Beantown Podcast - Taxes Special Year Three ft. Matt Fiedler (03292020 Beantown)

Episode Date: March 29, 2020

Join Quinn and special guest and money extraordinaire Matt Fiedler on our 3rd Annual Taxes Special! Together, we discuss a wide range of topics including shell corporations, the S&P 500, and what on earth is going on with this Tiger King guy. You don't wanna miss it!

4 3 2 1 You ready? Oh yeah, I'm ready baby. All right, welcome to the Beentown Podcast. Join us this week for we'll see it might be a riveting conversation between the best boy Quinn David Furnace hosting one of the top 500 Chicago podcasts Quinn welcome to your show. Thanks, Matt. How's it going? It's going pretty good. Not too bad. Can't complain.

There's always things that complain about, but it's not worth it at this point. I don't think. The system, thunderstorms, pesky owls. There's always the pesky owls. That's true. All the pesky owls are the worst. Let me ask you this. What's, you know, we're going to be talking about quarantine quite a bit for the next four

hours here. But right off the bat, what's something this week that's really, you know, chappin' you're behind. It's really just kind of nagging you, scratching you right where you don't want to itch. Well, I would say the one thing that quite literally is chopping my behind is the working from home type situation, where I just find that I sit on my proverbial behind or ask if you want me to just speak candidly about it. And I find I don't get many steps in throughout the day. Everything I need is really within an arms reach in many cases.

More so if I just spent my day on the toilet because then you don't even have to get up. Just bring a laptop there, you can work from there. I think cash tag board Jennifer found that out the hard way. But yeah, so I would say that's the one thing that's probably harder on my keyster. But as far as adaptability, I don't know, there's a slight sense of cabin fever in which case I feel kind of reminiscent of the shining type situation where you just get the trapped in you know in a building and it might drive you a little stir crazy. I don't feel like I've gotten to the doll boy type situation yet though so there is a good news there. Well if it gets to the point where it starts to feel like saw then I

think you don't don't even worry about getting to the doll boy point because that's if you're starting to consider chopping off your own knee or your leg just for fun then call somebody. I don't think they ever did it for fun, did they? I'm gonna be honest with you, I think I've only seen one of the saw movies. Well, I've only really seen the first one and And no, it's not for fun, but it's, you know, that you kind of have to do it to live. So in a sense, it's like a choice. In a sense, it's kind of fun to live, depending on where you're at.

Yeah. I, let me ask you this. Have you ever considered strategically placing all the different things you need for your work environment in different rooms of the house. So I'm thinking we can have your desk chair in the bedroom, the laptop goes in the laundry room. You just completely move the toilet to the kitchen,

I'm thinking. And it's not easy to move unless I were to do this like portapoddy type situation, a little home impurchase like five you've never heard anybody. Yeah. Five gallons. How much waste are you going through? You don't need all of it. But if it was one gallon, that would be significantly closer to the floor. I'm thinking like get it up a little bit so it's easier on my knees and my back. I'm not going to do the squatty-pody type situation. Oh I suppose. Well good talk. I should mention that we're going to get slammed by the FCC here because Matthew went ahead and swore

live on the show before we got to state our listener discretion. Yeah. Our listener discretion is advised tag number one. Matthew will oftentimes throw language out there before we've even had the chance to use our listener discretion is advised tag. And number two is podcast is objectively terrible. Although it's always a whole lot more fun when we're joined by a friend of the podcast and bean town podcast legend and taxes and finances and health and nutrition expert and residents Matthew Fiedler who is so kind to join us many, many times on our podcast, but for this episode specifically for our taxes episode, our annual taxes, spectacular, I know what you're thinking, Quinn, in such times of trouble and strife,

how could we possibly be thinking about shell companies and the Cayman Islands and W2s at this point in time? But listen, I don't care if Trump pushed back the tax deadline or whatever that worked. We're going to be digging into that in a second here. You still got to do your taxes, OK? Let's make one thing clear. I don't, maybe you stop paying child support.

You're not going to the gym, you're not recording your Scott Ferral audio book, not that you're quarantined, but you still got to pay taxes. There are some things in life that just go on and on and on. What's the saying is death, sex, and taxes. It's something like that. I think it's just... The only thing certain is death and taxes. I don't think the sex is really for certain. I read it.

Specifically for some people. Read that on the inside of a Dove chocolate wrapper. So if you're wondering how my diet's going and that's all you need to know. But Matthew is so generous to join us on the podcast and let's jump in right there. We're gonna have a lot of time. I promise to chit chat about all sorts of things

on this episode of the Bean Town podcast. But first thing I wanna get your not necessarily advice on, but just bring us all up to speed regarding the tax filing deadline this year. What's the latest news? What's going on with that? What do we need to know about filing our taxes this year in the face of quarantine and the current Corona virus

pandemic? Well, I think the first thing would be there's not many benefits from this whole coronavirus type situation there's just nothing good that's really coming from it except for maybe two things one hopefully we get a little bit more bipartisan type of cooperation with everybody and you just kind of take one positive out of kind of a crappy situation and people just kind of start one positive out of kind of a crappy situation. And people just kind of start respecting each other,

which I think is kind of what the quarantine thing is all about, right, respecting other people's health. And I might not be a carrier right now or be infected with it, but you just don't, you just want to take yourself out of the equation. The second thing, which probably more so addresses your point, is what the hell is going on with that? When do we file? Well, the nice thing is you have enough time to kind of go through all your tax documentation now. You can procrastinate

just a little bit longer than you could in prior years. Originally it was push back, I believe, the tax deadline was pushed back for corporations, and then it was, oh you have to at least get it still filed on the 15th, or you could extend it, but now it seems like the new date is, I believe it's July 15th, if I'm remembering that correctly. And this is all pre-fist before I say that I am in no way a tax expert. I don't even do taxes for a living. I am an auditor. So my tax knowledge might be better than the average American that didn't take any finance

or accounting classes, but it's not much. So, and is it still, so the kind of general thinking is do your taxes as early as possible, get that money, you can put it in the bank and best it, whatever you want to do with it. Is that still whole true? Should you still, if you're able to do your taxes right now, listen to this episode, should you go ahead and do them? Or is there any advantage to maybe utilizing

that July 15th deadline and doing it a little bit closer to that date? So I'm gonna say, I think I said this last year too, and anybody who talks to me about taxes, I will tell them the same thing. last year too, and anybody who talks to me about taxes, I will tell them the same thing. You don't want to get money back at the end of the year, because essentially what that is, a tax return

is essentially the government saying, hey, we had this money in it. You didn't really owe it to us. You overpaid. So we'll give it back to you. Which is fine. But when you think about it, you didn't really owe it to us, you overpaid, so we'll give it back to you. Which is fine, but when you think about it, there's so many things that you could be doing with that amount of money, too, right? You could have supported your local podcasts, or two, you could have invested, right?

And I know it's not super enticing when the interest rates are really low, but one thing that I would encourage more Americans to do is take, I don't want to say take advantage of the situation because that sounds very cold and heartless. But the markets have really drawn back as of recent, which makes sense. Our productivity is quite low. Everyone's kind of inside. There's a lot of unemployment happening. So now a whole lot of productivity across the board. However, it's a great time to invest.

One thing that you could invest in that I have, take it with a grain of salt, I'm no master investor, but the S&P is like at an all time below, right? So even if you were to throw a few hundred dollars or whatever you got in your tax return into that and just let it ride for a year and it came back at normal levels, you'd make, you know, just multiples of what you put in there. And that's considering if the markets get back to where they were before before this decline hit. So it's kind of an interesting situation where if you have money that's not invested,

and you don't need it right away, it might be kind of, I don't know, enticing to put it in there and watch it kind of grow. We're absolutely going to hit this topic of investing in the market and the bears and the bulls and the cubs and the white socks markets and all that stuff. But I want to go back to an interesting point you raised. You mentioned the word heartless and that's a single off of 808's and heartbreak. One of my favorite Kanye West albums. A lot of people didn't like it. It's very different. That was my favorite Kanye album. I'm going to be honest with you.

Okay, well, you just answered my question because our next big question was, what's your favorite Kanye West album and why? RoboCop is a pretty solid track. Just all of it really. It's been a long time since I've listened to that, but it's, I'm gonna be honest with you. I've never really got the Kanye thing. He's just kind of not my style, but that album was pretty solid all the way around, even if you're not a huge kind of fan. Alain, you mentioned my style which I think was you know a black eyes

pee a black eyes peed hit from like it's a different band from like 2003 but you remember in in in was it 2008 or something when they came, the black eyes, the black eyes Pied dropped. Drop that huge album. Hold on, hold on, look through wide. Say it one more time. The listeners can rewind on their own. They've had two chances. I'd Pies. No, this is a new new band.

New band. Okay. Yeah. Well, but do you remember that album? I think it was 2008 they had there's just like took over the whole Radio world and like that's kind of what had the boom boom power well. Yeah, it had It had boom boom power. It had I got a feeling it had I'm a bee and meet me halfway like you could go the radio, you hear all four of those songs.

It was crazy how big that album was. You wanna know, out of those, would you sit where there are four singles that you named off? Yeah. Out of those four, I would say meet me halfway, it was actually probably one of the most like decent songs out of those,

but there was probably the least popular. I think you're right. I don't remember enough about the song itself to really speak to the quality of it, but. Yeah, I know. So I remember hearing, I think it was when they kind of started releasing those singles, but I think the story that, at least the one that I remember

is that Will I am was in Australia and kind of hovered around some of the night clubs there and noticed that the way that they their music's a little bit different than the way they do it here. It's very, you know, it's still beat centric which ours is, you know, you have to have that driving, you know, bass or in or drum, but that's, he pretty much produced all this stuff over there in Australia. When he was over there, kind of just immersing himself in the nightlife, listening to their musical influences, but I don't know, Australia seems like a pretty awesome place. It's just kind of Sydney in general, kind of embraces artists and musicians as a whole. Well, and I'm glad you brought up Australia

because this was a question I was going to have for you in about two hours here. But it's not even a question, it's a statement. I'm going to give you one shot, one shot only, to say any sentence or phrase you would like and an Australian accent, and you get one crack at it, okay? Okay, so I think there's low-hanging fruit here.

All right, go for it. Good eye, Mike. Dingo babies, alligator's. That's my impression of Kevin from the office. That's a direct quote. I'm gonna go to the public hall and get some of the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public

hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public

hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public

hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I'm gonna go to the public hall. I can't do it. I can't do any, I'm gonna be honest with you. I used to think I could do like a British accent at one point, Allah Scott Farrell. But I can't, I can't talk about that in a second. But I can't, I like, I don't even know mentally,

I can't even wrap my head around like, what to do anymore. Not like I ever was good at it, but I just can't do wrap my head around like what to do anymore. Not like I ever was good at it, but I just can't do it now for sure. It's okay, it might be time to ditch the British and work on your like, see if he can accent or something.

Or dodge. Or just English. I think I've had enough time with that. The, you know, the Dutch accent is one that I've always struggled to figure out, because I just feel like it's not as like exaggerated in any one particular way as, you know, Italian or Spanish or British or Dutch is just like, I don't know, it's kind of weird. The word is on the street that if you if you ain't Dutch you ain't much

Oh, is that what they say? Yeah, that's what they say Wow, that's a new one for me Well, let's let's let's get back to some of the the money talks here my one of my favorite AC DC singles um, and uh, let's let's ask you about Amazon here, because a popular thing for someone like Bernie Sanders to say in their speeches when they're talking about the 1% and all that good stuff is how Amazon doesn't pay taxes. So for the listeners out there, if you could just give us a quick rundown

of why that is what it means and how we can be like Amazon so that we're not paying taxes. Well, I don't know. I think I might come at this from a little bit of an uneducated. I mean, like, taking it with a grain of salt, I'm sure there's a lot of people

that are not gonna like my response to this. I think I've probably, maybe on your podcast in the past, and the white noise podcast have been quoted saying that I don't. One, if it's a party thing, I'm not a fan of either party. I kind of, I lean a little bit right when it comes to fiscal policy, but left when it comes to actually being like a humanitarian or like, and that there's a lot of conflict there, right? Because I think Democrats overall kind of lean towards like helping out the lower class, middle class, you know, kind of fending for their rights, which I appreciate, but there's a point where it hits

fiscal policy and it just, some of it just doesn't quite make sense to me. And that's kind of maybe more of a personal thing than anything else. But when you look at Amazon or any big corporations, I get, I understand there's like an actual wealth that's just untapped, right? And there's cuts for a multitude of things. In many cases, you have your people that are volabious, you know, and I'm getting favorable deals

from certain bills and tax legislation. But I guess from a broad scale, or like just higher up, like 30,000 feet looking down. Yeah, they're not paying quote unquote their fair share. The hard part is who determines what's fair, right? If you look at Bill Gates and you look at how much he makes and how much you make, would you be able to say, hey, that's not fair, I should make as much as Bill Gates. I would argue, no, because Bill Gates is Bill Gates

and you're not Bill Gates, right? Because it's directly affected by, it could be a, you know, sweat equity or whatever, like he's built something that actually has way more value than anything that I've built today or probably ever. So there's that factor where it's like they've had more opportunity or they've made more out of their opportunity.

So there's one thing. The second thing is, and unfortunately this is the case, not every American will get the same opportunity to make something of themselves, the way that Bill Gates has, or they could be brilliant. But if they're stuck in a very unfortunate economic situation, they might not get those opportunities. That's the part that sucks.

That's the part that's, you know, it really makes you feel for those people and it would be nice if they got free education. And I think that's what a lot of the Democratic push, and I think Bernie's push to, and correct me if I'm Ron Quinn, is making one healthcare free or at least affordable for everyone and two, a racing student debt. It's hard for me to speak on all of that because I came from a very,

I would consider it a privileged upbringing, right? I paid for my school, but that being said, I wasn't like I was hurting for money either. So, I mean, I say that loosely. School is not cheap, but you can make it work. Someone who doesn't have the same situation as me, it would be harder for them to make that work. So, but I think the thing that I always come back to

is you have to invest in yourself. If I take out a loan, it's kind of investment in yourself. So if you think you're worth it, it's worth taking out that investment, right? And granted, there's cases where it's just, I get it. That sounds pretty heartless. Shout out to Kanye. But there's so many things, right? There's a side that's like that there's a fiscal side that's like it just doesn't make sense if we keep printing money and paying off people's

you know debt or loans and inflation's gonna just kind of run ramp it and I would argue probably ruin our economy or at least send it down that path. So then you get to the big companies, right, which is your main question, which is the only part that you probably cared about in this rant. But I would argue that some of those expenses are spent with research and development, which I think is good, right? Amazon, reinvesting in cloud computing, well essentially helps out the government, which is kind of nice because the government's not paying other people more money and Increasing our taxes to pay for that. So giving them a tax break

Ultimately helps us out a little bit, I would argue. But there's some things that they get away with, but they're big enough to wear. They're helping employ a lot of Americans, and you'd hope that there, I mean, even if Jeff Bezos is lining his pockets with money, he's not just sitting on the money either. There's a lot of that that goes to like I said, research and development or space exploration. There's stuff that they do that is beneficial to the American economy as a whole. The hard part is one, justifying that for the normal American person. And sometimes it's hard for us to, like, okay, great space exploration is cool,

but what about people that are homeless or hungry? So, there's not really a hard and fast rule. I'm not saying it's good, I'm not saying it's bad. It's just kind of it is what it is. And I don't know at what point we have the right to say, hey, Jeff, that money should be mine and not yours, you know what I mean. The what's fair, quote unquote fair, that's the hard part to kind of pinpoint or nail down I would say. I'm glad you got us to this topic of money because my next

question is directly about money and And my question is as follows, and I'm now going to ask you my question. If you, if we got, so there's been a lot of talk in this country about getting rid of Andrew Jackson, taking him off the $20 bill and replacing it with someone else. So let me pose the question to you. If you were going to take Andrew Jackson off the $20 bill and you had to replace it with a former

Chicago Bears starting quarterback, who would you pick? Well, I probably wouldn't pick anybody. I was just saying, put a picture on Eagle and let it fly. I'd appreciate it if you respected the question. Do I have to pick a quarterback? Mm, absolutely. Oh, just because I think I'd be humorous,

I think Jay Cutler, that would be, I would like that a little bit, although that's probably the, it's worth more than his face, the currency. So I don't know. It's true. That's true. You ever can,

who's he dating? Is he dating someone who's actually, or married to someone who's, well, they have, they have, he's on some sort of reality show. I don't know what it is though. I don't get cable, which is, he pretty much treated like his time on the Bears as a reality show.

Maybe it's like Kelly Ripa or something. He's not. No, it's not Kelly Ripa. Maybe like a younger version of Kelly Ripa. So I'll answer that question by asking you this. Who just in general, we won't ice the ice like this to the bears. Who would you put on the, on the currency? Definitely McMahon. Go back to the 85 bears. Guy was a badass. He just sit there on the sideline, smoking, and got his sunglasses and the, and I was like, I was like, I was like, I was like,

I was like, I was like, I was like, I was like, I was like, I was like, I was like, I was like,

I was like, I was like, I was like, I was like, I was like, I was like, I was like, I was like,

I was like, I was like, I was like, I was like, I was like, I client like 90 I cannot I cannot disclose Well, but older yeah, but I think he even was invited to his wedding Damn here's a here's a here's a pretty cool here. Here's a fun one I am willing to disclose because you know, we already broke FCC regulations on this show So I'm just going all the way we My cousin got married in Chicago last May and his reception, not a rehearsal dinner, but there was a family get together the night before. And it was hosted by a one gym at Miller,

which is the name of the Chicago Bears quarterback from, I don't't know probably like 2002 to 2005 or something like that. And we were all really excited going into it because you know Chicago apartment, Jim Miller, not a common name, right? I don't just can't be more than one or two Jim Miller's, you know, in the north side of Chicago. But unfortunately it was not. north side of Chicago. But unfortunately it was not. It was a second. It was the second Jim Miller, which I think could be the title of an Oscar-winning documentary or something. Oh, that would be pretty good. We're going to have lots and lots of time to get to documentaries here because I've got

some questions for you about that. But one more question that I want to ask you before, we get to not a break here about to read some ads. Shell companies, lots of talk about shell companies, especially if we're bringing up Mitt Romney. Do you have to be an S. Cargo fan to get involved, if not, what are your options? I don't think you have to be a fan of S. Cargo. It probably helps.

Here's a throwback to Enron, to those good old days, when shell companies were, I'm not going to say they're up and coming, but they were definitely at their peak of shadiness. But yeah, shell companies are basically companies that don't necessarily exist on paper, but not physically. Just kind of like your money now. It's just once and zero's in a computer with no tangible assets.

So yeah, exciting stuff. But maybe if you're the caviar-loving escargot person, you might find a little bit more appreciation for him. I'm thinking you could get an all, um, at what's the, what's your job title? Audit. And all I do not know what I do. An audit. I was trying to come up with it. Um, you could get an all audit team members, whatever you refer yourself as like target or something. Band and call yourself the tangible assets.

I think there's potential there. Dude, you don't even know. I'm going to give you a little, you guys, an inside scoop. Accountants are not funny. Don't tell any of my coworkers I said this, but we're just not really that funny. The longer that you work with numbers or in finance, not any shame to those of you who are.

But as time goes on, you find yourself laughing at things that are just more and more separated from reality. The way that certain numbers are make you laugh, like, oh, that's funny. They did this and it's not right. Things like that. That just makes you further understand, like, oh, wow, I'm really getting deeper in this whole of like being nerdy and geeky. But at trainings, which you have to go to every year,

I have to get so many credits in for like trainings over, it's not necessarily new regulations, although there's some of that in there too. Tax people probably have to go through a lot more of that than I do. But it's basically training for your level, right? So if you want to learn about like certain debt modification stuff or things really into like group audits, for your level, right? So if you want to learn about like certain debt modification stuff

or things really into like group audits, so multiple companies, you'll take courses. But normally they'll have like quizzes, tests, and it's like table by table, and you have to come up with a table name because they try to keep it fun. And it's normally like a LIFO, which again, a lot of listeners might not care about, but it's a way of, it's basically a type of inventory relief. So LIFO, the party, it would be one team name or asset kickers will be another name. It's really crappy. We come up with really, you know, terrible team names and we think that they're funny but they're really not. So I think people have taken your suggestion. I'm sure somebody's used it at one point. Well all I'm saying is if Blagović can have a prison band then you can have a auditor band. Yeah that's probably true.

I tell you what, his hair got so white. I don't remember it ever like in that mid phase. Well, you know, they talk about how you become president and it ages you like crazy, but they never talk about going to prison and how much that ages you. It's the real deal. I think that'd be really stressful. I would just go a bit imagine. Yikes.

No one wants to see that. That's very true. Have you seen these bald checks or hair checks that have been going around? You're talking about the $1,200 check that they're sending to everyone or something different. So this is kind of, I don't keep up with TikTok at all. I think it's kind of, it's a damn shame that kids these days are into it.

That right there also tells you that I'm just an old nerdy person at heart. But one of the things that's been going around, I think, is called a hair check, which basically you take your hand, put it over your forehead, and keep going back until you can see your hair to see what you look like bald. And you start realizing how far back your hair actually recesses. Because your bangs are like, cover up quite a bit of your forehead and then

when you pull it back you realize how bad you look bald. I would look really shitty. I'm going to be honest with you. My head is not shaped for baldness. It's very pointy. I've heard that sentiment before out of your mouth. I think you could rock it. I feel like, and I only say this because recently you've posted videos of you and various stages of undressed, um, and with like a hair band kind of pulling your hair back a bit. Your head is round enough that I think you look okay bald actually. A little bit of facial hair, bald on top.

Oh, I mean, I've been, I've been through that. You've been bald a lot. Many times. I mean, starting all the way back in, you know, high school swimming, which Shaker has actually very true. I think I have a, I remember, I think there's a picture of you in, you and Jack pretty much right after you guys, you know, shaved your whole bodies and just completely bald. Well, and that's kind of an easy one to remember, but there are lots of times in the past seven or eight years

here where I guess you wouldn't consider it bald, but I've cut my hair without any trimming cover. That's not what it's called, but you just take the straight, straight trimmer to it. So it's a look I haven't gone with in a couple of probably like two years at this point, but no, it's certainly there are tons and tons of pictures out there. They exist. They're not that hard to find. So yeah, I think we'll you join with me until the end of quarantine.

I'm just I'm not going to cut my hair. I I'm way ahead of you. Okay. I have right, like maybe the week before it started, I got a haircut and I have shaved off all facial hair. And I've decided that I'm going to carry it on throughout the full length of the quote unquote quarantine. It's like you're playing for the Stanley Cup. Yeah.

Well, I tell you what, I think I last shaved or not shaved, but trimmed the sides and the back of my head probably sometime in February. But I've been letting the top grow for many, many months now. And it's gotten to the point where it's not quite all the way there yet, but for the most part, I can bring it back into a, you don't call it a bun, but just like tie it up,

up top, I can pull that off. But the one other thing I'll mention before I let you take it back, I am shaving the back of my neck just because then you just look like a werewolf and I hate it. And I'm also trimming my neck beard pretty consistently, like once every four or five days or so, because that's just not worth it to me. Like, it gets so...

Nobody likes neck beard. Nobody likes it. It gets very scratchy. It also, if you're listening, you've never really had a neck beard before, but it will get like caught in your shirt and stuff. And it's very, very painful. Like, you just have to move your head real quick.

It's very uncomfortable. So, yes, with those parameters, I'm with you 100% of the way. And I haven't shaved or touched anything other than my neckbeard in the past two weeks. OK. One thing I was going to ask ask, now you normally keep a pretty well-capped head of hair. Who does your hair?

Oh, I'm glad you mentioned it, because we're just about ready to read some ads here. Do you like that segue? It's all me, it's all cuts by Q, yeah. And if you ever in the market for a post-quarantine haircut, then I got an extension cord that's almost long enough to get out to Brockton. I tell you what, that it's like 10 feet or something.

Oh yeah, it's good. I'll jump rope with it sometimes. Double Dutch. Do you do facial hair as well, or do you just do head hair? Oh, I might. It's kind of turning into a little bit of like, swiny Todd right there, but maybe. They're not the hard pass.

I've never seen it. Don't tell me how it ends. Well, let's read some ads here and give me a chance to take a break and sip on some SLS cutting orange juice or something if he's got it. I wish. Whisking Coke, man.

I'd encourage you, oh, we'll talk about that too. I encourage you to stick around for the second half because we're going to be talking about something related to Central Christian, which is in turn related to SLS coating orange juice. We're going to be talking about Scott Farrell a little bit in the second half of today's program. We'll be talking about Matthew's quarantine habits, including whiskey coke and sort of how they compare to mine, how they're different, how they're similar, all the stuff going on there. And maybe we'll have a bonus

Taxes or finances related question or two But I'll give them Matthew a quick break. I'm gonna read some ads here. I'll keep it pretty short I promise and I'm Matthew if hey if you want to sing the cut-spot cue jingle with us at the end Just you know help yourself jump jump on it if you love it. I love it. All right. I'll meet you there in about 90 seconds here I would love it. I would love it. All right, I'll meet you there in about 90 seconds here. Home Pride Oregon. Are you tired of selling your house for less than a quarter

of what it's worth all because you can find a reliable home inspector in time? Well, Oregon listeners, there's good news. Home Pride inspection services in Bend, Oregon is central Oregon's hottest new home inspection provider with inspection services, including things like heating, cooling, roofing, plumbing, and so much more.

What happened to my hat here? Oh, I got it. Home pride Oregon is both contractors certified and home inspection certified, so you know you're getting the good stuff. If you're tied a big real estate's angle, hold on the home inspection market, and you want a safe certified home inspector that you can trust, you got to call Steve at 541-410-0316 or you could visit HomePrideOrgan.com. Again, that's 541-410-0316 or visit HomePrideOrgan.com. HomePrideOrgan Inspection. Perfection. Shala to the Samsung Q2U series. It's got a crisp, clean audio quality.

It can handle all the hits whether you're reading from Genesis, Exodus, Leviticus, Numbers, Deuteronomy, anything in the Pentecost which is relevant to the Bean Tom podcast because that was our number one horse name of 2019. Last year in our top 10 countdown. We will, in case you're wondering, we will certainly have a top 10 horse names podcast for 2020 now everything's up in the air because of Corona and the Derby has been,

I think just like postponed indefinitely, although I haven't seen the latest press release on it and I assume same goes for pre-knes and Balmont. We will have that special for you. I know people look forward to it every year. I don't know when it's gonna be yet but I promise that is forthcoming. But the Samson Q2U series just remember when God speaks, he uses a Samson. And our last ad read here, cuts by Q. Bob and we, we all know the hairstyle and we all love it. But how many Chicago based independent barbers can actually give it to you the way you Enter cuts.

Every time, man. Enter cuts by Q. It's like Enter Sandman, just a little different. Cuts by Q has been independently owned and operated in 1995. And it's probably one of the better barbershop operations serving Chicago, Cook County, the greater Chicago land area, including Northwest Indiana. From beehives to bangs, fohocks to flat tops and everything in between, you got to call cuts by Q8152987200 or you can email cutsbyqatyahoo.com. sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry.

I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry.

I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry.

I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. Oh, and you need a fresh do something snappy I knew to call the exxonixter at cut by Q I didn't really hang out out with you towards the end That was worse than the bean town concert series Oh man throwback

That's one of those episodes I refuse to listen to. Yeah, maybe if you gave me some song selections, well, maybe six months in advance. You had all day to learn them. Yeah, I'm a slow learner. So the primary reason I don't listen to either the concert series or I really don't listen much to the episode we did immediately following that.

Which that episode has some good comedy in it, but it just reminds me of how miserable I was that whole experience because I was coming down with a real bad cold and it was just it wasn't fun. So that's why it was. We also mixed some whiskey and coffee and the proportions were not great. It was pretty bad. It was pretty bad. And they got cold, but we still drank it.

Not good. It reminded me, this isn't something I think about very often, but when I was a freshman in college, back in these days, you went to college. You had in-person classes. It's a different than what you'll find today. Stone Age. But I came home I think for holiday break, Christmas break, which if you go to the Paul's about six weeks long, and my first year, my first year only of college, I went

back to my parents' house in Cherry Valley. I think they're last year living there and was just there for six weeks. I wasn't working. I don't really remember what I did all day, but I was just there. And I noticed in one of the kitchen cabinets that my parents had this bottle of vodka. And I don't recall the brand, but it was like a classic brand that we used to,

very cheap, that we used to buy all the time in college that had lots and lots of fun flavors. Man, I don't remember what the brand is, but. Start with an S. I don't know, man. If I was a K. It's not school. If I, or Stetka, whatever it is,

school is something different, I think. But, you know, they, for example, my friend, John Paul, who was just on the podcast a couple of months ago, I don't remember how recently. Paul Bindowski. He got that right. He, in one of his college apartments, always had this bottle of marshmallow flavored vodka, which is real bad

But to actually get to the point of this story my parents had a bottle of vodka that was cinnamon roll Flavored vodka, which like if you're going for Cinnamon roll flavored liquor. I would think you'd want to try a whiskey Cinnamon Roll Flavor liquor. I would think you'd want to try a whiskey bourbon, you know scotch, something like that. Certainly not like a fireball type. Yeah, not a vodka. So I remember just like seeing it in the kitchen cabinet and I hadn't started drinking it. In fact, I don't know if I'd like ever had any alcohol in my life up to that point. And so I was just like, hey mom and and Dad, like, what's this? You guys drink in like cinnamon roll vodka now because my parents not only did they not really drink

when I was growing up, but they certainly never had liquor. It was either the occasional beer but mostly wine. So I was just feeling very surprised that this was there. So I was like, Hey, what's going on? I saw it was mostly empty and they're like, this is the most disgusting thing of all time. If you want it, maybe put something like hot chocolate or something. Now that I think back on it, I don't know, like, if they thought it was so disgusting, why there is only, I mean, there's literally like a shot left in this big bottle. So I don't really know what they were doing. But, so I, you know,

was feeling experimental and I was home and I think it was just me and my parents. So I made myself some hot chocolate, poured the rest of the cinnamon roll vodka in there and went down to the basement to, you know, play America's Army or something like that. And, yeah, it was really bad, very reminiscent of what you just described having in your basement. Something about like coffee or hot chocolate cocktails and the basement. It's just a bad idea. There's a good way to do it, right?

There's, I've had drinks where it's, you know, the Irish coffee type situation, and it's good. But sometimes it's just not good. And those times are not good at all. It's just not worth finishing your drink. Yep, yep, I agree. Well, we're going to pick it up right there. Welcome to the second half of today's bean- Podcast. And we're joined by taxes, specialists, and all things, finances, et cetera.

Matthew Feetler, who is so graciously joining us in one of our top supporters year in and year out. We're going to have this, the second half is really going to be a hodgepodge of questions. And we do have one finance is related question I promise, but we've got a number of other things that I want to get Matthew's insight on. Starting with quarantine, and you mention your sipping on,

or we're sipping on a whiskey coke, as listeners of this podcast maybe know, I haven't had a drink yet this year. I also haven't had a pizza, but I haven't had a drink yet this year. I also haven't had a pizza, but I haven't had a drink yet this year. And I haven't found that kind of routine to be challenged under quarantine. It really hasn't been a consideration for me,

despite the fact that I have whiskey in my apartment, I have gin in my apartment, I have wine in my apartment. But Matt, I wanna throw this over to you. You can talk about alcohol if you want, but just kind of more in general. How have your habits been eating, drinking, exercising, whatever, under quarantine? How are things going for you?

Well, I'm gonna answer with probably kind of a depressing answer. So I apologize in advance. Nothing's really changed all that much. My typical day involves me kind of getting up, getting ready, and then going to a client, and then coming back at like six o'clock, and then working until probably like 11, 30 or 12 and then going to bed and then doing it again. As far as like meals go, that's probably changed the most.

Typically, I don't have a breakfast or a lunch. I'll just have like a big dinner. But during quarantine, I've developed the urge to snack, which I think will probably contribute to my Corona 15 or 20 pound gain. That has yet to be sane, but I am gaining all the weight in my midsection in the belly region. So, it's not going straight to my ass,

but I will look kind of strange in my work shirts when the time comes. So that has changed. One thing that I, I feel like I do work more though. It's a lot easier to just typically, you know, your day is kind of broken up by like driving to the client, driving back home. And now it's pretty much those are great times to book in additional hours. But that being said, it's easier to get distracted at home too. But for the most part, put in headphones and just keep working.

So that's pretty much rid of my life for the, I would say at least during like busy season times, which is like January through April. So what do you've been snacking on? Shout out to my girlfriend and my girlfriend's mom. I, today I was snacking on some spicy handcrafted Indian popcorn, which is just, it's phenomenal.

I, I'll have to see if I can snag you back, but it's really good. There's a bunch of different seasonings in it, and I think there's this flat bread type thing called poppod. I don't know if that's accurate or if I'm butchering it. I know I probably am, but it's really good. It's a little spicy. I've developed a kn act for spicy snacks. Spicy Cheetos also is good, but it's only good later in the day when you don't have to type, otherwise your fingers,

it's not a good mixture of eating and working, you know. I feel you there. Is it spicy enough to the point where you're needing to blow your nose, or does it not quite reach that level? Well, keep in mind that I am a very pale white male. And so, yes, I guess that's kind of my, the short answer is yes, I will blow my nose. The popcorn isn't too bad, like it's not. Like, oh, I need water water type spicy but also I remember thinking that when I started like eating spicy food so I think you can build up a tolerance to where it's not really that bad. I see I see very good well well

popcorn I think in the grand scheme of all the things you could be snacking on it's actually not not that bad. Another you Another thing that if you're gonna snack, it's not the worst thing in the world to snack a ton on this, although you don't wanna overdo it as nuts. And I only bring that up for a segue into our next conversation in which I say, speaking of nuts, Scott Farrell. So that brings us to Scott Farrell,

if you followed what I did there. It's a classic, you know, age-old interview trick. So Scott Farrell's book, Scott Farrell's biography, or Triumph Tears and Tales of the Stage written by Scott Farrell. I don't really have any questions here, so feel free to jump in whenever you want me at, but I just wanted to provide an update, both for you and for all the listeners. So we mentioned at the outset of this year

what was going on with this project that we were doing in audiobook, and I'm gonna be honest, without this quarantine, there's a good chance that I wasn't going to get through this whole thing in 2020 because it's really a pain in the ass. It's really poorly written. It's really written everywhere.

I feel like it's fun for no one. But I'm doing it regardless out of not spite, but just a separate reason altogether. This quarantine has been the best thing that could have happened to me in terms of finishing this project. I am looking at it right now. Now, I can't tell you straight up how many pages I have left because as you may recall after page 148, the page numbers disappear. They're just gone. We didn't have the budget for them.

So, but I'm looking at... I think Scott was making on the fact that you get so engrossed in his story that you just kind of forget the need for page number. You'd say read it all in one night kind of book. Maybe it was an artistic take on basically time in it of itself right. I don't know about that. I feel like this book is dragging on for years speaking candidly. I'm looking at it right now. I would reckon I'm probably between 75 to 80% of the way through it. But it's- Should you mention to the listeners,

so Quinn and I kind of made a pact early on. We kind of joked about buying it. We found out in Google Books, actually Quinn was the one that found it and said, hey, I mentioned in this book, or we were trying to figure out if he was, but it cut off. Like, you know how Google Books doesn't show you everything.

It's just like a few select pages. So we kind of joked about buying it. And then Quinn just one day texted me and said, Hey, I'm buying this for you. To which I responded fine, and I'll buy it for you too. So we each have a copy. But Quinn, by all means, but when you're down with it, feel free. You can burn it or destroy it and just for fun.

I'm okay with that. I wouldn't be offended. Well, that's very kind of you to say. It's really been an interesting experience and I will have a full, you know, when we get to this show after I finish this audiobook, not only will I, you know, when we get to this show after I finish this audiobook, not only will I, you know, talk about it in depth, but I also have already, I've been keeping track

in my phone using my notes app. A lot of things that I want to say in my actual critical review, which I'll write and publish. But the book has been interesting. There are a number of people in this book, myself included. But there are a number of other people who are not all close friends of mine, but people I know

that he mentions and he talks about. So it's interesting to kind of see what his interactions with them were people like Jared, my childhood best friend, or Jan, who is the music director at Central Christian Church that Matthew and I both attended, or a man named John Reese, who I worked at came art with, which is also the name of the son and terminator, I believe,

and then a guy named Jim Brecklin, who's the bassist for the Rockford Symphony Orchestra, so he has interactions with all of these people that I know slash for the most part used to know. So that part of it has been interesting. One other thing I want to say, and I've actually been debating whether or not I wanted to say this or not, but I think I'm to say, and I've actually been debating whether or not I wanted to say this or not,

but I think I'm going to, but I'm not going to provide any leads or tips because it's for your own good. So if you haven't read the book yet, which maybe you have, definitely you haven't. Scott's career is based in opera productions and I don't really know where he gets his money still after reading 80% of the book. I'm unclear on those details but Scott also begins to dabble towards the end of this book in porn, homosexual porn and came in. Were you creating it?

Creating porn. Wow. I guess this is new for you. Yeah, I didn't make it that far. Wow, spoilers. I'm going to do my best. I'm going to try to say what I want to say and keep it SFW here.

But so Scott is into porn towards the end of the book. Creating porn, he comes from his house, uses his grandmother's computer. If you're intrigued, just wait till you read the critical review that I'm publishing. But the really interesting thing is that Scott is currently the music director at a Methodist Church in Cherry Valley, my hometown, where he works on Sundays, presumably. And the rest of the time, he is a porn actor.

And I have had the unfortunate, and this was just me digging way too deep into the research but I have unfortunately stumbled upon his Twitter which is not under the name Scott Farrell if you if you go looking for... So, how did you find it? Really deep, dark depths of the internet and incognito browser searches. And I mentioned I didn't want to leave Tracer tidbits because you don't want to go on this journey that I went on. I promise. And for anyone listening out there, I promise you don't want to go on this journey that I did in the name of

curiosity and research. For all of us, he went there so we didn't have to. Yes. Two things that I've learned, and that's all, that's all I'll say about it for now, because I think you have a good sense of what I've been through in the past two weeks. I don't think, God. Yeah. Two things. One, I had no idea, because I've never tried to use Twitter for this and never want to. I had no idea there are no restrictions of any kind of posting just straight up pornographic

content on Twitter. Like I assumed there were, because I think Facebook has stuff against that, but Twitter, absolutely not. There are, you know, now there are things surrounding it where it's like, okay, you can't do this, or you can't do that, but just, if you just want to straight up post you

and another man engaging in sex, then yeah, no one cares. So that gives you a little taste of some of the things I discovered on his Twitter page. The other thing, and this is not as exciting for people listening, it just kind of makes me feel extremely icky. But I live very close to a couple of different sort of gay, important gay culture places in Chicago. One is the Leather Archives and Museums, which is a block and a half for me. Another couple places, a block to two blocks away from me. One is Jack Hammer Bar, and the other is the Tuchet Bar,

which I right next to each other. And the only reason I set the scene for this is I found one of Scott's videos. And in the lead up to all of the fun action, like any great low budget pornographic film, there's a little bit of acting going on. And lo and behold, the shot of Scott meeting this other man on the street is literally taken a block west of my apartment

on the street. And if that's not the ickyest thing you've ever heard, then I don't know what you've been listening to, but it made me feel- So basically, you're neck of the woods is great, a great location for evidently low budget movies. It's just, yeah, it's, so I would encourage you to not, and this is why I was debating whether or not I wanted to bring it up, because I wasn't sure if it actually brought value

to, to this show, but I would encourage you to not go hunting, go searching for anything related to this conversation because you're only gonna find pain and despair. And I have gone through all of this already and I would encourage you to just stay away. Stick to the audio book, which is very much NSFW and its own right, and for reasons you'll learn when I get to my review. But stick to that.

Are you doing OK? Everything's fine. You just got to know when to walk away, when to stop. You don't want to hold them. Yeah, the resting piece. So that's a very long-winded kind of dive into that. And hopefully it's the last time I'll ever get into that. But yeah, I've seen a couple things.

I've probably now raising a very large like FU Quinn because now we know that there's things that we shouldn't be looking at. But we wouldn't have known that unless you said something. Well, look, it's one thing to be curious and not know what's behind the curtain. It's another thing to be semi-curious, but hopefully not too curious and know exactly what's behind the curtain and still say, oh yeah, I want to see that. Yep, and I get it, not everyone. People approach Christianity, or I guess if he's Methodist,

they approach religion different, you know, and I'm not going to be one to judge or anything. But I guess my question is, that's quite a deviation from, I guess, your typical, is it, is you like a worship leader? Yeah, he's the, according to the Cherry Valley UMC website, he is a music director. Yeah, I would think that that's probably not, they wouldn't be a big fan of that, but I mean, then again, I guess they probably don't know, and he keeps those two portions

of his life very separate. Well, this is something I've thought about a little bit too. In the way I would feel, I think if I was, you know, a member of that congregation is, I wouldn't take any offense in any way if Scott was simply a member of the congregation because I think that should be open to anyone. Where are these leading people?

I guess that's the reason. The reason why I take it an issue is that he's leading people, he's a paid employee of the church in a way they're directly supporting this other lifestyle of his because based off of the footage I saw in my deep dark internet search, I can't imagine that he's making much money off of this other adventure. So that's really where it kind of bugs me a little bit more. And unfortunately I had another thought that I wanted to share, but it has since escaped my mind. But yeah, it's just, it's a, I don't know,

it's really interesting. What you can, if you, I don't think this is on his YouTube page, but it was bringing it back to the music, which is where this all began and was all started. My only actual relationship with him was because of music. There is a clip of him singing the national anthem at a certain event, slash contest that he attended. and he just didn't even have a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a He went, he tried to go to N.I.U. for music. He failed out.

He doesn't have a college, doesn't have a bachelor's degree. He's really not a good singer and a very below-average piano player, which just makes it all the more astounding that he was able to sustain running this admittedly very low-quality opera company but for like 10 years he was running productions and shows and it's just amazing. Well, is it a type of situation where I mean like I think I can acknowledge it's not like I'm a great singer or musician but some people are better at critiquing than they aren't doing.

You know what I mean? Is he that type of person where he is actually pretty good at like, oh, this should be done this way or this way or like arranging or things like that? Or is the lack, I guess, of talent kind of throughout his musical? I think it comes down to this. I think as far as Rockford Illinois goes, his ability to critique and say, oh, this doesn't sound right or we need more of this is probably just fine. I think I am rightfully my perspective is skewed because I won Winter Music School but two, a lot of my friends are actual musicians we live in in a city like Chicago that has

I don't want to I don't know how to say this without defending rural or suburban people but like legitimate talent. I live in rocked and right, so hit me with it. We don't have too much for musical opportunities. I'm just like go out and see live shows and things like that. I'm just saying I'm not trying to say Chicago is better than Rockford, but if you took Scott's talents and abilities and he tried to operate in Chicago, it would just be like, this is a joke, which it is. That's a thing about bigger cities and why they end up being like, we're better than

you for the smaller ones. It's not that they're better. It's that there's so many people to choose from that the people with talent very quickly become noticeable on everybody else just kind of get separated from the pack. I feel like. Yeah, I mean, that's one thing to be like an average singer or an average composer, but I legitimately feel, and I know my perspective on this is skewed and biased and all the worst possible ways, but I legitimately feel as a musician or as a former musician that Scott is just really bad at this stuff.

So yeah, it's not like it doesn't make sense. Or he doesn't have training. He didn't go to school. He grew up and came through the East High School Music Department, which if you know anything about District 215 schools, is like probably about as bad as you're going to find for a city rock-bird size in the entire country.

So, yeah, it's, I don't know, it's going to be bittersweet finishing the audiobook, it's going to be very sweet, the fact that it's actually over, it's going to be a little bit bitter because it's actually taken up so much of my quarantine time. How close are you to being done? because it's actually taken up so much of my quarantine time. And it's- How close are you to being done? I got about 20% of the book left, which comes out to about 100 pages or so. So yeah, we're getting into the home stretch here.

And I don't want to spend too much more time talking about. You have any other thoughts on that before we transition to our penultimate topic? None, not really. All right. Yeah, none. Well, I wanted to hit you with one last, so we got, I got two more questions for you. I wanted to hit you with one last, finances related question.

It's actually real, it's actually legitimate, and I, this probably should have been what we let off with, because I think it might be the most important question I have for you, but You've talked about you know the S&P is super down if you throw some money and now you're gonna see a great-rated return if we return to Where were we at where we were at next year? this idea of Throwing in money is something I think about a lot because I actually have a decent amount of money to invest right now if I want to. But, and I'm not trying to, I don't think that I know what's best, I'm not trying to be like game master, knowing exactly when to throw money in, but I feel pretty confident that

the markets are going to continue to get a little bit worse before you really see them rebound. So my question to you is, should you feel like, oh yeah, right now, even if it goes down a little bit, yeah, I'm going to throw my money in now because it will work its way back up. Or should we continue to hold firm and wait a little bit longer at least. So I'll tell you what I do, and then I'll tell you what you probably should do, which unfortunately are probably two different approaches. I use Robinhood, which I guess for probably,

I would say a good chunk of your listeners has probably seen some type of advertising for it or something like that but the basis is it's a zero fee commission app so basically it is very simple to use. Basically their push was to make it easy for just the average person with a smartphone to trade in the stock market. There's so many different ways you could approach this, right? I don't have a whole lot of market models and analyze support lines or stress lines.

It's just more so just gut feeling and watching the market. The problem is if I were to stand back and look at the market, we we came off a pretty good stretch there for like the last maybe two, three days. Granted, when this comes out, it'll maybe, you know, a few days will have lapsed, but I would say like the 25th, 26th were pretty solid days. Today there was a little bit of a retraction or depression in the market.

That being said, things are still pretty cheap. One of the stocks that I've looked at is SPXL, which is the bowl for the S&P. And so in essence, whatever the S&P on average does, it does three times that. So if it does, if it goes down or decreases, 10 points, obviously, this stock goes down 30 points. So that can really kill you if it's going down, right? But if it's going up, it's awesome because you're gonna three times the return.

That being said, you can get kind of crafty with stop losses, which is where you set, basically, you can do this in, I think, Fidelity has them as well. If you use Fidelity as your broker because they have zero commission trades as well. But the way that works in Robinhood at least is you can set up a price that you want to sell at. So let's say I bought it, I bought it at $18 a share and it went up to $25 and it's going up.

And I wanted to lock in some of those gains, right? Because I think I don't think it's going to stay at 25. I think it's going to drop like a rock. I would probably set a sap loss at like 24 or 2450. So when it hits that point, it sells. And then I can buy back in after it goes lower. And that's kind of what I do in practice or I have done.

Now I would probably not advise doing that, especially if you don't actively watch the market or check it every day. Because it's an easy way to get burned too. It could drop below that price and sell and then immediately jump back up, right? So you've lost all your shares and you've lost that last drive upward. So it's you're trying to time the market when it's just you can't really do that. That being said, my stocks, I'll just kind of bring a personal example. So my stocks, I'll just kind of bring a personal example.

That happened to me where I had like 400 shares of this stock. And it sold off and immediately went back up like a dollar or two. And now I'm not investing all that money back into it. I'm slowly like every day, I buy like 10 shares or 15 shares and slowly get it back because my thought is it could go up, it could go down ultimately, I think in the next month or two, we haven't seen the last of the economic effect of the virus or people being out of work, right? So I think that we're probably in for a little bit of a rougher stretch of it. So what you can do in anticipation of that is just

buy a little bit each day. So on average your trending or your cost basis will be going down and it basically splits the difference between you and trying to just wait and time the market and buy it when it goes when it you know bottoms out and essentially just kind of blends that trend curve and your your cost basis will ultimately still be pretty low On average, but that's probably the one way that I would suggest doing it well very

wise words and I don't even have anything I want to add or follow up with because we got into territory where I just have no idea what's going on. So that's why you'll be both, man. Well, that's great that you said that after all that inspiring advice. We're, we're joined by, by tax expert and resident in house genius, Matt Thiefiedler. And we've got one last question for him and one that I've been holding off on for a long time. We've been looking forward to asking him about it for a long time. Oh, man. I know what this is going to be. I don't think you do.

I think I do. Wait, I don't, wait, because it's very, very random and has nothing to do with money. So I really, yeah, nope, no, I think I know what it is. All right, I feel like you're gonna say, oh yeah, that was it, no matter what I say, just because you're talking to a player. I'll tell you first.

Okay, what do you think it's gonna be? I think could just say, where the hell is the camera that you said you were gonna say? No, no, no, no. It's absolutely not that at all. It's a much more like lighthearted thing. I had considered asking about the camera. I didn't want to.

I called it out. We've got enough troubles going on right now. We'll table that for later, maybe next year. Here's what I really want to ask you about. What the hell is going on with this tiger king thing? Help us make some sense of it. Do what's happening. I'll tell you something.

So my head is pretty much in the sand when it comes to January, April. I really don't know what's going on in the world. The only reason why I know that there is a virus is because we were told to stay and work from home. As far as like what's happening in the news or things like that, I'm gonna be honest, it's very hard to keep track when you just kinda, you just work, I don't know. It doesn't, when I'm not, during the summer, when it's a little bit slower and you're just putting in like 40, 45 hours, a week,

ish, you can live a normal life. You can get on Facebook, Snapchat, all that stuff. Whereas now, it's like it just kind of doesn't happen. I don't know what the hell this tiger thing guy thing is. My sister sent me a picture, apparently, what was he in jail or something? I don't know. Weird hair. I don't. I've got very weird hair. But he has like a show. Well, I watched the first episode today. And frankly, I don't, after watching the first episode,

I'm not, because they're seven. I'm not like, oh, I got to watch this now. I'm only going to watch it, because everyone is talking about it, and I just want to feel part of something. Have we run out of things to watch during the quote unquote quarantine? This is not for... I don't know. Maybe it gets more wild after one episode, but basically this guy and what I was watching today was like all footage from 2015. So it's way behind the times.

But essentially he owns a private zoo. And he's got, yeah, really crazy hair. He's down in Oklahoma. And he's not maybe not currently, but like in 2019, which is the other like a year they were showing on this first episode. He is in prison. They don't really share exactly what he's in there for,

what happened, or whether or not he's out currently. But he had a TV show. That wasn't even a TV show, just like an online thing that he would broadcast to who everyone to watch it. So in a way, he has a TV show, but he's not really like a TV star by any stretch of the imagination. I don't know. I'm only going to do it because it's literally,

I've had multiple people text me about it, and I really don't know what to say. I quickly kind of looked it up here. One hair just grows man for doing that. The Tiger King Joe Exotic, Meldon Nato. Meldon Nato. They just call him Joe Exotic. Joe Exotic.

The star of the new hit Netflix series has filed jail house lawsuit against the feds and is asking President Trump to pardon his conviction for orchestrating a murder for higher plot on arrival and violating the Endangered Species Act. Wow. 94 million dollars fine from the US fish and wildlife service. It's a pretty hefty fine. Yeah, that is pretty.

Well, see if he's as lucky as Blagojevich. The polygamist issued a call for a pardon from Trump. Wow. Wow. I don't think he quite has the same political capital that that Blayow does. We might be tougher. The other issue is I feel like the people who would actually like appreciate this guy being pardoned are already in all of the red states.

So I'm not really sure whether or not Trump would actually do it. But I just, I made a question. I know people in like radio hosts and stuff that just like sat down and spent seven hours and watched it and I don't, man, I don't have the attention span for that, but I'll probably get through it in the next three or four days. It has 100% on Rotten Tomatoes. That's, well, I'll tell you this and I can't really explain it right now. I'd have to think about it for a little bit, but Rotten Tomatoes, like their score meter, is-

It's way out of whack. It's very understanding. I mean, not represent- it's not like 100% of people thought it was great, or like 79% of people thought it was great or like 79% of people thought it was great It's like 79% of people gave it a favorable review which is like a black and white thing or something so yeah, I've been like It was like a trivia night or something where I got burned on like this sort of Definition that goes into Ron tomatoes, but it's weird. I don't remember exactly how it works So I don't I don't really use Ron tomatoes but it's weird. I don't remember exactly how it works.

So I don't really use Ron Tomatoes at all for anything. I just read actual qualitative reviews because I think the numbers are just kind of silly. But my last question, I guess, before we wrap it up here because we're almost 90 minutes in, even I know you haven't seen the Tiger King, but have you been watching any movies or TV shows or anything because of quarantine or not really?

I have not. I'm going to be honest with you. This has been a good time to catch up on work. And that's pretty much all I've really been doing. Pretty sad, but. What about Jack's pizza? Surprisingly, you'd think that this would be the time when the ramen and the Jack's pizza are plentiful.

And that would have been the first thing I should have grabbed at the store. But I have not had a Jack's pizza in about two months. And the same is true for ramen. What? What are you been eating? Really turning a leaf. sandwiches, some mac and cheese I got. Grilled cheese is always good. Some pasta,

some more carbs and cheese. Pretty much, yeah. It's the new diet. So nothing is really changed. So rock, tin, diet is what I'm saying. Yeah. Yeah. It's like your less grease and sodium. You're you're almost behind the Cheddar curtain, which is appropriate, considering you live about a mile from Wisconsin. But yeah. Yeah. All right. Well,

I'll give you the floor for any final parting thoughts you might want to share with our gold member listeners who made it to minute 85 of this podcast. So take it away with anything you want to say. I would say that you should have some kind of hidden caveat here. So if someone listened to it and made it this long, they should, I don't know, give a shout out or hashtag something. So it sticks out that they actually made it this far

Hey, it's you kind of a secret club of Listeners, it's all you man if you got if you got a good idea for that right now here in the moment then please please speak up I don't know maybe hashtag free lion king. What is his name Tiger King? Free Tiger King. Excellent. Jolis Atec. I don't know. Whatever. Okay. Okay. Free hashtag. Use the hashtag free tiger king if you made it to minute 85 of the Binton podcast. Yeah, do that. Other than that, not really.

Say, say, wash your hands. One thing that I will say, it's a damn shame that we had to learn this way that most Americans aren't washing their hands. That's here is the crap out of me. I don't know why do people not wash their hands? Why now are you going to get pure hell? You should be this clean all the time. That's what I'm saying. But that's it. That's kind of all I have to say. Last thing, because I just popped up in my head, and it's something that I have thought about, and I don't feel like I know my own answer. The guy who bought up whatever was like 18,000 bottles

of Purell, and then marked him way up and sold him back, do you have an issue with that, or you say free reign, it's good to go. You see, that's kind of hard. Tell me about it. The capitalist market side would be like, yeah, that's how it goes. Supplying to man.

Same as true, there was a video somewhere that was shared like soon after the whole like toilet paper craze became a thing right. And it was a girl going to the store saying, you bought up all your all these diapers and now I can't put a diaper on my child all because of your middle class privilege. I understand like I get that at the same time you can't stop people from buying it, buying things, right? If they have the money they can buy it, they have the ability to, you can't. It's just one of those things where what are you going to pick and choose that people are allowed to buy at that point it's

not really a free market. In many cases we don't have a free market system in the US anyway. We kind of do, but there are some things that kind of mitigate that. At the end of the day, I would say supply and demand is a double-edged sword, but it ends up ultimately working even though some people suffer. The plus side is you don't need PURL to wash your hands.

You can wash your hands any number of ways. That just happens to be the most convenient. So in many cases, it's for a price, right? PURL is cheap and it's a very quick easy way to wash your hands. That's why people go and gravitate towards it. Soap, you can still buy soap, you can still buy any other, you know, antiseptic or cleaning products.

So I don't know. I'm probably not as harsh on that guy as I should be. I would just say if you're pissed off and you don't want to do it, don't buy it. A lot of people forget that. And I would say just to extend this rant just a little bit further a lot of people complain with how much like athletes make and like oh firemen don't make this much but athletes do you vote for people you fund them through where your attention goes so So if you still watch sports,

you're part of the reason why they get paid as much as they get paid. You know what I mean? They make that much for a reason. It's because of American people as a whole. So if you're disappointed in that, you should take a look in the mirror. That's what I would say.

Like a Michael Jackson song. Yeah. If firemen need to make more, and I think that they, I mean, hey, they risk their lives, and I don't, I don't in any capacity engage in as dangerous behaviors they do. Maybe we should make a TV show about it. I don't know. Matthew's putting out financial fires.

No, I don't know. I don't know about that. Fan on the flames over here, man. Well, there's a great, to finish us off here, in the vein of hand sanitizer, there's a memorable moment in Scott Farrell's biography or triumphed tears and tales of the stage by Scott Ferrell. Page number's not included in which he gets kicked out of according to him, Rockford's only gay bar, which I struggle to believe. But according to Scott, Rockford's only gay bar

and when he's getting kicked out, he whips out his hand sanitizer from his bag and symbolically wipes his hands clean of the bar as he's being forcefully escorted out. And it really just ties this whole podcast episode together very well, I think. I guess so. Well, that is all we have for you today. Reminder, use the hashtag free tiger king if you made it this far in our show. Thank you to Matt Feeler for jumping on our podcast for the third straight year for our taxes special.

We tried to keep it out of the weeds this year. We weren't asking about five, four, nine, eights and W-2s and you know boxers or briefs. We kept it a little bit higher level. So Matt, thanks for joining us today. Always a pleasure, Quinn, always. And that's what we got for you. So thanks for tuning in. And again, we'll be back with you next week. Likely, actually definitely still under quarantine.

So if you're going crazy, I got about 120 other bean town podcasts, episodes you can listen to. So just let me know if you're feeling bored. Any questions, comments, concerns, or Nigerian princes, email us at beantompodcasteahoo.com. Again, that's beantown, B-E-A-N-T in podcast at Yahoo.com. We'd love to hear from you. We're on Twitter at Bintowncast.

And you can follow myself on Instagram at Q.QueenD. You can also follow Matt Feeder on Instagram at, I don't know. Are you giving me space to speak? Yeah, we're Twitter or whatever social you want to play. Matthew underscore, feedler underscore. All right, and the best part, if you follow Matthew on Instagram, his Twitter automatically sends out a tweet that says, hey, whatever, or Twitter, I don't know.

Hey, whatever, thanks for following me. And I always like those automated messages. You want to know something? I have it. I logged into Twitter last week. I think I shared something of yours on Twitter. I saw that. I appreciate it.

That is maybe the only the 10th thing that I've ever actually posted on Twitter. The rest of us just automated. I don't know why, but it's like linked to my YouTube. So it like shares when it's right. That's what it is. Yeah, it's your YouTube. Yeah.

And then it shares whenever someone follows me. And then they think that I've actually set it. So I'd be like, yeah, no problem. Back off down. That's why you're so popular on Twitter. The fans can't get enough. OK, that's actually what we got. And I'm gonna end it now.

So thanks Matt, and he'll be back before too long. And that's what we had for you. So thanks for tuning in and stay safe, stay sane, and we'll check in on you next week. I'm just going to be a little bit more. I'm just going to be a little bit more. I'm just going to be a little bit more. nd nd you