Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Welcome back to Investing in Trading Live sponsor by Trading
Academy once again. I am your host, Josh Lillquist locally
at our blooming Trading Academy, bringing the airwaves financial literacy.
In the last segment, we covered the income side of things.
Most people are looking for an income strategy in their life,
not a second or third job, and they want to
(00:26):
be able to utilize leverage properly, which is efficiencies in
the dollars that you have. And we had a lot
of people texting in and going to the website for
those free investing and trading workshops locally here at traded
Academy to gain some insight on these financial markets and
leveraged strategies. If you miss those seats, simply just text
(00:47):
the word investing to the number two ten two ten
right now for two seats for a free investing and
trading workshop. We do these classes during the week and
on the weekend, so anybody can attend or go to
Trading Academy dot com you can pick your own seat
and date there. Also follow and subscribe the podcast wherever
you listen to your podcast that's Investing and Trading Live
(01:08):
on Apple Podcasts. iHeartRadio and Spotify. So on this next
segment here al, we have a lot of people seeking
retirement strategies. It's that time of year again where people
are having fun on the lakes. They have their campfires,
they're on their boats, they're camping and just doing different
barbecues with family, and a lot of the topics that
(01:29):
you see and hear out there is, boy, you know,
when are you going to retire?
Speaker 2 (01:34):
Sir?
Speaker 1 (01:34):
When you're going to retire, ma'am. Normally your family you
don't call sir or ma'am, but when are you going
to retire? And that common theme is well, I wish
it was yesterday. But here's what they that's where they stop.
They don't have an actual plan for retirement. Now, one
of the things that you do here at the Academy
(01:54):
is help individuals that want to plan for retirement, but
they don't want to just rely on a hope strategy. Well,
buy a bunch of stocks or buy a bunch of
Musia funds and hope it works out. I was actually
having a conversation the other day with a nice, nice
gentleman and we were talking about that strategy of hope,
and he was like, you know, it's not getting people
(02:16):
to where they need to be. Yeah, you might get
one hundred grand over a course of a lifetime or
two hundred grand over a course of a lifetime. Because
I believe the average four oh one K balance was
right around two hundred and something thousand. I don't know
if you have that stat on hand.
Speaker 2 (02:30):
Out, but I think that's on the high shine.
Speaker 1 (02:32):
That's on the high side, which is not a lot
of money, because if you think about it, if you
want to retire, you're going to need your salary what
you have now or your yearly earnings, and you're gonna
have to multiply that by helmet. However, many years that
you think you're going to be in retirement, well, inflation
is eating that up for people. So people just don't
have enough for retirement. So Traded Academy build strategies designed
(02:56):
individually for each person, because you need a strategy for you,
not a whole basket of people. What are some of
the things that you help people with here at Trading
Academy on building that retirement strategy.
Speaker 3 (03:11):
Okay, before I get into that, let me just come
into two things. I found the dellbar number I mentioned
the Delbar study the average investor over a thirty year period,
their average annual turn is two and a half percent.
Speaker 2 (03:22):
Oh wow, that's pretty good. That is worse than we
said before.
Speaker 3 (03:26):
Then you also mentioned something about when to get out
of a trade. The most important thing. Once you have
identified the right time to get in, you have to
know when to get out. In fact, you need to
know when to get out of a position before you
even get into it.
Speaker 2 (03:42):
And there's two exits.
Speaker 3 (03:43):
There's two times you have to get out.
Speaker 2 (03:45):
One is if you're wrong, so you.
Speaker 3 (03:47):
Don't just write something down even more and let your
losures run it.
Speaker 1 (03:51):
And that's a comment that I see a lot too,
is people say, yeah, I do some investment trade. I
got some bad ones out there. I'm just sitting on
on wait hoping they come back.
Speaker 2 (03:59):
Come back. Rightual, we don't go back, and we talked
about that last week.
Speaker 3 (04:04):
But there's also another time to get out, and that's
when you're right. If you have a profit and you
don't take it, it can be it can disappear. And
that's what happens to I would say most of the
people that have the experienced trading, they come into our centers,
they've done this and they've had some really good returns
and then it just disappears they held on too long.
They didn't get out at the right time. So they
(04:25):
know that there's benefits, I know that you can be successful,
they just don't know how to do it properly for themselves.
So now let's talk about the retirement in a plan.
Do you have a retirement plan and how does your
plan account for major downturns?
Speaker 2 (04:41):
And you know, are you going to.
Speaker 3 (04:42):
Just write a market down if it goes down? How
does your retirement plan account for income? Because the most
important thing when you go into retirement isn't necessarily how
much money you have in a retirement account. It's how
much income you generate off of that retirement account.
Speaker 2 (04:56):
Well, you got to really think about that.
Speaker 1 (04:58):
People you think about, well I got to have income,
Well they're they're equally important. Income and wealth are equally
important because without any income, there's no wealth. That is correct,
Without any wealth, that's your retirements, there's no income at
retirement time. So you've got to build both of those
at the same time, and you got to start now.
Speaker 3 (05:19):
And then one there's one other question you have to ask,
and that is how is your retirement account protected.
Speaker 2 (05:24):
Correct, So those are all parts of a plan.
Speaker 3 (05:27):
A plan should it again, it should be specific to
each person because everybody is different as to how much
income they need. And let's just say you identify an
income amount that you feel comfortable with. That's Wall Street
kind of does that. If they put together a retirement
plan for you, They're going to look at how much
you have in your retirement account, and they're going to
look at average returns, and they're going to say, this
(05:48):
is how you can live over the you know, the
next ten twenty thirty years that you're going to be retired.
You know, maybe you have to cut some expenses a
little bit. Uh you know, maybe you bring it a
roommate or something, or down size from the house that
you have lived in for the last twenty thirty years.
All of those things that are kind of cutting expenses
to make sure that you're you have enough money just
(06:10):
to make it through your twenty thirty forty years of retirement.
Excuse me, but what can happen medically? You know, things
can happen help wise that require a lot of extra money.
Maybe you go through a divorce, because a lot of
times when somebody retires and all of a sudden, a
husband and wife are together. Maybe your two spouses are
(06:32):
together for the first time twenty four hours a day.
Sometimes it doesn't work out. We see that a lot,
maybe the death of someone. So maybe you have to
adjust the amount of income you have once you learn
the income strategies that we teach, and those would be
things like options, futures in the foreign exchange market. Those
are things that you can use and you can kind
(06:52):
of you can change things if you need to. You
can increase the amount of income you try to achieve.
Maybe you don't need as much income. Whatever your situation is,
it needs to be specific to a plan for you,
and that plan is something that can change over time too.
Speaker 1 (07:08):
Yeah, there's a lot of people that need help that
plan and really a boost to get started. If you
want to get started on an investing plan for your retirements.
We have these investing workshops locally here at the Academy.
Just text the word investing to the number two ten
two ten for one of those investing workshops, or go
to Trading Academy dot com and you can pick your
own seat and your own date there. But there's a
(07:30):
lot of people listening right now that have retirement accounts.
They feel like they have some in there, but the
challenge is they feel like they're short. Yes, so let's
just say somebody is short retirement that is listening right now.
And what does Trading Academy do that's a little bit
different to help people at least have a plan to
have an opportunity to have enough later.
Speaker 2 (07:52):
Yeah, and if.
Speaker 3 (07:53):
You're in a situation that you're not happy with and
you're continuing to use what got you into that situation,
that's probably not the right decision to make.
Speaker 1 (08:03):
I would consider that called insanity out.
Speaker 3 (08:05):
But that's what most people do. They have a four
one K plan that Wall Street has told them is
the panacea.
Speaker 2 (08:12):
This is going to get you through retirement.
Speaker 3 (08:14):
And what most people are finding is that, hey, it's
not as good as they said, and I'm not going
to make it through retirement with what I have. So
how do you boost that? How do you catch up?
How do you make sure that you're using something different
than what got you to where you are if that's
not where you want to be.
Speaker 1 (08:31):
And for those of you, what if you don't know
what panacea means? I actually have a google it it
is a solution or remedy for difficulties.
Speaker 2 (08:38):
I'm sorry I used big words around.
Speaker 1 (08:40):
That's what Google is for Google it gives me great information.
Speaker 3 (08:44):
It does, actually, But what if there was a way
to Because a lot of people are told you should
when you go into retirement, you need to have more
fixed income. Maybe you have some dividend paying stocks. And
typically when when a stock pays dividends, it is reached
a point where the real growth has slowed down. You're
not going to get the one hundred and two hundred
(09:04):
and three hundred percent returns that maybe companies like in video.
Speaker 1 (09:08):
Or it's already happened. That's why they're paying.
Speaker 3 (09:10):
That's why they're paying. They have this extra money now
they're not putting back into the company. They pay it out.
But those dividends are are basically not keeping up with inflation.
So what if you could have dividends on a non
dividend paying stock. You can do that by using an
option strategy that yeah, you still have the growth potential,
(09:31):
but you have also that income potential, the dividend like
potential that probably is going to far exceed dividends that
dividend paying stocks provide.
Speaker 1 (09:41):
So That's what Trading Academy does is build strategies that
institutions and banks are actually doing, not what they're putting
you in because it's one of those things. They're doing
something different that they're then they're selling you correct and
if you're able to understand first off, what are they doing,
and then this essentially do what they do with strategies
(10:02):
that are available to the average person. You just haven't
been trained or taught yet. And this is all good information, right,
and that's why we have to build this information into
an actionable strategy. It starts in these free investing and
trading workshops that we do locally right here at the Academy.
These are classes where we've taught thousands, are many strategies
(10:22):
which are designed to teach you to make smart investing
and trading decisions. To come into one of these free
investing and trading workshops, just text the word investing to
the number two ten two ten right now and ask
me for two seats, one for you and a friend,
or go to Trading Academy dot com and you can
pick your own seat there. Now, we've discussed a lot
here today, let's hear today's tip of the week.
Speaker 3 (10:44):
You know, Josh, successful investors had the courage to do
what initially they were afraid to do. Too often, we
see too many people that talk themselves out of exploring
opportunities because they're convinced that if there's little chance they
could succeed. The truth is, you can't succeed unless you try.
We talk ourselves out of opportunities all the time when
(11:05):
we ought to be talking ourselves into them. We make
choices every day that define who we are, what we value,
what we achieve, and what our future is going to
look like.
Speaker 2 (11:14):
You need to have a goal.
Speaker 3 (11:15):
Having goals is important. Without those goals, you don't know
where you're headed. Having a goal is easy, however, but
planning to achieve that is the hard part.
Speaker 1 (11:24):
And a goal without a plan is just to wish.
Have that courage to get started. Text the word investing
right now for two seats for a free investing class
at trading academy dot com, or just text investing to
the number two ten two ten Trading Academy. Invest differently, smarter,
skillfully as always, same time, same place, next week until then,
(11:47):
retire young, My friends,
Welcome back to Investing in Trading Live sponsor by Trading
Academy once again. I am your host, Josh Lillquist locally
at our blooming Trading Academy, bringing the airwaves financial literacy.
In the last segment, we covered the income side of things.
Most people are looking for an income strategy in their life,
not a second or third job, and they want to
(00:26):
be able to utilize leverage properly, which is efficiencies in
the dollars that you have. And we had a lot
of people texting in and going to the website for
those free investing and trading workshops locally here at traded
Academy to gain some insight on these financial markets and
leveraged strategies. If you miss those seats, simply just text
(00:47):
the word investing to the number two ten two ten
right now for two seats for a free investing and
trading workshop. We do these classes during the week and
on the weekend, so anybody can attend or go to
Trading Academy dot com you can pick your own seat
and date there. Also follow and subscribe the podcast wherever
you listen to your podcast that's Investing and Trading Live
(01:08):
on Apple Podcasts. iHeartRadio and Spotify. So on this next
segment here al, we have a lot of people seeking
retirement strategies. It's that time of year again where people
are having fun on the lakes. They have their campfires,
they're on their boats, they're camping and just doing different
barbecues with family, and a lot of the topics that
(01:29):
you see and hear out there is, boy, you know,
when are you going to retire?
Speaker 2 (01:34):
Sir?
Speaker 1 (01:34):
When you're going to retire, ma'am. Normally your family you
don't call sir or ma'am, but when are you going
to retire? And that common theme is well, I wish
it was yesterday. But here's what they that's where they stop.
They don't have an actual plan for retirement. Now, one
of the things that you do here at the Academy
(01:54):
is help individuals that want to plan for retirement, but
they don't want to just rely on a hope strategy. Well,
buy a bunch of stocks or buy a bunch of
Musia funds and hope it works out. I was actually
having a conversation the other day with a nice, nice
gentleman and we were talking about that strategy of hope,
and he was like, you know, it's not getting people
(02:16):
to where they need to be. Yeah, you might get
one hundred grand over a course of a lifetime or
two hundred grand over a course of a lifetime. Because
I believe the average four oh one K balance was
right around two hundred and something thousand. I don't know
if you have that stat on hand.
Speaker 2 (02:30):
Out, but I think that's on the high shine.
Speaker 1 (02:32):
That's on the high side, which is not a lot
of money, because if you think about it, if you
want to retire, you're going to need your salary what
you have now or your yearly earnings, and you're gonna
have to multiply that by helmet. However, many years that
you think you're going to be in retirement, well, inflation
is eating that up for people. So people just don't
have enough for retirement. So Traded Academy build strategies designed
(02:56):
individually for each person, because you need a strategy for you,
not a whole basket of people. What are some of
the things that you help people with here at Trading
Academy on building that retirement strategy.
Speaker 3 (03:11):
Okay, before I get into that, let me just come
into two things. I found the dellbar number I mentioned
the Delbar study the average investor over a thirty year period,
their average annual turn is two and a half percent.
Speaker 2 (03:22):
Oh wow, that's pretty good. That is worse than we
said before.
Speaker 3 (03:26):
Then you also mentioned something about when to get out
of a trade. The most important thing. Once you have
identified the right time to get in, you have to
know when to get out. In fact, you need to
know when to get out of a position before you
even get into it.
Speaker 2 (03:42):
And there's two exits.
Speaker 3 (03:43):
There's two times you have to get out.
Speaker 2 (03:45):
One is if you're wrong, so you.
Speaker 3 (03:47):
Don't just write something down even more and let your
losures run it.
Speaker 1 (03:51):
And that's a comment that I see a lot too,
is people say, yeah, I do some investment trade. I
got some bad ones out there. I'm just sitting on
on wait hoping they come back.
Speaker 2 (03:59):
Come back. Rightual, we don't go back, and we talked
about that last week.
Speaker 3 (04:04):
But there's also another time to get out, and that's
when you're right. If you have a profit and you
don't take it, it can be it can disappear. And
that's what happens to I would say most of the
people that have the experienced trading, they come into our centers,
they've done this and they've had some really good returns
and then it just disappears they held on too long.
They didn't get out at the right time. So they
(04:25):
know that there's benefits, I know that you can be successful,
they just don't know how to do it properly for themselves.
So now let's talk about the retirement in a plan.
Do you have a retirement plan and how does your
plan account for major downturns?
Speaker 2 (04:41):
And you know, are you going to.
Speaker 3 (04:42):
Just write a market down if it goes down? How
does your retirement plan account for income? Because the most
important thing when you go into retirement isn't necessarily how
much money you have in a retirement account. It's how
much income you generate off of that retirement account.
Speaker 2 (04:56):
Well, you got to really think about that.
Speaker 1 (04:58):
People you think about, well I got to have income,
Well they're they're equally important. Income and wealth are equally
important because without any income, there's no wealth. That is correct,
Without any wealth, that's your retirements, there's no income at
retirement time. So you've got to build both of those
at the same time, and you got to start now.
Speaker 3 (05:19):
And then one there's one other question you have to ask,
and that is how is your retirement account protected.
Speaker 2 (05:24):
Correct, So those are all parts of a plan.
Speaker 3 (05:27):
A plan should it again, it should be specific to
each person because everybody is different as to how much
income they need. And let's just say you identify an
income amount that you feel comfortable with. That's Wall Street
kind of does that. If they put together a retirement
plan for you, They're going to look at how much
you have in your retirement account, and they're going to
look at average returns, and they're going to say, this
(05:48):
is how you can live over the you know, the
next ten twenty thirty years that you're going to be retired.
You know, maybe you have to cut some expenses a
little bit. Uh you know, maybe you bring it a
roommate or something, or down size from the house that
you have lived in for the last twenty thirty years.
All of those things that are kind of cutting expenses
to make sure that you're you have enough money just
(06:10):
to make it through your twenty thirty forty years of retirement.
Excuse me, but what can happen medically? You know, things
can happen help wise that require a lot of extra money.
Maybe you go through a divorce, because a lot of
times when somebody retires and all of a sudden, a
husband and wife are together. Maybe your two spouses are
(06:32):
together for the first time twenty four hours a day.
Sometimes it doesn't work out. We see that a lot,
maybe the death of someone. So maybe you have to
adjust the amount of income you have once you learn
the income strategies that we teach, and those would be
things like options, futures in the foreign exchange market. Those
are things that you can use and you can kind
(06:52):
of you can change things if you need to. You
can increase the amount of income you try to achieve.
Maybe you don't need as much income. Whatever your situation is,
it needs to be specific to a plan for you,
and that plan is something that can change over time too.
Speaker 1 (07:08):
Yeah, there's a lot of people that need help that
plan and really a boost to get started. If you
want to get started on an investing plan for your retirements.
We have these investing workshops locally here at the Academy.
Just text the word investing to the number two ten
two ten for one of those investing workshops, or go
to Trading Academy dot com and you can pick your
own seat and your own date there. But there's a
(07:30):
lot of people listening right now that have retirement accounts.
They feel like they have some in there, but the
challenge is they feel like they're short. Yes, so let's
just say somebody is short retirement that is listening right now.
And what does Trading Academy do that's a little bit
different to help people at least have a plan to
have an opportunity to have enough later.
Speaker 2 (07:52):
Yeah, and if.
Speaker 3 (07:53):
You're in a situation that you're not happy with and
you're continuing to use what got you into that situation,
that's probably not the right decision to make.
Speaker 1 (08:03):
I would consider that called insanity out.
Speaker 3 (08:05):
But that's what most people do. They have a four
one K plan that Wall Street has told them is
the panacea.
Speaker 2 (08:12):
This is going to get you through retirement.
Speaker 3 (08:14):
And what most people are finding is that, hey, it's
not as good as they said, and I'm not going
to make it through retirement with what I have. So
how do you boost that? How do you catch up?
How do you make sure that you're using something different
than what got you to where you are if that's
not where you want to be.
Speaker 1 (08:31):
And for those of you, what if you don't know
what panacea means? I actually have a google it it
is a solution or remedy for difficulties.
Speaker 2 (08:38):
I'm sorry I used big words around.
Speaker 1 (08:40):
That's what Google is for Google it gives me great information.
Speaker 3 (08:44):
It does, actually, But what if there was a way
to Because a lot of people are told you should
when you go into retirement, you need to have more
fixed income. Maybe you have some dividend paying stocks. And
typically when when a stock pays dividends, it is reached
a point where the real growth has slowed down. You're
not going to get the one hundred and two hundred
(09:04):
and three hundred percent returns that maybe companies like in video.
Speaker 1 (09:08):
Or it's already happened. That's why they're paying.
Speaker 3 (09:10):
That's why they're paying. They have this extra money now
they're not putting back into the company. They pay it out.
But those dividends are are basically not keeping up with inflation.
So what if you could have dividends on a non
dividend paying stock. You can do that by using an
option strategy that yeah, you still have the growth potential,
(09:31):
but you have also that income potential, the dividend like
potential that probably is going to far exceed dividends that
dividend paying stocks provide.
Speaker 1 (09:41):
So That's what Trading Academy does is build strategies that
institutions and banks are actually doing, not what they're putting
you in because it's one of those things. They're doing
something different that they're then they're selling you correct and
if you're able to understand first off, what are they doing,
and then this essentially do what they do with strategies
(10:02):
that are available to the average person. You just haven't
been trained or taught yet. And this is all good information, right,
and that's why we have to build this information into
an actionable strategy. It starts in these free investing and
trading workshops that we do locally right here at the Academy.
These are classes where we've taught thousands, are many strategies
(10:22):
which are designed to teach you to make smart investing
and trading decisions. To come into one of these free
investing and trading workshops, just text the word investing to
the number two ten two ten right now and ask
me for two seats, one for you and a friend,
or go to Trading Academy dot com and you can
pick your own seat there. Now, we've discussed a lot
here today, let's hear today's tip of the week.
Speaker 3 (10:44):
You know, Josh, successful investors had the courage to do
what initially they were afraid to do. Too often, we
see too many people that talk themselves out of exploring
opportunities because they're convinced that if there's little chance they
could succeed. The truth is, you can't succeed unless you try.
We talk ourselves out of opportunities all the time when
(11:05):
we ought to be talking ourselves into them. We make
choices every day that define who we are, what we value,
what we achieve, and what our future is going to
look like.
Speaker 2 (11:14):
You need to have a goal.
Speaker 3 (11:15):
Having goals is important. Without those goals, you don't know
where you're headed. Having a goal is easy, however, but
planning to achieve that is the hard part.
Speaker 1 (11:24):
And a goal without a plan is just to wish.
Have that courage to get started. Text the word investing
right now for two seats for a free investing class
at trading academy dot com, or just text investing to
the number two ten two ten Trading Academy. Invest differently, smarter,
skillfully as always, same time, same place, next week until then,
(11:47):
retire young, My friends,
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