Latest / WCHS Network Podcasts / 08/11/2025 Retire Right Radio with John Burdette

Transcript

08/11/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

0:00
Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
0:03
Speaker 1: the realtor makes real estate dreams a reality, whether it's
0:05
Speaker 1: residential or commercial. We've got Charleston to Huntington covered. Your
0:09
Speaker 1: key to exceptional real estate experience is start here Meeks Realtygroup.
0:13
Speaker 1: Contact us at Meeks dot us.
0:16
Speaker 2: The views and opinions expressed on this program do not
0:18
Speaker 2: necessarily reflect the views and opinions of five eight WCCHS,
0:22
Speaker 2: its employees or WVRC Media. This is Retire Right Radio,
0:28
Speaker 2: a weekly show from John Verdett at Fourth Avenue Financial
0:31
Speaker 2: that aims to answer your questions about financial planning, investing,
0:35
Speaker 2: and how to retire right. Fourth Avenue Financial is located
0:38
Speaker 2: in downtown Charleston at one seventy Court Street. More information
0:42
Speaker 2: online at Fourth Avenue Financial dot com. Join the conversation
0:47
Speaker 2: by calling three oh four three four five fifty eight
0:49
Speaker 2: fifty eight or text three oh four nine three five
0:52
Speaker 2: fifty oh eight. On Retire Right Radio, Let's go lide
0:57
Speaker 2: to the studio with host Dale Cooper and John Verdett,
1:00
Speaker 2: Fourth Avenue Financial.
1:01
Speaker 3: Show and a very pleasant Monday morning Tia. Thanks for
1:04
Speaker 3: tuning in. This is delkav. I'm back on Monday. It
1:06
Speaker 3: seems like it's been forever since I've had a Monday show.
1:08
Speaker 3: It's been forever since John and I've been in the
1:10
Speaker 3: studio together. I think right now I missed last Monday too.
1:12
Speaker 3: You and Lorgan we're here, and then maybe we did
1:14
Speaker 3: one the week before that, and then we missed a
1:16
Speaker 3: couple in a row before that.
1:17
Speaker 4: It's been a little while, I think, so. Yeah.
1:19
Speaker 3: So we're back in the saddle again for the most part,
1:22
Speaker 3: here this morning, taking your phone calls, taking your text.
1:24
Speaker 3: John Bredad is here with Fourth Avenue Financial, helping you
1:26
Speaker 3: to retire.
1:27
Speaker 4: Right.
1:27
Speaker 3: You can call us this morning at three zero four
1:29
Speaker 3: three four five fifty eight fifty eight three four five
1:31
Speaker 3: fifty eight fifty eight. You can text three zero four
1:33
Speaker 3: non three five five zero zero eight three zero four
1:35
Speaker 3: non three five five zero zero eight. You can find
1:37
Speaker 3: out more information on non Fourth Avenue Financial dot com.
1:39
Speaker 3: So about the whole thing, Fourth Avenue Financial dot com.
1:41
Speaker 3: Also over on Facebook, you can do that same search
1:44
Speaker 3: and like the page over there.
1:45
Speaker 4: John. How you doing, man, I'm doing pretty good, excellent.
1:48
Speaker 4: It's a man.
1:49
Speaker 3: This was maybe one of the best weekends I can remember,
1:52
Speaker 3: whether wise, it was just so nice.
1:54
Speaker 4: Well, I'm still moving, so nothing exists right now.
1:57
Speaker 3: So you saw the weather as you were remove things
2:01
Speaker 3: to the truck and out of the truck or however
2:02
Speaker 3: it is that you're going to.
2:04
Speaker 4: Yeah, moving is always so fun.
2:07
Speaker 5: But you know, we haven't done it in over twenty years,
2:10
Speaker 5: so you know that it's a it's a new experience.
2:14
Speaker 5: That's it's always good to have new experiences. But it
2:18
Speaker 5: is amazing how much stuff you pile up in twenty
2:20
Speaker 5: years in a house.
2:21
Speaker 3: I every weekend when I start doing some work, and
2:24
Speaker 3: you know, we've sort of softly been in the market
2:27
Speaker 3: trying to see if we can find the right circumstance.
2:29
Speaker 3: And one of the demotivating factors is I look around
2:32
Speaker 3: and I'm like, I'd just rather stay here because it's like,
2:35
Speaker 3: I don't want to move this stuff.
2:37
Speaker 4: Man, there's too much.
2:38
Speaker 5: Yeah, we're kind of moving as we go, and I'm
2:43
Speaker 5: hoping that many things don't get moved, so we'll see.
2:47
Speaker 4: Yeah.
2:47
Speaker 3: Yeah, I know, you guys talked a lot about the
2:49
Speaker 3: home ownership last week when by the way, thanks a
2:51
Speaker 3: lot to Logan Scott from over on our assisters Station
2:54
Speaker 3: V one hundred, who you do sponsor a good number
2:57
Speaker 3: of things over in V. One hundred. It's it's good
2:59
Speaker 3: for Logan to come over here. He filled in for
3:00
Speaker 3: me last week and did a great job. So I
3:01
Speaker 3: really appreciate Logan in doing that for us. But we're
3:04
Speaker 3: here for you this morning. Our John's here for you
3:06
Speaker 3: this morning, and I'm here as your pastor. You're welcome
3:08
Speaker 3: to give us a call at three zero four three
3:09
Speaker 3: four five fifty eight fifty eight three four five fifty
3:11
Speaker 3: eight fifty eight. You can text three zero four nine
3:13
Speaker 3: three five five zero zero eight. Things are kind of
3:16
Speaker 3: interesting there in abouts. I mean the market is going.
3:19
Speaker 3: I mean things are happening fine in the market for
3:21
Speaker 3: the most part.
3:22
Speaker 5: The market was up last week a little over one percent.
3:25
Speaker 5: The tech stocks are back to leading the way earnings have.
3:31
Speaker 5: You know, we earlier in the year we thought earnings
3:33
Speaker 5: would be higher, and then there was this swoon in
3:36
Speaker 5: expectations where the market had cut expectations to where we
3:41
Speaker 5: would have three four percent growth this quarter. And now
3:46
Speaker 5: we're about ninety percent of the way through earning seasons
3:49
Speaker 5: and we're we're up close to ten percent on earnings.
3:51
Speaker 5: So you know, as long as earnings are growing like that,
3:56
Speaker 5: that's a good backdrop for stocks to make progress. As
4:00
Speaker 5: as you know, as the earnings go up, the valuations
4:05
Speaker 5: come down, and so there's always this uh, you know,
4:10
Speaker 5: tug of war between value, you know, what is what
4:13
Speaker 5: is the right thing to pay for those earnings that
4:15
Speaker 5: are happening, And as long as the earnings are matching
4:18
Speaker 5: expectations or beating expectations, that's usually a good backdrop for stocks.
4:23
Speaker 3: I saw the Uh, well, I guess basically what we've
4:28
Speaker 3: been talking about and kind of the way we've been
4:29
Speaker 3: tracking things over the time. For a while, the market
4:33
Speaker 3: had broadened out quite a bit where we had a
4:35
Speaker 3: lot of more traditional players as well as the tech
4:37
Speaker 3: stocks that were involved in things. Tech has kind of
4:39
Speaker 3: rotated back to the top of that right now.
4:42
Speaker 5: It seems to be yes, the the you know, the
4:45
Speaker 5: earnings that have come out that certainly the tech earnings
4:48
Speaker 5: have not have not disappointed, you know. That is one
4:50
Speaker 5: of the risks in the high value stocks.
4:53
Speaker 2: Uh.
4:54
Speaker 5: When I say high valued, I mean multiple of earnings
4:58
Speaker 5: that you're paying. You know, you might by you know,
5:01
Speaker 5: Coca Cola might be twenty times earnings, but one of
5:04
Speaker 5: these tech stocks might be forty or fifty times earning,
5:07
Speaker 5: so you're you're paying more for it because it's growing faster. Well,
5:10
Speaker 5: if that growth disappoints, you know, then you have a
5:13
Speaker 5: problem with the stock price. And so far that growth
5:16
Speaker 5: hasn't disappointed, which which you know, somewhat justifies the high
5:21
Speaker 5: prices you're paying for those stocks.
5:23
Speaker 3: One of the things that I think is interesting, and
5:25
Speaker 3: we're going to talk a little bit about risk this morning,
5:27
Speaker 3: and so if you have a question about how you
5:29
Speaker 3: can assess your risk, if an idea that you have
5:32
Speaker 3: or something that you're trying to achieve is too risky,
5:34
Speaker 3: or if well, what exactly is risk? I mean maybe
5:36
Speaker 3: some things that you consider it's a risk scenario isn't
5:40
Speaker 3: necessarily one. You can give us a call this morning,
5:42
Speaker 3: John can help you kind of navigate through that. Threes
5:43
Speaker 3: are a four three four five fifty eight fifty eight.
5:45
Speaker 3: Threes are a four three four five fifty eight fifteen.
5:47
Speaker 3: There's a lot of different things that you can do
5:48
Speaker 3: within your retirement. You're planning and different things like that
5:51
Speaker 3: that people may consider to be more risky, and there's
5:53
Speaker 3: just things that are within the normal, you know, every day,
5:56
Speaker 3: every day of things.
5:57
Speaker 4: Back in when we.
5:58
Speaker 3: Had the the real estate crash in two thousand and eight.
6:01
Speaker 3: You know, people that suffered from that to some degree
6:05
Speaker 3: didn't really do anything except just go about their normal business,
6:08
Speaker 3: you know. But the market eventually balanced out and people
6:10
Speaker 3: that played that the right way came through it right.
6:14
Speaker 3: But that wasn't something that you can necessarily avoid if
6:16
Speaker 3: you were a risk averse, because there may not have
6:19
Speaker 3: been in that necessarily in the tea leaves. But there
6:21
Speaker 3: are things that you can do to evaluate what risk
6:25
Speaker 3: that you're comfortable with. And risk isn't necessarily a bad thing.
6:27
Speaker 3: You can turn risk into into quite into something that
6:31
Speaker 3: could put your money to work for you quite well.
6:34
Speaker 3: But you just have to make sure that you're the
6:36
Speaker 3: right person for it. You're matching your risk with what
6:37
Speaker 3: your personality is and things like that.
6:39
Speaker 5: Yeah, for sure, and under you know, understanding risk in
6:42
Speaker 5: a way that you know a lot of folks perceive
6:47
Speaker 5: risk is one thing, I lost money or my account
6:49
Speaker 5: went down at value, and that is a risk, But
6:53
Speaker 5: there are other risks. And if you react too strongly
6:58
Speaker 5: to the risk that you have in your mind, for instance,
7:01
Speaker 5: the market goes down, then you're exposing yourself to potential
7:06
Speaker 5: other risks that you're not focusing on. For instance, if
7:13
Speaker 5: you avoid the market because the market can go down,
7:17
Speaker 5: if the stock market can go down, then you're exposing
7:21
Speaker 5: yourself fully to the risk of the loss of purchasing
7:25
Speaker 5: power and retirement, the loss of the dollar's value through
7:30
Speaker 5: inflation because companies stocks historically keep up with inflation better
7:36
Speaker 5: than any asset. Glass well, so you pull back from
7:40
Speaker 5: the risk of the market volatility and say I don't
7:44
Speaker 5: want exposure to that, but then you fully expose yourself
7:47
Speaker 5: to the other risk. And really, when you're building a portfolio,
7:51
Speaker 5: it's there is risk in everything.
7:54
Speaker 4: There is risk.
7:55
Speaker 5: And putting a cash in a tin can and burying
7:58
Speaker 5: it in your backyard, you know you have the inflation risks.
8:02
Speaker 5: You have the risk of somebody stealing it or or
8:05
Speaker 5: or you know, a squirrel digging it up. You know
8:07
Speaker 5: there are risks to absolutely everything that you do, and
8:13
Speaker 5: and when you build a portfolio you try to keep
8:16
Speaker 5: the goal in mind and then balance those risks out.
8:20
Speaker 5: You can't get rid of all the risk, but you
8:22
Speaker 5: can diversify and balance those risks out so that Okay,
8:26
Speaker 5: I'm not comfortable with the full volatility of the market.
8:29
Speaker 5: For instance, but I know that I need to protect
8:32
Speaker 5: myself against grocery prices going up in my retirement. How
8:36
Speaker 5: do I balance that out? Will you blend your assets
8:39
Speaker 5: together to try to find out try to determine, Okay,
8:45
Speaker 5: what am I comfortable with? What can I sleep with
8:47
Speaker 5: at night? And where do am I balancing the risk?
8:49
Speaker 5: But the biggest thing is not understanding the full risk
8:53
Speaker 5: you take in all areas. You know, focusing on one
8:56
Speaker 5: risk and not focusing on anything else fully exposes you
9:01
Speaker 5: to that.
9:02
Speaker 3: Yeah, it's like if you get kind of obsessed with
9:04
Speaker 3: one particular thing or you know what, people will hear
9:07
Speaker 3: a lot of times. They'll see you like a ted talk,
9:09
Speaker 3: or they'll see something and they'll be convinced that that's
9:10
Speaker 3: the one thing that's going to crash the economy or
9:12
Speaker 3: save the economy, whatever it might be. And then it's
9:14
Speaker 3: okay to have those thoughts and to wonder about it.
9:16
Speaker 3: But when you start making financial decisions based on things
9:19
Speaker 3: like that, it could get a little bit shoppy for
9:21
Speaker 3: you because that necessarily how the way things work.
9:23
Speaker 5: Sure, and you know, you think, well, CDs, for instance,
9:27
Speaker 5: what could what risk could there be in a CD
9:29
Speaker 5: or a fixed investment a fixed bond. Well, you know,
9:33
Speaker 5: one of the trade offs in that is how long
9:36
Speaker 5: do you lock your money up for. Let's say you
9:40
Speaker 5: buy something that's paying four percent and you're living off
9:45
Speaker 5: that interest. You know, a four percent distribution is what
9:49
Speaker 5: a lot of folks say, Well, that's a that's a
9:52
Speaker 5: reasonable amount to pull off of a portfolio in retirement.
9:56
Speaker 5: Let's say you get a security, a bond or a
9:59
Speaker 5: CD pay four percent. Say well, fine, I'm getting the
10:02
Speaker 5: income that I should off of my portfolio, and I'm
10:06
Speaker 5: not taking any risk to the principle because I know
10:09
Speaker 5: that the risk there is what happens when that bond
10:14
Speaker 5: or CD matures. The risk is Okay, now interest rates
10:19
Speaker 5: might be two percent. Well now your income and retirement
10:22
Speaker 5: got cut in half. Oh well yeah, if that was
10:27
Speaker 5: your sole investment and you were trying to protect yourself
10:30
Speaker 5: from market risk, you know. So there's there's even in
10:34
Speaker 5: a safe, one hundred percent guaranteed principal investment that pays
10:39
Speaker 5: you an interest, there is a risk in that. And
10:42
Speaker 5: that's sometimes it's we get so focused on those singular
10:48
Speaker 5: risks that are in our mind that we forget about
10:51
Speaker 5: the others.
10:52
Speaker 3: That makes sense It's like trying to drive somewhere in
10:55
Speaker 3: a car and that there's normal amount of safety that
10:59
Speaker 3: you can take, and you have a make it thereby
11:00
Speaker 3: is a certain amount of time. There's normal amount of
11:02
Speaker 3: safety you can take, or you can take no safety.
11:03
Speaker 3: Get there a lot faster, you get there the norm
11:05
Speaker 3: amount of time. But if you're too safe in trying
11:07
Speaker 3: to go there, like you stop extra long at every
11:09
Speaker 3: stop stop sign and maybe let people go in front
11:12
Speaker 3: of you all the time, and then you're driving ten
11:14
Speaker 3: miles under the speed limit or whatever else, Suddenly, man,
11:16
Speaker 3: you were super safe getting there, but you missed the
11:18
Speaker 3: deadline by like an hour, you.
11:20
Speaker 4: Know, so you got to be careful of those things.
11:22
Speaker 5: Or or you know, you're going ten miles under the
11:24
Speaker 5: speed limit and in the semi behind you right, you know,
11:29
Speaker 5: so you know there there again, there's risk and everything.
11:32
Speaker 3: And what fascinates me about the conversations we have a
11:35
Speaker 3: lot because risk underlies a lot of our discussions every
11:39
Speaker 3: week to some degree, you know, I mean, there's always
11:41
Speaker 3: a little bit of underlying risk in the things that
11:43
Speaker 3: we talk about. But the thing that really I think
11:46
Speaker 3: that should be a buoyant to the people that listen
11:49
Speaker 3: to this program. And also when they're trying to plan
11:50
Speaker 3: for their retirement. Is even when you decide to take
11:53
Speaker 3: a risk, a lot of chances times if somebody's coming
11:55
Speaker 3: to you and they have some idea they want to
11:57
Speaker 3: invest in a bitcoiny ft here and you know something
11:59
Speaker 3: along those if it might be considered a little risky,
12:02
Speaker 3: you can make recommendations like, well, let's balance that out
12:04
Speaker 3: in other ways, you know, to make sure that the person,
12:06
Speaker 3: although they may be exposing themselves to a little bit
12:09
Speaker 3: of risk, you can put some safety parameters around that
12:12
Speaker 3: so they're not as exposed as what they could be
12:14
Speaker 3: as long as they're doing it right. Which is yet
12:15
Speaker 3: another great idea when when you're doing stuff like this,
12:18
Speaker 3: to contact a professional like John Bredett because you can
12:20
Speaker 3: help with those types of things. Okay, you want you
12:22
Speaker 3: want to get a little bit into the bitcoin space,
12:24
Speaker 3: you want to play around, Not that you necessarily would
12:25
Speaker 3: recommend that, but if somebody was dead set against it
12:28
Speaker 3: and then wondering how to do it safely, you can
12:29
Speaker 3: help with.
12:30
Speaker 5: That, sure, yeah, trying to help balance the risk out.
12:33
Speaker 5: Like you say, the first thing you do is determine
12:35
Speaker 5: what your goal is and what your timerizing is, and
12:38
Speaker 5: then you can use the right investment tool to achieve
12:41
Speaker 5: that in the most probable way and to try to
12:47
Speaker 5: balance it out in a way that you can sleep
12:49
Speaker 5: at night. You know it does no good. For instance,
12:54
Speaker 5: volatile stocks over time have some of the best returns
12:58
Speaker 5: of any asset class. Ownership of companies growth companies, well,
13:03
Speaker 5: they're also the most volatile. Now, if you have a
13:07
Speaker 5: thirty years to retirement, it might be reasonable to suggest
13:12
Speaker 5: just put all your money in those type of stocks. Well,
13:15
Speaker 5: the problem is those long term returns that you want
13:21
Speaker 5: are going to have many more peaks and valleys along
13:24
Speaker 5: the rod. And the risk that if you go out
13:29
Speaker 5: of your comfort zone too far is that while we
13:33
Speaker 5: know historically if you stick with it works out, is
13:37
Speaker 5: that you don't stick with it, you panic at some point,
13:40
Speaker 5: you can't sleep at night, you're uncomfortable with it. Then
13:45
Speaker 5: what good is it to put a plan like that together?
13:48
Speaker 5: If you can't follow through with it.
13:49
Speaker 3: You can tell yourself, well, you want in twenty years,
13:51
Speaker 3: this is we find in twenty years, this Is'm be
13:53
Speaker 3: fine in twenty But if you can't get over that
13:55
Speaker 3: hump psychologically, you're just always going to be right. Basically
13:57
Speaker 3: worrying a hole in your pocket.
13:59
Speaker 5: That's right, And that is where setting down with someone
14:04
Speaker 5: like myself, you know, we try to discover not just
14:09
Speaker 5: financially what should be done, but psychologically what should be done,
14:13
Speaker 5: and we try to mix those investments in a way
14:15
Speaker 5: that gets you from from where you are to your
14:18
Speaker 5: goal in a way that is that is tolerable using
14:22
Speaker 5: all the investment tools. And you know, that's not an
14:26
Speaker 5: exact science that that's that's not something you can ask
14:29
Speaker 5: AI to do because it's a very personal thing.
14:32
Speaker 3: And I know that it's so the psychology behind it
14:35
Speaker 3: could be so interesting. I have a situation of my
14:38
Speaker 3: family where my wife was left up a little bit
14:41
Speaker 3: of money from from uh uh, from a relative of
14:44
Speaker 3: the past, and this was something that was tied up
14:47
Speaker 3: into like his career in the job that he had.
14:50
Speaker 3: It was shares that was given to him. It was
14:52
Speaker 3: like this, this, this whole thing. And she's been very
14:55
Speaker 3: reluctant to really do much with that other than just
14:57
Speaker 3: let it ride where it was when she got it.
14:59
Speaker 3: It's honestly been a huge mistake. But some people get
15:02
Speaker 3: kind of emotionally attached to the way the money was
15:06
Speaker 3: given to them, how they achieved it, you know, like,
15:08
Speaker 3: well I got here riding this rocket, so I want
15:10
Speaker 3: to take this rocket and run it to the end
15:11
Speaker 3: no matter what. Those are some of the barriers that
15:14
Speaker 3: you might need to get over when you look at
15:16
Speaker 3: things from more of an ego perspective and trying to
15:18
Speaker 3: find where the money is going to do the best
15:19
Speaker 3: work for you.
15:21
Speaker 5: Yes, because your goals evolve. You know, your stage of
15:24
Speaker 5: life evolves and your time horizon evolved, so your investments
15:28
Speaker 5: should evolve with that, or you're going to expose yourself
15:32
Speaker 5: to those hidden risks, you know, Like you say the market,
15:37
Speaker 5: long term ownership of companies that are working out there
15:40
Speaker 5: and serving people is certainly a way to build wealth
15:44
Speaker 5: over time owning productive companies. There's almost no better way
15:48
Speaker 5: to do to build wealth. But if you don't have
15:52
Speaker 5: a long time or the time horizon for that to
15:56
Speaker 5: play out, you're exposing yourself to risk. Even though even
16:00
Speaker 5: though mathematically those might be long term the right things
16:03
Speaker 5: to do, they might exactly be the wrong thing to
16:06
Speaker 5: do short term. You know, if you buy something extremely
16:10
Speaker 5: risky and you know you've got a wedding, you've got
16:12
Speaker 5: to pay for in six months. Yeah, well I don't
16:17
Speaker 5: know what the market's going to do in six months.
16:19
Speaker 5: And I'm the quote professional here right, Well, you don't
16:24
Speaker 5: know what the market's going to do in six months either,
16:26
Speaker 5: No one does because life is unpredictable. And if you're
16:32
Speaker 5: in a type of investment that could go down twenty
16:36
Speaker 5: or thirty percent in a short order like the market can,
16:40
Speaker 5: should you be in that investment to pay for that
16:42
Speaker 5: wedding in six months because you know you have that expense. No, No,
16:48
Speaker 5: there are better ways to invest that money where you
16:50
Speaker 5: can more ensure that the principle will be there at
16:53
Speaker 5: the time horizon that you need it to pay for
16:55
Speaker 5: that event. So you know, don't expose yourself to you know,
17:00
Speaker 5: one type of risk would you have that that stated
17:05
Speaker 5: goal And so that's that's what's so very important to understand,
17:09
Speaker 5: you know, the individual as you're building that financial plan.
17:13
Speaker 3: This is great advice as always with John Bredett from
17:15
Speaker 3: Fourth Avenue Financial, encourage you to give us a call.
17:16
Speaker 3: We're going to take a break here in just a
17:17
Speaker 3: second and when we come back one and have plenty
17:19
Speaker 3: of time for you to get in on the conversation.
17:21
Speaker 3: If you want some help on how you can manage
17:23
Speaker 3: your risk, or if you just have some questions in
17:24
Speaker 3: general on how you can retire right. Getting a late start,
17:27
Speaker 3: are you wondering if you're at the right place or
17:29
Speaker 3: whatever it might be. Well, I'll talk about this when
17:31
Speaker 3: we come back, because it's a great illustration of what
17:33
Speaker 3: you just talked about was something that happened to me personally.
17:34
Speaker 3: So we're going to get into a lot more when
17:36
Speaker 3: we come back. And plus, hopefully your phone calls and you
17:38
Speaker 3: can give us a call this morning three zer a
17:39
Speaker 3: four three four five fifty eight fifty eight three four
17:41
Speaker 3: five fifty to fifty eight. Remember when you call, it
17:42
Speaker 3: goes into an auto Q, so you'll hear the show
17:45
Speaker 3: audio right away, and then we'll ask your name to
17:47
Speaker 3: get you on.
17:48
Speaker 4: Air right after that.
17:48
Speaker 3: So give us a call three zero four three four
17:50
Speaker 3: five fifty eight fifty eight three four five fifty eight
17:52
Speaker 3: fifty eight. You can also text over your questions to
17:54
Speaker 3: three zero four non three five five zero zero eight.
17:56
Speaker 3: You're listening to a retire Right radio with John Bredet
17:58
Speaker 3: from Fourth Avenue Financial Online one fourth Avenue Financial dot
18:01
Speaker 3: Com located once so Many Court Street right here in
18:03
Speaker 3: downtown Charleston. We'll take a break and be backgra after this.
18:06
Speaker 3: This is as the Expert on Monday on Retire Right
18:10
Speaker 3: Radio with John Meredet FAVDWCHS, the Voice of Charleston.
18:13
Speaker 6: Retire Right Radio was sponsored by Fourth Avenue Financial, which
18:15
Speaker 6: is solely responsible for its content. Security is offered through
18:18
Speaker 6: jw CL Financial Member Fenrecipic Investment advice offered through jw
18:22
Speaker 6: COL Advisors. Fourth Avenue Financial, jw CL Financial and jw
18:25
Speaker 6: COL Advisors are unaffiliated entities. The opinions expressed by John
18:29
Speaker 6: Burdett should not be construed as specific investment, legal, or
18:32
Speaker 6: tax advice. All economic and performance information is historical and
18:35
Speaker 6: not indicative of future results. Investing may involve risk of
18:39
Speaker 6: loss of principle. Any tax advice on this show is
18:41
Speaker 6: not intended to be used by any person for the
18:43
Speaker 6: purpose of avoiding US federal or state tax penalties that
18:47
Speaker 6: may be imposed on such a person, and each listener
18:49
Speaker 6: should seek advice from their tax advisor or legal console
18:53
Speaker 6: on topics that arise from the show. John Burdett is
18:55
Speaker 6: not providing legal or tax advice. Nothing should be construed
18:58
Speaker 6: as solicitation of an offer to buy securities. This program
19:01
Speaker 6: is sponsored by Fourth the Avenue Financial, which is solely
19:04
Speaker 6: responsible for its content.
19:06
Speaker 7: I'm Kanaf County Sheriff Joey Crawford. This August twenty seventh
19:09
Speaker 7: through the twenty ninth, weather permitting, our tax division will
19:12
Speaker 7: once again offer a curb side collecting service. Pay your
19:15
Speaker 7: taxes from the comfort of your car in front of
19:18
Speaker 7: our courthouse from nine am to four pm each day.
19:21
Speaker 7: Our tax divisions will still be open weekdays and you.
19:24
Speaker 4: Can also mail in.
19:25
Speaker 7: You'll remit or pay online at Canallshriff dot us.
19:28
Speaker 4: Questions please feel.
19:29
Speaker 7: Free to call us at three oh four three five
19:32
Speaker 7: seven zero two one zero.
19:34
Speaker 1: The latest and news, talking sports when five eight WCCHS
19:38
Speaker 1: is brought to you by Jarrett Construction.
19:40
Speaker 2: Visit Jerrett Dashconstruction dot com for more information.
19:43
Speaker 1: Time right on the boches call on Cherityshuk Show.
19:50
Speaker 3: The Hussin's August Special is a large eighteen inch Pepperoni
19:54
Speaker 3: pizza and a big eight inch chocolate chip cookie for
19:57
Speaker 3: just twenty three ninety nine. Visit your nearest Husson's for
20:01
Speaker 3: dine in, pick up or delivery. Order now at Hussinspizza
20:04
Speaker 3: dot com.
20:05
Speaker 2: This is retire Right Radio with John Burdett from Fourth
20:09
Speaker 2: Avenue Financial, taking your calls at three oh four, three
20:13
Speaker 2: four five fifty eight fifty eight or text on three
20:16
Speaker 2: oh four nine three five fifty eight.
20:27
Speaker 4: Eighteen minutes and two nine o'clock.
20:32
Speaker 3: You're listening to retire Right Radio on Bob adw c
20:35
Speaker 3: HS the voice for Charleston. Yeah, let that uh, let
20:40
Speaker 3: the doors kind of fade out there a little bit. Yeah,
20:42
Speaker 3: that's nothing wrong with that.
20:43
Speaker 4: You give us gonna break into the the chorus.
20:46
Speaker 3: Yeah, Yeah, there's something about hearing that, like, uh, hearing
20:50
Speaker 3: that doors media, it just makes me want to break
20:53
Speaker 3: out into Jim Morrison in some way, shape or form.
20:55
Speaker 4: I don't know what it is. It's it's one of
20:57
Speaker 4: those things.
20:58
Speaker 3: Speaking of the doors, the doorway to get it on
21:00
Speaker 3: the radio this morning, here's a segue for it. Threes
21:03
Speaker 3: are four three four five fifty eight fifty eight. Threes
21:05
Speaker 3: are a four three four five fifty eight fifty. You
21:07
Speaker 3: can also text three zero four nine three five five
21:09
Speaker 3: zero zero eight one of the great or one small.
21:12
Speaker 3: I guess illustration of just what the difference is, or
21:16
Speaker 3: what the difference can be between obsessing over something and
21:18
Speaker 3: then just letting something that you were confident in kind
21:21
Speaker 3: of ride. I think it was sometime last year I
21:24
Speaker 3: had messed around with my allocations of my four oh
21:26
Speaker 3: one K. I don't know why, but I was like, Okay, well,
21:29
Speaker 3: I know so much more about this stuff now than
21:31
Speaker 3: what I did when I first put this thing together.
21:33
Speaker 3: Let's get in here. I'm not going to go crazy
21:35
Speaker 3: with this. I just want to make a few little
21:36
Speaker 3: tweaks or whatever. And I remember years ago when I
21:39
Speaker 3: first set that up. I'm basically mirror, not really mirrored.
21:43
Speaker 3: I did like a different version of my idea on
21:46
Speaker 3: my on my HSA account as I did on my
21:49
Speaker 3: on my regular four o one K account. Well, I
21:52
Speaker 3: sat down and was paying some medical bills last week
21:55
Speaker 3: and I had to get into my investment account on
21:58
Speaker 3: my HSA to pull some money out of it in
22:00
Speaker 3: order to pay some of these medical bills. And I
22:02
Speaker 3: was absolutely floored by the amount of money. I hadn't
22:05
Speaker 3: checked it seriously this year. I don't even think I
22:07
Speaker 3: hadn't had anything major medical happen. It's just an automatic
22:09
Speaker 3: system where I deposit money, it gets over a certain amount,
22:12
Speaker 3: and invest whatever is over the certain I hadn't looked
22:14
Speaker 3: at it in literally months, probably since January or something,
22:17
Speaker 3: but I didn't touch it. I didn't touch the allocation
22:20
Speaker 3: in this one. I figured it was too small to
22:22
Speaker 3: worry about or whatever. Right that sucker is up tons,
22:25
Speaker 3: I mean like twelve or thirteen or fourteen percent. I
22:28
Speaker 3: mean it's doing great. I have so much I mean,
22:30
Speaker 3: not so much money in there, but I mean my
22:31
Speaker 3: medical bills were no problems at all, still doing a
22:33
Speaker 3: great job and things like that. I look at the
22:35
Speaker 3: four on one K that I tweaked at the big
22:37
Speaker 3: at the beginning of the year, performing much worse, like overall,
22:41
Speaker 3: performing much much worse than the one that I just
22:43
Speaker 3: left alone at the beginning of the year. So it just,
22:45
Speaker 3: I mean, I don't know if it's really my fault
22:47
Speaker 3: or who knows it's not. It wasn't exactly the same allocation,
22:49
Speaker 3: so who knows.
22:50
Speaker 4: What would have happened.
22:51
Speaker 3: But in my mind, I kind of feel like I
22:53
Speaker 3: should have just taken the advice that we give on
22:55
Speaker 3: the show, just leave the stuff alone. You know, I
22:56
Speaker 3: wasn't overbalanced in any particular area. They were all mutual funds.
22:59
Speaker 3: It's not like I was marrying into stocks or anything.
23:02
Speaker 3: They know what they're doing with with with managing those things, you.
23:04
Speaker 5: Know, well, it also has to do with allocation. I mean,
23:07
Speaker 5: you may have had more of a concentrated position in
23:11
Speaker 5: the HSA, which there again obviously worked over that time period.
23:17
Speaker 4: However this time right, will that work over.
23:20
Speaker 5: Every time period? No, it just statistically can't work over
23:25
Speaker 5: every time period, or everyone would only own.
23:27
Speaker 4: That one investment.
23:29
Speaker 5: So, you know, balancing out those you know, your four
23:34
Speaker 5: oh one K probably is more broadly diversified, so you
23:38
Speaker 5: don't have just tech stocks in there. You don't have
23:41
Speaker 5: just US stocks in there. You don't you know, you
23:44
Speaker 5: have some international exposure, small cap, mid cap, so you're
23:48
Speaker 5: covering all the bases in that, which gives you a
23:51
Speaker 5: smoother ride from point A to point B because of
23:54
Speaker 5: the diversification. You know, you may may give up a
23:59
Speaker 5: little return because you're giving up some volatility, but you're
24:03
Speaker 5: still owning all of the pieces that will cycle in
24:06
Speaker 5: favor and out of favor, so you'll never have everything
24:09
Speaker 5: out of favor at one time.
24:12
Speaker 4: That's impossible.
24:12
Speaker 5: If you have different assay classes, you'll never have everything
24:16
Speaker 5: in the best place at any given time. And a
24:19
Speaker 5: lot of times, it's just human nature. You'll look at
24:23
Speaker 5: those portfolios that are well diversified and you'll say, well,
24:26
Speaker 5: you know what, I should have owned more of the
24:29
Speaker 5: XYZ because it did so well, and then you end
24:32
Speaker 5: up trading off your diversification to chase that return that
24:40
Speaker 5: is backwards looking. You know, things don't stay out of
24:45
Speaker 5: favor or in favor forever. They cycle. Well, if if
24:49
Speaker 5: you just chase what did well last year, that might
24:53
Speaker 5: not be the same thing this.
24:54
Speaker 3: Year, as we saw earlier this year where Techtok's rotated
24:57
Speaker 3: down for a little while and so forth right.
24:59
Speaker 5: And if you're constantly if you're overtweaking that, you know
25:04
Speaker 5: you're really not doing anything but chasing the tail of
25:08
Speaker 5: something that's already passed, and that statistically is not how
25:14
Speaker 5: you should manage that portfolio. You know, the same thing
25:19
Speaker 5: when you look at your four O one K and
25:20
Speaker 5: try to pick your allocation, you know, don't go down
25:24
Speaker 5: the list and say, well, I need four funds to
25:27
Speaker 5: be diversified, and here are the four that did best
25:30
Speaker 5: last year. Well, they did best last year because they
25:33
Speaker 5: probably owned almost identical stocks at least the same sectors
25:40
Speaker 5: they would have to or they wouldn't have performed similarly.
25:44
Speaker 5: So you know, you have to be careful. You know,
25:49
Speaker 5: that is a risk in itself when we're talking about
25:52
Speaker 5: risk that you're concentrated in your portfolio, even if when
25:56
Speaker 5: you might think you're diversified.
25:58
Speaker 3: And you may not necessarily be like one of the
26:01
Speaker 3: things that and again this gets so complicated trying to
26:04
Speaker 3: do it yourself when you talk about the different funds
26:07
Speaker 3: that could invest in virtually identical or very similar types
26:11
Speaker 3: of portfolios. And so if you think that you're getting
26:15
Speaker 3: something just because they have different initials after their names
26:17
Speaker 3: or different companies that put them together, and you're like, well,
26:19
Speaker 3: I'll try this one and i'll try this one, and
26:21
Speaker 3: you're basically investing in the same thing and you don't
26:24
Speaker 3: know it.
26:24
Speaker 4: And those are the things that could be great.
26:25
Speaker 3: You know if those if what the stocks that those
26:28
Speaker 3: are indexing are doing great, but that's not diversification. You
26:31
Speaker 3: need to make sure that you're in funds that are
26:34
Speaker 3: that are more diversified and you're not just doubling up
26:37
Speaker 3: on different things.
26:37
Speaker 4: Sure.
26:38
Speaker 5: And also when you look at your funds and you,
26:42
Speaker 5: for instance, picked the ones that did best last year,
26:45
Speaker 5: in this case, what is that it's large company stocks
26:50
Speaker 5: and inside for O one k's if you look at
26:54
Speaker 5: the at the fun choices you have, they're most always
26:59
Speaker 5: the large funds in existence. Some of these funds manage
27:04
Speaker 5: tens of billions of even one hundred billion plus dollars
27:09
Speaker 5: under management in that one single fund. How is that
27:14
Speaker 5: manager going to put that to work unless they buy
27:17
Speaker 5: the largest companies. You know, Navidia is a four trillion
27:22
Speaker 5: dollar company. Microsoft's about around a four trillion dollar company.
27:26
Speaker 5: You know, a one hundred billion dollar fund can invest
27:29
Speaker 5: in that stock and not buy the whole company. That
27:34
Speaker 5: manager is not looking at smaller mid cap stocks because
27:37
Speaker 5: they have so much money they would have to acquire
27:41
Speaker 5: the whole company for it to be meaningful in the
27:44
Speaker 5: size of that portfolio. And so that's why those larger
27:48
Speaker 5: funds have so much overlap in their holdings because they
27:52
Speaker 5: all have to almost play in the same space because
27:57
Speaker 5: they've got too much money to put to work to
28:00
Speaker 5: make it meaningful any other way. You know, a fifty
28:05
Speaker 5: million dollar investment in a company, if you're one hundred
28:09
Speaker 5: billion dollar fund, is meaningless that that fifty million could
28:12
Speaker 5: double or triple or quadruple in value and it doesn't
28:15
Speaker 5: move the needle on the whole pot.
28:17
Speaker 4: That's fascinating.
28:18
Speaker 3: Yeah, when you look at it, when you step out
28:20
Speaker 3: and really look at it broadly. Like that another thing
28:22
Speaker 3: that I noticed when I was kind of just looking
28:24
Speaker 3: around into my investments and things, specifically talking about my
28:28
Speaker 3: four one K when I've been back here in West Virginia.
28:31
Speaker 3: So in this account, generally speaking for just under fifteen years,
28:36
Speaker 3: so we're looking at the last Obama term, first a
28:41
Speaker 3: President Trump term, the Biden term, and now the second
28:44
Speaker 3: President Trump term. The strange thing is is when I
28:47
Speaker 3: look at that thing, it basically just goes up right
28:52
Speaker 3: right over this fourteen year period. I mean, if I
28:57
Speaker 3: zoom in, you can find the rough rides that we saw.
29:00
Speaker 5: It's all about the perspective. And you know, like you say,
29:04
Speaker 5: long term, look at any chart of the market over time,
29:07
Speaker 5: and you can see that it's upward sloping almost always.
29:11
Speaker 3: Man, this is just twelve years, you know, So this
29:12
Speaker 3: is three different presidential presidents during this time. And basically
29:18
Speaker 3: if you told me that it was the same president
29:19
Speaker 3: for twelve years, you like, just looking at the market,
29:22
Speaker 3: you'd be like, yeah, sure that tracks. It makes sense
29:24
Speaker 3: because really seriously, it basically just goes up.
29:27
Speaker 4: Yeah. Oh well politics is not the market, right, Yeah,
29:29
Speaker 4: that's that's so true, man.
29:31
Speaker 5: And then the earnings of the companies that matter. Now,
29:34
Speaker 5: policy can affect earnings, but when it affects earnings, it's
29:39
Speaker 5: usually it might affect some earnings and benefit other earnings.
29:43
Speaker 4: So it's like a reallocation of that, right.
29:45
Speaker 5: Right, So when you look at the market as a whole,
29:48
Speaker 5: you know, companies exist, serve people and make a profit
29:52
Speaker 5: doing it.
29:55
Speaker 4: They're pretty good at that.
29:56
Speaker 3: Yeah, and if not, that person gets fired and somebody
29:59
Speaker 3: else comes in do the job better.
30:01
Speaker 5: That's right, and innovation happens. We can see that in
30:03
Speaker 5: our daily lives. All the changes that have happened, even
30:06
Speaker 5: in the last twelve years, you know, all the technologies,
30:09
Speaker 5: all the efficiencies that have come out and been innovated.
30:14
Speaker 5: That all feeds into earnings. And you're going to see
30:18
Speaker 5: that with AI, I'm sure start to play out. You know,
30:22
Speaker 5: the computer coders, for instance, big six figure jobs, you know,
30:29
Speaker 5: they act like that those are going to be almost
30:31
Speaker 5: extinct in a couple of.
30:32
Speaker 4: Years because they're going to trust AI to do it.
30:34
Speaker 5: Well, how many you know those companies that utilize those
30:38
Speaker 5: those folks, you're replacing a six figure job with a
30:43
Speaker 5: line of code, right, That's that's bad for the person
30:49
Speaker 5: that lost the job. But if you own the company,
30:53
Speaker 5: own stock in that company, guess what that company is
30:55
Speaker 5: all of a sudden a lot more profitable and efficient
30:58
Speaker 5: at serving as.
30:59
Speaker 3: Long as the robot doesn't end up like doing something
31:02
Speaker 3: to completely crash the company at some point in time.
31:04
Speaker 3: That's the thing that man, I have this real concern
31:07
Speaker 3: about just how hot ai is right now and how
31:11
Speaker 3: it's getting incorporated into everything before we really know exactly
31:14
Speaker 3: what the results are going to be. How the guardrails work,
31:18
Speaker 3: you know, when you can still break a an LM
31:23
Speaker 3: from the outside going in just by resetting its prompts
31:26
Speaker 3: and stuff. They need to figure out ways to keep
31:28
Speaker 3: that from happening. I'm not I hope that I've read.
31:32
Speaker 3: Actually it was like a market Watch a podcast I
31:35
Speaker 3: listened to this weekend that is cautioning the AIS the
31:37
Speaker 3: next big bubble, and had some endicies under or some
31:41
Speaker 3: information underneath it. You know, all what's going to take
31:43
Speaker 3: is one or two things to go kind of bad,
31:45
Speaker 3: and that could be an area that you might start
31:48
Speaker 3: backpedaling from a little bit.
31:50
Speaker 4: Well, almost anytime there's innovation there there is that either
31:55
Speaker 4: dot com et cetera.
31:56
Speaker 5: Dot com, the same thing happened. Eventually it becomes frothy.
32:00
Speaker 5: Everybody wants to chase everything in it, and the reality
32:03
Speaker 5: is everything in it is probably not a good idea. Yeah,
32:06
Speaker 5: I mean, when I'm in the market, weeds that out.
32:09
Speaker 5: You know, when the automobile and manufacturing came about, there
32:13
Speaker 5: were hundreds and hundreds of auto companies, most of them
32:18
Speaker 5: did not make it.
32:19
Speaker 4: Yeah, that's a great point, you know it.
32:22
Speaker 5: You know, it is too early to tell really how
32:26
Speaker 5: that's all going to play out, but we know it's
32:28
Speaker 5: going to play out. It's almost inevitable at this point
32:31
Speaker 5: something will happen. To weed that out and to focus
32:36
Speaker 5: that in a way that is that is productive. I mean,
32:39
Speaker 5: that's uh, that's what history has has shown us. Now,
32:44
Speaker 5: you know, are there fears that this time it's different,
32:48
Speaker 5: and there's always fears that this time is different, but
32:51
Speaker 5: you know, at this point, it's it's it's it's really
32:54
Speaker 5: just a new technology that that new tool that that
32:59
Speaker 5: human if you're created to be able to use and
33:02
Speaker 5: and you know, just like about every tool there could
33:06
Speaker 5: be used for good or bad.
33:07
Speaker 3: There's a sweet spot where it or it's fine. But
33:09
Speaker 3: when you get beyond that, sometimes you find things that
33:12
Speaker 3: break down a little bit with it.
33:13
Speaker 4: It's very odd.
33:14
Speaker 5: You know, a hammer can build shelter and a hammer
33:17
Speaker 5: can knock somebody in the head. You know, it's it's uh.
33:20
Speaker 3: I find it kind of illustrat of the like the
33:22
Speaker 3: autumn you mentioned the automotive industry, and the automotive industry
33:27
Speaker 3: has recently. I've been reading some stuff on Consumer Reports
33:30
Speaker 3: and some industry magazines and stuff like that. We're getting
33:33
Speaker 3: ready to see a whole rash of new vehicles with
33:35
Speaker 3: buttons again, with switches and with cranks and things like that.
33:39
Speaker 3: We're going away from all of this heads up display,
33:42
Speaker 3: which obviously it makes sense because what everything is you
33:46
Speaker 3: keep your eyes on the road, keep your eyes on
33:47
Speaker 3: the road keeper. And then suddenly you're not keeping your
33:49
Speaker 3: eyes on the road. You have to you have to
33:51
Speaker 3: touch this, this, these all these menus and stuff just
33:53
Speaker 3: to like change your radio station. It's ridiculous that they've
33:56
Speaker 3: made it so complicated just to get in a car
33:58
Speaker 3: and use it. If that's if you just want to
34:00
Speaker 3: drive the point A to point B so and consumer spoke,
34:03
Speaker 3: and we're actually starting to see a lot of manufacturers
34:06
Speaker 3: are going to be rolling out you know, less dash
34:11
Speaker 3: heads up displays on their dashboard, whre he actually as
34:13
Speaker 3: switches again and buttons on the steering wheels and things
34:15
Speaker 3: that you can touch and manipulate to actually do the
34:17
Speaker 3: things you want to. And that's all cause of consumer demand. Sure,
34:20
Speaker 3: and so there is a thing where if, like if
34:23
Speaker 3: AI goes too far, even if it's not quote unquote broken,
34:26
Speaker 3: if it just goes too far, if you're sick of
34:27
Speaker 3: opening up your text message and you just wanted to
34:29
Speaker 3: sing your wife, Hey, I'm on my way home, do
34:31
Speaker 3: you need anything from the store, and suddenly the thing
34:33
Speaker 3: gets rewritten because AI is in your in your text message,
34:35
Speaker 3: and people start pushing back against that. There could be
34:38
Speaker 3: some changes in that space.
34:39
Speaker 4: Yeah, no doubt.
34:40
Speaker 5: I mean, that's that's the way the market works. I mean,
34:43
Speaker 5: in a free market, people generally get what they want.
34:47
Speaker 5: And why if people generally get what they want, because
34:50
Speaker 5: it's profitable for the companies to deliver that good or service,
34:55
Speaker 5: and and you know, people don't get what they want instantly,
34:59
Speaker 5: right Yeah, right, But you know, if collectively people want something,
35:04
Speaker 5: companies would be wise to try to serve.
35:09
Speaker 3: And generally speaking they do. That's how these companies, that's
35:12
Speaker 3: how we've talked about before. How ge is still a
35:14
Speaker 3: company today. You know, they've had to move several times
35:17
Speaker 3: throughout the course of their of their evolution as a
35:20
Speaker 3: as a large company. John Meredet with Fourth Avenue Financial,
35:22
Speaker 3: let me make make sure we get some of the
35:24
Speaker 3: information out for you because we're wrapping up on the
35:25
Speaker 3: program right now and I want to make sure that
35:26
Speaker 3: you can get a hold of John. If you have
35:28
Speaker 3: any questions about how you can retire right you can
35:30
Speaker 3: find out more information online. It's fourth Avenue Financial dot com.
35:33
Speaker 3: Fourth Avenue Financial dot com. You can set up an
35:35
Speaker 3: appointment right through the website, so you can go there
35:37
Speaker 3: and set everything up right there. Get your initial contact
35:40
Speaker 3: out of the way so you can set up an appointment.
35:42
Speaker 3: The phone number as well, it's three zero four seven
35:44
Speaker 3: four six seven done seven seven three zero four seven
35:46
Speaker 3: four six seven doin seven seven located at one seventy
35:48
Speaker 3: Court Street in downtown Charleston, where you can show up.
35:52
Speaker 3: It's right across from the Town Center Mall, so very
35:54
Speaker 3: easy to get to and very easy to walk about,
35:55
Speaker 3: which I do several times a week.
35:57
Speaker 5: Usually more I see I wave sometimes yeah, you're focused
36:00
Speaker 5: on that coffee.
36:01
Speaker 4: Well.
36:02
Speaker 3: The biggest problem, actually, if if you want to get
36:04
Speaker 3: into the weeds of the thing, is the way that
36:06
Speaker 3: the sun is that time of day and I have
36:07
Speaker 3: on sunk, I can't see if anybody's in there. Like
36:10
Speaker 3: I'll look over and I can't see if you're there
36:11
Speaker 3: or anybody. So usually I just kind of half give
36:13
Speaker 3: a half wave. If somebody's there, great, If not, I
36:16
Speaker 3: don't look like an idiot, like waving at an empty window.
36:19
Speaker 3: But because the polarization of the sunglasses, this is what.
36:22
Speaker 4: Causes you're trying to look cool still.
36:24
Speaker 3: Well, I mean I don't take you know, like pull on.
36:27
Speaker 3: I just don't want to look like an idiot more
36:29
Speaker 3: than anything else, because I don't know if you're there.
36:30
Speaker 3: And hon it's like because I look at your because
36:32
Speaker 3: all I see is uh from the polarization of my sun,
36:35
Speaker 3: classes I just see another reflection. I don't sure into
36:37
Speaker 3: the into the into the building anyway. Very easy to
36:40
Speaker 3: get to, very easy to walk to or to stop
36:42
Speaker 3: by if you need to get to fourth Avenue Financial,
36:44
Speaker 3: one seventy Court Street, Downtown Charleston. You can set up
36:47
Speaker 3: a consultation with John and and that's something that only
36:50
Speaker 3: takes a couple of minutes as well, so you can
36:51
Speaker 3: set it up. You can just ask your questions and
36:53
Speaker 3: and try to get a running start. One on helping somebody, Yeah,
36:57
Speaker 3: no doubt about it.
36:58
Speaker 5: You can set up a free call on life on
37:00
Speaker 5: or just give us a call at the office and
37:03
Speaker 5: you will book a ten to fifteen minute introductory call
37:06
Speaker 5: where we could get to know one another and see
37:09
Speaker 5: if it makes sense to move forward.
37:10
Speaker 3: It's all great stuff. And of course John Burdett and
37:12
Speaker 3: Fourth Avenue Financial. You can listen to retire Right Radio
37:14
Speaker 3: every Monday morning right here at one five ADWCHS. The
37:17
Speaker 3: show starts at about eight twenty and we go until
37:19
Speaker 3: nine o'clock, taking your phone calls and your text. You
37:21
Speaker 3: can find all of our archives. They're all online. You
37:24
Speaker 3: can go to WHS network dot com slash retire right.
37:26
Speaker 3: You'll pull up the entire a suite of shows that's
37:30
Speaker 3: on there, and you can find anything from as long
37:32
Speaker 3: as we've been doing this thing. And it's kind of
37:33
Speaker 3: interesting sometimes when you're not here and I go and
37:35
Speaker 3: find a previous show to put on. I'll try to
37:39
Speaker 3: go back to about the same time of year, you know,
37:41
Speaker 3: so contextually it sounds relatively normal. But man, we've been
37:45
Speaker 3: doing this for a while now and there's a lot
37:46
Speaker 3: of good information out there, you know, so I encourage
37:49
Speaker 3: anyone if you want to check that out, you can
37:50
Speaker 3: do that as well. But certainly, you know, within a
37:52
Speaker 3: week after we do this show. There's a lot of
37:54
Speaker 3: great up to date information on there. You can find
37:56
Speaker 3: that at WCHS network dot com slash retire right otherwise,
37:59
Speaker 3: we will be back here next Monday at eight twenty
38:02
Speaker 3: John will be for retire Rate Radio right here on
38:04
Speaker 3: five ADWCS. John, thanks a lot for your time again,
38:06
Speaker 3: appreciate it as always. All right, take care, thank you,
38:08
Speaker 3: Thank you very much. John Fordett with Fourth Avenue Financial Online,
38:11
Speaker 3: Fourth Avenue Financial dot com. You spell it out, the
38:13
Speaker 3: whole thing, Fourth Avenue Financial dot Com. Like it over
38:16
Speaker 3: on Facebook as well. Their phone number three zer a
38:17
Speaker 3: four seven four six seven non seven seven three zer
38:20
Speaker 3: a four seven four six seven non seven seven Coming
38:23
Speaker 3: up next, Dave Allen and five eighty Live, Dave Wilson
38:25
Speaker 3: and TJ. After that on talk line and then Dave
38:29
Speaker 3: Allen will be back this afternoon on midday and I
38:31
Speaker 3: will be back with Dave weekly on hotline this afternoon
38:35
Speaker 3: at three oh six. Have a great day everyone. On
38:36
Speaker 3: five eight WHS. We are the boys at Charleston.
38:43
Speaker 2: Fives Any six point five FM Charleston at one four
38:46
Speaker 2: point five Cross Lanes, that seld UVRC media station. We
38:51
Speaker 2: are proud to live here too.