Latest / WCHS Network Podcasts / 04/07/2025 Retire Right Radio with John Burdette

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04/07/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

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Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
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Speaker 2: The views and opinions expressed on this program do not
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Speaker 2: necessarily reflect the views and opinions of five eight WCCHS
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Speaker 2: its employees or WVRC Media. This is retire Right Radio,
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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 rite. Fourth Avenue Financial is located
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Speaker 2: in downtown Charleston at one seventy Court Street. More information
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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
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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 live
0:57
Speaker 2: to the studio with host Dale Cooper and John Verdett
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Speaker 2: Fourth I have any financial national.
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Speaker 3: Time you are listening to retire Right Radio, you can
1:06
Speaker 3: put the power of retire right Radio one. You're side
1:08
Speaker 3: this morning and gi us a call this morning. Three
1:10
Speaker 3: point can we try it again? Three zero four three
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Speaker 3: four two eight one three one three zero four three
1:14
Speaker 3: four two eight one three one. Good morning. I'm Dell
1:16
Speaker 3: Cooper joining me in studio this morning. Of course, it's
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Speaker 3: John Burdett with Fourth Avenue Financial. John, Good morning, How
1:20
Speaker 3: you doing this morning?
1:21
Speaker 4: I'm doing great.
1:22
Speaker 3: We are going to be here. We can take your
1:23
Speaker 3: phone calls if you have any questions about how you
1:24
Speaker 3: can retire right into UH. You know, things are a
1:27
Speaker 3: little uh uneasy, I guess is one way that you
1:31
Speaker 3: could put it out there in the UH in the
1:33
Speaker 3: UH finance space UH and UH investment space and four
1:37
Speaker 3: to one K space things along those lines. If you
1:39
Speaker 3: have any questions along those lines, give us call this morning.
1:42
Speaker 3: John can help maybe put you at ease a little bit,
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Speaker 3: or at least give you some strategies. Three zero four,
1:46
Speaker 3: three four two eight one three one Fourth Avenue Financial,
1:48
Speaker 3: one line, Fourth Avenue Financial dot com. You spell out
1:51
Speaker 3: the whole thing. Also, you do that same search on Facebook,
1:53
Speaker 3: so you're welcome. He goes to call this morning with
1:55
Speaker 3: any questions you have once again, three zero four, three
1:57
Speaker 3: four two eight one three one. You can also text
1:59
Speaker 3: over your questions. So three zero four non three five
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Speaker 3: five zero zero eight three zero four non three five
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Speaker 3: five zero zero eight. Well John, good morning. How was
2:07
Speaker 3: your weekend? Everything go all right?
2:08
Speaker 2: Uh?
2:08
Speaker 4: Yeah, it went went well.
2:10
Speaker 5: I actually drove up Saturday to a baseball card show
2:14
Speaker 5: in Ohio which was the largest largest show in Ohio. Nice,
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Speaker 5: over three hundred, three hundred dealers there. So it was
2:22
Speaker 5: fun to kind of fun to get back into that.
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Speaker 4: A little bit.
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Speaker 3: That's that's always a good time taking.
2:26
Speaker 5: Take your mind off the market by Paris in the
2:29
Speaker 5: baseball card.
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Speaker 3: How's how's the card market? The card market's pretty good, right,
2:32
Speaker 3: It actually is pretty strong right now. I know that
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Speaker 3: it got kind of a kind of a revitalization during
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Speaker 3: the era, you know, like during COVID where people were
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Speaker 3: like really leaning into their collections again and stuff like that.
2:44
Speaker 3: So I know that there's a I don't know that
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Speaker 3: it's ever gone back down. We have some folks that
2:48
Speaker 3: come on our afternoon show that talks about like the
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Speaker 3: pulse of the collectible market and stuff like that, and
2:52
Speaker 3: they say things are going real.
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Speaker 5: Well, yeah, I think you know, some of the Sugar
2:58
Speaker 5: High came out, sure, but the base right now is
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Speaker 5: still much higher than it was pre COVID, and and
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Speaker 5: it's really the higher grade items that are they just
3:09
Speaker 5: keep setting records every time they come onto the market.
3:12
Speaker 5: You know, your rank and file cards or are doing well.
3:15
Speaker 5: But but it's it's that tip of the spear, I guess,
3:19
Speaker 5: of the of the high end, high grade cards.
3:21
Speaker 6: You know.
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Speaker 3: I wonder about the economy of something like this, not
3:24
Speaker 3: to go down this rabbit hole, because but as it
3:27
Speaker 3: reflects on other things, it's probably kind of interesting because
3:30
Speaker 3: when we saw that spike what you call the sugar high,
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Speaker 3: like during COVID, where people were getting you know, getting money,
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Speaker 3: and some people that were it became disposable income, you know,
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Speaker 3: where you weren't leaving the house, weren't doing much, so
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Speaker 3: you had money you could spend, and so they got
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Speaker 3: into hobbies and stuff, and so card collecting and stuff
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Speaker 3: like that was one of them. And I wonder if
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Speaker 3: there was a period a sweet spot sometime after these
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Speaker 3: things started, and maybe we're still in it. I'm not
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Speaker 3: sure where people who are really into the industry are
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Speaker 3: finding value from people who bought stuff they don't understand,
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Speaker 3: you know what I mean, Like they like, they really
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Speaker 3: wanted to get into it, so they started to figure
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Speaker 3: out how to great cards, and they maybe made some
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Speaker 3: initial investments when they're like, ah, you know, I can't
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Speaker 3: really keep this up, and so they want to sell
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Speaker 3: these things. And maybe there's some opportunity there because they're
4:10
Speaker 3: just they want to turn this thing over that they
4:11
Speaker 3: got and they didn't really get into it.
4:13
Speaker 5: Yeah, I mean, I think there's probably potentially some of that.
4:16
Speaker 5: And then there's just the fact that people maybe that
4:18
Speaker 5: have had collections for thirty years are I know that's true,
4:21
Speaker 5: getting older and looking at the prices and say, maybe
4:24
Speaker 5: I should unload these things now, you know, because you
4:27
Speaker 5: can't take them with you, right, And.
4:29
Speaker 3: That's one of those things. I mean, when you start
4:30
Speaker 3: talking about even somebody within a state or something, if
4:32
Speaker 3: you have enough of these things, that's something you have
4:34
Speaker 3: to be aware of. I mean, are you really doing
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Speaker 3: the people? I mean, it's your state. You can do
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Speaker 3: what you want. But if you give your grandson, you know,
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Speaker 3: ten thousand dollars worth of baseball cards or twenty thousand
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Speaker 3: dollars worth of baseball cards, is that something he's really
4:48
Speaker 3: going to use? Maybe you should sell it beforehand, and
4:50
Speaker 3: then you could give him something that's cash or something.
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Speaker 5: It's hard to say, but there again, when we talk
4:56
Speaker 5: about things like baseball cards or or you know, even
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Speaker 5: gold or silver or coins, stamps, all of those things,
5:06
Speaker 5: you know, I put those in a different class than investments.
5:08
Speaker 5: That kind of bring it back to to what we're
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Speaker 5: talking about here on the show. You know, those are
5:14
Speaker 5: certainly collectibles anti cars is and you know another things
5:17
Speaker 5: a lot of folks do, you know, they're they're different
5:22
Speaker 5: than companies. Companies produce things, Companies multiply, you know. For
5:27
Speaker 5: for something like a baseball card or an antique car,
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Speaker 5: you know, you're hoping somebody comes along and pays you
5:33
Speaker 5: more for it at some point, But at that point
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Speaker 5: you have to transfer the ownership to that person. That's
5:38
Speaker 5: not necessarily the case with an investment of security that
5:41
Speaker 5: is producing goods and services. You know, the owners continue
5:45
Speaker 5: to make money through dividends and stock buybacks and all
5:49
Speaker 5: of those things that go on, and you're not really
5:53
Speaker 5: having to sell your your investment or sell your security
5:58
Speaker 5: to realize the game. And so that's the same thing
6:02
Speaker 5: with your home. You know, your home is a certainly
6:04
Speaker 5: an asset, but for you to realize the growth in
6:10
Speaker 5: the in the value of your home, you have to
6:13
Speaker 5: sell it. Well, then you still have to live somewhere, right, Yeah, well,
6:17
Speaker 5: so did you really you know, how far ahead did
6:20
Speaker 5: you really get in that? In that case where a
6:23
Speaker 5: company multiplies, a company produces actively earnings that the owners
6:28
Speaker 5: are entitled to. So you know, when people are allocating
6:33
Speaker 5: their their investments, I think it's a good idea to realize, Hey,
6:37
Speaker 5: you know, owning things that produce consistently, that's that's how
6:41
Speaker 5: you really multiply your money. You know, it doesn't matter
6:44
Speaker 5: if that house goes up or that baseball card goes up.
6:47
Speaker 5: Ultimately you have to part with it to realize that gain,
6:50
Speaker 5: unlike a productive stock or investment.
6:54
Speaker 3: That's such a fantastic point. If if you invest in
6:56
Speaker 3: a company that makes, you know, a bolt that that
6:59
Speaker 3: uses that's used in plane strains and automobiles, it largely
7:03
Speaker 3: doesn't matter what happens to individual plane strains or automobile
7:06
Speaker 3: companies or stocks. Somebody has to use the bolt you're making.
7:09
Speaker 3: It's being used in all three of those things. With
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Speaker 3: a baseball card collection, although this we haven't seen this happen,
7:14
Speaker 3: but as we talk about consumer sentiment is suddenly people
7:17
Speaker 3: are like, yeah, I don't want to buther those anymore. Right,
7:19
Speaker 3: That's pretty much it, you know, I mean, if the
7:22
Speaker 3: demand goes away, it's not like you can you know,
7:24
Speaker 3: you can't fill up your car tank with them and
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Speaker 3: hope to get anywhere.
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Speaker 5: You know, there are a lot of one hundred year
7:28
Speaker 5: old pieces of paper lying around that aren't worth anything. Yeah,
7:31
Speaker 5: you know, yeah, And you know, I think I think
7:34
Speaker 5: some of those areas, collectible areas and the high end
7:37
Speaker 5: particularly have become like a somewhat of a store of
7:42
Speaker 5: value their value. It's like gold, I mean, what is gold?
7:45
Speaker 5: Gold is a chunk of metal that sets there, but
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Speaker 5: it hasn't accepted value to it that people are willing
7:50
Speaker 5: to buy and sell that because it's just culturally and
7:54
Speaker 5: socially accepted that it has value. And I think some
7:57
Speaker 5: of the high end, whether it be art or baseball
8:01
Speaker 5: cards and things of that nature, and have kind of
8:05
Speaker 5: graduated into that realm to a degree. But there again,
8:10
Speaker 5: you know, I am having fun.
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Speaker 4: Doing it, and that's more of a hobby rights.
8:18
Speaker 3: And that's really more of the payoff from that standpoint. Anyway,
8:21
Speaker 3: It's a challenge.
8:21
Speaker 5: You know, I'm trying to build, for instance, a set
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Speaker 5: of nineteen fifty five tops baseball cards, and it's a
8:27
Speaker 5: challenge to find them all. You know, there are two
8:30
Speaker 5: hundred and six of them in that set. You've got
8:32
Speaker 5: to find all of them, even the players you've never
8:33
Speaker 5: heard of, to try to build that set. Yeah, it's
8:37
Speaker 5: a challenge, and that's what I enjoy about it.
8:41
Speaker 3: We have a caller that's called in this morning has
8:42
Speaker 3: a question for John Burdett. A caller. Go ahead, you're
8:44
Speaker 3: on the air. What's your first name?
8:46
Speaker 7: Thank you? This is Bill and Dunbar.
8:47
Speaker 3: Hey there, Bill, what's your what's your question? Hey?
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Speaker 7: John? Problem? I lost all my money in two thousand
8:54
Speaker 7: and eight and the crash back then because I was
8:58
Speaker 7: heavily leveraged, and then I didn't have the money to
9:02
Speaker 7: reinvest in this huge market in the last twenty year
9:05
Speaker 7: or fifteen years. So if I have a little bit
9:08
Speaker 7: of money, say two hundred dollars a month or so,
9:10
Speaker 7: to start investing again, what would your big year suggestion?
9:16
Speaker 4: Sure, are you currently working? Are you retired?
9:20
Speaker 7: Yeah?
9:20
Speaker 4: Yeah?
9:21
Speaker 3: Currently working?
9:22
Speaker 5: Okay, Okay, I mean certainly starting out with an IRA
9:27
Speaker 5: would be a good way to save towards retirement. Systematically,
9:31
Speaker 5: you can do that, whether it be a traditional or
9:34
Speaker 5: a wroth mutual fund. Investments will take systematic deposits like
9:40
Speaker 5: that relatively small dollars and sell fractional share so you
9:45
Speaker 5: can accumulate the monthly. Typically for something like that, we
9:49
Speaker 5: can set up a draft directly out of your checking
9:52
Speaker 5: account so you don't have to think about it every
9:54
Speaker 5: month and just allow it to compound. And we can
9:58
Speaker 5: invest it in just about anything under the sun, you know,
10:00
Speaker 5: whatever is comfortable, you're comfortable with, and whatever your goal
10:05
Speaker 5: and your time horizon is, we can match the investment.
10:07
Speaker 3: Up to that.
10:09
Speaker 7: Great Okay, I'll give you a call. You do a
10:11
Speaker 7: great job, you and Cooper, all right.
10:12
Speaker 4: I appreciate it. Thanks, Bill, appreciate that.
10:14
Speaker 3: His phone number three zero four seven four six seven
10:16
Speaker 3: nine seven seven three zero four seven four six seven
10:18
Speaker 3: nine seven seven. If you want to get a hold
10:20
Speaker 3: of Fourth Avenue Financial, you can also find them online
10:23
Speaker 3: at fourth Avenue Financial dot com or on Facebook where
10:25
Speaker 3: you can get a hold of John that way as well. Hey,
10:28
Speaker 3: you to hear that, you know two thousand and eight
10:30
Speaker 3: snuck up on you and you have you're over leveraged,
10:32
Speaker 3: and now you're in the middle of this trying to
10:34
Speaker 3: make plans as well. But there are plans to be made.
10:37
Speaker 5: Right well, And a lot of folks today think back
10:40
Speaker 5: to two thousand and eight and how bad that period
10:42
Speaker 5: was and think that this has to be another two
10:46
Speaker 5: thousand and eight, And you know, that story has yet
10:49
Speaker 5: to be written, and we'll see how that how that goes.
10:51
Speaker 5: But but remember even in two thousand and eight, the
10:54
Speaker 5: recovery was strong. You know, eventually the market found new
10:58
Speaker 5: highs and it's now many multiples of the value that
11:02
Speaker 5: it was in two thousand and eight. There again, because
11:04
Speaker 5: those companies produce goods and services and earnings that compound
11:08
Speaker 5: over time. And so even if we have a swoon,
11:14
Speaker 5: if this turns out to be like two thousand and eight,
11:17
Speaker 5: you know, in three years two thousand and eight was
11:19
Speaker 5: over and we had new highs again. That's what history
11:23
Speaker 5: of the market shows. You know, any chart you look
11:27
Speaker 5: at of the market, you see volatility if you narrow
11:31
Speaker 5: it down the timescale, But if you look at the
11:35
Speaker 5: market over fifty years, sixty years and beyond, you know,
11:39
Speaker 5: it looks almost like a hockey stick. There's very that
11:42
Speaker 5: volatility smooths out over time, and and all of those
11:47
Speaker 5: ups and downs that we experienced from day to day,
11:49
Speaker 5: even without the market turmoil that we've had, for instance
11:52
Speaker 5: last week, just the general market volatility, it's hard to
11:57
Speaker 5: be seen on that chart if you step back far enough.
12:00
Speaker 5: And I think that's the trick to dealing with these
12:03
Speaker 5: times is having the proper perspective. Now, if you're retired,
12:08
Speaker 5: if you're drawing money off off of the market, you
12:12
Speaker 5: know that changes the calculus a little bit. This volatility
12:15
Speaker 5: could be very damaging if you're not allocated properly. But
12:20
Speaker 5: if you are allocated property, even for somebody in retirement,
12:24
Speaker 5: this is not really a life changer or a game changer,
12:28
Speaker 5: because the market does this from Tom to tom. So
12:32
Speaker 5: if you're planning properly, you're accepting that this will happen
12:37
Speaker 5: from Tom to Tom and building the portfolio around that.
12:40
Speaker 5: So you're accepting that the market will be volatile. You're
12:43
Speaker 5: accepting that every four, five, six, eight years we're going
12:47
Speaker 5: to have a big, bigger downturn in the market that
12:50
Speaker 5: might last for a year or two. And you can
12:54
Speaker 5: mitigate those risks by building the portfolio correctly, but making
12:58
Speaker 5: sure that your short term needs are met with assets
13:00
Speaker 5: outside of the stock market, bonds, fixed investments, you know,
13:05
Speaker 5: things like that that ensure that the short term money
13:08
Speaker 5: is going to be there when you need it to
13:09
Speaker 5: draw that income off to allow the long term market
13:12
Speaker 5: money that provides the growth. It's the growth engine, the
13:16
Speaker 5: time to recover where you're not forced to sell at
13:20
Speaker 5: the wrong time. If you control your exit point, then
13:25
Speaker 5: you're most likely going to win. If you're forced to
13:29
Speaker 5: sell into this panic, then then all bets are off.
13:33
Speaker 5: You know, you're the weekend essentially because your portfolio wasn't
13:36
Speaker 5: constructed correctly, and you don't want to be the weekend
13:39
Speaker 5: if you're forced to sell at the wrong time. Because
13:41
Speaker 5: sometimes the markets are irrational. You know, the markets right
13:44
Speaker 5: now could be irrational. We took a big hit last week,
13:49
Speaker 5: you know from from the you know, the news and
13:54
Speaker 5: the markets trying to digest what all these tariffs mean.
14:00
Speaker 4: Fear is very high.
14:02
Speaker 5: Well, it also could be the case that fear is
14:05
Speaker 5: very high and then and almost fear is so high
14:08
Speaker 5: it's like what else could it go? What else could
14:10
Speaker 5: be piled onto this to make it worse? You know,
14:13
Speaker 5: at some point the next piece of news has to
14:16
Speaker 5: be better than the worst case scenario.
14:18
Speaker 3: We hope.
14:19
Speaker 5: Yeah, yeah, I mean, you know that's your level out
14:21
Speaker 5: at some point, right, That's typically how it happened. And
14:23
Speaker 5: then all of a sudden, the market bounces, you know,
14:26
Speaker 5: fifteen hundred points in one day. Okay, what if you
14:30
Speaker 5: panicked and sold the day before, you know, you get
14:33
Speaker 5: into this short term whip saw. That's that's hard to predict.
14:36
Speaker 5: You know, I don't know what the market's going to
14:38
Speaker 5: do today, tomorrow or the next day, but I'm pretty
14:42
Speaker 5: I'm pretty sure if your companies are productive and producing earnings.
14:46
Speaker 5: By the way, fourth quarter earnings were up eighteen percent.
14:49
Speaker 5: Earnings were good. You know, if you own that and
14:55
Speaker 5: your patient, the owner of the companies are going to
14:58
Speaker 5: do pretty well if they're patient in that environment.
15:00
Speaker 3: There's been a little bit of a disservice in the
15:02
Speaker 3: last decade or so. I guess where we so tightly
15:07
Speaker 3: relate with the quote unquote market to like our day
15:11
Speaker 3: to day economy, right, And those are just two asymmetrical
15:14
Speaker 3: things that don't really match up all that well together.
15:16
Speaker 3: And I think that a lot of a lot of
15:18
Speaker 3: the anxiety, for example, not that people I mean, if
15:20
Speaker 3: you're concerned about something and you have something in your life.
15:22
Speaker 3: I mean, I'm not here to tell you that you
15:23
Speaker 3: shouldn't be I'm just saying that. For example, I talked
15:25
Speaker 3: to a guy this weekend at a gathering, knowing pretty
15:29
Speaker 3: well outside social circles, but knowing pretty well retired, been
15:32
Speaker 3: retired for a long time, and you know, as things
15:36
Speaker 3: break up in gatherings, people will break up and there'll
15:38
Speaker 3: be different conversations and places and stuff, and towards the
15:41
Speaker 3: end of the whole thing, he started, he started. He's
15:44
Speaker 3: a news agnostic, so he does He's not really into news.
15:47
Speaker 3: He's not a political person or anything at all. He
15:49
Speaker 3: travels a lot, just really doesn't pay attention to much
15:51
Speaker 3: of anything else. Heard a lot of stuff at this
15:54
Speaker 3: gathering because it's the first place time that he's been
15:56
Speaker 3: still in a while. A lot of stuff, and some
15:59
Speaker 3: of the stuff he was a little upset of. I was like,
16:00
Speaker 3: I didn't know this was happening. But at the same time,
16:02
Speaker 3: this guy's living off his retirement. He had no clue, right, Yeah,
16:05
Speaker 3: he had no idea. I mean he was like, really,
16:07
Speaker 3: I mean I heard something about it, but it didn't
16:09
Speaker 3: affect his bottom line, and he did like yet but
16:11
Speaker 3: but his h he has a financial advisor that he's
16:14
Speaker 3: worked with forever. That person had didn't call me like,
16:16
Speaker 3: you're in trouble. We got to do so. I mean,
16:17
Speaker 3: none of that stuff happened to him. No, he was.
16:19
Speaker 3: He was completely If he wasn't at this gathering hearing
16:22
Speaker 3: everybody talk in their little breakout groups and stuff like that,
16:24
Speaker 3: he would have no idea what was going on. Now.
16:26
Speaker 3: Not everybody has that privilege to be in a place
16:28
Speaker 3: where you can detach from from those types of things.
16:31
Speaker 3: But that just goes to show you that if you're
16:33
Speaker 3: not listening to all the stuff that's going on out there,
16:35
Speaker 3: your panic level would probably be a little less.
16:38
Speaker 5: Yeah, you know the Great Depression, for instance, all of
16:41
Speaker 5: our thoughts about it are are all all black and
16:44
Speaker 5: white and doom and gloom. But I can assure you
16:47
Speaker 5: in real life, the sun was shining. There were nice
16:51
Speaker 5: general breezes some days that made it that made it
16:55
Speaker 5: very enjoyable. There were lots of innovations happening. People were
17:00
Speaker 5: know aviation was coming about there, there were a lot
17:03
Speaker 5: of things that were being developed. In the middle of
17:05
Speaker 5: all that, people were living their lives. And now, yes,
17:09
Speaker 5: the the markets were down, we you know, unemployment was
17:12
Speaker 5: up and that sort of thing. But you know, even
17:15
Speaker 5: in that scenario, the vast majority of people have had
17:18
Speaker 5: jobs and we're working.
17:20
Speaker 4: You know, we have.
17:24
Speaker 5: Historically low unemployment right now and uh and that doesn't
17:28
Speaker 5: look to be changing any anytime soon. It's almost like
17:32
Speaker 5: we still have a shortage of workers.
17:34
Speaker 3: So what's going to happen if all these jobs were created?
17:37
Speaker 4: That's right?
17:37
Speaker 5: I mean, you know where where where are the new
17:40
Speaker 5: factories that are coming Where are those people going to be,
17:42
Speaker 5: you know, come from?
17:43
Speaker 4: So we'll see.
17:44
Speaker 3: I'm not so sure the American worker is ready for
17:45
Speaker 3: the sixty hour factory workers on a broad scale.
17:49
Speaker 5: But but any any rate, you know, these things always pass,
17:55
Speaker 5: and the folks that get hurt are are the folks
17:58
Speaker 5: that haven't planned for the reality that these things happened
18:02
Speaker 5: from time to time and are forced to do things
18:07
Speaker 5: at the wrong times. That's how you get hurt owning
18:11
Speaker 5: productive companies because those companies are still making profits. You know,
18:16
Speaker 5: if you would separate yourself from the daily price fluctuations
18:21
Speaker 5: in two thousand and eight, for instance, you know, you
18:24
Speaker 5: drop by McDonald's there's still people buying cheeseburgers. You know,
18:28
Speaker 5: you fly over the parking lot at Disney, it was
18:31
Speaker 5: still full. You know, economic activity did not stop in
18:35
Speaker 5: two thousand and eight.
18:38
Speaker 4: It rolled on.
18:39
Speaker 5: Now, the market was down forty percent in two thousand
18:41
Speaker 5: and eight, but the economic activity was still there.
18:47
Speaker 4: So if you had the ability.
18:49
Speaker 5: To not sell, if you structured portfolio in a way
18:54
Speaker 5: where that was going on in the background and you
18:57
Speaker 5: were still living your day to day life, it didn't
19:00
Speaker 5: affect you at all because in a couple of years
19:02
Speaker 5: everything was back and on to new record highs. And
19:06
Speaker 5: no matter how deep this downturn becomes, I have no
19:11
Speaker 5: doubt that in a few years this will be in
19:14
Speaker 5: a rear view mirror, maybe in a few months. You know,
19:17
Speaker 5: historically it doesn't even take that long. Two thousand and
19:20
Speaker 5: eight was a very deep decline, more of a broad
19:24
Speaker 5: economic you know panic that happened, and it took three
19:28
Speaker 5: years for that to pass. We're right now in a
19:32
Speaker 5: stage that you know, we're not officially in a bear
19:35
Speaker 5: market or anything like that. I mean, typically we're in
19:38
Speaker 5: a matter of months for a downturn like this to
19:41
Speaker 5: rectify itself. But it could take a year. It could
19:44
Speaker 5: take two years, could take three years. I mean that
19:46
Speaker 5: happens sometimes in the market, so can't predict the market.
19:51
Speaker 5: But if you own productive assets and you're allocated correctly, you're.
19:55
Speaker 4: Going to get through it.
19:57
Speaker 3: That's a great information for a John Berdebt, Fourth Avenue Financial.
19:59
Speaker 3: Like Bill, did you I you want to give us
20:00
Speaker 3: a call this morning, You're more than welcome to three
20:01
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20:05
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Speaker 3: our text lon number. Let's go ahead and do this.
20:15
Speaker 3: Let's take a break, we'll come back. We still have
20:17
Speaker 3: plenty more that we need to talk about this morning,
20:18
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20:20
Speaker 3: three zero four three four two eight one three one
20:21
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20:23
Speaker 3: for John Bredett from Fourth Avenue Financial. If you need
20:26
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20:28
Speaker 3: your future, you can give us a call this morning.
20:30
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21:01
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22:54
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22:58
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23:00
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23:02
Speaker 3: this morning. If you have a question for John three
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23:13
Speaker 3: this morning also at text three zero four non three
23:15
Speaker 3: five five zero zero eight three zero four non three
23:18
Speaker 3: five five zero zero eight. Uh. And we've we've been
23:21
Speaker 3: talking about around this issue a lot since we came
23:23
Speaker 3: on the air as far as when the market's uh,
23:25
Speaker 3: it's not even volatile right now. Things are kind of falling,
23:28
Speaker 3: but you have to expect that that's going to happen.
23:30
Speaker 3: There's going to be an arrestment point at some point,
23:32
Speaker 3: there'll there'll there'll be a floor to it, and then
23:35
Speaker 3: there'll be bounces, and there'll be dead count bounces and
23:37
Speaker 3: all kinds of bounces and things. We'll start building back up.
23:39
Speaker 3: But John and I were talking just a little bit
23:41
Speaker 3: during the break about a couple of anidotal situations. But
23:44
Speaker 3: the truth of the matter is if you're if you're
23:47
Speaker 3: in a situation where where you were over leverage. Bill
23:50
Speaker 3: was talking about being over leveraged in two thousand and
23:52
Speaker 3: eight and lost some money and doing that, you really
23:55
Speaker 3: need to find a situation. I guess I hope that
23:58
Speaker 3: you're in a situation where you don't have to sell
23:59
Speaker 3: anything off right now. I mean, you need to try
24:01
Speaker 3: to wait through what's going on. For the most part,
24:03
Speaker 3: you need to talk to your financial advisor, make sure
24:04
Speaker 3: that where your where your weaknesses are coming from. But
24:08
Speaker 3: for the most part, you really don't want to sell
24:09
Speaker 3: into losses like this if you could keep.
24:11
Speaker 5: From it for the most part, and everybody is unique,
24:15
Speaker 5: and yes, you should talk to your financial advisor and
24:18
Speaker 5: make sure that you're making the right decisions for you
24:21
Speaker 5: and your situation. But hanging on in times like this
24:26
Speaker 5: historically is the right thing to do, particularly if you're.
24:29
Speaker 4: In a diversified portfolio.
24:31
Speaker 5: One individual company you know has has its own set
24:34
Speaker 5: of risks. But but if you're an undiversified portfolio, quote
24:40
Speaker 5: the market, these are typically not the times to sell.
24:45
Speaker 5: You know, after eight years, after eight I would still
24:49
Speaker 5: have people coming into my office and they would say
24:52
Speaker 5: things like, well, I'm glad I sold in eight before
24:55
Speaker 5: I lost everything, And this was three or four years after.
24:59
Speaker 3: Do you want see where you would be now if
25:00
Speaker 3: you didn't sell? That's right?
25:02
Speaker 5: Yeah, you know what happened was they sold when the
25:05
Speaker 5: pain was the highest, and which was the actually the
25:09
Speaker 5: right time to be buying, not selling. You know, in
25:12
Speaker 5: an environment like this, if you are if if you
25:16
Speaker 5: have a long term portion of your portfolio, not the
25:20
Speaker 5: money that you need the next few years for income
25:22
Speaker 5: if you're retired, but the long term portion of your portfolio,
25:26
Speaker 5: you really should be adding to your stock positions in
25:29
Speaker 5: this panic rather than taking away from it. Because the
25:35
Speaker 5: market bounces back now not all at once. I mean,
25:38
Speaker 5: you don't want to throw everything in all at once,
25:40
Speaker 5: because this decline could possibly get worse, or we may
25:45
Speaker 5: have seen the last of it.
25:46
Speaker 4: You know, I don't know the answer.
25:48
Speaker 5: To that, but I know that when we're down like this, historically,
25:52
Speaker 5: adding quality investments into your portfolio in times like this
25:58
Speaker 5: historically have always paid all.
26:01
Speaker 2: That.
26:01
Speaker 4: And that's in always is a pretty you know, big stamp.
26:05
Speaker 3: Yeah right, but it's true. I mean when you look
26:07
Speaker 3: at it over the right of the right scale. And
26:09
Speaker 3: that's just to say. John has to talk in generalities
26:12
Speaker 3: for the most part as he's doing this program because
26:14
Speaker 3: he can't address each individual when we're trying to do
26:16
Speaker 3: a general program. So if you have questions about your
26:18
Speaker 3: specific situation, maybe you're listening to radio like, well, that
26:21
Speaker 3: that doesn't apply to me because I have X, Y Z.
26:23
Speaker 3: Well that that's very true, because everybody's different in that regard.
26:26
Speaker 3: And that's why you need to pick up the phone
26:27
Speaker 3: and call us right now if you want too. Three
26:29
Speaker 3: zero four three four two eight one three one. We
26:30
Speaker 3: still have ten minutes on the air if you want
26:31
Speaker 3: to ask you a question, or you can call John
26:34
Speaker 3: at some point and deploy your more complicated scenario because everybody,
26:37
Speaker 3: let's face it, everybody lives in a fingerprint. You know,
26:40
Speaker 3: everybody is unique in their own in their own style,
26:42
Speaker 3: in their life. Templates will work in a lot of ways.
26:45
Speaker 3: But sometimes you have a situation that you need some
26:47
Speaker 3: Addressment one and John can help you with that. You
26:48
Speaker 3: can call him either here today three zero four three
26:50
Speaker 3: four to eight one three one or three zero four
26:53
Speaker 3: seven four six seven nine seven seven at Fourth Avenue
26:55
Speaker 3: Financial with any other questions that you have. Because there
26:57
Speaker 3: is a path, you know, you need to find where
27:00
Speaker 3: you need to go, just like Bill was talking about earlier.
27:02
Speaker 3: Bill was basically starting all over, but he realizes the
27:05
Speaker 3: value in that and knows he needs to find a
27:07
Speaker 3: way to find that route, to find that path. And
27:10
Speaker 3: so you just have to find the right path to
27:11
Speaker 3: go on right.
27:12
Speaker 5: And I'll tell you from a personal standpoint, I started
27:15
Speaker 5: putting some money into the market on Friday. Now, the
27:19
Speaker 5: market could be down today and the next day and
27:21
Speaker 5: the next day, and would I've been better to wait, Yes,
27:24
Speaker 5: But I don't have a crystal ball. So I started
27:28
Speaker 5: putting some money in a Friday, And if the market's
27:31
Speaker 5: down this week, I'll put a little bit more money in.
27:33
Speaker 5: You know, I've got some money in money market that
27:35
Speaker 5: I'm not needing for the short term, and I'm just
27:39
Speaker 5: adding to my positions in the volatility now. Like I say,
27:45
Speaker 5: I could be wrong short term, but I bet you
27:49
Speaker 5: three to five years from now, I'm going to be
27:51
Speaker 5: happy that I did that right and and you know,
27:55
Speaker 5: and I'm able to do that because i had cash,
27:59
Speaker 5: you know, that had accumulated on the sideline, and I'm
28:02
Speaker 5: just reallocating what I've already set aside.
28:05
Speaker 4: I'm not living off of that money.
28:07
Speaker 5: You know, I'm not retired obviously, so I'm not living
28:11
Speaker 5: off of the money. This is truly long term investment.
28:15
Speaker 5: So for somebody you know, our age for instance, in
28:20
Speaker 5: most cases, this volatility is nothing more than an opportunity.
28:23
Speaker 5: It does not change your life. You know, if you
28:25
Speaker 5: have a two hundred thousand dollars in an account and
28:29
Speaker 5: it goes to one hundred and fifty thousand dollars in
28:31
Speaker 5: your account and you're working, it doesn't change your life
28:35
Speaker 5: because that didn't factor into your life at all in
28:37
Speaker 5: the way you live. Just a number on a page
28:40
Speaker 5: to you, you know, add to it, add to it,
28:44
Speaker 5: let it accumulate, and those numbers will grow over time,
28:47
Speaker 5: and it doesn't change anything. About your lifestyle. It's just
28:53
Speaker 5: an emotional toll that it takes. If you, you know,
28:56
Speaker 5: look at that statement every day, look on the internet
28:58
Speaker 5: every day and see what the stocks are doing. There's
29:01
Speaker 5: no reason to do that if you own quality companies,
29:05
Speaker 5: no reason at all. We've talked about the real estate
29:09
Speaker 5: as an example before. You know, take one hundred thousand dollars,
29:12
Speaker 5: buy a house, rent it for one thousand dollars a month.
29:16
Speaker 5: If somebody knocked on the door next month and said
29:18
Speaker 5: I want to buy your house, I'll give you eighty
29:20
Speaker 5: thousand for it, you tell them to hit the road.
29:23
Speaker 5: You wouldn't panic. The same thing's happening today with your stocks.
29:28
Speaker 5: If you're not needing to sell it. You weren't thinking
29:31
Speaker 5: about selling it even before the market got rocky. Why
29:36
Speaker 5: would it matter what it's worth. If you're comfortable that
29:39
Speaker 5: you own a good asset that produces income. Just like
29:42
Speaker 5: that real estate, you know, it doesn't matter what the
29:46
Speaker 5: value is if you're getting one thousand dollars a month's rent.
29:49
Speaker 5: You know, same thing with your stocks. If those companies
29:52
Speaker 5: are producing earnings, if they're paying dividends, if they're buying
29:55
Speaker 5: shares back, and you're a patient. As an owner, you're
29:59
Speaker 5: going to benefit in that productivity.
30:03
Speaker 3: It only makes sense and it's the right way to
30:04
Speaker 3: look at things. And again, I think that the thing
30:06
Speaker 3: that's happened in a lot of cases is news in
30:09
Speaker 3: the headlines cover quote unquote the market in the same
30:13
Speaker 3: breath that they cover virtually everything else. And so I
30:15
Speaker 3: think people tend to relate these things together. They hear
30:18
Speaker 3: things in the headline that maybe they consider negative and
30:21
Speaker 3: they attach it to the market. The market's just the market.
30:23
Speaker 3: The market's not even an unemployment rate, you know. I mean,
30:25
Speaker 3: there might be an effect that an unemployment rate will
30:27
Speaker 3: have on a market, but that's not what drives it
30:29
Speaker 3: or determines it or anything. Those are those are there's
30:32
Speaker 3: different indicators, but that's not what the market is. And
30:34
Speaker 3: I think that sometimes people pour a lot of their own,
30:38
Speaker 3: like their sentimentalities about the economy in general into what
30:41
Speaker 3: quote unquote the market is. The market is just the
30:43
Speaker 3: companies producing, you know. I mean that's really that they
30:46
Speaker 3: don't get involved. I mean, the individual companies might get
30:49
Speaker 3: involved with politics or whatever one way they're but the
30:51
Speaker 3: market itself doesn't. It's it's a political it's just companies
30:54
Speaker 3: that are trying to make money in one way, shape
30:56
Speaker 3: or form. The rest of the stuff are news reporting,
30:59
Speaker 3: and they might be sent me are influencing factors, but
31:01
Speaker 3: it's not the market itself. And right I think that
31:03
Speaker 3: gets conflated sometimes.
31:04
Speaker 5: Absolutely, and and and then you have to remember the
31:08
Speaker 5: companies right now, whatever these policies are, the tariff policies,
31:11
Speaker 5: as they roll out and people learn about them, they
31:15
Speaker 5: are not going to do nothing. They're going to do
31:19
Speaker 5: their best to grow their earnings and compensate their shareholders appropriately.
31:24
Speaker 5: They're not setting on their hands. They're not throwing their
31:26
Speaker 5: hands up in the air and saying, well, forget it,
31:28
Speaker 5: we're not going to try to earn money next month.
31:31
Speaker 5: That's not what's going on right now. What's going on
31:34
Speaker 5: as every boardroom in America is looking at the situation
31:36
Speaker 5: and saying, Okay, these are the rules. How do we
31:39
Speaker 5: play in these rules?
31:42
Speaker 3: And and there's people that are very good at that,
31:45
Speaker 3: and that's get paid well exactly and sometimes that that
31:49
Speaker 3: is almost the that's almost the key to the company,
31:52
Speaker 3: more more so than you know research and development or
31:54
Speaker 3: anything else. Is the person that sort of controls those
31:57
Speaker 3: things that determine strategies and things on those lines. That's
32:00
Speaker 3: why that's a very important position. But companies that have
32:03
Speaker 3: a board or people or or they handle those things
32:06
Speaker 3: well generally you can see who those are because they're
32:08
Speaker 3: the ones that keep rising to the top. You know
32:09
Speaker 3: that they're doing their job, and that's what makes a
32:11
Speaker 3: company that's worth investing in. Maybe they're down a little
32:13
Speaker 3: bit now, but you know over that long, long, long
32:17
Speaker 3: term of things, they're going to be fine.
32:19
Speaker 4: Yeah, no doubt about it.
32:20
Speaker 3: It's it's it is interesting times, there's no doubt about that.
32:23
Speaker 3: Hopefully next week when we come on the airways, maybe
32:25
Speaker 3: we'll have one of those one of those cracks that
32:28
Speaker 3: you're talking about things starting to bounce back up. I
32:31
Speaker 3: was listening to the futures coming back in. It's not
32:32
Speaker 3: going to be today, I don't think.
32:33
Speaker 5: But although the futures have have shaved about half the
32:37
Speaker 5: losses off this one.
32:38
Speaker 3: Oh that's good. So there's okay, So.
32:40
Speaker 4: There's a little a little pounced back.
32:42
Speaker 3: So see you never know.
32:43
Speaker 5: Hey, you know, the the the silver lining in all
32:46
Speaker 5: of this is that oil prices have collapsed in the
32:49
Speaker 5: last the last week.
32:51
Speaker 3: I was listening to the explanation It's like, well, if
32:52
Speaker 3: people are so depressed they're not going to go anywhere,
32:54
Speaker 3: then suddenly the demand for oil so early low, so
32:57
Speaker 3: the price goes down.
32:58
Speaker 5: Yeah, but you know, there's always in a market, there's
33:00
Speaker 5: always something.
33:01
Speaker 3: But it is weird. The old thing is. It is
33:04
Speaker 3: awful weird that when those prices go up and oil,
33:06
Speaker 3: the gas prices go up immediately. But when they come down, boy,
33:09
Speaker 3: my gas prices are still a little on the high side.
33:11
Speaker 3: You know something.
33:12
Speaker 5: It's because the tank in the ground is full of
33:14
Speaker 5: the old price.
33:15
Speaker 3: But what about the other way, when you buy at
33:17
Speaker 3: the cheap gas. Right, It's a little bit strange the
33:20
Speaker 3: way those marbles are moved around sometimes.
33:23
Speaker 4: Well that's that management we were talking.
33:25
Speaker 3: Yeah, I mean they're managing to say, hey, if you
33:27
Speaker 3: find a way to make a little extra here or there,
33:29
Speaker 3: then so be it. I guess, oh it is. It
33:32
Speaker 3: is strange sounds. But look, Fourth Avenue Financial. We do
33:34
Speaker 3: retire Right Radio every Monday morning at eight twenty. You
33:36
Speaker 3: can tune in at every Monday more or less like clockwork.
33:39
Speaker 3: Occasionally John might be out of town, but we'll do
33:40
Speaker 3: the show remotely if we need to, but you can
33:43
Speaker 3: tune into retire right Radio. We have hundreds of programs
33:45
Speaker 3: available on the website. You can go to WHS network
33:48
Speaker 3: dot com slash retire right. You can see all kinds
33:50
Speaker 3: of shows that are on there. And I guarantee you
33:53
Speaker 3: if you go back like two years and you listen
33:55
Speaker 3: to a program, because I've done this, you go back
33:56
Speaker 3: two years and like, listen to a program. The advice
33:58
Speaker 3: that John gives if it's if it was relevant in
34:01
Speaker 3: the time and it comes forward, it always pays off.
34:03
Speaker 3: I mean you can find it. You can go back
34:04
Speaker 3: in our archives and check that out. It's pretty interesting
34:06
Speaker 3: to do because I've had to put together some best
34:08
Speaker 3: of shows before when when you've been gone and going
34:10
Speaker 3: back and listen to some of these like hey, John,
34:11
Speaker 3: let's right about this? John was right about this? What
34:13
Speaker 3: do you know? So it does it does pay off
34:16
Speaker 3: to listen to the program. So you can check that
34:18
Speaker 3: out at WHS network dot com, slash retire right. And
34:21
Speaker 3: you can find the Facebook page at Fourth Avenue Financial Online.
34:25
Speaker 3: You can like that Facebook page. Any upcoming events like
34:28
Speaker 3: dollars to donut something like that. If there's going to
34:29
Speaker 3: be a an April one perhaps yeah, something something like that. Well, yeah,
34:35
Speaker 3: we'll get something on the calendar. Talk about that later on.
34:38
Speaker 3: Also one line that's fourth Avenue Financial dot Com. Fourth
34:41
Speaker 3: Avenue Financial dot Com is where you can find that information.
34:44
Speaker 3: But otherwise, I guess, did you say earning seasons is
34:48
Speaker 3: already started. It's getting ready to come back, right, Yeah, Well.
34:51
Speaker 5: I was just saying fourth quarter earnings and throughout the
34:55
Speaker 5: rest of the year earnings are still projected to grow
34:58
Speaker 5: at a pretty healthy clip. So usually the market follows earnings.
35:02
Speaker 5: So you know, we're not in a point at this
35:05
Speaker 5: time where it looks like we're having a collapse of
35:08
Speaker 5: earnings and economic activity. And so if these tariffs don't
35:13
Speaker 5: result in that, then what are we doing here with
35:17
Speaker 5: the market?
35:18
Speaker 2: Right?
35:18
Speaker 5: You know, if companies are still earning money, that's a
35:21
Speaker 5: good sign.
35:22
Speaker 3: So keep your eye out on things, but don't follow
35:24
Speaker 3: the headlines every day with baited breath. You don't need to.
35:26
Speaker 3: You don't need to get your anxiety out of control
35:29
Speaker 3: by following people that are paid to try to make
35:31
Speaker 3: you feel anxious. Frankly, with some of the headlines and
35:34
Speaker 3: such that are out there, But that's going to do
35:36
Speaker 3: it for us today, think so much we're tuning in
35:37
Speaker 3: to retire right Radio. You can catch us next Monday
35:39
Speaker 3: at eight twenty right here on five ADWCHS. The Voice
35:41
Speaker 3: of Charleston. Coming up next is gonna be Dave Allen.
35:43
Speaker 3: That'll be followed by Dave Wilson and TJ on talk
35:46
Speaker 3: Line coming up after that, and then Metro News midday
35:49
Speaker 3: with Dave Allen back and with Amanda Baron from WWATV
35:53
Speaker 3: thirteen News. And then I'll be back this afternoon at
35:55
Speaker 3: three or six on Hotline with Dave weekly as our
35:58
Speaker 3: afternoon of Dave's continue today. Thank you so much of
36:01
Speaker 3: your time. Appreciate it. John all right, thank you. That's
36:03
Speaker 3: John for Debt, not Dave from Fourth Avenue Financial one line,
36:05
Speaker 3: Fourth Avenue Financial dot Com, Fourth Avenue Financial dot Com.
36:08
Speaker 3: And also three zero four seven four six seven done
36:10
Speaker 3: seven seven three zero four seven four six seven none
36:13
Speaker 3: seven seven. That's gonna do it for us. Thanks everyone
36:15
Speaker 3: for tuning in. Have a great day. You're listening to
36:17
Speaker 3: five ed w c HS The Boys of Charleston.
36:27
Speaker 6: Five ed w c HS a m nby six point
36:29
Speaker 6: five that's in Charleston one oh four point five Cross
36:31
Speaker 6: Lane on WVRC Media station. We're proud to live here too,