The Fagan Financial Report

August 17th, 2025. 

Episode Transcript

Speaker 1 (00:00):
Good morning, and welcome to a special edition of the
Capital District's Money and Investment Program. You're listening to the
Fagan Financial Report. I'm Dennis Fagan sitting here with my
two sons. Wow, I'm Dennis Fagan sitting here, my son Aaron,
and a new addition to our show, Douglas W. Keenholtz.
I've been here just about a year, about eight or

(00:23):
nine months. Passed the necessary tests that he needed to
pass to begin to give advice to our clients. We
very happy about that. It's got a ton of work
experience in this industry, twelve years in fact, with Wealth
of Advisor Group, out of all being PKS Financial Services,
where he was the director of Operations, vice president, the
director of Operations. He had a PKS and the handles

(00:43):
out like the financial rep ad Wealth Advisor Group. Went
to RPI, graduated in ninety nine.

Speaker 2 (00:49):
Top of his class.

Speaker 3 (00:51):
Way to give away my age, Dennis, he was.

Speaker 1 (00:55):
Played baseball there once in a while. I guess I
looked into.

Speaker 2 (00:57):
The have a son who played baseball at RPI and a.

Speaker 1 (01:01):
Nephew, Sean actually got hits though.

Speaker 2 (01:05):
He's an academic, academic All American.

Speaker 3 (01:07):
Liberty the Liberty you know, ninety nine Liberty League MVP.
No big deal, you really yeah, I was wow, it
was what did you hit?

Speaker 4 (01:17):
That's a good question. I think just over four hundred, Like,
you're really nice.

Speaker 1 (01:21):
It kind of walks at that point a pretty good,
pretty good, it's really good. Nice nice, and uh, you
are a big sports fan, although you're not a gardener, right.

Speaker 3 (01:29):
Not a gardener.

Speaker 1 (01:30):
No.

Speaker 4 (01:30):
I was told that that we would lead off with gardening,
and I have nothing to bring to the table in
terms of gardening other than Aaron did bring in a
cucumber which was the largest cucumber I've ever seen, which
we enjoyed over the weekend, both eating it and in
a in a nice cucumber cocktail which was which was lovely.

Speaker 3 (01:45):
My wife and I so.

Speaker 1 (01:47):
So Doug does drink, at least his wife does. At
least his wife does.

Speaker 3 (01:52):
So we're then known.

Speaker 1 (01:53):
Thrilled to have Doug with us for sure, and on
the show. Brings a lot of experience and talent to
our organization. Been in business. I think it's the twenty
first of Auguster, so it's thirty six years. Yeah, I
was twenty eight, so it's good to have.

Speaker 5 (02:07):
I was just I was just being born. You decided
to go out on the limb and start a new
business when you know, I was born well.

Speaker 1 (02:15):
Before you were born. Before you were born, we figured
Mom and I are so good looking, we'd have a
good looking kid. We can use him as a model
that many of you were born. Mom says, you better
get a find work elsewhere. So anyways, well that's it.
There were Doug Douglas's gonna be like the uh.

Speaker 2 (02:31):
The color Guy.

Speaker 1 (02:32):
Is that what you go?

Speaker 2 (02:33):
No?

Speaker 4 (02:33):
No, well, so I so I pitched you guys on
a little idea here. So I'm a I listened to
a lot of podcasts I like. I like The Median
and a medium excuse me, and a lot of times
it's you know, sports related for me, but also other
other podcasts I find interesting. And one of the things
that that I think is people are drawn into listen
right for the content, Like they're interested in, you know, money,

(02:54):
investing all those things along those lines. But but one
of the things that keeps them, you know, interested, is
you know, knowing more about you guys and whatnot. And
so I asked, I think at some point, if you
guys had ever done like an interview podcast or an
interview episode of the of the radio show where you
kind of answer some questions about you know, the business,
yourselves personally, some fun stuff.

Speaker 3 (03:13):
Things along those lines. And so.

Speaker 4 (03:17):
I think you guys always looking for content we help
get through these shows. Yeah, hope hopefully the listeners enjoy
learning a little bit more about Dennis and Aaron and
uh and what makes this place run and uh and successful.

Speaker 3 (03:30):
So uh, you know, that was kind of the idea.

Speaker 4 (03:32):
And without further ado, unless you guys have anything more
you want to talk about on the top, I can
kind of dive into it. So I think we'll we'll
kind of try to like veer between a little bit
of like, you know, business questions, things that people might
find interesting about you know, this industry as as a business.

Speaker 3 (03:47):
Also you know, personal stuff.

Speaker 4 (03:49):
About you guys and your careers and how you got
to where you are, and then maybe.

Speaker 3 (03:52):
Some fun stuff that we'll sprinkle in.

Speaker 1 (03:54):
We'll do the same on you a little bit. Yeah.

Speaker 4 (03:56):
Sure, I'm happy to happy to partake as you guys
see fit. But nobody knows me out there, so they
as I did. I did make my debut a while back,
and I'm sure people you know underwhelming.

Speaker 3 (04:09):
Yeah, I guess.

Speaker 4 (04:10):
I'm sure there's a lot of people out there that
have that podcast that was a bookmarked and go back
and reference.

Speaker 2 (04:14):
To your mom.

Speaker 4 (04:17):
I don't think my mother actually listened. They had a
couple of people tell me they listened. But I'm not
my mother. She already knows enough about me, all right.
So anyway, so diving in, I think you know, one
of the interesting things to me is is I'll be
curious and I'll start with with you, Dennis, is is
what do you think sets Fagan associates Fagan Financial apart
from other financial advisory firms either in the area nationwide, Like,

(04:39):
what what do you think is a differentiator for for
us and what we do versus versus other folks.

Speaker 1 (04:44):
Well, one of the reasons that, well, I must say that,
you know, having five other people here other than the
three of us, you know what I looked for in
in in having people work for us is their values.
You know, there their concern for their family, their concerned
for their community. In fact, we met at an organization

(05:06):
or an organization that the charitable organization that you were
on the board of so and we had known you
three or four meetings before we Aaron, and I even
talked to you about that, and we thought you were
intelligent and b you know, you're community minded and a
family guy and and and that's kind of what we

(05:26):
look for. And I think what separates us from other
companies it's it's basically and air. Please add at the end,
you know that that. Yeah, yeah, we're fiduciary. You hear
that all the time, So we're legally obligated to do
what's in the client's best interests. You know, we clear
all our accounts at Schwab, so we we cover all

(05:47):
the basis that that makes us a safe company to
invest in. But I think what makes us difference is
you know, I've been here, started this business in eighty
eighty nine, so thirty six years. We've been feed driven,
or since nineteen ninety or ninety one, when and when
a lot of people are doing commission, we're still one
hundred percent fee driven. Now Schwab has no trading costs.

(06:10):
So I think all those things are good and a
lot of companies can do that. But I think what
makes us different is our literally, you know, our concern
for our client and our concern that we do the
right thing for our client with no if sands or buds,
and our and our concern when when the market goes down,
that our client can stay the course through difficult times
that are sure to come. Like it's like I often say,

(06:31):
investing is like a good marriage. You know, I'm sure
my wife Carol doesn't wake up every day next to
me and says, thank God I'm here, you know, once
in a while. I'm sure maybe maybe not, but once
in a while she probably says that. So what do
you think, er, No.

Speaker 5 (06:43):
I can't honestly along the same lines when you know,
we when I had to go through you know, my
master's program and just schooling in general. You know, you
do a lot of uh work on you know, valuing
a business, how to value a business, how to increase margins,
all those things, and you know, here whenever we hire

(07:04):
someone or or do work for people, you know, what
really goes through my mind is how we can take
care of our clients better. It's not to increase margins,
it's not to increase revenue. It's really like, how can
we take care of our clients more? And I think
I think that's the you know, the focus on our
business that I think makes us difference. You know, we
really do focus on our clients, whether it be communication,

(07:25):
whether it be their portfolios, how we can help them
from you know, a holistic plan.

Speaker 2 (07:29):
It's like, you know, I think what we.

Speaker 5 (07:31):
Do well and you know, if you looked at it
from the outside, like valuing our business, maybe they would say, hey,
you should do that more. But you know, I really
do think we put our clients first and really think
about them when when we when we with everything, you know,
and I think that's I think that kind of does
set us a part too.

Speaker 1 (07:50):
And then yeah, I mean they're not numb bugle the time.
But I think that Doug is a great addition. You
look at Aaron Ryan with operations in what he's brought
to the table. Uh, Mary Seanger, she's been here thirty years.
We picked up Jacqueline Samantha. You know, all these people
are intetty.

Speaker 5 (08:07):
You know, yeah, picky with hiring if we want to
hire people that I think portray the same values that
we have, and and that I guess translates over to
how our employees treat our clients.

Speaker 1 (08:20):
You know, the knowledge is a given kind of too.
I mean you have to have a certain level of
knowledge that then you build on them. So curiosity, I
think is what we look for and I think that
separates us. And you know we we we team with
other professionals, CPA, tax repair, couple attorneys, a compliance so
so we have all those bases covered. And I don't
mean the downplay that side of the what we can

(08:42):
provide for clients, knowledge about social security, all that stuff
we can do. And Doug brings a lot to the
table as far as systems and uh uh you know
excel and and you know he's become very proficionalistic, holistic
planning and then the like. So I think we're I
think we're in good shape and I think like to
answer your question, I think that's what set prices.

Speaker 4 (09:02):
Yeah, and I'll I'll just add one thing as the
newer member. Here is one of the things that struck
me my first you know, couple of weeks here is
when the phone ring is Dennis answered it about seventy
five percent of the time on the first ring, which
is probably not something I would say at other other films,
you know, certainly of the of this size in terms
of you know, money managed and things along those lines,
which is you know, an unbelievable thing. And despite all

(09:25):
those wonderful people that he that he mentioned that that
work here, you know, he's still he still answers the phone.
And I think that's a huge differentiator to me, is
that you know, if you call here, you're always going
to get you know, someone on the phone as a
person and quickly, and if you know one of us
isn't available, you know that someone's gonna cat back within
within the short period.

Speaker 3 (09:45):
Yeah, yeah, good part along those seam lines.

Speaker 4 (09:47):
So I think you know, obviously one of the things
you guys talk about on the show, and and certainly
AI is is a big, you know, huge part of
the economy these days. And with that with this industry,
with with our indust you know, there's there's robo advising,
and there's a lot of people that you know that
want to and think they can do this on their own. So,
you know, not just with faking associates, But what are

(10:09):
some of the reasons that you guys think. I guess
we'll start with Aaron on this one, that that people
still it's important for people to still have an advisor
in their life, someone to help them with their financial world.

Speaker 2 (10:18):
You know, I think that you tackle us a couple
of ways. You know.

Speaker 5 (10:22):
I think one of the biggest values that we have
to clients is, you know, one of the biggest threats
to your portfolio is making the wrong move at the
wrong time. And I think if there's a chance that
you make the wrong move at the wrong time, or
the market goes down, or when the market goes down,
or is it a pullback or a correction, and you know,
you do go to all cash or you do raise
cash and you're not supposed to, you know, I think
that's you know, a good reason why we're here to

(10:45):
you know, to to help people against themselves a little bit.

Speaker 2 (10:48):
You know. On the other I guess side is, you know,
there's a lot.

Speaker 5 (10:55):
Of things that we do that that artificial intelligence can't
do or can't do yet. There it be you know,
investment planning, you know, a state planning, you know, life
planning a little bit.

Speaker 2 (11:06):
You know.

Speaker 5 (11:08):
So I think those are some of the things that
I guess separate us out from I guess the robo
advisor yeah of the world.

Speaker 1 (11:14):
And I think, you know, there's lots of exercise schedules
that we've all made. It's not making the schedule or
the diet or or or whatever, you know, read more
or whatever. It's the execution of that during difficult times.
For whatever reason, you get too busy, so you don't
work out, you get to you know, eat poorly, you know,
you don't read enough because you're and I think, you know,

(11:35):
lots of plans are a dime a dozen, you know,
but I think executing that plan during difficult times, I
think is what we excel at. We push out two
pieces of information to our clients every week. Both you
guys work on that a lot. One's the chart talk
that goes out every Wednesday or early Thursday morning. That
kind of takes the chart and explains the chart like
a chart that's topical. Let's say the CPI consumer prices,

(11:57):
if the inflation is that on the front burner him
in the news or whatever. And then we explained that.
And then on a little on Saturday morning or Sunday morning,
you know, Aaron Ryan and Samantha Daud kicked that out
a little review preview of the markets and and kind
of the news that made the market during that week.
Uh so, so so we do that as well.

Speaker 5 (12:16):
Yeah, and you know, I think I have yet, I
haven't been nervous about artificial intelligence and robo advisors. Yet
you know, I'm more excited about what it can help
bring to our clients, whether it be investment planning, portfolio strategy,
you know, research content like you know, I think we've
already seen a lot of you know, pluses from this

(12:36):
whole artificial intelligence movement, as opposed to, you know, really
being nervous that you know, robo advisors will take our job.
I think you should always be nervous about you know, competition.

Speaker 1 (12:49):
But you know, the older I Captain Smith of the Titanic,
he should have been more nervous. We should have only
the paranoid survived. Yeah, Andy Grove CEO. Great.

Speaker 2 (12:58):
But the older I get it.

Speaker 5 (13:00):
I'm thirty five, is I'm starting to see my you know,
peers and friends ask me more questions about those things
that I never thought would happen. You know, the more
money people get, the more people know that, like, all right,
it's your family, it's I guess, your faith and your money.
You know, it's really it's one of the most important
things in your life, so you know, to trust you know,

(13:23):
I guess a robo advisor with yeah, one of the
top five I guess important things in your life is
going to take a lot.

Speaker 1 (13:31):
Well that they could get there one day, Well it
could it. I mean, you hear all the time it's
different this time, Well it's different this time. What does
a I what can AI? It can only tell you
that the likelihood of not being different this time is
very minuscule. Right, So and then someone's going to say, well,
it is different this time. How many times have you
heard that you know that that is different this time?
What do you think, Doug? But in two cents?

Speaker 4 (13:51):
Yeah, I've you know, you kind of hit on it earlier.
I think that you know, certainly when when times are tumultuous,
people want to have someone to talk to, Like you
know that that someone isn't necessarily an AI robot that
you can type something in and they respond because there's
still an interpersonal nature of that. And so the idea
of like talked about a man ago, then it's answering
the phone seventy five percent of the time or people

(14:12):
just being here. People expect that Yeah, no, no, no, I
don't want to. I said that was when I started,
but yeah, anymore, But no, I think just the psychology
of this profession is is you know, while the investment
knowledge and the you know, the idea of how to
manage manage you know, money for people is is certainly
a paramount, it's also a psychology of of dealing with clients,

(14:35):
especially during during hard times, that there's a skill that
you know, certainly is is refined over time and and
I think that's that's a key reason why people you know,
still should want like I always say, like I I
know that I could probably teach myself how to change
my own oil, but I'm still going to go to
Jiffy lou.

Speaker 3 (14:51):
You know, I'm not gonna uh not going to risk.

Speaker 5 (14:55):
Yeah, it is an intimate relations clients that you know,
very personal.

Speaker 2 (15:00):
We were talking about this earlier.

Speaker 5 (15:02):
You know, you know a lot of these companies have
like model portfolios, so you have this model, this model
of this model, and we really tried to create customized
portfolios for every single person because we know that that
person so intimately. So let's say they want fifty percent
of their money in the market. You know, we know
what fifty percent in the market looks like as opposed
to another client.

Speaker 2 (15:21):
You know, if they want more.

Speaker 5 (15:22):
Johnson and Johnson into the world, are Berkshire is as
opposed to Microsofts and Amazon. So we really try to
create a customized portfolio that, like, you know, it's it's
about performance, but it's about you know, we try to
create a portfolio that people.

Speaker 2 (15:34):
Can live, can deal with mentally.

Speaker 5 (15:38):
Some people are like, hey, you know, I can deal
with the twenty thirty percent pullback. Some people are like
that would really you know, freak me out or scare me.

Speaker 2 (15:45):
So we try to really.

Speaker 5 (15:46):
Build a portfolio that like that has the highest chance
of success for each person.

Speaker 1 (15:53):
Right, it's your point, everyone has a plan into their
punch in the face.

Speaker 4 (15:55):
Yeah, yeah, absolutely, Okay, a little bit more of a
personal nature, I guess. So, you know, obviously I start
with you, Dennis. You've done thirty six years in this business.
If you weren't a financial advisor, what do you think
you'd be?

Speaker 1 (16:09):
Gardner. I would like to own forty acres. I've been
on the Mount of Cello down in Virginia. You remember
we were down there growing up. Yeah, and they have
a tiered garden. I liked. I like the outdoors. We'd
like to hike are and I hike a lot more.
Socking again with Jude, Yeah, your son and then esme
at some point in time. I don't know, I like

(16:29):
a forest ranger something like that. You know. I thought
I was going to go to a Coast Guard academy
when I got out of high school. That didn't work out,
so I went to Colgate. Nice.

Speaker 2 (16:40):
How about you, Aaron history, I would like to be
like a story.

Speaker 1 (16:43):
Yeah, that's a good point.

Speaker 3 (16:44):
Yeah.

Speaker 5 (16:44):
I did my undergrad in history. Then I got my master's.
But I do love history. That's kind of why I
like this job. You know, the research, you know, economic research.
But now I you know, I like a lot of
economic history.

Speaker 2 (16:54):
Now, so I've kind of your master's not in history
right now, it's in you know, finance. Yeah, but uh yeah,
you know I like history.

Speaker 4 (17:04):
And Doug, you got your BS in uh yeah, my
business management with the yeah, everything that RP I always
has like a technical bent to it. So it was
a it was a school of management. But then I
think my concentration was like financial systems, which was more
like you know, kind of the you know, the computer
systems and things along those lines that the financial companies
used to to manage their business.

Speaker 1 (17:24):
What about you?

Speaker 3 (17:26):
My answer was always short stout for the Yankees, growing up.

Speaker 4 (17:28):
Yeah, but I think you know that that ship sailed
a long long time ago, and the ship actually never
left the port. Obviously you didn't play short and you
played I did my my junior senior ye at RP.
I played chorice field or my uh yeah, I was
shorted up growing up. And then my first two years,
my first year I think five at bats I think.
But then my second year, my sophomore, I played the
right field and then I played chort yea the great positions.

(17:52):
Now I think i'd choose I'd like to be on
the PGA tour. So but that we're we're very very
far away from well, all right, this is kind of
I think interesting. So what in your experience then is
thirty six years and what's your favorite stock of all time?
Your favorite stock either because you got it on early

(18:14):
and it was great, or just the company.

Speaker 1 (18:17):
Made a ton of money in technology, you know, a
ton of money in and Nvidia a ton of money,
and Pallunteer thanks to Aaron, both in Vidia and Pollenteer.
In fact, those are those are probably two huge winners
for US ten twelve, fifteen times what we paid for them,
you know, probably Apple mm hm, we got him. We
got him very early on that we still own. It's

(18:37):
PYA our third or fourth largest holding. I think it,
you know, and then there's other companies. But I think
if you think of American industry, what has represented America
and what America stands for UH as far as publicly
traded companies, I think Apple is a good representation of
that UH and their leadership throughout the years and their growth.

(18:59):
A couple others might be pretty much in technology, like Microsoft,
Nike reminds you of my brother, Yeah, you know, you know,
so those are some I'm sure I'm missing some there.
What are something?

Speaker 2 (19:10):
Yeah?

Speaker 5 (19:10):
You know, I would say mine personally is in video
just because we've owned it for probably a long time.

Speaker 2 (19:18):
Probably eight years or so. We have some people less
than a dollar.

Speaker 5 (19:21):
But it was also like the first, you know, when
I first started here, you know, and I still am
like an extension of you, but it was like the
first stock that I did a lot of research on.
You kind of trusted me to put in people's portfolios.

Speaker 2 (19:34):
So, you know, it kind of reminds me of that.

Speaker 1 (19:38):
It's not in every portfolio. I think people have to
realize when they when they listened to the show we
talked about in video. They might say, well, why don't
I have in video? Well, because what Aaron was saying earlier.
It might be because you're maybe we didn't think you're
temperament allowed for it, or maybe you have Microsoft and
Amazon and you know different components of that, maybe have
Palenteer or maybe maybe just not you know, that's not

(19:58):
an appropriate stock, you so I think people should know that.
But those are some and you know, but I have
also you know.

Speaker 3 (20:05):
That was gonna be what's your least favorite?

Speaker 1 (20:06):
Well, you know, you know you often say you win
by a point, you sell, but you lose by a
point you go to watch the video right right, you know,
so the least favorite stocks are the ones really that
we probably cut our teeth on, and more so mean
than Chris because my brother Chris was always very conservative
back in the late nineties. I was not as conservative
conservative person for sure as far as my lifestyle whenever,

(20:29):
I'm not talking about political beliefs. But you know, like
a CMGI and vertical net plug power, you know, we
we we lost a ton of money for clients on
those not not like you see now where they go
to zero, but certainly we've lost twenty thirty forty percent,
uh and so and my and my least favorite stocks
in general are the ones that they that that really

(20:50):
are just like the total momentum a lot of fluff,
and you know, people might make thirty percent of those
for a while, but they're gonna lose their shirt eventually.
In fact, that's what scares about the market a little
bit today is those there's gonna be people who are
going to kick themselves in the next two or three years,
not not about Microsoft and the video probably, but about
some of the other companies that are just flying way too.

Speaker 5 (21:11):
High, right you think Intel not least Intel, Yeah, you know,
because I feel like I did a lot of research
on it, and I was really confident that it was
a nice value, it had a lot of uh had
a nice dividend, it was in a sector that would
come up.

Speaker 2 (21:25):
And I was so wrong, you know.

Speaker 5 (21:27):
So that's I think that's why, you know, I felt
so right but was so wrong.

Speaker 3 (21:31):
Yeah.

Speaker 1 (21:32):
Yeah, And it's different between being wrong, I think and
then the market like handing you a defeat itself, like
you know what I mean. Like like let's say a
picture throws a good pitch and you and you get
it home run. That's fine, the pictures real good, but
you got on top of it. Uh So I don't
into Intel, you know, like what bothered me about Like
United Health. That's a good company, you know, we just

(21:54):
and there's a couple of things going on with it. Vertex.
All of a sudden, you're you're handing something that you
really didn't expect. And I think those are the ones
that you.

Speaker 5 (22:01):
Remember just doing this for like fifteen years. I wish
I had all our holdings in front of us, because
you just have a recency bias.

Speaker 2 (22:08):
Intel was like two years ago.

Speaker 5 (22:10):
But you know, yeah, like I wish, And I know
there's some names in my head that when they cross
on CNBC, it's like, uh, I'm just never going to
touch it again, you know, because you have a bad
taste in your mouth from when you did, even if
it was seven or eight years.

Speaker 1 (22:23):
Dog's least favorites gotta be Pen National Game.

Speaker 4 (22:27):
That's easy for me to answer, Yeah, it is, Yes,
that is my least favorite stock.

Speaker 1 (22:32):
Some of the ones you just cut your teeth onto,
you know what I mean. Yeah, And this is.

Speaker 4 (22:36):
A little niche niche, but but Aaron, I don't know
if you've ever talked to on the show. But Aaron,
Aaron has a superpower that he can name every ticker forever.
So sorry, it must have been out of the room
when when Aaron sung his own praises on that.

Speaker 3 (22:51):
But so, what's your favorite ticker?

Speaker 2 (22:52):
Some a Harley Davidson.

Speaker 1 (22:56):
Yeah, that's gotta be yeah.

Speaker 2 (22:58):
David Busters is play. I think I like that.

Speaker 3 (23:01):
I like those.

Speaker 1 (23:02):
Yeah, you know you know what three m is?

Speaker 3 (23:07):
Mmm? Actually know that one? Yeah?

Speaker 1 (23:10):
Which you have a favorite taker?

Speaker 3 (23:11):
No, I don't think so. I don't. I agree, though,
I that's just that's just Doug.

Speaker 1 (23:17):
Doug gave you the questions first, didn't.

Speaker 2 (23:20):
I knew that was going to come out. No, I
didn't know that was.

Speaker 1 (23:24):
Going to I think I've about forty seconds left.

Speaker 3 (23:26):
All right, great.

Speaker 4 (23:27):
I think I've tried to stump are in a couple
of times, and I think I came up very obscure.

Speaker 1 (23:31):
Company.

Speaker 5 (23:33):
Give me like the top two hundred companies, you know. Yeah,
there's a lot of like Wentworth Financial that I wouldn't
know the ticker to the seven letter.

Speaker 3 (23:43):
The ones that uh don't don't resonate on a daily.

Speaker 1 (23:46):
Basis, just about doing it. It's ten thirty on the
station depend upon for news, weather and information, news talk
A ten and one O three one w G Y,
Good morning, and welcome back to the second half five
of the Capitol District's Money and Investment program. You're listening
to the Fagan Financial Report on Dennis sitting here with
my son Aaron and Doug Keenholts. Who is He said,
But you know, if you're just joining, and he did
about three weeks ago, you know, you guys should do

(24:07):
something that gives a flavor for who you are, what
you do, and then the business and the like. And
first half hour was great, Doug, Thank you very much.
And Doug's been with us for about nine or ten months.
But as as you heard in the first half, he's
been in the business about you know, thirteen or fourteen years.
He's got his bs from a lot of different ways,
but the one of specifically speaking about RPI at there

(24:28):
you go in this all in this whole office. So
thanks Doug, thanks for doing this.

Speaker 3 (24:32):
Yeah, my pleasure hope more than the future.

Speaker 4 (24:34):
Yeah sure, you know, happy to have as long as
the reviews leave leave good reviews, you know, don't tell
me I got one one bad review.

Speaker 1 (24:43):
So far.

Speaker 3 (24:44):
We gotta we gotta change that, change that percentage a
little bit.

Speaker 4 (24:47):
So all right, if you guys are good, we'll keep
we'll check out in. I gotta more questions here. So
another another on the business side. So you know, started
again with Dennis on this one. So in your thirty
six years in this business, what what period stands out
to you as the most challe Obviously we've gone through
a pandemic and tech.

Speaker 3 (25:03):
Bubble and all those other things.

Speaker 4 (25:04):
But what period you know, either from a professional standpoint
or even from personally. But obviously you know with Chris
and everything like that, But what what period was the
most challenging for you in this in this business in
terms of how clients reacted.

Speaker 1 (25:15):
Well, I will I will give business and personal. I'll
give the business part because I think it was the
collapse of the Nasdaq in two thousand and two thousand
and one. The NASDAC had gotten a five thousand, five
thousand and forty eight or so. In March of two
thousand and I remember kind of we were. We were

(25:38):
in we had gone overseas actually for your first trip
ever overseas, you were thirteen or so, and the market
was it was down twenty five percent, and maybe I'm
a little bit wrong on the on the numbers, but
down twenty or twenty five percent in a month or so,
and we were over I think in April, and Mark

(26:00):
was collapsing, and but it got It got from from
five thousand and forty eight down to little over eleven
hundred in NASDAC. And it's a lot different today because
the NASACA was probably seven or eight or nine percent
of the S and P five hundred. Now it's you know,
forty or forty forty percent technology, I mean forty percent
of the sm P five hundred. So it's much more
integral in the companies today. It was clicks and ticks

(26:21):
back then, or eyeballs. You know who was who was
viewing things and they you know, if you had a
lot of eyeballs on your site, then that was a
good investment. And these companies weren't earning any money. Fog dog.
There's tons of them. I mentioned CMGI and Vertical Net
and there's tons of companies. Went. Amazon went from one
hundred dollars a share to five dollars a share. But
because Amazon wasn't the Amazon that you're here today. And

(26:43):
I think we were too you know. And again I
would say myself more than my brother Chris, probably had
too much of even the Amazons and Microsoft's in the world.
There insteaded many times. And I know you've you've he
shared it with you, Doug. Microsoft went nowhere for about
fourteen or fifteen years. The stock Intel hasn't surpassed where
it was. Dell Computer was taken private Oracle Cisco Systems.

(27:07):
They took ten, twelve fifteen years to reach their old peak.
And no, I don't think we're there, but I do
think that it's you know, there are some companies that
are overvalued and you just got to you know, you
always protect your downside. The upside will kind of take
care of itself, just like life. Personally, It's sure, it
certainly was probably you know, my mom passed away, my

(27:28):
dad passed away, not not expectedly, but when you're in
your eighties or nineties or whatever, that happens. Certainly my
brother and from a personal perspective, and then the challenge
of you know, getting over you know, working through his
sickness and still you know, making sure that all of
our clients were taken care of, and then bridging the

(27:50):
the the abyss so to speak, from when he passed
and then moving forward. So I think that was it.
I mean, yeah, we've had other losses that are life personally,
I want to diminish those, But think from a business
and personal together challenge, Yeah, what do you think?

Speaker 5 (28:04):
Yeah that you know, from a business standpoint, it's mostly me.

Speaker 2 (28:08):
It's for investing.

Speaker 5 (28:09):
You know, you really did the hard part getting us
to where we kind of were at, you know, got
us over that hump of being a new business. Obviously,
I would say from a business investment standpoint, I would
say the first half of this year was you know,
maybe I have some recency bias. COVID happened so fast
that it was just like you're kind of like in
a whirlwind the entire time, and we stayed invested. This

(28:32):
this year has been tough from an investment standpoint. As
I was talking about, you know, I I do like history.
I like drawing parallels in history from you know different
I know, history doesn't what do they say, it doesn't repeat,
but it rhymes, and you know, all the things that
went on with the tariffs and everything this year, it
was frustrating because you really couldn't draw parallels on what

(28:53):
happened in the past, so you know, you're trying to
you know, oh, well this happened, that this can be
like this, in this, in this, this could be like this.
But it was hard because you know, there weren't that
many parallels, like this is a new economy that we're in,
even continuously going forward. You know, it's it's tough because
you know you have to you value companies and then
you see what's going on in the economy globally, you know,
globally with this global economy that you know, how does

(29:16):
this play out in five ten years from now? And
I still think there's a lot of question mark. So
I think that's I think like currently it's a it's
a hard time to invest, and it's weird saying that
with the market being up what's seven percent this year,
but you know, it's it's a it's a weird it's
it's a hard time to invest because there's so much
optimism and artificial intelligence and you can say on shoring
of jobs, but there's not very many parallels to draw

(29:38):
this from, right, So I talk about on the show,
I think it opens the door for black Swan events
or something happened that we don't really know.

Speaker 2 (29:45):
Yet because of I guess all the.

Speaker 5 (29:49):
You know, things that have gone on, So you know,
it's it's it's I'm happy that the market's up, and
I think it's going great. I think there's a lot
of innovation going on, and we're seeing like eighty billion
dollars a year spent on this large attach companies, So
I I have a lot of optimism there. But you know,
it's hard in that you don't know what's going to happen,
you know, globally the global economy shift.

Speaker 1 (30:11):
I think we've never lost sight of the fact that
the best way to wealth is through equities. So either equities,
you know, and you're basically owning a piece of that business,
certainly a minute percentage of like a Microsoft or whatever.
But now that's how you gain wealth over time. And
to kind of think that you're going to outsmart the
system over the short term I think is so even
if we were had we're on different side of the equation.

(30:33):
As far as what we think was going to happen
to the economy, we never change. We might we might
raise a little cash if we become barish or deploy
that cat should become more bullish but we're never We
never are the market's going to hell in a hand basket,
because that's arrogant to think, you know, what's going to happen.
You can't quantify, you know, it's hard to quantify human behavior.
And I think we've always believed that and it's kind

(30:55):
of kept our our you know, our focus. Really. How
about you? You got anything?

Speaker 3 (30:59):
No, I you know, I think for me, you know,
I we've talked. I started.

Speaker 4 (31:04):
You know, I've been in this industry for the last
thirteen or so years. You know, I was spent the
first thirteen years in my career completely different industry. But
you know, saving, investing, doing all those things. And I
can remember, like I think it's before I started here.
The timeline might be a little off, but when the
financial crisis, when Laman Brothers closed, and when all that
stuff was going on, like as an I would say,

(31:25):
an amateur investor at that time, like that was very
nerve wracking.

Speaker 3 (31:28):
It was like what do we what do I do
in terms of that, you know, that period of time.

Speaker 4 (31:34):
I think you know a lot of times the news
has a way of, you know, just creating this fervor
that people you know, who aren't as close to it
as certainly we are, you know, living in an every
day those periods can be very hard for the general
public to understand that what's going on in one of
the factors and am I going to lose all my money?

Speaker 3 (31:53):
Vision I can remember that.

Speaker 5 (31:54):
Period, and I think, you know, just from a business standpoint,
this is a hard business and it was hard for
me to get used to from from an investment standpoint
that if you have a diversified portfolio, you're always going
to be wrong on some things, if you have twenty
twenty five stocks in.

Speaker 2 (32:08):
Your portfolio, and that's hard.

Speaker 5 (32:10):
You know, you're kind the you know, the constant uh
you know, you constantly have you feel a little stupid,
you know, you constantly have imposter syndrome from you know,
having a diverse fried portfolio and you are wrong. You know,
you know, you're not always right on every single stock
that you pick for people or sector that you pick.
So I think that's an it's an ongoing you know,

(32:30):
mental stress that you have, you know, dealing with that.

Speaker 1 (32:35):
And sometimes you're wrong over time and sometimes you're faced
with things quickly.

Speaker 2 (32:39):
But it's no finish line too.

Speaker 1 (32:43):
People say that, well, why do I have this, you know, Well,
then just have one stock, Well, just have Apple. You
can't just have one stock? Well, didn't have two? Well
you can't just have to Well, so what's you know
what I mean? But no matter what number you put
in there, you're always going to be wrong because one
only one's going to do the best right. And everybody
wishes they had in video, everyone wishes they had whatever.

(33:03):
But that's the way it goes, you know. Yeah, But
it's it's it's it's the overall portfolio measured against the
indusices and and and taking into consideration you're the level
of risk that you're willing to take to get those returns. Right, Yeah,
you get to Montreal quicker if you drive ninety Okay,
then seventy?

Speaker 4 (33:20):
All right, Aaron, describe your perfect Saturday.

Speaker 2 (33:23):
Oh I'm in like the big family time of my life,
you know.

Speaker 5 (33:29):
So, I mean I gotta go to CA's Pizza And
that's huge with me right now?

Speaker 2 (33:35):
Maybe you know, wake up, go I love going for walks.
Go for a walk.

Speaker 5 (33:39):
Uh, you got your family with get my get get
grab my family, go to the Alehouse for lunch.

Speaker 2 (33:47):
You know, maybe going on all these.

Speaker 5 (33:51):
Ads, all these free ads, maybe case for dinner. You know,
so that's kind of that'd be my perfect saturday.

Speaker 1 (33:58):
Really.

Speaker 2 (33:58):
How about you've done some garden and.

Speaker 1 (34:00):
That's a little guard. I'll usually go up back in
the morning, very early, you know, check depending upon what
time of year is obviously you know, got back, I
usually see you and then hids will probably maybe stop
up to see Sam and her kids. She's got two
twins that were born three months ago. I'll stop at
Lea's CAKERI and round lake.

Speaker 3 (34:15):
Yeah, another free ad.

Speaker 2 (34:17):
Got a Berliner.

Speaker 3 (34:18):
Oh it was so good.

Speaker 5 (34:20):
Yeah, he's something like that. Maybe go to Grafton with
with Jude and name you.

Speaker 1 (34:25):
Just got a new pool of.

Speaker 4 (34:30):
Well, I mean really a perfect saturday about Oh yeah,
a couple of beers in the house probably involved, get
up early and go play golf, you know, a little
a little free free time for me. Yeah, play golf
my buddies, hopefully play well, have a couple of beers
after and and enjoy that time, and then come home
and maybe jump in the pool with the kids, have

(34:51):
some family time and then and then go out for
a next dinner somewhere.

Speaker 3 (34:54):
I'm not gonna give a free ad.

Speaker 5 (34:55):
Though.

Speaker 3 (34:58):
I would be I would be there in that's for sure.

Speaker 4 (35:00):
That's for sure, all right. So then so start back
with you. So, if you could give your prior self
one piece of advice as you were starting in this business,
what would it be as.

Speaker 1 (35:09):
I was starting business wise? Yeah, I would say, always
put the always put the client first. You know, you'll
make it over time. My dad always said that. My
dad was in the insurance business. Uh, and I worked
with him for five or six years, probably just starting
out of this. I would say, always always put the
client first. And in a hard, intelligent, ethical work is

(35:30):
always rewarded in some fashion, even if you don't make
it in business, you're never punished for working hard and
being ethical and doing your best.

Speaker 3 (35:37):
Rip.

Speaker 1 (35:37):
Yeah, that's what I would say.

Speaker 5 (35:40):
And you start this business, keep learning, Yeah, you know,
have self aware and you know, I think you have
to have self awareness in this business. I think that's
you know, always think of how you can do better.
And I think what you know, I think what you
said is what you've always driven home, especially in this
business or no any businesses. You know, be ethical, don't
make up, don't think you know an answer, and give

(36:02):
the client an answer, you know, tell them you don't know.
If you don't know, yeah, be ethical, be truthful, and
and work hard, you know.

Speaker 2 (36:09):
I think all those things are along.

Speaker 4 (36:12):
And what was that was my question for you? And
was what what's the best piece of advice your father
has given you so far in this business?

Speaker 2 (36:18):
Always tell the truth, you know, Always be up front
with clients. Be candid.

Speaker 5 (36:23):
If you don't know something, say you don't know, and
you'll find out later. And I think that that is
the best piece of advice that I've gotten. I think
it's important in this business.

Speaker 1 (36:33):
I will say, it's eighty degrees outside. We have a
new section and an old section. The old section which
our studio is in, has no air conditioning. It's nice.
Too bad we have we have a window air conditioner
that we had to turn off.

Speaker 5 (36:47):
Yeah, and give three own men in in one room.

Speaker 1 (36:50):
This is this is the room. This is about the
size of my bedroom growing up. Honest to god, maybe
maybe maybe a half a size bigger than this. I
had two brothers.

Speaker 3 (36:58):
I was gonna say, you're all that was. It was
just one person is bigger than one person. But if
you're in the same room, yeah.

Speaker 1 (37:06):
That's no a C.

Speaker 3 (37:08):
Yeah, that's great.

Speaker 4 (37:10):
Anyways, all right, let's uh, we'll get I'll call this
section a little quick hitters.

Speaker 3 (37:14):
We'll get to some fun, some more fun to get
some of the.

Speaker 1 (37:17):
Work pivoting down and through my lens and all that
stuff that the jargon. You are doing.

Speaker 5 (37:22):
Great job, Doug place Switzerland in the office anymore.

Speaker 1 (37:27):
Maybe the first to or can get.

Speaker 3 (37:29):
I'm getting a little more comfortable. All right.

Speaker 4 (37:32):
So we talked beyond investing in money and all the economy.

Speaker 3 (37:37):
We talk a lot of sports in this office.

Speaker 4 (37:38):
So I think probably everyone listening knows that that Aaron
and Dennis are big Mets fans.

Speaker 3 (37:44):
So who's your favorite Met of all time?

Speaker 5 (37:47):
I know yours David Right. I don't know I would
you know, probably David Right too.

Speaker 3 (37:56):
Really they just and they just went to David Right
down about.

Speaker 2 (38:00):
Like David Right. I was a big Johann Santana fan.
I loved ari A.

Speaker 5 (38:05):
Dickey, But they were all short stints. You got to think,
someone like, who is there for a while. I would
have said, Jose Right, I go way back.

Speaker 3 (38:12):
It's usually it's usually whoever helped you win the World Series.

Speaker 4 (38:15):
But you know, I would say, or donate, what about
what are you?

Speaker 3 (38:22):
I'm a Yankee fans.

Speaker 4 (38:23):
I mean, I kind haven't manage your favorite my favorite
Matt I can't definitely not want so too, I know that.

Speaker 1 (38:28):
Yeah right.

Speaker 3 (38:29):
My favorite you growing up was Don Mattingly.

Speaker 4 (38:31):
I was, yeah, and as a short stop, it was
actually Alvaro Espinoza, which is that most people are familiar
with because.

Speaker 3 (38:37):
He was the Yankee short stop. But I like David
Right a lot too. He is a he's an easy
guy to.

Speaker 1 (38:42):
It's a game or Sam with Derek.

Speaker 2 (38:44):
Who's your Who's your favorite Yankee of all time?

Speaker 1 (38:47):
I like Thurman Monson, Yeah, yeah, he had Thurman months
in Goose Gossage great, probably probably thirty years ago. Uh
uh Ron Guidry, you know those guys were Those guys
were tough. Chris Chambliss, yeah, you know, all those all
good players. I saw Yankee playoff game. I got a

(39:08):
playoff ball that my dog eight. Actually I was Dennis Tompkins.

Speaker 5 (39:13):
Yeah, but it was when we when they here with Tennis,
Tompkins and Brendan and it was it was before the
game a Rod threw it up.

Speaker 2 (39:20):
But it was when he was on the Mariners. It
was before you that was it was he wait? Was
that was it?

Speaker 4 (39:29):
Was it was.

Speaker 2 (39:29):
It was I thought it was Rangers Yankees. It was was.

Speaker 1 (39:35):
Played for the Rangers.

Speaker 3 (39:36):
You know he did, he did.

Speaker 4 (39:38):
All right, we're diverging from nobody cares about the guy.

Speaker 3 (39:44):
Well, I mean, that wasn't My question was when did
the dog eat the ball?

Speaker 1 (39:47):
It wasn't all.

Speaker 4 (39:49):
It's the favorite Giant of all the one thing we
can all agree on. We're all Giants fans in this office.
So who's your favorite Giant of all time? Jason Seahorn,
Poor Jason Seahorn, hurt, returning, returning kicks.

Speaker 5 (40:03):
You know, But no, that that's you know, you have
to go with the more recent giants like I loved.

Speaker 2 (40:07):
Uh Victor Cruz, I loved Doe Beckham.

Speaker 3 (40:10):
So yeah, that's a great one.

Speaker 5 (40:14):
Yeah straight, I mean I love yeah j p p.

Speaker 3 (40:21):
Yeah, Justin Tuck was my favorite.

Speaker 2 (40:24):
Justin to was a very you me and Yora that
that defense is.

Speaker 1 (40:28):
You go way back, You go back to Harry Carson.

Speaker 3 (40:30):
Yeah.

Speaker 2 (40:32):
I love Rodney Hampton. Rodney Hampton I was a kid,
was pretty good.

Speaker 1 (40:35):
Pearl Banks. Yeah, from when I was a kid kid,
Homer Jones, Ron Johnson, Homer Homer Jones, number I think
it was number forty four.

Speaker 3 (40:45):
The names fredericks Eli doesn't get mentioned one.

Speaker 4 (40:48):
All these names were thrown out there. What's your what's
our prediction?

Speaker 3 (40:51):
What the name? What's your number? How many wins?

Speaker 1 (40:56):
Five and a half?

Speaker 3 (40:56):
Do that's not what I say, That's what Las Vegas says.

Speaker 2 (40:59):
But do you say seven? Have a good defense?

Speaker 3 (41:03):
I think we can get to eat.

Speaker 1 (41:04):
I think when there's seventeen games right there is, i'.

Speaker 4 (41:09):
Must say nine, then I'm gonna say not. I want
to be over in the right direction.

Speaker 3 (41:14):
Boys, Yeah, you know that's good? All right? Another quick
hitter phone, what's your favorite meal of all time?

Speaker 4 (41:21):
Either like I've already thrown out enough restaurants here, but
like just like type of food, Like if you could
have one, I guess what's your your death row and
you have one last meal?

Speaker 3 (41:30):
What would it be?

Speaker 2 (41:31):
You know?

Speaker 5 (41:32):
I mean, I can't not say my mom's chicken pot pie.
Mom makes a great chicken pik.

Speaker 2 (41:36):
I love it, I love I love it's so good.

Speaker 5 (41:38):
So definitely my mom's chicken pot pie.

Speaker 4 (41:45):
I want I want to see then I'm like, yeah,
I mean that if it is death row, then I
guess you.

Speaker 5 (41:51):
Know my mom's delivering chicken potp peye to my jail
cell be nice.

Speaker 1 (41:56):
I like chicken. I like chili reinos from the next
one connection. All right, they're great. About you.

Speaker 4 (42:03):
Pizza I used to I know, I know what you
already threw it out there. No, Purple Pub was my
spot though, so that was every birthday.

Speaker 5 (42:11):
Used to they have a deep dish pizza they had
I love, I know they had a deep closed Yeah.

Speaker 1 (42:19):
All, I know that's good.

Speaker 4 (42:23):
One more quick hitter or what what's the best vacation
you've ever went on, either together as a family or individually.

Speaker 5 (42:29):
When we went out west, we took it ourve for
three weeks and we went onto a lot of hike
in That was my favorite.

Speaker 3 (42:37):
What was the best spot that.

Speaker 2 (42:41):
I don't know?

Speaker 5 (42:43):
Yellow Stone Tower, Yeah, Devil's Tower was cool because I
did that school project on it.

Speaker 3 (42:48):
Cool.

Speaker 2 (42:48):
That Valley was cool because it was so hot.

Speaker 1 (42:51):
What about you?

Speaker 4 (42:52):
Yeah, I always kind of go back to I mean,
I feel bad because it doesn't involve my children, but
I really we really loved our honeymoon. We went to
Saint John and stated this great resort and had some
unbelievable meals and some unbelievable I just remember the breakfasts.
Like the fruit was like not like any fruit I'd
ever eaten in my life. Yeah, so fresh, and it
was like.

Speaker 2 (43:09):
It was including warn and my kids.

Speaker 4 (43:13):
I feel badly I gave. I feel badly for Mickey
Mouse personally that you didn't mention.

Speaker 5 (43:18):
We went to Disney when about uh, when Lord was
about six months pregnant with my son, and it was
a it was a great trip.

Speaker 2 (43:24):
It was like the last Hurrah. Only kid.

Speaker 5 (43:26):
I have great memories because he had such a good time.
That's like your hobby, you know, I say that my
hobby now is watching your that's kids have fun.

Speaker 3 (43:35):
It's yeah.

Speaker 4 (43:35):
We also did what we did, uh three kids, but
we the Highlands of Scotland. If you ever in the sky,
don't like the highlands?

Speaker 3 (43:43):
Yeah?

Speaker 4 (43:44):
Yeah, we did a we did a trip. It wasn't
it was called like that backpackers. We didn't actually backpack,
but we stayed in like hostels. We were very young
in college and uh did you go did you go
beg Yeah? Yeah, she was studying abroad for for semester,
and so I went over and visited and like extended
our trip from London and Paris.

Speaker 1 (44:03):
So that's right.

Speaker 4 (44:04):
Fight the first yeah, well, yeah, I forgot about that.

Speaker 3 (44:11):
Yeah, I'm sure that's fair. But you know, I think
there's no secrets in this office. That's unbelievable. That's unbelievable.
How much time do we have done?

Speaker 1 (44:19):
And so I can it's about four minutes and twenty seconds.

Speaker 4 (44:22):
All right, Great, So back to something a little bit
more business related. I think, you know, as I'll just
give my personal you know, as someone who started in
different industry and then came to this one, and you know,
kind of had a couple of different paths before before
finding you guys, and and uh and on the trajectory
that we are now and loving everything I'm doing. There
certainly was a lot of periods of time where it

(44:43):
was challenging and whatnot. But I always find it interesting
is what do you think is one personality trait that
is required to be successful in this industry?

Speaker 2 (44:53):
Self awareness?

Speaker 5 (44:54):
I always kind of harp on that self awareness and
being okay with being wrong. You always say to Mark,
it's always right, and it is, and knowing that at
the end of the day, not over confidence in an investment.
And I think I think what you were saying earlier is,
you know, being ethical and truthful.

Speaker 1 (45:11):
You know, I think I would Yeah, I was gonna
say that, but I you know, some things are givens
kind of I would think. You know, those those those
aren't qualities, I think, you know what I mean. But
they are. But they shouldn't be, you know what I mean.
Everyone should be ethical and honest in the like, so
you know, setting them aside, and I think you just
gotta have you got to stay with it, you know
what I mean. It's kind of a like I do say,

(45:31):
it's kind of like a marriage. You know, you know
there's going to be difficult times, but the but it's
a it's a great journey, you know, So you basically
stick touitiveness.

Speaker 4 (45:39):
Yeah, yeah, I think perseverance. Yeah, I think that's huge,
especially as you know, I'm sure Dennis is were you know,
starting this business, you have to be comfortable with with
the the answer. No, yeah, you can't. You can't let
that to tear you and throw you completely off your game.
Along those lines, how do you how do you define
success either personally or professionally or either at this stage

(46:03):
professionally or where there are stages along the way where
but what do you define as as success exactly?

Speaker 1 (46:09):
What I have, you know what I mean literally exactly
what I have. I know I'm gonna lose people along
the way and when I'm gonna lose my physical abilities
along the way. My friends and family are close. Uh
you know, as long as uh, you know I'm true
to myself, I do my best for my clients, money
will take care of itself. I often say, you have
a personality and then you have money on top of

(46:31):
that personality. Where people get screwed up is when they're
the money is under their personality. So if you take
that money out, their personality crumbles and everything they value crumbles.
So so yeah, the money, the money will come if
you just work hard and you know so so yeah,
I don't know if I answered the question.

Speaker 4 (46:49):
That's a tough question, you know, well, yeah, I mean
different stages of every at every stage of your life,
it's a different answer.

Speaker 3 (46:57):
Yeah, that's a.

Speaker 2 (46:57):
Good Yeah, that's true.

Speaker 5 (46:59):
Right, And I think right now is yeah, like my
family being proud of me, I guess and what I'm doing.
And you know, right now for me, you know as
much as it is for work, it's yeah, being really
being a good father and knowing that my my family
thinks that you know, what about you.

Speaker 4 (47:15):
Yeah, I mean I think the same. I think I'm
in you know, for me, it's you know, bouncing around
a little bit and industry wise, and then you know
kind of really finding footing. It's really you know, enjoying
what I do every day is successful. I think if
you if you like what you do, you you're the
lad as you don't work a day in your life
if you like what you do. And and I can
truly say that, you know, some of the ten months

(47:35):
I've been here, that's uh, that's that's something that that
I value and successful in his air st it's just
you know, my kids are I'm at the age where
I've got you know, my one daughter's going to college
in home two weeks almost choking that out, but uh
two weeks and you know another another daughter in high school,
and then a son who's you know, still a little

(47:56):
bit younger.

Speaker 3 (47:56):
And so it's just you know, being.

Speaker 4 (47:58):
Able to have that kind of work life balance where
I can be there for them and able to do
everything that not everybody has a luxury of that. And
so you know, success to me is you know, having
a really good work life home balance.

Speaker 5 (48:12):
And I think that too. I think, you know, you've
done really such a good job of being a you know,
a good financial advisor from an ethics standpoint, and you know,
just running a good business is you know, continuing to
to do and you know what our I guess, our
mission is here and our you know, mission statement is
here at Vagane Associates and you know kind.

Speaker 2 (48:33):
Of extend that for years to come.

Speaker 1 (48:35):
Thanks, all right, that'll just about do it. Give us
a call during the week five four check us out
of the web, but fagan as it dot com. Thanks
a lot, Doug appreciating glad to have you bored.

Speaker 3 (48:44):
Thanks