January 29, 2026 • 43 mins
The government is on course to shut down again. How did it turn out last time? We became stagnet and distracted. This week host John Scambray gives us his projections on what is coming. Plus, the most typical mistakes retirees make in financial planning, rules for investing, and the best, new alternative investments. The Wise Money Guys.
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Speaker 1 (00:00):
The Wise Money Guys Radio Show is brought to you
by One Source of Wealth Management SEC Licensed three one
nine zero seven eight. For disclosures and more information, visit
our website One Source WM dot com.
Speaker 2 (00:14):
Hello and welcome to the Wise Money Guys Radio Show.
I'm your host, John Scambray and I'm not here with
my partner Josette Vescani, who's off today. But it's going
to be a really good show as always with lots
of great information. But first, the Wise Money Guys are
part of OneSource Wealth Management and we are a registered
(00:35):
investment advisory firm SEC number three one nine zero seven eight.
As always, For more information, you can visit our website
and you can get there many ways. You can go
to Wisemoneyguys dot com or you can go to one
Source WM dot com. Both we'll bring you to the
(00:55):
same place. You can scroll to the end of the
page and see important disclosures and information, or there's other
great resources on the page as well for you to
look at and make a decision about whether or not
we're a good fit for you. So today we're going
(01:16):
to be talking about and always talking about investments, the economy, news, politics,
and all the various things that impact people's financial lives,
and boy, is there a lot of stuff going on,
some of which we've been cautioning now for several weeks.
In fact, I think we were the first to say
(01:40):
hey when the government shut down and then reopened forty
three days later, because they really didn't solve anything. Meaning
our elected officials, we said, this is going to happen
all over again, and watch for volatility around when it
happens all over again. Early in twenty twenty six. Well,
(02:03):
here we are. So that's the big issue going on today,
amongst many other things. But I'm really excited to officially
announce yes, our first Seminar dinner Seminar of the year,
which is going to be on March fourth, so hopefully
the weather is nice, and we're going to do it
(02:27):
at another golf course. Our last event of the year
was at Granite Bay Country Club in Granite Bay, and
we liked doing it there so much because we could
control the noise and things much better than we can
at restaurants. And so we're going to have our first
(02:49):
one of the year at Wood Creek Golf Club, which
is in Roseville. And if you're retired, or about to
retire and you're concerned about or maybe you're not even concerned,
but you're preparing for relying on passive income versus earned income. Well,
(03:15):
we should be hopefully one of, if not the first
call that you make, because you only have one opportunity
to start off right, and with everything going on today,
it's so crucial that mistakes aren't made early on. We'll
(03:36):
talk about what are some of the typical mistakes that
people who are about to retire or are retired make
when it comes to their investments, their portfolio decisions, their
financial planning decisions. As the show goes on today, but again,
(03:56):
call us to register for our first retire hiree Dinner seminar,
which will be at Wood Creek Golf Club in Rosebery.
Very nice area, very nice golf course, very nice facility.
Great food will be served, Refreshments will be served. We're
(04:17):
going to start it a little bit earlier just because
of the time that the meal will take, So we're
going to start at five thirty and will probably be
done pretty close to seven o'clock. At least we'll be
done talking by seven o'clock. We typically have people stay,
(04:40):
you know, thirty minutes forty five minutes an hour after
asking more specific questions about their particular challenges or investments,
or just wanting to you know, talk a little bit longer,
and then maybe turn in their response form. That is
(05:03):
the only requirement we have for attending. There is absolutely
no obligation. The meal is included, as I said, it
will be great food. The only thing we ask is
that you fill out a response form, tell us what
you thought, tell us how we can improve the content,
if at all, and more importantly put whether or not
(05:25):
you want to meet for a no obligation consultation. And
if you do, that is the call that you would
get from us as a result of attending. If you don't,
you won't get a call from us. So it's absolutely
no obligation, We're committed to that and no pressure whatsoever
to meet with us. But I got to tell you
(05:50):
we always have somewhere between ten and fifteen people that
do want to meet with us after learning why we're different,
how we've been helping people who are close to retirement
or are retired, you know, continue building their legacy, building
their wealth, generating and enhancing their income, enhancing their their
(06:14):
their portfolio, helping them with the state planning decisions, helping
them with tax decisions. Now we're not tax advisors or lawyers,
but because we are your quarterback, if you hire us,
we help coordinate everything that you need that impacts your
(06:35):
life financially. Actually, let's face it, if it impacts your
life financially, it packs impacts your life altogether, and we
help you with all of those things so you don't
need to go, you know, seeking other professionals. We've been
working with professionals in the area and have that all
(06:56):
ready to go as part of our process. Is part
of our fee. The other thing to know is that
we are affiliates or affiliated I should say, on on
the independent institutional side of the largest custodians in the
(07:18):
country UH such as Charles Schwab, which is our biggest
UH and and and closest relationship, as well as Fidelity
and some others. So if you already have a Charles
Schwab or Fidelity or Interactive Broker's account, so on and
so forth, often you can give us a try. You
(07:40):
can hire us for a second opinion and or hire
us for you know, updating everything. Like I said, you're
you're helping you update your estate plan, your financial plan, rebalancing,
redoing your portfolio because you're changing from earned income to
(08:03):
passive income, so on and so forth. And we do
that on a fiduciary basis. That means we're not looking
for commission products to sell you like annuities. In fact,
I often say, and I haven't said in a while,
if somebody is trying to sell you an indexed annuity,
(08:23):
be careful, I say, run and give us a call,
but be careful. There are instances where maybe it makes sense,
But for the most part, what I've seen over the
decades is people are getting sold indexed annuities and they
have eras, and they're using some of the insurance things
(08:47):
that you can wrap on to the annuity as a
good idea that it makes sense that you're buying a
tax deferred commission product in a tax effen account such
as an IRA. I most of the time find that
there was no reason to do that, and that the
(09:08):
annuity made no sense at all, because you can get
the same type of strategies where you have upside to
the market through an index and don't capture all of
the downside and have some you know, minimum guarantees, so
on without buying a commission based long term annuity. I
(09:33):
don't know how I got on that subject, but now
that I'm on it. The other thing to know about
annuities and why I'm not a fan and don't sell
people annuities because we don't sell anything. First of all,
that's not what a fiduciary does. A fiduciary advises. A
fiduciary looks to help you with things that are in
(09:53):
your best interests, not our own. And when you're selling
things that have a commission, well, the commission is not
in your best interest. That's in the interest of the
salesperson who's going to get the commission. So nevertheless, that
commission is often not disclosed, and it's often anywhere from
(10:17):
you know, five percent on the low side to ten
percent on the high side. Immediately to the selling agent,
think of that right there. Agent agent means they represent
the insurance company. Agent does not mean they represent you.
Those are crucial things to know. So when you hear
(10:40):
other shows or go to other seminars and they start pitching,
you know, oh, a product that magically, you know, captures
some of the market stock market upside without capturing you know,
some or all of the downside, and you know there's
(11:01):
there's no you know, annual fee or advisory fee. Chances
are they're talking about an annuity. They're talking about an
index annuity, and they're going to make five to ten
percent up front. So if you put one hundred thousand,
five hundred thousand, a million, I've heard some other shows
(11:23):
on TV saying if you have a million dollars, and
then I know they're annuity salesmen. They're going to make
sixty seventy eighty thousand dollars up front. That's years and
years and years of our planning and advisory fee, which
is one fee. By the way, we don't charge separately
(11:45):
for planning. It's part of our responsibility to help you
reach your goals and objectives now and for the rest
of your lives. So I want to re announce that
we're having and I got on a diet tribe, we're
having our first dinner seminar for retirees or people who
(12:06):
are about to retire or are just concerned and want
to know that they're in good shape too eventually retire,
and in fact, well, we'll do a portfolio review, will
give you a second opinion we'll even do a retirement
plan for you all with no obligation by calling nine
(12:27):
to one six nine six seven thirty five hundred. But
again remember our first dinner workshop, which we pull the
curtain or pull the covers back, open the curtains on
exactly how we do things, but more importantly why we
believe we're different, why we believe that our way is
(12:48):
the best way, and we try to prove it to you.
And that's really what you'll see. You'll see exactly the
types of process, portfolios, results, things that we think are
helping and can prove that they're helping you know, our
(13:09):
clients now and long term, and that our strategy and
our active money management philosophy, one that starts with risk
mitigation and ends with you know, income and growth and legacy,
(13:31):
is one that you have to see for yourself. So
call us at nine one six nine sixty seven to
register for our March fourth, which is a Wednesday from
five thirty to seven dinner seminar for retirees, which will
be held at Wood Creek Golf Club in Roseville. Again
(13:52):
called a register. By the way, I think there's a
dress code. There was definitely a dress code at Granite Bay,
So where your Sunday best. You know, uh, not that
any of our our our attendees have ever been in
in tank tops or or cut off jeans, but boy
(14:13):
would that be kind of comical. But no, most country clubs,
golf color courses do have a a dress code, so
keep that in mind. Again, not that I should even
have to say that, or and and can't think of
a single situation where that would even be applicable, but
just so you know, again, called nine one six nine
(14:35):
six seven thirty five hundred to register. I don't know
what the capacity of the venue is at Wood Creek,
but I imagine that will be overregistered. So don't wait,
and we'll send you plenty of reminders along the way
so you don't forget, via email, via phone call, just
(14:57):
reminding you that you signed up and when the event
uh is taking place, to ensure that you don't forget.
So the big news during the week, and gosh, I
just get so sick that this is something that we
need to look for. I'm so tired of Jerome Powell,
(15:18):
the Federal Reserve Board, the FOMC, and that one, one agency,
one person can move markets. In fact, when interest rates
were basically left unchanged. This week, you know, the market
sold off a bit. I warned people that were there
(15:39):
would be several headwinds, and I do believe they're cautiously
or to take caution, but they are by the dip opportunities.
Because let's let's think of the inverse. If you're leaving
interest I know, you know that everybody loves cheap money
(15:59):
to borrow, including big companies, including money managers, institutions of
any kind. We all love access to cheap capital. But
if we're lowering interest rates, if we're easing monetary policy,
which is really the job that we have and then
(16:21):
the reason why we created the central banking system, well
then that means our economy is not doing well. That means,
you know, unemployment is high. You know, unemployment insurance claims
are high. GDP is flat or negative, the dollar, you
(16:42):
know is and well it is dropping in value, but
I think it's a short term drop, so on and
so forth. So the fact that we're leaving interest rates
where they are is not a bad thing. It's just
the opposite of the bad of a bad thing economy. However,
because it's it caused a dip and just a dip
(17:06):
in the week, not a dip overall. This is a
record more news for you that the Dow, the S
and P and the Nasdaq, and I forget which one
is which, but most of those three were up nine,
eight or nine consecutive months in a row, which is
(17:28):
the longest consecutive up months for our overall, the majority
of the stocks that make up these stock indices since
two thousand and eighteen. So from a stock perspective, a
stock market perspective, yeah, there's dips. From an economy perspective,
(17:51):
there's news that causes reaction, that causes selling, that causes dips,
but it's not because there's something fundamentally wrong with our economy.
So cautiously you should be buying quality dived in pain
(18:11):
interest pain investments here if you're retired or about to retire. Also,
this reminds you over and over again that you know,
at some point you should lock in and rebalance some
of your biggest profit positions. I'm not saying sell out completely,
(18:36):
but how many times do you need to be reminded
when something goes up and it hits, you know, a
new record or gets close to its record highs, and
then it comes back down again that you go, huh,
maybe I should have sold some of that. So you know,
the strategy that we're talking about here is right now
(18:59):
dollar cost dout average, you know, especially into positions that
again everything looks good. We look at your basic fundamentals
of a company, of the economy of your investment portfolio,
as well as the technicals. Is their momentum, Is there
a pattern? Is there, you know, a sentiment? Is there
(19:23):
other indicators beyond just the fundamentals that suggest, you know,
it's time to stay in risk investments versus it's time
to get out of risk investments. And right now, based
on what we've seen, what we research, what we read,
what we hear, what we do every day, it's time
(19:43):
to be in risk investments now. Again, caution here, that
doesn't mean that you put one hundred percent of your
money in any one thing that has done incredible or
any one category of things that have done incredible, because
too much of a good thing always works out to
(20:03):
be too much of a good thing, and we'll bite
you in the behind. So be diversified. Know that there's
more ways to make money than just stocks, and within stocks,
there's more money to be made on stocks than just
AI or tech stocks. And that's really the power of
(20:27):
what we do. It's really focusing on true needs, that
focus on true diversification, to focus on true you know,
protection of what you created, you know, over your lifetime
of earnings first, and then figure out what's out there
(20:48):
to get you to the income or the growth or
the goals you know, beyond the needs second. So that
is just crucial. And when you do that, and when
you do it with an air of caution, then you
know you don't have to worry about the dips or
(21:09):
the corrections. Right. For example, out one of our stock models,
if you will, which is made up of individual stocks,
ten of them in fact, where we run a screen
and do our selecting from an out of the S
(21:30):
and P five hundred, just ten companies, and then we
look at the ten every single month to see if
they should stay the ten what we call the top ten,
or should there be a change. Some months there's a change,
many months there isn't a change. But that particular strategy
(21:53):
and process that we use to pick those ten stocks
has outperformed the S and P five hundred for the
last three years, and in twenty twenty two it also
outperformed on the downside. Now, nobody wants to be, you know,
the tallest short person, but in essence, that's what that
(22:18):
that's what that is. I mean the S and P
was down nineteen percent roughly give or take in twenty two,
and this was down less than nine percent in twenty
twenty two. So you know, again it wasn't a reason
to panic, It wasn't a reason to lock in losses.
(22:41):
In fact, twenty two represented a reason to buy, to
invest into quality companies that again fundamentally weren't down because
their company maybe their growth slowed down, but they were
still meeting exceeding their earnings. In many case, even during
(23:06):
twenty twenty two, many companies throughout the year met their earnings,
and earnings every quarter is a big gauge of the
health of a company. We look at it quarter over quarter,
we look at it year over year. We compare it
(23:28):
to what's happening in the economy, what trend is the
economy or the markets in so on and so forth.
And then if things still look good and a particular
investment is down, if it's appropriate for your goals and
objectives and what your financial plan says, will buy more.
Just as if we have something that has run its
(23:53):
course and it's time to sell it, we will sell it,
sell all of it, sell some of it, you know,
but we will sell you know, when when necessary. Where
many people going alone don't know when to sell, they
don't know when to buy. So please come and see
(24:13):
us at our March fourth Dinner Seminar for retirees at
Wood Creek Golf Club in Roseville from five thirty to seven.
Call and register now, because I know seating is limited,
the meals are limited, It's going to be a good meal.
(24:33):
By calling nine one six nine six seven thirty five hundred.
I'm your host, John Scambero, And let's talk more about
just good sound principles when it comes to managing money.
Just good sound practices and good diversification and good rules
(24:57):
of thumb to help you reduce use your risk but
still maintain good upside when it comes to your investments.
And so first and foremost, and as I mentioned, you know,
if you're investing in stocks, there is more than just
the tech industry. So many sectors were much better buys
(25:24):
last year and this year to start than just tech stocks. Okay,
and so many times people get caught up in the headline.
So first and foremost, let's let's recap a little bit
within each category of investment. Don't get married to one
sector or one particular position or company in that sector.
(25:50):
It will be good as long as it's good until
something comes out that again bites you where you don't
want to be bit So, you know, we like to
look for companies that we believe are undervalued, but also
pay dividends and have a long term track record of
(26:13):
consistently paying those dividends and consistently increasing those dividends. Sometimes
the rate of return you can make on your money
doesn't have to be just on the gain side, where
you know, for example, I paid ten dollars per share,
and if it goes to twenty dollars a share over
(26:33):
a three to five seven year period, well great, that's
how I made my money. I then sell whatever I
bought for twenty dollars a share, and then I realized
that long term rate of return of one hundred percent
over gosh, hopefully it's three years, maybe it's five, but
more than likely it's about seven. That's one way to
(26:56):
make money. We like companies that have that potential to
do that to increase in price over a long period
of time. But we like companies that also pay a dividend.
So while you're waiting for price appreciation, you're still getting paid.
You're still making money on that investment, while you're waiting
(27:21):
to decide when it's time to sell and when it's
time to maybe put the money in something else. So
get paid for your time when you're investing. As rule
number one, I guess rule number one was don't put
all of your eggs in one basket, truly, And let
(27:43):
me get on a diatribe about diversification real quick. The
mutual fund industry has done an insane job of making
you think that when you buy different brands, different names
of mutual funds, that your diverse. Well, chances are you're not,
(28:04):
especially if you have many different growth funds or growth
and income funds that are just branded differently, or my favorite,
you have many different mutual funds that are different brands
and they're just at different firms. That is not diversification.
In fact, chances are you're duplicating what you have in
(28:28):
your portfolio from one firm to the other firm. Plus
there's a strong chance that many of the top ten
holdings inside of the funds that you have are all
the same. That's not diversification. Diversification is looking for investments
that aren't perfectly correlated together, so that when one goes down,
(28:53):
maybe it's not going down in the same amount, or
even better, maybe when a particular investment that you have
is going down, something else is going up. That's what
you look for when you're diversifying your investments. Is there
something that has a lower correlation to what it is
(29:15):
you already have. Does it have a lower standard deviation
to the market as a whole. Does it pay dividends
or does it pay interest? Does it pay fixed interest?
Is there any sort of you know, minimum guarantees or
or things that you can rely on, and and and
(29:37):
a word about guarantee. There's no such thing that every
that that the word guarantee means that at no time
will you ever potentially lose money when it comes to investments. Yeah,
there's some things that are more risky than others. There's
some things that you at least are guaranteed a rap
(30:00):
of return. For example, you might not be guaranteed that
that the company doesn't default, but at least there's fixed
and guaranteed on contractually what you signed up for. Even
the government, even if you have you know, US treasuries,
you're not guaranteed that if you liquidate your treasury early
(30:24):
that you don't lose principle. The only thing you're guaranteed,
for the most part by by a country that's working
on forty trillion dollars in debt is that you're going
to get the interest the cupeon the fixed amount that
the government bond is promising you. That's about the highest
(30:47):
guarantee that is out there. Otherwise, there is no investments
that if and if anybody says you're one hundred percent guaranteed,
I guarantee you can't lose any money. I guarantee you're
gonna make XYZ, please run and run quickly and then
(31:08):
call the wise money guys at nine one six ninety
six seven thirty five hundred. I didn't mean to be
a downer, but that's the reality and so true. Diversification,
focusing on things that have a lower correlation to each other,
focusing on getting paid for your time while you're in
(31:28):
investment are all ways to help mitigate risk, to help
ensure as much as you can that you'll achieve your
goals for whatever your money and financial lives goals are
over a long period of time, consistently and confidently. And
(31:48):
in order to do that, you must know what you're doing,
and I highly recommend you don't do it by yourself.
In fact, I'm often surprised when somebody comes in. You know,
they're seventy years old. They've been managing their money themselves,
you know, in good markets like we've had right now,
the last three years in a row, they've done fine. Well.
(32:11):
Quite frankly, that's not when you need your professional helping
you most. It's on the downside. It's on the emotion side,
not making mistakes when things are volatile like they're going
to be this year news wise, and I said, you know,
we'll talk about news and strategy as it relates to
(32:32):
that news, so on and so forth. You know that
the tariff battles coming next. We got past the inflation
interest rate conversation in this FED meeting that just took place,
an announcement that interest rates are going to be unchanged.
And now you know by literally the the the end
of this month, which in fact is today. You know,
(32:57):
the tariff conversation will be big next week. There be volatility,
meaning investments that react in people that over react based
on what the outcome is. Do they pass a continuing resolution?
Do they fund the Department of Homeland Security, which, by
(33:17):
the way, the Department of Homeland Security and ICE was
already funded for five years in the big Beautiful Bill,
So this would completely be a shutdown that would have
nothing to do with preventing ICE and DHS from doing
their job, but it would stop the military from getting
(33:39):
their paychecks. Do we really want that? I mean, can't
we agree that that's not a good thing. Can't we
agree that some of the other essential services and shutting
down the government and them not getting paid again, I
think it'll be a buying opportunity on the investment side.
The volatility helps to make our job when to buy,
(34:03):
you know, more clear than other times when you don't
get you know, volatility that's not related to the economy
or related to the performance of a company that you're
investing in, so you know, again, don't overreact. But the
next round of questionable policy that may affect your investments
(34:29):
is the tariff battle come in this week. I mean,
excuse me, that's another one. The shutdown that is coming
this week, So keep that in mind. And again, if
you're unsure of what you should be in, if you're unsure,
if you're on track to never run out of money,
if you're on sure, if you're not getting the highest income,
(34:51):
best growth rates, the best opportunities in your portfolio that
you can with the least amount of risk that we
can find, you know, give us a call at nine
one six nine six seven thirty five hundred. I hope
you've been enjoying the show so far as things relate
to what is going on with the government shut down.
(35:17):
I'm hoping this one is not as long as the
previous one. However, that being said, I do think that
certain sectors, certain investments, will shrug it off without any
problems whatsoever. There's things that are tied to the government
(35:40):
shutting down, sectors that could see quite a bit of
a selloff. For example, defence companies that you know, provide
you know, goods and services to the military. Energy companies
might take a bit of a hit. Things that are
(36:01):
subsidized by the government could could take a hit, so
on and so forth. But knowing that these things are
going to happen, even though they're not guaranteed to happen.
I don't know for sure the government's going to shut
down next week, but if history is any indication of
(36:22):
what our Washington representatives are capable of doing, well, chances
are pretty good that we're going to see a shutdown,
and it might even be one as long or longer.
Now I don't think it is, but again, I think
knowing it's coming, knowing that there will be a reaction
(36:43):
to it, knowing what types of investments that you have
and how they'll react is crucial. So let us put
our eyes on what you've done and what you're doing
and what you have. Again, no pressure, no oblige gation.
We'll give you advice and give you our opinions and
(37:06):
you can do something with that or not, or maybe
you decide that, shoot, I'm tired of doing this myself,
or I'm not exactly thrilled with the value proposition of
the current firm I'm working with, and want to give
us a chance to help you, And so you know
(37:27):
that's my I guess my main point of this show
is know that these things are coming, know that there's
good principles of portfolio management, there's good strategies. You know
out there there's ways to reduce your exposure to stocks
(37:47):
but still get you know, good potential returns on your money.
What's funny is one of the things that we've really
loved this year, oh gosh, this year year and this year.
In fact, we just did one that we talked about
last week, is you know these these structured notes that
(38:07):
there's no commission. You can get out quarterly. We can
get you out quarterly if necessary, but it's a way
to get a high fixed income with some downside protection
on the market which is priced very high here. In fact,
this one we just did had a cube on an
(38:28):
interest rate fixed at over ten percent and at the
maturity if it makes it that long. And why I
say that is often you know, these things get refinanced,
they get called early, which is really what a being
called early is. It's a company going heck, we put
(38:50):
that investment out, we put that bond out, we put
that note out, we put that out, and it was
made sense at the time to pay ten point five
percent or whatever the rate is. But now that doesn't
make sense anymore, and it's a year later and we're
going to pay you back early and you'll keep what
interest you got, and you get your principle back as
(39:15):
long as the market or when it gets called this
doesn't apply. But as long as the market in this
particular last one we just did isn't down forty percent
at maturity, you get one hundred percent of your principle
back and all of the interest that you were paid
over the three year term. So that's very interesting. That's
(39:39):
a way to get a stock like return without one
hundred percent stock market risk. Still have equity risk, still
have default risk, but at least there's some there's some barriers,
there's some protection, there's some you know, flexibility versu is
(40:00):
just owning the S and P five hundred index fund
in your four to one K or in your IRA
or in your trust account. Whereas heck, if the market's
down thirty percent, the S and P down thirty percent,
you're down thirty percent. Well, if this is down thirty
percent when it matures, that's not forty. It could be
(40:21):
down thirty nine point ninety nine, that's not forty, and
you get all of your principle back plus whatever interest
you collected. That's pretty cool anyway, Not to go into
anything specific, but that's just an area in ways and
that falls under alternatives in your portfolio. So there's many
(40:42):
ways and many investments out there now that firms like
ours have access to because we're not an employee or
a corporate owned We worked with the biggest corporations and
best platforms in class right now. But there's nobody saying,
(41:04):
you know, oh, you have to sell this or do that.
It is whatever is out there that we can find
that you need, not what we need, what you need.
And if there's a way to get you a six
seven eight percent cash flow without you know, taking one
hundred percent stock market risk, we're going to find it.
(41:27):
And and quite frankly, over the last couple of years,
there has been between dividends, fixed interest rates, alternative dividends
and interest rates, there's been six seven eight percent you know,
cash flow investments out there that you know, we've been
putting in people's portfolios that you know, uh have. I
(41:53):
don't want to say our job is easy, but high
interest rates have made our job a little bit easier
to find people good returns on their money. And so
with that, let's see, one of the things that I'll
end with is that again, if you're unsure of what
(42:15):
you should be doing right now, if you're retired, if
you've been you know, watching things go up and down,
if you've not been happy with the firm or the
or the value prop from whoever you're working with. Now,
come to our workshop, you know, get a free meal
in a nice venue, no pressure. I promise you will
(42:39):
walk away thinking that's a good use of your time.
We've never had anybody go man, I wish I didn't
go to that. I didn't learn anything. And how do
we know that because of the response forms that we
ask you to require, which is the only requirement to attending,
getting the free information, getting the free meal. Remember it's
(43:00):
at Wood Creek Golf Club in Roseville on March fourth,
which is a Wednesday, from five thirty to seven pm.
Called nine one six nine six seven thirty five hundred.
Again that number is nine one six nine six seven
thirty five hundred. As always, I hope you enjoyed this
(43:21):
week's show. I certainly did. Please come back and give
us a listen next weekend. Have a wonderful Saturday by
all
The Wise Money Guys Radio Show is brought to you
by One Source of Wealth Management SEC Licensed three one
nine zero seven eight. For disclosures and more information, visit
our website One Source WM dot com.
Speaker 2 (00:14):
Hello and welcome to the Wise Money Guys Radio Show.
I'm your host, John Scambray and I'm not here with
my partner Josette Vescani, who's off today. But it's going
to be a really good show as always with lots
of great information. But first, the Wise Money Guys are
part of OneSource Wealth Management and we are a registered
(00:35):
investment advisory firm SEC number three one nine zero seven eight.
As always, For more information, you can visit our website
and you can get there many ways. You can go
to Wisemoneyguys dot com or you can go to one
Source WM dot com. Both we'll bring you to the
(00:55):
same place. You can scroll to the end of the
page and see important disclosures and information, or there's other
great resources on the page as well for you to
look at and make a decision about whether or not
we're a good fit for you. So today we're going
(01:16):
to be talking about and always talking about investments, the economy, news, politics,
and all the various things that impact people's financial lives,
and boy, is there a lot of stuff going on,
some of which we've been cautioning now for several weeks.
In fact, I think we were the first to say
(01:40):
hey when the government shut down and then reopened forty
three days later, because they really didn't solve anything. Meaning
our elected officials, we said, this is going to happen
all over again, and watch for volatility around when it
happens all over again. Early in twenty twenty six. Well,
(02:03):
here we are. So that's the big issue going on today,
amongst many other things. But I'm really excited to officially
announce yes, our first Seminar dinner Seminar of the year,
which is going to be on March fourth, so hopefully
the weather is nice, and we're going to do it
(02:27):
at another golf course. Our last event of the year
was at Granite Bay Country Club in Granite Bay, and
we liked doing it there so much because we could
control the noise and things much better than we can
at restaurants. And so we're going to have our first
(02:49):
one of the year at Wood Creek Golf Club, which
is in Roseville. And if you're retired, or about to
retire and you're concerned about or maybe you're not even concerned,
but you're preparing for relying on passive income versus earned income. Well,
(03:15):
we should be hopefully one of, if not the first
call that you make, because you only have one opportunity
to start off right, and with everything going on today,
it's so crucial that mistakes aren't made early on. We'll
(03:36):
talk about what are some of the typical mistakes that
people who are about to retire or are retired make
when it comes to their investments, their portfolio decisions, their
financial planning decisions. As the show goes on today, but again,
(03:56):
call us to register for our first retire hiree Dinner seminar,
which will be at Wood Creek Golf Club in Rosebery.
Very nice area, very nice golf course, very nice facility.
Great food will be served, Refreshments will be served. We're
(04:17):
going to start it a little bit earlier just because
of the time that the meal will take, So we're
going to start at five thirty and will probably be
done pretty close to seven o'clock. At least we'll be
done talking by seven o'clock. We typically have people stay,
(04:40):
you know, thirty minutes forty five minutes an hour after
asking more specific questions about their particular challenges or investments,
or just wanting to you know, talk a little bit longer,
and then maybe turn in their response form. That is
(05:03):
the only requirement we have for attending. There is absolutely
no obligation. The meal is included, as I said, it
will be great food. The only thing we ask is
that you fill out a response form, tell us what
you thought, tell us how we can improve the content,
if at all, and more importantly put whether or not
(05:25):
you want to meet for a no obligation consultation. And
if you do, that is the call that you would
get from us as a result of attending. If you don't,
you won't get a call from us. So it's absolutely
no obligation, We're committed to that and no pressure whatsoever
to meet with us. But I got to tell you
(05:50):
we always have somewhere between ten and fifteen people that
do want to meet with us after learning why we're different,
how we've been helping people who are close to retirement
or are retired, you know, continue building their legacy, building
their wealth, generating and enhancing their income, enhancing their their
(06:14):
their portfolio, helping them with the state planning decisions, helping
them with tax decisions. Now we're not tax advisors or lawyers,
but because we are your quarterback, if you hire us,
we help coordinate everything that you need that impacts your
(06:35):
life financially. Actually, let's face it, if it impacts your
life financially, it packs impacts your life altogether, and we
help you with all of those things so you don't
need to go, you know, seeking other professionals. We've been
working with professionals in the area and have that all
(06:56):
ready to go as part of our process. Is part
of our fee. The other thing to know is that
we are affiliates or affiliated I should say, on on
the independent institutional side of the largest custodians in the
(07:18):
country UH such as Charles Schwab, which is our biggest
UH and and and closest relationship, as well as Fidelity
and some others. So if you already have a Charles
Schwab or Fidelity or Interactive Broker's account, so on and
so forth, often you can give us a try. You
(07:40):
can hire us for a second opinion and or hire
us for you know, updating everything. Like I said, you're
you're helping you update your estate plan, your financial plan, rebalancing,
redoing your portfolio because you're changing from earned income to
(08:03):
passive income, so on and so forth. And we do
that on a fiduciary basis. That means we're not looking
for commission products to sell you like annuities. In fact,
I often say, and I haven't said in a while,
if somebody is trying to sell you an indexed annuity,
(08:23):
be careful, I say, run and give us a call,
but be careful. There are instances where maybe it makes sense,
But for the most part, what I've seen over the
decades is people are getting sold indexed annuities and they
have eras, and they're using some of the insurance things
(08:47):
that you can wrap on to the annuity as a
good idea that it makes sense that you're buying a
tax deferred commission product in a tax effen account such
as an IRA. I most of the time find that
there was no reason to do that, and that the
(09:08):
annuity made no sense at all, because you can get
the same type of strategies where you have upside to
the market through an index and don't capture all of
the downside and have some you know, minimum guarantees, so
on without buying a commission based long term annuity. I
(09:33):
don't know how I got on that subject, but now
that I'm on it. The other thing to know about
annuities and why I'm not a fan and don't sell
people annuities because we don't sell anything. First of all,
that's not what a fiduciary does. A fiduciary advises. A
fiduciary looks to help you with things that are in
(09:53):
your best interests, not our own. And when you're selling
things that have a commission, well, the commission is not
in your best interest. That's in the interest of the
salesperson who's going to get the commission. So nevertheless, that
commission is often not disclosed, and it's often anywhere from
(10:17):
you know, five percent on the low side to ten
percent on the high side. Immediately to the selling agent,
think of that right there. Agent agent means they represent
the insurance company. Agent does not mean they represent you.
Those are crucial things to know. So when you hear
(10:40):
other shows or go to other seminars and they start pitching,
you know, oh, a product that magically, you know, captures
some of the market stock market upside without capturing you know,
some or all of the downside, and you know there's
(11:01):
there's no you know, annual fee or advisory fee. Chances
are they're talking about an annuity. They're talking about an
index annuity, and they're going to make five to ten
percent up front. So if you put one hundred thousand,
five hundred thousand, a million, I've heard some other shows
(11:23):
on TV saying if you have a million dollars, and
then I know they're annuity salesmen. They're going to make
sixty seventy eighty thousand dollars up front. That's years and
years and years of our planning and advisory fee, which
is one fee. By the way, we don't charge separately
(11:45):
for planning. It's part of our responsibility to help you
reach your goals and objectives now and for the rest
of your lives. So I want to re announce that
we're having and I got on a diet tribe, we're
having our first dinner seminar for retirees or people who
(12:06):
are about to retire or are just concerned and want
to know that they're in good shape too eventually retire,
and in fact, well, we'll do a portfolio review, will
give you a second opinion we'll even do a retirement
plan for you all with no obligation by calling nine
(12:27):
to one six nine six seven thirty five hundred. But
again remember our first dinner workshop, which we pull the
curtain or pull the covers back, open the curtains on
exactly how we do things, but more importantly why we
believe we're different, why we believe that our way is
(12:48):
the best way, and we try to prove it to you.
And that's really what you'll see. You'll see exactly the
types of process, portfolios, results, things that we think are
helping and can prove that they're helping you know, our
(13:09):
clients now and long term, and that our strategy and
our active money management philosophy, one that starts with risk
mitigation and ends with you know, income and growth and legacy,
(13:31):
is one that you have to see for yourself. So
call us at nine one six nine sixty seven to
register for our March fourth, which is a Wednesday from
five thirty to seven dinner seminar for retirees, which will
be held at Wood Creek Golf Club in Roseville. Again
(13:52):
called a register. By the way, I think there's a
dress code. There was definitely a dress code at Granite Bay,
So where your Sunday best. You know, uh, not that
any of our our our attendees have ever been in
in tank tops or or cut off jeans, but boy
(14:13):
would that be kind of comical. But no, most country clubs,
golf color courses do have a a dress code, so
keep that in mind. Again, not that I should even
have to say that, or and and can't think of
a single situation where that would even be applicable, but
just so you know, again, called nine one six nine
(14:35):
six seven thirty five hundred to register. I don't know
what the capacity of the venue is at Wood Creek,
but I imagine that will be overregistered. So don't wait,
and we'll send you plenty of reminders along the way
so you don't forget, via email, via phone call, just
(14:57):
reminding you that you signed up and when the event
uh is taking place, to ensure that you don't forget.
So the big news during the week, and gosh, I
just get so sick that this is something that we
need to look for. I'm so tired of Jerome Powell,
(15:18):
the Federal Reserve Board, the FOMC, and that one, one agency,
one person can move markets. In fact, when interest rates
were basically left unchanged. This week, you know, the market
sold off a bit. I warned people that were there
(15:39):
would be several headwinds, and I do believe they're cautiously
or to take caution, but they are by the dip opportunities.
Because let's let's think of the inverse. If you're leaving
interest I know, you know that everybody loves cheap money
(15:59):
to borrow, including big companies, including money managers, institutions of
any kind. We all love access to cheap capital. But
if we're lowering interest rates, if we're easing monetary policy,
which is really the job that we have and then
(16:21):
the reason why we created the central banking system, well
then that means our economy is not doing well. That means,
you know, unemployment is high. You know, unemployment insurance claims
are high. GDP is flat or negative, the dollar, you
(16:42):
know is and well it is dropping in value, but
I think it's a short term drop, so on and
so forth. So the fact that we're leaving interest rates
where they are is not a bad thing. It's just
the opposite of the bad of a bad thing economy. However,
because it's it caused a dip and just a dip
(17:06):
in the week, not a dip overall. This is a
record more news for you that the Dow, the S
and P and the Nasdaq, and I forget which one
is which, but most of those three were up nine,
eight or nine consecutive months in a row, which is
(17:28):
the longest consecutive up months for our overall, the majority
of the stocks that make up these stock indices since
two thousand and eighteen. So from a stock perspective, a
stock market perspective, yeah, there's dips. From an economy perspective,
(17:51):
there's news that causes reaction, that causes selling, that causes dips,
but it's not because there's something fundamentally wrong with our economy.
So cautiously you should be buying quality dived in pain
(18:11):
interest pain investments here if you're retired or about to retire. Also,
this reminds you over and over again that you know,
at some point you should lock in and rebalance some
of your biggest profit positions. I'm not saying sell out completely,
(18:36):
but how many times do you need to be reminded
when something goes up and it hits, you know, a
new record or gets close to its record highs, and
then it comes back down again that you go, huh,
maybe I should have sold some of that. So you know,
the strategy that we're talking about here is right now
(18:59):
dollar cost dout average, you know, especially into positions that
again everything looks good. We look at your basic fundamentals
of a company, of the economy of your investment portfolio,
as well as the technicals. Is their momentum, Is there
a pattern? Is there, you know, a sentiment? Is there
(19:23):
other indicators beyond just the fundamentals that suggest, you know,
it's time to stay in risk investments versus it's time
to get out of risk investments. And right now, based
on what we've seen, what we research, what we read,
what we hear, what we do every day, it's time
(19:43):
to be in risk investments now. Again, caution here, that
doesn't mean that you put one hundred percent of your
money in any one thing that has done incredible or
any one category of things that have done incredible, because
too much of a good thing always works out to
(20:03):
be too much of a good thing, and we'll bite
you in the behind. So be diversified. Know that there's
more ways to make money than just stocks, and within stocks,
there's more money to be made on stocks than just
AI or tech stocks. And that's really the power of
(20:27):
what we do. It's really focusing on true needs, that
focus on true diversification, to focus on true you know,
protection of what you created, you know, over your lifetime
of earnings first, and then figure out what's out there
(20:48):
to get you to the income or the growth or
the goals you know, beyond the needs second. So that
is just crucial. And when you do that, and when
you do it with an air of caution, then you
know you don't have to worry about the dips or
(21:09):
the corrections. Right. For example, out one of our stock models,
if you will, which is made up of individual stocks,
ten of them in fact, where we run a screen
and do our selecting from an out of the S
(21:30):
and P five hundred, just ten companies, and then we
look at the ten every single month to see if
they should stay the ten what we call the top ten,
or should there be a change. Some months there's a change,
many months there isn't a change. But that particular strategy
(21:53):
and process that we use to pick those ten stocks
has outperformed the S and P five hundred for the
last three years, and in twenty twenty two it also
outperformed on the downside. Now, nobody wants to be, you know,
the tallest short person, but in essence, that's what that
(22:18):
that's what that is. I mean the S and P
was down nineteen percent roughly give or take in twenty two,
and this was down less than nine percent in twenty
twenty two. So you know, again it wasn't a reason
to panic, It wasn't a reason to lock in losses.
(22:41):
In fact, twenty two represented a reason to buy, to
invest into quality companies that again fundamentally weren't down because
their company maybe their growth slowed down, but they were
still meeting exceeding their earnings. In many case, even during
(23:06):
twenty twenty two, many companies throughout the year met their earnings,
and earnings every quarter is a big gauge of the
health of a company. We look at it quarter over quarter,
we look at it year over year. We compare it
(23:28):
to what's happening in the economy, what trend is the
economy or the markets in so on and so forth.
And then if things still look good and a particular
investment is down, if it's appropriate for your goals and
objectives and what your financial plan says, will buy more.
Just as if we have something that has run its
(23:53):
course and it's time to sell it, we will sell it,
sell all of it, sell some of it, you know,
but we will sell you know, when when necessary. Where
many people going alone don't know when to sell, they
don't know when to buy. So please come and see
(24:13):
us at our March fourth Dinner Seminar for retirees at
Wood Creek Golf Club in Roseville from five thirty to seven.
Call and register now, because I know seating is limited,
the meals are limited, It's going to be a good meal.
(24:33):
By calling nine one six nine six seven thirty five hundred.
I'm your host, John Scambero, And let's talk more about
just good sound principles when it comes to managing money.
Just good sound practices and good diversification and good rules
(24:57):
of thumb to help you reduce use your risk but
still maintain good upside when it comes to your investments.
And so first and foremost, and as I mentioned, you know,
if you're investing in stocks, there is more than just
the tech industry. So many sectors were much better buys
(25:24):
last year and this year to start than just tech stocks. Okay,
and so many times people get caught up in the headline.
So first and foremost, let's let's recap a little bit
within each category of investment. Don't get married to one
sector or one particular position or company in that sector.
(25:50):
It will be good as long as it's good until
something comes out that again bites you where you don't
want to be bit So, you know, we like to
look for companies that we believe are undervalued, but also
pay dividends and have a long term track record of
(26:13):
consistently paying those dividends and consistently increasing those dividends. Sometimes
the rate of return you can make on your money
doesn't have to be just on the gain side, where
you know, for example, I paid ten dollars per share,
and if it goes to twenty dollars a share over
(26:33):
a three to five seven year period, well great, that's
how I made my money. I then sell whatever I
bought for twenty dollars a share, and then I realized
that long term rate of return of one hundred percent
over gosh, hopefully it's three years, maybe it's five, but
more than likely it's about seven. That's one way to
(26:56):
make money. We like companies that have that potential to
do that to increase in price over a long period
of time. But we like companies that also pay a dividend.
So while you're waiting for price appreciation, you're still getting paid.
You're still making money on that investment, while you're waiting
(27:21):
to decide when it's time to sell and when it's
time to maybe put the money in something else. So
get paid for your time when you're investing. As rule
number one, I guess rule number one was don't put
all of your eggs in one basket, truly, And let
(27:43):
me get on a diatribe about diversification real quick. The
mutual fund industry has done an insane job of making
you think that when you buy different brands, different names
of mutual funds, that your diverse. Well, chances are you're not,
(28:04):
especially if you have many different growth funds or growth
and income funds that are just branded differently, or my favorite,
you have many different mutual funds that are different brands
and they're just at different firms. That is not diversification.
In fact, chances are you're duplicating what you have in
(28:28):
your portfolio from one firm to the other firm. Plus
there's a strong chance that many of the top ten
holdings inside of the funds that you have are all
the same. That's not diversification. Diversification is looking for investments
that aren't perfectly correlated together, so that when one goes down,
(28:53):
maybe it's not going down in the same amount, or
even better, maybe when a particular investment that you have
is going down, something else is going up. That's what
you look for when you're diversifying your investments. Is there
something that has a lower correlation to what it is
(29:15):
you already have. Does it have a lower standard deviation
to the market as a whole. Does it pay dividends
or does it pay interest? Does it pay fixed interest?
Is there any sort of you know, minimum guarantees or
or things that you can rely on, and and and
(29:37):
a word about guarantee. There's no such thing that every
that that the word guarantee means that at no time
will you ever potentially lose money when it comes to investments. Yeah,
there's some things that are more risky than others. There's
some things that you at least are guaranteed a rap
(30:00):
of return. For example, you might not be guaranteed that
that the company doesn't default, but at least there's fixed
and guaranteed on contractually what you signed up for. Even
the government, even if you have you know, US treasuries,
you're not guaranteed that if you liquidate your treasury early
(30:24):
that you don't lose principle. The only thing you're guaranteed,
for the most part by by a country that's working
on forty trillion dollars in debt is that you're going
to get the interest the cupeon the fixed amount that
the government bond is promising you. That's about the highest
(30:47):
guarantee that is out there. Otherwise, there is no investments
that if and if anybody says you're one hundred percent guaranteed,
I guarantee you can't lose any money. I guarantee you're
gonna make XYZ, please run and run quickly and then
(31:08):
call the wise money guys at nine one six ninety
six seven thirty five hundred. I didn't mean to be
a downer, but that's the reality and so true. Diversification,
focusing on things that have a lower correlation to each other,
focusing on getting paid for your time while you're in
(31:28):
investment are all ways to help mitigate risk, to help
ensure as much as you can that you'll achieve your
goals for whatever your money and financial lives goals are
over a long period of time, consistently and confidently. And
(31:48):
in order to do that, you must know what you're doing,
and I highly recommend you don't do it by yourself.
In fact, I'm often surprised when somebody comes in. You know,
they're seventy years old. They've been managing their money themselves,
you know, in good markets like we've had right now,
the last three years in a row, they've done fine. Well.
(32:11):
Quite frankly, that's not when you need your professional helping
you most. It's on the downside. It's on the emotion side,
not making mistakes when things are volatile like they're going
to be this year news wise, and I said, you know,
we'll talk about news and strategy as it relates to
(32:32):
that news, so on and so forth. You know that
the tariff battles coming next. We got past the inflation
interest rate conversation in this FED meeting that just took place,
an announcement that interest rates are going to be unchanged.
And now you know by literally the the the end
of this month, which in fact is today. You know,
(32:57):
the tariff conversation will be big next week. There be volatility,
meaning investments that react in people that over react based
on what the outcome is. Do they pass a continuing resolution?
Do they fund the Department of Homeland Security, which, by
(33:17):
the way, the Department of Homeland Security and ICE was
already funded for five years in the big Beautiful Bill,
So this would completely be a shutdown that would have
nothing to do with preventing ICE and DHS from doing
their job, but it would stop the military from getting
(33:39):
their paychecks. Do we really want that? I mean, can't
we agree that that's not a good thing. Can't we
agree that some of the other essential services and shutting
down the government and them not getting paid again, I
think it'll be a buying opportunity on the investment side.
The volatility helps to make our job when to buy,
(34:03):
you know, more clear than other times when you don't
get you know, volatility that's not related to the economy
or related to the performance of a company that you're
investing in, so you know, again, don't overreact. But the
next round of questionable policy that may affect your investments
(34:29):
is the tariff battle come in this week. I mean,
excuse me, that's another one. The shutdown that is coming
this week, So keep that in mind. And again, if
you're unsure of what you should be in, if you're unsure,
if you're on track to never run out of money,
if you're on sure, if you're not getting the highest income,
(34:51):
best growth rates, the best opportunities in your portfolio that
you can with the least amount of risk that we
can find, you know, give us a call at nine
one six nine six seven thirty five hundred. I hope
you've been enjoying the show so far as things relate
to what is going on with the government shut down.
(35:17):
I'm hoping this one is not as long as the
previous one. However, that being said, I do think that
certain sectors, certain investments, will shrug it off without any
problems whatsoever. There's things that are tied to the government
(35:40):
shutting down, sectors that could see quite a bit of
a selloff. For example, defence companies that you know, provide
you know, goods and services to the military. Energy companies
might take a bit of a hit. Things that are
(36:01):
subsidized by the government could could take a hit, so
on and so forth. But knowing that these things are
going to happen, even though they're not guaranteed to happen.
I don't know for sure the government's going to shut
down next week, but if history is any indication of
(36:22):
what our Washington representatives are capable of doing, well, chances
are pretty good that we're going to see a shutdown,
and it might even be one as long or longer.
Now I don't think it is, but again, I think
knowing it's coming, knowing that there will be a reaction
(36:43):
to it, knowing what types of investments that you have
and how they'll react is crucial. So let us put
our eyes on what you've done and what you're doing
and what you have. Again, no pressure, no oblige gation.
We'll give you advice and give you our opinions and
(37:06):
you can do something with that or not, or maybe
you decide that, shoot, I'm tired of doing this myself,
or I'm not exactly thrilled with the value proposition of
the current firm I'm working with, and want to give
us a chance to help you, And so you know
(37:27):
that's my I guess my main point of this show
is know that these things are coming, know that there's
good principles of portfolio management, there's good strategies. You know
out there there's ways to reduce your exposure to stocks
(37:47):
but still get you know, good potential returns on your money.
What's funny is one of the things that we've really
loved this year, oh gosh, this year year and this year.
In fact, we just did one that we talked about
last week, is you know these these structured notes that
(38:07):
there's no commission. You can get out quarterly. We can
get you out quarterly if necessary, but it's a way
to get a high fixed income with some downside protection
on the market which is priced very high here. In fact,
this one we just did had a cube on an
(38:28):
interest rate fixed at over ten percent and at the
maturity if it makes it that long. And why I
say that is often you know, these things get refinanced,
they get called early, which is really what a being
called early is. It's a company going heck, we put
(38:50):
that investment out, we put that bond out, we put
that note out, we put that out, and it was
made sense at the time to pay ten point five
percent or whatever the rate is. But now that doesn't
make sense anymore, and it's a year later and we're
going to pay you back early and you'll keep what
interest you got, and you get your principle back as
(39:15):
long as the market or when it gets called this
doesn't apply. But as long as the market in this
particular last one we just did isn't down forty percent
at maturity, you get one hundred percent of your principle
back and all of the interest that you were paid
over the three year term. So that's very interesting. That's
(39:39):
a way to get a stock like return without one
hundred percent stock market risk. Still have equity risk, still
have default risk, but at least there's some there's some barriers,
there's some protection, there's some you know, flexibility versu is
(40:00):
just owning the S and P five hundred index fund
in your four to one K or in your IRA
or in your trust account. Whereas heck, if the market's
down thirty percent, the S and P down thirty percent,
you're down thirty percent. Well, if this is down thirty
percent when it matures, that's not forty. It could be
(40:21):
down thirty nine point ninety nine, that's not forty, and
you get all of your principle back plus whatever interest
you collected. That's pretty cool anyway, Not to go into
anything specific, but that's just an area in ways and
that falls under alternatives in your portfolio. So there's many
(40:42):
ways and many investments out there now that firms like
ours have access to because we're not an employee or
a corporate owned We worked with the biggest corporations and
best platforms in class right now. But there's nobody saying,
(41:04):
you know, oh, you have to sell this or do that.
It is whatever is out there that we can find
that you need, not what we need, what you need.
And if there's a way to get you a six
seven eight percent cash flow without you know, taking one
hundred percent stock market risk, we're going to find it.
(41:27):
And and quite frankly, over the last couple of years,
there has been between dividends, fixed interest rates, alternative dividends
and interest rates, there's been six seven eight percent you know,
cash flow investments out there that you know, we've been
putting in people's portfolios that you know, uh have. I
(41:53):
don't want to say our job is easy, but high
interest rates have made our job a little bit easier
to find people good returns on their money. And so
with that, let's see, one of the things that I'll
end with is that again, if you're unsure of what
(42:15):
you should be doing right now, if you're retired, if
you've been you know, watching things go up and down,
if you've not been happy with the firm or the
or the value prop from whoever you're working with. Now,
come to our workshop, you know, get a free meal
in a nice venue, no pressure. I promise you will
(42:39):
walk away thinking that's a good use of your time.
We've never had anybody go man, I wish I didn't
go to that. I didn't learn anything. And how do
we know that because of the response forms that we
ask you to require, which is the only requirement to attending,
getting the free information, getting the free meal. Remember it's
(43:00):
at Wood Creek Golf Club in Roseville on March fourth,
which is a Wednesday, from five thirty to seven pm.
Called nine one six nine six seven thirty five hundred.
Again that number is nine one six nine six seven
thirty five hundred. As always, I hope you enjoyed this
(43:21):
week's show. I certainly did. Please come back and give
us a listen next weekend. Have a wonderful Saturday by
all
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