1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,960 --> 00:00:35,600 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,600 --> 00:00:38,840 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,280 --> 00:00:45,920 Speaker 1: National Association Member FDIC Erness What's Up? You ever walk 13 00:00:45,920 --> 00:00:49,000 Speaker 1: into a small business and everything just works like the 14 00:00:49,080 --> 00:00:53,200 Speaker 1: checkout is fast, the receipts are digital, tipping is a breeze, 15 00:00:53,479 --> 00:00:55,640 Speaker 1: and you're out the door before the line even builds. 16 00:00:55,960 --> 00:01:00,160 Speaker 1: Odds are they're using Square? We love supporting business is 17 00:01:00,200 --> 00:01:02,800 Speaker 1: that run on Square because it just feels seamless. 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Don't wait, don't hesitate. 30 00:01:45,760 --> 00:01:48,160 Speaker 1: Let's Square handle the back end so you can keep 31 00:01:48,160 --> 00:01:49,400 Speaker 1: pushing your vision forward. 32 00:01:51,760 --> 00:01:56,680 Speaker 2: With inflation and the threat of global recession, how is 33 00:01:56,920 --> 00:01:59,160 Speaker 2: how much of it is important to have gold in 34 00:01:59,160 --> 00:02:03,240 Speaker 2: your portfolio? How much gold should you have? As recommended 35 00:02:03,640 --> 00:02:04,160 Speaker 2: a lot man. 36 00:02:05,440 --> 00:02:07,520 Speaker 3: I know this question gets brought up, brought up all 37 00:02:07,520 --> 00:02:10,480 Speaker 3: the time when I think the best heads for an 38 00:02:10,520 --> 00:02:13,600 Speaker 3: inflation is to invest in the companies that run the 39 00:02:13,639 --> 00:02:20,320 Speaker 3: world Vanguard, Black, Croc, Apple, Microsoft, so, and then invest 40 00:02:20,320 --> 00:02:24,960 Speaker 3: in the sectors that are going to outpace any recession 41 00:02:25,000 --> 00:02:26,960 Speaker 3: draw downs that we have. Do I think we're on 42 00:02:27,000 --> 00:02:30,000 Speaker 3: the brink of a recession this year. No twenty five 43 00:02:30,120 --> 00:02:34,600 Speaker 3: or twenty six, we'll see bla. So, but so what 44 00:02:34,680 --> 00:02:36,400 Speaker 3: I'm personally doing in guar Up, I'm just waiting for 45 00:02:36,440 --> 00:02:38,680 Speaker 3: the right prices to buy the assets that I know 46 00:02:38,720 --> 00:02:42,440 Speaker 3: are that are going to do incredibly well vo O, Apple, Microsoft, Amazon, 47 00:02:42,520 --> 00:02:46,600 Speaker 3: and Video Eli Lilly. And if you look the five 48 00:02:46,680 --> 00:02:51,040 Speaker 3: years after a recession, the tech sector normally outperforms because 49 00:02:51,080 --> 00:02:53,840 Speaker 3: a lot of money and inflows go directly there. Even 50 00:02:53,880 --> 00:02:57,519 Speaker 3: with the conversation on diversification, if you have two tech 51 00:02:57,560 --> 00:03:00,120 Speaker 3: stocks and then you have vo O and VTI, but 52 00:03:00,240 --> 00:03:03,080 Speaker 3: v O and vt I I thirty three percent tech weighted. 53 00:03:03,280 --> 00:03:08,800 Speaker 3: Is it diversified or hyper concentrated. There's a reason why. 54 00:03:09,040 --> 00:03:13,040 Speaker 3: So gold is important, I think as a hedge, but 55 00:03:13,480 --> 00:03:17,520 Speaker 3: it wouldn't be my go to hedge. Number one tries 56 00:03:17,520 --> 00:03:19,520 Speaker 3: the nineteen keys. I know he's gonna tell me otherwise 57 00:03:20,480 --> 00:03:23,480 Speaker 3: it's my brother. So it is a good hedge, but 58 00:03:23,520 --> 00:03:27,040 Speaker 3: it's not a primary one for me or the people 59 00:03:27,080 --> 00:03:30,080 Speaker 3: that that run the world and all that going out 60 00:03:30,120 --> 00:03:34,480 Speaker 3: of Fort Knocks anywhere. That shit been long ago. We're 61 00:03:34,480 --> 00:03:36,280 Speaker 3: gonna tell the truth or no, yeah, keep it on me. 62 00:03:36,760 --> 00:03:40,200 Speaker 3: It's not there. So just like so, so she knock 63 00:03:40,200 --> 00:03:45,040 Speaker 3: a mooto not in Kyoto and Langley. But what do 64 00:03:45,160 --> 00:03:58,600 Speaker 3: I know? Is it just jokes or okay? Crazy times yo. 65 00:03:58,360 --> 00:04:00,320 Speaker 2: Crazy Yeah, go to the good Hedges. 66 00:04:00,040 --> 00:04:02,800 Speaker 3: Performed incredibly well doing every recession. The value is going up. 67 00:04:03,040 --> 00:04:05,280 Speaker 3: I think Bitcoin probably would be a better head just 68 00:04:05,280 --> 00:04:10,000 Speaker 3: the dollars falling. So those are two assets or two 69 00:04:10,040 --> 00:04:11,160 Speaker 3: ways to play the recession. 70 00:04:11,440 --> 00:04:16,400 Speaker 2: Hit the like button, Ladies and gentlemen, we are going 71 00:04:16,480 --> 00:04:22,240 Speaker 2: into the question. Everybody wants to know, what are the 72 00:04:22,279 --> 00:04:26,760 Speaker 2: top three stocks that you should including your portfolio heading 73 00:04:26,760 --> 00:04:27,600 Speaker 2: into a recession. 74 00:04:27,760 --> 00:04:34,159 Speaker 3: Okay, if we cover them endlessly, Microsoft, because they're gonna 75 00:04:35,120 --> 00:04:38,279 Speaker 3: okay with the value. My favorite thing is playing best questions. 76 00:04:38,520 --> 00:04:41,640 Speaker 3: If open Ai goes public within the next year or 77 00:04:41,800 --> 00:04:43,919 Speaker 3: doing a recession, even though it's going to be a 78 00:04:44,000 --> 00:04:46,600 Speaker 3: draw down, they'll be able to get enough attention. 79 00:04:46,720 --> 00:04:46,920 Speaker 2: Right. 80 00:04:47,360 --> 00:04:50,640 Speaker 3: And if Microsoft all's forty nine percent, will that double 81 00:04:50,760 --> 00:04:53,160 Speaker 3: or triple the value of Microsoft or will it make 82 00:04:53,240 --> 00:04:57,360 Speaker 3: Microsoft decline as a result? Will go up or will 83 00:04:57,360 --> 00:05:01,320 Speaker 3: it go down? Microsoft's going to go up? No, No, All, 84 00:05:02,440 --> 00:05:07,760 Speaker 3: Number two Apple, and then third I think is the 85 00:05:07,760 --> 00:05:08,800 Speaker 3: big new player on the. 86 00:05:08,800 --> 00:05:09,600 Speaker 2: Stages in video. 87 00:05:10,480 --> 00:05:14,159 Speaker 3: I've been telling you, like I designed my portfolio to 88 00:05:14,279 --> 00:05:18,120 Speaker 3: work regardless of what's going on in the market, and 89 00:05:18,160 --> 00:05:21,479 Speaker 3: I'm very careful about that. So if you're investing in 90 00:05:21,520 --> 00:05:24,640 Speaker 3: the companies that run the world and have majority market 91 00:05:24,720 --> 00:05:27,640 Speaker 3: share the sectors that matter the most, you're fine. If 92 00:05:27,680 --> 00:05:29,800 Speaker 3: I made you money, Please put yes in chat. Your 93 00:05:29,800 --> 00:05:33,880 Speaker 3: portfolio should be indestructible regardless. And the truth be told, 94 00:05:33,880 --> 00:05:36,120 Speaker 3: they're not going to let us like just slide into 95 00:05:36,200 --> 00:05:39,320 Speaker 3: a long We'll never have a two thousand and eight 96 00:05:39,440 --> 00:05:42,360 Speaker 3: recession in all lifetime again because it's too fresh in 97 00:05:42,400 --> 00:05:45,200 Speaker 3: the mind of all investors. So they're going to be 98 00:05:45,360 --> 00:05:51,719 Speaker 3: smaller or more niche recessions. They wouldn't announce that we 99 00:05:51,720 --> 00:05:54,080 Speaker 3: were in a recession. We would had two negative quarters. 100 00:05:54,400 --> 00:05:56,680 Speaker 3: They'll tell me everything I needed to know. Then all 101 00:05:56,720 --> 00:05:58,800 Speaker 3: of a sudden, everyone wants to talk about the same rule. 102 00:05:59,000 --> 00:06:01,640 Speaker 3: And then after the Nie case slides, we recovered in 103 00:06:01,680 --> 00:06:06,240 Speaker 3: three days, So they've thrown the traditional rule book out 104 00:06:06,240 --> 00:06:08,159 Speaker 3: of the window. But Microsoft, because they're going to own 105 00:06:08,760 --> 00:06:16,600 Speaker 3: the AI sector video Apple argue, maybe bitcoin, but I 106 00:06:16,640 --> 00:06:19,400 Speaker 3: don't think bitcoin is drawn back enough to buy it. 107 00:06:19,480 --> 00:06:23,160 Speaker 3: So if bitcoin goes sub forty, I think bitcoin can 108 00:06:23,160 --> 00:06:24,680 Speaker 3: have a hell of a run during a recession. 109 00:06:25,040 --> 00:06:25,440 Speaker 2: For sure. 110 00:06:27,080 --> 00:06:29,480 Speaker 1: I assumed that you were going to take the tech approach. 111 00:06:30,200 --> 00:06:33,960 Speaker 1: So I chose companies that weren't tech okay, because I 112 00:06:34,000 --> 00:06:36,720 Speaker 1: feel like people know those But. 113 00:06:36,760 --> 00:06:40,039 Speaker 3: People should do what they know works. I should for 114 00:06:40,160 --> 00:06:42,160 Speaker 3: some other shit that they want to just make up 115 00:06:42,160 --> 00:06:43,960 Speaker 3: and they be like, Travis Shaw, are you too me 116 00:06:44,000 --> 00:06:46,680 Speaker 3: to invest us? I should invest in sour grapes and 117 00:06:46,760 --> 00:06:49,440 Speaker 3: sour sop and milk. And I didn't tell you that. 118 00:06:50,240 --> 00:06:52,880 Speaker 1: I'm I'm gonna run down the list in terms of 119 00:06:52,920 --> 00:06:56,240 Speaker 1: a recession. It's funny because we were talking about gold, 120 00:06:56,320 --> 00:06:58,760 Speaker 1: and most people over the past twelve months have been 121 00:06:58,760 --> 00:07:02,280 Speaker 1: buying gold from this stock yep. And so I put 122 00:07:02,320 --> 00:07:07,680 Speaker 1: Costco in there. Cost just from a necessity standpoint, right 123 00:07:07,720 --> 00:07:09,440 Speaker 1: when we talk about recession, there's a couple of things 124 00:07:09,480 --> 00:07:14,000 Speaker 1: that people always going to need food and products, and 125 00:07:14,200 --> 00:07:18,000 Speaker 1: they're gonna need health care, right, those two things will remain. 126 00:07:18,760 --> 00:07:22,200 Speaker 1: So for that I had Costco, I had lily Uh. 127 00:07:22,880 --> 00:07:25,040 Speaker 1: Costo's up thirty three percent year of the day, nearly 128 00:07:25,080 --> 00:07:28,240 Speaker 1: is up fifty percent year of to day. And then 129 00:07:28,240 --> 00:07:30,120 Speaker 1: I put P and G in there as a safe bet, 130 00:07:30,680 --> 00:07:36,240 Speaker 1: like a safe slow setting long term investment. It's not 131 00:07:36,520 --> 00:07:39,160 Speaker 1: the most violatile. It's not going to be your value 132 00:07:39,200 --> 00:07:41,480 Speaker 1: and play. But if you're talking about slow and steady, 133 00:07:41,600 --> 00:07:45,600 Speaker 1: progressive and just a stable of a company, I always 134 00:07:45,600 --> 00:07:47,160 Speaker 1: put P and G in there when they talk about 135 00:07:47,240 --> 00:07:51,160 Speaker 1: recessionary stocks to look into, and that's our twelve percent 136 00:07:51,240 --> 00:07:54,239 Speaker 1: year of the day. Yeah, those were the three outside 137 00:07:54,240 --> 00:07:56,920 Speaker 1: of the tech space. Obviously, I love those, the three 138 00:07:56,920 --> 00:07:59,080 Speaker 1: tech ones you said, But and then I'll put probably 139 00:07:59,080 --> 00:08:02,280 Speaker 1: Amazon before Big, but those would be the ones outside 140 00:08:02,320 --> 00:08:02,560 Speaker 1: of tech. 141 00:08:05,160 --> 00:08:12,440 Speaker 2: Okay, has the NASDAK bottom been reached for the year? 142 00:08:12,760 --> 00:08:16,680 Speaker 2: Are we up from here or will we have another 143 00:08:17,000 --> 00:08:19,240 Speaker 2: major correction pullback? 144 00:08:19,640 --> 00:08:22,280 Speaker 3: I think we have a medium pullback sometime in September, 145 00:08:23,040 --> 00:08:24,880 Speaker 3: and then after that we're off to the races. I 146 00:08:24,920 --> 00:08:28,840 Speaker 3: think by early October, I think that they will know 147 00:08:28,960 --> 00:08:31,520 Speaker 3: who will win the presidential election. That will be priced 148 00:08:31,560 --> 00:08:35,360 Speaker 3: in unless something dramatic happens at the very end and 149 00:08:35,800 --> 00:08:40,240 Speaker 3: Olivia Pope can't fix things some time, but I think 150 00:08:40,559 --> 00:08:44,280 Speaker 3: September we'll get a decent pullback, a good buying opportunity, 151 00:08:44,280 --> 00:08:47,079 Speaker 3: and after that, worker even for all the stuff that's 152 00:08:47,120 --> 00:08:48,800 Speaker 3: been talked about, if you've been with us the last 153 00:08:48,840 --> 00:08:51,520 Speaker 3: four years. The drop that happened last week was a 154 00:08:51,559 --> 00:08:54,440 Speaker 3: flash in the pan. It wasn't the deep. It's not 155 00:08:54,520 --> 00:08:58,920 Speaker 3: like Zillow or Zoom or Brivian. It's like it wasn't 156 00:08:59,120 --> 00:09:01,360 Speaker 3: that deep of a drop to make everyone panic the 157 00:09:01,360 --> 00:09:03,240 Speaker 3: way that they did. I think it was a fear 158 00:09:03,280 --> 00:09:06,439 Speaker 3: of knowing we could crash, or that we should be crashing. 159 00:09:06,520 --> 00:09:09,680 Speaker 3: The sentiment is most of the stocks are too high 160 00:09:09,760 --> 00:09:12,360 Speaker 3: for where they should be, but we haven't had a 161 00:09:12,360 --> 00:09:15,200 Speaker 3: deep enough catalyst to let it run down. I'll remind 162 00:09:15,200 --> 00:09:17,640 Speaker 3: you again, go watch the Big Short. This reminds me 163 00:09:17,679 --> 00:09:20,240 Speaker 3: of the scene where moodies were buying the ratings and 164 00:09:20,280 --> 00:09:22,400 Speaker 3: the banks are buying the ratings to keep everything afloat. 165 00:09:22,400 --> 00:09:25,920 Speaker 3: They're doing their job to try and keep everything slow 166 00:09:25,960 --> 00:09:29,240 Speaker 3: and steady. But I think another deep crash. No, I 167 00:09:29,280 --> 00:09:31,160 Speaker 3: don't think we're going to have one of those until 168 00:09:31,960 --> 00:09:33,880 Speaker 3: after someone is in office. 169 00:09:33,920 --> 00:09:37,559 Speaker 4: An illegal alien from Guatemala charged with raping a child 170 00:09:37,600 --> 00:09:41,400 Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador 171 00:09:41,640 --> 00:09:45,760 Speaker 4: accused of murdering a Texas man of Venezuelan charged with 172 00:09:45,840 --> 00:09:49,720 Speaker 4: filming and selling child pornography in Michigan. These are just 173 00:09:49,840 --> 00:09:53,600 Speaker 4: some of the heinous migrant criminals caught because of President 174 00:09:53,640 --> 00:09:57,160 Speaker 4: Donald J. Trump's leadership. I'm Christine Noman, the United States 175 00:09:57,240 --> 00:10:02,040 Speaker 4: Secretary of Homeland Security. 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