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<v Speaker 1>Welcome to another episode of the Chicks on the Right

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<v Speaker 1>podcast where we talk to our friend and sponsor of

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<v Speaker 1>this show, Zach Abraham from Oward Capital Management. And today, Zach,

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<v Speaker 1>we're going to be talking about youngsters, the age group

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<v Speaker 1>of the twenty five to thirty nine year olds, because

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<v Speaker 1>there's new data from JP Morgan that suggests that this

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<v Speaker 1>age group is investing a whole big bunch over buying

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<v Speaker 1>a house, probably because houses are super expensive and they're

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<v Speaker 1>looking at the market like this is something I can

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<v Speaker 1>do at my own level and get some good returns

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<v Speaker 1>on Is this good? Is this good for them? Do

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<v Speaker 1>you advise this? What would your advice be to this

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<v Speaker 1>age group?

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<v Speaker 2>Great?

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<v Speaker 3>Great question, And like I was telling you guys off

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<v Speaker 3>the air, it's I was thinking along these lines for

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<v Speaker 3>different reasons recently. So what brought this up in my

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<v Speaker 3>mind was when you run an investment firm like I do,

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<v Speaker 3>you get approached.

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<v Speaker 2>You hear every everybody's investment ideas.

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<v Speaker 3>Right, So, whether it's through text message, through friends and family,

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<v Speaker 3>or at a family party, everybody's got this great investment

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<v Speaker 3>for you. And what I've learned over my career and

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<v Speaker 3>then also just through observation is that you there's a

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<v Speaker 3>there's a way that everybody is best at investing, and

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<v Speaker 3>and and people. If you are an investor, it takes

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<v Speaker 3>some while. It's like it's like a sport figuring out

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<v Speaker 3>what you're best at in that sport, you know what

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<v Speaker 3>I mean. It takes a while some familiarity, but with

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<v Speaker 3>most people, they get far too cute. And And what

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<v Speaker 3>made me think about this recently was I was approached

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<v Speaker 3>by some bodies of mine colleagues to get invested in

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<v Speaker 3>this company, and I was really considering doing it, and

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<v Speaker 3>then I started looking at what's around me, and I

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<v Speaker 3>started looking at what we were doing in my own company.

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<v Speaker 3>We're in the process of launching an ETF and and

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<v Speaker 3>these other things that I thought, Okay, if I attention away,

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<v Speaker 3>I know that I am very good at running my company,

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<v Speaker 3>and I know that my company has been my best

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<v Speaker 3>investment for me for me, right, And while this other

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<v Speaker 3>investment may look attractive to me, I know it's going

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<v Speaker 3>to steal time and attention a way from an investment.

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<v Speaker 2>That I know is going to do very good.

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<v Speaker 3>Right. So I made a decision to go, no, you

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<v Speaker 3>know what, that might be a really good investment, but

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<v Speaker 3>I know this one is right, and sticking to what

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<v Speaker 3>I'm good at, sticking to what I know, and I

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<v Speaker 3>cannot tell you. And this is one of those pieces

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<v Speaker 3>of advice where you're either going to listen to me

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<v Speaker 3>now or you're gonna believe me when you're sixty.

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<v Speaker 2>Okay, which is if you look at people and I.

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<v Speaker 3>Call them squirrel investors, right, squirrel squirrel getting drug off

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<v Speaker 3>here right, I'm getting into crypto, I'm getting into four

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<v Speaker 3>x trading. I'm doing this, I'm doing that. Think of

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<v Speaker 3>how I've never seen a work. I've never seen a work.

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<v Speaker 1>Okay, I've never saw like Nancy pelosidelines, like if you

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<v Speaker 1>just do what she does, a lot of people are doing.

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<v Speaker 3>Look, I think this is this is dead, honest truth.

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<v Speaker 2>Okay.

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<v Speaker 3>I am an active manager of portfolios meeting. We don't

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<v Speaker 3>use mutual funds and ETFs. We do individual research on

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<v Speaker 3>individual stocks and we pick stocks.

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<v Speaker 2>Okay, So but between.

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<v Speaker 3>My analysts and my trader, I pay for about one

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<v Speaker 3>and a half million dollars a year for those groups

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<v Speaker 3>for those people to work for me. Okay, when you're

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<v Speaker 3>sitting at home picking stocks, you are competing against me

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<v Speaker 3>and my team. That costs me one and a half

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<v Speaker 3>million dollars a year. You might get one here or there,

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<v Speaker 3>but you're not gonna win. Okay, my guys worked for

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<v Speaker 3>JP Morgan and built algorithms.

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

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<v Speaker 1>I will tell you they're good.

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

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<v Speaker 3>Okay, I say that because if I went to your job,

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<v Speaker 3>the same would be true. Right.

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<v Speaker 2>So what I tell.

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<v Speaker 3>People is either put money into the market on a

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<v Speaker 3>consistent basis in ETFs and diversified mutual funds, or hire

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<v Speaker 3>somebody else to do it, unless you're gonna do it

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<v Speaker 3>full time. And even then, if you do it full time,

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<v Speaker 3>be open to the idea that maybe you're not good

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<v Speaker 3>at it. Right, there's this whole thing everybody can be

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<v Speaker 3>a good investor. That's nonsense, that's total. That's like saying

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<v Speaker 3>everybody can be a good CPA. If you'd seen me

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<v Speaker 3>do math, you'd know that's not true, right, Like meaning,

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<v Speaker 3>can anybody figure it out and throw money into an

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<v Speaker 3>ETF and get good results over twenty years?

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<v Speaker 2>Yes, everybody can do that.

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<v Speaker 1>What about all the latest stuff where Elon is saying

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<v Speaker 1>stop saving for retirement because AI is going to change

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<v Speaker 1>the needs for money in general. And then like I'm

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<v Speaker 1>always freaked out that AI is somehow going to steal

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<v Speaker 1>all the money out of my bank accounts. Anyway, what

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<v Speaker 1>are you hearing from clients? What are you telling clients

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<v Speaker 1>about AI? And to pick to piggyback on that, do

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<v Speaker 1>you think AI could replace the people like those people

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<v Speaker 1>that you pay million you know, a million and a

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<v Speaker 1>half dollars too?

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<v Speaker 2>Yeah, hey, so so here here's the deal. Could they

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<v Speaker 2>and are they?

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<v Speaker 3>Yeah, our GUIDs are integrating AI on our stock like

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<v Speaker 3>like right now, honestly, and I'm not going to because

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<v Speaker 3>these these these younger guys that work with me, they've

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<v Speaker 3>they've got great talent, and they're ascending.

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<v Speaker 2>And they're very valuable for a lot of other reasons.

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<v Speaker 3>But truthfully, AI is already a point where it really

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<v Speaker 3>replaces the need for a junior analyst in our business,

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<v Speaker 3>and a junior analyst is primarily involved in they're not

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<v Speaker 3>making conclusions, but they're rounding you up the information. AI

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<v Speaker 3>is phenomenal at that, right, But my guys guy and here,

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<v Speaker 3>and I know you two know this, but speaking to

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<v Speaker 3>everybody out there, this is another piece of advice that

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<v Speaker 3>I had to learn.

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<v Speaker 2>You can either fight change or embrace it.

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<v Speaker 3>Okay, we don't. We don't get to play the game

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<v Speaker 3>we want to play. We don't get to get play

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<v Speaker 3>the game that we should play. We get the game

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<v Speaker 3>that's given to us. Right, So what we have to

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<v Speaker 3>do None of this stuff matters. What we need to

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<v Speaker 3>do is how do we integrate AI into what we

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<v Speaker 3>do so we can become invaluable to an employer. I

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<v Speaker 3>always tell young people, I go, hey, how do I

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<v Speaker 3>move ahead in life? And I go, make things easier

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<v Speaker 3>and become impossible to live without for your employer, Right Like,

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<v Speaker 3>once you do that, I've got several employees that are

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<v Speaker 3>like that, Right, they know that they get compensated way

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<v Speaker 3>above their age group and their competency. Why I can't

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<v Speaker 3>lose them and they know that, right, So integrating AI

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<v Speaker 3>into what we do the other thing. Do you don't

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<v Speaker 3>need to save for retirement? And what he's talking about

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<v Speaker 3>is living at the medium range, right, the substenence living

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<v Speaker 3>right like not worrying about whether you're going to have.

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<v Speaker 2>A roof over your head.

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<v Speaker 3>He's not talking about being able to take vacations to Bermuda.

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<v Speaker 3>All right, So do you need to be saving for retirement?

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<v Speaker 3>Absolutely more now than ever.

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<v Speaker 2>Why?

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<v Speaker 3>Because your money is getting printed into oblivion. That is

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<v Speaker 3>why gold's trading at fifty one hundred dollars. That's why

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<v Speaker 3>silver is at eighty three dollars. That's why we were

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<v Speaker 3>buying gold when it was at eighteen hundred dollars and

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<v Speaker 3>silver was at fifteen, right, because you knew, no matter what,

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<v Speaker 3>eventually this was going to play out. And one of

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<v Speaker 3>the biggest sins I see right now is people are worried.

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<v Speaker 2>They should be. People are concerned about the financial system.

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<v Speaker 2>They should be.

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<v Speaker 3>People are sitting in cash because they think they're going

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<v Speaker 3>to lose all their money.

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<v Speaker 2>Wrong. Wrong, Wrong.

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

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<v Speaker 3>really have a stock market, but if it did, it's

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<v Speaker 3>stock market. They did in certain ways, they traded things

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<v Speaker 3>like that, but it would have been at an all

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<v Speaker 3>time high. Why for the same reason that the best

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<v Speaker 3>I want everybody to hear this. The best performing stock

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<v Speaker 3>market over the last ten years.

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<v Speaker 2>Do you know where it is? It is in Zimbabwe, Zimbabwe.

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<v Speaker 3>Gosh, the stock market has averaged about eight hundred percent

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<v Speaker 3>annual returns.

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<v Speaker 2>Pretty impressive.

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<v Speaker 3>Pretty impressive until you realize that over that same time

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<v Speaker 3>their currency depreciated by about eleven hundred percent a year. Okay,

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<v Speaker 3>so people are thinking about this all wrong. Government's printing debt.

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<v Speaker 3>We've got all this debt, we can't repay. My stocks

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<v Speaker 3>are going to crash. They might for small periods of time.

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<v Speaker 3>What's going to happen? Look at gold, look at silver.

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<v Speaker 3>All of this money needs places to go. Now, does

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<v Speaker 3>that mean we should be putting it in tech companies

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<v Speaker 3>that make less than a billion dollars of profit and

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<v Speaker 3>are valued at five hundred billion dollars?

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<v Speaker 2>Probably not right? What does it mean we should do?

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<v Speaker 3>Boy, there's a lot of things out there, like you know,

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<v Speaker 3>called natural resources, commodities, metals that nobody's interested because we

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<v Speaker 3>live in the technology age. Well, guess what makes the

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<v Speaker 3>technology run?

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<v Speaker 2>Right? Power?

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<v Speaker 3>Copper, silver, oil, right, all these things. Guess where we

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<v Speaker 3>haven't invested any money in the last fifteen years? Copper, gold, silver, oil, metals, right,

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<v Speaker 3>and so on top of it, these sectors are historically undervalued,

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<v Speaker 3>so we just you have to invest, but you cannot

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<v Speaker 3>sit there and you can't chase squirrels. Right when we've

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<v Speaker 3>got governments printing this kind of money. You have to

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<v Speaker 3>be averaging a return that is in excess of that

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<v Speaker 3>inflation rate. And don't look at three and a half.

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<v Speaker 3>It's probably more like five and a half six in reality. Right,

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<v Speaker 3>And and but you can't do the square. You can't

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<v Speaker 3>decide this week. I'm going to be a real estate

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<v Speaker 3>entrepreneur and you need to start getting returns now. And

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<v Speaker 3>notice I didn't say you have to call us, right,

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<v Speaker 3>I said you can do it.

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<v Speaker 2>On your own.

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<v Speaker 3>But unless you're going to do it full time, put

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<v Speaker 3>it in ETFs that are diversified. Just trust me as

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<v Speaker 3>opposed to believing me forty years from now when you

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<v Speaker 3>haven't made the right decision.

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<v Speaker 1>And let's face it, it's kind of easy for Elon

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<v Speaker 1>to say, hey, don't say for retirement. Right, He's never

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<v Speaker 1>gonna have to worry about that, right, Yeah.

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<v Speaker 3>And he And what he means, right is if you

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<v Speaker 3>are worried about not having a head over you know,

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<v Speaker 3>a roof over your head, if you were worried about

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<v Speaker 3>not being able to do long term care and having

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<v Speaker 3>a bunk in an alley, he's saying, don't worry about that.

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<v Speaker 2>And I think he is correct.

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<v Speaker 3>When we talk about retirement, I think we're we're looking

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<v Speaker 3>a little bit.

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<v Speaker 2>Further than three hots in a cop right, So.

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<v Speaker 3>That if we want that because I want some trips

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<v Speaker 3>from Muda, I want some good meals, right, I want

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<v Speaker 3>to keep dining. Right.

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<v Speaker 2>Yeah, we're gonna need to invest to do that.

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<v Speaker 1>Yeah, okay, that makes all kinds of sense. So it

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<v Speaker 1>sounds like this sounds like this age group is doing

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<v Speaker 1>the right stuff.

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<v Speaker 2>Then yeah, they.

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<v Speaker 3>They are, but don't But again, I see them chasing

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<v Speaker 3>a lot of individual stocks, and I see incredibly bad

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<v Speaker 3>reasons for being in those stocks, and I would encourage

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<v Speaker 3>them take a bit of humility, take a humble pill,

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<v Speaker 3>admit you don't know it, and bet on the sure

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<v Speaker 3>thing so you don't look with inflation doing what it's doing.

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<v Speaker 3>If you have the discipline to sit in real assets,

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<v Speaker 3>you will do tremendously.

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<v Speaker 2>Well over the long period of time. And they have

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<v Speaker 2>time to do that, yes, yes.

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<v Speaker 3>But if they get caught squirrel investing, you know, squirrel

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<v Speaker 3>over here, getting drug over here, getting drug over here,

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<v Speaker 3>what happens is you spin your wheels. And I cannot

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<v Speaker 3>tell you how many people I've seen do this, Right,

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<v Speaker 3>in an effort to hit a home run.

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<v Speaker 2>They go thirty years without getting on base.

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<v Speaker 3>Right, get on base, get some singles and doubles, get

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<v Speaker 3>some wins.

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<v Speaker 2>As you do.

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<v Speaker 3>You can take some shots over here and over there,

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<v Speaker 3>but don't you know, get on base, just get on.

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<v Speaker 2>It, and then you can still buy that house. Yeah, yes, yes,

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<v Speaker 2>that's exactly right.

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<v Speaker 1>So if they're investing wisely, then they can save for

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<v Speaker 1>immediate stuff and retirement. And you are the best person

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<v Speaker 1>to advise them on that. How can people contact you

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<v Speaker 1>to learn more?

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<v Speaker 2>That's so good, that's so good you are.

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<v Speaker 3>Yeah, we we got to get we got to get

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<v Speaker 3>here and do some like infomercials and stuff like that.

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<v Speaker 3>If you car wait, there's more, right, but yeah, now

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<v Speaker 3>you're pretty easy to find and go to Bullworkcapitalmanagement dot

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<v Speaker 3>com or just look for video feed on YouTube and

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<v Speaker 3>Know your Risk podcasts Know your Risk podcast dot com.

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<v Speaker 2>Not hard to find.

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<v Speaker 1>Thank you, Zach, Thanks.

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<v Speaker 2>You, ladies. Investment advisory services offered through Track Financial LLC

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<v Speaker 2>and SEC Registered investment advisor.

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<v Speaker 3>The opinions expressed in this programmer for general informational purposes

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<v Speaker 3>only and are not intended to provide specific advice or

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<v Speaker 3>recommendations for any individual or on any specific security. Any

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<v Speaker 3>references to performance of security so it thought to be

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<v Speaker 3>materially accurate, and actual performance may different.

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<v Speaker 2>Investments involve risk and or not guaranteed. Past performance doesn't

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<v Speaker 2>guarantee future results. Track twenty four three zero eight