Episode Transcript
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(00:03):
Welcome to Unf Your Finances with Nicholas Saint
George from Saint George Wealth Management.
This is the podcast where we help busy
professionals navigate the complexities of their finances,
making the most out of their hard earned
money. We don't f around and find out.
We plan for the unexpected
by breaking down complex topics with humor, honesty,
(00:24):
and stories.
Join us on this journey where we explore
the real truth about finance,
empowering you to understand and manage your money
better.
Nicholas draws from years of expertise and invites
guest experts to solve your financial challenges and
help you stay on track for retirement.
Hey. It's time for another edition of the
(00:45):
Unf Your Finances podcast with your host, Nick
St. George. I'm your podcast producer, RJ Malek.
As always, it's great to see you, Nick.
I am looking forward to another,
I would say the word interesting
topic and podcast
and take. Your take is always interesting on
this. And today, we're talking about,
(01:05):
market pullbacks. Yeah. My takes are usually very,
special and maybe not always meant for public
consumption, but here we are. So buckle up.
I think your takes are unique,
and the way you lay it out,
I enjoy it. I,
like the way you you you, explain things.
Makes it easy for me to understand. So
(01:26):
I'm looking forward to this. And that's the
thing. You gotta make sure I you can
understand it because money is a very emotional
thing, and people that when you don't understand
it, like,
you kinda get frustrated. And you get emotional
a lot faster versus something you know inside
and out. Like, alright. Well, like, basic stuff,
you're not gonna stress. When you start hearing
(01:46):
complex stuff and or same thing with, like,
medical. Like, you don't may may not understand
cancer or these drugs or all this stuff.
You start getting frustrated and worried and concerned.
Like, you Google, like, your symptoms on WebMD
and suddenly, like, oh, I guess I'm dead.
Like, you like,
it's it gets a little nerve wracking. It's
like you
but money and news line new news headlines
(02:09):
and everything else right now, it's not easy.
We can come through a very hotly contested
election,
very emotional.
You still have the social media wars on,
like, what's being done
through both red or blue lenses. Like, it's
very, very interesting
with all that. But at the end of
the day, we're gonna talk about the markets.
(02:30):
We're here for finances. We're not here for
politics. As always, I say, hey. We're we're
rooting for the pilot to land the plane
every four years. And I I stand by
that part. And right now, like, market declines
are regular. This is perfectly normal. If markets
never had pullbacks, people would never buy CDs.
Right?
You get markets are gonna have some bob
and weave. But historically speaking, roughly a hundred
(02:50):
years, you're talking about 75% of the time
the market's up.
And
that's just averages. That doesn't mean we can't
have two good years in a row, three
year good good or two bad years in
a row. Or sometimes you might even have
a flat year. There's something said for that.
But over the last fifty years, because that's
more of talking about the stock market in
nineteen thirties isn't exactly very useful in today's
(03:11):
world. It's it's worthwhile for perspective,
but roughly the last fifty years have a
little bit more normalized trading. And let's be
honest, the last twenty five years has really
changed
trading. Like, it's not some secret,
like, you have a special hotline to talk,
like,
anyone right now. And I I think I
even go we'll take it back to the
eighties with the four zero one k. Once
people started having four zero one k's, that
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gave more people, the average person, blue collar,
access to general investing.
Over the last
so that last fifty years, there's four and
a half
pull pullbacks of 5% or more per year.
That's the average. And you can't have a
half pullback. So we'll just say four or
5%
or more.
Completely
(03:53):
normal.
Now it sucks. Nobody likes to see a
red number. No one likes to see their
account go down.
And, yes, in a perfect world, with my
perfect crystal ball that tells me winning Powerball
numbers, I would get you out before it
went down and get you back in before
it went back up.
But that's not reality. Like, there's no perfect
algorithm. Trust me. BlackRock or Goldman or the
(04:14):
Tiger Fund, all these private equity, if they
figured out that algorithm, they wouldn't be telling
you or I, but it's still not there.
People still thinks they have the per they
figured out the perfect solution
until they don't. I knew of a hedge
fund that had this great strategy,
and it blew up. Like, it was hedged.
It was perfectly hedged, and they had this
algorithm. And, hey. We're gonna make this. We're
(04:35):
gonna grind out 3% a month in this
perfect thing. And you had one of these
rare market occurrences,
and they blew it up. And now one
of them is a teacher. Like, he's done
in investing. He's
wizard with numbers, PhD in economics.
And the fun like, brilliant people, brilliant strategy,
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but it doesn't always work. And that's pullbacks
happen. Like, so telling you that I'm gonna
figure out the perfect way or you're never
gonna have a down month or never have
a down year,
That's not that that's bullshit.
Like, it's gonna happen. And part of your
plan like, when we look at when we
run the numbers, how do we get to
where you wanna go,
how much money do we need, adjusted for
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inflation, all that stuff,
We understand that, hey. We're gonna average
most of the plans run their average
return is expected 6%.
Is that our goal? No. We're trying to
make more money than that. But if we
know that's what we need to earn, that's
assuming that, hey. We might make 15,
lose eight, make seven.
Like, it's just
you're throwing up Powerball numbers. Right? Like, what
(05:39):
almost seems like temperatures in the morning versus
temperatures in the afternoon. Like, it's 36, 70
two, 20 one. Like, they're all over the
place, but that's where you get the average.
But a pullback and just because you have
a pullback in the year doesn't mean you
can't finish up.
Like, a lot of years that have finished
up
started down or had a summer pullback or
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something like that. But if you plan right,
pullbacks can be beneficial. Right?
Correct. And that goes back to leading the
COVID. So 2019 was a good year.
And we looked at the plan you do
in the year end planning. Hey. If you
were typically seventy thirty,
we've crushed it this year. Let's boil you
down to sixty forty. Let's throw a couple
chips in our pocket. You're on a heater
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at the casino. You might throw a couple
hundred a couple of those $500 chips in
your pocket and say, hey. Let's at least
cover
protect a little something for it. Right? So
if you did that and then you have
some cash to redeploy
when you see see things on sale. Think
about anything that's in your in your house
right now from your smartphone
to the food in your pantry. Are those
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or hey. Go to Walmart. Are they people
are in the nanosecond. If they report bad
earnings one quarter, are they really going on
a business?
Like, we're in a nanosecond world. You gotta
have that long term perspective. Take a step
back.
Understand that markets typically recover. They continue to
grow over time despite short term volatility. I'm
not saying it's fun.
(07:02):
I'm not saying there's nothing wrong with having
a little pit in your stomach. We're human.
Right?
Money seeing a red number sucks.
I don't care if it's losing a a
$2 bet on the golf course or a
hundred dollar bet in my DraftKings. I'm still
pissed. Like, you don't want to lose, but
it's part of it. Some of the shenanigans
you do, those are just stupid fun money.
But your $4.00 1 k, your life savings,
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yeah, we're not putting parlays on your life
savings, but there's still gonna be some downtime.
And right now, we we have half the
country pissed, half the country kind of like,
this is this is gonna be great.
And you get this mixed investor sentiment. And
feelings are kinda hard to quantify.
Right? Think about pain. Like, my back and
(07:45):
knee hurt right now. It's a five for
me, but it could be an eight for
somebody else and a two for somebody else.
You it's hard to quantify a feeling. Right?
Like, oh, alright. I got a bigger belly
than you, so my gut feeling should be
more important than yours, RJ.
But so that's that's gotta be your your
biggest challenge as a financial adviser in
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trying to
explain to a person
the difference between, you know, getting emotional about
it and
taking a step back and being analytical about
it. Correct. Keeping your emotions in check are
the probably the biggest part of my job.
Most people think it's like, oh, you're sitting
there with, like, the like, the charts up
here, like, this stuff over here
(08:26):
that I'm sitting there like Rain Man with
numbers. No. My biggest challenge
is keeping you on track, not letting you
hit the eject button
because it's a rough month, rough quarter,
or you just don't like who's in the
White House, or
the headlines has got you scared. And I'm
not saying these headlines make you feel warm
and fuzzy at night, but you can take
(08:47):
a step back, have that bigger perspective. And
I know you're sick of hearing me talk
about this stuff, but go back to your
plan. Like, what We're still ahead of schedule.
We're still tracking to where we wanna go.
Are we so far ahead of schedule that
you can go and hide in in cash?
Probably not.
I'd say there's only probably two or three
people I know that have that much money,
and that's usually generational wealth. And more than
(09:08):
likely,
you and I, we're not there. Right?
That's why as you have stated over and
over again, it's important to have a plan.
So
you stick to the plan whether the stock
market's going up or going down. And as
you pointed out earlier,
yes, you do have some downtimes, but historically
and it's this is going back many years.
(09:30):
The stock market will end up going going
up by the end of the year.
Yeah. And let let's be honest. Your life
savings isn't always on calendar returns. That's the
tricky part. People look, oh,
my account on December 31 was this. Well,
alright. Well, what what happened over the last
year?
Like, are you gonna put a feather in
your cap that your account looked really good
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in December, looked like shit in June, and
really good again in December? Like,
that's where rolling returns get in. That's a
little more dorking out than we need to
go to. But some of this thing is
when I build portfolios and downside matters, think
about this. If you invest a hundred grand
and lose 10%, you're pissed. You don't like
losing $10. That takes you down to 90,
but you only need to make 11.1
(10:12):
to get back.
That's a reasonable rate of return. Over the
last fifty years, S and P's roughly with
reinvested dividends, and this is a ballpark number,
so compliance and head spin and green shit
come out, but roughly 10%.
So it's not
it's not impossible to get back from 11
to get 11 and get back to even.
(10:33):
The problem comes into when you're gambling and
hey. For instance, max seven has been great,
but even then, I've cooled off. Right? It's
like you're going to the roulette table, and
you see blacks hit, like, 10 times in
a row. Alright. It's gotta go 11. It's
gotta go 12. Eventually, it's not gonna hit
those numbers.
Like,
the mag seven can't keep growing at double
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and double. So, occasionally, they're gonna cool off.
And
but let's say you're in all that crazy
stuff or you take a chance on something
and you lose 50%.
Your hundred goes to 50,000 on a 50%
loss. You now need a % return to
get back to even.
So So a % is a hell of
a year. Doubling your money doesn't happen every
(11:14):
time. So that's why you gotta pay attention
of what your downside is. Know what you're
owning. Just because it goes up, what happens
when it goes down? You get the Warren
Buffett quote.
You know, nobody knows you're naked until the
tide goes out.
Nobody wants to see me naked. Understand that.
Yes. Okay. And but here's the nice thing
of, like, compounding. Think about the big snowball
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effect. We talk about paying down credit cards
of getting rid of the interest.
Think about it. If you invested a hundred
grand in the s and p 500, average
is 10% a year. That's just average. That
doesn't mean it makes ten ten ten ten
ten. It's gonna be Powerball numbers just getting
thrown up random. But after ten years, that's
roughly, if you average 10%, two hundred and
fifty thousand. After twenty years, it's about 670.
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Like, there's something set for compounding,
just letting it do its thing
versus micromanaging
it the day to day. That's where people
get in trouble of thinking they have to
make a change because today's a shitty day
in the market or the headlines have looked
bad for two weeks. I gotta run. And
that's that emotional part. If I can fix
(12:16):
that gap between your ears, you we're gonna
have better outcomes.
What how long do you wait
to make major
or significant changes in someone's portfolio?
Data's run weekly. Changes can happen every two
weeks. Basically, the fifteenth and thirtieth is the
way the data comes through.
The reason why we do that is there
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could be a day that's
good,
two days bad. They call it a whipsaw.
Like, you have that little knee jerk reaction.
So you don't wanna chase it day to
day. But usually, two weeks Okay. Is enough
data to see the trend,
and it's and some of let's be honest.
There's over 300 data points that they're looking
at. I'm not gonna go off of one
(12:58):
index that says they've projected predicted the last
36 of the last 12 recessions.
Alright. So that's 24 false flags. What like,
so they're batting one for three. Alright. They're
in the hall of fame for the baseball,
but they're a shitty money manager.
So that's why you can't run off of
one one data point.
Like so that's why I like
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the folks over at Helios, like, getting 300
plus ones. Red light, green light, yellow,
and it adds altogether, and then we'll make
we'll adjust accordingly
from there. But it's not a day to
day thing. You gotta see the bigger trend,
and that's where those trades will come.
So patience
plays a big part
(13:39):
of
of of dealing with the stock market and
dealing with your investments and things like that.
I mean, you you really have to take
a step back. And as you pointed out
earlier,
the the biggest issue you're dealing with is
emotions and people
Correct. It's 50% patience, 50% Kevin Bacon remain
calm, and, 50% planning. Right? Add that one
(14:01):
up. Right? Yeah. 60% of the time, it
works every time.
I like your math. Yeah.
Fuzzy adviser math. We'll go with that.
Alright.
So
beginning of this, the term for,
the president,
the current president,
the stock market was doing funny things.
(14:23):
I mean, how difficult was that for you
dealing with your clients as they're watching
it go down?
Because it it goes back. Hey. Half the
country's happy. Half is scared. You had people
truly
petrified.
Right. Like, you could hear the the discomfort
in their voice.
Like, you the equivalent of, like, a loved
(14:43):
one is on their deathbed level of concern.
And I like to have fun with stuff.
There's a time and a place for jokes
that, like, you you gotta have that compassion
part of things to kinda talk them through
it. And the other half of, like Right.
How much how how how much can we
go into stock? Like, I I this is
gonna be the greatest year ever. And you're
like,
look. And if your count goes down by
20%, you're gonna hate me. Like, so let's
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not go
gangbusters. Like, it's you gotta find that happy
medium, a little Goldilocks.
But then you have people running like, hey.
Oh, I see these paying 4%. This is
amazing. Right? I I I don't need to
be in the market. 4% is gonna get
me where I need to go.
And or these high yield savings, I don't
know, two, three, four, five even still kicking
(15:26):
around.
A lot of our teaser rates, that's the
other thing you gotta keep in mind. Banks
love a teaser to get their money in
because the the the data is once you
go to a bank and buy one of
their products, like,
something like 80% of the time, you won't
leave. It's a stupid number. I forget what
it is. But once you move there, it's
a pain in the ass to set up
a new account or pull it out. Most
people,
that that's your lead lead thing. Right? So
(15:48):
your big banks, everyone knows who they are,
but you got these mid level banks. Instead
of sponsoring a stadium, they're gonna juice up
a CD or a money market for twelve
months to get your money in the door,
knowing that you're more than likely you won't
go there.
But think about it. Let's say you throw
$10,000 in a CD
earning 3%.
At the end of the year, you get
(16:08):
$10,000
back and $300.
But if inflation's running at four, you need
to make 10,400
just to keep your purchasing power. So think
inflation is the grocery store, your utility bills,
getting gas. Who would have thought eggs are
such a hot topic? I never thought that
was
getting the egg McMuffin with high stakes here.
Yeah.
(16:28):
But
if you wanna be able to buy the
same basket of groceries, go to the same
dinner year over year, you have to keep
up with inflation. Think inflation is purchasing power.
And it's funny. I found an old menu
from a dinner event I did at a
restaurant
in 2018,
and then I have the same menu from
2022. It went up by $25
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a plate.
Really?
So because I was looking at different client
events and stuff like that, and I found
some old files and stuff like that. That's
inflation. They're paying their staff more. The food
cost is more. Like, there's all of it.
No. Never I used to get my haircut
at one of the places in town. I
think their MVP was $18. I think now
it's 36.
(17:10):
Wow.
So
so glad I like my hairstyle right now.
That inflation is not gonna get you.
But that's people hear inflation, they don't think
it affects them. But you're gonna talk about,
like, what does your life look like?
If you're just knocking down ramen noodles with
the medical bill, inflation's gonna get you. But,
like,
the cost to live is
(17:31):
astronomical.
Like, it's not there isn't a dollar menu
at these places. There's not a $5 footlong.
All these people that marketed on cost for
so long,
even, you run into Walmart, it's still fairly
expensive. If you go to any major grocery
chains, if you're not buying what's on sale,
you're like
I remember when soda was a 12 pack
of soda with four for 10. Right. Now
(17:52):
it's 4 for 22.
Right.
Yeah. And it's like, alright. Should we and
that's why between the health reason and everything
else, you've seen Coke and Pepsi start buying.
Was it Poppy? You got they have Fairlife.
They're diversifying because people are like, alright. Deep
down, look. I love some caffeine. Give me
my soda.
But, hey, am I better off drinking water
(18:15):
or something else that's a little bit healthier
that doesn't have random or could decrease an
engine? And, also, you hit a certain age,
and I can speak from experience.
I used to I was, you know, terrible
with my with my diet.
But now that I'm older,
I watch my diet very closely. I stopped
drinking soda
(18:36):
probably about twenty years ago. It's probably the
best thing you could do. Like, I'm trying
to get there. Exactly. Or stop drinking bourbon
and tequila. That would probably help. No. No.
No. No. No. No. You have to you
have to have a trade off. Yeah. See,
I for example,
I I suffer from gout,
which is a form of arthritis.
(18:56):
And the first doctor told me I had
to stop drinking,
and I had to change my diet,
and I had to stop
drinking coffee, caffeine, and taking all that other
stuff. Alright. No coffee. That's a deal breaker.
Not happening. Well, this is what what this
doctor was. I mean, he was he was
very,
(19:17):
very
dramatic. And, fortunately, I moved to another town
and got another doctor, and he was like,
listen.
You know, if if you can't cut everything
out all the time.
You if you wanna have a steak,
don't don't drink alcohol.
If you wanna have a beer,
have a, you know, have a chicken cutlet
(19:37):
or something like that. Be smart about things.
For me, I I actually cut out caffeine.
I cut out my coffee. I stopped drinking
coffee because I wasn't gonna stop drinking my
my beer and my vodka. You know? That's
that those are my vices.
But at least you had the the either
or. You go in there, and that's like
me telling someone, oh, you're gonna save $50,000
this month. Alright. They're gonna be like, alright.
(19:59):
Screw you. I'm out. No different than the
doctor telling me I gotta lose 50 pounds.
Like, alright. No. We're gonna do four pounds
a month for the next twelve months to
get you roughly
forty eight pounds. Right. And you gotta have
a plan, but this goes like, some of
the things are being too safe. Look. I'm
an investment guy. I have cash. You got
good money in both the bank for the
business and the household. The mortgage, the kids,
(20:21):
the business, there's certain things you can't risk
that money for.
But if all your money is in any
one place think about this give take. You
need some safety. Not saying you don't, but
you can't be all safe. Right?
So give and take. Because there's that opportunity
cost. When people are this skittish and stuff
like that, sometimes that's some of the best
(20:41):
deals. People like, oh, I wish it would've
invested in 02/2009, but everyone's like, oh, we're,
like,
two days away from banks completely collapsing. Like,
it's kind of
or think about COVID at the March. Like,
the world is little are are we all
gonna die? Like, I'm a fat guy. Like,
there got COVID's got me pegged. I'm gonna
be out quick. Right.
(21:01):
And is it going to the end gonna
be the end? Like, oh, I wish I
had the intestinal fortitude to put more money
to work, but, like, it's kinda hard. Like
but there is a missed opportunity cost. Like,
if you have if you have your safe
buckets covered,
let's say, if you're working,
I don't know. There's a different
in my household, it's a particular dollar amount.
It's not a set, hey, three to six
(21:23):
months. Everyone's a little bit different. You have
a particular dollar amount covered in savings. If
that bucket is checked,
alright. Do you wanna go buy a new
car? Do you wanna go gamble a little
bit? Do you wanna
buy this investment? Because you know, hey. If
shit hits the fan, I'm still covered. Like,
I have months of covered. Or if you're
retired, I try to keep roughly twelve months
in some type of short term vehicle.
(21:45):
Yes. It's earning some money, but let's have
the rest of that money focused on growth.
We're not gonna need to touch it for
more than a year. So you don't wanna
miss out on that opportunity. You can't go
run for the hills with all your money.
You gotta have that give take. I'm not
telling you you can't
have some safe money, but it all can't
be safe because the cost of keeping up
with that expenses and people are living longer.
(22:05):
I look at the pills I take. I
just got fish oil and joint health. I'm
putting collagen and protein in my coffee. Like,
my fat ass is gonna live longer. One
way or another, I'm gonna lose some weight,
and I'm eating healthy. You're taking supplements.
Better foods available.
Look. I might have been born when the
wood panel and smoking in the car was
still a thing, but, like
like, not our kids are gonna let probably
(22:26):
start putting up hundreds. Right? Like, they're they're
It it happens. I mean,
my my dad, his
father, and his uncles, they all died early.
And so my dad
didn't think he was gonna live that long.
He ended up living till he was 87.
And, you know,
fortunately, he was prepared
(22:47):
to to live that long, but there was
a period of time where he was not
living like he was
gonna last that long. Because in his head,
he's looking at his family history, and he's
like, yeah. I don't I'm not gonna live
that long.
Yeah. And I I think my father did
that. His his my grandfather passed when he
was pretty young, and his mom passed away
as well. So he's like, hey. I'm
Right.
(23:08):
Why save for retirement? We're gonna like, I'm
not gonna be there. Like, what
it's just one of those things. But
Yeah.
I I think a lot of people underestimate
how long they're gonna live. Right? Am I
telling you that where I felt like when
I was 30 or now 42, like, yes,
the my back hurt. And so one of
those memes is like, oh, I want my
favorite childhood memory was my back not hurting.
(23:30):
And,
yes, you're getting older. Yes. You might sound
like rice krispies of snap, crackle, and pop
when you get in the more up in
the morning, but you gotta focus that, hey.
You need this to last you long enough.
Like,
yes, cash CDs make you feel warm and
fuzzy at night,
but the long term wealth growth to to
keep up with inflation. Keep your lifestyle the
(23:51):
same. I I know people hate the word
inflation because it's such a mythical thing. It
makes no sense to them.
But if you wanna do live the same
life and or better
a year from now, five years from now,
ten years from now,
you have to
stay ahead of an of the those inflation
numbers. So if inflation is four, you need
to make five or more. Right? But if
(24:12):
it's eight, you're gonna make 10. If we
had a while there, it was only two,
and it wasn't a a big of a
deal. It was a little bit easier to
navigate. Right. But we've had some big numbers,
and
that was the other thing. People like, oh,
the price will go back down. No.
Like, these companies have to pay their they're
not gonna cut salaries or hourly wages on
people just because, oh, the cost of wheat
(24:33):
might have gone down a little
bit. The entire
food chain of stuff from the farmers to
the, like, the, like, the whole process is
more expensive. They're not gonna be like, alright.
Well,
different guys in the White House, let's cut
costs in half. Like, that's just not how
it works.
Like, once these hit these price points and
people continue to buy them, they're not going
back. Like, I don't expect to see Coca
(24:54):
Cola start selling sodas for $2 again.
Like,
you might see McDonald's. They I think they
do it on, like, their anniversary. Like, hey.
We've been in business for sixty years. They'll
do, like, the cheeseburgers for 10¢ because that's
what it was. Right. But they'll they'll throw
you 10 for a day. It's like Costco
with a hot dog. They're never gonna raise
the price, but they'll throw your bone here
and there to make you feel warm and
fuzzy.
(25:14):
Okay.
Alright.
So then what what can we take from
this? What is the bottom line? Bottom line,
if you don't have a plan and you're
just winging it and praying and your outcome
outcome is only to make money, you don't
know how much money you need to make
or what's an adjusted related return, or here's
another problem that a lot of people have.
They don't know what they don't they own.
(25:34):
Reason new client, they were 92%
stock in their four zero one k, and
they were telling me they're they're a conservative
investor.
Like, so if you have no idea what
you own and have no plan, when the
market gets crazy and the headlines get weird,
you're gonna panic and do something stupid.
You need to have a plan so you
can at least fall back on. Am I
on track? What do I need to stay
(25:56):
on track? And if I'm ahead of goal,
maybe I take a little risk off the
table. There's nothing wrong with saying, hey.
Let's gear it back, but you gotta have
a plan. You gotta know how much money
you need. You gotta know what you own.
And sometimes you just gotta turn off the
fucking TV.
Like,
it's
there's no better way of doing it is
(26:16):
they're not the news,
the Facebook headline, the news headline,
they're selling ads. They're not selling your retirement.
There's a big difference. And a lot of
times, just because you like the broadcaster doesn't
they don't give a shit about you.
You know, you're right. Having been in the
broadcasting business for
decades,
(26:37):
you know, we are looking at the news
headlines and seeing what we can talk about
and how we can
draw in either viewers or listeners depending on
what it is. So we look at things
differently. And,
right or wrong, we can have that argument,
but that's the business model,
(26:57):
with the media. We need to draw in
eyes and ears.
And if we can take a story and
we can mold it in a way that's
gonna get us more eyes and ears, that's
what's gonna happen. So you're right. You have
to be really careful
about where you get your information from.
Or at least verify. Right? Trust with verifying.
(27:19):
Like Right. A lot of times you see
these headlines, you have to dig a little
bit deeper. Like, don't Yes. Don't make a
knee jerk reaction off of a like, a
flashing like, you get the little pop up
on your phone that says, like, this headline.
You're like,
oh my god. There was one reason it
was like something at Disney closed. And they're
like, oh my god. They're taking away this.
And it's like, no. The restaurant had, like,
an issue. They closed for the night. Yeah.
(27:39):
But the headline made it seem like they
were done forever. I saw that headline. Yeah.
I know what you're saying. Alright, Nick. But
that's the downfall of technology for us. It
makes things harder to
take a deep breath. Because you see that
and you're like, oh my god. I can't
believe that's gone. And you're and then but
if, for instance, if you're that person that
just ran out and, like
and three swipes in your phone, you could
(28:01):
probably liquidate your account if you're doing it
on your own. It doesn't take that much.
But, you know, you pointed out the downfall,
but the the
upside is that there's so much information out
there. You can find out the information that's
going to help you,
and it just takes a little bit of
of of an effort. Yeah. And either you
(28:21):
put in the effort or you find a
trusted partner to cut through the bullshit for
you. Right. Okay. Very good. Hey, Nick. How
about some contact information? Alright. You got saintgeorgewealth.com
as a website. Nick@saintgeorgewealth.com
is the email. You have the calendar on
the website. Of course, you get all the
podcast. You got LinkedIn, Facebook, and YouTube.
And as always, you'll find coach Fluffy at
a ball field near
(28:42):
you. Alright, coach Fluffy. As always, it's, great,
talking with you and getting, some great insights
and information,
when we're looking forward to your next podcast.
And thank you for listening to today's Unf
Your Finances podcast. Please like, follow, and share
this podcast with friends and family. Until the
next Unf Your Finances podcast, I'm RJ Malik.
(29:07):
Thank you for listening to the Unf Your
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(29:27):
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(29:47):
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