Strategies For A Prosperous 2024 (Ep 94)
It’s time to turn our attention to 2024 and unravel the potential twists and turns ahead in the financial world. With the "Recession is coming" mantra entering its third year, we explore the diminishing shadows of inflation and emerging signs of industrial deflation. And as we step into an election year, we demystify the impact of political shifts on the market, and we don't shy away from addressing the elephant in the room: Federal actions. Will there be a shift from rate raising to cutting? Finally, we wrap up with a crucial segment on strategic goal setting. Join us for this episode as we equip you with the knowledge and strategies to make 2024 not just another year, but a milestone in your financial journey.
Transcript - The following transcript was generated by a robot, so please excuse any typos or inaccuracies.
Brian Doe 00:00
Hey everybody, welcome to 2024 for Brian Doe here and we're happy to have you back on Make the Dough Rise. We had a good year and 2023 and I think even better is coming in 2024. Today we're going to talk about what's happening with the markets, the Fed, it's an election year. And we're going to talk about goal setting as well and how you can apply these to make 2024 for all that you want it to be. So stay tuned, I think you're gonna enjoy the episode
Announcer 00:31
It's time to Make the Dough Rise the financial podcast with Brian Doe.
Walter Storholt 00:39
Hey, welcome to another edition of make the dough rise. Walter Storholt. Here alongside Brian Doe, Certified Financial Planner at Livingworth Wealth Advisors with more than two decades of financial planning experience and a practicing Certified Financial Planner for now, more than a decade. Brian, you officially passed that decade mark, with us now turning the calendar page to 20 to 24. So, congrats on that. And I hope you had a great holiday season and New Year and you're ready to kick 2024 off to a good start?
Brian Doe 01:08
Yeah. Oh, it was great end of the year. A lot of positives happen, the market finishing up nicely. Looks like maybe there's some positive news regarding inflation and what the Feds going to do this year. We'll talk about that in a little bit. But yeah, can't complain about that. Anything really.
Walter Storholt 01:27
It's great to hear. Yeah, same on this boat did a lot of traveling in December. So I'm ready to settle back in just a little bit and not be on the road so much. Yeah,
Brian Doe 01:35
We wore out the travel last year. So we did, we stayed home and nice, didn't really do anything adventurous this year. And it was it was nice to be able to spend time with family and be at home and it'd be a little more settled. So it was good.
Walter Storholt 01:48
Sometimes it's nice to pump the brakes just a little bit. But we won't be pumping the brakes on the podcast. In fact, we're taking an Outlook to 2024 with a little bit of a rearview mirror peek at what happened in 2023 to help guide us a little bit. Brian, this must have been a tough episode for you or maybe not tough at all, I guess depending on the perspective, just because I'm thinking there's so many different directions and so many different ideas you could take into the episode today, trying to figure out what to talk about as we think about 2024 that being an election year and just all sorts of different things on the horizon this year. So where's your mind to focus on today's episode? And as we kind of preview what to expect in 2024?
Brian Doe 02:25
Yeah, I think today's gonna be pretty easy. And I hope everybody enjoys it. I did get I have been getting a lot of positive feedback from listeners to we had an open house over the holidays at the office, kind of a party, it and a couple of people said, Hey, we've really been enjoying the podcast, keep that up. So that was nice to hear. And I got some emails from people that that said they enjoyed certain episodes. So today is a little more nuts and bolts for me stuff I think about continuously. And I was actually fairly easy to put together. But I want to talk about what we're going to do investment strategy wise, I hate to give predictions on what the market is going to do or what interest rates may or may not do. Because that's that's kind of a fool's errand as we've seen, even the people who do that professionally and for living rarely get it right. But there are some things that have happened in the portfolios. Things that are metrics or valuations that we can look at that are optimistic going forward that I think if over, rather than trying to make a hard prediction, I'll say, Let's see over the next year or two, these trends these phenomenon should occur. If that does work, who's going to benefit? How do you position yourself to take advantage of that. And we can always do with the rearview mirror where I can give you a very concise recap of what has happened. And that definitely informs what may happen or could happen in the future. So we'll we'll do our best at it. But I think overall, it's going to be a productive year for the particular strategy I'm deploying for most of my clients.
Walter Storholt 04:09
Very good. Well, I'm looking forward to diving into all of this with you, Brian. So without further ado, let's get to it. And do you want to start back with a little bit of a look at it? 2023 before turning the page?
Brian Doe 04:19
Yeah, one of the big things that's been happening, and it may be a phenomena of the technology and scale that you get from having very dominant platforms. But if you looked at the winners for the s&p 500 It was very narrowly focused. You had certain technology stocks. Nvidia was was the big one up 180 over 180% for the year. Facebook had a huge recovery was now called net up but part of that recovery was off of a big drop the previous year. And then Tesla Adobe, AMD, you're hearing a lot of technology names, semiconductors, specifically. And it was just a very, very narrow year for the behavior of of certain stocks. So what's happened is a lot of the names deeper into the indexes aren't have not participated in the recovery and growth. And so you may see that begin to broaden out. There's some small cap value stocks, high dividend stocks that haven't participated so much. They haven't gone down, they haven't been beaten up horribly, they're not as volatile as the growth stocks. But we've definitely seen this this narrow down into fewer and fewer, what I would call a winner take all type environment.
Walter Storholt 05:46
Okay, very good. So that kind of lays the lays an interesting path for the year ahead, doesn't it? It
Brian Doe 05:53
does. And again, looking in the rearview mirror, I've was looking at different indexes. I think everybody's familiar with the s&p 500 index. You've probably heard about the NASDAQ, which tends to be more growth companies and technology companies. And in the wanted to emphasize why if you're not making individual stock choices, if you're doing more indexing broad market indexes, and you're holding those for long periods of time, that strategy has actually worked very well. In spite of the feeling that you haven't really done anything. You can buy an index in 2000, let's say. And if you held it for 23 years, the indexes are constantly being reconstituted. They're based on the market cap of the companies and for the most part that the Dow is a little different. I won't get into why the Dow isn't bad index right now, but just the s&p 500 is market cap weighted. The NASDAQ does does something similar with the top 100 companies that that trade on the NASDAQ exchange, but when I was looking back in 2000, if you had bought the NASDAQ 100, some of your top holdings in that index were Cisco. Intel, JDS uniface, Microsoft was in there Oracle Sun Microsystems, Qualcomm Nextel, Dell computer, and Vera toss and CBOE cover a couple of names that were also in there. Maybe you don't hear much about a lot of those. Obviously, Microsoft and Cisco around but some of those fallen off the radar entirely. And now your top holdings in the NASDAQ are Apple, Microsoft, Google, Amazon, Nvidia Netta, Tesla and Broadcom. So you've seen almost a bit with one or two names remaining, almost a total reformulation at the top end of the NASDAQ 100. And so if you did not have a crystal ball back then if you did not know who was going to be the big leaders in the NASDAQ by owning and buying the index and holding it over a long period of time, those winners rose and they became a larger part of the index. But you participated in that. And whether you picked these individual names or not. You did have exposure to them by having by having the NASDAQ 100 in there. So it's a very good and the same thing. If you look at the s&p 500 If you go back to 2003 is is where this was example was taken. Some of your top holdings were Walmart, General Motors, Exxon, Ford, GE, Citigroup, IBM and Chevron.
Walter Storholt 08:55
You can you can tell that list is going to change. Yeah, I mean, very
Brian Doe 08:59
loaded industrials and energy, financials technology, a total transformation. Well, now the top holdings in the s&p 500 are Apple, Microsoft, Google and Vidya Netta Tesla, which is almost identical overlap with the NASDAQ 100 Berkshire Hathaway makes a showing here. So it I think that really highlights how both of those indexes have just become very top heavy, very dominant by those few tech names. And whether you owned one or both of them, you have have participated in and benefited from the growth of these these big new names. The problem I see here, the one problem I see is that there is tremendous overlap now between these two indexes. So if you're if you're holding all NASDAQ 100 and the s&p 500 index, you probably have a diversification issue there. that needs to be addressed. But then nonetheless, at that thought it was interesting exercise to go back and look at how how much the names have changed in those top indexes, and how now both of them are fairly dominant in the same few tech companies,
Walter Storholt 10:14
that overlap is certainly very easy to see. For those that are audio listeners, you're not seeing the graphics that we're kind of discussing here. But it looks almost like a mirror image of now, the s&p and the Nasdaq on that 2023 metric. And it's interesting, that wasn't a problem back in 2000 2003. There's not any overlap really at all between those two indexes. So that's pretty stark difference of, of how 20 years has really shaped that. Yeah,
Brian Doe 10:42
and I think if you're wanting to maintain the diversification, or there's some extra, some very easy ways to round out this list, again, by throwing in a high dividend, or a very small cap value, exchange traded fund or something like that, which is we'll talk about it in a little bit looks like a very attractive place to be putting money by buying a low valuations getting good dividends, you can very nicely round out this list, and you don't have to incur a lot of capital gains by selling off your your other big indexes, if you've been holding them for long periods of time. That that is the beauty you're still in charge of capital gains.
Walter Storholt 11:21
Oh, good points across the board. Now. I'm curious, Brian, because we've been hearing for multiple years now that you know, we're going to have a recession, we're gonna face it, and it's starting to feel like okay, sure someone's gonna be right when you know that broken clock twice a day. Or if you just predict the same thing to happen every year, eventually you'll be right. So is Is this the year for that?
Brian Doe 11:43
It's kind of like Chicken Little The sky is falling, the sky is falling. We've been hearing for two solidly two years, of recessions coming this big recession coming. You know, we've had some events transpire volatility with the market, there were some the big bank failures that we had for a while, we had the supply chain issues, getting all that worked out after COVID. You've seen different employment, layoffs and things happen in different sectors. But none of it happened. All of those things did not happen at one time. And so some would argue that we have slow rolled the recessionary trends in a way that is looking more like a soft landing, or maybe a recession plus real recovery from the market pullback of 2022. And you know, averages are, are nice, and they're interesting. And it looks like that's definitely the track we're on. But we we've been hearing that a recession is coming. But the Fed action, raising interest rates, reducing money supply, making, borrowing a little more expensive, has definitely caused weaker companies to not be able to access free money, cheap capital. So that that weeds out some of the weaker players for sure. And we are seeing inflation begin to subside. In fact, the industrial sector and durable goods sector, let's say like heavy refrigerators, washing machines, maybe cars and things like that. We're actually seeing deflationary forces in those prices. Now I know everybody that's paying the bills by going to the grocery store buying gas, we're not seeing it yet. But Cathy Wood had been talking for some time that our bigger problem on the other side of this cycle was going to be deflation. And she may turn out to bid to be quite right here, because we're beginning to see it in in the durable goods space.
Walter Storholt 13:51
Interesting to see how maybe that comes to fruition in 2024. But also some of the other, you know, concerns of it being an election year can kind of throw all of that out of the out of the equation, right? So best laid plans sometimes get disrupted during these these times. So yeah,
Brian Doe 14:08
a lot of people may think prices are going down this this is the fear or problem with deflation is if things are getting cheaper. Everybody that sense is as I say, Everybody concludes at the same time prices are going to be cheaper for furniture next year, nobody's going to buy furniture, and you're they're going to wait because they're going to be able to get more for their their money in the future. So if you think inflation is bad, deflation can throw a monkey wrench into the economy, you know, far worse than than inflation, because it can cause even more extreme behaviors where people stop spending and that can actually grind an economy to a halt to all two which would be interesting in an in an election year. If you had some very wild economic forces like that, but to Only 24 will shape up, I'm sure to be a wild ride on the political front, I don't know how their this whole primary season is going to shake out if it's going to be a rematch with Trump and Biden, or if somebody else is gonna step in, and they're gonna do some Switcheroos in the middle of the year. But Capital Group put out a really interesting piece that looked back at past election years and said, Hey, what, what has happened, what what parties are best for the market, what behaviors have worked out and strategies have worked out the best, I thought it was helpful to go back and look at it. Because the end again, we've got a very good graphical piece here, if somebody wants a copy of this or wants me to share, I can just give me a shout or shoot me an email, and I'll send you a copy of this. But it said which political party has been better for investors, Republicans or Democrats, and you could look at this growth chart, you know, going back to 1933. And it's hard to find a pattern in there that says any particular administration was bad for the market. Overall, the stocks have trended up, regardless of whether Republicans or Democrats were in office, maybe different sectors benefited or certain, you know, industries or things like that had had better performance under certain administration's. But again, if you were just broad, s&p 500 index investor, there was not a particular party that you could say was, was damaging or negative to stocks. And so the lesson there is just tune out all the a lot of the political noise, it's actually not going to be productive as far as choosing a strategy for your portfolio.
Walter Storholt 16:52
So really interesting to look at that. And the the difference or the non difference that some of those things make some times and it has a lot of people wondering what's what's going to be the best way to invest in the new year. But it's not just kind of the election that makes noise. But the Fed is always in the news, at least that once a month, right when they decide what to do with, with rates. And I don't see that going away that phenomenon going away in 2024. Yeah,
Brian Doe 17:17
technically, the Fed supposed to be apolitical. But, you know, you're seeing Janet Yellen working at Treasury now. And there's kind of an overlap or nothing's a political Right. Right. Right. So it's, hopefully they remain as independent as possible. But yeah, if you, if you look back on, if you're trying to develop a trading strategy based on what happens during an election year, the primary season tends to lag or be more volatile than non election years. So again, I'm not advocating that anybody make a short term trade or short the market or do anything like that. But the first few months of the year, could see a drag on the market, because of the uncertainty with the primary phase of the market, depending on what candidates and issues are being brought up. But where I see that being an opportunity is, a lot of people are heavy in money market, we've had very good returns on money market yields lately, so it's been a very attractive place to get a nice, solid return and take minimal risk. And the market has has bounced up here in this past quarter. So some people may say, Hey, have I missed it? You know, what, what do I do with all this money market? Well, I see the first quarter of next year being a very good opportunity to rotate out of the money market and begin to add money to the market. And then after the primary season, historically, the market has trended back up in line with the normal historical rates are maybe even increased at a slightly higher rate for the remainder of the let's call it one year past the end of the primary season. So bottom line, there was primary seasons tend to be volatile, but markets have bounced back strongly thereafter.
Walter Storholt 19:13
Good to know. All right. So lots of good takeaways, so far from this 2024 kind of outset and prediction and things to keep an eye on. What else is jumping out to you as you think about the year ahead?
Brian Doe 19:25
Well, they were looking at sectors, which which sectors have done the best in election year. So if you want to try and make a overweight in your portfolio to a particular sector. Again, I was looking at the data, and I would say overwhelmingly, one year before an election tends to be poor performance than one year after an election. And by sector it really didn't matter that I'd say utilities were about a dead dead heat a Before after elections, and energy financials, and maybe Infotech had the biggest variance, tending to be better after the election and doing worse before the election. But again, the pattern is very much the year before the election, the uncertainty, it weighs on the market, people are cautious. And then once the new administration is in, and we know what's going to happen, you know, they say markets don't like uncertainty in these. So once you have some certainty about what's going to happen, people tend to feel better, and then you'll have better returns once the election is over. So again, that gives us the first quarter to half of next year to put cash back to work and figure out where we're gonna go if rates begin to come down on on money markets. Okay,
Walter Storholt 20:50
that's very good. So sectors are a big thing. What about as we look at all of these different angles to approach the New Year? Do you see people making mistakes when they're trying to read these tea leaves that then give you a little bit of concern?
Brian Doe 21:04
Yeah, I mean, clearly, it's too much cash, too much cash and money market, okay. And if you look at the cycle, we're in with the Fed, interest rates are up, borrowing costs are up, if you're trying to buy a house or get a mortgage, obviously, you know, your your rates are significantly higher. So it's more expensive to do that. But the positive the flip side of that is, everybody's sitting on cash can now or below five, five and a quarter five and a half percent on money market, is that that becomes a very attractive place to be. And add to that the uncertainty nervousness about what's happening with the economy, the markets, the election cycle, people tend to get too conservative and put too much money fund flows into money markets ramp up during election years. And then what again, once things settle down, people will come back to the markets. And that's a mistake, that's absolutely a mistake to make. If you looked at moving into cash during election years, that is very rarely a winning strategy. And so they broke it down of the best ways to invest in election years. And So option one is remain fully invested. Option two is consistently make contributions, dollar cost average, you know, through the market. And option number three is sitting on the sidelines. Walter, what do you think was the best strategy for dealing with the uncertainty of an election year? Well, I'm
Walter Storholt 22:38
gonna say not sitting on the sidelines, because it seems like you always steer people away from that.
Brian Doe 22:43
Yeah, overwhelmingly, if you had started with $10,000 in each of these examples, and had an ending value, after a four year holding period, the four in this would be 10,000. On January 1 of the election year, 10 years later, staying fully invested would have grown from 10,000 to $15,865, dollar cost averaging. And so you would continue to invest 1000, for each of the first 10 months of the election year 10,000, grew to 15,007 38. So not not too far behind, staying fully invested. And sitting on the sidelines, if you're nervous about how the elections are going to affect markets. And you wait until January 1 after the election results are in to invest your 10,000 that grows to $14,936. So clearly, staying fully invested, or dollar cost averaging into the face of the uncertainty was the winning strategy. Overwhelmingly, there were only three of 22 cycles where sitting on the sidelines, was the best option.
Walter Storholt 23:52
Interesting, that's the that that's the case. But but not so much on the sitting on the sideline part not paying off, but that you can have success in either of the other. The other realms is pretty interesting to see. Well,
Brian Doe 24:05
and interestingly, all three are winning strategies. Okay, like none of them did you harm, right. But doing the one that maybe frightened us the most consistently was the best best strategies. Yeah.
Walter Storholt 24:19
How about that? All right, what else jumps out to you? Well,
Brian Doe 24:23
so I think what we're gonna see moving away from election, politics and all that stuff, what the Fed does, is going to have a big impact on what has had a big impact and will always have a big impact on what values are out there, what the markets are going to do what happens to bonds and stocks, high dividend stocks, and overwhelmingly we're hearing people say and, and, you know, we're always getting updates and announcements from the Fed, but it looks like we are at the end or nearing the end of the rate hike. So cycles. And looking forward, a lot of people think next year and into 2025. We will see a lot of these rates cut that have been increased so rapidly over the past year, year and a half. And if that happen, and what you will see is your bond prices come back, we suffered a big setback in bond prices when interest rates shot up. And so that's really been a drag on conservative portfolios. It's also why we're able to get such good yields off of money market right now. But if rates begin to come back down, your high yields on money, markets will come down with it. And your bond prices for longer maturity bonds will go back up and you'll begin to see some appreciation in the price of your bonds, where I think it will even have a big impact as well as on high dividend stocks. We're at a situation where the valuations for high dividend paying stocks is way below its historical average. Now high dividend stocks tend to sell at a little bit of a discount to the market anyway, they're even more boring, they don't grow as fast, but man, they're great for good income, the dividends are treated preferentially for tax purposes. And historically, they are selling at about a 12.9% discount to a PE base price to earnings basis to the s&p 500. Or right now they're selling at about a 25 to 26% discount to the s&p 500. So, again, going back to that earlier analysis we did on the broad market, ETF indexes, if you've gotten have top heavy in all those tech names, this is the perfect complement to round out that portfolio. So if you have dollars sitting on the sidelines in what and or money market and you're getting a good, good dividend, you think that dividend may be coming to an end over the next you know, 1224 months, where you can go buy a something like the Schwab high dividend exchange traded fund. And it pays about a three and a half to 3.8% dividend depending on which day you check the price. So you're getting paid a good dividend to own those types of companies. But if these valuations come back to normal, you could see nice appreciation in price from again good quality, profitable established companies that as rates go down, your yield on money markets going to go down with it. People that have been sitting in money market that didn't have the foresight and the advantage of listening to this podcast, they're gonna get caught flat footed and then they're gonna come running back into stocks later, when it's already had, you know, a leg up on on movement and people's know the high dividend stocks, there's a good dividend yield there, they've been shooting up lately, man beat everybody to that cycle beat everybody to the to the trend, move move away before the crowd does and I think it'll, it'll work out well for you. Obviously, if that fits your goal, if you if you need the cash, if you have an emergency fund if you you just can't stomach the risks disregard everything I just said. But I think if you're forward looking and income producing portfolios, that's what you want to do
Walter Storholt 28:30
lots of different ways that we can set goals and plan for the future and kind of get ready for this new year. If somebody's looking for how to kind of take the next best steps. Brian, where do you typically see yourself kind of steering people when they when they approach a new year like this?
Brian Doe 28:45
I think the first of the year is always a great time to reevaluate and set goals. I know it's cliche, everybody says I'm gonna lose 20 pounds, I'm gonna get on the treadmill, you know, three days a week and everybody abandons those by the end of the month in most cases, but I always look a little further ahead and say what what are my goals for the year and begin to actually quantify them and get clear on what you're aiming hat, not some fluffy want to have more money or do more, you know, kind of vague, undefined things we get get very specific about what you want to accomplish. And if you can put a person a place a name, a date, a quantity or a number two it, you can get focused in developing good a good strategy towards achieving that. And I think think last time we talked about the positive focus. Remember I was talking about looking backwards and measuring all the positives that happened and reassessing how last year turned out for you. Well, the person that I got that from again was Dan Sullivan at strategic coach will his goal setting technique is It's more of a, I guess you would call it a maybe a navigational tool to help you achieve goals. But he, he would have you write down a very specific goal. Alright, so let's say for example, I wanted to spend two weeks in Italy for my anniversary in November. Well, that's a great goal. But what your brain does is it immediately says, Oh, it creates this gap of how difficult that is to achieve or what, why all the reasons why you can't do it. And if you take that negative energy, or that ability to complain, or list all the reasons why you can't accomplish it, we don't have enough money, we don't have I can't get the time off, or I can't, I can't get away because of this. If you list out all the obstacles to why you can't achieve that goal, this works beautifully, because it goes straight to where your brain naturally wants to go. And that is all the excuses of why it's not going to happen. list those out, don't don't get don't don't stay focused on this, you know, positive visualization manifest, I'm going to make this happen by No, it lists the problems list the obstacles. And once you've done that, then you can develop a strategy for each of those obstacles. Why don't have enough money? Well, alright, how can I solve that specific problem, like spend a little bit less, maybe it gets all this extra junk, I've gotten the garage in the basement, have a yard sale, take some gains out of my portfolio, whatever it is, if you're able, then to see where the money can come from a little bit here a little bit there, it starts to add up. And you can do one or two, three things. And pretty soon it becomes a more realistic goal. I don't have the time I can't get away. Well, maybe we need to get somebody to watch the kids. Maybe we need to ask for some time off corral some days off. All the reasons why you can't do it suddenly become almost small, it almost seems ridiculously easy. Once you get done with this. And I have seen this work with major life goals and changes. I remember one time I had a client going through a very significant life change event, let's just say. And so we know what what would if you looked a year ahead, what would you like, things to look like? Like what would be a successful resolution to this? She gave me a good answer, you know, it would be it would look like this, we'd have peace and harmony, it'd be settled here and there. And whatever the case was specific, I won't go into the details. I said, Okay, tell me all the reasons why that can't happen. And boom, 1238 reasons why that was going to be difficult, because she was dealing with a significant amount of stress and overwhelm at this. And so I took the eight ideas. And I said, Well, you know, here's a couple that look very similar this, these kind of revolve around the same issue. And I said, here's a couple that are related. And by the time we got down to we've narrowed it down to about four or five real, actual problems. And I said, Now, let's get another column. And let's develop strategies for overcoming each one of those issues. And I was like, well, we could do this, this and this, this is this, this. And pretty soon it shed some clarity, some vision, about how to move past this particular challenge and difficult time and what it looked like on the other side. And it was life changing, and positive. And to this day, that's our favorite exercise. And she even talks about how she went through that. How much he uses it shares it with her friends. And I've never actually really shared it on the podcast. And I definitely want to do want to give credit to Dan Sullivan for this approach. But if you want to work that out, if you got a specific goal that you want to accomplish, start with the obstacles. If you want some help, understanding how those become the raw materials for transforming and creating success. Be happy to share that or work with anyone else do that. So that's how I do it. And it's worked great. So if you had a positive year last year, you've tallied up all your wins for the year. Man Get clear. What do you want to accomplish this year? Don't be too vague or general about it. Don't set too high expectations about short term results. You know, run the fitness goals and all those things. Find some cool stuff that you want to do, map it out, figure out what's going to take to get there. Figure out what stands in your way and then then work around it. And yeah, that's my advice for you.
Walter Storholt 34:59
Fantastic. Well, we talked a lot about looking ahead on the show today and trying to talk about 2024 in the future that this year will bring. And if you are looking to take control of that financial future in 2024, but not sure where to start, you can always let Brian doe, a seasoned Certified Financial Planner with more than 20 years of expertise, be your trusted partner, whether that's wanting to create something like a solid retirement plan that we talk so often about here on the show, or if you want to receive some expert guidance on optimizing investments, or perhaps avoiding costly tax traps, a common topic here on our show as well. Brian's got you covered in all those arenas and more in don't forget, as a CERTIFIED FINANCIAL PLANNER professional. It's an important designation because it means he meets the highest standards of education, training and ethics, always putting your best interests first, really important metric in the financial planning world. So take advantage of a complimentary 15 minute call with Brian to get your year off to a good start. You can get clarity about those financial goals for this year and beyond. And prepare for that more secure tomorrow. All you have to do is call today and pave the way to that financial success together. You can call 706451 9800. Or the easiest method, go to living worth.com. That's living worth.com and click book a call. You'll see it there on the page. Just click book a call and you can schedule your time to visit and meet with Brian to talk about your goals and your financial future. Living werth.com and click book a call. Great way to start off the new year on a solid planning note and who doesn't want to better their finances every year and this is your chance to do that in the year ahead. Brian, thank you so much for your guidance. Happy New Year to you my friend and we'll look forward to catching up with you again next month.
Brian Doe 36:46
Yeah, sounds great. Hope it was helpful. Yeah, surely was
Walter Storholt 36:49
interesting to see some of these comparisons data and what to expect in the year ahead. Don't hesitate to reach out if you ever have any questions for Brian. Otherwise, we'll see you next time right back here on make the dough rise.
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