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Speaker 1: Welcome to another episode of the Chicks on the Right

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podcast where we talk to our friend and sponsor of

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this show, Zach Abraham from Oward Capital Management. And today, Zach,

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we're going to be talking about youngsters, the age group

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of the twenty five to thirty nine year olds, because

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there's new data from JP Morgan that suggests that this

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age group is investing a whole big bunch over buying

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a house, probably because houses are super expensive and they're

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looking at the market like this is something I can

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do at my own level and get some good returns

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on Is this good? Is this good for them? Do

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you advise this? What would your advice be to this

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age group?

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Speaker 2: Great?

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Speaker 3: Great question, And like I was telling you guys off

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the air, it's I was thinking along these lines for

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different reasons recently. So what brought this up in my

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mind was when you run an investment firm like I do,

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you get approached.

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Speaker 2: You hear every everybody's investment ideas.

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Speaker 3: Right, So, whether it's through text message, through friends and family,

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or at a family party, everybody's got this great investment

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for you. And what I've learned over my career and

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then also just through observation is that you there's a

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there's a way that everybody is best at investing, and

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and and people. If you are an investor, it takes

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some while. It's like it's like a sport figuring out

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what you're best at in that sport, you know what

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I mean. It takes a while some familiarity, but with

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most people, they get far too cute. And And what

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made me think about this recently was I was approached

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by some bodies of mine colleagues to get invested in

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this company, and I was really considering doing it, and

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then I started looking at what's around me, and I

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started looking at what we were doing in my own company.

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We're in the process of launching an ETF and and

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these other things that I thought, Okay, if I attention away,

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I know that I am very good at running my company,

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and I know that my company has been my best

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investment for me for me, right, And while this other

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investment may look attractive to me, I know it's going

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to steal time and attention a way from an investment.

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Speaker 2: That I know is going to do very good.

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Speaker 3: Right. So I made a decision to go, no, you

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know what, that might be a really good investment, but

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I know this one is right, and sticking to what

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I'm good at, sticking to what I know, and I

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cannot tell you. And this is one of those pieces

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of advice where you're either going to listen to me

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now or you're gonna believe me when you're sixty.

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Speaker 2: Okay, which is if you look at people and I.

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Speaker 3: Call them squirrel investors, right, squirrel squirrel getting drug off

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here right, I'm getting into crypto, I'm getting into four

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x trading. I'm doing this, I'm doing that. Think of

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how I've never seen a work. I've never seen a work.

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Speaker 1: Okay, I've never saw like Nancy pelosidelines, like if you

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just do what she does, a lot of people are doing.

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Speaker 3: Look, I think this is this is dead, honest truth.

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Speaker 2: Okay.

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Speaker 3: I am an active manager of portfolios meeting. We don't

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use mutual funds and ETFs. We do individual research on

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individual stocks and we pick stocks.

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Speaker 2: Okay, So but between.

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Speaker 3: My analysts and my trader, I pay for about one

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and a half million dollars a year for those groups

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for those people to work for me. Okay, when you're

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sitting at home picking stocks, you are competing against me

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and my team. That costs me one and a half

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million dollars a year. You might get one here or there,

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but you're not gonna win. Okay, my guys worked for

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JP Morgan and built algorithms.

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Speaker 2: We do this twenty four hours a day, and they're good.

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Speaker 1: I will tell you they're good.

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Speaker 2: Thank you, thank you. So I don't say that to brag.

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Speaker 3: Okay, I say that because if I went to your job,

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the same would be true. Right.

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Speaker 2: So what I tell.

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Speaker 3: People is either put money into the market on a

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consistent basis in ETFs and diversified mutual funds, or hire

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somebody else to do it, unless you're gonna do it

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full time. And even then, if you do it full time,

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be open to the idea that maybe you're not good

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at it. Right, there's this whole thing everybody can be

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a good investor. That's nonsense, that's total. That's like saying

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everybody can be a good CPA. If you'd seen me

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do math, you'd know that's not true, right, Like meaning,

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can anybody figure it out and throw money into an

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ETF and get good results over twenty years?

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Speaker 2: Yes, everybody can do that.

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Speaker 1: What about all the latest stuff where Elon is saying

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stop saving for retirement because AI is going to change

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the needs for money in general. And then like I'm

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always freaked out that AI is somehow going to steal

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all the money out of my bank accounts. Anyway, what

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are you hearing from clients? What are you telling clients

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about AI? And to pick to piggyback on that, do

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you think AI could replace the people like those people

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that you pay million you know, a million and a

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half dollars too?

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Speaker 2: Yeah, hey, so so here here's the deal. Could they

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and are they?

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Speaker 3: Yeah, our GUIDs are integrating AI on our stock like

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like right now, honestly, and I'm not going to because

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these these these younger guys that work with me, they've

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they've got great talent, and they're ascending.

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Speaker 2: And they're very valuable for a lot of other reasons.

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Speaker 3: But truthfully, AI is already a point where it really

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replaces the need for a junior analyst in our business,

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and a junior analyst is primarily involved in they're not

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making conclusions, but they're rounding you up the information. AI

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is phenomenal at that, right, But my guys guy and here,

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and I know you two know this, but speaking to

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everybody out there, this is another piece of advice that

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I had to learn.

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Speaker 2: You can either fight change or embrace it.

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Speaker 3: Okay, we don't. We don't get to play the game

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we want to play. We don't get to get play

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the game that we should play. We get the game

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that's given to us. Right, So what we have to

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do None of this stuff matters. What we need to

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do is how do we integrate AI into what we

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do so we can become invaluable to an employer. I

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always tell young people, I go, hey, how do I

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move ahead in life? And I go, make things easier

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and become impossible to live without for your employer, Right Like,

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once you do that, I've got several employees that are

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like that, Right, they know that they get compensated way

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above their age group and their competency. Why I can't

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lose them and they know that, right, So integrating AI

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into what we do the other thing. Do you don't

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need to save for retirement? And what he's talking about

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is living at the medium range, right, the substenence living

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right like not worrying about whether you're going to have.

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Speaker 2: A roof over your head.

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Speaker 3: He's not talking about being able to take vacations to Bermuda.

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All right, So do you need to be saving for retirement?

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Absolutely more now than ever.

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Speaker 2: Why?

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Speaker 3: Because your money is getting printed into oblivion. That is

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why gold's trading at fifty one hundred dollars. That's why

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silver is at eighty three dollars. That's why we were

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buying gold when it was at eighteen hundred dollars and

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silver was at fifteen, right, because you knew, no matter what,

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eventually this was going to play out. And one of

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the biggest sins I see right now is people are worried.

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Speaker 2: They should be. People are concerned about the financial system.

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They should be.

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Speaker 3: People are sitting in cash because they think they're going

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to lose all their money.

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Speaker 2: Wrong. Wrong, Wrong.

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Speaker 3: When when Rome finally tipped over, it's now, I didn't

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really have a stock market, but if it did, it's

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stock market. They did in certain ways, they traded things

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like that, but it would have been at an all

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time high. Why for the same reason that the best

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I want everybody to hear this. The best performing stock

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market over the last ten years.

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Speaker 2: Do you know where it is? It is in Zimbabwe, Zimbabwe.

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Speaker 3: Gosh, the stock market has averaged about eight hundred percent

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annual returns.

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Speaker 2: Pretty impressive.

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Speaker 3: Pretty impressive until you realize that over that same time

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their currency depreciated by about eleven hundred percent a year. Okay,

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so people are thinking about this all wrong. Government's printing debt.

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We've got all this debt, we can't repay. My stocks

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are going to crash. They might for small periods of time.

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What's going to happen? Look at gold, look at silver.

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All of this money needs places to go. Now, does

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that mean we should be putting it in tech companies

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that make less than a billion dollars of profit and

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are valued at five hundred billion dollars?

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Speaker 2: Probably not right? What does it mean we should do?

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Speaker 3: Boy, there's a lot of things out there, like you know,

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called natural resources, commodities, metals that nobody's interested because we

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live in the technology age. Well, guess what makes the

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technology run?

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Speaker 2: Right? Power?

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Speaker 3: Copper, silver, oil, right, all these things. Guess where we

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haven't invested any money in the last fifteen years? Copper, gold, silver, oil, metals, right,

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and so on top of it, these sectors are historically undervalued,

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so we just you have to invest, but you cannot

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sit there and you can't chase squirrels. Right when we've

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got governments printing this kind of money. You have to

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be averaging a return that is in excess of that

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inflation rate. And don't look at three and a half.

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It's probably more like five and a half six in reality. Right,

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And and but you can't do the square. You can't

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decide this week. I'm going to be a real estate

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entrepreneur and you need to start getting returns now. And

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notice I didn't say you have to call us, right,

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I said you can do it.

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Speaker 2: On your own.

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Speaker 3: But unless you're going to do it full time, put

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it in ETFs that are diversified. Just trust me as

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opposed to believing me forty years from now when you

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haven't made the right decision.

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Speaker 1: And let's face it, it's kind of easy for Elon

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to say, hey, don't say for retirement. Right, He's never

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gonna have to worry about that, right, Yeah.

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Speaker 3: And he And what he means, right is if you

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are worried about not having a head over you know,

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a roof over your head, if you were worried about

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not being able to do long term care and having

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a bunk in an alley, he's saying, don't worry about that.

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Speaker 2: And I think he is correct.

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Speaker 3: When we talk about retirement, I think we're we're looking

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a little bit.

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Speaker 2: Further than three hots in a cop right, So.

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Speaker 3: That if we want that because I want some trips

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from Muda, I want some good meals, right, I want

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to keep dining. Right.

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Speaker 2: Yeah, we're gonna need to invest to do that.

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Speaker 1: Yeah, okay, that makes all kinds of sense. So it

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sounds like this sounds like this age group is doing

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the right stuff.

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Speaker 2: Then yeah, they.

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Speaker 3: They are, but don't But again, I see them chasing

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a lot of individual stocks, and I see incredibly bad

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reasons for being in those stocks, and I would encourage

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them take a bit of humility, take a humble pill,

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admit you don't know it, and bet on the sure

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thing so you don't look with inflation doing what it's doing.

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If you have the discipline to sit in real assets,

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you will do tremendously.

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Speaker 2: Well over the long period of time. And they have

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time to do that, yes, yes.

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Speaker 3: But if they get caught squirrel investing, you know, squirrel

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over here, getting drug over here, getting drug over here,

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what happens is you spin your wheels. And I cannot

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tell you how many people I've seen do this, Right,

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in an effort to hit a home run.

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Speaker 2: They go thirty years without getting on base.

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Speaker 3: Right, get on base, get some singles and doubles, get

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some wins.

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Speaker 2: As you do.

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Speaker 3: You can take some shots over here and over there,

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but don't you know, get on base, just get on.

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Speaker 2: It, and then you can still buy that house. Yeah, yes, yes,

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that's exactly right.

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Speaker 1: So if they're investing wisely, then they can save for

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immediate stuff and retirement. And you are the best person

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to advise them on that. How can people contact you

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to learn more?

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Speaker 2: That's so good, that's so good you are.

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Speaker 3: Yeah, we we got to get we got to get

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here and do some like infomercials and stuff like that.

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If you car wait, there's more, right, but yeah, now

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you're pretty easy to find and go to Bullworkcapitalmanagement dot

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com or just look for video feed on YouTube and

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Know your Risk podcasts Know your Risk podcast dot com.

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Speaker 2: Not hard to find.

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Speaker 1: Thank you, Zach, Thanks.

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Speaker 2: You, ladies. Investment advisory services offered through Track Financial LLC

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and SEC Registered investment advisor.

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Speaker 3: The opinions expressed in this programmer for general informational purposes

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only and are not intended to provide specific advice or

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recommendations for any individual or on any specific security. Any

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references to performance of security so it thought to be

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materially accurate, and actual performance may different.

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Speaker 2: Investments involve risk and or not guaranteed. Past performance doesn't

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guarantee future results. Track twenty four three zero eight