August 14, 2025 • 40 mins
The market is poised to move either up or down in the coming months. Are you positioned to take advantage of the opportunites on the horizon? Host John Scambray takes us through his best strategies. Then, taking profit off the table, Tech and AI, three Golden Nuggets, and the latest on our upcoming workshop. 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):
Welcome to the Wise Money Guys Radio Show. I'm your
co host John Scambray and I'm not sitting here with
my partner Duseppie Visconti. We are certified portfolio managers that
specialize in helping people who are retired are about to
retire manage their money. If you like our show, or
have any questions or want to meet for a no
obligation consultation, give us a call at nine one ninety
(00:37):
six seven thirty five hundred. I got a little bit
of a dad joke to start off. Giuseppe is out
because he had Lasik surgery so he could not see
coming to work today. Ha ha. Anyway, that's a dad
joke for you. But what we're going to talk about
today is, first, if you're tuning in for the first time,
(00:58):
a little bit of our background. Giuseppe and I have
been in this business for almost to combined fifty years,
and I like to say we're battle tested, and that
just simply means that we've been helping people with managing
their portfolios, creating portfolios, helping them with their financial plans,
(01:19):
retirement plan, comprehensive plan, family legacy, so on and so forth,
through good markets, bad markets. You know, good economies, bad economies,
high interest rates, low interest rates, so on and so forth.
The great thing about working with us is that you're
partnering with one of the region regions Area regions top
(01:45):
investment I don't know why that's a tongue twister this morning,
but one of the area's top investment advisory firm. We're
backed by an incredible fin tech company, financial technology company,
as well as affiliated with some of the largest investment
houses in the world. So when you work with us,
(02:08):
you get to have access to either Fidelity, Schwab, Goldman, Bny, Melon,
Interactive Brokers, so on and so forth. So it doesn't
matter where your accounts are if they're at one of
those firms, which simply means that if you come in
(02:29):
for a consultation and you like how we do things,
you like what we show you, you think it can
help you, and you have an account already, your IRA,
your four to oh one K, your trust, your individual account,
your joint account, whatever the case may be, at any
(02:49):
one of those firms. You do not not have to
change accounts, We do not have to move you from
one company to the other. Simply can be hired to
be your advisor of record and take over the management
and the active portfolio construction and rebalancing, align it with
(03:12):
your goals through the plan that we include with our
advisory fee, and it really is a hassle free change
to us, especially if you're not satisfied with where you're
at right now, or more importantly, which I often talk about,
(03:35):
if you're doing things yourself and you're retired. Why we
are in the period and I've talked about this many
many shows of when the risk in the market to
pull back is very high. We are one headline away
from a substantial correction, could even be ah. I mean,
(04:01):
I don't know if you know, but in April and May,
the S and P was down over twenty percent, the
Nasdaq was down over thirty percent. So yes, even though
we're at records right now, if you made a mistake
managing your money yourself in the April May time frame
(04:24):
because you panic when stuff went down, rather than rebalancing
finding you know, opportunity in the decreased in prices and
just locked in losses. You would now be, you know,
battling back just to get to where you were. So
(04:45):
why you would put that stress on yourself, especially if
you have all the money you need and it's going
to go to your legacy, or you're taking more risk
than you need to have because you know you're in
is enough already, or your income you know doesn't require
(05:06):
as much risk in your portfolio to get you where
you need to go. So what we call that is
minimum return to objective, and that just simply means that
if let's say you have a half a million dollars
and you've got it invested in an all mutual fund portfolio,
more importantly, an all stock mutual fund portfolio, and you're
(05:30):
drawing down thirty or forty thousand dollars a year from
that portfolio, if it's an all growth portfolio, then the
only way you are able to draw down that money
without your principle going down is whatever you paid for
those funds has to increase by that dollar amount each year. Well,
(05:54):
we're looking at the bigger picture. We look at the
fact that there's five categories of investments. There's of course stocks,
which we just talked about, which you can bind many
different forms, the individual stocks which we favor, or mutual
funds or exchange traded funds. But the reality is that
(06:18):
it's very hard to make what you need to make
with the least amount of risk possible if you're in
all stock funds, all stocks, or all stock ETFs. Right now,
the fixed income, the bond market, the alternative income market
is a gift, a gift when interest rates are high,
(06:42):
and they're still high. So if you need a six
seven eight percent income because that's what your plan says
you need for the rest of your life adjusted for
inflation each year, which we do do, then you don't
need to have one hundred percent stock portfolio to get
to a six seven eight percent distribution rate on your money.
(07:08):
To learn more about that and let us show you
how that is possible, called nine one six nine six
seven thirty five hundred. Again, that number is nine one
six nine six seven thirty five hundred. More importantly, it
just reminded myself that if you're listening in the Reno area,
(07:29):
we are having a workshop at the Twisted Fork on
September tenth from six to seven thirty pm. Again, that's
at the Twisted Fork September tenth from six to seven
thirty pm. So if you're retired or about to retire
and you're wondering what you're going to do, especially with
(07:52):
how you're going to rebalance what investments you should be
in now without buying at the absolute top of the market. Sure,
could the market go higher, but maybe maybe not. That's
what will show you at our workshop. That's what we'll
show you at a consultation is what we do in
(08:12):
every sort of time frame and what our portfolios for
our clients look like right now and how they produce
cash flow and what risk they represent in your portfolio.
And I think you'll be substantially excited to learn that
we almost always, not always, not one hundred percent of
(08:35):
the time, but a lot of the time help people
actually take less risk. And to see that in person,
come to the workshop on September tenth at the Twisted
Fork in Reno from six to seven thirty pm, or
come in for a no obligation consultation by calling either
(08:55):
seven seven five four one five two six seven seven.
If you're in the rear you know area or nine
one six nine six seven thirty five hundred. Either phone
number will get you to Kathy so she can get
you on our calendar, or she can get you a
spot for our workshop. And by the way, we get
(09:17):
way more reservations than we can possibly seat in the restaurant,
So call early get registered, because you know, once we
get closer to the date, we actually have to start
turning people away, and we hate doing that. So call early,
get a reservation, or get on our calendar by calling
(09:40):
seven seven five four one five two six seven seven
or nine one six ninety six seven thirty five hundred,
and leave a message for Kathy because it is Saturday,
and she does not work on Saturdays. By the way,
she does not work on Friday. She works Monday through Thursday.
And she'll get back to you as quickly as she
(10:01):
can to get you schedule. All right, So a little
bit more of what we're going to talk about when
we come back. We're going to talk more about strategy
that's timely right now for your investments. Later in the show,
we'll get into some specific stocks that I'm seeing that
(10:23):
could be ones that have a lot of upside, especially
since they're beat up but they're in great sectors, so
you won't want to miss that towards the end of
the show. More importantly, stay tuned. You're listening to the
Wise Many Guys radio show. I'm your co host John Scambray,
and normally I'm here with my partner Joseppi Muscani, but
(10:46):
he's out today, So we are going to talk about
the strategies that we're employing right now for our clients
that are very timely, because I think it's crucial. Again,
especially if you're going it at it alone, which I
don't understand why you would do that, especially if you're retired.
(11:07):
You should be enjoying your retirement, uh, with whatever that
is to you, whether that's traveling, spending time with grandchildren, golfing,
working in your yard, tinkering on cars, whatever the case
may be. That's what you should be doing. Why you
(11:28):
would be sitting in front of a computer screen reading research,
watching you know, inflation data, watching the treasury market and
interest rates, watching what the Fed is doing, watching watching
what's happening on the geopolitical stage with you know, uh,
(11:48):
the Eastern Europe situation, the situation in the Middle East, East,
you know, tensions with China all could be one headline
away from your account going substantially down if you're not
properly allocated. And so that's what I want to talk
to you about now, is what should you be allocated in?
(12:12):
And I'm just assuming you know, you're sixty five to
eighty five years old, you're retired, You've got you know,
hundreds of thousion, thousands to millions in investments, and you've
had a pretty good run here since twenty twenty two,
maybe even since twenty nineteen, especially if you were working
(12:35):
with us and so, but let's just say since twenty
twenty two you had a good twenty three, you've had
a good twenty four, you've had a good twenty five.
We're at the time in the market where we come
up and kind of hit a wall during the September
(12:56):
October months. And it's not guaranteed, it's not written or
set in stone, but boy, I gotta tell you over
and over and over again, the markets tend to pull
back in September and October, even if they're not at
(13:17):
record highs, which we are at now. If we look
at the S and P five hundred, the Nasdaq, and
the Dow. We basically have broken multiple records. Maybe the
DOO isn't breaking as many records as the S and
P or the Nasdaq has done, but it doesn't matter.
The valuations of the companies that make up those indices
(13:42):
are at you know, elevated levels that are cause for concern.
So my strategy number one, uh here is to lock
in some profit. Boy, don't bite yourself, you know, for
not locking in pro it because you're worried that you're
going to miss out on more profit. We're not saying
(14:06):
get out of stocks. I think the rest of the
year is going to be decent. However, I think there
will be a correction, not a crash, but I think
we could have a five to ten percent pullback here
that I don't want you to panic about. And that's
when money is lost, is when one panics because they
(14:29):
don't know where the bottom will be, and you try
to get out before the bottom, and then you try
to get out at the exact top. That is not
a good strategy. That is not what you should be doing,
That is not what your advisor should be doing. You
don't have to get out at the perfect top. You
(14:51):
don't have to get in at the perfect bottom. But
you do want to base your investment decisions on where
prices are currently at. So if you're enjoying a huge
profit in Nvidia or any AI play, or any semiconductor play,
or any play for that matter, take some of it
(15:16):
off the table. And here's my recommendation. You know, generically
and strategy wise, number two for this morning is by
fixed income while you still can bond rates. I was
just showing a client on a zoom call yesterday that
(15:37):
you know he could get six percent rates fixed and
guaranteed by the issuer in in a quality corporate bonds.
Now you have to go out ten years. But I
bet you ten years ago in in and beyond, when
(15:58):
rates went from two thousand in eight to twenty twenty two,
a fourteen year period, rates were terrible. You got about
one percent annually on a CD, and I bet you
you wished that you had money locked in for ten
(16:18):
years at six percent. Well you still can, but the
time is running out, and more importantly, the timing to
buy is running out, because as rates start trickling down
a little bit, the price you would pay goes up.
(16:39):
Each bond is issued. In one thousand dollars increment, and
as rates come down, those bonds with higher rates than
current rates start trading at a premium, and then your
yield to maturity is less than what is printed stated
(16:59):
garan by the issuer. And right now we have just
the opposite of that. Right now, you could potentially get
at least the same as what the issuer is guaranteeing,
or slightly more at yield to maturity by going out
(17:19):
five and ten years. Now. I certainly wouldn't go out
longer than a ten year maturity. The volatility is too
high and you're not really getting that much over six percent.
For going beyond ten years, I mean fifteen twenty years,
you're getting like six point five. It's not worth it.
(17:40):
So five, you know, years out, you're getting in the
high fives. Uh. Ten years out you're getting in the
six to low sixes. That's as of today. That literally
could change tomorrow. So let me go back to my
previous example. If you're somebody who's drawing out, you know,
(18:00):
thirty thousand or or forty thousand on a portfolio of
five hundred thousand, maybe because you have to, because you're
in your seventies and you're past RMD and you're having
to take out a good chunk of money, then why
not have that chunk of money be interest or dividends
(18:22):
versus you know, trying to achieve growth to get that
same cash flow. And so that's what that really means
right now, if you have five hundred thousand dollars and
you can get six percent fixed, that's thirty thousand dollars
a year. We're not going to be in that situation.
(18:43):
Long term rates will go down. They always go down,
they always go up. But right now we're in a
high interest rate environment, and soon you know, we might
be a low in a low interest rate environment. The
point is is take advantage of the gift of higher
interest rates right now for a portion of your portfolio
(19:07):
while you can. Now, if you're not experienced at buying
individual bonds, you don't want to do it yourself. You
definitely want to come in for a no obligation consultation
and do that by calling us at nine one six
nine six seven thirty five hundred. Again that number is
(19:28):
nine six nine six seven thirty five hundred. I should
take a moment to say our show is brought to
you by one source wealth management powered by farther. For
more information, visit our website at wisemneyguys dot com. You'll
find important disclosures and information about our company. And by
(19:50):
scrolling to the bottom of the page. And more importantly,
keep listening to John Scambray and the Wise Money Guys
radio show. Are going to talk about three different companies. Now,
I don't know if these stocks are right for you.
Make sure you consult your advisor. If you don't have
(20:12):
an advisor, give us a call for a no obligation consultation.
And once again our numbers nine one six, nine sixty
seven thirty five hundred. And always keep in mind all
investments can lose. Principle, there's no such thing as something
that's absolutely one hundred percent guaranteed has no risk. And
(20:34):
if you're looking at something or somebody's trying to tell
you that, oh you can't lose on this, run the
other way and give us a call. Now that being said,
also keep in mind that past performances and to guarantee
of future results. However, I do like these companies right
(20:54):
now because I like the industries industries that they're in. Remember,
when you have stocks in your portfolio, it's good to
not have all the same sector. So that's actually strategy
number three for the portion of your portfolio that's in stocks,
(21:14):
have some diversification of sectors. Many times people you know
have mutual funds with different names and different brands. Oh,
I've got some Vanguard funds, I've got t Brow Price,
i have whatever the case may be, whatever the fund is,
Franklin funds, it doesn't matter, and then you think you're diversified.
(21:35):
The other day, we were showing a client who had
nothing but mutual funds, with hundreds of thousands of dollars
and maybe even close to a million just in mutual funds,
and we were showing them that almost every single fund
contained a large percentage of the top ten holdings in
(21:59):
the fund. We're the same from one company, and so
you're not. You might not be as diversified as you
think by owning mutual funds. And certainly if you have
hundreds of thousands of dollars, especially more than five hundred
or more than a million, mutual funds are more for beginners.
(22:22):
You can't really create a custom portfolio with open ended
mutual funds. You lack control, your advisor would lack control,
and it's just a kind of a cop out, if
you will, if you're paying an advisor a fee especially
(22:44):
and or commission, and then you have just a basket
of mutual funds. So getting back to the strategy here,
sectors are important. So whatever portion of your portfolio that
you have in stock, so let's say fifty percent of
your portfolio is in stocks. You know, sometimes being all
(23:08):
in one sector, like the tech sector, like the chip sector,
like the semiconductor sector, or like the AI sector has
done very well, but there's times when it absolutely will
punish you, like it did in twenty twenty two. Many
of the tech sector stocks that make up that sector
(23:28):
went down thirty, fifty, seventy percent or more in twenty
twenty two. And if you only had your money all
in that sector, you got your you know what handed
to you. And I don't want to see that happen
to you, especially if you're stubborn and you're not going
to come in to see how much better and easier
(23:52):
and stress free it is to have a team like
Giuseppe and I backed by some of the largest financial
search versus companies in the world in your corner. So
the sectors that I like right now. Again, I like
the AI sector, I like tech stocks. I like a
(24:13):
lot of different things. But what struck me as interesting
this morning, uh is in last week is and I Josepi,
we're here, he would say, boy, you're a broken record.
Is various ways to play the energy sector. There's many
energy stocks, oil stocks, you know, gas stocks that aren't
(24:38):
at record highs. And what's crazy about that, there's many
energy companies that aren't at record highs. Now you think
of the AI trend right now, or I should say, uh,
industrial revolution, because that's what we're in. We're in a
fourth industrial revolution. The last was the Internet, you know.
(24:59):
Now this one is the artificial intelligence industrial revolution. And
if you think about that, the fact that energy companies
are beat up right now is absolutely insane because nothing
requires more energy than AI companies. So whether it's data
(25:21):
centers or chip manufacturing or whatever the case may be,
there's other ways to make money out of this artificial
intelligence industrial revolution than just buying the obvious Nvidia, for example,
And so one of the companies that I think is interesting.
(25:42):
And that's all I say. It's not a recommendation because
I don't know your risk tolerance. I don't know. You
know what your needs are? Are they income? Are they growth?
Are they? Are they aligned with your goals? Your current
portfolio is that aligned with your goals? I don't know.
But I do like the energy sector. And there's obviously
(26:05):
the obvious way to be in the energy sector, which
is like buying oil stocks or utility stocks. But I
like nuclear stocks, and then I like companies that support
the energy sector. It's a company that I think could
also be a little bit of a defensive play. It hasn't,
(26:26):
you know, run up to record highs. It's off, it's
fifty two week high. But certainly as energy becomes more
and more important, and the different companies that support the production, generation, transmission, transportation,
so on and so forth of energy, like Modeine Manufacturing,
(26:51):
you know, this is where you should put some of
your money, that is for your stock allocation in. Again,
I don't know what this company is going to do.
I don't have a crystal ball, but I like it. Uh.
It's been around since actually i'm reading now, since nineteen sixteen,
(27:13):
and I like it that it also pays a dividend.
That's another strategy that we harp On preach about employ
with our portfolios over and over again, is be paid
something for your time while you're in a particular investment.
You know, if you're going to buy a stock, sure
(27:36):
there's gross stocks that you know, for a portion of
your portfolio that you're looking for to make you know, ten, twenty, thirty,
forty fifty percent over whatever timeframe. But then there's companies
that you're looking for that you know are just going
to keep up with what the average S and P
indicy has returned over any given decade, which is eight nine,
(27:58):
ten percent. And you can do that with a little
bit of your money coming from dividends and interest and
a little bit of your money coming from growth. Well
that's why I like this modeine manufacturer manufacturing is because
I think over the next two three four years, this
company will go up substantially as the need for its
(28:22):
products and services grows as it grows, you know, in
the sector and the hole and then all the fact
a bit of a while it's doing that and you
can get it like the treasury uh uh, you know,
(28:48):
the interest rates on those things are are guaranteed. But dividends,
you know, you look for a company that has a long,
long history of paying those and and Modine's one of them.
And so again I don't know if it's right for
your portfolio, but it's it's a stock that you might
want to take a look at because it's a way
(29:08):
to not just buy the obvious company to play or
add a little bit of energy exposure to your portfolio.
The next company that I like is another kind of
not so much under the radar, but one that's probably
(29:30):
not as popular again as buying an Nvidia or a
Tesla or a Netflix or an Amazon or a Google
or you know, a Microsoft, so on and so forth.
But it's albermar Albert Mari and let me, I don't
know why that has always been one difficult to say,
but the symbol is a lb Albo Albermarley Corporation, and again,
(29:59):
pays a little bit of a dividend. Not not anything to
write home about, but it's better than nothing. Pays two percent.
And again here's one that's definitely way off of its highs.
It's in the chemical industry, and again it's it's a
(30:20):
way to find value. It's definitely trading at a discount
when I go through some of its financials, and I
think there's a lot of upside in this stock, and
it's ALB. Again, whether it's right for your portfolio or not,
I don't know. Give us a call to find out
nine one six nine six seven thirty five hundred, or
(30:41):
consult with your current advisor or do your research. But
if you're looking for a company that is off of
its highs and has a dividend and has some potential upside,
I think this is another good one. And it's not
just another company me in the tech sector. That's what
(31:02):
I really like about it, and so that's ALB. So
keep that one in mind too. And we talked about
two stocks that I think are interesting. They were an
R Albermari and then Modyne Manufacturing. But there's two others
(31:26):
that I think are interesting to round out our show.
But before I tell you those other two names that
I think are interesting, what you want to look at
is your allocation, and don't forget that there's more ways
to make money than just stocks. And so that's something
(31:52):
very important to keep in mind when working with an
advisor or managing your money yourself, or if you're considering
a change. If you're considering a change, then know that
the way we do things is we build a portfolio
based on your time horizon, based on your tolerance for risk,
(32:15):
based on your need. Do you need income or are
you still in accumulation phase or do you have the
income you need and all the assets you need and
your investments are just going to pass to you know,
whatever your legacy is going to be, to charity, to
(32:35):
your kids, grandkids, you know, so on and so forth.
So once we know those things, then we design a
portfolio of either and this is the allocation that I
was talking about, a combination of stocks, bonds, alternatives, real
estate investments, cash and cash equivalents. And when you're looking
(32:59):
at your portfolio, this is my final strategy tactic of
the of the morning, is do you have investments and
what percentage of your portfolio is in those various categories.
And so when you're trying to de risk your portfolio, obviously,
(33:19):
then you're going to go towards more towards individual bonds
and cash and cash equivalents like a money market fund
on the cash side. And then when you're you know,
when you can tolerate more risk or you need more growth,
then you're going to move more towards you know, stocks,
real estate, holdings and different alternative investments. We've talked a
(33:43):
lot about alternative structures that we like, structured notes and
things of that nature, which I don't have time to
talk about today. But if you want more information, especially
if you don't have low correlated investments low correlated to
stocks and bonds, which is really what diversification should be,
(34:07):
you know, give us a call at nine one six
nine six seven thirty five hundred if you want to
see examples of that before deciding to meet for a
no obligation consultation. Come to our seminar in Reno at
the Twisted Fork on September tenth from six to seven
thirty pm. Call seven seven five four one five two
(34:30):
six seven seven, or of course you can always just
call nine one six nine six seven thirty five hundred.
And with that being said, we will have a seminar
in late September or early October uh here in the
Roseville Greater Sacramento area. Keep listening to get that date,
(34:50):
which will be announced soon. But getting back to these stocks,
so you know, it dawned on me when I was
looking at things and I actually heard an other analysts
talking about it during the week. Is you know, everybody
knows Nvidia. Everybody knows that it's the first four trillion
dollar market cap company or at least bouncing, you know,
(35:14):
around four trillion dollars in market cap. But what a
lot of people don't know is that there's another company
that makes a good portion of their actual chips and
they're not made by Nvidia. So a great way to
play in Vidia if you don't have Nvidia and you
(35:35):
wished you had in Vidia, because I think this company
could still go up substantially, although it does have some
geopolitical risk. Keep that in mind. It's Taiwan Semiconductor. If
you think about that, Taiwan Semiconductor is trading nowhere near
the valuation the market cap that Nvidia is trading at,
(36:00):
but yet Nvidia needs Taiwan Semiconductor. So I thought that
was interesting and and that's something you might want to
take a look at if you regret not have never
purchasing in Vidia. So, uh, Taiwan semi Conductor is TSM,
(36:24):
And I thought that was a pretty uh interesting conversation
that I read about and listened to on on ways
that you may be able to benefit from the AI
boom and you don't have Nvidia and wished you had
it in your portfolio. Again, these are the types of
(36:45):
things that we constantly Dusseppie and I constantly scour, you know,
whether it's whether it's news research, other analytical information, creating
our own films to search, you know, hundreds to thousands
of stocks for opportunity. If you're not doing those things
(37:08):
and you're just you know, I don't even know what
method you're using, please don't don't get caught with your
pants down right now when we could have a pullback.
I'm not saying we're absolutely going to have a pullback
or a correction here, but historically September and October don't
(37:28):
take much of an excuse for stocks to come down
quite a bit. They did last year, they did the
year before, They already did once this year in April
and May we came off of March highes and boom,
we had an actual crash, and I bet you many
people made the absolute wrong decision versus doing some rebalancing
(37:52):
and buying in in dollar cost averaging and more importantly,
locking in some profit that's just crucial. And that's just
a rehash of things we've already talked about. This morning.
So and then the final company that you know, again
it's beat up, it's down substantially, but I really like
(38:17):
some of the things it has in the pipeline and
and whether it's you know, the technology behind weight loss drugs,
cancer treatment, you know, other things that are just crucial,
uh these days to these types of companies. And it's
you know, not in the hundreds of dollars per share,
(38:40):
and again it pays a dividend, and I think there's
upside again not guaranteed, have no idea, don't know if
it's right for your portfolio, but you might want to
take a look at Mirk. Mirk is one of our
country's great pharmaceutical companies. And and again it's trading, you know,
(39:00):
in the let me look at it was trading in
the eighty dollars range and pays is projected to pay
almost a four percent dividend, and it has a fifty
two week high of one hundred and twenty. So when
you start looking at the simple some of the simple financials,
something simple as you know, it's pe ratio at twelve,
(39:24):
you know, just under thirteen times, with earnings per share
of six dollars and forty nine cents you start going now,
wait a minute, this is trading cheaper than the market.
The S and P is trading on average at multiples
of twenty plus. Where you can pick up Merk. You know,
(39:46):
an S and P five hundred company and only twelve
times earnings. And so that's a company that I think
makes a lot of sense right now. By the way,
many of our clients own these stocks. Many of my
family members including myself own these stocks. Just for full disclosure,
but again, make sure you consult your advisor or consult
(40:09):
us come in for a no obligation consultation before making
a decision, to make sure you know anything that we
talk about, any strategy, any stock, any investment idea is
right for you, and don't wait till things crash to
do so or things correct. Please give us a call
(40:30):
at nine six nine six seven thirty five hundred for
a no obligation consultation. Again, that number is nine six
seven thirty five hundred. I hope you enjoyed the show,
Come back and give us Give the wise money guys
a listen next week. Have a great weekend. By all,
The Wise Money Guys Radio Show is brought to you
by One Source of Wealth Management SEC licensed three one
nine zero seven eight. For disclosures and more information, visit
our website One Source WM dot com.
Speaker 2 (00:14):
Welcome to the Wise Money Guys Radio Show. I'm your
co host John Scambray and I'm not sitting here with
my partner Duseppie Visconti. We are certified portfolio managers that
specialize in helping people who are retired are about to
retire manage their money. If you like our show, or
have any questions or want to meet for a no
obligation consultation, give us a call at nine one ninety
(00:37):
six seven thirty five hundred. I got a little bit
of a dad joke to start off. Giuseppe is out
because he had Lasik surgery so he could not see
coming to work today. Ha ha. Anyway, that's a dad
joke for you. But what we're going to talk about
today is, first, if you're tuning in for the first time,
(00:58):
a little bit of our background. Giuseppe and I have
been in this business for almost to combined fifty years,
and I like to say we're battle tested, and that
just simply means that we've been helping people with managing
their portfolios, creating portfolios, helping them with their financial plans,
(01:19):
retirement plan, comprehensive plan, family legacy, so on and so forth,
through good markets, bad markets. You know, good economies, bad economies,
high interest rates, low interest rates, so on and so forth.
The great thing about working with us is that you're
partnering with one of the region regions Area regions top
(01:45):
investment I don't know why that's a tongue twister this morning,
but one of the area's top investment advisory firm. We're
backed by an incredible fin tech company, financial technology company,
as well as affiliated with some of the largest investment
houses in the world. So when you work with us,
(02:08):
you get to have access to either Fidelity, Schwab, Goldman, Bny, Melon,
Interactive Brokers, so on and so forth. So it doesn't
matter where your accounts are if they're at one of
those firms, which simply means that if you come in
(02:29):
for a consultation and you like how we do things,
you like what we show you, you think it can
help you, and you have an account already, your IRA,
your four to oh one K, your trust, your individual account,
your joint account, whatever the case may be, at any
(02:49):
one of those firms. You do not not have to
change accounts, We do not have to move you from
one company to the other. Simply can be hired to
be your advisor of record and take over the management
and the active portfolio construction and rebalancing, align it with
(03:12):
your goals through the plan that we include with our
advisory fee, and it really is a hassle free change
to us, especially if you're not satisfied with where you're
at right now, or more importantly, which I often talk about,
(03:35):
if you're doing things yourself and you're retired. Why we
are in the period and I've talked about this many
many shows of when the risk in the market to
pull back is very high. We are one headline away
from a substantial correction, could even be ah. I mean,
(04:01):
I don't know if you know, but in April and May,
the S and P was down over twenty percent, the
Nasdaq was down over thirty percent. So yes, even though
we're at records right now, if you made a mistake
managing your money yourself in the April May time frame
(04:24):
because you panic when stuff went down, rather than rebalancing
finding you know, opportunity in the decreased in prices and
just locked in losses. You would now be, you know,
battling back just to get to where you were. So
(04:45):
why you would put that stress on yourself, especially if
you have all the money you need and it's going
to go to your legacy, or you're taking more risk
than you need to have because you know you're in
is enough already, or your income you know doesn't require
(05:06):
as much risk in your portfolio to get you where
you need to go. So what we call that is
minimum return to objective, and that just simply means that
if let's say you have a half a million dollars
and you've got it invested in an all mutual fund portfolio,
more importantly, an all stock mutual fund portfolio, and you're
(05:30):
drawing down thirty or forty thousand dollars a year from
that portfolio, if it's an all growth portfolio, then the
only way you are able to draw down that money
without your principle going down is whatever you paid for
those funds has to increase by that dollar amount each year. Well,
(05:54):
we're looking at the bigger picture. We look at the
fact that there's five categories of investments. There's of course stocks,
which we just talked about, which you can bind many
different forms, the individual stocks which we favor, or mutual
funds or exchange traded funds. But the reality is that
(06:18):
it's very hard to make what you need to make
with the least amount of risk possible if you're in
all stock funds, all stocks, or all stock ETFs. Right now,
the fixed income, the bond market, the alternative income market
is a gift, a gift when interest rates are high,
(06:42):
and they're still high. So if you need a six
seven eight percent income because that's what your plan says
you need for the rest of your life adjusted for
inflation each year, which we do do, then you don't
need to have one hundred percent stock portfolio to get
to a six seven eight percent distribution rate on your money.
(07:08):
To learn more about that and let us show you
how that is possible, called nine one six nine six
seven thirty five hundred. Again, that number is nine one
six nine six seven thirty five hundred. More importantly, it
just reminded myself that if you're listening in the Reno area,
(07:29):
we are having a workshop at the Twisted Fork on
September tenth from six to seven thirty pm. Again, that's
at the Twisted Fork September tenth from six to seven
thirty pm. So if you're retired or about to retire
and you're wondering what you're going to do, especially with
(07:52):
how you're going to rebalance what investments you should be
in now without buying at the absolute top of the market. Sure,
could the market go higher, but maybe maybe not. That's
what will show you at our workshop. That's what we'll
show you at a consultation is what we do in
(08:12):
every sort of time frame and what our portfolios for
our clients look like right now and how they produce
cash flow and what risk they represent in your portfolio.
And I think you'll be substantially excited to learn that
we almost always, not always, not one hundred percent of
(08:35):
the time, but a lot of the time help people
actually take less risk. And to see that in person,
come to the workshop on September tenth at the Twisted
Fork in Reno from six to seven thirty pm, or
come in for a no obligation consultation by calling either
(08:55):
seven seven five four one five two six seven seven.
If you're in the rear you know area or nine
one six nine six seven thirty five hundred. Either phone
number will get you to Kathy so she can get
you on our calendar, or she can get you a
spot for our workshop. And by the way, we get
(09:17):
way more reservations than we can possibly seat in the restaurant,
So call early get registered, because you know, once we
get closer to the date, we actually have to start
turning people away, and we hate doing that. So call early,
get a reservation, or get on our calendar by calling
(09:40):
seven seven five four one five two six seven seven
or nine one six ninety six seven thirty five hundred,
and leave a message for Kathy because it is Saturday,
and she does not work on Saturdays. By the way,
she does not work on Friday. She works Monday through Thursday.
And she'll get back to you as quickly as she
(10:01):
can to get you schedule. All right, So a little
bit more of what we're going to talk about when
we come back. We're going to talk more about strategy
that's timely right now for your investments. Later in the show,
we'll get into some specific stocks that I'm seeing that
(10:23):
could be ones that have a lot of upside, especially
since they're beat up but they're in great sectors, so
you won't want to miss that towards the end of
the show. More importantly, stay tuned. You're listening to the
Wise Many Guys radio show. I'm your co host John Scambray,
and normally I'm here with my partner Joseppi Muscani, but
(10:46):
he's out today, So we are going to talk about
the strategies that we're employing right now for our clients
that are very timely, because I think it's crucial. Again,
especially if you're going it at it alone, which I
don't understand why you would do that, especially if you're retired.
(11:07):
You should be enjoying your retirement, uh, with whatever that
is to you, whether that's traveling, spending time with grandchildren, golfing,
working in your yard, tinkering on cars, whatever the case
may be. That's what you should be doing. Why you
(11:28):
would be sitting in front of a computer screen reading research,
watching you know, inflation data, watching the treasury market and
interest rates, watching what the Fed is doing, watching watching
what's happening on the geopolitical stage with you know, uh,
(11:48):
the Eastern Europe situation, the situation in the Middle East, East,
you know, tensions with China all could be one headline
away from your account going substantially down if you're not
properly allocated. And so that's what I want to talk
to you about now, is what should you be allocated in?
(12:12):
And I'm just assuming you know, you're sixty five to
eighty five years old, you're retired, You've got you know,
hundreds of thousion, thousands to millions in investments, and you've
had a pretty good run here since twenty twenty two,
maybe even since twenty nineteen, especially if you were working
(12:35):
with us and so, but let's just say since twenty
twenty two you had a good twenty three, you've had
a good twenty four, you've had a good twenty five.
We're at the time in the market where we come
up and kind of hit a wall during the September
(12:56):
October months. And it's not guaranteed, it's not written or
set in stone, but boy, I gotta tell you over
and over and over again, the markets tend to pull
back in September and October, even if they're not at
(13:17):
record highs, which we are at now. If we look
at the S and P five hundred, the Nasdaq, and
the Dow. We basically have broken multiple records. Maybe the
DOO isn't breaking as many records as the S and
P or the Nasdaq has done, but it doesn't matter.
The valuations of the companies that make up those indices
(13:42):
are at you know, elevated levels that are cause for concern.
So my strategy number one, uh here is to lock
in some profit. Boy, don't bite yourself, you know, for
not locking in pro it because you're worried that you're
going to miss out on more profit. We're not saying
(14:06):
get out of stocks. I think the rest of the
year is going to be decent. However, I think there
will be a correction, not a crash, but I think
we could have a five to ten percent pullback here
that I don't want you to panic about. And that's
when money is lost, is when one panics because they
(14:29):
don't know where the bottom will be, and you try
to get out before the bottom, and then you try
to get out at the exact top. That is not
a good strategy. That is not what you should be doing,
That is not what your advisor should be doing. You
don't have to get out at the perfect top. You
(14:51):
don't have to get in at the perfect bottom. But
you do want to base your investment decisions on where
prices are currently at. So if you're enjoying a huge
profit in Nvidia or any AI play, or any semiconductor play,
or any play for that matter, take some of it
(15:16):
off the table. And here's my recommendation. You know, generically
and strategy wise, number two for this morning is by
fixed income while you still can bond rates. I was
just showing a client on a zoom call yesterday that
(15:37):
you know he could get six percent rates fixed and
guaranteed by the issuer in in a quality corporate bonds.
Now you have to go out ten years. But I
bet you ten years ago in in and beyond, when
(15:58):
rates went from two thousand in eight to twenty twenty two,
a fourteen year period, rates were terrible. You got about
one percent annually on a CD, and I bet you
you wished that you had money locked in for ten
(16:18):
years at six percent. Well you still can, but the
time is running out, and more importantly, the timing to
buy is running out, because as rates start trickling down
a little bit, the price you would pay goes up.
(16:39):
Each bond is issued. In one thousand dollars increment, and
as rates come down, those bonds with higher rates than
current rates start trading at a premium, and then your
yield to maturity is less than what is printed stated
(16:59):
garan by the issuer. And right now we have just
the opposite of that. Right now, you could potentially get
at least the same as what the issuer is guaranteeing,
or slightly more at yield to maturity by going out
(17:19):
five and ten years. Now. I certainly wouldn't go out
longer than a ten year maturity. The volatility is too
high and you're not really getting that much over six percent.
For going beyond ten years, I mean fifteen twenty years,
you're getting like six point five. It's not worth it.
(17:40):
So five, you know, years out, you're getting in the
high fives. Uh. Ten years out you're getting in the
six to low sixes. That's as of today. That literally
could change tomorrow. So let me go back to my
previous example. If you're somebody who's drawing out, you know,
(18:00):
thirty thousand or or forty thousand on a portfolio of
five hundred thousand, maybe because you have to, because you're
in your seventies and you're past RMD and you're having
to take out a good chunk of money, then why
not have that chunk of money be interest or dividends
(18:22):
versus you know, trying to achieve growth to get that
same cash flow. And so that's what that really means
right now, if you have five hundred thousand dollars and
you can get six percent fixed, that's thirty thousand dollars
a year. We're not going to be in that situation.
(18:43):
Long term rates will go down. They always go down,
they always go up. But right now we're in a
high interest rate environment, and soon you know, we might
be a low in a low interest rate environment. The
point is is take advantage of the gift of higher
interest rates right now for a portion of your portfolio
(19:07):
while you can. Now, if you're not experienced at buying
individual bonds, you don't want to do it yourself. You
definitely want to come in for a no obligation consultation
and do that by calling us at nine one six
nine six seven thirty five hundred. Again that number is
(19:28):
nine six nine six seven thirty five hundred. I should
take a moment to say our show is brought to
you by one source wealth management powered by farther. For
more information, visit our website at wisemneyguys dot com. You'll
find important disclosures and information about our company. And by
(19:50):
scrolling to the bottom of the page. And more importantly,
keep listening to John Scambray and the Wise Money Guys
radio show. Are going to talk about three different companies. Now,
I don't know if these stocks are right for you.
Make sure you consult your advisor. If you don't have
(20:12):
an advisor, give us a call for a no obligation consultation.
And once again our numbers nine one six, nine sixty
seven thirty five hundred. And always keep in mind all
investments can lose. Principle, there's no such thing as something
that's absolutely one hundred percent guaranteed has no risk. And
(20:34):
if you're looking at something or somebody's trying to tell
you that, oh you can't lose on this, run the
other way and give us a call. Now that being said,
also keep in mind that past performances and to guarantee
of future results. However, I do like these companies right
(20:54):
now because I like the industries industries that they're in. Remember,
when you have stocks in your portfolio, it's good to
not have all the same sector. So that's actually strategy
number three for the portion of your portfolio that's in stocks,
(21:14):
have some diversification of sectors. Many times people you know
have mutual funds with different names and different brands. Oh,
I've got some Vanguard funds, I've got t Brow Price,
i have whatever the case may be, whatever the fund is,
Franklin funds, it doesn't matter, and then you think you're diversified.
(21:35):
The other day, we were showing a client who had
nothing but mutual funds, with hundreds of thousands of dollars
and maybe even close to a million just in mutual funds,
and we were showing them that almost every single fund
contained a large percentage of the top ten holdings in
(21:59):
the fund. We're the same from one company, and so
you're not. You might not be as diversified as you
think by owning mutual funds. And certainly if you have
hundreds of thousands of dollars, especially more than five hundred
or more than a million, mutual funds are more for beginners.
(22:22):
You can't really create a custom portfolio with open ended
mutual funds. You lack control, your advisor would lack control,
and it's just a kind of a cop out, if
you will, if you're paying an advisor a fee especially
(22:44):
and or commission, and then you have just a basket
of mutual funds. So getting back to the strategy here,
sectors are important. So whatever portion of your portfolio that
you have in stock, so let's say fifty percent of
your portfolio is in stocks. You know, sometimes being all
(23:08):
in one sector, like the tech sector, like the chip sector,
like the semiconductor sector, or like the AI sector has
done very well, but there's times when it absolutely will
punish you, like it did in twenty twenty two. Many
of the tech sector stocks that make up that sector
(23:28):
went down thirty, fifty, seventy percent or more in twenty
twenty two. And if you only had your money all
in that sector, you got your you know what handed
to you. And I don't want to see that happen
to you, especially if you're stubborn and you're not going
to come in to see how much better and easier
(23:52):
and stress free it is to have a team like
Giuseppe and I backed by some of the largest financial
search versus companies in the world in your corner. So
the sectors that I like right now. Again, I like
the AI sector, I like tech stocks. I like a
(24:13):
lot of different things. But what struck me as interesting
this morning, uh is in last week is and I Josepi,
we're here, he would say, boy, you're a broken record.
Is various ways to play the energy sector. There's many
energy stocks, oil stocks, you know, gas stocks that aren't
(24:38):
at record highs. And what's crazy about that, there's many
energy companies that aren't at record highs. Now you think
of the AI trend right now, or I should say, uh,
industrial revolution, because that's what we're in. We're in a
fourth industrial revolution. The last was the Internet, you know.
(24:59):
Now this one is the artificial intelligence industrial revolution. And
if you think about that, the fact that energy companies
are beat up right now is absolutely insane because nothing
requires more energy than AI companies. So whether it's data
(25:21):
centers or chip manufacturing or whatever the case may be,
there's other ways to make money out of this artificial
intelligence industrial revolution than just buying the obvious Nvidia, for example,
And so one of the companies that I think is interesting.
(25:42):
And that's all I say. It's not a recommendation because
I don't know your risk tolerance. I don't know. You
know what your needs are? Are they income? Are they growth?
Are they? Are they aligned with your goals? Your current
portfolio is that aligned with your goals? I don't know.
But I do like the energy sector. And there's obviously
(26:05):
the obvious way to be in the energy sector, which
is like buying oil stocks or utility stocks. But I
like nuclear stocks, and then I like companies that support
the energy sector. It's a company that I think could
also be a little bit of a defensive play. It hasn't,
(26:26):
you know, run up to record highs. It's off, it's
fifty two week high. But certainly as energy becomes more
and more important, and the different companies that support the production, generation, transmission, transportation,
so on and so forth of energy, like Modeine Manufacturing,
(26:51):
you know, this is where you should put some of
your money, that is for your stock allocation in. Again,
I don't know what this company is going to do.
I don't have a crystal ball, but I like it. Uh.
It's been around since actually i'm reading now, since nineteen sixteen,
(27:13):
and I like it that it also pays a dividend.
That's another strategy that we harp On preach about employ
with our portfolios over and over again, is be paid
something for your time while you're in a particular investment.
You know, if you're going to buy a stock, sure
(27:36):
there's gross stocks that you know, for a portion of
your portfolio that you're looking for to make you know, ten, twenty, thirty,
forty fifty percent over whatever timeframe. But then there's companies
that you're looking for that you know are just going
to keep up with what the average S and P
indicy has returned over any given decade, which is eight nine,
(27:58):
ten percent. And you can do that with a little
bit of your money coming from dividends and interest and
a little bit of your money coming from growth. Well
that's why I like this modeine manufacturer manufacturing is because
I think over the next two three four years, this
company will go up substantially as the need for its
(28:22):
products and services grows as it grows, you know, in
the sector and the hole and then all the fact
a bit of a while it's doing that and you
can get it like the treasury uh uh, you know,
(28:48):
the interest rates on those things are are guaranteed. But dividends,
you know, you look for a company that has a long,
long history of paying those and and Modine's one of them.
And so again I don't know if it's right for
your portfolio, but it's it's a stock that you might
want to take a look at because it's a way
(29:08):
to not just buy the obvious company to play or
add a little bit of energy exposure to your portfolio.
The next company that I like is another kind of
not so much under the radar, but one that's probably
(29:30):
not as popular again as buying an Nvidia or a
Tesla or a Netflix or an Amazon or a Google
or you know, a Microsoft, so on and so forth.
But it's albermar Albert Mari and let me, I don't
know why that has always been one difficult to say,
but the symbol is a lb Albo Albermarley Corporation, and again,
(29:59):
pays a little bit of a dividend. Not not anything to
write home about, but it's better than nothing. Pays two percent.
And again here's one that's definitely way off of its highs.
It's in the chemical industry, and again it's it's a
(30:20):
way to find value. It's definitely trading at a discount
when I go through some of its financials, and I
think there's a lot of upside in this stock, and
it's ALB. Again, whether it's right for your portfolio or not,
I don't know. Give us a call to find out
nine one six nine six seven thirty five hundred, or
(30:41):
consult with your current advisor or do your research. But
if you're looking for a company that is off of
its highs and has a dividend and has some potential upside,
I think this is another good one. And it's not
just another company me in the tech sector. That's what
(31:02):
I really like about it, and so that's ALB. So
keep that one in mind too. And we talked about
two stocks that I think are interesting. They were an
R Albermari and then Modyne Manufacturing. But there's two others
(31:26):
that I think are interesting to round out our show.
But before I tell you those other two names that
I think are interesting, what you want to look at
is your allocation, and don't forget that there's more ways
to make money than just stocks. And so that's something
(31:52):
very important to keep in mind when working with an
advisor or managing your money yourself, or if you're considering
a change. If you're considering a change, then know that
the way we do things is we build a portfolio
based on your time horizon, based on your tolerance for risk,
(32:15):
based on your need. Do you need income or are
you still in accumulation phase or do you have the
income you need and all the assets you need and
your investments are just going to pass to you know,
whatever your legacy is going to be, to charity, to
(32:35):
your kids, grandkids, you know, so on and so forth.
So once we know those things, then we design a
portfolio of either and this is the allocation that I
was talking about, a combination of stocks, bonds, alternatives, real
estate investments, cash and cash equivalents. And when you're looking
(32:59):
at your portfolio, this is my final strategy tactic of
the of the morning, is do you have investments and
what percentage of your portfolio is in those various categories.
And so when you're trying to de risk your portfolio, obviously,
(33:19):
then you're going to go towards more towards individual bonds
and cash and cash equivalents like a money market fund
on the cash side. And then when you're you know,
when you can tolerate more risk or you need more growth,
then you're going to move more towards you know, stocks,
real estate, holdings and different alternative investments. We've talked a
(33:43):
lot about alternative structures that we like, structured notes and
things of that nature, which I don't have time to
talk about today. But if you want more information, especially
if you don't have low correlated investments low correlated to
stocks and bonds, which is really what diversification should be,
(34:07):
you know, give us a call at nine one six
nine six seven thirty five hundred if you want to
see examples of that before deciding to meet for a
no obligation consultation. Come to our seminar in Reno at
the Twisted Fork on September tenth from six to seven
thirty pm. Call seven seven five four one five two
(34:30):
six seven seven, or of course you can always just
call nine one six nine six seven thirty five hundred.
And with that being said, we will have a seminar
in late September or early October uh here in the
Roseville Greater Sacramento area. Keep listening to get that date,
(34:50):
which will be announced soon. But getting back to these stocks,
so you know, it dawned on me when I was
looking at things and I actually heard an other analysts
talking about it during the week. Is you know, everybody
knows Nvidia. Everybody knows that it's the first four trillion
dollar market cap company or at least bouncing, you know,
(35:14):
around four trillion dollars in market cap. But what a
lot of people don't know is that there's another company
that makes a good portion of their actual chips and
they're not made by Nvidia. So a great way to
play in Vidia if you don't have Nvidia and you
(35:35):
wished you had in Vidia, because I think this company
could still go up substantially, although it does have some
geopolitical risk. Keep that in mind. It's Taiwan Semiconductor. If
you think about that, Taiwan Semiconductor is trading nowhere near
the valuation the market cap that Nvidia is trading at,
(36:00):
but yet Nvidia needs Taiwan Semiconductor. So I thought that
was interesting and and that's something you might want to
take a look at if you regret not have never
purchasing in Vidia. So, uh, Taiwan semi Conductor is TSM,
(36:24):
And I thought that was a pretty uh interesting conversation
that I read about and listened to on on ways
that you may be able to benefit from the AI
boom and you don't have Nvidia and wished you had
it in your portfolio. Again, these are the types of
(36:45):
things that we constantly Dusseppie and I constantly scour, you know,
whether it's whether it's news research, other analytical information, creating
our own films to search, you know, hundreds to thousands
of stocks for opportunity. If you're not doing those things
(37:08):
and you're just you know, I don't even know what
method you're using, please don't don't get caught with your
pants down right now when we could have a pullback.
I'm not saying we're absolutely going to have a pullback
or a correction here, but historically September and October don't
(37:28):
take much of an excuse for stocks to come down
quite a bit. They did last year, they did the
year before, They already did once this year in April
and May we came off of March highes and boom,
we had an actual crash, and I bet you many
people made the absolute wrong decision versus doing some rebalancing
(37:52):
and buying in in dollar cost averaging and more importantly,
locking in some profit that's just crucial. And that's just
a rehash of things we've already talked about. This morning.
So and then the final company that you know, again
it's beat up, it's down substantially, but I really like
(38:17):
some of the things it has in the pipeline and
and whether it's you know, the technology behind weight loss drugs,
cancer treatment, you know, other things that are just crucial,
uh these days to these types of companies. And it's
you know, not in the hundreds of dollars per share,
(38:40):
and again it pays a dividend, and I think there's
upside again not guaranteed, have no idea, don't know if
it's right for your portfolio, but you might want to
take a look at Mirk. Mirk is one of our
country's great pharmaceutical companies. And and again it's trading, you know,
(39:00):
in the let me look at it was trading in
the eighty dollars range and pays is projected to pay
almost a four percent dividend, and it has a fifty
two week high of one hundred and twenty. So when
you start looking at the simple some of the simple financials,
something simple as you know, it's pe ratio at twelve,
(39:24):
you know, just under thirteen times, with earnings per share
of six dollars and forty nine cents you start going now,
wait a minute, this is trading cheaper than the market.
The S and P is trading on average at multiples
of twenty plus. Where you can pick up Merk. You know,
(39:46):
an S and P five hundred company and only twelve
times earnings. And so that's a company that I think
makes a lot of sense right now. By the way,
many of our clients own these stocks. Many of my
family members including myself own these stocks. Just for full disclosure,
but again, make sure you consult your advisor or consult
(40:09):
us come in for a no obligation consultation before making
a decision, to make sure you know anything that we
talk about, any strategy, any stock, any investment idea is
right for you, and don't wait till things crash to
do so or things correct. Please give us a call
(40:30):
at nine six nine six seven thirty five hundred for
a no obligation consultation. Again, that number is nine six
seven thirty five hundred. I hope you enjoyed the show,
Come back and give us Give the wise money guys
a listen next week. Have a great weekend. By all,
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