Latest / WCHS Network Podcasts / 06/24/2024 Retire Right Radio with John Burdette

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06/24/2024 Retire Right Radio with John Burdette · WCHS Network Podcasts

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On Retire Right Radio, Let's go live to the studio, which of
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Dale Cooper and John Verdad from fourth I Have Any Financial from five any w
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C as the Voice of Charleston. Jeff Jenkins in for a coop this morning
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and John is here, John, How you doing. I'm doing great this
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morning. Good good, it's happy to be here. Happy to be here,
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all right, good, good job. Yeah, yeah, And we'll
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kick it off here this morning with financial news and how things are going and
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what people are talking about since the last time I visited with you, John,
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I mean, Marcus continues to do pretty good, doesn't it. Yes,
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it's uh, it's actually the longest stretch without a two percent down day.
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And I can't remember the timeframe, but it's in a long long time.
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I mean it's been you know, very very calm and consistent march higher.
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Really the week before last it was the tech stocks that roared back to
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life, and last week the tech stocks were flat and the rest of the
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doll type the stocks powered forwards. So what we're seeing is, certainly the
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tech is still leading, but but some of the other stocks are starting to
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participate a little bit, which is a good sun. This is uh this
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would you say this run was kind of unpredicted? Well, everything in the
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market is somewhere. Well, I was going to say that, I was
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going to say, yeah, that's that's that was a very good question.
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Yeah. The the I mean, certainly there's a saying in the market.
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It's it's the market climbs a wall of worry. And and really, when
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you think about this, this upturn we've had in the last year and a
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half, it's full of worry. People are worried all you know, well
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the elections coming up, or inflation or this that, or the interest rates.
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There's Ukraine and all these these things out there to worry about, and
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the market keeps marching forward. Well why is that. Well, if everybody
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is euphoric, they've already committed their money, they've already put it in.
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Who's going to bid it up higher if everybody's already in and bought. And
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so there's something about having doubts and those doubters being converted to believers as they
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as they get left behind, that brings the new money in. And so
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that's that's the saying. That's the market is climbing a wall of worry.
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And what are I mean again this is prediction or unpredictable. I mean,
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is there anything that would I mean, would you take like a two percent
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back like it usually does, or I mean yeah, I mean it's very
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normal to have a ten percent correction almost annually. At some point during the
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year you're going to have a downturn. And you know we had a downturn
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earlier this year that it didn't quite make it to that, but you know,
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people thought, oh, here we go, and then it turns right
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around and you know, March is forward again. So it's been a very
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very calm march. In the midst of all, that's all the worry out
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there. The nature of your businesses. You deal with people, You help
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them with financial plans, you help them as they plan their future. You've
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you know, I'm sure people ask you in this good run, it's in
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how are things looking for me? I mean, in general, I would
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think, for one case, are pretty doing pretty well? They're doing pretty
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well. I mean if you have to be careful about focusing on sectors of
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the market, thinking that your portfolio should be doing, for instance, like
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the tech sector. You know, in a portfolio you should be diversified,
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and those stocks have run much much farther than any others. And so when
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you look at that and you say, wow, the nasdak's up you know,
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seventeen percent this year, my portfolio is only up five or six.
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Well, the Dow is only up three point nine for the year, bonds
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just now or break even for the year. So if you're in a diversified
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portfolio in a year like this where you have such a dichotomy of growth and
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value, you know, just be careful not to chase and set your expectations
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realistically for the stage of life you're in. You know, if you're up
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seventeen eighteen twenty percent this year and you're a retiree or close to retirement,
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that tells me you're probably misallocated. Even though you've done well, you're probably
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misallocated for the position on stage of life you're in. Because there is a
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certain amount of the tech talks are doing great, so that kind of the
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todd lists all boats, right, I mean well to a degree. And
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you know, people are talking a lot about AI and certainly some of the
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big companies that have benefited from that are are We all know those names.
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But really, when you look at a technology like that, what is going
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to end up happening I think is just like with the Internet, it makes
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all companies or a lot of companies more efficient as they learn to use those
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tools in their business. So when they talk about, hey, this is
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good for earnings, yes, it's good for the companies right now that are
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making the hardware to make this happen. But ultimately this technology can make businesses
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more efficient and that drives earnings as a whole forward. It drives efficiency forward,
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which ultimately continues to drive the market forward. And that's really the story.
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I mean you could see that even in the Internet when it came about.
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I mean, yes, everybody knew the story. But now look at
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companies. Companies all use the Internet in their business and computer and you know,
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even an industrial company is utilizing those technologies to make themselves more profitable.
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And that's just a story of progress that keeps the market driving forward over time.
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John Bedesk weathers Worth Avenue Financial three O four three four five fifty eight
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fifty eight three or four three four five fifty eight fifty If you don't mind,
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I did want to talk about AI a little bit. Sure, give
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me what is it? Because I think a lot of people hear AI AI.
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What is it? What's happening with it? And how you know?
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And should people? And you kind of mentioned there a little bit, but
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just kind of, if you don't mind, go down that road a little
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bit. And now it's impacting things. Yeah, I like to look at
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it, like say, more as a broad story of just the progress of
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you know, of technological progress essentially that keeps driving the market forward. You
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know, you had that with the Internet, you had that with the industrial
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age as it came about, and and it it changes the way we do
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things and and generally it will change the way we do things and make them
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more efficient, make it cheaper to do things, make it easier to do
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things, which ultimately drives the profitability of companies forward. You know, I
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don't know, no one really knows how that all plays out. And I'm
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sure there'll be bumps along the way as this technology rolls out and people learn
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how to use it properly. But it is, it's it's pretty amazing.
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I mean, my my youngest is getting ready to go off to college and
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we say, hey, well we bought him a laptop for him to go
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off, and they just this laptop they got he got was a it's something
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called Copilot Plus. It's a Microsoft deal and it's it's got integrated AI.
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So it's almost like you can have a conversation with your computer and you can
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ask it things like let's say you were looking at something last week on your
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computer and you can't remember where it was or how to find it. You
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can just ask your computer, Hey, computer, I was looking last week
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at this, you describe, it finds it for you. It remembers that
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and finds that for you. So it's almost like an assistant that's that's working
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for you. It's kind of thing and it's and it's I don't know if
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it's Zoom or the micro maybe Microsoft teams. I'm no expert at that at
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this type of ang but you know, if you're in a meeting on video
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with people and let's say you want to read something, the computer, the
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AI will artificially generate you looking in and speaking into the camera, even though
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you might be turned reading something that's a little freaky. Yeah, it is
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so so and there Again, that's the thing with new technology. I mean,
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you know, it can be used for for lots of good things,
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but there's going to be a learning curve there where it's going to be the
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wild West for a while until people figure out what kind of rules we need
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around it. Well, yes, and and uh and so right now that
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is is that the momentum of the tech stocks. Yeah, that's that's really
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you know, what has powered a lot of that forward. And of course,
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ultimately, and this is a story that will play out over a decade
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or more. You know. Ultimately, the story though, will be what
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companies utilize this to make their businesses more efficient and more profitable. Right now,
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it's the you know, the people making the chips and making the initial
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software, but ultimately all of that will be used everywhere across the economy.
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You know, I know, I know Goop uses it to brainstorm ideas for
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for commercials and and and things like that. You know that that makes him
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more efficient when he does that. Someone has showed me here's an example.
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So we now you know there's an there's an AI thing out there, don't
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even know what you call it, but you can put in a news story
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that we've written and we'll give it to it and we'll write it better right
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and send it back to us. Absolutely, And that's what happens too.
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You you write a certain way that sounds like you. You know, you
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know when you read something you wrote, yes, yes, you know the
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types of language you use and words you pick your computer or the AI you
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know you can write and it learns those things so that when it spits it
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back out, it sounds like something that you would have come up with yourself.
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It's pretty wild. Here's the thing, and John's with us, and
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you can call about this or any other financial matter three or four three four
11:43
five fifty eight fifty eight is that I heard this on one of our shows,
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Kim Commando, that runs on the weekend, right, and she was
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talking about some guy called in was talking about how you know, they ex
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actually's church they use. They have a website and some people and have found
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their church by just googling, and she was talking about and his his question
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was because she said she had reported that Internet use is down. Google using
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Google as a search engine is down a lot. This is because of AI
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and some other things. And so she was pointing that she thinks that some
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of that might continue to go down. I don't know big steps, but
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it you know, there's she says, there's other things starting to pick up
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momentum, right, and I think Google there again. I'm not into the
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nuts and bolts of all this, but but I believe they that when you
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search now there are a I generated a synopsis of what you're trying to find.
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Before you go down and click on the links now, right, so
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you know they're obviously trying to keep up and get get in with the with
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the you know, the new technology. Okay, so what would be because
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someone's going to ask you, maybe they are have, Hey, how can
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I get into this AI? Think, you know, to be honest with
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you, just participating in the market. You know that that is the kind
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of the arc of human progress that gets made. And like I say,
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the real winners of the AI, we don't know who they're going to be
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yet. You know, somebody can find a way to use this in their
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business and and you know, double their profits for instance, And we don't
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know who that's going to be. But if you're diversified and if you're just
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participating in the market, you will benefit from this. It's it's just like
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anything else in the progress that's been made over time. You know, we
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talk about I've talked before about my great grandmother born in the eighteen nineties,
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and when she was born there was no cars. There were no cars,
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there were no airplanes, they didn't have electric in the house. They rode
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horses, very primitive, and she lived into the nineteen eighties and look at
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all the progress that was made. That doesn't mean there weren't bad things that
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happened. You know, there was World War one and two, in the
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Great Depression and you name it. But look at the progress that happened.
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So for you to be successful as an investor over that time period, you
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know, it wasn't picking the hot stock, it was just participating in that
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progress. And if you would have done that, you know, you almost
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can't help them make money because that's what companies are doing. They're trying to
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serve people and be more efficient, more profitable every day. Well, and
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then someone invested in Eli Whitney and the cotton gin That's right, I mean
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someone did, right, So yeah, they participated and you know, I
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don't know. You know these phones, we both have them setting on the
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desk in front of us. I mean, that is a three trillion dollar
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company that twenty years ago was was you know, and you say, well,
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these are these big tech titans, you know, they make all this
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this the they're the ones that make the money. No. I mean,
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you know, you can pick any of these people that you see in the
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news all the time, and you know Microsoft is a good example there.
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Again, that's a three trillion dollar company and say, oh, this guy
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he made one hundred and fifty billion dollars. Yes, but that's two point
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eighty five trillion that was made for other people. I mean, that's that's
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pretty pretty pretty big. So obviously participation is the key. Yes, And
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you can do that, and you control the outcome more than you think,
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you know. If you control the things that are in your realm, that's
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what's really important. All these things are going to go on out there all
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the time. It's just the noise and the march of creative destruction that happens
15:52
in the economy. But you control a lot of things. You control the
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career you're in and and the education you have, and the income that you
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ultimately earn by serving people You control when that money does come into you.
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Are you spending less than you make? Are you budgeting properly? Are you
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allocating money to investment in savings consistently? All of those things you can control,
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and if you can control those over a long period of time ten years,
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twenty years, thirty years, it's hard not to be successful if you're
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participating in that process. It's just almost impossible, right three oh four three
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four five fifty eight fifty eight three H four three four five fifty eight fifty
16:37
John Burdett with is Fourth Avenue Financial will take your Calls three O four three
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four five fifty fifty eight back with John in a moment on five eight WCHS
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CHS. This is retire Rife Radio with John Burdett from Fourth Avenue Financial taking
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your calls at three oh four three four five fifty eight fifty eight or texts
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on three oh four nine three five fifty oh eight five eighty WCS. The
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voice Charleston, Ryan Nicholson, our producer. I'm Jeff Jenkins with John Burdetta,
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fourth Avenue five. Actually we get the Monday morning the work week off
19:03
to a good start with John. It's a forty one number to call.
19:07
Three or four three four five fifty eight fifty eight. Three h four three
19:10
four five fifty eight fifty Okay, John, I was listening the other night.
19:14
You know, we have Dave Ramsey on here in the evenings. Sure
19:18
when the Reds aren't on in the summer, and someone called in and I
19:22
know these these these you know, and sometimes you just kind of shake your
19:27
head at these stories, but these happen. There was a couple who make
19:32
four hundred thousand dollars a year, right and they basically lift paycheck to paycheck
19:38
and it happens, and it's just amazing that happens. But they, you
19:44
know, they just there were just several things in there that they were you
19:48
know, you know, had gone upside down on sure, you know,
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and that happens more frequently than you than you think that it, Yeah,
19:56
would or should. Yeah, but it's sometimes it's just a few little decisions.
20:02
You know, I had not one that extreme, but one recently,
20:04
you know, called in and you know, well and well over a six
20:08
figure income and it's like, well, gosh, I just can't seem to
20:14
make up any ground. And you start looking and you know, I just
20:18
don't know where to cut. But there are three car payments, a boat
20:21
payment, an ATV payment, you know, those are all not indispensable items.
20:30
Those are optional items, many of them. And so really it's it's
20:34
it's about you have to be willing to make those decisions and live within your
20:40
means, no matter what the income is. It's it's it's not what you
20:42
make, it's what you do with what you make, and whatever income level
20:48
you're at, the rules apply. You know, you have to live within
20:52
your means and you have to create savings and investment consistently, or you will
20:56
forever be in that trap, kind of running on that amster wheel. If
21:00
you don't have capital set aside working for you, you're always going to have
21:04
to do the work. Credit Card credit card debt is not designed to get
21:10
out of No, it's certainly not. I mean, if you pay the
21:14
minimum oh I'm paying, you'll never It'll just continue, depending on the company,
21:18
fifteen to thirty years to pay those off. I mean, it's an
21:22
unbelievable especially with interest rates as high as that they are right now, credit
21:30
card debt has become a major major issue. And if you look even in
21:34
our economy, you know, the consumer is starting to feel the pinch a
21:41
little bit. Credit Card delinquencies have been on the rise really pretty rapidly over
21:47
the last several months because I say, interest rates have have have gone up,
21:52
which drives the borrowing cost up on those those rates tend to be variable,
21:56
so you're fully exposed to those rising rates. And over the last couple
22:03
of years, with high inflation, particularly consumers on the lower end of the
22:10
economic ladder are feeling the pinch. And you know, inflation doesn't cut equally
22:18
across the economy. If you have assets, if you have stocks, if
22:23
you have real estate, you already bought your home years ago, those type
22:27
of things and locked your rate in at three percent. You know, certainly
22:32
you feel that when you go to the store and you shop, and milk
22:37
and bread and those things are higher, but many of the major costs are
22:41
you fix them because you lock them in, and you have assets that are
22:47
also growing and being affected by inflation, so you keep up with it.
22:51
You know. That's one of the powerful things about the stock market and why
22:56
you need to have exposure to the market even as a retiree. The market
23:00
keeps up with inflation over time because the market is the companies that you own
23:07
in that market are producing the goods and services that we consume, and so
23:11
it stands to reason that over time they tend to keep up with rising prices
23:15
because they're making the things that are rising in prices, and the stock market
23:22
is the place to historically, you know, it keeps up with inflation,
23:29
and so the asset owners, you know, you know, you look at
23:32
the economic statistics and you say, well, it looks like the economy is
23:36
doing well, but there are really extremes on both ends of the of the
23:41
of the spectrum. There are a lot of people that have felt the brunt
23:45
of the pinch of inflation in the last few years that don't feel too good
23:49
at all about the economy. And then if you have assets, if you've
23:56
you know, built your portfolio and you know, bought your real estate and
23:59
things like that over the years, I won't say you've missed it, but
24:04
but you've kind of participated and benefited from that inflation. John. And what
24:11
you do and what you do it forth having and financial is you sit down
24:14
with people, where are they? Where do they want to be? And
24:18
for different people that's different things, and you can help them get there.
24:23
Absolutely, yeah, Structure, structure a plan that works for whatever their situation
24:29
is. And also taking a new account your individual attitude towards money. You
24:36
know, people think about money differently, have different risk tolerances. And it's
24:41
important because you know, it's not just math. There's a lot of psychology
24:47
to what what I do that goes into a financial plan. You know,
24:52
I can mathematically maybe come up with something that statistically this is going to work
24:56
the best, but if you're not comfortable with it, you'll never stick to
25:02
it long term. To get the results. So sometimes it's understanding that and
25:07
building the play around you know what what that comfort level is, because part
25:11
of why you do financial planning is not just the money, but also being
25:15
able to sleep at night, and that is a big part of what I
25:19
do. Kind of the sounding board and the and the buffer between the individual
25:29
investor and emotional decision making, because sometimes you'll get questions of someone who say,
25:36
you know what, I would like to own a second home in South
25:40
Carolina, or someone who says, you know what, I want to stay
25:42
here. I want to be able to give to others, you know,
25:45
or give to my church, you know, those type of things and those
25:48
so those are you know, just different things and not one. It's not
25:52
one size fits all. But there are some principles I'm assuming right that that
25:56
carry through. Yeah, I mean, you know, the base the basic
26:00
principle is you have to live within your means, whatever that is, and
26:04
and if you do that, most everything else is going to work out.
26:08
So really it comes down to budgeting, even as a retire ee. I
26:14
mean, you may have saved a million dollars or two million dollars for retirement,
26:18
but you still have to live within your means or that goes away.
26:22
You know, that's how you let you say, you see high income people
26:26
that are you know, just as trapped as a as a minimum wage worker
26:33
somewhere. You know, they make more money, but there's still they have
26:37
to continue working. They have to continue making that money or it all falls
26:41
apart very quickly if you don't build assets, you know, pull back that
26:48
capital and put it in productive assets that are working for you. How long
26:52
does it take, Like if someone initially calls you to kind of work through
26:57
things, there's an initial there's initial discussions, and then you can yes.
27:02
Generally most of the time anymore, we have a ten minute phone call where
27:07
we just kind of get to know the situation and see what what we're looking
27:11
at, make sure that we kind of understand each other before we sit down
27:17
and meet. And then when you come in, it's really a they're going
27:23
to get to know us type session where we talk about your life, what's
27:29
important to you, talk a little bit about investments you've done in the past,
27:33
what's worked, what hasn't worked, what you're comfortable with, what you're
27:37
not comfortable with, and and then after that, if they want to move
27:42
forward, if we're in agreement that hey, this makes sense to work,
27:47
We'll schedule the follow up appointment to actually, you know, move forward and
27:52
get the plan together. So it's a it's a it's a process. It's
27:56
it's one of those things that you know, we move at the pace that
27:59
you're comfortable with. You know, I'm not an arm twister or a high
28:03
pressure person. It's it's truly a long term relationship that we're trying to build.
28:11
You know, we want to be the sounding board if something happens in
28:12
your life, Hey wonder if I should do this or this financially. You
28:18
know, hopefully our clients are comfortable enough to reach out in those times.
28:26
You know, you don't have to have a set appointment, because life happens,
28:30
and we want to be there for you when that happens. You.
28:34
I think you've said in the past, obviously you have folks of different ages
28:40
are cross the spectrum, but people really start kind of thinking when they hit
28:42
their fifties, right, Yeah, I think that's that's generally the case.
28:47
Yes, you know, because it's still far enough away that that you know,
28:52
you've got time to make some changes and and really impact your outcome.
28:59
But it's also that you realize that, hey, most of most of the
29:03
careers in the rear view here in the road ahead is much shorter than it
29:07
once was. So there's a lot of anxiety even for people that have done
29:11
the right things over the years. You know that it's not it's not what
29:15
am I going to do? But it's like is this enough? You know,
29:18
those type of questions, how is this? I know how to save
29:23
money and invest money, Well, how do I turn that into a paycheck
29:26
when I retire? How do I make sure you know that that it's going
29:30
to last? How do I make sure that I'm making smart decisions with how
29:36
to allocate the money? Those are those are the types of questions even a
29:40
successful saver and investor, because the math changes as you retire. Not only
29:45
that, it's it's the psychology around it is so so strong. I mean,
29:52
if you have a history of thirty years of doing the right thing and
29:56
saving and investing, it's an aotional thing to say, Okay, I'm not
30:00
doing this anymore. I'm changing everything and the way I've done things for thirty
30:07
years and now and now there's a minus in my account every month, you
30:11
know, and understanding that process and trying to be comfortable with that because that's
30:18
a you know, it's a big change, and it's truly more psychology than
30:22
math, and it's important, as you mentioned earlier in the show, to
30:25
keep investing. You do keep investing. Yeah, you know, you still
30:30
participate in the market even as a retiree. You know, you can moderate.
30:34
It makes sense to moderate how you're exposed to the market. But you
30:38
have to have growth assets or inflation will erode your lifestyle if you're not growing
30:45
with it. Speaking of inflation, as we wind down here with John Bidetta,
30:48
Fourth Avenue Financial and the interest rates, and you know they've they've kind
30:56
of been hesitant, right you fed to to cut these back. I mean,
31:00
is that going to come or there's been well. I think most folks,
31:06
myself included, think that the next cut, the next move is a
31:10
cut. When that the timing of that, who knows. I think it's
31:15
relatively soon we'll see something like that. I think the market, if you
31:19
look at the way the futures are trading, it's around a sixty percent expectation
31:25
that the market has that September will be the first rate cut we'll see.
31:30
There was a little cover in the last inflation numbers, they finally came in
31:37
a little cooler than expected. They had been running hot and that's what pushed
31:41
these cuts a little farther out. But the FED still, if you look
31:47
at their meeting notes, they still are expecting several rate cuts over you know,
31:53
some one or two this year and then several next year. So we'll
31:57
see how that plays out. Yeah, something exactly, something something worth watching,
32:04
uh three or four three four five fifty eight fifty eight three oh four
32:07
three four five fifty eight fifty eight Jambredette with us at Fourth Avenue Financial.
32:13
I was at a I was actually at a open house business a couple of
32:20
weeks ago now up in Jackson County, where they're going to make titanium,
32:23
you know, and they're going to use this is the Warm Buffet Company,
32:27
right, They're going to use solar from a Warm Buffet company to write right
32:31
across Route two where they're making a solar plant and they're going to use it
32:37
to make this titanium. And you know, you know it's all these are
32:42
subsidiaries of the Warm Buffet you know. Uh, yeah, we have Brooks,
32:45
I Havethaway you know, to do this and I just think that's really
32:49
interesting because more and more you're going to see that, I think, I
32:52
mean, you're starting to see it, right, renewable energy being used in
32:55
production. Yeah, many of the uh I believe it's the Walmart. You
33:01
know, they're powering themselves because they have, you know, an acre or
33:07
two of under roof. There's a lot of flat space up there that they
33:09
can utilize in certain areas to generate electricity. And the price of solar has
33:15
come down a lot, so mathematically, you know, people like that renewable
33:22
energy. When will this take over? And you know when it takes over
33:25
is when it makes economic sense to take over. You know, you can
33:30
wish something to happen and you can say this is the way it should be,
33:34
but until it makes economic sense, it's going to be hard to push
33:37
through that change. And with solar in particular, we're finally getting to the
33:42
point where the cost versus the output is very, very competitive. Just look
33:49
around your neighborhood. You can start to see that a little bit more too,
33:52
right, just in residential right, and certainly here in West Virginia.
33:57
You know, we're not the best profile for it, but you're even starting
34:00
to see it creep in here. You know, you go out to this
34:04
southwest and there's a lot of solar out there, and also in West Virginia
34:09
a big thing is and we'll see how this eventually impacts natural gas. You
34:14
got the Mountain Valley pipeline now moving, and so there's always been the kind
34:17
of this glood of natural gas, and I'd be interesting to see how that
34:21
impacts gas and stocks and those type of things. Yeah. Yeah, you
34:24
know. The thing about it is, well, none to get too much
34:30
in politics, but there were this last election, it's like, oh,
34:34
you can't invest in energy stocks now, and actually they performed relatively well.
34:40
You can't always use the news and say this is what's going to happen.
34:45
You know, ultimately stocks are going to trade where the profitability is and most
34:51
of the things you worry about as an individual turn out to be noise that
34:57
that passes. You've got to focus long term. Is this company serving people
35:01
productively? And if so, you know, focus on that and not all
35:07
of this noise. I mean we're coming up and now on this election pretty
35:10
quick. There's a lot of noise out there, Yeah, from both sides
35:15
arguing with each other about the best way to do things. You know,
35:20
companies are there to be profitable in the service of others, and they're going
35:27
to continue to try to do that no matter who wins that election. And
35:31
I think that's what you really need to focus on, you know, focus
35:35
on, is my company innovating, Is it solving problems for people? Isn't
35:39
making life easier for people? And if so, you know, block everything
35:45
off. You do your job, live on less than you make, and
35:49
put money aside productively and let the market do its job and it will have
35:54
a plan be steady. Yep, Yeah, that's it all right. So
35:59
best way to contact you at four fourth having financially they want to have that
36:02
conversation with you, Yeah, you certainly could call and get on our schedule
36:07
three oh four seven four six seven nine seven seven. We also have a
36:13
link on our website where you can book your own call. Just schedule at
36:17
ten minute consultation at your convenience. We have a tremendous uptake and in folks
36:24
going online and scheduling meetings with us that way. It's really you know,
36:30
there again technology as it plays out, who's the winner from that? It's
36:35
the companies that figure out how to utilize it right, exactly, all right,
36:38
Johnny's good. See you appreciate it all right, and take care,
36:43
Yeah exactly, And uh so again we'll watch the market this week, see
36:47
if the see if the run, I don't know, if it's a run
36:50
whatever we call it, I mean, and see if that's see if it's
36:52
a positive week. We're getting close to July fourth, you know, got
36:54
a holiday coming up, different things. Yeah, yeah, and the volume
36:58
tends to go down in the summer to a lot of a lot of people
37:00
go on vacation and uh you know, all in New York ends up in
37:04
Florida, so so so there's there's less training in the summer. Gently,
37:09
yeah exactly, all right, all right, John, good seeing you all
37:13
right, Thanks a lot, John Burdett, Fourth Avenue Financial Here every Monday
37:16
on five ad w c HS, The Voice of Charleston. Thanks for joining
37:22
us this morning. Stay tune. Coming up next is ABC News, then
37:24
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37:29
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