Latest / WCHS Network Podcasts / 03/24/2025 Retire Right Radio with John Burdette

Transcript

03/24/2025 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.
0:15
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 Verdet 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
0:53
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: on fourth Have Any Financial Nature.
1:02
Speaker 3: And every place to Good Morning two. You're listening to
1:04
Speaker 3: retorry Right Radio one five at ew CHS the Voice
1:07
Speaker 3: of Charleston. Happy Monday morning to you. We made it
1:10
Speaker 3: through the weekend pretty good one. You know, for the
1:12
Speaker 3: first time in a while. It seems like we didn't
1:13
Speaker 3: have anything major to talk about, new major power outages,
1:16
Speaker 3: when flooding. Trying to check off all the lists here.
1:19
Speaker 3: I think we came through the weekend okay. It was
1:21
Speaker 3: just kind of a normal early spring kind of weekend.
1:24
Speaker 3: Not bad. John Bredet's back of study with US is onne, John,
1:26
Speaker 3: how you doing pretty good?
1:27
Speaker 4: You make it sound like the locust on the way
1:29
Speaker 4: All well, it seems.
1:30
Speaker 3: Like every Monday morning we come in here and something
1:32
Speaker 3: happened over the weekend there was flooding, or it was
1:34
Speaker 3: really cold, or or even like a couple of weekends ago,
1:37
Speaker 3: it was like it was just absolutely beautiful. It was
1:39
Speaker 3: like there was remarkable. It was so nice, and it's
1:41
Speaker 3: just kind of a normal weekend this weekend, as far
1:43
Speaker 3: as the weather goes, not not such a bad thing.
1:45
Speaker 3: I think you don't need don't don't no, don't need
1:47
Speaker 3: drama a lot of the time. John Bredett is a
1:49
Speaker 3: back end studio with us. After a couple of weeks
1:51
Speaker 3: on the road. If you have any questions for John
1:53
Speaker 3: when it comes to planning your financial future, you and
1:54
Speaker 3: give us call this morning three zero four, three four
1:56
Speaker 3: two eight one three one three zero four three four
1:58
Speaker 3: two eight one three one. And we've moved a lot
2:01
Speaker 3: of our operations over to our new studio now, not
2:04
Speaker 3: this one yet though we're still in our ancillary. I
2:07
Speaker 3: won't call it a closet, but it's not much bigger
2:09
Speaker 3: than a closet that we operate out of today. But
2:12
Speaker 3: it still does radio very nicely. So we're taking your
2:14
Speaker 3: phone calls. If you have any questions for John. You
2:16
Speaker 3: can also send over a text to three zero four
2:18
Speaker 3: non three five five zero zero eight and you can
2:20
Speaker 3: find out more about Fourth Avenue Financial one line. It's
2:22
Speaker 3: fourth Avenue Financial dot com. Fourth Avenue Financial dot com
2:25
Speaker 3: where you spell out the whole thing. Do that same
2:27
Speaker 3: search on Facebook and you'll be notified of any upcoming events,
2:30
Speaker 3: including Dollars to Donuts, which is this week this week right.
2:33
Speaker 4: Now, Yes, yes, we'll have that this weekend. And check
2:37
Speaker 4: that Facebook event where I was out of town. I'm
2:40
Speaker 4: a little a little delayed in getting that set up,
2:42
Speaker 4: but I'll have that set up today and you can
2:45
Speaker 4: let me know you're on the way this weekend.
2:47
Speaker 3: That's good stuff. So that's dollar to donuts advantage of
2:49
Speaker 3: Vaughn's in South Charles. You could go to John's Facebook
2:51
Speaker 3: page and register for that. You gotta let him know
2:53
Speaker 3: how many donuts to get for his dollars. So that's
2:56
Speaker 3: important thing.
2:57
Speaker 4: They're about a dollar apiece now, aren't they?
2:59
Speaker 3: What is what the price? The rising price of donuts
3:02
Speaker 3: top of everything else. I've made donuts before. Man, it
3:05
Speaker 3: is cheap. There's like four ingredients of about any donut
3:08
Speaker 3: that you ever made. I don't know why in the
3:09
Speaker 3: world the price would go up on those things. I
3:11
Speaker 3: gotta tell you. Genre Dad is here. You have to
3:14
Speaker 3: pay the people, right, so the price goes off to
3:15
Speaker 3: pay the people. Genre Dad is here for four the
3:17
Speaker 3: Avenue Financial we'll talk a little bit, do our weekly recap,
3:19
Speaker 3: take a look back on the market. We want to
3:21
Speaker 3: talk about a lot of other things too, including what
3:23
Speaker 3: exactly does it mean to get into a correction and
3:25
Speaker 3: why not to panic when when the market is a
3:28
Speaker 3: little bit in flux. We have a lot of data
3:30
Speaker 3: going back for a lot of years on what happens
3:32
Speaker 3: to the market in a lot of various scenarios. It
3:35
Speaker 3: always goes up eventually. Eventually, eventually, it always goes up.
3:38
Speaker 3: I mean, you might have to wait, but eventually it
3:39
Speaker 3: always goes.
3:39
Speaker 4: Yeah, and the market rebounded a little bit last week
3:42
Speaker 4: from from the swoon, so we've basically we went down
3:46
Speaker 4: and touched that correction area a couple of weeks ago
3:50
Speaker 4: where we were down ten percent briefly in the market
3:54
Speaker 4: in the S and P five hundred, and we've rebounded
3:57
Speaker 4: a little bit from that, so so we're not really
4:00
Speaker 4: in correction territory right now. We'll see what happens with
4:04
Speaker 4: you know, nobody knows from day to day what happens
4:06
Speaker 4: with the market, but it has bounced back a little bit.
4:11
Speaker 4: This year is one of those years where diversification is winning.
4:17
Speaker 4: It's not the tech stocks winning, it's not seven companies
4:20
Speaker 4: that are moving the market. Diversification, a diversified portfolio is
4:26
Speaker 4: standing up and performing the way you would want it
4:30
Speaker 4: to in this type of environment. If you're in a
4:32
Speaker 4: blended portfolio, you haven't been hurt much this year. You know,
4:36
Speaker 4: you've had some ups and downs, but it's been relatively
4:40
Speaker 4: relatively mild for you. You know, if you're in a diverse
4:42
Speaker 4: noted portfolio. You certainly never should never have experienced the
4:47
Speaker 4: true brunt of the correction, because bonds this year are up,
4:50
Speaker 4: international stocks are up double digits this year already. There
4:55
Speaker 4: are lots of places in the market that have performed
5:00
Speaker 4: very well, and so diversification would have worked well for
5:04
Speaker 4: you this year in your portfolio to shield you largely
5:08
Speaker 4: from much of the volatility that's been on the headlines.
5:12
Speaker 3: And again that's just what you talk about every single week.
5:14
Speaker 3: You know, you have to make sure that you're diversified.
5:17
Speaker 3: You're paying attention to overallow on the headlines, but you
5:19
Speaker 3: have to be nimble. You have to be able to
5:20
Speaker 3: move when things need to be moved. I was thinking
5:22
Speaker 3: about with the not quite yo yo effect of the market,
5:26
Speaker 3: but it's been a little volatile up and down a
5:27
Speaker 3: little bit and things like that. For people that invest
5:30
Speaker 3: mostly in mutual funds and different things along those lines,
5:35
Speaker 3: volatility or even slight corrections or something like that, it's
5:38
Speaker 3: like a domino effect within those funds and everything too right.
5:41
Speaker 3: So it's not like these people are in PCs in life.
5:44
Speaker 3: It's not like they just sit there and say, oh no,
5:45
Speaker 3: the markets down are mutual funds is going to cry.
5:47
Speaker 3: They take actions behind the scenes as well to fortify
5:50
Speaker 3: the fund, and all of that works to some degree
5:52
Speaker 3: where depending on where you are in that scope of things,
5:57
Speaker 3: you should understand that everybody's working towards that level out.
6:00
Speaker 3: You know, nobody's just want to sit on their heels
6:02
Speaker 3: and be like, hey, the market's in correction. I guess
6:04
Speaker 3: you're just gonna lose money because there's opportunity. Even when
6:07
Speaker 3: some industries are in correction, there's opportunity elsewhere. And if
6:10
Speaker 3: you're in a fund, a lot of those people in
6:11
Speaker 3: the funds are working on that. But if you're diversified
6:13
Speaker 3: in your portfolio, then you shouldn't affect that teeter tottering
6:16
Speaker 3: sense anyway.
6:17
Speaker 4: Yeah, I think the big thing to remember in the funds,
6:20
Speaker 4: some of these funds have certain mandates of the areas
6:23
Speaker 4: of the market they're supposed to play in. You know,
6:25
Speaker 4: this is my sandbox, and I play in that area,
6:28
Speaker 4: and sometimes that's a bad area to be in, regardless
6:32
Speaker 4: of what regardless of what they do, that doesn't mean
6:35
Speaker 4: the fund is bad or the manager is bad. It
6:37
Speaker 4: means that sector of the market is bad. So when
6:39
Speaker 4: you own a diversified portfolio, you know, a lot of
6:43
Speaker 4: times what you want to see are varying performances amongst
6:48
Speaker 4: your funds that you own, some very good, some very bad. Maybe,
6:53
Speaker 4: but you really want to see your fund managers in
6:56
Speaker 4: a diversified portfolio to stay in their lane, to stay
6:59
Speaker 4: in their own sand because then that way that assures
7:03
Speaker 4: that you are getting the diversification you want. If every
7:07
Speaker 4: manager you have, let's say you owned ten funds in
7:10
Speaker 4: your portfolio, if every fund manager chases what's hot, then
7:15
Speaker 4: you have no diversification.
7:16
Speaker 3: So we talked about this just briefly last week with
7:18
Speaker 3: the allocation drift or the gold drift, where if you're
7:21
Speaker 3: in the fund, if that fund's being managed to the
7:23
Speaker 3: point where they're not meeting their brief to the stated
7:28
Speaker 3: to the stated point of the fund, but they're like, well,
7:30
Speaker 3: we better solidify our returns or people aren't gonna like
7:33
Speaker 3: the fund anymore. I mean, on the on the surface,
7:37
Speaker 3: maybe that's true. People chasing profits are like, oh, what
7:39
Speaker 3: do you mean they were only up x percent instead
7:41
Speaker 3: of another percent. But if they stuck to the brief
7:43
Speaker 3: and then the next time there's a rotation in the
7:45
Speaker 3: market or something like that, then they're right in the
7:47
Speaker 3: in the pocket where you expect them to beat, right.
7:49
Speaker 4: So so when you look at those funds, you know,
7:52
Speaker 4: International is an example that was that was cold for
7:55
Speaker 4: several years. You know, it's not that or those funds
7:59
Speaker 4: up or down. They were probably down if they were
8:01
Speaker 4: in their space, regardless of how good the manager was.
8:04
Speaker 4: You know, how did it perform, How did that fund
8:07
Speaker 4: perform within its peer group, within the other managers that
8:11
Speaker 4: are in that space. You know, you evaluate it that
8:14
Speaker 4: way versus you know, it's unfair to compare the the
8:18
Speaker 4: international fund to the big tech stock in the last
8:21
Speaker 4: couple of years. There's just no way unless unless those
8:24
Speaker 4: funds gave up on their mandate and decided to buy
8:26
Speaker 4: big US tech stocks, they would ever compete in return. Well,
8:31
Speaker 4: that's okay. In a diverse fied portfolio, you know, the
8:34
Speaker 4: the idea is that you don't herd into, you know,
8:37
Speaker 4: all one type of investment. You stay diversified, and you
8:40
Speaker 4: can see how that plays out any year like this year,
8:43
Speaker 4: where there are bright spots inside the market that if
8:48
Speaker 4: you were spread across it appropriately, you would have been
8:54
Speaker 4: you know, cushioned largely from from the volatility we've had
8:57
Speaker 4: this year.
8:58
Speaker 3: That's great information and council advice or Sage advice always
9:01
Speaker 3: a sage council, always from John Bredet from Fourth Avenue Financial.
9:04
Speaker 3: If you have any questions about how you can retire
9:05
Speaker 3: writing a questions about the market in general, or about
9:08
Speaker 3: your funds. Maybe had a change in life. We haven't
9:10
Speaker 3: talked about some of these things a lot recently, but
9:12
Speaker 3: if you recently got married or divorce, possibly a new
9:15
Speaker 3: kid on the way, maybe your kid you discovered they
9:19
Speaker 3: have an amazing piano talent, or somedings you're looking at
9:21
Speaker 3: the well. You know we're gonna have to try to
9:22
Speaker 3: get a tutor down the line somewhere, anything along those lines,
9:25
Speaker 3: and you're wanting to know how to make that work
9:26
Speaker 3: in your financial future. John can maybe help you out
9:28
Speaker 3: this morning, at least get you on the right path
9:30
Speaker 3: and give us call this morning. Three zero four three
9:31
Speaker 3: four two eight one three one three zero four, three
9:33
Speaker 3: four two eight one to three one. So much like
9:38
Speaker 3: you talk about on the show all the time, and
9:39
Speaker 3: we talk about every Monday, what happened with the market
9:42
Speaker 3: last week, happened with the market a little better than
9:44
Speaker 3: what we've seen in the past. All you can do
9:47
Speaker 3: is is basically observe and don't overreact. I mean that's
9:52
Speaker 3: really that's really what you want to do. You don't
9:54
Speaker 3: want to react to every single thing that you see.
9:56
Speaker 4: Yeah, that's for sure. I mean, when when the market
9:59
Speaker 4: is going to do, what the market's going to do,
10:01
Speaker 4: what's important with the market is making sure that you
10:06
Speaker 4: have built the portfolio around what your needs are. I
10:11
Speaker 4: hear it a lot on my end, you know, from folks,
10:14
Speaker 4: well I don't want to invest because the market is
10:17
Speaker 4: is too high?
10:18
Speaker 3: What does that mean?
10:19
Speaker 4: Or or I don't want to invest? You know it?
10:22
Speaker 4: The concept of what goes up must come down, and
10:27
Speaker 4: that works in the terms in the realm of gravity. Yeah,
10:32
Speaker 4: you know, if you jump, you're you're going to finally
10:35
Speaker 4: hit the ground.
10:35
Speaker 3: That we have relativity special relatively, we have a.
10:37
Speaker 4: Whole we have Michael Jordan can hold it a little
10:40
Speaker 4: a little higher than I could hold it up there,
10:42
Speaker 4: but eventually gravity even gets Michael Jordan down to the ground.
10:46
Speaker 4: The market doesn't work that way. The market doesn't have
10:49
Speaker 4: to come down just because it went up. The market
10:53
Speaker 4: is an expanding asset, an expanding pool. Because earnings right now,
11:00
Speaker 4: you know, the market's at record highs or close to
11:02
Speaker 4: record highs. Even with our pullback, well, earnings are at
11:05
Speaker 4: record highs. Earnings have expanded, and you know, the idea
11:10
Speaker 4: that that just evaporates overnight or it has to evaporate,
11:15
Speaker 4: is that doesn't make a lot of sense when you
11:17
Speaker 4: look at the history of the market, or even logically,
11:21
Speaker 4: you know the market has billions and billions of individuals
11:26
Speaker 4: and moving parts in it. But we could break this
11:29
Speaker 4: down really to something much more simple. To illustrate it,
11:35
Speaker 4: Let's say you're on an island and there are ten
11:38
Speaker 4: people on the island, and those ten people need two
11:42
Speaker 4: fish a day to survive. So you need twenty fish
11:47
Speaker 4: for those ten people to survive on that island, to
11:51
Speaker 4: feed themselves on the island. And as it turns out,
11:55
Speaker 4: about two fish a day is all an individual can
11:58
Speaker 4: can catch on this eyeland. So everybody is out there
12:03
Speaker 4: trying to survive to catch two fish for themselves. Now,
12:08
Speaker 4: let's say one person thinks, you know what, there's got
12:11
Speaker 4: to be a better way to do this. I'm gonna
12:15
Speaker 4: what if I make a net and I take that
12:19
Speaker 4: net out into the water and lo and behold, it works,
12:21
Speaker 4: and now one person can catch twenty fish. Well, one
12:28
Speaker 4: person is now catching enough fish to feed the whole island.
12:33
Speaker 4: That leaves nine people unemployed. Okay, so now you have
12:40
Speaker 4: one person catching enough fish. Well, now the guy with
12:43
Speaker 4: all the fish can say, look, don't bother fishing today.
12:47
Speaker 4: What about you know we could use some we can
12:51
Speaker 4: use some chips to go with our fish. You know,
12:54
Speaker 4: why don't you grow some crops instead of spending your
12:58
Speaker 4: time fishing. Well, now everybody on the island has something else.
13:02
Speaker 4: One person might say, you know what, it'd be nice,
13:06
Speaker 4: since it's raining, if I had a roof over in
13:08
Speaker 4: my head and all of a sudden, one or two
13:10
Speaker 4: people on the island now have free time to put
13:13
Speaker 4: a roof over their head. You know, you start looking
13:16
Speaker 4: at that. That's how an economy is. That's how an
13:18
Speaker 4: economy develops. And it is not a stagnant resource. You know,
13:24
Speaker 4: one person does not have to take from another to
13:30
Speaker 4: have more for themselves. Really, in an economy like that,
13:34
Speaker 4: and we've talked about it before on the show, wealth
13:39
Speaker 4: is created when you serve other people, when you become
13:43
Speaker 4: more efficient and produce more efficiently. And that's what the
13:49
Speaker 4: that's what the stock market is based on. That expanding pool,
13:53
Speaker 4: and you can see that with the earnings over time.
13:56
Speaker 4: You know, yes, sometimes we have a bad year and
13:59
Speaker 4: earnings might stager made, earnings might fall a little bit,
14:03
Speaker 4: but largely because of that process, it continues, it expands.
14:11
Speaker 4: You know, earnings this year are much more than they
14:13
Speaker 4: were five years ago, are much more than they were
14:16
Speaker 4: ten years ago. You can see it working in your
14:19
Speaker 4: daily life. Look at the last ten years, the products
14:23
Speaker 4: that we have that we didn't have ten years ago.
14:25
Speaker 3: It's incredible.
14:25
Speaker 4: Twenty years ago, thirty years ago, fifty years ago. You know,
14:30
Speaker 4: clearly there has been large amounts of wealth created that
14:36
Speaker 4: didn't exist before. And so the concept of the market
14:40
Speaker 4: isn't it's high, high relative to what you know it
14:46
Speaker 4: if you are patient and trust that process. It's creative destruction.
14:51
Speaker 4: You know, when when the person invents something, it might
14:55
Speaker 4: disrupt things, it might change the way things are done,
14:58
Speaker 4: but if it's more efficient, it's good for the whole
15:02
Speaker 4: over time. You know, in industries that change, you know,
15:05
Speaker 4: you see people you know around here. Coal mining, for instance,
15:10
Speaker 4: is not as big of an employer as it used
15:13
Speaker 4: to be, and that's not good if you worked in
15:16
Speaker 4: those in those industries, but as a whole, energy is
15:20
Speaker 4: cheaper now than it has been before because things are
15:23
Speaker 4: done more efficiently. And so the key in an economy,
15:26
Speaker 4: both as an individual and as an investor to look
15:28
Speaker 4: at how am I going to be valuable personally or
15:32
Speaker 4: how are my companies being valuable to other people and
15:37
Speaker 4: stick with that. And if you stick with that, you
15:39
Speaker 4: know that a lot of the fear melts away of
15:43
Speaker 4: well the market's going to fall and never come back. Well,
15:47
Speaker 4: the market will come back because unless people forget how
15:50
Speaker 4: to fish right right, you know, and unless people just
15:53
Speaker 4: completely their skills evaporate, you know, the dollar bill could
15:57
Speaker 4: go away. But if we can serve one another, we'll
16:01
Speaker 4: figure out a way to trade.
16:02
Speaker 3: That, right, yeah, yeah, right, yeah.
16:06
Speaker 4: That dollar bill is not wealth. The ability to produce
16:10
Speaker 4: the goods and services that we all desire and need
16:13
Speaker 4: is how you build wealth. And that's what you're doing
16:15
Speaker 4: in your portfolio. And I think when the market gets rocky,
16:18
Speaker 4: when fear gets high, you know, it's a good thing
16:21
Speaker 4: to think about what you're really doing when you invest.
16:25
Speaker 4: It's not just numbers on a page. There's there's something
16:28
Speaker 4: real behind that that is going on that is extremely
16:31
Speaker 4: powerful over time in creating wealth. And you know, the
16:37
Speaker 4: key then if you think about it that way, it
16:39
Speaker 4: is not will the market go down? You know, we
16:44
Speaker 4: know that the market has ups and downs and swings
16:46
Speaker 4: here and there. The key is I need to participate
16:49
Speaker 4: in that and do I have the time horizon as
16:52
Speaker 4: an individual to deal with that volatility? And if I don't,
16:57
Speaker 4: then some of this money probably doesn't belong in the
16:59
Speaker 4: more market or it belongs to other types of assets.
17:03
Speaker 4: But if I have money that that I'm not touching
17:05
Speaker 4: for a while, or I'm not needing to utilize from
17:09
Speaker 4: a you know, monthly income for instance, in retirement, you
17:13
Speaker 4: know that should be stock market money. That's where the
17:15
Speaker 4: wealth is created. Just because of that illustration that we
17:19
Speaker 4: just walk through, I mean, it's a it's a kind
17:22
Speaker 4: of a basic concept, but I think it's lost a
17:24
Speaker 4: lot in the in the in the headlines that that
17:28
Speaker 4: are out there trying to, you know, get us to
17:31
Speaker 4: click or strike fear in us so we take certain actions.
17:34
Speaker 3: Does this seem right to you? And I'm kind of
17:35
Speaker 3: trying to just backf off this on things that I've
17:38
Speaker 3: read in the psychology of economy and things like that.
17:40
Speaker 3: It seems like that maybe it's human nature. And of
17:45
Speaker 3: course in America, I think that this happens a lot
17:48
Speaker 3: because we are so such a sports heavy culture. I
17:51
Speaker 3: think that we tend to look at even the market
17:53
Speaker 3: as wins and losses, and we use that venacular a
17:57
Speaker 3: lot of the time. You know, the market one today
17:59
Speaker 3: or there were is today or whatever. But the wins
18:01
Speaker 3: and losses within that context are different than a sports
18:04
Speaker 3: winner loss and and because in sports, somebody really does lose,
18:09
Speaker 3: you know, whereas in the market you're it's like it's
18:12
Speaker 3: a daily thing necessarily, but in the long run, everybody
18:15
Speaker 3: wins to some degree. And I feel like that that
18:17
Speaker 3: we talk about things in these absolutes, like right like
18:21
Speaker 3: like either we we won the day or we lost
18:23
Speaker 3: the day. That that uh, that the the stock that
18:27
Speaker 3: our investment is either doing the best or it's doing
18:30
Speaker 3: the worst. You know, there's a gradient of everything within
18:34
Speaker 3: investing is a gradient of of success. It just depends
18:37
Speaker 3: on really how how long you have for that success
18:39
Speaker 3: to play out. And it feels to me that the
18:41
Speaker 3: psychology behind it sometimes is a lot like the sports
18:44
Speaker 3: psychology or gambling psychology. You know, you hear people sometimes
18:47
Speaker 3: say oh, the starting work. It's nothing but gambling. No,
18:49
Speaker 3: it's not. It would be like gambling. If the house
18:51
Speaker 3: let you invest in its winnings, then maybe it would
18:53
Speaker 3: be similar. But otherwise it's not like that at all.
18:56
Speaker 4: Right, you know, gambling is a is nothing is created there.
19:00
Speaker 4: But that's truly you know, money just passing on chance.
19:05
Speaker 4: You know, wealth is created inside these companies as they're
19:10
Speaker 4: serving their their customers. And that's a whole different that's
19:14
Speaker 4: a whole different ballgame, you know. You know, I'm trying
19:19
Speaker 4: to trying to take it back to the island. Uh.
19:21
Speaker 4: You know, gambling thing if if you know, if if
19:24
Speaker 4: a person, instead of of producing other goods and services,
19:28
Speaker 4: say well, I'm just going to gamble. I want to
19:31
Speaker 4: bet to fish. Uh, you know, there's still the same
19:35
Speaker 4: number of fish there even if the person wins, then
19:39
Speaker 4: that does come from somebody else. That is that is
19:42
Speaker 4: dividing a static pie up where the economy is not
19:49
Speaker 4: doing that. The economy is expanding the pot. And that's
19:52
Speaker 4: a whole different thing than gambling. And you know that's
19:58
Speaker 4: there are so many things like that, Like you say,
20:01
Speaker 4: what goes up must come down. The gambling concept that
20:04
Speaker 4: you hear all the time that you know, it's natural
20:07
Speaker 4: for people to think that way until you look a
20:10
Speaker 4: little deeper into what's actually going on, and then once
20:13
Speaker 4: you look down below the hood a little bit, you
20:16
Speaker 4: realize that you know there's something real here. It's not
20:19
Speaker 4: just the fact that these are numbers on a page
20:21
Speaker 4: and it's chance that it goes up or down. You know,
20:25
Speaker 4: these companies, even if the stock is down, are earning
20:28
Speaker 4: record earnings right now. They have to do something with
20:31
Speaker 4: those earnings. What are they doing with those earnings. They're
20:33
Speaker 4: either returning them to you the shareholder through dividends or
20:36
Speaker 4: buyb ACKs. They're acquiring other companies, They're developing new goods
20:40
Speaker 4: and services. There's all kinds of things that they're doing
20:45
Speaker 4: with those earnings that keep the economy expanding.
20:48
Speaker 3: Yeah, I remember that. I used to read a little
20:51
Speaker 3: bit of Buck mister Fuller, and although his concepts didn't
20:55
Speaker 3: overlay perfectly over capitalism, he had some pretty odd ideas
20:59
Speaker 3: about some things everyone once in a while, but much
21:01
Speaker 3: to what you're talking about. He felt like anytime that
21:03
Speaker 3: you invented or innovated into something that helped society become
21:07
Speaker 3: more efficient in doing something that that should free out
21:09
Speaker 3: the universal brain power. Basically, there's so many watts of
21:13
Speaker 3: brain power that the earth has to apply towards problems,
21:16
Speaker 3: and every time you make a problem easier, that allows
21:18
Speaker 3: for more of that brain power to go towards other problems,
21:20
Speaker 3: and eventually you cycle through and you start tackling really
21:23
Speaker 3: huge issues. That's not quite the way the world works
21:25
Speaker 3: on everything, but within isolated moments, and especially like something
21:28
Speaker 3: like the market or something like that, that's absolutely how it works.
21:31
Speaker 3: Things become easier, an industry takes off something like that,
21:34
Speaker 3: it creates other things that people can do based off
21:37
Speaker 3: of that.
21:37
Speaker 4: Right, I mean, you see that right now. There's a
21:40
Speaker 4: lot of fear that I hear people talking about, Well
21:43
Speaker 4: what about all these government employees that are being downsized
21:46
Speaker 4: and outsized and let go. Well, were they being employed
21:52
Speaker 4: efficiently in the first place? Yes, maybe maybe not. I'm
21:56
Speaker 4: not an expert on any of these things, but what
21:58
Speaker 4: I do know now is that they're going to have
22:01
Speaker 4: to find something to do, and that's going to be
22:05
Speaker 4: directed towards some other problems society has. Any industry is
22:09
Speaker 4: like that, any industry that there's disruption and change and innovation,
22:15
Speaker 4: it's not good for the old way of doing things,
22:19
Speaker 4: and it's creative destruction essentially, and you're going to have
22:24
Speaker 4: that in the economy and it's always going to churn
22:26
Speaker 4: like that. But that process is while me and you
22:30
Speaker 4: is setting here today have more wealth, more access to
22:35
Speaker 4: goods and services, the ability to do things much much
22:38
Speaker 4: easier than John D. Rockefeller could do one hundred years ago.
22:44
Speaker 4: I mean, we're just two average guys setting on a mic,
22:48
Speaker 4: and we can do things. You know, if you want
22:52
Speaker 4: to eat a pine apple today, you walk down to
22:54
Speaker 4: the store and you buy a pine apple. You know,
22:56
Speaker 4: try that. One hundred years it was impossible. Just simple
22:59
Speaker 4: things like that are possible today, even acuse of that process.
23:04
Speaker 3: That's a great point when you think of something as
23:05
Speaker 3: simple as the banana. I mean, we almost lost bananas,
23:07
Speaker 3: you know, we had we had we had a clone
23:09
Speaker 3: bananas for there to be bananas worldwide. You know, that
23:12
Speaker 3: was not an altruistic effort. You know, people wanted to
23:14
Speaker 3: sell bananas, you know. But I love banana, So I'm
23:17
Speaker 3: kind of glad although we don't have the variety that
23:19
Speaker 3: maybe we once had because of of of some of
23:23
Speaker 3: the crops dying out at least. We have bananas today
23:25
Speaker 3: and there's nothing wrong with that. Let's take a break.
23:27
Speaker 3: We need to take a break, pay the bills, and
23:28
Speaker 3: then when we come back, still have some time left.
23:30
Speaker 3: With John Burdett for Fourth Avenue Financial. You can control
23:32
Speaker 3: the conversation. Anything we talked about this morning that kind
23:34
Speaker 3: of spurs you with a question. You're welcome to call in.
23:37
Speaker 3: Maybe you have a comment or something completely unrelated, something
23:39
Speaker 3: that deals with your financial future where you're trying to
23:41
Speaker 3: retire right, or a loved one you can go to
23:43
Speaker 3: call this morning three zero four, three four two eight
23:44
Speaker 3: one three one three zero four three four two eight
23:46
Speaker 3: one three one. You can also text three zero four
23:48
Speaker 3: and none three five five zero zero eight. Fourth Avenue
23:51
Speaker 3: Financial located online Fourth Avenue Financial dot com. You spell
23:53
Speaker 3: out the whole thing, same thing on Facebook and like
23:55
Speaker 3: the page you could be notified of upcoming events located
23:58
Speaker 3: in Charleston, won seventy court sreet give the rest the
24:00
Speaker 3: information A little bit later on. You're listening to retire
24:03
Speaker 3: Right Radio. I'm Deel Cooper. That's John bredd on five ADWCHS,
24:05
Speaker 3: the voice of Charleston. Retire Right Radio is sponsored by
24:08
Speaker 3: Fourth Avenue Financial, which is solely responsible for its content.
24:11
Speaker 3: Security is offered through JW CALL Financial member Fenricipic. Investment
24:14
Speaker 3: advice offered through JW CO Advisors. Fourth Avenue Financial, jw
24:18
Speaker 3: CLL Financial and JW CO Advisors are unaffiliated entities. The
24:21
Speaker 3: opinions expressed by John Bredett should not be construed as
24:24
Speaker 3: specific investment, legal, or tax advice. All economic and performance
24:27
Speaker 3: information is historical and not indicative of future results. Investing
24:31
Speaker 3: may involve risk of loss of principle. Any tax advice
24:34
Speaker 3: on this show is not intended to be used by
24:35
Speaker 3: any person for the purpose of avoiding US federal or
24:38
Speaker 3: state tax penalties that may be imposed on such a person,
24:41
Speaker 3: and each listener should seek advice from their tax advisor
24:44
Speaker 3: or legal console on topics that arise from the show.
24:47
Speaker 3: John Bredett is not providing legal or tax advice. Nothing
24:50
Speaker 3: should be construed as solicitation of an offer to buy securities.
24:53
Speaker 3: This program is sponsored by Fourth Avenue Financial, which is
24:55
Speaker 3: solely responsible for its content.
24:57
Speaker 5: Retirement is more than a dream, It's a det nation,
25:00
Speaker 5: Yet the journey can feel uncertain. At Fourth Avenue Financial,
25:03
Speaker 5: they guide you with expertise and care. They help you
25:06
Speaker 5: navigate the questions am I on the right track? Or
25:08
Speaker 5: how do I ensure lasting income? Tailoring plans to your
25:11
Speaker 5: unique vision. They bring peace of mind to your retirement journey.
25:14
Speaker 5: Trust in their experience proven through every Market's EBB and flow.
25:17
Speaker 5: Fourth Avenue Financial Retirement Done Right. Get started at Fourth
25:21
Speaker 5: Avenue Financial.
25:21
Speaker 2: Dot com securities offered through Jenabull Financial Incorporated.
25:24
Speaker 6: Remember fin Recipit advisory services offer through Jenibu Co Advisors Incorporated.
25:30
Speaker 7: Start your weekend journey Saturday mornings at seven on five
25:33
Speaker 7: ET WCHS with West Virging Outdoors host I Got Chris Horrens. Next,
25:37
Speaker 7: enjoy the melodies and stories that sounds good to Me
25:40
Speaker 7: with Aristontald Jones. Then expand your horizons with ABC Perspective,
25:43
Speaker 7: followed by the tech insights from Kim Commando at ten
25:46
Speaker 7: in the afternoon, Travel the globe with Rudy Maxt and
25:48
Speaker 7: avoid costly home mistakes with the Money that Saturday evenings,
25:52
Speaker 7: delve into science fantastic. It's a day of discovery only
25:56
Speaker 7: on the WCCHS.
25:58
Speaker 6: This is retire Right Radio with John Burdett from Fourth
26:02
Speaker 6: Avenue Financial, taking your calls at three oh four, three four,
26:06
Speaker 6: five fifty eight fifty eight or text on three oh
26:09
Speaker 6: four nine three five fifty oh eight.
26:19
Speaker 3: Comment to me in the Monday and then that works.
26:25
Speaker 3: You're listening to retire Right Radio one five ADWCHS, the
26:28
Speaker 3: voice for Charleston. I'm Del Cooper. Thanks for tuning in
26:31
Speaker 3: on this Monday morning as we kick off a week here.
26:33
Speaker 3: Is this the final week of March. It is the
26:35
Speaker 3: final week of March, right the twenty four So yeah,
26:37
Speaker 3: it's the final week of March. Uh wow, that's wild.
26:40
Speaker 3: The month ends on a Monday. I forgot about that.
26:42
Speaker 3: That's so next Monday will actually be our last show
26:46
Speaker 3: of the month, so we'll not quite not quite the
26:48
Speaker 3: last week for us anyway, the last full week of
26:51
Speaker 3: March anyway. John Burdett is here from fourth Avenue Financial.
26:53
Speaker 3: If you want to call us this morning, more than
26:54
Speaker 3: welcome to three zero four three four two eight one
26:56
Speaker 3: three one three four two eight one three one if
26:58
Speaker 3: you have any questions for John about how you can
27:00
Speaker 3: tire Right about anything that that you've seen come about recently.
27:04
Speaker 3: Once again, the FED ret met again recently and there
27:08
Speaker 3: was a lot of people surprised with the action in
27:10
Speaker 3: the market after the FED met, But as we've talked
27:13
Speaker 3: about on this show before. It was kind of what
27:15
Speaker 3: we expected as so far as interest rate cuts or
27:18
Speaker 3: not cuts and everything else.
27:19
Speaker 4: Yeah, pretty much. I think the FED is still expecting
27:23
Speaker 4: two rate cuts this year. We'll see if they happen.
27:25
Speaker 4: I mean, everything's been backing off rate cuts. Some of
27:29
Speaker 4: it I think is going to be predicated on the
27:32
Speaker 4: actual tariffs that do go through and and and the
27:35
Speaker 4: impact that they have. Although you know, the expectation is
27:40
Speaker 4: if there is an inflationary aspect to the tariffs, it
27:43
Speaker 4: will be a one time not at ongoing, ongoing thing,
27:47
Speaker 4: at least historically that's how they've played out in the past.
27:50
Speaker 4: So you know, the FED almost seems to in the
27:54
Speaker 4: market as well, seems to almost like that's going to
28:01
Speaker 4: be a non event, you know, as far as it's
28:04
Speaker 4: a one time adjustment, but it's not going to affect
28:06
Speaker 4: the trajectory of everything else after that adjustment.
28:09
Speaker 3: So just so I'm I understand exactly what that means.
28:13
Speaker 3: I guess a microscale, a one time adjustment still means
28:17
Speaker 3: what goes up doesn't necessarily mean it has to come down.
28:19
Speaker 3: So that still means that that on top of all
28:22
Speaker 3: the other inflationary issues that we've had over the course
28:25
Speaker 3: of the last five years or so, the one time
28:26
Speaker 3: adjustment is and top of that and then hopefully things
28:30
Speaker 3: so you're still looking at massive pain from five years
28:32
Speaker 3: ago or seven years ago or whatever it is, but
28:35
Speaker 3: hopefully it levels out and not.
28:37
Speaker 4: Yeah, you know, so, you know, if inflation has been falling,
28:41
Speaker 4: you know, the expectation is is that it keeps the
28:45
Speaker 4: underlying inflation keeps falling. There could be a one time
28:48
Speaker 4: adjustment depending on what the tariffs are, you know, as
28:52
Speaker 4: they're done that month, but that still doesn't stop the
28:57
Speaker 4: downward trend that we're on as far as as far
28:59
Speaker 4: as some goes. At least that's what the expectations seemed
29:02
Speaker 4: to be for most folks, and and from history anytime
29:06
Speaker 4: tariffs are played in and you know, there's a lot
29:08
Speaker 4: of talk as oh, this is a twenty percent tariff,
29:12
Speaker 4: that means prices go up twenty percent. That doesn't mean
29:15
Speaker 4: that at all. It is a very very small percentage
29:22
Speaker 4: of the actual tariff ends up filtering through because there
29:27
Speaker 4: are ways to mitigate tariffs. Largely, you know, companies produce elsewhere.
29:35
Speaker 4: Companies you know, shift shift things around, change suppliers. Companies
29:39
Speaker 4: have to sharpen their pencils sometimes and figure out how
29:41
Speaker 4: to be more efficient to maintain their profit margins and
29:44
Speaker 4: absorb some of that. I mean, there are lots of
29:47
Speaker 4: ways that that tariff gets spread out in the economy.
29:51
Speaker 4: It's not always consumer prices, so you know, so we'll
29:57
Speaker 4: see how that plays out. But as a right now,
30:00
Speaker 4: the Fed still is expecting a couple of rate cuts
30:03
Speaker 4: this year. The bond market is behaving the way the
30:09
Speaker 4: way you would expect it to be. It's it's a
30:13
Speaker 4: kind of a ballast in a in a in a
30:14
Speaker 4: choppy stock market, and uh, you know, I think I
30:21
Speaker 4: think it's just kind of wait and see, will will
30:23
Speaker 4: we get more volatility? Maybe maybe not, But certainly the
30:29
Speaker 4: market is not going down simply because it's high. You know.
30:33
Speaker 4: It's it's largely short term emotions that move the market
30:38
Speaker 4: from day to day more so than anything.
30:40
Speaker 3: And it's and it's amazing too when you think about,
30:43
Speaker 3: you know, people that maybe aren't day to day inclusive
30:47
Speaker 3: into talking about the market and different things like that.
30:49
Speaker 3: They might hear about the headlines on Tesla or something
30:52
Speaker 3: like that. It's like, oh, things must be going terrible
30:54
Speaker 3: because of all the stuff that's happened with Tesla there there.
30:56
Speaker 3: Their stock has not been doing great, and there's all
30:59
Speaker 3: this other stuff. But you look broadly at everything that
31:01
Speaker 3: I mean doesn't affect the market as a whole at all.
31:03
Speaker 3: Maybe it might kind of stink for Tesla, but it
31:05
Speaker 3: doesn't affect much of it.
31:06
Speaker 4: Yeah, And even with Tesla or any of these you know,
31:09
Speaker 4: headline stocks, I mean, if you look at them, Navidia,
31:12
Speaker 4: you know, any of those big tech stocks, they's still
31:16
Speaker 4: way higher than they were a year ago or two
31:18
Speaker 4: years ago. And certainly beyond that. You know, it's not
31:23
Speaker 4: as if the world has ended. The world existed when
31:27
Speaker 4: when Tesla was two hundred and thirty dollars a share,
31:30
Speaker 4: just as it existed when it was three hundred and
31:32
Speaker 4: fifty dollars a share. You know, which is the right
31:36
Speaker 4: price long term? Who knows, a lot of it depends
31:38
Speaker 4: on how Tesla continues to develop.
31:41
Speaker 3: You mentioned Navidia there that actually reminded me of something
31:43
Speaker 3: I wanted to ask you about, And you were talking
31:44
Speaker 3: about the way that people evaluate making the fish or
31:50
Speaker 3: winners or losers, or how it might be. Navidia is
31:52
Speaker 3: actually a great stock to look at in that regard
31:54
Speaker 3: because quote unquote winning on the stock, you know, was
31:57
Speaker 3: maybe if you got in on the basement level and
31:59
Speaker 3: then you wrote thing to the top and it did
32:01
Speaker 3: so great over last year and and and that was
32:03
Speaker 3: a great stock for folks. People that didn't get in
32:06
Speaker 3: at that point might think, well, you know, maybe they
32:08
Speaker 3: didn't lose, but the opportunity is not there or anything.
32:10
Speaker 3: But at some point the stock matures and that's just
32:13
Speaker 3: a good stock to invest in. You know, you may
32:16
Speaker 3: not get in on the on the on the rise up,
32:18
Speaker 3: you may not make that huge amount of percentage increase,
32:20
Speaker 3: but eventually Navidia just settles in to being a really
32:22
Speaker 3: good stack tech stock and you might want to invest
32:25
Speaker 3: in it. It may not be the highest rising, but
32:26
Speaker 3: it could still be a very very good solid stock.
32:29
Speaker 4: Well taking it. Microsoft is as another exclassle that that is.
32:34
Speaker 4: I mean, it went for a long time where it
32:36
Speaker 4: was seems stagnant. Heck, for the last year it's been
32:39
Speaker 4: dead money essentially, But I can tell you they're earning
32:42
Speaker 4: billions and millions of dollars. You know, that money is
32:44
Speaker 4: going somewhere right now. They're reinvesting that into their AI projects,
32:48
Speaker 4: for instance, and will that bear fruit in the future.
32:52
Speaker 4: They they think that it will. That's why they're making
32:55
Speaker 4: those investments. Could they be wrong, of course, they could
32:58
Speaker 4: be wrong, but they've made the decision to make those investments. Now.
33:03
Speaker 4: If they're correct, what happens their pie keeps expanding and
33:07
Speaker 4: those earnings keep expanding. If they're wrong, yes, they've suck
33:12
Speaker 4: the money in projects that may not bear fruit. But
33:14
Speaker 4: still the underlying business is making billions and billion, ten
33:18
Speaker 4: billion dollars a month in profit, and that's fuel to
33:23
Speaker 4: do a lot of things.
33:24
Speaker 3: That's the whole point of that underlying business, right is
33:26
Speaker 3: you have, you know, your core business that makes your money,
33:28
Speaker 3: and then it allows you to make investments into hopefully
33:30
Speaker 3: future technologies that go to the next level. Not every
33:33
Speaker 3: future technology works. I mean, how many times has metas
33:35
Speaker 3: tried to start the meta space, you know? I mean
33:37
Speaker 3: that thing's been a failure like three different times now.
33:39
Speaker 3: And it might finally be catching on, but that's because
33:41
Speaker 3: other players are now getting into the field and it's
33:44
Speaker 3: not just Meta that's doing it. But that was something
33:45
Speaker 3: that people were speculating on for a long time, hoping
33:48
Speaker 3: that it was the next big thing and it never
33:49
Speaker 3: really caught on.
33:50
Speaker 4: No, No, I mean it turns out people like the
33:53
Speaker 4: real world a little bit.
33:55
Speaker 3: It is true. Although I was doing some reading. We
33:57
Speaker 3: actually talked about this on Friday on hotline, and I
34:00
Speaker 3: was doing some research into some of these virtual spaces,
34:03
Speaker 3: and it is pretty like I don't know if it's
34:06
Speaker 3: impressive or not. Like to know that fifteen point five
34:09
Speaker 3: million people went to a Black Pink concert virtually on
34:11
Speaker 3: line seems huge, right, right, that seems huge, But it's
34:15
Speaker 3: on line? Is it that big? I mean, I don't know.
34:17
Speaker 3: I mean that's less people than listen to like a
34:20
Speaker 3: Joe Rogan podcast, you know, So I mean it's all
34:22
Speaker 3: relative right to the way that stuff works out.
34:25
Speaker 4: Yeah, I mean essentially what you're talking about there is
34:28
Speaker 4: is just do you get eyeballs right?
34:30
Speaker 3: Exactly? Exactly true.
34:32
Speaker 4: And if that's a way that you know, when when
34:35
Speaker 4: we were younger, everybody in America was wondering who shot JR?
34:40
Speaker 4: Everybody's eyeballs right right there?
34:42
Speaker 3: It was engagement, just it was just a different type
34:43
Speaker 3: of engagement, right. One of the things that I've seen
34:46
Speaker 3: specs of And as a sports fan, you might find
34:48
Speaker 3: this interesting as well. The virtual the augmented reality glasses
34:52
Speaker 3: that you can get like like Metabase or something like that,
34:54
Speaker 3: but where you can use those for sporting events. I
34:57
Speaker 3: love the facts that fact like, I think this might
34:59
Speaker 3: actually be neat. You could watch a sporting event, maybe
35:01
Speaker 3: even live. Like if you're at a baseball game and
35:03
Speaker 3: you have these things on that you look at the
35:05
Speaker 3: player and their player card with all their stats and stuff,
35:08
Speaker 3: or right there beside of them, you know, and you
35:09
Speaker 3: can like hit a button and see like highlights or whatever.
35:11
Speaker 3: It might be. Like stuff like that actually sounds kind
35:13
Speaker 3: of interesting.
35:14
Speaker 4: To be too interesting. I mean that sounds that sounds
35:17
Speaker 4: like you're you're turning into a T nine.
35:21
Speaker 3: But imagine like you're watching a basketball game and a
35:23
Speaker 3: guy takes a shot from like the three point arc,
35:25
Speaker 3: and after he takes the shot, the little circle stays
35:27
Speaker 3: there and it shows like what his percentage is shooting
35:29
Speaker 3: from there. I mean, just like, stuff like that sounds
35:31
Speaker 3: like it might be kind of neat.
35:32
Speaker 4: Or if you're a golf and have the tracer perfect
35:35
Speaker 4: idea of glasses so you can see where the ball.
35:37
Speaker 3: Exactly where it goes, exactly the distance the pitch, the
35:40
Speaker 3: you know, the speed of the ball, different things like
35:41
Speaker 3: that kind of neat However, that's not going to replace
35:44
Speaker 3: for me anyway going live, Like I wouldn't want to
35:46
Speaker 3: do that just in a box, like sit in my
35:48
Speaker 3: in my home with a pair of glasses on and
35:51
Speaker 3: watch that. Like I still want to go to the event,
35:52
Speaker 3: but mixing the two where you're there physically and also
35:55
Speaker 3: kind of getting this this extra sensory input like I
35:58
Speaker 3: think in some circumstances that might actually be really cool. Yeah,
36:01
Speaker 3: you know, Tom will tell that's something they can invest
36:04
Speaker 3: in anyway as far as things go. And I may
36:06
Speaker 3: get the information out for John Bredebt at Fourth Avenue
36:07
Speaker 3: Financial one more time. You don't want to miss this.
36:09
Speaker 3: First of all, dollars to though nuts. That's John's kind
36:11
Speaker 3: of an informal meeting that he has the folks that
36:13
Speaker 3: want to discuss about financial matters and kind of an
36:15
Speaker 3: informal setting advantage in vines in South Charleston. That's going
36:17
Speaker 3: to be this Saturday, ten o'clock. Is that right? Yes,
36:20
Speaker 3: at ten o'clock in South Charleston. You can go to
36:22
Speaker 3: the Facebook page which is Fourth Avenue Financial, find the
36:24
Speaker 3: event there and register for just so John has an
36:26
Speaker 3: idea of how many people might show up. So then
36:28
Speaker 3: John does that about once a month or so. You
36:30
Speaker 3: can find out more information online about Fourth Avenue Financial.
36:32
Speaker 3: What's fourth Avenue Financial dot com or do that search
36:35
Speaker 3: on Facebook of course. Located at one seventy Court Street
36:37
Speaker 3: in downtown Charleston. That is right across from the town
36:41
Speaker 3: Center Mall, which is still there for now. Anyway you
36:43
Speaker 3: can it's right across the street from that one seventy
36:45
Speaker 3: Court Street. Their phone number three zero four seven four
36:48
Speaker 3: six seven non seven seven three zero four seven four
36:50
Speaker 3: six seven none seven to seven is where you can
36:53
Speaker 3: get a hold of Fourth Avenue Financial and John Burdett
36:56
Speaker 3: and John, I guess welcome back to the studio and
36:58
Speaker 3: that's going to do it for us for a week.
37:00
Speaker 3: Good take care, really appreciate johnber Debt with Fourth Avenue Financial.
37:03
Speaker 3: You can catch the podcast if you want to find that.
37:05
Speaker 3: It will be up within about an hour or so.
37:07
Speaker 3: WCS network dot com slash retire. Right, we'll take a
37:10
Speaker 3: break well at the top of the hour. Anyway, we'll
37:12
Speaker 3: come back with Dave Allen. He'll be back for five
37:15
Speaker 3: eighty Live before his new show debuts this afternoon at
37:17
Speaker 3: noon with Amanda Baron. That is Metro New's Midday with
37:22
Speaker 3: wwk TD thirteens, Amanda Baron and Dave Allen coming up
37:25
Speaker 3: this afternoon. At noon, we're out of here now. Have
37:27
Speaker 3: a great day everyone on five eight WCHS The Voice
37:29
Speaker 3: of Charleston.
37:42
Speaker 6: Five eight WHSA ninety six point five in Charleston one
37:46
Speaker 6: oh four point five plus Lane.
37:47
Speaker 2: WVRC Media Station. We're proud to live here too.