Investor's Edge with Gary Kaltbaum - FROTH IS BACK [12.04.2025]

Episode Date: December 4, 2025

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Starting point is 00:00:26 That's Tommyjohn.com, Code Comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks of being with us today.
Starting point is 00:00:47 Glad you here, ladies and gentlemen. Happy that you are listening. It is Thursday, December 4th, 2020, Hope you're having a good day. I'm traveling tonight, heading up to the Northeast. It's my son's 30th birthday this coming weekend. We'll take them out to dinner and do a little celebration.
Starting point is 00:01:10 And also we'll be up there doing a little bit of studio work for Fox business. Looking forward to that. Hope you are watching. By the way, lots to talk about today. You know, I'm going to tell you that the industry. that the indices, you know the ones they're going to report on TV, the Dow, the S&P, the NASDAQ, NASDAQ 100, did not do much today. But a hell of a lot of jello moving on the plate, and we hope you are listening. No, really.
Starting point is 00:01:41 A lot of jello moving on the plate. And in case you don't know, this is serious talk on everything that affects you. We'll talk the markets, the economy, your job, your industry, everything emanating out of Washington, D.C. which is non-stop these days. And whatever else comes to mind that we think matters to you. And if you do not get this radio show in your city, and as you know, our fabulous Phoenix station was sold. So we're not on Phoenix anymore.
Starting point is 00:02:13 So you've got to listen to GaryK.com. I know many of you are. And we're working on another station. A Portland station shut down. KBNP. My good friend Keith, this is what happens in the media world. We keep on chugging along. So if you don't get this show in your city, we'll post it at garyk.com, also on our X feed.
Starting point is 00:02:38 And if you follow us on X, you should. If you don't, just put our name in. Also be on the YouTube channel of BizTV, other podcast apps. And if you'd like to email me, just be nice. as we said to yesterday. In one week we had somebody cursed me out. Well, it wasn't cursed me out, but was nasty,
Starting point is 00:03:00 saying, I'm too nice to Trump. And another one saying I'm too mean. Don't you love people that are just plain old in the tank and do not listen? Because as you know, we are balls and strikes here. We don't care. You know what we love about Trump? We tell you what we love about Trump.
Starting point is 00:03:18 You know what we don't love about Trump? We tell you that too. And by the way, we really love his golf courses. Top three I've ever played is Scotland Trump. Top three. I play Turnberry, but he bought that, but he built one in Northern Scotland. Anyway, that's another story.
Starting point is 00:03:38 And yesterday, we discussed yesterday how he said he's going to use tariffs and get rid of the income tax. And what did we tell you? Impossible! And I don't know why he even brings it up. I just don't understand. It's not going to happen. There's no chance.
Starting point is 00:03:55 You're not going to tax three trillion bucks out of the economy. No, you're not. I can tell you right now, already companies, Costco suing the administration for the tariffs if they lose in the Supreme Court. And I can go on and on. I just wish I had his ear. I can help him out big time. But of course, I don't have his ear.
Starting point is 00:04:21 and he probably, even if I told him, wouldn't give a crap, what I had to say. Anyway, for another day. And again, if you'd like to email me, just be nice, respectful. It shouldn't be hard, right? As long as you don't like Hamas, we're good. We're good. As long as you don't attack synagogues, we're good. As long as you're not racist, we're good.
Starting point is 00:04:51 We like nice people here. Anyway, we're going to do a lot of the markets today because a couple of things are going on that I need you to know about. One of the things that we warned about weeks and weeks ago woke up today. We're going to start with that. And I want to be careful with my words. And I want to also not mention a name because I feel responsible. I feel responsible. So, let's backtrack.
Starting point is 00:05:29 Weeks and weeks and weeks ago, we had warned you about a lot of no-sales companies. Companies with no sales. Let me repeat that. Companies with no sales. Let me repeat that one more time. Companies with no sales that trade in the market. Where one of them went to. a $25 billion market cap. So if you were buying the stock that day at the highs, which was, by the way,
Starting point is 00:06:04 on October 15th, you were paying $25 billion for a company with no sales in the nuclear industry. And people had no problem doing that. Why? Oh, the stock was moving. And all we did was warn you, as these things were moving up. It wasn't just this one. There are plenty of others, but this one was a poster child because 25 billion market cap, but we found a bunch of 15s and tens and five. Paying one billion for a no sales company is too much, let alone 25. So we warned you. And we have the canned language that we always use on this because it's all about
Starting point is 00:06:50 precedent the study of bull and bear markets. And what do we tell you? if nothing changes when all is said and done and the companies have no sales at the end of the road, they're all going to go back to where they came from. That's all we say. And they all crashed. We didn't know when they would crash. We didn't know which would crash most.
Starting point is 00:07:22 But they all crashed. And how do I define a crash? Well, this one with the $25 billion market cap went from $194 down to $79 in 1, 2, 3, 4, 5 weeks in change. And we warned you because it was getting crazy. And it was nuclear and quantum computers and rare earth materials and drones and robotaxis and space. and all that. And as we stated at the time, we don't know when.
Starting point is 00:08:05 We don't know if they're going to continue to go higher. We didn't make any predictions on when or at what point. And it just so happened in middle of October, they crashed. 50% is a crash, right? Well, we just want to let you know. After this crash, there is a good chance. decent chance that they put in a bottom today after crashing. Not a hundred percent sure, but I'm pretty good at telling when something is sold out and when buyers have the upper hand
Starting point is 00:08:51 and we're just letting you know all these areas. Quantum computing, nuclear, rare earth, drones, space, lit up like a pinball machine. And interesting enough, this one I just mentioned to you, was up 15%. This is the $25 billion name. And at the close today, $17 billion market cap. It closed at $1.11 and changed up $15 today. This is what we mean by waking up. And it wasn't just that in the group.
Starting point is 00:09:35 I'm going to, here's another one. Let's see. Here's one that went from 58 down to 22. Was up 15% today also. And I'm not given symbols. You go check it out. All you really got to do is go on in line and do the best percentage gainers today, and you'll see a whole host of these.
Starting point is 00:09:55 And then you had these rare earth and quantum. Here's a quantum name that was up 12.5%. went from 84 down to 40, was up 12.5% today. $21 billion market cap. How's that? Speaking of Rare Earth, they rallied today. Here's one with no sales. Was up 25%.
Starting point is 00:10:23 The stock went from 44 down to 12. Drifted a little higher in the recent days and was up 24% today to 1750. It's got a $1.4 billion market cap with no sales. Unfortunately, what happened today was what happened back then with the rare earth. The administration announced, we may be taking positions in these rare earth. And unfortunately, no sales. So I don't know if they continue higher. If it's a one day, one week, one month, whatever, all I can tell you is if nothing changes,
Starting point is 00:11:04 there will be that final eventuality, which doesn't look like it's here yet. We'll expound up next on this, the one-only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services,
Starting point is 00:11:52 including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-559. That's 888-4-22-5-5-9.
Starting point is 00:12:23 That's 888422-5-5-9. Investment Advisory Services offered through Colbomb Capital Management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there.
Starting point is 00:12:53 they're more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital1.com for details. This episode is brought to you by Sprecker. The platform responsible for a rapidly
Starting point is 00:13:40 spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. This sounds familiar. You're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker. Because if you're going
Starting point is 00:14:21 to talk to yourself for an hour, You might as well publish it. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum.
Starting point is 00:14:41 It doesn't get better than this. So, it all begs the question, do people ever learn the lessons that we teach here? After all, here's a stock that went from four. 24 down to about 12 has no sales, no nothing. And they bought it up today at a $1.4 billion market cap. Are lessons not learned? Well, I think what you have is a lot of traders involved, fast money retail investors,
Starting point is 00:15:35 and these things, they move so strong. Think about this. You could have bought one of these stocks yesterday. these stocks yesterday, be up 25% today. I think what people see is, wow, look at the moves they had in the past. If this thing can happen again, and they're right. Because if that happens again, here's another one, a quantum stock with very little sales, and a $10 billion market cap was up 14% today. It went from 47 down to 20, and rallied up 14 today. percent. So we're just reporting this to you.
Starting point is 00:16:21 We're not telling you what to do. We're not telling you to buy. We're not telling you to sell. We're not telling you to sell. We're not telling you to cover. But due to the fact, we have covered this. We felt it upon ourselves as responsible peeps to let you know that it looks like today, buyers finally got up the hand after they crumption.
Starting point is 00:16:46 after they crash these things out. But with the proviso, notice the big word, proviso, if nothing changes, and these companies still have no sales or very little sales and lose a ton of money, when the music stops and it looks like it may be starting again, they're all going back to where they came from. Just remember, they crashed, and the market hasn't even in the bare market. So if you play good luck, I hope they go to the moon. We only wish well here. We're not like others that, you know, there's some people in my industry that love making fun
Starting point is 00:17:37 of others look like they applaud when people lose money. Heck, I still remember in 99 they were making fun of Warren Buffett. I still remember that. now they're making fun of this guy the short seller Michael Burry they're making fun of them I got a rule don't make fun of billionaires they obviously did something right
Starting point is 00:18:07 anyway I thought an incumbent upon myself to let you know they woke up that froth today and just be careful and let me finish with a repeat I have no clue if it lasts a day week month year I have no clue whether they skyrocket again or croaked tomorrow we just felt it a coming apart ourselves since we have been reporting this to you all the way up and down we kept on it and just look like today and it was
Starting point is 00:18:37 early on they jumped on them early on and unfortunately again and we're not thrilled by this the administration may be taking a position in them and blah blah blah blah blah blah The problem is a lot of them have no freaking sales. And if you take a position of company with no sales, they're going to continue to have no sales. Okay, that's number one. Number two, the big banks. As we had told you yesterday, the big banks were breaking out. Well, I can tell you, you got a little bit more of that today.
Starting point is 00:19:23 JP Morgan even woke up and that's been lagging. But these are the big banks, Bank of New York Bank, America, City Group. Goldman Sachs, J.P. Morgan, Morgan Stanley, Wells Fargo. They're either at new highs or very close. I can promise you the market is not going to crash when you have these names at new highs or close. Just letting you know. We'll see if it continues. There's a thought process, well, the Fed's going to lower rates and now the quantitative tightening is going away, which means he's going to, who the hell knows what he's going to do? that may be at work. On top of that, the regional banks actually have a better bid now, and that's of the help. Let me continue with the positives.
Starting point is 00:20:13 The small caps, the Russell 2000 and the mid-cap 400, are near the hold highs again. A couple of Thursdays ago, they looked like the south end of a northbound jackass. And they just V-shaped up with a better market. If they break out to new highs, we will alert you. 2400 stocks as a whole. Let me continue with the positives. You know what kind of woke up today? And I didn't see any news.
Starting point is 00:20:50 The data storage, data center types, electronics types electronic contractor types the energy for the data center types the construction for the data center types they have been in corrective mode
Starting point is 00:21:21 for weeks and weeks and weeks and trading some of them very wide and very loose I mean, Sandysk went from 180 to 284 back to 180 in three weeks. Well, all of them have either got back above the 50-day moving average or held it on the way down. With some, I can tell you one name that I don't own, unfortunately, at a new high, which is L-I-T-E. That happened today, and I got news. That's good news.
Starting point is 00:22:00 We'll see if it continues. This includes, let's see, I want to be careful here. Things that are coming around again, like symbols, G-E-V, C-E-G. This is this energy power systems that's supposed to power the data centers and construction of them and all that crap. So that whole area had a very,
Starting point is 00:22:32 good day with the NASDAQ 100 down 25 and the Dow down 31. The NASDAQ ramped into the close up 50 by the end of the day. So you had good moves symbol CLS up 14, FN 24, LITE 24, Sandusk 18, App 21, BE 15. We'll see what happens tomorrow. next? What else? This is the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John.
Starting point is 00:23:59 Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details.
Starting point is 00:24:31 This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, your performance. probably already a podcaster. The good news is, Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen.
Starting point is 00:24:58 Apple Podcasts, Spotify, and about a dozen apps your cousins swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well it. Just let you know. Reporting the news.
Starting point is 00:26:16 They want a full refund should the Supreme Court rule the sweeping duties illegal. Can't blame them. Just remember, listen carefully. We pull no punches. The administration lied to all of you about who pays the tariffs. It's our companies. And if the Supreme Court says it's illegal, it looks like some companies are suing. And it's amazing how this is.
Starting point is 00:26:43 administration will lie and then say something that absolutely shows that they lied. Like when he says, well, we're going to use the tariffs and get rid of the income tax. So what he's saying is the tariffs are a tax. And how many times have they told us the tariffs aren't a tax? Besson was out yesterday saying the tariffs aren't a tax by any other name. and they wonder why they may lose next year's election. You know, I think the average person is just tired of the bull crap. They have four years of Joe Biden's lying every single day.
Starting point is 00:27:25 They don't want it anymore. If I had his ear, I would just say, listen, just tell the truth. It's okay. I don't know if the air in Washington, D.C. is just makes them all full of crap. I told yesterday a Speaker of House was asked about Trump's pardon of this ass clown from Honduras. I didn't read it. Up yours, you didn't read it. It's tiresome. And you know what? I'm getting a ton of emails from people that voted on the right that are pissed off.
Starting point is 00:28:11 The president said affordability problem is a hoax. You think that's going to win votes? In the news, Europe's green energy rush slash emissions, but is now crippling their economies. When you have a chance, go look at the numbers. And by the way, this is what I love about Trump. He is blowing off all the green crap. It's a scam. It's a hoax. It's all a money grab.
Starting point is 00:28:42 We're already going green. Businesses are going green. Corporations are going green. We're fighting pollution. We're doing everything right. Electric vehicle, this, whatever that. all the other talk about climate this all they want is money just hide your wallet when you see al gore and stuff we love that the administration's given them the middle finger see balls and
Starting point is 00:29:08 strikes anyway just reading about crippled industries in europe do you know that germany shut down their nuclear plants and the electric bills in Germany now have gone vertical. In the news, we talk micro strategy, you know the stock that has crashed while Bitcoin dropped. In case you don't know, they just raised $1.44 billion to weather the crypto downturn. Huh. But he talks such a good game. They raise $1.44 billion through a stock sale to ensure it can meet future dividends and debt interest payments. A stock sale to meet dividends and debt interest payments.
Starting point is 00:30:02 Ladies and gentlemen, that crap reminds me of a lot of $99,000. And in case you don't know, the stock's gone, is closed at 186. And that's off the lows, I believe, right? It just bounced from Actually, four days ago Hit 155, closed at 171. It's down from 457 in July
Starting point is 00:30:30 And the all-time high of 543. If I was the CEO of a stock that's gone from 543 And it's now 186, I'm not going on TV And acting like everything is just great. But he did. People are weird. Anyway, I don't think it's great news.
Starting point is 00:30:58 And by the way, they went and bought 130 Bitcoin in the past two weeks. They now have 650,000 Bitcoin valued roughly $56 billion. And by the way, the market cap of strategy now is below the Bitcoin they own. That's how much the market thinks of them and their leverage. I got news for you. They should be in prayer mode at this juncture because the last bare market in Bitcoin dropped at 75%, I believe. It was around 75. I don't think this company's last thing if that occurs, and I am not predicting that.
Starting point is 00:31:46 But you're welcome. Got a lot of emails from people. Saved you a lot of money. And by the way, that one was just asking. adding one plus one. Sometimes it's not hard to figure out things. Like when we told you, beyond meat would not last in the way, shape, or form they were when it first started out.
Starting point is 00:32:19 Nobody's eating plants. We're very few. Again, sometimes it's just one plus one equals two. I was asked to comment on all this going on with the Venezuela and the shooting of boats and stuff like that. You all know me, right? Right? You know, I basically have no love for either side. I call balls and strikes and I believe in fair play.
Starting point is 00:33:00 And I don't want to be lied to. You know my answer. I'm good with fighting drugs. but don't tell me you're the drug president when you pardon a guy that was convicted of trafficking 400 tons of cocaine and the rest you can read about it's not too hard to figure out when there's four different stories in two days it's not too hard to figure out and I'm rooting for them I was rooting for Biden but he was just the worst president ever which is a very tough bar to get over.
Starting point is 00:33:49 Boy, we dodge one with Kamala Harris, I can tell you that. As much as we are less than thrilled right now. And that's a little bit of today's news of the day. I was told that everybody's betting the cowboys tonight against the lions. Do you know what I think when everybody goes one way, right? Let's see what happens. That's off the beaten path. I've also been asked about the job market.
Starting point is 00:34:21 As you know, I have been highlighting ADP and paychecks in a brutal bare market for these payroll companies. The job market remains weak. Manufacturing shrinks, shrinking, layoffs are the highest since the pandemic. And I'm being asked, how do we have a GDP, which is going to come out soon, in the threes, when layoffs are a 1.1 million this year and the job market, it's not creating jobs right now. How can that be? The answer is consumer loves spending. But go look at the numbers on credit cards and buy now, pay later.
Starting point is 00:35:09 You know, wimpy from Popeye, I'll pay you Tuesday for a hamburger today. So we're watching that closely. We are really big believers if you have a lasting rough job market. Eventually it's got a hit. Eventually it's got a hit. Oh, and by the way, tariffs were cited as a driver of a lot of these cuts. Just remember what a tariff is. It is an expense to companies.
Starting point is 00:35:42 and companies are always going to act in their best interest, and if they're paying too much in expenses because of tariffs, taxes, they may lop off a few people. Up next, this that, and the other thing, and we'll think of something. I'm Gary. This is the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day.
Starting point is 00:36:33 There's zero-chafe thanks to four times more stress. than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One, travel credit for less than you expect.
Starting point is 00:37:07 Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker.
Starting point is 00:37:28 The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need. explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing.
Starting point is 00:37:59 Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.
Starting point is 00:38:25 Action! In the Gester's Edge. With Gary Culpa. Yo. On the good notes, And I like this. They're doing these Trump accounts. I don't like the taxpayer paying for a bunch of it.
Starting point is 00:38:57 I do love that Michael Dell is going to pony up $6 billion. 25 million U.S. kids are going to receive $250. It goes into a low-cost stock account. I think that's great. I think that's terrific. I hope there's more billionaires that pony up. As I think I said yesterday, if I was a billionaire, I'd put some money in. No, really. I think it's fantastic.
Starting point is 00:39:24 My grandson, Reese, I'm ponying up every year. It's gone right into a fund. I never did it. I'm an idiot. I look back, and you know, when I started in this business, I made some good cheese. Didn't save a freaking dime. Bought a Porsche 928, acted like Joe cool. By the way, it was a really cool car. And I spent away.
Starting point is 00:39:53 I did not realize the importance of the dollar. Start early. Talk to your kids. Talk to your teenagers. Talk to your children coming out of college. I guess they're not children anymore. And let them know the power of compounding. Go online.
Starting point is 00:40:22 put the numbers in if you took $100 a month if able and just direct it into a good growth account and just keep doing it $1,200 a year for 40 years
Starting point is 00:40:44 you have a crap load of money between dividends or what else and you can buy if the market's high and if the market takes a crap, you buy more when it's low. You know what I'm jealous of? I meet people all the time
Starting point is 00:41:10 that tell me things like I've owned Coca-Cola since 1986. I know people. If you look at Warren Buffett, why don't you read up about the dividends he is getting from his original buys of things like Coca-Cola and others. Unless we change from capitalism to Bernie Sandersism,
Starting point is 00:41:48 we will go through bull markets, bear markets, recessions, maybe big recessions, expansions, will have inflation, maybe some deflation. But if capitalism stays, you know what that does? capitalism is about the people striving to always do better companies striving to always do better produce more and then cheaper better bigger services and products so just letting you know is something I've been thinking about
Starting point is 00:42:25 because of these accounts do it yourself Do it yourself. I'm so pissed off at myself for not starting early. And I was making good cheese. I was thinking the other day, if I just bought the Fidelity Contra Fund, I think were the Fidelity Growth Fund in 1981.
Starting point is 00:42:50 I can't imagine what I had right now. And by the way, I was told to do it back then. I was told to put a little bit of money into one of these funds. Back when I was 21, and I laughed it off. I laughed it off. I don't need to do that.
Starting point is 00:43:20 I bought the Porsche 928 instead. By the way, white on white, and it was very fast. And then I ran out of money and had to sell it. Because I didn't prep. Everything I have learned, I've learned since.
Starting point is 00:43:41 I didn't learn anything in college about it. I played on the tennis team and I hung out on Clearwater Beach. That's another regret. If I had to do it all over again, I would have been a great student and gone to a real top school. Not to put down the school I went to, but you know what I mean by that. So just some food for thought on this day as I read about Trump accounts and Michael Dell. And if you're in your 30s or 40s, start now. And I also read, you know what I read also?
Starting point is 00:44:26 Instead of drinking any alcohol or beer, just put it into a growth account every month. Got that? Instead of smoking cigs, take that month, you get my point. Because you read up every now and then how much money is spent on these things. Though, by the way, we're the lowest ever alcohol consumption. And that's why the alcohol stocks are just getting destroyed. Just a little food for thought, my friends. Very important.
Starting point is 00:45:00 Start now. And also do the other education. Credit cards suck. They should only be used because of convenience and paid off every month. Because if not, they screw you. The credit cards are like the gambon, Beanos and the Gotties. Eh, 27, 28, 30%.
Starting point is 00:45:22 Minimum payment. Yeah, so you pay us into the year 20072 before you paid off. You got to learn this stuff. And by the way, it's not hard. You just got to take
Starting point is 00:45:38 your time, spend some time on it, and start prepping. And I bring that up because I did a little Fox radio yesterday and you know what I talked about? How many families living paycheck to paycheck because they never save? And I'm not talking about the people that really can't save. I'm talking about the ones that don't respect the dollar.
Starting point is 00:46:07 So wishing you all luck, speaking of luck, I'll be on a Delta flight tonight. You all have a great evening, drive carefully when you get home, do like we do quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You'll feel better. I promise they will. Be well.
Starting point is 00:46:22 Thanks for joining. Have a good night. Bye-bye. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now.
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