Ep. 2003: Seven Styles, One Portfolio

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Cheap tomatoes, plenty time.

Tarantella and Money Talk

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A lovely Tarantella on Talking Real Money. Hi, everybody, Talking Real Money, the show that leads with a song. Put a song in your heart before we put some money in your pocket.

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I thought for sure you'd say the show about the dough and then reference the Italian thing. The Italian thing.

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Well, this one this one was about the making the sauce. You know, you try to cook it too fast, it uh burns.

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I thought what about pizza sauce? That has the dough in there, the sauce, the whole thing.

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Yeah, but there that I don't think that's well, it could have been. They didn't mention the dough. Oh, you know, when I they it was my I should have mentioned the dough. What I should have made it about pizza. Dumb. Oh, now I feel so stupid after the fact. Darn it. Hey, welcome to the show. I'm Don. That's Tom. This is Talking Real Money, the program that tries to cut through all the stupidity out there in the world of finance and just make it really stupidly simple. It's stupidly simple, but it's not stupid. And we want to guide you away from a lot of the stupid advice out there. And we read it so you don't have to. Like articles these days from Kiplinger. Is it Kiplinger or Kiplinger? Ignite Kiplinger. Inger. Er, Inger, yes. Inger. Yeah. Kiplinger. Yeah. Seems harder to say.

SPEAKER_04 1:53

If you're going to defame the guy or the I'm not defaming, I'm defaming the magazine because the magazine has become uh how do we say this nicely? Yeah, it's just become kind of a waste of time.

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Um then why are you reading it?

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Because we're not going to be able to do that.

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People are reading this stuff and we need to kind of put things

Investing Styles Explained

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in perspective. Okay. The article in question this week comes from Kiplinger a couple of weeks ago.

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Yeah.

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Entitled What's Your Investing Style? Uh My Investing Style. Wait a minute. What do I do I have an investing style?

SPEAKER_04 2:28

This is fascinating because they separate out various types of stocks to own. Well, strategies, I guess. Yeah, I guess. I Are they styles? No, I don't think they are. Because style to me would be like I own sectors, right? Or I trade, or I follow XYZ economist who tells me, well, when this happens, you know what's next.

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Yeah.

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Because this is no sector.

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This is no No.

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Well, there is Okay.

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Let's go through them real quickly. Yeah. There are seven of them, they say. Seven styles. There's growth.

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There's nobi styles, there's Harris.

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Buying growth stocks, apparently. There's value.

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Let's finish. Growth stocks are what? Fast growing companies.

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Right. Companies whose earnings are growing or are expected to grow faster than the rest of the market. So you're a you're willing to assign a higher value to those stocks because you're you're betting they're going to make more money in the future.

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It's been a good bet of recent.

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Yeah. Yeah. The AI stocks, SpaceX, those are all growth stocks.

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Absolutely.

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Then there's value, looking for undervalued assets.

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Stocks on sale.

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Stocks on sale.

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Yeah. Compare the the price compared to the intrinsic value of the firm, if you add up all the assets, is low.

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Right. Now, by the way, none of these actually can exist in a void. You can't pick just one style. You kind of have to the way they categorize them, you have to pick a couple of styles. At least two. At least two, maybe three. Alright, so we got value. One, right? Growth, two, value. That's right. Three, passive. This is a hard one to define.

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In today's world it is, because twenty years ago you would have just said an index fund. That would have been that. Now it's another factor fund.

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And that's where we combine like passivity with value or we'll get to that in a minute.

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Yeah.

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Number four, active investing. Yeah. Picking the right stuff.

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Traditional active would be picking stocks, as I mentioned, timing markets, finding the right sector, that kind of thing.

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And I I think they they're in this context, they're meaning picking stocks, not dimensional's or a Pella's version of uh active, because they call themselves active, but Fair enough.

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Yeah.

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They're not actively active. They're I don't know. Anyway, so moving on from that, we go to momentum. Now, momentum, we're starting to a lot of these are factors of investing. When a company rises, basically. Is that right?

SPEAKER_04 5:25

Is that momentum? When the price is going up, the expectation is the research shows the price will continue to go up for a while. Until it doesn't. Until it stops. Momentum is if an academic factor. I think most people would have trouble with that as a strategy. Now you could buy a momentum fund, put it all in a momentum fund.

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You could.

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And they've done well the last few years, by the way, but it would not that would not be a recommendation. That's why I felt like this was so much.

SPEAKER_02 5:55

Well, then it's one of the factors, though, that Dimensional and Avantis use. They they factor it into their factors. It's a factor factor. Right?

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I found it, I found it a bit odd, a bit out of left field.

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All right. Number six is being a contrarian. If the market zigs, you zag. Dogs of the Dow. Remember the problem? Dogs of the Dow?

SPEAKER_04 6:19

The problem that sounds like a factor. I mean, a factor. It sounds like a value strategy in some ways, but it also suggests that you're on the sidelines because you see something coming, or you got to trade a certain way, or the market's going up, so I'm going to sit in cash and wait for it to go down. That and we know that three out of four years, basically three out of four months, I think, stocks are up. So it really is contrarian to be able to do that.

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It's really construed a couple of different ways. You're right. A value investor is a bit of a contrarian. Yeah. Because you're buying what's out of favor.

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Correct. So that's right.

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All

Small and Value Blend

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right. Number seven is thinking small, they say, buying small companies, small company stocks.

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Which you know that we favor uh at small value companies have outperformed large growth companies over the long haul. Not the short term, but over the long haul. This year, too, by the way, I just looked it up because U.S. small cap value is up like 20 something percent, 25%.

SPEAKER_02 7:21

It sounds to me like you may have cracked the code of this entire article. Yes. Small is number seven, value is number two. So if you combined two and seven with a little bit of three, and maybe a tiny bit of one, and a tiny bit of five and six, which kind of fits in three, or I'm sorry, two, well, now you have a real investing style, don't you?

SPEAKER_04 7:54

If you put your chocolate with my peanut butter, we're all set. Is that what you're saying?

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That's how the Reese's peanut butter cup was made. I remember those commercials.

SPEAKER_04 8:00

I love that commercial. Yeah, this is yeah, okay. You don't pick one of these. That's what I get from the article. Like you're a value investor. Well, no, I own all of these things in certain percentages, right? That's the key. So I would hope that if people if you if you came in and asked our the folks in our office, like what style, they'd say widely diversified, right? They they would say, yeah, we own more small and more value. Well, if widely diversified's not one of the seven, but it should be. To me, that is the strategy.

SPEAKER_02 8:33

Being well, that's what strategy is actually kind of act really. Wow. It's all of the above. That's the thing. No, all of the above, because the active can be non-stock picking active. It can just be rules-based, like Avantis and Dimensional and some of the other factor products out there. So you could have a portfolio that literally was one growth, two, value, three, passive, four, a little active, five, a smidge of momentum, six, a little contrarian because you're buying value, and seven, small cap.

SPEAKER_04 9:10

And guess what? You would have it basically covered. There's some little other factors that we might throw in there, but I don't know that I'd recommend that everybody run out and do them at home. But um, yeah, that's the part that makes sense, right? Uh, but here's the thing. Again, you are building a portfolio. I see this many times, by the way, where people have built an index portfolio. They might own a few Vanguard funds, Total Globe, Total US, et cetera. And then they hear us talk about something else. And they think, I gotta add that. That's what worries me about this article. People read that and think, oh, well, I didn't know there were value. I got to add value stocks now. I got to get rid of this,

Build a Diversified Portfolio

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I gotta do that. The problem is you're either building in a redundancy or you're not putting the right percentage of something in. That's the issue that I see many times with people's portfolios. By the way, what about emerging markets as a strategy?

SPEAKER_02 10:02

Yeah, you know, they missed some styles, like some international style. Maybe it was implied. I'm not sure. Um but uh yeah, that they they they missed a few things, and and that's kind of the problem with articles like this. I mean, one, you got, you know, a couple thousand words that really can be expressed in a hundred.

SPEAKER_04 10:25

Yeah, that's the thing. Be globally diversified. Yeah. Keep your costs low, right? Be disciplined. This just came up at Breakfast Today where the person having breakfast was said, wait, I was just hearing how bad it's going to be. No, you have built your plan for however bad it's going to be. Um, and then pay attention to taxes. That's your strategy, that's your portfolio design. That's nothing to do with picking the right thing out of all these. That's the issue I have with it.

SPEAKER_02 10:55

Yeah. So the the trick is to be a little bit of everything. Yeah.

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Plus a little bit more. Yeah, there's a few other things, but we don't need to get into them. By the way, well, we did.

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We got into international, we got into emerging, we got yeah.

SPEAKER_04 11:07

Okay but other factors too. But you there's people out there that we do basically agree with, like our friend Paul Merriman. He basically espouses the same thing, right? Because I run into this all the time. If I use Paul's 10 fund portfolio, yeah, if you can do it, if you can build it and you can rebalance it, sure, why not?

SPEAKER_02 11:25

It's but you can essentially do Paul's 10 fund portfolio with two funds.

SPEAKER_04 11:29

You can. That's the part right. And by the way, here's the other thing about all of those things they mentioned at the top, especially the active. Uh 20 years ago, it was about five to seven percent of the money was invested the way I just described, wide diversification, low cost, et cetera. Today it's about 50 percent. So people have voted with their feet about which style they believe in.

SPEAKER_02 11:53

Investors have gotten smarter. While out on the fringes, there's still a lot of dummies. They've gotten smarter overall. Now, I have a question for you because I don't know, I truly do not know the answer to this.

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This scary me.

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Are you calling anyone today?

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No, I'm not sure.

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So you're taking a day off from pulling.

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I'm taking it you keep telling me too many calls, shut up. So I'm gonna give people a break.

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Okay.

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Anyway, no calls today. Just you know, just projecting. It's just you not wanting to do it.

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You just want to cut down trees and print them on printing. I just don't want to work that hard.

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That's what my wife told me today. Because you know, Fridays I work from home. She's like, you just don't like it work as hard on Friday.

SPEAKER_02 12:29

No, I don't want to work as hard any day. Yeah, I'm trying to get out of it every day. Damn it. Damn it. So it's always something though. Send you the podcast to edit. Yeah, that would be a disaster. Yeah.

SPEAKER_04 12:40

All right, so I guess we cut it and past it and all that stuff.

SPEAKER_02 12:44

Sure. You can we can put it on real-to-reel for you. I did in 1974. Is that how you that you don't know anything about editing since then? No, I know nothing. Have you never digitally edited? No, I have not. In your broadcast and podcast career, you never I was on this side of the microphone.

SPEAKER_04 13:01

That's it. You know that. You just made somebody else do all the hard work. I was just the quote unquote talent. That's it.

SPEAKER_02 13:09

Look pretty much. A lot of talent in being talent. It's the talent behind the talent that's really the talent. Anyway, uh Tom takes these questions that you type in when you go to talkingrealmoney.com and click ask a question. Yep. Then he prints them on a piece of paper and he I I don't know what they are. This is they're they're new to me.

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Sometimes we sometimes I do tell you in advance, but these are so easy. It's not gonna work.

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Oh, he knows I'm gonna know them or he's trying to trick me.

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No, I'm not tricking. You just tricked me. So uh all right, this one comes from Tom.

Retirement Rebalancing Question

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Thank you, Tom. He says, I'm moving into retirement from trucking by the end of the year unless I get another job sooner.

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Oh, wait, can I add something? Another job? Good decision. I just read a piece today about where truckers are putting for some of their fill-ups, they are coming in at $1,000.

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Yeah, diesel is outrageous.

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In California, it's eight and a half bucks a gallon.

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A thousand dollar guns.

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And they're putting a thousand dollars when they stop.

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Yeah. How much? I don't know.

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Here are ten Benjamins. Jeez, pardon me. Talk about stacking Benjamins. You've got to stack them on the counter to fill a diesel truck.

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That's shocking. All right. So good thing you're out of the business. No, well, he's not out by the end of the year, he says. And we'll not be can not be contributing to these funds. So, but I have a con he wants to have a more conservative mix of 50% in stocks, 50% in bonds when he's retiring. So in his Roth right now, he has 100% A V G E at $57,000. And in his roll over IRA, he has A V G E for $12,000 and B and D for 43. So for a total of, you know, somewhere around $110,000, okay? Yeah. He wants to know how to do that, how to end up with 50-50. But I would only do so I would leave the Roth basically the way it is. So you have 100% in stocks in the Roth and basically 100%, basically 100% of the bond in the rollover. You want to have the Right.

SPEAKER_02 15:19

Okay, that makes perfect sense. Yeah. And and and then you can you can you don't have any taxable events anywhere, so you can do it wherever.

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So no. I would just leave the Roth and then I would just take the A V G E in the rollover and buy B and D with it. Yep, yep.

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That's easy. Then you're gonna be able to do that. You're right, that was really easy. So just sell it in the rollover.

SPEAKER_04 15:38

I knew you could handle that one. See, that's why I didn't give it to you in Levin. So proud. But we're not changing chairs. I'm not gonna start editing. You imagine me editing something. I'm not I'm not good like that.

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You don't even get the squiggly line idea, what that squiggly

Catching Up on Retirement

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line means. No idea. No idea.

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Uh this one's a bit more complex. Comes from Herndon, Virginia. Jennifer writes, I'm helping my sister figure out how to get started with saving for retirement. She's 46, divorced with two kids, five and seven. She started over after the divorce went back to school. Now has a great job in the medical profession. I'm so proud of her. Hey, so are we, by the way. But she has nothing saved for retirement. So the situation's looking dire. Her employer's plan is with American funds R2 share class. That's all? That's what it says. I'm thinking of telling, which is weird because most you got to look around sometimes, but most plans at least have an index or target date fund alternative. Most.

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Yeah. It's a 403P plan.

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Yeah.

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We know that.

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Telling her to invest only up to the point with a match with a mix of 40% of the new world fund. I'm guessing that's developed markets.

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That's no, that's emerging.

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Oh, pardon me, new new world fund. My bad. 30% of the growth fund of America and 30% the investment company of America. My worry is 30% growth fund of America and 30% the investment company of America. Same stocks.

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Yeah. Oh, very similar stocks. So you really small, you don't have value.

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There's a whole bunch of things you don't have.

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Yeah.

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I just need to hope she can get growth for five years ago. I don't like this statement, Jennifer. I'm hoping she can get growth for five years ago, then we'll dial back on stocks and add in some bonds. You can't count on five years of performance of any type. She could switch to a target date fund, but later on I'm thinking she needs to be aggressive with all stocks. Um outside of the employer plan, this is part of what we're doing. Yeah.

SPEAKER_02 17:29

That's what it sounds like. So if there's a target date. Yeah, might be.

SPEAKER_04 17:42

Um outside of the plan, she says I'm going to open her a Roth IR at Fidelity, do an automatic monthly contribution to Sound the Horns, A V G E. That's the Avantis Global Equity Fund. I'm a little uncertain about this because it's more U.S. than I was expecting. Should she do something else? She wants to retire at 65. She's got 20 years starting from zero. Um I like what Don just said. Number one, I love the Roth Ira at Fidelity A V G E. Just pour it in there. She can do up to 7,000 a year, I think, under the age of 50. So I would be cranking that. I would look into, as Don just said, finding a target date fund for somebody who's 46.

SPEAKER_02 18:21

Low cost target date fund and just go long maturity. Just go out to 2050?

SPEAKER_04 18:28

50? Yeah, that's what I was thinking. Yeah. That's 25 years. Yeah. That's going to be hopefully 80 or 90 percent in stock, shouldn't be something particularly.

SPEAKER_02 18:35

And then it'll it'll just glide path exactly what she wanted to do anyway.

unknown 18:39

Trevor Burrus, Jr.

SPEAKER_04 18:39

And it'll have a better mix than having so much large U.S., which is what you're gonna have to do.

SPEAKER_02 18:44

Boy, I gotta tell you, uh the even the New World Fund duplicates a lot of Investment Company of America and uh Growth Fund of America because it's it's fifteen percent U.S. and eighty percent uh international and five percent bonds. Yeah. And it is the the number one holding, 10 percent of the entire portfolio. No. No, remember it's international.

SPEAKER_04 19:11

Oh.

SPEAKER_02 19:12

Can you guess? I bet you you you have a good chance of guessing the number one, if you think international version of NVIDIA.

SPEAKER_04 19:20

I don't even know what that Taiwan semiconductor. Semiconductor, right, which is holding up.

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10 market is in Taiwan semiconductor.

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Which has had a huge run up the last year. Big, big, big, because that's had a lot to do with the emerging markets growth.

SPEAKER_02 19:33

So it's it's a real I mean, it's really tech heavy.

SPEAKER_04 19:37

Yeah.

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Really tech heavy. I mean, it's got a lot of NVIDIA, it's got a lot of Broadcom, it's got a lot of Samsung.

SPEAKER_04 19:46

It's just which as you just pointed out is provided about a third of the growth of the U.S. economy over the last year, which scares me too.

SPEAKER_02 19:53

It's like Yeah. So I like your idea. It's no wonder the American funds have performed well because they take these big gambles.

SPEAKER_04 20:00

Yep.

SPEAKER_02 20:01

And that's exactly what it's like. And they have performed well. I I I have to say, the what but when they go down, they tend to go down more. In 2022, the index, international index, uh lost a lot, but the New World lost even more.

SPEAKER_04 20:17

Yeah. That wouldn't be a favorite of ours. So I like the target date fund 2050. I like AVGE, the combination thereof is going to give you, by the way, some of the smaller stocks, some of the value stocks you're not going to get in those American funds products. Yeah. Yeah. That's

Bonds and the 4% Rule

SPEAKER_04 20:36

good. Uh, we got time to squeeze one more in. Oh, of course, because we had we had no caller. Hilltown, Pennsylvania, where Bob writes, as of today, the 30-year T bill is returning about 5.25%. I think since you've written it, Bob, it's coming up.

SPEAKER_02 20:50

It's it's like almost six now, I think.

SPEAKER_04 20:53

If we think if we think of the 4% rule for retirement, which we're referring to taking out 4% of your portfolio without touching the principal or reducing the principal in a big way, why can't I just at age 65 buy a 30-year 5.25% bond and pull out 5% per year and not worry about the market still of what I started with? You can. Yeah, you could do that.

SPEAKER_02 21:16

There's no reason you couldn't do that. Uh, it is today 5.62. Okay. And this was a couple of weeks ago. So who knows where it is now by the time it's airs. Yeah. You could. It's it's totally safe. Totally safe.

SPEAKER_04 21:30

Well, okay, assuming the good faith of the U.S. government, yes.

SPEAKER_02 21:34

Okay. But even then, because we live in a dollar-denominated society, um, it it's the I'm watching Paradise, it doesn't look too good there. So okay, that's the end of the world as we know it kind of thing. I would love, by the way, if you there is no investment you can make that works for the end of the world.

SPEAKER_04 21:55

Well, gold, I think, or something. No.

SPEAKER_02 21:57

As a matter of fact, you didn't listen to one of my songs. By the financial physicist. Which is that end of the world. It's called the title is You Can't Eat It. Do you get what we're talking about?

SPEAKER_04 22:10

Okay. Anyway, no, I if you want to take that bond, you're not going to get much growth, by the way, by putting it all in the bottom. Much growth. You're not going to get any growth. Well if you're taking out 5% a year on 5.25, not much. No. No, you're going to get 0%.

SPEAKER_02 22:26

Well, okay. But after inflation, you got nothing.

SPEAKER_04 22:29

No, no. It won't work.

SPEAKER_02 22:31

As a matter of fact, after inflation, chances are you're getting one, maybe one and a half if you're lucky. Yeah.

SPEAKER_04 22:38

That would not be a long-term.

SPEAKER_02 22:40

So basically, you get no inflation. So here's the problem with doing that. You're getting behind the curve. You're going to it's it's like driving in reverse. You're not going to get anywhere. You're going to have less over time because inflation is going to eat a big chunk of that money up. So that's why if you're going to do that, something like that, then throw in some tips. Give you a little protection. Just have a little protection. If you want that incredible safety that comes from owning treasuries. Again, safety unless the end of the world as we know it. But sure, you can do it. We wouldn't recommend it, but because I think it's better to m try to m build that portfolio up over time and take a little risk in doing so, unless you believe the whole world economy is going to collapse, in which case, you better get food and guns.

SPEAKER_04 23:40

Start digging, would be my suggestion.

SPEAKER_02 23:43

Or just kiss your dairy air goodbye.

SPEAKER_04 23:48

That's very helpful. It's all I can come up with. Okay. You need a song for that one, I guess, then. That's what you're saying.

SPEAKER_02 23:55

Well, I do, kind of. That's the the guy who had the gold and the crypto in the song.

SPEAKER_04 23:59

Okay. I've I don't think I've heard that one.

SPEAKER_02 24:02

It's called it's okay. Go to any music service. Spotify. Which one is any Apple? Any. Any of the above. I said.

SPEAKER_04 24:11

I thought any referred to specific ones.

SPEAKER_02 24:13

Google, YouTube, Amazon. Type in, whatever. The financial physicist with an F.

SPEAKER_04 24:22

The two Fs.

SPEAKER_02 24:23

Financial physicist. Okay. And look for the song You Can't Eat It.

SPEAKER_04 24:30

Which I would have ignored because I any. I want to be able to eat it.

SPEAKER_02 24:33

I want to be able to eat it.

unknown 24:35

Exactly.

SPEAKER_04 24:35

It wouldn't be my favorite, but okay. I'll give it a listen.

SPEAKER_02 24:38

I liked the song. I thought it was a good one.

SPEAKER_04 24:39

I like all your songs.

SPEAKER_02 24:41

It's not as good as Let the Boring Money in. I like Let the Boring Money. You like Let the Boring In.

SPEAKER_04 24:45

That's my favorite now.

SPEAKER_02 24:46

Okay, those are jingles. Those aren't financial physicists' songs.

SPEAKER_04 24:49

I'm just lost in the whole semantics of this. So but I I love them all.

SPEAKER_02 24:54

This is why we don't let him edit the show.

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Or anything close to it.

SPEAKER_02 24:58

But we do. Here's the thing. And this just tells you a little bit about how much we think of you. Uh we do let you talk to him, though.

Meet the Advisor

SPEAKER_04 25:07

That should scare anybody, I guess, right?

SPEAKER_02 25:11

All you have to do is go to talkingrealmoney.com and click on meet an advisor. We should just change that to meet with Tom.

unknown 25:18

Sure.

SPEAKER_02 25:19

Because you know, everybody just asks to meet with you for some reason. Even though you are what you are, and they apparently don't recognize the problems with that.

unknown 25:28

Well, no, thankfully.

SPEAKER_02 25:30

You know, the good the only good news is we have been cranking shows out ahead of schedule. We've been doing extra recordings because I get to go on a Tom is going to go away for a week. He's going to Nashville. Yeah. Because he just he loves visiting Graceland. Oh, wait, wrong town.

SPEAKER_04 25:46

Yeah. I don't, yeah. We are taking a walking tour of Nashville, which by the way was the first Southern Capitol captured by U.S. Army in the Confederate War.

SPEAKER_02 25:56

In you mean the Civil War?

SPEAKER_04 26:00

You can see this is not my day.

SPEAKER_02 26:02

The Civil War? The war between the states.

SPEAKER_04 26:05

The war between the states, thank you. The war of rebellion, as they called it. The war against the Confederates. How about the war for states' rights as they called it in others?

SPEAKER_02 26:15

Yeah, it was captured. Yes, it was it was captured by the uh the it was captured by the um who was it? Was it Rosenberg? Yeah. No. I was just checking out the first time.

SPEAKER_04 26:24

I was trying to decide, was it Sherman or not? I couldn't.

SPEAKER_02 26:26

No, it was not Sherman. Oh, okay.

SPEAKER_04 26:29

I don't think it was German. Burnside? I thought All right.

SPEAKER_02 26:32

I don't know. I have to.

SPEAKER_04 26:33

You're a Civil War guy. That's I'm more the World War II guy. I could have told you that, the World War II thing, but you're a Civil War guy.

SPEAKER_02 26:39

I know my great grandfather was uh he went south of all that. He was south of Nashville. He wasn't with that army. I thought it was Rosencrans. And Gilden Bell. Oh, Don Carlos Buell. Oh, good old General Buell. General Buell. He he uh took on uh John Bell Hood from Texas. Oh well-known Confederate general Battle of Nashville, December 15th through 16th, 1864.

SPEAKER_04 27:06

Yeah. The first Southern capital captured.

SPEAKER_02 27:10

That whole time my great grandfather was going down uh through Kentucky and then uh into uh uh parts of Tennessee, but western Tennessee. Oh and he he fought at Shiloh and then he went down into Mississippi and then Alabama and then over to Georgia and up to Chattanooga and was captured at Chickamauga. Don't tell him anymore, you've got to read the book. No, but that was this that was his Civil War history. I you know the book t just fleshes it all out.

SPEAKER_04 27:39

The book is terrific, piecefully.

SPEAKER_02 27:41

Fleshes it out. And it's available now as an audiobook. Audio book sales are you don't I read it.

SPEAKER_04 27:48

Oh, okay. Wait a minute. I didn't get asked to read it.

SPEAKER_02 27:50

I'm I'm a voice actor. Who would I hire to read the book?

SPEAKER_04 27:54

Maybe I would do it. You wrote it, I could read it. I thought that would be a good combination.

SPEAKER_02 27:57

You know, the only voice acting I remember you doing was commodities commercials.

SPEAKER_04 28:02

We could bring those back.

SPEAKER_02 28:03

We could bring those back. Back when back when back when it was Tom Cock, I'll do anything for a buck.

SPEAKER_04 28:09

It was pretty close.

SPEAKER_02 28:10

It was pretty, you know, I sure I'll voice whatever. I mean, okay, wait. I have room to talk. I did the pudding finger spot uh spot and you were a broker back in the day, too. So and I was a broker. You know, we all have our crosses.

SPEAKER_04 28:25

We all come from somewhere, yeah.

SPEAKER_02 28:27

I just it's about what you do now, not what you did then. Thank you. Thank you for watching. Right? And you're doing the you're doing the Lord's work now, Tommy. Hallelujah. Pass the bug. All right. We're leaving. Thanks for being there. We appreciate you all so very much. And go to talkingrealmoney.com and just play with our website. Just have a blast there. Just poke buttons and do things. You'll have fun. Listen to some more podcasts.

Episode 2000 Countdown

SPEAKER_02 28:55

Where, oh, oh, oh, I didn't tell you. Wait, hold on.

unknown 28:58

Hold on.

SPEAKER_02 28:59

Oh, this is so exciting. I know you're gonna be excited by this. I just have to find the right number because I don't know exactly what the number is yet. But I'm gonna have it here in my grubby little fingers in moments. Oh. Oh. This could have already been the 2000th episode.

SPEAKER_04 29:17

Oh, we missed the 2000th episode. No, we've got to get a free hamburger or something for it.

SPEAKER_02 29:21

Oh, yeah, that ain't happening. Hold on, let's see. This one was nineteen.

SPEAKER_04 29:26

Oh, I have today's email. I could tell you. Oh, okay.

SPEAKER_02 29:29

1996, 1997, 1998, 1990. Today's airing the 1990s. This is episode 2000. This is it, Dave.

SPEAKER_04 29:40

This is episode 2000. It's too bad it wasn't a little bit better. Had you told me it was 2000, I would have been a little bit more. You would have tried harder. I'm feeling bad now. You know what? Let's re-re-record this tomorrow.

SPEAKER_02 29:52

We've actually done more than 2,000 episodes. It's just some got lost on a hard drive somewhere.

SPEAKER_04 29:57

Still that's amazing. So what day does this air then? So I can tell the people the people back in.

SPEAKER_02 30:03

No. Oh, darn it. All right, I'm gonna let you finish. No, today's not. Today's 1999. I'm gonna get out of here. No, this is oh wait. No, this is 2002. The 16th was episode 2000, which I haven't recorded yet because that's a QA episode.

unknown 30:21

All right.

SPEAKER_04 30:22

So Friday the 16th is going to be number two.

SPEAKER_02 30:26

No, was.

SPEAKER_04 30:27

Was oh, I gotta live in that world where we're gonna think of the first time. Because you're gone.

SPEAKER_02 30:31

This one airs the 20th of October. Okay. Okay. See, we had to play ahead. Okay. You see how it works on. What day? Do you see why my my job is so much harder than his job?

SPEAKER_04 30:45

Okay, what day of the year does episode 2000 air?

SPEAKER_02 30:51

Friday the 16th, which was three days ago. Four days ago.

SPEAKER_04 30:55

Yeah, I need to tell somebody that.

SPEAKER_02 30:57

No, but I mean, and if you're listening to it on the 20th and you didn't hear Friday the 16th, that was the 2000th episode.

SPEAKER_04 31:02

I'm not getting into that. I just need to tell you.

SPEAKER_02 31:03

I have to think of something special to do for that.

SPEAKER_04 31:06

Yes, you do. So you get on that.

SPEAKER_02 31:08

You should record a little something to put in there.

SPEAKER_04 31:10

I'll put I'll I will for the 16th, yes. No, you should.

SPEAKER_02 31:12

You should record a little something and give it to me. Yep. And give it to me four days ago.

SPEAKER_04 31:17

This is so weird. It's freaking me out.

SPEAKER_02 31:20

So don't you feel like we're in a like a time warp, or maybe you just one of those TV shows where they go back to the other side of the city. You're feeling a little like Schrdinger's cat.

SPEAKER_04 31:28

Yeah, I can never figure out what day, what time. Just give me chronological. I can figure out.

SPEAKER_02 31:33

Have you ever watched Dark Matter? That's what we're doing. Dark Matter. Have you ever watched that? No, you don't like science fiction.

SPEAKER_04 31:38

No, not really.

SPEAKER_02 31:38

All right. We're gonna go now. I I know I promised that before, but no, it's for real this time. We're gone. Because you know what we do, right? We are talking real money!

SPEAKER_01 31:53

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SPEAKER_00 32:07

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SPEAKER_01 32:16

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SPEAKER_00 32:49

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SPEAKER_01 32:54

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