May 15, 2025 • 44 mins
The market has been going UP and Down. This week the market is UP. Hosts John and Giuseppe guide us to the light of better investing. Plus, what role will the Middle East play in International politics, Responsible Invesing in volitial times, Tariffs, and a Golden Nugget. 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 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 co host John Scambray and I'm here with
my partner Jaseefa Visconti, and we are certified portfolio Managers,
which means we are investment experts and planning experts, especially
when it comes to helping people who are retired or
about to retire manage their money. If you like our show,
or have comments or feedback or questions, give us a
(00:37):
call at nine one six nine six seven thirty five hundred.
Again that numbers nine one six nine six seven thirty
five hundred. So some exciting news. We did mention it
last week, but we got to mention it again. We're
partnering with a fintech, a financial technology company, which what
(01:00):
that mainly does for us, and I would say that
we were pretty much at the limits of what our
capacity was for just being able to take a large
number of clients, and not that we were taking a
large number, but meaning even if we wanted to.
Speaker 3 (01:17):
Just recognizing to expand our resources.
Speaker 2 (01:20):
Yeah, and so now by partnering with Farther, we now
will have the resources from this partnership of over nine
billion dollars in assets under management, and so we'll have
the resources of the combined partnership, and we still maintain
our independence, so we're still able to do what's in
(01:45):
the best interest of our clients, which is super important.
They are a fiduciary company as well. But we remain
One Source Wealth Management just now our new name is
One Source Wealth Management Howard by Farther, And of course
we're still the Wise Money Guys, and we'll keep coming
to you weekly on KSTE at eleven am and over
(02:09):
the iHeart app and over YouTube and over and so
on and so forth. For more information or disclosures, visit
our website wismoneyguys dot com. Scroll to the end and
you'll see all that wonderful legal ees. Our sec license
number is three one nine zero seven eight. As always,
(02:34):
consult your tax professional, your advisor if you have one.
If you don't have one, call us before making any
investment decisions. And keep in mind that it doesn't matter
what somebody says all investments can lose money. There is
no such thing that is one hundred percent guaranteed across
(02:57):
the board. And gee, I think that that's enough ranting
by me. What have we got for our fine listeners today?
So oh, let me let mean another announcement. Yes, let
me mention that our conquered workshop, Yes, is just less
than three weeks away. So and that's in Conquered and
(03:20):
that will be our second one of the year in
the East Bay area. So give us a called nine
one six nine six seven thirty five hundred. Again, if
you're retired or about to retire, and you're current concerned
about the economy, your investments, your legacy, potentially outliving your
(03:42):
your investments because people do live a lot longer in
retirement twenty thirty plus years. In some cases.
Speaker 3 (03:49):
Things become more expensive, obviously.
Speaker 2 (03:51):
Way more expensive. That's at the old spaghetti factory in
Conquered from six to seven thirty PM on June fourth,
called nine one six nine six seven thirty five hundred
to register. Now and all right, let's go into current
current events, current economic stuff going on.
Speaker 4 (04:10):
The market's come back quite a bit, right, So that's
that's been a high point. We've had multiple days of
green on the screens, right. Red is bad, right, but
you know, from where we're at right now, a little
bit of red is warranted because we don't want to
get two head of ourselves.
Speaker 2 (04:31):
Yeah, we really kind of need maybe a little bit
of a pullback, a little bit of a either refresh sentiment,
you know, and then get some cash potentially coming off
the sidelines, and then and then we probably start another
leg up, right.
Speaker 4 (04:49):
I mean, technology and semiconductors have seen a big impact
from one really stem from initially first the ninety day
delay of all the elevated tariffs right that happened last month.
That started that started things off and but still a
little bit of a bumpy ride and volatility.
Speaker 3 (05:12):
Then we had to fed FOMC meeting.
Speaker 4 (05:15):
They stood pat right kind of where they're at, didn't
change anything as far as the rates are concerned. Market
didn't move a whole lot during that meeting, which was
last week on Wednesday. And then what's really popped the
market is we have a ninety day delay specifically with China,
and you know that went from one hundred and forty
(05:38):
five percent additional tariffs down to thirty percent and China's
went from one hundred and twenty five percent down to
ten percent. So that moved the needle quite a bit
and put optimism back out there in the markets you're seeing,
which literally two weeks ago there was recession warnings. Probability
(06:00):
session was increasing to you know, some investment firms had
it by fifty percent or over fifty percent. To now
they're changing their tune and lowering the risk of recession.
Speaker 2 (06:12):
And at our tunes, at least my tune never changed.
I never believed that we were going to have a
recession at least this year because the softening of the
economy and the things that usually are the precursor to
that just weren't coming to fruition. They weren't there. So,
(06:33):
you know, and we both of us talked about that.
We thought the tariffs, and we talked about four different
scenarios with the tariffs, and the one we favored most
is actually happening, which is that it would stimulate and
make negotiations happen faster, and that and that any company, companies,
(06:57):
countries actually inking a new a new trade deal would
make the market, you know, take off and be a
tail win versus the headwinds that it was in early
tariff tariff Land, Yeah, Teriffland Yeah, so not what's the
(07:17):
one with Sevester Salone we were watching before? Oh, Tulsa King,
Tulsa King, Tulsa King.
Speaker 3 (07:22):
I'm thinking of Land but I'm thinking also, I think
I'm blending land Man. Yeah, Land.
Speaker 2 (07:27):
Something great shows.
Speaker 3 (07:28):
By the way, I'm thinking of it.
Speaker 4 (07:29):
Yeah, And I'm thinking Trump is kind of like a
little taking a little bit from each of those characters, right,
Tulsa King, Sylvester Salon and land Man just doesn't put
up with ship.
Speaker 2 (07:38):
And by the way, neither of those shows are for
kids or grand kids. So if you're somebody retired listening
to our radio show, those shows are definitely not for kids,
but they're wildly entertaining.
Speaker 4 (07:54):
But I think our point, you know that we've talked
about I don't know how many episodes ago with all
of this, you know, all the volatilities surrounding the terriffs
and the focus on tariffs and how it can impact
the markets companies if they need to raise their prices
to pass on to consumers.
Speaker 3 (08:14):
So you know, Ford guidance.
Speaker 4 (08:16):
Some companies just did away with forward guidance and their
earnings because they weren't sure what the future helped, just
due to the uncertainty. And you know what you and
I talked about was, I think the whole theme and
what we thought of all of this was Twofold was
one yes, to level the playing field and to go
(08:36):
out this hard and fast instead of dragging this out,
which in his first term, you know, the whole China,
you know, us in China kind of dragged out for
longer than it should have. So I think doing that
and trying to get enough meaningful deals done within this
ninety day delay period to then just do away with
the delay and.
Speaker 3 (08:56):
Say, Okay, we've done enough meaningful deals, We're.
Speaker 4 (08:59):
Happy worth are at the bars lowered across the board,
with enough meaningful countries in regards to tariffs, and we
can just focus more on continuing the existing tax cuts,
maybe enhancing tax cuts.
Speaker 3 (09:15):
Deregulation and other areas.
Speaker 4 (09:17):
Of the market and economy that are going to be
more growth oriented, right and to really spread growth.
Speaker 3 (09:23):
And so we're seeing that unfolding actually right now.
Speaker 4 (09:25):
We talked about that weeks ago, and now we're seeing
the shifts or the focus be more towards not as
much as tariffs, but now it's shifting a little bit
more focused on the tax situation.
Speaker 2 (09:36):
With the Beautiful Bill exactly. Yes, I was watching the
news this morning, and you know, you got various congress
people and Senate senators, you know, all either pro or
against the Big Beautiful Bill. At least most of the
(09:57):
Republicans are for the Big Beautiful Bill. However, it's not
gonna at least in its current form, it's not doing
what the Republicans promise. I mean, as of right now,
there isn't major cuts at all in this bill. There's
cuts to taxes, but no cuts to spending. And we really,
(10:21):
I mean it's actually, if we look at the numbers,
what what Congress and Washington is proposing is a seven
trillion dollar spending package for this year. That's insane. That's
one hundred and fifty billion dollars short each month. And
(10:43):
so the whole point of all of this, which which
excuse me, was to cut to be able to affward
the tax cuts. You're listening to the Wise Money Guys
radio show. I'm your co host John Scambrand. I'm here
with my partner just up Wisconsin, and we were talking
about just some of the economic things going on and
we were we were talking about the tax bill, the
(11:06):
big beautiful bill, and in its current form, that is
literally nothing that the Democrat that the the Republicans ran
on because there is no cuts. Not only are there
no cuts, everything is, yes, there's tax cuts, there is
the the no tax on tips, no tax on social security,
(11:29):
no tax on overtime. However, that makes the the cost
of it, uh increase the overall demand on on the budget,
and so we literally need to go back to pre
COVID spendings, which would which would represent about you know,
(11:50):
a one and a half trillion dollar cut to this year.
Now think about that for a second. That's not saying
cut anything out of what people have been receiving. It's
just the waste. I mean those the Department of Government
Efficiency showed us that there was literally trillions of dollars
(12:12):
in waste in the federal government and all of the
entitlement programs this year. That's not cutting or meaning potentially
people would lose benefits. No, it's just getting rid of
people who should not be getting benefits. And so anyway,
but that thing, I could see that literally not happening
(12:35):
by June, which was the goal. It might not even
happen at all, because you've got Republicans that are needed,
like Ron Johnson or Ryan Paul who are just going,
I'm not signing this thing. I'm voting for this thing
because it increases spending. That's not why we got elected.
Speaker 3 (12:55):
We got we had to.
Speaker 4 (12:56):
Yeah, a lot of the complaining and the inflation. The
where that stemmed from is all that spending, which we
did a ton of it last year. It can't continue
on this year as well.
Speaker 3 (13:06):
Well.
Speaker 2 (13:08):
Ever since COVID, none of the COVID spending dried up,
they continue to just subsidize you know, really cities, universities, entitlements.
They continue to subsidize it at current COVID you know,
pandemic shut down levels, so there is zero reach.
Speaker 3 (13:33):
We're still Yeah, all.
Speaker 2 (13:35):
They have to do is cut that pandemic spending out,
and the the United States economy would explode. I mean
having said that, you know, there are things that are
that haven't even been spent, like the the Inflation Reduction
Act or the Chips Act and so and if you look,
(13:59):
you know, the chips have been kind of going all
over the place late, like Taiwan Semiconductor, like some of
the non obvious ones like Amazon, that super micro computer,
super micro computer, you know, the artificial intelligence volunteer, polunteer,
you name it. But oh, by the way, people, you're
(14:22):
you're gonna have to keep listening to the end of
the show because I'm going to talk about the double
top secret Amazon type company investment that's out there that
you know, is a pretty cheap price considering what its
potential is that I like, not recommending it.
Speaker 3 (14:46):
But just found it interesting.
Speaker 2 (14:49):
Something you read, super interesting something I read. I added it,
you know, to to to families portfolios. Again, not recommending it,
but pretty excited about it.
Speaker 3 (15:02):
And so we.
Speaker 4 (15:02):
Said, you're going to hold it to the end, but
it sounds like you're spilling the dunes ALREADYO.
Speaker 2 (15:06):
I'm going to hold the symbol and the name of
the company till the end of the show so that
people have to keep listening. But also, this is the
type of stuff that we show people in our seminar,
you know, when we when we do our seminars, we
show people are are some examples.
Speaker 4 (15:22):
Yeah, some examples of portfolios.
Speaker 2 (15:25):
What's in the portfolios, what people's asset allocations look like.
That's that's typical that that we manage and what sort
of returns and dividends and interest are are typical and
people are typically blown away. I think I've used the
word typical enough.
Speaker 3 (15:43):
Yeah, you've expired them. You inspired the word sentence.
Speaker 4 (15:48):
But nevertheless, but yeah, the Semiconductor's roller coaster ride dropped
by thirty eight percent, you know this year. The peak
was February nineteen, and then just road the roller coaster
down thirty eight percent, and then it's rebounded quite a bit,
up forty three forty four percent, And some of it
(16:11):
has been from the alleviation of these elevated tariffs. The
ninety day delay with China has had a big impact
as well. And then just recently Trump visiting the Middle East,
striking some new investment deals with Saudi Arabia, Qatar and
countries around there, and also in Nvidia selling eighteen thousand
(16:36):
of their AI chips through Saudi Arabia's human If I'm
saying that right, who.
Speaker 3 (16:42):
Knows, But that's all.
Speaker 4 (16:46):
You know, Growth oriented for our markets and our economy
is this, you know, up to I think over ten
trillion dollars and either domestic or outside or foreign investment
that's going to be coming into the US, which is
what we need more of versus spending.
Speaker 2 (17:04):
Yeah, don't forget the free plane that Democrats are completely
freaking out about that Katar is getting here the United States.
Oh yeah, Quitar is giving the because Boeing can't get
its act together and deliver on the new Air Force
one plane. Katar just decided to give one of its
(17:25):
brand new Boeing seven eighty seven planes to the United
States government. And they're calling it, you know, democrats and
the news is calling it a bribe to influence pedaling
on President. No, it's going to the United States, not
to President Trump, and it's going to be you know,
(17:48):
part of obviously his legacy as as president, but it's
not personally going to that's been that's been the lay
is so impeach Trump because he's he's got a quid
pro quo again. And it's this plane that Qatar is
giving the United States. And even on the news today,
(18:12):
the crowned prints of Qatar or wherever that area was saying, now,
we didn't give it to Trump, we gave it to
the United States. Now think about that for a second.
The world is used to getting trillions of dollars from
the US and now you have a country who's you know,
(18:33):
giving giving a plane and the world is, you know,
not the world, but the democratic world. The democrat world.
Speaker 3 (18:43):
Is those who pose Trump.
Speaker 2 (18:44):
Yeah, terrain syndrome is just frothing.
Speaker 3 (18:49):
Well, you know, that's that's not surprising.
Speaker 4 (18:53):
That's been going on for what eight years now, back
and forth, both sides, back and forth.
Speaker 3 (18:58):
But the other thing with Boeing.
Speaker 4 (18:59):
That I read is that guitars ordering one hundred and
eighty planes from Boeing too. So all of those activities,
whether it's you know, increasing orders from some of the
goods and services that are derived from companies from the US.
For an investment where you have companies like Taiwan Semiconductor,
(19:19):
you know opening facilities or car manufacturers opening facilities in
the US, that is all going to you know, and
it's going to have it takes time, but that is
all going to be a proponent to added growth for
our economy and our markets. But yeah, I agree with you.
I mean, they need to And I didn't realize how
(19:39):
much spending was in that bill. That's ridiculous. It's just
it's just absolutely out of control. When you look when
you put in the cost of the it's just pulling
a proposed tax.
Speaker 3 (19:49):
It's detracting from all of the.
Speaker 2 (19:52):
You know, the whole point. Yeah, except the whole point
of Congress, you know, being run and controlled by publicans
that were voted in to do one thing, and one
thing only cut government spending. That's the only reason why
they got elected. And if they don't do that, unfortunately
(20:14):
most mid terms usually that the House changes swamp and
so it could change hands drastically in twenty twenty six.
So it's just an absolute shame.
Speaker 3 (20:27):
You know.
Speaker 2 (20:27):
I'm on the side of Ron Johnson and Ran Paul
and others because you absolutely have to go back to
pre pandemic government spending levels otherwise we're going to go
right back into the hyperinflation that we have.
Speaker 4 (20:42):
What caused all of that, that's what caused all also
had to that's what had to you know, force federal
reserve to you know, tighten monetary policy.
Speaker 3 (20:50):
So we can't go back to that. Yeah.
Speaker 2 (20:51):
Stage, So you're listening to John Scambray to set pie
Wisconti and I should give out the date to our
seminar again, especially if you just tuned in, if you
want to come meet us in person and see what
we do and how we help people, especially people who
are retired or about to retire. Come to our workshop
(21:15):
on June fourth at the old Spaghetti Factory in Conquered
from six to seven thirty pm. Again that's June fourth,
which is a Wednesday, from six to seven thirty pm
in Conquered called nine six nine six seven thirty five hundred.
Of course, if you just want to come in for
a no obligation consultation, our door is always open and
(21:39):
to get on our calendar called nine one six nine
six seven thirty five hundred. So you know, you look
at this and my goodness. We started saying strategically at
the beginning of the year, trim profits, take profits at
least some profits off the off the or rebalance, rebalance,
(22:00):
trim some of your stock position. Look to fixed income
now here we are, and alternatives, which we were right
on especially look at alternatives, and here we are that
we were right on the money when we said to trim.
Then we started saying, you know, several weeks ago, look
to be maybe rebalancing again, buying the dips. We were
(22:24):
right again. And now we're saying that probably have a
little bit of a pullback here. So you know, don't panic,
don't freak out. You know, when when you see something,
especially after such a nice rebound, you know, come off
a bit to or or.
Speaker 4 (22:44):
Put some of the cash on the sidelines. It's an
opportunity to put some of the cash on the sidelines
to work. And some of the exactly and some of
the names that you wanted to or or have gotten
away in these past five six trading days, right, that
have just soared. I mean, paling was up, up, up, up,
h hit all time high, and then in the day
after it went down threey four percent. So you know,
(23:06):
names like that or anything else that you're eyeing or
looking at or already having your portfolio. That's where you
can start putting putting your cash to work. Is when
there's breathers in the market. You know, granted nothing no
big event has taken place which triggers a pullback in
the market.
Speaker 3 (23:25):
Right, it's different.
Speaker 2 (23:26):
Yeah, you know, I literally said almost verbatim that we
will look upon you know, last month and the month
before correction and crash. Actually the S and P crashed.
It was down from from its peak in February to
you know, roughly in late March early April down twenty
(23:49):
two percent. That is a definition of a crash. So
the Dow had a correction, which is the definition is
minus ten percent. But the S and P and the
Nasdaq s and P was down twenty two, Nasdaq was
down twenty nine. Those are stock market crashes. And I
(24:10):
literally said, verbatim, don't look back on this again. This
this this current crash that we had, and go, I
wish I would have bought whatever it is. And sure enough,
you know these dips because we started saying by the
dips especially you know, look at dollar cost averaging. Look
(24:32):
as Joseppe just said, to move some of your cash
off the sidelines and back into things that have come
down drastically for no other reason than just potential you know,
tariff impacts. Because that's all it was, was potential impacts
to revenue which didn't happen.
Speaker 3 (24:54):
Yeah, it's all.
Speaker 4 (24:54):
It was all dependent on how long the tariff sworees
stand place. And that's what nobody knew, right, So that's
that's what caused the volatility. Is the terror elevated TERRAF
is going to be you know, in place for a month,
two months, three months, all year so on and so forth.
But to piggyback or later on to what you just
said as far as portfolio kind of portfolio management, maybe
(25:16):
you had your portfolio, you didn't do anything right, you
made no moves, you did no rebalancing, and you felt
the full impact of the volatility. And what's taking place
in the past couple of months. Well, now the market
has you know, it hasn't fully recovered to its highs
in February, but it has recovered quite a bit, right,
and it's closer to its all time highs depending on
(25:37):
the endsicy that you track. But this could be an
opportunity if you didn't do anything back then, you didn't say, hey,
I didn't diversify. I should have further diversified my portfolio.
Oh my gosh, look at my account. My stocks are
going down. Now it could be an opportunity where you
can start trimming off your stocks and rebalancing or adding
some of these other asset classes, taking advantage of fixed
(25:59):
income because it's just right, are still attractive out there
and fixed income, or adding in alternatives if you don't
have alternatives into your portfolio to further diversify. This is
a point in time where you can start doing that
and diversifying and spreading it out a little bit more
so that when there is volatility that comes back into
the market at whatever point, because we're not completely out
of the woods that you know, because we're in a
(26:21):
ninety day delay, markets like it, ninety day delays specifically
with China as well, and we're having some of these
investment deals going on and foreign nations and markets are lacking.
That doesn't mean that everything's going to be dandy for
the rest of the year. Yeah, So this is a
point in time where you can you know, diversify and
then start adding in and dollar cost averaging into positions
(26:44):
that you wish you had.
Speaker 2 (26:45):
You know, as we're having this conversation this fine Saturday morning,
one of the things that continuously just I just don't
understand unless you're you know, doing the things that we're
talking about. It amazes me how many people who are
retired try to do this by themselves because maybe they
(27:09):
think they're avoiding some sort of huge fee. Maybe they
think it's too big of a hassle issue, and it
could be yeah, could.
Speaker 3 (27:19):
Maybe they had a bad experience in the past exactly burned.
Speaker 2 (27:23):
But still, if you're you know if you're finding that
you continually continuing to make the wrong decisions like when
to get out, when to get in, you know, when
to dollar cost average, when to rebalance, when do you
know add different types of exposure and sectors and categories
of investments to your portfolio. You absolutely shouldn't give us
(27:47):
a call uh nine one six nine six seven thirty
five hundred. The other thing is now with our new
partnership with Farther, we are multi custodian, which means you
might not have to change change accounts at all. You
might not have to change anything from you know, what's
connected to your account, like your bank account that you
(28:09):
do bill pays from and those things maybe from your
brokerage account, so on and so forth. Because now not
only are we affiliated with SCHWAB, will also be affiliated
with Fidelity and Goldman, Sacks, just Pershing, BN, y Melon,
So there's a whole list interactive brokers. So if you
(28:32):
have accounts at any of these places and you want
a second opinion, you want somebody to just take just
take a look at what you've done and see if
what we recommend is, see if how we do things
make sense for you. It may be without having to
do anything but just hire us as your advisor, as
(28:55):
your fiduciary advisor on your existing account. So call us
at nine six seven thirty five hundred to find out
how easy it could potentially be for us to help you.
Speaker 3 (29:09):
So the other thing I.
Speaker 4 (29:10):
Want to add to that is not only just being
multi custodian, but also we'll be we'll have access to
other facets within wealth management through our partnership with Farther,
which is they have a couple trust and the state
planning attorneys on staff.
Speaker 3 (29:27):
Not that they're going to draw up documents, not at
this point that.
Speaker 2 (29:30):
They'll review your document, but they but.
Speaker 4 (29:32):
The review gives some insight, you know, look for any
red flags, which saves.
Speaker 2 (29:36):
You money because often you know, people have old trusts,
right and they need to be amended, haven't been reviewed,
and a lot haven't been reviewed, sometimes in decades, right,
So that's a huge perk.
Speaker 4 (29:50):
But then tying tying that in also with financial planning, right,
so we'll have access We'll still have access to financial
planning tools, now we'll have access to another financial planning
tool and a team that also helps with financial planning.
So it'll it's we were already comprehensive, but now it's
just going to take it to the next level. We'll
(30:10):
be able to bounce ideas off of other professionals and
have just an expanded resource and enhancement for existing and
new clients.
Speaker 2 (30:21):
I'm glad you mentioned planning because speaking of planning, lots
of firms out there charge separately for planning.
Speaker 3 (30:28):
We do not.
Speaker 2 (30:30):
We include a comprehensive written financial plan or a retirement
module style financial plan within your investment advisory fee, your
annual investment advisory fee. And most of the time people
find that our fees are something that are very realistic
(30:52):
for the value that we bring to the table. But
more importantly, when you look at some of the money
that people are already spending indirectly embedded inside of their
funds that we take them out of, especially if you
have the portfolio size where we're buying you individual bonds,
individual stocks, alternatives, so on and so forth, that we
(31:13):
may be saving you most of what our fee is annually.
So don't let the worry that you know we're too
expensive or that it's too much of a hassle because
I might have to change my Fidelity or Schwab account
or Goldman or Melon or Pershing or Interactive Brokers. If
(31:35):
you have any of those accounts, you don't have to
change those at all to hire us, and financial planning
comes and as part of our investment advisory fee. So
that's just that's just huge, you know, especially.
Speaker 3 (31:52):
Because there's more.
Speaker 4 (31:52):
It's more than just looking at the investments or an
investment account, right, and that's you know, a lot of
times what we find people work in silos or their
accounts or are spread around and they have maybe one
financial advisor here, another financial advisor here, another account maybe
they're managing on their own, and so all of these
are in silos, and how are they all working together?
(32:14):
Do they compliment to each other? Are they working against
each other? Is it duplicating assets that you have, like
do you have too much exposure to semiconductors? And you know,
went down thirty eight percent in these past couple months,
and you had three different accounts in three different places,
but they're all pretty much the same thing correlated, and
so that's so right, So those are those are the things,
(32:34):
and that's that's the overall macroview that we take as
far as our approach with our clients and it's not
just looking at hey, let's manage this one investment account
and that's the end of it.
Speaker 3 (32:45):
It's taking a comprehensive approach, and.
Speaker 2 (32:48):
Once again from a conversation perspective, as we talk about
investments and strategies and the economy and things like you know,
trim profit, you know, buy the dip, so on and
so forth. Always consult your investment advisor. If you don't
(33:11):
have one, definitely give us a call and or your
tax professional before making any decision. And keep in mind
that all investments pose risk, including the possible loss of principle.
With that wonderful disclosure. The company that I found interesting
after reading one of the many research reports that we get,
(33:34):
and that's one of the benefits of working with advisors
like us as well, is we get and are in
tune with the data, with all the research, the news,
so much analysis, strategy, investment outlooks, so on and so forth.
That that's part of what you get when you work
(33:58):
with a professional firm like ours. So one of the
research reports I was reading today that I like and
follow was about a company that is similar to what
Amazon does here in the United States and around the world,
but it's based out of South Korea, and it's basically
(34:19):
Amazon like but out of South Korea. And if you
think about that, you know, as we do these tariffs
in battle China, you see all these major international you
know type companies moving business from China to Korea, South
Korea to Vietnam, to India and so on and so forth.
(34:40):
So that's why this made this company maybe in a
good position with the tariffs on China and companies really
redeploying their manufacturing efforts and revenue efforts elsewhere. So South
Korea is a big target country that a lot of
(35:04):
stuff comes out of that we consume and maybe even
more so here in the near future. But the company
UH is qpeng and you spell that co U p
A n G and the symbol is CP and G. So,
like I said, I read the research report about it
(35:24):
was very intrigued and I think it could benefit from
you know a lot of this new UH manufacturing change
from China to other countries.
Speaker 4 (35:36):
Do they just is that like the Amazon for South
Korea or do they go to the distributed So they.
Speaker 2 (35:42):
Were in South Korea, but now they're distributing to other countries.
And on top of that logistically they rolled out, uh,
not only free delivery when it comes to returns, something
that that Amazon doesn't do. They'll pick up your returns
at your door and do free returns. They do this,
(36:04):
and so this company is maybe.
Speaker 3 (36:06):
Because South Korea is more densely populated.
Speaker 2 (36:09):
Could could be, but you do the U and the
research report, you know, detailed how they're doing, what they're
doing and what they're uh, what their differences are that
they're potentially improving upon. And that was just one example
versus Amazon. And so anyway, the other thing is is
(36:31):
from a from a stock price perspective, when you look
at the AI stocks, when you look at the big
mega caps, they're all super expensive. Right, they were cheap
just a few weeks ago, Well they were cheap and
decades ago, you know, they were in the you know,
the low double digits. But here's a company that's now
(36:52):
in the in the lower double digits. It's about twenty
six bucks per share and that's just hard to find.
Speaker 3 (36:58):
Now.
Speaker 2 (36:58):
That doesn't mean that it's a great price and you
absolutely buy it. It just means that for a company
that potentially will benefit from from the tariffs as far
as supply chains, and consumption being based out of a
out of a different country than China, This would be
(37:21):
one of those in my opinion, So you know, take
it for what it is, and then other than that,
I still continue to love these alternatives. And I was
blown away at the one we did last week that
we mentioned in our workshop was coming. And I just
(37:41):
want to bring those up because, man, get these while
you can. I mean, you never know when you know
that the our income market is going to dry up. Currently,
you know we're getting double digit low double digit fixed
and you're rich turns in these structured notes, there's some
(38:02):
nuance to it, but those aren't here to stay.
Speaker 5 (38:06):
No, those I mean, I mean it used to be
used to be like high single digit you get super
excited about. Yeah, and that last one we did had
better than the potential to pay better than one percent monthly,
you know, as long as the markets didn't drop thirty
percent and that it doesn't matter which indusy. But just
(38:28):
for conversation points, I mean.
Speaker 4 (38:30):
As a as a as perspective, like we just talked
about earlier in the episode, I mean Nasdaq by itself,
So if NASDAK was one of the industries that attract
from February nineteen. If you had absolutely bad luck and
it traded February nineteen, I mean that went down, but
it went down twenty seven percent, So you're still okay
in that instance where you would have still got paid
(38:51):
out one percent. Now obviously the indices have recovered and
you would have continued to get paid out.
Speaker 2 (38:56):
Yeah, So just to recap that a little bit, because
I think while those are here, people should absolutely come
in and see us and see how these might make
sense in their portfolio. For a piece, anytime we're talking
about anything, it's never that you know, you put all
of your money, and the saying you never put all
of your eggs in one basket, it's for a piece.
(39:17):
We use a five percent rule roughly. It's not a
line in the sand. It's just a guideline that, you know,
if we're putting a position in somebody's account, especially a
new one, we'll put five percent roughly of their portfolio
in that particular position or less. Unless it's like a
(39:38):
really good, a rated you know, bond, we might go
a little bit more. But for the most part, if
it's something that has a variable results component to it,
a variable return component to it, we use a five
percent rule, and so these alternatives, these structured notes that
(40:00):
fall under alternative strategies. I mean that one last week
at twelve point six percent with a thirty percent downside
barrier on the S and P, DOW and Russell.
Speaker 4 (40:12):
Getting stuck knows DEW, SMP and equal weight NASDAK.
Speaker 2 (40:18):
Yeah, I mean that's insane. So call nine one six
nine six seven thirty five hundred to learn more about
alternative investments and how they might be right for your portfolio,
or come to our workshop on June fourth at the
old Spaghetti Factory in Conquered by calling nine one six
(40:38):
ninety six seven thirty five hundred. So that's about all
I have actually this morning, other.
Speaker 4 (40:47):
Than you do you want to talk about China because
we can go another ten minutes. Yeah, no, I'm joking,
but I think alter. I think the other thing outside
of alternatives which has been gaining a bit more popularity
is real estate, right in real estate exposure but doing
it through because you know, we have some clients that
(41:08):
have investment properties and they're either have had them for
a long time, they've been tired of kind of managing it,
or whatever the case may be, or maybe they've decided
that they're going to delve into getting an investment property
out of state and didn't really pan out the way
they thought and kind of a bigger headache than what
they anticipated it to be. But they don't want to
(41:28):
sell it realize the capital gains, and so what do
they do? And there's ten thirty one you know, exchange
opportunities where for those situations or events where you can
sell your property and then take the proceeds from that
and defer the taxes. We're not having to pay the
capital gains, but you can put it in another real
estate portfolio that's professionally managed for you. And you could
(41:51):
do either through UTS or what's a little bit more popular,
maybe not as known as much as through DST, which
is Delaware statutory trust. And then you have direct ownership
right of portfolio. And they could be portfolios of commercial property,
could be distribution centers, senior healthcare centers, multifamily, you know, residential,
(42:12):
whatever the case may be.
Speaker 3 (42:15):
But then you still have the source of income.
Speaker 4 (42:17):
And they range anywhere from on the low end because
there's more conservative portfolios and some that are a little
bit more you know, going towards like Hey, maybe a
place that has been mismanaged or or haven't been managed properly,
or maybe a little bit of needs a little bit
of LTC right and you can get a little bit
more of the growth factor in there and maybe a
(42:38):
higher payout. But it can range anywhere from like mid
forest to just above six percent on income, and some
of them have some growth potentials, while we've seen up
to a total return of about twelve percent a year overall.
So it's pretty attractive, especially now in the real estate
if you go try and find i know here locally
in California, you know, to go find an investment property
that doesn't need LTC unless you and we've talked about it,
(43:01):
you know, putting sweat equity, that's kind of the best scenario.
You mean TLC. Oh, my thing, you put too much
long term care? Yeah, thanks for the correction. I'm thinking
you put so much sweat equity that you're going to
need lung term care to DLC.
Speaker 2 (43:19):
But the other thing to keep in mind that these
are not new and so some of these strategies that
we talk about, if they sound complex, well they might
be if you were to go it alone. But you know,
reads real estate investment trusts, DST Funds, Delaware Statutory Trust
that you can ten thirty one that we help you
(43:42):
do this, by the way, and it becomes part of
your portfolio. Is not something new and it's not very complicated.
It's all guided by people who have done it a
very long time and are experts. So it isn't something
that you go alone. So if you have a highly
appreciated piece of property that you now want to liquidate,
(44:05):
definitely give us a call called nine one six nine
six seven thirty five hundred. Okay, we're out of time.
I hope you enjoyed listening to John Scambray and giseetpe
Vescani the Wise. Many guys have a wonderful weekend.
Speaker 3 (44:18):
Hope to see 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 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 co host John Scambray and I'm here with
my partner Jaseefa Visconti, and we are certified portfolio Managers,
which means we are investment experts and planning experts, especially
when it comes to helping people who are retired or
about to retire manage their money. If you like our show,
or have comments or feedback or questions, give us a
(00:37):
call at nine one six nine six seven thirty five hundred.
Again that numbers nine one six nine six seven thirty
five hundred. So some exciting news. We did mention it
last week, but we got to mention it again. We're
partnering with a fintech, a financial technology company, which what
(01:00):
that mainly does for us, and I would say that
we were pretty much at the limits of what our
capacity was for just being able to take a large
number of clients, and not that we were taking a
large number, but meaning even if we wanted to.
Speaker 3 (01:17):
Just recognizing to expand our resources.
Speaker 2 (01:20):
Yeah, and so now by partnering with Farther, we now
will have the resources from this partnership of over nine
billion dollars in assets under management, and so we'll have
the resources of the combined partnership, and we still maintain
our independence, so we're still able to do what's in
(01:45):
the best interest of our clients, which is super important.
They are a fiduciary company as well. But we remain
One Source Wealth Management just now our new name is
One Source Wealth Management Howard by Farther, And of course
we're still the Wise Money Guys, and we'll keep coming
to you weekly on KSTE at eleven am and over
(02:09):
the iHeart app and over YouTube and over and so
on and so forth. For more information or disclosures, visit
our website wismoneyguys dot com. Scroll to the end and
you'll see all that wonderful legal ees. Our sec license
number is three one nine zero seven eight. As always,
(02:34):
consult your tax professional, your advisor if you have one.
If you don't have one, call us before making any
investment decisions. And keep in mind that it doesn't matter
what somebody says all investments can lose money. There is
no such thing that is one hundred percent guaranteed across
(02:57):
the board. And gee, I think that that's enough ranting
by me. What have we got for our fine listeners today?
So oh, let me let mean another announcement. Yes, let
me mention that our conquered workshop, Yes, is just less
than three weeks away. So and that's in Conquered and
(03:20):
that will be our second one of the year in
the East Bay area. So give us a called nine
one six nine six seven thirty five hundred. Again, if
you're retired or about to retire, and you're current concerned
about the economy, your investments, your legacy, potentially outliving your
(03:42):
your investments because people do live a lot longer in
retirement twenty thirty plus years. In some cases.
Speaker 3 (03:49):
Things become more expensive, obviously.
Speaker 2 (03:51):
Way more expensive. That's at the old spaghetti factory in
Conquered from six to seven thirty PM on June fourth,
called nine one six nine six seven thirty five hundred
to register. Now and all right, let's go into current
current events, current economic stuff going on.
Speaker 4 (04:10):
The market's come back quite a bit, right, So that's
that's been a high point. We've had multiple days of
green on the screens, right. Red is bad, right, but
you know, from where we're at right now, a little
bit of red is warranted because we don't want to
get two head of ourselves.
Speaker 2 (04:31):
Yeah, we really kind of need maybe a little bit
of a pullback, a little bit of a either refresh sentiment,
you know, and then get some cash potentially coming off
the sidelines, and then and then we probably start another
leg up, right.
Speaker 4 (04:49):
I mean, technology and semiconductors have seen a big impact
from one really stem from initially first the ninety day
delay of all the elevated tariffs right that happened last month.
That started that started things off and but still a
little bit of a bumpy ride and volatility.
Speaker 3 (05:12):
Then we had to fed FOMC meeting.
Speaker 4 (05:15):
They stood pat right kind of where they're at, didn't
change anything as far as the rates are concerned. Market
didn't move a whole lot during that meeting, which was
last week on Wednesday. And then what's really popped the
market is we have a ninety day delay specifically with China,
and you know that went from one hundred and forty
(05:38):
five percent additional tariffs down to thirty percent and China's
went from one hundred and twenty five percent down to
ten percent. So that moved the needle quite a bit
and put optimism back out there in the markets you're seeing,
which literally two weeks ago there was recession warnings. Probability
(06:00):
session was increasing to you know, some investment firms had
it by fifty percent or over fifty percent. To now
they're changing their tune and lowering the risk of recession.
Speaker 2 (06:12):
And at our tunes, at least my tune never changed.
I never believed that we were going to have a
recession at least this year because the softening of the
economy and the things that usually are the precursor to
that just weren't coming to fruition. They weren't there. So,
(06:33):
you know, and we both of us talked about that.
We thought the tariffs, and we talked about four different
scenarios with the tariffs, and the one we favored most
is actually happening, which is that it would stimulate and
make negotiations happen faster, and that and that any company, companies,
(06:57):
countries actually inking a new a new trade deal would
make the market, you know, take off and be a
tail win versus the headwinds that it was in early
tariff tariff Land, Yeah, Teriffland Yeah, so not what's the
(07:17):
one with Sevester Salone we were watching before? Oh, Tulsa King,
Tulsa King, Tulsa King.
Speaker 3 (07:22):
I'm thinking of Land but I'm thinking also, I think
I'm blending land Man. Yeah, Land.
Speaker 2 (07:27):
Something great shows.
Speaker 3 (07:28):
By the way, I'm thinking of it.
Speaker 4 (07:29):
Yeah, And I'm thinking Trump is kind of like a
little taking a little bit from each of those characters, right,
Tulsa King, Sylvester Salon and land Man just doesn't put
up with ship.
Speaker 2 (07:38):
And by the way, neither of those shows are for
kids or grand kids. So if you're somebody retired listening
to our radio show, those shows are definitely not for kids,
but they're wildly entertaining.
Speaker 4 (07:54):
But I think our point, you know that we've talked
about I don't know how many episodes ago with all
of this, you know, all the volatilities surrounding the terriffs
and the focus on tariffs and how it can impact
the markets companies if they need to raise their prices
to pass on to consumers.
Speaker 3 (08:14):
So you know, Ford guidance.
Speaker 4 (08:16):
Some companies just did away with forward guidance and their
earnings because they weren't sure what the future helped, just
due to the uncertainty. And you know what you and
I talked about was, I think the whole theme and
what we thought of all of this was Twofold was
one yes, to level the playing field and to go
(08:36):
out this hard and fast instead of dragging this out,
which in his first term, you know, the whole China,
you know, us in China kind of dragged out for
longer than it should have. So I think doing that
and trying to get enough meaningful deals done within this
ninety day delay period to then just do away with
the delay and.
Speaker 3 (08:56):
Say, Okay, we've done enough meaningful deals, We're.
Speaker 4 (08:59):
Happy worth are at the bars lowered across the board,
with enough meaningful countries in regards to tariffs, and we
can just focus more on continuing the existing tax cuts,
maybe enhancing tax cuts.
Speaker 3 (09:15):
Deregulation and other areas.
Speaker 4 (09:17):
Of the market and economy that are going to be
more growth oriented, right and to really spread growth.
Speaker 3 (09:23):
And so we're seeing that unfolding actually right now.
Speaker 4 (09:25):
We talked about that weeks ago, and now we're seeing
the shifts or the focus be more towards not as
much as tariffs, but now it's shifting a little bit
more focused on the tax situation.
Speaker 2 (09:36):
With the Beautiful Bill exactly. Yes, I was watching the
news this morning, and you know, you got various congress
people and Senate senators, you know, all either pro or
against the Big Beautiful Bill. At least most of the
(09:57):
Republicans are for the Big Beautiful Bill. However, it's not
gonna at least in its current form, it's not doing
what the Republicans promise. I mean, as of right now,
there isn't major cuts at all in this bill. There's
cuts to taxes, but no cuts to spending. And we really,
(10:21):
I mean it's actually, if we look at the numbers,
what what Congress and Washington is proposing is a seven
trillion dollar spending package for this year. That's insane. That's
one hundred and fifty billion dollars short each month. And
(10:43):
so the whole point of all of this, which which
excuse me, was to cut to be able to affward
the tax cuts. You're listening to the Wise Money Guys
radio show. I'm your co host John Scambrand. I'm here
with my partner just up Wisconsin, and we were talking
about just some of the economic things going on and
we were we were talking about the tax bill, the
(11:06):
big beautiful bill, and in its current form, that is
literally nothing that the Democrat that the the Republicans ran
on because there is no cuts. Not only are there
no cuts, everything is, yes, there's tax cuts, there is
the the no tax on tips, no tax on social security,
(11:29):
no tax on overtime. However, that makes the the cost
of it, uh increase the overall demand on on the budget,
and so we literally need to go back to pre
COVID spendings, which would which would represent about you know,
(11:50):
a one and a half trillion dollar cut to this year.
Now think about that for a second. That's not saying
cut anything out of what people have been receiving. It's
just the waste. I mean those the Department of Government
Efficiency showed us that there was literally trillions of dollars
(12:12):
in waste in the federal government and all of the
entitlement programs this year. That's not cutting or meaning potentially
people would lose benefits. No, it's just getting rid of
people who should not be getting benefits. And so anyway,
but that thing, I could see that literally not happening
(12:35):
by June, which was the goal. It might not even
happen at all, because you've got Republicans that are needed,
like Ron Johnson or Ryan Paul who are just going,
I'm not signing this thing. I'm voting for this thing
because it increases spending. That's not why we got elected.
Speaker 3 (12:55):
We got we had to.
Speaker 4 (12:56):
Yeah, a lot of the complaining and the inflation. The
where that stemmed from is all that spending, which we
did a ton of it last year. It can't continue
on this year as well.
Speaker 3 (13:06):
Well.
Speaker 2 (13:08):
Ever since COVID, none of the COVID spending dried up,
they continue to just subsidize you know, really cities, universities, entitlements.
They continue to subsidize it at current COVID you know,
pandemic shut down levels, so there is zero reach.
Speaker 3 (13:33):
We're still Yeah, all.
Speaker 2 (13:35):
They have to do is cut that pandemic spending out,
and the the United States economy would explode. I mean
having said that, you know, there are things that are
that haven't even been spent, like the the Inflation Reduction
Act or the Chips Act and so and if you look,
(13:59):
you know, the chips have been kind of going all
over the place late, like Taiwan Semiconductor, like some of
the non obvious ones like Amazon, that super micro computer,
super micro computer, you know, the artificial intelligence volunteer, polunteer,
you name it. But oh, by the way, people, you're
(14:22):
you're gonna have to keep listening to the end of
the show because I'm going to talk about the double
top secret Amazon type company investment that's out there that
you know, is a pretty cheap price considering what its
potential is that I like, not recommending it.
Speaker 3 (14:46):
But just found it interesting.
Speaker 2 (14:49):
Something you read, super interesting something I read. I added it,
you know, to to to families portfolios. Again, not recommending it,
but pretty excited about it.
Speaker 3 (15:02):
And so we.
Speaker 4 (15:02):
Said, you're going to hold it to the end, but
it sounds like you're spilling the dunes ALREADYO.
Speaker 2 (15:06):
I'm going to hold the symbol and the name of
the company till the end of the show so that
people have to keep listening. But also, this is the
type of stuff that we show people in our seminar,
you know, when we when we do our seminars, we
show people are are some examples.
Speaker 4 (15:22):
Yeah, some examples of portfolios.
Speaker 2 (15:25):
What's in the portfolios, what people's asset allocations look like.
That's that's typical that that we manage and what sort
of returns and dividends and interest are are typical and
people are typically blown away. I think I've used the
word typical enough.
Speaker 3 (15:43):
Yeah, you've expired them. You inspired the word sentence.
Speaker 4 (15:48):
But nevertheless, but yeah, the Semiconductor's roller coaster ride dropped
by thirty eight percent, you know this year. The peak
was February nineteen, and then just road the roller coaster
down thirty eight percent, and then it's rebounded quite a bit,
up forty three forty four percent, And some of it
(16:11):
has been from the alleviation of these elevated tariffs. The
ninety day delay with China has had a big impact
as well. And then just recently Trump visiting the Middle East,
striking some new investment deals with Saudi Arabia, Qatar and
countries around there, and also in Nvidia selling eighteen thousand
(16:36):
of their AI chips through Saudi Arabia's human If I'm
saying that right, who.
Speaker 3 (16:42):
Knows, But that's all.
Speaker 4 (16:46):
You know, Growth oriented for our markets and our economy
is this, you know, up to I think over ten
trillion dollars and either domestic or outside or foreign investment
that's going to be coming into the US, which is
what we need more of versus spending.
Speaker 2 (17:04):
Yeah, don't forget the free plane that Democrats are completely
freaking out about that Katar is getting here the United States.
Oh yeah, Quitar is giving the because Boeing can't get
its act together and deliver on the new Air Force
one plane. Katar just decided to give one of its
(17:25):
brand new Boeing seven eighty seven planes to the United
States government. And they're calling it, you know, democrats and
the news is calling it a bribe to influence pedaling
on President. No, it's going to the United States, not
to President Trump, and it's going to be you know,
(17:48):
part of obviously his legacy as as president, but it's
not personally going to that's been that's been the lay
is so impeach Trump because he's he's got a quid
pro quo again. And it's this plane that Qatar is
giving the United States. And even on the news today,
(18:12):
the crowned prints of Qatar or wherever that area was saying, now,
we didn't give it to Trump, we gave it to
the United States. Now think about that for a second.
The world is used to getting trillions of dollars from
the US and now you have a country who's you know,
(18:33):
giving giving a plane and the world is, you know,
not the world, but the democratic world. The democrat world.
Speaker 3 (18:43):
Is those who pose Trump.
Speaker 2 (18:44):
Yeah, terrain syndrome is just frothing.
Speaker 3 (18:49):
Well, you know, that's that's not surprising.
Speaker 4 (18:53):
That's been going on for what eight years now, back
and forth, both sides, back and forth.
Speaker 3 (18:58):
But the other thing with Boeing.
Speaker 4 (18:59):
That I read is that guitars ordering one hundred and
eighty planes from Boeing too. So all of those activities,
whether it's you know, increasing orders from some of the
goods and services that are derived from companies from the US.
For an investment where you have companies like Taiwan Semiconductor,
(19:19):
you know opening facilities or car manufacturers opening facilities in
the US, that is all going to you know, and
it's going to have it takes time, but that is
all going to be a proponent to added growth for
our economy and our markets. But yeah, I agree with you.
I mean, they need to And I didn't realize how
(19:39):
much spending was in that bill. That's ridiculous. It's just
it's just absolutely out of control. When you look when
you put in the cost of the it's just pulling
a proposed tax.
Speaker 3 (19:49):
It's detracting from all of the.
Speaker 2 (19:52):
You know, the whole point. Yeah, except the whole point
of Congress, you know, being run and controlled by publicans
that were voted in to do one thing, and one
thing only cut government spending. That's the only reason why
they got elected. And if they don't do that, unfortunately
(20:14):
most mid terms usually that the House changes swamp and
so it could change hands drastically in twenty twenty six.
So it's just an absolute shame.
Speaker 3 (20:27):
You know.
Speaker 2 (20:27):
I'm on the side of Ron Johnson and Ran Paul
and others because you absolutely have to go back to
pre pandemic government spending levels otherwise we're going to go
right back into the hyperinflation that we have.
Speaker 4 (20:42):
What caused all of that, that's what caused all also
had to that's what had to you know, force federal
reserve to you know, tighten monetary policy.
Speaker 3 (20:50):
So we can't go back to that. Yeah.
Speaker 2 (20:51):
Stage, So you're listening to John Scambray to set pie
Wisconti and I should give out the date to our
seminar again, especially if you just tuned in, if you
want to come meet us in person and see what
we do and how we help people, especially people who
are retired or about to retire. Come to our workshop
(21:15):
on June fourth at the old Spaghetti Factory in Conquered
from six to seven thirty pm. Again that's June fourth,
which is a Wednesday, from six to seven thirty pm
in Conquered called nine six nine six seven thirty five hundred.
Of course, if you just want to come in for
a no obligation consultation, our door is always open and
(21:39):
to get on our calendar called nine one six nine
six seven thirty five hundred. So you know, you look
at this and my goodness. We started saying strategically at
the beginning of the year, trim profits, take profits at
least some profits off the off the or rebalance, rebalance,
(22:00):
trim some of your stock position. Look to fixed income
now here we are, and alternatives, which we were right
on especially look at alternatives, and here we are that
we were right on the money when we said to trim.
Then we started saying, you know, several weeks ago, look
to be maybe rebalancing again, buying the dips. We were
(22:24):
right again. And now we're saying that probably have a
little bit of a pullback here. So you know, don't panic,
don't freak out. You know, when when you see something,
especially after such a nice rebound, you know, come off
a bit to or or.
Speaker 4 (22:44):
Put some of the cash on the sidelines. It's an
opportunity to put some of the cash on the sidelines
to work. And some of the exactly and some of
the names that you wanted to or or have gotten
away in these past five six trading days, right, that
have just soared. I mean, paling was up, up, up, up,
h hit all time high, and then in the day
after it went down threey four percent. So you know,
(23:06):
names like that or anything else that you're eyeing or
looking at or already having your portfolio. That's where you
can start putting putting your cash to work. Is when
there's breathers in the market. You know, granted nothing no
big event has taken place which triggers a pullback in
the market.
Speaker 3 (23:25):
Right, it's different.
Speaker 2 (23:26):
Yeah, you know, I literally said almost verbatim that we
will look upon you know, last month and the month
before correction and crash. Actually the S and P crashed.
It was down from from its peak in February to
you know, roughly in late March early April down twenty
(23:49):
two percent. That is a definition of a crash. So
the Dow had a correction, which is the definition is
minus ten percent. But the S and P and the
Nasdaq s and P was down twenty two, Nasdaq was
down twenty nine. Those are stock market crashes. And I
(24:10):
literally said, verbatim, don't look back on this again. This
this this current crash that we had, and go, I
wish I would have bought whatever it is. And sure enough,
you know these dips because we started saying by the
dips especially you know, look at dollar cost averaging. Look
(24:32):
as Joseppe just said, to move some of your cash
off the sidelines and back into things that have come
down drastically for no other reason than just potential you know,
tariff impacts. Because that's all it was, was potential impacts
to revenue which didn't happen.
Speaker 3 (24:54):
Yeah, it's all.
Speaker 4 (24:54):
It was all dependent on how long the tariff sworees
stand place. And that's what nobody knew, right, So that's
that's what caused the volatility. Is the terror elevated TERRAF
is going to be you know, in place for a month,
two months, three months, all year so on and so forth.
But to piggyback or later on to what you just
said as far as portfolio kind of portfolio management, maybe
(25:16):
you had your portfolio, you didn't do anything right, you
made no moves, you did no rebalancing, and you felt
the full impact of the volatility. And what's taking place
in the past couple of months. Well, now the market
has you know, it hasn't fully recovered to its highs
in February, but it has recovered quite a bit, right,
and it's closer to its all time highs depending on
(25:37):
the endsicy that you track. But this could be an
opportunity if you didn't do anything back then, you didn't say, hey,
I didn't diversify. I should have further diversified my portfolio.
Oh my gosh, look at my account. My stocks are
going down. Now it could be an opportunity where you
can start trimming off your stocks and rebalancing or adding
some of these other asset classes, taking advantage of fixed
(25:59):
income because it's just right, are still attractive out there
and fixed income, or adding in alternatives if you don't
have alternatives into your portfolio to further diversify. This is
a point in time where you can start doing that
and diversifying and spreading it out a little bit more
so that when there is volatility that comes back into
the market at whatever point, because we're not completely out
of the woods that you know, because we're in a
(26:21):
ninety day delay, markets like it, ninety day delays specifically
with China as well, and we're having some of these
investment deals going on and foreign nations and markets are lacking.
That doesn't mean that everything's going to be dandy for
the rest of the year. Yeah, So this is a
point in time where you can you know, diversify and
then start adding in and dollar cost averaging into positions
(26:44):
that you wish you had.
Speaker 2 (26:45):
You know, as we're having this conversation this fine Saturday morning,
one of the things that continuously just I just don't
understand unless you're you know, doing the things that we're
talking about. It amazes me how many people who are
retired try to do this by themselves because maybe they
(27:09):
think they're avoiding some sort of huge fee. Maybe they
think it's too big of a hassle issue, and it
could be yeah, could.
Speaker 3 (27:19):
Maybe they had a bad experience in the past exactly burned.
Speaker 2 (27:23):
But still, if you're you know if you're finding that
you continually continuing to make the wrong decisions like when
to get out, when to get in, you know, when
to dollar cost average, when to rebalance, when do you
know add different types of exposure and sectors and categories
of investments to your portfolio. You absolutely shouldn't give us
(27:47):
a call uh nine one six nine six seven thirty
five hundred. The other thing is now with our new
partnership with Farther, we are multi custodian, which means you
might not have to change change accounts at all. You
might not have to change anything from you know, what's
connected to your account, like your bank account that you
(28:09):
do bill pays from and those things maybe from your
brokerage account, so on and so forth. Because now not
only are we affiliated with SCHWAB, will also be affiliated
with Fidelity and Goldman, Sacks, just Pershing, BN, y Melon,
So there's a whole list interactive brokers. So if you
(28:32):
have accounts at any of these places and you want
a second opinion, you want somebody to just take just
take a look at what you've done and see if
what we recommend is, see if how we do things
make sense for you. It may be without having to
do anything but just hire us as your advisor, as
(28:55):
your fiduciary advisor on your existing account. So call us
at nine six seven thirty five hundred to find out
how easy it could potentially be for us to help you.
Speaker 3 (29:09):
So the other thing I.
Speaker 4 (29:10):
Want to add to that is not only just being
multi custodian, but also we'll be we'll have access to
other facets within wealth management through our partnership with Farther,
which is they have a couple trust and the state
planning attorneys on staff.
Speaker 3 (29:27):
Not that they're going to draw up documents, not at
this point that.
Speaker 2 (29:30):
They'll review your document, but they but.
Speaker 4 (29:32):
The review gives some insight, you know, look for any
red flags, which saves.
Speaker 2 (29:36):
You money because often you know, people have old trusts,
right and they need to be amended, haven't been reviewed,
and a lot haven't been reviewed, sometimes in decades, right,
So that's a huge perk.
Speaker 4 (29:50):
But then tying tying that in also with financial planning, right,
so we'll have access We'll still have access to financial
planning tools, now we'll have access to another financial planning
tool and a team that also helps with financial planning.
So it'll it's we were already comprehensive, but now it's
just going to take it to the next level. We'll
(30:10):
be able to bounce ideas off of other professionals and
have just an expanded resource and enhancement for existing and
new clients.
Speaker 2 (30:21):
I'm glad you mentioned planning because speaking of planning, lots
of firms out there charge separately for planning.
Speaker 3 (30:28):
We do not.
Speaker 2 (30:30):
We include a comprehensive written financial plan or a retirement
module style financial plan within your investment advisory fee, your
annual investment advisory fee. And most of the time people
find that our fees are something that are very realistic
(30:52):
for the value that we bring to the table. But
more importantly, when you look at some of the money
that people are already spending indirectly embedded inside of their
funds that we take them out of, especially if you
have the portfolio size where we're buying you individual bonds,
individual stocks, alternatives, so on and so forth, that we
(31:13):
may be saving you most of what our fee is annually.
So don't let the worry that you know we're too
expensive or that it's too much of a hassle because
I might have to change my Fidelity or Schwab account
or Goldman or Melon or Pershing or Interactive Brokers. If
(31:35):
you have any of those accounts, you don't have to
change those at all to hire us, and financial planning
comes and as part of our investment advisory fee. So
that's just that's just huge, you know, especially.
Speaker 3 (31:52):
Because there's more.
Speaker 4 (31:52):
It's more than just looking at the investments or an
investment account, right, and that's you know, a lot of
times what we find people work in silos or their
accounts or are spread around and they have maybe one
financial advisor here, another financial advisor here, another account maybe
they're managing on their own, and so all of these
are in silos, and how are they all working together?
(32:14):
Do they compliment to each other? Are they working against
each other? Is it duplicating assets that you have, like
do you have too much exposure to semiconductors? And you know,
went down thirty eight percent in these past couple months,
and you had three different accounts in three different places,
but they're all pretty much the same thing correlated, and
so that's so right, So those are those are the things,
(32:34):
and that's that's the overall macroview that we take as
far as our approach with our clients and it's not
just looking at hey, let's manage this one investment account
and that's the end of it.
Speaker 3 (32:45):
It's taking a comprehensive approach, and.
Speaker 2 (32:48):
Once again from a conversation perspective, as we talk about
investments and strategies and the economy and things like you know,
trim profit, you know, buy the dip, so on and
so forth. Always consult your investment advisor. If you don't
(33:11):
have one, definitely give us a call and or your
tax professional before making any decision. And keep in mind
that all investments pose risk, including the possible loss of principle.
With that wonderful disclosure. The company that I found interesting
after reading one of the many research reports that we get,
(33:34):
and that's one of the benefits of working with advisors
like us as well, is we get and are in
tune with the data, with all the research, the news,
so much analysis, strategy, investment outlooks, so on and so forth.
That that's part of what you get when you work
(33:58):
with a professional firm like ours. So one of the
research reports I was reading today that I like and
follow was about a company that is similar to what
Amazon does here in the United States and around the world,
but it's based out of South Korea, and it's basically
(34:19):
Amazon like but out of South Korea. And if you
think about that, you know, as we do these tariffs
in battle China, you see all these major international you
know type companies moving business from China to Korea, South
Korea to Vietnam, to India and so on and so forth.
(34:40):
So that's why this made this company maybe in a
good position with the tariffs on China and companies really
redeploying their manufacturing efforts and revenue efforts elsewhere. So South
Korea is a big target country that a lot of
(35:04):
stuff comes out of that we consume and maybe even
more so here in the near future. But the company
UH is qpeng and you spell that co U p
A n G and the symbol is CP and G. So,
like I said, I read the research report about it
(35:24):
was very intrigued and I think it could benefit from
you know a lot of this new UH manufacturing change
from China to other countries.
Speaker 4 (35:36):
Do they just is that like the Amazon for South
Korea or do they go to the distributed So they.
Speaker 2 (35:42):
Were in South Korea, but now they're distributing to other countries.
And on top of that logistically they rolled out, uh,
not only free delivery when it comes to returns, something
that that Amazon doesn't do. They'll pick up your returns
at your door and do free returns. They do this,
(36:04):
and so this company is maybe.
Speaker 3 (36:06):
Because South Korea is more densely populated.
Speaker 2 (36:09):
Could could be, but you do the U and the
research report, you know, detailed how they're doing, what they're
doing and what they're uh, what their differences are that
they're potentially improving upon. And that was just one example
versus Amazon. And so anyway, the other thing is is
(36:31):
from a from a stock price perspective, when you look
at the AI stocks, when you look at the big
mega caps, they're all super expensive. Right, they were cheap
just a few weeks ago, Well they were cheap and
decades ago, you know, they were in the you know,
the low double digits. But here's a company that's now
(36:52):
in the in the lower double digits. It's about twenty
six bucks per share and that's just hard to find.
Speaker 3 (36:58):
Now.
Speaker 2 (36:58):
That doesn't mean that it's a great price and you
absolutely buy it. It just means that for a company
that potentially will benefit from from the tariffs as far
as supply chains, and consumption being based out of a
out of a different country than China, This would be
(37:21):
one of those in my opinion, So you know, take
it for what it is, and then other than that,
I still continue to love these alternatives. And I was
blown away at the one we did last week that
we mentioned in our workshop was coming. And I just
(37:41):
want to bring those up because, man, get these while
you can. I mean, you never know when you know
that the our income market is going to dry up. Currently,
you know we're getting double digit low double digit fixed
and you're rich turns in these structured notes, there's some
(38:02):
nuance to it, but those aren't here to stay.
Speaker 5 (38:06):
No, those I mean, I mean it used to be
used to be like high single digit you get super
excited about. Yeah, and that last one we did had
better than the potential to pay better than one percent monthly,
you know, as long as the markets didn't drop thirty
percent and that it doesn't matter which indusy. But just
(38:28):
for conversation points, I mean.
Speaker 4 (38:30):
As a as a as perspective, like we just talked
about earlier in the episode, I mean Nasdaq by itself,
So if NASDAK was one of the industries that attract
from February nineteen. If you had absolutely bad luck and
it traded February nineteen, I mean that went down, but
it went down twenty seven percent, So you're still okay
in that instance where you would have still got paid
(38:51):
out one percent. Now obviously the indices have recovered and
you would have continued to get paid out.
Speaker 2 (38:56):
Yeah, So just to recap that a little bit, because
I think while those are here, people should absolutely come
in and see us and see how these might make
sense in their portfolio. For a piece, anytime we're talking
about anything, it's never that you know, you put all
of your money, and the saying you never put all
of your eggs in one basket, it's for a piece.
(39:17):
We use a five percent rule roughly. It's not a
line in the sand. It's just a guideline that, you know,
if we're putting a position in somebody's account, especially a
new one, we'll put five percent roughly of their portfolio
in that particular position or less. Unless it's like a
(39:38):
really good, a rated you know, bond, we might go
a little bit more. But for the most part, if
it's something that has a variable results component to it,
a variable return component to it, we use a five
percent rule, and so these alternatives, these structured notes that
(40:00):
fall under alternative strategies. I mean that one last week
at twelve point six percent with a thirty percent downside
barrier on the S and P, DOW and Russell.
Speaker 4 (40:12):
Getting stuck knows DEW, SMP and equal weight NASDAK.
Speaker 2 (40:18):
Yeah, I mean that's insane. So call nine one six
nine six seven thirty five hundred to learn more about
alternative investments and how they might be right for your portfolio,
or come to our workshop on June fourth at the
old Spaghetti Factory in Conquered by calling nine one six
(40:38):
ninety six seven thirty five hundred. So that's about all
I have actually this morning, other.
Speaker 4 (40:47):
Than you do you want to talk about China because
we can go another ten minutes. Yeah, no, I'm joking,
but I think alter. I think the other thing outside
of alternatives which has been gaining a bit more popularity
is real estate, right in real estate exposure but doing
it through because you know, we have some clients that
(41:08):
have investment properties and they're either have had them for
a long time, they've been tired of kind of managing it,
or whatever the case may be, or maybe they've decided
that they're going to delve into getting an investment property
out of state and didn't really pan out the way
they thought and kind of a bigger headache than what
they anticipated it to be. But they don't want to
(41:28):
sell it realize the capital gains, and so what do
they do? And there's ten thirty one you know, exchange
opportunities where for those situations or events where you can
sell your property and then take the proceeds from that
and defer the taxes. We're not having to pay the
capital gains, but you can put it in another real
estate portfolio that's professionally managed for you. And you could
(41:51):
do either through UTS or what's a little bit more popular,
maybe not as known as much as through DST, which
is Delaware statutory trust. And then you have direct ownership
right of portfolio. And they could be portfolios of commercial property,
could be distribution centers, senior healthcare centers, multifamily, you know, residential,
(42:12):
whatever the case may be.
Speaker 3 (42:15):
But then you still have the source of income.
Speaker 4 (42:17):
And they range anywhere from on the low end because
there's more conservative portfolios and some that are a little
bit more you know, going towards like Hey, maybe a
place that has been mismanaged or or haven't been managed properly,
or maybe a little bit of needs a little bit
of LTC right and you can get a little bit
more of the growth factor in there and maybe a
(42:38):
higher payout. But it can range anywhere from like mid
forest to just above six percent on income, and some
of them have some growth potentials, while we've seen up
to a total return of about twelve percent a year overall.
So it's pretty attractive, especially now in the real estate
if you go try and find i know here locally
in California, you know, to go find an investment property
that doesn't need LTC unless you and we've talked about it,
(43:01):
you know, putting sweat equity, that's kind of the best scenario.
You mean TLC. Oh, my thing, you put too much
long term care? Yeah, thanks for the correction. I'm thinking
you put so much sweat equity that you're going to
need lung term care to DLC.
Speaker 2 (43:19):
But the other thing to keep in mind that these
are not new and so some of these strategies that
we talk about, if they sound complex, well they might
be if you were to go it alone. But you know,
reads real estate investment trusts, DST Funds, Delaware Statutory Trust
that you can ten thirty one that we help you
(43:42):
do this, by the way, and it becomes part of
your portfolio. Is not something new and it's not very complicated.
It's all guided by people who have done it a
very long time and are experts. So it isn't something
that you go alone. So if you have a highly
appreciated piece of property that you now want to liquidate,
(44:05):
definitely give us a call called nine one six nine
six seven thirty five hundred. Okay, we're out of time.
I hope you enjoyed listening to John Scambray and giseetpe
Vescani the Wise. Many guys have a wonderful weekend.
Speaker 3 (44:18):
Hope to see you next week.
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