Latest / WCHS Network Podcasts / 07/07/2026 Retire Right Radio with John Burdette

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07/07/2026 Retire Right Radio with John Burdette · WCHS Network Podcasts

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Speaker 1: The views and opinions expressed on this program do not
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Speaker 1: necessarily reflect the views and opinions of five ADWCCHS, its employees,
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Speaker 1: or WVRC Media. This is retire Right Radio, a weekly
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Speaker 1: show from John Verdett at Fourth Avenue Financial that aims
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Speaker 1: to answer your questions about financial planning, investing, and how
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Speaker 1: to retire right. Fourth Avenue Financial is located in downtown
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Speaker 1: Charleston at one seventy Court Street. More information online at
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Speaker 1: Fourth Avenue Financial dot com. Join the conversation by calling
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Speaker 1: three oh four three four five fifty eight fifty eight
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Speaker 1: or text three oh four nine three five fifty oh eight.
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Speaker 1: On Retire Right Radio, Let's go live to the studio
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Speaker 1: with host Dale Cooper and John Verdett from Fourth Avenue Financial.
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Speaker 2: Good morning, you're listening to retire Right Radio on five ADWCCHS,
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Speaker 2: the voice of Charleston. Well Cooper, thanks for tuning in
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Speaker 2: on this Tuesday morning. Hey, it's a Tuesday morning. Don't
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Speaker 2: adjust your radios. Don't think that you have to restart
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Speaker 2: the week. It's okay. It is Tuesday morning and John
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Speaker 2: Burdett is with us in the studio on this Tuesday
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Speaker 2: morning to help you retire right.
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Speaker 3: John, Good morning, how you doing this morning.
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Speaker 4: I'm doing great. It's good to be back.
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Speaker 2: Good to have you back into the studio for various
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Speaker 2: discussions of things as we go along. If you want
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Speaker 2: to wait in this morning, you're welcome to give John
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Speaker 2: a call if you're looking for some advice on how
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Speaker 2: you can retire right. Whether you're getting a little bit
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Speaker 2: of a late start or you're right in the middle
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Speaker 2: of things. You want to make sure you're doing things okay.
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Speaker 2: You're looking at making some changes, you had, some life moves,
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Speaker 2: anything that might happen that you have some questions about
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Speaker 2: how you can invest into your own future and retire right.
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Speaker 2: John can help you out this morning and give us
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Speaker 2: a call at three zero four three four five fifty
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Speaker 2: eight fifty eight three four five.
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Speaker 3: Fifty eight fifty eight.
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Speaker 2: You can also text three zero four non three five
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Speaker 2: five zero zero eight to three zero four non three
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Speaker 2: five five zero zero eight, And as we go along
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Speaker 2: here today, we'll go through your text and your calls
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Speaker 2: and tackle any questions that you might have for John
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Speaker 2: Bredet at Fourth Avenue Financial on line fourth Avenue Financial,
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Speaker 2: fourth Avenue Financial dot com.
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Speaker 3: You spell out the whole thing.
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Speaker 2: You can do that online for the website, or do
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Speaker 2: the search on Facebook and like the page over there
2:08
Speaker 2: to be kept up to date. So, uh, we missed
2:11
Speaker 2: you last week. When we missed you last week? Yes, yeah,
2:13
Speaker 2: last week we missed you.
2:14
Speaker 4: I was out of town on a vacation.
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Speaker 2: Missed you last week and and uh and a day
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Speaker 2: late this week. So we have some catching up to
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Speaker 2: do on what's going on in the uh in uh,
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Speaker 2: we say the market, but in uh, the things that
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Speaker 2: we care about with setting our retirement and everything in
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Speaker 2: the market, as far as that looks good right now,
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Speaker 2: we said an all time high. Recently, we're seeing things, uh,
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Speaker 2: you know starting to take off pretty well. That's probably
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Speaker 2: what you want to see.
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Speaker 4: Yeah, the market keeps keeps chugging along, like you say,
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Speaker 4: hearnings continue to be good, so the market follows that.
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Speaker 4: Some of the numbers coming out, you know, the jobs
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Speaker 4: numbers are actually they're strong, but not too strong. You know,
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Speaker 4: jobs are are and the numbers are up over last
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Speaker 4: year year, you know, month of month, month to month comparison. Earnings.
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Speaker 4: While inflation is up, earnings are actually up faster than inflation.
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Speaker 4: So that gives people a little more purchasing power, and
3:12
Speaker 4: you know, most things seem to be moving in the
3:14
Speaker 4: right direction. And now we have hopefully oil prices are
3:18
Speaker 4: moving down. Hopefully gas prices will soon soon follow, and
3:22
Speaker 4: that will which was ahead wind, maybe that will become
3:25
Speaker 4: a tailwind and help push us along.
3:27
Speaker 2: Yeah, definitely, I'm looking forward to to hopefully slightly cheaper
3:32
Speaker 2: gas prices eventually. You know, vehicle I have, you have
3:35
Speaker 2: to get premium anyways. That gets a little expensive when
3:38
Speaker 2: you have to when you have to travel around a
3:39
Speaker 2: little bit.
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Speaker 3: So looking forward to that.
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Speaker 2: Obviously that helps with with your planning and everything. But
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Speaker 2: that's also something just to take the short view on
3:47
Speaker 2: that for just a moment. When you talk about something
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Speaker 2: that's immediate, is like your your gas budget and things
3:52
Speaker 2: along those lines. You should really have a little bit
3:55
Speaker 2: that should be part of your budget anyway, and you
3:56
Speaker 2: should have a little bit of a fuzzy area built
3:58
Speaker 2: into that. It shouldn't be like, well, I know that
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Speaker 2: gas is going to be three eighty nine a gallon,
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Speaker 2: so that's exactly why I go on to budget because
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Speaker 2: I use forty seven gallons every You can't do that.
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Speaker 2: You have to have some sort of fuzzy logic in there.
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Speaker 4: Yeah, I mean, especially with that type of commodity, it
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Speaker 4: does move up and down. You know, we talk about inflation,
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Speaker 4: and that tends to be the march of just overall
4:19
Speaker 4: goods over time. You know, the prices are are higher
4:24
Speaker 4: over time, or you could say at the dollars less
4:29
Speaker 4: valuable over time. It takes more dollars to buy the
4:32
Speaker 4: same goods and services. But just like anything else, I
4:36
Speaker 4: mean sometimes in the grocery store, you know, if beef
4:41
Speaker 4: prices are up, what do you do, Well, you either
4:45
Speaker 4: spend more money or you substitute for something else. It's
4:48
Speaker 4: a little harder to substitute for gas, so you know
4:51
Speaker 4: you do have to, you know, plan for some volatility there,
4:55
Speaker 4: as with any other you know, commodity. It's just there's
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Speaker 4: not a good substitute or ready substitution like there is
5:03
Speaker 4: at the grocery store when you can make those choices.
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Speaker 2: You bring up a great point there, because I think
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Speaker 2: beef is one of those things that we're going to
5:09
Speaker 2: see probably another spike one when we're starting to see
5:12
Speaker 2: I think we're at an all time like a seventy
5:14
Speaker 2: five year low herd count or something. For those for
5:17
Speaker 2: the meat that's being processed, and we have this parasite
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Speaker 2: problem that's coming over over the border that's going to
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Speaker 2: cut down on the meat. But we've seen similar things
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Speaker 2: to this recently with all the chicken shortage a couple
5:28
Speaker 2: of years ago and the egg problem. That egg thing
5:33
Speaker 2: ended up being sort of fake. Did you see that story?
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Speaker 2: That was kind of interesting. I think thirteen states have
5:38
Speaker 2: now sued egg providers for price fixing in like twenty
5:43
Speaker 2: twenty two, twenty twenty three. Like it was like a
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Speaker 2: fake shortage basically, and all those prices that we were
5:48
Speaker 2: talking around around the election time and stuff like that
5:50
Speaker 2: ended up being like kind of artificially inflated, which is
5:54
Speaker 2: kind of weird.
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Speaker 4: It's the saying never never let a good crisis.
5:57
Speaker 3: Go, Never do that.
5:59
Speaker 2: But that's something that that again you can't really like, Yeah,
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Speaker 2: the price of beef might go up, like the price
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Speaker 2: of chicken went up, and there was pork bacon. I mean,
6:07
Speaker 2: we've had that during COVID and everything else. We've had
6:09
Speaker 2: this happen. It's hard And I actually heard this at
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Speaker 2: the grocery store the other day. You know how sometimes
6:13
Speaker 2: you have people that just loved talking that work, you know,
6:17
Speaker 2: like the whole quarter or whatever. And one of the
6:19
Speaker 2: guys was talking about his whole plan for the for
6:22
Speaker 2: all the mess that we're all in, and his big
6:24
Speaker 2: thing was just buying all.
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Speaker 3: The beef that he could. He's just storing his beef.
6:28
Speaker 2: He's like, because when when the when the crunch comes,
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Speaker 2: I want to make sure that I have my beef.
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Speaker 2: That's one way to look at it, I guess. But also,
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Speaker 2: you know, chicken might be less expensive if it spikes
6:38
Speaker 2: a little bit. Fish might you know, you might have
6:40
Speaker 2: other options there instead of like you know, buying a
6:42
Speaker 2: side of cow and putting in your refrigerator or something.
6:44
Speaker 4: Well, and you know, like you say, there's risk and everything.
6:48
Speaker 4: What if the power goes out?
6:49
Speaker 3: Right, you know, I've had that happen before, so you know.
6:54
Speaker 4: You just you know, do what you can make, make,
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Speaker 4: you know, the choices the best that you can, substitute
6:59
Speaker 4: where you can, and to deal with those things. But
7:02
Speaker 4: like say, the good news is inflation. The expectation is
7:06
Speaker 4: that it will continue to moderate because of the fuel
7:08
Speaker 4: prices you know, coming down over the next several months.
7:13
Speaker 4: And yeah, you know, but that's what we're talking about today.
7:16
Speaker 4: I mean tomorrow could you know, who knows.
7:19
Speaker 2: But the way that kind of works too as far
7:21
Speaker 2: as fuel prices go, and I'm sure that if people
7:23
Speaker 2: think about the chain of supply, that fuel prices really
7:27
Speaker 2: does excuse the pun but it fuels everything. So I mean,
7:31
Speaker 2: just you have your baseline fuel prices, but also the
7:33
Speaker 2: cost of delivery of mechanism, not only you know, the
7:37
Speaker 2: gas mechanism, things like that where you're traveling interstate commerce
7:40
Speaker 2: and things along those lines.
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Speaker 3: Prices go up on that.
7:42
Speaker 2: I mean, that creates a domino effect that does create
7:45
Speaker 2: pressure on prices. And so theoretically if the gas pressure
7:49
Speaker 2: because it is commodity based, that's one of the areas
7:52
Speaker 2: where you actually can see most of the time when
7:53
Speaker 2: prices go up there not but commodities you can see
7:56
Speaker 2: that a little bit. You can see them settle in
7:57
Speaker 2: a little bit.
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Speaker 4: Yeah, And like you say, with a lot of times,
8:02
Speaker 4: there's confusion. Oh, oil prices are down, but boy, they
8:05
Speaker 4: don't lower the gas prices right away. And you know
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Speaker 4: they are actually two different commodities. They're very correlated and related.
8:15
Speaker 4: But uh, you know, raw crude can't be put in
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Speaker 4: your car, you know, it has to be refined and
8:20
Speaker 4: so that supply chain is different.
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Speaker 2: That's that when the prices go up and then it's like, well,
8:24
Speaker 2: we have to make the adjustments on the frontc. But
8:26
Speaker 2: that is there is legitimacy to that, right because there's
8:29
Speaker 2: perspective buying in the future, right, so you have to
8:31
Speaker 2: anticipate the prices of the barrels going up for it.
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Speaker 4: Yes, big big companies are using that's what the future's
8:36
Speaker 4: market is. I mean, they are basically laying claims to
8:40
Speaker 4: prices out into the future and uh and trying to
8:43
Speaker 4: build that in so so, actually, what is happening there
8:47
Speaker 4: if they if they execute their their hedges correctly, is
8:51
Speaker 4: that they are smoothing out the peaks and valleys of
8:55
Speaker 4: the prices, making them more dependable. And now obviously you
9:01
Speaker 4: know you don't have a crystal ball and can't get
9:03
Speaker 4: that perfect. But you know, there are sometimes where a
9:06
Speaker 4: company makes money on their hedge, and there are other
9:09
Speaker 4: times when they lose money on their hedge. But but
9:11
Speaker 4: they're again over they're looking at over a long period
9:14
Speaker 4: of time to try to get a little more stability
9:16
Speaker 4: into the marketplace. And and that's why you see sometimes
9:21
Speaker 4: those prices seem disjointed if you follow those markets because
9:26
Speaker 4: of you know, of how they how they place those
9:29
Speaker 4: hedges and those those bets on future prices.
9:33
Speaker 2: Another thing that that I was noticing and doing a
9:36
Speaker 2: little research over the last couple of weeks, a new
9:38
Speaker 2: Fedcare chair of Kevin Warsh is now in position at
9:42
Speaker 2: the FED. And it looks like that the Fed's taking
9:44
Speaker 2: and I know that's been a little rocky there, especially
9:46
Speaker 2: with the board. There's been some descending votes and things
9:48
Speaker 2: like that, but it looks like that they're in kind
9:51
Speaker 2: of a a holding pattern. We're no longer talking obviously
9:55
Speaker 2: the the rate cut thing that went by the wayside
9:57
Speaker 2: months ago. Then there was some talk about the a
10:00
Speaker 2: great height and that doesn't look like it's going to
10:01
Speaker 2: happen either. It looks like that they're willing to let
10:03
Speaker 2: things settle and see where we are right now.
10:05
Speaker 4: Yeah, I think that's probably the consensus, although consensus, you know,
10:09
Speaker 4: adjusts over time. I mean, like say six months ago,
10:12
Speaker 4: we were talking about a series of cuts and those
10:14
Speaker 4: do not materialize, and then there was the fear that
10:17
Speaker 4: well now there's going to be interest rate hikes and
10:21
Speaker 4: and it looks like that's off the table. Now as well. So, yeah,
10:25
Speaker 4: a holding pattern, which you know, from my view, I
10:30
Speaker 4: mean that kind of makes sense. You know, the market
10:33
Speaker 4: and the underlying economy is chugging along just nicely, and
10:38
Speaker 4: you know you don't want it to get too hot
10:40
Speaker 4: because that can that can create some of that inflation
10:45
Speaker 4: you want to avoid. But you certainly don't want it
10:47
Speaker 4: to be too cold and and have people out of
10:50
Speaker 4: work and things of that nature.
10:51
Speaker 2: I guess if we're unwinding some of the wartime pressures
10:53
Speaker 2: as well, that you really don't want to make any
10:55
Speaker 2: decisions within that because things change when you when you
10:58
Speaker 2: come out of wartime pressures.
11:00
Speaker 4: Right right, and and you know, we're not quite back
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Speaker 4: to the pre war oil level, but we're.
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Speaker 2: Getting getting close, closet, getting durning close. Yeah, that's very true.
11:09
Speaker 2: Another thing, and now this is getting into the weege
11:10
Speaker 2: just a little bit, but I thought this was kind
11:11
Speaker 2: of interesting. My understanding is is that, you know, the
11:16
Speaker 2: headline market looks really good. SMP is up nine point
11:19
Speaker 2: three percent year to date, the all country world stock
11:22
Speaker 2: is up ten point four percent, but the S and
11:25
Speaker 2: P five hundred is sitting about ten percent off of
11:28
Speaker 2: its highs and it looks like, at least from the
11:30
Speaker 2: research I saw that small caps had one of their
11:32
Speaker 2: best first half since since the early nineties or something.
11:34
Speaker 2: So there is a little bit of a rotation within
11:36
Speaker 2: within the market, a little bit where small caps are
11:38
Speaker 2: doing very well right now.
11:39
Speaker 4: Yeah, there definitely is movement within those major major averages.
11:44
Speaker 4: And I'm actually getting questions from clients about this. You know,
11:48
Speaker 4: they'll watch the news and say, oh, the markets are
11:50
Speaker 4: record high, and then they look at their portfolio and say, well,
11:53
Speaker 4: maybe I'm not doing as well as I should be.
11:56
Speaker 4: But you know, you have to keep in mind that
11:59
Speaker 4: all of these and X are slices of the total market,
12:04
Speaker 4: you know, and your portfolio is not that exact slice
12:09
Speaker 4: of the market.
12:10
Speaker 2: And the news report is always going to report the
12:11
Speaker 2: highest number, so I mean you're always going to be
12:13
Speaker 2: comparing it against like the best.
12:15
Speaker 4: Yeah, and and and you know the Dow for instance,
12:18
Speaker 4: that al Jones average. I mean that's only thirty stocks
12:22
Speaker 4: right out of the thousands to trade. I mean that's certainly, yes,
12:25
Speaker 4: there are big companies and it can be a great
12:27
Speaker 4: indicator of how the overall market is doing. However, it's
12:31
Speaker 4: thirty stocks. You know, you can have a couple of
12:34
Speaker 4: those move opposite to the rest of the market and
12:36
Speaker 4: move that average. You know, you have NASDAK now is
12:42
Speaker 4: it's always been tech heavy, but it's extremely tech heavy.
12:44
Speaker 4: And the S and P five hundred is now extremely
12:48
Speaker 4: tech heavy because it's a market cap weighted index. So
12:52
Speaker 4: you have you know, these big companies now that are
12:55
Speaker 4: in the trillions, you know, they have more weight in
12:59
Speaker 4: the index than the smaller companies in that five hundred.
13:03
Speaker 4: You know, because when you here at some P five hundred,
13:04
Speaker 4: well that's a pretty good broad benchmark, yes, but it's
13:09
Speaker 4: not equally weighted across those five hundred, and so it's
13:13
Speaker 4: very easy to see those divergences in the averages and
13:17
Speaker 4: your individual portfolio. Also, keep in mind when you're looking
13:22
Speaker 4: at your portfolio, depending on where you are in your
13:26
Speaker 4: life stage, your money's not all in the market anyway.
13:30
Speaker 4: You know, you have some fixed income, you have some
13:32
Speaker 4: things there to particularly if you're drawing income out. You know,
13:37
Speaker 4: you have some things to moderate the volatility so you
13:39
Speaker 4: can sustain those distributions. And so you just have to
13:43
Speaker 4: be careful, you know, how you compare. It's always good
13:46
Speaker 4: to benchmark and and say, hey, how are how are
13:50
Speaker 4: my investments doing against their peer group? But you need
13:53
Speaker 4: to make sure you're measuring it to the right benchmark.
13:57
Speaker 4: Otherwise you you may be happy, you may be disappointed
14:02
Speaker 4: if you do that, but that could be an indicator
14:08
Speaker 4: or could be a signal that might tell you, hey,
14:10
Speaker 4: I need to make changes to my portfolio. Well, maybe
14:13
Speaker 4: you don't need to make changes to your portfolio at all.
14:16
Speaker 4: You're you're just looking at the wrong benchmark.
14:19
Speaker 2: That's a really great point, you know, because you can
14:22
Speaker 2: be if you're fed somebody else's benchmark or somebody else's perspective,
14:25
Speaker 2: and you start looking at it from their perspective, that
14:27
Speaker 2: may not make a lot of sense for you. And
14:29
Speaker 2: then you focus it back then once again, maybe if
14:31
Speaker 2: you have an advisor on your side, somebody that understands
14:34
Speaker 2: what your plan is, you can get gain some perspective
14:37
Speaker 2: on exactly what's going on, and it suddenly it makes
14:39
Speaker 2: a lot more sense.
14:40
Speaker 4: Right because if you chase that benchmark, you know that
14:43
Speaker 4: that's not for you. You may you may get to
14:47
Speaker 4: a better place, but you also may not at all.
14:52
Speaker 4: And so when you're working with, you know, an advisor,
14:56
Speaker 4: you're trying to figure out what the advisor, what do
14:59
Speaker 4: I want to be? How do I get there? And
15:01
Speaker 4: when that portfolio is built, it's built, you know, not
15:06
Speaker 4: necessarily to get the absolute possible highest return, but to
15:11
Speaker 4: give you the absolute best probability of reaching your goals.
15:17
Speaker 4: And if there's too much volatility depending on what your
15:19
Speaker 4: goal is, you know that could be a problem for
15:22
Speaker 4: your goal. Could that could even though the long term
15:25
Speaker 4: rate of return, just like the S and P five hundred,
15:28
Speaker 4: for instance, it was down forty percent in two thousand
15:31
Speaker 4: and eight, Well, if you were a retiree drawing income out,
15:35
Speaker 4: that's a problem because even though the market has come back,
15:41
Speaker 4: you didn't come back because you were pulling money out
15:43
Speaker 4: while it was down to fund your lifestyle. You know
15:48
Speaker 4: that that that's a huge problem. Now you look at
15:51
Speaker 4: the S and P five hundred over the last thirty
15:53
Speaker 4: years and say, oh, it's done ten, eleven, twelve percent
15:56
Speaker 4: a year. That sounds great. And you might look at
15:59
Speaker 4: your portfolio and say, well I've only done eight that
16:02
Speaker 4: doesn't look so hot. But you wouldn't have been able
16:06
Speaker 4: to survive two thousand and eight, which goes into those
16:11
Speaker 4: averages right right of that eleven percent long term market
16:15
Speaker 4: rate of return includes the good years and the bad years. Well,
16:20
Speaker 4: so maybe eight is the best that your portfolio could
16:24
Speaker 4: do based on the goals that you have, because there
16:28
Speaker 4: had to be some moderation of volatility to meet those
16:32
Speaker 4: goals that you have, and so you just have to
16:34
Speaker 4: be real careful, especially right now when you have a
16:39
Speaker 4: sector like the tech sector equaling such a large position
16:45
Speaker 4: inside those indexes. It's a very concentrated position.
16:49
Speaker 2: And we talk about sports and baseball sometimes and analogies
16:53
Speaker 2: a lot, and this really reminds me a little bit
16:57
Speaker 2: when you talk about this, this type of thing as
16:59
Speaker 2: far as what your benchmark's goals and different things like
17:01
Speaker 2: that could be. It reminds me of building a scoring
17:05
Speaker 2: inning in baseball. You know, sure, everybody would like to
17:07
Speaker 2: hit the home run to lead off the inning and
17:09
Speaker 2: hit a couple of home runs during the inning and
17:10
Speaker 2: you score three runs and you know, everything looks great then,
17:13
Speaker 2: but by far a more reliable way to do it
17:16
Speaker 2: is just to get on base and to keep get
17:18
Speaker 2: on base small a little bit of a time. If
17:20
Speaker 2: you if you walk seven times in an inning, you're
17:22
Speaker 2: going to score three runs, you know, I mean, no
17:24
Speaker 2: matter what else, make sure, Ricky Henderson gets exactly, but
17:28
Speaker 2: but there really is an analogy to that that you
17:30
Speaker 2: need a good mix of those things. Sure, you want
17:32
Speaker 2: to hit a couple of home runs every once in
17:33
Speaker 2: a while, but you also want to be on base
17:35
Speaker 2: a lot, So you want to have a lot of
17:36
Speaker 2: stocks that are doing the work for you. Then every
17:38
Speaker 2: once in a while you might strike something that's great.
17:39
Speaker 2: That's how that works. You can't expect to hit a
17:42
Speaker 2: home run every time or and you can't expect to
17:44
Speaker 2: never strike out every once in a once in a while,
17:47
Speaker 2: and in a.
17:48
Speaker 4: Swing for the fence, make sure that you're in a
17:50
Speaker 4: position to do that.
17:51
Speaker 3: Oh yeah, right, it's twenty five year old. You know.
17:55
Speaker 4: They can swing for the fence in their portfolio because
17:57
Speaker 4: if the market is down forty it means nothing to them.
18:00
Speaker 4: They might not like it, but it doesn't change your life,
18:03
Speaker 4: but it does if you're a retiree.
18:05
Speaker 2: I wanted to highlight that for a second too, because
18:07
Speaker 2: I think that you really touched on something there that
18:08
Speaker 2: maybe we don't recognize a lot when you talked about
18:11
Speaker 2: back in two thousand and eight, if you were drawing
18:12
Speaker 2: money then as opposed to still somebody that was investing.
18:15
Speaker 2: Your fear of the moment was much more real and
18:19
Speaker 2: tactle than the person that was like, you know, fear
18:21
Speaker 2: of what might happen in the future. And sometimes I
18:23
Speaker 2: think that might lead to like sort of how different
18:27
Speaker 2: people will evaluate their things, Like somebody might pick up
18:30
Speaker 2: on the panic from somebody who's in a completely different situation.
18:33
Speaker 2: If you're drawing and even this year where the market
18:36
Speaker 2: was down stuff, and you were in a situation where
18:37
Speaker 2: you were drawing out and things didn't look all that great,
18:39
Speaker 2: your panic might have been legitimate.
18:41
Speaker 5: You know.
18:41
Speaker 2: It's like, look, you know, I'm not creating the money,
18:43
Speaker 2: it's not doing the work that I'm supposed to. I'm
18:45
Speaker 2: missing my benchmarks that I was supposed to. That's a
18:48
Speaker 2: legitimate concern. Whereas the person that's maybe forty years old
18:51
Speaker 2: and is still building through that doesn't matter nearly as
18:54
Speaker 2: much to them as the person that's pulling the funds out.
18:57
Speaker 4: That's right, I mean for the younger person, it truly is.
19:00
Speaker 4: Now sometimes it's hard to psychologically accept it, but it
19:04
Speaker 4: truly is an opportunity because you're accumulating more if you're
19:09
Speaker 4: in that stage of life. So where the person drawing
19:14
Speaker 4: out if they're down forty percent, Like you say, that's
19:16
Speaker 4: life changing. That's life changing. That's something that will be
19:19
Speaker 4: very difficult to get out of if you allow that
19:22
Speaker 4: type of volatility and a retirement portfolio. And that's what
19:26
Speaker 4: you get if you look at the benchmark. You cannot
19:29
Speaker 4: look at a benchmark compare yourself to that if you
19:33
Speaker 4: are a retiree, because you couldn't survive that benchmark if
19:39
Speaker 4: you have an income need. So really that benchmark is
19:44
Speaker 4: irrelevant to a large degree, and you're in for what
19:50
Speaker 4: you should be looking at. And that's that's pretty tough
19:54
Speaker 4: to put your head around when the news talks about
19:57
Speaker 4: it every night.
19:59
Speaker 2: Let's see, we have we get this. Uh, we get
20:01
Speaker 2: this question quite a bit. So this comes from the
20:03
Speaker 2: three zer of four five four one. We'll answer this question.
20:05
Speaker 2: We'll go to a break, and then I have another
20:06
Speaker 2: text and we'll get to when we come back.
20:08
Speaker 3: Uh.
20:08
Speaker 2: So this text is from the three zero four five
20:11
Speaker 2: four one. Please talk about the pros and cons of
20:13
Speaker 2: investing in gold.
20:16
Speaker 4: Well. For me, I generally avoid those type of investments,
20:24
Speaker 4: and the main reason it's because it doesn't pay me.
20:28
Speaker 4: You know, a stock pays you a dividend while you wait.
20:31
Speaker 4: Usually the stock has an earning stream that that gold
20:37
Speaker 4: does not, and the gold doesn't multiply. It's just based
20:42
Speaker 4: on you know, if you if you put an ounce
20:44
Speaker 4: of gold in a in a safe and one hundred
20:48
Speaker 4: years you open the safe up and there's still an
20:50
Speaker 4: ounce of gold there. It hasn't turned to two ounces.
20:54
Speaker 4: You buy companies they're growing, expanding, innovating, generating profits and
21:01
Speaker 4: returning those profits to shareholders in the form of dividends
21:05
Speaker 4: of buybacks, you know, things of that nature. So you know,
21:10
Speaker 4: over time, I would rather participate in the entities the
21:16
Speaker 4: companies that are that are serving people to meet the market.
21:21
Speaker 4: You know, it's the same thing with cash. You know,
21:23
Speaker 4: you take cash, you bury it in the backyard. Well
21:26
Speaker 4: what's it going to be worth in one hundred years, Well,
21:28
Speaker 4: history shows that you know, it'll still be there, It'll
21:31
Speaker 4: still be one hundred dollars bill, but will buy as
21:34
Speaker 4: many groceries. And you know, gold is one of those
21:37
Speaker 4: things that there are a lot of one. It's regulated
21:42
Speaker 4: differently than the stock market. People can say things about
21:46
Speaker 4: gold that they can't say about security. So some of
21:51
Speaker 4: the marketing around that is a little more in your face.
21:58
Speaker 3: Kind of interesting.
21:59
Speaker 2: I never picked up on that, but it's almost like
22:01
Speaker 2: supplements as opposed to real medicines. Like supplements, you can
22:03
Speaker 2: make any claim that you want to on it. I mean,
22:06
Speaker 2: maybe not exactly, but it's but there's different, Like there's
22:08
Speaker 2: certain things you can't like you and I can't talk
22:10
Speaker 2: about because of your position and things. I mean, it's
22:12
Speaker 2: just I mean it makes sense because you don't want
22:14
Speaker 2: to to you know.
22:16
Speaker 4: Well, but I recommend something, you know. That's why we
22:18
Speaker 4: don't talk a lot about individuals, right, yeah, because it
22:20
Speaker 4: might not be the right thing for you.
22:22
Speaker 3: Interesting.
22:24
Speaker 4: You know gold, you know these research reports that they
22:27
Speaker 4: send you things like that, you know, they can make
22:30
Speaker 4: it that they don't have to be fair and bounced
22:32
Speaker 4: with the with the with the rhetoric, and and and
22:38
Speaker 4: while it's true gold has gone up or or has
22:40
Speaker 4: gold gone up there again, or has the dollar declined? Right,
22:43
Speaker 4: I think that's that's really what it is, because the
22:45
Speaker 4: gold's the same gold. The dollar has declined, and and
22:51
Speaker 4: you have more dollars that you could convert it into
22:54
Speaker 4: today than if you had gold in the in the past.
22:56
Speaker 4: But but it's still not producing anything. And I just
22:59
Speaker 4: think if you're valuable to people in the ownership of
23:05
Speaker 4: a company, and your company is valuable to people, it's
23:08
Speaker 4: going to have a better, more durable result. I mean
23:13
Speaker 4: if things really break down, which is a which I
23:17
Speaker 4: believe is why a lot of people are attracted to gold,
23:19
Speaker 4: because they feel like it's, oh, it's something real that
23:23
Speaker 4: I can hold. If things really break down, you know,
23:27
Speaker 4: are you going to trade with that ounce of gold?
23:30
Speaker 4: How do you divide it? I mean that's why currency
23:34
Speaker 4: is used now instead of gold, because you can divide it.
23:37
Speaker 4: It's divisible. It's hard to divide gold up.
23:40
Speaker 2: And also it seems like a jug of water would
23:41
Speaker 2: might be more valuable than analysis.
23:44
Speaker 4: Enough, you know, food and you know, bullets and things
23:49
Speaker 4: like that are going to be more valuable. And if society,
23:54
Speaker 4: you know, if if things slow down, if things go south,
23:57
Speaker 4: but society stays intact, then owning a company that provides
24:02
Speaker 4: goods and services to me just makes a lot more sense.
24:05
Speaker 4: Now that's you talk to one hundred people, and some
24:09
Speaker 4: people have a different opinion of that, but that's me.
24:11
Speaker 4: I do not put that in a portfolio. Now, if
24:15
Speaker 4: I thought a commodity was going up, you know, I
24:17
Speaker 4: would probably look more towards the companies that are mining
24:22
Speaker 4: and producing then I wouldn't necessarily owning the metal itself.
24:27
Speaker 2: But and just to go down that, if you're already
24:32
Speaker 2: mining and producing gold, for example, if there ever was
24:35
Speaker 2: sort of a paradigm shift at some point in the
24:37
Speaker 2: future where there was another mineral or whatever might happen,
24:39
Speaker 2: they're already in the position to pivot to that and
24:43
Speaker 2: continue along that. I was just thinking, I was reading
24:45
Speaker 2: this thing about extraction industries and like coal or whatever,
24:48
Speaker 2: and there's a relatively big push right now for geothermal
24:51
Speaker 2: and there's not much of a pushback owner. It's like, well,
24:52
Speaker 2: why isn't there a pushback on geothermal because you know
24:56
Speaker 2: that's a renewable energy and things like that. Why are
24:58
Speaker 2: people more open some people we're open to do with thermal, Well,
25:01
Speaker 2: it's an abstraction. You have to drill. Who can drill?
25:03
Speaker 2: The abstraction industries they're like, sure, we can do that too,
25:06
Speaker 2: Why not. We don't care where it comes from. We
25:08
Speaker 2: just want to be part of the poth's So that
25:11
Speaker 2: sort of makes sense.
25:11
Speaker 4: Well, any gold versus a company too, you know, it
25:15
Speaker 4: costs a lot of money, to open a gold mine,
25:19
Speaker 4: those costs are already sunk. If gold was one thousand
25:24
Speaker 4: dollars an ounce when that mine was built, and now
25:28
Speaker 4: it's four thousand dollars an ounce, you know, it becomes
25:33
Speaker 4: it's leveraged to that higher price. So it makes sense
25:40
Speaker 4: that the earnings will actually grow of that company much
25:43
Speaker 4: faster than the commodity would anyway, if the company is
25:46
Speaker 4: being managed correctly.
25:48
Speaker 2: My last inexpert view on this is just simply that,
25:51
Speaker 2: like if I were to travel forward into tom fifty years,
25:55
Speaker 2: I can imagine a world where suddenly you look around
25:58
Speaker 2: and nobody uses gold for anything, Like for whatever reason.
26:01
Speaker 2: It's like, well we found a better conductor. It doesn't
26:03
Speaker 2: really have any interries because it value otherwise, you know,
26:06
Speaker 2: the world.
26:06
Speaker 3: Doesn't really use gold.
26:07
Speaker 2: However, whatever technology started with the chip and the iPhone
26:11
Speaker 2: and then evolved over fifty years, whatever that is is
26:13
Speaker 2: probably still going to be in use, you know, like
26:15
Speaker 2: whatever path that win one to uh to adjust for
26:19
Speaker 2: modernity and things along those lines.
26:21
Speaker 4: Well, and I can't deny. I mean, you hold a
26:23
Speaker 4: twenty dollars feels good gold piece. You look at it,
26:27
Speaker 4: there's like a romantic attachment to it, and and that's
26:31
Speaker 4: what gives it a lot of its value. You know,
26:34
Speaker 4: it's it's over time, it's been used as that. And
26:37
Speaker 4: but you know, like I say, if if I have
26:41
Speaker 4: a leaky pipe in the house, I'm going to call
26:44
Speaker 4: a plumber because that plumber is valuable to me. And
26:47
Speaker 4: I can't imagine I can't think of anything any reason
26:50
Speaker 4: that I'd called somebody and say, hey, deliver me this goal.
26:53
Speaker 3: Great point. We have another tech.
26:55
Speaker 2: We have a couple texts that ken and one of them,
26:57
Speaker 2: I think that John has to clean up where I
26:59
Speaker 2: was talking about some caps. Somebody is wondering how in
27:02
Speaker 2: the world you invest in small companies, and I think
27:04
Speaker 2: John can easily answer that question when we come back.
27:07
Speaker 2: So if you have any other questions, you can feel
27:09
Speaker 2: free to weigh in. Give us a call three zero
27:10
Speaker 2: four three four five fifty eight fifty eight three four
27:12
Speaker 2: five fifty eight fifty eight. You can also text three
27:14
Speaker 2: zero four non three five five zero zero eight. Will
27:16
Speaker 2: take a break and be backra after this. You're listening
27:18
Speaker 2: to over tire Right Radio with John Bredet from Fourth
27:20
Speaker 2: Avenue Financial Online Fourth Avenue Financial dot com. I'm del
27:23
Speaker 2: Cooper and that's John Bredet on five ADWCHS, The Voice
27:25
Speaker 2: of Charleston re Tyright.
27:26
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27:28
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29:22
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29:42
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29:48
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29:50
Speaker 2: of Charles On. Thanks for tuning in on this Tuesday morning.
29:52
Speaker 2: It's not Monday. Don't adjust your radios. Uh, don't wrack
29:55
Speaker 2: your head around wondering, Oh man, did I just wake
29:57
Speaker 2: up from a fever dream? And we're just starting the week.
29:59
Speaker 2: It's Tuesday. It's okay. We're just in here a little
30:02
Speaker 2: bit one day later this week, John Merdett is here
30:05
Speaker 2: if you want to get in and ask any questions
30:06
Speaker 2: about your financial future, how you can retire right. John
30:09
Speaker 2: can answer your questions this morning. Three zero four three
30:11
Speaker 2: four five fifty eight fifty eight three zer a four
30:13
Speaker 2: three four five fifty eight fifty eight. You can also
30:15
Speaker 2: text threes erre four non three five fives years zero eight.
30:17
Speaker 2: Do have a text question that came in earlier in
30:20
Speaker 2: the show, And I think this was based off of
30:21
Speaker 2: something I said, and maybe I presented this incorrectly. That's
30:24
Speaker 2: why I try not to talk too much during these shows.
30:26
Speaker 2: But let's see we had a listener from the three
30:31
Speaker 2: zero four six three six. I heard you just say
30:35
Speaker 2: that small companies is where the money is at. Right now,
30:37
Speaker 2: I don't even know how you invest in small companies, okay,
30:41
Speaker 2: And I think that I mentioned something about small caps earlier,
30:44
Speaker 2: small caps.
30:45
Speaker 4: Small cabins, which which are smaller company right right, So
30:48
Speaker 4: capitalization is just the size of the company. So I mean,
30:53
Speaker 4: certainly that's a sector of the market. You know, it's
30:58
Speaker 4: gonna go up, up and down. Sometimes it will outperform,
31:02
Speaker 4: sometimes it will underperform. Lately it's been performing well. Small
31:08
Speaker 4: cap stocks tend to be more about volatile and over
31:12
Speaker 4: time they have a good return profile because you can
31:16
Speaker 4: accept that volatility. I mean just generally in the market,
31:19
Speaker 4: if something is volatile, you also have good return potential.
31:25
Speaker 4: And it's just the nature of how investing works. And
31:28
Speaker 4: there are reasons for that that could be get way
31:32
Speaker 4: into the weeds, and we won't do that. But you know,
31:36
Speaker 4: if you're investing for the first time, you really shouldn't
31:40
Speaker 4: be chasing quote where the money's at directly. You know,
31:45
Speaker 4: you should be looking at your goal, what your needs are,
31:49
Speaker 4: what your time horizon is, what your experience and tolerance
31:54
Speaker 4: to volatility is and then building a portfolio around that
31:58
Speaker 4: that would include things like potentially like small cap stocks.
32:04
Speaker 4: Small cap stocks are, like you say, unless you have
32:08
Speaker 4: a lot of money to diversify. Most people access those
32:11
Speaker 4: through funds, mutual fund and ETF, something that invests in
32:17
Speaker 4: smaller companies. You know, smaller companies tend to have less
32:26
Speaker 4: predictable earning streams, a lot of them are in development,
32:30
Speaker 4: or some of them are actually losing money, but they
32:33
Speaker 4: have great prospects for the future, that sort of thing.
32:37
Speaker 4: So it's certainly difficult to go in and do enough
32:41
Speaker 4: research to build a diversified portfolio of small companies. So
32:45
Speaker 4: you know, for most people, accessing it through a fund
32:48
Speaker 4: or a ETF or mutual funds something like that is
32:51
Speaker 4: how you do that. And small caps tend to be
32:55
Speaker 4: a diverse fied portfolio part of almost everybody's portfolio. But
33:00
Speaker 4: it's not the something to chase, because that's like I say,
33:04
Speaker 4: where the money's at. It's something to participate in, and
33:09
Speaker 4: you need special funds for that because you know, these
33:12
Speaker 4: companies now, the big companies are trillions of dollars. The
33:16
Speaker 4: funds that invest in those companies manage hundreds and hundreds
33:20
Speaker 4: of billions of dollars. Well, if you have a two
33:24
Speaker 4: billion dollar company and you have a three hundred billion
33:29
Speaker 4: dollar mutual fund, the small cap is so small that
33:36
Speaker 4: they can't even participate in that company or they'd end
33:39
Speaker 4: up buying the whole company up. So you have to
33:41
Speaker 4: focus on specialized portfolios for those type of things to
33:46
Speaker 4: get the diversification.
33:47
Speaker 2: You need, which is exactually the kind of question that
33:49
Speaker 2: you asked that you need, John four, because that's exactly
33:51
Speaker 2: you know how to gain access to these things exactly
33:55
Speaker 2: how to deploy those in your strategy if it makes
33:56
Speaker 2: sense for you. That's how John Predec can help you out.
33:58
Speaker 2: Over fourth Avenue Financial online for new financial dot com.
34:01
Speaker 2: Have a caller on a caller you just dropped off.
34:03
Speaker 2: I was just getting ready to come to you. If
34:04
Speaker 2: you want to give me a call back here real quick,
34:06
Speaker 2: I'll get over to you. Three zero four three four
34:07
Speaker 2: five fifty eight fifty eight three zero four three four
34:09
Speaker 2: five fifty eight fifteen.
34:10
Speaker 3: I was just getting ready to come to you. I promise,
34:11
Speaker 3: sorry about that.
34:12
Speaker 4: I was talking too much.
34:13
Speaker 2: I think that was me if I would have gone
34:14
Speaker 2: straight to it when you threw it to me, we
34:16
Speaker 2: probably could have got there. So if you want to
34:17
Speaker 2: give me a call back here real quick, we can
34:19
Speaker 2: get you on there. Three zero four three four five
34:21
Speaker 2: fifty eight fifty eight three zero four three four five
34:23
Speaker 2: fifty eight fifty eight. Honest question. I have not started
34:26
Speaker 2: financial planning yet. I'm in my early thirties and I
34:29
Speaker 2: have fifteen thousand dollars saved. I feel like that's not
34:32
Speaker 2: even enough to bother with a financial planner. Is there
34:35
Speaker 2: a minimum before it makes sense for me to go
34:37
Speaker 2: see someone? This is from the six eight one four
34:39
Speaker 2: one four.
34:41
Speaker 4: Well, I mean a lot of advisors do have minimums.
34:45
Speaker 4: I don't particularly. I'd be happy to have an appointment
34:50
Speaker 4: set down and give you some direction. I mean I
34:53
Speaker 4: enjoy doing that certainly, you know, look at you or
35:00
Speaker 4: overall finances. You know, I can offer you some worksheets,
35:03
Speaker 4: some things to get you going, but you know, making
35:08
Speaker 4: sure you have the foundation built first. You know, do
35:10
Speaker 4: you have that fifteen thousand? Is that an really investable
35:13
Speaker 4: money or is that your emergency fund? You know, if
35:16
Speaker 4: it's your emergency fund, then certainly you shouldn't invest that money.
35:20
Speaker 4: If it's extra money above and beyond your emergency fund.
35:23
Speaker 4: You don't have credit card debt, then we can talk
35:25
Speaker 4: about investing that money. If it is your emergency fund
35:28
Speaker 4: and you don't have excess funds to invest, well maybe
35:31
Speaker 4: we start some sort of a small systematic investment plan
35:34
Speaker 4: to get you going monthly to supplement your retirement at work.
35:39
Speaker 4: So there are a lot of options there that you
35:42
Speaker 4: that you have and certainly there is no age that
35:44
Speaker 4: is too young to start. You know, you build that foundation,
35:49
Speaker 4: put a put a long term plan together and then stick.
35:51
Speaker 2: To it and and and that's how and that's really
35:55
Speaker 2: just that that's really the whole ball of WAX. I mean,
35:57
Speaker 2: you have to you have to put your plan into place,
35:59
Speaker 2: execute your plan, work with a financial advisor of just
36:03
Speaker 2: over time depending on what your situation is.
36:04
Speaker 3: But really you have to get started. That's that's the
36:06
Speaker 3: number one thing.
36:07
Speaker 2: And Colleen John Bredet at Fourth Avenue Financial is the
36:10
Speaker 2: easiest way to do that. Fourth Avenue Financial. John Bredet
36:12
Speaker 2: is here every Monday morning to this week Tuesday. We
36:15
Speaker 2: accommodate John whenever we can for retire Right Radio. You
36:18
Speaker 2: can listen to that program.
36:19
Speaker 3: Also.
36:19
Speaker 2: The podcast goes up shortly after the program's over WHS
36:22
Speaker 2: network dot com. You can find where those podcasts live.
36:26
Speaker 2: Fourth Avenue Financial gif We be found here in downtown Charleston,
36:28
Speaker 2: one seventy Court Street. Their phone number three zer a
36:29
Speaker 2: four seven four six seven done seven seven three zero
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Speaker 2: four seven four six seven nine seven seven is a
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Speaker 2: number to reach John Bredett over at Fourth Avenue Financial
36:38
Speaker 2: at one seventy Court Street online Fourth Avenue Financial dot com. Again,
36:41
Speaker 2: that's Fourth Avenue Financial dot com where you spell out
36:43
Speaker 2: the whole thing and you can like that over on
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Speaker 2: Facebook as well. Three zer a four seven four six
36:47
Speaker 2: seven non seven seven. I guess that's gonna do it
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Speaker 2: for this week, John, think so much for coming in
36:51
Speaker 2: all right, Thank you, take care, Thank you very.
36:53
Speaker 3: Much, John Bredet for Fourth Avenue Financial. I'm del Cooper.
36:55
Speaker 2: Coming up next is gonna be Dave Allen on the
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Speaker 2: Dave Allen Show in five eighty live, followed bout talk
36:59
Speaker 2: Line and then Midday with Amanda Baron and Dave all
37:02
Speaker 2: And I'll be back this afternoon at three oh six
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Speaker 2: with Dave Weekly on Hotline. Thank you so much everybody
37:07
Speaker 2: for tuning in the news is up next. You're listening
37:11
Speaker 2: to five eight w C HS.
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Speaker 8: We are your voice of Charleston, Anty six point five
37:36
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37:38
Speaker 8: w VRC Media Station.
37:42
Speaker 1: We are proud to live here too,