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Speaker 1: Welcome to How the Money. I'm Joel and I and

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Speaker 1: Matt and today we're revealing how we invest our money.

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Speaker 1: Not only are we talking about Joel, how you and

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Speaker 1: I how we invest our money. We're gonna talk about

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Speaker 1: how it is that you are listener, how you should

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Speaker 1: probably be investing, what it is that your money should

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Speaker 1: be in. It's not beanie babies instead, it's a big

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Speaker 1: mac gif. Yeah, that's a good idea for most people

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Speaker 1: to anything like virtual Hamburger. I'm in, like, I'll invest

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Speaker 1: my money there. So yes, and of course we are

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Speaker 1: completely joking. We're mostly be talking about just asset allocation uh.

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Speaker 1: And yeah, what specifically your money should be in. Uh.

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Speaker 1: And we're gonna get to that during this episode. Buddy,

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Speaker 1: a lot of things to consider when you're thinking about

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Speaker 1: how you and stra money. And I know for a

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Speaker 1: lot of people there's a mental hurdle that needs to

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Speaker 1: be overcome when you're thinking about, you know, what funds

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Speaker 1: you put your money, And we get a lot of

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Speaker 1: questions about that from people, Matt and so yeah, today

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Speaker 1: on the show, we're gonna do our best to kind

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Speaker 1: of give a holistic view of what it looks like

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Speaker 1: to be well diversified, and at the same time, we're

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Speaker 1: gonna give specifics on how we're invested, so hopefully that

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Speaker 1: can be helpful to heck. Yes, But before we get

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Speaker 1: to that, man, I wanted to let you know that.

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Speaker 1: So I was on a neighborhood phone call the other night,

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Speaker 1: a zoom call, and you know, there's all sorts of

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Speaker 1: stuff going down in the neighborhood, people wanting to Was

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Speaker 1: it a Neighborhood Planning Unit meeting? Yes, it was meeting.

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Speaker 1: It was it was and um and those are a

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Speaker 1: lot of their their interesting at times. But my wife

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Speaker 1: and I are planning on we're adding a bathroom on

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Speaker 1: the back of our house, like because we have essentially

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Speaker 1: we we bought a duplex. We rerunt it out the

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Speaker 1: back of it for four over four years. But now

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Speaker 1: we have more kids and we're kind of taking over

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Speaker 1: the whole space and we need an additional bathroom. So

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Speaker 1: this bathroom screen porch combos going in soon. And we

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Speaker 1: had to get some planes approved. But less about that,

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Speaker 1: I wanted to talk actually about something else that I

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Speaker 1: learned in the MPU meeting, and this was that apparently

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Speaker 1: if you shop at Kroger, they had this thing called

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Speaker 1: Kroger Community Rewards, and I had no idea that this existed.

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Speaker 1: You know, you and I were kind of costco aldi people.

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Speaker 1: I go to Kroger sometimes, so because it can be

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Speaker 1: very rarely, like I don't want to go to Kroger,

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Speaker 1: but I will. Yeah. But if and when you do

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Speaker 1: go to Kroger, if you sign up for their Kroger

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Speaker 1: Community Rewards, you can actually earn money for local nonprofits

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Speaker 1: or national nonprofits, and so that was cool. I didn't

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Speaker 1: know that, you know, anytime I spend money at Kroger,

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Speaker 1: my local neighborhood organization can actually reap some of the benefits, so,

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Speaker 1: which is pretty cool. Specifically, somebody was presenting that because

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Speaker 1: they're like, hey, make sure that you put the East

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Speaker 1: Atlanta Foundation as your nonprofit. That's us. We want to

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Speaker 1: make sure that we're getting the funding from that, right, which, yeah,

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Speaker 1: it makes a lot of sense. I too, had never

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Speaker 1: heard of this, and you mentioned it to me. I

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Speaker 1: was like, wait, what's never heard of this? And that's

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Speaker 1: probably what it's gonna take to get me to go

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Speaker 1: to Kroger and spend my money. Uh, not at all,

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Speaker 1: because Alli doesn't have anything like that. Do you know

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Speaker 1: if actually if you can apply dollars from your gas

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Speaker 1: because we often get gas. There's a good question. I'm

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Speaker 1: guessing any time you use your Kroger rewards car or whatever,

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Speaker 1: that that they're like, you know, racking up your purchases

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Speaker 1: and they're donating some of that money to community organizations.

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Speaker 1: If you sign up. That's a trick though, like you,

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Speaker 1: it doesn't cost you anything except for like a minute

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Speaker 1: of your time, and then any time you shop there

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Speaker 1: in the future, your organization that that you've chosen is

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Speaker 1: gonna you know, get some dollars, which is cool. So

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Speaker 1: we'll put a link to that in the show notes

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Speaker 1: with something again I had no idea about, but super

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Speaker 1: cool and I'm glad that any time I do spend

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Speaker 1: money there now it's gonna help out the neighborhood. Yeah,

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Speaker 1: that's right, man. But let's go ahead now introduce the

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Speaker 1: beer that you and I are going to enjoy on

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Speaker 1: this episode. Like like all episodes, we always enjoy a

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Speaker 1: craft beer because it's something that you and I we enjoy.

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Speaker 1: Now we uh, we want to make sure that we

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Speaker 1: are living life, you know, so to speak, in the

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Speaker 1: here and now, while at the same time saving for

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Speaker 1: our futures as well. We're not like total money nerds

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Speaker 1: where we're only depriving ourselves. We're total money nerds, but

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Speaker 1: we're not like we don't deprive ourselves exactly. And I think, yeah,

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Speaker 1: for us, enjoying life is enjoying craft beer together. Yeah,

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Speaker 1: and that's a part of how this show came about. Right,

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Speaker 1: You and I we enjoy sharing beers together talking about money,

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Speaker 1: and now we just do the same thing but we

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Speaker 1: record it. But this episode, you and I are enjoying

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Speaker 1: a haptic which is an American I p A. And

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Speaker 1: this is from our friends over at Halfway Crooks, one

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Speaker 1: of our favorite local breweris here in Atlanta, and we

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Speaker 1: will share our thoughts on the speer at the end

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Speaker 1: of the episode. That's right, we will. But all right, Matt,

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Speaker 1: onto the subject at hand. Today on the show, we

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Speaker 1: are going to reveal how we invest our money and

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Speaker 1: it's gonna get there's gonna be such a letdown, Like, oh,

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Speaker 1: the way they investor is really boring. Like I thought

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Speaker 1: they were going to be all in on gold, like

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Speaker 1: gold bullion. Yeah, well, sorry if we let you down

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Speaker 1: on that, But that's that's not gonna be the case,

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Speaker 1: but we will get to that later on the episode.

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Speaker 1: But we are also going to talk about asset allocation

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Speaker 1: and diversification. And there's this this saying that all of

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Speaker 1: us have heard, right, don't put all your eggs in

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Speaker 1: one basket. And I've heard it pretty sure. My parents

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Speaker 1: told me that at one point growing up, maybe when

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Speaker 1: I was like picking a job and I was like, uh, no,

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Speaker 1: pressure washing, it's gonna be good at this, and they're like, no,

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Speaker 1: you should diversify your skills. I actually remember Kate saying

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Speaker 1: that to me when we actually had chickens. She's like,

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Speaker 1: she was like, what's the Like, why did they say that?

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Speaker 1: Make sure you you just do the right thing when

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Speaker 1: you go get that, actually get a few baskets. I

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Speaker 1: was just like, well, I'll be careful. Yeah. Well, I

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Speaker 1: didn't know where it came from, so I looked it

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Speaker 1: up and it turns out it comes from the seventeenth

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Speaker 1: century and it became a thing when you were grabbing

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Speaker 1: eggs from your hands, because if you had all of

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Speaker 1: your eggs in one basket and you dropped it, you

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Speaker 1: got a bunch of busted up eggs. Makes sense, no

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Speaker 1: breakfast the next day or probably for like a few days. Yeah, yeah,

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Speaker 1: no breakfast for the village, right, But but if you're

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Speaker 1: smart and maybe used a few different baskets instead of

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Speaker 1: overcrowding the one, you could drop one and still have

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Speaker 1: eggs for breakfast that week. There you go, maybe just

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Speaker 1: one fewer right each day. And I think we can

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Speaker 1: all get overwhelmed in an attempt to diversify our investments

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Speaker 1: and come up with the perfect asset allocation. There's so

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Speaker 1: many articles and so much out there on the internet

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Speaker 1: about creating the perfect asset allocation, and it can be

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Speaker 1: overwhelming to people just everyday people who have jobs and

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Speaker 1: families to figure this stuff out. And so yeah, on

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Speaker 1: this episode, we wanted to spend some time thinking about

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Speaker 1: asset allocation um and simplicity at the same time. And

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Speaker 1: the advantage to having a more simple asset allocation less

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Speaker 1: can truly be more in so many cases. And so

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Speaker 1: we're gonna talk about that and then describe exactly how

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Speaker 1: you and I invest later on. That's right, And you

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Speaker 1: know we hear from listeners as well who frequently just

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Speaker 1: don't know what to invest in. You know, they like

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Speaker 1: they hear us talk about like I ra a s

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Speaker 1: and four O. One case they learn how to open

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Speaker 1: one of those up, it's pretty easy, but then they

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Speaker 1: get overwhelmed about where to actually invest, you know, their

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Speaker 1: money within those vehicles. Uh and so and then other

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Speaker 1: listeners do have expressed maybe being nervous that they aren't

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Speaker 1: diversified enough in their holdings. So we want to kind

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Speaker 1: of do a deep dive on asset allocation today and

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Speaker 1: hopefully to to put your mind at ease to help

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Speaker 1: you to think through like what a sound diversification strategy

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Speaker 1: looks like. Um. And we're primarily going to focus on

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Speaker 1: securities like stocks and bonds, uh not, not the countless

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Speaker 1: other ways that present themselves as quote unquote investments, you know,

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Speaker 1: but we want to avoid the beanie babies. I want

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Speaker 1: to avoid the burger burger king pins, as it's kind

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Speaker 1: of a money there that there's one of the things

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Speaker 1: that annoys me a time from time to time, and

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Speaker 1: I've tried to let it annoy me less over the years.

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Speaker 1: And when someone's like, you know, you should buy that

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Speaker 1: that's a good investment, and usually what they're referring to

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Speaker 1: some consumable item that won't be around much longer, and

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Speaker 1: that that like, hey, that's a good that's a good

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Speaker 1: investment if you get that television. And I'm like, no, no,

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Speaker 1: buying a television not an investment. So we're not gonna

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Speaker 1: be talking about it will only depreciate in value. Yeah, yeah, exactly.

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Speaker 1: It's it's it's fine to purchase that TV, right if

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Speaker 1: if that's you know, if you can afford it, and

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Speaker 1: that's what you want for your family, But it's not

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Speaker 1: an investment. Calling it that just you know, it's one

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Speaker 1: of my pet peeves, that's that's true. And at one

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Speaker 1: point I feel like I even like I ventured to

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Speaker 1: even call a bike an investment because I like bikes

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Speaker 1: so much, and you're like, dude, we can't call bikes

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Speaker 1: an investment. It doesn't make you money, but you know,

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Speaker 1: it's a tool that allows you to live up potentially

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Speaker 1: more frugal and fulfilling lifestyle. But does it go up

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Speaker 1: and value. No, No, not usually, not likely. Maybe if

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Speaker 1: you own it for like fifty years and it becomes

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Speaker 1: vintage potentially, then maybe then, but no. Wonder people doubt

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Speaker 1: themselves right mat when it when it comes to kind

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Speaker 1: of those decisions about where they put their money when

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Speaker 1: they're investing it. I feel like there's a constant push

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Speaker 1: for new ways to invest, new sectors that are opening

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Speaker 1: up that people are told that they should be putting

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Speaker 1: their money into. Do I need to invest in crowdfunding,

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Speaker 1: real estate sites, gold, crypto and n f T s, Like,

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Speaker 1: that's a lot of different places to put your monies.

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Speaker 1: For the kids they're calling it these days, they're cooler

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Speaker 1: than I am. But that could feel overwhelming to people,

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Speaker 1: right like, And I think the pitch is always that

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Speaker 1: investing in each of these areas ads diversification, and so

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Speaker 1: diversification is always good, and so that's we got to

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Speaker 1: own some of those things. But the truth is, I

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Speaker 1: think that you can go bonkers trying to be perfectly diversified,

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Speaker 1: especially in an investing climate like we're dealing with now,

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Speaker 1: one of like seemingly endless possibilities, which I think we'll

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Speaker 1: drive you insane because there's a new investment class every week,

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Speaker 1: it feels like. And so, yeah, being diversified in a

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Speaker 1: simple way is what you and I are after, one

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Speaker 1: one that like any of us can actually replicate. That's

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Speaker 1: that's true. Uh, And you know the thing is, diversification

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Speaker 1: wouldn't even be necessary if we knew the future, right, like,

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Speaker 1: if we only knew the particular companies the stocks in

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Speaker 1: the sectors uh that will have success in the coming months,

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Speaker 1: in years, diversification would become a pretty stupid idea, right.

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Speaker 1: And when you look at what the market has done

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Speaker 1: over the past ten years, certain sectors like tech have

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Speaker 1: outperformed others. And you know, as Tesla became a stock

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Speaker 1: that people obsessed over its shot through the roof, risky

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Speaker 1: bets like bitcoin have have paid off handsomely too. It's

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Speaker 1: easy to get caught up in the exuberance and just

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Speaker 1: say screw it. You know, I'm gonna I'm gonna pick

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Speaker 1: winners as opposed to diversifying your holdings. But you don't

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Speaker 1: have to look too far back into history to see

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Speaker 1: the disastrous effects. In the mid to late nineties of the

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Speaker 1: the NAZDAC was crushing it, as you know, tech stocks

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Speaker 1: were red hot, but the early two thousands saw similarly

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Speaker 1: dramatic losses. And so a lack of diversification might work

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Speaker 1: out in the short term, but there's a reason that

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Speaker 1: it's a crucial pillar of smart investors. Truth. Yeah, And

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Speaker 1: so let's talk about maybe the traditional view of what

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Speaker 1: makes up or made up a balanced and diversified portfolio.

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Speaker 1: The sixty forty portfolio, it's kind of been the simple

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Speaker 1: standard that a lot of fun managers and just a

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Speaker 1: lot of individuals have held to. And that's basically having

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Speaker 1: six of your the invested in stocks and the other

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Speaker 1: invested in bonds. And there's nothing wrong with that approach, right.

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Speaker 1: In fact, I think it's still a great choice for

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Speaker 1: a lot of investors, especially folks who are nearing retirement age. Right.

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Speaker 1: You certainly don't want to be all in on stocks

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Speaker 1: when you're in your seventies, right, But but for many

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Speaker 1: folks in the wealth building phase of life, like us, Matt,

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Speaker 1: and like a lot of our listeners, is not a

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Speaker 1: great choice. And so we would say that you need

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Speaker 1: even more stock exposure. And actually there have been a

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Speaker 1: lot of stories too written about how maybe a sixty forty,

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Speaker 1: even for folks approaching retirement age, is a little too

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Speaker 1: conservative in today's environment. Yeah, that's true. And then the

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Speaker 1: reason for this is due to bonds, you know, lackluster performance, right,

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Speaker 1: since large stocks have returned an average of ten percent

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Speaker 1: per year, whereas bonds have returned between five and six

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Speaker 1: percent over that same period. So you know, investing in

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Speaker 1: stocks is riskier, but they provide better rewards. Bonds, on

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Speaker 1: the other hand, smooth out the ride. And so if

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Speaker 1: you are risk averse, you know, holding bonds can can

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Speaker 1: kind of help you keep investing well even when hility hits,

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Speaker 1: because the long term doesn't really matter if you can't

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Speaker 1: handle the fluctuations that you might experience in the short term. Yeah,

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Speaker 1: that makes me think of like, uh, you know, someone

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Speaker 1: going to college and it's like, you know what, you

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Speaker 1: can graduate a whole lot quisitter if you take a

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Speaker 1: twenty five hour courseload every semester. That's true, but that's

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Speaker 1: gonna burn you out, like you're gonna drop out, You're

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Speaker 1: not gonna get the degree. And so you know it's

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Speaker 1: better just like stay in the course with that like

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Speaker 1: fifteen seventeen workload. There you go instead, Right, and we're

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Speaker 1: gonna talk more about risk and stocks in just a

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Speaker 1: little bit. But but that higher rate of return with

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Speaker 1: stocks is why most young listeners will likely need to

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Speaker 1: be primarily invested in stocks and not in bonds. And

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Speaker 1: not being said, there are a number of things to

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Speaker 1: keep in mind when it comes to asset allocation, and

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Speaker 1: we're gonna get to some of those things right after

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Speaker 1: this break. All Right, we're back, and you know, before

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Speaker 1: the break, we were talking about one of the differences

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Speaker 1: between stocks and bonds. Uh, And so's continue that conversation

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Speaker 1: because you know, it is not only about higher performance

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Speaker 1: that you're likely to you know, going to see with

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Speaker 1: stocks that you need to consider. That's not the only

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Speaker 1: thing that you need to think through. There are other

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Speaker 1: things that you might want to keep in mind. There

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Speaker 1: are a couple of questions that you need to ask

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Speaker 1: yourself when determining how you should be investing. The answers

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Speaker 1: to these questions can help guide your diversification strategy, and

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Speaker 1: that's what we're gonna talk about now. Let's do it,

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Speaker 1: all right. First question up that you need to ask

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Speaker 1: yourself when you're trying to figure out what your diversification

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Speaker 1: strategy should look like is what's your appetite for risk?

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Speaker 1: And like, depending on your age, your income, etcetera, you

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Speaker 1: might have a different risk appetite even then your peers

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Speaker 1: or than your best friend. Right, Matt, is you know

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Speaker 1: super into bitcoin and I'm not. And then so like

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Speaker 1: you know, we're just different in that way. Right, Well,

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Speaker 1: what we actually we'll talk about Bitoin a little bit

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Speaker 1: later on. I'm not super into it, but I mean

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Speaker 1: it does kind of come down to like your personality

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Speaker 1: and kind of what you've lived through. Like as an entrepreneur,

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Speaker 1: I feel like I'm realizing that I am way more

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Speaker 1: risk uh positive, Like I'm okay to expose myself to

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Speaker 1: risk uh And I feel like that that big you know,

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Speaker 1: having not had a steady paycheck for the past thirteen years,

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Speaker 1: having not had benefits health insurance uh four O w K,

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Speaker 1: like all these things, I'm like, oh, like a lot

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Speaker 1: of people really want those things. It's not something I've

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Speaker 1: ever had, it said. Because of that, I'm realizing that

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Speaker 1: when it comes to, you know, making certain investments, I

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Speaker 1: am okay, I guess being more exposed to that risk. Yeah.

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Speaker 1: Part of the reason they want it is because it

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Speaker 1: feels steadier and less risky. Right. It's it's not necessarily

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Speaker 1: because they want to work for someone else. It's because

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Speaker 1: the thought of working for themselves is a little too scary.

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Speaker 1: And I understand that, right. So, yeah, so much of

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Speaker 1: it does come to personality and and you know what's

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Speaker 1: happened in your life also to like living through real

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Speaker 1: life scenarios really helps the most in folks determining what

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Speaker 1: sort of risk they are willing to endure. Right. Uh,

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Speaker 1: And we had a perfect ability to see kind of

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Speaker 1: how we react this past march. It was obviously a

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Speaker 1: short lived and drop, But how did you react? Right?

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Speaker 1: Did you make changes to your investments or did you

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Speaker 1: come close to it? Were you like about to pull

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Speaker 1: the trigger? And then the market started to rebound? Well,

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Speaker 1: it was important too. Is like think about like maybe

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Speaker 1: the kinds of ages that you're going to make, right,

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Speaker 1: because like if you were you know, if if when

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Speaker 1: the market was taking you were thinking about pulling money out, well,

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Speaker 1: lots of problem right and like the into cash and

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Speaker 1: that tells me you are at risk of verse like

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Speaker 1: that is something you're trying to avoid. You're basically trying

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Speaker 1: to save yourself even more pain versus if the changes

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Speaker 1: you're looking to make, where if you're willing to jump

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Speaker 1: into the market at that point, what's like, well, you

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Speaker 1: knew that there's a chance that could keep taking, Like

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Speaker 1: you're jumping into a very volatile market. Uh. And things

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Speaker 1: may not may or may not paying out, who knows,

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Speaker 1: But like that tells me that you probably are you know,

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Speaker 1: more comfortable with you know, exposing yourself to that risk.

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Speaker 1: And so it's not about the changes but actually what

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Speaker 1: types of changes that you're looking to make as well. Yeah,

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Speaker 1: and I think too, if you can't handle a thirty

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Speaker 1: percent decline in your portfolio balance, then you should reconsider

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Speaker 1: your portfolio allocation, right. Your goals and life situation might

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Speaker 1: necessitate that, right for you. And and and that's because

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Speaker 1: something you can to a ten, twenty or thirty percent drop,

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Speaker 1: you're going to see a whole lot more of those

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Speaker 1: over your investing lifetime, especially if you're a young investor

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Speaker 1: and all you've known is, you know, mostly the bull

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Speaker 1: market we've had for the last eleven years or whatever. Uh,

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Speaker 1: you know, that was that was a nice scenario to experience,

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Speaker 1: at least for a second, to see how you hold

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Speaker 1: up to volatility um. But yeah, how were you reacting emotionally?

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Speaker 1: And if it didn't really face you, then your risk

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Speaker 1: appetite is strong and you can afford to let your

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Speaker 1: asset allocation reflect that. Yeah, and hopefully we won't see

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Speaker 1: draw downs, uh, you know, in the future moving forward.

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Speaker 1: But like gosh, man, like with the housing crisis back

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Speaker 1: in you know, seven o eight, the pandemic. All these

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Speaker 1: have happened like pretty close together, and so maybe this

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Speaker 1: is something that we're going to see more often as

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Speaker 1: you know, our world becomes more connected. Who knows, Like

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Speaker 1: I guess that's all I'm saying. We were like, we

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Speaker 1: don't know, but we want you to be prepared for

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Speaker 1: the idea that like ten percent draw downs or like

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Speaker 1: even maybe even like that it might be more common,

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Speaker 1: it might happen a little more frequently, and you know,

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Speaker 1: like you kind of touch on the show. But regardless

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Speaker 1: of whether or not you can handle the risk, your

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Speaker 1: goals in your life situation might call for you to

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Speaker 1: make some changes to how you invest. Uh So, for example,

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Speaker 1: if you're nearing retirement, even though you you might be

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Speaker 1: all about risk, you probably need to dial it back

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Speaker 1: some of the stocks so that you don't lose meaningful

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Speaker 1: chunks of the wealth that you've built up because of

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Speaker 1: that volatility as you get closer to retirement. But on

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Speaker 1: the other hand, say you're in your twenties, right, maybe

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Speaker 1: you're just starting to invest in your four own k.

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Speaker 1: Maybe you finally set up a ROTH. It's important to

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Speaker 1: note that you likely have many decades of growth ahead

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Speaker 1: of you. There's plenty of time to kind of smooth

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Speaker 1: out a bumpy stock market. And and in that case,

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Speaker 1: you could skip bonds altogether. Uh. And even if you

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Speaker 1: might be a bit risk averse, this would be an

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Speaker 1: instance where you need to force yourself into more risk exposure.

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Speaker 1: This is an instance where you need to push yourself

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Speaker 1: to get more into stocks, uh and kind of shy

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Speaker 1: away from those bonds. Yeah, you might be like I

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Speaker 1: was born this way. I'm like not a risky person,

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Speaker 1: but at the same time, like to be able to retire,

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Speaker 1: you're gonna be broken. You have to take some risks.

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Speaker 1: And like we've talked about actually before on the show,

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Speaker 1: one of the biggest risks is inflation eating away your money.

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Speaker 1: And so to not take any risk means you're taking

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Speaker 1: the ultimate risk, which is the known risk of inflation,

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Speaker 1: just like wiping you're out and really really killing your

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Speaker 1: ability to save for the future. Um. And it's also

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Speaker 1: too it's important to ask yourself what your goals are.

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Speaker 1: If you're looking to beat the market, well, you're gonna

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Speaker 1: need to be even more aggressive when determining which funds

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Speaker 1: you invest in and It's not that some people haven't

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Speaker 1: been able to beat the market over an extended period

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Speaker 1: of time. I mean, look at people like Warren Buffett

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Speaker 1: or Peter Lynch who you know in the eighties for fidelity.

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Speaker 1: It's just that most people can't. And it's especially difficult

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Speaker 1: when you have a day job and a family and

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Speaker 1: responsibilities right when it's not your full time job. So

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Speaker 1: we just don't think it's a generally a great goal

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Speaker 1: for most armchair investors who have generally busy lives. But

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Speaker 1: if that is your goal, your diversification strategy is going

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Speaker 1: to have to look different than what Matt and I

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Speaker 1: are outlining here because that's not what we're trying to do.

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Speaker 1: That's right. And so, you know, no matter what your

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Speaker 1: goals are, or you know, what your appetite for risk is,

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Speaker 1: having a plan really comes and clutch here. It helps

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Speaker 1: to kind of take that emotion out of the equation

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Speaker 1: and it can also occurb you know, the fomo, you know,

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Speaker 1: the fear of missing out that we talked about earlier

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Speaker 1: on in the year, you know, as mame stocks re

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Speaker 1: fluctuating like like crazy, uh, and so creating a written

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Speaker 1: investment plan of your very own will be invaluable as

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Speaker 1: you are confronted with new investment opportunities and as you

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Speaker 1: are tempted by you know, the different headlines that you see.

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Speaker 1: It is. It's not that like you can't or or

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Speaker 1: that you won't ever revise your plan over time. But

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Speaker 1: this personalized investment plan it acts as sort of like headlights,

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Speaker 1: you know, for the road ahead, helping you to kind

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Speaker 1: of maintain your course. It's it's almost like a budget

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Speaker 1: makes me think of a budget, right Like with you,

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Speaker 1: with a budget, you are proactively deciding where it is

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Speaker 1: that you're going to spend your money. In the same

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Speaker 1: way a written investment plan, you're just basically deciding how

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Speaker 1: and when it is that you're going to invest your money. Uh,

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Speaker 1: it's essentially kind of you like getting ahead of your

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Speaker 1: emotions a little bit. It's it's you saying that, like

427
00:18:44,640 --> 00:18:46,600
Speaker 1: I steer this ship. You know, I'm not gonna let

428
00:18:46,600 --> 00:18:48,679
Speaker 1: the headlines. I'm not gonna let my emotions be the

429
00:18:48,720 --> 00:18:50,800
Speaker 1: thing that directs where money goes and how it is

430
00:18:50,800 --> 00:18:52,800
Speaker 1: that I'm going to invest. All right, it makes me think, So,

431
00:18:53,000 --> 00:18:56,000
Speaker 1: you know, the headlights on my car they're kind of foggy.

432
00:18:56,040 --> 00:18:57,720
Speaker 1: I need to get one of those like headlight repair

433
00:18:57,800 --> 00:19:00,600
Speaker 1: kids or I guess I think you can actually like it, right, Yeah,

434
00:19:00,720 --> 00:19:03,280
Speaker 1: they're good for like a year. Yeah, okay, maybe two years.

435
00:19:03,280 --> 00:19:05,720
Speaker 1: I did it a couple of times with our old Volkswagon.

436
00:19:05,840 --> 00:19:08,439
Speaker 1: But uh man, it definitely feels good for like a

437
00:19:08,440 --> 00:19:10,000
Speaker 1: few months. After that, it's like, oh my gosh, it's

438
00:19:10,000 --> 00:19:11,719
Speaker 1: like I've got a brand new car. Yeah, your investment

439
00:19:11,720 --> 00:19:13,879
Speaker 1: plan can last longer than that. But just I don't know,

440
00:19:14,000 --> 00:19:15,440
Speaker 1: just brought that up in my mind when you give

441
00:19:15,440 --> 00:19:18,240
Speaker 1: that analogy, But I think too, Yeah, that investment plan

442
00:19:18,359 --> 00:19:22,040
Speaker 1: can be as simple as writing out something like this. Okay,

443
00:19:22,080 --> 00:19:24,400
Speaker 1: since I'm twenty five with a super long time horizon

444
00:19:24,440 --> 00:19:26,240
Speaker 1: before I need this money, I'm going to be a

445
00:19:26,920 --> 00:19:29,280
Speaker 1: invested in stocks every month. Sounds good. I'm going to

446
00:19:29,320 --> 00:19:32,199
Speaker 1: set aside five hundred dollars so that when the new

447
00:19:32,280 --> 00:19:34,600
Speaker 1: year comes around, I can make a max contribution to

448
00:19:34,600 --> 00:19:37,040
Speaker 1: my roth Ira Lum. I'm investing all about it exactly,

449
00:19:37,119 --> 00:19:39,240
Speaker 1: and then it's going to be in low cost index funds.

450
00:19:39,359 --> 00:19:41,000
Speaker 1: It can be that basic, like it doesn't have to

451
00:19:41,040 --> 00:19:42,960
Speaker 1: even go beyond that. It doesn't need to be you know,

452
00:19:43,040 --> 00:19:45,240
Speaker 1: multi pages. And actually if it's multi page you're probably

453
00:19:45,240 --> 00:19:48,719
Speaker 1: doing it totally. Yeah, I completely agree with that. Man.

454
00:19:48,720 --> 00:19:50,400
Speaker 1: I think having like a little summary, like a little

455
00:19:50,400 --> 00:19:52,360
Speaker 1: snapshot of something that you can refer back to when

456
00:19:52,400 --> 00:19:53,800
Speaker 1: you are kind of like like what are we doing,

457
00:19:53,840 --> 00:19:55,639
Speaker 1: Like should we be maybe taking advantage of some of

458
00:19:55,640 --> 00:19:57,480
Speaker 1: these other things that we're seeing. Like it's like something

459
00:19:57,560 --> 00:19:59,240
Speaker 1: you know, Joe blow down the street he invested in

460
00:19:59,560 --> 00:20:01,159
Speaker 1: you know, tell the last year and you know, I

461
00:20:01,200 --> 00:20:03,080
Speaker 1: don't even know what an increase. We've talked about it before,

462
00:20:03,080 --> 00:20:05,560
Speaker 1: but like it blew up last year. But you never

463
00:20:05,640 --> 00:20:07,679
Speaker 1: know what a single stock is gonna do. And now

464
00:20:07,720 --> 00:20:09,520
Speaker 1: they bought a private island and I'm like over here

465
00:20:09,560 --> 00:20:11,680
Speaker 1: just like still shipping away at my job. It's true,

466
00:20:11,720 --> 00:20:14,160
Speaker 1: but you know, even still if you're looking for maybe

467
00:20:14,160 --> 00:20:16,600
Speaker 1: a touch more guidance, you know, in the example you gave,

468
00:20:16,680 --> 00:20:18,920
Speaker 1: like we're talking about going a hun percent in stocks,

469
00:20:19,359 --> 00:20:22,680
Speaker 1: but another consideration is you can maybe hit the diversification

470
00:20:22,720 --> 00:20:26,320
Speaker 1: easy button, and in that case, target date retirement funds

471
00:20:26,400 --> 00:20:28,879
Speaker 1: are your best bets. And I think they makes sense

472
00:20:28,880 --> 00:20:31,720
Speaker 1: for a whole lot of people, especially folks who want

473
00:20:31,760 --> 00:20:35,800
Speaker 1: to think about asset allocation as little as possible, right,

474
00:20:36,119 --> 00:20:38,760
Speaker 1: I mean I feel like they're very similar as like

475
00:20:38,800 --> 00:20:40,280
Speaker 1: a crock pot. You know, you just said it, you

476
00:20:40,320 --> 00:20:42,520
Speaker 1: forget it. You don't have to revisit the thing. No

477
00:20:42,600 --> 00:20:44,320
Speaker 1: need to to use a whole lot of brain power here.

478
00:20:44,520 --> 00:20:47,000
Speaker 1: That's pretty nice, except that, like a crock pot, that's

479
00:20:47,000 --> 00:20:48,560
Speaker 1: really nice, especially when you have as little as I

480
00:20:48,560 --> 00:20:50,919
Speaker 1: have despair. So that's true. But here's the thing. Like

481
00:20:50,960 --> 00:20:52,920
Speaker 1: a crock pot doesn't like revisit what you got in

482
00:20:52,920 --> 00:20:54,400
Speaker 1: the pot and look at it and it's just like, oh,

483
00:20:54,440 --> 00:20:56,800
Speaker 1: you need to add some more seasoning here. Like that's

484
00:20:56,800 --> 00:20:59,119
Speaker 1: what target date funds do, Like they actively look at

485
00:20:59,119 --> 00:21:01,760
Speaker 1: what's going on and automatically rebalance. And that's part of

486
00:21:01,760 --> 00:21:04,560
Speaker 1: what makes target date funds so amazing. It's even better

487
00:21:04,560 --> 00:21:06,280
Speaker 1: than a croc pie. Really, you know, it's like having

488
00:21:06,280 --> 00:21:08,679
Speaker 1: a personal chef. It's like a like a personal robot

489
00:21:08,720 --> 00:21:11,600
Speaker 1: chef mixed together with a crockpie. There you go. Well,

490
00:21:11,640 --> 00:21:13,720
Speaker 1: and and the nice thing too about target d ave

491
00:21:13,760 --> 00:21:16,199
Speaker 1: funds is that they're almost all super low cost, so

492
00:21:16,240 --> 00:21:18,879
Speaker 1: you know to worry about like oftentimes if you're picking

493
00:21:18,960 --> 00:21:22,520
Speaker 1: other individual funds that aren't index funds, the fees, the

494
00:21:22,560 --> 00:21:24,960
Speaker 1: expense ratios on those funds can really add up. But

495
00:21:25,000 --> 00:21:27,640
Speaker 1: target Dave funds are you know, because there's so much

496
00:21:27,720 --> 00:21:30,199
Speaker 1: money invested in those funds and they are kind of

497
00:21:30,200 --> 00:21:32,159
Speaker 1: set it and forget it. There are a lot cheaper

498
00:21:32,240 --> 00:21:33,359
Speaker 1: and and you know they're not going to be a

499
00:21:33,440 --> 00:21:36,239
Speaker 1: drag on your earnings, which is nice. But target dave

500
00:21:36,280 --> 00:21:40,280
Speaker 1: funds are potentially not risky enough for younger investors, and

501
00:21:40,280 --> 00:21:42,520
Speaker 1: it's important to mention that too. That's why Matt and

502
00:21:42,560 --> 00:21:44,879
Speaker 1: I were fans of people in the wealth building phase

503
00:21:44,920 --> 00:21:47,600
Speaker 1: of their life being a hundred percent invested in stocks.

504
00:21:47,960 --> 00:21:50,240
Speaker 1: If you have that risk appetite we were talking about earlier,

505
00:21:50,280 --> 00:21:52,280
Speaker 1: if you can stay the course when the market is

506
00:21:52,320 --> 00:21:55,399
Speaker 1: experiencing lots of volatility. Also too, I just mentioned, you

507
00:21:55,400 --> 00:21:58,159
Speaker 1: know target date funds have low expense ratios. Well, it

508
00:21:58,160 --> 00:22:00,280
Speaker 1: turns out that those total market funds are the chapest

509
00:22:00,320 --> 00:22:03,160
Speaker 1: funds around there, even cheaper than those target date funds.

510
00:22:03,160 --> 00:22:06,000
Speaker 1: So like vanguards VOO or v t s a X

511
00:22:06,000 --> 00:22:09,440
Speaker 1: are worthwhile option sacks you like your That's how people

512
00:22:09,440 --> 00:22:13,199
Speaker 1: say it. Okay, it's just fun to say sacks and

513
00:22:13,200 --> 00:22:15,119
Speaker 1: then like fidelis, I don't know if I'm saying this one.

514
00:22:15,119 --> 00:22:18,000
Speaker 1: Matt tell me f Z rocks. I think they intentionally

515
00:22:18,240 --> 00:22:20,560
Speaker 1: chose an acronym that was also fun to say, because

516
00:22:20,720 --> 00:22:23,000
Speaker 1: they're they're literally going, you know, toe to toe with

517
00:22:23,080 --> 00:22:26,679
Speaker 1: VT Sacks. They're like, okay, hello's can we top Sacks.

518
00:22:27,080 --> 00:22:28,840
Speaker 1: They're like, oh, I guess that's not that hard. Actually

519
00:22:30,520 --> 00:22:32,520
Speaker 1: we could just say rocks because Sacks makes you think

520
00:22:32,560 --> 00:22:36,720
Speaker 1: Kenny g and you know, depending on like where roses

521
00:22:36,760 --> 00:22:40,159
Speaker 1: and romance. Yeah, it's either cool or not, depending on

522
00:22:40,200 --> 00:22:41,840
Speaker 1: you know, the age back here and I guess, but yeah,

523
00:22:42,119 --> 00:22:43,560
Speaker 1: something else too. I mean, if you do want to

524
00:22:43,560 --> 00:22:45,840
Speaker 1: go with like a target date fund, I think even

525
00:22:45,920 --> 00:22:49,320
Speaker 1: choosing retirement date that's maybe five or ten years beyond

526
00:22:49,440 --> 00:22:52,240
Speaker 1: when you actually are looking to retire, that's a way

527
00:22:52,280 --> 00:22:54,600
Speaker 1: to kind of get the benefits of that automatic rebalancing

528
00:22:54,800 --> 00:22:58,120
Speaker 1: while also skewing slightly towards having something that's a little

529
00:22:58,119 --> 00:23:00,600
Speaker 1: bit more aggressive. Yeah. True. But we'll put links to

530
00:23:00,600 --> 00:23:01,919
Speaker 1: some of these funds that we're talking about in the

531
00:23:01,920 --> 00:23:05,000
Speaker 1: show notes, including some of our favorite target date funds too.

532
00:23:05,080 --> 00:23:07,600
Speaker 1: But it's important if you're kind of beginning your investing journey.

533
00:23:07,800 --> 00:23:09,960
Speaker 1: I think that considering one of the total stock market

534
00:23:09,960 --> 00:23:12,679
Speaker 1: funds as a place to put most or all of

535
00:23:12,760 --> 00:23:16,200
Speaker 1: your investment dollars is well worth you considering, that's right,

536
00:23:16,320 --> 00:23:18,080
Speaker 1: And so you know, this also kind of brings up

537
00:23:18,080 --> 00:23:20,000
Speaker 1: another popular question that we get, which is, you know,

538
00:23:20,040 --> 00:23:23,080
Speaker 1: folks don't know much about diversification. They kind of just

539
00:23:23,119 --> 00:23:25,080
Speaker 1: assume that they need to pick a few different funds

540
00:23:25,240 --> 00:23:28,359
Speaker 1: to invest in. One fund not enough, yeah, exactly, And

541
00:23:28,400 --> 00:23:30,880
Speaker 1: so like, isn't having all my money and one fund

542
00:23:30,920 --> 00:23:33,080
Speaker 1: sort of like putting all my eggs in one basket,

543
00:23:33,320 --> 00:23:36,560
Speaker 1: you know, back in Holland. And and that is a

544
00:23:36,560 --> 00:23:40,080
Speaker 1: good question. But you know, one fund isn't necessarily diversified enough,

545
00:23:40,320 --> 00:23:42,720
Speaker 1: but it can be if you choose the right one.

546
00:23:43,040 --> 00:23:44,639
Speaker 1: And so, yeah, Joel, you know, you and I we

547
00:23:44,760 --> 00:23:47,439
Speaker 1: do believe that that just going with one target date

548
00:23:47,440 --> 00:23:50,400
Speaker 1: fund or going with one total stock market fund can

549
00:23:50,480 --> 00:23:54,120
Speaker 1: provide you with the proper amount of diversification that you need.

550
00:23:54,359 --> 00:23:56,520
Speaker 1: And there are some people that feel differently and they

551
00:23:56,520 --> 00:23:59,600
Speaker 1: would disagree with and that's okay. Um I would be

552
00:23:59,640 --> 00:24:01,960
Speaker 1: willing to talk to any of them any day. It's

553
00:24:02,000 --> 00:24:04,080
Speaker 1: it's fine, like it's and it's okay that we might

554
00:24:04,119 --> 00:24:06,080
Speaker 1: differ on that. But you know, Matt and I feel

555
00:24:06,119 --> 00:24:08,520
Speaker 1: like We're also in pretty good company here when when

556
00:24:08,560 --> 00:24:10,880
Speaker 1: we say this, when we say that choosing just one

557
00:24:10,920 --> 00:24:13,840
Speaker 1: of those funds is an okay way, is is a

558
00:24:13,840 --> 00:24:16,280
Speaker 1: good route for people to consider. Uh, A lot of

559
00:24:16,359 --> 00:24:18,720
Speaker 1: experts like you know, good pal friend of the show,

560
00:24:18,720 --> 00:24:22,560
Speaker 1: Warren Buffett, that's right, he's been on many times. Sadly, no,

561
00:24:23,000 --> 00:24:26,000
Speaker 1: maybe one of these days. Jack Bogel, the amazing that

562
00:24:26,040 --> 00:24:28,680
Speaker 1: would be cool, the founder of Vanguard. You know, he's

563
00:24:28,720 --> 00:24:30,639
Speaker 1: he's with us on that. And then yeah, exactly if

564
00:24:30,680 --> 00:24:33,040
Speaker 1: you disagree with us, you're disagreeing with Jack Bogel, Yeah,

565
00:24:33,119 --> 00:24:35,280
Speaker 1: and Warren Buffett and Jail Collins, who's actually has been

566
00:24:35,320 --> 00:24:39,560
Speaker 1: on the show, and those guys stress investing exactly along

567
00:24:39,600 --> 00:24:41,840
Speaker 1: the lines that were describing, and in fact, Matt Warren

568
00:24:41,880 --> 00:24:44,720
Speaker 1: Buffett has been quoted actually he said that once he dies,

569
00:24:44,960 --> 00:24:48,040
Speaker 1: he wants of his money in a low cost SMP

570
00:24:48,119 --> 00:24:51,399
Speaker 1: five index fund. He said, preferably Vanguards, although I will

571
00:24:51,400 --> 00:24:53,560
Speaker 1: say FC Rocks was not in existence at that time,

572
00:24:53,720 --> 00:24:56,320
Speaker 1: but I think he would say either is great. Yeah,

573
00:24:56,400 --> 00:24:58,040
Speaker 1: but the other ten percent he said to put in

574
00:24:58,080 --> 00:25:01,560
Speaker 1: short term government bonds. And I guess, Matt, I think

575
00:25:01,600 --> 00:25:05,159
Speaker 1: if if it's diversified enough for those fellas. It's diversified

576
00:25:05,280 --> 00:25:06,960
Speaker 1: enough for what we're trying to achieve and what our

577
00:25:06,960 --> 00:25:09,600
Speaker 1: listeners should be trying to achieve. They don't necessarily need

578
00:25:09,640 --> 00:25:12,440
Speaker 1: to go beyond those bounds, um in order to have

579
00:25:12,480 --> 00:25:15,280
Speaker 1: a diversified portfolio and feel comfortable about it. Yeah, that's right.

580
00:25:15,320 --> 00:25:17,920
Speaker 1: And and and that quote was specifically applying to the money

581
00:25:17,960 --> 00:25:20,040
Speaker 1: that would be left for his wife, because you know,

582
00:25:20,119 --> 00:25:21,760
Speaker 1: he's like, if I die, no one, no one's here

583
00:25:21,760 --> 00:25:23,240
Speaker 1: to manage money. It's like, it doesn't really need to

584
00:25:23,280 --> 00:25:25,119
Speaker 1: be managed. Just make sure it is in you know,

585
00:25:25,200 --> 00:25:28,600
Speaker 1: the sp five hundred fund. Make sure it's invested well. Uh,

586
00:25:28,640 --> 00:25:30,440
Speaker 1: and she's gonna be totally fine, she'll be well taken,

587
00:25:30,480 --> 00:25:33,119
Speaker 1: she'll be set. And it's and so of course too.

588
00:25:33,200 --> 00:25:36,440
Speaker 1: You know. The reason that these index funds are enough diversification,

589
00:25:36,920 --> 00:25:39,280
Speaker 1: uh like in and of themselves is because each fund

590
00:25:39,600 --> 00:25:42,439
Speaker 1: is made up of of hundreds or even thousands of

591
00:25:42,600 --> 00:25:46,120
Speaker 1: individual stocks. If you're invested in a SMP five hundred fund,

592
00:25:46,359 --> 00:25:48,720
Speaker 1: you've got around five hundred different stocks in that one

593
00:25:48,840 --> 00:25:51,960
Speaker 1: index fund. That's why it's called the SMP five hundred. Uh.

594
00:25:52,000 --> 00:25:54,960
Speaker 1: If you own a total stock market fund, like VT Sachs,

595
00:25:55,240 --> 00:25:59,000
Speaker 1: then you own around thirty five hundred different stocks. So,

596
00:25:59,240 --> 00:26:01,240
Speaker 1: like going back to the eggs in a basket analogy,

597
00:26:01,480 --> 00:26:03,439
Speaker 1: like forget having all your eggs in one basket, how

598
00:26:03,440 --> 00:26:06,320
Speaker 1: about like a few thousand baskets, because that's essentially what's

599
00:26:06,320 --> 00:26:08,080
Speaker 1: going on here. They're gonna be tiny eggs. It's still

600
00:26:08,920 --> 00:26:12,320
Speaker 1: the robin egg. Uh, And so in this way, it's

601
00:26:12,359 --> 00:26:14,960
Speaker 1: it's obviously that's not possible in real life, right, because

602
00:26:15,000 --> 00:26:18,760
Speaker 1: you can't take ten eggs and diversify them over you know,

603
00:26:18,800 --> 00:26:22,560
Speaker 1: thirty different baskets. But with investing, you can. And that's

604
00:26:22,560 --> 00:26:24,880
Speaker 1: one of the amazing things about index funds. That's why

605
00:26:24,920 --> 00:26:27,000
Speaker 1: we're huge fans of them. And we're kind of getting

606
00:26:27,040 --> 00:26:28,520
Speaker 1: a little ahead of ourselves as to how it is

607
00:26:28,520 --> 00:26:31,400
Speaker 1: that we invest, but you know, not surprisingly we're big

608
00:26:31,440 --> 00:26:33,600
Speaker 1: fans of index funds for sure. Well let's get there.

609
00:26:33,680 --> 00:26:35,840
Speaker 1: Let's talk about how we invest, and like you know, Matt,

610
00:26:35,960 --> 00:26:38,359
Speaker 1: we're gonna get into bitcoin actually because you've made a

611
00:26:38,400 --> 00:26:40,480
Speaker 1: recent play there, and we'll talk about that a little

612
00:26:40,480 --> 00:26:42,840
Speaker 1: bit too. But um, yeah, how we invest our money.

613
00:26:42,880 --> 00:26:45,680
Speaker 1: We'll get to some specifics and we'll reveal that stuff

614
00:26:45,760 --> 00:26:57,040
Speaker 1: right after this break. We're back from the break. Now

615
00:26:57,080 --> 00:26:59,639
Speaker 1: we're actually going to reveal how we invest our money.

616
00:26:59,840 --> 00:27:02,840
Speaker 1: And Matt, you recently made a play into bitcoins, so

617
00:27:02,840 --> 00:27:04,800
Speaker 1: I want to talk about that. But as part of

618
00:27:04,800 --> 00:27:08,320
Speaker 1: a small diversification strategy, it's important to note that we

619
00:27:08,400 --> 00:27:11,960
Speaker 1: are okay with people taking a couple of moonshot chances,

620
00:27:11,960 --> 00:27:15,640
Speaker 1: Like that's like the hip term these days, right, Like, yeah,

621
00:27:16,119 --> 00:27:19,640
Speaker 1: di'mon hands baby, right, But it's important for us and

622
00:27:19,640 --> 00:27:22,160
Speaker 1: and we think for for you guys to keep those

623
00:27:22,200 --> 00:27:26,199
Speaker 1: shots to five or less of your overall portfolio. I

624
00:27:26,200 --> 00:27:28,680
Speaker 1: think you can think of it as like a pressure

625
00:27:28,720 --> 00:27:30,760
Speaker 1: relief out. You're talking about crock pots earlier on your

626
00:27:30,800 --> 00:27:33,240
Speaker 1: instant pot, right, Like you gotta put that thing out

627
00:27:33,280 --> 00:27:35,720
Speaker 1: so you can. Like, Actually, crock pots way different than

628
00:27:35,800 --> 00:27:39,199
Speaker 1: instant pots. For sure, similar similar, but pot doesn't have

629
00:27:39,200 --> 00:27:41,280
Speaker 1: the release found but the instant pot does. Instant pots

630
00:27:41,320 --> 00:27:43,600
Speaker 1: are way more efficient, that's true. Like we actually don't

631
00:27:43,600 --> 00:27:47,359
Speaker 1: even have a crock pot in our house. But Kate, however,

632
00:27:47,800 --> 00:27:49,800
Speaker 1: loves the instant pot. We use it all the stinking times.

633
00:27:50,600 --> 00:27:52,440
Speaker 1: Literally used it yesterday to make some grits. If you've

634
00:27:52,440 --> 00:27:54,320
Speaker 1: never used grits with the non stick insert on the

635
00:27:54,320 --> 00:27:57,200
Speaker 1: instant pot. You can knock out grits in like five minutes.

636
00:27:57,240 --> 00:28:00,000
Speaker 1: Made it. Our Northern listeners are like, what are grits?

637
00:28:00,920 --> 00:28:03,080
Speaker 1: I mean it's milled corn. Uh, But don't get it

638
00:28:03,119 --> 00:28:05,440
Speaker 1: confused with cream of wheat because it's very different. It's

639
00:28:05,440 --> 00:28:07,440
Speaker 1: a very Southern thing too. Yeah all right, but yeah,

640
00:28:07,760 --> 00:28:11,000
Speaker 1: this small percentage of your portfolio that you're able to

641
00:28:11,040 --> 00:28:13,760
Speaker 1: take some extra risk with really acts as this pressure

642
00:28:13,800 --> 00:28:16,240
Speaker 1: relief valve so that you don't get too much fomo

643
00:28:16,280 --> 00:28:18,640
Speaker 1: when you are reading those headlines. Having a small bit

644
00:28:18,640 --> 00:28:21,160
Speaker 1: of play money can really help you stay the course

645
00:28:21,200 --> 00:28:24,080
Speaker 1: for the long term. In the more boring index funds

646
00:28:24,080 --> 00:28:26,960
Speaker 1: that we're fans of, with the vast majority of your portfolio,

647
00:28:27,080 --> 00:28:28,760
Speaker 1: just have that small amount to mess with can help

648
00:28:28,760 --> 00:28:30,760
Speaker 1: your brain continue to do the boring thing with the

649
00:28:30,840 --> 00:28:34,880
Speaker 1: vast majority. Yeah, keeps you from exploding your investments, exploding

650
00:28:34,880 --> 00:28:37,119
Speaker 1: your portfolio. But yeah, that's that's exactly what I did

651
00:28:37,160 --> 00:28:38,960
Speaker 1: with bitcoin earlier this year. I feel like it's a

652
00:28:38,960 --> 00:28:41,560
Speaker 1: technology that continues to kind of show a lot of promise,

653
00:28:41,680 --> 00:28:44,040
Speaker 1: and so I jumped in. Actually I didn't like jump

654
00:28:44,080 --> 00:28:46,200
Speaker 1: in per se. It's more like kind of dipping a

655
00:28:46,240 --> 00:28:49,440
Speaker 1: toe in the waters of cryptocurrency. But you know, like

656
00:28:49,480 --> 00:28:51,520
Speaker 1: I've got very little interest in the latest like hot

657
00:28:51,520 --> 00:28:53,280
Speaker 1: stocks of the day, you know, the different meme stocks

658
00:28:53,320 --> 00:28:55,760
Speaker 1: like we're talking about like game Stop, r AMC. But

659
00:28:55,800 --> 00:28:58,560
Speaker 1: I have felt a sense of fomo for not owning

660
00:28:58,600 --> 00:29:00,960
Speaker 1: any any crypto. And so just like we've always said

661
00:29:00,960 --> 00:29:02,240
Speaker 1: on the show, you know, if you want to have

662
00:29:02,600 --> 00:29:04,840
Speaker 1: you know, five percent of your portfolio and do some

663
00:29:04,880 --> 00:29:08,240
Speaker 1: more speculative purchases, go for it. And so in our case,

664
00:29:08,320 --> 00:29:10,200
Speaker 1: you know, I placed a very small percentage of my

665
00:29:10,240 --> 00:29:12,800
Speaker 1: overall portfolio. It's actually less than five percent. So you're

666
00:29:12,800 --> 00:29:16,440
Speaker 1: only on fifteen bitcoins, is what you're saying. Yeah, please, uh,

667
00:29:16,800 --> 00:29:20,120
Speaker 1: I put less than five percent, you know, way fewer, dude.

668
00:29:20,120 --> 00:29:22,520
Speaker 1: I think. I like it's like point like zero, like

669
00:29:22,640 --> 00:29:26,480
Speaker 1: one percent series, it's like point yeah, it's like point

670
00:29:26,560 --> 00:29:28,800
Speaker 1: zero one five or I don't even know. It's it's

671
00:29:28,840 --> 00:29:31,520
Speaker 1: such a small percentage of actual bitcoin that I own.

672
00:29:31,840 --> 00:29:33,880
Speaker 1: But it's a dollar mouth though. That wouldn't crush me

673
00:29:34,160 --> 00:29:35,880
Speaker 1: if it were to tank, you know, and like even

674
00:29:35,920 --> 00:29:38,480
Speaker 1: if it completely evaporates and go to zero, sure, like

675
00:29:38,480 --> 00:29:40,400
Speaker 1: it would totally suck. But I'm going to be okay

676
00:29:40,440 --> 00:29:42,360
Speaker 1: with that, and so you know, just like with my

677
00:29:42,480 --> 00:29:45,000
Speaker 1: retirement accounts, I'm in it for the long haul. But

678
00:29:45,040 --> 00:29:46,520
Speaker 1: even still, you know that being said, at the time

679
00:29:46,560 --> 00:29:49,120
Speaker 1: of recording this, it is up sixtent and so that's

680
00:29:49,120 --> 00:29:50,680
Speaker 1: it's nice. It's nice to kind of feel like you're

681
00:29:50,760 --> 00:29:52,680
Speaker 1: kind of jumping in on that a little bit. Like

682
00:29:52,720 --> 00:29:55,680
Speaker 1: in that same way, I felt good once Tesla joined

683
00:29:55,680 --> 00:29:57,480
Speaker 1: the SMP five hundred because that was one of those

684
00:29:57,480 --> 00:29:58,960
Speaker 1: things where I'm just like, dang it, I feel like

685
00:29:59,000 --> 00:30:00,920
Speaker 1: I'm kind of missing out a little bit. I don't

686
00:30:01,000 --> 00:30:03,280
Speaker 1: do single stock investing. But then they kind of got

687
00:30:03,280 --> 00:30:06,440
Speaker 1: inducted into the SMP and I was very Yeah, I

688
00:30:06,440 --> 00:30:08,040
Speaker 1: was happy. I was like, sweet, I think like two

689
00:30:08,080 --> 00:30:10,760
Speaker 1: percent uh the sp F hundred is made up of Tesla,

690
00:30:11,000 --> 00:30:13,520
Speaker 1: which may be very happy. I'm like perfect, that's that's

691
00:30:13,520 --> 00:30:15,280
Speaker 1: exactly maybe what I would have done anyway, like a

692
00:30:15,360 --> 00:30:18,480
Speaker 1: very small percentage outside of actual index funds in a

693
00:30:18,520 --> 00:30:20,560
Speaker 1: single stock like that. Uh. And so that checked the

694
00:30:20,560 --> 00:30:22,680
Speaker 1: box for me. There you go. And so that's like

695
00:30:22,720 --> 00:30:24,320
Speaker 1: how you're doing some play money with big ones, but

696
00:30:24,360 --> 00:30:26,000
Speaker 1: you don't really again a very small amount of anything

697
00:30:26,040 --> 00:30:27,720
Speaker 1: else that you've done play money with it, no big

698
00:30:27,720 --> 00:30:30,280
Speaker 1: coins like the first thing, right, And like I personally,

699
00:30:30,280 --> 00:30:32,640
Speaker 1: I'm not really felt the need to pursue any sort

700
00:30:32,680 --> 00:30:36,040
Speaker 1: of pressure relief valve strategy yet, although I could see

701
00:30:36,080 --> 00:30:38,160
Speaker 1: myself doing a bit of that potentially in the future,

702
00:30:38,440 --> 00:30:40,560
Speaker 1: But for the time being, all of our families retirement

703
00:30:40,560 --> 00:30:43,000
Speaker 1: assets are in four one ks and roth iras and

704
00:30:43,000 --> 00:30:45,520
Speaker 1: there with Vanguard and Fidelity except what my wife has

705
00:30:45,560 --> 00:30:47,880
Speaker 1: this small four one K with a previous employer, but

706
00:30:48,120 --> 00:30:50,320
Speaker 1: fortunately the costs are super low there, so we've kept

707
00:30:50,360 --> 00:30:53,160
Speaker 1: that where it is. But inside of those accounts we

708
00:30:53,160 --> 00:30:57,200
Speaker 1: are almost exclusively invested in VT sacks and f Z rocks,

709
00:30:57,200 --> 00:30:59,240
Speaker 1: which are the two funds that we mentioned earlier. I

710
00:30:59,280 --> 00:31:01,600
Speaker 1: do have a small amount of our retirement assets and

711
00:31:01,640 --> 00:31:04,680
Speaker 1: a small cap fund with Vanguard two. The great thing

712
00:31:04,920 --> 00:31:07,600
Speaker 1: is that with our portfolio set up this way, we

713
00:31:07,760 --> 00:31:10,720
Speaker 1: barely have to think about it. We keep on investing

714
00:31:10,800 --> 00:31:13,600
Speaker 1: month after month, automatically buying more shares of each of

715
00:31:13,600 --> 00:31:15,920
Speaker 1: these funds. But that's actually my favorite part of the

716
00:31:15,960 --> 00:31:19,040
Speaker 1: strategy is that really none of your mental bandwidth has

717
00:31:19,080 --> 00:31:20,800
Speaker 1: to go to thinking about it. It just kind of

718
00:31:20,840 --> 00:31:24,200
Speaker 1: like is set on autopilot. Also to we we hold

719
00:31:24,480 --> 00:31:26,600
Speaker 1: a fair amount of cash on hand, and you know,

720
00:31:26,680 --> 00:31:29,280
Speaker 1: I think that's actually part of my diversification strategies, to

721
00:31:29,280 --> 00:31:32,120
Speaker 1: have more cash than even six months of an emergency fund.

722
00:31:32,360 --> 00:31:34,440
Speaker 1: And that's not actually so we can take advantage of

723
00:31:34,600 --> 00:31:37,240
Speaker 1: market dips. I know some people like to play that game.

724
00:31:37,320 --> 00:31:39,640
Speaker 1: I don't play that game either. I just dollar cost

725
00:31:39,680 --> 00:31:41,440
Speaker 1: average every single month. I put money in the market

726
00:31:41,640 --> 00:31:44,280
Speaker 1: every single month, like clockwork. But it is so that

727
00:31:44,320 --> 00:31:46,840
Speaker 1: I can cobble together the down payment on a property,

728
00:31:47,560 --> 00:31:50,040
Speaker 1: a rental property, if the right one comes along. That's

729
00:31:50,080 --> 00:31:52,600
Speaker 1: kind of why I like to keep extra cash in

730
00:31:52,600 --> 00:31:54,760
Speaker 1: in the bank account, because you never know when a

731
00:31:54,800 --> 00:31:56,720
Speaker 1: sweet local real estate deal is going to pop up

732
00:31:56,760 --> 00:31:58,680
Speaker 1: and and I'm gonna want to pounce. That's right. Yeah,

733
00:31:58,680 --> 00:32:00,640
Speaker 1: folks have heard us talk about realist it investing over

734
00:32:00,640 --> 00:32:02,600
Speaker 1: the years. Uh And obviously you know that that's the

735
00:32:02,600 --> 00:32:04,480
Speaker 1: outside of the scope of what we're talking about today,

736
00:32:04,520 --> 00:32:07,280
Speaker 1: but it is important to mention owning a few properties

737
00:32:07,400 --> 00:32:11,040
Speaker 1: locally where we live. It's it's a helpful diversification strategy overall.

738
00:32:11,120 --> 00:32:12,800
Speaker 1: Plus it's something that that you and I, you know,

739
00:32:12,840 --> 00:32:15,000
Speaker 1: we really enjoyed and it does provide a nice monthly

740
00:32:15,040 --> 00:32:17,640
Speaker 1: cash flow as well. Uh, and so that was how

741
00:32:17,720 --> 00:32:19,520
Speaker 1: Joel invests his money. Now we're gonna get to my

742
00:32:19,600 --> 00:32:22,320
Speaker 1: big reveal. Uh. You know, outside of the very small

743
00:32:22,320 --> 00:32:24,200
Speaker 1: amount of money I have in bitcoin, I have one

744
00:32:24,840 --> 00:32:28,440
Speaker 1: of my retirement invested in one single fund, which is

745
00:32:28,720 --> 00:32:31,719
Speaker 1: vou v o O. Uh. That's actually the one that

746
00:32:31,760 --> 00:32:34,960
Speaker 1: warm Buffett told you know whoever to to put money

747
00:32:35,000 --> 00:32:37,520
Speaker 1: in two for his wife, like after he were to pass.

748
00:32:37,720 --> 00:32:40,800
Speaker 1: So that's Vanguard's smp F E t F. So it's

749
00:32:40,880 --> 00:32:43,280
Speaker 1: super diversified. It has an expense ratio of like point

750
00:32:43,360 --> 00:32:46,520
Speaker 1: zero three percent. And again that's point zero three percent.

751
00:32:46,600 --> 00:32:49,560
Speaker 1: It's not three percent, it's point zero three percent. So

752
00:32:49,600 --> 00:32:53,440
Speaker 1: it's virtually free. And I'm planning to continue that for

753
00:32:53,600 --> 00:32:56,640
Speaker 1: a long long time, uh, maybe even into retirement. Again

754
00:32:56,640 --> 00:32:59,240
Speaker 1: because we have rental properties, because we do have some

755
00:32:59,320 --> 00:33:02,520
Speaker 1: cash flow. Uh, it has an ability to offset expenses

756
00:33:02,560 --> 00:33:04,760
Speaker 1: for us, which means that in the future we're gonna

757
00:33:04,800 --> 00:33:07,200
Speaker 1: be hopefully drawing less on some of those funds that

758
00:33:07,240 --> 00:33:09,920
Speaker 1: we have invested in the market. Yeah. And again, so

759
00:33:10,000 --> 00:33:11,960
Speaker 1: much of that has to do with like your your

760
00:33:12,000 --> 00:33:15,160
Speaker 1: desire to even hold stocks into retirement, like for most

761
00:33:15,200 --> 00:33:17,320
Speaker 1: people that's not a good idea. But if you live

762
00:33:17,360 --> 00:33:19,160
Speaker 1: frugally and you have a paid off mortgage, and you

763
00:33:19,160 --> 00:33:21,479
Speaker 1: have real estate that's producing a monthly income, and you

764
00:33:21,560 --> 00:33:24,240
Speaker 1: desire to leave an inheritance to your kids, I mean

765
00:33:24,240 --> 00:33:27,520
Speaker 1: that that can be a reason why somebody in their sixties, seventies,

766
00:33:27,560 --> 00:33:30,320
Speaker 1: eighties might want to continue to have massive amounts of

767
00:33:30,320 --> 00:33:33,240
Speaker 1: stock exposure, whereas you know, most people in in that

768
00:33:33,400 --> 00:33:35,600
Speaker 1: phase of life really shouldn't, you know, That's right. Yeah,

769
00:33:35,600 --> 00:33:38,120
Speaker 1: I remember Jail Collins saying specifically, like what he called

770
00:33:38,120 --> 00:33:41,000
Speaker 1: that was something along the lines of investing for future generations.

771
00:33:41,160 --> 00:33:43,080
Speaker 1: And literally it's just like, well, why would you ever

772
00:33:43,960 --> 00:33:46,480
Speaker 1: downgrade your investments from something like the total Stock Market

773
00:33:46,480 --> 00:33:49,680
Speaker 1: Index funds or the SMPF hundred funds that are out there,

774
00:33:49,720 --> 00:33:52,160
Speaker 1: because don't you always want it just to continue to

775
00:33:52,200 --> 00:33:54,280
Speaker 1: grow at the clip that it currently is. And the

776
00:33:54,320 --> 00:33:56,600
Speaker 1: idea is that you don't necessarily need that money, You

777
00:33:56,600 --> 00:33:58,720
Speaker 1: don't need the bulk of that at least in order

778
00:33:58,720 --> 00:34:01,480
Speaker 1: to survive. You're gonna leave the vast majority of that money,

779
00:34:01,680 --> 00:34:03,600
Speaker 1: you know, invested in the market. And granted, this is

780
00:34:03,680 --> 00:34:06,040
Speaker 1: kind of like a far off, you know, like an

781
00:34:06,040 --> 00:34:08,080
Speaker 1: overall plan. That's not where we are right now, but

782
00:34:08,239 --> 00:34:10,160
Speaker 1: it's definitely something that we're kind of looking forward to

783
00:34:10,200 --> 00:34:13,399
Speaker 1: and it feels like it's a strategy that resonates with us. Now. Yeah,

784
00:34:13,400 --> 00:34:16,600
Speaker 1: so okay, now we've revealed how we invest our money.

785
00:34:17,040 --> 00:34:20,520
Speaker 1: I don't think there was anything massively of massive interest

786
00:34:20,560 --> 00:34:22,520
Speaker 1: there like that. We're not gonna see any headlines tomorrow

787
00:34:22,680 --> 00:34:26,400
Speaker 1: about how Matt invests money. But it's just it's just

788
00:34:26,440 --> 00:34:28,520
Speaker 1: not gonna it's not headline making sort of news. Not

789
00:34:28,880 --> 00:34:33,160
Speaker 1: owns bitcoin. Yeah, it's just it's one of those things

790
00:34:33,200 --> 00:34:36,920
Speaker 1: that isn't exciting. It's not sexy, it's not fascinating, right,

791
00:34:36,960 --> 00:34:38,960
Speaker 1: It's not this peak under the hood of something that

792
00:34:39,520 --> 00:34:41,759
Speaker 1: like of a vintage car that's in mint condition, like

793
00:34:41,880 --> 00:34:46,080
Speaker 1: it's it's really just this it's basic chord style investing.

794
00:34:46,320 --> 00:34:48,080
Speaker 1: But I hope that helps at least that people know

795
00:34:48,360 --> 00:34:51,239
Speaker 1: this is exactly how we invest our money in the

796
00:34:51,280 --> 00:34:53,759
Speaker 1: same way that we recommend other people do it. And

797
00:34:53,760 --> 00:34:55,440
Speaker 1: it comes from a place I've having thought about it

798
00:34:55,480 --> 00:34:57,200
Speaker 1: for a long period of time to not not just

799
00:34:57,239 --> 00:34:59,279
Speaker 1: from kind of like pushing the easy button for the

800
00:34:59,320 --> 00:35:02,920
Speaker 1: sake of not having to do any thinking or any research. Truly,

801
00:35:02,920 --> 00:35:05,360
Speaker 1: it's the best way for our families to invest in.

802
00:35:05,560 --> 00:35:08,640
Speaker 1: It's really just the easiest and cheapest way to diversify,

803
00:35:08,800 --> 00:35:12,359
Speaker 1: you know, your your retirement funds, that's right, and diversification right,

804
00:35:12,400 --> 00:35:15,360
Speaker 1: it's it's it's a really important part of investing well.

805
00:35:15,480 --> 00:35:18,359
Speaker 1: Um investing nearly might work in the short term, you know,

806
00:35:18,360 --> 00:35:22,319
Speaker 1: but it'll likely have maybe more negative consequences over the

807
00:35:22,320 --> 00:35:25,160
Speaker 1: long run, or it'll at least take more work. Right,

808
00:35:25,200 --> 00:35:27,239
Speaker 1: If you want to invest in a more sort of

809
00:35:27,360 --> 00:35:29,560
Speaker 1: niche sector that's how you like to say, you like

810
00:35:29,600 --> 00:35:32,799
Speaker 1: to say niche, but or even go in on on

811
00:35:32,840 --> 00:35:34,880
Speaker 1: single stocks, it's gonna take a lot of research. It's

812
00:35:34,920 --> 00:35:36,279
Speaker 1: gonna take a lot of time. A lot of us

813
00:35:36,320 --> 00:35:38,960
Speaker 1: don't have that kind of time on a mental bandwidth. Yeah,

814
00:35:39,040 --> 00:35:41,080
Speaker 1: just that when it comes to investing. Uh. And if

815
00:35:41,120 --> 00:35:43,200
Speaker 1: you're not putting in that time, let's even that's kind

816
00:35:43,200 --> 00:35:45,160
Speaker 1: of like worst news because that means you're just jumping

817
00:35:45,160 --> 00:35:47,160
Speaker 1: on the bandwagon, right, Like you're just saying you're following

818
00:35:47,160 --> 00:35:50,520
Speaker 1: everybody else, and that's speculative investing. Uh. And so if

819
00:35:50,560 --> 00:35:52,120
Speaker 1: that's what you're doing, you need to be prepared to

820
00:35:52,480 --> 00:35:54,160
Speaker 1: be able to lose all of that money, because who

821
00:35:54,160 --> 00:35:57,640
Speaker 1: knows where that actual stock or that quote unquote investment

822
00:35:57,640 --> 00:36:00,160
Speaker 1: will end up, and in a diversification can look different too,

823
00:36:00,200 --> 00:36:02,960
Speaker 1: depending on your age and your risk profile, your risk tolerance.

824
00:36:03,440 --> 00:36:05,040
Speaker 1: But if you want to hit the easy button when

825
00:36:05,040 --> 00:36:07,360
Speaker 1: it comes to diversification, just put all your money in

826
00:36:07,400 --> 00:36:10,200
Speaker 1: a target date retirement fund and then just keep putting

827
00:36:10,200 --> 00:36:12,240
Speaker 1: your money there for years to come. It's the perfect

828
00:36:12,239 --> 00:36:14,640
Speaker 1: way to to not even have to think about your

829
00:36:14,640 --> 00:36:19,080
Speaker 1: asset allocation pretty much. Ever, everything's on autopilot, It rebalances,

830
00:36:19,400 --> 00:36:21,480
Speaker 1: and then you can spend your additional time, your additional

831
00:36:21,560 --> 00:36:24,399
Speaker 1: mental bandwidth on the things that you actually do care about,

832
00:36:24,520 --> 00:36:26,200
Speaker 1: you know, like like I guess I don't. I don't

833
00:36:26,200 --> 00:36:28,040
Speaker 1: want people to feel bad if they feel like that,

834
00:36:28,120 --> 00:36:29,360
Speaker 1: Well that's all I wanna do. I just want to

835
00:36:29,360 --> 00:36:32,560
Speaker 1: do the target d retirement fund. Well that's great. However,

836
00:36:32,600 --> 00:36:34,319
Speaker 1: if you're more interested in it, well then you can

837
00:36:34,360 --> 00:36:35,799
Speaker 1: kind of like move on to the you know, like

838
00:36:35,840 --> 00:36:39,239
Speaker 1: the more slightly more advanced ways of thinking about, you know,

839
00:36:39,280 --> 00:36:42,759
Speaker 1: investing specifically in your retirement. However, if you don't care

840
00:36:42,760 --> 00:36:45,560
Speaker 1: about doing that, a target date fund is great. Yeah,

841
00:36:45,560 --> 00:36:48,000
Speaker 1: I think sometimes simple gets a bad rap right. People

842
00:36:48,040 --> 00:36:50,640
Speaker 1: are like, that's that's just simple, which which they think

843
00:36:50,680 --> 00:36:53,800
Speaker 1: equates to stupid, and that's just not the case. Simple

844
00:36:54,040 --> 00:36:56,320
Speaker 1: is often the best move in a lot of areas

845
00:36:56,360 --> 00:36:59,279
Speaker 1: of life, more simplicity, and I think when it comes

846
00:36:59,280 --> 00:37:03,440
Speaker 1: to investing, sim plicity is vastly underrated. And the simpler

847
00:37:03,480 --> 00:37:05,160
Speaker 1: that we're making them more likely we're gonna stick to it,

848
00:37:05,200 --> 00:37:07,720
Speaker 1: the more likely we're actually gonna build wealth over the years,

849
00:37:07,920 --> 00:37:09,919
Speaker 1: as opposed to trying to toy with things and find

850
00:37:09,920 --> 00:37:14,480
Speaker 1: this nirvana sort of investing strategy, which in all likelihood

851
00:37:14,520 --> 00:37:16,080
Speaker 1: is going to lose you more money than it's going

852
00:37:16,120 --> 00:37:19,080
Speaker 1: to make you. So go basic, go simple, um, and

853
00:37:19,200 --> 00:37:21,680
Speaker 1: get going, is what we would say. Nice. I like it. Well,

854
00:37:21,760 --> 00:37:23,200
Speaker 1: let's get back to the beer we had on the show, Matt.

855
00:37:23,280 --> 00:37:25,560
Speaker 1: This one is called Haptic. It's from Halfway Crooks, one

856
00:37:25,600 --> 00:37:27,799
Speaker 1: of our favorite brewers right up the street. What were

857
00:37:27,800 --> 00:37:29,760
Speaker 1: your thoughts on this? I p a dude, it's called haptic,

858
00:37:29,840 --> 00:37:32,080
Speaker 1: like a haptic touch on your iPhone? Do you have

859
00:37:32,120 --> 00:37:35,239
Speaker 1: that on your on your pixels? Yeah? Okay, Like even

860
00:37:35,280 --> 00:37:38,600
Speaker 1: on androids they have that. Man, even the dhone vibrates

861
00:37:38,600 --> 00:37:41,680
Speaker 1: when I touch it. Uh. Now, this is a fantastic

862
00:37:41,719 --> 00:37:44,640
Speaker 1: beer man Halfway Crooks. If you ever have a chance

863
00:37:44,680 --> 00:37:47,279
Speaker 1: to swing by there anytime you're coming through Atlanta, look

864
00:37:47,320 --> 00:37:50,000
Speaker 1: them up. I feel like they are quickly becoming one

865
00:37:50,040 --> 00:37:52,960
Speaker 1: of our favorite in town breweries here in Atlanta that

866
00:37:53,080 --> 00:37:55,880
Speaker 1: make such amazing stuff and also to just there. Like

867
00:37:55,920 --> 00:37:58,399
Speaker 1: their labels, the way they design things, their style, their

868
00:37:58,440 --> 00:38:02,720
Speaker 1: overall brand basically is just so on points. Like you're

869
00:38:02,800 --> 00:38:06,080
Speaker 1: literally wearing a Halfley Crooks T shirt right now. You're

870
00:38:06,120 --> 00:38:08,960
Speaker 1: such a huge fan of of of of how they

871
00:38:09,000 --> 00:38:11,279
Speaker 1: do things. But it's very much like eight bit old

872
00:38:11,280 --> 00:38:15,560
Speaker 1: school you know Ms Doss kind of branding, which sounds

873
00:38:15,560 --> 00:38:18,319
Speaker 1: super nerdy, but they do it in such a classy way. Uh.

874
00:38:18,360 --> 00:38:20,200
Speaker 1: They definitely are like the best, They've got the best

875
00:38:20,200 --> 00:38:22,239
Speaker 1: merch in Atlanta by far. Would you agree. I feel

876
00:38:22,239 --> 00:38:25,400
Speaker 1: like they're like a brewery and a fashion line. That's

877
00:38:25,440 --> 00:38:27,080
Speaker 1: how I think of them. It's not just beer, it's

878
00:38:27,120 --> 00:38:30,360
Speaker 1: a lifestyle. Yeah. I love I love going there, I

879
00:38:30,400 --> 00:38:32,359
Speaker 1: love having beers there, and then I love, you know,

880
00:38:32,400 --> 00:38:34,600
Speaker 1: just drinking their beers at home too. Like really they

881
00:38:34,640 --> 00:38:37,480
Speaker 1: specialize in like pillserfs and loggers. This one is an

882
00:38:37,480 --> 00:38:41,080
Speaker 1: I p A. It was delicious because every thing, and

883
00:38:41,120 --> 00:38:43,319
Speaker 1: they're really freaking good. They're really good. They're really good.

884
00:38:43,320 --> 00:38:46,600
Speaker 1: So yeah that actually the head brewer there is from Belgium,

885
00:38:46,760 --> 00:38:49,640
Speaker 1: and so yeah, his take on Belgian beers is incredible.

886
00:38:49,680 --> 00:38:52,719
Speaker 1: Like up, they're really good. And so if you're into

887
00:38:52,719 --> 00:38:54,640
Speaker 1: Belgian beers, come check it out. If you like I

888
00:38:54,719 --> 00:38:56,439
Speaker 1: p A s are doing a good job there too.

889
00:38:56,520 --> 00:38:58,759
Speaker 1: So yeah, definitely one of our favorite spots. And I

890
00:38:58,840 --> 00:39:00,879
Speaker 1: glought we got to share this beer to on the show, Buddy. Yeah,

891
00:39:00,880 --> 00:39:04,000
Speaker 1: And that being said, this isn't uh a pilsner or

892
00:39:04,040 --> 00:39:06,680
Speaker 1: you know, one of those more euro style beers. This

893
00:39:06,719 --> 00:39:09,520
Speaker 1: is an American I p A. And it is so

894
00:39:09,600 --> 00:39:12,680
Speaker 1: stinking good. I mean it's it's super hot forward and

895
00:39:12,680 --> 00:39:14,399
Speaker 1: and and it's hot forward in the sense that it's

896
00:39:14,400 --> 00:39:16,080
Speaker 1: like dry hopped right, and so it's kind of got

897
00:39:16,120 --> 00:39:18,960
Speaker 1: like that tingly freshness going on, and it's so well balanced.

898
00:39:18,960 --> 00:39:21,480
Speaker 1: It's it's not overly sweet. Uh, it almost has a

899
00:39:21,560 --> 00:39:24,719
Speaker 1: dryness going on. It's like this combination of the dryness

900
00:39:24,760 --> 00:39:28,040
Speaker 1: plus the awesome flavors from these hops makes this one

901
00:39:28,040 --> 00:39:29,920
Speaker 1: of my gosh, like one of the favorite beers I've

902
00:39:29,920 --> 00:39:31,640
Speaker 1: had in a long time. So far this year. Dude,

903
00:39:31,719 --> 00:39:34,480
Speaker 1: this is really delicious beer or huge fans of Halfway

904
00:39:34,480 --> 00:39:36,680
Speaker 1: Crooks and uh yeah, we want more folks to check

905
00:39:36,719 --> 00:39:38,319
Speaker 1: them out. Yeah, it's not going over the top in

906
00:39:38,320 --> 00:39:40,600
Speaker 1: the juicy direction. It's really just like staying true to

907
00:39:40,600 --> 00:39:42,680
Speaker 1: the hops. I think that they that went into this beer,

908
00:39:42,960 --> 00:39:44,719
Speaker 1: but they shine through in a big way. And so yeah,

909
00:39:44,760 --> 00:39:46,479
Speaker 1: I dug this one too, all right, But that's gonna

910
00:39:46,480 --> 00:39:48,719
Speaker 1: be it for this episode. For folks that want the

911
00:39:48,719 --> 00:39:50,640
Speaker 1: show notes for this episode, including links to some of

912
00:39:50,640 --> 00:39:53,000
Speaker 1: the funds that we mentioned, you can find those up

913
00:39:53,000 --> 00:39:55,319
Speaker 1: on our website at how to money dot com. That's right,

914
00:39:55,480 --> 00:39:57,080
Speaker 1: And if you have been listening to the show and

915
00:39:57,080 --> 00:39:58,560
Speaker 1: want to help us out, help to get the word

916
00:39:58,560 --> 00:40:00,239
Speaker 1: out to others who have not yet found the show,

917
00:40:00,360 --> 00:40:03,280
Speaker 1: leave us a review over an Apple Podcasts or wherever

918
00:40:03,400 --> 00:40:07,239
Speaker 1: it is that you get your podcasts, and thanks in advance. So, Joel,

919
00:40:07,280 --> 00:40:08,839
Speaker 1: that's going to be it for this episode, buddy, Until

920
00:40:08,840 --> 00:40:26,680
Speaker 1: next time, Best friends out, best friends out, Welcome to

921
00:40:26,920 --> 00:40:31,719
Speaker 1: How the Money. I'm that and I'm Joel. Let's know

922
00:40:31,760 --> 00:40:33,000
Speaker 1: how we do it. Let's let's do it right.