Latest / WCHS Network Podcasts / 10/27/2025 Retire Right Radio with John Burdette

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10/27/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

• 0:00
  Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
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  Speaker 1: the realtor makes real estate dreams a reality, whether it's
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  Speaker 1: residential or commercial. We've got Charleston to Huntington covered. Your
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  Speaker 1: key to exceptional real estate experience is start here Meeks Realtygroup.
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  Speaker 1: Contact us at Meeks dot us.
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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
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  Speaker 2: that aims to answer your questions about financial planning, investing,
• 0:34
  Speaker 2: and how to retire right. 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
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  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 lide
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  Speaker 2: to the studio with host Dale Cooper and John Verdett
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  Speaker 2: from fourth I have any financial.
• 1:03
  Speaker 3: Interpleasant wanting to you. It is twenty one minutes past
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  Speaker 3: eight o'clock. It's a Monday morning here on five ad
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  Speaker 3: w c HS the voice for Charles and joining me
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  Speaker 3: in a studio this morning is John Burdett from Fourth
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  Speaker 3: Avenue Financial. John, Good morning, how you doing this morning? Oh,
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  Speaker 3: wonderful happy Monday to you. Yeah it is, We're.
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  Speaker 4: It's a Monday.
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  Speaker 3: Happy is a relative term, I suppose, right, but hey,
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  Speaker 3: it's we're finally we're definitely getting into the autominal season. Now.
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  Speaker 3: See you're wearing a little little zip up today. I
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  Speaker 3: had to wear a jacket into work. There's no more
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  Speaker 3: of this. I could have made it without a jacket
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  Speaker 3: if I wanted to, but you know why you need one.
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  Speaker 5: Yeah, it's definitely layer weather. You know it's cold in
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  Speaker 5: the morning and you take it off through the day.
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  Speaker 3: Now, I tell you what, it was nice. I did
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  Speaker 3: so much outdoor work this weekend. It was so nice
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  Speaker 3: because it was nice enough to where you could get
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  Speaker 3: the things done, but it wasn't hot at all, so,
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  Speaker 3: I mean, you could be out there forever and weren't
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  Speaker 3: really you know, breaking a terrible sweat or anything. So
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  Speaker 3: I did tons of yard work and and things like
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  Speaker 3: that this weekend. Yeah, ambitious, Yeah, pretty fuch. I didn't
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  Speaker 3: get I didn't get to my eves. I'm going to
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  Speaker 3: be putting some covers on my eves and doing some
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  Speaker 3: work with the drainage of my house. I didn't get
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  Speaker 3: to that this weekend, but I did about everything else.
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  Speaker 3: Did a lot of landscape clearing and stuff like that.
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  Speaker 3: Just felt good.
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  Speaker 5: He was like, oh, well, I spent the weekend refinishing
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  Speaker 5: a mid century one of those big stereo consoles.
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  Speaker 2: So nice.
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  Speaker 5: So I got that, you know, spruced up. I took
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  Speaker 5: out all the old it was beyond repair, but the
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  Speaker 5: case looked good and the speakers are great.
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  Speaker 4: So I took out all.
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  Speaker 5: The old components. And I haven't quite got everything set
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  Speaker 5: in there yet, but putting new components in the old case,
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  Speaker 5: and I've got it to the point where, you know,
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  Speaker 5: I can play some records and it sounds great. It's
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  Speaker 5: just not all quite hooked hooked in yet.
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  Speaker 3: The amazing thing about those old it's an old cabinets, yes, yeah.
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  Speaker 3: The amazing thing about those old things is I know
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  Speaker 3: that it was before Dolby's Surround and like all these
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  Speaker 3: different layers of of of sound technology that we have today.
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  Speaker 3: But simply putting the needle on a record in one
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  Speaker 3: of those cabinet players and playing it through the speakers
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  Speaker 3: that are on those things is one of the most
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  Speaker 3: richest fulfilling sounds that you're ever going to get out
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  Speaker 3: of out of a out of a record, that just
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  Speaker 3: sounds great.
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  Speaker 5: I think it's because the you know, that cabinet, that space,
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  Speaker 5: the resonance like sort of like a stringed instrument. You
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  Speaker 5: know that that soundhole and the and the.
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  Speaker 3: Was a warm sound. I remember we had one forever
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  Speaker 3: that my grandma had that was in my bedroom growing
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  Speaker 3: up because I lived with my grandmother for a little while,
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  Speaker 3: and that was one of my favorite. I listened to a
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  Speaker 3: lot of radio in that too, like I listened to
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  Speaker 3: tons of radio. Like you know, I had one of
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  Speaker 3: those big sliding things you opened up that you pulled
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  Speaker 3: the cabinet bag and had one of those big slotting
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  Speaker 3: radio dials that you had to pull this big doal
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  Speaker 3: for it.
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  Speaker 4: It was.
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  Speaker 3: It was a fancy one. So it was so nice.
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  Speaker 3: It was like the h it was like counterweighted, the
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  Speaker 3: spinner was counterweighted. It was real smooth, like there was
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  Speaker 3: like a satisfaction of smoothness when you move the things.
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  Speaker 4: It's real heavy and man, things that just aren't made
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  Speaker 4: like that anymore.
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  Speaker 5: No, you know. And I actually read an article about
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  Speaker 5: this as I was trying to figure out how to
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  Speaker 5: do this, and the reason I think is that per
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  Speaker 5: you know, if you talk about inflation, I mean you
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  Speaker 5: can go buy those components. I mean, certainly you can
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  Speaker 5: spend a lot of money, but a lot of them
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  Speaker 5: are not that pricey. When you bought one of those
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  Speaker 5: consoles back in the day, I mean that was you know,
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  Speaker 5: a month's labor to buy one of those things, and
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  Speaker 5: there were less things that were competing in your household
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  Speaker 5: for your entertainment dollar, so you could spend more money
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  Speaker 5: on a quality piece where now just like our TVs
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  Speaker 5: and everything else, they're disposable.
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  Speaker 4: Yeah, yeah, go pick up a TV. And I mean
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  Speaker 4: literally go pick up a TV. You can.
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  Speaker 3: You can go pick up like an eighth TV with
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  Speaker 3: one arm. Now, you know, it used to be like
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  Speaker 3: I remember the first quote unquote HDTV that I got.
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  Speaker 3: It was back in the early two thousands. It was
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  Speaker 3: a tube HDTV. That thing's still weighed about four tons,
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  Speaker 3: like you had to crane but in your house, you know,
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  Speaker 3: And now those things are all lighter and it's amazing,
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  Speaker 3: and that's all kind of we'll go and we'll talk
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  Speaker 3: about the market today. But this all kind of plays
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  Speaker 3: into these things, because you know, I was not really
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  Speaker 3: on I was about to write to get on a
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  Speaker 3: soapbox at some point within the last year or so
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  Speaker 3: about how so many foods have changed, and I was
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  Speaker 3: like going into like this this thing about over stringent
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  Speaker 3: regulatory and some foods like that changing the textures of them.
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  Speaker 3: They're they're not as pleasant to eat anymore. And and
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  Speaker 3: some of this stuff is like the the sinful foods
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  Speaker 3: these days, you know, the highly processed stuff like chips
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  Speaker 3: and different things. Like people are like, well, they're terrible
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  Speaker 3: for you anyway, Like maybe, but they just don't taste
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  Speaker 3: as good as they used to, you know, And maybe
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  Speaker 3: that's a maybe that's a feature of design. But you know,
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  Speaker 3: sometimes if you're paying a premium price for something and
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  Speaker 3: you're getting it, you'd like it to be quality thing,
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  Speaker 3: you know, Right. So I started doing a little research
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  Speaker 3: into this, convinced that it was because of like u
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  Speaker 3: health scares and things like that, and corporations trying to
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  Speaker 3: be like good citizens to keep there from being too
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  Speaker 3: much fat stuff that's actually a very tiny, tiny, tiny
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  Speaker 3: part of the reason that the corporations do it. The
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  Speaker 3: vast majority of the changings of the uh of the
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  Speaker 3: recipes or over the last decades, all has to do
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  Speaker 3: with shipping weight.
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  Speaker 4: Right, and and they so they can ship them cheaper.
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  Speaker 3: The reason your cereal has a different texture now than
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  Speaker 3: it did when you were growing up is not because
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  Speaker 3: of some weird health food thing that takes the sugar.
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  Speaker 3: It's because it's lighter, right, And then they can ship
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  Speaker 3: it for cheaper, so they can charge you the same
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  Speaker 3: for it, but it costs them less to ship the thing.
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  Speaker 3: And so I was ready to go on my soapbox
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  Speaker 3: over this thing. It was like, darn regulations. That's not regulations, man,
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  Speaker 3: it's just companies making.
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  Speaker 5: Money, right right, yeah, yeah, And.
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  Speaker 4: There's nothing wrong. There's nothing wrong with that.
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  Speaker 3: It's just that's how things change, you know, Like people
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  Speaker 3: talk about shrink flation or different things like that. These
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  Speaker 3: are the little things in the economy. If General Mills
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  Speaker 3: is still making still making U cereal, you know, there's
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  Speaker 3: you know, it's still a it's still a robust company.
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  Speaker 3: They found ways to continue and you know, that's just
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  Speaker 3: I thought that was interesting because I really thought it
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  Speaker 3: was a different reason than I was wrong.
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  Speaker 5: Well that's why, like when you look at them inflation numbers,
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  Speaker 5: just like with the with the components, it's not just
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  Speaker 5: you know, the devaluation of the dollar, but it also
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  Speaker 5: has to do with what the consumer demands. You know,
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  Speaker 5: if back then people demanded a higher quality things because
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  Speaker 5: it was a big part of their budget, it was
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  Speaker 5: a big piece of their entertainment dollar. Well, now your
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  Speaker 5: entertainment dollar gets split across you know, five screens, and
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  Speaker 5: you know, the components have to cost less as far
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  Speaker 5: as a percentage of your entertainment dollar because you have
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  Speaker 5: so many different options. And so it's just a you know,
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  Speaker 5: it's it's not always well, you know, prices are up.
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  Speaker 5: You know, I don't like to look at you know,
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  Speaker 5: prices are up. I like to look at how much
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  Speaker 5: labor do you have to put in to buy something?
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  Speaker 5: But that's really what the cost is. That's great point, sure,
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  Speaker 5: And and you know even though that things cost more today,
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  Speaker 5: many things dollar wise costs more, but labor wise cost less. Yes,
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  Speaker 5: not all things, not houses and things like that do not.
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  Speaker 5: But but a lot of things manufactured goods are are
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  Speaker 5: certainly more expensive dollar wise, but cheaper you know, washing
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  Speaker 5: machine or things like that. You know, you could go
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  Speaker 5: buy those with much less labor hours today than you
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  Speaker 5: could thirty forty fifty years ago.
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  Speaker 3: It's an interesting discussion too, because the dual discussion that
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  Speaker 3: you might have there is, for example, like the you
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  Speaker 3: mentioned washers and dryers and things like that, like the
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  Speaker 3: quality of production. You know, remember the old the old
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  Speaker 3: commercial with the repair guy sitting back with his feed
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  Speaker 3: up is like, they're never going to call me. When
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  Speaker 3: was it maytig I guess you're never gonna call me
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  Speaker 3: because these are such quality. That was the selling point
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  Speaker 3: then as you could buy your washer and never have
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  Speaker 3: to buy one again. Well, brother, you can't do that
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  Speaker 3: now or you're not going to be in business. You
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  Speaker 3: gotta there's gonna be a there's gotta be a a
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  Speaker 3: there's going to be a nice crossing point of quality.
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  Speaker 3: And also you're going to have to replace this sometimes
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  Speaker 3: in the next seven to ten years, you know.
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  Speaker 5: And and and you know price points like I say,
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  Speaker 5: you can certainly buy an expensive washer and dryer, but
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  Speaker 5: but you can buy you know, it's it's still a
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  Speaker 5: major purchase, but it's not the type of purchase. It
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  Speaker 5: was to a family forty years, right.
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  Speaker 3: Yeah, and they're made to be and people might complain, well,
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  Speaker 3: hey these things are made to break now, Yeah, but
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  Speaker 3: they're cheaper. They're cheaper to get and they're and they're
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  Speaker 3: cheaper to maintain. So there's a trade off on both
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  Speaker 3: of those things. Yes, they are not made as well
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  Speaker 3: as they used to be, but they're a lot cheaper
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  Speaker 3: to get.
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  Speaker 5: To Mars, it has decided that, right, that's it, right,
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  Speaker 5: you know, if if if people want to them in
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  Speaker 5: the last fifty years and wanted to pay the price
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  Speaker 5: for them, they could be made that way.
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  Speaker 3: Which I think is kind of what we see in
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  Speaker 3: like the car economy. Instead of cars like coming down
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  Speaker 3: in price, we just keep adding stuff to them, right,
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  Speaker 3: you know, it's like we have to justify the price
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  Speaker 3: of how much we're charging for these cars. Although they're
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  Speaker 3: manufacturing costs are and as well, I guess they are now.
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  Speaker 3: But but the rise of the cost of the car
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  Speaker 3: has not taken place of the manufacturing costs like that
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  Speaker 3: that's gone. But so how do we how do we
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  Speaker 3: convince people to get them? Well, now you can get
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  Speaker 3: all these gizmos, and.
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  Speaker 5: Again, cars have more components than they used to have.
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  Speaker 5: You know, if you would strip down a car and
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  Speaker 5: sell it like a you know, nineteen sixty something or
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  Speaker 5: other with those same components on it, it'd be a
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  Speaker 5: lot cheaper. It'd be a lot cheaper today. But you know,
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  Speaker 5: the market has decided it's great insights this morning. I
• 10:20
  Speaker 5: just having kind of a casual conversation to kick things
• 10:21
  Speaker 5: off this morning. If you want to point the direct
• 10:23
  Speaker 5: conversation in any direction you want to, you're welcome to gives
• 10:25
  Speaker 5: a call this morning. It talks to John for debt
• 10:27
  Speaker 5: from Fourth Avenue Financial. You can learn how you can
• 10:29
  Speaker 5: retire right. Maybe you need a little bit of advice
• 10:31
  Speaker 5: or you're looking to reset the whole thing. John can
• 10:33
  Speaker 5: help you out this morning.
• 10:33
  Speaker 3: Three zero four three four five fifty eight fifty eight
• 10:36
  Speaker 3: three four five fifty eight fifty eight. You can text
• 10:37
  Speaker 3: three zero four non three five five zeros or eight.
• 10:39
  Speaker 3: Some people like to keep it a little bit on
• 10:41
  Speaker 3: the anonymous side of things. You can do that at
• 10:43
  Speaker 3: three zero four non three five five zero zero eight.
• 10:45
  Speaker 3: And you can find out more about Fourth Avenue Financial online.
• 10:47
  Speaker 3: It's fourth Avenue Financial dot com. You spell out the
• 10:49
  Speaker 3: whole thing Fourth Avenue Financial dot com and on Facebook.
• 10:52
  Speaker 3: You like the page on Facebook and you can find
• 10:53
  Speaker 3: out all kinds of information.
• 10:55
  Speaker 4: From over there.
• 10:56
  Speaker 3: A little bit of delayed opening and talking about the
• 10:59
  Speaker 3: market sort of as it stands right now. But I
• 11:02
  Speaker 3: heard some pretty good Frankly, I was off the last
• 11:05
  Speaker 3: half of the week last week. A lot of stuff
• 11:06
  Speaker 3: with the fam. I'm kind of out on the news things.
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  Speaker 3: But the last things I was hearing, I think we
• 11:12
  Speaker 3: had some record second days last week, did we did?
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  Speaker 4: Yeah?
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  Speaker 5: Right, Yeah, it just keeps plowing ahead, climbing the wall
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  Speaker 5: of worry, so to speak. The market celebrated it's the
• 11:23
  Speaker 5: bullmarket three year birthday. Oh wow, that's so Yeah. So
• 11:28
  Speaker 5: the market has been in the quote bull phase for
• 11:32
  Speaker 5: three years now, which is about you know, middle range
• 11:39
  Speaker 5: of what bull markets last. So the idea that we're
• 11:43
  Speaker 5: you know, at the end of the line of the
• 11:44
  Speaker 5: bull market, that's not necessarily so the average bull market
• 11:48
  Speaker 5: lasts about five years, so you know, we'll see what,
• 11:52
  Speaker 5: we'll see what happens. And the market is up ninety
• 11:55
  Speaker 5: percent since the bottom since the bull market started, so
• 11:59
  Speaker 5: seems pretty good, right, It's pretty good, But is that
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  Speaker 5: that is actually average for three years into a bull market.
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  Speaker 5: So you know, we have this this idea that you know,
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  Speaker 5: we're always in some kind of an abnormal market, and historically, gosh,
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  Speaker 5: we're falling right in the middle of the spectrum.
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  Speaker 3: Of every slice is normal somewhere right like we've all
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  Speaker 3: been seen somewhere before. That's kind of interesting.
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  Speaker 5: And I mean, certainly, you know bull markets have been shorter,
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  Speaker 5: you know, like if it were to in now. You know,
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  Speaker 5: that's not atypical either, but the average last five years.
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  Speaker 3: The one thing that and we try to drive it home.
• 12:37
  Speaker 3: I think on this program a lot and do a
• 12:39
  Speaker 3: fairly good job at it. There's a lot of people
• 12:41
  Speaker 3: out there economically, in their day to day lives that
• 12:44
  Speaker 3: have a lot of question marks, people that are wondering
• 12:46
  Speaker 3: about things, or concerned about things, whatever.
• 12:47
  Speaker 4: It might be.
• 12:48
  Speaker 3: That's almost a separate question from the things that we
• 12:51
  Speaker 3: talk about here. The fact of the matter is there,
• 12:53
  Speaker 3: the market is doing very well. There's opportunity in the
• 12:56
  Speaker 3: market right now, and if you can't find a way
• 12:58
  Speaker 3: to get to that opportunity, that's why you need somebody
• 13:00
  Speaker 3: like John to help you out there. Because despite whatever
• 13:02
  Speaker 3: the headlines are, whatever the things that are that are
• 13:04
  Speaker 3: being moved around the minutia out there, and there's a
• 13:06
  Speaker 3: lot to try. Don't get me wrong that you can
• 13:08
  Speaker 3: use a professional like John to help steward through this, because,
• 13:11
  Speaker 3: like we said, the market's up. You might be personally
• 13:13
  Speaker 3: struggling a little bit, there might be some issues in
• 13:15
  Speaker 3: your family or something like that. But if you have
• 13:17
  Speaker 3: the opportunity to invest in your retirement, the opportunity is
• 13:20
  Speaker 3: still there for that money to go.
• 13:21
  Speaker 4: To work for you.
• 13:22
  Speaker 5: Yeah, no doubt. And even if you are concerned about
• 13:26
  Speaker 5: the market or the news, or feel like unsure about
• 13:29
  Speaker 5: being the right time, there are lots of tools in
• 13:33
  Speaker 5: the in the toolbox of investments that we could use
• 13:37
  Speaker 5: on your behalf that you know, might not may not
• 13:40
  Speaker 5: be the ideal thing that I would recommend, but could
• 13:45
  Speaker 5: get you closer to where you need to be. In
• 13:48
  Speaker 5: other words, we could find something that you can be
• 13:51
  Speaker 5: comfortable with and start moving you in the direction that
• 13:55
  Speaker 5: long term you need to be to grow your money
• 13:57
  Speaker 5: in retirement.
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  Speaker 3: That makes a lot of sense. This morning, you can
• 13:59
  Speaker 3: weigh in and if you would like to give us
• 14:01
  Speaker 3: a call. Three zer a four three four five fifty
• 14:02
  Speaker 3: eight fifty eight threes are a four three, four, five,
• 14:04
  Speaker 3: fifty eight, fifty eight. You can text threes are a four, nine, three, five,
• 14:06
  Speaker 3: five years or eight. So still with the government shut down,
• 14:10
  Speaker 3: we don't have any official government numbers as far as
• 14:13
  Speaker 3: as employment and inflation numbers and things like that, but
• 14:15
  Speaker 3: there's a lot of places that report those things separately
• 14:18
  Speaker 3: from where the government is. So you have to try
• 14:20
  Speaker 3: to figure out where those were as relation to government
• 14:22
  Speaker 3: numbers in the past, and then take their numbers now
• 14:24
  Speaker 3: and work that calculus and see sort of where things are.
• 14:28
  Speaker 3: It does look like that inflation might.
• 14:30
  Speaker 5: Be a little sticky still in the area that we're in, yes,
• 14:34
  Speaker 5: but you know, certain areas of inflation are finally being
• 14:39
  Speaker 5: tamped down. So we had the you know, housing was
• 14:42
  Speaker 5: real sticky, and that is finally starting to recede. So
• 14:48
  Speaker 5: there again, it's not the prices have come down, it's
• 14:50
  Speaker 5: just that the growth rate of that has slowed. And
• 14:54
  Speaker 5: certainly real estate is a local market, so some areas
• 14:57
  Speaker 5: may go down, you know, that have that have gotten reheated,
• 15:00
  Speaker 5: but that's not the market overall in general. So when
• 15:03
  Speaker 5: you see these headlines there again headlines they want you
• 15:06
  Speaker 5: to click on them, you know, there may be areas
• 15:10
  Speaker 5: of the real estate market that are in a little
• 15:14
  Speaker 5: bit of trouble or over extended than are experiencing downturns,
• 15:18
  Speaker 5: but that's not the case overall.
• 15:20
  Speaker 3: So and then as far as just because the government shutdowns,
• 15:24
  Speaker 3: it doesn't mean that we're not going to get any
• 15:26
  Speaker 3: earning numbers or anything like that that may be coming out.
• 15:28
  Speaker 3: So we have anything on the horizon that we have
• 15:30
  Speaker 3: to look forward to.
• 15:30
  Speaker 5: Well, in the next couple of weeks, sixty percent of
• 15:33
  Speaker 5: the S and P five hundred will report earnings for
• 15:36
  Speaker 5: the third quarter, and most of the big Magnificent seven
• 15:43
  Speaker 5: all of those will be coming out in the next
• 15:45
  Speaker 5: couple of weeks. So that's certainly probably the big market mover,
• 15:50
  Speaker 5: you know, going to try to either confirm that your
• 15:54
  Speaker 5: earnings are still growing or or they have slowed down.
• 15:58
  Speaker 5: The expectation is still for really good earnings growth. I
• 16:03
  Speaker 5: think the Magnificent seven stocks, it's about a fifteen percent
• 16:07
  Speaker 5: rate expected of earnings growth for that group of stocks
• 16:11
  Speaker 5: and closer to nine to ten percent for the rest
• 16:14
  Speaker 5: of the market. Very healthy, I mean, it's very healthy.
• 16:18
  Speaker 5: I mean we probably will in the year unless there's
• 16:21
  Speaker 5: something unexpected in the last quarter. Was somewhere near a
• 16:26
  Speaker 5: double digit earnings growth, and earnings ultimately is what powers
• 16:30
  Speaker 5: the market forward because that's what you're buying when you
• 16:33
  Speaker 5: buy a stock, you're buying a piece of a company's earnings.
• 16:37
  Speaker 3: I find it it's hardening in a way, and I've
• 16:40
  Speaker 3: never been in this situation before through I mean, there
• 16:43
  Speaker 3: was COVID, but that was kind of a unique downturn indicator,
• 16:46
  Speaker 3: and although we might be suffering some of the effects
• 16:49
  Speaker 3: from that still the times that we're in now, I've
• 16:52
  Speaker 3: not been in the place to see the show, to
• 16:54
  Speaker 3: sort of follow the bouncing balls as this thing goes along,
• 16:57
  Speaker 3: and it really is amazing. Everything that we try to
• 16:59
  Speaker 3: talk about on this program is absolutely true as far
• 17:02
  Speaker 3: as the market as an entity exists as itself, and
• 17:07
  Speaker 3: really the headlines, the politics, the things that people try
• 17:11
  Speaker 3: to get normies to engage in, really doesn't affect it
• 17:15
  Speaker 3: all that much. It's really at a much higher level
• 17:18
  Speaker 3: that these things operate, and so much of it as
• 17:21
  Speaker 3: lag because of future operators, people looking at into the
• 17:24
  Speaker 3: future that make these decisions. It's really hard for a
• 17:27
  Speaker 3: layperson enormy to follow that bouncing ball because you're reading
• 17:31
  Speaker 3: the headlines today, thinking, Oh, what's the market going to
• 17:33
  Speaker 3: do today? Man, they did that six weeks ago, you know,
• 17:35
  Speaker 3: I mean, that's already pass a as far as the
• 17:37
  Speaker 3: market goes.
• 17:37
  Speaker 5: I mean you can just see that. A couple of
• 17:39
  Speaker 5: weeks ago there was the trade scare with China and
• 17:42
  Speaker 5: the rarer and the tariff threats and all of that,
• 17:47
  Speaker 5: and the market was down pretty big one day. We've
• 17:51
  Speaker 5: been up ever since. You know, that was just one headline.
• 17:56
  Speaker 3: I'd like to get in whatever signal chat that bitcoin
• 17:58
  Speaker 3: go's in on that that made like five hundred million
• 18:01
  Speaker 3: dollars in the in a matter of a couple hours somehow,
• 18:04
  Speaker 3: knowing like all of that news ahead of time. That guy,
• 18:08
  Speaker 3: whatever single chat he's one, I would like to get in.
• 18:10
  Speaker 5: Maybe maybe he used the uh the X ray glasses
• 18:14
  Speaker 5: that the NBA player did for the gambling guys.
• 18:16
  Speaker 4: Oh yeah, Holy cow is that.
• 18:19
  Speaker 3: We don't talk about that on this program, but man,
• 18:20
  Speaker 3: that NBA story is absolutely insane. Man, it is insane.
• 18:24
  Speaker 3: I've been following Pablo Tory has been breaking a lot
• 18:26
  Speaker 3: of these stories on the NBA and how all of
• 18:29
  Speaker 3: that stuff is going down, and he's got some great
• 18:30
  Speaker 3: sources on these things and man, it is insane.
• 18:33
  Speaker 5: I thought X ray glasses were just from the movies.
• 18:36
  Speaker 3: I guess there's a certain way like certain types of Yeah,
• 18:39
  Speaker 3: I thought they were in the back of the comic
• 18:40
  Speaker 3: books when I was growing up. You know, you can
• 18:42
  Speaker 3: get the X ray glasses and sort of insinuating that
• 18:45
  Speaker 3: maybe you could see through, you know, a lady's close.
• 18:49
  Speaker 3: I mean, that's what the uh, that's what the ad
• 18:51
  Speaker 3: was trying to insinuate.
• 18:52
  Speaker 5: You know.
• 18:52
  Speaker 4: Man, that's craziest the world that we're in. Hey, why
• 18:57
  Speaker 4: don't we do this? What's that? I'm sorry?
• 18:58
  Speaker 3: Oh no, we can go to I was just gonna Hey,
• 19:00
  Speaker 3: let's go down and the other a break. We have
• 19:01
  Speaker 3: plenty of the stuff that we can talk about when
• 19:02
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• 19:05
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  Speaker 3: Coming back with a little Simmy Hendrix this morning. You're
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• 22:02
  Speaker 3: morning three zero four three four five fifty eight fifty eight.
• 22:04
  Speaker 3: Three zero four, three four five fifty eight fifty eight.
• 22:06
  Speaker 3: You can also text three zer of four non three
• 22:08
  Speaker 3: five five zeros or eight. As far as protecting assets
• 22:10
  Speaker 3: to go, Jimmy Hendrix, bring us back here from the break.
• 22:12
  Speaker 3: I guess that Prince worked a lot with his estate
• 22:15
  Speaker 3: in the eighties and nineties to help secure a lot
• 22:18
  Speaker 3: of the because I guess Hendrix had a lot of
• 22:21
  Speaker 3: diffused rights through different labels and different things like that
• 22:24
  Speaker 3: that he had signed one too and was hard for
• 22:25
  Speaker 3: his family his estate to capture all of those rights,
• 22:29
  Speaker 3: and I guess Prince really helped them through that because
• 22:31
  Speaker 3: Prince of course was big into controlling his own music
• 22:33
  Speaker 3: and stuff. And so now the Jimmy Hendrix estate is
• 22:36
  Speaker 3: known as being one of the more For a long
• 22:38
  Speaker 3: time anyway, was known as being one of the more
• 22:40
  Speaker 3: reluctant to give rights for Hendrix's era stuff, and that's
• 22:43
  Speaker 3: all because they have that strength to do so now.
• 22:46
  Speaker 3: For the longest time, they had no power to do that.
• 22:48
  Speaker 3: I always thought that was kind of interesting that Prince
• 22:49
  Speaker 3: was really sort of their financial advisor to some degree
• 22:52
  Speaker 3: to help help the estate get the Jimmy Hendricks catalog
• 22:56
  Speaker 3: back under their previews. So I've always thought that was
• 22:58
  Speaker 3: kind of an interesting thing with Hendrix. The bad thing
• 23:01
  Speaker 3: about that is there's been a ton of unofficial Hendrix
• 23:03
  Speaker 3: like movies and things made where they didn't give.
• 23:06
  Speaker 4: Authorization for music.
• 23:07
  Speaker 3: So you would just see some guy out there like
• 23:08
  Speaker 3: welling Away on a guitar that's not like a Hendrix song,
• 23:11
  Speaker 3: just like where where I remember VH one did a
• 23:15
  Speaker 3: movie like that. It's like without the music, it doesn't
• 23:17
  Speaker 3: really really resonate as much. You're listening to a tire
• 23:22
  Speaker 3: right radio This morning, John our dad is here from
• 23:24
  Speaker 3: Fourth Avenue Financial. You can give us a call three
• 23:26
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• 23:27
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  Speaker 3: five zeros or eight. No reason to struggle out there
• 23:31
  Speaker 3: with the mystery of what's going on in the market
• 23:34
  Speaker 3: and what affects you. You can help John to mystify
• 23:37
  Speaker 3: all of those things that are going on with your
• 23:39
  Speaker 3: financial planning and all of the steps that it takes.
• 23:42
  Speaker 3: We talk about the market a lot on this program
• 23:44
  Speaker 3: because that's what we invest into, but there's a lot
• 23:45
  Speaker 3: more that goes into your financial plan than just evaluating
• 23:48
  Speaker 3: the market. There's a lot of steps that John can
• 23:50
  Speaker 3: lead you to to get you to the right place
• 23:52
  Speaker 3: where you feel comfortable with the retirement plan that you
• 23:55
  Speaker 3: have and there's no barriers to access. It's something that
• 23:59
  Speaker 3: you can give John call right away and get involved
• 24:02
  Speaker 3: with Worth Avnue financially. You can start by giving us
• 24:04
  Speaker 3: a call this morning if you want to three zero four,
• 24:05
  Speaker 3: three four five fifty eight fifty eight, or you can
• 24:07
  Speaker 3: text three zero four nonin three five five zeros or eight.
• 24:10
  Speaker 3: What as far as if folks are in this sort
• 24:14
  Speaker 3: of work, we're in October now, we're kind of climbing
• 24:17
  Speaker 3: towards the end of the year. I know, there's not
• 24:19
  Speaker 3: necessarily Hey, if you're looking into making a change or
• 24:22
  Speaker 3: into taking a look back on your on your retirement plan,
• 24:26
  Speaker 3: it doesn't necessarily have to be at the end of
• 24:28
  Speaker 3: the year. But a lot of people kind of because
• 24:30
  Speaker 3: that's when you get your documents and paperworking different things
• 24:32
  Speaker 3: like that. Not a bad time if you're thinking about
• 24:35
  Speaker 3: expanding doing something different, Maybe stop doing it yourself and
• 24:39
  Speaker 3: actually contacting a financial advisor. Maybe not a bad time
• 24:41
  Speaker 3: to start collecting your paperwork. You're gonna start getting stuff
• 24:43
  Speaker 3: anyway soon.
• 24:45
  Speaker 5: Well, sure, I mean, there's never a bad time to
• 24:47
  Speaker 5: focus on finances. That's that's true. You know, as we
• 24:51
  Speaker 5: get towards the end of the year, there are opportunities
• 24:55
  Speaker 5: that might present themselves. Tax management, tax laws, selling, tax harvesting,
• 25:00
  Speaker 5: things like that that could help you potentially in your
• 25:04
  Speaker 5: situation to mitigate or control your tax bill. We see
• 25:08
  Speaker 5: a lot of that as we get towards the end
• 25:10
  Speaker 5: of the year. Of course, people that have to take
• 25:12
  Speaker 5: the required minimum distributions they're qualified charitable distributions. You know,
• 25:18
  Speaker 5: we need to get those done by the end of
• 25:20
  Speaker 5: the year. So there are certainly things that the calendar dictates,
• 25:23
  Speaker 5: but as far as overall financial planning, the best time
• 25:27
  Speaker 5: to do it is right now. You know, people ask
• 25:30
  Speaker 5: is it a good time to invest? And my question
• 25:33
  Speaker 5: is do you have money to invest? Because when you
• 25:36
  Speaker 5: have money is the best time to invest. That's you know,
• 25:40
  Speaker 5: just the bottom line. You can't predict day to day
• 25:42
  Speaker 5: what's going to happen, but over time you certainly can
• 25:48
  Speaker 5: be pretty doll on confident that the market is going
• 25:51
  Speaker 5: to grow. And I wanted to touch on a question
• 25:55
  Speaker 5: we had, I believe last.
• 25:56
  Speaker 3: Week about goal Well, yeah, I remember we had somebody
• 25:58
  Speaker 3: called in why not you know what I mean?
• 26:00
  Speaker 4: Yeah, it seems like a safe bet, right.
• 26:01
  Speaker 5: Yeah, So and it kind of gets onto what we
• 26:04
  Speaker 5: were just now talking about. Segue is pretty pretty nice
• 26:08
  Speaker 5: and you know, right now gold has been in some
• 26:11
  Speaker 5: sort of a frenzy like it has from time to time,
• 26:14
  Speaker 5: although last week it was down, you know, pretty big,
• 26:18
  Speaker 5: but the commercials are still on TV and it talks
• 26:23
  Speaker 5: about how you know gold is safe and when the
• 26:26
  Speaker 5: market goes up like it has with gold you know,
• 26:29
  Speaker 5: they start touting these numbers of growth. You know, look,
• 26:32
  Speaker 5: you can grow your money. It's a safe way to
• 26:34
  Speaker 5: grow your money. And if you go back and I
• 26:39
  Speaker 5: did the math on this in nineteen seventy five, fifty
• 26:44
  Speaker 5: years ago, if you put ten thousand dollars in gold,
• 26:49
  Speaker 5: you could have bought sixty two ounces of gold. And
• 26:53
  Speaker 5: here fifty years later, what would you have. You'd have
• 26:57
  Speaker 5: sixty two ounces of gold. It's the same pile of
• 27:00
  Speaker 5: metal that you started with. They said, well, what is
• 27:04
  Speaker 5: sixty two ounces of gold worth today? It's about a
• 27:06
  Speaker 5: quarter of a million dollars.
• 27:08
  Speaker 4: Oh okay, good investment.
• 27:09
  Speaker 5: So you look at that and say, oh, my ten
• 27:11
  Speaker 5: thousand turned to a quarter of a million dollars.
• 27:14
  Speaker 4: How smart am I?
• 27:15
  Speaker 5: But if you had taken the same ten thousand dollars,
• 27:20
  Speaker 5: put it in the S and P five hundred and
• 27:23
  Speaker 5: reinvested the dividends and dividends are something that gold does
• 27:26
  Speaker 5: not have. Gold doesn't pay you while you hold it.
• 27:31
  Speaker 5: You know, companies do. Companies have earnings. They produce goods
• 27:34
  Speaker 5: and services and create earning streams that can be reinvested.
• 27:39
  Speaker 5: Companies are doing that themselves and reinvesting in their own companies,
• 27:43
  Speaker 5: trying to trying to develop new products, new goods and
• 27:45
  Speaker 5: services and innovate. And so that same ten thousand dollars
• 27:50
  Speaker 5: fifty years ago in the s and P five hundred
• 27:53
  Speaker 5: with reinvested dividends would be worth three point seven million
• 27:58
  Speaker 5: dollars a day.
• 28:00
  Speaker 4: Yeah.
• 28:01
  Speaker 5: Now one of those was a growth investment and one
• 28:04
  Speaker 5: of those was a more of a store of value.
• 28:08
  Speaker 5: You know, certainly it grew, it helped it kept.
• 28:11
  Speaker 4: Up with Is that alas twelve?
• 28:13
  Speaker 3: I'm not doing that right a factor of twelve, I
• 28:15
  Speaker 3: think right A quarter million said it said, wow, man,
• 28:19
  Speaker 3: there's a big difference.
• 28:20
  Speaker 5: Now you might look at it and say, oh, last
• 28:23
  Speaker 5: year gold did better than the stock market. Well that's true,
• 28:26
  Speaker 5: but you still have the same amount of gold setting
• 28:28
  Speaker 5: in your safe. It's not growing, it's not doing anything.
• 28:33
  Speaker 5: And also those numbers, and I've seen this firsthand a
• 28:36
  Speaker 5: lot of these companies that are advertising trying to sell
• 28:40
  Speaker 5: you the gold ira. It costs money, a considerable amount
• 28:46
  Speaker 5: of money to buy gold, and it costs money to
• 28:49
  Speaker 5: sell gold, and those charts don't take that into account. So,
• 28:54
  Speaker 5: for instance, if if if you had an ounce of
• 28:56
  Speaker 5: gold and wanted to sell it, to me and it's
• 28:58
  Speaker 5: say it's four thousand dollars ounce, You're probably going to
• 29:02
  Speaker 5: get an offer of like thirty eight.
• 29:03
  Speaker 3: Hundred dollars right right, because you can't you can't pay
• 29:06
  Speaker 3: market value for it, because what's the point.
• 29:08
  Speaker 5: Right, And if you're going to buy an ounce of
• 29:10
  Speaker 5: gold and it's four thousand dollars an ounce, you're probably
• 29:13
  Speaker 5: going to pay forty one or forty two hundred dollars
• 29:15
  Speaker 5: for it. So there's a spread there, and that spread
• 29:18
  Speaker 5: is much wider than a stock price spread. You know,
• 29:22
  Speaker 5: when you buy a big company like Amazon or Apple,
• 29:29
  Speaker 5: that spread is in the pennies maybe even fractions of
• 29:33
  Speaker 5: pennies between the bid and the ask. It's very tight
• 29:36
  Speaker 5: and very liquid market. Not so for those metals. So
• 29:40
  Speaker 5: that spread and the bid and ask is much much wider.
• 29:45
  Speaker 5: And you know, so you convert your part of your
• 29:50
  Speaker 5: IRA into gold, like the commercial say, right off the
• 29:53
  Speaker 5: top of the top of it, you might lose five
• 29:56
  Speaker 5: percent or more in the transaction cost of buying the gold.
• 30:00
  Speaker 4: Sounds rough, actually, So it's just.
• 30:03
  Speaker 5: Something that that it is. It pops up every couple
• 30:08
  Speaker 5: of years.
• 30:09
  Speaker 3: I have this theory that kind of ties into it.
• 30:11
  Speaker 3: It always seems to go hand in hand with these
• 30:15
  Speaker 3: sort of prepping services. You know, can't trust the government.
• 30:20
  Speaker 3: Everything's getting ready to go to hell, you know, whatever
• 30:22
  Speaker 3: it like plays on like a certain kind of fear,
• 30:25
  Speaker 3: and I have this this feeling that really it's playing
• 30:30
  Speaker 3: on a fictionalized version.
• 30:33
  Speaker 4: Of a post apocalyptic United States.
• 30:35
  Speaker 3: But there's this assumption that if something happened, like if
• 30:38
  Speaker 3: you know, there was an EMP and suddenly all the electricity,
• 30:40
  Speaker 3: that suddenly gold would be massively valuable. Again, that would
• 30:43
  Speaker 3: be like the Old West that we were carrying around
• 30:46
  Speaker 3: leather satchels with gold pieces in it, and that's how
• 30:48
  Speaker 3: the economy would work. And I wonder what evidence there
• 30:52
  Speaker 3: is for that, because I just don't think that that
• 30:54
  Speaker 3: is how it would work. Information and resources would be
• 30:57
  Speaker 3: the key. And what is your average Joe want to
• 30:59
  Speaker 3: do with gold? You're not going to do anything with it?
• 31:01
  Speaker 5: Well, it's very hard to you know, if if you're
• 31:05
  Speaker 5: going to trade with it, well, now everybody needs a scale, yeah, right.
• 31:09
  Speaker 4: And then what are you going to do? I mean,
• 31:10
  Speaker 4: what's the value of it?
• 31:12
  Speaker 5: It's very very difficult.
• 31:13
  Speaker 3: But so I don't I think that there's this this
• 31:15
  Speaker 3: thought that's like you know that, Hey, you know, if
• 31:17
  Speaker 3: if everything goes to hell, I'm going to carry around
• 31:19
  Speaker 3: my gold and you know, some old caudure is going
• 31:21
  Speaker 3: to bite into him like, oh sure, here's your milk partner.
• 31:23
  Speaker 3: I don't think that's going to be how it happens.
• 31:25
  Speaker 3: If it happens that way, I.
• 31:26
  Speaker 5: Think if we break down that far, yeah, that would
• 31:30
  Speaker 5: not be the ideal way to do it. I'll tell
• 31:32
  Speaker 5: you what, you know. Since COVID, I will admit I've
• 31:35
  Speaker 5: got a few extra packs of toilet paper in the.
• 31:37
  Speaker 4: House as good as at one time.
• 31:41
  Speaker 5: That's about as far as I'm prepping here.
• 31:44
  Speaker 4: I think that we just started buying in balks.
• 31:46
  Speaker 3: We always have a lot of toilet paper because we
• 31:48
  Speaker 3: just just this is the way it is now, because
• 31:50
  Speaker 3: we found a way to do so in bulk. You know,
• 31:51
  Speaker 3: there's all of different avenues that you can approach this
• 31:53
  Speaker 3: discussion when it comes to being a good steward of
• 31:55
  Speaker 3: your financial future, and there's a lot of different reasons
• 31:58
  Speaker 3: you may need to be. You could be you know,
• 32:00
  Speaker 3: you could be a single person out there that doesn't
• 32:02
  Speaker 3: have a massive family to worry about. That also means
• 32:05
  Speaker 3: you might not have massive family to help you when
• 32:06
  Speaker 3: you get to that retirement. That means you need to
• 32:08
  Speaker 3: be even more independent. You need help getting into retirement.
• 32:10
  Speaker 3: Prince isn't always going to show up, that's right. They're
• 32:12
  Speaker 3: always going to help you do those things. If you
• 32:15
  Speaker 3: maybe you do have a big expansive family. That's another
• 32:17
  Speaker 3: reason you need to make sure you have all these
• 32:19
  Speaker 3: things put into order. Make sure you have your state
• 32:22
  Speaker 3: planning in order as well. I mean, there's all of
• 32:23
  Speaker 3: these things work in concert with each other. They're all
• 32:27
  Speaker 3: part of a living organism when it comes to your
• 32:30
  Speaker 3: financial future about living with your retirement, on how to
• 32:34
  Speaker 3: retire right, all these things one feeds into the other,
• 32:36
  Speaker 3: and you can't just take one vein of it and
• 32:38
  Speaker 3: hope that it works out. So you really have to
• 32:40
  Speaker 3: be aware of all of these different aspects as you
• 32:42
  Speaker 3: approach any as any point in your life, but always
• 32:45
  Speaker 3: looking forward to at some point in time if things
• 32:47
  Speaker 3: go well, you're gonna have to retire and you're gonna
• 32:49
  Speaker 3: have to figure out a way to.
• 32:50
  Speaker 4: Make it work.
• 32:50
  Speaker 5: Absolutely, you have to do that for yourself. That's an
• 32:54
  Speaker 5: individual decisions that gets you to where you need to be.
• 32:58
  Speaker 5: All of these things that we hear every day on
• 33:02
  Speaker 5: the news. It's it's truly noise. It's noise. You control
• 33:06
  Speaker 5: the outcome by your actions, and you know that I
• 33:11
  Speaker 5: believe is certainly a valuable service that I can offer.
• 33:18
  Speaker 5: That is, Okay, let's sit down and focus on you.
• 33:21
  Speaker 5: Let's not worry about the president. Let's not worry about
• 33:24
  Speaker 5: Let's talk about you and what's important to you. What
• 33:28
  Speaker 5: do you want to achieve, and then we'll build a
• 33:31
  Speaker 5: plan around that. Because the things you're worried about today
• 33:35
  Speaker 5: by reading the news are going to be either the
• 33:38
  Speaker 5: same thing tomorrow or something new. There will never be
• 33:42
  Speaker 5: a day you turn on the TV or open up
• 33:45
  Speaker 5: the newspaper and it's empty. There will always be something.
• 33:51
  Speaker 5: And most of the things you're going to read about
• 33:53
  Speaker 5: because it's human natured and want to know what could happen?
• 33:57
  Speaker 5: What's the monster outside the cave? You know it's going
• 34:02
  Speaker 5: to be negative. That's just human nature. You know, people
• 34:06
  Speaker 5: worry about protecting themselves. That's how we survived as a species.
• 34:11
  Speaker 5: But that's not the best instinct to invest in. You know,
• 34:17
  Speaker 5: you have to have faith in a better tomorrow, which
• 34:20
  Speaker 5: historically is what has happened. You know, innovation, you know
• 34:25
  Speaker 5: the things that we can do today that didn't even
• 34:29
  Speaker 5: exist fifty years ago when gold was was you know,
• 34:33
  Speaker 5: at that price. I mean, look, that's why the market
• 34:35
  Speaker 5: grew so much. It's growth, it's expansion, it's the goods
• 34:41
  Speaker 5: and service. We all have more goods and services than
• 34:43
  Speaker 5: we ever had. It's just because we can produce so
• 34:47
  Speaker 5: much more efficiently. And that's what the market does, and
• 34:52
  Speaker 5: that's what you're investing in. And you know the only
• 34:56
  Speaker 5: reason that would stop is if we all as a
• 34:58
  Speaker 5: society just say Okay, we're done, We're done solving problems,
• 35:04
  Speaker 5: We're done trying to do better. I just don't think
• 35:08
  Speaker 5: that's going to happen.
• 35:09
  Speaker 3: And when you look back at all the different eras,
• 35:11
  Speaker 3: and you don't even have to look at it from
• 35:13
  Speaker 3: pure financial sense, but when you look at I mean
• 35:16
  Speaker 3: from the time that of the Right Brothers in Kitty Hawk,
• 35:19
  Speaker 3: North Carolina to when we went on to the Moon,
• 35:21
  Speaker 3: I mean you were talking like just over sixty years,
• 35:23
  Speaker 3: you know, I mean the amount of industry that was
• 35:26
  Speaker 3: created in that time, the amount of money that was made.
• 35:30
  Speaker 3: And I don't mean that from a capitalist I mean sure,
• 35:33
  Speaker 3: from a capitalist standpoint, but that was a product of
• 35:36
  Speaker 3: a country growing and people doing the things to make
• 35:39
  Speaker 3: a country grow and bringing everybody along with it. Now,
• 35:42
  Speaker 3: the what we've seen since that time has been so
• 35:45
  Speaker 3: much more on sciences that not only have to do
• 35:48
  Speaker 3: a space and then medicine and different things like that.
• 35:50
  Speaker 3: I mean, again, it's it's the country growing and doing things.
• 35:53
  Speaker 3: It's been amazing when you look at the just like
• 35:55
  Speaker 3: this one hundred years. Yeah, it's a one hundred year history.
• 35:59
  Speaker 3: It's incredible the amount of industry that we've put together.
• 36:02
  Speaker 5: I mean, you can read the articles that are doomed
• 36:04
  Speaker 5: about our food and the quality of this and obesity
• 36:07
  Speaker 5: and all that. You know, that's fun. But you know,
• 36:10
  Speaker 5: people are living longer, you know, all along the way.
• 36:14
  Speaker 5: You know, we've added thirty percent to our lives, you know,
• 36:18
  Speaker 5: in the last fifty years, sixty years. I mean, that's
• 36:21
  Speaker 5: that's incredible. That's incredible, and that's what you're investing in.
• 36:25
  Speaker 3: I think it's hugely optimistic when you look at it
• 36:28
  Speaker 3: from a large scale and even just from the course
• 36:33
  Speaker 3: of the different periods of your lifetime, your early life,
• 36:37
  Speaker 3: in late life. I mean I get to observe these
• 36:38
  Speaker 3: things even as a fifty one year old, and I mean,
• 36:42
  Speaker 3: it seems to always work out, you know. I mean
• 36:44
  Speaker 3: there should be great confidence, and it really is an
• 36:47
  Speaker 3: inspiring story. When you think about things from a broad
• 36:49
  Speaker 3: stand ways, you think about something like the space race.
• 36:51
  Speaker 3: Are we now in space three point zero? I mean,
• 36:53
  Speaker 3: I think we kind of went past two point oh already.
• 36:55
  Speaker 3: My good buddy Rod Powell wrote a bunch of books
• 36:57
  Speaker 3: on space two point oh. I think we're in three
• 36:59
  Speaker 3: point oh already. There's industry there that's going to be
• 37:01
  Speaker 3: created that's like this combination of rockets and AI you know.
• 37:04
  Speaker 3: I mean it's a really pretty exciting time for things.
• 37:08
  Speaker 5: Yeah, and things will continue to change. I mean, you know,
• 37:11
  Speaker 5: five ten years from now, will people be driving cars?
• 37:14
  Speaker 5: Will there will there be drivers.
• 37:16
  Speaker 3: Let's not go get on the Jetson's cars again, man,
• 37:18
  Speaker 3: that's already.
• 37:19
  Speaker 5: They're gonna fly, but they may drive themselves. You know that.
• 37:23
  Speaker 5: You can already see that happening. And if you think
• 37:27
  Speaker 5: about that, the impact economically of that could be tremendous.
• 37:33
  Speaker 5: You know. It's it's just I don't know, I don't
• 37:35
  Speaker 5: know if that will come true or not. But the
• 37:38
  Speaker 5: opportunity is always there for things that happen and change
• 37:43
  Speaker 5: the way we live.
• 37:44
  Speaker 3: I think is greatly optimistic. And I'm also optimistic since
• 37:47
  Speaker 3: I think Jim Carrey is coming out in a Jetson's
• 37:49
  Speaker 3: movie in a couple of years. Maybe that maybe that's
• 37:50
  Speaker 3: a foreshadowing to actually our flying cars. Those flying cars. Yeah,
• 37:54
  Speaker 3: I don't think so. I don't think i'd want one, either,
• 37:56
  Speaker 3: John or dat. For fourth Avenue Financial, let me get
• 37:58
  Speaker 3: the information out to you want one more time for
• 38:00
  Speaker 3: Avenue Financial dot Com. You spell out the whole thing
• 38:02
  Speaker 3: or like it on Facebook. Fourth Avenue Financial dot Com
• 38:04
  Speaker 3: located at one seventy Court Street, downtown Charleston, right across
• 38:07
  Speaker 3: from the Town Center Mall seven four six seven non
• 38:09
  Speaker 3: seven seven three zero four seven four six seven non
• 38:12
  Speaker 3: seven seven three zero four seven four six seven non
• 38:14
  Speaker 3: seven seven John, see you back here next week. All right,
• 38:17
  Speaker 3: take care, Thanks a bunch. I appreciate that. Dave Allan
• 38:19
  Speaker 3: is coming up next on five eighty Live. I'll be
• 38:21
  Speaker 3: back this afternoon at three o'clock with Dave weekly on hotline.
• 38:24
  Speaker 3: Have a great day everyone on five ADW CHS The Voice.
• 38:27
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• 38:31
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