June 19, 2025 • 43 mins
We have partnered with an investment platform that opens up technology and team members to take your retirement portfolios futher. Host John and Giusesspe are excited to explain in this episode. Plus, the EV Mandate shootdown, Steady Inflation vs Tariffs, and Diversification in your investment plans. The Wise Money Guys!
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Episode Transcript
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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 O seven eight. For disclosures and more information,
visit our website one source WM dot com.
Speaker 2 (00:13):
Welcome to the Wise Money Guys radio Show. I'm your
co host John Scamber and I'm sitting here with my
partner Jusepa Wisconsin. And we are certified portfolio Managers, which
means we're investment experts that help people who are retired
or about to retire manage their money. If you like
our show and want to come in for a no
obligation consultation, or quite frankly, just have questions, give us
(00:34):
a call at nine one six nine six seven thirty
five hundred, or you can email us anytime at John
or Giuseppe at one SOURCEWM dot com. That's John at
one SOURCEWM dot com or Giuseppe at one source WM
dot com.
Speaker 3 (00:52):
Yeah, you spill my name.
Speaker 2 (00:56):
That is g I U S E P P E
at one the source WM dot com. For more information,
you can also visit our website Whysmoneyguys dot com and
once again, our phone number is nine one six nine
six seven thirty five hundred. Oh by the way, we
always offer a no obligation consultation, especially to any retired veterans,
(01:26):
retired police, sheriff, fire nurses, or or ones that are
about to retire. In fact, we have many all the heroes. Really,
we've got all the heroes as clients. So we certainly
want to give back, and the way we can do
that is with a no obligation consultation. Plus we'll do
(01:46):
a free retirement plan for you. So if you're retired
or about to retire from the military or from law
enforcement of any kind, or from the medical community you know, doctor, nurse,
so on and so forth. We absolutely enjoy helping people
(02:09):
like you who have done so much for us. We
want to give back, and that's probably why we have
so many of those types of clients. And of course
all patriots welcome. So all right, let's get onto the
show some stuff.
Speaker 3 (02:26):
This is our first official week partnered with Farther.
Speaker 2 (02:30):
Oh god, great, I'm glad you mentioned that. Go ahead.
Speaker 3 (02:33):
Sure, we've been talking.
Speaker 4 (02:34):
About that, you know, for the past few weeks coming up,
but now we are officially partnered with Farther and moving
forward with that. So again, essentially what that means is
just adding a lot more tools to our toolbox and
we are now truly multi custodians. So our main platform
that we use before and we're still using is Schwab.
(02:54):
Also have interactive brokers, but now we have access to Fidelity, Goldman, Sachs, Persia.
So it doesn't really matter where you're at the main
players out there as far as where the brokerage firms
are and typically where clients accounts are at. We have
access not only to all those different platforms. It just
makes it easier as it a one stop shop because
(03:15):
now we have clients that have maybe an account of
brokerage account a maybe say Fidelity, Schwab, they have some
other things out there, and then now we can create
a dashboard where you can they just click on.
Speaker 2 (03:26):
And show all the face.
Speaker 4 (03:28):
Yeah, show a dashboard with all their assets and balance
sheet instead of logging into Schwab, logging into Fidelity, logging
into you know, ABC firm and we.
Speaker 3 (03:38):
Can we can show them on a dashboard. Makes it
just simplifies it.
Speaker 2 (03:41):
Yeah, So really I needed to say the Wise Money
Guys radio show brought to you or sponsored by One
Source Wealth Management, powered by Farther. That's our new official name,
and as Desseppi was saying, the great part about that
and what that really means to have that single sign
on multi stodial capability is you don't need to move
(04:04):
your account to hire us and try us. So if
you've kind of been, you know, on the fence about
doing a consultation or potentially working with a new money
management professional like Giuseppe and I, now you can do
it probably without having to repaper your account, you know,
(04:27):
from any one of those firms that Jousseppi just mentioned.
So the two that we find the most in this
area is our retired clients or our other clients typically
have a Fidelity or Charles Schwab already. So that's some
really good news. And the other thing is is that
(04:47):
that what you were mentioning that is so powerful because
we almost find always that people have multiple firms because
especially in the in the retirement side. So you worked
from for some major employer, you had Fidelity net benefits.
Now you know one of your options is to roll
(05:09):
from your Fidelity Net benefits to a Fidelity rollover IRA,
which we can do for you. That is very easy.
Also if you're at a retirement, if you're at a
company that again has fidelity. One of the things that
we've done with many clients is you can go to
(05:31):
the self directed four oh one K portion or four
oh three BOR, or whatever the case may be, whatever
type of planet is that you have at work, and
we can manage and help you with those assets that way,
even though you haven't separated service from your employer, but
you already have fidelity, a Fidelity four oh one K
(05:56):
or a Fidelity four oh three B through your current employer.
It doesn't stop that the matching contributions, it doesn't stop
your payroll contributions.
Speaker 4 (06:06):
But it opens the doors to a lot of other
a lot of other investments, and you can better customize
a portfolio, oh with rather than just the suite the
suite of you know, typical mutual fifteen twenty different mutual
funds and ETFs that you can only choose from within
your four to one K plan.
Speaker 3 (06:22):
It just opens the door.
Speaker 4 (06:23):
So if you have a mass you know a good
amount of money in your four to one K, where
now you can actually build your own custom portfolio with
individual securities, some individual bonds, maybe some other investments that
are definitely not going to be offered within your four
to one K. That's really where the benefit that we
see in the value that we bring when it comes
(06:45):
to a setup like that.
Speaker 2 (06:46):
Yeah, no doubt about it. So some interesting things going
on this morning in the news, especially the financial and
economic news that we are very in tune too. And
the biggest thing was this this lastime, I don't know
if it was Thursday or Friday, but Trump signing into law,
(07:06):
not executive order, but Trump was signing into law no
more EV mandates. And that's gigantic for the automotive industry
for confidence in building you know, more manufacturing capabil ability
of automobiles here in the States, as well as has
(07:29):
big time implications for the oil and gas industry. So
you know, California being the number one consumer of electric
vehicles where I forget the exact time frame, but it
was going to be like twenty thirty five or twenty
thirty two or twenty thirty maybe you could call us
(07:50):
where you were going they were going to ban get well,
they made it officially a law that you cannot do
that you cannot you know, if you're a part of
the US ban what type of car somebody can buy
and so.
Speaker 4 (08:10):
And that's just that's just if you look back in
time and any type of that government heavily government influenced,
you know, trying to steer the free market one direction
or the other.
Speaker 3 (08:21):
It doesn't work. It doesn't work.
Speaker 2 (08:23):
And so the reason why we talk about these things
is because we're here to help you increase your assets,
grow your assets, increase your income, and at the same
time hopefully d risk your portfolio. So if you're out
there and you're thinking, man, yes, I agree with John
(08:45):
and GISSEPPI, I know what those do to insurance and
have done to health insurance, and what was doing two automobiles,
so on and so forth, and it's gonna, you know,
make everything that I do and love to do cost
me way more.
Speaker 3 (08:58):
It all has gone up.
Speaker 2 (08:59):
Yeah, right, We're absolutely here to help you, you know,
stay ahead of that game. And you'll want to give
us a call. At nine one six nine six seven
thirty five hundred, we were diving in a little bit too.
What has gone on last week with with with the markets,
more importantly with politics and how it's affecting the economy,
(09:24):
and none of it that No news is bigger news
than two things, the actually three things, The great big
beautiful bill that has passed past the House and it's
now at the Senate, and that Trump this this this
week was saying, you know, they're trying to get that
(09:44):
signed into law, through all the deliberations and the markups
and the changes, and signed into law by July fourth.
And then the other, of course, is the tariffs going
on with China and supposedly, and I know they've said
this a lot, whether it was Howard or Bessent or Trump,
(10:07):
that a deal is done and it's incredibly more more
in the US's favorable as they do for us than
anything in our past fifty overall. Yep, especially when it
comes to you know, opening up China for you know,
(10:28):
more of our products reaching their shores.
Speaker 4 (10:31):
Also, then well, their economy has been been hit handled us,
and then we're and we're seeing some of the effects
and impacts from just the initial tariff back and forth
and retaliatory. It's been impacted them quite a bit. And
they've already been impacted prior to Trump being in office
because they were having a lot of trouble with the
(10:51):
real estate market, which still hasn't you know, rebounded exactly.
Speaker 3 (10:56):
So they're there.
Speaker 2 (10:58):
And probably won't because I don't think even with a
tariff deal with China, one that hopefully China, Jijingping and
the CCP will abide to you know, And of course
you can't trust them. I mean, it's not like they're
are ally or friend. They are our enemy, everybody says,
(11:19):
and I'm not talking to Chinese people as a whole,
but if you look at the Communist Party, you can't
trust the Chinese Communist parties. So even if they sign
this thing, I think sentimentally, you know, we're still going
to be on the same path of wanting to reduce,
you know, our dependence on China. The world is on
that path of trying to reduce dependence on China because of.
Speaker 4 (11:42):
Well should you should only have dependence on yourself? And
then with allied countries, Yeah, it doesn't make sense to
have it with countries that are non allies, and especially
adversarial countries, especially since.
Speaker 2 (11:54):
Non allied adversarial covenant communist countries that have the worst
humanity track record going on right now of murdering and killing.
You know, anybody who dissents against the Communist Party or
is religious, I mean, you can't be religious in communist China.
(12:17):
I mean, they're wiping out all of those Ugurs, which
is a the wigers the ugurs.
Speaker 3 (12:24):
How do you say it. I'm not even sure some
of you. I'm not even going to attempt.
Speaker 2 (12:28):
It's a strange spelling. But it's a Islamic type of
religion of religion, and they've been wiping them out and
it's it's credible, incredible by like hundreds a day, tens
of thousands over the last few years. But we're getting
(12:48):
off on a tangent. The point is is that I
think a deal is and I believe them that they're
inching it again. Whether or not the Chinese Communist Party,
you know, is trustworthy and sticks to it, I doubt
it highly.
Speaker 4 (13:02):
But you don't want I think the I think the
key also is to take that information, but to be
smart about it. You don't want to take that information
and just say great, I'm going all in, super aggressive, right,
and then from there you can, you know, just be
all into the growth stocks doesn't really make sense.
Speaker 2 (13:22):
That's a great point to set because it can It.
Speaker 4 (13:23):
Could easily reverse, It could easily go back for a
tip for tat. You know, escalation can arise within the
whole tarriff situation, and then you know, we can be
in a situation where we have a pullback again.
Speaker 2 (13:35):
And in strategy wise, which is what we typically go
into after you know, dissecting some of the things going
on in the news. Is here we've got to be
cautious again. We're at we're at stock levels that are
almost back to their all time highs, and they're out
over their skis many of the tech companies, I mean,
(13:57):
take Microsoft for example, we're involved time highs, you know,
taking video not quite as all time back to highs,
and when we start seeing the average earnings multiple of
the S and P getting into those twenties, we've had five, ten, fifteen,
twenty percent corrections and crashes from there. So again, this
(14:20):
isn't a time for you to be cocky, especially if
you're managing your own money or get overly greedy and
start just dumping into all stocks because you think that
you know all headwinds the roads, the road is clear,
all headwinds have gone. This is now when you need
to be working with professionals like us even more so
(14:44):
to make sure you're properly diversified, to make sure you're
not overlapping you know your efforts by the types of
investments you own in your retirement versus the types of
investments you might own in your individual account or your
trust account, or the types of investment you might own
through your work retirement plan. This is the time where
(15:05):
real diversification or rebalancing.
Speaker 4 (15:09):
Maybe maybe you had a portfolio you didn't do anything.
You just rode the roller coaster ride went up to
highs in February nineteenth and March and April came crashing
down depending on the stocks of the indices that you were,
and you saw your account values, and now they've come
back up. Here's your opportunity where you can rebalance your portfolio.
(15:32):
Maybe it wasn't diversified, maybe it wasn't appropriate allocated to
align with your goals and your risk tolerance, and now
could be the time where you actually do that. So
when we do have some other pullback or shift in
the markets or the economy, you're going to be better
well prepared in your portfolio is going to be allocated
as such, or you can right through the wave.
Speaker 3 (15:54):
You're not doing this big roller coast ride. It's going
to be much smooth ride.
Speaker 2 (15:57):
Yeah, exactly right. So that with with some of the
things that you know are now more hopefully tailwinds, like
the lowering of you know, some of the year over
year price increases. We saw CPI be less sure less
than expected, still an increase in prices that's slight at
(16:20):
only one tenth of one percent on a year over
year basis, but much better. And here again you look
at oh my god, the tariffs and all this stuff.
We're supposed to absolutely crash the economy because hyper inflation
was coming back and it just didn't happen, and it's
(16:40):
not going to happen in our opinion. Again, we're looking
at the data, but we're not listening to the narrative
of what's in mainstream media. I mean, mainstream media will
have you believe that the that the riots in Los
Angeles are are you know, peaceful, and it's and it's.
Speaker 4 (16:59):
Just depends on what side. But typically the news is
more fear mongering than anything else.
Speaker 2 (17:03):
Because that's what sells news. Let's and and it's the
same for investments or or or or politics or whatever
it is. Uh So, all of this to me adds
up to, you know, having a properly diversified portfolio. Does
it mean that if you have a diversified portfolio and
you've rebalanced it that you're automatically going to be hit
(17:26):
with taxes. We look at strategies and ways to not
just hit you with a big tax bill should you
have things that have gone up quite a bit, you know.
Also we also look for ways that we help people
increase their dividends and interest rates, you know, to combat
(17:46):
the things we were talking about just moments ago, where
you know, the cost of insurance, the cost of food,
the cost of healthcare, the cost of just about everything.
Speaker 3 (17:58):
And healthcare. Health care is huge. Healthcare is I don't
remember how much it's been.
Speaker 4 (18:02):
I mean, it's a big part of the financial planning
conversation now, especially if people are trying to retire prior
to Medicare age, where I don't I don't really remember
this being as big of a conversation back then, right
running and running financial planning. It was more of a
conversation of what happens in retirement later on, and maybe
your medical expenses increase because of some ailment right or
(18:27):
disease or what have you, or you need long term care.
But now it's you want to retire at sixty two
versus sixty five, well you've got to factor in and
depending on your current health health state, you know, you
got to factor in. It could be another two three
thousand dollars a month that you've got to factor in.
Speaker 2 (18:44):
For three years exactly.
Speaker 3 (18:46):
Yeah, which is which could be huge.
Speaker 2 (18:47):
No, it's a great point and the way, the simplest
way to handle, you know, the the rising cost of everything,
especially somebody's health care costs. And as Joseppi said, if
you want to retire at sixty two and go on
sol security, but a good portion of that is going
(19:08):
to go towards you know, your private insurance till you
get to Medicare age at sixty five, Well then it's
about you know, what do you have, what have you
accumulated in your retirement investments, and that if we're getting
you a six, seven, eight, nine, ten percent you know
rate of return, you know, will that be the amount
(19:29):
of money that you need that offsets that additional cost.
And that's some of the simplest examples of analysis that
we do is we look at, okay, what are the
income sources you're going to have coming in when you're retired,
what are the assets that you have, and what is
your projected expenses to be, you know, and your taxes
(19:51):
to be during retirement, and then if there's a shortfall,
we give you the options of, you know, what it
is you could do to make up that shortfall and
never run out of money during retirement, and hopefully we
uncover that that is the ability that you have through planning,
through proper asset management and portfolio diversification. We are the
(20:16):
right choice to helping you accomplish those things. So give
us a call at nine one six nine six seven
thirty five hundred. Okay, you're listening to the wise money guys.
John Scambran. I'm here with my partner Ja Wisconsin, and
we were diving into the weeds a little bit there
with you know, some of the tensions and tariffs and
(20:37):
battles going on with our adversary, the CCP, the Chinese
Communist Party. But again, all of this is relevant to
you know, what you should be doing with your portfolio,
what you should be doing with your investment selection, what
your advisor should be doing, or your agent should be doing,
(20:57):
and if they're not, or if you don't feel like
they are, you know, give us a call for a
second opinion. It doesn't cost you anything. I can guarantee
you it'll be a good use of your time, and
that more than likely we're going to show you something
you didn't know within your own portfolio, like maybe what
it's actually costing you. And lastly, on this subject real
(21:23):
quick is before you ever ever buy an annuity or
get suckered into an annuity, I should say, and I've
heard these commercials recently, give us a call if you have,
you know, more than five hundred thousand or a million,
and we can get you a guaranteed minimum income of seven, eight, nine,
(21:47):
ten percent. What they don't tell you in those commercials,
by the way, is that there's a high administrative cost
and there's a cost to having that insurance guarantee. On thenity,
they also don't tell you that once you set that
minimum income level, so let's say it's seven percent, and
(22:08):
you have a half a million dollars, so you're going
to take out thirty five thousand dollars a year, it's
not until the five hundred thousand dollars is potentially gone
your own money, of your own money till that guaranteed
minimum income benefit kicks in, and often it never kicks
(22:28):
in and it's just a boon doggle for the insurance
company to make money. It's also just a boon doggle
for the agents. And I'm trying to be nice. Who
suckered you into the annuity to make a ridiculous commission
up front on your money? So before you do anything,
(22:52):
give us a call and we'll give you a second opinion,
and we'll try to first and foremost just educate you
on what you really have and what it really costs you,
and how we can improve upon what you're already doing.
Speaker 4 (23:09):
I think you bring up a good point because in
this industry, you know you can easily work for a
company and that that company may have representative, you know,
their very own products, whether it be annuities, insurance, maybe
their own mutual funds, so on and so forth.
Speaker 3 (23:28):
So you know, when you're working with a.
Speaker 4 (23:31):
Financial advisor, portfolio manager, anybody dealing with you know the
responsibility of managing your assets in your best interest to
take you from point A to point B, you know,
to help you attain the goals of financial goals that
you want and need. Really, the best way to go
about it is to go with an institution or an
(23:53):
individual or team or whatever that has a truly unbiased
approach and has a lot of choice, meaning you're not
having to pick from a narrow menu of options, right
or they're restricted from being able to get into investment
X or investment Y or what have you, because maybe
it's another company that's a competitor, so on and so forth.
(24:17):
And that's why we're so excited with the position that
we're in being our own firm and having we already
had a couple custodians, but now we're just layering on
top of that, you know, Fidelity and gold Min Sacks
and these other names that we've mentioned earlier, because that
is really truly being unbiased. It doesn't matter to us
(24:38):
if Fidelity ends up being the best platform based off
of your goals or Schwab or Goldman Sacks or what
have you. And then within those platforms, there's so many
different options. But there are some options that Fidelity may
have access to certain investments that or maybe some of
their own proprietary that Schwab doesn't, and vice versa. But
now you really just have the world and that's where
(25:00):
somebody can truly come to you and have an approach
that's really best in your interest number one and number two,
we're not getting kickbacks, right, because a lot of times
some of these companies will say, well, oh, if you
put you know, you know, of your client's money into
(25:21):
this type of product or this type of you know,
an investment solution, then you're going to get bonused out
or you're gonna get this or that.
Speaker 3 (25:29):
Yeah, we don't get anything that.
Speaker 2 (25:31):
I want to delve into that a little bit more
because there's a lot of that and just circling back
a little bit onto the annuity thing. The other thing
that completely just I can't even believe you can get
away with it is to say that you're a fiduciary
and you have a fiduciary firm on one side, and
(25:52):
then on the other side, on the other side of
your mouth, you turn around and put somebody in a
commission based product. I just just that you do exactly.
So let me be very clear, we are one hundred
percent fiduciaries. We don't put anybody into a commission product.
And that is the only way you're getting true unbiased
(26:17):
advice and counsel console counsel is to not work with
somebody who gets paid a kickback or a commission or
whatever the case may be.
Speaker 4 (26:30):
For particular branded product to get steered one way.
Speaker 2 (26:35):
Or the other exactly right. So again for a second opinion,
for a no obligation consultation, especially if you're a if
you're a safety worker, a medical worker, a law enforcement worker.
We love helping, even if it's just giving advice. We
want to help you be on the right path, stay
(26:58):
on the right path for the rest of your life,
and give us a call at nine one six ninety six,
seven thirty five hundred some other interesting stuff just before
we you know, switch to talking about the second half
of this year and what we're projecting or or what
we think is going to happen. Is you know, these
(27:23):
tariffs we've had. I'm looking at your data here that
you wrote up in your in your summary, and two
hundred and seventy three billion collected as of May. I
mean that is that's huge revenue, and that receipts and
(27:44):
I'm assuming this is this is tax receipts reached five
point one trillion, right, I mean that's a record.
Speaker 5 (27:54):
So so you'll have to do look at uh you
look at the different economists that most you know economists,
uh far follow and there's ones that will be One
side of the coin is okay.
Speaker 2 (28:12):
You you you you, you spend your way, you tax
and spend your way government wise to create you know,
demand in an economy. And then the other side is, right,
you lower tax revenue and stimulate you know, consumption to
(28:33):
increase you know, receipts and revenue uh to to to
the government. And clearly it's been proven over and over
again that if you actually put more money in the
pockets of people in the in the pockets of businesses
and business owners.
Speaker 4 (28:54):
Not way of through government and stimulus measures, oh yeah,
not money put and.
Speaker 2 (29:00):
Not creating more debt and deficits, but giving the consumer opportunity,
the opportunity by letting them keep more of what they
make or generate, actually grows the economy more and actually
grows record receipts to the federal government. And so I
can't I just can't fathom that we have this debate
(29:25):
every new administration, every new session of Congress, over and
over again, and that there's even two sides that there's
just you know, there's there's black and there's white. There
isn't there is only the one way that financially makes
sense for all of us, and that is to lower regulation,
(29:46):
to lower taxation, to put more money into the pockets
of Americans again Americans being the key word small businesses.
I mean, that's that's the lifeblood. Yeah, that's what America
and our country will be and and always has been
second to none for prosperity and opportunity.
Speaker 3 (30:07):
So if a second to none, is that first place?
Speaker 2 (30:11):
Yes, yes, well if you're either first or your last.
Oh do you know where that came from? You're either
first or Talladega Knights and Will Ferrow, I forget what
his character's named, Dad was, You know that he always
went by and he and he was tormented by it,
that you're either.
Speaker 3 (30:30):
First or your last.
Speaker 2 (30:32):
And quite frankly, that's very true of you know, this race.
We're in to stay the world's you know, superpower in
the world's authority on finance and economics and banking and
and and strength and might. We have to have the
(30:53):
strongest country in the world. We have to have you know,
peace through strength. Otherwise, as you know, look at the
death and dismay that just all these these you know,
non Americans, these non citizens are trying to do, you know,
(31:14):
here and around the world. I mean, look at the
two UH Israeli staffers that were killed by those by
that that gunman just because you know, they believe in Christianity.
I mean, we have to remain the most prosperous, that
the strongest country in the world for the safety and
(31:35):
prosperity of the world. And we want to do and
are doing our one little part by helping our clients,
you know, make and grow as much money as they can,
you know, in their lifetime. So yeah, we've we were
we were getting into the weeds a little bit on
some of the current events and some of the economic
(31:57):
things and some of the political things going on.
Speaker 4 (32:00):
But I feel like we've dove into the weeds a lot.
This radio show will like a weed whacker.
Speaker 2 (32:06):
If we do need a weed whacker. But reality is
all these things and the reason why we talk about
them because they're so important on how they affect our
future and how they affect our future for remaining and
or or getting you know, wealthy, and protecting and keeping
that wealth and more importantly being able to pass it
(32:29):
on to whatever is important to us, our family, our.
Speaker 3 (32:33):
Future generations right to make sure that they succeed.
Speaker 2 (32:35):
Yep.
Speaker 4 (32:36):
Because if they don't succeed. I mean, that's what that's
what we're building this for exactly right. But you know,
I think he also made another a point. Maybe they
make a point, but just the remark of, you know,
diving into the weeds, and I think a lot of
people get you know, carried away with looking at the
portfolio and looking into the weeds first. Really the approach
(32:56):
you know, that we take and what everyone should take
when you're when you're thinking of here's some of the
important things for me and my family to attain these
financial goals is to take a thirty thousand foot view
right and get a macro picture and not dive into
the weeds at first. And we do that by way
of putting together a financial plan. And if you haven't
(33:17):
had a financial plan done, or maybe you did and
it's been a long time and you haven't reviewed it
and want to see, like are you on track?
Speaker 3 (33:23):
Are you not on track?
Speaker 4 (33:25):
You know what if things escalate again and there's a
market pullback like we had, you know a few months ago,
does that put you off track?
Speaker 3 (33:34):
Do you need to be rebalanced? Are you taking on
too much risk?
Speaker 2 (33:37):
You know?
Speaker 4 (33:37):
Do you need to take on more risk depending on
what your financial goals are. Have you factored in inflation,
have you factored in you know, medical expenses, if you're
going to retire earlier than sixty five. All these little
things that we've talked about diving into the weeds, those
are all important, but it doesn't mean much if you
don't have a plan and a roadmap to give you
idea and a perspective of how are you going to
get from point A to point B. Once you have that,
(34:00):
then you have a framework and foundation to work off
of to then dive into the weeds to say, okay,
here are the different you know, types of investments and
things that we can focus on. Or I don't have
my portfolio, or I need more diversification, and what are
some of the things I need to add or take
away or subtract from my portfolio or assets overall to
(34:21):
get you at a higher probability of success, to get
you from point A to point view.
Speaker 2 (34:25):
And so to give an example, first of all, before
you give an example and we talk a little bit
about this particular category and a particular investment that we
like right now, that's very timely if there is a
pullback and protecting some of that downside, and we're not
talking about an annuity. But the reality is is that
(34:49):
when we talk about anything on this show, and when
we manage money and manage people's portfolios, we're only talking
about a piece, and we usually use is a five
percent rule. Now we could rebalance, you know, we could
see that position grow to ten percent of the portfolio,
and if it does, that might be a reason to rebalance,
(35:11):
or it's something that's more conservative that we might put
in a little bit more than five percent, uh, you
know than we normally would because it has guarantees and
so on and so forth. So whatever the case may be,
just keep in mind that when we're talking about any
specific investment or a specific type of investment like Giuseppe
is going to tell us about right now, it would
(35:34):
only be and should only be a piece and a
small piece of your overall asset allocation.
Speaker 4 (35:41):
So what I'm alluding to, there is no guarantee and
if it blows up. The reason why the five percent
rule is because if it blows up, if it doesn't
pan out the way we anticipate for it to pan out,
because anything could happen. Right, nobody's got a crystal ball.
It's not going to derail your whole portfolio, derail your
overall financial plan.
Speaker 2 (36:00):
Just real quickly, and I'm going to get off on
a little tangent before we talk about this particular investment.
Is you know, if you work for Apple or AT
and T or PG and E or Kaiser or Microsoft
or Google, any one of the big companies out there
where you've amassed a lot of shares of that particular
(36:22):
company and it's embedded with with a lot of gains
in it to where you can't or don't want to
get out of it because of what it would do
to your tax your income tax situation, then you absolutely
want to give us a call because my expertise goes
back decades as far as coloring you know, large stock positions,
(36:45):
which just means protecting the downside with options and then
writing options on the upside to create an income stream
that you wouldn't otherwise get, you know, from that particular
investment on its own, and just real quickly, So if
(37:05):
you have Apple or Google or any of these big
tech names where you might have five hundred thousand or
two hundred and fifty thousand, or a million or two
million or whatever, the case may be in just that
one particular stock. Give us a call at nine one
six nine six seven thirty five hundred, so we can
show you how to get a substantial in potential income
(37:28):
from that position and protect the downside at the same time,
which is called a caller anyway, but go into a
little bit about this this note. Yeah, not the caller
on your shirt, Josette. Oh, and that reminds me. You
can watch us on if you want to see this, uh,
this podcast, this radio show. You can find us at
(37:51):
YouTube by searching Wise Money Guys. And so anyway, where
I was going? Where was I going? Oh?
Speaker 4 (38:00):
Well they talk about the taxable Yeah, so for people
who have taxable accounts, Real.
Speaker 2 (38:05):
Quickly has downside protection or or or a buffer as
well as levers gives you the opportunity for tremendous upside growthea.
Speaker 4 (38:18):
So for for you know this, this would be suited
for you know, from sommer our clients.
Speaker 3 (38:24):
I don't know if it's suited for you. You have to,
you know, depending.
Speaker 2 (38:26):
On your risk tolerance and come in for a obligation
consultation depending on your risk tolerance, time horizons, so on
and so forth.
Speaker 4 (38:32):
But these are unique, especially with some of these uncertain
times that we're dealing with, but to still capture some
of the upside, right, A lot of people will say,
why don't I just put money in an S and
P five hundred fund or a NAZNAK fund that just
tracks the NAZAC or the S and P five hundred
and let it ride.
Speaker 2 (38:50):
But you wouldn't want to do now when they're close
to their record highs.
Speaker 4 (38:53):
I guess right, and record highs beget more record highs,
and so we think that there's going to continue to
be growth in the market. And if we hit record
highs doesn't mean that that's the ceiling and that's as
high as we go. It's going to continue on. It's
not going to be a smooth ride, obviously, But with
taxable accounts, the the the trick or the strategy is,
(39:14):
especially if you know you're in a higher income tax bracket,
you want to take advantage of more growth. Easy easy
way to do it, or easier way to do it
with with a little bit of more peace of mind
is we have access to some custom structured investments.
Speaker 3 (39:30):
We've talked about some in the past.
Speaker 4 (39:33):
More of what we talked about in the past is
more focused on income where direct where it develops or
not develops, but it puts out a monthly income stream,
which most of our clients being in the retirement it
makes sense for them. But if you're not, and you're
more still in the accumulation phase where you have assets
that you don't need to pull from. This particular instrument
(39:56):
which we have it's going to be trading next week,
is from big issuer, big investment bank.
Speaker 3 (40:02):
But what it is is three years, it's tied to three.
Speaker 4 (40:05):
Indices Russell two thousand, NASDAC and Dow Jones. The unique
thing about it is it gives you the opportunity to
earn three times. Right, it's leveraged by three hundred percent
to the upside. So whatever those indices do in the
next three years from start to finish wherever they finish at,
(40:27):
the opportunity is that the worst performer of those three
they take that number. So let's just say, for example,
the Rustle two thousand, Let's say it's a worst performer
and over the next three years it performed at twenty percent. Okay,
that twenty percent times three, that would be your upside return.
Now on the downside, fifty right. Is that what twenty
(40:49):
times three?
Speaker 2 (40:49):
Well, just making sure because a lot of times, you know,
listening is harder to where is it.
Speaker 4 (40:54):
Whereas if you had the index tracking the Wrussell two thousand,
you would only really be a twenty percent right cumulative
over those three years. But the nice thing is on
the downside, it has a thirty percent barrier. So let's
say in the next three years on maturity date three
years from now, let's say there was performer, we'll just
use Russell two thousand again is down twenty percent. Well,
(41:17):
because it's not down thirty percent or more, you get
your principal back. So whatever principle you put in, it
gives your principle back, gives you that peace of mind.
Speaker 2 (41:26):
And again you don't have that guarantee in a mutual
fund or a stock on its own. And when I
say guarantee that guaranteed buffer, it's it's that doesn't guarantee
you what amount you're gonna end up with, but you're
guaranteed by the assuer that as long as you're either
up a certain amount or not down over a certain amount,
(41:49):
you'll either get back your principal or three times whatever
that return is, which you'll get both.
Speaker 3 (41:56):
Yeah, so you'll get you you'll get.
Speaker 2 (41:57):
Well, course is going to get your principle, yeah, plus
the return.
Speaker 3 (42:01):
But what makes it favorable for taxes is because it's
long term cap gains.
Speaker 4 (42:06):
It has a one year call. This particular one that
we're talking about has a one year call, and what
that means is after one year, the issuer has the
availability where they can call it basically matured out early
one time only, and if they do, they pay out
fifteen percent. Now if not, and they go through maturity
three years out, then you can get the potential for
(42:28):
the three times.
Speaker 2 (42:28):
Just speaking to taxes and talking about income and how
it MIGHTCT infect affect your capital gains or income taxes.
A lot of the investments that we do do again
that are a piece of one's portfolio, they're qualified dividend
income where you know they're only taxed at fifteen percent
(42:51):
so versus being taxed at ordinary income. But again, all
of those things we analyze, all of those things. We
look at your portfoli. You know, we give you suggestions
and then if we think that we're a good fit,
meaning you're you think we're a good fit, and we
think you're a good fit, then maybe you decide to
hire us. And hiring us now being one source wealth
(43:14):
management powered by farther is even easier because it probably
doesn't even involve having to switch, you know, brokerage accounts
from one to the other. So for that no obligation consultation,
give us a call at nine one six ninety six
seven thirty five hundred. Hope you enjoyed listening to the
wise money guys, John Scambray and Joseppe Vescani. Have a great,
(43:37):
beautiful Saturday and talk to you next week.
Speaker 3 (43:40):
Great weekend, talk to you next week.
The Wise Money Guys Radio Show is brought to you
by One Source of Wealth Management SEC Licensed three one
nine zero O seven eight. For disclosures and more information,
visit our website one source WM dot com.
Speaker 2 (00:13):
Welcome to the Wise Money Guys radio Show. I'm your
co host John Scamber and I'm sitting here with my
partner Jusepa Wisconsin. And we are certified portfolio Managers, which
means we're investment experts that help people who are retired
or about to retire manage their money. If you like
our show and want to come in for a no
obligation consultation, or quite frankly, just have questions, give us
(00:34):
a call at nine one six nine six seven thirty
five hundred, or you can email us anytime at John
or Giuseppe at one SOURCEWM dot com. That's John at
one SOURCEWM dot com or Giuseppe at one source WM
dot com.
Speaker 3 (00:52):
Yeah, you spill my name.
Speaker 2 (00:56):
That is g I U S E P P E
at one the source WM dot com. For more information,
you can also visit our website Whysmoneyguys dot com and
once again, our phone number is nine one six nine
six seven thirty five hundred. Oh by the way, we
always offer a no obligation consultation, especially to any retired veterans,
(01:26):
retired police, sheriff, fire nurses, or or ones that are
about to retire. In fact, we have many all the heroes. Really,
we've got all the heroes as clients. So we certainly
want to give back, and the way we can do
that is with a no obligation consultation. Plus we'll do
(01:46):
a free retirement plan for you. So if you're retired
or about to retire from the military or from law
enforcement of any kind, or from the medical community you know, doctor, nurse,
so on and so forth. We absolutely enjoy helping people
(02:09):
like you who have done so much for us. We
want to give back, and that's probably why we have
so many of those types of clients. And of course
all patriots welcome. So all right, let's get onto the
show some stuff.
Speaker 3 (02:26):
This is our first official week partnered with Farther.
Speaker 2 (02:30):
Oh god, great, I'm glad you mentioned that. Go ahead.
Speaker 3 (02:33):
Sure, we've been talking.
Speaker 4 (02:34):
About that, you know, for the past few weeks coming up,
but now we are officially partnered with Farther and moving
forward with that. So again, essentially what that means is
just adding a lot more tools to our toolbox and
we are now truly multi custodians. So our main platform
that we use before and we're still using is Schwab.
(02:54):
Also have interactive brokers, but now we have access to Fidelity, Goldman, Sachs, Persia.
So it doesn't really matter where you're at the main
players out there as far as where the brokerage firms
are and typically where clients accounts are at. We have
access not only to all those different platforms. It just
makes it easier as it a one stop shop because
(03:15):
now we have clients that have maybe an account of
brokerage account a maybe say Fidelity, Schwab, they have some
other things out there, and then now we can create
a dashboard where you can they just click on.
Speaker 2 (03:26):
And show all the face.
Speaker 4 (03:28):
Yeah, show a dashboard with all their assets and balance
sheet instead of logging into Schwab, logging into Fidelity, logging
into you know, ABC firm and we.
Speaker 3 (03:38):
Can we can show them on a dashboard. Makes it
just simplifies it.
Speaker 2 (03:41):
Yeah, So really I needed to say the Wise Money
Guys radio show brought to you or sponsored by One
Source Wealth Management, powered by Farther. That's our new official name,
and as Desseppi was saying, the great part about that
and what that really means to have that single sign
on multi stodial capability is you don't need to move
(04:04):
your account to hire us and try us. So if
you've kind of been, you know, on the fence about
doing a consultation or potentially working with a new money
management professional like Giuseppe and I, now you can do
it probably without having to repaper your account, you know,
(04:27):
from any one of those firms that Jousseppi just mentioned.
So the two that we find the most in this
area is our retired clients or our other clients typically
have a Fidelity or Charles Schwab already. So that's some
really good news. And the other thing is is that
(04:47):
that what you were mentioning that is so powerful because
we almost find always that people have multiple firms because
especially in the in the retirement side. So you worked
from for some major employer, you had Fidelity net benefits.
Now you know one of your options is to roll
(05:09):
from your Fidelity Net benefits to a Fidelity rollover IRA,
which we can do for you. That is very easy.
Also if you're at a retirement, if you're at a
company that again has fidelity. One of the things that
we've done with many clients is you can go to
(05:31):
the self directed four oh one K portion or four
oh three BOR, or whatever the case may be, whatever
type of planet is that you have at work, and
we can manage and help you with those assets that way,
even though you haven't separated service from your employer, but
you already have fidelity, a Fidelity four oh one K
(05:56):
or a Fidelity four oh three B through your current employer.
It doesn't stop that the matching contributions, it doesn't stop
your payroll contributions.
Speaker 4 (06:06):
But it opens the doors to a lot of other
a lot of other investments, and you can better customize
a portfolio, oh with rather than just the suite the
suite of you know, typical mutual fifteen twenty different mutual
funds and ETFs that you can only choose from within
your four to one K plan.
Speaker 3 (06:22):
It just opens the door.
Speaker 4 (06:23):
So if you have a mass you know a good
amount of money in your four to one K, where
now you can actually build your own custom portfolio with
individual securities, some individual bonds, maybe some other investments that
are definitely not going to be offered within your four
to one K. That's really where the benefit that we
see in the value that we bring when it comes
(06:45):
to a setup like that.
Speaker 2 (06:46):
Yeah, no doubt about it. So some interesting things going
on this morning in the news, especially the financial and
economic news that we are very in tune too. And
the biggest thing was this this lastime, I don't know
if it was Thursday or Friday, but Trump signing into law,
(07:06):
not executive order, but Trump was signing into law no
more EV mandates. And that's gigantic for the automotive industry
for confidence in building you know, more manufacturing capabil ability
of automobiles here in the States, as well as has
(07:29):
big time implications for the oil and gas industry. So
you know, California being the number one consumer of electric
vehicles where I forget the exact time frame, but it
was going to be like twenty thirty five or twenty
thirty two or twenty thirty maybe you could call us
(07:50):
where you were going they were going to ban get well,
they made it officially a law that you cannot do
that you cannot you know, if you're a part of
the US ban what type of car somebody can buy
and so.
Speaker 4 (08:10):
And that's just that's just if you look back in
time and any type of that government heavily government influenced,
you know, trying to steer the free market one direction
or the other.
Speaker 3 (08:21):
It doesn't work. It doesn't work.
Speaker 2 (08:23):
And so the reason why we talk about these things
is because we're here to help you increase your assets,
grow your assets, increase your income, and at the same
time hopefully d risk your portfolio. So if you're out
there and you're thinking, man, yes, I agree with John
(08:45):
and GISSEPPI, I know what those do to insurance and
have done to health insurance, and what was doing two automobiles,
so on and so forth, and it's gonna, you know,
make everything that I do and love to do cost
me way more.
Speaker 3 (08:58):
It all has gone up.
Speaker 2 (08:59):
Yeah, right, We're absolutely here to help you, you know,
stay ahead of that game. And you'll want to give
us a call. At nine one six nine six seven
thirty five hundred, we were diving in a little bit too.
What has gone on last week with with with the markets,
more importantly with politics and how it's affecting the economy,
(09:24):
and none of it that No news is bigger news
than two things, the actually three things, The great big
beautiful bill that has passed past the House and it's
now at the Senate, and that Trump this this this
week was saying, you know, they're trying to get that
(09:44):
signed into law, through all the deliberations and the markups
and the changes, and signed into law by July fourth.
And then the other, of course, is the tariffs going
on with China and supposedly, and I know they've said
this a lot, whether it was Howard or Bessent or Trump,
(10:07):
that a deal is done and it's incredibly more more
in the US's favorable as they do for us than
anything in our past fifty overall. Yep, especially when it
comes to you know, opening up China for you know,
(10:28):
more of our products reaching their shores.
Speaker 4 (10:31):
Also, then well, their economy has been been hit handled us,
and then we're and we're seeing some of the effects
and impacts from just the initial tariff back and forth
and retaliatory. It's been impacted them quite a bit. And
they've already been impacted prior to Trump being in office
because they were having a lot of trouble with the
(10:51):
real estate market, which still hasn't you know, rebounded exactly.
Speaker 3 (10:56):
So they're there.
Speaker 2 (10:58):
And probably won't because I don't think even with a
tariff deal with China, one that hopefully China, Jijingping and
the CCP will abide to you know, And of course
you can't trust them. I mean, it's not like they're
are ally or friend. They are our enemy, everybody says,
(11:19):
and I'm not talking to Chinese people as a whole,
but if you look at the Communist Party, you can't
trust the Chinese Communist parties. So even if they sign
this thing, I think sentimentally, you know, we're still going
to be on the same path of wanting to reduce,
you know, our dependence on China. The world is on
that path of trying to reduce dependence on China because of.
Speaker 4 (11:42):
Well should you should only have dependence on yourself? And
then with allied countries, Yeah, it doesn't make sense to
have it with countries that are non allies, and especially
adversarial countries, especially since.
Speaker 2 (11:54):
Non allied adversarial covenant communist countries that have the worst
humanity track record going on right now of murdering and killing.
You know, anybody who dissents against the Communist Party or
is religious, I mean, you can't be religious in communist China.
(12:17):
I mean, they're wiping out all of those Ugurs, which
is a the wigers the ugurs.
Speaker 3 (12:24):
How do you say it. I'm not even sure some
of you. I'm not even going to attempt.
Speaker 2 (12:28):
It's a strange spelling. But it's a Islamic type of
religion of religion, and they've been wiping them out and
it's it's credible, incredible by like hundreds a day, tens
of thousands over the last few years. But we're getting
(12:48):
off on a tangent. The point is is that I
think a deal is and I believe them that they're
inching it again. Whether or not the Chinese Communist Party,
you know, is trustworthy and sticks to it, I doubt
it highly.
Speaker 4 (13:02):
But you don't want I think the I think the
key also is to take that information, but to be
smart about it. You don't want to take that information
and just say great, I'm going all in, super aggressive, right,
and then from there you can, you know, just be
all into the growth stocks doesn't really make sense.
Speaker 2 (13:22):
That's a great point to set because it can It.
Speaker 4 (13:23):
Could easily reverse, It could easily go back for a
tip for tat. You know, escalation can arise within the
whole tarriff situation, and then you know, we can be
in a situation where we have a pullback again.
Speaker 2 (13:35):
And in strategy wise, which is what we typically go
into after you know, dissecting some of the things going
on in the news. Is here we've got to be
cautious again. We're at we're at stock levels that are
almost back to their all time highs, and they're out
over their skis many of the tech companies, I mean,
(13:57):
take Microsoft for example, we're involved time highs, you know,
taking video not quite as all time back to highs,
and when we start seeing the average earnings multiple of
the S and P getting into those twenties, we've had five, ten, fifteen,
twenty percent corrections and crashes from there. So again, this
(14:20):
isn't a time for you to be cocky, especially if
you're managing your own money or get overly greedy and
start just dumping into all stocks because you think that
you know all headwinds the roads, the road is clear,
all headwinds have gone. This is now when you need
to be working with professionals like us even more so
(14:44):
to make sure you're properly diversified, to make sure you're
not overlapping you know your efforts by the types of
investments you own in your retirement versus the types of
investments you might own in your individual account or your
trust account, or the types of investment you might own
through your work retirement plan. This is the time where
(15:05):
real diversification or rebalancing.
Speaker 4 (15:09):
Maybe maybe you had a portfolio you didn't do anything.
You just rode the roller coaster ride went up to
highs in February nineteenth and March and April came crashing
down depending on the stocks of the indices that you were,
and you saw your account values, and now they've come
back up. Here's your opportunity where you can rebalance your portfolio.
(15:32):
Maybe it wasn't diversified, maybe it wasn't appropriate allocated to
align with your goals and your risk tolerance, and now
could be the time where you actually do that. So
when we do have some other pullback or shift in
the markets or the economy, you're going to be better
well prepared in your portfolio is going to be allocated
as such, or you can right through the wave.
Speaker 3 (15:54):
You're not doing this big roller coast ride. It's going
to be much smooth ride.
Speaker 2 (15:57):
Yeah, exactly right. So that with with some of the
things that you know are now more hopefully tailwinds, like
the lowering of you know, some of the year over
year price increases. We saw CPI be less sure less
than expected, still an increase in prices that's slight at
(16:20):
only one tenth of one percent on a year over
year basis, but much better. And here again you look
at oh my god, the tariffs and all this stuff.
We're supposed to absolutely crash the economy because hyper inflation
was coming back and it just didn't happen, and it's
(16:40):
not going to happen in our opinion. Again, we're looking
at the data, but we're not listening to the narrative
of what's in mainstream media. I mean, mainstream media will
have you believe that the that the riots in Los
Angeles are are you know, peaceful, and it's and it's.
Speaker 4 (16:59):
Just depends on what side. But typically the news is
more fear mongering than anything else.
Speaker 2 (17:03):
Because that's what sells news. Let's and and it's the
same for investments or or or or politics or whatever
it is. Uh So, all of this to me adds
up to, you know, having a properly diversified portfolio. Does
it mean that if you have a diversified portfolio and
you've rebalanced it that you're automatically going to be hit
(17:26):
with taxes. We look at strategies and ways to not
just hit you with a big tax bill should you
have things that have gone up quite a bit, you know.
Also we also look for ways that we help people
increase their dividends and interest rates, you know, to combat
(17:46):
the things we were talking about just moments ago, where
you know, the cost of insurance, the cost of food,
the cost of healthcare, the cost of just about everything.
Speaker 3 (17:58):
And healthcare. Health care is huge. Healthcare is I don't
remember how much it's been.
Speaker 4 (18:02):
I mean, it's a big part of the financial planning
conversation now, especially if people are trying to retire prior
to Medicare age, where I don't I don't really remember
this being as big of a conversation back then, right
running and running financial planning. It was more of a
conversation of what happens in retirement later on, and maybe
your medical expenses increase because of some ailment right or
(18:27):
disease or what have you, or you need long term care.
But now it's you want to retire at sixty two
versus sixty five, well you've got to factor in and
depending on your current health health state, you know, you
got to factor in. It could be another two three
thousand dollars a month that you've got to factor in.
Speaker 2 (18:44):
For three years exactly.
Speaker 3 (18:46):
Yeah, which is which could be huge.
Speaker 2 (18:47):
No, it's a great point and the way, the simplest
way to handle, you know, the the rising cost of everything,
especially somebody's health care costs. And as Joseppi said, if
you want to retire at sixty two and go on
sol security, but a good portion of that is going
(19:08):
to go towards you know, your private insurance till you
get to Medicare age at sixty five, Well then it's
about you know, what do you have, what have you
accumulated in your retirement investments, and that if we're getting
you a six, seven, eight, nine, ten percent you know
rate of return, you know, will that be the amount
(19:29):
of money that you need that offsets that additional cost.
And that's some of the simplest examples of analysis that
we do is we look at, okay, what are the
income sources you're going to have coming in when you're retired,
what are the assets that you have, and what is
your projected expenses to be, you know, and your taxes
(19:51):
to be during retirement, and then if there's a shortfall,
we give you the options of, you know, what it
is you could do to make up that shortfall and
never run out of money during retirement, and hopefully we
uncover that that is the ability that you have through planning,
through proper asset management and portfolio diversification. We are the
(20:16):
right choice to helping you accomplish those things. So give
us a call at nine one six nine six seven
thirty five hundred. Okay, you're listening to the wise money guys.
John Scambran. I'm here with my partner Ja Wisconsin, and
we were diving into the weeds a little bit there
with you know, some of the tensions and tariffs and
(20:37):
battles going on with our adversary, the CCP, the Chinese
Communist Party. But again, all of this is relevant to
you know, what you should be doing with your portfolio,
what you should be doing with your investment selection, what
your advisor should be doing, or your agent should be doing,
(20:57):
and if they're not, or if you don't feel like
they are, you know, give us a call for a
second opinion. It doesn't cost you anything. I can guarantee
you it'll be a good use of your time, and
that more than likely we're going to show you something
you didn't know within your own portfolio, like maybe what
it's actually costing you. And lastly, on this subject real
(21:23):
quick is before you ever ever buy an annuity or
get suckered into an annuity, I should say, and I've
heard these commercials recently, give us a call if you have,
you know, more than five hundred thousand or a million,
and we can get you a guaranteed minimum income of seven, eight, nine,
(21:47):
ten percent. What they don't tell you in those commercials,
by the way, is that there's a high administrative cost
and there's a cost to having that insurance guarantee. On thenity,
they also don't tell you that once you set that
minimum income level, so let's say it's seven percent, and
(22:08):
you have a half a million dollars, so you're going
to take out thirty five thousand dollars a year, it's
not until the five hundred thousand dollars is potentially gone
your own money, of your own money till that guaranteed
minimum income benefit kicks in, and often it never kicks
(22:28):
in and it's just a boon doggle for the insurance
company to make money. It's also just a boon doggle
for the agents. And I'm trying to be nice. Who
suckered you into the annuity to make a ridiculous commission
up front on your money? So before you do anything,
(22:52):
give us a call and we'll give you a second opinion,
and we'll try to first and foremost just educate you
on what you really have and what it really costs you,
and how we can improve upon what you're already doing.
Speaker 4 (23:09):
I think you bring up a good point because in
this industry, you know you can easily work for a
company and that that company may have representative, you know,
their very own products, whether it be annuities, insurance, maybe
their own mutual funds, so on and so forth.
Speaker 3 (23:28):
So you know, when you're working with a.
Speaker 4 (23:31):
Financial advisor, portfolio manager, anybody dealing with you know the
responsibility of managing your assets in your best interest to
take you from point A to point B, you know,
to help you attain the goals of financial goals that
you want and need. Really, the best way to go
about it is to go with an institution or an
(23:53):
individual or team or whatever that has a truly unbiased
approach and has a lot of choice, meaning you're not
having to pick from a narrow menu of options, right
or they're restricted from being able to get into investment
X or investment Y or what have you, because maybe
it's another company that's a competitor, so on and so forth.
(24:17):
And that's why we're so excited with the position that
we're in being our own firm and having we already
had a couple custodians, but now we're just layering on
top of that, you know, Fidelity and gold Min Sacks
and these other names that we've mentioned earlier, because that
is really truly being unbiased. It doesn't matter to us
(24:38):
if Fidelity ends up being the best platform based off
of your goals or Schwab or Goldman Sacks or what
have you. And then within those platforms, there's so many
different options. But there are some options that Fidelity may
have access to certain investments that or maybe some of
their own proprietary that Schwab doesn't, and vice versa. But
now you really just have the world and that's where
(25:00):
somebody can truly come to you and have an approach
that's really best in your interest number one and number two,
we're not getting kickbacks, right, because a lot of times
some of these companies will say, well, oh, if you
put you know, you know, of your client's money into
(25:21):
this type of product or this type of you know,
an investment solution, then you're going to get bonused out
or you're gonna get this or that.
Speaker 3 (25:29):
Yeah, we don't get anything that.
Speaker 2 (25:31):
I want to delve into that a little bit more
because there's a lot of that and just circling back
a little bit onto the annuity thing. The other thing
that completely just I can't even believe you can get
away with it is to say that you're a fiduciary
and you have a fiduciary firm on one side, and
(25:52):
then on the other side, on the other side of
your mouth, you turn around and put somebody in a
commission based product. I just just that you do exactly.
So let me be very clear, we are one hundred
percent fiduciaries. We don't put anybody into a commission product.
And that is the only way you're getting true unbiased
(26:17):
advice and counsel console counsel is to not work with
somebody who gets paid a kickback or a commission or
whatever the case may be.
Speaker 4 (26:30):
For particular branded product to get steered one way.
Speaker 2 (26:35):
Or the other exactly right. So again for a second opinion,
for a no obligation consultation, especially if you're a if
you're a safety worker, a medical worker, a law enforcement worker.
We love helping, even if it's just giving advice. We
want to help you be on the right path, stay
(26:58):
on the right path for the rest of your life,
and give us a call at nine one six ninety six,
seven thirty five hundred some other interesting stuff just before
we you know, switch to talking about the second half
of this year and what we're projecting or or what
we think is going to happen. Is you know, these
(27:23):
tariffs we've had. I'm looking at your data here that
you wrote up in your in your summary, and two
hundred and seventy three billion collected as of May. I
mean that is that's huge revenue, and that receipts and
(27:44):
I'm assuming this is this is tax receipts reached five
point one trillion, right, I mean that's a record.
Speaker 5 (27:54):
So so you'll have to do look at uh you
look at the different economists that most you know economists,
uh far follow and there's ones that will be One
side of the coin is okay.
Speaker 2 (28:12):
You you you you, you spend your way, you tax
and spend your way government wise to create you know,
demand in an economy. And then the other side is, right,
you lower tax revenue and stimulate you know, consumption to
(28:33):
increase you know, receipts and revenue uh to to to
the government. And clearly it's been proven over and over
again that if you actually put more money in the
pockets of people in the in the pockets of businesses
and business owners.
Speaker 4 (28:54):
Not way of through government and stimulus measures, oh yeah,
not money put and.
Speaker 2 (29:00):
Not creating more debt and deficits, but giving the consumer opportunity,
the opportunity by letting them keep more of what they
make or generate, actually grows the economy more and actually
grows record receipts to the federal government. And so I
can't I just can't fathom that we have this debate
(29:25):
every new administration, every new session of Congress, over and
over again, and that there's even two sides that there's
just you know, there's there's black and there's white. There
isn't there is only the one way that financially makes
sense for all of us, and that is to lower regulation,
(29:46):
to lower taxation, to put more money into the pockets
of Americans again Americans being the key word small businesses.
I mean, that's that's the lifeblood. Yeah, that's what America
and our country will be and and always has been
second to none for prosperity and opportunity.
Speaker 3 (30:07):
So if a second to none, is that first place?
Speaker 2 (30:11):
Yes, yes, well if you're either first or your last.
Oh do you know where that came from? You're either
first or Talladega Knights and Will Ferrow, I forget what
his character's named, Dad was, You know that he always
went by and he and he was tormented by it,
that you're either.
Speaker 3 (30:30):
First or your last.
Speaker 2 (30:32):
And quite frankly, that's very true of you know, this race.
We're in to stay the world's you know, superpower in
the world's authority on finance and economics and banking and
and and strength and might. We have to have the
(30:53):
strongest country in the world. We have to have you know,
peace through strength. Otherwise, as you know, look at the
death and dismay that just all these these you know,
non Americans, these non citizens are trying to do, you know,
(31:14):
here and around the world. I mean, look at the
two UH Israeli staffers that were killed by those by
that that gunman just because you know, they believe in Christianity.
I mean, we have to remain the most prosperous, that
the strongest country in the world for the safety and
(31:35):
prosperity of the world. And we want to do and
are doing our one little part by helping our clients,
you know, make and grow as much money as they can,
you know, in their lifetime. So yeah, we've we were
we were getting into the weeds a little bit on
some of the current events and some of the economic
(31:57):
things and some of the political things going on.
Speaker 4 (32:00):
But I feel like we've dove into the weeds a lot.
This radio show will like a weed whacker.
Speaker 2 (32:06):
If we do need a weed whacker. But reality is
all these things and the reason why we talk about
them because they're so important on how they affect our
future and how they affect our future for remaining and
or or getting you know, wealthy, and protecting and keeping
that wealth and more importantly being able to pass it
(32:29):
on to whatever is important to us, our family, our.
Speaker 3 (32:33):
Future generations right to make sure that they succeed.
Speaker 2 (32:35):
Yep.
Speaker 4 (32:36):
Because if they don't succeed. I mean, that's what that's
what we're building this for exactly right. But you know,
I think he also made another a point. Maybe they
make a point, but just the remark of, you know,
diving into the weeds, and I think a lot of
people get you know, carried away with looking at the
portfolio and looking into the weeds first. Really the approach
(32:56):
you know, that we take and what everyone should take
when you're when you're thinking of here's some of the
important things for me and my family to attain these
financial goals is to take a thirty thousand foot view
right and get a macro picture and not dive into
the weeds at first. And we do that by way
of putting together a financial plan. And if you haven't
(33:17):
had a financial plan done, or maybe you did and
it's been a long time and you haven't reviewed it
and want to see, like are you on track?
Speaker 3 (33:23):
Are you not on track?
Speaker 4 (33:25):
You know what if things escalate again and there's a
market pullback like we had, you know a few months ago,
does that put you off track?
Speaker 3 (33:34):
Do you need to be rebalanced? Are you taking on
too much risk?
Speaker 2 (33:37):
You know?
Speaker 4 (33:37):
Do you need to take on more risk depending on
what your financial goals are. Have you factored in inflation,
have you factored in you know, medical expenses, if you're
going to retire earlier than sixty five. All these little
things that we've talked about diving into the weeds, those
are all important, but it doesn't mean much if you
don't have a plan and a roadmap to give you
idea and a perspective of how are you going to
get from point A to point B. Once you have that,
(34:00):
then you have a framework and foundation to work off
of to then dive into the weeds to say, okay,
here are the different you know, types of investments and
things that we can focus on. Or I don't have
my portfolio, or I need more diversification, and what are
some of the things I need to add or take
away or subtract from my portfolio or assets overall to
(34:21):
get you at a higher probability of success, to get
you from point A to point view.
Speaker 2 (34:25):
And so to give an example, first of all, before
you give an example and we talk a little bit
about this particular category and a particular investment that we
like right now, that's very timely if there is a
pullback and protecting some of that downside, and we're not
talking about an annuity. But the reality is is that
(34:49):
when we talk about anything on this show, and when
we manage money and manage people's portfolios, we're only talking
about a piece, and we usually use is a five
percent rule. Now we could rebalance, you know, we could
see that position grow to ten percent of the portfolio,
and if it does, that might be a reason to rebalance,
(35:11):
or it's something that's more conservative that we might put
in a little bit more than five percent, uh, you
know than we normally would because it has guarantees and
so on and so forth. So whatever the case may be,
just keep in mind that when we're talking about any
specific investment or a specific type of investment like Giuseppe
is going to tell us about right now, it would
(35:34):
only be and should only be a piece and a
small piece of your overall asset allocation.
Speaker 4 (35:41):
So what I'm alluding to, there is no guarantee and
if it blows up. The reason why the five percent
rule is because if it blows up, if it doesn't
pan out the way we anticipate for it to pan out,
because anything could happen. Right, nobody's got a crystal ball.
It's not going to derail your whole portfolio, derail your
overall financial plan.
Speaker 2 (36:00):
Just real quickly, and I'm going to get off on
a little tangent before we talk about this particular investment.
Is you know, if you work for Apple or AT
and T or PG and E or Kaiser or Microsoft
or Google, any one of the big companies out there
where you've amassed a lot of shares of that particular
(36:22):
company and it's embedded with with a lot of gains
in it to where you can't or don't want to
get out of it because of what it would do
to your tax your income tax situation, then you absolutely
want to give us a call because my expertise goes
back decades as far as coloring you know, large stock positions,
(36:45):
which just means protecting the downside with options and then
writing options on the upside to create an income stream
that you wouldn't otherwise get, you know, from that particular
investment on its own, and just real quickly, So if
(37:05):
you have Apple or Google or any of these big
tech names where you might have five hundred thousand or
two hundred and fifty thousand, or a million or two
million or whatever, the case may be in just that
one particular stock. Give us a call at nine one
six nine six seven thirty five hundred, so we can
show you how to get a substantial in potential income
(37:28):
from that position and protect the downside at the same time,
which is called a caller anyway, but go into a
little bit about this this note. Yeah, not the caller
on your shirt, Josette. Oh, and that reminds me. You
can watch us on if you want to see this, uh,
this podcast, this radio show. You can find us at
(37:51):
YouTube by searching Wise Money Guys. And so anyway, where
I was going? Where was I going? Oh?
Speaker 4 (38:00):
Well they talk about the taxable Yeah, so for people
who have taxable accounts, Real.
Speaker 2 (38:05):
Quickly has downside protection or or or a buffer as
well as levers gives you the opportunity for tremendous upside growthea.
Speaker 4 (38:18):
So for for you know this, this would be suited
for you know, from sommer our clients.
Speaker 3 (38:24):
I don't know if it's suited for you. You have to,
you know, depending.
Speaker 2 (38:26):
On your risk tolerance and come in for a obligation
consultation depending on your risk tolerance, time horizons, so on
and so forth.
Speaker 4 (38:32):
But these are unique, especially with some of these uncertain
times that we're dealing with, but to still capture some
of the upside, right, A lot of people will say,
why don't I just put money in an S and
P five hundred fund or a NAZNAK fund that just
tracks the NAZAC or the S and P five hundred
and let it ride.
Speaker 2 (38:50):
But you wouldn't want to do now when they're close
to their record highs.
Speaker 4 (38:53):
I guess right, and record highs beget more record highs,
and so we think that there's going to continue to
be growth in the market. And if we hit record
highs doesn't mean that that's the ceiling and that's as
high as we go. It's going to continue on. It's
not going to be a smooth ride, obviously, But with
taxable accounts, the the the trick or the strategy is,
(39:14):
especially if you know you're in a higher income tax bracket,
you want to take advantage of more growth. Easy easy
way to do it, or easier way to do it
with with a little bit of more peace of mind
is we have access to some custom structured investments.
Speaker 3 (39:30):
We've talked about some in the past.
Speaker 4 (39:33):
More of what we talked about in the past is
more focused on income where direct where it develops or
not develops, but it puts out a monthly income stream,
which most of our clients being in the retirement it
makes sense for them. But if you're not, and you're
more still in the accumulation phase where you have assets
that you don't need to pull from. This particular instrument
(39:56):
which we have it's going to be trading next week,
is from big issuer, big investment bank.
Speaker 3 (40:02):
But what it is is three years, it's tied to three.
Speaker 4 (40:05):
Indices Russell two thousand, NASDAC and Dow Jones. The unique
thing about it is it gives you the opportunity to
earn three times. Right, it's leveraged by three hundred percent
to the upside. So whatever those indices do in the
next three years from start to finish wherever they finish at,
(40:27):
the opportunity is that the worst performer of those three
they take that number. So let's just say, for example,
the Rustle two thousand, Let's say it's a worst performer
and over the next three years it performed at twenty percent. Okay,
that twenty percent times three, that would be your upside return.
Now on the downside, fifty right. Is that what twenty
(40:49):
times three?
Speaker 2 (40:49):
Well, just making sure because a lot of times, you know,
listening is harder to where is it.
Speaker 4 (40:54):
Whereas if you had the index tracking the Wrussell two thousand,
you would only really be a twenty percent right cumulative
over those three years. But the nice thing is on
the downside, it has a thirty percent barrier. So let's
say in the next three years on maturity date three
years from now, let's say there was performer, we'll just
use Russell two thousand again is down twenty percent. Well,
(41:17):
because it's not down thirty percent or more, you get
your principal back. So whatever principle you put in, it
gives your principle back, gives you that peace of mind.
Speaker 2 (41:26):
And again you don't have that guarantee in a mutual
fund or a stock on its own. And when I
say guarantee that guaranteed buffer, it's it's that doesn't guarantee
you what amount you're gonna end up with, but you're
guaranteed by the assuer that as long as you're either
up a certain amount or not down over a certain amount,
(41:49):
you'll either get back your principal or three times whatever
that return is, which you'll get both.
Speaker 3 (41:56):
Yeah, so you'll get you you'll get.
Speaker 2 (41:57):
Well, course is going to get your principle, yeah, plus
the return.
Speaker 3 (42:01):
But what makes it favorable for taxes is because it's
long term cap gains.
Speaker 4 (42:06):
It has a one year call. This particular one that
we're talking about has a one year call, and what
that means is after one year, the issuer has the
availability where they can call it basically matured out early
one time only, and if they do, they pay out
fifteen percent. Now if not, and they go through maturity
three years out, then you can get the potential for
(42:28):
the three times.
Speaker 2 (42:28):
Just speaking to taxes and talking about income and how
it MIGHTCT infect affect your capital gains or income taxes.
A lot of the investments that we do do again
that are a piece of one's portfolio, they're qualified dividend
income where you know they're only taxed at fifteen percent
(42:51):
so versus being taxed at ordinary income. But again, all
of those things we analyze, all of those things. We
look at your portfoli. You know, we give you suggestions
and then if we think that we're a good fit,
meaning you're you think we're a good fit, and we
think you're a good fit, then maybe you decide to
hire us. And hiring us now being one source wealth
(43:14):
management powered by farther is even easier because it probably
doesn't even involve having to switch, you know, brokerage accounts
from one to the other. So for that no obligation consultation,
give us a call at nine one six ninety six
seven thirty five hundred. Hope you enjoyed listening to the
wise money guys, John Scambray and Joseppe Vescani. Have a great,
(43:37):
beautiful Saturday and talk to you next week.
Speaker 3 (43:40):
Great weekend, talk to you next week.
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