Latest / WCHS Network Podcasts / 07/01/2024 Retire Right Radio with John Burdette
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- Unlock your dream property with Meeks Realty Group, where Rich the realtor makes real estate dreams a reality, whether it's residential or commercial. We've got Charleston to Huntington covered. Your key to exceptional real estate experience is start here Meeks Realtygroup. Contact us at Meeks dot us. The views and opinions expressed on this program do not necessarily reflect the views and opinions of five eight WCCHS its employees or WVRC Media. This is retire Right Radio, a weekly show from John Verdet at Fourth Avenue Financial that aims to answer your questions about financial planning, investing, and how to retire right. Fourth Avenue Financial is located in downtown Charleston at one seventy Court Street. More information online at Fourth Avenue Financial dot com. Join the conversation by calling three oh four three four five fifty eight fifty eight or text three oh four nine dream five fifty oh eight. On retire Right Radio, let's go live to the studio with host Dale Cooper and John Verdett on Fourth Avenue Financial. Yes, Hey, a very pleasant good morning to you. Thanks for tuning in. You're listening to retire Right Radio one five hs the voice from Charles, and it's a Monday morning and it's actually a really beautiful morning outside after the oppressive heat, John, it is really nice. Is glorious out there. Yeah, I would like to import this morning. I don't mind the hot afternoons and stuff like that during the summer, you know, there's come along, but man, I do miss mornings where it's homeostasis, where you walk outside and it just feels nice. It's not chilly, it's not hot, it's just you walk outside, You're like, it's nice outside. Yeah. I was out even last night about eleven o'clock and it was it was beautiful then too. I don't know what happened to all that oppressive humidity, but it was. It was nice and breezy last night. It's literally like twenty four hours and we're right back at it. So enjoy it to today while you can. It's going to be a nice day. I think we have a have like seventy nine degrees. It's gonna be sunny, not a lot of humidity, but then it's right back up into the high eighties and nineties for the rest of the week. So enjoy it today if you can. Uh, we're here this morning with John Bredett from Fourth Avenue Financial. More information online Fourth Avenue Financial dot com. You want to spell out that whole thing to get to the website. You can also do that same search on Facebook and like the page over there to be kept up to date on all the information that's going around on how you can learn to retire writing. Get advice from Fourth Avenue Financial and John Burdett. Get more information out to you how to contact John directly after the show. But you can call us this morning at three zero four three four five fifty eight fifty eight. Three zero four three four five fifty eight fifty eight runs over there answering the phone, say hi when you call in, or you can give us a text this morning. Three zero four non three five five zero zero eight is our text line number. Three zero four non three five five zero zero eight. Well, there's a lot of man, there's just so much stuff going on. We've had different reportings that have come in the market. We haven't quite got back to forty thousand yet. We're trying to get back up to that high that we've set a couple months weeks ago at Toime Runs Together whatever it was. Yeah, several weeks ago, So what's what's going on now, Well, it's half tom so we're right at yeah. Yeah, So ended up the month. Last week the market was fairly flat. But year today, just to kind of give us a halftime check up, the Dow Jones is up three point eight percent for the year, and I think a lot of people believe it's up even more than that because just those big tech names, because the SMP is up fourteen and a half percent, and the Nasdaq, which is the tech heavy is up over eighteen percent. So it's still being led by those big tech stocks that are kind of powering the market forward. The bond market this year is down slightly, down point two and so when you hear these numbers, I think the big thing to remember if you are a diversified investor is that you don't own five or seven tech stocks. You own a broadly diversified portfolio that includes all of these sectors. You know, the bond market which is down, the Dow type stocks which are up slightly, so that if you are in that sixty forty moderate mix of investments, you're probably up five six percent for the year. Still a great first half of the year. Sure, but it's it's important not to be carried away or not to feel like you're missing out when you see such a kind of a separation between the performance of the different sectors of the market, because you don't own just those socks that are that are leading. You own a little bit of everything. When you own a diverse, fied portfolio. And actually I would say that it is a indicator that you might be taking on more risk if your numbers are matching some of those those you know, if you're if you're up a high teens twenty percent in your overall portfolio, you know you you're you're concentrated. You're not an in a diverse food portfolio. And that's just something to keep in mind, particularly if you're in the nearing retirement, in the those stages of life where you'll be drawing down the money soon. And and that's also to say, and this was something when I first got the keys to when four to one K things. Heck, I think I remember doing it on like with a pen and paper, you know, like when you first signed up for these, before they even had it online. But before I learned anything at all, I thought, you know, I would try to do my quote unquote research. I found now that I really put way too much time into this when I probably didn't have to. You know, I mean mutual funds and things like that are there for a reason. You know, you're not supposed to have to go through every single stock that they have and things like that. But I would think that, oh, well, these stocks are doing very well. I need to put all my eggs and those baskets. And that's the exact wrong thing to do. You don't want to go chasing winners because you never know when that's going to turn into losers or wing. You missed opportunity if somebody was chasing the wrong stack. I mean, the video has been around forever. You know, if people were chasing the wrong stack, the wrong tech stocks for a long time and not allowing for their portfolio to be diversified, they may have missed on the video. If they happened to have some of the video stock that just took off underneath them. You never know, Yeah, you never know, and and and you never know. Also when you know, I'm not saying that this is the dot com bubble all over again, because the companies that that are leading the charge have real strong earnings. I mean there's a fundamental difference, big, big difference there. But but you know, think about you know, twenty plus years ago, people were chasing all kinds of companies, all these tech stocks that that that ended up disappearing almost overnight. And and you know, that's what you risk when you when you chase even a company like like Navidia that we've talked about. I mean, it's a fine company, it's incredible the amount of money that they are making. But they're also priced to perfection, so it doesn't have to the company doesn't necessarily have to have their earnings fall. Their earnings could still be growing, but they could disappoint on the speed of their earnings growth, and that can impact the stock greatly. And that's the risk you run if you're if you're chasing those stocks. It's not that they're bad companies. It's not that their earnings might not come through. It just might not come through at the pace the market expected it. And it's trading on expectation because you can't value it at the valuations they are now based on current earnings. For a while where where it was like like it's a solid stock, but people kept on trying to find places to get in, and they were It's like, the fundamentals look fine, they're they're making money. Everything looks fine, but it was disappointing investors with some degree for a while, right. I mean, many times you'll have a company go down twenty to twenty five percent and the earnings aren't down. It's just kind of in a holding pattern. And and of course, if your patient, if the company fundamentally is earning money, you know eventually, you know, earnings solve a lot of problems. But staying diversified, not chasing, is really how you put that balance in a portfolio that allows you to comfortably take those distributions in retirement. You can't take wild swings in your portfolio value. When you're drawing it out the math changes and you're not thirty five anymore. You know, when you're thirty five, you can wait out that volatility. You can chase things with a little more aggressively because you're not needing the money anytime soon. But if you're on retirements doorstep, if you're taking money out of that market to provide for your lifestyle needs in retirement, you just can't take that type of volatility and so when you look at these numbers and you know, the internet is full of articles right now about how the first half of the year went and all these big, big numbers, you know, realize that that also could be an indicator that you're too aggressive in your portfolio. It's a very if you look at things from like a I guess from a non personal perspective, it's kind of an interesting time and one thing that I've learned years and years after running businesses and things like that. Eventually we're going to start recasting numbers, you know, we're we're looking now, we're doing we still have some year over years and things that we're looking at that were like pre pandemic and different things like that. We're still kind of reaching back to that point. Eventually, those numbers are going to are going to fall off the scale, you know, I mean soon we're going to be just looking back during the beginning of the COVID era forward and not anything that happened before the COVID era on those things. So we're going to be moving into sort of a new normal regardless of what we're looking at, because then you know, we're going to start comparing ourselves year every year after year. I mean, eventually it's gonna be tacking in that direction. So things are changing a little bit. The international landscape with finances of change. I mean, China is like hot and cold. You know, it's not the huge juggernaut that it once was when it comes to the economy. So that like that that seemed to be something I guess in my like adult ages, that seem to always be the omnipresent I don't know about threat, but it's like dueling with China. China is going to take takeover economically and stuff like that, and it's like they they had a little bit of a car situation. They burned hot and then things that happened with the COVID and stuff like that on the other side of things not as hot as it was. And it's just kind of a different world landscape with all these things that are going well on top of all the conflicts, and there's always conflicts, but on top of all that stuff, it's just kind of different, different looking, yeah, man, And you know, China is a good example. Things don't grow to the sky forever. It happened rockets apparently, but mich the same same thing. We're old enough we can remember pre China, it was Japan, right, you know, Japan was going to take take over all the automobile, automobiles and everything up right. I mean all the movies that we watched right back in the eighties were about you know Japan. Was that Michael Keaton, Yeah, with the Toyota plant right right right. So you know, these things migrate over time and and and things do change. But you know, the the idea is is if you stay diversified, you're part dissipating, you're participating. You know, if Japan is doing well, or of China or of India's the next thing. If you're diversified, to you on a little piece of that, you don't have to jump in with both feet. And the economy is a global economy now, and there's nothing wrong with that. It's just you know, just be careful, be careful when you're jumping that you don't immerse yourself totally in any one sector. That's kind of what I was leading back to. If you have yourself properly structured with diversification, and you're working with somebody that's helping you, you don't have to predict the future. There's just certain things you know that if you invest in properly and you have yourself structured properly, regardless of what the world changes are, you have a buffer in there that will allow you to be okay. And then if things are massively changed or whatever, you can change slowly, you can reallogate, do things that you need to do to make sure, just like you know, things that happen with interest rates and stuff over the course of time of COVID and stuff. You know, people that were well diversified properly, they could when opportunities came came, they could move some things over and take advantage of those opportunities. Some opportunities diminished in other areas, they were able to reallocate those things and didn't have to panic because they were well diversified and put together to begin with. But if you're overloaded in one way or the other, when things start to kind of shift a little bit, you feel it a lot more, you know. Yeah, that's where the emotion comes in, when you start seeing wild swings in your portfolio, and emotional decision making is really always the wrong way to make a decision. And so not only is your portfolio down if you're concentrated and the market turns against you. But now you're faced with the emotional toll of your portfolio being basically wrecked because you're concentrated. And then what do you do? Do you sell? Do you just throw in the towel? What if it rebounds? Well, now you're gonna feel doubly bad if you sell it and it rebounds and you missed out on that. Do you hang on and then it languishes and the rest of the market comes up around you. Now you're gonna feel you know, it's just an emotional rollercoaster that you're setting yourself up for and second guessing. And that's never good when you're when you're investing for the long term, you've got to stay well diversified, stay kind of in the in the zone. Uh So that so that you're taking out the temptation to allow those emotions to take over. And if you if you stick to your plan and you and you work that plan, even when you have things like you know, inflation hits or something along those lines, you should have a buffer in there where you allow yourself to where it's not going to be life or death for you. It's not going to be like oh, suddenly I don't have enough money even in retirement or something like that. I'm seeing it work with some of my family that's retired. They did it right, and although inflation has hit them just like it has all of us, they're still okay in retirement because they did it right to begin with. So that maybe they have to change a little bit, change spending habits a little bit more even in retirement, but generally speaking, they're okay, right. And if you're trying to thread too much of a needle with with what you're doing, man, you could come out on the other side of that and suddenly having to find yourself getting a job when you would like to be retired or something along those lines, just to make ends meet. And that's really don't You're working to try to retire, not to have to work. That's right, And things like inflation. I mean, you look at the market over time, The market over time keeps up with that. If you're well diversified, ownership of the companies are producing the goods and services keeps up with that. So what solves that problem? What solves the problem or the fundamentals you know, work, serve people and live on less than you make, you know, accumulate savings and investment. Those savings and investments eventually will take care of you because they're out there serving people. Those companies are serving people. You repeat that process and you stay diversified and shut out all the noise that's out there. You know, there's a lot of noise out there right now. I don't know if anybody was I was watching, but somebody told me there was a there's a political debate last week. You're kidding me, You know that everything must I didn't hear anything about it, but but you know, you you have events like that that happened and and everybody gets worked up about it, and yes, it can be concerning. But does that change the earnings outlook for all the companies in America? No, it really doesn't. Does that mean you should change your portfolio and and uh or or or sell out of everything or put everything in the market. No, because your goals haven't changed. You know, if you have a goal to retire two years from now, you know what, what if you're if you're properly diversified, that's noise. That's noise. It's big noise, but it's noise. You know, because every every four years we have a presidential election and in the penulum swings one way or the other and it might affect certain stocks. You so, after the debate last last week that certain stocks, they Trump stocks were up and Biden stocks were down. You know, could you have predicted what happened in that debate beforehand? Well, you can't play that game if you're trying to, you know, manage your retirement income off of your ReportIt no how long are those peaks going to last? You know, I mean one day spike in another day. I mean you could see that in the previous election cycle when when you know Biden won, everybody was like, well there goes the gas stocks and that wasn't the case at all. They did pretty well early on. So how do you predict that? You can't. All you can do is participate. Participate. You do your job by living below your means, creating savings and an investment and stay diversified and just participate. You repeat that process. That's how you win the game to I've used the phrase before, and I think in communicating this with certain people they understand we're talking about we say, like set and forget it. It's such the wrong way to go about your retirement. You can't just set your parameters and then forget it and right off into the sunset and hope everything's going well. It may not work out for you. And one of the things I find fascinating as we see kind of the other side of that working. We talk about on the consumer end, on our end of things, trying to plan for retirement and making sure that we have all of that plan right. But when you see the companies that know that they need to shake things up too. I'm thinking about some of the restaurants and fast food companies out there. There's been this huge by clash against price hikes and sticker shock and things along those lines, that they now find themselves having to invest in their customers in a different way. So now all these people are coming out with like these these five dollars seven dollars deals, different things like that to get you back into what meals used to cost, basically pre pandemic, when you could do things like that. There's no altruism when it comes to business, And there's a philosophy about altruism, Like all altruism is even selfish. Why do you do it makes you feel good? Right? That's alternately, that's ultimately a selfish reason. I mean, even if you're doing it for the right reason. So I don't I don't judge people for doing things for the right way. I'm glad that these big restaurants and things like that are coming out with these different deals. I mean, that's it's now it's a little bit of shrink flation because it's like, oh, no chicken and a tiny hammer or whatever. But they're still reacting to market pressures from consumers that there's a backlash there. So there there is a living and breathing organism there where even the big corporations are like, Okay, we need to find a way to reset the way that we're investing into our customers because they're having some backlash here. Yeah, no doubt about it. I mean that's the dynamicism of the market. That's why it's so difficult to predict the outcome because you don't know what the responses are of all the companies in what how their decisions might impact another you know, how do you guess? There's so many moving parts in an economy that you'll never be able to outguess that, you know. That's why the experts are always I don't want to say always, but sometimes they're lucky and get it right, but they're they're usually wrong. You know, look at look at the time we've been doing the show over the years. I mean, how many things have we talked about the experts say this or you know, these are the numbers that are supposed to come out, and then they don't come out that way. You know, it's it's it's something to fill the papers up if they still have papers, but whatever it is. But uh, but you know, really that's what that's what it is. I mean, the the actual bread and butter here is your actions. And I think that's what I want to convey the most, particularly in a time when we have all of this noise out there and we're in the midst of an election year that that, you know, concerns people, what might what might play out. It's focusing on the things that you control. And in the end of the day, you control much more than you than you realize. Your actions are what matter. If you if you are constantly creating savings and investment, you will be okay, you will be better off than the person who does not. And it's as simple as that. And you'll never have a crystal ball, but you can stay diversified and stay focused on what you can control it, you'll you'll likely come out of winter and as great information. As always with John brad Debt for Fourth Avenue Financial, let me get the information out there for you four fourth Avenue Financial. We'll take a commercial break, come back and wrap up the show, and hey, you can control some of the conversation. If you have any questions this morning that you want John to take a crack at, you can get to call this morning three zero four three four five fifty eight fifty eight. You want to learn how you can retire right, maybe worried a little bit about stock of volatility, or wanting to know where you should take a look at opportunities in the future. As far as how you can structure your retirement to best help you. John can help you out with that. Give us a call this morning three zero four three four five fifty eight fifty eight. You can also text over questions to three zero four nine three five five zero zero eight. We're going to go ahead and take a break. You can find out more information about Fourth Avenue Financial online Fourth Avenue Financial dot com. You spell out the whole thing. Fourth Avenue Financial dot Com located one seventy Court Street, downtown Charleston, across from the Town Center Mall. I'll give you their contact information a little bit later on. You can call us at three zer a four three four five fifty eight fifty eight three four five fifty eight fifty We'll take a break and be back right after this. You're listening to retire Right Radio on five eight WCHS, the Voice of Charleston. Retire Right Radio is sponsored by Fourth Avenue Financial, which is solely responsible for its content. Security is offered through JW CALL Financial member Fenracipic. Investment advice offered through JW CO Advisors. Fourth Avenue Financial, jw CLL Financial and JW CO Advisors are unaffiliated entities. The opinions expressed by John Bredet should not be construed as specific investment, legal, or tax advice. 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Comment to me and the moment, and then you're listening tire Right Radio. Brockety hs, the voice of Charleston. John Burdad is here from Fourth Avenue Financial. We're taking your phone calls and your text phone the calls at three zero four three four five fifty fifty eight, text on questions at three zero four nine three five five zero zero eight. Lots of things we can talk about today. If you want to find out how you can retire right, this is a great time to do it Fourth Avenue Financial. You can all so find only on Fourth Avenue Financial dot com. Fourth Avenue Financial dot com. So we're at you mentioned when we started the show, we're at kind of the halfway point. So the person out there who's uh, you know, they're a responsible investor into their future. So they're looking to retire right themselves, and they have whatever might be just their four oh one K, or they have a plan put together, or they're planning on coming to an advisor like yourself and putting it together. Should they look at anything particular right now? Does halftime really mean anything? Uh, from the perspective of the U, the uh, the investor out there, just your normal consumer investor, or, is it pretty much? You know, keep on doing what you're doing. Yeah, it really doesn't mean anything. It's just another one of those mile posts, mile markers that gives you an opportunity to check in, sort of like the year end. You know, year end doesn't mean a whole lot. It's just how we track the numbers and uh so that's really all it is. But you know, it can be an indication of or certainly it's good to look back and say where we've been. And and usually when you look back, what do you see now? You see that the market does its thing and the noise and the things that we talk about week after week that are going on, they kind of disappear in the background. You know, think about all the inflation talk, we had, all of the Ukraine talk, We've had all of the and look what the market's done. It just it just churns and does its own thing. And that's that's really the story of it. I mean, I'm setting here, you know, the expert, and really the expert isn't somebody that is there to tell you what the market's going to do. An expert is there to sit down with you, understand your situation and craft a plan that works for you. That's two different things. You know, I have no crystal ball, and anyone that says that they do have a crystal ball you probably should run from. Yeah, it's like that in all things in life, whether it be financial, your horoscope, anything along those lines. Yeah, you don't trust those people, right, But that doesn't mean you don't have control of your outcome. You totally do. And we've talked about using the investments and comparing them to tools. You know, that's where it's so good to sit down and have somebody help you understand is what it is you're trying to accomplish, and then what are the right tools to use to make that happen. And that is totally different than guessing what's going to happen in the market or the direction of the market, excuse me, the direction of earnings. Those are those are somewhat unknowables. I imagine that one of the advantages of working with a financial advisor and somebody that can help you a little bit. And I know that I have a tendency towards it's maybe not in investing, but just in life in general, is I'll have a I'll have certain processes or products or something like that that's sort of a sacred col to me, Like I've discovered something once that worked great, and I'm like, that's what I'm sticking with for the rest of my life. That one time that it worked great. That's probably fine, there's nothing wrong with that. Those things don't necessarily extrapulate to the future. And I imagine sometimes it's hard to shake folks a little bit from their cage when something that worked for him ten to fifteen years ago and worked really well, to explain that there might be other different opportunities to work for you. Yeah, And you see that most often in a successful investor that maybe they've been participating in their four O n K for the last thirty years, and what have they done. They've forgotten about the ups and downs to the market and they've just bought stocks, just totally into the stock market, taking the full brunt of the ups and downs, and then retirement and saw on the doorstep. And there can be a reluctance to moderate that portfolio because this has worked for me before. It's worked for me over the years, and I just wighed out the volatility. And there again, if you have the tome horizonstry shows that does work. You know, own quality companies and let them roll. But the problem is stocks are a long term investment, and when you're drawing money out, you're not a long term investor. On some of your money. You can't be because you don't have the luxury of waiting out the volatility. And that's where the portfolio mix comes into play and matches up with what you're trying to accomplish in retirement. You know, some people can still be more aggressive in retirement, but they may have pensions and you know, the Social Security maybe other types of income, rental income, who knows what other type of income coming in and so maybe they don't have to use their portfolio for income. Well, that person may be able to be a little more aggressive in their portfolio because it's not a drawdown situation. So it's very dependent on what it is that you're trying to accomplish when you're building that portfolio out. I just remembered that I actually had some question. It was from last week that I was that I had meant to ask you about. There was some chatter of some folks that we're talking about says, and this is something we talked about before, but I thought it's always good to re up some of this stuff, and it was questioning a roth ira. And this person already had a four to one k, they had a money market account, and they were looking at relatively young and looking at what a roth ira means and what it could do for him. Could so just for a second there, what is a roth ira and what makes it so much different from a regular ira or a four to one k or something like that. Sure, with a traditional ira, you put money in and you get a tax break up front. So if you put five thousand dollars in, five thousand dollars comes off your taxable income. You save the money on that tax bill today, it grows over the years, and then it is taxable when it comes out. The wroth is just the opposite. Let's say you put for five thousand dollars in the wroth, you get no tax break, but when you draw it out at the end, it's all tax free. And why is that important or where can it be important? Certainly for a younger person, because the younger person has time for that money to compound on itself and grow. So you're giving up the tax break today, but pulling it out if your account has grown the way it should over time, it's a much bigger tax free benefit down there. That makes sense, you know, when you think about money and the way money compounds. If you get a you know, money doubles let's say every seven to ten years, depending on the rate of return you get, you know, ten percent return, you double in seven years. If you're young, you could you could have you know, five doublings. You know, that doesn't mean five times. That's five doubling. Yeah, that's way more than So one thousand goes to two, two goes to four, four goes to eight, eight goes to sixteen sixteen goes to thirty two. That's thirty two times your original investment. That's a big tax free benefit. Would you pull it out when you're younger? It can still be worthwhile to do as you get older. There are reasons to do it, but the power is really if you can harness that when you're young, you know, that's a wonderful thing to do. I was I meant to flag the post and I forgot to. I tried to find it before I came down here this morning, and I couldn't. You're probably familiar with it. But the idea was that it was this like an exercise of compound interest, and it was, and I think this is used pretty common. But someone starting at twenty five who stops investing when they're thirty five, and then somebody that's thirty five that invests until retirement, the person that actually stopped investing at thirty five, because of the power of compound interest, will probably still end up with around the same or even more money than the person that started at thirty five. Right right, Well, if you look at the math I just talked about, you know, somebody coming right out of college and starting to save right away that those early dollars are worth about sixty dollars, grew it up so much in retirement. So and that's kind of a mental trick too, you could use when you're deciding should I buy something or not? You think, okay, if I spend this dollar today, I'm spending sixty dollars of my retirement money. So that what a great way to put it, right, you know. So that so that you know, new set of golf clubs that cost fifteen hundred dollars, you know, that's what a seventy five thousand dollars retirement hit. Now you're paying two hundred and forty dollars a month for Netflix and your retirement money right right, right, And so when you think about that, it you know, that doesn't mean you shouldn't spend any money today, but it but it is something to think about as you're making those buying decisions. Man, that is great information as always with Jenenredabd at Fourth Avenue Financial, and we have these conversations every week at eight twenty on this program retire Right Radio. You can find the podcast of course at WHS network dot com slash retire right. You can subscribe and listen to that at any time, and you can find it on all of your major podcast carriers as well, when Apple, Google, Spotify, you can find them in there. Like it and be sure to get all these episodes just in case you don't see don't hear the whole thing, because we cover a broad range of topics, generally talking about investments and then John of course dolls into some specific information, especially when we get phone calls or text with people asking questions along those lines. So encourage you to do that in future programs and to find the podcast is pretty good. It's pretty good stuff. As far as now that we've kind of reached the halfway point, what what are kind of the benchmarks in the future that we're looking for as far as movement in the market and things that people are going to be looking for. An election of course is coming up. Well, the election in the second half is going to be important. The the better reserve making their next interest raight move. Some numbers came out last week that might signal that the Fed can cut later this year. Casting bones, man, this stuff is so complicated, it's like casting bones. It's crazy. Yeah, and and there again it moves the mark it for a while, but that's not really what moves the market. What moves the market is are these companies earning money? Are they growing their businesses, or are they paying their shareholders dividends and and you know those type of things. That's what moves the market. All all of these other things move the market, just in an emotional, short term way, not really a fundamental long term way. You know, you match the S and P five hundred up to a long term chart of corporate earnings and you'll see they move in the same direction. Really well, yeah, that makes a lot of sense, right, So that's really that's really what matters. You know, a lot of times too, when we've had a good start of the year, a lot of times folks say, well, that means the back half of the year is going to be bad. You know, history doesn't show that either. Oftentimes, the market continues to run much farther than people think that it will. Sometimes old sayings are just old sayings, right, that's right, you know. So, so nobody really knows what's going to happen the half of the year other than companies are gonna do their best to earn money, and hopefully you're gonna do your best to save money. It's great information and great advice. John Burdett from Fourth Avenue Financial one more time, Fourth Avenue Financial dot Com. You spell out the whole thing. Fourth Avenue Financial dot Com located in to one seventy Court Street, Downtown Charleston. Three zer a fourth seven four six seven done seven seven three zero four seven four six seven non seven seven once again. Threes are of four seven, four six seven non seven seven Fourth Avenue Financial dot Com. Check us back here next week at eight twenty four more retire Right Radio, or you can check out the podcast. John thinks so much of your time as always, all right, Thick, you have a great week. Man. That's John Bredett with Fourth Avenue Financial. I'm del Cooper Dave Villence coming up next one five eight Live. Have a great day everyone on five eight w c HS five eight whsafnint e six point five FM, Charleston at one O four point five Cross Lanes that seld UVRC Media station. We are proud to live here too,