Latest / WCHS Network Podcasts / 03/10/2025 Retire Right Radio with John Burdette

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03/10/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

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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,
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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
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Speaker 2: fifty oh eight. On retire Right Radio, Let's go live
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Speaker 2: to the studio with host Dale Cooper and John Verdett
1:00
Speaker 2: on Fourth Avenue Financial, Nation.
1:01
Speaker 3: And Very fur A Good morning too.
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Speaker 4: You're listening to retire Right Radio one The Voice with
1:05
Speaker 4: Charleston five eighty w c HS.
1:07
Speaker 3: I'm Del Cooper. Happy Monday morning to you.
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Speaker 4: It is a pretty nice Monday morning out there, and
1:12
Speaker 4: it's a pretty nice start of the week to you.
1:14
Speaker 4: If you like temperatures somewhere in the sixties and eventually
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Speaker 4: in the seventies and some sunshine, this might be the
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Speaker 4: beginning of the week for you. I welcome into Well
1:23
Speaker 4: the studio via electronic device communicating over hundreds of miles.
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Speaker 4: Oh I love technology. John Bredett from Fourth Avenue Financial
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Speaker 4: is on the phone with us this morning. John, Good morning.
1:33
Speaker 4: How you doing this morning.
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Speaker 5: I'm doing great. It sounds like I should have should
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Speaker 5: have stayed back there. It's it's kind of raining here now.
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Speaker 4: Oh oh, well, for once we get we get a
1:43
Speaker 4: leg up on the weather up here. It's it's a
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Speaker 4: gorgeous It's going to be a gorgeous day to day.
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Speaker 4: And I think it's sunny and warm through Wednesday and
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Speaker 4: maybe a little bit of cloud cover on Thursday, but
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Speaker 4: it's still pretty warm. So yeah, I'll take it. I'll
1:54
Speaker 4: tell you what. That's not so bad.
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Speaker 5: Yeah, there you go, there you go. You never know.
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Speaker 3: John Bredett for Fourth.
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Speaker 5: I've been the first time i've been down here since,
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Speaker 5: uh since the hurricane.
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Speaker 3: So oh is that right?
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Speaker 5: Yeah, yeah, my wife came down once. Uh but uh
2:10
Speaker 5: but I didn't, I didn't come with her. And uh yeah,
2:14
Speaker 5: so the uh there's still quite a bit of uh
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Speaker 5: of damage. If you're a landscaper, you need to come
2:21
Speaker 5: down here because uh there's still all the landscaping around
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Speaker 5: the island. Is you know, it's just been stripped bare.
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Speaker 3: That's that's crazy when you see that stuff.
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Speaker 5: Yeah, no doubt, no doubt.
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Speaker 4: That's John Bredett from Fourth Avenue Financial. More information online
2:39
Speaker 4: Fourth Avenue Financial dot com. You spell out the whole
2:41
Speaker 4: thing Fourth Avenue Financially. You can also check it out
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Speaker 4: on Facebook. John has at least once a month meetings
2:46
Speaker 4: or so dollars to donuts over Avengage and Bidnes of
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Speaker 4: South Charleston, which is kind of an informal meeting of
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Speaker 4: folks discussing things that can help you retire, uh, tackling
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Speaker 4: things in the in the retirement zeitgeist. I guess if
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Speaker 4: there's such a thing when it comes to financial planning
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Speaker 4: and so forth. John Bredad is with his every Monday
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Speaker 4: morning at this time on retire Right Radio. We talk
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Speaker 4: about some of the best practices that you can do
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Speaker 4: to arm yourself on how you can retire right. And
3:07
Speaker 4: the thing is, with the changing landscapes, the tools that
3:09
Speaker 4: you need to use out of that toolbox they change
3:12
Speaker 4: up a little bit. There might be some rusted tools
3:14
Speaker 4: on the bottom of the box that you need to
3:15
Speaker 4: pry out and oil up a little bit and get going.
3:18
Speaker 4: And there's other ones that are well worn that you've
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Speaker 4: been using pretty regularly over the last few years that
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Speaker 4: maybe you need to set up on the shelf for
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Speaker 4: a little while. Those are the types of things that
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Speaker 4: we're going to talk about this morning on how you
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Speaker 4: can most make yourself solvent for your future and to retirement.
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Speaker 4: John Berdett with Fourth Avenue Financial Fourth Avenue Financial dot
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Speaker 4: com located here in downtown Charleston. We always start off
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Speaker 4: the show talking about the previous week leading up to
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Speaker 4: in market fluxes and things like that, and frankly, if
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Speaker 4: you've been listening to this show for the last several
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Speaker 4: weeks anyway, it was kind of more the same, a
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Speaker 4: lot of a lot of things and a bit of flux.
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Speaker 5: Yeah, a lot of red numbers. So we were down
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Speaker 5: pretty pretty pretty good across the board. Last week, with
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Speaker 5: the exception of European stocks, it's almost like everything that
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Speaker 5: happened last year has has turned on its head. So
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Speaker 5: you have the tech stocks have done the worst. They're
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Speaker 5: down five point in the Natsax down five point eight
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Speaker 5: percent year today, the SMP is down one point nine
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Speaker 5: year today. The Dow is actually up point six so
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Speaker 5: you're more industrials, financials things like that are are up
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Speaker 5: a little bit this year. And then the International, which
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Speaker 5: has lagged for years, year to date is up ten
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Speaker 5: point nine percent. So it is amazing how well the
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Speaker 5: international has performed relatively to the US, you know this year. Now,
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Speaker 5: well that continue, I don't know, but right now it
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Speaker 5: certainly has has the wind in the sails, so to speak.
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Speaker 4: There's a lot of things that you know, if you're
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Speaker 4: if you or even just a casual you know, we
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Speaker 4: sometimes talk on this show about how, you know, you
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Speaker 4: shouldn't get too much into the headlines and things like that,
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Speaker 4: But the fact of the matter is, if you're just
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Speaker 4: a casual observer of the news, a casual consumer of
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Speaker 4: the news, you can't help but to let some of
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Speaker 4: that stuff kind of penetrate through. And if you follow
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Speaker 4: any of these types of news at all. You know
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Speaker 4: about some of the volatility that's in the market. Job growth,
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Speaker 4: I think has was a little less than what was expected.
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Speaker 4: Some of the growth indicators for GDP are coming in
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Speaker 4: relatively negative. I mean, you can't help but to hear
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Speaker 4: the some of this stuff.
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Speaker 5: Yeah, I mean, certainly, corporate earnings are still growing, but
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Speaker 5: the expectations of growth as we get through the year
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Speaker 5: keep coming down. So it's still, you know, a positive year,
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Speaker 5: but not quite as positive. It doesn't look like it's
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Speaker 5: going to be as positive as one was hoping at
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Speaker 5: the beginning of the year, so that's been an adjustment
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Speaker 5: that's being made. You know, the economy, though, is slowing
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Speaker 5: down from a pretty firm place, so you know, that
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Speaker 5: doesn't necessarily mean there's a recession coming this year, but
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Speaker 5: certainly the expectations have been lowered, and you know, sometimes
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Speaker 5: that's what sets up the next rise in the market,
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Speaker 5: the fact that the bar is set lower, and if
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Speaker 5: you leap over that bar eventually, then that creates the
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Speaker 5: next rally. And that's why you have to look at
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Speaker 5: these things with a long term view. The market right now,
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Speaker 5: like you say, it's it's down a few percent for
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Speaker 5: the year. Overall, that's not you know, a disaster. The
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Speaker 5: market has a what's called a correction, a ten percent
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Speaker 5: fall from it from its high at least once a
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Speaker 5: year on average, sometimes more than that, but on average
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Speaker 5: at least once a year. We have a pullback like
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Speaker 5: that in just about any given year, and so it's
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Speaker 5: not a new usual. It's just really a part of
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Speaker 5: a part of the market, and history shows that anytime
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Speaker 5: we've had those. If you are patient, if you use
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Speaker 5: that to your advantage. You know, if you're on the
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Speaker 5: sidelines and have missed out on the rally we've had
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Speaker 5: in the last couple of years, and we get a pullback,
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Speaker 5: that could be a good time for you to get
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Speaker 5: started and get into the market, get off the sidelines
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Speaker 5: because over time, as companies develop their earning streams and
7:32
Speaker 5: grow their businesses, you know you're going to grow along
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Speaker 5: with that if you're a part owner of that company.
7:37
Speaker 5: So put that money to work and these can be
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Speaker 5: great opportunities when we get these pullbacks.
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Speaker 4: It's great information. With John Burdett from Fourth Avenue Financial,
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Speaker 4: if you have any questions for this morning for us
7:47
Speaker 4: this morning, you're welcome to call in three zero four,
7:49
Speaker 4: three four two eight one three one. You can also
7:51
Speaker 4: send over a text message if you'd like three zero
7:52
Speaker 4: four non three five five zero zero eight threes are
7:55
Speaker 4: four nine three five five zero zero eight. Any question
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Speaker 4: you have about your retirement future, how you can retire right.
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Speaker 4: It's not a question of the moment in time that
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Speaker 4: you're at now. It's where the moment and time is
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Speaker 4: going to be when you retire, and there's a big
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Speaker 4: complicated road to get there, and John can help you
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Speaker 4: navigate that that path to get to retirement right. If
8:12
Speaker 4: you want to give us a call this morning, three
8:13
Speaker 4: zero four, three four two eight one three to one,
8:15
Speaker 4: or you can text three zero four non three five
8:17
Speaker 4: five zero zero eight one. Other question that I had,
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Speaker 4: just as far as folks that that are just interested
8:24
Speaker 4: on what some of the things that they hear. One
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Speaker 4: of the other things that I was reading about a
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Speaker 4: little bit over this past weekend when it comes to
8:30
Speaker 4: just globally as far as the economy goes, is I
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Speaker 4: guess that China is really struggling right now. They may
8:35
Speaker 4: be entering into a deflationary period. Not that that you
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Speaker 4: know here on our shores that we're sad about China necessarily,
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Speaker 4: but that does affect the global economy to some degree.
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Speaker 4: Are when a country turns into that direction, is that
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Speaker 4: something you need to be aware of when it comes
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Speaker 4: to when you are stalking or diversification and different things
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Speaker 4: along those lines.
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Speaker 5: Well, it can be. I mean, you know, essentially that
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Speaker 5: scenario played out with Japan in the late eighties. You know,
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Speaker 5: they grew, grew, grew, and they overinvested in into production
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Speaker 5: and ended up getting into that that spiral where where
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Speaker 5: they were deflating. You know, their capacity was was greater
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Speaker 5: than the demand. And so that's that's basically what happens.
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Speaker 5: And then once that takes hold, it really slows the
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Speaker 5: entire economy down because you know, most of the economy
9:38
Speaker 5: well you know, you think of a bank. When a
9:41
Speaker 5: bank loans money out on a home, there's a reasonable
9:44
Speaker 5: expectation that because of inflation, that loan is going to
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Speaker 5: be easier to pay back over time because of the dollar,
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Speaker 5: you know, deflating, And if the opposite is happening, then
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Speaker 5: those assets are are are not as valuable and it
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Speaker 5: makes the lending more shaky, which tightens them tightens up
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Speaker 5: the the flow of capital and the loan creation, and
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Speaker 5: and that's why when those when people talk of a
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Speaker 5: deflationary period, those can be much more damaging to an
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Speaker 5: economy than than inflation, which we've experienced recently. So it's
10:28
Speaker 5: something to watch for. And and certainly China is a
10:31
Speaker 5: big player now in the in the global economy. But
10:34
Speaker 5: but as far as UH it goes, you know, for
10:37
Speaker 5: for us in the United States, you know, it could
10:42
Speaker 5: mean cheaper goods for US if if if you know,
10:45
Speaker 5: they have over capacity like they do, and and you
10:50
Speaker 5: know it, you know, actually could benefit in in the
10:54
Speaker 5: in the form of lower prices for US.
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Speaker 4: Potentially interesting stuff is always a GENM debt from fourth
11:00
Speaker 4: I HAVINGU and financial you could get on the conversation
11:02
Speaker 4: three zero four nine three five five zero zero eight
11:04
Speaker 4: if you want a text in question or three zero
11:06
Speaker 4: four three four two eight one to three one. I
11:08
Speaker 4: was among all this news, and I was trying to
11:10
Speaker 4: apply that to things that we've talked about here in
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Speaker 4: the past, and how maybe that has changed the calculations
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Speaker 4: and some people's brains over the last you know, four years,
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Speaker 4: eight years.
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Speaker 3: So on and so forth.
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Speaker 4: And one of the things that we've talked about before is,
11:23
Speaker 4: for example, people first come to you, You do a
11:26
Speaker 4: risk assessment for them, trying to figure out what their
11:28
Speaker 4: their tolerance level is for risk. Somebody with the tolerance
11:32
Speaker 4: level of risk under a certain construction of market might
11:35
Speaker 4: actually find that they have a different tolerance level under
11:38
Speaker 4: this current construction of the market. So it may not
11:40
Speaker 4: be a bad idea to talk to your advisor or
11:42
Speaker 4: to find one if you don't have one, and maybe
11:44
Speaker 4: determine what your real comfort with risk level is, because
11:46
Speaker 4: you might need to do some reallocation just based off that.
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Speaker 5: Well, have no doubt about it, and a lot of
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Speaker 5: people when times are good in certain areas, for instance,
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Speaker 5: the tech stocks, like they've been for so long a
12:00
Speaker 5: herd mentality, so everybody herds into that one type of
12:03
Speaker 5: asset class, in this case of growth stocks technology stocks,
12:09
Speaker 5: so everybody's piled in and they're no longer diversified properly.
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Speaker 5: And then you get a year like we've had now,
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Speaker 5: or at least the last several months, where all of
12:19
Speaker 5: that's been turned upside down. Now you have the tech
12:22
Speaker 5: stocks are by far and away the least performing asset class,
12:28
Speaker 5: and then you have those industrials and so called boring
12:32
Speaker 5: stocks are are outperforming and international, which we're left for dead,
12:39
Speaker 5: are are running away with things. So if you didn't
12:43
Speaker 5: keep your diversification, you know, eventually, eventually the pendulum swings.
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Speaker 2: You know.
12:52
Speaker 5: The trick is, if you knew when the pendulum was
12:54
Speaker 5: going to swing, you could try to time the market.
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Speaker 5: But nobody has a crystal ball. Nobody knows when the
13:01
Speaker 5: pendulum exactly is going to swing. And so rather than
13:05
Speaker 5: risk blowing up your portfolio by trying to guess that,
13:09
Speaker 5: what you need to do is stay broadly diversified and
13:13
Speaker 5: keep keep all of those allocations between those asset classes,
13:17
Speaker 5: between those you know, international and domestic large cap, small gap,
13:23
Speaker 5: keep all of those within balance to your risk tolerance
13:27
Speaker 5: throughout it all. Yes, you may be giving up some
13:30
Speaker 5: upside potential when you do that, but you're certainly taking
13:33
Speaker 5: away a lot of the downside as well, And as
13:37
Speaker 5: you get closer to retirement, that's much more important than
13:40
Speaker 5: your return. You know, you cannot draw money out of
13:43
Speaker 5: an account consistently if the account is swinging widely and
13:49
Speaker 5: is volatile it is. It is not a recipe that's
13:52
Speaker 5: gonna gonna have the outcome that you want.
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Speaker 4: It's John Adet with fourth Avenue financial and it might
14:00
Speaker 4: just be a good idea in those cases, you know.
14:02
Speaker 4: And we've talked about this before psychology with the investor,
14:05
Speaker 4: just like with the consumer in general, it changes from
14:08
Speaker 4: time to time. And if this is something where you
14:09
Speaker 4: find yourself, maybe you do find yourself peeking at the
14:12
Speaker 4: headlines a little too much or getting a little too anxious.
14:14
Speaker 4: I mean, I've literally heard people talking about and more
14:17
Speaker 4: than just an off, off the cuff comment, you know,
14:20
Speaker 4: usually around the change of administrations or whenever there's news
14:23
Speaker 4: or something like that, people are like, oh, well, what's
14:24
Speaker 4: your four oh one k? And it's meant, you know,
14:26
Speaker 4: somewhat jokingly, but not jokingly, you know, not completely serious.
14:29
Speaker 4: That's been completely inverted now, you know, people are are
14:32
Speaker 4: like deadly serious. And when they're when they're like, man,
14:34
Speaker 4: I'm not so sure about my four one K or whatever,
14:36
Speaker 4: and and and even people that are close to me,
14:39
Speaker 4: I'm the financial advisor, but I'd be like, man, you
14:41
Speaker 4: can't be looking week over week at this point. You
14:45
Speaker 4: got to basically shut shut off, put on blinders and
14:47
Speaker 4: then check back in like at the end of the
14:49
Speaker 4: year or something. You can't do this week by week
14:50
Speaker 4: you're going to drive yourself nuts.
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Speaker 5: Yeah, you know. You know, like say, the market moves
14:56
Speaker 5: every day, something happens every day. There's news every day
15:01
Speaker 5: you turn on the TV and there are four or
15:05
Speaker 5: five news channels twenty four hours a day reporting on something.
15:09
Speaker 5: And there's just no way you can silver all of
15:13
Speaker 5: that and try to change your portfolio based on that
15:18
Speaker 5: from day to day. It's just not a it's just
15:21
Speaker 5: not a recipe for success. You have to think long term.
15:25
Speaker 5: You have to stay in balance, and you have to
15:28
Speaker 5: understand that owning companies to produce profitably produce the goods
15:33
Speaker 5: and services over time will benefit you. And that's going
15:39
Speaker 5: to happen no matter what's in that news story, because
15:42
Speaker 5: people are going to continue to consume and live their
15:45
Speaker 5: lives and use those goods and services and no matter
15:51
Speaker 5: what happens in the news, you know, so you have
15:55
Speaker 5: to think long term about that. You have to not
15:58
Speaker 5: be emotional about that.
16:00
Speaker 2: You know.
16:00
Speaker 5: In the last couple of weeks, I have people calling
16:04
Speaker 5: in panics and think that you know, it's all over
16:10
Speaker 5: because of the tariffs or whatever is happening. And then
16:15
Speaker 5: I've also had people come in and say, well, it's
16:17
Speaker 5: time to get into the market. You know, the sun
16:19
Speaker 5: is shining because my guy won the election, and really
16:24
Speaker 5: neither of those calls are the right type of way
16:31
Speaker 5: to think. You know, you can't be extreme one way
16:34
Speaker 5: or the other. You have to prudently allocate your investments
16:38
Speaker 5: to what your goals are. You know, if you are
16:42
Speaker 5: in your retirement, you need to dial back the risk.
16:45
Speaker 5: You need to stay more balanced. You need to have
16:49
Speaker 5: fixed incomeing stocks so that you can eventually turn that
16:53
Speaker 5: income stream on. It's dependable. You know, if you're thirty
16:56
Speaker 5: years old, you think about that differently. You have the
16:59
Speaker 5: time to take the volatility to get the larger return,
17:03
Speaker 5: to be more aggressive, and that will work for that
17:08
Speaker 5: younger person in a way that it won't for a
17:10
Speaker 5: retire So you just have to know what your station
17:16
Speaker 5: in life is, what your individual goals are, and then
17:18
Speaker 5: invest around that and then allow the news to happen,
17:22
Speaker 5: because it's going to happen regardless.
17:25
Speaker 4: Great information with John Bredet for Fourth Avenue Financial. I'll
17:27
Speaker 4: tell you what we have a question via text. We'll
17:29
Speaker 4: do that when we get back. We'll go ahead and
17:31
Speaker 4: take our break right now. When we come back, we'll
17:33
Speaker 4: still have plenty more with John Bredet for Fourth Avenue Financial.
17:35
Speaker 4: Have some questions coming in. If you want to get
17:37
Speaker 4: on the text line, you can do that at three
17:38
Speaker 4: zero four non three five five zero zero eighth three
17:41
Speaker 4: zero four non three five five zero zero eight. John
17:43
Speaker 4: Bredet with Fourth Avenue Financial Online. It's Fourth Avenue Financial
17:46
Speaker 4: dot Com. Fourth Avenue Financial dot Com. John, you hold
17:49
Speaker 4: on for just one second, We'll take a break and
17:50
Speaker 4: be right back. Sounds good, sounds good. I appreciate that.
17:53
Speaker 4: That's John Bredet for with Fourth Avenue Financial. I'm Del Cooper.
17:55
Speaker 4: You're listening to retire Right Radio one five eight WCHS,
17:58
Speaker 4: the Voice of Charleston. Right Radio was sponsored by Fourth
18:01
Speaker 4: Avenue Financial, which is solely responsible for its content. Security
18:04
Speaker 4: is offered through JW CALL Financial member Fenricipic. Investment advice
18:07
Speaker 4: offered through JW CO Advisors, Fourth Avenue Financial.
18:10
Speaker 6: Jw CLL Financial and JW CO Advisors are unaffiliated entities.
18:13
Speaker 6: The opinions expressed by John Bredett should not be construed
18:16
Speaker 6: as specific investment, legal, or tax advice. All economic and
18:19
Speaker 6: performance information is historical and not indicative of future results.
18:23
Speaker 6: Investing may involve risk of loss of principle any tax
18:26
Speaker 6: advice on this show is not intended to be used
18:28
Speaker 6: by any person for the purpose of avoiding US federal
18:30
Speaker 6: or state tax penalties that may be imposed on such
18:33
Speaker 6: a person, and each listener should seek advice from their
18:35
Speaker 6: tax advisor or legal console on topics that arise from
18:39
Speaker 6: the show. John Bredett is not providing legal or tax advice.
18:42
Speaker 6: Nothing should be construed as solicitation of an offer to
18:44
Speaker 6: buy securities. This program is sponsored by Fourth Avenue Financial,
18:47
Speaker 6: which is solely responsible for its content.
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Speaker 7: Union is a community focused, member first, not for profit
18:58
Speaker 7: and democratically controlled cooperative. Our accounts are insured up to
19:01
Speaker 7: two hundred and fifty thousand dollars by the NCUA, and
19:04
Speaker 7: all our profits are returned to members in the form
19:06
Speaker 7: of dividends. We offer a full suite of financial products
19:09
Speaker 7: to serve your needs, and our field of membership covers
19:11
Speaker 7: twenty counties across the state of West Virginia. Make the
19:14
Speaker 7: switch to MCWV today and learn more at members Choice
19:17
Speaker 7: WV dot com. Restrictions may apply.
19:19
Speaker 8: Retirement is more than a dream it's a destination, yet
19:22
Speaker 8: the journey can feel uncertain. At Fourth Avenue Financial, they
19:25
Speaker 8: guide you with expertise and care. They help you navigate
19:28
Speaker 8: the questions. Am I on the right track? Or how
19:30
Speaker 8: do I ensure lasting income? Tailoring plans to your unique vision.
19:33
Speaker 8: They bring peace of mind to your retirement journey. Trust
19:36
Speaker 8: in their experience proven through every market's EBB and flow.
19:39
Speaker 8: Fourth Avenue Financial Retirement done right. Get started at Fourth
19:42
Speaker 8: Avenue Financial dot Com.
19:44
Speaker 3: Securities offered through Genapu Call Financial Incorporated.
19:46
Speaker 2: Member find recipct advisory services offer through Jenibuqua Advisors Incorporated.
19:50
Speaker 2: This is Retire Right Radio with John Burdett from Fourth
19:54
Speaker 2: Avenue Financial, taking your calls at three oh four three
19:58
Speaker 2: four five fifty eight fifty eight. More texts on three
20:01
Speaker 2: oh four nine five fifty eight.
20:11
Speaker 4: Even find out more information about Fourth Avenue Financial online.
20:13
Speaker 4: It's worth Avenue Financial dot com. That's Fourth Avenue Financial
20:17
Speaker 4: dot com. You can find more information over there for
20:20
Speaker 4: John Burdett at Fourth Avenue Financial. John is our guest
20:22
Speaker 4: this morning, coming to us from a remote location, but
20:24
Speaker 4: that's okay. We can still hear him. Just spends advice
20:28
Speaker 4: on how you can retire right. Into retirement. You can
20:31
Speaker 4: give us a call this morning three zer or four three
20:32
Speaker 4: four two eight one three one. You can also text
20:34
Speaker 4: over a question. We've got a couple of those this morning.
20:36
Speaker 4: Uh So we have a text question for John this morning,
20:39
Speaker 4: and uh it has to do with I don't even
20:41
Speaker 4: know what these things are semi transparent e f T S. John,
20:44
Speaker 4: could you explain more about semi transparent EFT says the
20:48
Speaker 4: three zero four three nine zero.
20:51
Speaker 5: Okay, sure. So an exchange trade is fund. Is it
20:56
Speaker 5: basically trades like a stock, but it's a portfolio similar
21:02
Speaker 5: to a mutual fund, you could say. So some are passive.
21:07
Speaker 5: So some ETFs are index based, you know, think of
21:11
Speaker 5: the S and P five hundred indeck. So it invests
21:15
Speaker 5: and tries to mimic the return of the S and
21:17
Speaker 5: P five hundred for instance. That's a passive investment. In
21:23
Speaker 5: other words, the manager's not picking and choosing, they're just
21:26
Speaker 5: following and owning what the index owns. Then there are
21:30
Speaker 5: active managers that are out there trying to you know,
21:37
Speaker 5: pick their spot in the market, buying and selling that
21:40
Speaker 5: sort of thing, and and those ets both of those
21:44
Speaker 5: type of ETFs generally are publishing their holdings daily, so
21:51
Speaker 5: you know what that ETF owns on a daily basis.
21:55
Speaker 5: The semi transparent, there are regulations that require certain discloses,
22:00
Speaker 5: but they largely keep their portfolios portions of it hidden,
22:05
Speaker 5: and those are generally for active managers that are not
22:11
Speaker 5: wanting to allow people to know exactly what their strategies
22:15
Speaker 5: are or their secret sauce, so to speak. You know,
22:20
Speaker 5: there is there a difference other than that. I mean,
22:23
Speaker 5: most people when they buy an ETF don't dig in
22:25
Speaker 5: daily and look at what it owns anyway. They just
22:27
Speaker 5: look at the number at the end of the day.
22:31
Speaker 5: You know a lot of these things. To me, it
22:34
Speaker 5: seems more like a a marketing avenue more so than
22:41
Speaker 5: anything else. You know, them trying to well, I've got
22:44
Speaker 5: the secret sauce, and it's hidden from the public. You know.
22:51
Speaker 5: I can't say whether that's good or bad, or whether
22:53
Speaker 5: they're good or bad or anything like that. It's just
22:58
Speaker 5: you know what what they are. But I wouldn't I
23:02
Speaker 5: wouldn't invest or not invest just based on whether it's
23:05
Speaker 5: a semi transparent or a traditional ETF. I'd want to
23:09
Speaker 5: make sure that you know, there again, it's matching my
23:14
Speaker 5: investment style and goals that I have for myself and
23:17
Speaker 5: and and still using the traditional metrics to decide whether it's
23:22
Speaker 5: a good investment for you.
23:24
Speaker 4: That's good stuff. And so that's you learn something all
23:26
Speaker 4: the time. I knew what EFTs were, I wasn't really
23:29
Speaker 4: sure what the uh the the uh the additional specificity was.
23:33
Speaker 4: So that's uh, that's always good to learn those types
23:35
Speaker 4: of things. If you have additional questions, you can call
23:37
Speaker 4: our text as well. Three zero four nine three five
23:39
Speaker 4: five zero zero eight three zero four nine three five
23:41
Speaker 4: five zero zero eight, or you can call in three
23:43
Speaker 4: zero four, three four two eight one three one from
23:46
Speaker 4: the seven one eight to two four.
23:48
Speaker 5: Oh.
23:48
Speaker 3: Now, as a recent graduate.
23:50
Speaker 4: Who anticipated student debt cancel lation, I started investing right
23:55
Speaker 4: after I graduated. Now, with that debt remaining and it's
23:58
Speaker 4: not going to get canceled, I'm unsure how to proceed.
24:00
Speaker 4: Should I take my retirement savings to pay off my
24:03
Speaker 4: student loan debt or do both simultaneously.
24:07
Speaker 5: Well, there are quite a few variables to really answering
24:10
Speaker 5: that question. That may be something you want to, you know,
24:13
Speaker 5: call in and talk over certainly be willing to do that,
24:18
Speaker 5: you know, generally speaking, and a lot of it depends
24:21
Speaker 5: on a person's individual discipline and a person's and the
24:25
Speaker 5: interest rate that you may have on on that debt.
24:30
Speaker 5: You know, if it's relatively low interest, maybe it makes
24:33
Speaker 5: sense to do both strategies. If it's high interest, you know,
24:37
Speaker 5: certainly focusing on paying that down would would be beneficial.
24:45
Speaker 2: You know.
24:45
Speaker 5: The the one of the things I would think about
24:48
Speaker 5: there is if you have it for oh one k,
24:49
Speaker 5: is there a match, you know, if there's a match,
24:52
Speaker 5: say a three percent match or a five percent match,
24:55
Speaker 5: you know, maybe it makes sense to take advantage of
24:59
Speaker 5: the match, and then anything you're saving above beyond that
25:03
Speaker 5: put it towards the debt, particularly if it's higher interest debt.
25:06
Speaker 5: That way, you're taking advantage of the free retirement money
25:09
Speaker 5: and you're still trying to knock down that down that debt.
25:14
Speaker 5: But like I say, that's not really advice at this point.
25:17
Speaker 5: That's just how I would be thinking about it, and
25:21
Speaker 5: your situation might be slightly different. And if you want
25:24
Speaker 5: to call into the office, I'd be happy to talk
25:28
Speaker 5: to you about it.
25:29
Speaker 3: That's great information.
25:30
Speaker 4: With the John BREDBT from Fourth Avenue Financial, some of
25:32
Speaker 4: these things get a little bit tricky, and we want
25:34
Speaker 4: folks to give us a give us a call or
25:37
Speaker 4: to text us here on the program. But sometimes you know,
25:39
Speaker 4: you have to take care of those things. They're a
25:42
Speaker 4: little bit more nuanced than that. You need to be
25:43
Speaker 4: able to be able to check them out a little bit.
25:45
Speaker 4: And you can check out John's office if if you
25:47
Speaker 4: want to do that. John BREDBT at fourth Avenue. Financial
25:49
Speaker 4: is located here in downtown Charleston at one seventy Court
25:52
Speaker 4: Street is the address that's right across from the Town
25:54
Speaker 4: Center Mall. Their phone numbers three'es are A four seven,
25:56
Speaker 4: four six seven nine seven seven. Threes are A four
25:58
Speaker 4: seven four six seven nine seven seven. So if you
26:01
Speaker 4: have any interest at all uh in talking to John
26:04
Speaker 4: or following up with these questions, you're more than welcome
26:06
Speaker 4: to get a hold of John over there. I got
26:07
Speaker 4: one more text question so we can we can hopefully
26:11
Speaker 4: move into this one. Let's see, my son is thirty
26:14
Speaker 4: five years old and has a chronic medical condition. He's
26:18
Speaker 4: done a good job with retirement so far, but I'm
26:20
Speaker 4: worried about where health care is going to go in
26:23
Speaker 4: the future. He's self employed and has trouble as it
26:27
Speaker 4: is so, I guess that's somebody looking for sort of
26:31
Speaker 4: like how do you fund your health care? I'm not sure,
26:33
Speaker 4: really sure what the question might be.
26:37
Speaker 5: Yeah, I mean that that could be tricky. Certainly, healthcare
26:42
Speaker 5: can can can be very expensive depending on what your
26:47
Speaker 5: coverages are. You know, certainly having a good health plan
26:51
Speaker 5: makes makes a lot of sense. I know from from
26:55
Speaker 5: from some experience. Certain medications can be very expensive and
27:00
Speaker 5: and some of them may or may not be covered
27:02
Speaker 5: by certain medical plans. So certainly, you know, understanding those
27:07
Speaker 5: things make a lot of sense. I mean, there's potentially,
27:12
Speaker 5: you know, health savings accounts, things like that that a
27:14
Speaker 5: person may be able to do, may be eligible for. However,
27:19
Speaker 5: I'm not sure that that would just based on the question,
27:23
Speaker 5: it sounds like there may be some financial strain already.
27:26
Speaker 5: I don't know if there's an ability to save beyond
27:29
Speaker 5: for those type of expenses or not. You know, without
27:35
Speaker 5: knowing that the real particulars, it's hard to say, but
27:39
Speaker 5: there are a few things you want to think about.
27:42
Speaker 5: And you know, healthcare is a big unknown even for
27:46
Speaker 5: retiree you know, particularly those that retire early before before
27:53
Speaker 5: Medicare kicks in. You know, how do you bridge that gap.
27:57
Speaker 5: So there are a lot of questions there even without
28:01
Speaker 5: you know, taking into it to account the issue of
28:04
Speaker 5: the chronic illness. So it's a big it's a big issue.
28:09
Speaker 5: It's something that does keep people in the workforce, maybe
28:11
Speaker 5: longer than financially they could do otherwise. And but you know,
28:19
Speaker 5: without without the funds to to actively save for that,
28:24
Speaker 5: which which in this question it sounds like might be
28:26
Speaker 5: a struggle that you know that could be an issue.
28:30
Speaker 5: And you don't know government aid and funding and programs,
28:37
Speaker 5: you know, not just in this current political environment, but
28:40
Speaker 5: but any political environment. Those things are subject to to
28:45
Speaker 5: change over time. I mean, these programs, many of these
28:48
Speaker 5: health programs have been under some strain for for decades,
28:52
Speaker 5: and you know, eventually some of those things may have
28:55
Speaker 5: to be addressed, and you don't really know where those
28:58
Speaker 5: are going to fall. So, you know, as much as
29:01
Speaker 5: you can save on your own, you know, prepare, you
29:05
Speaker 5: certainly do that, but but you know you have to
29:10
Speaker 5: have the wherewithal to be able to get that saving
29:12
Speaker 5: some place.
29:14
Speaker 4: So this person, I got your text message listener, and
29:16
Speaker 4: so they followed up, and again I'm not exactly sure
29:19
Speaker 4: what this means. Maybe this isn't something I know about,
29:22
Speaker 4: so maybe you can help me out. Do you know
29:23
Speaker 4: what an able account is?
29:25
Speaker 3: A b l E?
29:28
Speaker 5: Because this is a stumpy advisor day.
29:31
Speaker 3: Yeah, it's related. I think it.
29:33
Speaker 4: It's like a it's like a it's like a h
29:36
Speaker 4: S A I think, but it's for disabled for disabled individuals.
29:40
Speaker 5: Yeah, tax advantage, uh, savings account. I mean, certainly, you know,
29:46
Speaker 5: anything that you can do is great. But but like
29:51
Speaker 5: you say, the way the question first started, it seemed
29:54
Speaker 5: like there was some financial strain just to do the
29:56
Speaker 5: the the the retirement I think.
29:59
Speaker 4: I I think you need to have your son called
30:02
Speaker 4: John is going to be your best solution for this
30:04
Speaker 4: because this is probably pretty complicated.
30:06
Speaker 5: Yeah, that's that's probably the best thing. You know, we
30:10
Speaker 5: could walk through it and just see where the situation lies.
30:13
Speaker 5: And you know, like I say, there are certain things
30:17
Speaker 5: that you can do, but you have to have the
30:19
Speaker 5: wherewe's all to do it.
30:20
Speaker 4: I guess I can see where the concern can come
30:24
Speaker 4: from if you're somebody that's kind of struggling with that already,
30:27
Speaker 4: if you have medical conditions and you're also self employed
30:31
Speaker 4: but gainfully so, so I mean you're making pardon me,
30:34
Speaker 4: you're making the ball roll down the hill. But at
30:36
Speaker 4: the same time, there's a lot of uncertainty out there,
30:39
Speaker 4: especially around those types of programs, so I can understand
30:41
Speaker 4: maybe how you're a little extra nervous or something like that.
30:45
Speaker 5: Yeah. Yeah, And you know the thing with the able account,
30:48
Speaker 5: I mean it allows you to have a pool of
30:51
Speaker 5: money that doesn't affect eligibility and the other government programs,
30:57
Speaker 5: so that you know, that may be something to look at.
31:00
Speaker 5: But like you say, I don't know enough about the
31:02
Speaker 5: situation to know if if if that is the case here,
31:10
Speaker 5: you know, Medicaid, things like that. You know, I think
31:14
Speaker 5: the able account would work with that and not exclude
31:16
Speaker 5: a person, but I don't know if that's the case
31:20
Speaker 5: here because this person is gainfully employed.
31:22
Speaker 3: So anyway, that makes it interesting something.
31:28
Speaker 4: Yeah, this is why you need a financial advisor, and
31:30
Speaker 4: this is you can get more direct advice on something
31:33
Speaker 4: like this. You can give John a call at his
31:34
Speaker 4: office his numbers three zero four seven four six seven
31:36
Speaker 4: one seven seven three zero four seven four six seven
31:39
Speaker 4: one seven seven for any questions you have that might
31:40
Speaker 4: be a little bit more complicated than we can tackle
31:43
Speaker 4: on air or frankly, if it's something that you would
31:46
Speaker 4: rather not discuss on air even either though, we encourage
31:48
Speaker 4: you that you can use an a list or not
31:50
Speaker 4: even give your name. This last person didn't even give
31:53
Speaker 4: their name, so you're welcome to address that any way
31:55
Speaker 4: that you would like to, to make sure to maintain
31:57
Speaker 4: your anonymity if if that's what you're up to, again,
32:00
Speaker 4: let me make sure you have the information for John.
32:01
Speaker 4: It's fourth Avenue Financial located here in downtown Charles. And
32:04
Speaker 4: again that number three or four seven four six seven
32:06
Speaker 4: on seven seven.
32:08
Speaker 5: Yes, And in the train of thought here of talking tentatively,
32:16
Speaker 5: it looks like the twenty ninth is going to be
32:18
Speaker 5: the dollars of donuts at the Vintage and Vines, just
32:23
Speaker 5: to pass that along. Don't have the Facebook event set
32:26
Speaker 5: up yet, but follow the page and when I get
32:28
Speaker 5: that posted you'll you'll know about that. But it looks
32:32
Speaker 5: like the twenty ninth, and we usually do that from
32:34
Speaker 5: ten to eleven am.
32:37
Speaker 4: Nice, So that's going to be at Vintage and Vines
32:40
Speaker 4: over in South Charleston. And again it's kind of just
32:43
Speaker 4: an informal meeting of folks that want to get together
32:45
Speaker 4: and talk about stuff. That's going on with retirement, any
32:49
Speaker 4: questions that you might have. It's crowdsourcing these things and
32:51
Speaker 4: just kind of having an informal discussion.
32:53
Speaker 3: That's a great thing.
32:55
Speaker 5: Yeah, yeah, it's fun. We eat some donuts too, and
32:58
Speaker 5: you can never go.
32:59
Speaker 3: Wrong when you do that.
33:01
Speaker 4: Yeah, that's we'll always treat You're right. You could get
33:04
Speaker 4: in with a final question if you would like. You
33:06
Speaker 4: can text threes erre four now three five five zeros
33:08
Speaker 4: ero eight three zero four now three five thive zero
33:10
Speaker 4: zero eighth, or maybe a quick phone call three zero
33:12
Speaker 4: four three four two eight one three one uh.
33:15
Speaker 3: Looking uh to next week.
33:16
Speaker 4: Of course we'll have another retire Right Radio next Monday
33:19
Speaker 4: morning at eight twenty.
33:20
Speaker 3: Anything that we should have our pulse on.
33:22
Speaker 4: As part we tell people not to look at the headlines,
33:24
Speaker 4: which is true, but things do come in that matter, things,
33:26
Speaker 4: earnings reports, different things like that. Any big indicators or
33:30
Speaker 4: news that are coming out this week.
33:32
Speaker 5: This week we'll have a reading a CPI, so we'll
33:34
Speaker 5: see how inflation is coming in, which which will tell
33:39
Speaker 5: us a little bit about how many rate cuts we
33:41
Speaker 5: may or may not get this year. You know, we
33:43
Speaker 5: were looking at you know a few months ago it's like, oh,
33:47
Speaker 5: we're going to get five, six, seven rate cuts this year,
33:49
Speaker 5: and then it went to we might not get any
33:53
Speaker 5: rate cuts this year, and now we're back to the
33:55
Speaker 5: market thinking that we're going to get one or two. So,
34:00
Speaker 5: you know, nobody really knows. And as you can tell,
34:03
Speaker 5: it moves from report to report that comes out, the
34:06
Speaker 5: expectations move. That's why it's so hard to predict these things.
34:10
Speaker 5: You know, the market in general, has the bond market,
34:13
Speaker 5: has been predicting these rate cuts and they've been wrong
34:16
Speaker 5: all along, and they're basing that off of these news
34:20
Speaker 5: stories that come out. And you know, if the market
34:25
Speaker 5: in general, the trillions of dollars that are invested in
34:28
Speaker 5: the market, are getting it wrong from report to report,
34:32
Speaker 5: how's one individual going to outguess that they're not. And
34:36
Speaker 5: so the best thing to do is focus on your
34:39
Speaker 5: situation and what's right for you and.
34:41
Speaker 4: Stick with it and quit trying to predict anything. It's
34:44
Speaker 4: very difficult to do that. I was I watched day
34:47
Speaker 4: I think it was a Ted talk or something years
34:49
Speaker 4: and years ago, and it was going over different people
34:51
Speaker 4: and predicting and how predictions work, and was using even
34:54
Speaker 4: famous examples like Nostra damas or whatever it is. It
34:57
Speaker 4: seems like all these people that were great at predicting
34:59
Speaker 4: things were only great at predicting them after the fact.
35:01
Speaker 4: You go back and read their stuff, like, oh, look
35:03
Speaker 4: what they said about this. Isn't that curious that we
35:05
Speaker 4: find them after the event has arrived?
35:08
Speaker 3: Right? Right? Right?
35:10
Speaker 5: Yeah, no doubt about it. And you know that's the
35:13
Speaker 5: thing about the market too, when you say this person
35:15
Speaker 5: predicted this, well, they probably predicted things all along and
35:19
Speaker 5: got one of them right.
35:20
Speaker 3: Yes, that's the classics.
35:23
Speaker 5: Your buddy that goes to the track and wins eight
35:25
Speaker 5: hundred dollars but forgets to tell you about the fifteen
35:27
Speaker 5: hundred loss to win the eight hundred exactly.
35:31
Speaker 4: I came out of there with eight eight stocks of cash. Man,
35:33
Speaker 4: it was awesome. You lost the lotch That's right, it's
35:39
Speaker 4: a You always need to make sure that you're staying
35:40
Speaker 4: shrewed and keeping up with that information. That's what we
35:42
Speaker 4: try to do on a retire Right Radio with John
35:44
Speaker 4: Dandel Fourth Avenue of Financial every Monday morning at eight twenty.
35:46
Speaker 4: You can also catch the podcast. We'll usually have it
35:48
Speaker 4: up within an hour or so after the show's over.
35:50
Speaker 4: You can catch that at WHS network dot com, slash
35:53
Speaker 4: either Expert, or you could do slash retire right and
35:57
Speaker 4: get directly to retire Right Radio. So you can listen
35:59
Speaker 4: to any of these episodes. And I've gone back and
36:02
Speaker 4: listened to some of the older ones. They hold Water, Man,
36:04
Speaker 4: They Hold Water. We've done it pretty good. You've done
36:06
Speaker 4: a pretty good job of keeping things cool, tracking it
36:09
Speaker 4: down and h and giving folks solid advice and not
36:13
Speaker 4: going too far one way or the other. When I
36:14
Speaker 4: go back and listen to these programs and holds up
36:16
Speaker 4: so people can find some use in those as well.
36:20
Speaker 5: Well, Yeah, good good thing. Hopefully you know, hold me
36:23
Speaker 5: to it that way.
36:26
Speaker 4: Not a bad idea from John Burdett at Fourth Avenue Financial.
36:29
Speaker 4: So once again let me get the information out there.
36:31
Speaker 4: John will be back with us next week. Are you
36:32
Speaker 4: gonna be in the studio next week?
36:33
Speaker 5: John, Actually I'm not. You know. Next week I am
36:38
Speaker 5: taking the University of Charleston students to a home office visit,
36:42
Speaker 5: so we'll talk a little bit about that remotely, and
36:45
Speaker 5: and then I'm heading to Boston for a business meeting
36:50
Speaker 5: with vendor So so you know, still on the road
36:54
Speaker 5: a little bit, but before long I'll be back in
36:57
Speaker 5: the office of at it.
36:58
Speaker 3: That sounds great.
36:59
Speaker 4: So that's John Bretette before having a financial catching every
37:01
Speaker 4: Monday morning right here at eight twenty on five adwchshen
37:03
Speaker 4: retire right Radio and you can catch him in his
37:05
Speaker 4: office one seventy Court Street, Downtown Charles and across from
37:08
Speaker 4: the Town Center Mall three zero four seven four six
37:10
Speaker 4: seven nine seven seven three zero four seven four six
37:12
Speaker 4: seven nine seven seven. You can find Fourth Avenue Financial
37:15
Speaker 4: dot com. You spell out the whole thing, or do
37:17
Speaker 4: that like or do that search on Facebook. Like the
37:18
Speaker 4: page so you can be notified of the next dollars
37:21
Speaker 4: to donuts and so forth. John, thank you so much
37:22
Speaker 4: for your time. We appreciate it, all right, thank you,
37:25
Speaker 4: take care, Thanks a lot. That's John Burdett with Fourth
37:27
Speaker 4: Avenue Financial that's going to do it for us this morning.
37:29
Speaker 4: Coming up next Dave Allan five eighty Live, followed by
37:32
Speaker 4: TJ and Dave Wilson on talk Line. I'll be back
37:34
Speaker 4: this afternoon at three oh six for Hotline with Dave Weekly.
37:37
Speaker 4: Have a great day everyone on five eighty WCHS.
37:39
Speaker 3: The Voice of Charleston.
37:44
Speaker 5: Cul the trillions of dollars that are invested in the
37:47
Speaker 5: market are are getting it wrong from report to report.
37:51
Speaker 5: How's one individual going to out guess that they're not?
37:55
Speaker 5: And so best thing to do is focus on your
37:58
Speaker 5: situation and what's right for you, stick with it, and.
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Speaker 3: Quit trying to predict anything. It's very difficult to do that.
38:05
Speaker 4: I was I watched ay I think it was a
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Speaker 4: Ted talk or something years and years ago, and it
38:09
Speaker 4: was going over different people and predicting and how predictions work,
38:12
Speaker 4: and it was using even famous examples like Nostra damas
38:15
Speaker 4: or whatever it is. It seems like all these people
38:17
Speaker 4: that were great at predicting things were only great at
38:19
Speaker 4: predicting them after the fact. You go back and read
38:21
Speaker 4: their stuff, like, oh, look what they said about this.
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Speaker 4: Isn't that curious that we find them after the event
38:26
Speaker 4: has arrived?
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Speaker 3: Right right? Right?
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Speaker 5: Yeah, no doubt about it. And you know that's the
38:32
Speaker 5: thing about the market too, when you say this person
38:34
Speaker 5: predicted this, well, they probably predicted things all along and
38:38
Speaker 5: got one of them right.
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Speaker 3: Yes, that's the classic strategy.
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Speaker 5: Your buddy that goes to the track and wins eight
38:44
Speaker 5: hundred dollars but forgets to tell you about the fifteen
38:46
Speaker 5: hundred lost to win the eight hundred exactly.
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Speaker 3: I came out of there with eight eight stocks of cash.
38:52
Speaker 5: Man.
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Speaker 3: It was awesome. You lost the.
38:54
Speaker 5: Litch, that's right.
38:57
Speaker 4: It's a you always need to make sure that you're
38:59
Speaker 4: staying shrewd and keeping up with that information. That's what
39:01
Speaker 4: we try to do on a retire right Radio with
39:02
Speaker 4: John We're Dad on fourth Avenue of Financial every Monday
39:04
Speaker 4: morning at eight twenty. You can also catch the podcast.
39:07
Speaker 4: We usually have it up within an hour or so
39:08
Speaker 4: after the show's over. You can catch that at WHS
39:10
Speaker 4: network dot com, slash either Expert, or you could do
39:14
Speaker 4: slash retire right and get directly to retire Right Radio.
39:18
Speaker 4: So you can listen to any of these episodes. And
39:20
Speaker 4: I've gone back and listened to some of the older ones.
39:22
Speaker 4: They Hold Water Man, They Hold Water. We've done it
39:24
Speaker 4: pretty good. You've done a pretty good job of keeping
39:27
Speaker 4: things cool, tracking it down and giving folks solid advice
39:32
Speaker 4: and not going too far one way or the other.
39:33
Speaker 4: When I go back and listen to these programs, it
39:35
Speaker 4: holds up so people can find some use in those
39:37
Speaker 4: as well.
39:39
Speaker 5: Well. Yeah, good good thing. Hopefully you know, hold me
39:42
Speaker 5: to it. That way.
39:45
Speaker 4: Not a bad idea from John Bredett at Fourth Avenue Financial,
39:48
Speaker 4: So once again let me get the information out there.
39:50
Speaker 3: John will be back with us next week. Are you
39:51
Speaker 3: gonna be in studio next week? John?
39:53
Speaker 5: Actually I'm not.
39:54
Speaker 3: You know.
39:55
Speaker 5: Next week I am taking the University of Charleston students
40:00
Speaker 5: to a home office visit, so we'll talk a little
40:02
Speaker 5: bit about that remotely, and then I'm heading to Boston
40:06
Speaker 5: for a business meeting with vendor so so you know,
40:12
Speaker 5: still on the road a little bit, but before long
40:15
Speaker 5: I'll be back in the office for at it.
40:17
Speaker 3: That sounds great.
40:18
Speaker 4: So that's John Bredette with Fourth Avenue Financial, catching every
40:20
Speaker 4: Monday morning right here at eight twenty on five ad
40:22
Speaker 4: WCHS when retire right radio, and you can catch him
40:24
Speaker 4: in his office one seventy Court Street, Downtown Charles and
40:26
Speaker 4: across from the Town Center Mall three zero four seven
40:28
Speaker 4: four six seven nine seven seven three zero four seven
40:31
Speaker 4: four six seven done seven seven. You can find Fourth
40:33
Speaker 4: Avenue Financial dot com. You spell out the whole thing,
40:35
Speaker 4: or do that like or do that search on Facebook.
40:37
Speaker 4: Like the page so you can be notified up the
40:39
Speaker 4: next dollars to donuts and so forth. John, thank you
40:41
Speaker 4: so much for your time. We appreciate it, all right,
40:44
Speaker 4: thank you, take care, Thanks a lot. That's John Bredette
40:46
Speaker 4: with Fourth Avenue Financial. That's going to do it for
40:48
Speaker 4: us this morning. Coming up next Dave Allan five eighty Live,
40:50
Speaker 4: followed by TJ and Dave Wilson on talk Line. I'll
40:52
Speaker 4: be back this afternoon at three oh six for Hotline
40:55
Speaker 4: with a weekly Have a great day everyone On five
40:57
Speaker 4: eighty WCHS, the Voice of Charleston