Latest / WCHS Network Podcasts / 03/30/2026 Retire Right Radio with John Burdette

Transcript

03/30/2026 Retire Right Radio with John Burdette · WCHS Network Podcasts

0:00
Speaker 1: The views and opinions expressed on this program do not
0:02
Speaker 1: necessarily reflect the views and opinions of five adwchs it's
0:06
Speaker 1: employees or WVRC Media. This is retire Right Radio, a
0:12
Speaker 1: weekly show from John Verdett at Fourth Avenue Financial that
0:15
Speaker 1: aims to answer your questions about financial planning, investing, and
0:19
Speaker 1: how to retire right. Fourth Avenue Financial is located in
0:23
Speaker 1: downtown Charleston at one seventy Court Street. More information online
0:27
Speaker 1: at Fourth Avenue Financial dot com. Join the conversation by
0:31
Speaker 1: calling three oh four three four five fifty eight fifty
0:34
Speaker 1: eight or text three oh four nine three five fifty
0:37
Speaker 1: oh eight. On retire Right Radio, Let's go live to
0:41
Speaker 1: the studio with host Dale Cooper and John Burdett from
0:44
Speaker 1: Fourth Avenue Financial.
0:45
Speaker 2: Usage and very pleasant. Good morning to you. You made
0:50
Speaker 2: it for the weekend. It's Monday morning and this is
0:52
Speaker 2: retire Right Radio. I'm Del Cooper. Thanks for tuning in
0:55
Speaker 2: on this Monday morning. A little radiant spots as you're
0:58
Speaker 2: coming into town this morning or headed out of town
1:00
Speaker 2: to think on where you're going. It was rainy to
1:02
Speaker 2: beat the band when I left the house and had
1:04
Speaker 2: calmed down a little bit by the time I reached
1:06
Speaker 2: the office here, so you might run into some spotty
1:08
Speaker 2: rain this morning as well. Otherwise it's going to be
1:09
Speaker 2: a little warmer today or warm again today as we
1:12
Speaker 2: start to settle into some a little bit better weather,
1:15
Speaker 2: hopefully in the in the near future. Joining me on
1:18
Speaker 2: the road today is John Burdett from Fourth Avenue Financial
1:22
Speaker 2: from parts unknown, so questioned away, John Burdett is with
1:25
Speaker 2: us is warning Good morning, John, how are you doing
1:27
Speaker 2: this morning?
1:28
Speaker 3: I'm doing great. The weather forecast there sounded about like
1:32
Speaker 3: here today and in Miami, so.
1:35
Speaker 2: Little rainy and warm.
1:37
Speaker 3: Little rainy and warm, and hopefully clear it up later.
1:42
Speaker 2: We're hoping for the clear up here as well as
1:44
Speaker 2: we come through the weekend. Things are going pretty well
1:46
Speaker 2: for the most part though. And if you have any
1:48
Speaker 2: questions for John, just because he's on the line doesn't
1:50
Speaker 2: mean that you can't ask your questions. You're welcome to
1:51
Speaker 2: send us in a text message. Threes are four nine
1:53
Speaker 2: through five. I've zero zero eight. Threes are four nine
1:55
Speaker 2: through five, five zeroser eight. We can still do the
1:57
Speaker 2: phone thing as well. You can give us a call
1:59
Speaker 2: threes er fourth three four five fifty eight fifty eight
2:01
Speaker 2: three zero four three four five fifty eight fifty eight.
2:03
Speaker 2: If you'd like to talk to John Bredett this morning
2:05
Speaker 2: to help you in any way with your retirement planning
2:08
Speaker 2: and financial planning, Fourth Avenue Financial can help you out.
2:11
Speaker 2: You can find out more information online Fourth Avenue Financial
2:13
Speaker 2: dot com. Fourth Avenue Financial dot com. Will will you
2:16
Speaker 2: spell out the whole thing Fourth Avenue Financial. We'll get
2:18
Speaker 2: more information out there too as the show goes along today.
2:21
Speaker 2: Also on Facebook, you do that same search fourth Avenue
2:23
Speaker 2: Financial and you can like the page over there. So
2:26
Speaker 2: first thing we always do when we start off our
2:28
Speaker 2: Monday morning shows as we take a look back at
2:30
Speaker 2: the week of the market, and I mean things are
2:32
Speaker 2: choppy or you know, not that great from the broadline
2:37
Speaker 2: right now, but again, this is this is opportunity. This
2:39
Speaker 2: is what we talk about. You have to you have
2:41
Speaker 2: to kind of hold firm.
2:44
Speaker 3: Yeah, we're down across the board about ten percent on
2:49
Speaker 3: the market averages, side market averages and and there again
2:54
Speaker 3: that is not a what do you think about it?
2:56
Speaker 3: It doesn't feel good, but it wasn't that long ago
3:00
Speaker 3: we were at these levels and we were calling them
3:04
Speaker 3: record highs. So you know, it's a little bit of
3:07
Speaker 3: a breather. Everything right now seems to be tied to
3:13
Speaker 3: oil prices and the direction that oil prices move. And
3:18
Speaker 3: you know, anytime we get a little breathing room there
3:24
Speaker 3: and the oil prices, the stocks tend to rebound pretty quickly,
3:27
Speaker 3: and as soon as the oil spikes, the stocks go
3:30
Speaker 3: the other direction. So that's that's really what's being traded
3:35
Speaker 3: right now and how the market is behaving. You know, fundamentally,
3:41
Speaker 3: most things are intact that were intact before before the
3:45
Speaker 3: war began, and as far as economic strength and the
3:51
Speaker 3: ability for Americans to keep consuming and spending as they
3:56
Speaker 3: have been, all of those things are still still intact.
4:01
Speaker 3: But the longer the oil prices remain elevated, the more
4:05
Speaker 3: likely it is that that will start to creep in
4:08
Speaker 3: in ways other than just gas prices, in in higher
4:11
Speaker 3: cost which will be reflected in higher inflation.
4:17
Speaker 2: Yeah, that's of course the concern that we have that's
4:20
Speaker 2: coming up there, and it's it's it is amazing though
4:23
Speaker 2: that I mean, it's it's really despite the background of
4:27
Speaker 2: the things that's going on, you have no choice but
4:29
Speaker 2: to kind of just understand the situation, understand these things
4:33
Speaker 2: happen and that when you come through the other end.
4:36
Speaker 2: We had some advisors on our afternoon show on Hotline
4:38
Speaker 2: that we're talking about the marketing things last week, and
4:41
Speaker 2: they made the point that, and of course they've Weekly
4:43
Speaker 2: is huge into this thing these things too, and he's
4:45
Speaker 2: always looking out of these types of things that it
4:47
Speaker 2: seems like the market really wants to take off. But
4:50
Speaker 2: it's the the like the stickiness of all the stuff
4:52
Speaker 2: that's happening in the war that's that's really kind of depressing. Things.
4:55
Speaker 2: We might have been in the middle of a little
4:57
Speaker 2: bit of a rotation where maybe you know, the background
4:59
Speaker 2: has been that the tech stocks some of them have
5:01
Speaker 2: had some rougher times and so forth, But there might
5:03
Speaker 2: be a healthy rotation underneath that. But it's just kind
5:06
Speaker 2: of hard to to suss out any of those things
5:09
Speaker 2: with all the noise from the war that's going on
5:11
Speaker 2: right right.
5:12
Speaker 3: You know. I think the you know, the hope for
5:16
Speaker 3: everybody is that this doesn't go on for too many
5:20
Speaker 3: more weeks and and things will get back to normal
5:25
Speaker 3: relatively quickly. But those are unknowables and and but what
5:30
Speaker 3: is what we do know is that one day you
5:32
Speaker 3: will want to retire, and one day you will need
5:34
Speaker 3: to have income and all of these things that we're
5:37
Speaker 3: talking about right now. We'll fade into the backgrounds as
5:43
Speaker 3: Tom moves along. And so you know, you have to
5:47
Speaker 3: look at it. You know there are opportunities and in
5:50
Speaker 3: this not just within the stock market potentially, but right
5:54
Speaker 3: now interest rates have moved up. You know, if you
5:59
Speaker 3: have fixed income, if you have cash on the sidelines,
6:02
Speaker 3: it can be a great time to potentially look at
6:06
Speaker 3: moving into some some various types of bonds that maybe
6:12
Speaker 3: extend the duration or the lengths of the maturities for
6:16
Speaker 3: a little bit longer to lock in some of those
6:20
Speaker 3: higher rates. You know, rates and even treasury rates right
6:23
Speaker 3: now are getting close to four and a half percent.
6:27
Speaker 3: That has brought the corporate bond rates up. Investment grade
6:30
Speaker 3: bonds going out four or five six years, you know,
6:33
Speaker 3: you're able to get north to five percent on some
6:36
Speaker 3: of those right now and lock those rates in. So
6:40
Speaker 3: you know, there are opportunities out there that are created
6:43
Speaker 3: by this that, depending on what your individual needs are,
6:47
Speaker 3: might might actually you know, work well with what your
6:52
Speaker 3: individual plans are and what you bring up.
6:55
Speaker 2: There is a great thing and these are the types
6:57
Speaker 2: of tools and the things that we talk about every
6:59
Speaker 2: week here. You know that that interest rate environment, you know,
7:03
Speaker 2: if you're on the end of things where you're home
7:05
Speaker 2: shopping or something like that, sure higher interest rates could
7:08
Speaker 2: be a detriment, but that means that the interest rate
7:10
Speaker 2: environment overall is growing, and that means that there's opportunity
7:13
Speaker 2: for other for other investments. So you have to look
7:15
Speaker 2: at both sides of the coin there right right, and.
7:18
Speaker 3: You know, if you can get you know, four and
7:20
Speaker 3: a half five percent fixed on a portion of your
7:23
Speaker 3: portfolio outside of the stock market, you know, then you
7:26
Speaker 3: can leave the more volatile assets in the stock market
7:31
Speaker 3: alone and not worry so much about them. You know,
7:34
Speaker 3: if you have your short term needs met with some
7:36
Speaker 3: of the fixed income that are now getting the the
7:39
Speaker 3: a little bit higher rate, you know, you don't need
7:43
Speaker 3: to necessarily rely immediately on the stock market money. You
7:47
Speaker 3: can allow that to you know, give it time for recovery,
7:52
Speaker 3: and then it puts you in the strong position of
7:56
Speaker 3: being able to elect when to exit the market if
7:58
Speaker 3: you have a proper allocate.
8:01
Speaker 2: I'll take this time just always try to backfill some
8:04
Speaker 2: stories that I find here and there about some things
8:05
Speaker 2: that we've talked about in the past, and this morning
8:08
Speaker 2: or this weekend, I ran across it really distressing conversation
8:12
Speaker 2: that a college sophomore was having, And I guess this
8:19
Speaker 2: is a thing that we're seeing more and more of
8:21
Speaker 2: now where because of the like the robin Hood apps
8:24
Speaker 2: and some of the memestock success limited success from a
8:28
Speaker 2: couple of years ago, you got a whole class of
8:31
Speaker 2: relatively young people that think that they can guess the
8:33
Speaker 2: market and they can do some predicting things. And there's
8:37
Speaker 2: kids that are out there that were young adults that
8:39
Speaker 2: are out there that are playing with their college money.
8:41
Speaker 2: They're playing with their money that's allowing them to stay
8:45
Speaker 2: in school in order to quote unquote play the market.
8:48
Speaker 2: And a lot of people are losing ton of money
8:50
Speaker 2: because they're trying to guess what's going to happen, and
8:52
Speaker 2: they're putting and they're making individual trades. And man, I
8:55
Speaker 2: just can't stress enough that that is such a bad look,
8:58
Speaker 2: a bad idea.
9:00
Speaker 3: Yeah, no doubt about it. I mean, certainly nobody knows
9:04
Speaker 3: the future. And you know, what we do know is that,
9:10
Speaker 3: you know, humans continue to want to better their lives
9:13
Speaker 3: and innovate, and over time that they have successfully done
9:16
Speaker 3: that as a whole, and that drives the market forward.
9:20
Speaker 3: And if you believe in that process and that process
9:22
Speaker 3: not being broken, then then you have to be a
9:24
Speaker 3: believer long term in the market and the companies that
9:28
Speaker 3: are doing that innovation and delivering those products and solving
9:32
Speaker 3: those problems. But some of the things that are going on,
9:37
Speaker 3: like you say, with these with these apps and the
9:39
Speaker 3: online gambling, and it becomes a gamification of finance, and
9:48
Speaker 3: that can be very dangerous because that is the exact
9:52
Speaker 3: opposite of what you know, we've talked about this before.
9:55
Speaker 3: Gambling and investing are two different things. You know, both
10:00
Speaker 3: have something to do with the future and the future outcomes.
10:03
Speaker 3: But one is a is a win or lose. You know,
10:08
Speaker 3: for to win, somebody has to lose. In gambling. That's
10:13
Speaker 3: not the case in the stock market. You know, the
10:16
Speaker 3: pie gets bigger, it's not the same money being divided
10:19
Speaker 3: up in the house taking their share. The pie gets
10:23
Speaker 3: bigger when companies are successful and everyone benefits. So it's
10:28
Speaker 3: a it's a different type of concept and it's one
10:31
Speaker 3: that I I do worry that some younger folks, not
10:36
Speaker 3: just younger folks, but but you know, people that are
10:40
Speaker 3: being exposed to all these online prediction markets and gambling,
10:45
Speaker 3: you know, confuse that with true investing.
10:50
Speaker 2: Yeah, that's what it seems that that is happening. And
10:53
Speaker 2: I think just this morning there was you know what,
10:56
Speaker 2: some of these vetters are starting to get more suits
10:58
Speaker 2: that are foul against them for like the microtransactions, for
11:01
Speaker 2: like the instant bets. Hey is this guy going to
11:02
Speaker 2: get a hit this at bat or whatever it might be.
11:04
Speaker 2: There's a lot of, uh, there's a lot of questions
11:07
Speaker 2: coming up about that because like you talk about, i mean,
11:10
Speaker 2: going into the the holistic uh, financial security. If you're
11:15
Speaker 2: constantly getting pushed notifications is like bet on this, bet
11:17
Speaker 2: on this, bet on this, bet on this. I mean,
11:19
Speaker 2: if you're somebody that that that does that even as
11:21
Speaker 2: a you know, form of entertainment, you try to keep
11:23
Speaker 2: it within budget, that eventually can push you over the line.
11:27
Speaker 3: Yes, yes, and and and it can take something like
11:31
Speaker 3: that that is that it's certainly not investing and and
11:35
Speaker 3: the because investing seems similar, it confuses the two. And
11:41
Speaker 3: that's that's a real danger because then you're never going
11:44
Speaker 3: to put yourself on a solid financial foundation because you're
11:47
Speaker 3: treating it, you know, like some sort of a gambling
11:51
Speaker 3: game versus long term investing, working towards goals, allocating you know,
11:57
Speaker 3: money according to what your goals are. That's a whole
12:01
Speaker 3: different that's a whole different thing. And like say, more
12:06
Speaker 3: and more you're seeing particular younger folks, you know, fall
12:10
Speaker 3: victim of that.
12:12
Speaker 2: It's great information as always with johenbre Debt for fourth Avenue. Financially,
12:15
Speaker 2: you can get in on the conversation as well today
12:17
Speaker 2: at three z are four three four five fifty eight
12:18
Speaker 2: fifty eight three zero four three four five fifty eight
12:20
Speaker 2: fifty eight you can text threes are four none, three
12:22
Speaker 2: five five zeros or eighth threes z are four nine
12:24
Speaker 2: through five five zeros or eight. One of the things
12:26
Speaker 2: kind of backtracking just a little bit to your trip
12:29
Speaker 2: in Florida for this week. And you know, one of
12:32
Speaker 2: the things when you go to other states, and Florida
12:33
Speaker 2: is a great example of this, you see a lot
12:35
Speaker 2: of things that, you know, states that struggle a little
12:38
Speaker 2: bit more with some infrastructure, things like West Virginia, you
12:40
Speaker 2: don't necessarily see a lot of For example, I've been
12:44
Speaker 2: to Florida a bit recently. Every road is nice, you know,
12:47
Speaker 2: there's a very I didn't ran across any roads with
12:51
Speaker 2: tons of potholes and tons of seams in the roads
12:53
Speaker 2: popping them stuff like that. The roads are really smooth
12:55
Speaker 2: and they're really nice and it's easy to drive on.
12:58
Speaker 2: And it's areas like that that's relatively flat and with
13:00
Speaker 2: nice roads that things like the rebo taxi services and
13:04
Speaker 2: the automatic drivers and the AI driving and stuff like
13:07
Speaker 2: that are getting us on to first because they're easier
13:09
Speaker 2: to navigate than you know, a place like West Virginia
13:11
Speaker 2: or something like that. So you're seeing some of that
13:12
Speaker 2: stuff down there.
13:14
Speaker 3: Yes, we were out and about, and I'm down here
13:18
Speaker 3: in Florida for a few days for a conference. So
13:23
Speaker 3: it is fun. But it's not all fun in games.
13:25
Speaker 3: Just so everyone knows alloud.
13:28
Speaker 2: To have fun, that's all right.
13:31
Speaker 3: But yes, the first thing we saw when we went
13:37
Speaker 3: out are these little buggy like robots that have little
13:43
Speaker 3: eyeball headlights on them, and you know, it's like auto
13:50
Speaker 3: door dashers that bring food to you. I was reading
13:55
Speaker 3: up on them, and they can travel about one and
13:58
Speaker 3: a quarter miles bring you your food, and they you know,
14:04
Speaker 3: drive down the sidewalk with people and they obey the traffic, uh,
14:10
Speaker 3: you know, signals and the crosswalks and all of all
14:13
Speaker 3: of that, and you know, it's pretty incredible when you
14:17
Speaker 3: see them just zipping down the sidewalk and you're thinking,
14:21
Speaker 3: you know, this is like the Jetsons.
14:24
Speaker 2: It is And I've seen some videos of this, and
14:27
Speaker 2: as this is becoming more and more prevalent, one of
14:29
Speaker 2: the things that cracks me up is some of the
14:30
Speaker 2: things that that you know, it's maybe you think of,
14:35
Speaker 2: but you don't know exactly how it's going to play.
14:36
Speaker 2: For example, you know, a little robot traveling down the
14:39
Speaker 2: road with like a sack full of groceries or food. Yeah,
14:42
Speaker 2: dogs take a little interest in that sometimes.
14:46
Speaker 3: Well, well I don't know about dogs. You know they
14:49
Speaker 3: are they are enclosed, and you know, they're actually locked
14:52
Speaker 3: up in an enclosure and you know, you don't know
14:56
Speaker 3: what's inside of it. And the person that orders that
15:00
Speaker 3: from their phone can unlock it when it's delivered, so
15:03
Speaker 3: it's a locked capsule the you know that's on this
15:06
Speaker 3: buggy that goes. But one of the things that the
15:10
Speaker 3: main impediment that that that I saw are the onlookers
15:15
Speaker 3: that step in its path, which makes it stop just
15:19
Speaker 3: so they can get pictures of it. So so right now,
15:25
Speaker 3: the only thing that I think is keeping it from
15:29
Speaker 3: you know, delivering efficiently are all the onlookers, which I
15:33
Speaker 3: assume will overtime fade.
15:38
Speaker 2: It's uh, I've seen some videos that may not It's
15:40
Speaker 2: probably not the smell of the food. I've just seen
15:42
Speaker 2: some videos of animals chasing those things and like being
15:47
Speaker 2: slightly offline and like crashing through like a like a
15:51
Speaker 2: advertisement that somebody put out on the sidewalk or something
15:54
Speaker 2: like a sandwich port or something that they like. There's
15:56
Speaker 2: some of this stuff, and it's all growing pains, you know.
15:58
Speaker 2: I mean, you expect some of this stuff to up
16:00
Speaker 2: at first when we start seeing these things, but I
16:01
Speaker 2: don't think there's any question in ten years that that
16:04
Speaker 2: if you want various things delivered to you, not only
16:08
Speaker 2: food or groceries, but probably widgets and items and different
16:10
Speaker 2: things like that, we're going to have our little robot
16:12
Speaker 2: helpers that we either have ourselves at go and get
16:14
Speaker 2: them where they're going to be dispatched from Walmart or
16:17
Speaker 2: wherever it is.
16:19
Speaker 3: Well, and not only that, but you were your cars
16:21
Speaker 3: are going to be dispatched that way too, we've seen
16:24
Speaker 3: a couple of way Moo vehicles. They are just now
16:28
Speaker 3: rolling it out here in the Miami area. And I
16:34
Speaker 3: talked to a guy here at the conference that took
16:39
Speaker 3: a trip on one, and of course he had video
16:42
Speaker 3: of it, you know, driving. But yesterday we took an
16:47
Speaker 3: Uber to another part of town and we passed the
16:53
Speaker 3: Uber driver passed away mow and a cut in front
16:59
Speaker 3: of it, all close. I think he was trying to
17:02
Speaker 3: trying to test it in I was like, don't test
17:05
Speaker 3: it with us in the car. But but but sure enough,
17:11
Speaker 3: you know, there was a passenger in the front seat.
17:13
Speaker 3: The car was driving itself and performing very well. I
17:17
Speaker 3: mean it it didn't you know, if you didn't see
17:21
Speaker 3: the cameras and the and the things on the car,
17:26
Speaker 3: the way it was driving, you wouldn't have thought that
17:28
Speaker 3: it was autonomous at all. I mean, it was just
17:30
Speaker 3: another car on the road. And and as that, as
17:35
Speaker 3: that rolls out across the nation, I mean, you're going
17:37
Speaker 3: to see a lot of big changes like that in
17:41
Speaker 3: the next handful of years.
17:42
Speaker 2: I think one thing that I read this weekend that
17:45
Speaker 2: has been living written free in my head. It was
17:47
Speaker 2: an essay that it was a futuristaff essay on It
17:49
Speaker 2: took a couple different industries and was looking at various
17:52
Speaker 2: different ways it could go. You know, it wasn't negative,
17:55
Speaker 2: it wasn'tdystopian or anything. It was just going through some
17:57
Speaker 2: of the different ways that we could find industries that
17:59
Speaker 2: unfold and stuff like that. And one of the things
18:00
Speaker 2: I found interesting about cars, And this wasn't a prediction,
18:02
Speaker 2: It was just like, what if this happened, then this
18:04
Speaker 2: is one of the routes that could go down the
18:06
Speaker 2: way everything is trending these days, we may not be
18:08
Speaker 2: that far away from not even owning our vehicles. We
18:10
Speaker 2: just rent a service for vehicles, you know, like we
18:12
Speaker 2: don't own anything anymore. We just rent everything. So when
18:15
Speaker 2: you need a car, you either have like a scheduled
18:17
Speaker 2: arrangement to come pick you up in the mornings and
18:19
Speaker 2: you take that to your work. If you need a car,
18:21
Speaker 2: you can you can call one and it's just moments
18:23
Speaker 2: away and they'll be automatically driven and things like that.
18:26
Speaker 2: Nobody will have a need to own a car anymore
18:27
Speaker 2: because we'll just have subscription services to your favorite car
18:30
Speaker 2: providing service. And I don't I mean, maybe it sounds
18:34
Speaker 2: kind of nice not to have to worry about the car.
18:35
Speaker 2: But man, that just seems so different from the car
18:37
Speaker 2: culture that we're used to here in the country.
18:41
Speaker 3: Yes, I you know what will make that transition happen
18:45
Speaker 3: willingly will be economics. Yeah, you know, if it turns
18:48
Speaker 3: out that you know, if you think about the expense
18:52
Speaker 3: of a car and the maintenance and the fuel and
18:57
Speaker 3: everything that goes in a car. You know, a person
19:01
Speaker 3: might be spending six eight hundred dollars or more a
19:04
Speaker 3: month on that. And what if you can get that
19:08
Speaker 3: get that car service for half of that a third
19:12
Speaker 3: of that. You know, at some point it becomes just
19:18
Speaker 3: almost an economic reality that that that that switch happens. So,
19:24
Speaker 3: you know, I don't know where that's headed either, but
19:27
Speaker 3: but you know, I think the I think really the
19:31
Speaker 3: barrier at this point is more of the psychological barrier
19:36
Speaker 3: of getting in that car. Yeah, and just you know,
19:41
Speaker 3: feeling comfortable that it that it will you know, execute
19:46
Speaker 3: properly and once that barrier is surpassed, I mean, I
19:49
Speaker 3: do think it will just because of economics be a
19:55
Speaker 3: be a big savor. The guy told me that the
19:57
Speaker 3: that the way mo you know, it's way cheaper than
20:01
Speaker 3: an uber because there's no driver to pay.
20:04
Speaker 2: Oh yeah, well yeah, I guess that's true.
20:08
Speaker 3: Yeah, you don't have to tip a way moo. So
20:15
Speaker 3: you know, and what will that mean? That will mean
20:18
Speaker 3: it's just in the way people work and where people work,
20:21
Speaker 3: and it's just you know, it's just like any other
20:24
Speaker 3: technological advance. It will certainly disrupt the way we're used
20:30
Speaker 3: to things being, but it wouldn't change if people didn't
20:34
Speaker 3: vote with their dollars.
20:36
Speaker 2: You bring up so many great points there, and kind
20:38
Speaker 2: of the living organism that our economy often is. It's
20:41
Speaker 2: really hard to see some of these dominos. Sometimes you
20:44
Speaker 2: just said something there that triggered me. This might be
20:45
Speaker 2: a very small thing, but it could be a major
20:47
Speaker 2: thing when you play it out over the course of years.
20:50
Speaker 2: For example, the way that fast food prices have come
20:53
Speaker 2: up over the years, and the way that fast casual
20:56
Speaker 2: restaurants have previously stayed into the conversation by lowering you
21:00
Speaker 2: get into a conversation, you get into a situation. Now.
21:03
Speaker 2: My wife and I, for example, had a pretty nice
21:05
Speaker 2: dinner from Chili's this past weekend that we ended up
21:07
Speaker 2: getting We ended up getting delivered to us and I
21:10
Speaker 2: made the note after we got it. It was three meals
21:12
Speaker 2: that we had delivered to us for me, my daughter,
21:13
Speaker 2: and my wife that the actual cost of the meals
21:16
Speaker 2: that we got from there, which were full three course
21:19
Speaker 2: meals from Chili's on there. Whatever it was, it was
21:21
Speaker 2: actually cheaper than the last receipt that we got that
21:24
Speaker 2: we went to fast food. The only thing that made
21:27
Speaker 2: it more expensive was the delivery fee and the tip.
21:29
Speaker 2: If it wasn't for the delivery fee and the tip,
21:31
Speaker 2: then it actually would have been about the same price
21:33
Speaker 2: or a little bit cheaper. And I was thinking, and
21:35
Speaker 2: when you just now said that, you know you don't
21:37
Speaker 2: have to worry about it tip and stuff with it, Well,
21:39
Speaker 2: that could for something just as simple as the as
21:42
Speaker 2: the food industry like that, that could really change things
21:45
Speaker 2: because suddenly you don't have that barrier of extra cost
21:49
Speaker 2: that's laid on top of it. And that's what that
21:51
Speaker 2: would reshuffle things yet again, right.
21:54
Speaker 3: Right, So you know, like you say, the way we
21:58
Speaker 3: do things over the last hundred years have certainly changed,
22:02
Speaker 3: and over the next hundred years, you know it's it's
22:04
Speaker 3: going to continue to change. And and generally what wins
22:09
Speaker 3: that and what shapes that is innovation and being able
22:15
Speaker 3: to deliver goods and services to folks in a way
22:18
Speaker 3: that that you know, obviously, things don't always have to
22:22
Speaker 3: be the cheapest to win, you know, look at it.
22:25
Speaker 3: Look at an iPhone, an iPhone, it's not the cheapest,
22:27
Speaker 3: but it you know, it is one nonetheless, but it
22:32
Speaker 3: has to be a service at a price that people
22:37
Speaker 3: collectively support or it wouldn't change in that direction. So
22:40
Speaker 3: anytime you see a disruptive change, you know, the news
22:44
Speaker 3: always looks at the negative about the change and the
22:48
Speaker 3: disruptions and the jobs, but it's the people that have
22:53
Speaker 3: chosen that, not the technology itself.
22:57
Speaker 2: Yeah, that's a great point. John Berdet with Fourth Avenue Financial,
23:00
Speaker 2: I tell you what, We've got a couple of text
23:01
Speaker 2: messages in. Let's get one of them out now, we'll
23:03
Speaker 2: take a break. We'll come back and address with the
23:05
Speaker 2: other one. The first text messages we got in this morning.
23:06
Speaker 2: If you want to get involved, you can do that
23:08
Speaker 2: as well. You can send us a text at three
23:10
Speaker 2: zero of four non three five five zeros zero eight
23:12
Speaker 2: threes are four non three five five zeros or eight
23:14
Speaker 2: Still time to call in as well if you'd like
23:15
Speaker 2: to threes are four three four five fifty eight fifty
23:17
Speaker 2: eight text message from the three zero four five to
23:19
Speaker 2: seven two oil just head over one hundred dollars barrel
23:21
Speaker 2: again and my four oh one K dropped almost eight
23:23
Speaker 2: thousand dollars last week. Should I be moving money out
23:26
Speaker 2: of stocks right now or just sit tight? We kind
23:29
Speaker 2: of talked about that, but.
23:31
Speaker 3: Yeah, I mean there again, I don't want to answer
23:34
Speaker 3: this directly because I don't know anything about the individual
23:38
Speaker 3: and the tom horizon, that sort of thing. If you're
23:41
Speaker 3: not utilizing the money for income currently and you're a
23:46
Speaker 3: few years off maybe from retirement, I wouldn't panic too
23:50
Speaker 3: much about it. You know, myself is a good I'm
23:55
Speaker 3: a good example. You know, last week funded mind profit sharing,
24:01
Speaker 3: you know, for my company a little bit early because
24:05
Speaker 3: the market is down now. I did that, and the
24:08
Speaker 3: next day the market dropped, you know, four hundred points
24:11
Speaker 3: or five hundred points. So it's like, oh, I should
24:13
Speaker 3: have waited today. That's not going to matter five years
24:15
Speaker 3: from now. The fact is I bought it and it
24:19
Speaker 3: was ten percent down from a tie. So whatever happens
24:24
Speaker 3: from this point forward, I'm still ten percent below.
24:26
Speaker 1: The last high.
24:28
Speaker 3: If you look at it in the right time horizon,
24:31
Speaker 3: you know that will that will turn out to be
24:33
Speaker 3: a good decision. It might seem like a bad decision
24:36
Speaker 3: for the next couple of weeks. I don't know. I
24:39
Speaker 3: don't have a crystal bell, but but when you're looking
24:43
Speaker 3: at that, you know, think about your time horizon. Does
24:46
Speaker 3: it if you're working, it does not change your life
24:48
Speaker 3: that the market is down a little bit. And if
24:51
Speaker 3: you sell and go to fixed income for instance, cash bonds,
24:56
Speaker 3: things like that, Fully, as soon as the market rebounds,
25:00
Speaker 3: what have you done. You've locked in the losses that
25:02
Speaker 3: you've already taken and have not given it the opportunity
25:07
Speaker 3: to rebound, which historically, the market as a whole has
25:11
Speaker 3: never failed to rebound from any decline that it's had.
25:16
Speaker 3: And so you're you know that if you if you
25:18
Speaker 3: give into that, you're you're working one hundred percent against
25:23
Speaker 3: the history of of the way the markets work. So
25:27
Speaker 3: I would you know, generally say to sit tight or
25:32
Speaker 3: add more if your situation is such that you can
25:37
Speaker 3: do that, if you're not utilizing the money currently, if
25:40
Speaker 3: you've got a couple of years before you need to
25:42
Speaker 3: utilize the money, you know, generally the market, the volatility passes,
25:48
Speaker 3: and we're in a ten percent correction right now. That
25:53
Speaker 3: typically in the course of a year, happens almost every
25:56
Speaker 3: year at some point in time. You know, we're not
25:59
Speaker 3: even out of a you know, out of any kind
26:03
Speaker 3: of norm as far as market behavior goes. If you
26:07
Speaker 3: own stops, you've experienced this on an average about once
26:10
Speaker 3: a year. Now, it might be for different reasons, not
26:13
Speaker 3: the war and not something maybe as volatile as this
26:18
Speaker 3: news story is, but certainly you would have experienced this
26:22
Speaker 3: almost every single year that you've been participating in the
26:25
Speaker 3: stock market, So try to keep it in that type
26:28
Speaker 3: of perspective.
26:30
Speaker 2: It's great information and great perspective has always with genbre
26:32
Speaker 2: debt for Fourth Avenue Financial. Let me get you the information.
26:34
Speaker 2: We'll take a quick break and have a couple more
26:36
Speaker 2: texts come in and now we'll get to those when
26:38
Speaker 2: we come back. The phone number four Fourth Avenue Financial
26:40
Speaker 2: three three zero four seven four six seven on seven
26:43
Speaker 2: seven three zero fourth seven four six seven on seven
26:45
Speaker 2: seven located on non fourth Avenue Financial dot com. Fourth
26:48
Speaker 2: Avenue Financial dot com. You spell out the whole thing
26:50
Speaker 2: and you can find the website or do the search
26:52
Speaker 2: on Facebook for the same thing, and you can like
26:54
Speaker 2: it over there. Have a couple more text messages when
26:56
Speaker 2: we come back, we're going to talk a little bit
26:57
Speaker 2: about inflation it looks like, and also foreign marks, it markets,
27:00
Speaker 2: international markets, so a couple questions about those. When we
27:03
Speaker 2: come back. You can weigh in as well at three
27:04
Speaker 2: zero four non three five five zero zero eight. Three
27:07
Speaker 2: zero four no three five five zero zero eight is
27:09
Speaker 2: our tax line number. We'll take a break and be
27:11
Speaker 2: back right after this. You're listening to retire Right Radio
27:13
Speaker 2: with Job Bredet for Fourth Avenue Financial. I'm Del Cooper.
27:15
Speaker 2: This is FIVEDWCHS the Voice with Charleston.
27:17
Speaker 4: Retire Right Radio is sponsored by Fourth Avenue Financial, which
27:20
Speaker 4: is solo responsible for its content. Security is offered through
27:22
Speaker 4: jw CL Financial member fen Recipic Investment advice offered through
27:26
Speaker 4: jw COL Advisors. Fourth Avenue Financial, jw CL Financial and
27:29
Speaker 4: jw COL Advisors are unaffiliated entities. The opinions expressed by
27:33
Speaker 4: John Bredebt should not be construed as specific investment, legal,
27:36
Speaker 4: or tax advice. All economic and performance information is historical
27:40
Speaker 4: and not indicative of future results. Investing may involve risk
27:43
Speaker 4: of loss of principle, Any tax advice on this show
27:46
Speaker 4: is not intended to be used by any person for
27:48
Speaker 4: the purpose of avoiding US federal or state tax penalties
27:51
Speaker 4: that may be imposed on such a person, and each
27:53
Speaker 4: listeners should seek advice from their tax advisor or legal
27:57
Speaker 4: console on topics that arise from the show. Dead is
28:00
Speaker 4: not providing legal or tax advice. Nothing should be construed
28:03
Speaker 4: as solicitation of an offer to buy securities. This program
28:06
Speaker 4: is sponsored before the Avenue Financial which is solely responsible
28:09
Speaker 4: for its content.
28:10
Speaker 5: I'm John Morgan and Morgan and Morgan. Today our roads
28:13
Speaker 5: are littered with killing machines. I'm talking about semi trucks.
28:17
Speaker 5: They could easily kill even at low speeds. Overwork truck
28:21
Speaker 5: drivers are driving all day and all night injured in
28:24
Speaker 5: a trucking accident. We became the largest injury law firm
28:27
Speaker 5: in the world for a reason.
28:28
Speaker 6: There's only one Morgan and.
28:29
Speaker 7: Morgan Office two twenty two Capital Street, Charleston. Cases will
28:32
Speaker 7: be handled by West Virginia licensed attorneys. The attorney in
28:35
Speaker 7: this ad is not licensed in Western Virginia. Morgan and
28:38
Speaker 7: Morgan for thepeople dot com Ando was.
28:41
Speaker 8: There for me as I was going through a rough
28:43
Speaker 8: medical patch this year, I had peace in mind, which
28:46
Speaker 8: helped with my healing. Those words from a real at
28:49
Speaker 8: no Medicare Advantage member speak to Why US News and
28:52
Speaker 8: World Report named us a best Medicare advantage company because
28:56
Speaker 8: we show up on calls with members and doctors' offices
28:59
Speaker 8: when requested. We show up with the latest in online
29:02
Speaker 8: tools for easier access to healthcare. We show up for
29:05
Speaker 8: you because that's how healthier happens together. Member feedback has
29:09
Speaker 8: been edited for length and clarity.
29:10
Speaker 6: This is retire Right Radio with John Burdett from Fourth
29:14
Speaker 6: Avenue Financial, taking your calls at three oh four, three
29:18
Speaker 6: four five fifty eight fifty eight more texts on three
29:21
Speaker 6: oh four nine three five.
29:23
Speaker 1: Fifty oh eight.
29:27
Speaker 2: Eight minutes until the top of the hour. You're listening
29:29
Speaker 2: to retire Right Radio on five eight Do you see
29:32
Speaker 2: HS the Voys with Charleston. Thank you so much for
29:36
Speaker 2: tuning in on this Monday morning. John Burdadd is joining
29:39
Speaker 2: us from location. He's at a conference in Florida doing
29:42
Speaker 2: some some work and play and answering your questions. Got
29:45
Speaker 2: some text line questions this morning, and we're going to
29:47
Speaker 2: come back with those. The first one comes from the six,
29:50
Speaker 2: eight nine, two sixty seven. With all these tariffs still
29:52
Speaker 2: in play, I'm nervous about inflation coming back. What investments
29:56
Speaker 2: actually protect you when prices keep going up?
30:01
Speaker 3: Well, Yes, generally, historically the thing to do is to
30:06
Speaker 3: own a broad basket of stocks. Stocks keep up historically
30:11
Speaker 3: with inflation very well. And it's somewhat logical when you
30:15
Speaker 3: think about it, because stocks are producing the goods. Those
30:19
Speaker 3: companies of those stocks are producing the goods and services
30:23
Speaker 3: that are being created, and so they tend to their
30:26
Speaker 3: earnings tend to keep up because they're they're serving in
30:29
Speaker 3: the current economic environment. So their prices rise and so
30:34
Speaker 3: do their profits with that. Very similar to you and
30:38
Speaker 3: your job. When you work, your income tends to rise
30:43
Speaker 3: over time to keep up with inflation because you're serving
30:46
Speaker 3: in the current environment, same thing that your companies are doing. So,
30:51
Speaker 3: if you want to look at the long term, how
30:54
Speaker 3: do you keep up with inflation, it is owning companies
30:57
Speaker 3: that are participating actively in the current economic environment.
31:03
Speaker 2: So those best able to handle inflation on their own
31:07
Speaker 2: will also basically pass that along. Yes, that makes a
31:11
Speaker 2: lot of sense.
31:12
Speaker 3: I mean, and their earnings will will will follow. You know,
31:16
Speaker 3: if you have a Let's say a company has a
31:19
Speaker 3: ten percent profit margin on their goods and services, and
31:22
Speaker 3: the value of that doubles, and if they maintain the
31:25
Speaker 3: profit margin, their profits also double, which usually translates into
31:31
Speaker 3: an increase in stock prices that keep up with inflation. Historically,
31:36
Speaker 3: that's that's been the best place to be if you're
31:41
Speaker 3: worried about inflation. Now, Conversely, in a retirement plan, you
31:46
Speaker 3: know you have to be careful that you balance your
31:48
Speaker 3: risks out. So you have multiple risks in a plan.
31:52
Speaker 3: You've got the risk of being squeezed by inflation and
31:56
Speaker 3: you're purchasing power over time, but you also have the
32:00
Speaker 3: the downside of the market is that it's volatile, so
32:03
Speaker 3: you have to meet your short term needs the income
32:06
Speaker 3: that you might need in retirement with different types of assets.
32:09
Speaker 3: That's how that asset allocation that I always talked about
32:12
Speaker 3: comes into play. So you have to balance those risks
32:16
Speaker 3: out and because both of them are very real in
32:19
Speaker 3: your retirement and in your planning, so you know those
32:23
Speaker 3: are those are questions that you know if you're come
32:26
Speaker 3: into the office, we set down and we'll come up
32:29
Speaker 3: with that allocation that makes sense for your individual situation.
32:34
Speaker 2: Fourth, having a financial located one seventy Court Street right
32:36
Speaker 2: here in downtown Charleston, so a quick office visit wouldn't
32:39
Speaker 2: cost you any time at all. We have text messages
32:41
Speaker 2: coming in now, and so I'll try to get to
32:43
Speaker 2: as many diseases as we can. We have a few
32:45
Speaker 2: of them here. This one has to do the see
32:46
Speaker 2: from the three zero four seven to sixty three. Let's see,
32:49
Speaker 2: the US dollar has been weakening. I've always just invested
32:51
Speaker 2: in US stocks. Is there a reason to finally look
32:54
Speaker 2: at international funds and what is the risk there? That's
32:57
Speaker 2: an interesting question to follow up about the diversification question anyway.
33:01
Speaker 3: Yeah, and you know, in a diversified portfolio, you probably
33:06
Speaker 3: should have had some exposure to international already. It's certainly
33:13
Speaker 3: you know, in the US we have the home field
33:14
Speaker 3: advantage that most folks own more US stocks than than
33:19
Speaker 3: international stocks, just just by nature and familiarity. But international
33:24
Speaker 3: stocks can outperform US. They have outperformed US in the
33:29
Speaker 3: last year or so, and then they're continuing to outperform
33:33
Speaker 3: this year. You know, there are a couple of things
33:38
Speaker 3: that go into play there where they've underperformed their valuations.
33:43
Speaker 3: You know, their their priced earnings things of that nature
33:46
Speaker 3: are are less than US stocks. And then you also
33:50
Speaker 3: have the dollar strength and weakness that goes into play there.
33:56
Speaker 3: And so sometimes international can be more ballas too, but
34:01
Speaker 3: there are large stretches where sometimes it's in favor because
34:05
Speaker 3: of that currency or valuation differences between that and US,
34:09
Speaker 3: and and it makes sense to have that in a
34:12
Speaker 3: diversified portfolio. You know, the United States economy is by
34:15
Speaker 3: far and away the largest economy in the world, but
34:20
Speaker 3: still it's only about a quarter of all economic activity
34:24
Speaker 3: activity on the globe. That means if you avoid international,
34:29
Speaker 3: you're just avoiding seventy five percent of the economic activity
34:32
Speaker 3: on the globe. And so you know, you have to
34:35
Speaker 3: have some exposure to that for a diversification, not a
34:40
Speaker 3: you know, switch where you flip all in or all out.
34:43
Speaker 2: You're not going to suddenly go all international or something
34:45
Speaker 2: that wouldn't be a great move, right.
34:48
Speaker 3: Right, It's just part of your diversification strategy.
34:51
Speaker 2: Still, more great information from genre deck. I want to
34:53
Speaker 2: try to squeeze in these last couple of texts in
34:54
Speaker 2: here great information. I'll save some of these for next
34:57
Speaker 2: week if we need to. Of course, you can always
34:58
Speaker 2: give Fourth Avenue Fund Angel call, I'll get those information
35:01
Speaker 2: out before we leave the airways. We'll get you out
35:02
Speaker 2: of here on this real quick. Noan, you got about
35:04
Speaker 2: a minute. Let's see, gold seems to be going up
35:07
Speaker 2: all the time lately. Is gold actually a smart investment
35:10
Speaker 2: right now? Or is it just hype? How much should
35:11
Speaker 2: someone have in their portfolio.
35:14
Speaker 3: I'm not a big believer in commodities as an investment.
35:19
Speaker 3: You know, gold has historically been a good store of value,
35:24
Speaker 3: but it doesn't produce anything like a stock does. It
35:27
Speaker 3: has no income stream like a dividend. It has no
35:32
Speaker 3: product that is producing that that is trying to expand
35:37
Speaker 3: the customer base. You know, gold is certainly in favor
35:42
Speaker 3: right now and has been as well as low silver
35:48
Speaker 3: and some other things, but it it really I tend
35:56
Speaker 3: not to like it just simply because it doesn't produce something.
36:00
Speaker 3: You know. My whole theory is wealth comes from the
36:04
Speaker 3: service of others. I want to own companies that are
36:08
Speaker 3: valuable to people in their daily lives.
36:11
Speaker 2: Seven four six seven four six seven non seven seven
36:15
Speaker 2: for Fourth Avenue Financial seven four six seven non seven seven.
36:18
Speaker 2: More information next week on Retire Right Ready with John
36:21
Speaker 2: Radet John, we're out of time. Thanks a lot for
36:22
Speaker 2: your time again this week. All right, appreciate it, Take
36:25
Speaker 2: care well, see you next time. This is fove ad
36:27
Speaker 2: w c HS Fight ad w.
36:30
Speaker 6: C HS AM ninety six point five. That's then Charleston
36:32
Speaker 6: one oh four point five Cross Lanes, WVRC Media Station.
36:37
Speaker 6: We're proud to live here too,