Episode Transcript
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Speaker 1 (00:00):
Securities and investment advisory services offered through Osaic Wealth Inc.
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,
tax or legal advice. Information has been obtained from sources
(00:21):
deemed reliable, but its accuracy and completeness are not guaranteed.
Neither Osaic Wealth Inc. Nor Madison Wealth Managers accept any
liability for the use of the information discussed. Consult with
a qualified financial, legal, or tax professional before taking any action.
Any opinions expressed in this form are not the opinion
or view of Osaic Wealth Inc. Information in this illustration
has been obtained from sources believed to be reliable and
are subject to change without notification. The information presented is
(00:44):
provided for informational purposes only and not to be construed
as a recommendation or solicitation. Investors must make their own
determination as to the appropriateness of an investment or strategy
based on their specific investment objectives financial status and risk tolerance.
Past performance is not an indication of future results investments
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Speaker 2 (01:04):
You are about to experience the Planning for Prosperity Show three.
Speaker 3 (01:09):
Two, putting me on the.
Speaker 4 (01:15):
Cover of the Rollstone Up. Happy weekend, everyone planning for
a prosperity radio. Oh, this is one of your guys,
(01:37):
Kenny Chestnut. That was Kenny.
Speaker 5 (01:41):
I'm feeling chest.
Speaker 4 (01:44):
Look a Joey Chestnut.
Speaker 5 (01:46):
Well he ate all the hot dogs.
Speaker 4 (01:47):
Yeah, I think you retired though I think he did too. Yeah,
I think you officially. I think you officially retired. Thank
you everyone, you did such a wonderful job. And listen.
If its markets like these two nudge all of us
towards deeper education, deeper understanding of the pillars, so be it,
(02:12):
so be it. It's it's what we believe should undergird
your investment portfolio in today's day and age, where you
just seem to go from year to year to year
to year of sadness with respect to portfolio.
Speaker 5 (02:25):
And what we're hearing from the listeners is loss.
Speaker 6 (02:28):
Of hope, a lot of that because after you get
kicked in the shin enough times.
Speaker 5 (02:34):
M hm.
Speaker 6 (02:34):
You say, maybe I want a second opinion, Maybe I
want somebody to look at my stuff and see if
there's an alternative.
Speaker 4 (02:43):
You gotta have some sort of defined outcome, like you
have to at the end.
Speaker 5 (02:47):
I couldn't live without it.
Speaker 4 (02:49):
Well, don't you have to have it though in today's standing,
because I have no hope? Well no, I know you're
not a hopeful person, but I because I try to
bring the hope and it.
Speaker 6 (02:57):
Keeps proving true over and over and over again that
the markets are so fragile and the smallest catalyst makes
things just go boom, and usually not in a positive way.
Speaker 4 (03:11):
I've done this for a while, guys, and you know,
trained on the academic side of this and all that
great stuff and YadA YadA, YadA bad. I got to
tell you, guys, if you're trying to pick individual securities
and you're again looking to looking to be the next
(03:31):
great mega billionaire doing that, guys, I gotta tell you
you're better off betting on the giants. I mean, quite
simply put out, I wouldn't do it. That's that's the point, Mike, guys.
Let's keep it simple. Big thank you to all of you,
all of you phone calls, appointments, education, do O D
(03:56):
two point zeros. This is your gateway, guys, it's WWD
W dot Madisonmanagers dot com, www dot M A D
I S O N M A N A G E
R S dot com. You're just gonna go there. Do
it right now. Go on the phone right however you
like it, Guys, you at your tablet, whatever it is,
(04:16):
go there right now. Just click on any one of
those boxes, any one of those boxes that say ask
Mike and Dan, I want to send an appointment, whatever
the box, whatever wanted happens to be, Click on it,
name number, address. If you want something specific like D
O D two point ohs, I want two D O
D two point oh's that's where you that's where you
let us know. I mean, it's that simple. If you
(04:36):
want education on pillar three, if you want a phone
call with Mike on pillar four, which which which I'm
gonna make sure we get a segment out of Mike
this particular week because I just think it's so critical,
and we ended the show last week Mike where we
talked about, I mean, quite simply with the Russell two thousand.
It is what it is in that there's a a
(05:00):
period where you know, at one point during this month
where simply put over the past seven years, it's not
that you didn't make any money. You lost money if
you're in the Russell two thousand.
Speaker 6 (05:10):
If not, it didn't just lose money, Dan, you lost time,
you lost purchasing power, you lost tax dollars.
Speaker 4 (05:18):
Wait, here's my point, Mike. If I can be Russell
two thousand, if I see, I want to be small
cap boy, right, I want to be a small catboy.
I want to be my log. Right, I want to
be my log floating out there. I'm small catboy. Why
would I not want to be educated by you on
being Russell boy? Right, small cat boy in pillar four?
(05:43):
Where I can define my downside that I'm willing to
take and if that does, if that does occur, money
gets put back into my account and I do it
again the next year.
Speaker 6 (05:58):
Let's say you had annual protection, Dan, Yes, that's what
y annual every twelve months with that Russell being absolutely damaged,
at least you kept your principal intact. That's it might
not have made any money, but it didn't get killed.
Speaker 4 (06:16):
That's Mike, that's the point. Why wouldn't I do that?
Speaker 5 (06:21):
Well, I'll tell you.
Speaker 4 (06:21):
Why tell me? Please let me know.
Speaker 5 (06:23):
This is as the end of March.
Speaker 6 (06:25):
This is the the monthly market analysis by by one
of the.
Speaker 5 (06:30):
Blueberry portfolio holders.
Speaker 6 (06:31):
Okay, okay, right, don't get upset with me, stop because
it makes me happy. In this current model three point
zero that they have is currently bearish as six of
the eleven sectors only six are in by status. However,
I'm quoting this returns among market sectors appear to be strengthening.
Speaker 5 (06:57):
This is right before the market got absolutely shelled.
Speaker 6 (07:01):
But this is what the banter that they're putting out
there for the Blueberry portfolios.
Speaker 5 (07:07):
And they have nice grafts with dots as to what
they have a bed what he did?
Speaker 4 (07:11):
You cut a check for those six seconds? But what
do you do exactly?
Speaker 5 (07:16):
This just is supposed to make you feel better.
Speaker 4 (07:18):
Oh so you don't actually take action.
Speaker 6 (07:20):
I don't think they did anything because these quote unquote
sectors appear to be strengthening.
Speaker 5 (07:26):
Are they strengthening right now? Dan?
Speaker 6 (07:28):
How's about there's April bend to these people. It's not April,
it's going back to last sept Are they strengthened. Here's
here's here's the point.
Speaker 4 (07:35):
Guys. There's no action plan. You could read through that
if you care to.
Speaker 6 (07:41):
It's only about twenty pages. Well, right, that absolute nonsense.
Speaker 4 (07:45):
If and the reason that was put together was because
someone told someone to do it.
Speaker 5 (07:50):
Well, they're justifying their existence, and right, someone was what
they're doing.
Speaker 4 (07:53):
Someone said, hey, Joe, you're in charge of this this month. Okay.
The point is this, there's no call to action there, Mike.
There's no ad to your pillar two so that you
can strengthen your guaranteed withdraw dollar. You heard that, right,
guaranteed which draw dollar in retirement. There's no call to action, right.
Speaker 5 (08:13):
Well, what let me give you that there?
Speaker 4 (08:15):
Okay, so let me okay, okay, let's play this game.
Let's let's play this game only because I get so
annoyed at this crap. Let's play this game. Okay. Six
of the eleven buttercups, right, Six of the eleven peanut
butter cuppies are in buy mode. Right, they're in by mode.
You're supposed to buy which one? What do I buy?
Speaker 5 (08:33):
Uh? The sector thing? Thing?
Speaker 4 (08:38):
But which of the six?
Speaker 6 (08:40):
Well, they give you a dot on the matrix and
it's on a sliding scale.
Speaker 4 (08:47):
Are you talking about this?
Speaker 6 (08:50):
Okay, this is absolute inanity.
Speaker 4 (08:53):
It's absolute absolute And.
Speaker 6 (08:55):
These guys manage billions of dollars and this is what
they're sharing with her.
Speaker 4 (08:58):
Because Mike, because you made the you made the point
last week. What's going on is what they're doing is
they're putting on buffets. They're putting on buffets around the country. Right,
And these guys are seleck they're smart, they're smart. They're
putting on buffets.
Speaker 5 (09:12):
Because they're great sales.
Speaker 4 (09:13):
What they're offering is no different than what you currently consume.
Make no mistake, their Blueberry portfolio has zero, zero chance
of offering you anything different from your current Blueberry portfolio provider.
But what they will do is they'll put on the buffet.
Speaker 5 (09:32):
Is that what the politicians called hope and chain.
Speaker 4 (09:34):
They'll go to Harrisburg, they'll go to Baltimore, they'll go
to Rochester. Right, they'll fill the auditoriums. People want the buffet.
People are pissed, right, they're pissed because they're Blueberry portfolio.
Let them down. They're going to show you the new
Blueberry portfolio.
Speaker 5 (09:51):
It's all it is.
Speaker 6 (09:51):
It's a different wrapper. There is all it is. They
put a different packaging on the same product.
Speaker 4 (09:57):
So if you want to hear a lot of hamaahamanah,
I'm gonna just raise your hand and say, well, what's
my defined outcome?
Speaker 5 (10:05):
And then you hear silence, and the silence is deafening.
Speaker 4 (10:09):
And you here have another slice of peanut butter pie.
Speaker 3 (10:11):
Joe.
Speaker 4 (10:12):
Thanks, going to break guys, Dad Polanski, manage your director,
Mike Brown. We don't we don't serve peanut butter pie
here at Madison, at least I don't think so. W
w W to Madison managers dot com. Click on one
of the boxy thinkies. Let us know again. Guys, you
were so great last week. Do it again this week.
We'll see right back.
Speaker 2 (10:32):
You are about to experience the planning for prosperity show
in three.
Speaker 3 (10:37):
Two Plant River, Catch yourself a little.
Speaker 4 (10:54):
Michael Brown, Catch yourself a little fish dinner?
Speaker 5 (10:59):
Is this Briggs and stret This has got it now?
Speaker 4 (11:02):
This is that guy who's not American idol I think?
Am I right sitting down? Let me tell you this,
And this is no disrespect to Luke Bryan.
Speaker 3 (11:10):
Is that his name? Luke Brian?
Speaker 5 (11:11):
Luke I don't know these young guys.
Speaker 4 (11:13):
I'm not listen. This is no disrespect, but let and
we're prone to saying this because again, you guys know,
we don't play musical interludes just for the sake of
playing musical interludes. There's always a theme. We build on it.
It's sing along. Name that tune, Name that singer. Luke
Brian can't sing. There's no one, no one.
Speaker 5 (11:34):
Isn't it a huge star though, the biggest.
Speaker 4 (11:37):
Because he's talking about picking your catfish dinner out of
the stream.
Speaker 5 (11:40):
See, I should like that.
Speaker 4 (11:42):
Why don't you talk about pulling pulling pillar four out
of the pond.
Speaker 5 (11:48):
I think you're onto something.
Speaker 4 (11:49):
I know I'm onto something. Guys planning for a prosperity
radio R Mike Brown will pull pillar four out of
the dirty pond for you in a similar vein that
Luke Brian. Luke Ryan will pull your catfish dinner out
of that out of that flowing stream, that brooks stream.
Speaker 5 (12:08):
I hope it's nice and muddy.
Speaker 4 (12:10):
What are the chances Luke Brian would even know what
to do with a catfish out in the wilderness? Now
may I do?
Speaker 5 (12:19):
It would be delicious?
Speaker 4 (12:20):
Well, you would just smash it up in tartart or
something along those lines.
Speaker 5 (12:23):
But Luke open fire, So.
Speaker 4 (12:25):
Luke Brian so but he and again, guys, we don't
need an idol guy. I just don't know what he
is anymore. But we don't want to get too far
off the beaten path. But but but the point is this,
So you catch the catfish, but that's not catfish dinner.
Is he carrying the potatoes? Is he carrying the green
beans with them?
Speaker 6 (12:42):
I thought you just said let's not get off the rails,
and you're just feeding my flame.
Speaker 4 (12:46):
I am so guys, I am so livid this week again,
you guys have been so great grabbing DoD version two
point zeros, getting brought up to speed on the pillars.
If there's ever been a time this is just Captain
obvious type stuff, it's now www dot Madison Managers dot com.
(13:07):
I am so upset because I think the Blueberry portfolio
has just manifested itself so deeply in the fabric of
this country that you just get to the point, Mike,
(13:31):
where you put it where you kind of lose a
little hope, don't you.
Speaker 6 (13:35):
Well, let's see, since COVID began, I'm five years older.
I've had five years of inflation, I've had five years
of taxes, and I still don't have any more money.
You actually have a lot less purchasing power, real money,
not dollar bills, but what you can actually buy with.
Speaker 5 (13:55):
Because Wall Street, we talk about this all the.
Speaker 6 (13:57):
Time, the greatest marketing in the history of mankind, and
they have become absolute masters at repackaging the same old
stuff to keep you on board.
Speaker 4 (14:09):
We guys, and you can so many of you do
adopt us this way and that you just you start
out by trying a pillar, right, You start up by
trying a pillar, yet experience it absolutely, you start up
by trying a pillar ninety and again we I personally, okay,
I personally favor the pillars that are stackable, if you will, right,
(14:32):
okay means what I mean, Mike, what it means is
no different than the Blueberry portfolio. If you're if your
quote advisor is doing their job right, they may look
to times like this and say, okay, we've got a
you know, got a fire sale. Right. You know, normally
I would like to buy something that's thirty percent less
expensive than it was just several months ago. Right, makes
(14:52):
some sense, Right, but with certain of our pillars, you
can do the same thing. Do the same thing.
Speaker 6 (15:00):
But Dan, if I'm if I'm in the Blueberry portfolio
and you're my advisor, and I call and say.
Speaker 4 (15:06):
I don't want any more emerging market.
Speaker 6 (15:08):
The equity markets have been absolutely trounced. I'm thinking about
getting rid of these garbage bond funds and having more
equity exposure.
Speaker 5 (15:19):
The advisor may not allow you to do so.
Speaker 4 (15:22):
Oh, you may not be able to.
Speaker 5 (15:23):
You're in constraints.
Speaker 4 (15:24):
You may simply, but you may not be able to.
Speaker 6 (15:26):
You don't know this, but you're in a jail cell
and they tell you what to do.
Speaker 4 (15:32):
Let us help you get out. Yeah, how does that sound?
Let us help you get out? Guys. The easiest way.
The first step is again education. This is education first, second, third, fourth, fifth,
Here www dot Madisonmanagers dot com. Click on one of
those cliquies and at least let us educate. Let us
show you. I think the simplest tool for us to
(15:53):
show you right now, if you want to look past
five years, because I think that's that's fair, right, I
think that's fair.
Speaker 5 (16:00):
I wish we could go ten.
Speaker 4 (16:02):
Let's just look cast five years.
Speaker 5 (16:03):
You can't do it.
Speaker 4 (16:04):
I would like to look at pillar four. Okay, like simple,
Notice I said simple, Okay. I didn't say what I
thought was best, worst, and different. I said the simplest.
Let Michael show you pillar four. Had I been S
and P boy, Right, I'm the super smart S ANDB
five hundred guy. Right, don't want to deviate from that path.
And oh, by the way, Michael taught me how I
(16:26):
could go year to year over the last five years. Right,
And he taught me how I could place twenty percent
downside protection. Right, that's not the most, it's not the least. Right,
twenty percent downside protection each and every year. Right, have
it restack, remeasured, recalibrated each year. Right. Just take a
(16:48):
look at that. Take a look at it, and we
can see what the model did.
Speaker 5 (16:52):
We can we also compare.
Speaker 6 (16:54):
Maybe I want to be a little bit more aggressive, Dan,
I only want ten percent protection?
Speaker 4 (16:59):
Or what if I want to be an ASDAC boy, or.
Speaker 6 (17:01):
I am just not feeling good about the world. Maybe
give me thirty percent per your protection. Now, I think
that might be overkill mathematically, right, but it's available.
Speaker 4 (17:12):
But just look. But my point is this, Mike, you
know how you call like the Big Box supercenter, and
you say, send send me the Blueberry port said, send
me what you were that garbage you were just reading, right,
send me send me that stuff, right, send send me
the junk. Okay, send me that. Just send a print.
Speaker 3 (17:28):
Call us.
Speaker 4 (17:28):
We'll send it to you. Five years, five years, s
and P, s and P five hundred. Boy, with twenty
percent downside year to year.
Speaker 5 (17:38):
You might like it. You just might like when you
compare it to the Blueberry portfolio.
Speaker 4 (17:43):
You just and you know what, Mike, how much simpler
is it?
Speaker 5 (17:49):
Well? I have fewer moving parts.
Speaker 6 (17:51):
Right, I'm not gonna get these nonsensical phone calls that
it looks like the European bond market has good value today.
You're not gonna hear that nonsense from us. That's not
what we're gonna talk about. We're gonna talk about forward looking.
How much protection do we want at this point in time?
(18:11):
Do we want to save or keep this allocation? Do
we want to extend the period of time when we
have protections?
Speaker 5 (18:19):
Those are real tactical conversation.
Speaker 6 (18:21):
Right right, right exactly, Not this absolute insanity of moving
two percent of my portfolio from blue to green.
Speaker 4 (18:28):
It's you guys, listen, I all credit new new clients,
new members. Had this conversation last week, and I my eyes, listen,
I'm always super nothing. You know what I should I
shouldn't be surprised, Mike. But sometimes even I'm surprised, because
I honestly, this was a portfolio at a bank what
(18:49):
I would consider to be a typical commercial bank. I'm
certainly not a superstore. Certainly not. Oh, we ate the
you know, we ate the Wall Street machine in the crisis,
and now we're you know, now we're superbank. Right, It's
what I consider commercial bank. And they had a portfolio, Mike,
I would again, I didn't do the exact math, but
(19:10):
I'm eyeballing it. Let me. Let me be polite and
say at least ten percent, at least you heard that
at least ten percent of the portfolio was in synthetic bonds.
Speaker 5 (19:21):
I don't even know what that means.
Speaker 4 (19:22):
No, nobody does.
Speaker 3 (19:22):
No.
Speaker 4 (19:23):
Again, your to your typical structure.
Speaker 5 (19:24):
There's a structured products that always blow.
Speaker 4 (19:26):
Up, structured products that pay some sort of income. So
long as the underlying city group stock stays with an
xyz band for xyz number of days. If it happens
to break that band, You're going to get many, many,
many shares of City Group stock that's you didn't want.
(19:49):
It's going to get depositive in your portfolio. You're gonna say,
what the hell just happened?
Speaker 3 (19:52):
So what just happened there?
Speaker 5 (19:53):
This was supposed to be my wink wink bond.
Speaker 6 (19:56):
Yeah, portion that has the potential to more into more equity.
Speaker 5 (20:02):
That's not what I said.
Speaker 4 (20:03):
Had a commercial bank, Mike.
Speaker 5 (20:05):
Because they're getting paid a fortune to sell this stuff.
Speaker 4 (20:07):
Oh God, if you guys only knew, If you guys
only knew those things. Remember, remember Mike, back in the day,
because Mike, Mike and I Mike and I we we
we were when we first met, we were at I
would argue the creator of said super products.
Speaker 5 (20:22):
And they made a fortune, and you clients didn't.
Speaker 4 (20:25):
You could bet on whatever you want, and you could
get so good. They it was a casino, Mike, Remember
you could literally they wanted to roll them every three
months because.
Speaker 5 (20:35):
They kept getting and it was structured. Now as luck
would have it.
Speaker 6 (20:42):
I didn't understand that stuff, so I didn't put it
in any client's portfolios because they all went boom.
Speaker 4 (20:47):
Right, But that was because again and that that was
that was the lucky part of it, Mike. But the
point is, guys, if you are let's just take this back.
If you're looking for income right and you want to
guarantee you want to find out come, let us just
educate on pillar two, what we call pillar two. It's
super simple, it won't take long and you'll enjoy the conversation.
(21:11):
Easiest way to get in touch www dot Madison Managers
dot com. Just click on one of those clickie things.
Let us know you want to call, and let's talk
about income. We'll see you right back.
Speaker 2 (21:22):
You are about your experience, the planning for prosperity show.
Speaker 3 (21:26):
It's three two over there talking. Then you in with
your hair in.
Speaker 4 (21:38):
The happy weekend everyone game plate, Michael around, manage drive
to mic around, just yoursel it's another one of these guys,
love calm. It's another one that's modern.
Speaker 5 (21:51):
Guys.
Speaker 4 (21:54):
Yeah, let's hear your hurricane doesn't Oh no, that steam?
What what's the what's her name? Miley cyrus is song
hit me like a wrecking ball. Wrecking ball. So this
guy hits you like a hurricane.
Speaker 5 (22:15):
Good America, real good?
Speaker 4 (22:17):
Okay, guys, maybe okay, w w w W DoD Madison
Managers dot Com. Okay, those of you want.
Speaker 5 (22:26):
To get a voice, and the s of.
Speaker 4 (22:31):
You want to get an a today, please come to
the front of the class and we're gonna have a
little education, okay, because that's what we do on these airs. Okay, yeah, okay,
let me start with this. I can't I'm going to.
I'm going to. I'm going to begin with us, Mike.
Let's say I'm a young lad and lass and I'm
(22:54):
just starting out right, and I'm not I'm not yet
eligible for pillar two, right because these simply put, I
can't do I can't do guaranteed withdrawal for life, because
simply put, these these these producers, these providers, they'll go
broke if they offer these forty year old person they'll
go broke. Right. But let let's say, let let's say
I want to start building something I want. I want
(23:15):
a defined outcome, and I least want to know that
at the end of my term, right, my chosen term, right,
that I'm not going to lose any money. Right, literally,
I'm not gonna lose any money. Okay, So, oh yeah,
you play type of CD treasure. I guess you know whatever, Oh,
not so fast, not so fast, Michael. Could I potentially
(23:38):
be telling you about pillar three, Michael, where we can
get you some stock market exposure, get you a lot
of it if you want. We could potentially we could
potentially talk about putting one hundred of said dollars into,
depending on the minute, the world's largest hedged stock fund.
Speaker 5 (23:57):
Yes you or that right?
Speaker 4 (24:00):
And what do you mean at the end of my term?
Hen I can't lose any money?
Speaker 3 (24:04):
Mike?
Speaker 4 (24:04):
Does that sound like a smart conversation for a youngster
these days?
Speaker 3 (24:08):
Look?
Speaker 5 (24:10):
Or when you add in the flip side of that?
Speaker 4 (24:12):
Yes?
Speaker 5 (24:13):
Or what if the world heals?
Speaker 4 (24:15):
Mm hmm, it's great.
Speaker 6 (24:17):
What if the markets actually start working again? It's true,
and over that term the stock market doubles.
Speaker 4 (24:24):
Love it?
Speaker 5 (24:25):
I get the double. Okay, now say that happens. What
do I do next?
Speaker 6 (24:31):
I start a new term, and now I lock in
all the games and I start over again. Or I
can't lose a nickel of my original principle or my gains,
and maybe the world continues to heal, maybe we double again.
Oh but what if we have a good cycle, my
money doubles. I'm all excited, and then this world turns
(24:53):
into this world again.
Speaker 5 (24:54):
M hm, I protect all my money.
Speaker 4 (24:58):
I'd like to educate eight younger and younger and younger
and younger people on this strategy.
Speaker 3 (25:05):
Mike.
Speaker 4 (25:05):
Why, Well, because there are fools out there, fools, morons, morons,
we'll call them morons who actually tell tell individual investors
that they're too young for principal protection.
Speaker 6 (25:20):
Because because why they're morons. You have a lot of time.
Well you should be super aggressive. You can handle the
next market crisis. But why would you want to.
Speaker 4 (25:30):
And when your portfolio is down thirty percent like it
just was, Guess who's going to answer the phone over there? Nobody?
Speaker 6 (25:37):
Or maybe you're gonna get this, Jimmy, hang in there.
The market always.
Speaker 4 (25:44):
Reach and manly. I know, I know, Pete. I just
want you to tell me to be real good.
Speaker 5 (25:49):
Just tell me everything's gonna be okay.
Speaker 4 (25:51):
Pete knows no more about when that market's gonna turn
than you do. Jimmy. Nope, zero zero Okay. So let's
again you guys who are listening. Maybe you're younger, ill,
Maybe you got some kiddos that are just getting out
getting started. Maybe Mike, maybe it said Mike. Maybe just
you're at that age where you can't quite yet get
into something where I can sort of generate guaranteed income.
(26:13):
Maybe I'm forty or forty five, whatever it happens to be, right, guys,
let's start start the conversation now right, cut the crap right,
be blunt.
Speaker 6 (26:21):
And here's what's gonna happen. You're the parent, you're retired,
I'm the I'm the sun hm. And you want me
to be educated on this. You know what's gonna happen.
You're gonna say this might work for me too.
Speaker 4 (26:36):
Oh, with that's what always Oh Mike, we get that.
Oh the god that that always that what always happens
is this guy's almost always ninety plus percent instances. You
get your first exposure to pillar two. Pillar two is
what we call guaranteed withdraw rate for life, guaranteed retirement income,
guaranteed income, what personal pension, whatever you guys want to
call it, right, because you have the stock market exposure,
(26:58):
you got everything, but you have a defined income stream
for the rest of your life. If you want to
attach a spouse, congratulations. What you do when you experience
that and you get a grasp of right, you start
to understand always we get this, mic, I gotta get
(27:20):
my kid into this. I gotta get my kid. Here's
my son's phone number, here's my daughter's. But we always
get that, and unfortunately, unfortunately the providers have said benefits, right,
they can't. They just can't do it. It's just it's just
not it's not financially viable for them, because that's how
rich these benefits are. But it's a big button. We
(27:43):
can provide defined outcome investing exposure for your kiddos, right,
Like right, doesn't have to be all. Let me call Wayanward,
let me call Powelle. Right, let me call these guys
and get the whatever funded is Fund of the Mississippi
is Fund of the O's Arks, the Great Fund of
(28:04):
the Ozarks, whatever it happens to. That doesn't have to
be your experience.
Speaker 6 (28:08):
Can we go a little deeper? Yeah, I'm the son
again your dad. Unfortunately you named me as executor of
your estate. Okay, you pass and I have to go
to the financial institutions and say my dad passed away,
and they're gonna say, okay, and I'm gonna say I'm executor.
(28:30):
I'm gonna say that's wonderful. Just provide me with the letters,
what's called letters of testamentary and we can give you
all that information. And I say, I don't know what
you're talking about. Versus we use one of the pillars,
you as Dad, use one of the pillars. You know
what doesn't happen that conversation. You know it doesn't happen.
(28:54):
I'm not sitting at a probate court. You know what
does happen? As the beneficiary? I get a check cut
to me within days. I mean, let's talk about the
real angst of this, and I'm gonna morph into a
little bit of the state planning. How it melds into
what we're talking about. If you are unfortunately named as
(29:16):
executor or trustee but you're not given the information you
need to execute your duties. And say, again, I'm the
sun and I don't know where anything is.
Speaker 1 (29:27):
M M.
Speaker 6 (29:29):
I have a personal liability to now find this and
figure it out. Now my life revolves around this because
my siblings are saying, Mike, where's my money? And if
I say, well, you know, we just got to go
through the probate process. Because Dad wasn't organized, he didn't
have he didn't have the DoD he didn't explain to
(29:51):
us how unorganized he was. You know what the siblings
are gonna say, I don't care where's my money? And
now the relayationship starts to break down. All that can
be avoided in two things. You understanding your duties, getting
add and number two, have built in estate planning to
your investments.
Speaker 4 (30:11):
And what we call real estate planning. Yep, right, rank
what we call real estate planning. Because this is starting
to creep into when we have these massive draw downs
in markets on top of massive draw downs on top
of massive drawdowns and markets, what happens is eventually, you know,
we're all going to pass, right, We're all going to
keep going.
Speaker 6 (30:31):
Let's just say that you passed away January first. Okay,
Now I'm stuck in probate for six or nine months
and your million dollars from now we're seven hundred thousand.
Speaker 5 (30:42):
There's nothing I could do about it.
Speaker 4 (30:43):
I was gonna even take a different angle, Bob, but
I like that angle too.
Speaker 6 (30:47):
Who's going to be happy with me as the executor.
They're gonna blame me even though it wasn't my fault.
Speaker 4 (30:52):
This is the world of blame, Like, this is the
world of blame. We are we are then world of.
Speaker 5 (30:56):
Is executor, I'm personally liable.
Speaker 4 (30:59):
That's not good. Well, here's I was going to take it.
The different tact, Mike, is that you know, maybe put
a maybe put two hundred and fifty thousand into you know,
let's say again the growth growth fund A, right, and
again it was within let's say within pillar three, right,
and you got a couple of couple of tough years
on top of each other. Growth fund Growth fund A
(31:22):
was down right with And who's down has to be
has to be whether you owned it in pillar three
or not. Right, it's down. It's down the same amount
regardless where you owned it. And you pass a why
you're looking real smart, you're looking real smart, and you
did the right thing right, You did the right thing
for your family if you had it in pillar three.
Speaker 6 (31:40):
Because you know what me as executor gets to say
to everyone, Dad protected us.
Speaker 4 (31:46):
Guys, we've seen this so many times. This is experience
speaking right now, This is so now.
Speaker 6 (31:52):
It's not my siblings being upset with me, fracturing relationships
amongst the kiddos.
Speaker 5 (31:58):
It's just the opposite.
Speaker 6 (32:00):
Well done, it's a party, well done, not everyone being
upset with each other.
Speaker 4 (32:03):
Well done, and and when you talk about when you're
sitting down with Mike, myself, the team, it's next move
in the chess game for most of you, right, if
you're part of that beneficiary club, right, because we can
talk to you about how Dad made sure that your
full stipend, right literally, your full stipend is now going
to be allocated into a world where financial assets are
(32:26):
on sale.
Speaker 6 (32:28):
So if you don't need the cash, you're now reinvesting
when everyone else is.
Speaker 4 (32:33):
That's especially like a great way to remember Dad.
Speaker 5 (32:35):
Everyone else is hurt, Yeah except us.
Speaker 6 (32:38):
Yeah, that sounds like that's how Dad is memorialized as
taking care of his obligations, meaning his children.
Speaker 4 (32:45):
That's a night. That's a really nice way to put it.
So I think, guys, I think that's that brings us
to break And it's a great way to just remind
you DoD two point zero. That's our state planning work. Okay,
grab your free copies, grab two of them. And again,
if you want some literature, sure on any any of
our pillars that we talk about. Super easy. It's www
(33:06):
dot Madison Managers dot com. M A D I S
O N M A N A G E R S
dot com. Use one of the pressy things. Press on
one of those and again let us know. We'll get
it straight out. See you right back.
Speaker 2 (33:19):
You are about to experience the planning for Prosperity show three.
Speaker 3 (33:24):
Two here saying what you want to do bad, we
can go to the show.
Speaker 4 (33:34):
He don't know. I don't apologize, big dream tractor.
Speaker 5 (33:41):
What I.
Speaker 4 (33:44):
Go for a ride on a tractor?
Speaker 3 (33:45):
What the hell? What is it?
Speaker 4 (33:46):
I'm putting up an over It's another one of these guys,
Jason al Daan boy, he's going back regress, hasn't he's
really regressed?
Speaker 6 (33:54):
Did he get like a big backlash for one of
his songs? Did he do the small town song?
Speaker 3 (34:00):
He had?
Speaker 5 (34:01):
Got upset with him?
Speaker 4 (34:01):
He had a hit or too in his day. Boy,
he's going backwards. Say good for him. He's trying to
reinvent himself.
Speaker 5 (34:06):
I bet I bet you he's still doing pretty good.
Speaker 4 (34:08):
Listen, if the one guy says he's going to catch
you the catfish dinner in the stream, what would you
pull out like some sort of like vegetation out of
the river for to serve as your green to go
with your meal, your supper?
Speaker 5 (34:22):
Why not?
Speaker 4 (34:23):
I don't know, Guys, you gotta get your Dan Polanski,
Michael Brown, Managing director, Michael Brown, thank you for being
with us. Happy weekend. The theme was country. Yes, you
guess that correctly. Now here's where we're going to go
for advanced training. It's www dot Madison Managers dot com,
www dot m A D I S O N M
A N A G E R s dot com. Use
(34:45):
those any of those buttons. I call them buttons. I
used to call them text bix. They're not really textbox,
they're they're buttons. Okay, press one of them. That's where
again we've given you a bunch of reasons to get
DoD version two point zero. Okay, we're allowed to have opinions.
In our opinion, it's our that's to state planning work.
Yet best to state planning work ever. Okay, grab it
professionally bound. Grab two copies, street copies of whatever you need.
(35:07):
It's totally freak. Guysies are expensive, expensive, expensive. Grab your
free copy. If you want to be brought up to
speed on what we discuss as our pillars, please again,
we can get your education materials. We can have one
on one conversations. Whatever you guys like, a lot of
you guys like the phone call thing now terrific. That's
where to go www dot Madisonmanagers dot com.
Speaker 6 (35:31):
So Dan, everyone is just about if you're not an
extension filing your tax return right now?
Speaker 5 (35:37):
Yeah, okay, And most people are.
Speaker 6 (35:39):
Not real excited about what the result was for one
main reason. If I have investments outside of my four
oh one k or ira, I'm taxed every year and
everyone gets this awful thing called a ten ninety nine
or a ten ninety nine.
Speaker 5 (35:57):
Or whatever whatever the case may be.
Speaker 6 (36:00):
You still have to start understanding the difference between ordinary
income and a capital gain. You have to understand what
basis means. You have to understand how you can calculate
gains and losses.
Speaker 1 (36:14):
Uh.
Speaker 6 (36:15):
That is also in DD two point zero. The point
I'm making is for the pain everyone is feeling now,
it might be worse next year's Mike.
Speaker 4 (36:25):
That's a great point, especially especially with and this is
an excellent point, Mike. And this is next level thinking.
And no one's gonna want to talk about it. No
one's gonna talk about it. This is next level thinking, Mike.
Because again the five or six or seven stocks, and
and again in many instances rightfully so they became such
(36:46):
large pieces of these managed mutual funds. Right that when everyone,
meaning everyone, your neighbor, right, when your neighbor gets spooked
and they hit the sell button, that manager has to
sell it.
Speaker 5 (36:59):
It's not because choice, and he has to sell what.
Speaker 4 (37:02):
Sell what he can, sell what he can.
Speaker 6 (37:05):
So if there are gains in those stocks, when you
sell your mutual fund shares, you're negatively impacting me, even
though I didn't sell.
Speaker 4 (37:15):
Yes, correct, correct, correct.
Speaker 6 (37:17):
And it's not just stock funds, it's bond funds. And
you know my distaste for bond funds.
Speaker 4 (37:23):
You know what I'm also noticing too, Mike, And I'm
noticing this more from you know, our friends who are
developing the really developing Pillar two strategies, they're developing Pillar
three strategies, more and more and more menu options, more and.
Speaker 6 (37:39):
More, because it's becoming shall we say recognized, shall we
say embraced finally by you and me, you know, Joe
Sixpack and our customers. That's good for you and I
as consumers. Oh yeah, and it's good for you and
I as advisors. Yeah, because the more tools they'll let
(38:00):
me pack in my toolbox, the better the outcome I
can try to make for you the client.
Speaker 4 (38:05):
You know what I will guarantee is going on. And
you know what I'm going to guarantee what's going on
out there, Mike. I'm going to guarantee that a lot
of the blueberry purveyors what they're doing on these particular
weekends or during the week or whenever when whenever they
chit chat with their followers. If you will, I'm gonna
(38:26):
guarantee they're telling you how good it is to be
down twenty plus percent, because it's happened eight point two
times over the last seventeen point six two years.
Speaker 6 (38:39):
And they're gonna say, just go out in the backyard,
dig up your bucket of Kruegerrand krugers and buy more stock.
Speaker 4 (38:46):
Yeah, because that's what we all, we all do. We all,
we all have the we all have the Kruegerrands. Meanwhile,
in the real world, in the real world, if you're contributing,
if you're working and you're contributing to your retirement plans, work,
and you're also doing an IRA maybe with us here
at Madison, in the real world, and you have expenses
(39:07):
and all of the above. In the real world, there's
not much extra lout but in these magical, magical worlds
where the Blueberry portfolio folk. Ply, you dig up your Kruegerans,
as Mike said, right by, you dig up your rare
earth metals.
Speaker 5 (39:24):
Just keep buying the dish.
Speaker 4 (39:25):
Your backyard turns into a mine. A literal mind that's
not real life, guys. And again this goes back to
what we're doing, Mike, let's get let's do this guys.
You guys, a lot of your clients are listening, and
you know we had the one on one conversation with
you anyways, so it really does. It applies, but it doesn't.
I mean, you guys all send your kids. But if
(39:47):
you're listening right now, guys, give your kids a shot
on goal. Seriously, give them, give them a shot on goal.
They don't have to be at the superstore. They don't
have to be at the big box bank. For Heaven's sixty,
it don't have to be serviced by a one eight
hundred number, right, they don't have to have that. Forget
(40:07):
the pels and whistles, forget what we can offer them
at Madison in terms of results, right, in terms of results,
don't have some service by one of these one eight
hundred numbers.
Speaker 6 (40:17):
Now we know that the younger kids, and I say younger,
probably fifty and under. Everybody likes to do everything online.
And that's great. So at Madison, go online, you check
your stuff, do you do your thing. But when whatever
situation arises, mom and dad pass away, Mom and dad
(40:39):
get ill, Mom and dad have a cognitive decline. I
need to come up with some strategicy. I need to
know what my next move in the chess game is.
Then they get to call us. They still get the
online fun, but you want someone to pick up the phone,
who's been around the block a few times, to hold
Jimmy's hand.
Speaker 4 (41:00):
I gotta think, Mike, do you think the calls that
are being made? And I gotta think back. I can't
because I flushed out of my mind. But back in
the big box superbank, right, do you think the calls
being made? If there are any to clients during these times,
do you think are they calling on like a one
(41:21):
off like hey, Joe Pamazon looks attractive here, or are
they calling on hey, do you have the Kruegerans to
dig up because we can add to the blueberry. What
do you think those calls are?
Speaker 5 (41:37):
Well?
Speaker 6 (41:37):
I only hear it secondhand from people who have finally
fired the big box.
Speaker 4 (41:42):
Are there no calls that can't be any call?
Speaker 6 (41:44):
Most of the calls are what we laugh about. Hey, Mike,
markets always come back r right. I'm going to show
you a ninety year history of the market and it's
average x y z percent. So just hang in there.
But what if I'm retired and i need cash from
my Blueberry portfolio and now I'm eating my principal to death,
(42:08):
I'm never coming back.
Speaker 4 (42:09):
I just don't write. I mean. And that's the thing.
Speaker 5 (42:11):
I think those are the calls.
Speaker 4 (42:12):
We don't talk about the danger that the negative sequence
of returns danger.
Speaker 5 (42:17):
We haven't done it in a while. We should.
Speaker 4 (42:19):
But the reality is, guys, this is Exhibit abcdefg HJJK
elemental p as to how to avoid right and or
at least lessen the potential damage that negative sequence of
market returns can have on your portfolio and your ability
(42:41):
to fund your retirement.
Speaker 5 (42:42):
And let's think of it in two phases.
Speaker 6 (42:44):
One, I'm eyeballing retirement, but I'm naked in the market
and I've just gotten killed.
Speaker 5 (42:51):
Now what am I doing?
Speaker 6 (42:52):
I'm thinking, maybe I don't get to retire when I
wanted to phase one, phase two.
Speaker 5 (42:57):
I've just retired my wife and I I want to
go travel.
Speaker 6 (43:01):
We want to go visit the grandkids, we want to
remodel the bathroom. And now your money's been decimated. None
of those things happen anymore. No, So when we say
negative sequence or return, what we're really talking about, if
you're naked in these blueberry portfolios, is luck. Yeah, you're
just hoping for good luck versus when we have the
(43:23):
pillars in place, we have to find outcome. We know
you can still go remodel the bathroom, go travel, Yeah,
go see the grandkids. We're not going to let this
chaos mayhem of the world curb your plans.
Speaker 4 (43:35):
I try not to even get into it, Mike, because
again I get so excited when we're discussing Pillar two
with clients. I get so excited. But there's a big
piece of pillar too that is huge upside to the
devotees the adopters, right, and that's the ability to get
a raise down the road, right.
Speaker 5 (43:57):
Which I think we're all going to need thattential to
get one.
Speaker 4 (44:01):
And that's the key, guys. And we really don't get
into the weeds, and I you know, again, I don't
think I don't think it does any good on these
airs to really get into those weeds. But just understand
that not only is pillar two providing all of what
we discuss, but three years down the road, if the
(44:22):
portfolio works well, right, you could potentially get a raise
and Mike, how long is that raise good for forever?
Speaker 3 (44:33):
Well?
Speaker 4 (44:33):
Boy, that that's mister producer.
Speaker 5 (44:35):
Until I'm until I'm gone or my wife is gone.
Speaker 4 (44:39):
Guys, it's another next level of protection, right, next level
of protection that's available to you, or or let's juxtapose
that with the emerging market hyper sensitive, high highly convex
Malaysian portfolio nine debt instruction right two percent equity map
(45:04):
at Blueberry Hill. Guys, do it the right way. Www
dot Madison Managers dot com. We'll talk to you, we'll
get your goodies out, we'll see you in the office.
We had a blast. Hope you did too,
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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,
tax or legal advice. Information has been obtained from sources
(00:21):
deemed reliable, but its accuracy and completeness are not guaranteed.
Neither Osaic Wealth Inc. Nor Madison Wealth Managers accept any
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a qualified financial, legal, or tax professional before taking any action.
Any opinions expressed in this form are not the opinion
or view of Osaic Wealth Inc. Information in this illustration
has been obtained from sources believed to be reliable and
are subject to change without notification. The information presented is
(00:44):
provided for informational purposes only and not to be construed
as a recommendation or solicitation. Investors must make their own
determination as to the appropriateness of an investment or strategy
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Speaker 2 (01:04):
You are about to experience the Planning for Prosperity Show three.
Speaker 3 (01:09):
Two, putting me on the.
Speaker 4 (01:15):
Cover of the Rollstone Up. Happy weekend, everyone planning for
a prosperity radio. Oh, this is one of your guys,
(01:37):
Kenny Chestnut. That was Kenny.
Speaker 5 (01:41):
I'm feeling chest.
Speaker 4 (01:44):
Look a Joey Chestnut.
Speaker 5 (01:46):
Well he ate all the hot dogs.
Speaker 4 (01:47):
Yeah, I think you retired though I think he did too. Yeah,
I think you officially. I think you officially retired. Thank
you everyone, you did such a wonderful job. And listen.
If its markets like these two nudge all of us
towards deeper education, deeper understanding of the pillars, so be it,
(02:12):
so be it. It's it's what we believe should undergird
your investment portfolio in today's day and age, where you
just seem to go from year to year to year
to year of sadness with respect to portfolio.
Speaker 5 (02:25):
And what we're hearing from the listeners is loss.
Speaker 6 (02:28):
Of hope, a lot of that because after you get
kicked in the shin enough times.
Speaker 5 (02:34):
M hm.
Speaker 6 (02:34):
You say, maybe I want a second opinion, Maybe I
want somebody to look at my stuff and see if
there's an alternative.
Speaker 4 (02:43):
You gotta have some sort of defined outcome, like you
have to at the end.
Speaker 5 (02:47):
I couldn't live without it.
Speaker 4 (02:49):
Well, don't you have to have it though in today's standing,
because I have no hope? Well no, I know you're
not a hopeful person, but I because I try to
bring the hope and it.
Speaker 6 (02:57):
Keeps proving true over and over and over again that
the markets are so fragile and the smallest catalyst makes
things just go boom, and usually not in a positive way.
Speaker 4 (03:11):
I've done this for a while, guys, and you know,
trained on the academic side of this and all that
great stuff and YadA YadA, YadA bad. I got to
tell you, guys, if you're trying to pick individual securities
and you're again looking to looking to be the next
(03:31):
great mega billionaire doing that, guys, I gotta tell you
you're better off betting on the giants. I mean, quite
simply put out, I wouldn't do it. That's that's the point, Mike, guys.
Let's keep it simple. Big thank you to all of you,
all of you phone calls, appointments, education, do O D
(03:56):
two point zeros. This is your gateway, guys, it's WWD
W dot Madisonmanagers dot com, www dot M A D
I S O N M A N A G E
R S dot com. You're just gonna go there. Do
it right now. Go on the phone right however you
like it, Guys, you at your tablet, whatever it is,
(04:16):
go there right now. Just click on any one of
those boxes, any one of those boxes that say ask
Mike and Dan, I want to send an appointment, whatever
the box, whatever wanted happens to be, Click on it,
name number, address. If you want something specific like D
O D two point ohs, I want two D O
D two point oh's that's where you that's where you
let us know. I mean, it's that simple. If you
(04:36):
want education on pillar three, if you want a phone
call with Mike on pillar four, which which which I'm
gonna make sure we get a segment out of Mike
this particular week because I just think it's so critical,
and we ended the show last week Mike where we
talked about, I mean, quite simply with the Russell two thousand.
It is what it is in that there's a a
(05:00):
period where you know, at one point during this month
where simply put over the past seven years, it's not
that you didn't make any money. You lost money if
you're in the Russell two thousand.
Speaker 6 (05:10):
If not, it didn't just lose money, Dan, you lost time,
you lost purchasing power, you lost tax dollars.
Speaker 4 (05:18):
Wait, here's my point, Mike. If I can be Russell
two thousand, if I see, I want to be small
cap boy, right, I want to be a small catboy.
I want to be my log. Right, I want to
be my log floating out there. I'm small catboy. Why
would I not want to be educated by you on
being Russell boy? Right, small cat boy in pillar four?
(05:43):
Where I can define my downside that I'm willing to
take and if that does, if that does occur, money
gets put back into my account and I do it
again the next year.
Speaker 6 (05:58):
Let's say you had annual protection, Dan, Yes, that's what
y annual every twelve months with that Russell being absolutely damaged,
at least you kept your principal intact. That's it might
not have made any money, but it didn't get killed.
Speaker 4 (06:16):
That's Mike, that's the point. Why wouldn't I do that?
Speaker 5 (06:21):
Well, I'll tell you.
Speaker 4 (06:21):
Why tell me? Please let me know.
Speaker 5 (06:23):
This is as the end of March.
Speaker 6 (06:25):
This is the the monthly market analysis by by one
of the.
Speaker 5 (06:30):
Blueberry portfolio holders.
Speaker 6 (06:31):
Okay, okay, right, don't get upset with me, stop because
it makes me happy. In this current model three point
zero that they have is currently bearish as six of
the eleven sectors only six are in by status. However,
I'm quoting this returns among market sectors appear to be strengthening.
Speaker 5 (06:57):
This is right before the market got absolutely shelled.
Speaker 6 (07:01):
But this is what the banter that they're putting out
there for the Blueberry portfolios.
Speaker 5 (07:07):
And they have nice grafts with dots as to what
they have a bed what he did?
Speaker 4 (07:11):
You cut a check for those six seconds? But what
do you do exactly?
Speaker 5 (07:16):
This just is supposed to make you feel better.
Speaker 4 (07:18):
Oh so you don't actually take action.
Speaker 6 (07:20):
I don't think they did anything because these quote unquote
sectors appear to be strengthening.
Speaker 5 (07:26):
Are they strengthening right now? Dan?
Speaker 6 (07:28):
How's about there's April bend to these people. It's not April,
it's going back to last sept Are they strengthened. Here's
here's here's the point.
Speaker 4 (07:35):
Guys. There's no action plan. You could read through that
if you care to.
Speaker 6 (07:41):
It's only about twenty pages. Well, right, that absolute nonsense.
Speaker 4 (07:45):
If and the reason that was put together was because
someone told someone to do it.
Speaker 5 (07:50):
Well, they're justifying their existence, and right, someone was what
they're doing.
Speaker 4 (07:53):
Someone said, hey, Joe, you're in charge of this this month. Okay.
The point is this, there's no call to action there, Mike.
There's no ad to your pillar two so that you
can strengthen your guaranteed withdraw dollar. You heard that, right,
guaranteed which draw dollar in retirement. There's no call to action, right.
Speaker 5 (08:13):
Well, what let me give you that there?
Speaker 4 (08:15):
Okay, so let me okay, okay, let's play this game.
Let's let's play this game only because I get so
annoyed at this crap. Let's play this game. Okay. Six
of the eleven buttercups, right, Six of the eleven peanut
butter cuppies are in buy mode. Right, they're in by mode.
You're supposed to buy which one? What do I buy?
Speaker 5 (08:33):
Uh? The sector thing? Thing?
Speaker 4 (08:38):
But which of the six?
Speaker 6 (08:40):
Well, they give you a dot on the matrix and
it's on a sliding scale.
Speaker 4 (08:47):
Are you talking about this?
Speaker 6 (08:50):
Okay, this is absolute inanity.
Speaker 4 (08:53):
It's absolute absolute And.
Speaker 6 (08:55):
These guys manage billions of dollars and this is what
they're sharing with her.
Speaker 4 (08:58):
Because Mike, because you made the you made the point
last week. What's going on is what they're doing is
they're putting on buffets. They're putting on buffets around the country. Right,
And these guys are seleck they're smart, they're smart. They're
putting on buffets.
Speaker 5 (09:12):
Because they're great sales.
Speaker 4 (09:13):
What they're offering is no different than what you currently consume.
Make no mistake, their Blueberry portfolio has zero, zero chance
of offering you anything different from your current Blueberry portfolio provider.
But what they will do is they'll put on the buffet.
Speaker 5 (09:32):
Is that what the politicians called hope and chain.
Speaker 4 (09:34):
They'll go to Harrisburg, they'll go to Baltimore, they'll go
to Rochester. Right, they'll fill the auditoriums. People want the buffet.
People are pissed, right, they're pissed because they're Blueberry portfolio.
Let them down. They're going to show you the new
Blueberry portfolio.
Speaker 5 (09:51):
It's all it is.
Speaker 6 (09:51):
It's a different wrapper. There is all it is. They
put a different packaging on the same product.
Speaker 4 (09:57):
So if you want to hear a lot of hamaahamanah,
I'm gonna just raise your hand and say, well, what's
my defined outcome?
Speaker 5 (10:05):
And then you hear silence, and the silence is deafening.
Speaker 4 (10:09):
And you here have another slice of peanut butter pie.
Speaker 3 (10:11):
Joe.
Speaker 4 (10:12):
Thanks, going to break guys, Dad Polanski, manage your director,
Mike Brown. We don't we don't serve peanut butter pie
here at Madison, at least I don't think so. W
w W to Madison managers dot com. Click on one
of the boxy thinkies. Let us know again. Guys, you
were so great last week. Do it again this week.
We'll see right back.
Speaker 2 (10:32):
You are about to experience the planning for prosperity show
in three.
Speaker 3 (10:37):
Two Plant River, Catch yourself a little.
Speaker 4 (10:54):
Michael Brown, Catch yourself a little fish dinner?
Speaker 5 (10:59):
Is this Briggs and stret This has got it now?
Speaker 4 (11:02):
This is that guy who's not American idol I think?
Am I right sitting down? Let me tell you this,
And this is no disrespect to Luke Bryan.
Speaker 3 (11:10):
Is that his name? Luke Brian?
Speaker 5 (11:11):
Luke I don't know these young guys.
Speaker 4 (11:13):
I'm not listen. This is no disrespect, but let and
we're prone to saying this because again, you guys know,
we don't play musical interludes just for the sake of
playing musical interludes. There's always a theme. We build on it.
It's sing along. Name that tune, Name that singer. Luke
Brian can't sing. There's no one, no one.
Speaker 5 (11:34):
Isn't it a huge star though, the biggest.
Speaker 4 (11:37):
Because he's talking about picking your catfish dinner out of
the stream.
Speaker 5 (11:40):
See, I should like that.
Speaker 4 (11:42):
Why don't you talk about pulling pulling pillar four out
of the pond.
Speaker 5 (11:48):
I think you're onto something.
Speaker 4 (11:49):
I know I'm onto something. Guys planning for a prosperity
radio R Mike Brown will pull pillar four out of
the dirty pond for you in a similar vein that
Luke Brian. Luke Ryan will pull your catfish dinner out
of that out of that flowing stream, that brooks stream.
Speaker 5 (12:08):
I hope it's nice and muddy.
Speaker 4 (12:10):
What are the chances Luke Brian would even know what
to do with a catfish out in the wilderness? Now
may I do?
Speaker 5 (12:19):
It would be delicious?
Speaker 4 (12:20):
Well, you would just smash it up in tartart or
something along those lines.
Speaker 5 (12:23):
But Luke open fire, So.
Speaker 4 (12:25):
Luke Brian so but he and again, guys, we don't
need an idol guy. I just don't know what he
is anymore. But we don't want to get too far
off the beaten path. But but but the point is this,
So you catch the catfish, but that's not catfish dinner.
Is he carrying the potatoes? Is he carrying the green
beans with them?
Speaker 6 (12:42):
I thought you just said let's not get off the rails,
and you're just feeding my flame.
Speaker 4 (12:46):
I am so guys, I am so livid this week again,
you guys have been so great grabbing DoD version two
point zeros, getting brought up to speed on the pillars.
If there's ever been a time this is just Captain
obvious type stuff, it's now www dot Madison Managers dot com.
(13:07):
I am so upset because I think the Blueberry portfolio
has just manifested itself so deeply in the fabric of
this country that you just get to the point, Mike,
(13:31):
where you put it where you kind of lose a
little hope, don't you.
Speaker 6 (13:35):
Well, let's see, since COVID began, I'm five years older.
I've had five years of inflation, I've had five years
of taxes, and I still don't have any more money.
You actually have a lot less purchasing power, real money,
not dollar bills, but what you can actually buy with.
Speaker 5 (13:55):
Because Wall Street, we talk about this all the.
Speaker 6 (13:57):
Time, the greatest marketing in the history of mankind, and
they have become absolute masters at repackaging the same old
stuff to keep you on board.
Speaker 4 (14:09):
We guys, and you can so many of you do
adopt us this way and that you just you start
out by trying a pillar, right, You start up by
trying a pillar, yet experience it absolutely, you start up
by trying a pillar ninety and again we I personally, okay,
I personally favor the pillars that are stackable, if you will, right,
(14:32):
okay means what I mean, Mike, what it means is
no different than the Blueberry portfolio. If you're if your
quote advisor is doing their job right, they may look
to times like this and say, okay, we've got a
you know, got a fire sale. Right. You know, normally
I would like to buy something that's thirty percent less
expensive than it was just several months ago. Right, makes
(14:52):
some sense, Right, but with certain of our pillars, you
can do the same thing. Do the same thing.
Speaker 6 (15:00):
But Dan, if I'm if I'm in the Blueberry portfolio
and you're my advisor, and I call and say.
Speaker 4 (15:06):
I don't want any more emerging market.
Speaker 6 (15:08):
The equity markets have been absolutely trounced. I'm thinking about
getting rid of these garbage bond funds and having more
equity exposure.
Speaker 5 (15:19):
The advisor may not allow you to do so.
Speaker 4 (15:22):
Oh, you may not be able to.
Speaker 5 (15:23):
You're in constraints.
Speaker 4 (15:24):
You may simply, but you may not be able to.
Speaker 6 (15:26):
You don't know this, but you're in a jail cell
and they tell you what to do.
Speaker 4 (15:32):
Let us help you get out. Yeah, how does that sound?
Let us help you get out? Guys. The easiest way.
The first step is again education. This is education first, second, third, fourth, fifth,
Here www dot Madisonmanagers dot com. Click on one of
those cliquies and at least let us educate. Let us
show you. I think the simplest tool for us to
(15:53):
show you right now, if you want to look past
five years, because I think that's that's fair, right, I
think that's fair.
Speaker 5 (16:00):
I wish we could go ten.
Speaker 4 (16:02):
Let's just look cast five years.
Speaker 5 (16:03):
You can't do it.
Speaker 4 (16:04):
I would like to look at pillar four. Okay, like simple,
Notice I said simple, Okay. I didn't say what I
thought was best, worst, and different. I said the simplest.
Let Michael show you pillar four. Had I been S
and P boy, Right, I'm the super smart S ANDB
five hundred guy. Right, don't want to deviate from that path.
And oh, by the way, Michael taught me how I
(16:26):
could go year to year over the last five years. Right,
And he taught me how I could place twenty percent
downside protection. Right, that's not the most, it's not the least. Right,
twenty percent downside protection each and every year. Right, have
it restack, remeasured, recalibrated each year. Right. Just take a
(16:48):
look at that. Take a look at it, and we
can see what the model did.
Speaker 5 (16:52):
We can we also compare.
Speaker 6 (16:54):
Maybe I want to be a little bit more aggressive, Dan,
I only want ten percent protection?
Speaker 4 (16:59):
Or what if I want to be an ASDAC boy, or.
Speaker 6 (17:01):
I am just not feeling good about the world. Maybe
give me thirty percent per your protection. Now, I think
that might be overkill mathematically, right, but it's available.
Speaker 4 (17:12):
But just look. But my point is this, Mike, you
know how you call like the Big Box supercenter, and
you say, send send me the Blueberry port said, send
me what you were that garbage you were just reading, right,
send me send me that stuff, right, send send me
the junk. Okay, send me that. Just send a print.
Speaker 3 (17:28):
Call us.
Speaker 4 (17:28):
We'll send it to you. Five years, five years, s
and P, s and P five hundred. Boy, with twenty
percent downside year to year.
Speaker 5 (17:38):
You might like it. You just might like when you
compare it to the Blueberry portfolio.
Speaker 4 (17:43):
You just and you know what, Mike, how much simpler
is it?
Speaker 5 (17:49):
Well? I have fewer moving parts.
Speaker 6 (17:51):
Right, I'm not gonna get these nonsensical phone calls that
it looks like the European bond market has good value today.
You're not gonna hear that nonsense from us. That's not
what we're gonna talk about. We're gonna talk about forward looking.
How much protection do we want at this point in time?
(18:11):
Do we want to save or keep this allocation? Do
we want to extend the period of time when we
have protections?
Speaker 5 (18:19):
Those are real tactical conversation.
Speaker 6 (18:21):
Right right, right exactly, Not this absolute insanity of moving
two percent of my portfolio from blue to green.
Speaker 4 (18:28):
It's you guys, listen, I all credit new new clients,
new members. Had this conversation last week, and I my eyes, listen,
I'm always super nothing. You know what I should I
shouldn't be surprised, Mike. But sometimes even I'm surprised, because
I honestly, this was a portfolio at a bank what
(18:49):
I would consider to be a typical commercial bank. I'm
certainly not a superstore. Certainly not. Oh, we ate the
you know, we ate the Wall Street machine in the crisis,
and now we're you know, now we're superbank. Right, It's
what I consider commercial bank. And they had a portfolio, Mike,
I would again, I didn't do the exact math, but
(19:10):
I'm eyeballing it. Let me. Let me be polite and
say at least ten percent, at least you heard that
at least ten percent of the portfolio was in synthetic bonds.
Speaker 5 (19:21):
I don't even know what that means.
Speaker 4 (19:22):
No, nobody does.
Speaker 3 (19:22):
No.
Speaker 4 (19:23):
Again, your to your typical structure.
Speaker 5 (19:24):
There's a structured products that always blow.
Speaker 4 (19:26):
Up, structured products that pay some sort of income. So
long as the underlying city group stock stays with an
xyz band for xyz number of days. If it happens
to break that band, You're going to get many, many,
many shares of City Group stock that's you didn't want.
(19:49):
It's going to get depositive in your portfolio. You're gonna say,
what the hell just happened?
Speaker 3 (19:52):
So what just happened there?
Speaker 5 (19:53):
This was supposed to be my wink wink bond.
Speaker 6 (19:56):
Yeah, portion that has the potential to more into more equity.
Speaker 5 (20:02):
That's not what I said.
Speaker 4 (20:03):
Had a commercial bank, Mike.
Speaker 5 (20:05):
Because they're getting paid a fortune to sell this stuff.
Speaker 4 (20:07):
Oh God, if you guys only knew, If you guys
only knew those things. Remember, remember Mike, back in the day,
because Mike, Mike and I Mike and I we we
we were when we first met, we were at I
would argue the creator of said super products.
Speaker 5 (20:22):
And they made a fortune, and you clients didn't.
Speaker 4 (20:25):
You could bet on whatever you want, and you could
get so good. They it was a casino, Mike, Remember
you could literally they wanted to roll them every three
months because.
Speaker 5 (20:35):
They kept getting and it was structured. Now as luck
would have it.
Speaker 6 (20:42):
I didn't understand that stuff, so I didn't put it
in any client's portfolios because they all went boom.
Speaker 4 (20:47):
Right, But that was because again and that that was
that was the lucky part of it, Mike. But the
point is, guys, if you are let's just take this back.
If you're looking for income right and you want to
guarantee you want to find out come, let us just
educate on pillar two, what we call pillar two. It's
super simple, it won't take long and you'll enjoy the conversation.
(21:11):
Easiest way to get in touch www dot Madison Managers
dot com. Just click on one of those clickie things.
Let us know you want to call, and let's talk
about income. We'll see you right back.
Speaker 2 (21:22):
You are about your experience, the planning for prosperity show.
Speaker 3 (21:26):
It's three two over there talking. Then you in with
your hair in.
Speaker 4 (21:38):
The happy weekend everyone game plate, Michael around, manage drive
to mic around, just yoursel it's another one of these guys,
love calm. It's another one that's modern.
Speaker 5 (21:51):
Guys.
Speaker 4 (21:54):
Yeah, let's hear your hurricane doesn't Oh no, that steam?
What what's the what's her name? Miley cyrus is song
hit me like a wrecking ball. Wrecking ball. So this
guy hits you like a hurricane.
Speaker 5 (22:15):
Good America, real good?
Speaker 4 (22:17):
Okay, guys, maybe okay, w w w W DoD Madison
Managers dot Com. Okay, those of you want.
Speaker 5 (22:26):
To get a voice, and the s of.
Speaker 4 (22:31):
You want to get an a today, please come to
the front of the class and we're gonna have a
little education, okay, because that's what we do on these airs. Okay, yeah, okay,
let me start with this. I can't I'm going to.
I'm going to. I'm going to begin with us, Mike.
Let's say I'm a young lad and lass and I'm
(22:54):
just starting out right, and I'm not I'm not yet
eligible for pillar two, right because these simply put, I
can't do I can't do guaranteed withdrawal for life, because
simply put, these these these producers, these providers, they'll go
broke if they offer these forty year old person they'll
go broke. Right. But let let's say, let let's say
I want to start building something I want. I want
(23:15):
a defined outcome, and I least want to know that
at the end of my term, right, my chosen term, right,
that I'm not going to lose any money. Right, literally,
I'm not gonna lose any money. Okay, So, oh yeah,
you play type of CD treasure. I guess you know whatever, Oh,
not so fast, not so fast, Michael. Could I potentially
(23:38):
be telling you about pillar three, Michael, where we can
get you some stock market exposure, get you a lot
of it if you want. We could potentially we could
potentially talk about putting one hundred of said dollars into,
depending on the minute, the world's largest hedged stock fund.
Speaker 5 (23:57):
Yes you or that right?
Speaker 4 (24:00):
And what do you mean at the end of my term?
Hen I can't lose any money?
Speaker 3 (24:04):
Mike?
Speaker 4 (24:04):
Does that sound like a smart conversation for a youngster
these days?
Speaker 3 (24:08):
Look?
Speaker 5 (24:10):
Or when you add in the flip side of that?
Speaker 4 (24:12):
Yes?
Speaker 5 (24:13):
Or what if the world heals?
Speaker 4 (24:15):
Mm hmm, it's great.
Speaker 6 (24:17):
What if the markets actually start working again? It's true,
and over that term the stock market doubles.
Speaker 4 (24:24):
Love it?
Speaker 5 (24:25):
I get the double. Okay, now say that happens. What
do I do next?
Speaker 6 (24:31):
I start a new term, and now I lock in
all the games and I start over again. Or I
can't lose a nickel of my original principle or my gains,
and maybe the world continues to heal, maybe we double again.
Oh but what if we have a good cycle, my
money doubles. I'm all excited, and then this world turns
(24:53):
into this world again.
Speaker 5 (24:54):
M hm, I protect all my money.
Speaker 4 (24:58):
I'd like to educate eight younger and younger and younger
and younger people on this strategy.
Speaker 3 (25:05):
Mike.
Speaker 4 (25:05):
Why, Well, because there are fools out there, fools, morons, morons,
we'll call them morons who actually tell tell individual investors
that they're too young for principal protection.
Speaker 6 (25:20):
Because because why they're morons. You have a lot of time.
Well you should be super aggressive. You can handle the
next market crisis. But why would you want to.
Speaker 4 (25:30):
And when your portfolio is down thirty percent like it
just was, Guess who's going to answer the phone over there? Nobody?
Speaker 6 (25:37):
Or maybe you're gonna get this, Jimmy, hang in there.
The market always.
Speaker 4 (25:44):
Reach and manly. I know, I know, Pete. I just
want you to tell me to be real good.
Speaker 5 (25:49):
Just tell me everything's gonna be okay.
Speaker 4 (25:51):
Pete knows no more about when that market's gonna turn
than you do. Jimmy. Nope, zero zero Okay. So let's
again you guys who are listening. Maybe you're younger, ill,
Maybe you got some kiddos that are just getting out
getting started. Maybe Mike, maybe it said Mike. Maybe just
you're at that age where you can't quite yet get
into something where I can sort of generate guaranteed income.
(26:13):
Maybe I'm forty or forty five, whatever it happens to be, right, guys,
let's start start the conversation now right, cut the crap right,
be blunt.
Speaker 6 (26:21):
And here's what's gonna happen. You're the parent, you're retired,
I'm the I'm the sun hm. And you want me
to be educated on this. You know what's gonna happen.
You're gonna say this might work for me too.
Speaker 4 (26:36):
Oh, with that's what always Oh Mike, we get that.
Oh the god that that always that what always happens
is this guy's almost always ninety plus percent instances. You
get your first exposure to pillar two. Pillar two is
what we call guaranteed withdraw rate for life, guaranteed retirement income,
guaranteed income, what personal pension, whatever you guys want to
call it, right, because you have the stock market exposure,
(26:58):
you got everything, but you have a defined income stream
for the rest of your life. If you want to
attach a spouse, congratulations. What you do when you experience
that and you get a grasp of right, you start
to understand always we get this, mic, I gotta get
(27:20):
my kid into this. I gotta get my kid. Here's
my son's phone number, here's my daughter's. But we always
get that, and unfortunately, unfortunately the providers have said benefits, right,
they can't. They just can't do it. It's just it's just
not it's not financially viable for them, because that's how
rich these benefits are. But it's a big button. We
(27:43):
can provide defined outcome investing exposure for your kiddos, right,
Like right, doesn't have to be all. Let me call Wayanward,
let me call Powelle. Right, let me call these guys
and get the whatever funded is Fund of the Mississippi
is Fund of the O's Arks, the Great Fund of
(28:04):
the Ozarks, whatever it happens to. That doesn't have to
be your experience.
Speaker 6 (28:08):
Can we go a little deeper? Yeah, I'm the son
again your dad. Unfortunately you named me as executor of
your estate. Okay, you pass and I have to go
to the financial institutions and say my dad passed away,
and they're gonna say, okay, and I'm gonna say I'm executor.
(28:30):
I'm gonna say that's wonderful. Just provide me with the letters,
what's called letters of testamentary and we can give you
all that information. And I say, I don't know what
you're talking about. Versus we use one of the pillars,
you as Dad, use one of the pillars. You know
what doesn't happen that conversation. You know it doesn't happen.
(28:54):
I'm not sitting at a probate court. You know what
does happen? As the beneficiary? I get a check cut
to me within days. I mean, let's talk about the
real angst of this, and I'm gonna morph into a
little bit of the state planning. How it melds into
what we're talking about. If you are unfortunately named as
(29:16):
executor or trustee but you're not given the information you
need to execute your duties. And say, again, I'm the
sun and I don't know where anything is.
Speaker 1 (29:27):
M M.
Speaker 6 (29:29):
I have a personal liability to now find this and
figure it out. Now my life revolves around this because
my siblings are saying, Mike, where's my money? And if
I say, well, you know, we just got to go
through the probate process. Because Dad wasn't organized, he didn't
have he didn't have the DoD he didn't explain to
(29:51):
us how unorganized he was. You know what the siblings
are gonna say, I don't care where's my money? And
now the relayationship starts to break down. All that can
be avoided in two things. You understanding your duties, getting
add and number two, have built in estate planning to
your investments.
Speaker 4 (30:11):
And what we call real estate planning. Yep, right, rank
what we call real estate planning. Because this is starting
to creep into when we have these massive draw downs
in markets on top of massive draw downs on top
of massive drawdowns and markets, what happens is eventually, you know,
we're all going to pass, right, We're all going to
keep going.
Speaker 6 (30:31):
Let's just say that you passed away January first. Okay,
Now I'm stuck in probate for six or nine months
and your million dollars from now we're seven hundred thousand.
Speaker 5 (30:42):
There's nothing I could do about it.
Speaker 4 (30:43):
I was gonna even take a different angle, Bob, but
I like that angle too.
Speaker 6 (30:47):
Who's going to be happy with me as the executor.
They're gonna blame me even though it wasn't my fault.
Speaker 4 (30:52):
This is the world of blame, Like, this is the
world of blame. We are we are then world of.
Speaker 5 (30:56):
Is executor, I'm personally liable.
Speaker 4 (30:59):
That's not good. Well, here's I was going to take it.
The different tact, Mike, is that you know, maybe put
a maybe put two hundred and fifty thousand into you know,
let's say again the growth growth fund A, right, and
again it was within let's say within pillar three, right,
and you got a couple of couple of tough years
on top of each other. Growth fund Growth fund A
(31:22):
was down right with And who's down has to be
has to be whether you owned it in pillar three
or not. Right, it's down. It's down the same amount
regardless where you owned it. And you pass a why
you're looking real smart, you're looking real smart, and you
did the right thing right, You did the right thing
for your family if you had it in pillar three.
Speaker 6 (31:40):
Because you know what me as executor gets to say
to everyone, Dad protected us.
Speaker 4 (31:46):
Guys, we've seen this so many times. This is experience
speaking right now, This is so now.
Speaker 6 (31:52):
It's not my siblings being upset with me, fracturing relationships
amongst the kiddos.
Speaker 5 (31:58):
It's just the opposite.
Speaker 6 (32:00):
Well done, it's a party, well done, not everyone being
upset with each other.
Speaker 4 (32:03):
Well done, and and when you talk about when you're
sitting down with Mike, myself, the team, it's next move
in the chess game for most of you, right, if
you're part of that beneficiary club, right, because we can
talk to you about how Dad made sure that your
full stipend, right literally, your full stipend is now going
to be allocated into a world where financial assets are
(32:26):
on sale.
Speaker 6 (32:28):
So if you don't need the cash, you're now reinvesting
when everyone else is.
Speaker 4 (32:33):
That's especially like a great way to remember Dad.
Speaker 5 (32:35):
Everyone else is hurt, Yeah except us.
Speaker 6 (32:38):
Yeah, that sounds like that's how Dad is memorialized as
taking care of his obligations, meaning his children.
Speaker 4 (32:45):
That's a night. That's a really nice way to put it.
So I think, guys, I think that's that brings us
to break And it's a great way to just remind
you DoD two point zero. That's our state planning work. Okay,
grab your free copies, grab two of them. And again,
if you want some literature, sure on any any of
our pillars that we talk about. Super easy. It's www
(33:06):
dot Madison Managers dot com. M A D I S
O N M A N A G E R S
dot com. Use one of the pressy things. Press on
one of those and again let us know. We'll get
it straight out. See you right back.
Speaker 2 (33:19):
You are about to experience the planning for Prosperity show three.
Speaker 3 (33:24):
Two here saying what you want to do bad, we
can go to the show.
Speaker 4 (33:34):
He don't know. I don't apologize, big dream tractor.
Speaker 5 (33:41):
What I.
Speaker 4 (33:44):
Go for a ride on a tractor?
Speaker 3 (33:45):
What the hell? What is it?
Speaker 4 (33:46):
I'm putting up an over It's another one of these guys,
Jason al Daan boy, he's going back regress, hasn't he's
really regressed?
Speaker 6 (33:54):
Did he get like a big backlash for one of
his songs? Did he do the small town song?
Speaker 3 (34:00):
He had?
Speaker 5 (34:01):
Got upset with him?
Speaker 4 (34:01):
He had a hit or too in his day. Boy,
he's going backwards. Say good for him. He's trying to
reinvent himself.
Speaker 5 (34:06):
I bet I bet you he's still doing pretty good.
Speaker 4 (34:08):
Listen, if the one guy says he's going to catch
you the catfish dinner in the stream, what would you
pull out like some sort of like vegetation out of
the river for to serve as your green to go
with your meal, your supper?
Speaker 5 (34:22):
Why not?
Speaker 4 (34:23):
I don't know, Guys, you gotta get your Dan Polanski,
Michael Brown, Managing director, Michael Brown, thank you for being
with us. Happy weekend. The theme was country. Yes, you
guess that correctly. Now here's where we're going to go
for advanced training. It's www dot Madison Managers dot com,
www dot m A D I S O N M
A N A G E R s dot com. Use
(34:45):
those any of those buttons. I call them buttons. I
used to call them text bix. They're not really textbox,
they're they're buttons. Okay, press one of them. That's where
again we've given you a bunch of reasons to get
DoD version two point zero. Okay, we're allowed to have opinions.
In our opinion, it's our that's to state planning work.
Yet best to state planning work ever. Okay, grab it
professionally bound. Grab two copies, street copies of whatever you need.
(35:07):
It's totally freak. Guysies are expensive, expensive, expensive. Grab your
free copy. If you want to be brought up to
speed on what we discuss as our pillars, please again,
we can get your education materials. We can have one
on one conversations. Whatever you guys like, a lot of
you guys like the phone call thing now terrific. That's
where to go www dot Madisonmanagers dot com.
Speaker 6 (35:31):
So Dan, everyone is just about if you're not an
extension filing your tax return right now?
Speaker 5 (35:37):
Yeah, okay, And most people are.
Speaker 6 (35:39):
Not real excited about what the result was for one
main reason. If I have investments outside of my four
oh one k or ira, I'm taxed every year and
everyone gets this awful thing called a ten ninety nine
or a ten ninety nine.
Speaker 5 (35:57):
Or whatever whatever the case may be.
Speaker 6 (36:00):
You still have to start understanding the difference between ordinary
income and a capital gain. You have to understand what
basis means. You have to understand how you can calculate
gains and losses.
Speaker 1 (36:14):
Uh.
Speaker 6 (36:15):
That is also in DD two point zero. The point
I'm making is for the pain everyone is feeling now,
it might be worse next year's Mike.
Speaker 4 (36:25):
That's a great point, especially especially with and this is
an excellent point, Mike. And this is next level thinking.
And no one's gonna want to talk about it. No
one's gonna talk about it. This is next level thinking, Mike.
Because again the five or six or seven stocks, and
and again in many instances rightfully so they became such
(36:46):
large pieces of these managed mutual funds. Right that when everyone,
meaning everyone, your neighbor, right, when your neighbor gets spooked
and they hit the sell button, that manager has to
sell it.
Speaker 5 (36:59):
It's not because choice, and he has to sell what.
Speaker 4 (37:02):
Sell what he can, sell what he can.
Speaker 6 (37:05):
So if there are gains in those stocks, when you
sell your mutual fund shares, you're negatively impacting me, even
though I didn't sell.
Speaker 4 (37:15):
Yes, correct, correct, correct.
Speaker 6 (37:17):
And it's not just stock funds, it's bond funds. And
you know my distaste for bond funds.
Speaker 4 (37:23):
You know what I'm also noticing too, Mike, And I'm
noticing this more from you know, our friends who are
developing the really developing Pillar two strategies, they're developing Pillar
three strategies, more and more and more menu options, more and.
Speaker 6 (37:39):
More, because it's becoming shall we say recognized, shall we
say embraced finally by you and me, you know, Joe
Sixpack and our customers. That's good for you and I
as consumers. Oh yeah, and it's good for you and
I as advisors. Yeah, because the more tools they'll let
(38:00):
me pack in my toolbox, the better the outcome I
can try to make for you the client.
Speaker 4 (38:05):
You know what I will guarantee is going on. And
you know what I'm going to guarantee what's going on
out there, Mike. I'm going to guarantee that a lot
of the blueberry purveyors what they're doing on these particular
weekends or during the week or whenever when whenever they
chit chat with their followers. If you will, I'm gonna
(38:26):
guarantee they're telling you how good it is to be
down twenty plus percent, because it's happened eight point two
times over the last seventeen point six two years.
Speaker 6 (38:39):
And they're gonna say, just go out in the backyard,
dig up your bucket of Kruegerrand krugers and buy more stock.
Speaker 4 (38:46):
Yeah, because that's what we all, we all do. We all,
we all have the we all have the Kruegerrands. Meanwhile,
in the real world, in the real world, if you're contributing,
if you're working and you're contributing to your retirement plans, work,
and you're also doing an IRA maybe with us here
at Madison, in the real world, and you have expenses
(39:07):
and all of the above. In the real world, there's
not much extra lout but in these magical, magical worlds
where the Blueberry portfolio folk. Ply, you dig up your Kruegerans,
as Mike said, right by, you dig up your rare
earth metals.
Speaker 5 (39:24):
Just keep buying the dish.
Speaker 4 (39:25):
Your backyard turns into a mine. A literal mind that's
not real life, guys. And again this goes back to
what we're doing, Mike, let's get let's do this guys.
You guys, a lot of your clients are listening, and
you know we had the one on one conversation with
you anyways, so it really does. It applies, but it doesn't.
I mean, you guys all send your kids. But if
(39:47):
you're listening right now, guys, give your kids a shot
on goal. Seriously, give them, give them a shot on goal.
They don't have to be at the superstore. They don't
have to be at the big box bank. For Heaven's sixty,
it don't have to be serviced by a one eight
hundred number, right, they don't have to have that. Forget
(40:07):
the pels and whistles, forget what we can offer them
at Madison in terms of results, right, in terms of results,
don't have some service by one of these one eight
hundred numbers.
Speaker 6 (40:17):
Now we know that the younger kids, and I say younger,
probably fifty and under. Everybody likes to do everything online.
And that's great. So at Madison, go online, you check
your stuff, do you do your thing. But when whatever
situation arises, mom and dad pass away, Mom and dad
(40:39):
get ill, Mom and dad have a cognitive decline. I
need to come up with some strategicy. I need to
know what my next move in the chess game is.
Then they get to call us. They still get the
online fun, but you want someone to pick up the phone,
who's been around the block a few times, to hold
Jimmy's hand.
Speaker 4 (41:00):
I gotta think, Mike, do you think the calls that
are being made? And I gotta think back. I can't
because I flushed out of my mind. But back in
the big box superbank, right, do you think the calls
being made? If there are any to clients during these times,
do you think are they calling on like a one
(41:21):
off like hey, Joe Pamazon looks attractive here, or are
they calling on hey, do you have the Kruegerans to
dig up because we can add to the blueberry. What
do you think those calls are?
Speaker 5 (41:37):
Well?
Speaker 6 (41:37):
I only hear it secondhand from people who have finally
fired the big box.
Speaker 4 (41:42):
Are there no calls that can't be any call?
Speaker 6 (41:44):
Most of the calls are what we laugh about. Hey, Mike,
markets always come back r right. I'm going to show
you a ninety year history of the market and it's
average x y z percent. So just hang in there.
But what if I'm retired and i need cash from
my Blueberry portfolio and now I'm eating my principal to death,
(42:08):
I'm never coming back.
Speaker 4 (42:09):
I just don't write. I mean. And that's the thing.
Speaker 5 (42:11):
I think those are the calls.
Speaker 4 (42:12):
We don't talk about the danger that the negative sequence
of returns danger.
Speaker 5 (42:17):
We haven't done it in a while. We should.
Speaker 4 (42:19):
But the reality is, guys, this is Exhibit abcdefg HJJK
elemental p as to how to avoid right and or
at least lessen the potential damage that negative sequence of
market returns can have on your portfolio and your ability
(42:41):
to fund your retirement.
Speaker 5 (42:42):
And let's think of it in two phases.
Speaker 6 (42:44):
One, I'm eyeballing retirement, but I'm naked in the market
and I've just gotten killed.
Speaker 5 (42:51):
Now what am I doing?
Speaker 6 (42:52):
I'm thinking, maybe I don't get to retire when I
wanted to phase one, phase two.
Speaker 5 (42:57):
I've just retired my wife and I I want to
go travel.
Speaker 6 (43:01):
We want to go visit the grandkids, we want to
remodel the bathroom. And now your money's been decimated. None
of those things happen anymore. No, So when we say
negative sequence or return, what we're really talking about, if
you're naked in these blueberry portfolios, is luck. Yeah, you're
just hoping for good luck versus when we have the
(43:23):
pillars in place, we have to find outcome. We know
you can still go remodel the bathroom, go travel, Yeah,
go see the grandkids. We're not going to let this
chaos mayhem of the world curb your plans.
Speaker 4 (43:35):
I try not to even get into it, Mike, because
again I get so excited when we're discussing Pillar two
with clients. I get so excited. But there's a big
piece of pillar too that is huge upside to the
devotees the adopters, right, and that's the ability to get
a raise down the road, right.
Speaker 5 (43:57):
Which I think we're all going to need thattential to
get one.
Speaker 4 (44:01):
And that's the key, guys. And we really don't get
into the weeds, and I you know, again, I don't
think I don't think it does any good on these
airs to really get into those weeds. But just understand
that not only is pillar two providing all of what
we discuss, but three years down the road, if the
(44:22):
portfolio works well, right, you could potentially get a raise
and Mike, how long is that raise good for forever?
Speaker 3 (44:33):
Well?
Speaker 4 (44:33):
Boy, that that's mister producer.
Speaker 5 (44:35):
Until I'm until I'm gone or my wife is gone.
Speaker 4 (44:39):
Guys, it's another next level of protection, right, next level
of protection that's available to you, or or let's juxtapose
that with the emerging market hyper sensitive, high highly convex
Malaysian portfolio nine debt instruction right two percent equity map
(45:04):
at Blueberry Hill. Guys, do it the right way. Www
dot Madison Managers dot com. We'll talk to you, we'll
get your goodies out, we'll see you in the office.
We had a blast. Hope you did too,
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