Latest / Ron Verb / Thursday 6pm hour 05/28/26

Transcript

Thursday 6pm hour 05/28/26 · Ron Verb

• 0:00
  Speaker 1: And from NewsRadio 570, WKBN and Ron Furb, 606 here
• 0:05
  Speaker 1: on a gorgeous-looking Thursday evening. We are sitting with 69 Degrees.
• 0:09
  Speaker 1: This is Money Talks. And here is John Arnold. Hello, John.
• 0:16
  Speaker 2: Hey, Ron, how are you today?
• 0:17
  Speaker 1: I am well, and we have some guests on the program,
• 0:22
  Speaker 1: and we'll get to them momentarily. Money Talks is an
• 0:25
  Speaker 1: educational program, obviously, and just before we get to all
• 0:28
  Speaker 1: of that, how's the fund doing?
• 0:31
  Speaker 2: Oh, my God.
• 0:34
  Speaker 3: Unbelievable explosive. So it's our first month getting investors in.
• 0:40
  Speaker 3: Excuse me, they're called LPs, Limited Partners, and at the end,
• 0:45
  Speaker 3: your money's due at the end of every month for
• 0:48
  Speaker 3: it to go into the following month. So, like, in
• 0:50
  Speaker 3: every business and every thing I've been involved in, people
• 0:53
  Speaker 3: wait until the last minute. And now we're rushing around
• 0:56
  Speaker 3: to get, you know, people's funds into the fund last minute,
• 1:02
  Speaker 3: or they've got to wait until July to get the
• 1:04
  Speaker 3: money in. So, in a good way, I have problems
• 1:08
  Speaker 3: that people wish they had where we've got business pouring
• 1:11
  Speaker 3: in like crazy. In a bad way, it's... There's only
• 1:14
  Speaker 3: so much, John, to go around, and the month is
• 1:16
  Speaker 3: going to come to an end here quickly, and there's
• 1:19
  Speaker 3: not a damn thing I can do about it. So
• 1:21
  Speaker 3: we're having a lot of fun, let's just say that.
• 1:23
  Speaker 1: All right, just so we can start out, and we'll
• 1:25
  Speaker 1: get to our guests momentarily, this is something that you've
• 1:28
  Speaker 1: been wanting to do for so many years. People are
• 1:31
  Speaker 1: obviously familiar with John Arnold, and you wanted to form
• 1:35
  Speaker 1: your own hedge fund, your own hedge fund. And that
• 1:38
  Speaker 1: has come to fruition, if you will, where it's 100
• 1:43
  Speaker 1: people that will be in this hedge fund. That's it.
• 1:45
  Speaker 1: It's capped at 100 people. And so there's some criteria.
• 1:49
  Speaker 1: You've got to make $ 200, 000 a year or have, what,
• 1:52
  Speaker 1: a million in assets or something along those lines to
• 1:57
  Speaker 1: get into the hedge funds.
• 2:00
  Speaker 4: Yes.
• 2:00
  Speaker 3: So you have to be what's called an accredited investor
• 2:03
  Speaker 3: is what you're describing.
• 2:04
  Speaker 2: All right.
• 2:05
  Speaker 1: To get into the hedge fund. And once there's 100 investors,
• 2:09
  Speaker 1: that's it. It shuts down.
• 2:12
  Speaker 2: Right.
• 2:12
  Speaker 1: And this is May where people are coming to get researched,
• 2:19
  Speaker 1: if you will, or the criteria to make sure that
• 2:21
  Speaker 1: they qualify to get into the hedge fund. And then
• 2:24
  Speaker 1: it officially opens, I guess you would say, on what's
• 2:27
  Speaker 1: June 1st, right?
• 2:30
  Speaker 3: It actually opened up May 15th, but you had to
• 2:33
  Speaker 3: get the money in before May 31st. Unfortunately, the last
• 2:37
  Speaker 3: day is tomorrow, which is Friday, which I want to
• 2:39
  Speaker 3: say is the 29th, for the money to go in
• 2:41
  Speaker 3: June 1st. So, yeah, in a roundabout way, I'd say
• 2:45
  Speaker 3: June 1st is the first deposit that will actually hit
• 2:49
  Speaker 3: the fund, and we have many. They're going to hit,
• 2:51
  Speaker 3: and then at the end of July, I should be
• 2:54
  Speaker 3: able to give you a pretty good summary of return
• 2:57
  Speaker 3: that's audited, and hopefully it's a good one.
• 3:02
  Speaker 5: Right.
• 3:02
  Speaker 1: So there's criteria for it, the hedge funds, and then
• 3:07
  Speaker 1: you run the hedge funds, and then you will report
• 3:11
  Speaker 1: once a month where the return is, positive or negative,
• 3:16
  Speaker 1: pretty much at the close of that particular month.
• 3:19
  Speaker 2: Yeah, we're going to report what's called the NAV. That's correct.
• 3:23
  Speaker 2: All right.
• 3:24
  Speaker 1: So it's kind of a I don't want to say
• 3:26
  Speaker 1: a dream come true, but it is exactly that for
• 3:29
  Speaker 1: John Arnold with his own hedge fund. And so we'll
• 3:31
  Speaker 1: give you a phone number out how to get a
• 3:33
  Speaker 1: hold if you want to participate in it and a
• 3:34
  Speaker 1: little more details about it. But you have some guests
• 3:37
  Speaker 1: on some of my lines here. Tell me who is
• 3:40
  Speaker 1: joining us on a program tonight as I hook them up.
• 3:43
  Speaker 1: I'll start with Gabe, who's on my first line here.
• 3:46
  Speaker 1: And introduce Gabe to our audience, John.
• 3:48
  Speaker 3: Gabe is an outstanding person who is running the operations
• 3:54
  Speaker 3: for both his own fund and the Vision Fund, and
• 3:58
  Speaker 3: really helped facilitate the, I want to say the funding
• 4:02
  Speaker 3: and the approval process of getting people into the fund.
• 4:07
  Speaker 2: And gave it to him.
• 4:08
  Speaker 3: He has a family, the family man, and he owns
• 4:11
  Speaker 3: various businesses and has, he used to be, maybe still is,
• 4:14
  Speaker 3: he's a financial advisor, or was under Northwestern Medial from
• 4:18
  Speaker 3: back in the day, and just an amazing guy, really intelligent,
• 4:24
  Speaker 3: vibrant guy, good morals and values and really, really has
• 4:29
  Speaker 3: really streamlined the operation process for Vision 2030 because my fund,
• 4:36
  Speaker 3: because I stepped into a cold and I'm really good
• 4:39
  Speaker 3: at investing people's money. I'm really bad at being an
• 4:41
  Speaker 3: operations manager.
• 4:45
  Speaker 1: How did you find Gabe or determine Gabe was the
• 4:47
  Speaker 1: one that you want to have on your team?
• 4:52
  Speaker 3: That is ironically because of the guy on the other
• 4:54
  Speaker 3: end of the line, Edward Scrod, who is a chief
• 4:57
  Speaker 3: technology officer. And he currently works for Microsoft as well.
• 5:02
  Speaker 3: And I'll let him tell you about his position there.
• 5:04
  Speaker 3: But he introduced me to Gabe. So Edward, who we're
• 5:08
  Speaker 3: going to introduce here in a minute, we started Jiu-Jitsu
• 5:12
  Speaker 3: together about six years ago. and he found me both
• 5:17
  Speaker 3: probably great and repulsive.
• 5:18
  Speaker 2: At the same time. We hit it off big.
• 5:23
  Speaker 3: Time as far as personality goes because he's such an
• 5:26
  Speaker 3: intelligent person and just those things on his way, and
• 5:31
  Speaker 3: I love that. But I drove him crazy because I
• 5:34
  Speaker 3: wanted to be the best in the world at jiu-jitsu
• 5:37
  Speaker 3: on my first day in jiu-jitsu, and he couldn't understand
• 5:40
  Speaker 3: why I was so mad. I was so mad at
• 5:42
  Speaker 3: myself for not being good. Being in jiu-jitsu now for
• 5:46
  Speaker 3: how many years, I figured out how crazy that is.
• 5:48
  Speaker 3: But that's how it came together. We just built our family,
• 5:52
  Speaker 3: spent time together. We built a relationship and friendship together.
• 5:55
  Speaker 3: Really value his deep thinking processes. And he introduced me
• 6:00
  Speaker 3: to Steve and Gabe and to the third-party administrator who
• 6:03
  Speaker 3: runs our fund. And because of him, he gave me
• 6:07
  Speaker 3: a direct avenue to launch Vision 2030. So that's how
• 6:11
  Speaker 3: I met Gabe. And the long story is how I
• 6:14
  Speaker 3: met Edward.
• 6:15
  Speaker 1: And Edward's role is what in the Vision 2030 fund?
• 6:19
  Speaker 3: He's my operation, excuse me, he'd be a technology officer
• 6:23
  Speaker 3: making sure that the website, LinkedIn, all those things that
• 6:28
  Speaker 3: would synchronize and advertise and market the fund, go right,
• 6:33
  Speaker 3: help copyright some of the literature, and team up with,
• 6:37
  Speaker 3: he's also very good at investing money, help us with,
• 6:42
  Speaker 3: me and Steve invest the money in the fund as well.
• 6:44
  Speaker 1: All right, so let me bring all of those guys
• 6:48
  Speaker 1: on board here, and I should have Edward. So Edward,
• 6:52
  Speaker 1: we'll start with you tonight, so then you're kind of
• 6:54
  Speaker 1: responsible for bringing a team together or recommending people to
• 6:59
  Speaker 1: join John, correct?
• 7:01
  Speaker 6: Yes.
• 7:01
  Speaker 5: Hey, so first of all, thanks so much for having
• 7:04
  Speaker 5: me on. I'm really excited about the Vision 2030 Fund,
• 7:08
  Speaker 5: and I really appreciate coming on the show with you tonight. Ron,
• 7:13
  Speaker 5: it's a pleasure to meet you. And, John, it's so
• 7:15
  Speaker 5: cool to talk to you here over the airwaves.
• 7:18
  Speaker 2: Yeah.
• 7:18
  Speaker 5: So, yeah, I see myself as someone who's just really
• 7:23
  Speaker 5: good at, you know, connecting people. And, you know, when
• 7:28
  Speaker 5: I met John and I sort of developed a relationship
• 7:31
  Speaker 5: with John over the years, I knew that John was
• 7:34
  Speaker 5: somebody that, you know, would be great to partner with.
• 7:39
  Speaker 5: him to my, my very best friends, Gabe and Steve
• 7:42
  Speaker 5: that I've known for almost 30 plus years, you know,
• 7:46
  Speaker 5: 30 years now. Um, so it was a really a
• 7:49
  Speaker 5: natural fit, you know, John's a type type a guy and, um,
• 7:53
  Speaker 5: just a really great, um, really great fit.
• 7:56
  Speaker 2: So.
• 7:57
  Speaker 1: All right. So then you, so then when you're fun,
• 8:00
  Speaker 1: when you're starting this vision 2030, you have to, obviously
• 8:04
  Speaker 1: you say, okay, Gabe is a guy to kind of get, uh,
• 8:08
  Speaker 1: get things in line. Is that fair to say, Edward?
• 8:11
  Speaker 2: Yeah.
• 8:12
  Speaker 5: I mean, Gabe's the operations guy. So he's really great
• 8:16
  Speaker 5: with compliance, really great with operations. And I've known him forever.
• 8:22
  Speaker 5: I think I was 13 years old when I met him.
• 8:24
  Speaker 5: He's a stand-up guy. So he's a natural fit.
• 8:28
  Speaker 2: Right.
• 8:29
  Speaker 1: And Gabe, welcome to the program. So you're the guy
• 8:31
  Speaker 1: that causes all the headaches and gets all the headaches, right?
• 8:36
  Speaker 2: It's funny, as I'm hearing this introduction, I'm like, is
• 8:39
  Speaker 2: that me, really? I'm so good at the thing I
• 8:44
  Speaker 2: hate the most, which is the paperwork, the compliance. And
• 8:49
  Speaker 2: this is, I think I'm the yin to John's yang,
• 8:52
  Speaker 2: because I know he hates it more than me. But
• 8:56
  Speaker 2: you know you get shoved in a position, sort of,
• 9:00
  Speaker 2: of what you do best. And it just finds you.
• 9:02
  Speaker 2: And I'm really, really good at onboarding people. I'm really
• 9:05
  Speaker 2: good at making sure that everything is compliant. I'm really
• 9:07
  Speaker 2: good at the paperwork side of it with the SEC
• 9:10
  Speaker 2: and all the states. I mean, every state that we
• 9:12
  Speaker 2: have a person from, I've got to file more paperwork with.
• 9:16
  Speaker 2: And I've got to do it all the time. It's constant.
• 9:18
  Speaker 2: So everybody hates paperwork, and I do too, but I'm
• 9:21
  Speaker 2: really very good at doing it. If you don't mind,
• 9:25
  Speaker 2: just remind me of a story. I'm going to tell
• 9:27
  Speaker 2: a really quick story.
• 9:27
  Speaker 1: Okay.
• 9:29
  Speaker 2: When I was at Northwestern, of course, I can't be
• 9:31
  Speaker 2: there anymore and manage hedge funds. They frown upon that.
• 9:34
  Speaker 2: But when I was at Northwestern, I was the guy
• 9:36
  Speaker 2: that got audited internally every quarter. Every quarter, I was
• 9:40
  Speaker 2: dragged down to the compliance officer's office, and we went
• 9:43
  Speaker 2: through all my books. And I could never figure out
• 9:46
  Speaker 2: why I was the one constantly getting sent down there.
• 9:50
  Speaker 2: And it dawned on me one day, it's because I never, ever,
• 9:53
  Speaker 2: ever had anything out of place. Everything was always super compliant.
• 9:56
  Speaker 2: I was confessing all my sins to this guy. And, uh,
• 10:00
  Speaker 2: they sent me there because they knew I would pass.
• 10:02
  Speaker 2: They weren't so sure about everybody else in the office.
• 10:06
  Speaker 2: When I noticed that about myself, I was like, oh,
• 10:08
  Speaker 2: I'm the right guy for this job. I just, like
• 10:11
  Speaker 2: everyone else, hate paperwork.
• 10:13
  Speaker 4: Right.
• 10:13
  Speaker 1: So you do the compliance. Edward brings you into the mix.
• 10:20
  Speaker 1: You bring in, then Steve comes into the mix. We
• 10:24
  Speaker 1: had him on a program last week, and Steve's kind
• 10:27
  Speaker 1: of an investment guru type guy, correct?
• 10:31
  Speaker 2: So it's great. We all love investing. That is our
• 10:37
  Speaker 2: ultimate passion. If I could just play in the stock
• 10:39
  Speaker 2: market all day, same with Edward. But Steve, he's a magician.
• 10:44
  Speaker 2: He's a magician. The things he pulls off, I still
• 10:47
  Speaker 2: can't understand it, how good he is at this.
• 10:51
  Speaker 1: Yeah, I was talking to him last week about just
• 10:54
  Speaker 1: the inflation and the economy and oil prices and the
• 10:59
  Speaker 1: uncertainty and volatility that's going on. And he gave such
• 11:03
  Speaker 1: a great explanation of some of the sectors that– He
• 11:09
  Speaker 1: likes and talked a little bit about how those things, well,
• 11:14
  Speaker 1: they don't necessarily always affect every sector, if you will,
• 11:19
  Speaker 1: oil prices and things along those lines. Fascinating take he has,
• 11:23
  Speaker 1: including some of the whatever stock might be a high-priced stock,
• 11:27
  Speaker 1: but there might be a reason why it's high-priced, because
• 11:29
  Speaker 1: you never know when to get in or get out.
• 11:34
  Speaker 1: Just a thought. I mean, Steve's a very impressive guy
• 11:38
  Speaker 1: when we had him on the program. Very much so.
• 11:43
  Speaker 1: Very much so. So, John, you and Steve ultimately do
• 11:48
  Speaker 1: most of the decision-making as far as the investing of
• 11:51
  Speaker 1: the fund is concerned.
• 11:53
  Speaker 5: Accurate?
• 11:54
  Speaker 2: Yeah. Yeah, accurate.
• 11:55
  Speaker 3: The needle points a little bit more to Steve. To
• 11:59
  Speaker 3: be frank, I.
• 12:00
  Speaker 2: Think I'm really good. That's the truth. I'm not bashful.
• 12:04
  Speaker 2: Steve's better than me.
• 12:06
  Speaker 3: And if I can provide 60 to 70% Steve and 30% John,
• 12:11
  Speaker 3: for me it's about the limited partners, the clients, and
• 12:15
  Speaker 3: as most people know, I don't care if it's the
• 12:18
  Speaker 3: janitor picking the stocks and making us win. All I
• 12:20
  Speaker 3: care about is that we win. And the two other
• 12:23
  Speaker 3: guys in this phone believe in that full-heartedly.
• 12:27
  Speaker 1: There's no ego in it.
• 12:28
  Speaker 2: All I want to do is perform.
• 12:29
  Speaker 3: So Steve's going to help us perform better, and we'll
• 12:33
  Speaker 3: take a little bit lesser role in the decision-making on
• 12:37
  Speaker 3: the investments to do that.
• 12:38
  Speaker 1: What are you guys' thoughts? I mean, if you had
• 12:41
  Speaker 1: to say what time to pick to start a hedge fund,
• 12:46
  Speaker 1: I'm not so sure. There's so much uncertainty in the
• 12:49
  Speaker 1: world right now and volatility in the markets today. I mean,
• 12:54
  Speaker 1: don't you sometimes say, boy, maybe it would have been
• 12:56
  Speaker 1: a better time to start it when things were a
• 12:58
  Speaker 1: little calmer? What's your thoughts about all of that?
• 13:01
  Speaker 2: That's funny. That's a good, I mean, I like that
• 13:06
  Speaker 2: thought process, but mine is just the opposite. I'm like,
• 13:09
  Speaker 2: if this is where we want it, where you want
• 13:11
  Speaker 2: actual stock pickers out there instead of, and as a
• 13:14
  Speaker 2: former financial advisor, I would just shove people in these
• 13:16
  Speaker 2: portfolios and let it ride for 20 years. this is
• 13:20
  Speaker 2: the time that you want a stock picker. This is
• 13:22
  Speaker 2: the time you want someone who is very, very skilled
• 13:26
  Speaker 2: at getting you in the right thing to the right time. Um,
• 13:29
  Speaker 2: there's a lot of money to be made right now.
• 13:31
  Speaker 2: And there's a lot of money to be lost if
• 13:32
  Speaker 2: you don't know what you're doing. Um, so it's perfect,
• 13:35
  Speaker 2: perfect timing for it. And that's what our clients are
• 13:38
  Speaker 2: telling us too, right? They all, they're sick of their
• 13:40
  Speaker 2: financial advisor, getting them 5%, 10% returns in a year. Um,
• 13:45
  Speaker 2: and a year like this too, it might be negative
• 13:47
  Speaker 2: by the time we're done with this year. Who knows? Um,
• 13:50
  Speaker 2: But they want that 50%, 70%, 100% return, and they're
• 13:55
  Speaker 2: willing to take the risk with it.
• 13:58
  Speaker 1: Right, if possible, because it could be positive, could be negative, right, John?
• 14:03
  Speaker 2: Yeah.
• 14:04
  Speaker 3: Yeah, I'm glad you pivoted back to me because that's
• 14:07
  Speaker 3: exactly what I was thinking. Let me tell you something.
• 14:10
  Speaker 3: It would be very hard to get the kind of
• 14:12
  Speaker 3: returns that I've received, that I've gotten over the past
• 14:15
  Speaker 3: two months without volatility. You look at Micron, which is
• 14:19
  Speaker 3: MU or WDC, and just Micron was down 120 points
• 14:24
  Speaker 3: just two days ago, and now it's up 120 points
• 14:28
  Speaker 3: off that.
• 14:29
  Speaker 2: And I want to say four months ago, and don't
• 14:31
  Speaker 2: pull me this, it was like in the high 300s.
• 14:34
  Speaker 2: Now it's 920.
• 14:36
  Speaker 3: If you don't think I've made a lot of money,
• 14:37
  Speaker 3: when I say a lot of money, I mean like
• 14:39
  Speaker 3: ridiculous money along the way. I didn't make it because
• 14:43
  Speaker 3: it went straight up.
• 14:43
  Speaker 2: I make it.
• 14:44
  Speaker 3: Because there was ridiculous pullbacks. and based on what I
• 14:49
  Speaker 3: follow technical analysis-wise plus a little bit of fundamental, I
• 14:53
  Speaker 3: was like, wow, I have to buy this thing. The
• 14:56
  Speaker 3: same thing with WDC and Planet Labs and all of
• 15:01
  Speaker 3: the other things that I've made a ton of money
• 15:04
  Speaker 3: on with pullbacks. When things go straight up.
• 15:06
  Speaker 2: They're not volatile.
• 15:09
  Speaker 3: You know, to tell you the truth, like Gabe was
• 15:11
  Speaker 3: pointing out, me, I manage money, but the majority of
• 15:14
  Speaker 3: the investment people I competed with put them inside and
• 15:17
  Speaker 3: forget its stuff, everybody's winning. Everybody's making money. And so
• 15:22
  Speaker 3: if one guy is making you 16% by managing money
• 15:24
  Speaker 3: and the other guy is making you 12%, 4% is
• 15:27
  Speaker 3: going to make you change advisors.
• 15:29
  Speaker 2: That's just the way it goes. People like the devil
• 15:32
  Speaker 2: they know.
• 15:34
  Speaker 3: And something that Gabe alluded to just now was, you know,
• 15:37
  Speaker 3: people are sick of the same old BS. If you're
• 15:41
  Speaker 3: a credit investor, that means you've got a couple bucks.
• 15:43
  Speaker 3: You're wanting that edgy, like, If you're going to take
• 15:46
  Speaker 3: a risk, you want that return in everybody. You hear
• 15:49
  Speaker 3: about the actors and the singers and the high-net-worth people getting.
• 15:54
  Speaker 3: High-net-worth people don't go into Growth Fund of America and
• 15:58
  Speaker 3: Bounce of America and, you know, XY and, I don't know,
• 16:02
  Speaker 3: call it First Energy. They want that maybe for maybe
• 16:06
  Speaker 3: long-term IRA. But for cutting-edge stuff.
• 16:09
  Speaker 2: They want a fund.
• 16:10
  Speaker 3: They want to be in their own fund. and they
• 16:14
  Speaker 3: want to put their eyes to somebody who's calling the shots,
• 16:18
  Speaker 3: which are me, Steve, Gabe, and Edward, and these are
• 16:22
  Speaker 3: the guys making the money, these are the guys that
• 16:23
  Speaker 3: could potentially lose the money, but they're getting cutting-edge results,
• 16:27
  Speaker 3: and I think spinning back to what Gabe was saying,
• 16:31
  Speaker 3: that's what it's about. Ed, do you have anything to
• 16:34
  Speaker 3: elaborate on there?
• 16:36
  Speaker 5: Yeah, I just think that volatility really equals opportunity, right?
• 16:41
  Speaker 5: Because You know, we're looking for stocks that we believe
• 16:44
  Speaker 5: are going to make, you know, rapid movements in one
• 16:47
  Speaker 5: direction or the other. And, you know, we're looking for
• 16:50
  Speaker 5: technical setups. And we're taking them with as little risk
• 16:55
  Speaker 5: as we possibly can, whether the market's going up or down.
• 16:58
  Speaker 5: If the market's flat, then, you know, there's not a
• 17:01
  Speaker 5: whole lot to do. But when the market's moving in
• 17:04
  Speaker 5: either direction, we have opportunity.
• 17:06
  Speaker 2: In my opinion.
• 17:07
  Speaker 5: And that's the kind of opportunity that Steven really thrives for.
• 17:12
  Speaker 1: And so go ahead, John, go ahead.
• 17:15
  Speaker 2: Well, and if Ed has liberty to talk about it,
• 17:18
  Speaker 2: obviously I don't use your dad's last name. His dad's
• 17:20
  Speaker 2: an amazing guy, but I just unbelievable. It's all the earth,
• 17:23
  Speaker 2: but I would love you to, I'd love for you
• 17:26
  Speaker 2: to tell the story about how you got your dad
• 17:28
  Speaker 2: out of a BS index annuity and turn his portfolio around. Edward,
• 17:31
  Speaker 2: if you are comfortable talking about.
• 17:33
  Speaker 1: That, I would love to hear myself.
• 17:35
  Speaker 2: Oh, sure. Yeah. This is a great story.
• 17:37
  Speaker 5: So, um, You know, my mother and father were invested with,
• 17:42
  Speaker 5: you know, one of these typical investment advisory agencies. You know,
• 17:47
  Speaker 5: the ones that they, you know, put you in something
• 17:50
  Speaker 5: and they set you there for 10 years and don't
• 17:52
  Speaker 5: look at it again. And 2008 happened. Portfolios were down 80%,
• 17:57
  Speaker 5: I think is what it was. And they sold at
• 18:00
  Speaker 5: the bottom.
• 18:02
  Speaker 1: Oh, my gosh.
• 18:02
  Speaker 6: They were so shell-shocked that..
• 18:05
  Speaker 5: At 50 years old, my father basically was talked into
• 18:09
  Speaker 5: buying an annuity. It was one of these annuities that
• 18:13
  Speaker 5: you paid into, and after some period of time, it
• 18:16
  Speaker 5: would lock an income, and then it would pay out,
• 18:20
  Speaker 5: I don't know what it was, $ 500, $ 600 a month
• 18:22
  Speaker 5: or something like that. Imagine.
• 18:25
  Speaker 6: So, I mean, they had saved their entire lives.
• 18:28
  Speaker 2: Watched $ 800, 000 evaporate overnight, and.
• 18:33
  Speaker 5: And then they got put into some annuity where they
• 18:35
  Speaker 5: were going to make almost peanuts. So a couple of
• 18:39
  Speaker 5: years ago, um, you know, at this point I'd been, uh,
• 18:42
  Speaker 5: doing some of my own investing and really learning, you know,
• 18:46
  Speaker 5: the ins and outs of, of the market. And, uh,
• 18:50
  Speaker 5: I basically, you know, talked to the advisor and said,
• 18:52
  Speaker 5: how do we get him out of here?
• 18:53
  Speaker 2: Right.
• 18:53
  Speaker 5: So he had already got to the point where we
• 18:56
  Speaker 5: were able to just pull him out. Um, and, uh,
• 18:59
  Speaker 5: and that's what I did. I took him out and, uh,
• 19:03
  Speaker 5: I've seen a 200% return since then. So, you know,
• 19:07
  Speaker 5: I took, you know, what, what was, uh, uh, a
• 19:10
  Speaker 5: pretty bad situation, I would say that, that he got
• 19:13
  Speaker 5: himself into and, um, you know, help get him to
• 19:16
  Speaker 5: the point where he can, you know, actually, uh, you know,
• 19:20
  Speaker 5: earn a little bit more money on a month to
• 19:21
  Speaker 5: month basis. And, you know, I manage his portfolio now
• 19:24
  Speaker 5: going forward. Um, and you know, thank goodness I'm able.
• 19:28
  Speaker 7: To do that.
• 19:30
  Speaker 1: Um, So, yeah, thanks.
• 19:31
  Speaker 2: Well, you're being modest, but you really changed your dad's life.
• 19:34
  Speaker 2: I remember, wasn't that index annuity by.
• 19:37
  Speaker 3: The time your dad had kind of dwindled it down,
• 19:40
  Speaker 3: I want to say in like $ 100, 000 to $ 200, 000 mark?
• 19:44
  Speaker 3: and then you grow it to somewhere like.
• 19:46
  Speaker 2: $ 600, 000? Yes. Yeah. Yeah.
• 19:50
  Speaker 3: So that is just– so when I was talking about Edward,
• 19:53
  Speaker 3: he's not just a CTO. He's just not a guy
• 19:56
  Speaker 3: that's a developer at Microsoft. He is an excellent money
• 20:00
  Speaker 3: manager as well.
• 20:02
  Speaker 2: And so we really– and then he gave us this stuff.
• 20:05
  Speaker 2: So it's really a four heads better than one scenario.
• 20:09
  Speaker 2: when it comes to.
• 20:10
  Speaker 3: Strategizing and making the funds, because they have, by the way,
• 20:13
  Speaker 3: they have their own successful fund, making it work. So
• 20:17
  Speaker 3: it's just, again, it comes down to this. Are we
• 20:20
  Speaker 3: going to perform for the limited partners? And I'm smart
• 20:24
  Speaker 3: enough to know that I don't know it all. And
• 20:26
  Speaker 3: if I can bring in Edward and Gabe and Steve
• 20:28
  Speaker 3: to help me do it with this superstar, like, you know, crazy,
• 20:33
  Speaker 3: intelligent money manager and Steve, everybody's.
• 20:37
  Speaker 2: Going to win. And that's what I'm all about.
• 20:39
  Speaker 1: The idea that these guys were talking about, John, the
• 20:41
  Speaker 1: set it and forget it, is where, okay, we're going
• 20:45
  Speaker 1: to put you in this fund, and then I'm going
• 20:46
  Speaker 1: to pursue going out and finding new investors or additional
• 20:49
  Speaker 1: money for whatever investment firm you're with. Really, I don't
• 20:54
  Speaker 1: know if that's very fair to the client. And then
• 20:59
  Speaker 1: where's the wealth preservation if the market's up and you're
• 21:01
  Speaker 1: concerned about the market going down? I mean, look at
• 21:04
  Speaker 1: what happened to his father when you look at something
• 21:07
  Speaker 1: like that and you say to yourself, well, wait a minute,
• 21:09
  Speaker 1: what am I paying all this commission for if no
• 21:13
  Speaker 1: one's paying attention, if you will? I mean— You understand why?
• 21:17
  Speaker 2: Yeah. You know, it's scary. The advisor, his advisor probably
• 21:22
  Speaker 2: should have stopped them from making the knee-jerk reaction, right?
• 21:26
  Speaker 2: A good advisor would say, hey, listen. We were all
• 21:29
  Speaker 2: hit by this. The whole market's down. I'm not that good.
• 21:32
  Speaker 2: I'm sorry. But, you know, stay with it. Do not
• 21:35
  Speaker 2: pull your money out. Do not put in an indexed annuity.
• 21:39
  Speaker 2: I mean, those are dirty words. As much so, I
• 21:44
  Speaker 2: have never and I would never sell one. I don't
• 21:46
  Speaker 2: care what the commission is. I'm sure there's listeners out
• 21:49
  Speaker 2: there who are losing their minds right now that are
• 21:51
  Speaker 2: selling these things. But they're at the dirty word. And
• 21:53
  Speaker 2: I think it's somewhat criminal to sell an indexed annuity
• 21:57
  Speaker 2: to someone who just lost money. 80% of their... But
• 22:01
  Speaker 2: they're striking while the iron's hot, right? While the iron
• 22:03
  Speaker 2: was hot, they knew these guys were emotional, and they
• 22:05
  Speaker 2: took advantage of them.
• 22:06
  Speaker 1: Yeah, they're engaging fear, yep. But as I'm sitting here,
• 22:11
  Speaker 1: and I'm taking it all in, but why would you
• 22:13
  Speaker 1: sell low? Why would you bail at the time when
• 22:16
  Speaker 1: it's down? You would think he would have got better feedback,
• 22:19
  Speaker 1: as you said, from his investment advisor at that time
• 22:23
  Speaker 1: about not just an indexed annuity, but by selling out
• 22:26
  Speaker 1: at that particular time. But there's often that fear factor.
• 22:29
  Speaker 1: Hang on, gentlemen. This is an absolutely fascinating discussion. I'm
• 22:33
  Speaker 1: going to put you guys on hold for just one
• 22:36
  Speaker 1: second here, and I'll come back. John Arnold will continue
• 22:40
  Speaker 1: our discussion. I'm telling you, these are some interesting folks.
• 22:45
  Speaker 1: And some great stories. We'll come right back. From NewsRadio 570, WKBN.
• 22:49
  Speaker 1: And John Arntz with us tonight. And Edward and Gabe
• 22:54
  Speaker 1: is on my other lines here. I just want to
• 22:56
  Speaker 1: get them all set back up with us tonight. And
• 23:00
  Speaker 1: we should all be back together. I want to bounce
• 23:03
  Speaker 1: this off of the guys, John, before I turn it
• 23:05
  Speaker 1: back over to you. And I'm just curious your reaction
• 23:08
  Speaker 1: to this, guys. When we talk about uncertainty and when
• 23:11
  Speaker 1: we talk about investing. And in the times that are
• 23:15
  Speaker 1: going on, I look around and, you know, there's going
• 23:18
  Speaker 1: to be a deal. There's not going to be a deal.
• 23:21
  Speaker 1: There's how many times, five times we've heard there's going
• 23:24
  Speaker 1: to be a deal with this situation in Iran and
• 23:26
  Speaker 1: there's no deal. See a ceasefire is going on and
• 23:29
  Speaker 1: who knows where this is all going. We hear about
• 23:32
  Speaker 1: oil draining some of our strategic oil reserves and the
• 23:36
  Speaker 1: price of oil is really kept down by our oil reserves.
• 23:40
  Speaker 1: And it's actually much higher than it is. We don't
• 23:43
  Speaker 1: know when this is going to conclude or there might
• 23:45
  Speaker 1: be no end in sight. And inflation is coming back
• 23:49
  Speaker 1: and maybe even some interest rate hikes a possibility instead
• 23:53
  Speaker 1: of interest rate cuts. And in second quarter inflation, I
• 23:56
  Speaker 1: was reading some of the folks were saying could be 6%.
• 24:00
  Speaker 1: I mean, I'm looking around, I'm reading the news, tariffs on,
• 24:03
  Speaker 1: tariffs off and seeing what the market does. These are genuinely,
• 24:08
  Speaker 1: as I said when we started, some very uncertain times
• 24:12
  Speaker 1: in so many arenas. So many investors have to be
• 24:16
  Speaker 1: very busy, have to be very concerned about where we're
• 24:21
  Speaker 1: heading economically. You know, if we get inflation, you only
• 24:24
  Speaker 1: got so much money to spend, and you got to
• 24:26
  Speaker 1: make cuts someplace where a consumer-driven economy, that's got to hurt.
• 24:31
  Speaker 1: Given that whole ball of wax, I'm just curious. your
• 24:34
  Speaker 1: insight into that. I'll start with you, Ed.
• 24:38
  Speaker 5: Yeah, hey, thanks.
• 24:40
  Speaker 6: Not to mention that, you know, the federal.
• 24:43
  Speaker 5: Right, they are really cued into the interest rate, and
• 24:46
  Speaker 5: if the interest rates are too high, you know, then
• 24:48
  Speaker 5: they can't lower rates, right? And so then that affects everything.
• 24:51
  Speaker 5: That affects all asset classes. You know, something that Steve
• 24:55
  Speaker 5: and that I've learned from Steve, really, is that, you know,
• 24:59
  Speaker 5: technical analysis is, um, the, the price action of a,
• 25:03
  Speaker 5: of a particular stock or an index, um, the amount
• 25:06
  Speaker 5: of volume, right. Uh, of that stock that's being.
• 25:08
  Speaker 6: Traded really in our mind, Trump's almost.
• 25:12
  Speaker 5: Everything because we have imperfect information. We're just, you know,
• 25:16
  Speaker 5: a couple of, you know, random guys from South Florida. Um,
• 25:20
  Speaker 5: we're not connected to anybody in, in, in Washington or
• 25:23
  Speaker 5: anywhere else. And so we're getting our news, you know,
• 25:26
  Speaker 5: basically we're consuming news. Um, And it's imperfect, right? Sometimes
• 25:31
  Speaker 5: it's just blatantly false. And so what we try to
• 25:35
  Speaker 5: do is just look at the price action of these stocks.
• 25:39
  Speaker 5: And that determines really whether or not these things are
• 25:42
  Speaker 5: a buy or a sell.
• 25:44
  Speaker 6: Because I can get my head wrapped around fundamental.
• 25:47
  Speaker 5: Analysis and inflation stats and all this kind of stuff.
• 25:51
  Speaker 5: And I'll just get lost. And so really, in stock trading,
• 25:57
  Speaker 5: they talk about the tape. What does the tape tell
• 25:59
  Speaker 5: you right now?
• 26:00
  Speaker 6: And so I know I pay attention to.
• 26:03
  Speaker 5: It, Steve. I mean, that's what we're looking at. We're
• 26:05
  Speaker 5: looking at the tape every single day. We're taking trades
• 26:09
  Speaker 5: based on setups in the market for leading stocks that
• 26:14
  Speaker 5: we think are going to have explosive moves. And we're
• 26:17
  Speaker 5: taking very, very, very small amounts of risk. And we're
• 26:22
  Speaker 5: out of these trades immediately if they're not setting up
• 26:24
  Speaker 5: and they're not working.
• 26:25
  Speaker 2: Out the way that we want.
• 26:26
  Speaker 5: And again, it's because we have imperfect information.
• 26:30
  Speaker 1: So I'm not saying you're operating in a bubble, but
• 26:34
  Speaker 1: to a certain extent, those outside influences are not a
• 26:40
  Speaker 1: huge factor in determining whether or not this is a
• 26:42
  Speaker 1: good buy or the time to sell when you're doing
• 26:46
  Speaker 1: the technical analysis. Is that a fair statement?
• 26:50
  Speaker 2: Yeah, I would say.
• 26:51
  Speaker 6: I mean, so, you know, we are obviously looking.
• 26:53
  Speaker 5: For stocks that, you know, have high relative strength, great growth,
• 26:59
  Speaker 5: you know, that kind of thing. We're not dealing with
• 27:01
  Speaker 5: penny stocks or stocks that are in decline.
• 27:03
  Speaker 6: You know, we're looking at, you know, leading stocks, right?
• 27:07
  Speaker 6: But again, we just have imperfect information.
• 27:09
  Speaker 5: And so we are sort of in a bubble in
• 27:12
  Speaker 5: a sense.
• 27:13
  Speaker 6: And we're just paying attention to that tape. The tape
• 27:15
  Speaker 6: tells all.
• 27:16
  Speaker 4: Right.
• 27:17
  Speaker 1: Do you ever get concerned over saying, Boy, it's really high-priced.
• 27:21
  Speaker 1: Is there any room for growth before you make that
• 27:24
  Speaker 1: decision to buy into it? I mean, I can speculate
• 27:27
  Speaker 1: in my own head. Some of the names that you're
• 27:29
  Speaker 1: talking about in some of the tech sectors, there's some
• 27:32
  Speaker 1: high-priced stock, and some people say, well, it's too high-priced
• 27:36
  Speaker 1: or it's too overpriced. What are your thoughts?
• 27:40
  Speaker 6: I mean, it's funny. When a stock breaks out to
• 27:43
  Speaker 6: new all-time highs, there's no overhead resistance. So imagine that
• 27:48
  Speaker 6: you have a stock that just sold off, right? So
• 27:50
  Speaker 6: it made a new all-time high.
• 27:51
  Speaker 2: It sold off.
• 27:52
  Speaker 5: It's down 30%. There's a lot of people that got.
• 27:55
  Speaker 2: Caught at the top.
• 27:56
  Speaker 6: And so now as we're climbing that wall of worry again,
• 27:59
  Speaker 6: we're starting to make moves higher in that stock, you've
• 28:03
  Speaker 6: got people that were trapped that are saying to themselves, gosh,
• 28:06
  Speaker 6: I just want to break even. I bought at 95,
• 28:08
  Speaker 6: and okay, it's at 95.
• 28:10
  Speaker 5: I'm just getting out. And so you have a lot
• 28:13
  Speaker 5: of selling pressure. as that stock is climbing that wall
• 28:16
  Speaker 5: of worry again and looking to break out to all-time highs.
• 28:20
  Speaker 5: But when that.
• 28:20
  Speaker 6: Stock hits all-time highs, you've got nothing but net at
• 28:24
  Speaker 6: that point, nothing but air ahead of you, right? And
• 28:26
  Speaker 6: so stocks that double tend to double again. Stocks that
• 28:30
  Speaker 6: are hitting all-time highs tend to continue to.
• 28:32
  Speaker 5: Hit all-time highs. And so we just roll with it.
• 28:35
  Speaker 2: We just go with it.
• 28:37
  Speaker 6: I'm not looking at these stocks saying, well, I don't know,
• 28:39
  Speaker 6: it's too high right now.
• 28:41
  Speaker 1: No.
• 28:42
  Speaker 6: In fact... In a lot of cases, these are better buys, right?
• 28:47
  Speaker 6: Because there's no overhead resistance whatsoever.
• 28:52
  Speaker 1: That is just fascinating, don't you think, John? I mean,
• 28:54
  Speaker 1: that is absolute, I think, a great insight into him.
• 28:59
  Speaker 1: I just think the insight is interesting.
• 29:03
  Speaker 2: He's speaking a language that you and I have been
• 29:05
  Speaker 2: speaking since 2002 on the radio, so..
• 29:08
  Speaker 3: He's probably describing it a little bit more eloquently.
• 29:12
  Speaker 2: Than I usually do because he's that type of guy.
• 29:17
  Speaker 1: Well, these guys have used some things that you've said
• 29:20
  Speaker 1: over the years. Technical analysis, which you and I have
• 29:24
  Speaker 1: talked about over the years, and they share a hatred
• 29:27
  Speaker 1: of annuities. I mean, we've done an entire broadcast where,
• 29:35
  Speaker 1: as I would say to these guys, listen, I understand
• 29:37
  Speaker 1: you guys are real smart and all this kind of stuff.
• 29:40
  Speaker 1: But for Joe Bag of Donuts, when some guy tells you, well,
• 29:43
  Speaker 1: I'm going to put you into an annuity, in too
• 29:45
  Speaker 1: many cases, and I'm not talking about your dad, but
• 29:48
  Speaker 1: it could be the case, Edward, where you're afraid to ask,
• 29:51
  Speaker 1: what the hell is an annuity? And, uh, cause there's,
• 29:56
  Speaker 1: you really don't know what it is and how many
• 29:58
  Speaker 1: times do we get people investing in something that they
• 30:00
  Speaker 1: don't even understand what the investment is. Uh, and, and
• 30:05
  Speaker 1: ultimately John tries to explain on an entire broadcast why
• 30:09
  Speaker 1: you hate annuities, John, and how they're the guy selling
• 30:13
  Speaker 1: it to you is making all the commission. And the
• 30:15
  Speaker 1: client is usually not getting the best.
• 30:17
  Speaker 2: End of the deal.
• 30:19
  Speaker 7: Yeah.
• 30:19
  Speaker 3: The client's getting their own money back is what's happening. And,
• 30:21
  Speaker 3: in exchange for giving insurance company and insurance salesperson a
• 30:24
  Speaker 3: ton of money. But listen, I can tell you, this
• 30:28
  Speaker 3: is a great way to turn the conversation back over
• 30:30
  Speaker 3: to Gabe, because Gabe was right there with me. My
• 30:33
  Speaker 3: first two brokerage houses were MetLife and New York Life.
• 30:37
  Speaker 3: And Gabe can testify that they basically firehosed us with
• 30:42
  Speaker 3: life insurance annuities and mutual funds. And if he didn't
• 30:46
  Speaker 3: sell those with life insurance being number one, you're kind
• 30:49
  Speaker 3: of a scumbag. They almost made you feel stupid. And
• 30:52
  Speaker 3: you lived in this like cloud for so many, as
• 30:56
  Speaker 3: long as you remain with them, like that Northwestern Mutual
• 30:59
  Speaker 3: or New York Life or they're the only game in
• 31:01
  Speaker 3: town and they're a mutually owned company and they're so
• 31:04
  Speaker 3: powerful and only stupid people will not.
• 31:06
  Speaker 2: Invest in this. And then you kind of get out
• 31:09
  Speaker 2: of the forest and be like, wait a minute, there's
• 31:11
  Speaker 2: a whole new world that's like way better than this.
• 31:14
  Speaker 2: And those guys are just selling you a bunch of BS. God,
• 31:16
  Speaker 2: I wish you could say the real world. But the
• 31:18
  Speaker 2: truth is, is Gabe lived that life, and he could
• 31:21
  Speaker 2: testify to what you're saying, that, yeah, they absolutely brainwash
• 31:25
  Speaker 2: you as an agent, and they make you almost feel
• 31:27
  Speaker 2: like an idiot, almost like not part of the popular
• 31:30
  Speaker 2: crowd as a kid if you're not selling life insurance
• 31:32
  Speaker 2: and annuities and you belong to one of those three
• 31:35
  Speaker 2: or four, like, insurance groups. And I'm just going to
• 31:38
  Speaker 2: tell you, on a scale of one to ten, ten
• 31:40
  Speaker 2: being the best place you can invest and one being
• 31:41
  Speaker 2: the worst, they're like at a minus ten. So that's
• 31:44
  Speaker 2: where that stands.
• 31:46
  Speaker 1: All right. We're talking money talks. John Arnold tonight, NewsRadio
• 31:50
  Speaker 1: 570 WKBN. As we go along, John, I want you
• 31:54
  Speaker 1: to talk at this point. I'll just let those guys
• 31:57
  Speaker 1: pause for just a second. I want you to talk
• 31:59
  Speaker 1: about the criteria for people to get into your hedge
• 32:01
  Speaker 1: fund so that people who didn't hear us last week
• 32:04
  Speaker 1: or haven't heard us because the window is open now.
• 32:08
  Speaker 1: Once you hit 100 clients or I forget the term
• 32:12
  Speaker 1: you use in your hedge fund, then it's closed. but
• 32:16
  Speaker 1: there's criteria to get into this hedge fund and give
• 32:21
  Speaker 1: me a phone number on people that are interested in
• 32:24
  Speaker 1: and talk just a little bit from your perspective when
• 32:27
  Speaker 1: you put the money in and how it's managed and,
• 32:30
  Speaker 1: and how you report back to the clients.
• 32:34
  Speaker 2: Yeah. Okay.
• 32:36
  Speaker 3: There's three criteria. You can do one of the three.
• 32:39
  Speaker 2: The easiest one.
• 32:40
  Speaker 3: Is if you can just initially put in $ 200.
• 32:42
  Speaker 2: 000 and You're accredited. You are proven.
• 32:47
  Speaker 3: No questions asked. Number two, if you can show two
• 32:51
  Speaker 3: prior years, prior years, not one, not two, but two
• 32:54
  Speaker 3: prior years of income over.
• 32:57
  Speaker 2: $ 200, 000.
• 32:58
  Speaker 3: A year, you're accredited. Or if you can show $ 1
• 33:02
  Speaker 3: million in.
• 33:03
  Speaker 2: Assets outside of your permanent residence, you're also accredited.
• 33:08
  Speaker 3: So one of those three makes you accredited. And unfortunately...
• 33:12
  Speaker 3: because there's some people I really.
• 33:13
  Speaker 2: Care about and love to have as clients, we weren't
• 33:16
  Speaker 2: able to accept clients that want to get in. Excuse me,
• 33:18
  Speaker 2: we call them limited partners. And, hey, like, there's no
• 33:23
  Speaker 2: fine line. There is no subjective nature here. It is
• 33:26
  Speaker 2: you either have it or you don't. They make you
• 33:28
  Speaker 2: prove it. Our administrator, Repool, makes you prove it. And
• 33:32
  Speaker 2: if you can't prove it, you're out. And it's not disrespect,
• 33:35
  Speaker 2: and it's not being a hard ass.
• 33:36
  Speaker 3: It's, frankly, being that we're following the rules, and our
• 33:40
  Speaker 3: third-party administrator is really, really, following the rules and protecting us,
• 33:44
  Speaker 3: protecting them.
• 33:45
  Speaker 2: And that's that. So let me review. $ 200, 000 at once
• 33:49
  Speaker 2: or $ 200, 000 in income or $ 1 million in assets. So
• 33:55
  Speaker 2: you meet one of those three. Give us an interview.
• 33:58
  Speaker 3: I'll interview you. You interview me. Just make sure we're fit.
• 34:02
  Speaker 3: I'll send you what's called a PPM, and I'll send
• 34:04
  Speaker 3: you a– I wrote a plain speak letter to accommodate it.
• 34:08
  Speaker 3: So somebody who doesn't understand legal jargon, can just plainly
• 34:12
  Speaker 3: get their answers. And then we set up a final
• 34:14
  Speaker 3: interview with me to make sure that they know what
• 34:16
  Speaker 3: they're getting into, because I'm not in need of money
• 34:18
  Speaker 3: or an unlimited partner. I'm doing this to do something
• 34:21
  Speaker 3: special and to get to the next level. So I'm
• 34:23
  Speaker 3: not willing to chance it and make sure that we're
• 34:26
  Speaker 3: just wanting to make sure that the right people are
• 34:27
  Speaker 3: in this thing.
• 34:27
  Speaker 2: So that's it.
• 34:29
  Speaker 3: And then, so let me, let me pull up the
• 34:30
  Speaker 3: number here and, uh, and give that out. And in
• 34:34
  Speaker 3: the meantime, I can give, give me an email at
• 34:36
  Speaker 3: John period, Arnold, JLN period, Arnold at, theinvestment.coach. So I'll repeat,
• 34:43
  Speaker 3: john.arnold at theinvestment.coach. If you want to give us a call,
• 34:49
  Speaker 3: we have a phone number to the fund, 330-288-7709, 330-288-7709.
• 34:50
  Speaker 2: And we'll give you an interview. It's the opposite of
• 34:53
  Speaker 2: any pressure. Talk to two people over coffee and If
• 35:06
  Speaker 2: you ever fit great, if not, I appreciate your interest.
• 35:08
  Speaker 1: And as you were saying on a previous broadcast, this
• 35:11
  Speaker 1: isn't something that you're looking for somebody to say, okay,
• 35:14
  Speaker 1: I'm in for two months or whatever, even though you
• 35:16
  Speaker 1: can get out if you choose to. But this is
• 35:19
  Speaker 1: something that you want to commit to for a period
• 35:22
  Speaker 1: of time, correct?
• 35:25
  Speaker 2: Correct.
• 35:25
  Speaker 3: Listen, I'm looking to give you potentially, because I can't
• 35:28
  Speaker 3: guarantee it, potentially far better than market average returns. If
• 35:32
  Speaker 3: you think I can get you far better than average
• 35:34
  Speaker 3: returns in two to three months, you're wrong. Maybe I
• 35:37
  Speaker 3: get lucky, but the average is not that. So I
• 35:40
  Speaker 3: tell people, give me a couple years. If you're not
• 35:43
  Speaker 3: interested in doing that, please don't waste both of our time. Again,
• 35:46
  Speaker 3: we're not in need of business. We're not in need
• 35:48
  Speaker 3: of LPs. I want the right people. You want the
• 35:51
  Speaker 3: right investment. And so if it makes sense for you, great.
• 35:54
  Speaker 3: But if it doesn't, hey, you can call me off
• 35:57
  Speaker 3: the radio and get investment advice for free off me,
• 35:59
  Speaker 3: or I can send you over to the boys at Rockport.
• 36:01
  Speaker 2: They'll do a good job. And we'll go from there.
• 36:04
  Speaker 1: All right. And when you guys invest the money on
• 36:11
  Speaker 1: stocks that will change, is it mainly stocks? I'm making
• 36:15
  Speaker 1: an assumption there.
• 36:18
  Speaker 3: Yeah, I will tell you, like I'll pepper in like
• 36:21
  Speaker 3: an ETF like ARK, which is a robotic technology fund.
• 36:24
  Speaker 3: But other than a really high beta ETF that's fast
• 36:27
  Speaker 3: moving like SOSX or whatever, I'll probably stay away from
• 36:32
  Speaker 3: the mom-and-pop ETFs like mid-cap growth, large-cap growth, because I'm
• 36:36
  Speaker 3: not going to get you better than average returns. So
• 36:38
  Speaker 3: we're going to go probably individual equities. We'll hedge with
• 36:42
  Speaker 3: some puts. Maybe we'll go some covered calls, et cetera.
• 36:45
  Speaker 3: But the majority of your money is going to be
• 36:47
  Speaker 3: made on individual equities in my fund anyway, and I'm assuming.
• 36:51
  Speaker 2: Steve as well.
• 36:52
  Speaker 1: And this is managed on obviously a daily basis with
• 36:56
  Speaker 1: money moving in different directions. on an hourly basis on that.
• 37:03
  Speaker 1: And then you report back to the clientele or whatever
• 37:07
  Speaker 1: you call them at the end of the month?
• 37:11
  Speaker 3: Those people are called limited partners, and yes, we do.
• 37:14
  Speaker 3: So they get a website to subscribe to called Repo.
• 37:17
  Speaker 3: Repo is our third-party administrator. They're like the fence between
• 37:21
  Speaker 3: us and the client to keep us honest. And so
• 37:24
  Speaker 3: that will give you a performance at the end of
• 37:27
  Speaker 3: every month. And Gabe or Abe, Ed, would you kind
• 37:32
  Speaker 3: of jump in here and talk about Repool? I believe
• 37:35
  Speaker 3: it will give you actually internal returns on a daily
• 37:38
  Speaker 3: basis as well.
• 37:40
  Speaker 2: Well, yeah, this is 100% of what I do. So
• 37:45
  Speaker 2: Repool will report, this is the long form of it, You, John,
• 37:51
  Speaker 2: and I will both get an email from people saying, hey,
• 37:55
  Speaker 2: we've gone through last month's numbers. We need you to
• 37:58
  Speaker 2: look at them to make sure it's okay. We will
• 38:00
  Speaker 2: both go through all reports client by client, LP by LP,
• 38:04
  Speaker 2: and make sure everything looks right. We check it off.
• 38:06
  Speaker 2: And then as soon as we hit yes, I approve,
• 38:08
  Speaker 2: that's correct, then it goes out to all the LPs
• 38:11
  Speaker 2: saying here's what your net asset value is in the
• 38:15
  Speaker 2: hedge fund today or what it was on the 30th
• 38:17
  Speaker 2: of the month or the last day of the month.
• 38:19
  Speaker 2: So you'll get, it's just once a month. They don't
• 38:22
  Speaker 2: watch it minute by minute. They can't see it as
• 38:25
  Speaker 2: we're doing trades, but they can see it at the
• 38:29
  Speaker 2: end of every month. And that goes back to the
• 38:31
  Speaker 2: nature of this is a year-long investment, minimum for one year.
• 38:35
  Speaker 2: And we're hoping guys stay with us, men and women
• 38:38
  Speaker 2: stay with us for a dozen years, right? Because that's
• 38:41
  Speaker 2: when you're going to see crazy growth is over that 10,
• 38:44
  Speaker 2: 12-year period. That's our ideal client. You know, John, I
• 38:50
  Speaker 2: thought there's two other people who can qualify for accredited.
• 38:53
  Speaker 2: By the way, there's a married couple that makes $ 300, 000
• 38:58
  Speaker 2: combined for two years. So if one's making $ 120, 000 and
• 39:01
  Speaker 2: one's making $ 180, 000, those guys qualify. They're accredited. So it
• 39:05
  Speaker 2: doesn't have to be one person making $ 200, 000. The household
• 39:07
  Speaker 2: can make $ 300, 000. And a trust. that has $ 5 million
• 39:12
  Speaker 2: in assets. So if your family, there's 10 of you
• 39:15
  Speaker 2: in it, and you've all pooled your money together and
• 39:18
  Speaker 2: there's $ 5 million in assets, then that trust can also
• 39:21
  Speaker 2: invest and be accredited at that point. So there's two
• 39:25
  Speaker 2: other options.
• 39:27
  Speaker 3: So what you're saying is the trust, I just actually
• 39:29
  Speaker 3: ran into, this today with a client that wanted to
• 39:32
  Speaker 3: put his money into a trust. So you're saying all
• 39:35
  Speaker 3: the trustees of the trust would equal $ 5 million, and
• 39:39
  Speaker 3: that would do the job, my correct?
• 39:43
  Speaker 2: Let's say it's a real estate trust and they have
• 39:45
  Speaker 2: a vacation home and they just all built a, they
• 39:48
  Speaker 2: have a beach house worth 5 million bucks and it's
• 39:50
  Speaker 2: owned by everybody, you know, so I'll pull together to
• 39:52
  Speaker 2: buy this house. That trust is qualified or is, um,
• 39:56
  Speaker 2: accredited because it doesn't matter how many members are there.
• 39:59
  Speaker 2: It could be five, it could be a hundred, but
• 40:01
  Speaker 2: the trust is now accredited because it has 5 million
• 40:04
  Speaker 2: value or, or everyone in the trust, let's say it's
• 40:08
  Speaker 2: a two person trust. Everyone in the trust is accredited. So, uh,
• 40:14
  Speaker 2: Joe and Mark both own this trust together, and they
• 40:19
  Speaker 2: separately are accredited. Now, the trust may only have $ 200, 000
• 40:21
  Speaker 2: in it, but the owners of the trust, all the
• 40:24
  Speaker 2: members of the trust, are accredited separately. Then the trust
• 40:28
  Speaker 2: can also, and RePool is going to evaluate all of that.
• 40:32
  Speaker 2: They'll need documentation that either the members are all accredited
• 40:36
  Speaker 2: or that there's $ 5 million plus assets in the trust.
• 40:41
  Speaker 1: Right. I want to say there's just measures involved here
• 40:44
  Speaker 1: to make sure that the money's held in a party's
• 40:51
  Speaker 1: hands so that everybody feels comfortable.
• 40:55
  Speaker 2: I think more than that, I think what the goal
• 40:57
  Speaker 2: is to make sure that the people that invest in
• 41:00
  Speaker 2: hedge funds, this is the SEC and FINRA's goal, people
• 41:03
  Speaker 2: that invest in hedge funds are savvy enough to handle
• 41:07
  Speaker 2: the risk, to understand the risk, and also that they
• 41:11
  Speaker 2: can absorb a loss. So if they think this is
• 41:15
  Speaker 2: a three-month investment and they need it to double overnight,
• 41:19
  Speaker 2: and if it gets cut in half because some crazy
• 41:22
  Speaker 2: new war, that they're okay, that they haven't put all
• 41:25
  Speaker 2: their eggs in one basket. So they're thinking $ 100, 000 isn't
• 41:27
  Speaker 2: going to ruin you. And they also look at the
• 41:31
  Speaker 2: amount of your assets you put in. If you're worth
• 41:33
  Speaker 2: a million, you can't put $ 900, 000 in this thing. There's
• 41:37
  Speaker 2: limits of your money you're allowed to put in.
• 41:40
  Speaker 1: Yeah, guardrails on it, if you will.
• 41:43
  Speaker 2: Yeah, exactly.
• 41:44
  Speaker 1: All right. And then when you, as I understand it
• 41:48
  Speaker 1: from talking to John on previous programs, almost the recipe
• 41:54
  Speaker 1: of Kentucky Fried Chicken, the big secret here, the recipe
• 41:57
  Speaker 1: of what the specifics of the stocks that are being
• 42:01
  Speaker 1: bought in a fund are not revealed to the.
• 42:06
  Speaker 7: Investors correct almost never i mean there it's it's a
• 42:10
  Speaker 7: john's discretion if he wants to have a uh... a
• 42:16
  Speaker 7: conversation with someone of what we've held in the past
• 42:18
  Speaker 7: where we currently hold but it's it's bad uh... if
• 42:22
  Speaker 7: there's nothing legal about it and it's just dangerous because
• 42:25
  Speaker 7: then the client may try to track our trades and
• 42:28
  Speaker 7: follow them themselves and give themselves a lot of trouble
• 42:31
  Speaker 7: because we're in and out in seconds right so do
• 42:33
  Speaker 7: you actually what i mean to today and you go
• 42:36
  Speaker 7: and buy it, and then I'm out in five minutes
• 42:39
  Speaker 7: later just because that's what the market looks like and
• 42:41
  Speaker 7: you're in it for a month, that gets dangerous. So
• 42:44
  Speaker 7: we try not to give financial advice to our clients.
• 42:48
  Speaker 1: I'm surprised just based on what you're saying, John, that
• 42:51
  Speaker 1: these guys don't have a nervous breakdown. I mean, geez.
• 42:54
  Speaker 2: You know what's crazy?
• 42:57
  Speaker 3: So you would think that investing the money or getting
• 43:01
  Speaker 3: limited partners, which you would call clients, is the hard
• 43:03
  Speaker 3: part for me. And I would say Gabe and even
• 43:07
  Speaker 3: Edward is very likable. That's probably the easy part. The
• 43:09
  Speaker 3: hard part is making sure administratively that we're maintaining compliance
• 43:14
  Speaker 3: and we're not accidentally overstepping our boundaries or not following
• 43:17
  Speaker 3: the right paperwork or guiding the client through or navigating
• 43:21
  Speaker 3: the client through.
• 43:22
  Speaker 2: The system, which is not easy.
• 43:23
  Speaker 1: Well, as you were introducing these guys, with all due respect, John,
• 43:28
  Speaker 1: to you and to Edward, my initial reaction was, Gabe,
• 43:32
  Speaker 1: you've got the hardest job. Sorry, guys. I mean, not
• 43:37
  Speaker 1: only the hardest job, but I think probably one of
• 43:39
  Speaker 1: the most important jobs as well because he's the guy
• 43:42
  Speaker 1: that's got to be the referee on you two guys saying, no,
• 43:46
  Speaker 1: this is okay, this isn't okay.
• 43:48
  Speaker 8: It's that plus then we have a bad month and
• 43:53
  Speaker 8: I'm the one who hits that button and says, I
• 43:55
  Speaker 8: approve this, and then all the emails go out and
• 43:57
  Speaker 8: they see what the month looked like.
• 44:00
  Speaker 2: I get the phone calls. Yeah, but.
• 44:05
  Speaker 1: You have to admit, I mean, whether it's a hedge
• 44:08
  Speaker 1: fund or you're just in the stock market in general, listen,
• 44:11
  Speaker 1: stocks are going to go up and stocks are going
• 44:13
  Speaker 1: to go down. I mean, there are no guarantees in
• 44:17
  Speaker 1: this type of arena. And if you don't understand that
• 44:20
  Speaker 1: going in, then it might not be for you.
• 44:25
  Speaker 2: Right, and that goes back to the accredited investor, right?
• 44:29
  Speaker 2: That goes back to these guys know. By now, if
• 44:31
  Speaker 2: they've been around a long time and made this money,
• 44:34
  Speaker 2: they know it's not always smooth sailing. Not always smooth sailing.
• 44:38
  Speaker 1: Yeah.
• 44:38
  Speaker 2: So that's why we like them. So it also helps
• 44:42
  Speaker 2: compared to what John and I did forever where we
• 44:45
  Speaker 2: worked with new investors, teaching them the ropes, and that
• 44:49
  Speaker 2: was way harder. The market went down in a year 10%.
• 44:54
  Speaker 2: And these guys have been pouring their money into their retirement,
• 44:58
  Speaker 2: and they have less than what they put in. For
• 45:01
  Speaker 2: the first time in their lives, that's a scary situation,
• 45:02
  Speaker 2: just like what happened to Ed's parents in 2008 and
• 45:05
  Speaker 2: so many people in 2000.
• 45:07
  Speaker 1: And you say to yourself, well, you want to wait
• 45:08
  Speaker 1: it out, but there are variable factors in that. It depends.
• 45:12
  Speaker 1: Where you are age-wise or what financial obligations you might
• 45:16
  Speaker 1: have at that particular time. There's so many variables as
• 45:19
  Speaker 1: to why people do what they do. But certainly, what's
• 45:25
  Speaker 1: the old cliche? I mean, buy low, sell high. I'm
• 45:28
  Speaker 1: just curious, your reaction to something that's– to throw you
• 45:32
  Speaker 1: both maybe a little bit of a curveball. I don't
• 45:35
  Speaker 1: understand something. Usually in times of uncertainty, gold does very good, okay?
• 45:39
  Speaker 1: I mean, in times of uncertainty. Yet when you look
• 45:42
  Speaker 1: at gold, it's kind of not, you see it coming down.
• 45:47
  Speaker 1: I mean, it's not low, but when you track gold,
• 45:51
  Speaker 1: does it make sense to you what's going on with
• 45:53
  Speaker 1: it currently? Traditionally, uncertainty brings gold prices high, not declining.
• 45:59
  Speaker 2: Yeah, so I can jump into that real quick.
• 46:01
  Speaker 6: No, no, go ahead, John.
• 46:02
  Speaker 2: Please, you talk about it. No, no, please, you. You please.
• 46:05
  Speaker 6: Yeah, so, you know, I track gold and silver. Those
• 46:10
  Speaker 6: are the two markets that I track quite a bit.
• 46:13
  Speaker 5: And, look, you know, gold's been in secular bull markets
• 46:16
  Speaker 5: since 1999 or 2001. I think we had a double bottom,
• 46:19
  Speaker 5: take your pick. It's had an extraordinary run since then.
• 46:24
  Speaker 5: We started to enter into what looked like a parabolic
• 46:27
  Speaker 5: phase when it broke out of a couple of key
• 46:30
  Speaker 5: technical levels last year, the early last year. It got overextended.
• 46:35
  Speaker 5: I mean, it got extended above some of these moving averages,
• 46:38
  Speaker 5: and it was due for a correction. So it just
• 46:41
  Speaker 5: so happened that this profit-taking event occurred at the exact
• 46:45
  Speaker 5: same time that we got involved in a war, right?
• 46:48
  Speaker 6: And so, you know, people..
• 46:51
  Speaker 5: Noticed that this thing got extended, that it was, you know,
• 46:54
  Speaker 5: going kind of parabolic. Smart money started to take profits.
• 46:59
  Speaker 2: And we had a correction, right?
• 47:00
  Speaker 5: Selling begot selling. And now we're sort of, you know,
• 47:03
  Speaker 5: trading sideways. And just like I was saying earlier, these
• 47:08
  Speaker 5: people that got in late, right, they're looking for the
• 47:10
  Speaker 5: exits now because they're not sure whether we're still in
• 47:13
  Speaker 5: the bull market. And so as gold is trying to
• 47:15
  Speaker 5: make a higher high, they start selling, right, which adds
• 47:18
  Speaker 5: selling pressure to it. So, you know, in my mind
• 47:21
  Speaker 5: right now, gold and silver, they had spectacular runs. I
• 47:26
  Speaker 5: think that we're still in a bull market, but I
• 47:28
  Speaker 5: think that we're in a correction right now, in.
• 47:31
  Speaker 6: A sideways consolidation.
• 47:34
  Speaker 5: It could last, you know, another month, two, three more months.
• 47:38
  Speaker 5: But my bet is that we're going higher, especially, you know,
• 47:43
  Speaker 5: given the debt that our country has and the money
• 47:45
  Speaker 5: printing and this and that. Right now, you know, if
• 47:48
  Speaker 5: I'm looking at the tape... I'm saying, yeah, I mean,
• 47:51
  Speaker 5: this is probably not a market I want to be
• 47:52
  Speaker 5: involved in at this moment. But to me, it's unsurprising
• 47:57
  Speaker 5: that we had this pullback. It's unsurprising that we're trading sideways,
• 48:01
  Speaker 5: despite the fact that, yes, gold is usually an inflation hedge,
• 48:06
  Speaker 5: safe haven. These are the kinds of things that we
• 48:08
  Speaker 5: tell ourselves about it. But we just got extended, and
• 48:13
  Speaker 5: people were taking profits.
• 48:15
  Speaker 1: I tell you, John, these guys are very interesting. They're
• 48:18
  Speaker 1: fascinating just hearing their thought process.
• 48:19
  Speaker 2: They're excellent.
• 48:20
  Speaker 1: Yeah, tell people once again how to get a hold
• 48:22
  Speaker 1: of you and how to email you, please, before we
• 48:25
  Speaker 1: run out of time here. Seconds remaining.
• 48:27
  Speaker 2: Yeah, please. Fund number 330-288-7709, 330-288-7709, john.arnold at theinvestment.coach. Gabe,
• 48:30
  Speaker 2: you got your hands full, okay?
• 48:44
  Speaker 1: Have a good night. Thank you guys.
• 49:07
  Speaker 9: Haven't signed off on it. ABC's Ian Pannell.
• 49:10
  Speaker 4: I think it's important for people to remember that what
• 49:12
  Speaker 4: we're looking at here is not an actual final deal
• 49:15
  Speaker 4: to end the war. It's pushing back the ceasefire by
• 49:19
  Speaker 4: another six years. days, possibly lifting some of those restrictions
• 49:23
  Speaker 4: in the Strait of Hormuz and the withdrawal of the U.S.
• 49:25
  Speaker 1: Naval blockade.
• 49:26
  Speaker 9: Inflation hitting its highest level in three years.
• 49:28
  Speaker 10: The Personal Consumption Expenditure Price Index, the Fed's preferred inflation gauge,
• 49:33
  Speaker 10: rose last month to 3.8%.
• 49:34
  Speaker 9: That's up from 3.5% in March.
• 49:37
  Speaker 10: But Treasury Secretary Scott Vessant claiming interest rates could come
• 49:41
  Speaker 10: down soon.
• 49:42
  Speaker 2: This challenging period now, they are on higher prices.
• 49:45
  Speaker 3: On the other side of this, I've said publicly that
• 49:48
  Speaker 3: I think we'll be back to substantial disinflation.
• 49:51
  Speaker 2: But most importantly, I think we've got the Warsh Fed now.
• 49:55
  Speaker 2: It's a new day at the Fed.
• 49:57
  Speaker 10: Crews say they've now recovered six of nine workers missing
• 50:00
  Speaker 10: and presumed to be dead after a chemical tank rupture
• 50:02
  Speaker 10: in Washington State at a paper mill.
• 50:04
  Speaker 9: And there's concern over environmental contamination.
• 50:07
  Speaker 11: Some contamination has leaked into the nearby Columbia River, but
• 50:10
  Speaker 11: the EPA says no effects on the river have been observed,
• 50:13
  Speaker 11: although about a dozen dead fish were found in nearby ditches.
• 50:17
  Speaker 11: Crews are now flushing and diluting water in the ditch
• 50:19
  Speaker 11: system to help prevent further contamination. State environmental officials say
• 50:24
  Speaker 11: local drinking water supplies have not been affected.
• 50:27
  Speaker 9: ABC's Hannah Batta.
• 50:28
  Speaker 10: The National Park Service says rescuers are trying to reach
• 50:31
  Speaker 10: four climbers by helicopter... who fell on Alaska's Mount McKinley,
• 50:35
  Speaker 10: North America's tallest peak. In Central Africa, more than 250
• 50:39
  Speaker 10: people so far have died from what's suspected to be Ebola.
• 50:42
  Speaker 10: And health concerns, as officials say, that the virus is
• 50:45
  Speaker 10: spreading faster than they can contain.
• 50:47
  Speaker 9: You're listening to ABC News.
• 50:50
  Speaker 12: Hot summer days and high energy bills are on the way.
• 50:53
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• 50:57
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• 51:19
  Speaker 13: I've been telling you all about the secret war on
• 51:21
  Speaker 13: our cash and the free report you can receive a
• 51:23
  Speaker 13: copy of by contacting Swiss America at 800-289-2646. I'd also
• 51:28
  Speaker 13: like to encourage you to subscribe to their podcast on YouTube.
• 51:30
  Speaker 13: Just search Swiss America Trading. The podcast can provide you
• 51:34
  Speaker 13: a ton of vital information and financial news in the
• 51:36
  Speaker 13: challenging and uncertain times we're in. Subscribe today. Learn more
• 51:40
  Speaker 13: about BRICS, industry leaders, and their market predictions for the future,
• 51:43
  Speaker 13: along with what you might expect to see in terms
• 51:45
  Speaker 13: of precious metal performance in the weeks and months ahead.
• 51:47
  Speaker 13: Message and data rates may apply.
• 51:50
  Speaker 10: A search is underway in Hawaii for a suspect after
• 51:53
  Speaker 10: three murders.
• 51:54
  Speaker 14: Police on the island of Hawaii are looking for 36-year-old
• 51:57
  Speaker 14: Jacob Daniel Baker. For three murders on the big island,
• 52:00
  Speaker 14: Baker is considered armed and dangerous. Police say three men
• 52:04
  Speaker 14: have been murdered in homes since Monday night. Two of
• 52:07
  Speaker 14: them were elderly men. Two women filed for restraining orders
• 52:10
  Speaker 14: against Baker last week saying he had threatened their lives.
• 52:14
  Speaker 14: Autopsies are scheduled to better understand how the three men died.
• 52:17
  Speaker 14: Alex Stone, EBC News.
• 52:19
  Speaker 10: Vice President Vance today delivered a commencement address to the
• 52:22
  Speaker 10: graduating cadets at the U.S.
• 52:24
  Speaker 9: Air Force Academy in Colorado Springs. In his speech, the.
• 52:27
  Speaker 10: Vice President mentioned how AI is, in his view, transforming
• 52:30
  Speaker 10: the landscape of war.
• 52:31
  Speaker 15: We ask you to apply that same adaptability, that same
• 52:36
  Speaker 15: innovation that you learned at this academy. to an entirely
• 52:40
  Speaker 15: new era of warfare. One shaped by autonomous systems, AI,
• 52:47
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• 52:53
  Speaker 15: have historically been accustomed to.
• 52:56
  Speaker 10: Caesar's Entertainment, owner of the Las Vegas landmark Caesar's Palace,
• 53:00
  Speaker 10: is being acquired by Fertitta Entertainment, which owns the Golden
• 53:03
  Speaker 10: Nugget and the chain's Rainforest Cafe in Morton's, Fertitta will
• 53:07
  Speaker 10: pay about $ 5. 6 billion for Caesars and take on about
• 53:11
  Speaker 10: $ 12 billion in debt from Caesars making the deal worth
• 53:14
  Speaker 10: about $ 17.
• 53:15
  Speaker 1: 5 billion.
• 53:16
  Speaker 9: Dave Packer, ABC News.
• 53:20
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