April 18, 2025 • 45 mins
In this episode, Robert and Kalyn dive into their usual hilarious banter while discussing their YouTube channel's highs and lows, fan feedback, and earnings. From Justin's strong opinions on guests to dissecting the inexplicable success of certain videos, they cover it all. The duo also delves into real estate investments, debates about remote work trends post-COVID, and even touches on political riffs and tariffs. As they munch on more of their gargantuan gummy bear, they ponder the absurdities of business values and plan for their big 50th episode. Join for a blend of serious talks, absurd humor, and a whole lot of gummy bear chomping!
00:00 Fan Feedback on Coach Josh 00:48 Analyzing Episode Views and Engagement 03:14 Discussion on Tariffs and Trade Policies 09:46 Debate on Healthcare and Government Involvement 13:53 Student Loans and Financial Burdens 15:04 University Mascots and Hand Symbols 21:30 Introduction to Realty Income Corporation 23:37 The Shift to Remote Work 23:55 Productivity and Shirking at Home 25:45 Investor Presentation Analysis 26:40 Real Estate Investment Insights 29:55 Company Values and Mission 35:30 Portfolio Review and Gummy Bear Challenge 43:16 Closing Remarks and Future Plans
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Yeah, I gotta tell you, like, uh, you know, our, one of our two fans, Justin, he was not, he did not like coach Josh at all.
Oh really? Yeah.
He was like this guy coach Josh.
Yeah.
He is like, he's like, your impression of Coach Josh was better.
Well, we knew that was gonna be the case.
Of course.
I mean, because I'm like, mustache.
(00:22):
That was what I, I don't, I really don't know what his issue was in what Justin's issue was.
Yeah.
Yeah.
Really.
And so after that I was like, oh, maybe we shouldn't do, uh, maybe we shouldn't do guests, or, I don't know.
I came outta that episode or recording.
I was like, oh, that was, that worked out pretty good.
That was good.
Yeah.
We should do more guests.
And then, and then, uh, Justin was like, that sucked.
(00:44):
Yeah.
He's like, you worst episode yet? Yeah.
Guests are awful, you know? And yeah.
You know, I like our last episode.
Yeah.
27 24 views for the hour long thing.
For the hour long one.
Yeah.
I mean the one before that with, uh, Janice 165.
So it got up into, for us, semi-healthy range.
(01:05):
I mean, our best one, and this keeps adding views.
I don't know what the hell is going on.
But elections and cheese, why everything is, is our number one by a long shot and this and a hundred percent likes.
Yeah.
And uh, 26 likes.
Yeah.
And right here's the views over time.
Right.
This is like.
Yeah, like weird.
(01:26):
Like it's funny that it has these little spikes, like Yeah.
I don't know if something, it comes up in the search or something.
Yeah.
You know, people, people watched like a lot of it Wow.
For us, like Right, right.
For this to be any number above one minute.
Yeah.
No kidding.
Yeah.
So I don't know what is.
The deal with this.
(01:47):
I mean, the shorts, we've got like the shorts, you know, they'll, they're breaking a thousand.
A lot of 'em.
Yeah.
Wow.
I made a comment on the last video, but it doesn't look like it's me.
The one about Definitely edit this out.
The one that's the one that's Jo.
Yeah.
What was that guys? I was like, oh, cut.
Josh was great.
We should have said late or whatever, so.
Oh, I to be, see, I, I totally thought that was either Josh or one of his people.
(02:12):
Oh, who did that? Because that fits perfectly.
Yeah.
Yeah.
It was me.
What do you mean cut this out? This is exactly what we're gonna leave in.
We've like told people we buy likes and or buy comments or whatever.
Yeah, yeah.
No.
What did we buy? We bought views is what we bought.
Yeah.
Yeah.
Right.
And then that was worthless.
(02:33):
Yeah.
Maybe, maybe, maybe like has a long, maybe is the same, maybe like.
Something about it helped in the end.
I don't know.
Yeah.
Half of my life has been looking for my keys or my, my phone.
You need the clapper.
The whole, the biggest reason I like having a watch is 'cause I can do the, like find my phone thing, like, which raises the obvious question, like what happens when you lose your watch, but.
(02:56):
Well then I have my phone.
Hopefully I can find my, can you? I've only lost my watch once, so, and if you lose 'em both, then you're, yeah.
You're effed and it's not Yeah.
And when I say lost, it's very like, it's like somewhere in my apartment.
Well, no, I get it in the piles properly.
Lost the piles of crap.
Yeah, I get it.
Yeah.
Um, yeah, so there's, I saw a, a short video, I think it was actually a short on YouTube, but yeah, it was, uh, this dude who's an importer exporter in the US and he was talking about like.
(03:23):
Who actually pays the tariffs.
Right.
And uh, so he said that he pay, like, this is not something that I pay the tariffs.
I pay all the tariffs.
That's what he said.
No, but pretty much like, he's like, when, when goods come in, I pay the tariff to the government, whatever.
Like they can, like, basically it's like only we end up paying.
And then he upcharges the, like consumer.
(03:46):
Yeah.
So like a consumer pays him back, but he, he like, he's not getting additional money from any.
International person, you know, so, right.
Yeah.
The consumer, if you buy direct from the manufacturer, apparently that's like a loophole for Americans if it's under $800 or something like that.
No, that's the old rule they got, they waived the $800 rule.
Oh, okay.
Yeah.
Um, yeah.
(04:08):
Yeah.
I don't, I mean, there's also a Ferris Bueller's day off clip that's like really, like apparently, and I Oh, the Holly Smoot tariff bit from Ben Stein, maybe.
Probably.
Yeah.
Yeah, yeah.
I keep seeing that online.
They did not, and they sunk deeper into depression, into the what? Anyone that, that Great.
Depression.
(04:31):
No, I have just, I like, I keep looking for someone to explain like what the, like what is the rationale? Like explain this at all.
To me it feels like a political move.
Like, not like actually benefit for economics.
It's just like a, well, we're gonna do this because we want you, you know, we don't like how you're behaving Russia with Ukraine, so we're gonna put tariffs on your stuff.
(04:54):
And like knowing that, that that's not gonna really have as huge of a splash, but it's just to get them to Are you, are you ready for the full on rant? Because I, I have come around.
All right.
I've been wondering for well over now nine years.
Is Donald Trump crazy? A genius? Insane.
(05:17):
An idiot.
I know there was, there was, you know, some synonyms in there.
Yeah.
But at the end of the day, I've decided he's an idiot.
He is an idiot.
Uh, we'll get back to that part later.
But you hear what Bill Mark said about him? I'm sure he, well, he said he had a lovely dinner with him.
Yeah, that's exactly right.
Like I, yeah, he's like, I've, everything that I've said that was bad.
(05:41):
Didn't exist at this dinner, like totally reasonable.
Came back with like in Yeah, you, you know, you can, and I was like.
Yes.
But you've met, you've met very nice stupid people, haven't you? Well, sure, but I mean, bill Mar like also, I mean, if I was gonna pick somebody to be like, here's gonna be a great dinner, they're gonna have such a lovely time.
(06:03):
Like, yeah.
Well, I think because I think the most likely outcome is.
You know, he pulls, he comes up with the reason whate, he makes up an excuse.
Yeah.
And then we're gonna go, right, we're gonna, China called me, we got this amazing deal.
Like now the tariffs are back off and they're gonna, and they're gonna send us Yeah.
Free tickets to the Shalin Circus or whatever.
And they're like, right.
And so you're like, I'm doing that for sure, for sure.
(06:24):
And then, and then people line up and they'll be like, this is what Donald Trump wanted all along.
Right.
You know? Right.
Yeah.
I don't think he's like the visionary that like his, the people who are like, I love him, but like, I think that that's how it's gonna play out, and he is gonna keep as many people liking him as he's got.
Now.
The 40 chest thing, I think is just total nonsense, but Oh, yeah.
(06:44):
No, I, I don't like, yeah, I don't think he has some.
Specific special, like, you know, vision slash insight into like what will happen and how.
But yeah, I think that there's, that's like legit though.
I mean, and, and it has had some impacts on like other countries, you know, like maybe not China.
Like China seems to be like ready to like.
They're not backing down about tariffs at all, or I don't know.
(07:06):
No, you know, I don't pay attention to, well, this is where, this is the most informed I've ever been on this podcast.
Like, but uh, but this is where I got to the idiot part where I was like, where? You put, okay, let's just war game this out.
Here's a pretend scenario.
Calin.
We're gonna tax the shit out of one of our biggest trading partners.
Yeah.
What do you think they might do if we did that? They're gonna back down, sit there and take it, right? Yeah.
(07:31):
Of course.
They will sit there and take it.
This is what Donald Trump and his people determined was the outcome.
That not, not only like that outcome is so assured we don't even need to consider alternatives.
You know what I.
So what does China do? China's like, yeah, you got a better hand.
You got the Ace King.
But I got a pretty good hand too, right? I got, I got pocket eights.
(07:51):
You know I'm gonna play this hand or pockets in.
Yeah, yeah.
You know, and so they're like, well, we hold a lot of your bonds.
How about we sell a few? Just to like scare some sense into you, right? Oh, here's another thing that we hold that you have none of rare earth.
Minerals.
Yeah.
Yeah, yeah.
And by the way, you really, really want these, for your electric vehicles, those missiles.
(08:12):
You're busy, you know, defending the country, you know the Yeah.
The western world with, uh, motors and all this stuff.
Right.
Like, anyway, you're like, oh, it didn't occur to anybody that, that, that the Chinese might Yeah, they might, yeah.
They might play hardball because it was more or less, the first thing that occurred to me is like when you, especially the reciprocal terrace part, where you're like, okay, if we put terrace on them, what might they do? What might they do? Hmm.
(08:36):
Hmm.
Put, put tars on us.
No, no.
Like, no, that's never gonna happen.
Yeah.
I mean, I don't know.
That is super subsidized by the government.
Well, that's a, oh, well that's another way that, yeah, but that's the D, so, all right.
Yes.
This is the Democrat way to make things cheap is to give people more money.
(08:58):
Yeah.
To buy it or, well, yeah, pay people more to make it, which is so, yeah.
Outside of court though, you know what I mean? Yeah.
Like.
The reason things are as cheap as they are is because Walmart has pushed down the price.
And Manu, no, Walmart has driven all those little guys out of business that they're trying to, that are, I'm trying to make money to ca cap like, this is what frustrated.
(09:19):
And this frustrated me as a business owner too.
This is like the most serious conversation we ever had on this podcast.
No, I'm kidding.
I was like, man, today's hilarious.
How come, how come we didn't like write a plan? We, I had no topics except for, uh, the letter o ticker signal.
And of course you gotta talk about.
I'm pointing at this thing, but that has nothing to do with any, anyway.
Yeah.
Uh, go on.
(09:40):
So once, go on back to our serious talk once again.
Unfettered capitalism.
Yeah.
Yeah.
Uh, uh, no, listen, capitalism is a machine right that you aim at.
That you aim at.
What it, what it does is it maximizes profits, right? You aim this thing at something and say, go maximize the profits and it will do whatever it has to do to maximize these profits.
(10:04):
Right? The government providing single payer health care.
Than businesses.
Right.
They businesses should love the idea of taking that off of their p and l.
Absolutely.
Right? Yeah.
But for some reason it's always the, you know, business conservatives are the ones that are very opposed to this.
I don't know if it's 'cause they figured taxes are gonna run outta control, but the government's never had any issue.
(10:26):
It never seemed to have any trouble spending money They don't have.
So why would they create taxes or, well, I mean like with Medicare and Medicaid, like the government like tells the hospitals how much things are gonna cost and that's like, they're like, you can charge us whatever you want.
We're paying this rate 'cause this is the rate that this surgery should cost.
You know? And like.
(10:48):
And hospitals just have to like bend over and take it, like, pretty much.
I mean, like the, yeah.
When I was working at MD Anderson, we were, they always got like, so they were so into international customers.
Yeah, because like they pay cash full price, you know, like they're paying the ticket, the, the top price.
I mean, even if you have any of the other coverage in the us like United will go in and say like, okay, well we have a negotiated rate, blah, blah, blah, blah, blah.
(11:14):
I'm sure if whatever system the government came up with.
That to replace our current system would also suck and also be terrify.
It'd be like the va, you know, like the VA system.
Like, it's not, not the best.
Like, you know, you don't hear people being like, man, I love gonna the VA hospital.
Like I always get seen right away by really great doc, blah, blah, blah.
Oh, I hear, once you're in the VA system, it's wonderful.
That's what I've heard.
Oh, really? But it's the getting in part that like, like getting approved and blah, blah, blah, blah, blah.
(11:40):
But I don't know.
Yeah, it's probably all terrible.
I mean like, yeah, it's gonna be, I mean, there will be aspects of it.
I'm sure that'll like.
Going to the DMV, like, you know, or dealing with the postal service, like any of the government systems.
Like, it's gonna be like, oh, like it'll take you eight years to see a pcp.
But I mean, if you have major shit that happens, then like, they will take you maybe two years.
(12:01):
No, every time.
Every time somebody's like, we gotta, they want to, you know, you want to have the government take over stuff.
I'm like.
Uh, so you want the whole, this whole industry to be run like the DMV or whatever, right? Right.
Yeah.
And I mean, I think the, like, the, like there's reasons that like our healthcare system is really good.
I mean, that, that maybe have, maybe the government would ruin for us.
(12:25):
I dunno.
Like, I mean like MD Anderson didn't get tons of big like customers from other countries because they're such a great cancer hospital.
Well, and I also look at like, you know, then I look at.
Alright, well, do I want the airlines which are private to like run? Yeah.
Right.
Am I really thrilled about the way they do business? Yeah.
And like, like cable companies and your credit card companies.
(12:48):
Right.
And, and uh, and then I'm like, should we let those people run the prisons? You know, like, yeah.
I mean, I dunno.
Prisons are a weird thing 'cause like there's so many that are privatized, but like, yeah.
But then like that kind of promotes recidivism, which is not, not really what we want.
You know? Like whether or not you think it's like gonna be re rehabilitating people.
(13:10):
Like we definitely don't want return customers, but like, but we kind of do, if it's a private fist, if we're getting paid for return customers.
Yeah.
If we're getting more based on how many people are in jail then like.
That's a little bit weird.
Kaylyn is pro REI recidivism, so no, not pro recidivism.
Like recidivism's bad.
(13:31):
We don't want people to come back when the, when you, when you let the student loan.
Facilitators, you know, manage who, who can get off the programs early.
Yeah.
For various reasons.
It turns out they don't do a very good job of that.
Yeah.
You know, and walking people through the appropriate paperwork they have to file at, at what time period, you know? Yeah.
(13:52):
Um, I kind of have mixed feelings about like the, like loan forgiveness stuff now that I've paid mine off.
Right.
I'm like, I mean, cool.
I guess like, I don't like that, like the loans are loan situation is what it is, but also like.
I worked really fucking hard to pay that a hundred grand off.
Like that was really a lot of work, you know? Yeah.
So like, well, and imagine you're like, all right, you're a, you're a welder.
(14:17):
You didn't go to college, you know? Right.
You've got a house loan.
You got a truck loan on your truck.
Yeah.
Yeah.
Calls trucking, you know, welding equipment around you.
Yeah.
You had to buy all your equipment, all that You bought that, that was on a loan.
Right.
You know, you'd love for that to be paid off.
So what's so great about.
You know, having a sociology degree like I studied, why is that so much more in the public interest.
(14:38):
We should be paying for that, right? Than Yeah, we were, we're not, than the welder truck.
Right? Maybe it should be the stem like.
Um, grad ticket gets, we don't need to lose any, uh, of our subscribers here.
So if any of the, any of you, 400, whatever, whatever you guys majored in, that should definitely be prioritized life.
You're very smart.
It's, uh, yes.
But, uh, but yeah, I mean, we, but we could use more doctors or say, or something, you know, whatever it is.
(15:04):
Sure.
So maybe having pre-med people, I don't know their mascot's, the dumbest, are you sharing your screen? No, it's like the dumbest looking.
Mascot.
I mean, sorry.
I'm sure there are many, like, come on, you're alienated everybody.
Anthropology majors.
Uh, yeah.
Fricking Sam.
Houston State.
Yeah.
ISI like, I like know one person who went to Sam Houston State and I think that they studied anthropology.
(15:28):
Um, so that person's not, not my friend anymore.
Done watching this show.
That's it for damn sure.
But, uh, yeah.
No.
And then in Texas, every university has to have a hand symbol.
Yeah.
Except all the good ones are taken.
Right.
This is U of H.
Yeah.
Which by the way, is, uh, known as the shocker, right? Yes.
(15:50):
Two in the pink, one in the stink.
Nice.
Like it's beautifully.
Yeah.
We're like, no, cos.
Whatever.
Yeah, no.
Yeah.
This is like about like whatever, one of the pop Look it up people.
It's, it's a, even as, uh, dirty as we get it, it's uh, yeah.
Overall that mean it's, yeah.
No, but yeah, so we got the Longhorns of Texas, which that they got the coolest one.
(16:15):
Let's be, or it's something like whatever it is, I don't know.
Yeah, because that's like the fucking rock and roll also.
Yeah.
And it also like, looks like a Longhorn and so they got the good one and then you got the Aggies, which is.
Kind of dumb if I'm being real honest.
Yeah, it's, but you know, and then you got the red Raiders, and then you got the Baylor Bears, and then evidently, because this was taken you at the Cougars, and I swear to God, one of 'em is just, yeah, yeah, definitely.
(16:42):
One of 'em is this, just this, which like, so like Boo.
So we're mi okay, so you're missing this and you're missing.
This and you're missing.
I love you.
Thank you.
This, and you're missing combinations.
Okay, so we can, so we can handle, we can handle like.
(17:05):
Five or 10 more, you'd probably still have Yeah.
Fingers.
Maybe like this one.
The fuckers for you listeners just made the, uh, hump sign with the finger.
Yeah.
For the fuckers.
When they, when they play the cougars, it's a nasty, nasty.
(17:26):
It's a dirty, dirty game.
Dirty that is dirty, that cannot be aired on regular cable.
There's this thing with cougars being cats too, and you know the, you know the dirty name for.
Yeah.
Yeah.
Female private parts, and then you have this, the right, we're all over it.
Like, except nobody like talks to each other.
(17:51):
I mean, it's all comm, it's a commuter school.
Right.
Moley is a shit about any of that stuff.
Yeah.
I mean like, yeah.
I guess there are fans in the stands and all that.
People, yeah.
So people cared.
I mean, with the basketball, like.
Just happening.
UU of H came in second.
Oh yeah.
Like at the Nailbiter? Yeah, I guess.
Yeah.
So here's what we need to do.
(18:11):
We're gonna roll the music here in a second.
Oh yeah.
But.
Uh, we need to come up with the, uh, Robert and Kaylyn get rich hand signal.
So a perfect fit.
Yeah.
But uh, I know we have this thing too.
Oh, okay.
That's it.
Maybe cue, cue the music You are listening to the Robert and Woo woo.
(18:35):
Get Rich.
Woo hoo.
This is episode.
Can you believe this number? This is like a made up number.
49 episode 49.
Crazy.
Today is Tuesday, April 15th.
Uh, is this tax day? I guess so.
Oh, Jesus.
Hopefully.
Hopefully all you listeners got your tax.
Is done three days ago when this comes out.
(18:55):
Yeah.
Uh, episode 49.
Uh, I am your host, Robert Kimmel.
This is the other host, Kalin Kimmel.
We have no guests today because we're really on the fence about if we like guests or not.
Yeah.
I'm sure we'll have some soon enough.
Actually, next episode, we'll, very soon.
We might have guests.
We might not, but the one thing we will for sure not do.
Provide financial or investment advice, so Right.
(19:17):
So, right.
Uh, won't you like and subscribe and send this to your friends and leave us a comment and Yeah.
Not a nasty comment though.
You can say that.
Yeah.
Uh, yeah, exactly.
Yeah.
Listen, we're not, we're not partisan.
We don't care.
Yeah.
We make fun of whoever, right.
Everybody's idiots, including us.
(19:37):
A real undercurrent of this show, I was thinking about this, Kalin is like a real undercurrent is making fun of people that are.
In power, basically the, yeah.
The, the douche baggery of, uh, you know, right.
Of these terrible presentations they give.
Yeah.
The heads of companies, heads of state.
Yeah.
They're all dumb.
Just kidding.
They're not dumb, but they're, they're worse.
(19:59):
They're like full of shit, you know what I mean? Mean like Right.
You know, they're very smart.
They play the game well.
Yeah.
Except for, I don't know if Donald Trump plays the game well, but he got elected president.
He's twice Yeah.
At last count, maybe three times, depending on who he asked.
That's true too.
Right? And he's going for four.
Yeah, for sure.
Man.
We do even, we would like to stuff our shirts.
(20:20):
I think we should try to stuff our shirts with money.
Let's go to the, the, uh, for fuck sake.
Robert's having one of those days.
Uh, let's share our login screen.
No.
Show everyone our password.
Yeah.
Oh no.
(20:41):
Cut that.
Just Joir.
Cut that out.
What's taking so long? Come on.
It's like thinking, isn't it? It looks like it's spinning at the top.
We absolutely have to cut that out.
Yeah.
I cannot have Good, I can't even see if it's, oh, I'm like, it doesn't say.
(21:07):
Or is it more like, eh, is that a capital debate man? Haven't we talked about this before Yahoo? We've had a comment like, I know you're getting a lot of bad press.
Get your shit together.
You're getting a lot of bad press from the Robert and Kaylyn.
Get Rich and all our listeners, and don't, you know, they're like CEO or something.
They're gonna leave the you who, uh, like leave nasty comments and anyway.
(21:28):
Uh, I didn't do like a great job.
Like I was ready to talk about Realty Income Corporation like a couple weeks ago.
Yeah.
So this may be a little bit rocky.
Yeah.
But, um, uh, letter O, ticker symbol is our stock of the week.
Ah, and Oh, of course, yeah.
Stands for Realty Income Corporation.
(21:50):
Naturally.
Uh, so what they do is.
They own realty.
Oh.
And they get income from it.
Oh.
And uh, they have 15,600 properties worth a total of $58 billion.
Dang.
Um, I, let's go to an investor presentation 'cause they can do it better than I can do it.
(22:16):
Maybe maybe Q4 20.
Let's do the overview.
Oh, you want the, you want the re No, that's.
Uh, so you can see it's like a bunch of brands, you know.
Um, so they are primarily in, uh, commercial real estate.
It looks like they're almost exclusively in commercial real estate.
Uh, that's a, it's an interesting, like I.
(22:36):
I wondered for like, for a while after Covid, you know? Yeah.
It, like everybody went home and like, there's a lot of like commercial offices that like, have just kind of stayed vacant and, uh, like in lots of city Oh, sorry.
I cut you off.
No, no, you're fine.
But we're finally, we're finally, finally in.
Yeah.
(22:57):
All right.
Something about real estate.
Yeah.
Yeah.
So like, it seems like a, a shitty situation for the people that own, like say if I own a high rise in downtown, right? Yeah.
And like when I was working at Discover.
We worked in downtown.
My office in downtown Houston was a, we were on the 25th, 26th, 27th floor of this one building.
(23:19):
Right? Yeah.
Everybody during Covid stops working at the office.
Yep.
And then many companies have not had people come back fully, right? Correct.
Lots of people are pushing back against that.
Yep.
Which I'm like.
Everybody's finally got what I've been talking about for years, like the tailing line of, yeah.
I was like, I've been working from home for 10 years.
(23:39):
What took everyone so long? Yeah, everybody's, I don't think that working from home could work at all.
And I'm like, well, I've been doing it for five years now, and they're like, no, doesn't work.
I like, okay, fine.
Then Covid comes and everyone's like, oh, it's totally doable.
It depends on your definition of work, like whether it works or not.
So I mean, yeah, right now I, I've been.
Working from home for two years, seeing how much dreaming I can get in.
(23:59):
Like, no, but I, even when you have jobs that are these remote jobs, like you cannot tell me that now.
Listen, we've all been in offices where there's a whole bunch of people that like to just wander dust to desk and try the candy and, and chit chat.
Don't get anything done.
Yeah.
So like shirking is.
A phenomenon, no matter where you go, what conditions you put humans in, there's going to be shirking, but you cannot tell me the people from home, on average, some of 'em are working their asses off.
(24:25):
Right.
But on average that these, all these people working from home are, do working as hard as you would in the office.
Yeah.
They're, if I, if I, when I've had harder, like they've been on project and been needing to do a lot of stuff, I'm working way more hours than I would ever work in an office.
Mm-hmm.
Yeah.
And like.
And I'm not because there's not even a reason to get in the car and drive somewhere.
Right.
And take up an hour and a like, I'm not paying attention to like what time it is.
(24:48):
I'm just doing whatev whatever I need to be doing.
Um, like you guys seem to work plenty hard when you, before you guys set up like sweet kiddo's offices.
Like, you think you worked much harder in the office? I seriously doubt that.
I think that has less to do.
Like there's a whole lot of social stuff goes down at the office that completely skip at home.
Yeah.
I mean granted there, there's certainly, if you're fucking around, there's no better fucking around that you can do than at home for sure.
(25:14):
Like, you know, rate, rate opportunities for fucking around here.
Yeah.
Yeah.
Then like.
At home work trip, work trip's a little lower because you might have to actually show up to something like, right.
Like, yeah.
But yeah.
But being at home where you're like, eh, I'll set my alarm for two minutes before my, my next meeting or whatever, like at 3:00 PM Um, but.
(25:38):
Yeah.
All right.
Realty Corporation in nine minutes or not? What do you wanna do? I dunno.
We were back to, let's go back to that, uh, investor presentation.
Uh, page duh.
No.
How about this? How about this one? So they've whooped the, uh, 500 Wow.
For, since 1996.
Yeah.
They've trounced it, which is good.
(25:59):
Uh.
Uh, they're good returns.
Uh, what's downside? Utility volatility? Well, downside.
Volatility.
Volatility.
Oh, man, your screen is so small.
I, well, it's small.
I'm like, maybe I need glasses.
Wait, I'm wearing glasses.
Uh, they have a.
They have a definition for it or something.
It says Total operational return.
(26:19):
Nope, wrong line.
Downside volatility calculated on standard deviation from annual total operational returns where values in excessive zero are Okay.
Of course their volatility's low because people just pay the rent.
Right, right.
Every month.
Right.
Yeah.
So volatility, it's not just low, it's zeros.
Yeah.
And it's not zero because people go out of business and all this.
Right, right.
Yeah.
(26:40):
Um, so they really like single tenant net lease.
They, they like the freestanding buildings.
Sure.
Um, you know, if you're a, you're a real estate investor and you've got a CVS who's Yeah.
Yeah.
Renting your building, they freaking love it.
Yeah.
Uh, they have, oh, this is their opportunities for growth.
They can grow in industrial, they can grow in international gaming and data centers.
(27:04):
Oh, we need to talk about gaming at some point, or, or betting like, like gambling, I should say.
These guys should definitely get into gambling.
Uh, what are we even talking about here? Total operational return.
Oh, so they're big into dividends.
So they've paid hefty dividends and growing.
Um, I mean, look at this chart.
If this doesn't, this is their downside volatility.
(27:26):
0%, uh, you know, anyway, um, they're very selective.
8% they like me, like Walmart.
I don't know if 8% is super selective, but hey.
They invested at the Encore in, in, uh, Vegas, Boston.
That one was Oh, I think, yeah.
Boston Harbor.
Yeah.
Uh, I just saw Wind Resorts and I was thinking I was, anyway.
(27:47):
Yeah.
You know, they have all these deals with these guys, so, oh, look at that covid part.
Yeah, they took a hit during Covid, but I mean, yeah.
For, so for a company that's as mobbed up with retail as No.
Yeah.
And this is the, exactly what I was asking.
And this is rent growth.
They, the rent, rent, growth, same store only went down 2% in the worst year you could think of for retail.
(28:08):
Yeah.
No kidding.
And then next, next year, pop right back up, you know? Yeah.
They give a dividend of, they've been growing their, their dividend rate at 4% a year on average.
I don't like that.
That font where they say dividend, it looks like D-L-V-L-D.
Oh.
Mm-hmm.
Maybe we shouldn't invested it from there.
Yeah.
I think we should write them a letter at least.
(28:29):
Right.
Um, and then they'll be like, well, how much did you invest? And we will be like, well, we invested a thousand dollars in theoretical money.
Yeah.
Yeah.
Funny.
That's not nothing.
Yeah.
Here's all their properties.
They're like everywhere in the United States.
Yeah.
Uh, unconstrained by industry and property type.
(28:49):
I don't know about unconstrained, but yeah.
See this is it.
I mean, they're heavy retail, right? And then the industrial, like the one they showed was Coca-Cola, so that's very Yeah.
Retail.
Yeah.
They said that they did multifamily On one of those slides I said I saw, oh, was there some I saw, yeah.
It was like one of the smallest things, but I haven't seen anything.
So I think you gotta look at this a little bit, although these are small percentages, but their biggest stores are Dollar General is number two, dollar Tree, Walgreens.
(29:13):
So there's definitely a low income.
Or you know, yeah.
Uh, they just got a lot of stored, well, I don't dunno.
So 73% of their is non-discretionary, which they mean like, grocery stores are non-discretionary, low price point.
Mm-hmm.
And or service oriented retail.
Mm-hmm.
Um.
So you gotta be a believer in that stuff.
(29:35):
You know? You gotta be like, okay, I don't know what you gotta be.
People are gonna stay poor and still need to go to stores and the stores aren't gonna go out of bus like Donald Trump's not gonna drive him out of business, you know? Yeah.
But I thought that other Dollar, dollar General, or Dollar Tree or one of the dollar stores did just go out of business.
Yeah.
I think one of them is, is hurting.
Oh, wait.
(29:55):
They also have social values.
Oh, good.
Yeah, I know they do.
Where do you think this is? Who we are? Who we are? Purpose? Yep.
It has to go there.
Oh boy.
All right.
We're gonna play guess the values.
Calin.
Okay.
Okay.
Uh, what do you, what do you think value number one is? Um, integrity.
(30:16):
That's always, um, yeah, it's a.
Doing the right thing.
Like here's their mission.
Uh, if this doesn't get you out in the bed in the morning, I don't know what it will to invest in people in places that deliver dependently monthly dividends and increase over time.
All right.
You're like, hell yeah.
I'm going to work and I'm driving.
(30:37):
What I've been looking for in a company that I want is driving dependable dividends.
They're not effing around though.
They like dividends.
Yeah.
Do the right thing.
I.
(31:00):
I'm telling you I'm meant to be a fucking CEO or something.
I should have made you guess another one.
'cause I know you would've said diver diversity.
Yeah.
Something about diversity.
Yeah.
Like man, empowering each other too.
The other two are, are, you know, the other three are like a little better.
But yeah, giving more than we take, I mean, yeah.
Entrepreneurial spirit, that's always.
That's right.
Yeah.
Yeah.
That's a, that's a top and like there, that's a top 20 value right there.
(31:23):
Right.
There's gonna be something about community always, like giving back whatever.
Yeah.
And then we got this whole sustainability thing, man, diversity.
That's awesome.
So, wow.
Well done.
Well, I guess there's a, uh, values alignment.
Uh, let's see, let's see how the, let's see how the chart did.
Don't press that one.
Let's see how the chart did.
Uh, uh, they're up today.
(31:45):
They're up over the past five days, as is everybody.
The whole s and p.
Wow.
They're on, they're up even over the last month.
Wow.
Well, they're, they're like not, they shouldn't be affected too much by, I mean, I guess companies may like end their leases, but like I would think they would do well.
Yeah.
Comparatively, what happened? Well, they didn't hit their earnings target back here in November, which is amazing because I thought.
(32:07):
They're just collecting rent checks.
I thought they would all, like, it'd be very easy to predict their earnings and you'd almost always get 'em very big dip.
Yeah.
That's tariffs.
Oh really? Yeah.
Oh yeah.
Oh, this is year to date, which was a shorter timeframe then.
Wow.
This, uh, the stock price is a little more volatile than I would've thought.
(32:27):
Yeah.
But they, so basically you're gonna buy it somewhere from 50 to 60, 55 to 65, and it's gonna like stay there.
Maybe as high as seven 50 to 70 is the wide right? The wide one.
Um, yeah, but I'm not super sold on 'em based on the chart, but, but you also get a dividend, so you buy 'em and you get, you get six, almost 6% back just in dividend.
(32:50):
Yeah.
At today's price, you know? Okay.
You, so even if the stock.
Does poor, like the stock loses 6% a year, you break even.
Huh? You know what I mean? Oh.
If it go, if the stock price goes up, you're making the dividend and now you pay taxes on dividends.
Yeah.
You know, but Right.
Nevertheless, that's a really nice dividend yelled.
Okay.
(33:11):
How many that this PTE ratio's? Uh, crazy.
I can never, I can never remember what the ratio should be.
Price to earnings? Yeah.
Like what, what, what the goal is the average of the s and p.
Well, a few weeks ago, the average of the s and p was 20 something low twenties, and now it's high teens thanks to, and this is 58.
This is 58, which seems like a math error or something.
(33:35):
Maybe theirs is weird because of the nature of their, yeah.
Of their business or something.
'cause I, I mean, what's their uh, their market cap? $50 billion.
$50 billion financials.
Yeah.
You gotta go.
That's okay.
(34:03):
Operating income.
2 billion.
So it's only, that's 25 times operating income.
Normalized income net.
Net income is less than a billion.
I don't know, but it's like, so I guess they, it's bit up because it's like so steady Idy.
Yeah.
I mean EBITDA's four, 4 billion, so it's only like 12 times ebitda.
(34:23):
Yeah.
So that's a good one.
It's steady, Eddie, so that sounds like kind of a boring thing to invest in, but also a good thing to have in like, you know, a boring thing for us to have in our portfolio.
Yeah.
But like, uh, also not a bad thing.
Yeah.
It has appeal on a personal level, you know, like, yeah.
The only thing I can, the only thing that makes me nervous is like.
If the economy tanks right.
(34:44):
I mean, I gotta imagine retail would get hit.
Yeah.
Fairly hard.
But I don't know.
So, yeah.
All right, let's, so we'll do it.
We're gonna invest in these guys.
Oh, I was gonna say we shouldn't.
All right.
But we're not gonna do it.
Forget it.
We're out.
I mean, I dunno.
Yeah, we, yeah.
Ask your doctor.
See what your doctor says.
Yeah.
See what there.
So, yeah, I.
I think keep thinking maybe we should have a portfolio.
(35:06):
I mean, not that we need to have another portfolio, but it'd be kind of fun to see what if we didn't invest in something, you know, if we choose out Oh, the past out.
Yeah.
Like see if we made mistakes.
That's such a good idea.
Let's do that.
Okay.
And we'll put this will be the inaugural, uh, stock in the past portfolio.
Okay.
All right.
Cool.
Cool.
All right, so we're going to um, we are going to review the portfolio.
(35:30):
Gummy bear.
Uh, that's him.
And then, uh, say some funny, funny things.
Yeah.
And then, and then be done.
All right.
So what I thought we would do to a accelerate a portfolio review would be to just look at our overall picture against all the portfolios, not necessarily get the details.
Yeah.
Yeah.
Probably a screen we should have used many times before.
(35:52):
Sure.
But here's everybody.
We're gonna have to rename 'em so that they're in a different order though.
Yeah.
Okay.
I'll rename it.
Number one.
Well, you start at the bottom.
You work your way up, I guess.
'cause it's the oldest.
Oh, okay.
Yeah.
So look, look who's green today.
Hey, who's the only green you see on the page is the get rich portfolio.
We're also, by the way.
The best performing portfolio of all of these.
(36:14):
Of everybody, yeah.
Lifetime.
Plus, if you add in back in our, our realized gains, like the stuff we sold, man, we're actually have made money and nobody else is like close to making money.
Wow.
So we're at, we're at Lifetime now at minus 1.8.
The s and P's at minus 4.45.
The guests are at minus 10.
(36:34):
The guests are doing great compared to Justin because for Justin.
Is getting crushed at 16.401
God, but Right.
But that's part of his, his theory theory though is that he would be okay until he's playing four D chess Kalen.
Yeah.
Yeah.
This is all part of his plan.
It's just like, right.
This is like, we lose money before we gain a lot more money.
(36:56):
This is the genius of, uh, of Justin.
Uh, yeah, exactly.
And his baseline, he's.
He's nearly 10 points below his baseline, which is terrible.
And his baseline, by the way, just took ticked positive.
But yeah, he's not doing the worst today of, uh, yeah.
Guests are, yeah, guests are having a kind of a rough day.
I happened to cheat and I saw that the, uh, stocks that were really helping us out were chewy Eagle Pharmaceuticals.
(37:22):
Yeah.
Today, I mean, I only liked it today.
And Fannie Mae.
Fannie Mae.
It's back at, I'm telling you that buying a five six, selling the sevens, it hasn't hit seven yet.
But you bought, if you bought in the fives and it went in the real low fives.
Yeah.
Even to the point where I was like nervous 'cause of its tariffs and everything.
Yeah.
But I bought in the fives and now it's at six and a half or something.
(37:43):
It's like, yeah.
I'm so happy.
Couple more points.
We can sell that.
Sell that bit.
So awesome.
Anyway, that means we gotta do the, uh, the gummy bear.
The gummy bear for the second to last time.
I know we, well, theoretically this looks like a lot to eat For two times I was thinking the same thing myself.
The past several times I've been like, Hey, no big deal.
No big deal.
(38:03):
Yeah, we're making progress, you know.
Well, we got the two of us going at it today though, so yeah, we gotta tear this.
We got a tar, whatever tear.
All right.
That is 366 milligrams.
Perfect.
No, no.
There we go.
13 ounces on the, on the nose.
Well, well under a pound.
(38:23):
So, yeah.
Uh, shall I, uh, I'll, I'll, uh, start and, uh, you, yeah.
So how much of outta 13 ounces, how much should we take on today versus, I mean, I think, well, theoretically six and a half ounces.
You want take on half today? Say it looks like a lot.
Okay.
Six and a half ounces divided by two.
That's only three ounces each.
You eat three ounces.
(38:43):
Gotta eat it today.
Got a big old bite.
Two big old bites.
And then, uh.
That might've been my biggest bite of the bear.
Yeah, I think the whole time.
Yeah.
I think it, I think it might be that.
Let's see how you did one ounce.
Oh, not that good.
Not that good.
You gotta do better than that.
You right.
Let's see.
(39:04):
Oh, you're gonna go? Okay, so we're gonna go bite for bite.
Yeah.
Bite for bite.
Why not? I'm not quite done, so I can't like talk in the, um, in the middle, but you gotta really get down in there.
Yeah.
Oh, oh.
You're just in tearing, tearing technique and everything.
11.
You didn't even hit the, oh man.
I thought I never shred.
(39:25):
You smoked? Not yet.
Right? You thought you ate.
I only, I ate way more than you.
Mm-hmm.
I ate a whole ounce, not 0.9
ounces.
What, maybe this, maybe I can take down most of this.
Mm-hmm.
There you go.
Yeah, that's good.
That's good.
Bam.
(39:45):
9.8.
Yeah, that is good.
Oh, wait.
Oh, I thought I said five.
I was like, damn, you're in the half and a half.
Mmm.
It's like tiring.
I was like, I need some munchies in my, okay.
Yeah.
Careful what you wish for.
Yeah.
Like, where would it go? It doesn't seem like it would fill your stomach.
Really? 'cause it's like sugar and I guess there's gelatin in there that bodies it up, but Mm.
(40:09):
Yeah.
One ounce.
8.9.
Look at this is getting to be a little arduous.
Like Yeah, like miserable.
Now you know what it would've been like to take down that hole? Oh, Barrett wants to Every day.
(40:31):
Day.
I found every day.
Oh my God.
Mm-hmm.
Um, what do I have to do? I gotta do one more.
No, no, no.
I, maybe we leave it.
We see Justin and Kelly wanna have a bite? Who wouldn't wanna eat a bite of this? Yeah.
This gummy bear.
Everybody knows that's a gummy bear, right? Kinda looks like, obviously kinda looks like a, it's like a mountain, right? It is.
(40:56):
Look like a mountain with like, really craggy.
It's kind of like a gems though.
Like a rough, rough diamond or something.
Yeah.
All right.
I can do, I can do a little more.
I got, I got a little more, I'll do a little more.
I got a little more.
Not a whole ounce, no.
Yeah, that's like exactly the bite that I was thinking I would taste.
Oh, well, I'll take 7.9.
I'll take this top bit.
That's less than half a pound now.
(41:17):
Oh, and now we're, well, so sticky.
That was one of the last clean pieces of original skin.
I know.
On the whole gummy bear.
That and this surface on the bottom.
Yeah.
I'm not sick.
We got it.
So down to 7.4
ounces.
We got, we got, um, a lot of work.
We did five and a half ounces.
(41:38):
Right.
Mm, total.
Yeah.
Mm-hmm.
It's, uh, that's go work.
Yeah.
I'm be like, woo, here in a second.
Nearly half a pound of gummy bear eating.
It is so sticky though now, so it's probably a little early for this, but, um, we should, is there anything we should plan for the, uh, 50th episode a little early, early to start planning? I mean, if not the night before.
(42:02):
But Justin is gonna show up and you're gonna be like, okay, we're gonna say, Hey, hey you guys.
I know, you know, soon, like, as soon as we mention it like 10 episodes ago, he is like, all right, I've already been thinking about the camera set up.
Well, it's like everything in life, he is like a, he is like a golden retriever or something.
He is just like, should we go for lunch? Should we go, should we wonder why we didn't work out? Like takes all types, man.
(42:29):
I'm like, man, I need to go take a nap.
Um, but yeah, I mean, I, I don't know.
I brought the balloons.
These will be fun, Peter.
Maybe I, I think my wifi is troublesome.
Yeah.
'cause I have wifi around different parts of the house and it's not like we're, we're not exactly on top of the router here, so.
Right.
Anyway.
Yeah.
But we just need to swap out what you guys use as your office for this space.
(42:52):
Yeah, that's come up here.
Yeah, come up here.
I sure Andrea would love that.
Yeah.
Have this be the sitting room.
Uh, it would be quiet.
Cody might complain less, although it's hard to imagine.
He call up the stairs.
Hey, you guys, did you make dinner anyway? Yeah.
(43:16):
Well, nothing to do, but continue pressing on.
Keep recording these episodes.
Keep putting 'em out there.
Keep making shorts.
Yeah.
In one of these days.
Kailyn.
One of these days we're gonna blow up.
Ariel will listen.
Yeah.
Mom and dad will listen to one episode.
My daughter.
Yeah.
Cody.
Never.
Never.
All right.
But at least, yeah, Andrea listens now, which, that's an improvement.
That is weird.
(43:36):
It is weird.
Every so often I'm like, I hope we didn't say anything she shouldn't listen to.
No, no.
We we're good.
All right, we're good.
Let's, with that, let's cue the music.
You are listening.
You have listened.
Two, Robert and Kaylen Get Rich.
Episode 49.
We got one more to go to the magic number 50.
(43:56):
Wait till you see next week.
You could just skip this episode from this point forward and just go to next week.
Yeah.
You'll only have cut about 30 seconds out, I think.
Yeah.
But yeah.
Anyhow.
Why blank and subscribe.
Absolutely.
Leave us a comment.
Send us an email, Robert and Kalen getRich@gmail.com.
Send us a list of people we should have on as guests and podcasts.
We should go be guests to, and listen to, and listen to, and not listen to and tell us any other thing you're thinking about.
(44:22):
Yeah.
But if you want to send us a rant about Donald Trump, like save it.
We, uh, I'm open to it.
Okay.
Go nuts.
Listener.
If you're, if you're not being mean to.
About us, then I'm, I'm into it.
Alright.
Very good.
We'll read it on air.
Send us an email.
There's one thing you should not do, however, which is send us any financial or investment advice.
We don't provide it and we are not gonna read yours either.
(44:43):
That's true.
You, your, your, your judgment is certainly suspect if you're listening to this as, but, so it's sending us financial advice without you, I think we say.
Bye-bye bye.
Yeah, I gotta tell you, like, uh, you know, our, one of our two fans, Justin, he was not, he did not like coach Josh at all.
Oh really? Yeah.
He was like this guy coach Josh.
Yeah.
He is like, he's like, your impression of Coach Josh was better.
Well, we knew that was gonna be the case.
Of course.
I mean, because I'm like, mustache.
(00:22):
That was what I, I don't, I really don't know what his issue was in what Justin's issue was.
Yeah.
Yeah.
Really.
And so after that I was like, oh, maybe we shouldn't do, uh, maybe we shouldn't do guests, or, I don't know.
I came outta that episode or recording.
I was like, oh, that was, that worked out pretty good.
That was good.
Yeah.
We should do more guests.
And then, and then, uh, Justin was like, that sucked.
(00:44):
Yeah.
He's like, you worst episode yet? Yeah.
Guests are awful, you know? And yeah.
You know, I like our last episode.
Yeah.
27 24 views for the hour long thing.
For the hour long one.
Yeah.
I mean the one before that with, uh, Janice 165.
So it got up into, for us, semi-healthy range.
(01:05):
I mean, our best one, and this keeps adding views.
I don't know what the hell is going on.
But elections and cheese, why everything is, is our number one by a long shot and this and a hundred percent likes.
Yeah.
And uh, 26 likes.
Yeah.
And right here's the views over time.
Right.
This is like.
Yeah, like weird.
(01:26):
Like it's funny that it has these little spikes, like Yeah.
I don't know if something, it comes up in the search or something.
Yeah.
You know, people, people watched like a lot of it Wow.
For us, like Right, right.
For this to be any number above one minute.
Yeah.
No kidding.
Yeah.
So I don't know what is.
The deal with this.
(01:47):
I mean, the shorts, we've got like the shorts, you know, they'll, they're breaking a thousand.
A lot of 'em.
Yeah.
Wow.
I made a comment on the last video, but it doesn't look like it's me.
The one about Definitely edit this out.
The one that's the one that's Jo.
Yeah.
What was that guys? I was like, oh, cut.
Josh was great.
We should have said late or whatever, so.
Oh, I to be, see, I, I totally thought that was either Josh or one of his people.
(02:12):
Oh, who did that? Because that fits perfectly.
Yeah.
Yeah.
It was me.
What do you mean cut this out? This is exactly what we're gonna leave in.
We've like told people we buy likes and or buy comments or whatever.
Yeah, yeah.
No.
What did we buy? We bought views is what we bought.
Yeah.
Yeah.
Right.
And then that was worthless.
(02:33):
Yeah.
Maybe, maybe, maybe like has a long, maybe is the same, maybe like.
Something about it helped in the end.
I don't know.
Yeah.
Half of my life has been looking for my keys or my, my phone.
You need the clapper.
The whole, the biggest reason I like having a watch is 'cause I can do the, like find my phone thing, like, which raises the obvious question, like what happens when you lose your watch, but.
(02:56):
Well then I have my phone.
Hopefully I can find my, can you? I've only lost my watch once, so, and if you lose 'em both, then you're, yeah.
You're effed and it's not Yeah.
And when I say lost, it's very like, it's like somewhere in my apartment.
Well, no, I get it in the piles properly.
Lost the piles of crap.
Yeah, I get it.
Yeah.
Um, yeah, so there's, I saw a, a short video, I think it was actually a short on YouTube, but yeah, it was, uh, this dude who's an importer exporter in the US and he was talking about like.
(03:23):
Who actually pays the tariffs.
Right.
And uh, so he said that he pay, like, this is not something that I pay the tariffs.
I pay all the tariffs.
That's what he said.
No, but pretty much like, he's like, when, when goods come in, I pay the tariff to the government, whatever.
Like they can, like, basically it's like only we end up paying.
And then he upcharges the, like consumer.
(03:46):
Yeah.
So like a consumer pays him back, but he, he like, he's not getting additional money from any.
International person, you know, so, right.
Yeah.
The consumer, if you buy direct from the manufacturer, apparently that's like a loophole for Americans if it's under $800 or something like that.
No, that's the old rule they got, they waived the $800 rule.
Oh, okay.
Yeah.
Um, yeah.
(04:08):
Yeah.
I don't, I mean, there's also a Ferris Bueller's day off clip that's like really, like apparently, and I Oh, the Holly Smoot tariff bit from Ben Stein, maybe.
Probably.
Yeah.
Yeah, yeah.
I keep seeing that online.
They did not, and they sunk deeper into depression, into the what? Anyone that, that Great.
Depression.
(04:31):
No, I have just, I like, I keep looking for someone to explain like what the, like what is the rationale? Like explain this at all.
To me it feels like a political move.
Like, not like actually benefit for economics.
It's just like a, well, we're gonna do this because we want you, you know, we don't like how you're behaving Russia with Ukraine, so we're gonna put tariffs on your stuff.
(04:54):
And like knowing that, that that's not gonna really have as huge of a splash, but it's just to get them to Are you, are you ready for the full on rant? Because I, I have come around.
All right.
I've been wondering for well over now nine years.
Is Donald Trump crazy? A genius? Insane.
(05:17):
An idiot.
I know there was, there was, you know, some synonyms in there.
Yeah.
But at the end of the day, I've decided he's an idiot.
He is an idiot.
Uh, we'll get back to that part later.
But you hear what Bill Mark said about him? I'm sure he, well, he said he had a lovely dinner with him.
Yeah, that's exactly right.
Like I, yeah, he's like, I've, everything that I've said that was bad.
(05:41):
Didn't exist at this dinner, like totally reasonable.
Came back with like in Yeah, you, you know, you can, and I was like.
Yes.
But you've met, you've met very nice stupid people, haven't you? Well, sure, but I mean, bill Mar like also, I mean, if I was gonna pick somebody to be like, here's gonna be a great dinner, they're gonna have such a lovely time.
(06:03):
Like, yeah.
Well, I think because I think the most likely outcome is.
You know, he pulls, he comes up with the reason whate, he makes up an excuse.
Yeah.
And then we're gonna go, right, we're gonna, China called me, we got this amazing deal.
Like now the tariffs are back off and they're gonna, and they're gonna send us Yeah.
Free tickets to the Shalin Circus or whatever.
And they're like, right.
And so you're like, I'm doing that for sure, for sure.
(06:24):
And then, and then people line up and they'll be like, this is what Donald Trump wanted all along.
Right.
You know? Right.
Yeah.
I don't think he's like the visionary that like his, the people who are like, I love him, but like, I think that that's how it's gonna play out, and he is gonna keep as many people liking him as he's got.
Now.
The 40 chest thing, I think is just total nonsense, but Oh, yeah.
(06:44):
No, I, I don't like, yeah, I don't think he has some.
Specific special, like, you know, vision slash insight into like what will happen and how.
But yeah, I think that there's, that's like legit though.
I mean, and, and it has had some impacts on like other countries, you know, like maybe not China.
Like China seems to be like ready to like.
They're not backing down about tariffs at all, or I don't know.
(07:06):
No, you know, I don't pay attention to, well, this is where, this is the most informed I've ever been on this podcast.
Like, but uh, but this is where I got to the idiot part where I was like, where? You put, okay, let's just war game this out.
Here's a pretend scenario.
Calin.
We're gonna tax the shit out of one of our biggest trading partners.
Yeah.
What do you think they might do if we did that? They're gonna back down, sit there and take it, right? Yeah.
(07:31):
Of course.
They will sit there and take it.
This is what Donald Trump and his people determined was the outcome.
That not, not only like that outcome is so assured we don't even need to consider alternatives.
You know what I.
So what does China do? China's like, yeah, you got a better hand.
You got the Ace King.
But I got a pretty good hand too, right? I got, I got pocket eights.
(07:51):
You know I'm gonna play this hand or pockets in.
Yeah, yeah.
You know, and so they're like, well, we hold a lot of your bonds.
How about we sell a few? Just to like scare some sense into you, right? Oh, here's another thing that we hold that you have none of rare earth.
Minerals.
Yeah.
Yeah, yeah.
And by the way, you really, really want these, for your electric vehicles, those missiles.
(08:12):
You're busy, you know, defending the country, you know the Yeah.
The western world with, uh, motors and all this stuff.
Right.
Like, anyway, you're like, oh, it didn't occur to anybody that, that, that the Chinese might Yeah, they might, yeah.
They might play hardball because it was more or less, the first thing that occurred to me is like when you, especially the reciprocal terrace part, where you're like, okay, if we put terrace on them, what might they do? What might they do? Hmm.
(08:36):
Hmm.
Put, put tars on us.
No, no.
Like, no, that's never gonna happen.
Yeah.
I mean, I don't know.
That is super subsidized by the government.
Well, that's a, oh, well that's another way that, yeah, but that's the D, so, all right.
Yes.
This is the Democrat way to make things cheap is to give people more money.
(08:58):
Yeah.
To buy it or, well, yeah, pay people more to make it, which is so, yeah.
Outside of court though, you know what I mean? Yeah.
Like.
The reason things are as cheap as they are is because Walmart has pushed down the price.
And Manu, no, Walmart has driven all those little guys out of business that they're trying to, that are, I'm trying to make money to ca cap like, this is what frustrated.
(09:19):
And this frustrated me as a business owner too.
This is like the most serious conversation we ever had on this podcast.
No, I'm kidding.
I was like, man, today's hilarious.
How come, how come we didn't like write a plan? We, I had no topics except for, uh, the letter o ticker signal.
And of course you gotta talk about.
I'm pointing at this thing, but that has nothing to do with any, anyway.
Yeah.
Uh, go on.
(09:40):
So once, go on back to our serious talk once again.
Unfettered capitalism.
Yeah.
Yeah.
Uh, uh, no, listen, capitalism is a machine right that you aim at.
That you aim at.
What it, what it does is it maximizes profits, right? You aim this thing at something and say, go maximize the profits and it will do whatever it has to do to maximize these profits.
(10:04):
Right? The government providing single payer health care.
Than businesses.
Right.
They businesses should love the idea of taking that off of their p and l.
Absolutely.
Right? Yeah.
But for some reason it's always the, you know, business conservatives are the ones that are very opposed to this.
I don't know if it's 'cause they figured taxes are gonna run outta control, but the government's never had any issue.
(10:26):
It never seemed to have any trouble spending money They don't have.
So why would they create taxes or, well, I mean like with Medicare and Medicaid, like the government like tells the hospitals how much things are gonna cost and that's like, they're like, you can charge us whatever you want.
We're paying this rate 'cause this is the rate that this surgery should cost.
You know? And like.
(10:48):
And hospitals just have to like bend over and take it, like, pretty much.
I mean, like the, yeah.
When I was working at MD Anderson, we were, they always got like, so they were so into international customers.
Yeah, because like they pay cash full price, you know, like they're paying the ticket, the, the top price.
I mean, even if you have any of the other coverage in the us like United will go in and say like, okay, well we have a negotiated rate, blah, blah, blah, blah, blah.
(11:14):
I'm sure if whatever system the government came up with.
That to replace our current system would also suck and also be terrify.
It'd be like the va, you know, like the VA system.
Like, it's not, not the best.
Like, you know, you don't hear people being like, man, I love gonna the VA hospital.
Like I always get seen right away by really great doc, blah, blah, blah.
Oh, I hear, once you're in the VA system, it's wonderful.
That's what I've heard.
Oh, really? But it's the getting in part that like, like getting approved and blah, blah, blah, blah, blah.
(11:40):
But I don't know.
Yeah, it's probably all terrible.
I mean like, yeah, it's gonna be, I mean, there will be aspects of it.
I'm sure that'll like.
Going to the DMV, like, you know, or dealing with the postal service, like any of the government systems.
Like, it's gonna be like, oh, like it'll take you eight years to see a pcp.
But I mean, if you have major shit that happens, then like, they will take you maybe two years.
(12:01):
No, every time.
Every time somebody's like, we gotta, they want to, you know, you want to have the government take over stuff.
I'm like.
Uh, so you want the whole, this whole industry to be run like the DMV or whatever, right? Right.
Yeah.
And I mean, I think the, like, the, like there's reasons that like our healthcare system is really good.
I mean, that, that maybe have, maybe the government would ruin for us.
(12:25):
I dunno.
Like, I mean like MD Anderson didn't get tons of big like customers from other countries because they're such a great cancer hospital.
Well, and I also look at like, you know, then I look at.
Alright, well, do I want the airlines which are private to like run? Yeah.
Right.
Am I really thrilled about the way they do business? Yeah.
And like, like cable companies and your credit card companies.
(12:48):
Right.
And, and uh, and then I'm like, should we let those people run the prisons? You know, like, yeah.
I mean, I dunno.
Prisons are a weird thing 'cause like there's so many that are privatized, but like, yeah.
But then like that kind of promotes recidivism, which is not, not really what we want.
You know? Like whether or not you think it's like gonna be re rehabilitating people.
(13:10):
Like we definitely don't want return customers, but like, but we kind of do, if it's a private fist, if we're getting paid for return customers.
Yeah.
If we're getting more based on how many people are in jail then like.
That's a little bit weird.
Kaylyn is pro REI recidivism, so no, not pro recidivism.
Like recidivism's bad.
(13:31):
We don't want people to come back when the, when you, when you let the student loan.
Facilitators, you know, manage who, who can get off the programs early.
Yeah.
For various reasons.
It turns out they don't do a very good job of that.
Yeah.
You know, and walking people through the appropriate paperwork they have to file at, at what time period, you know? Yeah.
(13:52):
Um, I kind of have mixed feelings about like the, like loan forgiveness stuff now that I've paid mine off.
Right.
I'm like, I mean, cool.
I guess like, I don't like that, like the loans are loan situation is what it is, but also like.
I worked really fucking hard to pay that a hundred grand off.
Like that was really a lot of work, you know? Yeah.
So like, well, and imagine you're like, all right, you're a, you're a welder.
(14:17):
You didn't go to college, you know? Right.
You've got a house loan.
You got a truck loan on your truck.
Yeah.
Yeah.
Calls trucking, you know, welding equipment around you.
Yeah.
You had to buy all your equipment, all that You bought that, that was on a loan.
Right.
You know, you'd love for that to be paid off.
So what's so great about.
You know, having a sociology degree like I studied, why is that so much more in the public interest.
(14:38):
We should be paying for that, right? Than Yeah, we were, we're not, than the welder truck.
Right? Maybe it should be the stem like.
Um, grad ticket gets, we don't need to lose any, uh, of our subscribers here.
So if any of the, any of you, 400, whatever, whatever you guys majored in, that should definitely be prioritized life.
You're very smart.
It's, uh, yes.
But, uh, but yeah, I mean, we, but we could use more doctors or say, or something, you know, whatever it is.
(15:04):
Sure.
So maybe having pre-med people, I don't know their mascot's, the dumbest, are you sharing your screen? No, it's like the dumbest looking.
Mascot.
I mean, sorry.
I'm sure there are many, like, come on, you're alienated everybody.
Anthropology majors.
Uh, yeah.
Fricking Sam.
Houston State.
Yeah.
ISI like, I like know one person who went to Sam Houston State and I think that they studied anthropology.
(15:28):
Um, so that person's not, not my friend anymore.
Done watching this show.
That's it for damn sure.
But, uh, yeah.
No.
And then in Texas, every university has to have a hand symbol.
Yeah.
Except all the good ones are taken.
Right.
This is U of H.
Yeah.
Which by the way, is, uh, known as the shocker, right? Yes.
(15:50):
Two in the pink, one in the stink.
Nice.
Like it's beautifully.
Yeah.
We're like, no, cos.
Whatever.
Yeah, no.
Yeah.
This is like about like whatever, one of the pop Look it up people.
It's, it's a, even as, uh, dirty as we get it, it's uh, yeah.
Overall that mean it's, yeah.
No, but yeah, so we got the Longhorns of Texas, which that they got the coolest one.
(16:15):
Let's be, or it's something like whatever it is, I don't know.
Yeah, because that's like the fucking rock and roll also.
Yeah.
And it also like, looks like a Longhorn and so they got the good one and then you got the Aggies, which is.
Kind of dumb if I'm being real honest.
Yeah, it's, but you know, and then you got the red Raiders, and then you got the Baylor Bears, and then evidently, because this was taken you at the Cougars, and I swear to God, one of 'em is just, yeah, yeah, definitely.
(16:42):
One of 'em is this, just this, which like, so like Boo.
So we're mi okay, so you're missing this and you're missing.
This and you're missing.
I love you.
Thank you.
This, and you're missing combinations.
Okay, so we can, so we can handle, we can handle like.
(17:05):
Five or 10 more, you'd probably still have Yeah.
Fingers.
Maybe like this one.
The fuckers for you listeners just made the, uh, hump sign with the finger.
Yeah.
For the fuckers.
When they, when they play the cougars, it's a nasty, nasty.
(17:26):
It's a dirty, dirty game.
Dirty that is dirty, that cannot be aired on regular cable.
There's this thing with cougars being cats too, and you know the, you know the dirty name for.
Yeah.
Yeah.
Female private parts, and then you have this, the right, we're all over it.
Like, except nobody like talks to each other.
(17:51):
I mean, it's all comm, it's a commuter school.
Right.
Moley is a shit about any of that stuff.
Yeah.
I mean like, yeah.
I guess there are fans in the stands and all that.
People, yeah.
So people cared.
I mean, with the basketball, like.
Just happening.
UU of H came in second.
Oh yeah.
Like at the Nailbiter? Yeah, I guess.
Yeah.
So here's what we need to do.
(18:11):
We're gonna roll the music here in a second.
Oh yeah.
But.
Uh, we need to come up with the, uh, Robert and Kaylyn get rich hand signal.
So a perfect fit.
Yeah.
But uh, I know we have this thing too.
Oh, okay.
That's it.
Maybe cue, cue the music You are listening to the Robert and Woo woo.
(18:35):
Get Rich.
Woo hoo.
This is episode.
Can you believe this number? This is like a made up number.
49 episode 49.
Crazy.
Today is Tuesday, April 15th.
Uh, is this tax day? I guess so.
Oh, Jesus.
Hopefully.
Hopefully all you listeners got your tax.
Is done three days ago when this comes out.
(18:55):
Yeah.
Uh, episode 49.
Uh, I am your host, Robert Kimmel.
This is the other host, Kalin Kimmel.
We have no guests today because we're really on the fence about if we like guests or not.
Yeah.
I'm sure we'll have some soon enough.
Actually, next episode, we'll, very soon.
We might have guests.
We might not, but the one thing we will for sure not do.
Provide financial or investment advice, so Right.
(19:17):
So, right.
Uh, won't you like and subscribe and send this to your friends and leave us a comment and Yeah.
Not a nasty comment though.
You can say that.
Yeah.
Uh, yeah, exactly.
Yeah.
Listen, we're not, we're not partisan.
We don't care.
Yeah.
We make fun of whoever, right.
Everybody's idiots, including us.
(19:37):
A real undercurrent of this show, I was thinking about this, Kalin is like a real undercurrent is making fun of people that are.
In power, basically the, yeah.
The, the douche baggery of, uh, you know, right.
Of these terrible presentations they give.
Yeah.
The heads of companies, heads of state.
Yeah.
They're all dumb.
Just kidding.
They're not dumb, but they're, they're worse.
(19:59):
They're like full of shit, you know what I mean? Mean like Right.
You know, they're very smart.
They play the game well.
Yeah.
Except for, I don't know if Donald Trump plays the game well, but he got elected president.
He's twice Yeah.
At last count, maybe three times, depending on who he asked.
That's true too.
Right? And he's going for four.
Yeah, for sure.
Man.
We do even, we would like to stuff our shirts.
(20:20):
I think we should try to stuff our shirts with money.
Let's go to the, the, uh, for fuck sake.
Robert's having one of those days.
Uh, let's share our login screen.
No.
Show everyone our password.
Yeah.
Oh no.
(20:41):
Cut that.
Just Joir.
Cut that out.
What's taking so long? Come on.
It's like thinking, isn't it? It looks like it's spinning at the top.
We absolutely have to cut that out.
Yeah.
I cannot have Good, I can't even see if it's, oh, I'm like, it doesn't say.
(21:07):
Or is it more like, eh, is that a capital debate man? Haven't we talked about this before Yahoo? We've had a comment like, I know you're getting a lot of bad press.
Get your shit together.
You're getting a lot of bad press from the Robert and Kaylyn.
Get Rich and all our listeners, and don't, you know, they're like CEO or something.
They're gonna leave the you who, uh, like leave nasty comments and anyway.
(21:28):
Uh, I didn't do like a great job.
Like I was ready to talk about Realty Income Corporation like a couple weeks ago.
Yeah.
So this may be a little bit rocky.
Yeah.
But, um, uh, letter O, ticker symbol is our stock of the week.
Ah, and Oh, of course, yeah.
Stands for Realty Income Corporation.
(21:50):
Naturally.
Uh, so what they do is.
They own realty.
Oh.
And they get income from it.
Oh.
And uh, they have 15,600 properties worth a total of $58 billion.
Dang.
Um, I, let's go to an investor presentation 'cause they can do it better than I can do it.
(22:16):
Maybe maybe Q4 20.
Let's do the overview.
Oh, you want the, you want the re No, that's.
Uh, so you can see it's like a bunch of brands, you know.
Um, so they are primarily in, uh, commercial real estate.
It looks like they're almost exclusively in commercial real estate.
Uh, that's a, it's an interesting, like I.
(22:36):
I wondered for like, for a while after Covid, you know? Yeah.
It, like everybody went home and like, there's a lot of like commercial offices that like, have just kind of stayed vacant and, uh, like in lots of city Oh, sorry.
I cut you off.
No, no, you're fine.
But we're finally, we're finally, finally in.
Yeah.
(22:57):
All right.
Something about real estate.
Yeah.
Yeah.
So like, it seems like a, a shitty situation for the people that own, like say if I own a high rise in downtown, right? Yeah.
And like when I was working at Discover.
We worked in downtown.
My office in downtown Houston was a, we were on the 25th, 26th, 27th floor of this one building.
(23:19):
Right? Yeah.
Everybody during Covid stops working at the office.
Yep.
And then many companies have not had people come back fully, right? Correct.
Lots of people are pushing back against that.
Yep.
Which I'm like.
Everybody's finally got what I've been talking about for years, like the tailing line of, yeah.
I was like, I've been working from home for 10 years.
(23:39):
What took everyone so long? Yeah, everybody's, I don't think that working from home could work at all.
And I'm like, well, I've been doing it for five years now, and they're like, no, doesn't work.
I like, okay, fine.
Then Covid comes and everyone's like, oh, it's totally doable.
It depends on your definition of work, like whether it works or not.
So I mean, yeah, right now I, I've been.
Working from home for two years, seeing how much dreaming I can get in.
(23:59):
Like, no, but I, even when you have jobs that are these remote jobs, like you cannot tell me that now.
Listen, we've all been in offices where there's a whole bunch of people that like to just wander dust to desk and try the candy and, and chit chat.
Don't get anything done.
Yeah.
So like shirking is.
A phenomenon, no matter where you go, what conditions you put humans in, there's going to be shirking, but you cannot tell me the people from home, on average, some of 'em are working their asses off.
(24:25):
Right.
But on average that these, all these people working from home are, do working as hard as you would in the office.
Yeah.
They're, if I, if I, when I've had harder, like they've been on project and been needing to do a lot of stuff, I'm working way more hours than I would ever work in an office.
Mm-hmm.
Yeah.
And like.
And I'm not because there's not even a reason to get in the car and drive somewhere.
Right.
And take up an hour and a like, I'm not paying attention to like what time it is.
(24:48):
I'm just doing whatev whatever I need to be doing.
Um, like you guys seem to work plenty hard when you, before you guys set up like sweet kiddo's offices.
Like, you think you worked much harder in the office? I seriously doubt that.
I think that has less to do.
Like there's a whole lot of social stuff goes down at the office that completely skip at home.
Yeah.
I mean granted there, there's certainly, if you're fucking around, there's no better fucking around that you can do than at home for sure.
(25:14):
Like, you know, rate, rate opportunities for fucking around here.
Yeah.
Yeah.
Then like.
At home work trip, work trip's a little lower because you might have to actually show up to something like, right.
Like, yeah.
But yeah.
But being at home where you're like, eh, I'll set my alarm for two minutes before my, my next meeting or whatever, like at 3:00 PM Um, but.
(25:38):
Yeah.
All right.
Realty Corporation in nine minutes or not? What do you wanna do? I dunno.
We were back to, let's go back to that, uh, investor presentation.
Uh, page duh.
No.
How about this? How about this one? So they've whooped the, uh, 500 Wow.
For, since 1996.
Yeah.
They've trounced it, which is good.
(25:59):
Uh.
Uh, they're good returns.
Uh, what's downside? Utility volatility? Well, downside.
Volatility.
Volatility.
Oh, man, your screen is so small.
I, well, it's small.
I'm like, maybe I need glasses.
Wait, I'm wearing glasses.
Uh, they have a.
They have a definition for it or something.
It says Total operational return.
(26:19):
Nope, wrong line.
Downside volatility calculated on standard deviation from annual total operational returns where values in excessive zero are Okay.
Of course their volatility's low because people just pay the rent.
Right, right.
Every month.
Right.
Yeah.
So volatility, it's not just low, it's zeros.
Yeah.
And it's not zero because people go out of business and all this.
Right, right.
Yeah.
(26:40):
Um, so they really like single tenant net lease.
They, they like the freestanding buildings.
Sure.
Um, you know, if you're a, you're a real estate investor and you've got a CVS who's Yeah.
Yeah.
Renting your building, they freaking love it.
Yeah.
Uh, they have, oh, this is their opportunities for growth.
They can grow in industrial, they can grow in international gaming and data centers.
(27:04):
Oh, we need to talk about gaming at some point, or, or betting like, like gambling, I should say.
These guys should definitely get into gambling.
Uh, what are we even talking about here? Total operational return.
Oh, so they're big into dividends.
So they've paid hefty dividends and growing.
Um, I mean, look at this chart.
If this doesn't, this is their downside volatility.
(27:26):
0%, uh, you know, anyway, um, they're very selective.
8% they like me, like Walmart.
I don't know if 8% is super selective, but hey.
They invested at the Encore in, in, uh, Vegas, Boston.
That one was Oh, I think, yeah.
Boston Harbor.
Yeah.
Uh, I just saw Wind Resorts and I was thinking I was, anyway.
(27:47):
Yeah.
You know, they have all these deals with these guys, so, oh, look at that covid part.
Yeah, they took a hit during Covid, but I mean, yeah.
For, so for a company that's as mobbed up with retail as No.
Yeah.
And this is the, exactly what I was asking.
And this is rent growth.
They, the rent, rent, growth, same store only went down 2% in the worst year you could think of for retail.
(28:08):
Yeah.
No kidding.
And then next, next year, pop right back up, you know? Yeah.
They give a dividend of, they've been growing their, their dividend rate at 4% a year on average.
I don't like that.
That font where they say dividend, it looks like D-L-V-L-D.
Oh.
Mm-hmm.
Maybe we shouldn't invested it from there.
Yeah.
I think we should write them a letter at least.
(28:29):
Right.
Um, and then they'll be like, well, how much did you invest? And we will be like, well, we invested a thousand dollars in theoretical money.
Yeah.
Yeah.
Funny.
That's not nothing.
Yeah.
Here's all their properties.
They're like everywhere in the United States.
Yeah.
Uh, unconstrained by industry and property type.
(28:49):
I don't know about unconstrained, but yeah.
See this is it.
I mean, they're heavy retail, right? And then the industrial, like the one they showed was Coca-Cola, so that's very Yeah.
Retail.
Yeah.
They said that they did multifamily On one of those slides I said I saw, oh, was there some I saw, yeah.
It was like one of the smallest things, but I haven't seen anything.
So I think you gotta look at this a little bit, although these are small percentages, but their biggest stores are Dollar General is number two, dollar Tree, Walgreens.
(29:13):
So there's definitely a low income.
Or you know, yeah.
Uh, they just got a lot of stored, well, I don't dunno.
So 73% of their is non-discretionary, which they mean like, grocery stores are non-discretionary, low price point.
Mm-hmm.
And or service oriented retail.
Mm-hmm.
Um.
So you gotta be a believer in that stuff.
(29:35):
You know? You gotta be like, okay, I don't know what you gotta be.
People are gonna stay poor and still need to go to stores and the stores aren't gonna go out of bus like Donald Trump's not gonna drive him out of business, you know? Yeah.
But I thought that other Dollar, dollar General, or Dollar Tree or one of the dollar stores did just go out of business.
Yeah.
I think one of them is, is hurting.
Oh, wait.
(29:55):
They also have social values.
Oh, good.
Yeah, I know they do.
Where do you think this is? Who we are? Who we are? Purpose? Yep.
It has to go there.
Oh boy.
All right.
We're gonna play guess the values.
Calin.
Okay.
Okay.
Uh, what do you, what do you think value number one is? Um, integrity.
(30:16):
That's always, um, yeah, it's a.
Doing the right thing.
Like here's their mission.
Uh, if this doesn't get you out in the bed in the morning, I don't know what it will to invest in people in places that deliver dependently monthly dividends and increase over time.
All right.
You're like, hell yeah.
I'm going to work and I'm driving.
(30:37):
What I've been looking for in a company that I want is driving dependable dividends.
They're not effing around though.
They like dividends.
Yeah.
Do the right thing.
I.
(31:00):
I'm telling you I'm meant to be a fucking CEO or something.
I should have made you guess another one.
'cause I know you would've said diver diversity.
Yeah.
Something about diversity.
Yeah.
Like man, empowering each other too.
The other two are, are, you know, the other three are like a little better.
But yeah, giving more than we take, I mean, yeah.
Entrepreneurial spirit, that's always.
That's right.
Yeah.
Yeah.
That's a, that's a top and like there, that's a top 20 value right there.
(31:23):
Right.
There's gonna be something about community always, like giving back whatever.
Yeah.
And then we got this whole sustainability thing, man, diversity.
That's awesome.
So, wow.
Well done.
Well, I guess there's a, uh, values alignment.
Uh, let's see, let's see how the, let's see how the chart did.
Don't press that one.
Let's see how the chart did.
Uh, uh, they're up today.
(31:45):
They're up over the past five days, as is everybody.
The whole s and p.
Wow.
They're on, they're up even over the last month.
Wow.
Well, they're, they're like not, they shouldn't be affected too much by, I mean, I guess companies may like end their leases, but like I would think they would do well.
Yeah.
Comparatively, what happened? Well, they didn't hit their earnings target back here in November, which is amazing because I thought.
(32:07):
They're just collecting rent checks.
I thought they would all, like, it'd be very easy to predict their earnings and you'd almost always get 'em very big dip.
Yeah.
That's tariffs.
Oh really? Yeah.
Oh yeah.
Oh, this is year to date, which was a shorter timeframe then.
Wow.
This, uh, the stock price is a little more volatile than I would've thought.
(32:27):
Yeah.
But they, so basically you're gonna buy it somewhere from 50 to 60, 55 to 65, and it's gonna like stay there.
Maybe as high as seven 50 to 70 is the wide right? The wide one.
Um, yeah, but I'm not super sold on 'em based on the chart, but, but you also get a dividend, so you buy 'em and you get, you get six, almost 6% back just in dividend.
(32:50):
Yeah.
At today's price, you know? Okay.
You, so even if the stock.
Does poor, like the stock loses 6% a year, you break even.
Huh? You know what I mean? Oh.
If it go, if the stock price goes up, you're making the dividend and now you pay taxes on dividends.
Yeah.
You know, but Right.
Nevertheless, that's a really nice dividend yelled.
Okay.
(33:11):
How many that this PTE ratio's? Uh, crazy.
I can never, I can never remember what the ratio should be.
Price to earnings? Yeah.
Like what, what, what the goal is the average of the s and p.
Well, a few weeks ago, the average of the s and p was 20 something low twenties, and now it's high teens thanks to, and this is 58.
This is 58, which seems like a math error or something.
(33:35):
Maybe theirs is weird because of the nature of their, yeah.
Of their business or something.
'cause I, I mean, what's their uh, their market cap? $50 billion.
$50 billion financials.
Yeah.
You gotta go.
That's okay.
(34:03):
Operating income.
2 billion.
So it's only, that's 25 times operating income.
Normalized income net.
Net income is less than a billion.
I don't know, but it's like, so I guess they, it's bit up because it's like so steady Idy.
Yeah.
I mean EBITDA's four, 4 billion, so it's only like 12 times ebitda.
(34:23):
Yeah.
So that's a good one.
It's steady, Eddie, so that sounds like kind of a boring thing to invest in, but also a good thing to have in like, you know, a boring thing for us to have in our portfolio.
Yeah.
But like, uh, also not a bad thing.
Yeah.
It has appeal on a personal level, you know, like, yeah.
The only thing I can, the only thing that makes me nervous is like.
If the economy tanks right.
(34:44):
I mean, I gotta imagine retail would get hit.
Yeah.
Fairly hard.
But I don't know.
So, yeah.
All right, let's, so we'll do it.
We're gonna invest in these guys.
Oh, I was gonna say we shouldn't.
All right.
But we're not gonna do it.
Forget it.
We're out.
I mean, I dunno.
Yeah, we, yeah.
Ask your doctor.
See what your doctor says.
Yeah.
See what there.
So, yeah, I.
I think keep thinking maybe we should have a portfolio.
(35:06):
I mean, not that we need to have another portfolio, but it'd be kind of fun to see what if we didn't invest in something, you know, if we choose out Oh, the past out.
Yeah.
Like see if we made mistakes.
That's such a good idea.
Let's do that.
Okay.
And we'll put this will be the inaugural, uh, stock in the past portfolio.
Okay.
All right.
Cool.
Cool.
All right, so we're going to um, we are going to review the portfolio.
(35:30):
Gummy bear.
Uh, that's him.
And then, uh, say some funny, funny things.
Yeah.
And then, and then be done.
All right.
So what I thought we would do to a accelerate a portfolio review would be to just look at our overall picture against all the portfolios, not necessarily get the details.
Yeah.
Yeah.
Probably a screen we should have used many times before.
(35:52):
Sure.
But here's everybody.
We're gonna have to rename 'em so that they're in a different order though.
Yeah.
Okay.
I'll rename it.
Number one.
Well, you start at the bottom.
You work your way up, I guess.
'cause it's the oldest.
Oh, okay.
Yeah.
So look, look who's green today.
Hey, who's the only green you see on the page is the get rich portfolio.
We're also, by the way.
The best performing portfolio of all of these.
(36:14):
Of everybody, yeah.
Lifetime.
Plus, if you add in back in our, our realized gains, like the stuff we sold, man, we're actually have made money and nobody else is like close to making money.
Wow.
So we're at, we're at Lifetime now at minus 1.8.
The s and P's at minus 4.45.
The guests are at minus 10.
(36:34):
The guests are doing great compared to Justin because for Justin.
Is getting crushed at 16.401
God, but Right.
But that's part of his, his theory theory though is that he would be okay until he's playing four D chess Kalen.
Yeah.
Yeah.
This is all part of his plan.
It's just like, right.
This is like, we lose money before we gain a lot more money.
(36:56):
This is the genius of, uh, of Justin.
Uh, yeah, exactly.
And his baseline, he's.
He's nearly 10 points below his baseline, which is terrible.
And his baseline, by the way, just took ticked positive.
But yeah, he's not doing the worst today of, uh, yeah.
Guests are, yeah, guests are having a kind of a rough day.
I happened to cheat and I saw that the, uh, stocks that were really helping us out were chewy Eagle Pharmaceuticals.
(37:22):
Yeah.
Today, I mean, I only liked it today.
And Fannie Mae.
Fannie Mae.
It's back at, I'm telling you that buying a five six, selling the sevens, it hasn't hit seven yet.
But you bought, if you bought in the fives and it went in the real low fives.
Yeah.
Even to the point where I was like nervous 'cause of its tariffs and everything.
Yeah.
But I bought in the fives and now it's at six and a half or something.
(37:43):
It's like, yeah.
I'm so happy.
Couple more points.
We can sell that.
Sell that bit.
So awesome.
Anyway, that means we gotta do the, uh, the gummy bear.
The gummy bear for the second to last time.
I know we, well, theoretically this looks like a lot to eat For two times I was thinking the same thing myself.
The past several times I've been like, Hey, no big deal.
No big deal.
(38:03):
Yeah, we're making progress, you know.
Well, we got the two of us going at it today though, so yeah, we gotta tear this.
We got a tar, whatever tear.
All right.
That is 366 milligrams.
Perfect.
No, no.
There we go.
13 ounces on the, on the nose.
Well, well under a pound.
(38:23):
So, yeah.
Uh, shall I, uh, I'll, I'll, uh, start and, uh, you, yeah.
So how much of outta 13 ounces, how much should we take on today versus, I mean, I think, well, theoretically six and a half ounces.
You want take on half today? Say it looks like a lot.
Okay.
Six and a half ounces divided by two.
That's only three ounces each.
You eat three ounces.
(38:43):
Gotta eat it today.
Got a big old bite.
Two big old bites.
And then, uh.
That might've been my biggest bite of the bear.
Yeah, I think the whole time.
Yeah.
I think it, I think it might be that.
Let's see how you did one ounce.
Oh, not that good.
Not that good.
You gotta do better than that.
You right.
Let's see.
(39:04):
Oh, you're gonna go? Okay, so we're gonna go bite for bite.
Yeah.
Bite for bite.
Why not? I'm not quite done, so I can't like talk in the, um, in the middle, but you gotta really get down in there.
Yeah.
Oh, oh.
You're just in tearing, tearing technique and everything.
11.
You didn't even hit the, oh man.
I thought I never shred.
(39:25):
You smoked? Not yet.
Right? You thought you ate.
I only, I ate way more than you.
Mm-hmm.
I ate a whole ounce, not 0.9
ounces.
What, maybe this, maybe I can take down most of this.
Mm-hmm.
There you go.
Yeah, that's good.
That's good.
Bam.
(39:45):
9.8.
Yeah, that is good.
Oh, wait.
Oh, I thought I said five.
I was like, damn, you're in the half and a half.
Mmm.
It's like tiring.
I was like, I need some munchies in my, okay.
Yeah.
Careful what you wish for.
Yeah.
Like, where would it go? It doesn't seem like it would fill your stomach.
Really? 'cause it's like sugar and I guess there's gelatin in there that bodies it up, but Mm.
(40:09):
Yeah.
One ounce.
8.9.
Look at this is getting to be a little arduous.
Like Yeah, like miserable.
Now you know what it would've been like to take down that hole? Oh, Barrett wants to Every day.
(40:31):
Day.
I found every day.
Oh my God.
Mm-hmm.
Um, what do I have to do? I gotta do one more.
No, no, no.
I, maybe we leave it.
We see Justin and Kelly wanna have a bite? Who wouldn't wanna eat a bite of this? Yeah.
This gummy bear.
Everybody knows that's a gummy bear, right? Kinda looks like, obviously kinda looks like a, it's like a mountain, right? It is.
(40:56):
Look like a mountain with like, really craggy.
It's kind of like a gems though.
Like a rough, rough diamond or something.
Yeah.
All right.
I can do, I can do a little more.
I got, I got a little more, I'll do a little more.
I got a little more.
Not a whole ounce, no.
Yeah, that's like exactly the bite that I was thinking I would taste.
Oh, well, I'll take 7.9.
I'll take this top bit.
That's less than half a pound now.
(41:17):
Oh, and now we're, well, so sticky.
That was one of the last clean pieces of original skin.
I know.
On the whole gummy bear.
That and this surface on the bottom.
Yeah.
I'm not sick.
We got it.
So down to 7.4
ounces.
We got, we got, um, a lot of work.
We did five and a half ounces.
(41:38):
Right.
Mm, total.
Yeah.
Mm-hmm.
It's, uh, that's go work.
Yeah.
I'm be like, woo, here in a second.
Nearly half a pound of gummy bear eating.
It is so sticky though now, so it's probably a little early for this, but, um, we should, is there anything we should plan for the, uh, 50th episode a little early, early to start planning? I mean, if not the night before.
(42:02):
But Justin is gonna show up and you're gonna be like, okay, we're gonna say, Hey, hey you guys.
I know, you know, soon, like, as soon as we mention it like 10 episodes ago, he is like, all right, I've already been thinking about the camera set up.
Well, it's like everything in life, he is like a, he is like a golden retriever or something.
He is just like, should we go for lunch? Should we go, should we wonder why we didn't work out? Like takes all types, man.
(42:29):
I'm like, man, I need to go take a nap.
Um, but yeah, I mean, I, I don't know.
I brought the balloons.
These will be fun, Peter.
Maybe I, I think my wifi is troublesome.
Yeah.
'cause I have wifi around different parts of the house and it's not like we're, we're not exactly on top of the router here, so.
Right.
Anyway.
Yeah.
But we just need to swap out what you guys use as your office for this space.
(42:52):
Yeah, that's come up here.
Yeah, come up here.
I sure Andrea would love that.
Yeah.
Have this be the sitting room.
Uh, it would be quiet.
Cody might complain less, although it's hard to imagine.
He call up the stairs.
Hey, you guys, did you make dinner anyway? Yeah.
(43:16):
Well, nothing to do, but continue pressing on.
Keep recording these episodes.
Keep putting 'em out there.
Keep making shorts.
Yeah.
In one of these days.
Kailyn.
One of these days we're gonna blow up.
Ariel will listen.
Yeah.
Mom and dad will listen to one episode.
My daughter.
Yeah.
Cody.
Never.
Never.
All right.
But at least, yeah, Andrea listens now, which, that's an improvement.
That is weird.
(43:36):
It is weird.
Every so often I'm like, I hope we didn't say anything she shouldn't listen to.
No, no.
We we're good.
All right, we're good.
Let's, with that, let's cue the music.
You are listening.
You have listened.
Two, Robert and Kaylen Get Rich.
Episode 49.
We got one more to go to the magic number 50.
(43:56):
Wait till you see next week.
You could just skip this episode from this point forward and just go to next week.
Yeah.
You'll only have cut about 30 seconds out, I think.
Yeah.
But yeah.
Anyhow.
Why blank and subscribe.
Absolutely.
Leave us a comment.
Send us an email, Robert and Kalen getRich@gmail.com.
Send us a list of people we should have on as guests and podcasts.
We should go be guests to, and listen to, and listen to, and not listen to and tell us any other thing you're thinking about.
(44:22):
Yeah.
But if you want to send us a rant about Donald Trump, like save it.
We, uh, I'm open to it.
Okay.
Go nuts.
Listener.
If you're, if you're not being mean to.
About us, then I'm, I'm into it.
Alright.
Very good.
We'll read it on air.
Send us an email.
There's one thing you should not do, however, which is send us any financial or investment advice.
We don't provide it and we are not gonna read yours either.
(44:43):
That's true.
You, your, your, your judgment is certainly suspect if you're listening to this as, but, so it's sending us financial advice without you, I think we say.
Bye-bye bye.
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