Episode Transcript
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Speaker 1 (00:00):
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here are independent of Osaic Wealth. Madison Wealth Managers and
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(00:21):
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(00:44):
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Speaker 2 (01:04):
You are about to experience the planning for prosperity Show
three two.
Speaker 3 (01:10):
Who here?
Speaker 4 (01:18):
Oh, I know this Natalie Merchant?
Speaker 3 (01:21):
Yes, name that tune?
Speaker 5 (01:26):
Is it just Natalie or ten thousand maniacs?
Speaker 3 (01:29):
Oh wow, mister Brown?
Speaker 1 (01:35):
That end?
Speaker 4 (01:36):
I'm Daniel Plansky. I got the end on that one.
Welcome aboard the cruise ship. Everyone. You guys know we
always thank you big, thank you. So you guys really
literally rocked the boat last week requesting do D version
two pointos. We've got so much to get into their
guys again d D two point zero. If you're not
(01:57):
familiar again, we are allowed to have opinions. You want
us have opinions. In our opinion, it's our best estate
planning work ever. It's fully professionally bound. It can serve
to microwave your broccoli. If you like a hard vegetable
and you like to make a pouch, you can microwave
your hard vegetable.
Speaker 5 (02:13):
Might stop a nine millimeter round.
Speaker 4 (02:15):
It's all of the above, everyone, and again, it's not
really just meant for you. It's meant for whomever is
in that beneficiary club, the trustees.
Speaker 5 (02:26):
Whoever you're passing this terrible ball to exactly.
Speaker 4 (02:29):
That's the most exactly. Guys, you need you need help.
I mean, guys, you're gonna you're gonna need You're gonna
need help out there. And this is meant to help. Okay,
So again that's one thing. We do promise it will help.
And if it doesn't, you let us know. Okay, you
let us know how we can improve.
Speaker 5 (02:45):
And uh, the twenty twenty five tax guide. That's gonna
become a hot topic. And here's why. On Tuesday night, right,
the House passed the tax bill, no tax is on
tips Security. Over time, I've gotten half a dozen phone calls.
Am I gonna get? Am I gonna be able to
(03:06):
not pay taxes on my Social Security? Now? Do we
have to make some planning? We're a long ways away
from this, how about a long way?
Speaker 4 (03:14):
But I'll give you a real simple.
Speaker 5 (03:15):
We'll get that tax guide and have it in your hands.
Speaker 4 (03:17):
And guys, that's from nationwide, Okay, that's from one of
our And again we're allowed to have favorites, favorite favorites,
everyone has them. It's from one of our favorite sponsors
because they are so thorough. Okay, Nationwide is one of
our favorite sponsors. Guys, grab the tax guide. It's bullet point,
it's two pages, and it's meant to be It's meant
to be a planning, planning piece.
Speaker 5 (03:35):
Just think of how many people if this goes dan
and it's always a big if anything can happen, how
many people this is gonna impact their tax return? Maybe
not some if we're just using a standard deduction, Okay,
but for people who have a bit more complex tax return,
you're gonna want to get this.
Speaker 4 (03:53):
Yeah, no, grab it, guys. Again, it's a freebie. That
one we can zap to you. That one we can
email right over to you. We can send it to
tack form whatever you like. If you want to package
it up with a couple of dods, okay, we can
do that too. It's all free, guys. We gotta underline
that free, free, free, free, free, because I think you
know a lot of you said before you became Devoteyes,
he said, g Stan, we really didn't believe it was free.
(04:14):
So guys, it's free. The shipping's free. There's none of
this twenty dollars. There's no FedEx bill coming in the mail.
So the way to do it is www dot Madisonmanagers
dot com. Okay, so you guys like how I spell
it out, www dot M A D I S O
N M A N A G E R S dot com.
(04:35):
Use the textbox. There's a bunch of them, and just
let us know. You're looking for d D two point zero.
You're looking for the stuff that we're talking about. You're
looking for nationwide whatever that happens to me. Now, I
was told by multiple of you last week. Pleause. MIKEL
and I we had a little laugher last week. And again, guys,
we don't rehearse the show. This is all on the run.
Speaker 5 (04:57):
All we walk in and say, as what do you
we have to talk about?
Speaker 4 (05:00):
Absolutely, and Mike and I actually couldn't stop laughing, and
a lot of you couldn't either, because the way that
it came out just sounded so funny. Mike, because we
were talking about something with respect to We were talking
about the pillars, and we're talking about how whether you
want to look at the four traditional pillars or at
our fifth right, at our fifth specialty pillar right then
(05:21):
it's either three out of four or four to five
offer full death benefits. Okay, And we don't talk about
that enough, okay, because we view that as in the weeds.
That's kind of a secondary item to us, okay. And
it came out where we said, if for whatever reason,
if you don't care about principal protection, if you don't
want any principal protection, and you don't want any income guarantees,
(05:44):
so you don't want to check coming in your mailbox,
if that doesn't appeal to you for whatever reason, If
for whatever reason that doesn't appeal to you, please please,
if you have a family, family meaning spouse, meaning kiddos
meaning home ever, right, and you actually care about that
particular beneficiary, then maybe that's the reason to give us
(06:10):
a call, get on the website and let us know
you want to chit chat. Okay, when I go.
Speaker 5 (06:17):
If I didn't have any kids, I wouldn't care, right,
But because I'm gonna have Pillar two in place, I'm
gonna have my income in place, I'm gonna have my
fixed costs taken care of. So I understand that one argument.
But everybody else has a family, and you're doing this
(06:38):
for them, not you, right, they're your obligation, not the
other way around. Especially the kiddos. You brought him into
this world, they're your obligation till the day you die.
Speaker 4 (06:50):
Well, let me, let me get into this because you know,
and I had a great discussion with an existing client
who has pillar two. Okay, he's got pillar two in place,
and he he is pillar two. I would say this
in its most impactful form. Okay, And we got into
the weeds mic, And it's really interesting when you really
get into the weeds. You know, when you actually begin
(07:14):
taking your withdraws in pillar two, right, then you happen
to experience that market setback and you pass away right
ninety nine point nine ninety nine percent of everyone, Nor
would you ever almost all of us because we we
would have no reason to realize this. The death benefit
(07:35):
even comes into play then, in that even when you're
taking you withdraws, absolutely you can't be hurt by the market.
Speaker 5 (07:42):
You invest a million bucks, don hm, and you're taking
out your seven percent. Yep, it's great. Now if the
market is flat, you're gonna have nine hundred and thirty
thousand perfect. What if the market goes down forty percent?
Speaker 4 (07:55):
Well done? Well done?
Speaker 5 (07:56):
Right now, I'm at what five hundred and eighty if
I don't have the protection. That's where my kids get
the five eighty instead of the nine thirty. Guys, you
heard this right, What are we doing here?
Speaker 4 (08:07):
And you know what, Mike, and it really hit home
this week and we welcomed, you know, we welcome to
a new business, new business owner and his family on board.
And this is you know, this is what really hit home.
And Mike, I think we do a really good job
of this when we explain pillar two. If you want
to be the US DOC market, I want to be
the S and P five hundred, right, I want to
(08:29):
be the S and P five hundred.
Speaker 5 (08:30):
Love it.
Speaker 4 (08:31):
I want to put it in pillar two. So I
have a guaranteed withdrawl rate for life, come hack, high water,
whatever happens. Okay, my neighbor's also the S and P
five hundred, except he doesn't want to guarantee. He's one
of those people that hates guarantees and he hates his
family right because he doesn't want a death benefit. He
hates all of the above. Okay, here's the point. Here's
(08:54):
the point, guys, and this is where clarity comes in.
This is where it really hits home. I think you
both begin Remember, guys, same underlying investment. You both begin
taking your seven percent right, which if it's not guarantee
here per year, which if it's not guaranteed, is a
mighty hefty withdrawal rate. Okay, you both start taking your
(09:15):
seven percent. You come across a rough what we call
a negative sequence of returns, right rough patch in the market, which, oh,
by the way, over the last couple of decades, has
been quite often. And here's where the real value, saying said,
the account goes to zero right withdraws mark, bad market,
blah blah blah. Here's the real power of the model. Remember, guys,
(09:37):
same underlying investment. But your neighbor hated his family and
he hated the guarantees. Okay, he goes to zero, and
he's going back to work whilst you're walking out to
the mailbox to collect your check. You can wave to him.
Speaker 5 (09:51):
You're still getting you can wave to him, you're seventy percent.
Speaker 4 (09:54):
You can wave to him.
Speaker 5 (09:57):
Guys, just don't smile. That's rude.
Speaker 4 (10:00):
That's the pdn't don't don't smile, And that's because you
loved your family.
Speaker 5 (10:04):
Everyone.
Speaker 4 (10:04):
So again, if we can educate more. Please let us
you guys spend great lately. Www dot Madisonmanagers dot com.
It's m A D I S O N M A
N A G E R s dot com. Use the
taxbox again, guys, Grab your D O D two point
zeros for you and your family. You've been fabulous. Mike's right,
Grab the Nationwide Tax Guide. Okay, and again set your
(10:27):
appointments so that we can at least educate over the phone.
Get you started that way, and then we'll get you
in the office. We'll see right back.
Speaker 2 (10:36):
You are about your experience the planning for Prosperity Show
three two wore.
Speaker 4 (10:48):
Hol on. Hold on, you wrote this about his kids.
Apparently you believe this story if you but the story,
Dan Polansky, Michael Brown, Managing director, Michael Brown, mister producers,
you're sharp today, mister producer.
Speaker 5 (11:07):
Who what do we have there?
Speaker 4 (11:09):
He's a shine press man today. Look at that nice
christ I would call a titanium with a little bit
of like powder blows wah, powder blue. I'd have to
see closes is a real good look.
Speaker 5 (11:23):
Yeah, he just looks it's like a light purple.
Speaker 4 (11:26):
He just looks better now that he has the waight
back on. He really does.
Speaker 5 (11:30):
I think you should stop encouraging him.
Speaker 4 (11:32):
Planning for a Prosperity Radio hour. In case you're new
to the cruise ship. Everyone, by the way, welcome board.
It's the planning for a prosperity radio our cruise ship.
We all. We actually have a model of the cruise
ship that was provided by one of our favorite clients,
one of our favorite listeners. A sweetheart, miss Mary. You're
out there listening. Love, you're out there listening right now.
And we cherish it. We cherish it in the studio
(11:54):
every single time we do these We do these airs.
But where was it going with us?
Speaker 2 (12:00):
Mike?
Speaker 5 (12:00):
I was talking about, Well, I know you're chopping at
the bit to talk about that thing in your right hand.
Speaker 4 (12:06):
Oh wait a minute, waiting here, you're so excited. Here,
here's what, Yeah, here's let's let's go. Let's go there, guys. Okay, okay,
let's start again.
Speaker 5 (12:16):
Just need a good chuck.
Speaker 4 (12:18):
Just a reminder www. Dot Madison Managers dot com. M
A D I S O N M A N A
G E R s dot com. Use the textbox. We
want you to grab d D version two point ohs.
We want you Grab two okay, because it's not just
about you, it's about your beneficiaries, executors, trust is all
of the above. Whilst you're out of MIC is exactly right.
Grab the nationwide tax Guide for twenty five guys. So
(12:41):
this is forward looking. It's going to help you plan
for this coming year. Okay.
Speaker 5 (12:44):
So and as we get through the year, who knows
what's gonna happen or if anything's going to happen at all,
but you'll have that in your back pocket.
Speaker 4 (12:55):
Yeah, that's what it's all about. It starts to evolve
and we can talk to you can talk with our
account what you like, guys, But it's all there, Madison
Managers dot Com. Use the textbox, just let us know
how we get it to you. That's the critical piece.
Now we had, Michael. We came together probably a year
ago or so, and we just had to come up
(13:18):
with a name for the standardized portfolio that is being
pitched sold because this is literally being sold. It's being sold.
Speaker 5 (13:26):
Because nobody's walking in saying I want that that really
mediocre thing.
Speaker 4 (13:31):
At any big box superbank near you, brokerage, whatever it
happens to be. Okay, this is guys, and we'll be
blunt about it. They're being pushed to push you into this.
It's it's it's that silly.
Speaker 5 (13:42):
Because it is the most profitable investment for the house.
Speaker 4 (13:48):
Many times special share classes will be utilized, making it
non transferable. Okay, if your advisor happens to leave a
lot of different reasons why they do it. And now
one of our dear friends came in. He's a pillar,
he's a pillar to devo tie. And he came in
and he said, you know, Dan, I've had this account
(14:09):
over at Big Box Superstar. I said, ah. Once I
heard the name, I said ah. He happened to make
the mistake. He walked into the branch. Okay, and this
was years ago.
Speaker 5 (14:20):
These are all banks now, right, They blew themselves absolutely correct.
Speaker 4 (14:24):
This is a brokerage, yes, correct, Mike, this is truly
a brokerage that somehow became a bank. But we won't
even go there. Walked into the bank. He inherited some
money from his dad, right his dad passed away. What
do I do with this money? Mister? I guess, broker,
I don't know, whatever you want to call it. Whatever,
mister broker said, gee, well we happened to do this
thing here, and we call it the Chief Investment Officers portfolio.
(14:51):
Now that smells like blueberry to us. Okay, and I
said yeah, I said, no, no, or.
Speaker 5 (14:57):
Maybe we should start calling it that.
Speaker 4 (14:59):
I said, well that's what he's I said, you have
the blueberry pie portfolio. Stand what he goes? What on
earth you're talking about? I said no, no, no, I said,
it's neither good or bad. I said, let me just
explain what you have. I am not looking. I said,
what's your principal value? And again, guys, principal value is irrelevant,
but it's it. It only goes up from the number
I'm gonna give. You're gonna fall off. Wherever you are.
Hold onto the steering wheel if you're driving, hold on
(15:20):
to your seat, right, if you're laying in bed, hold
on to the side rail, hold on to the girders. Okay.
This was roughly fifty thousand dollars. Okay, roughly fifty thousand dollars.
There were North North. All you need to know is this,
There were north of thirty separate mutual fund holdings. Can
(15:42):
you imagine the number of times Michael and I know
this is your favorite thing Can you imagine the number
of times the Wilshire five thousand was literally duplicated over
within that particular portfolio. Could you imagine that I'm times
to paint it over?
Speaker 5 (15:56):
Oh my lord? Third real. He bothered me the most
when I was looking at the size the transactions.
Speaker 4 (16:05):
Oh yeah, So I brought in the transaction. I brought in, guys,
what I did to show what I did to show Mike,
because it was a funny, because I had to put
one of the industrial staples through it to hold this together.
I brought in the roster of the sales, the sales
of these particular securities.
Speaker 5 (16:21):
And now everyone just realize there has to be activity
in your investment accounts so they can continue to charge
you fees.
Speaker 4 (16:32):
And what did you see, Michael?
Speaker 5 (16:34):
I saw some real, you know, impactful movements of some
of these movies. I saw four hundred and one dollars.
I saw four hundred and sixty dollars. I saw six
hundred dollars. What are we doing here?
Speaker 4 (16:51):
Well, he didn't know, because they never cared to ask
him what he wanted to accomplish. Because when he sat down,
such a fraud. Guys, guys, guys, guys, these people. And
again we're not being mean, we're not disparaging those at
these other big bank superstores. They're just doing what they're told.
They're doing what they're doing what they're told. Guys, they're
(17:12):
not going to ask you what your goals, what your goals,
your concerns, your wishes are. They may ask, but they
don't care. Make the mistake, they don't care because if
you listen to our client, have you listened to our client,
you would have immediately if again, if you even understood
what pillar two was, or the investments that make up
pillar two in our you know, in our in our
visual if you will, you would have immediately said, well,
(17:33):
you want guaranteed withdraw dollars in retirement. That's what you're
most concerned with, sir, Yes, And then you would have
moved in that direction.
Speaker 5 (17:40):
Right, And and we're not going to have useless movement
for the sake of having useless movement within your accounts.
Speaker 4 (17:49):
Well, that's that's also that's also what I that's also
what I explained, Dan.
Speaker 5 (17:54):
Just thinku about what if that was after tax money.
They're killing that person. Oh, they're killing them with that
Chief investment officer reports.
Speaker 4 (18:01):
What do you mean what if oh I know what, Michael,
what do you mean? What if it is after tax?
Speaker 5 (18:09):
You're just trying to get my blood pressure up today.
Speaker 4 (18:11):
Guys, guys, case, guys, listen, here's the difference. Okay, we
educate first, second, third, fourth, fifth, and six. There is
absolutely no one that comes to the process with us
at Madison and says Chi, I feel like I was
just sold something. It is never ever ever going to
(18:35):
be the case, and it's never been the case. Right,
it's education first, second, third, fourth, fifth, sixth. That is
literally what the planning for prosperity series, right, our educational series,
the dods, the you know, all of the white papers,
all of the nationwise, that's what it's built on.
Speaker 5 (18:53):
Guys. So Dan, we're talking about these silly investments, the
Blueberry portfolio, et cetera. I saw one earlier this week
that had me laughing so hard. And this is by
one of the largest investment firms on Wall Street and
they're considered private equity, and the portfolio is called unearthing
(19:16):
successful companies through corporate carveouts. I don't even know what
that means, but this is what they're selling people.
Speaker 4 (19:26):
I can invest in on I don't.
Speaker 5 (19:28):
Know why you would, but yeah, oh it's a real thing.
Speaker 4 (19:33):
I can be carved out.
Speaker 5 (19:34):
You can. You can be unearthing successful carveouts.
Speaker 4 (19:39):
O smokes.
Speaker 5 (19:40):
Oh this is what they're.
Speaker 4 (19:42):
Guys, and A and again the innocent. The innocent shall
remain nameless. But there was a portfolio. And again, Mike,
really this is this is not an exaggeration. There was
a mutual fund in the Blueberry Pie portfolio, the Chief
Investment Officers portfolio. It was something the title of the funder,
the name of the fund was something like Undiscovered Fund
Manager's Fund.
Speaker 5 (20:03):
Okay, okay, Mike, who makes this stuff up?
Speaker 4 (20:09):
Mike Again, guys, guys, let's keep it super cleanly because
I think that's part of what we do best here. Mike.
Speaker 5 (20:16):
Don't you do you think that fella could explain to
anyone what is happening there versus I don't think these
He says. Pillar two, I have income for life. Pillar three,
I principle is protected and I'm shooting for the stars absolutely.
Pillar four, I want to be more involved and have
different moving parts.
Speaker 4 (20:35):
I'm Index boy. Pillar four. Pillar four is really simple.
I'm Index boy, but I want protections.
Speaker 5 (20:39):
My mother is in her late eighties. Right, she could
explain to people how her money's investment.
Speaker 4 (20:44):
Hundred percent, even if you want to go Pillar one, right,
even if you want to go even what we look
at in capital markets, right, Hey, my capital markets positions,
my positions compliment, Right, they're meant to compliment my existing
protected investments.
Speaker 5 (20:59):
Right, very simple, and I'm I gotta te up the
next segment. Oh because fast, very very quietly, a certain
company is up fifty five percent in six weeks. And
it's not who you think. It is.
Speaker 4 (21:17):
Very interesting, Michael going to break guys, Let's learn a
lot more here. Let us educate, as we always say,
www dot Madison m A d I s O N
Managers dot com. So it's m A d I s
O N m A N A g E r s
dot com. Use the textbox. We got d ds, guys,
We've got DoD version two point zero. We got the
(21:37):
Nationwide Tax Guide, which is just pure gold. And you
guys are again it'll really heat up here with you
guys in the next couple of weeks as you really
turn your attention to taxes because this is about next year.
And again, guys, set your appointments so we can educate first,
and then we can really get into the nitty gritty.
We'll see right back.
Speaker 2 (21:57):
You are about your experience with the planning for prosperity
shows three.
Speaker 4 (22:04):
Here, Oh this is your guy. What's the same? Oh
he's great? Any money yum? Michael Brown wants to go
back and we're dancing in the studio. Great job, mister producer.
(22:26):
Kaan Polansky, Michael Brown, say, here's my bank and wealth
managers for the weird.
Speaker 5 (22:30):
Here's my biggest fears. He's just on a roll. I
don't want him to spill his candy in the lobby
with the next one.
Speaker 4 (22:36):
Crap out, right, He's gonna he's gonna really crap out.
Because you are hot at the table today, mister producer,
I think you might have gone into the drawer, shall
we say, the drawer of inspiration. Thank you, miss Mary,
you're listening. I know. Happy weekend everyone. Michael Brown is here.
I Dan polanskime here, mister producer is here. We've gone
(22:59):
all over for the board today. I mean we've gone
everywhere from again DoD version two point zeros. Guys, grab
your copies again. It will help. It absolutely will help,
and you'll never you will here's the issue. You never
know when you're going to need it. Because guess what,
I had a very real conversation this week and guys,
the way you get your dods www dot Madison managers
(23:21):
dot com. This is why you need your dods. Guys.
Clients of ours here at Madison called just to check in,
chit chat about the market movements, shall we say? And
I got the wife husband, wife and wife didn't sound
great doing? Okay, no, Dan, not really, how you care
(23:43):
to share? Well, Mike, she was sitting in the parking
lot at the Bigley Wiggily and her husband was walking
through the walking through the crosswalk at the Bigley Wiggily
and he was run over. Oh my, he was run over.
So again we obvious sleep, prayers and thoughts and well
wishes and intensive care all of that great stuff. Guys.
(24:06):
That's why it's not if it's when, Mike. That's the point.
And we're not trying to be sad. We're not trying
to be downbeat.
Speaker 5 (24:15):
No, just the opposite.
Speaker 4 (24:16):
It's well done.
Speaker 5 (24:19):
We're planning for that's what's going to happen. That's to
all of.
Speaker 4 (24:23):
Us, absolutely, absolutely, one hundred, one hundred and twenty percent
to twenty percent the case.
Speaker 5 (24:31):
So I have a question for you.
Speaker 4 (24:33):
Okay, what do we got? What's that security? What were
we talking about the way you kind of let us in?
Speaker 5 (24:37):
Ye, we did not a solicitation a buy seller hold Daniel.
Speaker 4 (24:41):
Yes.
Speaker 5 (24:42):
January one of this year, was it eighty dollars? Okay?
This week it hit one hundred and thirty nine dollars. Sweet,
and no one is talking about it.
Speaker 4 (24:51):
Okay, wait a minute.
Speaker 5 (24:54):
Is it individual stock? Yes?
Speaker 4 (24:57):
Yes, yes, individual stock, large, cat, midcaps small? Where are
we at.
Speaker 5 (25:02):
An enormous cap Chinese?
Speaker 4 (25:05):
Oh, it's our favorite a boy we use.
Speaker 5 (25:08):
Why isn't anywhere now? That again, it's.
Speaker 4 (25:12):
Ali Baba, guys, it's Alli Bobby's okay.
Speaker 5 (25:14):
But everyone left him for dead. Well you know the
entire year. Well, and now it's now very quietly it's up.
What's going on?
Speaker 4 (25:23):
Well, there's an old adage here. And remember, Mike, we
used to turn within this regime before everything went upside
down in this in this regime, right when we talk
about markets, guys, and we talked about the time Perio,
we call them regimes. Okay, there was a time where
we would give you red light, green light, and one
of the areas that was really really important to the
market's health overall was how Chinese equities were performing. Okay, Now,
(25:47):
we're in a regime where, quite simply put, we really
can't put our finger on any rhyme or reason as
to how I.
Speaker 5 (25:55):
Don't think there's any correlation.
Speaker 4 (25:57):
No, no, the moment. But let's go here, guys, let's go here,
because there is an again not a solicitation to buy
a seller hole, but there is an ages old adage
on Wall Street goes like this, good things tend to
happen to inexpensive securities.
Speaker 5 (26:13):
Okay.
Speaker 4 (26:14):
Now, also, markets can and do often stay irrational longer
than you can stay solve it. However, guys, that's why
we talk about when we have the pillars in place.
Speaker 5 (26:28):
Okay, it's your permission, slip.
Speaker 4 (26:30):
It is your permission, slip to maybe wait a little
bit longer. For a company that's pe ratio literally looked
like a Moscow cement factories. Okay, Yet they were buying
back six you heard that right, guys. You over year
they shrunk six percent of their float, meaning six percent
of the company's gone. Just think about that, go on,
(26:50):
go on, going, go on in one year, Okay, So
the point is this guy's it was an incredibly inexpensive stock,
and Mike schriid it's up enormously and would it shock anyone?
And again not a solicitation by seller, hold it factacy opposite,
in factas the opposite. It's a stay stay away if
you don't have your pillars in place, right, stay away.
But I'll say this, I'll say this right, if you
(27:11):
have your pillars in place, would it shock anyone if
it moves higher over the next twelve months, twelve to
eight two months with shocking Mic, not at.
Speaker 5 (27:18):
All, No, not at all, because because I love that
it's under the ratio these and we always want you
start hearing this in all the media outlets, and that
it's time to say goodbye. We want to want on
a date with the stock. We didn't marry the stock.
Speaker 4 (27:34):
And guys, this is to Mike's point, this is your permission,
slip to play nicely in pillar one when you have
your protections in place, right, this is your and Mike,
that's it. That's a fascinating that's a fascinating individual equity
to bring to bring up I was just going to
bring up Mike the you know kind of the souper
making of these markets out there. We talked about this,
(27:54):
We talked about the setup, we talked about februaries, we
talked to all of the above. But here's the thing
that you guys have to understand is that pillar three,
when we talk about version two point o, which so
many of you guys are adopting so quickly, and you're
doing a great job of it, there is a way
that if you don't want to have stumbles, pitfalls, broken ankles,
(28:16):
whatever you want to call it, along the investment path. Okay,
there is now a way in the state of New
York that has never been seen before. Okay, in that
we pick an investment term. Okay, just like a bond, right, Eddy,
our CD right, gonna sit in the investment for this
long right, This is my commitment to you.
Speaker 1 (28:37):
Right.
Speaker 5 (28:37):
But you can't go out forever, can't go out forever.
Speaker 3 (28:39):
We should.
Speaker 4 (28:40):
We wish you could go further out. Here's the point, guys,
here's the point is that we can be growth. We
can be hedge fund. You heard that, right. We can
be one hundred percent in a hedge fund, and a
hedge fund just so happens to be one of the
world's largest depending on the second. Okay, we can be
one hundred percent in that hedge fund and at the
end of the investment everything works out. Great. Congratulations, Thank
(29:03):
you Mike, Thank you Dan, Thank you Madison. Where are
my winnings? Here's all your winnings, enjoy them.
Speaker 5 (29:10):
What do you mean there's no cut to the.
Speaker 4 (29:11):
House, exactly. And then you would say, wait a minute,
there's a house. Take a cup. No cup, you take
all the winnings. But here's the other thing. If the
world happens, as Michael likes to say, because there were
a lot of things we talked about last week with
the mister Walmart, right, mister Walmart talked about the world,
they didn't talk about Walmart right sent the market on
a spiral. Right arguably got the spiral.
Speaker 5 (29:29):
Sorry, all you have to do is turn on any
TV channel, right and it looks like a terrible Hollywood
exactly movie.
Speaker 4 (29:36):
So death and destruction, point being, is no matter when
that no matter when the world happens during this particular term.
If at the end of the term you are down money,
meaning you've lost money, and investments and investments can and
do lose money, everyone guess what you get every waking
penny back. You heard that correctly.
Speaker 5 (30:00):
If I put in a million bucks, market goes down
fifty percent, everybody else has five hundred thousand. I have
my million back, and I'm reinvesting when the market is
very low. Isn't that the premise. Isn't that we learned
in financed one on one, you know, one hundred years ago.
(30:21):
Isn't that what that buffet guy used to talk about.
Jamie Diamond used to talk about that. That's weird, that's
what we're doing.
Speaker 4 (30:30):
But here's the play, guys, here's here's a really good point.
I don't believe they can offer this forever. No, no, no, no,
I don't believe. I don't I don't believe. I don't
believe that they could offer this forever because simply put
the cost of hedging this alone, if you start to
take on too many assets, becomes a big, big burden
on the institution.
Speaker 5 (30:50):
Okay, they all, we've talked about this. They all do this.
They don't tell us how many pounds they want in
their shopping cart. Yeah, yeah, we just get an email
in the dark of night.
Speaker 4 (31:03):
Always on Sunday, Always on a Sunday, and day.
Speaker 5 (31:06):
You have three days to get your paperwork in and
then it's overweight.
Speaker 4 (31:10):
And that's it, guys.
Speaker 5 (31:11):
And that's not them being no the mean guy wearing
a black hat. That's the business.
Speaker 4 (31:17):
So many of you guys have gotten started with Pillar three,
and listen, we don't mind doing this, okay, even though
it's I mean from a from a you know, from
a let's put it this way, from a hard work standpoint.
That's the thing. Hard work never scares us. Okay. If
you walked into your big box superstore bank, okay, number one,
I doubt they even know what you're talking about. Even
if we were to give you the product name to
(31:38):
walk in, they wouldn't know. And then, make no mistake,
you wouldn't meet their minimum. Okay, make no mistake. And
we're just again, we're just differentiating ourselves here. But we've
had so much success with Pillar three, Pillar three version
of Wino in roth IRA's Mike. You know, even individuals
that are you know, they're getting started, they want to
do something a little bit different in their wrath. Why
wouldn't you so?
Speaker 5 (31:58):
Reason my favorite move is for people who have savings
outside of their retirement account, and it's going to become
more important than ever because everyone can talk about no
tax on tips and no tax on overtime, no tax
on sociecurity, and that's great, and they're talking about maybe
(32:19):
they can keep the current tax rates in place with
cuts to the budget and some kind of growth. The
world doesn't work that smoothly. Well done, well done, well done,
So don't bank on those things happening. They'd be lovely
if they did. Okay, but that's a big if. I
(32:41):
want to make sure that when half the world is
on fire and now the US is trying to become
the rare earth mineral broker of the world, you know
that's not going to go smoothly. When you've got the
president of the Congo reaching out saying, hey, we want
to get in this deal. It's gonna get messy, it's
gonna get sticky.
Speaker 4 (33:02):
And all of this.
Speaker 5 (33:02):
But my money, my money's not gonna be sticky.
Speaker 4 (33:05):
I was just gonna say, let's go back and all
of that, Mike, what you just described, okay, which may
sound like a sci fi movie, but his real world,
it's happening. The point is this, guys, all of that,
all of that comes back again to Pillar three, version
two point zero why would you knock.
Speaker 5 (33:23):
So, Dan, Maybe it all works out beautifully and maybe
in a few years forty or fifty percent awesome, take
your ball and go home. Oh say thanks, we have
and we've got Oh boy, this gets into so much
advanced leanning.
Speaker 4 (33:37):
Guys, we got a Rod White. Just cheat it up
for me. I'm so ready to go, Dan Polanski, Michael Brown,
Managing director, Michael Brown, Madison Wealth Managers, mister producers. Here
in the meantime, guys, do d version two point ohs nationwide.
Let's chit chat over the phone. Let's educate first on
the pillars, and then let's get you in the office.
Best way to do all of the above is www
(33:59):
dot Adison Managers dot com. Use the taxbox. We think
the best time is right now. We'll see you right back.
Speaker 2 (34:10):
You are about to experience the planning for Prosperity Show
three two yeer.
Speaker 4 (34:22):
You should know this, dude, It's just one of your
electric light show Happy Weekend. Ever, like dance Land Managing
director Wang.
Speaker 3 (34:33):
Chong, No, they weren't a one ahead wonder, I think
this is it?
Speaker 4 (34:39):
No, Wang Chong is Wang Chong Everyone fun tonight, Wang
Chung tonight. So they have two heads dance holidays. How
did she do this? That's a great one, Michael Brown.
I'm actually shocked. I should never be shocked at your
musical name, that tune trivia slide deck that goes on
(35:02):
in your mind, should I? Guys, if you guessed that
the theme, remember that all of our music has a theme.
Many times a theme is brought by one of you
who's a listener, who's a client, a very good client
of ours, a favorite client. However, this week's theme is
the good Old days. So if you guess the good
old days, come on in.
Speaker 5 (35:23):
We've got sodas, give you some swag.
Speaker 4 (35:25):
We got swag, we got sodas, we got whatever, we
got whatever you want.
Speaker 5 (35:28):
You know what. People, Over the years, we've had hats
and sweatshirts. The favorite are those nylon shopping bags.
Speaker 4 (35:35):
Oh without, Oh you're right, I love them. Oh we
got tons of those. Two we gotta give them. Yeah,
we start giving those, guys. If you want an all
kidding aside, guys. Www dot Madisonmanagers dot com. Www dot
M A D I S O N M A N
A G E R S dot com. I'm gonna put
it out there right now. Those of you in this.
This could be my undoing. I am going to say,
(35:57):
Michael rolls over because he knows where I'm going. Everyone
that requests two do ds, okay, you request two do d's,
and I want you to get the Nationwide okay. I
want you to get the Nationwide Tax Guide. Okay, because
that's for twenty five. We're gonna look forward and work
together with that. You guys, get two do ds and
the Nationwide Tax Guide. We're gonna get you a duffel.
We're gonna get your duffel going out there. They're absolutely awesome.
(36:19):
You're right, Mike. Gee here, why have we talked about
that on these areas?
Speaker 5 (36:22):
What's next? You mean to hand out ten dollars billings?
Speaker 4 (36:23):
No, well, let me make sure we understand. It's free, guys,
it's free. So right now, right now, a toughly poo,
A toughly poo goes out to you a Madison Wealth
Manager's toughly poo, two dods version two point zero Nationwide
Tax Guide. Okay, Nationwide Tax Guide, and we'll get it
straight out. Just say special say special offer. And when
you go to Madison Managers dot Com www Dot Madison
(36:45):
Managers dot com use the taxbox right now. Just say, hey, guys,
I want the special offer. Let us know how we
can get it to you. Because Michael's right, we're gonna
get those tuffles. We want to see tho duffles out there.
Speaker 5 (36:53):
Then, I don't know. I don't know if you read this,
because it's just hot off the press. Oh dear, have
you ever heard of the crypto exchange by bit b
y b I T Have you ever heard of it?
I had not.
Speaker 4 (37:09):
They trade strictly doggy coin on that. And don't forget, guys,
don't listen. And this is a this is a real
one guy, so please forgive my language. But the fark
coin probably trades on the doggie on the well, on
that exchange too.
Speaker 5 (37:24):
Well, that crypto exchange.
Speaker 4 (37:25):
Did you know?
Speaker 5 (37:27):
I thought you were teasing.
Speaker 4 (37:27):
No, that's real.
Speaker 5 (37:29):
Well that exchange is one point five billion dollars lighter
because they got hacked.
Speaker 4 (37:35):
Why did they mention it in dollars? See what I'm
not with, guys, And again no one is.
Speaker 5 (37:38):
They're trying to put it in perspective for everybody.
Speaker 4 (37:40):
I know, I know, I know, but but again, kind
of that point my point, can.
Speaker 5 (37:45):
You imagine last night, I had a million dollars in
this thing, whatever it is, and I woke up this
morning and I went online and checked my account. It's
a zero.
Speaker 4 (37:58):
I don't even know what to I. Guys.
Speaker 5 (38:00):
Now, the guy who does this has written books on it.
You know, he's a big boy professor of economics at
Chicago's Booth School. I mean, he knows his stuff. But
here one thing. He has a website where he's published
all the major crypto thefts for the last few years
(38:22):
is incredible. So if you are interested, it's Eric E. R.
I C Bootish b as in boy you deis and
David I s h dot org and there's thirteen plus
pages of the hacks and some of them are are
(38:43):
scary scary. So in case you haven't caught on im,
I'll never be a crypto.
Speaker 4 (38:49):
You're not a devote You're not an adopted no and
you know what you know what, guys, I think, especially nowadays,
I'm going to say this, especially within this pullback that
we're in right now, I'm going to go so far
as to say this, if I can utilize Michael mentioned
(39:09):
one particular individual equity investment. Again, it's not a solicitationd
by Biseller. Hold, if I could look at some other
individual equities that have just been run over but present
tremendous value cash flows, all the good stuff, guys, and
I can use a pillar two where I can scoop
up right one of the world's largest hedge funds. I
(39:31):
can put full right, full principle protection under it. Right,
I can do that all. Now I can provide death
benefits to my family. I can do Ready for this, Mike,
I can include pillar four and be all NASDAK supersack, right,
all Nasdak supersack. Why get into this stuff? Why?
Speaker 5 (39:50):
I think, Well, here's why. Look at the absolute explosion
of sports betting. Okay, I have friends that are betters. Yeah,
they're not betting enough money to change their lifestyle. It's
I'm gonna be smarter than the bookie. I'm gonna be
smarter than the other people betting against me. There are
(40:12):
a lot of gamblers out there in the investment world
as well, you know, riverboat gamblers who will take a
tremendous risk and if they work out, that's fabulous. I
don't want to be on the inside.
Speaker 3 (40:23):
I'm put to your point, Mike, but I think it's
I think it's that mentality.
Speaker 4 (40:27):
I'm you know what again, I listen, I'm okay. If
you're placing your risk in pillar one, right, If you're
placing your risk in pillar one, complimentary, right, you work
with us, We compliment what you're doing elsewhere.
Speaker 5 (40:38):
If you put a realistic waiting correct.
Speaker 4 (40:41):
You're putting your risk in pillar one something that and
again doesn't mean it's gonna work, doesn't mean it's going
to appreciate tremendously. But if we're looking at some traditional
securities that have been run over literally.
Speaker 5 (40:54):
By a steam roller, right, why would maybe there's a chance.
Speaker 4 (41:00):
Well done? Mike absolutely, absolutely, absolutely well said why why
mess around? Guys? And that's that's all we're saying. I
mean nothing, nothing other, nothing other than that. But again,
if doggie coin and part coin are your thing about it.
Speaker 5 (41:13):
You know things real, you're just teasing.
Speaker 4 (41:16):
No, Mike, you gotta I'm telling you you're a doggy coin.
You wouldn't believe, you wouldn't believe you honestly, what do
with it? I don't know.
Speaker 5 (41:24):
I think so I buy it. I can't go to
the market and get my milk with it. You know
what do I do with it.
Speaker 4 (41:31):
Well, you can't get your milk with pillar two, though
if you you can, you can't hit your milk.
Speaker 5 (41:38):
What do I do with this thing? If I buy it?
What if I buy a bitcoin? What do I do
with it?
Speaker 4 (41:41):
I I get you don't do it? Well, again, you
have to swap it for a hot dog somewhere, I
mean outside, or pray there's a greater fool and they
push the price up and then you can convert it
into something. To your point, Mike, it has to be converted.
Speaker 5 (41:53):
Right, yeah, because sits in these electronic wallets. Right, it's
it's not in your own account, it's it's in this
thing in the sky.
Speaker 4 (42:01):
Michael, I don't know. Listen, we've been talking guys, and
you guys who've been with us for a moment one
more than a couple of years now, probably three years.
You guys have been with us from moment one. You know,
we were talking about the shiny stuff before it was
cool kids. You know, we were talking about gold in
portfolios and diversified portfolios. You know. And that's not after
the fact. That's not after the fact. That's up literally
forty percent year year. That's not after the fact. It's
(42:24):
we were talking about it as part of a portfolio.
We're not talking about converting your iris to gold. I'm
working with Sammy Slow and all that stuff. We're not
We're not talking.
Speaker 5 (42:33):
Anytime you turn on television, right right, it's one gold
or silver commercial after another.
Speaker 4 (42:38):
Guys, we weren't talking about that, and we still don't
talk about that. And you guys know that you come in,
you get your pillar ones beautifully allocated, complimentary, complimenting what
you're doing. But Mike, we have talked about this now
for a couple of months, and I the more and
more I think out loud, is we're as we do
on these airs so often. I have no idea if
(42:59):
I want to be NDX, I want to be the
Nasdaq one hundred, right. I want to be the biggest
of the big in the Nasdaq. I want to be
the Hoogles, the Amazons, the Videos, all of the above, Right,
I want to be these guys. And I can do
that in Pillar four and I could put year to
year protections in place. And oh, by the way, if
(43:21):
I don't want to be the NDX after two years,
I don't have to be. Is there a better way
to play this game that you can think of. No,
mil I'm asking.
Speaker 5 (43:30):
I don't want to get in the weeds. But what
I like to do is, as you mentioned before, you
can go buy a CD or a treasury for a
period of time. I want protections over every year beyond.
And I keep rolling them, right, And I keep rolling
them because I'm trying to take that random walk of
(43:52):
Wall Street, right, that pain out of the equation and
different timeframes, I'm gonna have different levels of protection.
Speaker 4 (43:58):
Well, let's make this really simple, Mike. Let's say if
I'm listening right now, right, I'm listening, Okay, I'm a
devote I'm listening. I've got a pot of money, right,
I've got money sitting in the bank, as you always say,
I I got money sitting in the bank right, earning
next to nothing, whatever it happens. Today, I'm looking for
an investment vehicle, right. And I know some of these
Nasdaq stocks, right, some of the biggest of the big
(44:21):
which again potentially present the most value, potentially not a
so statia byseller hold. And I want to put that
money to work. I meet the product minimum, right, whatever
the product minimum happens to be for pillar four, right,
whatever their minimum initial investment is why wouldn't I call
us or get on the web and do that Monday morning.
Speaker 5 (44:39):
But it doesn't have to just be the NDA.
Speaker 4 (44:41):
But that's my point, Mike. I'm saying, right now, you
be the Ndax and next year, maybe I get Next
year you want to be the Russell.
Speaker 5 (44:47):
Maybe in six months, I don't.
Speaker 4 (44:49):
What if you want to be the Russell next year?
What if you want to be the s and Pig?
Speaker 5 (44:52):
What if I make it? I score? Then I say point.
Then I say okay, I want even a little bit
more protection. I want my gains to be protected. And
maybe I want a different timeframe. The chess pieces can
be moved in all directions.
Speaker 4 (45:06):
I just Mike again, guys, just thought. Just food for
thought here on a random weekend. Food for thought. Guys,
if you're one of those people you're sitting around, you're
looking for something intriguing, something different, right, something different. I
can't think of a better academic right from an academic standpoint,
from you know, from an academic finance standpoint. I can't
(45:28):
think of a better way to own those nastac securities
in a basket other than pillar four. I can't. I've
got full death benefit, all of the above.
Speaker 5 (45:37):
Yeah, tax deferral, tax deferral, all of the above. That jazz,
it's in my opinion, it's for people who want to
be just a little bit more hands on than the
mutual fund. Then say Pillar two where we can put
things on autopilot. Yeah, so if.
Speaker 4 (45:57):
You like a little bit of action, your Pillar four.
Speaker 5 (46:00):
Yeah, that's it with your protections.
Speaker 4 (46:02):
Yes, because it all guys. So that's all we talk about.
Speaker 5 (46:04):
Because I have conversations, Hey, should we be contrarian and
start thinking about the mid cap stocks? We can have
that conversation.
Speaker 4 (46:12):
Absolutely, absolutely, we'd love to talk about the Russell What
about Russell? Russell's down over ten percent in a week
and a half.
Speaker 5 (46:18):
Say, if you think interest rates are gonna come down,
if you think regulations will be less, you might want
to think of the smaller names. How is that?
Speaker 4 (46:26):
And that's a great way to close the show, guys. Again,
ideas shop, that's what we are. Let's talk Pillar four.
Best way to get in touch www dot Madison Managers
dot com. And again the deal of the week.
Speaker 5 (46:40):
Guys.
Speaker 4 (46:40):
We normally don't do deals the week, but again Madison
tope Bag, they're absolutely, absolutely gorgeous. Let us know right now,
get DoD version two point zero. Okay, you don't need
to get two. If you don't need to get one
to get out, get five. If you need five, pair
it with with the nationwide the tax guy and just
say you want you want the special offer right now. Www.
(47:01):
Dot Madison Managers dot com will get it out. It's
all free. Thanks guys, we'll talk to you in the office.
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Member finraw as IPC oasaic Wealth is separately owned and
other entities and or marketing names, products or services referenced
here are independent of Osaic Wealth. Madison Wealth Managers and
Osaic Wealth Inc. Are separate and unrelated companies. Information provided
is for illustrative purposes only and does not constitute investment,
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(00:21):
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Neither Osaic Wealth Inc. Nor Madison Wealth Managers accept any
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(00:44):
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Speaker 2 (01:04):
You are about to experience the planning for prosperity Show
three two.
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Who here?
Speaker 4 (01:18):
Oh, I know this Natalie Merchant?
Speaker 3 (01:21):
Yes, name that tune?
Speaker 5 (01:26):
Is it just Natalie or ten thousand maniacs?
Speaker 3 (01:29):
Oh wow, mister Brown?
Speaker 1 (01:35):
That end?
Speaker 4 (01:36):
I'm Daniel Plansky. I got the end on that one.
Welcome aboard the cruise ship. Everyone. You guys know we
always thank you big, thank you. So you guys really
literally rocked the boat last week requesting do D version
two pointos. We've got so much to get into their
guys again d D two point zero. If you're not
(01:57):
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Might stop a nine millimeter round.
Speaker 4 (02:15):
It's all of the above, everyone, and again, it's not
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Speaker 5 (02:26):
Whoever you're passing this terrible ball to exactly.
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That's the most exactly. Guys, you need you need help.
I mean, guys, you're gonna you're gonna need You're gonna
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Speaker 5 (02:45):
And uh, the twenty twenty five tax guide. That's gonna
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the House passed the tax bill, no tax is on
tips Security. Over time, I've gotten half a dozen phone calls.
Am I gonna get? Am I gonna be able to
(03:06):
not pay taxes on my Social Security? Now? Do we
have to make some planning? We're a long ways away
from this, how about a long way?
Speaker 4 (03:14):
But I'll give you a real simple.
Speaker 5 (03:15):
We'll get that tax guide and have it in your hands.
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And guys, that's from nationwide, Okay, that's from one of
our And again we're allowed to have favorites, favorite favorites,
everyone has them. It's from one of our favorite sponsors
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Speaker 5 (03:35):
Just think of how many people if this goes dan
and it's always a big if anything can happen, how
many people this is gonna impact their tax return? Maybe
not some if we're just using a standard deduction, Okay,
but for people who have a bit more complex tax return,
you're gonna want to get this.
Speaker 4 (03:53):
Yeah, no, grab it, guys. Again, it's a freebie. That
one we can zap to you. That one we can
email right over to you. We can send it to
tack form whatever you like. If you want to package
it up with a couple of dods, okay, we can
do that too. It's all free, guys. We gotta underline
that free, free, free, free, free, because I think you
know a lot of you said before you became Devoteyes,
he said, g Stan, we really didn't believe it was free.
(04:14):
So guys, it's free. The shipping's free. There's none of
this twenty dollars. There's no FedEx bill coming in the mail.
So the way to do it is www dot Madisonmanagers
dot com. Okay, so you guys like how I spell
it out, www dot M A D I S O
N M A N A G E R S dot com.
(04:35):
Use the textbox. There's a bunch of them, and just
let us know. You're looking for d D two point zero.
You're looking for the stuff that we're talking about. You're
looking for nationwide whatever that happens to me. Now, I
was told by multiple of you last week. Pleause. MIKEL
and I we had a little laugher last week. And again, guys,
we don't rehearse the show. This is all on the run.
Speaker 5 (04:57):
All we walk in and say, as what do you
we have to talk about?
Speaker 4 (05:00):
Absolutely, and Mike and I actually couldn't stop laughing, and
a lot of you couldn't either, because the way that
it came out just sounded so funny. Mike, because we
were talking about something with respect to We were talking
about the pillars, and we're talking about how whether you
want to look at the four traditional pillars or at
our fifth right, at our fifth specialty pillar right then
(05:21):
it's either three out of four or four to five
offer full death benefits. Okay, And we don't talk about
that enough, okay, because we view that as in the weeds.
That's kind of a secondary item to us, okay. And
it came out where we said, if for whatever reason,
if you don't care about principal protection, if you don't
want any principal protection, and you don't want any income guarantees,
(05:44):
so you don't want to check coming in your mailbox,
if that doesn't appeal to you for whatever reason, If
for whatever reason that doesn't appeal to you, please please,
if you have a family, family meaning spouse, meaning kiddos
meaning home ever, right, and you actually care about that
particular beneficiary, then maybe that's the reason to give us
(06:10):
a call, get on the website and let us know
you want to chit chat. Okay, when I go.
Speaker 5 (06:17):
If I didn't have any kids, I wouldn't care, right,
But because I'm gonna have Pillar two in place, I'm
gonna have my income in place, I'm gonna have my
fixed costs taken care of. So I understand that one argument.
But everybody else has a family, and you're doing this
(06:38):
for them, not you, right, they're your obligation, not the
other way around. Especially the kiddos. You brought him into
this world, they're your obligation till the day you die.
Speaker 4 (06:50):
Well, let me, let me get into this because you know,
and I had a great discussion with an existing client
who has pillar two. Okay, he's got pillar two in place,
and he he is pillar two. I would say this
in its most impactful form. Okay, And we got into
the weeds mic, And it's really interesting when you really
get into the weeds. You know, when you actually begin
(07:14):
taking your withdraws in pillar two, right, then you happen
to experience that market setback and you pass away right
ninety nine point nine ninety nine percent of everyone, Nor
would you ever almost all of us because we we
would have no reason to realize this. The death benefit
(07:35):
even comes into play then, in that even when you're
taking you withdraws, absolutely you can't be hurt by the market.
Speaker 5 (07:42):
You invest a million bucks, don hm, and you're taking
out your seven percent. Yep, it's great. Now if the
market is flat, you're gonna have nine hundred and thirty
thousand perfect. What if the market goes down forty percent?
Speaker 4 (07:55):
Well done? Well done?
Speaker 5 (07:56):
Right now, I'm at what five hundred and eighty if
I don't have the protection. That's where my kids get
the five eighty instead of the nine thirty. Guys, you
heard this right, What are we doing here?
Speaker 4 (08:07):
And you know what, Mike, and it really hit home
this week and we welcomed, you know, we welcome to
a new business, new business owner and his family on board.
And this is you know, this is what really hit home.
And Mike, I think we do a really good job
of this when we explain pillar two. If you want
to be the US DOC market, I want to be
the S and P five hundred, right, I want to
(08:29):
be the S and P five hundred.
Speaker 5 (08:30):
Love it.
Speaker 4 (08:31):
I want to put it in pillar two. So I
have a guaranteed withdrawl rate for life, come hack, high water,
whatever happens. Okay, my neighbor's also the S and P
five hundred, except he doesn't want to guarantee. He's one
of those people that hates guarantees and he hates his
family right because he doesn't want a death benefit. He
hates all of the above. Okay, here's the point. Here's
(08:54):
the point, guys, and this is where clarity comes in.
This is where it really hits home. I think you
both begin Remember, guys, same underlying investment. You both begin
taking your seven percent right, which if it's not guarantee
here per year, which if it's not guaranteed, is a
mighty hefty withdrawal rate. Okay, you both start taking your
(09:15):
seven percent. You come across a rough what we call
a negative sequence of returns, right rough patch in the market, which, oh,
by the way, over the last couple of decades, has
been quite often. And here's where the real value, saying said,
the account goes to zero right withdraws mark, bad market,
blah blah blah. Here's the real power of the model. Remember, guys,
(09:37):
same underlying investment. But your neighbor hated his family and
he hated the guarantees. Okay, he goes to zero, and
he's going back to work whilst you're walking out to
the mailbox to collect your check. You can wave to him.
Speaker 5 (09:51):
You're still getting you can wave to him, you're seventy percent.
Speaker 4 (09:54):
You can wave to him.
Speaker 5 (09:57):
Guys, just don't smile. That's rude.
Speaker 4 (10:00):
That's the pdn't don't don't smile, And that's because you
loved your family.
Speaker 5 (10:04):
Everyone.
Speaker 4 (10:04):
So again, if we can educate more. Please let us
you guys spend great lately. Www dot Madisonmanagers dot com.
It's m A D I S O N M A
N A G E R s dot com. Use the
taxbox again, guys, Grab your D O D two point
zeros for you and your family. You've been fabulous. Mike's right,
Grab the Nationwide Tax Guide. Okay, and again set your
(10:27):
appointments so that we can at least educate over the phone.
Get you started that way, and then we'll get you
in the office. We'll see right back.
Speaker 2 (10:36):
You are about your experience the planning for Prosperity Show
three two wore.
Speaker 4 (10:48):
Hol on. Hold on, you wrote this about his kids.
Apparently you believe this story if you but the story,
Dan Polansky, Michael Brown, Managing director, Michael Brown, mister producers,
you're sharp today, mister producer.
Speaker 5 (11:07):
Who what do we have there?
Speaker 4 (11:09):
He's a shine press man today. Look at that nice
christ I would call a titanium with a little bit
of like powder blows wah, powder blue. I'd have to
see closes is a real good look.
Speaker 5 (11:23):
Yeah, he just looks it's like a light purple.
Speaker 4 (11:26):
He just looks better now that he has the waight
back on. He really does.
Speaker 5 (11:30):
I think you should stop encouraging him.
Speaker 4 (11:32):
Planning for a Prosperity Radio hour. In case you're new
to the cruise ship. Everyone, by the way, welcome board.
It's the planning for a prosperity radio our cruise ship.
We all. We actually have a model of the cruise
ship that was provided by one of our favorite clients,
one of our favorite listeners. A sweetheart, miss Mary. You're
out there listening. Love, you're out there listening right now.
And we cherish it. We cherish it in the studio
(11:54):
every single time we do these We do these airs.
But where was it going with us?
Speaker 2 (12:00):
Mike?
Speaker 5 (12:00):
I was talking about, Well, I know you're chopping at
the bit to talk about that thing in your right hand.
Speaker 4 (12:06):
Oh wait a minute, waiting here, you're so excited. Here,
here's what, Yeah, here's let's let's go. Let's go there, guys. Okay, okay,
let's start again.
Speaker 5 (12:16):
Just need a good chuck.
Speaker 4 (12:18):
Just a reminder www. Dot Madison Managers dot com. M
A D I S O N M A N A
G E R s dot com. Use the textbox. We
want you to grab d D version two point ohs.
We want you Grab two okay, because it's not just
about you, it's about your beneficiaries, executors, trust is all
of the above. Whilst you're out of MIC is exactly right.
Grab the nationwide tax Guide for twenty five guys. So
(12:41):
this is forward looking. It's going to help you plan
for this coming year. Okay.
Speaker 5 (12:44):
So and as we get through the year, who knows
what's gonna happen or if anything's going to happen at all,
but you'll have that in your back pocket.
Speaker 4 (12:55):
Yeah, that's what it's all about. It starts to evolve
and we can talk to you can talk with our
account what you like, guys, But it's all there, Madison
Managers dot Com. Use the textbox, just let us know
how we get it to you. That's the critical piece.
Now we had, Michael. We came together probably a year
ago or so, and we just had to come up
(13:18):
with a name for the standardized portfolio that is being
pitched sold because this is literally being sold. It's being sold.
Speaker 5 (13:26):
Because nobody's walking in saying I want that that really
mediocre thing.
Speaker 4 (13:31):
At any big box superbank near you, brokerage, whatever it
happens to be. Okay, this is guys, and we'll be
blunt about it. They're being pushed to push you into this.
It's it's it's that silly.
Speaker 5 (13:42):
Because it is the most profitable investment for the house.
Speaker 4 (13:48):
Many times special share classes will be utilized, making it
non transferable. Okay, if your advisor happens to leave a
lot of different reasons why they do it. And now
one of our dear friends came in. He's a pillar,
he's a pillar to devo tie. And he came in
and he said, you know, Dan, I've had this account
(14:09):
over at Big Box Superstar. I said, ah. Once I
heard the name, I said ah. He happened to make
the mistake. He walked into the branch. Okay, and this
was years ago.
Speaker 5 (14:20):
These are all banks now, right, They blew themselves absolutely correct.
Speaker 4 (14:24):
This is a brokerage, yes, correct, Mike, this is truly
a brokerage that somehow became a bank. But we won't
even go there. Walked into the bank. He inherited some
money from his dad, right his dad passed away. What
do I do with this money? Mister? I guess, broker,
I don't know, whatever you want to call it. Whatever,
mister broker said, gee, well we happened to do this
thing here, and we call it the Chief Investment Officers portfolio.
(14:51):
Now that smells like blueberry to us. Okay, and I
said yeah, I said, no, no, or.
Speaker 5 (14:57):
Maybe we should start calling it that.
Speaker 4 (14:59):
I said, well that's what he's I said, you have
the blueberry pie portfolio. Stand what he goes? What on
earth you're talking about? I said no, no, no, I said,
it's neither good or bad. I said, let me just
explain what you have. I am not looking. I said,
what's your principal value? And again, guys, principal value is irrelevant,
but it's it. It only goes up from the number
I'm gonna give. You're gonna fall off. Wherever you are.
Hold onto the steering wheel if you're driving, hold on
(15:20):
to your seat, right, if you're laying in bed, hold
on to the side rail, hold on to the girders. Okay.
This was roughly fifty thousand dollars. Okay, roughly fifty thousand dollars.
There were North North. All you need to know is this,
There were north of thirty separate mutual fund holdings. Can
(15:42):
you imagine the number of times Michael and I know
this is your favorite thing Can you imagine the number
of times the Wilshire five thousand was literally duplicated over
within that particular portfolio. Could you imagine that I'm times
to paint it over?
Speaker 5 (15:56):
Oh my lord? Third real. He bothered me the most
when I was looking at the size the transactions.
Speaker 4 (16:05):
Oh yeah, So I brought in the transaction. I brought in, guys,
what I did to show what I did to show Mike,
because it was a funny, because I had to put
one of the industrial staples through it to hold this together.
I brought in the roster of the sales, the sales
of these particular securities.
Speaker 5 (16:21):
And now everyone just realize there has to be activity
in your investment accounts so they can continue to charge
you fees.
Speaker 4 (16:32):
And what did you see, Michael?
Speaker 5 (16:34):
I saw some real, you know, impactful movements of some
of these movies. I saw four hundred and one dollars.
I saw four hundred and sixty dollars. I saw six
hundred dollars. What are we doing here?
Speaker 4 (16:51):
Well, he didn't know, because they never cared to ask
him what he wanted to accomplish. Because when he sat down,
such a fraud. Guys, guys, guys, guys, these people. And
again we're not being mean, we're not disparaging those at
these other big bank superstores. They're just doing what they're told.
They're doing what they're doing what they're told. Guys, they're
(17:12):
not going to ask you what your goals, what your goals,
your concerns, your wishes are. They may ask, but they
don't care. Make the mistake, they don't care because if
you listen to our client, have you listened to our client,
you would have immediately if again, if you even understood
what pillar two was, or the investments that make up
pillar two in our you know, in our in our
visual if you will, you would have immediately said, well,
(17:33):
you want guaranteed withdraw dollars in retirement. That's what you're
most concerned with, sir, Yes, And then you would have
moved in that direction.
Speaker 5 (17:40):
Right, And and we're not going to have useless movement
for the sake of having useless movement within your accounts.
Speaker 4 (17:49):
Well, that's that's also that's also what I that's also
what I explained, Dan.
Speaker 5 (17:54):
Just thinku about what if that was after tax money.
They're killing that person. Oh, they're killing them with that
Chief investment officer reports.
Speaker 4 (18:01):
What do you mean what if oh I know what, Michael,
what do you mean? What if it is after tax?
Speaker 5 (18:09):
You're just trying to get my blood pressure up today.
Speaker 4 (18:11):
Guys, guys, case, guys, listen, here's the difference. Okay, we
educate first, second, third, fourth, fifth, and six. There is
absolutely no one that comes to the process with us
at Madison and says Chi, I feel like I was
just sold something. It is never ever ever going to
(18:35):
be the case, and it's never been the case. Right,
it's education first, second, third, fourth, fifth, sixth. That is
literally what the planning for prosperity series, right, our educational series,
the dods, the you know, all of the white papers,
all of the nationwise, that's what it's built on.
Speaker 5 (18:53):
Guys. So Dan, we're talking about these silly investments, the
Blueberry portfolio, et cetera. I saw one earlier this week
that had me laughing so hard. And this is by
one of the largest investment firms on Wall Street and
they're considered private equity, and the portfolio is called unearthing
(19:16):
successful companies through corporate carveouts. I don't even know what
that means, but this is what they're selling people.
Speaker 4 (19:26):
I can invest in on I don't.
Speaker 5 (19:28):
Know why you would, but yeah, oh it's a real thing.
Speaker 4 (19:33):
I can be carved out.
Speaker 5 (19:34):
You can. You can be unearthing successful carveouts.
Speaker 4 (19:39):
O smokes.
Speaker 5 (19:40):
Oh this is what they're.
Speaker 4 (19:42):
Guys, and A and again the innocent. The innocent shall
remain nameless. But there was a portfolio. And again, Mike,
really this is this is not an exaggeration. There was
a mutual fund in the Blueberry Pie portfolio, the Chief
Investment Officers portfolio. It was something the title of the funder,
the name of the fund was something like Undiscovered Fund
Manager's Fund.
Speaker 5 (20:03):
Okay, okay, Mike, who makes this stuff up?
Speaker 4 (20:09):
Mike Again, guys, guys, let's keep it super cleanly because
I think that's part of what we do best here. Mike.
Speaker 5 (20:16):
Don't you do you think that fella could explain to
anyone what is happening there versus I don't think these
He says. Pillar two, I have income for life. Pillar three,
I principle is protected and I'm shooting for the stars absolutely.
Pillar four, I want to be more involved and have
different moving parts.
Speaker 4 (20:35):
I'm Index boy. Pillar four. Pillar four is really simple.
I'm Index boy, but I want protections.
Speaker 5 (20:39):
My mother is in her late eighties. Right, she could
explain to people how her money's investment.
Speaker 4 (20:44):
Hundred percent, even if you want to go Pillar one, right,
even if you want to go even what we look
at in capital markets, right, Hey, my capital markets positions,
my positions compliment, Right, they're meant to compliment my existing
protected investments.
Speaker 5 (20:59):
Right, very simple, and I'm I gotta te up the
next segment. Oh because fast, very very quietly, a certain
company is up fifty five percent in six weeks. And
it's not who you think. It is.
Speaker 4 (21:17):
Very interesting, Michael going to break guys, Let's learn a
lot more here. Let us educate, as we always say,
www dot Madison m A d I s O N
Managers dot com. So it's m A d I s
O N m A N A g E r s
dot com. Use the textbox. We got d ds, guys,
We've got DoD version two point zero. We got the
(21:37):
Nationwide Tax Guide, which is just pure gold. And you
guys are again it'll really heat up here with you
guys in the next couple of weeks as you really
turn your attention to taxes because this is about next year.
And again, guys, set your appointments so we can educate first,
and then we can really get into the nitty gritty.
We'll see right back.
Speaker 2 (21:57):
You are about your experience with the planning for prosperity
shows three.
Speaker 4 (22:04):
Here, Oh this is your guy. What's the same? Oh
he's great? Any money yum? Michael Brown wants to go
back and we're dancing in the studio. Great job, mister producer.
(22:26):
Kaan Polansky, Michael Brown, say, here's my bank and wealth
managers for the weird.
Speaker 5 (22:30):
Here's my biggest fears. He's just on a roll. I
don't want him to spill his candy in the lobby
with the next one.
Speaker 4 (22:36):
Crap out, right, He's gonna he's gonna really crap out.
Because you are hot at the table today, mister producer,
I think you might have gone into the drawer, shall
we say, the drawer of inspiration. Thank you, miss Mary,
you're listening. I know. Happy weekend everyone. Michael Brown is here.
I Dan polanskime here, mister producer is here. We've gone
(22:59):
all over for the board today. I mean we've gone
everywhere from again DoD version two point zeros. Guys, grab
your copies again. It will help. It absolutely will help,
and you'll never you will here's the issue. You never
know when you're going to need it. Because guess what,
I had a very real conversation this week and guys,
the way you get your dods www dot Madison managers
(23:21):
dot com. This is why you need your dods. Guys.
Clients of ours here at Madison called just to check in,
chit chat about the market movements, shall we say? And
I got the wife husband, wife and wife didn't sound
great doing? Okay, no, Dan, not really, how you care
(23:43):
to share? Well, Mike, she was sitting in the parking
lot at the Bigley Wiggily and her husband was walking
through the walking through the crosswalk at the Bigley Wiggily
and he was run over. Oh my, he was run over.
So again we obvious sleep, prayers and thoughts and well
wishes and intensive care all of that great stuff. Guys.
(24:06):
That's why it's not if it's when, Mike. That's the point.
And we're not trying to be sad. We're not trying
to be downbeat.
Speaker 5 (24:15):
No, just the opposite.
Speaker 4 (24:16):
It's well done.
Speaker 5 (24:19):
We're planning for that's what's going to happen. That's to
all of.
Speaker 4 (24:23):
Us, absolutely, absolutely, one hundred, one hundred and twenty percent
to twenty percent the case.
Speaker 5 (24:31):
So I have a question for you.
Speaker 4 (24:33):
Okay, what do we got? What's that security? What were
we talking about the way you kind of let us in?
Speaker 5 (24:37):
Ye, we did not a solicitation a buy seller hold Daniel.
Speaker 4 (24:41):
Yes.
Speaker 5 (24:42):
January one of this year, was it eighty dollars? Okay?
This week it hit one hundred and thirty nine dollars. Sweet,
and no one is talking about it.
Speaker 4 (24:51):
Okay, wait a minute.
Speaker 5 (24:54):
Is it individual stock? Yes?
Speaker 4 (24:57):
Yes, yes, individual stock, large, cat, midcaps small? Where are
we at.
Speaker 5 (25:02):
An enormous cap Chinese?
Speaker 4 (25:05):
Oh, it's our favorite a boy we use.
Speaker 5 (25:08):
Why isn't anywhere now? That again, it's.
Speaker 4 (25:12):
Ali Baba, guys, it's Alli Bobby's okay.
Speaker 5 (25:14):
But everyone left him for dead. Well you know the
entire year. Well, and now it's now very quietly it's up.
What's going on?
Speaker 4 (25:23):
Well, there's an old adage here. And remember, Mike, we
used to turn within this regime before everything went upside
down in this in this regime, right when we talk
about markets, guys, and we talked about the time Perio,
we call them regimes. Okay, there was a time where
we would give you red light, green light, and one
of the areas that was really really important to the
market's health overall was how Chinese equities were performing. Okay, Now,
(25:47):
we're in a regime where, quite simply put, we really
can't put our finger on any rhyme or reason as
to how I.
Speaker 5 (25:55):
Don't think there's any correlation.
Speaker 4 (25:57):
No, no, the moment. But let's go here, guys, let's go here,
because there is an again not a solicitation to buy
a seller hole, but there is an ages old adage
on Wall Street goes like this, good things tend to
happen to inexpensive securities.
Speaker 5 (26:13):
Okay.
Speaker 4 (26:14):
Now, also, markets can and do often stay irrational longer
than you can stay solve it. However, guys, that's why
we talk about when we have the pillars in place.
Speaker 5 (26:28):
Okay, it's your permission, slip.
Speaker 4 (26:30):
It is your permission, slip to maybe wait a little
bit longer. For a company that's pe ratio literally looked
like a Moscow cement factories. Okay, Yet they were buying
back six you heard that right, guys. You over year
they shrunk six percent of their float, meaning six percent
of the company's gone. Just think about that, go on,
(26:50):
go on, going, go on in one year, Okay, So
the point is this guy's it was an incredibly inexpensive stock,
and Mike schriid it's up enormously and would it shock anyone?
And again not a solicitation by seller, hold it factacy opposite,
in factas the opposite. It's a stay stay away if
you don't have your pillars in place, right, stay away.
But I'll say this, I'll say this right, if you
(27:11):
have your pillars in place, would it shock anyone if
it moves higher over the next twelve months, twelve to
eight two months with shocking Mic, not at.
Speaker 5 (27:18):
All, No, not at all, because because I love that
it's under the ratio these and we always want you
start hearing this in all the media outlets, and that
it's time to say goodbye. We want to want on
a date with the stock. We didn't marry the stock.
Speaker 4 (27:34):
And guys, this is to Mike's point, this is your permission,
slip to play nicely in pillar one when you have
your protections in place, right, this is your and Mike,
that's it. That's a fascinating that's a fascinating individual equity
to bring to bring up I was just going to
bring up Mike the you know kind of the souper
making of these markets out there. We talked about this,
(27:54):
We talked about the setup, we talked about februaries, we
talked to all of the above. But here's the thing
that you guys have to understand is that pillar three,
when we talk about version two point o, which so
many of you guys are adopting so quickly, and you're
doing a great job of it, there is a way
that if you don't want to have stumbles, pitfalls, broken ankles,
(28:16):
whatever you want to call it, along the investment path. Okay,
there is now a way in the state of New
York that has never been seen before. Okay, in that
we pick an investment term. Okay, just like a bond, right, Eddy,
our CD right, gonna sit in the investment for this
long right, This is my commitment to you.
Speaker 1 (28:37):
Right.
Speaker 5 (28:37):
But you can't go out forever, can't go out forever.
Speaker 3 (28:39):
We should.
Speaker 4 (28:40):
We wish you could go further out. Here's the point, guys,
here's the point is that we can be growth. We
can be hedge fund. You heard that, right. We can
be one hundred percent in a hedge fund, and a
hedge fund just so happens to be one of the
world's largest depending on the second. Okay, we can be
one hundred percent in that hedge fund and at the
end of the investment everything works out. Great. Congratulations, Thank
(29:03):
you Mike, Thank you Dan, Thank you Madison. Where are
my winnings? Here's all your winnings, enjoy them.
Speaker 5 (29:10):
What do you mean there's no cut to the.
Speaker 4 (29:11):
House, exactly. And then you would say, wait a minute,
there's a house. Take a cup. No cup, you take
all the winnings. But here's the other thing. If the
world happens, as Michael likes to say, because there were
a lot of things we talked about last week with
the mister Walmart, right, mister Walmart talked about the world,
they didn't talk about Walmart right sent the market on
a spiral. Right arguably got the spiral.
Speaker 5 (29:29):
Sorry, all you have to do is turn on any
TV channel, right and it looks like a terrible Hollywood
exactly movie.
Speaker 4 (29:36):
So death and destruction, point being, is no matter when
that no matter when the world happens during this particular term.
If at the end of the term you are down money,
meaning you've lost money, and investments and investments can and
do lose money, everyone guess what you get every waking
penny back. You heard that correctly.
Speaker 5 (30:00):
If I put in a million bucks, market goes down
fifty percent, everybody else has five hundred thousand. I have
my million back, and I'm reinvesting when the market is
very low. Isn't that the premise. Isn't that we learned
in financed one on one, you know, one hundred years ago.
(30:21):
Isn't that what that buffet guy used to talk about.
Jamie Diamond used to talk about that. That's weird, that's
what we're doing.
Speaker 4 (30:30):
But here's the play, guys, here's here's a really good point.
I don't believe they can offer this forever. No, no, no, no,
I don't believe. I don't I don't believe. I don't
believe that they could offer this forever because simply put
the cost of hedging this alone, if you start to
take on too many assets, becomes a big, big burden
on the institution.
Speaker 5 (30:50):
Okay, they all, we've talked about this. They all do this.
They don't tell us how many pounds they want in
their shopping cart. Yeah, yeah, we just get an email
in the dark of night.
Speaker 4 (31:03):
Always on Sunday, Always on a Sunday, and day.
Speaker 5 (31:06):
You have three days to get your paperwork in and
then it's overweight.
Speaker 4 (31:10):
And that's it, guys.
Speaker 5 (31:11):
And that's not them being no the mean guy wearing
a black hat. That's the business.
Speaker 4 (31:17):
So many of you guys have gotten started with Pillar three,
and listen, we don't mind doing this, okay, even though
it's I mean from a from a you know, from
a let's put it this way, from a hard work standpoint.
That's the thing. Hard work never scares us. Okay. If
you walked into your big box superstore bank, okay, number one,
I doubt they even know what you're talking about. Even
if we were to give you the product name to
(31:38):
walk in, they wouldn't know. And then, make no mistake,
you wouldn't meet their minimum. Okay, make no mistake. And
we're just again, we're just differentiating ourselves here. But we've
had so much success with Pillar three, Pillar three version
of Wino in roth IRA's Mike. You know, even individuals
that are you know, they're getting started, they want to
do something a little bit different in their wrath. Why
wouldn't you so?
Speaker 5 (31:58):
Reason my favorite move is for people who have savings
outside of their retirement account, and it's going to become
more important than ever because everyone can talk about no
tax on tips and no tax on overtime, no tax
on sociecurity, and that's great, and they're talking about maybe
(32:19):
they can keep the current tax rates in place with
cuts to the budget and some kind of growth. The
world doesn't work that smoothly. Well done, well done, well done,
So don't bank on those things happening. They'd be lovely
if they did. Okay, but that's a big if. I
(32:41):
want to make sure that when half the world is
on fire and now the US is trying to become
the rare earth mineral broker of the world, you know
that's not going to go smoothly. When you've got the
president of the Congo reaching out saying, hey, we want
to get in this deal. It's gonna get messy, it's
gonna get sticky.
Speaker 4 (33:02):
And all of this.
Speaker 5 (33:02):
But my money, my money's not gonna be sticky.
Speaker 4 (33:05):
I was just gonna say, let's go back and all
of that, Mike, what you just described, okay, which may
sound like a sci fi movie, but his real world,
it's happening. The point is this, guys, all of that,
all of that comes back again to Pillar three, version
two point zero why would you knock.
Speaker 5 (33:23):
So, Dan, Maybe it all works out beautifully and maybe
in a few years forty or fifty percent awesome, take
your ball and go home. Oh say thanks, we have
and we've got Oh boy, this gets into so much
advanced leanning.
Speaker 4 (33:37):
Guys, we got a Rod White. Just cheat it up
for me. I'm so ready to go, Dan Polanski, Michael Brown,
Managing director, Michael Brown, Madison Wealth Managers, mister producers. Here
in the meantime, guys, do d version two point ohs nationwide.
Let's chit chat over the phone. Let's educate first on
the pillars, and then let's get you in the office.
Best way to do all of the above is www
(33:59):
dot Adison Managers dot com. Use the taxbox. We think
the best time is right now. We'll see you right back.
Speaker 2 (34:10):
You are about to experience the planning for Prosperity Show
three two yeer.
Speaker 4 (34:22):
You should know this, dude, It's just one of your
electric light show Happy Weekend. Ever, like dance Land Managing
director Wang.
Speaker 3 (34:33):
Chong, No, they weren't a one ahead wonder, I think
this is it?
Speaker 4 (34:39):
No, Wang Chong is Wang Chong Everyone fun tonight, Wang
Chung tonight. So they have two heads dance holidays. How
did she do this? That's a great one, Michael Brown.
I'm actually shocked. I should never be shocked at your
musical name, that tune trivia slide deck that goes on
(35:02):
in your mind, should I? Guys, if you guessed that
the theme, remember that all of our music has a theme.
Many times a theme is brought by one of you
who's a listener, who's a client, a very good client
of ours, a favorite client. However, this week's theme is
the good Old days. So if you guess the good
old days, come on in.
Speaker 5 (35:23):
We've got sodas, give you some swag.
Speaker 4 (35:25):
We got swag, we got sodas, we got whatever, we
got whatever you want.
Speaker 5 (35:28):
You know what. People, Over the years, we've had hats
and sweatshirts. The favorite are those nylon shopping bags.
Speaker 4 (35:35):
Oh without, Oh you're right, I love them. Oh we
got tons of those. Two we gotta give them. Yeah,
we start giving those, guys. If you want an all
kidding aside, guys. Www dot Madisonmanagers dot com. Www dot
M A D I S O N M A N
A G E R S dot com. I'm gonna put
it out there right now. Those of you in this.
This could be my undoing. I am going to say,
(35:57):
Michael rolls over because he knows where I'm going. Everyone
that requests two do ds, okay, you request two do d's,
and I want you to get the Nationwide okay. I
want you to get the Nationwide Tax Guide. Okay, because
that's for twenty five. We're gonna look forward and work
together with that. You guys, get two do ds and
the Nationwide Tax Guide. We're gonna get you a duffel.
We're gonna get your duffel going out there. They're absolutely awesome.
(36:19):
You're right, Mike. Gee here, why have we talked about
that on these areas?
Speaker 5 (36:22):
What's next? You mean to hand out ten dollars billings?
Speaker 4 (36:23):
No, well, let me make sure we understand. It's free, guys,
it's free. So right now, right now, a toughly poo,
A toughly poo goes out to you a Madison Wealth
Manager's toughly poo, two dods version two point zero Nationwide
Tax Guide. Okay, Nationwide Tax Guide, and we'll get it
straight out. Just say special say special offer. And when
you go to Madison Managers dot Com www Dot Madison
(36:45):
Managers dot com use the taxbox right now. Just say, hey, guys,
I want the special offer. Let us know how we
can get it to you. Because Michael's right, we're gonna
get those tuffles. We want to see tho duffles out there.
Speaker 5 (36:53):
Then, I don't know. I don't know if you read this,
because it's just hot off the press. Oh dear, have
you ever heard of the crypto exchange by bit b
y b I T Have you ever heard of it?
I had not.
Speaker 4 (37:09):
They trade strictly doggy coin on that. And don't forget, guys,
don't listen. And this is a this is a real
one guy, so please forgive my language. But the fark
coin probably trades on the doggie on the well, on
that exchange too.
Speaker 5 (37:24):
Well, that crypto exchange.
Speaker 4 (37:25):
Did you know?
Speaker 5 (37:27):
I thought you were teasing.
Speaker 4 (37:27):
No, that's real.
Speaker 5 (37:29):
Well that exchange is one point five billion dollars lighter
because they got hacked.
Speaker 4 (37:35):
Why did they mention it in dollars? See what I'm
not with, guys, And again no one is.
Speaker 5 (37:38):
They're trying to put it in perspective for everybody.
Speaker 4 (37:40):
I know, I know, I know, but but again, kind
of that point my point, can.
Speaker 5 (37:45):
You imagine last night, I had a million dollars in
this thing, whatever it is, and I woke up this
morning and I went online and checked my account. It's
a zero.
Speaker 4 (37:58):
I don't even know what to I. Guys.
Speaker 5 (38:00):
Now, the guy who does this has written books on it.
You know, he's a big boy professor of economics at
Chicago's Booth School. I mean, he knows his stuff. But
here one thing. He has a website where he's published
all the major crypto thefts for the last few years
(38:22):
is incredible. So if you are interested, it's Eric E. R.
I C Bootish b as in boy you deis and
David I s h dot org and there's thirteen plus
pages of the hacks and some of them are are
(38:43):
scary scary. So in case you haven't caught on im,
I'll never be a crypto.
Speaker 4 (38:49):
You're not a devote You're not an adopted no and
you know what you know what, guys, I think, especially nowadays,
I'm going to say this, especially within this pullback that
we're in right now, I'm going to go so far
as to say this, if I can utilize Michael mentioned
(39:09):
one particular individual equity investment. Again, it's not a solicitationd
by Biseller. Hold, if I could look at some other
individual equities that have just been run over but present
tremendous value cash flows, all the good stuff, guys, and
I can use a pillar two where I can scoop
up right one of the world's largest hedge funds. I
(39:31):
can put full right, full principle protection under it. Right,
I can do that all. Now I can provide death
benefits to my family. I can do Ready for this, Mike,
I can include pillar four and be all NASDAK supersack, right,
all Nasdak supersack. Why get into this stuff? Why?
Speaker 5 (39:50):
I think, Well, here's why. Look at the absolute explosion
of sports betting. Okay, I have friends that are betters. Yeah,
they're not betting enough money to change their lifestyle. It's
I'm gonna be smarter than the bookie. I'm gonna be
smarter than the other people betting against me. There are
(40:12):
a lot of gamblers out there in the investment world
as well, you know, riverboat gamblers who will take a
tremendous risk and if they work out, that's fabulous. I
don't want to be on the inside.
Speaker 3 (40:23):
I'm put to your point, Mike, but I think it's
I think it's that mentality.
Speaker 4 (40:27):
I'm you know what again, I listen, I'm okay. If
you're placing your risk in pillar one, right, If you're
placing your risk in pillar one, complimentary, right, you work
with us, We compliment what you're doing elsewhere.
Speaker 5 (40:38):
If you put a realistic waiting correct.
Speaker 4 (40:41):
You're putting your risk in pillar one something that and
again doesn't mean it's gonna work, doesn't mean it's going
to appreciate tremendously. But if we're looking at some traditional
securities that have been run over literally.
Speaker 5 (40:54):
By a steam roller, right, why would maybe there's a chance.
Speaker 4 (41:00):
Well done? Mike absolutely, absolutely, absolutely well said why why
mess around? Guys? And that's that's all we're saying. I
mean nothing, nothing other, nothing other than that. But again,
if doggie coin and part coin are your thing about it.
Speaker 5 (41:13):
You know things real, you're just teasing.
Speaker 4 (41:16):
No, Mike, you gotta I'm telling you you're a doggy coin.
You wouldn't believe, you wouldn't believe you honestly, what do
with it? I don't know.
Speaker 5 (41:24):
I think so I buy it. I can't go to
the market and get my milk with it. You know
what do I do with it.
Speaker 4 (41:31):
Well, you can't get your milk with pillar two, though
if you you can, you can't hit your milk.
Speaker 5 (41:38):
What do I do with this thing? If I buy it?
What if I buy a bitcoin? What do I do
with it?
Speaker 4 (41:41):
I I get you don't do it? Well, again, you
have to swap it for a hot dog somewhere, I
mean outside, or pray there's a greater fool and they
push the price up and then you can convert it
into something. To your point, Mike, it has to be converted.
Speaker 5 (41:53):
Right, yeah, because sits in these electronic wallets. Right, it's
it's not in your own account, it's it's in this
thing in the sky.
Speaker 4 (42:01):
Michael, I don't know. Listen, we've been talking guys, and
you guys who've been with us for a moment one
more than a couple of years now, probably three years.
You guys have been with us from moment one. You know,
we were talking about the shiny stuff before it was
cool kids. You know, we were talking about gold in
portfolios and diversified portfolios. You know. And that's not after
the fact. That's not after the fact. That's up literally
forty percent year year. That's not after the fact. It's
(42:24):
we were talking about it as part of a portfolio.
We're not talking about converting your iris to gold. I'm
working with Sammy Slow and all that stuff. We're not
We're not talking.
Speaker 5 (42:33):
Anytime you turn on television, right right, it's one gold
or silver commercial after another.
Speaker 4 (42:38):
Guys, we weren't talking about that, and we still don't
talk about that. And you guys know that you come in,
you get your pillar ones beautifully allocated, complimentary, complimenting what
you're doing. But Mike, we have talked about this now
for a couple of months, and I the more and
more I think out loud, is we're as we do
on these airs so often. I have no idea if
(42:59):
I want to be NDX, I want to be the
Nasdaq one hundred, right. I want to be the biggest
of the big in the Nasdaq. I want to be
the Hoogles, the Amazons, the Videos, all of the above, Right,
I want to be these guys. And I can do
that in Pillar four and I could put year to
year protections in place. And oh, by the way, if
(43:21):
I don't want to be the NDX after two years,
I don't have to be. Is there a better way
to play this game that you can think of. No,
mil I'm asking.
Speaker 5 (43:30):
I don't want to get in the weeds. But what
I like to do is, as you mentioned before, you
can go buy a CD or a treasury for a
period of time. I want protections over every year beyond.
And I keep rolling them, right, And I keep rolling
them because I'm trying to take that random walk of
(43:52):
Wall Street, right, that pain out of the equation and
different timeframes, I'm gonna have different levels of protection.
Speaker 4 (43:58):
Well, let's make this really simple, Mike. Let's say if
I'm listening right now, right, I'm listening, Okay, I'm a
devote I'm listening. I've got a pot of money, right,
I've got money sitting in the bank, as you always say,
I I got money sitting in the bank right, earning
next to nothing, whatever it happens. Today, I'm looking for
an investment vehicle, right. And I know some of these
Nasdaq stocks, right, some of the biggest of the big
(44:21):
which again potentially present the most value, potentially not a
so statia byseller hold. And I want to put that
money to work. I meet the product minimum, right, whatever
the product minimum happens to be for pillar four, right,
whatever their minimum initial investment is why wouldn't I call
us or get on the web and do that Monday morning.
Speaker 5 (44:39):
But it doesn't have to just be the NDA.
Speaker 4 (44:41):
But that's my point, Mike. I'm saying, right now, you
be the Ndax and next year, maybe I get Next
year you want to be the Russell.
Speaker 5 (44:47):
Maybe in six months, I don't.
Speaker 4 (44:49):
What if you want to be the Russell next year?
What if you want to be the s and Pig?
Speaker 5 (44:52):
What if I make it? I score? Then I say point.
Then I say okay, I want even a little bit
more protection. I want my gains to be protected. And
maybe I want a different timeframe. The chess pieces can
be moved in all directions.
Speaker 4 (45:06):
I just Mike again, guys, just thought. Just food for
thought here on a random weekend. Food for thought. Guys,
if you're one of those people you're sitting around, you're
looking for something intriguing, something different, right, something different. I
can't think of a better academic right from an academic standpoint,
from you know, from an academic finance standpoint. I can't
(45:28):
think of a better way to own those nastac securities
in a basket other than pillar four. I can't. I've
got full death benefit, all of the above.
Speaker 5 (45:37):
Yeah, tax deferral, tax deferral, all of the above. That jazz,
it's in my opinion, it's for people who want to
be just a little bit more hands on than the
mutual fund. Then say Pillar two where we can put
things on autopilot. Yeah, so if.
Speaker 4 (45:57):
You like a little bit of action, your Pillar four.
Speaker 5 (46:00):
Yeah, that's it with your protections.
Speaker 4 (46:02):
Yes, because it all guys. So that's all we talk about.
Speaker 5 (46:04):
Because I have conversations, Hey, should we be contrarian and
start thinking about the mid cap stocks? We can have
that conversation.
Speaker 4 (46:12):
Absolutely, absolutely, we'd love to talk about the Russell What
about Russell? Russell's down over ten percent in a week
and a half.
Speaker 5 (46:18):
Say, if you think interest rates are gonna come down,
if you think regulations will be less, you might want
to think of the smaller names. How is that?
Speaker 4 (46:26):
And that's a great way to close the show, guys. Again,
ideas shop, that's what we are. Let's talk Pillar four.
Best way to get in touch www dot Madison Managers
dot com. And again the deal of the week.
Speaker 5 (46:40):
Guys.
Speaker 4 (46:40):
We normally don't do deals the week, but again Madison
tope Bag, they're absolutely, absolutely gorgeous. Let us know right now,
get DoD version two point zero. Okay, you don't need
to get two. If you don't need to get one
to get out, get five. If you need five, pair
it with with the nationwide the tax guy and just
say you want you want the special offer right now. Www.
(47:01):
Dot Madison Managers dot com will get it out. It's
all free. Thanks guys, we'll talk to you in the office.
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