Navigating High Prices, the Fed’s Moves, and Investment Strategies for Tomorrow

This podcast episode discusses the current high prices in relation to household income, the impact on expenses, and the historical perspective of inflation and deflation. It also covers the Federal Reserve’s interest rate policy and the market reaction to the Fed Chair’s statement. The conversation explores alternative investment strategies, the importance of diversification and portfolio balance, and the need for a long-term perspective and personalized approach. The conclusion emphasizes the need for thoughtful decision-making and the upcoming elections as factors that will shape the future.


00:00 Introduction and Historical Perspective

02:07 Rising Prices and the Impact on Household Expenses

03:14 Inflation and Deflation

05:07 Federal Reserve’s Interest Rate Policy

08:00 Market Reaction to Fed Chair’s Statement

12:28 Gold and Dollar Index

15:42 Alternative Investment Strategies

25:11 Long-Term Perspective and Personalized Approach

26:34 Conclusion and Future Outlook

Important Disclosures:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

All performance referenced is historical and is no guarantee of future results.

All indices are unmanaged and may not be invested into directly.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

Investing involves risk including loss of principal.

Jason Jacobi & Mark Boyer are registered principals with, and securities and advisory services offered through LPL Financial. A Registered Investment Advisor. Member FINRA/SIPC.


Jason Jacobi, CFP® (00:01.786)
All right, Mark, did you know that Americans haven’t paid as high of prices per household income in the last 30 years as they do right now? So put this in perspective, last time, early 90s, where were you?

Mark Boyer (00:17.294)
Where was I in early nineties? Wow. Oh, my hair was dark like yours. Well, that was kind of fun. I was, yeah. So had a couple of kids and three maybe and out of our five playing for New York, I was with the Jets at the time and Bush was the president back in the day. Had the bullet going. Sweet.

Jason Jacobi, CFP® (00:21.276)
Ha ha.

Jason Jacobi, CFP® (00:35.004)
Jerry Curl. Yeah. Yeah. Rocking the mullet.

Mark Boyer (00:42.574)
So we haven’t since that period of time, like we, the percentage of our, our money that goes, our expenses is not towards food is, is now as high as it was then. Yeah. It was pretty expensive then, but the prices were a lot lower. I’m just telling you right now, prices are a lot lower, but in relation to the percentage of what it took to get there, I get that. And then today, man, it’s ridiculous. What’s going on. I mean, it’s unbelievable how, how much everything’s gone up.

Jason Jacobi, CFP® (00:58.396)

Jason Jacobi, CFP® (01:11.61)
Yeah, so price.

Mark Boyer (01:11.854)
And the crazy thing is to you got to tip everybody like tip everybody for even like when you walk it’s it’s like a whole different deal, which is like that’s also just makes sense. You go to a coffee, right? And you get whatever you just like and then you feel like I can’t put no tip, but sometimes you and then you think you think what does that person across like what does that person think of me right now? Like you’re such a loser. You didn’t even tip me. I mean, like.

Jason Jacobi, CFP® (01:18.684)
It is. That’s an extra 15 to 20 % depending on how much you’re liking that person or that restaurant on that specific day.

Jason Jacobi, CFP® (01:32.604)

Jason Jacobi, CFP® (01:37.788)
right? I know.

Mark Boyer (01:42.284)
But all of a I’m supposed to tip you. Like, why am I, you know what mean? Like, you walk out with your coffee, you’re all feeling guilty and stuff. I don’t know. It’s just, it’s just a weird time.

Jason Jacobi, CFP® (01:49.116)
It is. It’s just new. I think it’s just new for us. It’s like, we never had this option before. And now, you know, and then service industry obviously should get tipped. You know, if you’re waiting tables or, you know, taking orders and you’re doing a lot of work, then we’re not arguing that, but it’s just funny when you’re walking, I’d be like, do I do it or do I not do it? And I feel like junk, you know,

Mark Boyer (01:58.798)
Oh yeah.

Mark Boyer (02:03.342)
No, no, it’s funny, I’m just saying.

I’m doing all the work here. I came up with it. Anyway, it’s yeah, whatever. So, but everything’s expensive.

Jason Jacobi, CFP® (02:13.084)
So percentage of household income, which you’re talking about, over 11 % of your total household income is going towards your grocery bill. I mean, that’s just a fact. It’s crazy. So if we average out those prices, average household prices for groceries and the price change from January, 2020, you’re going to get groceries up over 25%, dining out up over 25%. That’s become a luxury.

You just ate out, right? You saw it. I’ve eaten out in the last week. It’s crazy. I mean, prices have gone up exponentially.

Mark Boyer (02:42.19)
Yeah. Yeah. Yeah, yeah, yeah.

Yeah. Yeah. No, it’s crazy. I feel like for you guys, young families, different things, just, you know, it’s, it’s very interesting to see how expensive things are. And it’s tough, man. It’s tough on stuff on, yeah, you got kids a whole bit, you know, trying to make it and it’s a tough time. Yeah, it’s tough. And you know, a lot of that popped up, right? COVID and happened and a lot of things seemed that when they went, we went sideways and backwards with COVID, you know, a lot of things.

Jason Jacobi, CFP® (03:08.132)
Mm -hmm.

Jason Jacobi, CFP® (03:12.376)
Free money

Mark Boyer (03:14.318)
You know, there was a lot of things that kind of rolled in that now we are still doing that, you know, that kind of just, you know, prices ramp way up and, you know, it’s this idea of disinflation versus deflation, you know, so yeah, so like today we’re gonna talk about interest rates, you know, what the Fed said, but, you know, hey, you know, inflation’s coming down towards, you know, you know, is it gonna come back to 2 %? Well, it’s still, you know, that’s just.

That’s disinflation when it’s actually still going up, but just lower than it has, right? Deflation is when the prices actually drop. So we’re not talking about deflation trying to drop those prices. So point is, once the prices go up, they get really sticky and sometimes, you know, a lot of times they don’t go back down, you know, so that’s, that’s a big, you know, again, so a lot of these things were just kind of is what it is at the moment. See how it pans out.

Jason Jacobi, CFP® (03:46.556)

Jason Jacobi, CFP® (03:59.228)

Jason Jacobi, CFP® (04:08.284)
That’s a good point. I think a lot of people thinking, oh, like I’m waiting for the prices to come back down and while that can happen, but again, in a long period of time, deflation, uh, deflationary numbers are not good for, for anybody. Uh, what you want to see is this inflation, like you would describe, right? Like it’s, you want things to go up at a slower pace, right? Obviously the cost of goods over long periods of time go up. So.

Mark Boyer (04:32.016)
I wouldn’t mind seeing deflation in some of this stuff. I mean, I don’t know that it’s going to happen in the long term. I mean, the prices of homes, you know, I’ve been through cycles where I’ve seen home prices come down. You know, I don’t know that we’re going to be there anytime soon, but you know, that it happens and, you know, it’s not the end of the world. It causes it’s a whole different set of issues that come with deflation. But right now we’re just talking about disinflation. So, you know, it’s it’s, you know,

Jason Jacobi, CFP® (04:36.828)
Yeah, for the near term, right? To get those prices back down for sure.

Jason Jacobi, CFP® (04:54.77)

Mark Boyer (04:59.918)
Back to the point, it’s an expensive time to live and it’s, you know, yeah, it makes it tough on families, especially.

Jason Jacobi, CFP® (05:07.26)
So today, Fed Chair Jay Powell came out and talked about how they’re gonna pause interest rates, right? They’re gonna continue the pause and these are the fourth pause in a row. No change to how many rate cuts they’re forecasting this year, still three, 325 basis point rate cuts this year. What did change a little bit was 20, 25 % or 2025, excuse me,

rate cuts like how many they’re forecasting in 2025 and that went from four to three. So less rate cuts next year. This year is still the same amount they’re projecting. Hopefully they’re thinking sooner than later. But again, we talked about this a lot, the balancing act of cutting rates too fast, too much, and kind of re -sparking that 70s inflationary fear that a lot of people you remember.

Mark Boyer (06:02.172)
Yeah. Yeah, it’s kind of like that.

Jason Jacobi, CFP® (06:03.076)
grandparents remember, whoever it is, is going through that time, you remember that. So can you maybe talk a little bit about expectations? So do you think, let’s put it this way, do you think that the Fed’s gonna raise their target inflationary number from two to two and a half, three? But they’re not gonna give that away now, right? They’re not gonna do that now, because that’s gonna make them look stupid. But.

Do you think that could potentially happen instead of us making it all the way back down to 2 %?

Mark Boyer (06:33.65)
So that’s a great question. I don’t know if you remember, Jason, but over probably a year ago, I think I talked, we were doing this and I talked about how the fact was that long term inflation has been historically as high as like three and a half, four percent a year over a long period of time on average. So my point was, you know, that might be where we end up, you know, kind of three, four percent. And now,

Jason Jacobi, CFP® (06:38.844)
Thank you.

Jason Jacobi, CFP® (06:48.398)

Mark Boyer (07:02.862)
But for whatever reason, the Fed has had this 2 % call. And that goes back a number of years, the 2%. But anyway, I guess all that to say is that you’re asking me that question. And I was even a long time ago thinking that it would be, they might, they’re gonna talk about this 2%, but I think they’re gonna, they just want it to be below 4%. I mean, and I know that sounds really crazy, but yeah, so the answer to your question, yeah, I think they could change that, but they’re never gonna talk about it.

Jason Jacobi, CFP® (07:23.362)

Mark Boyer (07:31.822)
change it and that would be a totally different deal. So they’re going to keep pressing for two. But I don’t know that we’re going to get there, frankly, unless, of course, you know, this thing, you know, this economy falls off more in the second half of the year than everybody’s expecting, which is possible. I mean, there’s some underlying numbers in the in the data that’s coming out that’s saying, hey, you know, yeah, you know, jobs are good, lots of, you know, employment, things like that. And, you know, prices are high. But there’s some other other

Jason Jacobi, CFP® (07:32.698)
Uh -uh.

Jason Jacobi, CFP® (07:48.828)

Jason Jacobi, CFP® (08:00.43)

Mark Boyer (08:01.55)
debt issues and things that you’re seeing that could be that this thing, this thing doesn’t fall off a cliff. I’m talking about the economy, but it could go into a recession later this year. Then, then what? You know, then, then the Fed now where you’re talking about pricing in a couple of rate cuts this year, which again, we had talked about higher for longer, a long time ago, you know, and it’s like, so that’s kind of playing out the way you thought, but how about if it kind of rolls over a little bit close into the year and all of a sudden they have to be more aggressive. That’s there’s a lot.

Jason Jacobi, CFP® (08:06.866)
Mm -hmm.

Mark Boyer (08:30.126)
of things on the table here that are really interesting to see how it’s going to play out. It’s going to be really, it’s a very interesting time in the economy for sure.

Jason Jacobi, CFP® (08:36.892)
It definitely isn’t. I want to show real quick a little chart here. We’re going to pull it up and we’re going to talk about the charts that describe what Jay Powell did or what he was saying and how the markets reacted to it. So I’ll pull that up here. So our

Mark Boyer (08:59.662)
Thank you.

Jason Jacobi, CFP® (09:04.956)
viewers can see and then we’ll, uh, and then we’ll just verbalize it for our listeners here. So let’s first talk about markets here, Mark. So the Mark markets, and this is today. This is today. This is March 20th. So this is prior to Powell speaking. And then this is after during and after him speaking, we hit all time highs, the Dow and S and P NASDAQ, um,

Mark Boyer (09:15.226)
Is this today? Yeah. Yeah.

Jason Jacobi, CFP® (09:32.988)
Not all time highs, but closing high for sure. Yep. And so it’s quite interesting, right? So, so Powell’s tone again, uh, right, you know, inflation reared its head again, last two months came in hotter than expected. They are going to be bumps in the road, he said. And this is one of those times. And we agree. We think there are going to be bumps in the road. We think, you know, that potentially this could be, um, a little bit more of a.

Mark Boyer (09:36.782)
and hi.

Mark Boyer (09:51.374)
Thank you.

Mark Boyer (10:01.294)
Thank you.

Jason Jacobi, CFP® (10:01.372)
bumpy rate hike rate cut scenario. Again, potentially we don’t know what’s going to happen short term depends on the economy and how it reacts and how this is baked into the cake here into the markets. But, but we could get a rate cut, a couple of rate cuts, and then we could see inflation start creeping up again over three, six months. And then the feds like, Oh, we need to raise rates quarter basis point to hopefully taper that off a little bit, but it’s going to be a balancing act. Right? So quite interestingly enough, we’ve got indexes going up today.

Mark Boyer (10:16.59)

Jason Jacobi, CFP® (10:30.492)
were very muted or even down market open. We had treasury note, which again, I want to get your thoughts on currency and gold here in a second. Okay. That’s really interesting to look at. Ten -year treasury note here. Pretty, you know, it’s obviously moving, you know, 10 basis points, potentially five basis points, depending on where we’re looking at here, but.

I mean, you see these, these slopes and it kind of moves sideways throughout the day. And then as soon as Powell starts speaking, boom, we get, we get the, uh, the yield drop in and then shooting up to over 4 .32 % and then coming back down to earth kind of where it was throughout the day and basically finished flat around 4 .28 % on your treasury note. So getting pretty volatile when he’s talking, trying to figure out where we’re going with interest rates. Uh, and then we get into.

Mark Boyer (11:18.314)
Think about crazy. I mean, just a side note, I’m thinking about what you’re looking at these charts, like how important so we knew you knew they weren’t going to change rates today, but everybody was waiting to just listen to Powell. And it’s just crazy to think of how much. I mean, when he talks and if he says the things that.

Jason Jacobi, CFP® (11:26.284)

Mark Boyer (11:44.622)
the market makes a kajillion dollars. I mean, the move, right? It’s like, you know, it’s like the old EF Hutton when EF Hutton speaks, man, everybody’s listening. It’s like, it’s crazy. The

Jason Jacobi, CFP® (11:46.748)

Mark Boyer (11:58.926)
in some ways, but it’s the reality of it. So I had a major spike. Yeah.

Jason Jacobi, CFP® (12:00.796)
Yeah, moves markets. Absolutely. We had crude prices come down a little bit. But here’s the big, big thing we’re gonna look at. So gold, continuous contracts shot up quite a bit here for a Troy ounce of gold. And then we had the dollar index collapse a little bit, not collapse in terms of, you know, catastrophic numbers, but for the day that the chart doesn’t look great.

Mark Boyer (12:06.572)
Thank you.

Mark Boyer (12:23.532)
Well, but it’s dropped in.

Jason Jacobi, CFP® (12:28.86)
Can you talk a little bit about the parry, the difference between maybe what people are looking at when you see the gold spike and then you see the dollar index crash? Why are they moving opposite? Some people might be thinking.

Mark Boyer (12:30.882)
I mean, lots of reasons, but I think, you know, gold just looks like it’s it’s it’s hitting new highs. Frankly, for me, gold, you know, you get the gold bugs, everything. But if you if you match gold up with the stock market, it’s they’re basically running in tandem right now.

So, you say, well, I want to own gold. It’s a place to be. But at the same time, stocks are looking pretty attractive and breaking out. I mean, the charts look identical. It’s crazy. Even a longer term chart of gold and the stock market. And then the dollar index is basically looking at interest rates. So in kind of the idea that what future interest rates look like, and if they look lower, the dollar

Jason Jacobi, CFP® (13:07.484)

Jason Jacobi, CFP® (13:22.036)

Mark Boyer (13:23.694)
drops. And so you can look at that as a negative, but at the same time, you know, that’s a real positive move for a lot of our portfolios with any kind of international equity or any kind of exposure to other currencies and other markets. That’s a huge benefit. We’ve got friends, you know, clients in Canada, different places that, you know, when the dollar drops, it really, you know, it’s really positive for investments in other places. So look at that as a positive.

Jason Jacobi, CFP® (13:46.364)

Mark Boyer (13:53.614)
Um, you know, and again, that’s just, you know, as interest rates, I think it’s kind of following, following the interest rate idea of what’s going to happen. You agree with that or what do you think? Yeah.

Jason Jacobi, CFP® (14:00.892)
I do. I do agree with that. And I just want to add one thing with gold on this chart above here that, you know, while it is trading near all time highs at this point, I think possibly one of the reasons could be just inflation in general and getting the higher for longer thing and how Powell is saying, oh, we’re going to, you know, rates are staying higher for longer. You know, inflation where, you know, we don’t see it coming down to 2 % in the next 12 months.

It’s going to be a longer term thing because we’re going to do this slowly and thoughtfully. So he says, uh, that basically people are flocking to safety because people think, Oh, gold is the best hedge against inflation. If inflation is going to run hotter for a little bit longer, gold’s a good, a good, good place to be a good safe haven. Right? So you get all the safe, safe haven birds flocking in there, uh, driving up the price of gold. So again, stating back to supply and demand.

Mark Boyer (14:51.426)
Yeah, you don’t have a chart here on Bitcoin either, right? So the currencies, I think they had a big run today. I don’t know. I don’t know. I have the ETF, but I don’t think we have to show it. But that’s interesting, too, that they moved also pretty strong to the upside today. That probably is not part of that might be the dollar weakness as well. So anyway, yeah.

Jason Jacobi, CFP® (14:58.14)
Yeah, you can show it if you want. If you’ve got BTC up.

Jason Jacobi, CFP® (15:12.444)
Yeah. Yep. Absolutely. So let’s, let’s, let’s finish off talking about, so what do we do? We’ve talked a lot about, you know, stocks, bonds, you know, and something that we’ve, uh, you know, talked about quite a bit is there’s other ways to invest. And then we have an event coming up here on, on, uh, April 9th, a breakfast event here locally in Newport beach. So if you, if any of you listeners or viewers want to know more information about it, um, you can, you know, uh, click on any links associated with, uh, with.

with this podcast, if you’re watching it or listening to it online, you can go to boyerfs .com and contact us through there or even give us a call as well. And we can give you the information completely free to you come learn some great stuff. But basically our theme for it is innovative strategy for the modern era, modern era, meaning AI, AI is dominating bonds, reacting like bonds again, but also spitting off a great yield in that core core plus multi -sector.

Mark Boyer (15:43.434)
Thank you.

Jason Jacobi, CFP® (16:12.592)
even short duration is going to get some great yield and total return potential over the next year or two. So what are some other strategies that maybe can kind of unhitch the correlation? Because stocks and bonds usually are opposite, right? Usually one might be doing better than the other. They kind of offset to create the all -weather portfolio, but they’ve actually acted in tandem recently. So

Mark Boyer (16:36.814)
Well, yeah. And there’s a lot of concern about that, right? And it’s like the 60 40 got absolutely blown up in 2022. I mean, when they raise rates so aggressively, the stock market, you know, a couple of years back, I mean, they were just the 40 years. It hadn’t been 40 years since that kind of situation happened where you just, you know, you just raise rates, kills bonds, you know, the inverse relationship crushed the bond market and really, you know, obviously hurt the stock market too. So in correlation,

you know, a 60 40 portfolio that’s supposed to be kind of offset each other, just both both crashed and painful, especially for people that, you know, are already conservative, you know, and trying to, you know, later in years, you know, retirement, things like that, you know, you’re going to get crushed on both ends. And that’s, that was a one off kind of deal. We’ve recovered a lot of that from the market’s returns and then stop in a bonds gonna, you know,

appreciating off because rates have dropped, come back down. And so we’ve talked in the past year about bonds look good. If the rates do come down, that’s going to be very positive for fixed income again and so forth. But to your point, what’s interesting is in our, I’ve been in this market and this business a long time, there’s alternative investments they call private equity.

Jason Jacobi, CFP® (18:00.764)
hedge funds, private credit, yeah.

Mark Boyer (18:01.646)
hedge funds, different things that a lot of institutional investors, very large dollar investors have been able to take advantage of in the past to sort of offset, you know, they’re still doing stocks, they’re still doing those things, they’re doing fixed income too, but they’ve also had these, these other asset classes available to them due to the size of the funds that they own where they can take advantage of.

Jason Jacobi, CFP® (18:23.674)
Mm -hmm.

Mark Boyer (18:29.262)
of some really good income possibly and some hedge against, you know, a ballast, even further ballast to stock market and bond market returns. And so what’s kind of exciting nowadays is there’s, you know, in recently, last recent years, there’s a lot of ETFs and companies that have developed products that give you a chance to actually participate. Like you have that type of money in alternatives.

Jason Jacobi, CFP® (18:39.898)
Mm -hmm.

Mark Boyer (18:58.062)
you know, that make them part of a much smaller portfolio to give you and us a chance to be a part of, you know, take advantage of what, you know, those types of folks have done in the past. Now, now they’re kind of coming down to places where the normal people can do that as well. So those are sort of like we want to talk about in our upcoming event and some things that we’ve been looking into here a lot closer and, you looking for places where that might be good fits for clients’ portfolios. So.

I think it’s an educational, you know, there’s some things out there and that’s our, that’s our goal to kind of provide education around their buffer ETFs, things that were you, you know, you can explain it, but I mean, it’s, uh, I don’t want to do all the talking here, but we are where you’re, you know, you’re actually creating almost there’s, there’s some products where you can actually create, uh, where you participate in the upside, but if it drops, you know, you get a chance to, you only lose so much, you know, or it’s kind of where the idea of the buffer comes from, which.

Jason Jacobi, CFP® (19:51.548)
search. Yeah.

Mark Boyer (19:56.334)
Uh, in my, you know, long, my history, that was always sort of acute, kind of a part of annuities and insurance products. That’s, I mean, are very unattractive. I mean, completely unattractive except for the fact that they’re sold on fear of, you know, well, what if, you know, the markets drop whatever. And now it’s interesting that there’s actually some ETFs and some products that give you a chance to buffer just that outside of an annuity product, which I think is pretty. Yeah. We’re in a more liquid form for sure.

Jason Jacobi, CFP® (20:22.108)
Yeah, in liquid investments.

Yeah. And I want to, I want to put this disclaimer out there just, just for us not, not getting in trouble for, um, for our listeners and viewers. So this is, we’re not soliciting any products here. We’re just talking about an asset class that around from what we heard, we went to, um, a private wealth forum. And this was something that was discussed because you look at the top, think about the top five wealthiest families in your communities. A majority of them.

Mark Boyer (20:26.478)
So anyway.

Jason Jacobi, CFP® (20:53.916)
around potentially based off of surveys, 50 % of their net worth of their portfolios or their investments are illiquid. So the whole premise of it was like, there’s no need to fear like illiquidity. Liquidity is great. You should always have that available for short -term cash needs, investments. That’s why stocks and fixed income funds can be great. But even if you buy the individual fixed income, usually you want to hold them to maturity unless you got some crazy total return potential, right? So.

All of this being said is it’s not a better way to invest. It’s not a worse way to invest. It’s an alternative way to invest, to decouple, to de -correlate. That’s probably not the correct English, but to decouple from a traditional portfolio of stocks and bonds. And you’ve got your real estate, which is a great asset class as well. But again, this is just something that’s different that if we get a downturn, which after the year we’ve had,

couple of years we’ve had really since 2020, markets have been positive. They took a turn south 2022 until late 2023. And then we’ve had a nice run from there. You know, like I said earlier, all time highs. So these are just ways to take down the standard deviation of your portfolios. So that way, if something, you know, comes in the short term that we haven’t foreseen, because we don’t have a crystal ball, this is a nice way to maybe hedge on the downside because.

And Mark, you can attest to this and correct me if I’m wrong here. Okay. So let’s say your portfolio loses 50%. You need to make a hundred percent in returns to get back to square one. You lose. So if you, let’s say instead your portfolio loses 10, you only got to make 11 % to get back to square one. Right. So again, so just using the law, the laws of mathematics and compound interest, these are great ways to limit downsides or.

Mark Boyer (22:31.15)
Yeah, yeah, absolutely. It’s just…

Jason Jacobi, CFP® (22:51.9)
sorry, not limit, but what’s the word I’m looking for here? Soften, soften the downside of a portfolio. So that way you really don’t have to be peddled to the metal and aggressive to try and force your way back to square one. You just let the markets and your diversified portfolio and time compound interest do its thing. The eighth wonder of the world.

Mark Boyer (23:13.87)
Yeah. And, you know, and again, these, these products aren’t necessary for everybody. And it’s, you know, honestly, for me, like I’m a slow, I’m moving, I’m learning more about it, moving there slower than maybe a young guy like you does. I just, I want to make sure that it’s the right thing for my clients and so forth, but it’s, it’s really good to learn more about it and help people make their own decisions and whether they want to.

participate because it’s just kind of I think it’s kind of cool that you know some things have happened to make these available these types of products these types of You know alternatives. There’s just these alternatives that are now available to quote, you know the average investor instead of the you know, Lord institutional, you know Yeah, the big money, right? So it’s kind of anyway, it’s just interesting stuff

And yeah, it’s more about that. But the key is diversification. And that’s what we’re talking about. I mean, I love stock market right now. It is frothy. It’s it’s I mean, in the sense of people, you know, it’s up, it’s gone up. It’s been a big move. But you know what? Those they can they can go for a little while when when interest rates are positive and, you know, there continues to be growth and earnings. Ultimately, that’s what it’ll follow the stock market. So all of them have their place. That’s why you need a good diversified portfolio.

Um, cause you just never know how it’s going, you know, build a, build a balanced offense. That’s what we’re trying to do with some defense thrown in. That’s what we’re, that’s where this other part can be spoken like a cheap defensive player.

Jason Jacobi, CFP® (24:43.246)
Exactly. Because we know defense wins the championships. Yeah, baby. That’s true. That’s very true. All right. Well, if you want more information on any of this stuff, give us a call, shoot us an email, or contact us through our website. Always happy to discuss these things. But again, like Mark said, it’s about balance, diversification.

Mark Boyer (24:51.854)
Hopkins gets the glory now.

Jason Jacobi, CFP® (25:11.932)
really catering portfolios to your needs and your goals because let’s be real. People will ask for session, no recession. Oh my gosh, that’s all that’s what the news is. It’s clicks. But in reality, it doesn’t matter what happens in the short term, right? I mean, it doesn’t matter. You’ll set yourself up for long -term success. Let’s be smart with what we’re doing and thoughtful in our approach. That’s our job. That’s our job is to be smart, thoughtful, tactical, and listening to the client’s needs.

fears, wants and goals. And that’s kind of our true ballast at this point. Not are we in recession? How can we recession proof of portfolio? That’s not that’s not the goal. So that’s that’s two blankets. They were more personalized than that. But any last remarks, remarks, Mark, before we let the audience go here.

Mark Boyer (26:06.466)
No, I mean, I don’t can’t think of you know, you and I will talk in future about the cash You know, there’s questions with all that cash on the sidelines where it’s gonna end up and maybe that’ll be a future show. It’s um Yeah, it’s a great time to be alive. There’s a lot of exciting things going on and Yeah, it’s it’s a wild it’s a wild time we got elections this year

Jason Jacobi, CFP® (26:12.64)
Mm -hmm. Yeah.

Jason Jacobi, CFP® (26:29.852)
And around we go.

Mark Boyer (26:34.158)
It’s crazy. I just, I pray that we make the right decision with leadership, you know, going forward and we need some quality. Yeah. It’s going to, it’s going to be interesting to see what happens there. So yeah, a lot of, a lot of good stuff. I don’t know. I don’t, it’s, it’s a great time to be alive. It really is.

Jason Jacobi, CFP® (26:52.26)
Love it. Grateful for every day. Thanks so much, Mark. We’ll see you guys next week. Have a good one.

Mark Boyer (26:57.454)
See you around.

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