Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Now on Colorado's Morning News. As market instability and continues,
some folks may be having concerns when it comes to
their retirement plan.
Speaker 2 (00:07):
And joining us now in the KOA Commas Spirit Health
Hotline to discuss the CEO and founder of Trade and Wealth.
They are a sponsored on KOA and I advocate for
them as well. It's Jeff Junior. Jeff, we appreciate carving
out some time this morning. I imagine your phone is
ringing off the hook because of people being concerned. I
want to get into this conversation by starting with this
if we set aside the reasons for the market turbulence.
(00:29):
Have you seen market conditions like this before when you've
worked in this business. Oh?
Speaker 3 (00:35):
Absolutely, There's been a lot of times where market conditions
have been like this. You know, COVID was a recent example,
and it really is a testament. This last week especially
as a testament not to making big emotional decisions. Last
week was the best week in a couple of years. Actually,
So don't get caught up too much.
Speaker 1 (00:53):
Sometimes I hear wealth managers say ride out the storm.
I hear that phrase and maybe you can adjust that
fort But you know what I'm thinking about is is
is it more about preparing for the storm or is
it possible to even prepare for something of what we've
seen over the last few weeks.
Speaker 3 (01:11):
Yeah, something like this, it's really hard to prepare for.
I think this ninety day reprieve, though, it does give
investors an opportunity to look at their portfolio. I've never
been a fan of a lot of the companies that
will use the global supply chain, and just because there's
so many variables, tear Us being one of them. So
I think this is an opportunity for people to look
(01:31):
at their portfolios, maybe sell some of those companies that
are going to be subject to the continued volatility that's
going to persist here until this is over. There's only
a ninety day reprieve, so we're going to get back
at it very shortly.
Speaker 2 (01:42):
Retirement planning and plans a very individual process. You always
share that with the ads we run and when I
advocate for you, But with a market like this, Jeff,
what is the number one thing you tell your clients,
regardless of where maybe they are in the process of retirement.
Speaker 3 (01:58):
Don't make emotional decisions? Is the number one key to
this whole thing? If you make emotional decisions like if
you look when they started the tariff talk, the market
was down ten percent, fourteen percent, and if you got
emotional and you sold everything, you would have missed out
on this gain and this rally that recently happened. So
you can't make these emotional decisions. Now, you should make
(02:19):
shifts to your portfolio because there are going to be
companies that really get hurt out of this when the
tariff I'll give you a good example. When the tariffs
were announced, rh Or restoration hardware went down in a
day forty percent. Forty percent in a day. That's huge,
and that's because they're very dependent on the supply chain,
the global supply chain. But if your portfolio loses let's
(02:42):
say fifty percent, it will take you You'll need to make
one hundred percent just to get back to break even.
Speaker 1 (02:50):
So how do you not make an emotional decision? Is
there just a lot of data? Is there a lot
of asking of guys like, hey, what is it?
Speaker 3 (02:58):
Yeah, consult a professional. You know, it's been proven and
there's stats that show by having a financial advisor it
can keep you away from this emotional roller coaster. But
also financial advisors have proven to earn you three to
four percent per year more because they help you prevent
emotional changes and emotional shifts. That's not really based on
reality or data. It's just based upon how you're feeling
(03:20):
that day.
Speaker 1 (03:21):
Jeff.
Speaker 2 (03:21):
Should those a year or two or three out from retirement,
should they be concerned right now?
Speaker 3 (03:28):
I don't know, you know. I mean, there's a certain
degree of what concerned means. So everybody should be concerned
at this point because there's a lot of the market
is so valuable because of all the unknowns. The market
doesn't like uncertainty, so there's a lot of uncertainty right now.
So I think, especially if you're a couple of years
out from retirement, it's very important to consult a professional,
(03:49):
but also make sure that you're not invested in a
lot of these companies that really are dependent on the
global supply chain. It's a good opportunity to look at
your portfolio and possibly even get a.
Speaker 2 (03:59):
Second And besides the emotional piece you shared, for those
not in near retirement, what is your advice.
Speaker 3 (04:05):
That's the same thing, the exact same thing. Watch out
for the companies that are really dependent on the global
supply chain. And this is a good opportunity to get
a second opinion from a professional there are over Another
point is there are over thirty three million businesses in
the United States and unfortunately, only a little over forty
six hundred of them are actively traded on the stock exchange.
(04:27):
So this is a great opportunity to potentially diversify your
portfolio further and limit the volatility of what's happening right now.
Speaker 1 (04:35):
And last, for me, there's effects on tariffs on the markets,
but tariffs on day to day expenses too. Are you
concerned about people on fixed incomes?
Speaker 3 (04:45):
Well, for sure, Yeah, these tariffs are definitely going to
increase prices, there's no doubt about that. But again, when
it comes to investing, it's important to invest in the
companies that have created a mote around themselves, and a
lot of these companies are going to pass these costs
along to the consumer. But when it comes to investing,
if one of those companies has an inability to pass
(05:07):
it along to the consumer, they're going to have to
internalize it and it's going to hit their balance sheet
in their books, and their stock is going to reflect
that as a lot of companies have.
Speaker 2 (05:14):
So the CEO and founder of Trading Wealthy are a
sponsor here on KOA, it's the Jeff Junior. Jeff, thanks
so much.
Speaker 3 (05:20):
Yeah, of course, thanks guys,
Now on Colorado's Morning News. As market instability and continues,
some folks may be having concerns when it comes to
their retirement plan.
Speaker 2 (00:07):
And joining us now in the KOA Commas Spirit Health
Hotline to discuss the CEO and founder of Trade and Wealth.
They are a sponsored on KOA and I advocate for
them as well. It's Jeff Junior. Jeff, we appreciate carving
out some time this morning. I imagine your phone is
ringing off the hook because of people being concerned. I
want to get into this conversation by starting with this
if we set aside the reasons for the market turbulence.
(00:29):
Have you seen market conditions like this before when you've
worked in this business. Oh?
Speaker 3 (00:35):
Absolutely, There's been a lot of times where market conditions
have been like this. You know, COVID was a recent example,
and it really is a testament. This last week especially
as a testament not to making big emotional decisions. Last
week was the best week in a couple of years. Actually,
So don't get caught up too much.
Speaker 1 (00:53):
Sometimes I hear wealth managers say ride out the storm.
I hear that phrase and maybe you can adjust that
fort But you know what I'm thinking about is is
is it more about preparing for the storm or is
it possible to even prepare for something of what we've
seen over the last few weeks.
Speaker 3 (01:11):
Yeah, something like this, it's really hard to prepare for.
I think this ninety day reprieve, though, it does give
investors an opportunity to look at their portfolio. I've never
been a fan of a lot of the companies that
will use the global supply chain, and just because there's
so many variables, tear Us being one of them. So
I think this is an opportunity for people to look
(01:31):
at their portfolios, maybe sell some of those companies that
are going to be subject to the continued volatility that's
going to persist here until this is over. There's only
a ninety day reprieve, so we're going to get back
at it very shortly.
Speaker 2 (01:42):
Retirement planning and plans a very individual process. You always
share that with the ads we run and when I
advocate for you, But with a market like this, Jeff,
what is the number one thing you tell your clients,
regardless of where maybe they are in the process of retirement.
Speaker 3 (01:58):
Don't make emotional decisions? Is the number one key to
this whole thing? If you make emotional decisions like if
you look when they started the tariff talk, the market
was down ten percent, fourteen percent, and if you got
emotional and you sold everything, you would have missed out
on this gain and this rally that recently happened. So
you can't make these emotional decisions. Now, you should make
(02:19):
shifts to your portfolio because there are going to be
companies that really get hurt out of this when the
tariff I'll give you a good example. When the tariffs
were announced, rh Or restoration hardware went down in a
day forty percent. Forty percent in a day. That's huge,
and that's because they're very dependent on the supply chain,
the global supply chain. But if your portfolio loses let's
(02:42):
say fifty percent, it will take you You'll need to make
one hundred percent just to get back to break even.
Speaker 1 (02:50):
So how do you not make an emotional decision? Is
there just a lot of data? Is there a lot
of asking of guys like, hey, what is it?
Speaker 3 (02:58):
Yeah, consult a professional. You know, it's been proven and
there's stats that show by having a financial advisor it
can keep you away from this emotional roller coaster. But
also financial advisors have proven to earn you three to
four percent per year more because they help you prevent
emotional changes and emotional shifts. That's not really based on
reality or data. It's just based upon how you're feeling
(03:20):
that day.
Speaker 1 (03:21):
Jeff.
Speaker 2 (03:21):
Should those a year or two or three out from retirement,
should they be concerned right now?
Speaker 3 (03:28):
I don't know, you know. I mean, there's a certain
degree of what concerned means. So everybody should be concerned
at this point because there's a lot of the market
is so valuable because of all the unknowns. The market
doesn't like uncertainty, so there's a lot of uncertainty right now.
So I think, especially if you're a couple of years
out from retirement, it's very important to consult a professional,
(03:49):
but also make sure that you're not invested in a
lot of these companies that really are dependent on the
global supply chain. It's a good opportunity to look at
your portfolio and possibly even get a.
Speaker 2 (03:59):
Second And besides the emotional piece you shared, for those
not in near retirement, what is your advice.
Speaker 3 (04:05):
That's the same thing, the exact same thing. Watch out
for the companies that are really dependent on the global
supply chain. And this is a good opportunity to get
a second opinion from a professional there are over Another
point is there are over thirty three million businesses in
the United States and unfortunately, only a little over forty
six hundred of them are actively traded on the stock exchange.
(04:27):
So this is a great opportunity to potentially diversify your
portfolio further and limit the volatility of what's happening right now.
Speaker 1 (04:35):
And last, for me, there's effects on tariffs on the markets,
but tariffs on day to day expenses too. Are you
concerned about people on fixed incomes?
Speaker 3 (04:45):
Well, for sure, Yeah, these tariffs are definitely going to
increase prices, there's no doubt about that. But again, when
it comes to investing, it's important to invest in the
companies that have created a mote around themselves, and a
lot of these companies are going to pass these costs
along to the consumer. But when it comes to investing,
if one of those companies has an inability to pass
(05:07):
it along to the consumer, they're going to have to
internalize it and it's going to hit their balance sheet
in their books, and their stock is going to reflect
that as a lot of companies have.
Speaker 2 (05:14):
So the CEO and founder of Trading Wealthy are a
sponsor here on KOA, it's the Jeff Junior. Jeff, thanks
so much.
Speaker 3 (05:20):
Yeah, of course, thanks guys,
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