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Speaker 1: Tonight some hidden risks of letting the tax tail wag

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Speaker 1: the doult In speak.

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Speaker 2: When it comes to making investment decisions.

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Speaker 1: You're listening to Simply Money pres by all Worth Financial.

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Speaker 1: I'm Bob sponseller along with Brian James.

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Speaker 2: Well.

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Speaker 1: Taxes are top of mind for almost everyone right now.

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Speaker 1: The IRS just announced that filing season opens on January

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Speaker 1: twenty six. Brian, I know we got a lot of

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Speaker 1: clients that can't wait to get that turbo tax thing filed.

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Speaker 1: They're already collecting and monitoring their spreadsheets as we speak.

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Speaker 1: So January twenty six is the big day. And on

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Speaker 1: top of the normal tax filing and everything we do

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Speaker 1: every year, Americans are facing a slightly changed tax code

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Speaker 1: shaped by the one big beautiful bill that was passed

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Speaker 1: in twenty twenty five, and some folks are saying this

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Speaker 1: could possibly mean noticeably higher tax refunds for many. But

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Speaker 1: this moment also raises a bigger question, and that's what

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Speaker 1: we want to get into tonight. Our tax is dominating

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Speaker 1: the way we all make investment decisions, Brian, and I

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Speaker 1: think for a lot of us the answer is yes.

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Speaker 2: Oh absolutely it is.

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Speaker 3: And I think it's because taxes can be the boogeyman

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Speaker 3: Bob because people don't really know exactly the mechanics of

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Speaker 3: how they work and how they're different. Accounts are affected

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Speaker 3: by it, and it's always something we've been raised to

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Speaker 3: believe you should try to avoid at any and all costs,

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Speaker 3: and that really causes people to literally do nothing for

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Speaker 3: years and years and years because of the absolute terror

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Speaker 3: they have over what the irs might do if they

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Speaker 3: simply sell this one piece of something that they've had

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Speaker 3: for a long time. You and I actually had a

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Speaker 3: meeting yesterday with somebody where we were super terrified of

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Speaker 3: this one annuity that they have but has a bunch

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Speaker 3: of game built up into it. But as we explained it,

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Speaker 3: it's really no different to pull money out of that

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Speaker 3: thing than it was out of.

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Speaker 2: Their pre tax ira that used to be there. Four

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Speaker 2: to one. Okay, it's no different.

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Speaker 3: But they've been absolutely terrified to touch it simply because

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Speaker 3: they didn't understand. All they knew is that taxes were

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Speaker 3: hanging over their head. Of course, that happens. Everybody's got

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Speaker 3: that nobody's going to get away with, and there's no

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Speaker 3: to fill out a form or a piece of paper

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Speaker 3: or your tax are throw the right way where the

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Speaker 3: irs will say, oh, nope, you're getting off scott free.

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Speaker 3: You don't know any taxes. That's not how it works.

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Speaker 2: But a lot of people simply don't know that kind

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Speaker 2: of Well.

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Speaker 1: The good thing about that meeting you and I had yesterday,

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Speaker 1: and I sat there and watched you explain this thoroughly

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Speaker 1: to this lady who had actually she and her husband

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Speaker 1: and walked in the door. She had some very specific

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Speaker 1: things she wanted to talk about in terms of, you know,

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Speaker 1: remodeling their home, gifting to.

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Speaker 2: Kids, all that.

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Speaker 1: And as I watched you just explain how this really works,

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Speaker 1: and more importantly aligned it aligned the whole discussion along

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Speaker 1: the lines of their actual financial goals, not just worried

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Speaker 1: about their tax return.

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Speaker 2: I could see the temperature come down in the room.

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Speaker 1: She was a much more relaxed and walked out very

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Speaker 1: comfortable with the strategy. Uh. And it's not like you're

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Speaker 1: gonna We're gonna blow out of this asset and really

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Speaker 1: blow up their tax return. But you know, I think

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Speaker 1: the point you were making, and it was a great one,

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Speaker 1: is hey, it's okay to use some of this money.

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Speaker 2: Yeah, your own dollars yes, I googled it. You're allowed.

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Speaker 1: Another thing, you know, Brian, that that I know you

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Speaker 1: and I both run across a lot of times is

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Speaker 1: people have assets, individual stocks in particular that they've owned

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Speaker 1: maybe for ten, twenty fifteen years, and they have huge gains,

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Speaker 1: especially some of these big cap tech stocks. And I

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Speaker 1: think a lot of people just love to look at

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Speaker 1: that spreadsheet and see that, you know, three hundred and

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Speaker 1: fifty six percent gain, and just in their heart and

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Speaker 1: mind they say, yep, that's one of my winners.

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Speaker 2: No way, and you know what, we're going.

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Speaker 1: To touch that because I want to stare at that

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Speaker 1: three hundred and fifty six percent return.

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Speaker 3: And when you that sounds like a very specific example, well.

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Speaker 2: I'm throwing out an a.

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Speaker 1: But when you pull up a stock chart and take

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Speaker 1: a look at how that particular stock that, yeah, I

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Speaker 1: am thinking of a specifical answer, how.

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Speaker 2: Its performed over the last one or two years. The

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Speaker 2: stock's actually down. It's not performed well.

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Speaker 1: It has underperformed the market, which as we all know,

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Speaker 1: has been going game bus. Yet you know, this client

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Speaker 1: had no idea that was going on, nor did they care,

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Speaker 1: because they're just fixated on that twenty year return there,

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Speaker 1: and I'm going to guess.

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Speaker 3: They're probably hung up on the well, A, it's done

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Speaker 3: so well, I shouldn't ever give it up. And B

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Speaker 3: I don't really know what the taxes are going to be.

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Speaker 3: I just know there's going to be a lot of them.

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Speaker 3: So and a lot of people get in. And those

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Speaker 3: are the exact words I got back. This one's done well.

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Speaker 3: I'm never giving it up. Yeah, those are the exact words.

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Speaker 3: And my response when that comes up with my clients, Bob,

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Speaker 3: is Okay, then we can't count it as an asset

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Speaker 3: if it's something, if it's a piece of artwork you're

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Speaker 3: going to hang on the wall and stare at, then

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Speaker 3: it cannot help you financially. Guess what, you're poor. We

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Speaker 3: have to be some That doesn't mean blow out of

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Speaker 3: the whole thing. But if you are terrified of these

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Speaker 3: things and you're never willing to touch it, then it's

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Speaker 3: not an asset for you.

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Speaker 2: You have to get past that.

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Speaker 3: If you really want to pretend you know that this

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Speaker 3: is something you don't need, well.

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Speaker 1: This is probably a good time to mention some strategies

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Speaker 1: for situations like this, where you know, once we have

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Speaker 1: the discussion and somebody realizes, yeah, I probably should rebalance

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Speaker 1: or at least protect that position, that stock position, and

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Speaker 1: I and I don't want to pay the taxes, but

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Speaker 1: I also don't want it to fall by fifty percent,

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Speaker 1: you know, if and when we get another severe correction.

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Speaker 1: Some things that we do for people, you know, a

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Speaker 1: couple of things that come to mind. You can take

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Speaker 1: that stock and drop it in to a tax loss

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Speaker 1: harvest you know, direct indexing strategy where some short term

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Speaker 1: gains are being harvested in the background while we have

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Speaker 1: periods of volatility, and that allows the portfolio managers to

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Speaker 1: kind of, you know, lightly trim that position over time

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Speaker 1: with no capital gains exposure because we have some losses

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Speaker 1: to offset it. Another more, you know, slightly more sophisticated

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Speaker 1: strategy is you could put some collar protection around it.

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Speaker 1: You know, you sell it out out of the money call,

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Speaker 1: which helps pay for insurance, to buy a put option

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Speaker 1: on that stock. You know, you're not selling the stock,

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Speaker 1: but if it falls in value, the value of your

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Speaker 1: put option goes up, and you've protected the value of

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Speaker 1: that position in portfolio.

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Speaker 2: And that move.

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Speaker 3: Protects you from the whims of any one individual company

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Speaker 3: because anything can do anything at any given time. Just

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Speaker 3: ask Procter and Gamble people what happened when Dirk Yager

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Speaker 3: was named CEO twenty five years ago.

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Speaker 2: Didn't go so well.

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Speaker 3: Great company, but they hit a bad period there and yeah,

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Speaker 3: so the I think the concern here is not so

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Speaker 3: much the risk of any one company. It's just the

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Speaker 3: idea that if you're going to have this much of

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Speaker 3: your assets tied up into one stock, you're no longer

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Speaker 3: worried about the market, or you're what's my balance my

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Speaker 3: asset allocated portfolio.

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Speaker 2: Well, if you've got eighty percent tied up in a

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Speaker 2: couple of tech stocks, you don't care about the overall market.

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Speaker 3: You better be on those conference calls, listening to what

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Speaker 3: those people are talking about and reading every word that

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Speaker 3: the analysts have to say. If that is your current

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Speaker 3: financial plan, because it does not relate to the overall economy,

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Speaker 3: it relates to a handful of companies.

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Speaker 2: If you're not going to protect otherwise, all.

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Speaker 1: Right, well, getting away from just that one or two

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Speaker 1: concentrated stock situation. You know, in general, folks are just

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Speaker 1: looking for some smart, you know, proactive tax planning because

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Speaker 1: as we talk about all the time, Brian, and this

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Speaker 1: is no knock on CPAs or tax professionals, but generally speaking, they.

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Speaker 2: Are in a reactive mode.

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Speaker 1: They take in all your information that you get in

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Speaker 1: January and February, they plug it into tax software and

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Speaker 1: they tell you how much you owe in taxes. That's

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Speaker 1: tax preparation, that's not tax planning. There are a lot

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Speaker 1: of good CPAs, and we work with many of them

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Speaker 1: where we partner with them and our clients to get

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Speaker 1: into some actual proactive tax planning, dovetailing that with a

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Speaker 1: client's investment strategy and cash flow and retirement planning strategy.

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Speaker 2: Brian walk us through some of the things that.

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Speaker 1: We do that really do add value to a client

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Speaker 1: situation regardless of.

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Speaker 3: What the market does. I like the way you put that, Bob.

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Speaker 3: A tax prep is very different from tax planning. This

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Speaker 3: is tax prep season, right. Tax planning will be what

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Speaker 3: you want to do after tax prep, so that do

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Speaker 3: you ensure that whatever you just went through doesn't happen again?

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Speaker 3: What can I be doing through the balance of twenty

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Speaker 3: twenty six so that they don't get the outcome that

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Speaker 3: I didn't particularly like.

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Speaker 2: From twenty twenty five. That's planning ahead. Now.

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Speaker 3: Don't go to your CPA right now and say hey,

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Speaker 3: let's do some tax planning. They're going to say, nope,

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Speaker 3: we'll talk about that in May because they're about to

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Speaker 3: enter their extremely busy season. But what are we talking

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Speaker 3: about here, well, tax planning, and we already hinted it at.

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Speaker 3: One of these things is, first off, tax loss harvesting.

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Speaker 3: And yes, we did talk about this all through the

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Speaker 3: fourth quarter. It's a little early in the year to

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Speaker 3: worry about tax loss harvesting for twenty six because we're

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Speaker 3: two weeks in. But tax loss harvesting basically means paying

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Speaker 3: attention to the individual holdings you have and using the

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Speaker 3: ones that may not be sitting at a game position.

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Speaker 3: Maybe they're sitting at a loss position. Sell them because

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Speaker 3: you get to take a deduction or offsets some other

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Speaker 3: gain you may have elsewhere in your situation. Another one

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Speaker 3: is roth conversions and the timing of your income. So

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Speaker 3: if you have lower income years, and this often happens

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Speaker 3: immediately after somebody retires, if you've got a decent nest

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Speaker 3: egg built up, you may be able to retire and

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Speaker 3: literally not generate any income you're not working. Maybe you

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Speaker 3: haven't turned on your Social Security or your pensions spigots yet,

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Speaker 3: you're just spending down assets. That's going to be the

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Speaker 3: lowest tax bracket you've seen in years. I do not

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Speaker 3: personally believe that it's a good idea to celebrate. A

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Speaker 3: lot of people come in and they'll say, I'm I'm

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Speaker 3: only paying eight percent taxes this year, and I'm going,

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Speaker 3: what are you doing?

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Speaker 2: Why would you do that?

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Speaker 3: You know, pay fifteen and convert some stuff to ROTH

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Speaker 3: take advantage of the opportunity.

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Speaker 2: That's some money to keep from paying a thirty two

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Speaker 2: percent bracket in six years.

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Speaker 3: Exactly because when you're seventy three or seventy five, depending

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Speaker 3: on when you were born, r MD season hits required

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Speaker 3: minimum distributions. Now you're permanently in a higher bracket because

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Speaker 3: of those pre tax assets. So don't ignore the opportunity

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Speaker 3: of that income time.

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Speaker 1: Well, you mentioned the tax loss harvesting, and I'm going

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Speaker 1: to harken back again to that meeting you and I

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Speaker 1: did together yesterday.

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Speaker 2: Oh we're hearkening today, are we? We are harketing? You

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Speaker 2: got this sosaurce out this. I'm using my three syllable words.

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Speaker 1: But the client walked in and one of their questions was, Hey,

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Speaker 1: we've got this tax smart investing thing on our account,

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Speaker 1: can you give us evidence that this is actually working?

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Speaker 1: And I wanted to make two points, and we made

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Speaker 1: them yes yesterday in that meeting. Number One, A lot

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Speaker 1: of times people have a hard time behaviorally, if they're

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Speaker 1: managing this stuff on their own, from ever taking a loss,

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Speaker 1: because by hitting that button in that sell button and

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Speaker 1: taking the loss, you're kind of admitting defeat. And especially men,

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Speaker 1: we don't like to do that. Our ego gets wrapped

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Speaker 1: up a little stubborn. When you've got an algorithm or

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Speaker 1: a strategy or a portfolio management team working in the

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Speaker 1: background with all emotion removed, they can do that very easily,

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Speaker 1: keep the portfolio fully invested.

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Speaker 2: And you know, for this.

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Speaker 1: Particular client and a lot of our clients last year,

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Speaker 1: you know, very balanced portfolio. They were up seventeen eighteen percent,

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Speaker 1: and we were able to show them the tax bill

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Speaker 1: you're going to get next month is about five hundred

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Speaker 1: dollars in taxable gain and they're like, yep.

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Speaker 2: I got it, thank you. Now, what kind of makes sense.

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Speaker 1: That they would never have been able to do that

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Speaker 1: or wanted to do it on their own, but having

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Speaker 1: these plans in place right now makes a huge difference.

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Speaker 3: And that's because of not only the emotional component, but

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Speaker 3: it's also that takes some pretty heavy duty analytical stuff

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Speaker 3: because you have to dig deep into the portfolio, into

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Speaker 3: each and every tax lot holding of each and every

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Speaker 3: position that you have to find those opportunities, and then

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Speaker 3: then you layer on that emotional component of I don't

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Speaker 3: want to sell this. It has lost money. I can't

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Speaker 3: stand that.

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Speaker 2: Well.

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Speaker 3: The most comfortable people with their financial plans realize that

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Speaker 3: sometimes it rains and it's okay to just jump in

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Speaker 3: the puddles and deal with the situation at hand, take

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Speaker 3: the loss and the opportunity.

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Speaker 1: That provides another opportunity that you always comes up at

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Speaker 1: the end of the year.

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Speaker 2: So I'm going to talk about it in January.

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Speaker 1: Hopefully people that are aged seventy and a half and

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Speaker 1: over are listening to this, and it's for folks that

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Speaker 1: do regular charitable giving. Please use your IRA r M

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Speaker 1: D amount to do some of that. Talk to your

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Speaker 1: advisor now and help coordinate a strategy have that happen

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Speaker 1: throughout the year. It's a very tax advantage strategy to

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Speaker 1: use instead of writing a check, dropping that cash and

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Speaker 1: the offering plate. Not enough people are taking advantage of that.

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Speaker 1: It's called a qualified charitable distribution.

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Speaker 3: You have qualified charitable distributions. Also, donor advised funds, appreciated securities.

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Speaker 3: These are all keywords you should understand before you ever

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Speaker 3: write a check to a charity. There are much more

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Speaker 3: tax efficient ways to benefit the charity the exact same way.

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Speaker 1: Help yourself and help the charity. Here's the all Worth advice. Remember,

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Speaker 1: the most successful investors aren't the ones who minimize every

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Speaker 1: tax bill. They're the ones who make coordinated, intentional decisions

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Speaker 1: that compound into long term after tax strength and growth.

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Speaker 1: Coming up next, something a group of billionaires had in

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Speaker 1: common in twenty twenty.

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Speaker 2: Five that should serve as a lesson for all of us.

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Speaker 1: You're listening to Simply Money presented by all Worth Financial

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Speaker 1: on fifty five KRC, the talk station.

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Speaker 2: You're listening to Simply.

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Speaker 1: Money presented by all Worth Financial on Bob Sponsorer along.

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Speaker 2: With Brian James.

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Speaker 1: If you can't listen to Simply Money live every night,

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Speaker 1: subscribe and get our daily podcasts. And if you think

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Speaker 1: your friends or family could use some financial advice. Well

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Speaker 1: let them know about us as well. Just search simply

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Speaker 1: money on the iHeart app or wherever you find your podcast. Well,

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Speaker 1: twenty twenty five proves something yet again that tends to

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Speaker 1: happen every single year, Brian. No matter how much money

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Speaker 1: you have, how many experts you hire, or how many

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Speaker 1: screens are on your trading desk, you still cannot predict

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Speaker 1: the direction of the stock market. And twenty twenty five

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Speaker 1: was no different. We've got some actual data to back

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Speaker 1: that up.

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Speaker 3: Yeah, so this is data coming from Forbes magazine. They

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Speaker 3: pulled thirty four billionaires at the beginning of last year.

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Speaker 3: That kind of surprises me. Billionaires are taking magazine questionnaires.

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Speaker 3: But whatsever whatever, that's what We're simply restating what we

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Speaker 3: see out there in the media. So big name investors.

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Speaker 3: It includes real estate, tycoons, headfund managers, a little bit

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Speaker 3: of everything. And with a simple question, what do you

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Speaker 3: think the S and P five hundred will return in

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Speaker 3: twenty twenty five? Well, how did these smart people with

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Speaker 3: gigantic piles of money do thirty five Some of them

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Speaker 3: thought the market was going to be down, somebody as

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Speaker 3: much as twenty percent, another thirty five percent, we're looking

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Speaker 3: only for single digit gains. Only seven out of thirty

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Speaker 3: four or you know, one out of five twenty percent

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Speaker 3: correctly guessed that the market was going to be up

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Speaker 3: between ten and twenty percent. So the point of this, right,

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Speaker 3: these are people who did something right somewhere along the way,

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Speaker 3: because now they are billionaires with a B. But most

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Speaker 3: of them either underestimated the market or we're just flat

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Speaker 3: out negative and pessimistic. Not super surprising. That's actually pretty telling, Bob,

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Speaker 3: because this level investor, with everything that they have, it

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Speaker 3: gets it wrong most of the time. So what hope

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Speaker 3: do the rest of us have at guessing at it?

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Speaker 2: Well, not much hope at all.

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Speaker 1: I've got a couple thoughts on why these billionaires are

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Speaker 1: so far off, and Brian, we run into that not

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Speaker 1: with billionaires, but with people that own businesses or very

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Speaker 1: focused in leadership in a specific industry, whether they're doctors

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Speaker 1: or you know, owners of closely held businesses or what

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Speaker 1: have you, high level executives. A lot of these folks

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Speaker 1: are used to running things in a particular company or

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Speaker 1: business and they're very good at what they do, laser

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Speaker 1: focused on that particular company or industry, and they and

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Speaker 1: they got tunnel vision and that that's how you get

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Speaker 1: to be a billionaire as you stay focused, diligent, and

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Speaker 1: you get after it year after year, but you don't

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Speaker 1: have a real broad view of the overall economy sometimes,

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Speaker 1: and and you and I run into this with you know,

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Speaker 1: with folks that are extremely intelligent, way smarter than you

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Speaker 1: and I would ever be, but they're they're very focused

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Speaker 1: on a specific company or industry and they kind of

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Speaker 1: can't see the forest for the trees sometimes when making

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Speaker 1: these kind of bold predictions. And yeah, it's just very interesting.

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Speaker 1: It goes back into behavior, you know, investment or financial behavior.

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Speaker 2: We're all prone to it.

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Speaker 1: We all have presuppositions and biases that we you know,

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Speaker 1: we we carry around with us all day every day.

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Speaker 2: Yeah, that's exactly right.

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Speaker 3: And so so let's go through some of these individual

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Speaker 3: people who got it right, who got it wrong, and

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Speaker 3: what's their background here. So one of the interesting names

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Speaker 3: on here is real estate mogul Larry Connor.

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Speaker 2: He's interesting to me because he's local.

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Speaker 3: If you're ever up in the South Dayton area, you'll

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Speaker 3: see buildings under the Connor group. Well, he's a pretty

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Speaker 3: successful real estate investor, and he was right on the

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Speaker 3: predictions for the market last year. And some other folks,

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Speaker 3: David Hoffman, who's also buying the Pittsburgh Penguins, he got

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Speaker 3: it right on the wrong end of this a Florida homebuilder.

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Speaker 1: Imagine that we have a good gear and have enough money,

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Speaker 1: you know, take my investment gains for twenty twenty five,

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Speaker 1: and hey, go.

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Speaker 3: Buy an NHL tea yup, stop, buy loaf of bread,

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Speaker 3: bottle of milk, stick of butter, and an NHL team

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Speaker 3: on the way home from work.

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Speaker 2: You know, that's how we do this. Well, let's talk

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Speaker 2: about how Let's talk about the big firms, right.

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Speaker 3: We listened to a lot of the big financial institutions

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Speaker 3: because they have a pretty loud megaphone when it comes

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Speaker 3: to their opinions. Bank of America was looking for a

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Speaker 3: ten percent return, Goldman and Morgan Stanley were predicting about

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Speaker 3: seven and a half percent. Vanguard tends to be pretty socialist,

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Speaker 3: if you will, democratic, and surveyed the public and got

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Speaker 3: six point four percent back. Everybody, all of those big

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Speaker 3: institutions were under the actual sixteen percent return that we

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Speaker 3: got in twenty twenty five.

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Speaker 1: Those estimates from the big firms, and I'm not knocking them.

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Speaker 1: They're they're being responsible. But Brian, every year their prediction

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Speaker 1: is somewhere between seven and ten percent.

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Speaker 2: Why is that.

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Speaker 1: It's because over the last they every ninety years, that's

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Speaker 1: what the market does.

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Speaker 2: So they're just being responsible.

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Speaker 1: I mean, shoot, they if Goldman came out and said

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Speaker 1: I think the market's going to be down seventeen or

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Speaker 1: up thirty.

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Speaker 2: Four this year, they'd lose a lot of respect in

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Speaker 2: a hurry.

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Speaker 3: So I don't knock these firms now, No, not at all.

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Speaker 1: They got to put a number out there because these

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Speaker 1: media folks are sticking a microphone in their face and

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Speaker 1: during the first week of January.

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Speaker 3: If you're listening to this thinking we're bashing individuals or

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Speaker 3: financial institutions for not knowing what the market is doing,

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Speaker 3: then you're not listening closely enough.

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Speaker 2: Our point is you cannot know. Nobody knows.

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Speaker 3: These are some of the smartest brains in the world

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Speaker 3: thinking about finances, and they're all over the map in

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Speaker 3: terms of what they think is coming and versus what

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Speaker 3: actually happens.

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Speaker 1: Yeah, let's talk about what some of the big winners

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Speaker 1: are stockwise, and these are stocks we've mentioned throughout the

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Speaker 1: past year, and the video was up thirty nine percent

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Speaker 1: last year, Pallenteer was up one hundred and thirty five percent,

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Speaker 1: robin Hood up two hundred percent, and XP was up

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Speaker 1: thirty eight percent. Only two of these picks went down Tannebell,

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Speaker 1: a beverage company in Indonesia, and the I Shares Bitcoin

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Speaker 1: Trust ETF was down on the year as well. A

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Speaker 1: lot of people thought bitcoin was going to go to

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Speaker 1: the moon last year. And if you over allocated to

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Speaker 1: that asset class, just like any other asset class, you know,

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Speaker 1: you're sticking your nose out there and you better be

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Speaker 1: right or you're going to be disappointed if things don't

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Speaker 1: go your way.

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Speaker 3: Yep, those picks came from that same Forbes survey where

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Speaker 3: they also Forbes also asked these individual billionaires for one

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Speaker 3: recommendation each what's something you would buy? And of the

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Speaker 3: eighteen stocks named, only two of them lost value in

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Speaker 3: twenty twenty five that Bob just mentioned. So yeah, it's

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Speaker 3: interesting to say, you know, these people probably don't really

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Speaker 3: even think about individual securities. They didn't make their billions

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Speaker 3: of dollars by playing the market. They're doing other things

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Speaker 3: in various industries.

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Speaker 1: Yeah, they're not buying the Uh, they're not buying the

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Speaker 1: XP why and dollar cost averaging?

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Speaker 3: Yeah, they don't think about much about their four o

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Speaker 3: one ks very often so for the rest of us mortals.

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Speaker 2: If we're not gonna make a prediction for the market,

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Speaker 2: what should we be doing? Brian? As we enter twenty

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Speaker 2: twenty six, don't screw it up? Right.

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Speaker 3: The rules for twenty six is the same as they've

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Speaker 3: been forever. Don't make a mess of your credit, save

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Speaker 3: more than you spend, and don't panic when the market wabbles.

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Speaker 3: Do that for thirty years, and you will have some

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Speaker 3: problems similar to these billionaires.

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Speaker 1: Or as one of these billionaires put it, if we

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Speaker 1: could perfectly predict the stock market, we wouldn't be billionaires,

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Speaker 1: we'd be trillionaires. Here's the world that would be right,

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Speaker 1: It would be great. Here's the all Worth advice. If

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Speaker 1: billionaires can't call the market, you shouldn't try either. Build

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Speaker 1: a plan that works no matter what the market does

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00:19:43,840 --> 00:19:47,520
Speaker 1: from year to year. Thanks for listening tonight. Xavier basketball

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00:19:47,720 --> 00:19:50,400
Speaker 1: is coming at you. Next go Musketeers.

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Speaker 2: Get it done.

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Speaker 1: Tonight, you've been listening to simply money presented by all

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Speaker 1: Worth Financial on fifty five KRC.

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Speaker 2: The talk station