December 17, 2025 • 42 mins
Ye' prime Interest Rates have been adjusted down by the Federal Reserve. Hosts John and Guiseppe tell us what that means for your flocks and blessed angels. Then we look forward to 2026 with data and how data is changing fundemental investment thinking. We're offering tidings of Comfort and Joy for the Christmas Time. The Wise Money Guys.
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Speaker 1 (00:00):
The Wise Money Guys Radio Show is brought to you
by One Source of Wealth Management SEC licensed three one
nine zero seven eight. For disclosures and more information, visit
our website One Source WM dot com.
Speaker 2 (00:14):
Hello and welcome to the Wise Money Guys Radio Show.
I'm your host, John Scambray, and I am a certified
portfolio manager that specializes in helping people who are retired
are about to retire manage their money as all. If
you have any questions or cunts or want to get
together for a no obligation consultation, give us a call
at nine one six ninety six seven thirty five hundred.
(00:38):
Normally I'm with my partner, Gisseppe, but he is in
the tropics in Hawaii, actually on a much needed vacation,
so you just get to listen to my wonderful voice
this whole show. But it is a packed show. We
have lots to talk about, especially at the end of
(00:58):
the year. So our main time topics today are we're
going to recap some of the big events and things
that happened in twenty twenty five, and then, as we've
been doing in the last couple of shows, we're going
to talk about what to expect or at least what
we think you should expect in twenty twenty six, and
(01:18):
more importantly, what sort of strategies and things you should
be doing now to set yourself up for a great year.
And just right off the bat, we do believe next
year will be a good year. To give a little
bit of our conversation away this morning, I mean based
on the data, not narrative, not politics, but actual financial
(01:43):
facts of what our economy is doing, what the job
market is doing, more importantly, what profits are being generated,
and how the market and companies continue, especially in the
S and P even starting to show up in the
Russell small caps are really starting to have and finish
(02:07):
the year with an up trend. But again everything from
an earnings perspective, we continue to surprise, meet or exceed expectations,
and I think that's going to continue into the year
next year. Just to give you a little bit of
a snippet of what we're going to talk about, but
(02:29):
first of all, a little bit of background in case
you're listening for the first time. Myself and my partner
have been in this industry a very long time, work
for some of the largest firms in the nation, helping
people with their financial goals and objectives. It's been almost well, no,
(02:50):
it's been over thirty years now, gosh, now that I
think about it. Since nineteen ninety two is when I
first got my securities license to help people with their investments,
and what a ride it has been since that time.
After working for some of the largest organizations, as I said,
(03:12):
in the country, about ten years ago, I decided that
there was a better mousetrap, and that mousetrap is independence.
So I went independent in March of twenty fifteen, forming
my own company. And it's been the best decision in
my career, especially after twenty years of corporate leadership at
(03:37):
the senior level, where you know clients tend to be
a second and I hate to say that, but that's
the reality. The reality is is when you're an advisor
or a senior leader of advisor of or advisory programs,
what becomes more important because you have no choice from
(03:58):
a compensation perspective, is shareholders and senior leadership, executive leadership
and achieving the goals that they set out for you.
And that's one of the main reasons why I started
this company and went independent, albeit using national companies as
our backbone, such as Charles Schwab. But the real reason
(04:21):
is is because when you work for a large, publicly
traded financial services company, client's best interest. Now this is
my opinion. People at those companies might say otherwise, but
client's best interest is second to executive leadership, who is
focused on their share price and their compensation which comes
(04:45):
from their shares. So that being said, I also like
to say myself, especially I'm battle tested. So when it
comes to things that have happened, like what's happened to
twenty twenty five and like what's going to happen in
twenty twenty six, I've seen it all, whether it's been
(05:06):
geopolitical things, ridiculous inflation levels, high interest rates, low interest rates,
wars which are I'm sad to say we're still seeing,
and unrest which does infect the market, and I do
like to say infect, but it also creates opportunities. You know,
(05:27):
great economies, bad economies, there's always opportunity for you to
make money. And the most important thing that I want
to say as we continue to talk this morning, is
it is a statistical fact that people who work with
professional advisors, especially highly experienced credentialed advisors like myself and
(05:52):
my partner do better, especially on average and over long
periods of time towards achieving the goals then the ones
who don't work with professional advisors or professional advisory firms.
So keep that in mind once again, if you have
any questions or like the show and want to sit
(06:16):
down for a no obligation consultation, there's many ways that
you can find us and get a hold of us. First,
and once again, our number is nine six nine six
seven thirty five hundred. But you can also go to
our website, which has many addresses to lead you there.
(06:37):
Our favorite one is whysmoney guys dot com or one
source wm dot com. Both of those will get you
to our website. At our website, you can always click
on contact us to get us your name and email
so that we can call you and I should say
(06:58):
so Kathy can call you and set up absolutely no
obligation consultation. But you'll also find lots of resources. You'll
find links to our videos. You'll find the link to
this show in fact, that we turn into both a
podcast and put on our YouTube channel, which you can
(07:20):
just search the YouTube channel for Wise Money guys, John
Scambray to Seppi Visconti or again, you can find the
links to our YouTube channel, our LinkedIn page, our Facebook page,
our x account, as well as previous podcasts, previous videos,
lots of articles and information that we put on there,
(07:43):
and then of course always there's disclosures and links to
our broker check to make sure you know how to
make sure we're good guys and are the ones to
more and likely be the ones that could do the
best job at taking care of whatever your financial needs are.
(08:07):
Now our specialty is asset management, so we are experts
in investments. In fact, one of the credentials that we
have is Certified Portfolio Manager, which is a very difficult
portfolio construction, design and and and and credential that does
(08:27):
not come easy. It's about two years worth of courses
and then a very extensive five day UH final exam
at Columbia University. Although I think Columbia, I think the
Academy of Certified Portfolio Managers now moved to NYU. But
when Giuseppe and I did the credentialing it was at Columbia,
(08:51):
and glad it wasn't at Columbia during all the mess
of of the riots and protests and so on and
so forth, which was just crazy. And nevertheless, our expertise
really is in financial planning, helping people to know what
they need, want and wish and then designing and implementing
(09:15):
and actively managing the investments to help them accomplish first
and foremost what their needs are and the least amount
of risk possible. Then how to potentially achieve their wants
and then also go for their wishes often wishes. In fact,
when I met with a client that's been a client
(09:37):
just since the beginning of this year, who's off to
a great start, who just retired, has seven figures strong,
seven figures and is off to a great start, as
I said, but they didn't have a financial plan. So
one of the things that we do when we meet is,
of course we go over your portfolio and how it's doing,
(09:57):
but more importantly are you on track initially for whatever
your goals and objectives are on the needs, want and
wishes side, And then we constantly meet to update the
information in your plan. So when we do a plan,
which is included in our advisory fee, by the way,
(10:18):
we're going to constantly update it. We're going to constantly
sit down, and we love meeting face to face. We
will meet you know, over webinars and zooms or teams
or Google meets whoever you prefer, if that's what you prefer.
But our favorite really is being able to sit down
with our clients here in the Greater Sacramento area, of course,
(10:41):
in the Bay area where we also have an East
Bay location, and then in the Reno Top market where
we also have another office, to conveniently meet with our
clients who have fled California and now live in Nevada,
which so many people do. I don't blame them from
attacks and politics perspective. That being said, we're going to
(11:07):
dive into twenty twenty five, as I said, and then
we'll end with some of the things that we see
and recommend you do for twenty twenty six. I'm your host,
John Scambray, and we're going to dive into what happened
and well, twenty twenty five isn't over yet, but how
do you talk about twenty twenty five without talking about
(11:29):
the big beautiful bill. And we're just starting to see
the effects of that, By the way, I think that's
one of the big things that are going to help
make twenty twenty six a good year, maybe even a
great year, like twenty five was, twenty four was a
good year, twenty three was a good year. Twenty five
(11:53):
is shaping up to be a great year, especially in
our stock portfolios, our main too. That blew the pants
off of the S and P five hundred, by the way,
and for more information on that, give us a call
at nine one six ninety six seven thirty five hundred.
But the Big Beautiful Bill. One of the biggest things
(12:15):
about that Big Beautiful Bill was the estate tax changes.
So what people don't realize is, you know, there's a
lot of people in California and in the nation that
have net worse that substantially put them into a situation
(12:36):
where their family, their legacy, their charities, whatever the case
may be, pays a death tax. And that's just, frankly,
you know, double taxation and ridiculous. There shouldn't be tax,
in my humble opinion, on your wealth that you created
when you've paid tax on it when you earned it
(12:58):
all along. But I digress. The fact is is that
the death tax exemption went to fifteen million per person
in a relationship in a couple in a marriage. So
now a family has a exemption, a combined exemption of
(13:21):
thirty million dollars, and let's face it, that pretty much
covers just about everybody except for the very fortunate, from
paying an estate death tax. So that was one of
the big things about the Big Beautiful Bill. But then
on a smaller scale, the standard deduction increased for single
(13:44):
filers from fifteen thousand, seven hundred and fifty dollars to
twenty three thousand, six hundred and twenty five thousand for
heads of household and then went to thirty one thousand
and five hundred from married cup for married couples filing jointly,
so basically you know that those numbers are exempt from
(14:07):
paying federal tax. Then there was also a new senior
benefit too, meaning Americans sixty five and older get a
six thousand dollars deduction. Now that one does have a
time limit on It goes away in twenty twenty eight
with income based phase outs at seventy five thousand, so
(14:31):
you get an additional deduction if you're over the age
of sixty five. It phases out after one hundred and
fifty thousand for married couples and seventy five thousand for individuals.
But again it's another deduction. And what's important about these
deductions from income tax federal income tax is what do
(14:55):
we do with that money we spend it and when
we spend it, what does that do to companies that
have a good or service of their profitability or their earnings,
or more importantly, their share price. If their profits and
earnings increase, their share price increase, and it's good for
(15:15):
the market. That's just some there's business income deductions that
have changed and increased, which will really help small business owners.
And and then there was also a different depreciation that
is being changed on real estate which will help out
(15:38):
a lot of people on their tax deductions on the
real estate side that have to do with depreciation and
property taxes. So again I'm not going to dive into
the weeds of exactly what all the deductions were or are,
but they're all going to be very helpful for growth
(16:00):
of our economy in twenty twenty six. And then also
just looking back at twenty twenty five, I mean trade policy.
We can't we can't talk about twenty twenty five without
talking about tariffs and all of the trade policy changes
(16:21):
that our administration that President Trump has made, you know,
be against it, be against the president, like it, hate it,
It's still pro American. And that investment into American you know, companies,
into American manufacturing, into American goods or services is going
(16:43):
to increase jobs, which will increase people's incomes, which will
increase money in their pocket, which again will increase you know,
companies profitabilities, will increase even revenues to the government coffers,
so on and so forth, which will allow for further
tax That's the more productivity, the more growth of our economy,
(17:07):
the more money that flows into the coffers of the
government to pay for you know, goods or excuse me,
for services, and which then takes pressure off of you know,
individuals as far as having to be taxed more and
more to pay for those things. So again, whether it's
(17:30):
the big beautiful bill, whether it's trade policy, whether it's
the estate and gift tax changes. There was also some
changes to the gift tax. I talked about the death tax,
but all of those things in twenty twenty five are
going to be huge for twenty twenty six. Speaking of
(17:53):
twenty twenty six, and again, just giving a little bit
of what you should do now. You should be rebalancing
your portfolio. If you don't know what to rebalance into
or have have have, it's a real struggle for you
to sell losers and maybe rebalance. You know, your portfolio
(18:16):
from winners as well. You absolutely should, and things are
going to be slightly different from an investment perspective in
twenty twenty six. The high flyers of twenty twenty five
aren't necessarily In fact, I don't think they're going to
be the high flyers of twenty twenty six. I don't
(18:37):
see your I don't think you're going to see the
same growth in media or the chip makers as you will.
And this is a snippet of twenty twenty six where
I think if you're on the growth side, positioning yourself
for a great growth year from your investments, I think
(18:57):
you're going to see it in automation, robotics, infrastructure as
well as energy and energy infrastructure. I also think there's
going to be some opportunity I mean in in biotech
and in pharmaceuticals, companies like Gilead or Ions on the
(19:21):
biotech side, so on and so forth. I mean there's
so many credial things in the biotech sector, whether it's
for treating cancer, new new new methods for treating cancers,
you know, new immunotherapies that are in phase three trials
now that could get the table next year and make
(19:43):
these biotech companies literally shoot through the roof, as well
as pharmaceutical companies in the pipeline of drugs that they
have to just treat you know, ongoing illness and conditions.
I mean, like I said, Gilead look to have a
very strong year next year. And again this is just
(20:05):
a snippet of what to expect, but the big theme
here is that where you saw double digit returns in
twenty twenty five, I think some of those things will
still be good. Do I think Nvidia still has you know,
room to grow, sure, or Microsoft or any of the
(20:26):
mag seven, the Googles, the Amazons. Actually I think has
probably more upside than Nvidia. I could easily see that
going from a two hundred and twenty or thirty dollars
stock that it is now to three hundred dollars or
more next year. By the way, you know, past performance
(20:46):
is in a guarantee of future results, and most of
these things will be very volatile rides as as things
shape out next year, especially in the tech biotech pharmaceutical sectors,
(21:07):
expect things to be volatile. One of the strategies that
we'll talk about is dollar cost averaging and buying on
the dips. Rebalancing at the end of the year is
very important. Don't be afraid to get rid of your
losers and add to your winners and or trim your
(21:31):
mega winners. I mean so often people you know come
to us that didn't have a rebalancing strategy or a
plan on what to do at the end of the
year and and then what to expect or do the
next year. So the first thing you should absolutely have
(21:51):
and update if you already have one, or get one
if you don't have one, is a financial plan. And
don't think of a financial plan is this I do
it one time and it's done. It's complete. Okay, I
got that, I did that. No, it's it's something that
needs to be your roadmap, something that you use to
(22:15):
make sure you know how to measure success, to make
sure you're on track. That make sure you have plans
for the unforeseen things that happen throughout our lives, especially
in retirement that might be a healthcare event that might
be a major purchase, who knows. But the point is
is if you don't have a roadmap, if you haven't
(22:38):
thought and put down to paper again how you're going
to cover your needs. You know what your wants and
wishes are. You may already have the money, all the
money that you need, and then you know protecting it
is something that will be prevalent in your plan versus
(22:58):
growing it. Or it might be you have just enough
money that that is what your plan says. And so
again protection is important, but the income from from your
assets that you have created is really the main goal
versus growth, and of course always protecting what you have
(23:22):
even when you're growing it and when it's enough that
is multigenerational. Preservation of capital for our clients is always
the most important. And then how do you get income
and growth with preservation of capital being the most important thing,
especially when you're not part of the earned income, the
(23:46):
w two or the self employment income that you used
to have that you no longer have that created the
wealth that you do have, so preservation. How do I
get returns that outpace in inflation without taking an unusual
amount of risk? How do I get a five, six, seven,
(24:06):
eight percent return or more on my money without you know,
taking an unusual amount of risk when I can't replace
the investments or the savings that I have. And guess
what the good news is that there is fixed income
investments that do have certain guarantees that pay five, six,
(24:30):
seven and eight percent. There's alternative investments that are lower
volatility than stocks or bonds that have distribution rates of
seven and eight percent. The risk measurement is lower on
various levels than stocks or bonds, and you can get
(24:51):
higher interest rates off of those alternatives or dividends off
of those alternatives than either. So don't think that you
know being conservative means not making any money or not
making a meaningful return to accomplish your plans. But again,
the most important thing for twenty twenty five is doing
(25:14):
a review, updating your existing plan if you have one,
see where it needs to be tweaked, if there's any
changes in your lives, putting getting those into your plan,
and then make sure making sure that your portfolio is
reflective of the results of twenty twenty five and any
(25:34):
changes that are necessary. And once again, over and over
people you know have this regret where they made a
lot of money on a particular company. For example, Nvidia
went into the low two hundreds. I'd started saying, man,
trim Invidia. I don't think it's going higher. Don't be
(25:55):
able to afraid to lock in profits, And here it
is down at one, you know, in the in the
in the low one seventies to mid one seventies. And
so don't be afraid that you're going to miss out
on future growth if you've already made thirty fifty, one
hundred percent or more on a particular investment. I'm not
(26:17):
saying get rid of all of it. I'm just saying,
don't be afraid to lock in some profit because there's
something that you think there's nothing else that could give
you double digits returns. There are, And I think the future,
especially in this fourth Industrial Revolution that we're in, is
(26:37):
going to be huge, more so in twenty twenty six
than it was in twenty twenty five. Right, we were
just testing the waters in twenty twenty five. Right, a
company could say, oh, we're investing, we're putting capital behind
you know, artificial intelligence. What did that even mean? You know?
(26:59):
But yet no revenue. These companies like a Facebook or whatever,
they're not generating revenue from artificial intelligence, yet their stock
price went through the roof. Many companies just said, you know,
we're we're we're reshaping the way we do things incorporating
artificial intelligence, and the stock went through the roof. Well
(27:21):
guess what Now in twenty twenty six, it'll be where
the rubber meets the road is a I and anything
that you'ven implemented. Maybe it's you know, new computers, maybe
it's you know, a new way to you know, process orders,
or maybe it's automation or robotics that uses AI chips
(27:43):
to create your output. Whatever the case may be, that
will be the theme of twenty twenty six. And that's
on the growth side. What you want to be invested
in things that are actually using machine learn, artificial intelligence,
you know that drives things that put out a good
(28:07):
or a service and do it more profitably then without it.
That's where you want your investment dollars in your mutual funds,
your ETFs, or your individual stocks uh to benefit from
this fourth Industrial Revolution that we're in. And if you
(28:28):
don't have that, if you don't know where to find
those opportunities, you absolutely should be coming in for a
no obligation consultation if you don't know how to rebalance,
or are afraid to rebalance your portfolio, or feel that
your current advisor isn't doing you know, a high touch
and putting in the level of proactive management that we
(28:51):
put in. Give us a call at nine one six
nine six seven thirty five hundred. Again that numbers one
six ninety six seven thirty five hundred. Okay, we definitely
need to talk about one of the things that I missed,
which was such a big deal in twenty twenty five
(29:13):
as far as news sensationalism. Do I think it was
a big deal from an impact to the art to
our economy, No, it absolutely was not. It started maybe
to have a little bit of fact, but I knew
it was going to end before Thanksgiving and it did.
In fact, I even said it would end before Thanksgiving,
(29:37):
and that's the government shut down. So that was another
big thing that happened in twenty twenty five. But here's
why I mentioned it, As we're talking about you know,
what you should be doing to you know, be prepared
and and really take advantage of of what I think
is going to make a lot of money in twenty
(29:58):
twenty six. And that is is that I think there'll
be another government shut down in twenty twenty six. You
heard it here, and that's because all they did was
kick the can down the road when they reopened the government.
They did it with continuing resolution, which they've been doing
(30:19):
for years. They haven't actually balanced a budget or passed
a budget in years. They keep just funding certain parts
of the government through continuing resolution or budgetary trickery versus
actually balancing and passing a complete budget. And here we
(30:42):
are again in twenty twenty six. That continuing resolution just
basically gets us through the end of the year and
into the beginning of next year, and then it's going
to be the same battle and mark words. The news
will make big, big, big issues of it, and the
market will get a little bit concerned, but it'll wait
(31:05):
to see if economically there's any sort of meaningful reduction
in spending, consumer confidence, retail sales numbers, things that you
would think that if hundreds of thousands or millions of
people were out of a job would impact our economy
(31:27):
because the consumption would go down. We didn't see any,
as I said, major impact to consumption in the twenty
twenty five shut down. In fact, GDP was revised up.
You know, retail sales was good. I think retail sales
around this holiday season is going to be fantastic, which
(31:49):
will help be reported and kick off twenty twenty six.
I think fourth quarter earnings, which will be reported obviously
in twenty twenty six starting in January, will also be
another meet or exceed expectations. And I think guidance for
the most part will be revised up by companies, which
(32:10):
will really off the stock market into another good year.
But heed this caution the government shut down. Another big
theme in twenty twenty six is mid term elections. If
the if the House and the Senate goes back to Democrats,
(32:34):
look for a lot of these incredible things that have
put in place that are pro American, pro American business,
pro American prosperity, you know, be kicked out, be impeached
literally military people. They want to impeach, of course, the President.
They want to impeach, Members of Congress, they want to
(32:57):
impeach judges, they want to impeach. It's ridiculous, all baseless,
in no grounds. And the reason why I talked about
that because this isn't a political show. It's an investment show.
Is because it will be the things in twenty twenty
six that could put a damper on twenty twenty six
(33:18):
economy and therefore twenty twenty six prosperity and therefore your
investment results in twenty twenty six barring that. So my
prediction is the house goes to I do think we
have another government shutdown. I think that will mostly have
no effect. Might be a little bit of volatility, you know,
(33:41):
when the shutdown is happening. You know, we're companies, institutions,
People start taking some profits on their stocks. Maybe the
shorts sellers goes up a little bit if that starts
being the case. But however, I think the shutdown will
have no effect because I also think it will be
(34:02):
short lived. One thing that our politicians continue to demonstrate
is they have no stomach and no actual backbone when
it comes to their actual beliefs. Either parties will cave
and then vote for just more debt and deficit, including
the Republicans. And that's where I call myself a conservative
(34:25):
versus a Republican, because Republicans have voted for every big
spending bill just like Democrats. And it's sad, but that's reality.
The reality is, you know, you can't focus on that.
You've got to be prepared for it. And that is
our specialty again as active portfolio managers and investment experts.
(34:52):
We know how these policies, whether it's monetary policy. Because
we just had Jerome Powell come out with a twenty
five basis point cut blast Meeting of the Year, which
again is a is a nothing burger. Everybody expected it.
I expected it. I expected it to do nothing. It
(35:14):
did nothing. That is another that leads me to another
big theme to look for in twenty twenty six. Who
does Trump appoint for the new and open FED chairman
position and is that person pro growth? Pro growth should
(35:37):
be the mantra of the Federal Reserve Board, in the FOMC,
the Federal Open Market Committee, not you know, anti inflation
or full employment. If you focus on inflation and you
focus on trying to stop inflation by trying to kill growth,
(36:00):
then kill jobs. It's just ridiculous. But yet that's the mantra.
That mantra needs to change. So hopefully in twenty twenty six,
the new FED chairman for the open position in May
of twenty twenty six, will be pro growth. Productivity is
(36:21):
what and growth and the dollar value is what leads
to no inflation or high inflation. By continuing to kill
the value of the dollar through debt and deficit, that
is why we had high inflation. It's the borrowing, it's
(36:41):
the spending money that we don't have that makes dollars,
you know, not as reliable and not as valuable, which
is why then you have increase in prices, because the
real root cause of inflation is a lower dollar value,
which takes more dollars to buy the same thing. So
(37:02):
the way you get rid of inflation is making your
dollars worth more. And if your dollars are worth more,
it takes less dollars to buy the same thing, and
prices therefore are less because it takes less dollars. So
this this thing that you got to be afraid of
growth as a central banker is ridiculous. If we tackled
(37:28):
our debt and deficits, if we balanced our budget, the
dollar value would go highest levels against all the major
currencies of the world, and our inflation would be non existent.
Employment would go through the roof because profitability for companies
(37:51):
would go through the roof, So they would hire, they
would add, they would buy, you know, equipment, they would
invest in real estate, so on a and so forth,
and so focusing on growth, focusing on debt and deficits
will increase the value of the dollar, which will cut
(38:13):
out inflation and make our economy prosperous. The reason why
you saw gold go through the roof is because dollars,
you know, became less valuable, and so as a safety precaution,
you know, people countries started stockpiling more gold, and simple
(38:35):
supply and demand perspective. If demand for gold goes way
up because dollars for demand for dollars is way down,
inflation goes up, and gold, you know, goes through the roof.
And that's what happened. That's what happened in twenty twenty five.
That's what happened or could be fixed in twenty twenty six.
(38:58):
So to rect what you do now in twenty twenty
five is important to what type of year you'll have
in twenty twenty six. If you don't have a plan,
get one. If you have a plan but just did
it checked it off, check that box off. Revise it.
(39:24):
More importantly, call the wise money guys. John scambray into
Sepiviskani for a no obligation consultation. We'll do a financial
plan for you with no obligation. We'll send you the questionnaire.
We'll spend the time with you to show you you
know whether or not you're on track. Where areas of
(39:44):
opportunities are you know? Are you properly diversified? Have you
fully plan for what risks? Like as a throat at you,
have you fully created a plan to accomplish your goals.
Maybe it's to relocate, Maybe it's to retire if you
haven't retired already. Maybe it's a major purchase. Maybe it's
(40:07):
just to create the biggest legacy you can for your heirs.
Whatever the case may be, success in twenty twenty six,
it will be so important to have a plan, an ongoing, living, breathing,
changing roadmap to make sure you're always on track for
your goals and objectives. And we are offering that free
(40:30):
of charge by calling nine to one six ninety six
seven thirty five hundred twenty twenty six. I believe is
going to be a good year, but I think it
will be a volatile year, just like twenty twenty five.
Don't forget in twenty twenty five, in April and May,
(40:51):
we had a double digit krash, not a correction. A
correction is ten percent or more in any of the
major indices. A crash is twenty percent or more. And
both the S and P and the Nasdaq were down,
not down from its highs, down not from its all
(41:12):
time highs, but down for the year more than twenty percent.
So we had a crash in twenty twenty five that
people quickly forgot about because the year was so good.
We also had a correction in November of twenty twenty five.
So I expect most of the more of the same
(41:32):
because I think some of those themes that cause those things,
which were trade policy, which were the government shut down,
which were some of the geopolitical things, the war in
Iran and I shouldn't say the war, the war in
Israel and Palestine which involved Iran, the war in Eastern
(41:58):
Europe with Russia in Ukraine. Those ongoing themes trade policy,
government shut down, budget issues, geopolitical things are all still
on the horizon for twenty twenty six. But economically, the
Big Beautiful Bill has set us up and trade policy
(42:20):
has set us up for a fantastic year in twenty
twenty six. But it won't be easy. It won't be easy,
and I highly recommend that if you want to make
great money with the least amount of risk possible, you
call the Wise Money Guys at nine one six ninety
six seven thirty five hundred. Well, I hope you enjoyed
(42:43):
the show as always, have a wonderful Saturday, and we'll
talk to you next week. By all,
The Wise Money Guys Radio Show is brought to you
by One Source of Wealth Management SEC licensed three one
nine zero seven eight. For disclosures and more information, visit
our website One Source WM dot com.
Speaker 2 (00:14):
Hello and welcome to the Wise Money Guys Radio Show.
I'm your host, John Scambray, and I am a certified
portfolio manager that specializes in helping people who are retired
are about to retire manage their money as all. If
you have any questions or cunts or want to get
together for a no obligation consultation, give us a call
at nine one six ninety six seven thirty five hundred.
(00:38):
Normally I'm with my partner, Gisseppe, but he is in
the tropics in Hawaii, actually on a much needed vacation,
so you just get to listen to my wonderful voice
this whole show. But it is a packed show. We
have lots to talk about, especially at the end of
(00:58):
the year. So our main time topics today are we're
going to recap some of the big events and things
that happened in twenty twenty five, and then, as we've
been doing in the last couple of shows, we're going
to talk about what to expect or at least what
we think you should expect in twenty twenty six, and
(01:18):
more importantly, what sort of strategies and things you should
be doing now to set yourself up for a great year.
And just right off the bat, we do believe next
year will be a good year. To give a little
bit of our conversation away this morning, I mean based
on the data, not narrative, not politics, but actual financial
(01:43):
facts of what our economy is doing, what the job
market is doing, more importantly, what profits are being generated,
and how the market and companies continue, especially in the
S and P even starting to show up in the
Russell small caps are really starting to have and finish
(02:07):
the year with an up trend. But again everything from
an earnings perspective, we continue to surprise, meet or exceed expectations,
and I think that's going to continue into the year
next year. Just to give you a little bit of
a snippet of what we're going to talk about, but
(02:29):
first of all, a little bit of background in case
you're listening for the first time. Myself and my partner
have been in this industry a very long time, work
for some of the largest firms in the nation, helping
people with their financial goals and objectives. It's been almost well, no,
(02:50):
it's been over thirty years now, gosh, now that I
think about it. Since nineteen ninety two is when I
first got my securities license to help people with their investments,
and what a ride it has been since that time.
After working for some of the largest organizations, as I said,
(03:12):
in the country, about ten years ago, I decided that
there was a better mousetrap, and that mousetrap is independence.
So I went independent in March of twenty fifteen, forming
my own company. And it's been the best decision in
my career, especially after twenty years of corporate leadership at
(03:37):
the senior level, where you know clients tend to be
a second and I hate to say that, but that's
the reality. The reality is is when you're an advisor
or a senior leader of advisor of or advisory programs,
what becomes more important because you have no choice from
(03:58):
a compensation perspective, is shareholders and senior leadership, executive leadership
and achieving the goals that they set out for you.
And that's one of the main reasons why I started
this company and went independent, albeit using national companies as
our backbone, such as Charles Schwab. But the real reason
(04:21):
is is because when you work for a large, publicly
traded financial services company, client's best interest. Now this is
my opinion. People at those companies might say otherwise, but
client's best interest is second to executive leadership, who is
focused on their share price and their compensation which comes
(04:45):
from their shares. So that being said, I also like
to say myself, especially I'm battle tested. So when it
comes to things that have happened, like what's happened to
twenty twenty five and like what's going to happen in
twenty twenty six, I've seen it all, whether it's been
(05:06):
geopolitical things, ridiculous inflation levels, high interest rates, low interest rates,
wars which are I'm sad to say we're still seeing,
and unrest which does infect the market, and I do
like to say infect, but it also creates opportunities. You know,
(05:27):
great economies, bad economies, there's always opportunity for you to
make money. And the most important thing that I want
to say as we continue to talk this morning, is
it is a statistical fact that people who work with
professional advisors, especially highly experienced credentialed advisors like myself and
(05:52):
my partner do better, especially on average and over long
periods of time towards achieving the goals then the ones
who don't work with professional advisors or professional advisory firms.
So keep that in mind once again, if you have
any questions or like the show and want to sit
(06:16):
down for a no obligation consultation, there's many ways that
you can find us and get a hold of us. First,
and once again, our number is nine six nine six
seven thirty five hundred. But you can also go to
our website, which has many addresses to lead you there.
(06:37):
Our favorite one is whysmoney guys dot com or one
source wm dot com. Both of those will get you
to our website. At our website, you can always click
on contact us to get us your name and email
so that we can call you and I should say
(06:58):
so Kathy can call you and set up absolutely no
obligation consultation. But you'll also find lots of resources. You'll
find links to our videos. You'll find the link to
this show in fact, that we turn into both a
podcast and put on our YouTube channel, which you can
(07:20):
just search the YouTube channel for Wise Money guys, John
Scambray to Seppi Visconti or again, you can find the
links to our YouTube channel, our LinkedIn page, our Facebook page,
our x account, as well as previous podcasts, previous videos,
lots of articles and information that we put on there,
(07:43):
and then of course always there's disclosures and links to
our broker check to make sure you know how to
make sure we're good guys and are the ones to
more and likely be the ones that could do the
best job at taking care of whatever your financial needs are.
(08:07):
Now our specialty is asset management, so we are experts
in investments. In fact, one of the credentials that we
have is Certified Portfolio Manager, which is a very difficult
portfolio construction, design and and and and credential that does
(08:27):
not come easy. It's about two years worth of courses
and then a very extensive five day UH final exam
at Columbia University. Although I think Columbia, I think the
Academy of Certified Portfolio Managers now moved to NYU. But
when Giuseppe and I did the credentialing it was at Columbia,
(08:51):
and glad it wasn't at Columbia during all the mess
of of the riots and protests and so on and
so forth, which was just crazy. And nevertheless, our expertise
really is in financial planning, helping people to know what
they need, want and wish and then designing and implementing
(09:15):
and actively managing the investments to help them accomplish first
and foremost what their needs are and the least amount
of risk possible. Then how to potentially achieve their wants
and then also go for their wishes often wishes. In fact,
when I met with a client that's been a client
(09:37):
just since the beginning of this year, who's off to
a great start, who just retired, has seven figures strong,
seven figures and is off to a great start, as
I said, but they didn't have a financial plan. So
one of the things that we do when we meet is,
of course we go over your portfolio and how it's doing,
(09:57):
but more importantly are you on track initially for whatever
your goals and objectives are on the needs, want and
wishes side, And then we constantly meet to update the
information in your plan. So when we do a plan,
which is included in our advisory fee, by the way,
(10:18):
we're going to constantly update it. We're going to constantly
sit down, and we love meeting face to face. We
will meet you know, over webinars and zooms or teams
or Google meets whoever you prefer, if that's what you prefer.
But our favorite really is being able to sit down
with our clients here in the Greater Sacramento area, of course,
(10:41):
in the Bay area where we also have an East
Bay location, and then in the Reno Top market where
we also have another office, to conveniently meet with our
clients who have fled California and now live in Nevada,
which so many people do. I don't blame them from
attacks and politics perspective. That being said, we're going to
(11:07):
dive into twenty twenty five, as I said, and then
we'll end with some of the things that we see
and recommend you do for twenty twenty six. I'm your host,
John Scambray, and we're going to dive into what happened
and well, twenty twenty five isn't over yet, but how
do you talk about twenty twenty five without talking about
(11:29):
the big beautiful bill. And we're just starting to see
the effects of that, By the way, I think that's
one of the big things that are going to help
make twenty twenty six a good year, maybe even a
great year, like twenty five was, twenty four was a
good year, twenty three was a good year. Twenty five
(11:53):
is shaping up to be a great year, especially in
our stock portfolios, our main too. That blew the pants
off of the S and P five hundred, by the way,
and for more information on that, give us a call
at nine one six ninety six seven thirty five hundred.
But the Big Beautiful Bill. One of the biggest things
(12:15):
about that Big Beautiful Bill was the estate tax changes.
So what people don't realize is, you know, there's a
lot of people in California and in the nation that
have net worse that substantially put them into a situation
(12:36):
where their family, their legacy, their charities, whatever the case
may be, pays a death tax. And that's just, frankly,
you know, double taxation and ridiculous. There shouldn't be tax,
in my humble opinion, on your wealth that you created
when you've paid tax on it when you earned it
(12:58):
all along. But I digress. The fact is is that
the death tax exemption went to fifteen million per person
in a relationship in a couple in a marriage. So
now a family has a exemption, a combined exemption of
(13:21):
thirty million dollars, and let's face it, that pretty much
covers just about everybody except for the very fortunate, from
paying an estate death tax. So that was one of
the big things about the Big Beautiful Bill. But then
on a smaller scale, the standard deduction increased for single
(13:44):
filers from fifteen thousand, seven hundred and fifty dollars to
twenty three thousand, six hundred and twenty five thousand for
heads of household and then went to thirty one thousand
and five hundred from married cup for married couples filing jointly,
so basically you know that those numbers are exempt from
(14:07):
paying federal tax. Then there was also a new senior
benefit too, meaning Americans sixty five and older get a
six thousand dollars deduction. Now that one does have a
time limit on It goes away in twenty twenty eight
with income based phase outs at seventy five thousand, so
(14:31):
you get an additional deduction if you're over the age
of sixty five. It phases out after one hundred and
fifty thousand for married couples and seventy five thousand for individuals.
But again it's another deduction. And what's important about these
deductions from income tax federal income tax is what do
(14:55):
we do with that money we spend it and when
we spend it, what does that do to companies that
have a good or service of their profitability or their earnings,
or more importantly, their share price. If their profits and
earnings increase, their share price increase, and it's good for
(15:15):
the market. That's just some there's business income deductions that
have changed and increased, which will really help small business owners.
And and then there was also a different depreciation that
is being changed on real estate which will help out
(15:38):
a lot of people on their tax deductions on the
real estate side that have to do with depreciation and
property taxes. So again I'm not going to dive into
the weeds of exactly what all the deductions were or are,
but they're all going to be very helpful for growth
(16:00):
of our economy in twenty twenty six. And then also
just looking back at twenty twenty five, I mean trade policy.
We can't we can't talk about twenty twenty five without
talking about tariffs and all of the trade policy changes
(16:21):
that our administration that President Trump has made, you know,
be against it, be against the president, like it, hate it,
It's still pro American. And that investment into American you know, companies,
into American manufacturing, into American goods or services is going
(16:43):
to increase jobs, which will increase people's incomes, which will
increase money in their pocket, which again will increase you know,
companies profitabilities, will increase even revenues to the government coffers,
so on and so forth, which will allow for further
tax That's the more productivity, the more growth of our economy,
(17:07):
the more money that flows into the coffers of the
government to pay for you know, goods or excuse me,
for services, and which then takes pressure off of you know,
individuals as far as having to be taxed more and
more to pay for those things. So again, whether it's
(17:30):
the big beautiful bill, whether it's trade policy, whether it's
the estate and gift tax changes. There was also some
changes to the gift tax. I talked about the death tax,
but all of those things in twenty twenty five are
going to be huge for twenty twenty six. Speaking of
(17:53):
twenty twenty six, and again, just giving a little bit
of what you should do now. You should be rebalancing
your portfolio. If you don't know what to rebalance into
or have have have, it's a real struggle for you
to sell losers and maybe rebalance. You know, your portfolio
(18:16):
from winners as well. You absolutely should, and things are
going to be slightly different from an investment perspective in
twenty twenty six. The high flyers of twenty twenty five
aren't necessarily In fact, I don't think they're going to
be the high flyers of twenty twenty six. I don't
(18:37):
see your I don't think you're going to see the
same growth in media or the chip makers as you will.
And this is a snippet of twenty twenty six where
I think if you're on the growth side, positioning yourself
for a great growth year from your investments, I think
(18:57):
you're going to see it in automation, robotics, infrastructure as
well as energy and energy infrastructure. I also think there's
going to be some opportunity I mean in in biotech
and in pharmaceuticals, companies like Gilead or Ions on the
(19:21):
biotech side, so on and so forth. I mean there's
so many credial things in the biotech sector, whether it's
for treating cancer, new new new methods for treating cancers,
you know, new immunotherapies that are in phase three trials
now that could get the table next year and make
(19:43):
these biotech companies literally shoot through the roof, as well
as pharmaceutical companies in the pipeline of drugs that they
have to just treat you know, ongoing illness and conditions.
I mean, like I said, Gilead look to have a
very strong year next year. And again this is just
(20:05):
a snippet of what to expect, but the big theme
here is that where you saw double digit returns in
twenty twenty five, I think some of those things will
still be good. Do I think Nvidia still has you know,
room to grow, sure, or Microsoft or any of the
(20:26):
mag seven, the Googles, the Amazons. Actually I think has
probably more upside than Nvidia. I could easily see that
going from a two hundred and twenty or thirty dollars
stock that it is now to three hundred dollars or
more next year. By the way, you know, past performance
(20:46):
is in a guarantee of future results, and most of
these things will be very volatile rides as as things
shape out next year, especially in the tech biotech pharmaceutical sectors,
(21:07):
expect things to be volatile. One of the strategies that
we'll talk about is dollar cost averaging and buying on
the dips. Rebalancing at the end of the year is
very important. Don't be afraid to get rid of your
losers and add to your winners and or trim your
(21:31):
mega winners. I mean so often people you know come
to us that didn't have a rebalancing strategy or a
plan on what to do at the end of the
year and and then what to expect or do the
next year. So the first thing you should absolutely have
(21:51):
and update if you already have one, or get one
if you don't have one, is a financial plan. And
don't think of a financial plan is this I do
it one time and it's done. It's complete. Okay, I
got that, I did that. No, it's it's something that
needs to be your roadmap, something that you use to
(22:15):
make sure you know how to measure success, to make
sure you're on track. That make sure you have plans
for the unforeseen things that happen throughout our lives, especially
in retirement that might be a healthcare event that might
be a major purchase, who knows. But the point is
is if you don't have a roadmap, if you haven't
(22:38):
thought and put down to paper again how you're going
to cover your needs. You know what your wants and
wishes are. You may already have the money, all the
money that you need, and then you know protecting it
is something that will be prevalent in your plan versus
(22:58):
growing it. Or it might be you have just enough
money that that is what your plan says. And so
again protection is important, but the income from from your
assets that you have created is really the main goal
versus growth, and of course always protecting what you have
(23:22):
even when you're growing it and when it's enough that
is multigenerational. Preservation of capital for our clients is always
the most important. And then how do you get income
and growth with preservation of capital being the most important thing,
especially when you're not part of the earned income, the
(23:46):
w two or the self employment income that you used
to have that you no longer have that created the
wealth that you do have, so preservation. How do I
get returns that outpace in inflation without taking an unusual
amount of risk? How do I get a five, six, seven,
(24:06):
eight percent return or more on my money without you know,
taking an unusual amount of risk when I can't replace
the investments or the savings that I have. And guess
what the good news is that there is fixed income
investments that do have certain guarantees that pay five, six,
(24:30):
seven and eight percent. There's alternative investments that are lower
volatility than stocks or bonds that have distribution rates of
seven and eight percent. The risk measurement is lower on
various levels than stocks or bonds, and you can get
(24:51):
higher interest rates off of those alternatives or dividends off
of those alternatives than either. So don't think that you
know being conservative means not making any money or not
making a meaningful return to accomplish your plans. But again,
the most important thing for twenty twenty five is doing
(25:14):
a review, updating your existing plan if you have one,
see where it needs to be tweaked, if there's any
changes in your lives, putting getting those into your plan,
and then make sure making sure that your portfolio is
reflective of the results of twenty twenty five and any
(25:34):
changes that are necessary. And once again, over and over
people you know have this regret where they made a
lot of money on a particular company. For example, Nvidia
went into the low two hundreds. I'd started saying, man,
trim Invidia. I don't think it's going higher. Don't be
(25:55):
able to afraid to lock in profits, And here it
is down at one, you know, in the in the
in the low one seventies to mid one seventies. And
so don't be afraid that you're going to miss out
on future growth if you've already made thirty fifty, one
hundred percent or more on a particular investment. I'm not
(26:17):
saying get rid of all of it. I'm just saying,
don't be afraid to lock in some profit because there's
something that you think there's nothing else that could give
you double digits returns. There are, And I think the future,
especially in this fourth Industrial Revolution that we're in, is
(26:37):
going to be huge, more so in twenty twenty six
than it was in twenty twenty five. Right, we were
just testing the waters in twenty twenty five. Right, a
company could say, oh, we're investing, we're putting capital behind
you know, artificial intelligence. What did that even mean? You know?
(26:59):
But yet no revenue. These companies like a Facebook or whatever,
they're not generating revenue from artificial intelligence, yet their stock
price went through the roof. Many companies just said, you know,
we're we're we're reshaping the way we do things incorporating
artificial intelligence, and the stock went through the roof. Well
(27:21):
guess what Now in twenty twenty six, it'll be where
the rubber meets the road is a I and anything
that you'ven implemented. Maybe it's you know, new computers, maybe
it's you know, a new way to you know, process orders,
or maybe it's automation or robotics that uses AI chips
(27:43):
to create your output. Whatever the case may be, that
will be the theme of twenty twenty six. And that's
on the growth side. What you want to be invested
in things that are actually using machine learn, artificial intelligence,
you know that drives things that put out a good
(28:07):
or a service and do it more profitably then without it.
That's where you want your investment dollars in your mutual funds,
your ETFs, or your individual stocks uh to benefit from
this fourth Industrial Revolution that we're in. And if you
(28:28):
don't have that, if you don't know where to find
those opportunities, you absolutely should be coming in for a
no obligation consultation if you don't know how to rebalance,
or are afraid to rebalance your portfolio, or feel that
your current advisor isn't doing you know, a high touch
and putting in the level of proactive management that we
(28:51):
put in. Give us a call at nine one six
nine six seven thirty five hundred. Again that numbers one
six ninety six seven thirty five hundred. Okay, we definitely
need to talk about one of the things that I missed,
which was such a big deal in twenty twenty five
(29:13):
as far as news sensationalism. Do I think it was
a big deal from an impact to the art to
our economy, No, it absolutely was not. It started maybe
to have a little bit of fact, but I knew
it was going to end before Thanksgiving and it did.
In fact, I even said it would end before Thanksgiving,
(29:37):
and that's the government shut down. So that was another
big thing that happened in twenty twenty five. But here's
why I mentioned it, As we're talking about you know,
what you should be doing to you know, be prepared
and and really take advantage of of what I think
is going to make a lot of money in twenty
(29:58):
twenty six. And that is is that I think there'll
be another government shut down in twenty twenty six. You
heard it here, and that's because all they did was
kick the can down the road when they reopened the government.
They did it with continuing resolution, which they've been doing
(30:19):
for years. They haven't actually balanced a budget or passed
a budget in years. They keep just funding certain parts
of the government through continuing resolution or budgetary trickery versus
actually balancing and passing a complete budget. And here we
(30:42):
are again in twenty twenty six. That continuing resolution just
basically gets us through the end of the year and
into the beginning of next year, and then it's going
to be the same battle and mark words. The news
will make big, big, big issues of it, and the
market will get a little bit concerned, but it'll wait
(31:05):
to see if economically there's any sort of meaningful reduction
in spending, consumer confidence, retail sales numbers, things that you
would think that if hundreds of thousands or millions of
people were out of a job would impact our economy
(31:27):
because the consumption would go down. We didn't see any,
as I said, major impact to consumption in the twenty
twenty five shut down. In fact, GDP was revised up.
You know, retail sales was good. I think retail sales
around this holiday season is going to be fantastic, which
(31:49):
will help be reported and kick off twenty twenty six.
I think fourth quarter earnings, which will be reported obviously
in twenty twenty six starting in January, will also be
another meet or exceed expectations. And I think guidance for
the most part will be revised up by companies, which
(32:10):
will really off the stock market into another good year.
But heed this caution the government shut down. Another big
theme in twenty twenty six is mid term elections. If
the if the House and the Senate goes back to Democrats,
(32:34):
look for a lot of these incredible things that have
put in place that are pro American, pro American business,
pro American prosperity, you know, be kicked out, be impeached
literally military people. They want to impeach, of course, the President.
They want to impeach, Members of Congress, they want to
(32:57):
impeach judges, they want to impeach. It's ridiculous, all baseless,
in no grounds. And the reason why I talked about
that because this isn't a political show. It's an investment show.
Is because it will be the things in twenty twenty
six that could put a damper on twenty twenty six
(33:18):
economy and therefore twenty twenty six prosperity and therefore your
investment results in twenty twenty six barring that. So my
prediction is the house goes to I do think we
have another government shutdown. I think that will mostly have
no effect. Might be a little bit of volatility, you know,
(33:41):
when the shutdown is happening. You know, we're companies, institutions,
People start taking some profits on their stocks. Maybe the
shorts sellers goes up a little bit if that starts
being the case. But however, I think the shutdown will
have no effect because I also think it will be
(34:02):
short lived. One thing that our politicians continue to demonstrate
is they have no stomach and no actual backbone when
it comes to their actual beliefs. Either parties will cave
and then vote for just more debt and deficit, including
the Republicans. And that's where I call myself a conservative
(34:25):
versus a Republican, because Republicans have voted for every big
spending bill just like Democrats. And it's sad, but that's reality.
The reality is, you know, you can't focus on that.
You've got to be prepared for it. And that is
our specialty again as active portfolio managers and investment experts.
(34:52):
We know how these policies, whether it's monetary policy. Because
we just had Jerome Powell come out with a twenty
five basis point cut blast Meeting of the Year, which
again is a is a nothing burger. Everybody expected it.
I expected it. I expected it to do nothing. It
(35:14):
did nothing. That is another that leads me to another
big theme to look for in twenty twenty six. Who
does Trump appoint for the new and open FED chairman
position and is that person pro growth? Pro growth should
(35:37):
be the mantra of the Federal Reserve Board, in the FOMC,
the Federal Open Market Committee, not you know, anti inflation
or full employment. If you focus on inflation and you
focus on trying to stop inflation by trying to kill growth,
(36:00):
then kill jobs. It's just ridiculous. But yet that's the mantra.
That mantra needs to change. So hopefully in twenty twenty six,
the new FED chairman for the open position in May
of twenty twenty six, will be pro growth. Productivity is
(36:21):
what and growth and the dollar value is what leads
to no inflation or high inflation. By continuing to kill
the value of the dollar through debt and deficit, that
is why we had high inflation. It's the borrowing, it's
(36:41):
the spending money that we don't have that makes dollars,
you know, not as reliable and not as valuable, which
is why then you have increase in prices, because the
real root cause of inflation is a lower dollar value,
which takes more dollars to buy the same thing. So
(37:02):
the way you get rid of inflation is making your
dollars worth more. And if your dollars are worth more,
it takes less dollars to buy the same thing, and
prices therefore are less because it takes less dollars. So
this this thing that you got to be afraid of
growth as a central banker is ridiculous. If we tackled
(37:28):
our debt and deficits, if we balanced our budget, the
dollar value would go highest levels against all the major
currencies of the world, and our inflation would be non existent.
Employment would go through the roof because profitability for companies
(37:51):
would go through the roof, So they would hire, they
would add, they would buy, you know, equipment, they would
invest in real estate, so on a and so forth,
and so focusing on growth, focusing on debt and deficits
will increase the value of the dollar, which will cut
(38:13):
out inflation and make our economy prosperous. The reason why
you saw gold go through the roof is because dollars,
you know, became less valuable, and so as a safety precaution,
you know, people countries started stockpiling more gold, and simple
(38:35):
supply and demand perspective. If demand for gold goes way
up because dollars for demand for dollars is way down,
inflation goes up, and gold, you know, goes through the roof.
And that's what happened. That's what happened in twenty twenty five.
That's what happened or could be fixed in twenty twenty six.
(38:58):
So to rect what you do now in twenty twenty
five is important to what type of year you'll have
in twenty twenty six. If you don't have a plan,
get one. If you have a plan but just did
it checked it off, check that box off. Revise it.
(39:24):
More importantly, call the wise money guys. John scambray into
Sepiviskani for a no obligation consultation. We'll do a financial
plan for you with no obligation. We'll send you the questionnaire.
We'll spend the time with you to show you you
know whether or not you're on track. Where areas of
(39:44):
opportunities are you know? Are you properly diversified? Have you
fully plan for what risks? Like as a throat at you,
have you fully created a plan to accomplish your goals.
Maybe it's to relocate, Maybe it's to retire if you
haven't retired already. Maybe it's a major purchase. Maybe it's
(40:07):
just to create the biggest legacy you can for your heirs.
Whatever the case may be, success in twenty twenty six,
it will be so important to have a plan, an ongoing, living, breathing,
changing roadmap to make sure you're always on track for
your goals and objectives. And we are offering that free
(40:30):
of charge by calling nine to one six ninety six
seven thirty five hundred twenty twenty six. I believe is
going to be a good year, but I think it
will be a volatile year, just like twenty twenty five.
Don't forget in twenty twenty five, in April and May,
(40:51):
we had a double digit krash, not a correction. A
correction is ten percent or more in any of the
major indices. A crash is twenty percent or more. And
both the S and P and the Nasdaq were down,
not down from its highs, down not from its all
(41:12):
time highs, but down for the year more than twenty percent.
So we had a crash in twenty twenty five that
people quickly forgot about because the year was so good.
We also had a correction in November of twenty twenty five.
So I expect most of the more of the same
(41:32):
because I think some of those themes that cause those things,
which were trade policy, which were the government shut down,
which were some of the geopolitical things, the war in
Iran and I shouldn't say the war, the war in
Israel and Palestine which involved Iran, the war in Eastern
(41:58):
Europe with Russia in Ukraine. Those ongoing themes trade policy,
government shut down, budget issues, geopolitical things are all still
on the horizon for twenty twenty six. But economically, the
Big Beautiful Bill has set us up and trade policy
(42:20):
has set us up for a fantastic year in twenty
twenty six. But it won't be easy. It won't be easy,
and I highly recommend that if you want to make
great money with the least amount of risk possible, you
call the Wise Money Guys at nine one six ninety
six seven thirty five hundred. Well, I hope you enjoyed
(42:43):
the show as always, have a wonderful Saturday, and we'll
talk to you next week. By all,
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