Latest / WCHS Network Podcasts / 11/17/2025 Retire Right Radio with John Burdette

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11/17/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

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Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
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Speaker 2: The views and opinions expressed on this program do not
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Speaker 2: necessarily reflect the views and opinions of five ADWCHS, its employees,
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Speaker 2: or WVRC Media. This is retire Right Radio, a weekly
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Speaker 2: show from John Verdett at Fourth Avenue Financial that aims
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Speaker 2: to answer your questions about financial planning, investing, and how
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Speaker 2: to retire right. Fourth Avenue Financial is located in downtown
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Speaker 2: Charleston at one seventy Court Street. More information online at
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Speaker 2: Fourth Avenue Financial dot com. Join the conversation by calling
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Speaker 2: three oh four three four five fifty eight fifty eight
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Speaker 2: or text three oh four nine three five fifty oh eight.
0:54
Speaker 2: On Retire Right Radio, let's go live to the studio
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Speaker 2: with host Dale Cooper and John Verdett from with Have
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Speaker 2: Any Financial.
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Speaker 3: Features twenty three minutes fast eight o'clock.
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Speaker 4: You are listening to retire Rite Radio one five eightywc
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Speaker 4: HS the Voice for Charles and I am Del Cooper
1:08
Speaker 4: and in studio with me this morning. John for Dad
1:10
Speaker 4: is here from fourth Avenue Financial. John, good morning, how
1:12
Speaker 4: you doing this morning. I'm good, wonderful, a man looking
1:14
Speaker 4: forward to discussion this morning. Lots of stuff to talk about.
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Speaker 4: If you have any questions about how you can retire right,
1:20
Speaker 4: how you can get ready for your financial future, John,
1:23
Speaker 4: as a financial planner, can help you out. You can
1:25
Speaker 4: give us a call at three zero four three four
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Speaker 4: five fifty eight fifty eight. Three zero four, three four
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Speaker 4: five fifty eight fifty eight. You can get an advisor
1:32
Speaker 4: for your financial situation, how you can plan into your retirement.
1:36
Speaker 4: You can give us a call this morning and get
1:38
Speaker 4: on the right page. Or if you have any questions
1:40
Speaker 4: about where you are looking to make a change. We're
1:42
Speaker 4: gonna talk a little bit about holiday spending this morning.
1:44
Speaker 4: That's a big one. And man, that's something that that
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Speaker 4: I learned from the hard way several different times in
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Speaker 4: my life. So these are these are interesting discussions as
1:52
Speaker 4: far as I'm concerned. But if you have anything to
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Speaker 4: add to that, you can call us this morning three
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Speaker 4: zero four, three four five fifty eight fifty eight, three
1:57
Speaker 4: four five fifty eight fifty eight. If you a situation
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Speaker 4: where you can't call and you'd like to send us
2:01
Speaker 4: a text, you can do that as well. Three zero
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Speaker 4: four non three five five zero zero eight three zero
2:05
Speaker 4: four none three five five zero zero eight. So we
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Speaker 4: come through. We're now in uh man a we all
2:11
Speaker 4: already the halfway through November. Yeah, it's crazy, you know,
2:16
Speaker 4: Thanksgivings right around the corner. Unbelievable that that we're getting
2:19
Speaker 4: that far into the year. But yeah, man, that's it's
2:22
Speaker 4: all good stuff. You know, the next year is on
2:24
Speaker 4: the horizon. There's things going on. I guess, as we
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Speaker 4: always do, we can take a look back and see
2:28
Speaker 4: how things are going financially. I know the earnings have
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Speaker 4: come back strong for the most part. Across the area.
2:34
Speaker 4: We've had some there were some interesting moments in the
2:36
Speaker 4: in the market last week.
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Speaker 5: Yeah, it was mixed last week. The Dow was actually up,
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Speaker 5: the S and P five hundred was actually slightly up,
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Speaker 5: but the NASTAK was down. So if you look, it
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Speaker 5: is more of a sector rotation, which I think is healthy.
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Speaker 5: Although we were talking about sector rotation earlier in the
2:58
Speaker 5: year and that it was time for that to happen.
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Speaker 5: Ended up heard that that it was happening, and then
3:02
Speaker 5: the tech stocks took off again. So that's what we're
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Speaker 5: seeing now. We're seeing that rotation, not necessarily you know,
3:09
Speaker 5: bailing out on the tech stocks, but but money is
3:13
Speaker 5: shifting into the rest of the market, or at least
3:16
Speaker 5: it did the last couple of weeks.
3:18
Speaker 4: What I find interesting a little bit to this and
3:19
Speaker 4: as a completely lay person, it seems like and I
3:22
Speaker 4: always think about, you know, steering large cargo ships or
3:26
Speaker 4: something along those lines, and how long it actually takes
3:28
Speaker 4: the move things. You know, we've been talking on this
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Speaker 4: show for at least a few weeks now that there's
3:32
Speaker 4: people out there that are sort of like AIS skeptics
3:35
Speaker 4: and different things like that, is there a bubble? I
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Speaker 4: don't know about there being a bubble, And you've explained
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Speaker 4: your reasoning behind what we typically consider bubbles, like with
3:42
Speaker 4: two thousand and eight or dot com or something like
3:44
Speaker 4: that doesn't really apply to AI, but because there is
3:48
Speaker 4: general you know, there was general skepticism among some people.
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Speaker 3: We see that now.
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Speaker 4: I mean, it doesn't happen overnight, but we now to
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Speaker 4: see it in the market where people It's not like
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Speaker 4: they don't believe in the product or anything. It's people like, okay, well,
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Speaker 4: like you said, sector rotation, this isn't necessarily going to
4:00
Speaker 4: lead the day right now.
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Speaker 5: Right well, And I think valuations when the tech stocks
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Speaker 5: are extended, where people are asked starting to ask questions. Yeah,
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Speaker 5: you know, are the investments that these companies are making
4:10
Speaker 5: into these big data centers. You know what, what does
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Speaker 5: the profitability look like down the road? You know, the
4:16
Speaker 5: market's willing to give these companies runway to invest and
4:19
Speaker 5: to try to grow and build and create new products.
4:23
Speaker 5: But at the end of the day, the shareholder wants
4:25
Speaker 5: to see profit and that that's really where we are.
4:30
Speaker 5: And that's healthy one.
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Speaker 4: It's one of that's kind of what I was coming
4:32
Speaker 4: around to. That's actually the healthy skepticism we were looking for.
4:35
Speaker 4: That people were, well, why is everybody just running gigbuster?
4:37
Speaker 4: They weren't. You just have to wait for times to
4:39
Speaker 4: catch up with you know, the when you when you
4:41
Speaker 4: start talking about the most reactive people out there with
4:44
Speaker 4: these types of things, things aren't going to move at
4:46
Speaker 4: that pace. But eventually, if there's reason for it. And
4:49
Speaker 4: I've been reading and you're right, I've been reading tons
4:52
Speaker 4: of stuff recently, and almost all this skepticism is coming from,
4:55
Speaker 4: look are we building these data centers? And I mean
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Speaker 4: this is this is relevant to West Virginia. What is
5:00
Speaker 4: you know, you have X and then you have equals profit.
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Speaker 4: What is the the the the calculus in the middle
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Speaker 4: that actually is going to work for that because it
5:08
Speaker 4: kind of looks like a very tough road when it
5:12
Speaker 4: comes to the amount of energy you want to be
5:13
Speaker 4: expending and stuff like that.
5:14
Speaker 5: Oh yeah, yeah, definitely need energy to make these things
5:17
Speaker 5: run it, but it is interesting to see it all
5:20
Speaker 5: play out. I ordered a pizza last week from a
5:26
Speaker 5: not a large chain and it was an AI phone phone,
5:31
Speaker 5: right yeah, oh, just a just a single a single
5:36
Speaker 5: pizza shop with a an AI order taker, and it
5:41
Speaker 5: was pretty good. It sounded like a person. I mean,
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Speaker 5: I could tell it was sure was AI, but you know,
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Speaker 5: basically took the order down and I went to get
5:49
Speaker 5: my pizza.
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Speaker 4: I guess as long as it's and I'm trying to think,
5:53
Speaker 4: especially with pizza something like that, generally you have size,
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Speaker 4: you have toppings, and if if it's just doing voice
5:59
Speaker 4: recognition and printing that out on basically an order order
6:01
Speaker 4: slip that the person preparing the pizza seeing. I mean,
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Speaker 4: I guess that's okay. You're seeing verbatim what the person
6:08
Speaker 4: wrote in and you're you're you're taking it in fact
6:10
Speaker 4: that it might be better written down than it would be
6:12
Speaker 4: if it was the person taking it. So I could
6:15
Speaker 4: see how that could potentially be beneficial.
6:17
Speaker 5: And so you see, as we've talked about on previous shows,
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Speaker 5: AI will ultimately benefit the companies that use it the best.
6:25
Speaker 5: I'm sure that created some sort of an efficiency in
6:29
Speaker 5: that small business. Now people can focus on making pizzas
6:33
Speaker 5: and serving the people that are that are there rather
6:36
Speaker 5: than you know, basically just taking an order.
6:38
Speaker 4: Am I let allow you to get one or two
6:40
Speaker 4: more piles out the door on delivery, or make a
6:41
Speaker 4: couple more a little bit more efficiency or something like that.
6:43
Speaker 4: You don't look at it as like, well, that's one
6:45
Speaker 4: less job answering the phone. I mean, maybe that person
6:47
Speaker 4: that was answering the phone now is making more pizzas
6:50
Speaker 4: or cleaning and cleaning up in the restaurant or something
6:52
Speaker 4: like that.
6:53
Speaker 3: That's a little bit more efficient on things like that.
6:54
Speaker 5: Well, and that's how technology is supposed to work. It's
6:57
Speaker 5: supposed to multiply our labor. So you know, when we
7:02
Speaker 5: look at I actually saw an article about a guy
7:06
Speaker 5: he wanted to see what it would take to make
7:09
Speaker 5: a chicken sandwich, how much it would cost to make
7:12
Speaker 5: a chicken sauce.
7:13
Speaker 3: I love stuff like this.
7:13
Speaker 5: Yeah, directly from scratch, and I mean scratch. He grew
7:18
Speaker 5: his own wheat. You know, he made his own bread,
7:21
Speaker 5: he raised his chicken. He did all of this from scratch,
7:24
Speaker 5: and it took him six months and fifteen hundred dollars.
7:29
Speaker 3: That chicken sandwich is a pretty good deal when you
7:30
Speaker 3: think about it.
7:31
Speaker 5: Yeah, yeah, And so you know that tells you right
7:36
Speaker 5: there how powerful our economic system is A great point.
7:40
Speaker 3: It's a great point.
7:40
Speaker 4: And that reminds me. I think I shared a story
7:42
Speaker 4: one air. Maybe it was last year, but I've read
7:44
Speaker 4: this fascinating story about a guy who who endeavored to
7:49
Speaker 4: make in an American made barbecue scraper, just basically the
7:53
Speaker 4: thing for your grill that you use to clean your
7:55
Speaker 4: grill off, with the brush on one end and the
7:57
Speaker 4: scraper on the other end. And he wanted to make
7:59
Speaker 4: like an all stainless, all American Maide et cetera et cetera,
8:01
Speaker 4: et cetera.
8:02
Speaker 3: It was impossible.
8:03
Speaker 4: He had to go into other factories and like convince
8:07
Speaker 4: factories to make a little do hicky forums so we
8:08
Speaker 4: didn't have to import it from another place. And like
8:10
Speaker 4: I mean, and then ultimately they end up sending this
8:12
Speaker 4: thing and it's all America made. It's a quality product,
8:14
Speaker 4: but it's like eighty bucks, right you know. I mean
8:16
Speaker 4: you can get one for like fifteen bucks at low'st Now. True,
8:20
Speaker 4: it's gonna be a good quality American maide and some
8:21
Speaker 4: and people are buying it. I mean, the God does
8:23
Speaker 4: sell these things. But the difference to scale between eighty
8:26
Speaker 4: bucks and fifteen bucks and frankly, you're just scraping a grill, right, yeah,
8:30
Speaker 4: you know, I mean you could replace that thing five
8:32
Speaker 4: times and never get to eighty bucks. And you're probably
8:34
Speaker 4: never going to do that in your life, you know.
8:36
Speaker 4: So I mean that it's just it's interesting to scale.
8:39
Speaker 4: The way that works.
8:40
Speaker 5: Yeah, yeah, that you know that the economy, the way
8:43
Speaker 5: it delivers that efficiency is you know, that's a that
8:47
Speaker 5: is why we enjoy the lifestyle we do. Otherwise we'd
8:49
Speaker 5: be raising our own chickens and and we wouldn't be
8:53
Speaker 5: able to direct our labor to other things, and so
8:56
Speaker 5: this is just a AI is just a progress of that
9:01
Speaker 5: process working.
9:03
Speaker 4: It's such a sticky topic. It happens on Hotline two
9:05
Speaker 4: where we get into this. But the one thing that
9:07
Speaker 4: briefly about the AI thing that that people need to understand,
9:12
Speaker 4: like with what you were talking about with the pizza restaurant,
9:14
Speaker 4: that is narrow AI. You know, that is not this
9:17
Speaker 4: general like all encompassing intelligence that people are think are
9:21
Speaker 4: on the horizon and they associate all AI is the
9:23
Speaker 4: same narrow AIS have been around forever. I mean, your
9:26
Speaker 4: basic telephony system is a narrow AI. It's not as
9:30
Speaker 4: complex as what you're just talking about, but it's basically
9:32
Speaker 4: the same type system. So we're still not talking about
9:34
Speaker 4: this general intelligence is going to take over the world.
9:37
Speaker 4: It's a very narrow thing that does a very narrow
9:39
Speaker 4: thing well.
9:40
Speaker 5: Right right, and you know, who knows what's down the horizon.
9:43
Speaker 5: But but you know, you are seeing it creep into
9:46
Speaker 5: our everyday lives. And my guess is if that means
9:51
Speaker 5: efficiency for those businesses, we're going to see more and
9:53
Speaker 5: more of that.
9:54
Speaker 3: It's crazy times. It's something really different.
9:56
Speaker 4: But that being said, it doesn't change the calculus around
9:59
Speaker 4: Christmas time when it comes through the holidays and and
10:01
Speaker 4: what we do as a society for Christmas. This is
10:04
Speaker 4: something that with a relatively young child that I have,
10:06
Speaker 4: my daughter is seven, and understanding the balance between Christmas,
10:09
Speaker 4: you know, between family and reason for the season and
10:13
Speaker 4: things along those lines. But you're just consumed by consumerism.
10:17
Speaker 4: I mean, it's just like the holiday has become into
10:20
Speaker 4: bye bye bye bye bye.
10:22
Speaker 3: People get it, get in.
10:23
Speaker 4: I think the thoughtless gift giving where they just have to,
10:25
Speaker 4: like you check a box, I get the thing for here,
10:28
Speaker 4: the thing for here, the thing for here. You're not
10:29
Speaker 4: really putting any thought into it.
10:31
Speaker 3: It.
10:32
Speaker 4: People have problems during the holiday budgeting. I think that
10:35
Speaker 4: that's just something that that continues.
10:36
Speaker 5: Yeah, there's a lot of a lot of pressure on
10:39
Speaker 5: people to deliver the goods I guess, like literally yeah yeah,
10:43
Speaker 5: and and that can be very bad for your finances
10:46
Speaker 5: if you don't handle it properly. And we're getting into
10:49
Speaker 5: the time of year where you know, we can see
10:51
Speaker 5: that at a Vintage and Vince my Wife shop. You know,
10:53
Speaker 5: it's starting to pick up. People are looking for gifts.
10:55
Speaker 5: You hear people talking about, oh, this would be great
10:59
Speaker 5: for so and so. So we're in the thick of
11:01
Speaker 5: the season. Now it gets earlier all the time.
11:04
Speaker 4: When I first moved out on my own and I
11:05
Speaker 4: moved to Michigan and would come back to West Virginia
11:09
Speaker 4: a lot, I thought that one of the rights of
11:12
Speaker 4: passages of becoming you know, adult, out of my own.
11:14
Speaker 4: You know, I'm like twenty in my early twenties, you know,
11:16
Speaker 4: like living out on my own, have my own place,
11:18
Speaker 4: you know, all these different things. I thought one of
11:20
Speaker 4: the rights of passages was basically going broke at Christmas time,
11:24
Speaker 4: and that's what I did.
11:25
Speaker 3: You know.
11:25
Speaker 4: It was like, well, I'm living out on my own now,
11:27
Speaker 4: I need to make sure that everybody knows how well
11:28
Speaker 4: I'm doing and get everybody the gifts, all the gifts
11:31
Speaker 4: that I could get them. And I literally just used
11:33
Speaker 4: a credit card and like my first Christmas bike, I
11:36
Speaker 4: just bought everybody's gift on a credit card, Like I
11:38
Speaker 4: got to show that I'm a big boy and that
11:39
Speaker 4: I can.
11:40
Speaker 3: Do these things.
11:41
Speaker 4: Stupid, I mean, this is I mean, I've paid this
11:42
Speaker 4: stuff off by now and went through the the debt
11:47
Speaker 4: snowball to get rid of some of this stuff, but
11:48
Speaker 4: that stuck with me literally for fifteen years. I mean
11:51
Speaker 4: that I never paid that debt off until I did
11:53
Speaker 4: this debt snowball and paid off all my debts that
11:55
Speaker 4: I was I was paying interest on that first Christmas
11:57
Speaker 4: that I was in my own house for literally fifteen years.
12:00
Speaker 4: I mean, it's it's a terrible cycle that we get
12:03
Speaker 4: stuck in with this.
12:05
Speaker 5: Well, you know, the bank thanks you for.
12:07
Speaker 3: The yeah, right, Yeah, you're very welcome.
12:09
Speaker 4: You're very welcome, and everybody else you're very welcome for
12:11
Speaker 4: you exactly. But there are some simple tips that you
12:14
Speaker 4: can do, and that's what you kind of walk through
12:16
Speaker 4: first and foremost, and this is with anything. You got
12:18
Speaker 4: to find a way to budget.
12:19
Speaker 3: Yeah.
12:19
Speaker 5: Budgeting is the you know, bedrock of any solid financial foundation,
12:25
Speaker 5: and it's certainly important at Christmas time when when it's
12:28
Speaker 5: so easy to and everything is prague on you when
12:33
Speaker 5: you walk into the store. You know, these big deals
12:36
Speaker 5: and specials and you can only get it today.
12:40
Speaker 3: You know.
12:41
Speaker 5: If you don't go in there with with a defined budget,
12:45
Speaker 5: not just the thought that hey, I'm going to spend
12:48
Speaker 5: less this year, but actually have a budget, you're subject
12:53
Speaker 5: and you will probably stray and get yourself in an
12:57
Speaker 5: overspending mode.
12:58
Speaker 4: There was a massive data review study that was done
13:02
Speaker 4: from It was an algameravation of tons of different studies
13:05
Speaker 4: that was put together on people's shopping habits and stuff.
13:07
Speaker 4: And it's estimated that the supercenter shopping leads to forty
13:11
Speaker 4: to sixty percent waste with food and items that are
13:14
Speaker 4: virtually never used.
13:16
Speaker 3: That's pretty crazy.
13:17
Speaker 5: Well, you know, my wife won't let me go to
13:19
Speaker 5: Sam's Club myself.
13:23
Speaker 3: Sam's Club. I'm okay with Sam's. I'll go.
13:24
Speaker 4: I'll get like six things because I have a relatively
13:27
Speaker 4: small house, so I can't get tons of things like
13:29
Speaker 4: I just don't have room to storm.
13:30
Speaker 3: But man, when you go there and get the right thing,
13:32
Speaker 3: it could.
13:32
Speaker 5: Be you know Costco in Florida, My goodness, Yeah, that
13:37
Speaker 5: will do it. There's so many things like, well, I
13:39
Speaker 5: didn't know I needed that. It's so nice, it's a
13:42
Speaker 5: decent deal, and it's just so easy to fall into
13:45
Speaker 5: that trap.
13:47
Speaker 4: But that's having a clear idea and setting a dollar
13:52
Speaker 4: amount and figuring out how you can do that. And
13:54
Speaker 4: I mean, you might have to re envision what you
13:56
Speaker 4: think Christmas is. If you came from a family where
13:58
Speaker 4: you've got multiple gifts for every is and maybe in
14:01
Speaker 4: your personal life is you have to be somebody that
14:03
Speaker 4: gets a gift or you participate in some other way
14:06
Speaker 4: to do this, but you have to put some guardrails
14:08
Speaker 4: on what you're doing. Everybody wants to make everybody happy,
14:10
Speaker 4: but I mean, if they love you, they're gonna be
14:13
Speaker 4: happy with your present, with your presence and not necessarily
14:18
Speaker 4: your presents, what you're what you're paying for them.
14:20
Speaker 5: Right and and you know, and sometimes families can agree
14:24
Speaker 5: to certain things where you know, maybe you don't buy
14:31
Speaker 5: everyone a gift, maybe you do a gift exchange, you know,
14:34
Speaker 5: things like that to to not just save you money
14:37
Speaker 5: but but everybody, uh, so that you can stay on
14:41
Speaker 5: budget and and be financially secure. But you know it's
14:46
Speaker 5: hard to do. And you know, one way you can
14:48
Speaker 5: combat that is to save up and have a separate
14:51
Speaker 5: account for your gifting, you know, Christmas Club or you know,
14:57
Speaker 5: some sort of an account that you've put money away in.
15:00
Speaker 5: You know, ideally with any spending, you don't want to
15:03
Speaker 5: borrow money to spend on those type of things, so
15:07
Speaker 5: you need to save it in advance. If that's that's
15:10
Speaker 5: really what you should be doing, not figuring out how
15:12
Speaker 5: to pay it off later, and having some sort of
15:15
Speaker 5: a goal for the end of the year to fund
15:18
Speaker 5: maybe put in, you know, twenty fifty dollars a month
15:21
Speaker 5: into a savings account meant for Christmas. You know, when
15:25
Speaker 5: that comes, you've got cash there. Now you can buy
15:27
Speaker 5: your gifts, not blow your budget, and track everything deliberately.
15:33
Speaker 4: I've seen people that push back on being a little
15:35
Speaker 4: shy about having multiple financial accounts, like I don't want
15:39
Speaker 4: multiple bank accounts or whatever it might be, and this
15:41
Speaker 4: day and age, I mean, it really is just creating
15:44
Speaker 4: partitions on your finances more or less. You could even
15:47
Speaker 4: go to the same bank if you wanted to and
15:49
Speaker 4: get different accounts, not necessarily relate them. I mean, they
15:51
Speaker 4: can help you customize that if you want. But it's
15:54
Speaker 4: not like it used to be, like we're opening up
15:57
Speaker 4: a checking or savings account or something was a pro
16:00
Speaker 4: you know. I mean, it's relatively easy now, and if
16:02
Speaker 4: it helps you segment out, I think studies show that
16:04
Speaker 4: that definitely helps with savings. If you're able to put
16:06
Speaker 4: that money away and not see it and not just
16:08
Speaker 4: keep a total in your head. It's like, well, I'm
16:09
Speaker 4: not going to spend that fifty dollars. I'm not going
16:11
Speaker 4: to you know, nobody can do that.
16:12
Speaker 5: Yeah, if you keep that in your daily account, there's
16:16
Speaker 5: a good chance Christmas we'll roll around and you won't
16:18
Speaker 5: have the money there. It's astonishing, and we all do it.
16:23
Speaker 5: We've all paid something off that we were consistently paying
16:27
Speaker 5: a few hundred dollars a month on, for instance. It
16:29
Speaker 5: gets paid off and you don't have the few hundred
16:32
Speaker 5: dollars a month. You don't know where it goes the
16:33
Speaker 5: following months after it's paid off. Yeah, it just leaks away,
16:37
Speaker 5: you don't.
16:38
Speaker 3: You know.
16:39
Speaker 5: That's why it's so important if you're going to do
16:41
Speaker 5: the savings for Christmas, to do it in advance and
16:44
Speaker 5: do it in a separate account.
16:45
Speaker 4: And yeah, it could be kind of tricky when you're
16:47
Speaker 4: putting it together as well, because if you're if you like,
16:52
Speaker 4: if somebody's hearing this conversation this morning and they're already
16:54
Speaker 4: budgeting and they're like, well, I want to do a
16:55
Speaker 4: holiday budget. I'm want to start putting fifty dollars away
16:57
Speaker 4: every month to from a holiday budget. That's great, but
17:00
Speaker 4: understand what you should be doing is reallocating those funds
17:03
Speaker 4: from somewhere else where you're putting money, so don't take
17:06
Speaker 4: it from your overall savings or whatever else you're doing.
17:08
Speaker 4: You still got to stay within your budget. Just because
17:10
Speaker 4: you put aside fifty more dollars, that means you need
17:12
Speaker 4: to find that fifty dollars. Don't take it off of
17:14
Speaker 4: what you're already doing. So got to be careful when
17:17
Speaker 4: you're doing that.
17:17
Speaker 5: Yeah, you do, and we've got a little bit of
17:20
Speaker 5: discipline goes a long way. And you feel better about
17:22
Speaker 5: the holiday too if you're not financially burdened.
17:24
Speaker 3: Boy, isn't that the true?
17:25
Speaker 6: Now?
17:25
Speaker 4: Now, I've been on both ends of that, and that
17:27
Speaker 4: is absolutely true. When you're able to like not stress
17:30
Speaker 4: about the bills after the holiday or where this was
17:32
Speaker 4: or whatever, it makes all the difference in the world,
17:34
Speaker 4: it really, And that's generally the space that I live
17:36
Speaker 4: in and like to live in. There's a lot of
17:39
Speaker 4: tips here that you can read about. You can go
17:41
Speaker 4: to fourth Avenue Financial dot com.
17:43
Speaker 3: Did you post this on Facebook too?
17:46
Speaker 4: I believe it is okay. You can go to Fourth
17:47
Speaker 4: Avenue Financial. You can also find it on Facebook. You
17:50
Speaker 4: do the search for fourth Avenue Financial or Fourth Avenue
17:52
Speaker 4: Financial dot com. Don't blow your budget this holiday season
17:54
Speaker 4: is the name of the article that John wrote, and
17:57
Speaker 4: we're just just talking about some different from different tips
18:00
Speaker 4: to help you stay within budget during the holiday because
18:02
Speaker 4: that's a huge issue. You know, you don't want to
18:04
Speaker 4: get into debt, especially you know, groceries are are terrible
18:08
Speaker 4: to get into. Debts over gifts are terrible to get in.
18:10
Speaker 4: I mean, there's some things that maybe you have no
18:12
Speaker 4: choice a medical bill or something that you just have
18:14
Speaker 4: no other choice for. But man, you don't want to
18:16
Speaker 4: get into gifts, foods and things like that that you're
18:18
Speaker 4: putting on your credit card unless you absolutely have to.
18:22
Speaker 4: You also want to be and this is something that
18:24
Speaker 4: I struggle with, to be completely to be completely honest,
18:28
Speaker 4: you're shopping for other people and then suddenly you see
18:30
Speaker 4: that thing that you really want and it's like fifty
18:33
Speaker 4: percent off or something like. You're like, well, mom really
18:36
Speaker 4: needs this thing over here, but ah, I really need
18:38
Speaker 4: this thing right here as well, so you go ahead
18:40
Speaker 4: and buy both of them or whatever it might be.
18:42
Speaker 4: You really have to be careful with that stuff as well, because,
18:45
Speaker 4: for one thing, that forty percent off probably isn't really
18:48
Speaker 4: forty percent off, right, And like.
18:51
Speaker 5: You, this is the trap. I fall in myself so
18:53
Speaker 5: bad at this. You know. We were at like say,
18:58
Speaker 5: like a couple of weeks ago in Florida. I went
19:00
Speaker 5: to Costco and it's like, oh, look at this, Look
19:03
Speaker 5: at this drone they have on sale, you know, things
19:05
Speaker 5: like that, like I don't need that drone.
19:09
Speaker 4: It's funny you say that because I was just it
19:11
Speaker 4: was actually Sam's this weekend, and I was like a
19:13
Speaker 4: kid at a keet in a candy store with all
19:15
Speaker 4: the stuff that they had out for Christmas and like, nope, nope, no,
19:17
Speaker 4: don't need that either.
19:19
Speaker 5: Your Rctually, my son was with me and I was like,
19:22
Speaker 5: you don't to get this. We should pick this drone up,
19:25
Speaker 5: you know here at the beach. We could have fun
19:27
Speaker 5: flying it around.
19:28
Speaker 3: Yeah.
19:28
Speaker 5: He actually is the one that talked me out of
19:30
Speaker 5: buying it. I was he said no, don't get that one.
19:33
Speaker 3: You know.
19:34
Speaker 5: I was like, I was kind of disappointed.
19:38
Speaker 3: You then you talk into it, right.
19:40
Speaker 4: It's if you have any questions about how maybe you
19:42
Speaker 4: can help your holiday spending, help bin it in, or
19:44
Speaker 4: if you just have any questions at all about how
19:45
Speaker 4: to manage your financial future, getting into retirement, some financial planning,
19:49
Speaker 4: some advice that you might need, or just to springboard
19:52
Speaker 4: some things off of you can give johnn call this
19:54
Speaker 4: morning three zero four three four five fifty fifty eight.
19:56
Speaker 4: Three zero four three four five fifty to fifty eight.
19:58
Speaker 4: We're going to talk about cash of course a little
19:59
Speaker 4: bit when we come back after the break head and
20:02
Speaker 4: costs that you're going to be paying, and now just
20:03
Speaker 4: what the bottom line is for how you need to
20:06
Speaker 4: manage your holiday expenses to not get out of out
20:08
Speaker 4: over your skis a little bit. We're going to take
20:10
Speaker 4: a break right now. We'll queue up your calls and
20:11
Speaker 4: questions when you come back. If you want to give
20:13
Speaker 4: us a call three zero a fourth three four five
20:14
Speaker 4: fifteen fifty eight, you can text over your questions to
20:16
Speaker 4: three zero a four non three five five zero zero eight.
20:18
Speaker 4: You can also find out more information about Fourth Avenue
20:20
Speaker 4: Financial online. It's fourth Avenue Financial dot com. You spell
20:23
Speaker 4: out the whole thing Fourth Avenue Financial dot com. You
20:25
Speaker 4: can also do that same search on Facebook and like
20:27
Speaker 4: the page over there located one seventy Court Street, downtown Charleston,
20:30
Speaker 4: and give you the rest of the contact information lit
20:31
Speaker 4: bit later on, We'll take a break and be Backgraftter,
20:33
Speaker 4: This you're listening to a retire Right Radio with John Burdett.
20:35
Speaker 4: I'm Del Cooper. This is five ADWCHS, the voice of Charleston.
20:38
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21:21
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21:31
Speaker 8: I'm John Morgan of Morgan and Morgan. I am often
21:33
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21:36
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23:01
Speaker 6: This is Retire Right Radio with John Burdett from Fourth
23:05
Speaker 6: Avenue Financial taking your calls at three oh four three
23:08
Speaker 6: four five fifty eight fifty eight or text on three
23:12
Speaker 6: oh four nine three five fifty eight.
23:15
Speaker 3: Say I say.
23:19
Speaker 6: You, say.
23:32
Speaker 3: You say much?
23:35
Speaker 4: Say hello?
23:36
Speaker 3: Say hello to uh Christmas savings. You can.
23:40
Speaker 4: You can do that by doing it the right way
23:42
Speaker 4: and not getting in debt over the holidays and budgeting
23:45
Speaker 4: out your gift giving appropriately, give it with with as
23:49
Speaker 4: much love as you can, but with only the money
23:52
Speaker 4: you can afford.
23:52
Speaker 3: That's probably the.
23:54
Speaker 4: Best way to look at it when it comes to
23:56
Speaker 4: your holiday giving. And there are tips out there that's
23:58
Speaker 4: going to help you out. Something that I was thinking
24:01
Speaker 4: about along the lines of having a separate account you
24:04
Speaker 4: spinned into you could also buy yourself like gift cards
24:08
Speaker 4: that like a visa card or something like that. If
24:11
Speaker 4: you had so much, if you needed ways, if you
24:13
Speaker 4: didn't have a separate account, maybe you could create yourself
24:15
Speaker 4: like a like a gift card, and you only spend
24:17
Speaker 4: off of that. Once the gift card's gone and the
24:19
Speaker 4: visa cards is done, that's your budget for the whatever
24:21
Speaker 4: it takes to give yourself that separation, to make sure
24:24
Speaker 4: that you're not dipping into like your normal money, either
24:27
Speaker 4: your investment.
24:28
Speaker 3: Money, your bill paying money.
24:29
Speaker 4: I mean, you hear people's like I got my kids
24:31
Speaker 4: there Christmas, but now I can't afford my gas bill.
24:34
Speaker 4: You got to take care of your bills and stuff first.
24:36
Speaker 3: Yeah. Yeah.
24:37
Speaker 5: The only thing with the gift card, you have to
24:38
Speaker 5: be very careful with it these yeah, but yeah, and
24:44
Speaker 5: you know it's surprising too, And this is kind of
24:47
Speaker 5: a It's not in the article, but how many gift
24:51
Speaker 5: cards do people give that go unused?
24:53
Speaker 9: Oh?
24:53
Speaker 4: Like the ones for stores and stuff. Oh, it's incredible,
24:56
Speaker 4: I know, Like that's something. Businesses do this on purpose.
25:00
Speaker 4: They make gift cards. They make gift cards. It's super
25:03
Speaker 4: accessible because you spend fifty dollars for a gift card
25:06
Speaker 4: for something, the person gets it and either they never
25:10
Speaker 4: use it or also what's very common, they used thirty
25:12
Speaker 4: seven to fifty and they can't find anything that's thirteen
25:15
Speaker 4: dollars and they just forget about the rest of it.
25:17
Speaker 3: Yeah.
25:17
Speaker 5: My grandmother, when I mean this was years and years
25:20
Speaker 5: and years ago, bought me and my wife a gift
25:24
Speaker 5: card for some kind of home store or something like that.
25:28
Speaker 5: There wasn't one within five hundred miles of us. She
25:31
Speaker 5: had no idea, you know.
25:34
Speaker 4: Now, speaking of being smart around the holidays, there was
25:37
Speaker 4: a time a couple of years ago where we were
25:39
Speaker 4: struggling this is COVID era time. We were struggling little
25:41
Speaker 4: bit figuring out what we're gonna do for the holidays.
25:43
Speaker 4: I got into I don't know, a drawer of mine
25:46
Speaker 4: where I'd put some stuff and ran across like six
25:49
Speaker 4: gift cards for different places, and they were gifted to me,
25:52
Speaker 4: but I turned those around that holiday and that just
25:54
Speaker 4: became what I got people for, Like I use those
25:55
Speaker 4: gift cards to buy other people's stuff that holiday. Hey,
25:58
Speaker 4: it worked, you know, I didn't have to get into mine,
25:59
Speaker 4: and uh, they had been sitting there for years, so
26:02
Speaker 4: obviously I'd forgotten about them. So that ended up being
26:04
Speaker 4: a nice little bonus. But you just have to find
26:06
Speaker 4: a way to not overspend to not you know, if
26:11
Speaker 4: it's your if it's your kids that you're looking at to,
26:13
Speaker 4: they don't necessarily I struggle with this all the time.
26:15
Speaker 4: My kid has her her mainline list of like the
26:18
Speaker 4: four things that she wants. I can't afford those things.
26:20
Speaker 4: You know, maybe family can help me out with it,
26:22
Speaker 4: But these are some she's getting older now, she has
26:24
Speaker 4: some pretty big ticket items. I would love to get
26:26
Speaker 4: them for her because I know that her face would
26:28
Speaker 4: light up for an hour and be really happy with it,
26:30
Speaker 4: and then in a week you'd forget about it. You
26:32
Speaker 4: just have to be really careful with that stuff.
26:34
Speaker 5: Yeah, you know, I that just made me think, what
26:36
Speaker 5: do kids do nowadays? I'm mine or older? Now, you know,
26:40
Speaker 5: you used to get the Sears catalog and you'd circle
26:42
Speaker 5: everything you wanted on it. How how do kids come
26:45
Speaker 5: up with wish lists today?
26:47
Speaker 4: That I mean part of it is they get they
26:50
Speaker 4: still get catalogs and stuff. So my uh, my daughter
26:55
Speaker 4: has an Amazon Gift Kids catalog and she goes through
26:58
Speaker 4: and circles the.
26:58
Speaker 5: Stuff that she Okay, it's so it's similar.
27:01
Speaker 4: That still similar. It's still similar. Yeah, and my kid's seven,
27:05
Speaker 4: but she uses Google Keep all the time, the note
27:07
Speaker 4: the note thing on her app and we have a
27:10
Speaker 4: shared notebook, and so she'll send us messages and stuff
27:14
Speaker 4: in there all the time. And so she'll go in
27:16
Speaker 4: there and write new Blue House or you know, that's
27:20
Speaker 4: what it is that she wants. Man, those Bluey toys,
27:23
Speaker 4: they come out with different ones all the time. That
27:25
Speaker 4: they've really found the marketing on those Bluey toys. She
27:28
Speaker 4: has so many and they come out with so many more.
27:31
Speaker 5: I'm not familiar with blue toys, but I'm sure it
27:33
Speaker 5: was the same way when I was a kid with
27:35
Speaker 5: Star Wars.
27:36
Speaker 4: I mean, you know, it's basically yeah, anyway, it's it's
27:40
Speaker 4: when Blue first came out, you couldn't find many toys,
27:42
Speaker 4: you know, so we we really had to struggle several
27:44
Speaker 4: years ago. But now blue is everywhere, so you can't
27:47
Speaker 4: not get something for blooey. It seems like around the holidays,
27:50
Speaker 4: I love blue. But man, that commercialization is definitely caught
27:53
Speaker 4: up to the old to the old healer. That's that's
27:55
Speaker 4: for sure. Ultimately, as we as we as we start
27:58
Speaker 4: winding down this conversation here, and you can still give
28:00
Speaker 4: us a coll fee like three zero four three four
28:02
Speaker 4: five fifty fifty eight three zero four, three four five
28:03
Speaker 4: fifty eight fifty eight. You can also text any questions
28:06
Speaker 4: you have to three zero four nine three five five
28:08
Speaker 4: zeros or eight. You know, gift giving not only means
28:12
Speaker 4: that you need to go out and buy the gifts.
28:13
Speaker 4: Sometimes it requires all types of other cost stuff. Maybe
28:16
Speaker 4: they're shipping costs involved where you have to if you're
28:18
Speaker 4: buying for loved ones that live not in your home area,
28:21
Speaker 4: things like wrapping paper and bows and stuff like that.
28:23
Speaker 4: You might laugh, but that stuff's expensive now absolutely. If
28:26
Speaker 4: you don't want the stuff that rips instantly, like you
28:27
Speaker 4: can go to the dollar store and get wrapping paper,
28:29
Speaker 4: but man, if you don't, if you don't wrap it
28:31
Speaker 4: like we need a lot of patience, Yeah, because it
28:34
Speaker 4: just rips. You know, you have to like double wrap
28:35
Speaker 4: stuff and it's very thin. And so if you get
28:37
Speaker 4: quality wrapping paper that stuff, I get sticker shock because
28:40
Speaker 4: that stuff is legitimately expensive.
28:42
Speaker 5: Absolutely, So yeah, all of those things add up. The
28:45
Speaker 5: meals something. You know, if you're going to host a
28:47
Speaker 5: meal at your house, I mean, think about the cost
28:49
Speaker 5: of those things. They all add up. They all have
28:51
Speaker 5: to be paid for, and they should all be planned
28:54
Speaker 5: for in advance, and otherwise you will have the hangover
28:59
Speaker 5: after Christmas with the credit card bills coming in January,
29:02
Speaker 5: and you know, then you'll be trying to fight to
29:05
Speaker 5: pay that off over the next year and then the
29:07
Speaker 5: holiday comes around again. You need to get ahead of
29:09
Speaker 5: that cycle, you know, and the only way you can
29:13
Speaker 5: do that is saving.
29:15
Speaker 4: I know this is probably a question that just comes
29:16
Speaker 4: up all the time with financial planning in general when
29:19
Speaker 4: it comes to couples. But if you have a couple
29:20
Speaker 4: who have like asymmetrical earnings, so you have one that's
29:23
Speaker 4: a major earner, another one that you know makes money
29:26
Speaker 4: but maybe not as much, or maybe as a homemaker
29:28
Speaker 4: in their own right, whatever it might be, and it
29:31
Speaker 4: comes to like the gift giving aspect of their relationship.
29:34
Speaker 4: That could be a little tricky sometimes, right, like, well,
29:37
Speaker 4: you don't make that much money. You know, I want
29:38
Speaker 4: to give my mom this, but you don't make that
29:41
Speaker 4: much money. I don't know if you should give your mom.
29:43
Speaker 4: You really shouldn't have those kinds of conversations. You need
29:45
Speaker 4: to determine all that stuff kind of ahead of toime.
29:47
Speaker 5: No, I mean everybody's household they run it differently, you know.
29:53
Speaker 5: I know it works best for us. I don't have
29:56
Speaker 5: my money and my wife doesn't have her money. We
29:58
Speaker 5: have our money, so I think that's uh for us. Anyway,
30:05
Speaker 5: that's the that's the way we operate, and and we've
30:07
Speaker 5: been doing it in a long time that way. So
30:10
Speaker 5: and early on there were years where where she made
30:12
Speaker 5: more money than I did, and and you know, it's
30:15
Speaker 5: always been that way.
30:16
Speaker 3: Yeah.
30:17
Speaker 4: I know that everybody needs to work out whatever calculus
30:19
Speaker 4: works for them, but it's something you need to establish
30:22
Speaker 4: ahead of time. And uh, the our money thing seems
30:25
Speaker 4: to be a real eat much easierly. I know there
30:27
Speaker 4: are some couples that very much, you know, put a
30:30
Speaker 4: delienation between their the incomes that they make but like you,
30:34
Speaker 4: we've kind of just always had it.
30:36
Speaker 5: It's just had, you know it. Dividing it up that
30:39
Speaker 5: way it just it just creates division and it's hard
30:42
Speaker 5: to get to work together as a team to achieve something,
30:46
Speaker 5: you know, outside of Christmas, you know, spending just in general,
30:50
Speaker 5: how are you going to plan out your your best
30:54
Speaker 5: path forward if if it's divided, it just makes it
30:57
Speaker 5: more difficult.
30:58
Speaker 4: How much of a jerk would you have to be
31:00
Speaker 4: if you're given a gift with return receipts and it's
31:03
Speaker 4: something you really didn't want and you cashed out your
31:06
Speaker 4: your your gifts and then apply them towards debt or
31:09
Speaker 4: something like that. Is that is that a jerk thing
31:11
Speaker 4: to do? Or would that be a responsible thing to do?
31:13
Speaker 5: You know, if you don't need the item, you know,
31:17
Speaker 5: it's still a gift to you.
31:18
Speaker 4: Right, and they gave the receipt with it, so if
31:20
Speaker 4: you could actually cash that out, I mean maybe you know,
31:22
Speaker 4: if there's a few things where you get ticket items
31:25
Speaker 4: that has a receipt with it and you really don't
31:27
Speaker 4: need the thing and the person just wants you to
31:29
Speaker 4: have something you really like and got into a little
31:31
Speaker 4: bit of debt around the holiday. You know, there could
31:34
Speaker 4: be worse uses of returning that gift for something that's useful.
31:37
Speaker 5: Yeah, And there's no doubt about it. You just have
31:39
Speaker 5: to be you know, anything you have is consumption and
31:44
Speaker 5: if you don't need it, you know, it's just wasted
31:47
Speaker 5: money and wasted resources.
31:50
Speaker 4: Yeah, and that those decisions for wasted resources may not
31:56
Speaker 4: just affect you now. So I mean, if you're overspinning
31:59
Speaker 4: in December or in November and December to make the
32:02
Speaker 4: holidays work for you in whatever way that you think
32:04
Speaker 4: that is, that might mean you have trouble making a
32:08
Speaker 4: payment in January on a bill that you have, that
32:11
Speaker 4: then you miss a credit card bill, and then that
32:13
Speaker 4: hurts your credit and then suddenly you don't have credit
32:15
Speaker 4: access that you did have. I mean the snowball of that,
32:17
Speaker 4: the bad snowball, and that could really be a bad effect.
32:21
Speaker 5: Right right. And you know, and another trick that I
32:24
Speaker 5: think you can use, you know, the way we talk
32:26
Speaker 5: about compounding money and how that works over time. You know,
32:29
Speaker 5: if you're young buying gifts for people, we're spending money
32:34
Speaker 5: for anything. Really, I think it's a good mental trick
32:37
Speaker 5: to say, okay, this dollar to day is probably twenty
32:41
Speaker 5: or thirty dollars in retirement.
32:43
Speaker 3: That's a great point.
32:43
Speaker 5: We're spending that much. You know, if you're spending one
32:46
Speaker 5: hundred dollars, is it worth spending two or three thousand
32:49
Speaker 5: dollars of your retirement money for that? And just because
32:54
Speaker 5: that's what you're doing, I mean, when you spend the day,
32:56
Speaker 5: you're taking away from tomorrow, and not just the same dollar,
33:00
Speaker 5: but all the compounding effect of that dollar. I mean,
33:03
Speaker 5: it's twenty five year old. They're probably forty every dollar
33:07
Speaker 5: they spend the day as forty or fifty dollars in retirement.
33:10
Speaker 4: And I tell you what little things and this I
33:12
Speaker 4: know that we've talked about this before. This isn't specific
33:14
Speaker 4: for the holidays, but you know that I generally like
33:16
Speaker 4: to take walks around town right before my afternoon show
33:19
Speaker 4: twenty minutes. I'll go walk around and a lot of
33:21
Speaker 4: times I'll stop and get a cup of coffee. Never
33:23
Speaker 4: really thought about it before because in my brain growing up,
33:26
Speaker 4: you stop somewhere and you get a cup of black coffee,
33:28
Speaker 4: You're not making much in an investment there, you know.
33:31
Speaker 4: And throughout my life a lot of times that was
33:32
Speaker 4: a buck or something like that you don't really think
33:34
Speaker 4: about it. You do that, you know, four or five
33:37
Speaker 4: times a week, and over fifty two weeks a year,
33:40
Speaker 4: throw out a couple of vacations to call it fifty
33:42
Speaker 4: weeks a year. And then you're talking about maybe two
33:44
Speaker 4: hundred cups of coffee, right, that's two hundred bucks at
33:47
Speaker 4: a buck, you know, which you're already looking at the
33:48
Speaker 4: point where that might be a lot of money. Guess
33:50
Speaker 4: coffee's not a buck anymore, even black coffee, even a
33:53
Speaker 4: small black coffee. I mean you can't get out on
33:56
Speaker 4: a small black coffee under two fifty, you know. So
33:59
Speaker 4: now I'm looking at that being a thousand dollars habit
34:02
Speaker 4: a year just to get a black cup of coffee,
34:04
Speaker 4: to take a walk every day. Makes you think just
34:07
Speaker 4: a little bit, do that.
34:08
Speaker 5: For you know, forty years, thirty years.
34:11
Speaker 4: I mean it's and then when you think that that
34:12
Speaker 4: one thousand dollars is worth twenty thousand dollars, I mean
34:14
Speaker 4: if you take the dollar and it's worth twenty times
34:16
Speaker 4: that in retirement, then that means every year, just from
34:19
Speaker 4: my little black coffee habit, you know, walking around, I'm
34:23
Speaker 4: costing myself twenty thousand dollars.
34:25
Speaker 5: Right, Yeah, you have to. Yeah, you have to think
34:28
Speaker 5: about those things. And those are just mental tricks you
34:30
Speaker 5: can use to try to control your spending. Really, is
34:35
Speaker 5: it really worth that?
34:38
Speaker 3: Now?
34:39
Speaker 5: I'm not saying be stingy or scrooge, but you have
34:43
Speaker 5: to stay within the reality, your economic reality that exists.
34:47
Speaker 4: That's all great advice and always has been from John
34:50
Speaker 4: Burdett from Fourth Avenue Financial. You can tune in every
34:52
Speaker 4: week and at eight twenty right here on five a
34:57
Speaker 4: ewchs On Mondays text message, I get adds in the
35:00
Speaker 4: mail for refinancing my car loan. I'm halfway through the loan.
35:03
Speaker 4: The offer us to save me one hundred dollars a
35:05
Speaker 4: month to refinance. Is it possibly worth it to get
35:07
Speaker 4: a lower interest rate?
35:11
Speaker 5: Well, it's hard to tell without the specifics, but generally,
35:14
Speaker 5: if they're going to promise to lower your payment, they're
35:17
Speaker 5: probably extending the term, which ultimately will cost you more interest. Yeah,
35:22
Speaker 5: that would be my first thought, but but there again,
35:25
Speaker 5: I don't have all the details. But yeah, you know it,
35:28
Speaker 5: if it seems too good to be true, it probably.
35:30
Speaker 4: Is that And that's the thing you don't want to
35:33
Speaker 4: get in something who's like oh, I save one hundred
35:35
Speaker 4: dollars a month. And this is like the fifty year
35:36
Speaker 4: mortgage thing. You're you're saving one hundred dollars a month
35:38
Speaker 4: to pay back four hundred thousand dollars more right, you
35:42
Speaker 4: really don't want to do that. Another text message from
35:44
Speaker 4: the three zero four five four one John, The biggest
35:46
Speaker 4: problem I have with Wall Street as they bring down good,
35:49
Speaker 4: fair or undervalued stock along with the bloated ones. I
35:51
Speaker 4: will never understand that. It's like they're a bunch of limmings.
35:56
Speaker 5: Well, the market speaks that that's you know, there are
36:00
Speaker 5: a lot of good companies and we've we've had a
36:02
Speaker 5: period in the last penful of years where value type
36:06
Speaker 5: companies have just underperformed the market. Now if you go
36:10
Speaker 5: back twenty five years, that's not the case. And so
36:15
Speaker 5: it's a long cycle and you just have to be
36:17
Speaker 5: patient with it. If you own quality companies that are
36:20
Speaker 5: earning money, growing their earnings, and your patient, you'll probably
36:23
Speaker 5: be okay.
36:24
Speaker 4: That is a great advice, sage advice that always with
36:26
Speaker 4: Jomerdad at Fourth Avenue Financial, one seventy Court Street, Downtown
36:29
Speaker 4: Charleson Fourth Avenue Financial dot com, you spell out the
36:32
Speaker 4: whole thing fourth Avenue Financial dot Com. Like it on
36:34
Speaker 4: Facebook as well. You can do that search over there.
36:36
Speaker 4: Threes are A four seven four six seven done seven seven.
36:38
Speaker 4: Threes are A four seven four six seven done seven seven.
36:41
Speaker 4: John C you next week.
36:42
Speaker 5: All right, thank you.
36:42
Speaker 4: Have a great day everyone. Dave Allan's up next. I'll
36:44
Speaker 4: be back this afternoon at three h six with Dave
36:46
Speaker 4: Weekly on met your News Hotline. Have a great day everyone.
36:48
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