This whole tariff situation. God, there's like specific days of the week when I really get it.

This whole tariff situation. God, there's like specific days of the week when I really get it.

The volatility has been absolutely at a very high level since January. Administration made a pause for the next ninety days. So July ninth is like the day we all need to pay attention of what ends up happening because there was a ninety day pause. Is it going to be permanent policy or is he going to reverse some of those things? And the reason why that matters is corporates have not really what I call with the tariffs, passed it on to the end consumer.

The volatility has been absolutely at a very high level since January. Administration made a pause for the next ninety days. So July ninth is like the day we all need to pay attention of what ends up happening because there was a ninety day pause. Is it going to be permanent policy or is he going to reverse some of those things? And the reason why that matters is corporates have not really what I call with the tariffs, passed it on to the end consumer.

Yet. Hey, hey, bafam, it's your girl, Mandy Money and welcome back to another episode of Brown Ambition. If you're just joining us, welcome to the BA fam. This is the podcast where we care as much about your financial glow up as you do. It is the main character of the episode here. I keep it real about money, career, financial curveball, And at a time like this, I have never been more grateful that I made this show because I need this show as much as y'all need this show. Today, I am diving deep and like headlong into the question that y'all have been sending me on Instagram. By the way, at Branda Mission Podcast, I actually read your dm so please send them to me. Love your feedback. But y'all are stressed. I mean I went on my Instagram stories recently and I asked, what are y'all uncertain about? What is keeping you up at night? And again and again. What I heard was the stock market, the economy, inflation, the job market, all of those things. Now, I can't tackle like everything in one episode, so I thought today I would bring on an expert and have a really frank discussion about how do we invest how do we make a financial plan at a time like this when everything is just bat ish crazy. Y'all know what I'm talking about, Okay. I mean, y'all probably hear it in your group chat, And if it's not in your group chat, y'all probably wish it was in the group chat so you wouldn't feel so alone. That's why Brown Ambition is here. So if you're someone like me, you've been side eyeing your four to oh one k, you're wondering if you should do something, do nothing, or just like go hide for me in my emotional support vehicle. I just hide in my car sometimes and spend like thirty minutes doom scrolling or just staring off into space, and it's my safe space. You know. Maybe that for you is like under your covers with a great show on Netflix. Maybe it's going to a friend's place. Whatever it is, we are getting out from under the covers today. I am getting out of my emotional support car. Y'all see I'm not well. If you're on YouTube, you see I'm not in the car right now. I am here with y'all, and we are going to confront this head on, so to help make sense of all of this market madness. I'm joined by none other than Raquel Odin, the US head of Wealth Premiere and Global Private Banking. In other words, she runs that iss y'all. She is overseeing all the wealth advisors at this massive global bank HSBC, and she's here today with us, with me, which is incredible. She is, and I don't say this lightly, one of the most powerful women in banking, one of the most powerful Black women in banking. She's got over thirty years of experience helping people just like us navigate the ups, the downs, and the what even is happening right now moments in our financial life. On today's episode, we're going to talk about how to handle market volatility without losing your mind or hopefully your money, Which sectors might actually be smart to invest in right now, Why my own financial strategy set it and forget it is not exactly the right strategy to be using right now. In fact, I am literally going to log into my investment accounts and check my investments for the first time in months. And Raquel isn't she she's not going to read me for filth. She's very gentle with me. But I actually discover something crazy about my own investments that I thought I knew what I was invested in. But I was shocked to find out what I did about my investments today. And I wouldn't have done that if Raquel wouldn't have snatched me together and said, girl, if you don't log into that Vanguard account and see what's going on in there, and I'm so glad I did. We're also going to talk about how women, especially you know us women of color, are changing the investing game. So talking get out a pen and paper, and if anything, get ready to see what it can be like if we just stop being afraid and stressed and nervous about seeing what's going on in our finances and we actually confront it head on. So this was a huge step outside of my own comfort zone. I am asking y'all to do the same and meet me here in this safe space we've created on Brown Ambition where we are going to feel empowered to take char of our finances, to actually get in the driver's seat when it comes to our investing strategy. And it all starts today. Welcome to the Brown Ambition Podcast again for my new Ba fam, Hello and for Ogba Fam. I love y'all so much. Enjoy today's show, Brown Ambition. At a time like this, it is I'm so grateful to have this platform. I think that it gives us a way to speak right to the community. Who is you know, really going through it in so many ways? And today we're just going to talk about the financial ways that we are going through it now. In your experience, you're working at one of the biggest banks in the world right and you probably or you tell me, but do you feel like you get a really good sense of what the typical like American savior investor is going through right now, Like what they're struggling with what are the biggest questions we're having.

Yet. Hey, hey, bafam, it's your girl, Mandy Money and welcome back to another episode of Brown Ambition. If you're just joining us, welcome to the BA fam. This is the podcast where we care as much about your financial glow up as you do. It is the main character of the episode here. I keep it real about money, career, financial curveball, And at a time like this, I have never been more grateful that I made this show because I need this show as much as y'all need this show. Today, I am diving deep and like headlong into the question that y'all have been sending me on Instagram. By the way, at Branda Mission Podcast, I actually read your dm so please send them to me. Love your feedback. But y'all are stressed. I mean I went on my Instagram stories recently and I asked, what are y'all uncertain about? What is keeping you up at night? And again and again. What I heard was the stock market, the economy, inflation, the job market, all of those things. Now, I can't tackle like everything in one episode, so I thought today I would bring on an expert and have a really frank discussion about how do we invest how do we make a financial plan at a time like this when everything is just bat ish crazy. Y'all know what I'm talking about, Okay. I mean, y'all probably hear it in your group chat, And if it's not in your group chat, y'all probably wish it was in the group chat so you wouldn't feel so alone. That's why Brown Ambition is here. So if you're someone like me, you've been side eyeing your four to oh one k, you're wondering if you should do something, do nothing, or just like go hide for me in my emotional support vehicle. I just hide in my car sometimes and spend like thirty minutes doom scrolling or just staring off into space, and it's my safe space. You know. Maybe that for you is like under your covers with a great show on Netflix. Maybe it's going to a friend's place. Whatever it is, we are getting out from under the covers today. I am getting out of my emotional support car. Y'all see I'm not well. If you're on YouTube, you see I'm not in the car right now. I am here with y'all, and we are going to confront this head on, so to help make sense of all of this market madness. I'm joined by none other than Raquel Odin, the US head of Wealth Premiere and Global Private Banking. In other words, she runs that iss y'all. She is overseeing all the wealth advisors at this massive global bank HSBC, and she's here today with us, with me, which is incredible. She is, and I don't say this lightly, one of the most powerful women in banking, one of the most powerful Black women in banking. She's got over thirty years of experience helping people just like us navigate the ups, the downs, and the what even is happening right now moments in our financial life. On today's episode, we're going to talk about how to handle market volatility without losing your mind or hopefully your money, Which sectors might actually be smart to invest in right now, Why my own financial strategy set it and forget it is not exactly the right strategy to be using right now. In fact, I am literally going to log into my investment accounts and check my investments for the first time in months. And Raquel isn't she she's not going to read me for filth. She's very gentle with me. But I actually discover something crazy about my own investments that I thought I knew what I was invested in. But I was shocked to find out what I did about my investments today. And I wouldn't have done that if Raquel wouldn't have snatched me together and said, girl, if you don't log into that Vanguard account and see what's going on in there, and I'm so glad I did. We're also going to talk about how women, especially you know us women of color, are changing the investing game. So talking get out a pen and paper, and if anything, get ready to see what it can be like if we just stop being afraid and stressed and nervous about seeing what's going on in our finances and we actually confront it head on. So this was a huge step outside of my own comfort zone. I am asking y'all to do the same and meet me here in this safe space we've created on Brown Ambition where we are going to feel empowered to take char of our finances, to actually get in the driver's seat when it comes to our investing strategy. And it all starts today. Welcome to the Brown Ambition Podcast again for my new Ba fam, Hello and for Ogba Fam. I love y'all so much. Enjoy today's show, Brown Ambition. At a time like this, it is I'm so grateful to have this platform. I think that it gives us a way to speak right to the community. Who is you know, really going through it in so many ways? And today we're just going to talk about the financial ways that we are going through it now. In your experience, you're working at one of the biggest banks in the world right and you probably or you tell me, but do you feel like you get a really good sense of what the typical like American savior investor is going through right now, Like what they're struggling with what are the biggest questions we're having.

It's great, Mandy, thank you for having me excited to be here with you, and couldn't agree more. Working for a large global bank or just all of us, this is one thing we all have in common. And there's definitely three things I probably would put it under the lens of Number one would definitely be uncertainty trying to understand what is going on right now. The second one would be how to manage through this extreme market volatility we're all experiencing. And then thirdly would be the impact that we are seeing based on this administration and words and policies such as tariffs, what does that really mean to me? And then again the fourth one, I'm going to add one more, which is just individual everyday living things seem more expensive. We also don't know what this really means from a long term standpoint, based on all the commitments we received as it related to this administration coming in on our expectations. So are the expectations we all wanted are we seeing it? And right now with all the things that I just mentioned, you know, those are three things that are still not result for individual.

It's great, Mandy, thank you for having me excited to be here with you, and couldn't agree more. Working for a large global bank or just all of us, this is one thing we all have in common. And there's definitely three things I probably would put it under the lens of Number one would definitely be uncertainty trying to understand what is going on right now. The second one would be how to manage through this extreme market volatility we're all experiencing. And then thirdly would be the impact that we are seeing based on this administration and words and policies such as tariffs, what does that really mean to me? And then again the fourth one, I'm going to add one more, which is just individual everyday living things seem more expensive. We also don't know what this really means from a long term standpoint, based on all the commitments we received as it related to this administration coming in on our expectations. So are the expectations we all wanted are we seeing it? And right now with all the things that I just mentioned, you know, those are three things that are still not result for individual.

Yeah, it's just and you know, and We don't really do well with discomfort and uncertainty, as you very well know. I mean, you've been in banking for how many years now, thirty years, thirty years, so this is not your first volatile economy, you know. I imagine you must feel how I felt that, Like three thirty am, when my toddler's screaming at me and can't really articulate, and really I'm just like, you're tired, go to sleep, but he's like, no, what I really want to do is throw some trucks around and watch pepa peg at three thirty in the morning. But I know it's best for him, but he's not listening.

Yeah, it's just and you know, and We don't really do well with discomfort and uncertainty, as you very well know. I mean, you've been in banking for how many years now, thirty years, thirty years, so this is not your first volatile economy, you know. I imagine you must feel how I felt that, Like three thirty am, when my toddler's screaming at me and can't really articulate, and really I'm just like, you're tired, go to sleep, but he's like, no, what I really want to do is throw some trucks around and watch pepa peg at three thirty in the morning. But I know it's best for him, but he's not listening.

It's not well. I think you might say too, We're not sure who's listening. But I do think it's important that one I start with, you should not feel alone. Right, So, no matter where you are in your financial journey, no matter how much money you have, how big or how little, we're all feeling the same. Right. Always want to give everyone permission that it's okay tof not feel okay, because that's how we're all feeling.

It's not well. I think you might say too, We're not sure who's listening. But I do think it's important that one I start with, you should not feel alone. Right, So, no matter where you are in your financial journey, no matter how much money you have, how big or how little, we're all feeling the same. Right. Always want to give everyone permission that it's okay tof not feel okay, because that's how we're all feeling.

Yeah, And you know, the inclination is like, I'm not feeling this way, so I need to do something if I just could do something, I could if I was just smart enough, or I had the right tip or strategy. And then you get questions like we're getting from ba Fan, which is like should I be making any adjustments to my investments or is it safe to invest anymore? You know, ah, what can I do? And sometimes what they don't want to hear is like probably nothing. But how would you answer that question when the answer is like what thing can I do today to make myself feel better?

Yeah, And you know, the inclination is like, I'm not feeling this way, so I need to do something if I just could do something, I could if I was just smart enough, or I had the right tip or strategy. And then you get questions like we're getting from ba Fan, which is like should I be making any adjustments to my investments or is it safe to invest anymore? You know, ah, what can I do? And sometimes what they don't want to hear is like probably nothing. But how would you answer that question when the answer is like what thing can I do today to make myself feel better?

So it starts with one I tell everyone the same thing, which is, in these moments, you really do feel paralyzed, right because you don't know do I just stay, do I move? Am I missing out on the opportunity? And the answer is all three. So if you have long term investments, I always say stay the course. Markets always always recover, right, So that's the resiliency of the markets we can rely on. But again, when I say stay the course, that's going to be for the things that you have put away for long term retirement. You know your four oh one k it could be your education for your young son that one day's going away for school, but he's not going to school tomorrow, so you know, you're investing right now for the long term, and so in this moment lots of volatility, but the markets do recover, So if you are in the market, you should stay the course. But at the same time because there is a lot of volatility, so it's actually a buying opportunity. And that always feels pretty counter to individuals because when you see the market doing these swings and you see it going down exponentially on some days, you say to yourself, well, I don't want to be part of that. Well, that's actually the opportunity where you can enter. It's kind of what I call counter to your emotions, and that's the hard part about investing Emotionally, you say, why do I want to be part of something that's going down? But really that's really the greatest opportunity for you to kind of potentially enter in the markets. And then as part of that buying opportunity, you want to make sure you're focused on particular sectors only because in this environment right now, things such as tariff will have impact on some very important sectors and there'd be some sectors it does not have impact on. To keep that in mind, I always been a big advocate if I think about the sectors that I think are going to be resilient, meaning they're going to do well even in this time and really have good what I consider long term trajectory on growth. One, I always start with technology, the tech sector. You know. The irony of this is, before all this started, there was something called the MAG seven and extremely expensive. We were seeing crazy increases in the MAG seven where people just couldn't even like be able to enter about Amazon and the video it's just the vidio. It's so exciting the video. Right. So here's where you'd say with AIS. When I say tech, I'm really pointing to the AI side of it. So thank you, Mandy. That is really what I mean by tech. It's really talking about in the importance of AI. AI's in the early innings, very early stages. Quite honestly, if you think about the dot com eraror of the nineteen nineties where we were trying to figure out where the Internet was going and what dot coms we're going to make it, we're literally in the beginning of that phase right now with AI, and so it's a buying opportunity, right, and so with this market volatility, there are great MAG seven tech companies that are what i'd say, leaning into that AI component that you could actually have the opportunity be part of. I also think, hello, okay.

So it starts with one I tell everyone the same thing, which is, in these moments, you really do feel paralyzed, right because you don't know do I just stay, do I move? Am I missing out on the opportunity? And the answer is all three. So if you have long term investments, I always say stay the course. Markets always always recover, right, So that's the resiliency of the markets we can rely on. But again, when I say stay the course, that's going to be for the things that you have put away for long term retirement. You know your four oh one k it could be your education for your young son that one day's going away for school, but he's not going to school tomorrow, so you know, you're investing right now for the long term, and so in this moment lots of volatility, but the markets do recover, So if you are in the market, you should stay the course. But at the same time because there is a lot of volatility, so it's actually a buying opportunity. And that always feels pretty counter to individuals because when you see the market doing these swings and you see it going down exponentially on some days, you say to yourself, well, I don't want to be part of that. Well, that's actually the opportunity where you can enter. It's kind of what I call counter to your emotions, and that's the hard part about investing Emotionally, you say, why do I want to be part of something that's going down? But really that's really the greatest opportunity for you to kind of potentially enter in the markets. And then as part of that buying opportunity, you want to make sure you're focused on particular sectors only because in this environment right now, things such as tariff will have impact on some very important sectors and there'd be some sectors it does not have impact on. To keep that in mind, I always been a big advocate if I think about the sectors that I think are going to be resilient, meaning they're going to do well even in this time and really have good what I consider long term trajectory on growth. One, I always start with technology, the tech sector. You know. The irony of this is, before all this started, there was something called the MAG seven and extremely expensive. We were seeing crazy increases in the MAG seven where people just couldn't even like be able to enter about Amazon and the video it's just the vidio. It's so exciting the video. Right. So here's where you'd say with AIS. When I say tech, I'm really pointing to the AI side of it. So thank you, Mandy. That is really what I mean by tech. It's really talking about in the importance of AI. AI's in the early innings, very early stages. Quite honestly, if you think about the dot com eraror of the nineteen nineties where we were trying to figure out where the Internet was going and what dot coms we're going to make it, we're literally in the beginning of that phase right now with AI, and so it's a buying opportunity, right, and so with this market volatility, there are great MAG seven tech companies that are what i'd say, leaning into that AI component that you could actually have the opportunity be part of. I also think, hello, okay.

I love and you're going to talk about healthcare. Cool. I just want to know because I was just talking about this yesterday. There's ways to invest in these sectors, like you said, without picking one company here and there, right, So can we talk about that? You keep going though, but I want to talk about like nope, and mutual funds ETFs. What are we talking about here?

I love and you're going to talk about healthcare. Cool. I just want to know because I was just talking about this yesterday. There's ways to invest in these sectors, like you said, without picking one company here and there, right, So can we talk about that? You keep going though, but I want to talk about like nope, and mutual funds ETFs. What are we talking about here?

Yeah? So when I start with you know the idea of sectors and so you talked about tech but being very specific on the AI tech company, so maybe you know that and subtlety that you talked about. I mentioned healthcare only because again with the innovation and AI, it is having exponential impact on the healthcare sector. Right, So when you think about healthcare and where we're going, it is really going to be a catalyst for that sector where it's going to do really well long term. And I could point to utilities as a third one. So to your exact question, Uh, it isn't about buying single stocks all the time. It depends where you are in your investment journey. It really is about diversifying portfolios, right, So it really is figuring out how do I get into a managed portfolio of a bunch of stocks and bonds put together. That allows me to say, which, how heavy do I want to be in equities right now? Versus how do I want to be and let's say fixed income, alternatives or structure. Right So, even from that standpoint of diversifying your portfolio, and then very specifically within the equities bucket is where you heard me talking about, let's focus on tech, let's focus on healthcare, let's focus on you know, let's focus on mutilities. There's a reason why we're saying it in that standpoint that where i'd say, in markets like this, this is where you have a CAP twenty two, I'm not saying you should not buy individual stocks, that there are going to be particular ones that you've always had interest in or that you think matter to you, but I wouldn't use this as the opportunity for you to now start managing full portfolios. Right And so that does include what type of product solutions are we going for? Is it mutual funds like you said, is it ETF? What type of bonds? You know, where should I put in my treasuries. That gets to the point where you might say, this is where I'm also giving the abvacy advocacy to everybody to say, in markets like this that are pretty complex right now, there is not one person that has the answer to where this is going and what it's going to need. I also give people permission to get professional help well, because this is a really complicated market right now that I'd have to say based on an administration that we have in office right now and where we are focused on the balance of inflation as well as what we're actually seeing from the standpoint of performance in the markets. It's not one we can point to history on and so this is where if you've run and you have the ability to do so, it is important to one get on podcasts like this and really listen to what people are telling you in the standpoint of what do I need separate long term needs versus short term needs. So I just told you, like, stay the course on your long term needs, but there are things you could be doing in the short term if you've got short term cash needs, things where you don't have five or ten years. There's different recommendations I'd make you know. I would say treasuries are really a good opportunity right now. Gold is doing really well now. Hedge funds is another what I call short term vehicle that you could focus on right now for needs of ensuring that you're not seeing in a checking account a cash checking account and getting no yield. But there are safer, shorter term products where you can get yielded but still have access to that cash right and not having to wait for that long resolve of the markets in order for you to actually see the results you're looking for. So there are many aspects you can pull on depending on where you are and what's important to you right now. But I always tell people time horizon matters like how quickly do you need access to this? What's your risk tolerance? How much can you afford to sit through this and be patient? And then importantly, diversification. There isn't one answer. It isn't one buying one stock or buying one bond, right you want to diversify in a market like this. And then the fourth one would be I need you to stay active.

Yeah? So when I start with you know the idea of sectors and so you talked about tech but being very specific on the AI tech company, so maybe you know that and subtlety that you talked about. I mentioned healthcare only because again with the innovation and AI, it is having exponential impact on the healthcare sector. Right, So when you think about healthcare and where we're going, it is really going to be a catalyst for that sector where it's going to do really well long term. And I could point to utilities as a third one. So to your exact question, Uh, it isn't about buying single stocks all the time. It depends where you are in your investment journey. It really is about diversifying portfolios, right, So it really is figuring out how do I get into a managed portfolio of a bunch of stocks and bonds put together. That allows me to say, which, how heavy do I want to be in equities right now? Versus how do I want to be and let's say fixed income, alternatives or structure. Right So, even from that standpoint of diversifying your portfolio, and then very specifically within the equities bucket is where you heard me talking about, let's focus on tech, let's focus on healthcare, let's focus on you know, let's focus on mutilities. There's a reason why we're saying it in that standpoint that where i'd say, in markets like this, this is where you have a CAP twenty two, I'm not saying you should not buy individual stocks, that there are going to be particular ones that you've always had interest in or that you think matter to you, but I wouldn't use this as the opportunity for you to now start managing full portfolios. Right And so that does include what type of product solutions are we going for? Is it mutual funds like you said, is it ETF? What type of bonds? You know, where should I put in my treasuries. That gets to the point where you might say, this is where I'm also giving the abvacy advocacy to everybody to say, in markets like this that are pretty complex right now, there is not one person that has the answer to where this is going and what it's going to need. I also give people permission to get professional help well, because this is a really complicated market right now that I'd have to say based on an administration that we have in office right now and where we are focused on the balance of inflation as well as what we're actually seeing from the standpoint of performance in the markets. It's not one we can point to history on and so this is where if you've run and you have the ability to do so, it is important to one get on podcasts like this and really listen to what people are telling you in the standpoint of what do I need separate long term needs versus short term needs. So I just told you, like, stay the course on your long term needs, but there are things you could be doing in the short term if you've got short term cash needs, things where you don't have five or ten years. There's different recommendations I'd make you know. I would say treasuries are really a good opportunity right now. Gold is doing really well now. Hedge funds is another what I call short term vehicle that you could focus on right now for needs of ensuring that you're not seeing in a checking account a cash checking account and getting no yield. But there are safer, shorter term products where you can get yielded but still have access to that cash right and not having to wait for that long resolve of the markets in order for you to actually see the results you're looking for. So there are many aspects you can pull on depending on where you are and what's important to you right now. But I always tell people time horizon matters like how quickly do you need access to this? What's your risk tolerance? How much can you afford to sit through this and be patient? And then importantly, diversification. There isn't one answer. It isn't one buying one stock or buying one bond, right you want to diversify in a market like this. And then the fourth one would be I need you to stay active.

Hey bafam, We're going to take a quick break, pay some bills, and we'll be right back all right, ba Fan, we're back.

Hey bafam, We're going to take a quick break, pay some bills, and we'll be right back all right, ba Fan, we're back.

And what I mean by active is these sectors will be changing based on all these different things that are happening and policy changes that are happening. So that also means you have to actively probably pivot depending on the sector quite honestly. And the reason why you think about this the terrors you know definitely have impacted, for example, the tech sector. So I told you that's a buying opportunity. So that's why you get to stay active, Like this is where you could enter financials. Banks right now are definitely being impacted by these terrffs. Manufacturing is being impacted by these terrors, right, So either you see that as a buying opportunity or you see that as an opportunity that if it's in your portfolio, you should probably divest of that and figure out what other sectors are going to do better in an environment like that. So I'm back to my state of active.

And what I mean by active is these sectors will be changing based on all these different things that are happening and policy changes that are happening. So that also means you have to actively probably pivot depending on the sector quite honestly. And the reason why you think about this the terrors you know definitely have impacted, for example, the tech sector. So I told you that's a buying opportunity. So that's why you get to stay active, Like this is where you could enter financials. Banks right now are definitely being impacted by these terrffs. Manufacturing is being impacted by these terrors, right, So either you see that as a buying opportunity or you see that as an opportunity that if it's in your portfolio, you should probably divest of that and figure out what other sectors are going to do better in an environment like that. So I'm back to my state of active.

That's where I feel like when you do something with it's kind of like I'm coming up with a metaphor for this, like an analogy. But I keep trying to grow tomatoes and I put the seeds in the pot and I water them and a little in the little like the three inch little shoots start coming up, and I'm like, I'm going to have tomatoes this summer. Then life starts happening. I forget to water them one day, you know, or I get back on the watering track, or then like I forget there's going to be a frost tonight. I should bring them inside. I really shouldn't have started it before the last frost anyway. And then I'm like, well, damn, the seedlings have all died. And I kind of feel like with investing, it's like we start doing something with the best intention and we make a we do it really well, but maintaining like you said, to stay active, you're signing up for a job, like you're signing up for needing to be if you want to do it well and you want to be successful with these investments, you know, picking and choosing, like you need to be capable of paying attention and going in and out, you know, as frequently as you may need to make those adjustments. And I ain't got that kind of focus. I don't like it. I've always been a target date fund, index fund. Girly, I'm like, give me the total stock market. Give me, maybe I'll spice it up and get a little ETF here and there. You know, ETFs I kind of think of like Ben and Jerry's flavors. I'm like, oh, I can get this flavor. I'm sure there's an ai ETF. I haven't even bothered to go get yet, socially responsible ones, what have you. So I just want to like remind folks, it's like, if you go this route of being active, can you sustain it? Are you going to forget to water it someday and you're going to look back at it and be like oops? Then then I feel like, are you really the best kind of person for like a more active investing strategy?

That's where I feel like when you do something with it's kind of like I'm coming up with a metaphor for this, like an analogy. But I keep trying to grow tomatoes and I put the seeds in the pot and I water them and a little in the little like the three inch little shoots start coming up, and I'm like, I'm going to have tomatoes this summer. Then life starts happening. I forget to water them one day, you know, or I get back on the watering track, or then like I forget there's going to be a frost tonight. I should bring them inside. I really shouldn't have started it before the last frost anyway. And then I'm like, well, damn, the seedlings have all died. And I kind of feel like with investing, it's like we start doing something with the best intention and we make a we do it really well, but maintaining like you said, to stay active, you're signing up for a job, like you're signing up for needing to be if you want to do it well and you want to be successful with these investments, you know, picking and choosing, like you need to be capable of paying attention and going in and out, you know, as frequently as you may need to make those adjustments. And I ain't got that kind of focus. I don't like it. I've always been a target date fund, index fund. Girly, I'm like, give me the total stock market. Give me, maybe I'll spice it up and get a little ETF here and there. You know, ETFs I kind of think of like Ben and Jerry's flavors. I'm like, oh, I can get this flavor. I'm sure there's an ai ETF. I haven't even bothered to go get yet, socially responsible ones, what have you. So I just want to like remind folks, it's like, if you go this route of being active, can you sustain it? Are you going to forget to water it someday and you're going to look back at it and be like oops? Then then I feel like, are you really the best kind of person for like a more active investing strategy?

I love everything you said, and it's all accurate. So when I say active that term cough. I love that. Okay.

I love everything you said, and it's all accurate. So when I say active that term cough. I love that. Okay.

First of all, for you to say that something I said is accurate is great.

First of all, for you to say that something I said is accurate is great.

Everyone's with me, right, But what you do is you said it, I'm going to buy an index fund where I've outsourced it to the index fund. And what I mean by active is just open the statements, pay attention to how it's performing and what it's doing. I was not advocating that you now need to start picking and buying certain stocks in certain bonds. Second pieces, I said outsource it, meaning get someone who can professionally and give you advice on this because you're right knowing who you are, and if you have lifestyles. I have individuals who say I live for this, I want to be active, I want to make my picks, I want to know where to go, and I'd say majority of us are what you just described, and active can mean different ways. Active meaning you want to be involved in buying and selling of the portfolio, not a huge advocate for it. By the way, I do believe in outsourcing it to funds that are already built on diversification and are going to be what I call aggressive or moderate, so you can kind of decide what the level of what I call risk tolerance you have so you find that right portfolio that works for you. And then third would be having a professional who really walks through your financial plan, figures out your goals, and then align to all your investments against it. So my point here is you could be any of those terms of active. And then the fourth one, the most important one is on your four to one K. Clearly, if you have a four to one K right, it's being run by your company, and I got picked when you probably onboarded. Actively, open your statement and see how it's doing. Active can mean lots of different things, but closing your eyes and saying, I pray everything's okay is the one where I do need people to kind of lean in a little bit more than that. And I think many are in that bucket where like I just stop opening my statements, I just stop looking how everything was doing because it's just so crazy right now, and it's like, well, you know, this is the time you should open it. At the same time, you will definitely see maybe a little velocity happening right which is which we all understand. But then you have to remind yourself, okay, is this going to help me still meet my goal over the next ten to fifteen years. And the professional will tell you, while we are seeing a little volatility, this is a sector that's going to do great over time. So while we're seeing a blimp right now, we should stay the course on this one. Maybe not, because this is a sector that's changing quite a bit. And so that's what I mean by active could be how you define it to be, but closing your eyes and not paying attention at all. Probably is the one that I am going to advocate you do a little more, for more.

Everyone's with me, right, But what you do is you said it, I'm going to buy an index fund where I've outsourced it to the index fund. And what I mean by active is just open the statements, pay attention to how it's performing and what it's doing. I was not advocating that you now need to start picking and buying certain stocks in certain bonds. Second pieces, I said outsource it, meaning get someone who can professionally and give you advice on this because you're right knowing who you are, and if you have lifestyles. I have individuals who say I live for this, I want to be active, I want to make my picks, I want to know where to go, and I'd say majority of us are what you just described, and active can mean different ways. Active meaning you want to be involved in buying and selling of the portfolio, not a huge advocate for it. By the way, I do believe in outsourcing it to funds that are already built on diversification and are going to be what I call aggressive or moderate, so you can kind of decide what the level of what I call risk tolerance you have so you find that right portfolio that works for you. And then third would be having a professional who really walks through your financial plan, figures out your goals, and then align to all your investments against it. So my point here is you could be any of those terms of active. And then the fourth one, the most important one is on your four to one K. Clearly, if you have a four to one K right, it's being run by your company, and I got picked when you probably onboarded. Actively, open your statement and see how it's doing. Active can mean lots of different things, but closing your eyes and saying, I pray everything's okay is the one where I do need people to kind of lean in a little bit more than that. And I think many are in that bucket where like I just stop opening my statements, I just stop looking how everything was doing because it's just so crazy right now, and it's like, well, you know, this is the time you should open it. At the same time, you will definitely see maybe a little velocity happening right which is which we all understand. But then you have to remind yourself, okay, is this going to help me still meet my goal over the next ten to fifteen years. And the professional will tell you, while we are seeing a little volatility, this is a sector that's going to do great over time. So while we're seeing a blimp right now, we should stay the course on this one. Maybe not, because this is a sector that's changing quite a bit. And so that's what I mean by active could be how you define it to be, but closing your eyes and not paying attention at all. Probably is the one that I am going to advocate you do a little more, for more.

I was hoping you were just going to say said it and forget it. You know, that's my problem is it's not a problem, but I would I sort of saw it as a superpower that when things like this, when there was volatility, that I wouldn't check my my my long term investments, like I have a Vanguard account. I wouldn't go in there and try.

I was hoping you were just going to say said it and forget it. You know, that's my problem is it's not a problem, but I would I sort of saw it as a superpower that when things like this, when there was volatility, that I wouldn't check my my my long term investments, like I have a Vanguard account. I wouldn't go in there and try.

To like I just trust that, but I open the Vanguard account. By the way, just take it.

To like I just trust that, but I open the Vanguard account. By the way, just take it.

I'm doing it with you. It's why I'm kind of smiling because I'm like, well, I'm about to do it because I want you to then walk me through so a healthy way to do this. I want, ba fam. I want us to understand the right approach and a time like this, like let's look at it together, ba fam, Like we've been working hard. A lot of our listeners. I know y'all got four one case. Maybe you have a little brokerage, a little you know, roth Iray on the side. You're maxing it out, you're doing the big one. So talk me through it, Raquel. I'm in my account we ain't got to talk about numbers. But I started when I was twenty four, so I'm very proud of her. Okay, I'm here, I'm on my dashboard. The number seems near what it was. Okay, my rate of return is eleven point seven percent?

I'm doing it with you. It's why I'm kind of smiling because I'm like, well, I'm about to do it because I want you to then walk me through so a healthy way to do this. I want, ba fam. I want us to understand the right approach and a time like this, like let's look at it together, ba fam, Like we've been working hard. A lot of our listeners. I know y'all got four one case. Maybe you have a little brokerage, a little you know, roth Iray on the side. You're maxing it out, you're doing the big one. So talk me through it, Raquel. I'm in my account we ain't got to talk about numbers. But I started when I was twenty four, so I'm very proud of her. Okay, I'm here, I'm on my dashboard. The number seems near what it was. Okay, my rate of return is eleven point seven percent?

What's the rate of return right now?

What's the rate of return right now?

Going on?

Going on?

What's going on with the market? That's actually if you look at the S and P or the Dow, are you outperforming the benchmark? And I don't know what time period we're talking about here, so you're you're looking for that. You just said you're invest mint or Cynthian. You said it just.

What's going on with the market? That's actually if you look at the S and P or the Dow, are you outperforming the benchmark? And I don't know what time period we're talking about here, so you're you're looking for that. You just said you're invest mint or Cynthian. You said it just.

Over a decade. I've been invested since.

Over a decade. I've been invested since.

Okay, twenty fourteen, and you've had about eleven point nine percent return. Yeah, okay, what does a checking account pay you right now?

Okay, twenty fourteen, and you've had about eleven point nine percent return. Yeah, okay, what does a checking account pay you right now?

Like negative money?

Like negative money?

Okay, here's your answer. Yeah, yeah, you are doing better then if you were just sitting in cash and you're checking account. I go from that basic level of like pat yourself on the back. Great, I have performed where my cash and my investment are doing better than if I had just sat in cash. Right, I also didn't spend it. That's amazing, Right, this is going towards something, right, So I'm like, I'm building a future for myself right and it's doing better than cash, and it's doing better than the markets, like you know, the benchmark of the markets right now. So that's okay. And by the way, that eleven point nine that you're looking at at some periods might have been at twenty one, might have been at eighteen. Right now, it's eleven point nine because of where we are in this market today. But it's still doing better. And if you had done nothing, it's doing better than if you were in cash. So this isn't about the big win every moment right now. But you're doing very responsible growth. That's great.

Okay, here's your answer. Yeah, yeah, you are doing better then if you were just sitting in cash and you're checking account. I go from that basic level of like pat yourself on the back. Great, I have performed where my cash and my investment are doing better than if I had just sat in cash. Right, I also didn't spend it. That's amazing, Right, this is going towards something, right, So I'm like, I'm building a future for myself right and it's doing better than cash, and it's doing better than the markets, like you know, the benchmark of the markets right now. So that's okay. And by the way, that eleven point nine that you're looking at at some periods might have been at twenty one, might have been at eighteen. Right now, it's eleven point nine because of where we are in this market today. But it's still doing better. And if you had done nothing, it's doing better than if you were in cash. So this isn't about the big win every moment right now. But you're doing very responsible growth. That's great.

Yeah, one year it's up fourteen percent. This is when I start to toggle and I'm like, oh, well in the past year. I think I looked in here one time and it was like twenty percent, but it had been a big dip right before you.

Yeah, one year it's up fourteen percent. This is when I start to toggle and I'm like, oh, well in the past year. I think I looked in here one time and it was like twenty percent, but it had been a big dip right before you.

Is I'd say to you, Mandy, Yeah, when you started this commitment in ten years ago, you know, your hope and goal was to when we're going to actually need access or use of this money.

Is I'd say to you, Mandy, Yeah, when you started this commitment in ten years ago, you know, your hope and goal was to when we're going to actually need access or use of this money.

Well, I think in an ideal world, we wouldn't access it until we are living off of it to supplement retirement.

Well, I think in an ideal world, we wouldn't access it until we are living off of it to supplement retirement.

Okay, so you've got time. So what you could say to yourself is like, oh, am I being aggressive enough? You know I do have ten or fifteen year time horizon, so.

Okay, so you've got time. So what you could say to yourself is like, oh, am I being aggressive enough? You know I do have ten or fifteen year time horizon, so.

Excuse me, emo, I have more than that.

Excuse me, emo, I have more than that.

I'm saying as to when you may want, like at a minimum ten to fifteen. So it's less about retirement, but when would you actually get to the point, And it could be like retirement, by the way, is different for everybody. Retirement could be I only want to do this for another five to ten years. So I'm going to go back to those questions of the time horizon is a critical thing we need to distinguish for retirement means completely different numbers to every single person. Right, you're going to say, you know, I'm an entrepreneur, I've done my thing, I want to be done by X and I want to really focus on traveling and all these other things. So one, you're starting at an incredible place, so I'm happy you're willing to share that. Like that number is a great number, by the way, eleven point nine percent.

I'm saying as to when you may want, like at a minimum ten to fifteen. So it's less about retirement, but when would you actually get to the point, And it could be like retirement, by the way, is different for everybody. Retirement could be I only want to do this for another five to ten years. So I'm going to go back to those questions of the time horizon is a critical thing we need to distinguish for retirement means completely different numbers to every single person. Right, you're going to say, you know, I'm an entrepreneur, I've done my thing, I want to be done by X and I want to really focus on traveling and all these other things. So one, you're starting at an incredible place, so I'm happy you're willing to share that. Like that number is a great number, by the way, eleven point nine percent.

And then you'd say, I was going to say, what am I sharing my screen? Oops? I didn't know to tell you, Okay, what.

And then you'd say, I was going to say, what am I sharing my screen? Oops? I didn't know to tell you, Okay, what.

You stated, which is a really great way.

You stated, which is a really great way.

I wouldn't want to share my screen.

I wouldn't want to share my screen.

No, you just thought about no I want to should share the screen. Told me the overall number, and that's all that really matters, right, And then you could say in order for me to retire comfortably and whatever date you've given yourself, So I don't know, you know you should identify that as a ten, fifteen, twenty years. I need to be at X because this is the lifestyle I plan on living on. And we know we get into retirement stage, it's all decumulation, right, There's nothing coming in anymore, and it's just all spending, right, And so as I start preparing for that, I'm going to bring down my everyday debt, right, so I have less that I have to put out in that time period. Right. So these are just all logical questions you're going to ask yourself as you're thinking about the different ways that you are going to need the money, the time you will need it, and understanding if you really use the word retirement, that really means that's where you just do extreme spending at that point, right, because nothing is technically coming in anymore. But you've created the lifestyle you want, so based on that. By the way, if you're sitting with a planner or you're dealing with your advisor or somebody you're working with professionally, that's the question you want to make sure you get answered. So when I go back and I look at that number of eleven point nine percent, I would know my mind, is that a good thing or a bad thing? Because if I had laid out in order for me to have this comfortable retirement, my returns need to be X at that timing, right, So that's a logical way to ask the question, so that you know, is a eleven point nine percent good to great? By the way it is, But let's pretend.

No, you just thought about no I want to should share the screen. Told me the overall number, and that's all that really matters, right, And then you could say in order for me to retire comfortably and whatever date you've given yourself, So I don't know, you know you should identify that as a ten, fifteen, twenty years. I need to be at X because this is the lifestyle I plan on living on. And we know we get into retirement stage, it's all decumulation, right, There's nothing coming in anymore, and it's just all spending, right, And so as I start preparing for that, I'm going to bring down my everyday debt, right, so I have less that I have to put out in that time period. Right. So these are just all logical questions you're going to ask yourself as you're thinking about the different ways that you are going to need the money, the time you will need it, and understanding if you really use the word retirement, that really means that's where you just do extreme spending at that point, right, because nothing is technically coming in anymore. But you've created the lifestyle you want, so based on that. By the way, if you're sitting with a planner or you're dealing with your advisor or somebody you're working with professionally, that's the question you want to make sure you get answered. So when I go back and I look at that number of eleven point nine percent, I would know my mind, is that a good thing or a bad thing? Because if I had laid out in order for me to have this comfortable retirement, my returns need to be X at that timing, right, So that's a logical way to ask the question, so that you know, is a eleven point nine percent good to great? By the way it is, But let's pretend.

Yeah, but it's not like I'm now googling what's a good return? It's more about what have I what's my time horizon, how long do I am I going to need this money for? And a steady rate of return For me, I've always said like eight to ten percent, So you know, it's like on average, So yeah, we're doing better than that for my long term retirement, yeah for sure. But yeah, if I was someone who wanted to retire at forty five that gives me less than a decade. I would be like, oh, dang, I need to be doubling that. And then you're talking about finagling some stuff.

Yeah, but it's not like I'm now googling what's a good return? It's more about what have I what's my time horizon, how long do I am I going to need this money for? And a steady rate of return For me, I've always said like eight to ten percent, So you know, it's like on average, So yeah, we're doing better than that for my long term retirement, yeah for sure. But yeah, if I was someone who wanted to retire at forty five that gives me less than a decade. I would be like, oh, dang, I need to be doubling that. And then you're talking about finagling some stuff.

Oh is that nagling? So when you say doubling up a little bit more, then you'd have to then take a look and say, okay, well, how my portfolio? How much is fixed income versus equity versus alternative versus scruptured?

Oh is that nagling? So when you say doubling up a little bit more, then you'd have to then take a look and say, okay, well, how my portfolio? How much is fixed income versus equity versus alternative versus scruptured?

Right?

Right?

And that's when we start getting into the ideas that you and I had started talking about in the beginning, because if we felt comfortable and again I just said, this is an opportunity in this market when you have big volatility like this, there is opportunity for you to pick up things like inequities. Right, and so is that forty percent of your portfolio is a fifty sixty percent? I have no idea.

And that's when we start getting into the ideas that you and I had started talking about in the beginning, because if we felt comfortable and again I just said, this is an opportunity in this market when you have big volatility like this, there is opportunity for you to pick up things like inequities. Right, and so is that forty percent of your portfolio is a fifty sixty percent? I have no idea.

Yeah, where can I see that? I want to see that, I see balances.

Yeah, where can I see that? I want to see that, I see balances.

It should give you a breakdown, like a little pie chart that tells you.

It should give you a breakdown, like a little pie chart that tells you.

My pie chart where is it? I swear always change. I mean you shout out to them because they're cheap for a reason. Sometimes their website.

My pie chart where is it? I swear always change. I mean you shout out to them because they're cheap for a reason. Sometimes their website.

You should ask that question, how concentrated am I in a in a fixed income standpoint? How concentrated am I in an equity standpoint? These are kind of even if you can't do yourself, use the questions you should ask, and you can call them up and ask that question right back to my active right, but right, it.

You should ask that question, how concentrated am I in a in a fixed income standpoint? How concentrated am I in an equity standpoint? These are kind of even if you can't do yourself, use the questions you should ask, and you can call them up and ask that question right back to my active right, but right, it.

Is your portfolio analysis. I'm so heavily in equities, lots of lots of equity?

Is your portfolio analysis. I'm so heavily in equities, lots of lots of equity?

What percentage does?

What percentage does?

This can't be right?

This can't be right?

One can't be no, no, no, you just happen to be in your equity section. That's talking about there should be a holistic pie that shows you the overall.

One can't be no, no, no, you just happen to be in your equity section. That's talking about there should be a holistic pie that shows you the overall.

It should just be on my dashboard.

It should just be on my dashboard.

Right, should be well, we might give them some feedback on their design, but putting that aside, those are the right questions you should be asking. And if you're over concentrated in equities, that is like a higher risk portfolio. So like le'll just use nomenclature that matters. If you're heavy equities, you do have an aggressive portfolio, not good, not bad, as long as you're okay with that. That means that you definitely have a high risk tolerance.

Right, should be well, we might give them some feedback on their design, but putting that aside, those are the right questions you should be asking. And if you're over concentrated in equities, that is like a higher risk portfolio. So like le'll just use nomenclature that matters. If you're heavy equities, you do have an aggressive portfolio, not good, not bad, as long as you're okay with that. That means that you definitely have a high risk tolerance.

Because concentrating I am one hundred percent in stocks when you are a.

Because concentrating I am one hundred percent in stocks when you are a.

Hot what again? Why did.

Hot what again? Why did.

I think I wasn't, And well that's quite girl, was quite nothing happened. I think I wasn't. Like, yeah, I'm looking at my See. The thing is, I don't work in corporate anymore, and when I was in corporate, i'd kind of choose the target date fund, right. I think when I rolled everything over into this brokerage account.

I think I wasn't, And well that's quite girl, was quite nothing happened. I think I wasn't. Like, yeah, I'm looking at my See. The thing is, I don't work in corporate anymore, and when I was in corporate, i'd kind of choose the target date fund, right. I think when I rolled everything over into this brokerage account.

Into what bucket? Good we we are having this conversation. This is great. This would be a good time for you to diversify, and you don't need to then go heavy on the equities right now. There is great buying opportunity for you to kind of with this volatility. I'd say, give some protection with fixed income and bond. You just said.

Into what bucket? Good we we are having this conversation. This is great. This would be a good time for you to diversify, and you don't need to then go heavy on the equities right now. There is great buying opportunity for you to kind of with this volatility. I'd say, give some protection with fixed income and bond. You just said.

This is right, Like that worked out great, But wait, bonds. This whole tariff situation. God, there's like specific days of the week when I really get it and I'm like, oh, I understand the whole bond situation. Okay, but I do understand. I think, ba, fan, we know that Treasury's bonds. That's typically when you're like investing, you put your money there and it grows the.

This is right, Like that worked out great, But wait, bonds. This whole tariff situation. God, there's like specific days of the week when I really get it and I'm like, oh, I understand the whole bond situation. Okay, but I do understand. I think, ba, fan, we know that Treasury's bonds. That's typically when you're like investing, you put your money there and it grows the.

Safer and safer not give you as high of a yield as equities. I mean that's the fundamental I'm the most simplest definition to say why, Right, bonds are going to be a little bit more protected, but you're not going to see the big highs. Like when you said I was up a twenty percent, Well that's because you have a full equity portfolio. So you did see some big highs right. Well with that, you can also see big lows.

Safer and safer not give you as high of a yield as equities. I mean that's the fundamental I'm the most simplest definition to say why, Right, bonds are going to be a little bit more protected, but you're not going to see the big highs. Like when you said I was up a twenty percent, Well that's because you have a full equity portfolio. So you did see some big highs right. Well with that, you can also see big lows.

Right.

Right.

So I say that cautionarily because in this market right now, and I don't know the number offhand, but it was something like ten to eleven times at this point because I forgot to keep counting. Since January, we've seen thousand point swings intra day in the market. Yeah, if you're an equity portfolio, like, thank god you're not looking every ten seconds, that would cause me.

So I say that cautionarily because in this market right now, and I don't know the number offhand, but it was something like ten to eleven times at this point because I forgot to keep counting. Since January, we've seen thousand point swings intra day in the market. Yeah, if you're an equity portfolio, like, thank god you're not looking every ten seconds, that would cause me.

It was about it was a it was strategy. My ignorance is the strategy.

It was about it was a it was strategy. My ignorance is the strategy.

My heart would swing a little bit if I'm a hundred percent in equities when you're seeing swings like that, right, And so that's why we're talking about the volatility has been absolutely at a very high level since January, specifically due to the tariff and some policy changes.

My heart would swing a little bit if I'm a hundred percent in equities when you're seeing swings like that, right, And so that's why we're talking about the volatility has been absolutely at a very high level since January, specifically due to the tariff and some policy changes.

Hey, bafam, we're going to take a quick break, pay some bills, and we'll be right back. All right, ba fam, We're back.

Hey, bafam, we're going to take a quick break, pay some bills, and we'll be right back. All right, ba fam, We're back.

I would say three things. Tarifs are important. But here's the thing. We did see that the Administrative Administration made a pause for the next ninety days. So July ninth is like the day we all need to pay attention of what ends up happening because there was a ninety day pause. Is it going to be permanent policy or is he going to reverse some of those things? So that's going to be a thing one that we absolutely need to pay attention to if so. And the reason why that matters is corporates have not really what I call with the tariffs, passed it on to the end consumer yet because it's been ninety days, they're kind of just trying to figure out what they can handle. After ninety days, if it becomes permanent policy, that's when it will get passed on to the individual. That's when we then trigger things like inflation, and then we trigger things like unemployment, then we trigger things like recession. Right those So while it's tariffs and we're kind of like, ah, what's the big deal in the July ninth, like that really does put us back to the fear factor we had about inflation, right, and so costs aret going up again, right, and then does hit the individual, right, It's going to cost more for goods and services to buy them. It's going to cost more for companies to make the goods and services their imports are going to come in with like way more expensive you know, tariffs like China being at one hundred and twenty five percent. All of that, we start feeling it, right, And so that's why I use the July ninth as an important opportunity and time frame for us to look at and those of us that are in one hundred percent equity portfolios. But I want to make sure we have some fixed and incoming bonds and other things to us.

I would say three things. Tarifs are important. But here's the thing. We did see that the Administrative Administration made a pause for the next ninety days. So July ninth is like the day we all need to pay attention of what ends up happening because there was a ninety day pause. Is it going to be permanent policy or is he going to reverse some of those things? So that's going to be a thing one that we absolutely need to pay attention to if so. And the reason why that matters is corporates have not really what I call with the tariffs, passed it on to the end consumer yet because it's been ninety days, they're kind of just trying to figure out what they can handle. After ninety days, if it becomes permanent policy, that's when it will get passed on to the individual. That's when we then trigger things like inflation, and then we trigger things like unemployment, then we trigger things like recession. Right those So while it's tariffs and we're kind of like, ah, what's the big deal in the July ninth, like that really does put us back to the fear factor we had about inflation, right, and so costs aret going up again, right, and then does hit the individual, right, It's going to cost more for goods and services to buy them. It's going to cost more for companies to make the goods and services their imports are going to come in with like way more expensive you know, tariffs like China being at one hundred and twenty five percent. All of that, we start feeling it, right, And so that's why I use the July ninth as an important opportunity and time frame for us to look at and those of us that are in one hundred percent equity portfolios. But I want to make sure we have some fixed and incoming bonds and other things to us.

So I actually go shopping for some boring bonds, got it? So then I would just in my portfolio, I would buy, I would sell my I mean it's pretty fast, Like it's pretty simple to sell some of my equity and then exchange it for I don't want.

So I actually go shopping for some boring bonds, got it? So then I would just in my portfolio, I would buy, I would sell my I mean it's pretty fast, Like it's pretty simple to sell some of my equity and then exchange it for I don't want.

And you should just go do that, right, So you have the card, whoever are you using. I think it's that it's worth having a conversation. But the same way we're.

And you should just go do that, right, So you have the card, whoever are you using. I think it's that it's worth having a conversation. But the same way we're.

Going yeah, slow me down, Slow me down.

Going yeah, slow me down, Slow me down.

I want to do that.

I want to do that.

I want you to do it right now. I'm smart.

I want you to do it right now. I'm smart.

That's I wanting to seek advice right right, You're going to ask the right questions because you're going in very knowledgeable of Like, wow, you know this is a decision I made some time back. I realize I'm completely concentrated in equities. There's opportunity for me to like balance my risk in this current market. You're just trying to balance risk, right, So you're not.

That's I wanting to seek advice right right, You're going to ask the right questions because you're going in very knowledgeable of Like, wow, you know this is a decision I made some time back. I realize I'm completely concentrated in equities. There's opportunity for me to like balance my risk in this current market. You're just trying to balance risk, right, So you're not.

Going to give a lot of millennials probably have this problem that I have. No, it's not a problem. But like we did the right thing by getting in early and investing, like all, like we had lots of time. But I'm thirty seven now, I got babies. That's our house.

Going to give a lot of millennials probably have this problem that I have. No, it's not a problem. But like we did the right thing by getting in early and investing, like all, like we had lots of time. But I'm thirty seven now, I got babies. That's our house.

You got time.

You got time.

I can't be risk in the whole farm.

I can't be risk in the whole farm.

You could have other things in other places, right, You could have real estate, you could have things in the market, you could have things in other insurance that I don't know about, Like.

You could have other things in other places, right, You could have real estate, you could have things in the market, you could have things in other insurance that I don't know about, Like.

We have investment properties. I have children. That is the new Berken bag, Like that is the flex do you know what I mean?

We have investment properties. I have children. That is the new Berken bag, Like that is the flex do you know what I mean?

That's your five twenty nine.

That's your five twenty nine.

Oh yeah, I do have one of those.

Oh yeah, I do have one of those.

So yeah, that's your next like arc of planning.

So yeah, that's your next like arc of planning.

Right.

Right.

So I think when in moments like this, because we are feeling anxiety and uncertainty, look already, you're already feeling better, Like I know more now I kind of know. I just need to build a plan around it. Okay, now I need to kind of have a discussion about it. I'm not going to avoid it. But by the way, I'm actually doing pretty well right now. So it's the greatest time to kind of take a good review of like your eleven point nine percent. Okay, this is a good time because I'm outperforming the market and I'm doing way better than if I was just sitting in cash. So I want to one build the resiliency and confidence if should feel good and you're spot on, I mean.

So I think when in moments like this, because we are feeling anxiety and uncertainty, look already, you're already feeling better, Like I know more now I kind of know. I just need to build a plan around it. Okay, now I need to kind of have a discussion about it. I'm not going to avoid it. But by the way, I'm actually doing pretty well right now. So it's the greatest time to kind of take a good review of like your eleven point nine percent. Okay, this is a good time because I'm outperforming the market and I'm doing way better than if I was just sitting in cash. So I want to one build the resiliency and confidence if should feel good and you're spot on, I mean.

Apparently, how I was twenty four years old and I've made one hundred and seventy thousand something dollars at that that money is just money that I have now that I didn't have, but I put in less than that and now I have that.

Apparently, how I was twenty four years old and I've made one hundred and seventy thousand something dollars at that that money is just money that I have now that I didn't have, but I put in less than that and now I have that.

You made your money work for you, right, That's the important thing that we're always looking for. And you want to make your money.

You made your money work for you, right, That's the important thing that we're always looking for. And you want to make your money.

Work for you.

Work for you.

Growth, growth, growth, aspiration. And you said a really good point about the difference in the generations, and you are absolutely right. We did a study on women in investing, which I speak specifically since for both women, and when we take a look at women investing in the markets, like what we're talking about for baby boomers, that number was closer to like fifty percent of baby Boomers invested in the market. As women, when we look at gen Z it's like seventy one percent, right, So the exact point that you're making, it's awesome, right, So as women we have all much larger engagement in the markets than than generations pride or right. But that also means we now need to get involved in the active management side of it too, because it is going to be part of our wealth creation, which is wonderful and amazing, but not giving it any of our attention is something we don't want to also just drop and leave. Right. And so you're spot on this generation Gen ZS and just younger generation absolutely engaging in the market individually doing it themselves. I also want to give permission to seek advice because I do think there's a lot of individual self fulfillment and you know, when we think about bold markets, everyone looks brilliant, bear Markets gets tough. Yeah, this is kind of right where we are right now, right, and so it's important to say this might be the moment in time where I do need to one stop and look at what I have. So I just said, start opening your statement. Did I not just do the simplest thing. I didn't tell you had to be active and making decisions. Just open the statement? Yeah, so thank you you did it.

Growth, growth, growth, aspiration. And you said a really good point about the difference in the generations, and you are absolutely right. We did a study on women in investing, which I speak specifically since for both women, and when we take a look at women investing in the markets, like what we're talking about for baby boomers, that number was closer to like fifty percent of baby Boomers invested in the market. As women, when we look at gen Z it's like seventy one percent, right, So the exact point that you're making, it's awesome, right, So as women we have all much larger engagement in the markets than than generations pride or right. But that also means we now need to get involved in the active management side of it too, because it is going to be part of our wealth creation, which is wonderful and amazing, but not giving it any of our attention is something we don't want to also just drop and leave. Right. And so you're spot on this generation Gen ZS and just younger generation absolutely engaging in the market individually doing it themselves. I also want to give permission to seek advice because I do think there's a lot of individual self fulfillment and you know, when we think about bold markets, everyone looks brilliant, bear Markets gets tough. Yeah, this is kind of right where we are right now, right, and so it's important to say this might be the moment in time where I do need to one stop and look at what I have. So I just said, start opening your statement. Did I not just do the simplest thing. I didn't tell you had to be active and making decisions. Just open the statement? Yeah, so thank you you did it.

I love. I just feel like people are listening to the show right now and they're going to go home and do the same thing. And I hope that. So all we're going to do be a fan is like we're going to open it, We're going to take a look. We're going to have a little like you know, hopefully a pat in the back moment. We're not and we're not going to panic. We're going to not do anything. Then we can just call the investment brokerage like and I will just call my Vanguard people. They're pretty good at bands ring the phone and say like, what do you think I should do? John? And John will probably tell me it's usually John or Sharon. It's Sharon. I have yet to hear a Sharon, I don't know about Vanguardist. You know my John's and my Tom's, but well, well somebody will be there to help. Thank you for Jock.