Ep. 123: Inside the Big Beautiful Bill - Tax Cuts, MAGA Accounts, and What It Means for Retirees
The X's and O's
Despite geopolitical tension, a trade war scare, and inflation noise, the market is holding steady—and the tax landscape just shifted big time. In this episode of Retirement Plan Playbook, Brent Pasqua, Matthew Theal, and Joshua Winterswyk unpack the surprising strength in markets, the economic signals investors should pay attention to, and how the newly passed "Big Beautiful Bill" could reshape retirement and tax planning.
Here’s what we cover:
Middle East conflict & World War III fears: What’s priced in and what’s not.
Tariffs fade, markets rebound: Why staying invested is paying off again.
Inflation cooling & rate cut signals: Are we heading for stability or slowdown?
The "Big Beautiful Bill": What’s in the tax extension and why it matters.
MAGA Accounts (yes, really): $1,000 for every newborn starting in 2025?
Social Security tax credit workaround: What retirees need to know.
IPO fever returns: AI, crypto, and fintech startups are fueling investor excitement.
Plus, the guys talk about family travel tips, educational vacations, and the value of showing kids real history vs. just poolside relaxation.
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Transcript
Disclaimer: This transcript was automatically generated. Please excuse any typos or transcription errors.
Welcome to the Retirement Plan Playbook hosted by Brent Pasqua, Matthew Theal, and Joshua Winterswyk of Evermont Wealth. This podcast dives deep into investment strategies, retirement planning, and current events, equipping you with the insights needed to craft a robust retirement playbook adaptable to any political or economic climate.
Join Brent, Matthew, and Joshua as they guide you through the complexities of retirement planning. Offering expert advice. to tackle challenges and the later stages of your journey. It's time to build your optimal retirement playbook. Now let's dive into today's episode.
Brent: Welcome into the Retirement Plan Playbook. How you doing, Matt?
Matthew: Good. Hey, Brent. We're here, Josh. We're doing good. Been a while since we've had a show. I'm really excited for today's show. We got a lot to discuss, but before we get into it, I think you've been on a trip.
You're traveling to dc Why don't you tell
Brent: the listeners about your trip? Yeah, so this was actually my first time to Washington, DC my wife and my kids have never been also, and. It was a breathtaking experience, I would say, to see our capital, the way that it's built, and the monuments the way that they are and all the history that's there.
I, I don't think I've ever been on a trip where I've been so taken back by so much history and so much that has happened in this country over the last 200 plus years. I didn't know what to expect going into it, and I thought of it more as a trip that was going to, you know, be very busy and no downtime, and that's what it was.
But it was for such a great reason, like I was able to see so many things that I've never seen before and learned so many things that I've never learned and things that we only see on TV and to be exposed to it. In real life was pretty incredible.
Matthew: So you have a 10-year-old and an 8-year-old, right? Yes.
No, 11 and nine. Oh, 11 and nine. Oh man. Come on, Matt. I'm sorry, Brent. So what was their favorite part? Like what made their jaw drop?
Brent: I think, you know, when you go into the Smithsonians and you go into the spy museum, like all of that stuff is very powerful. What's the spy museum?
It's about spies. And like the history of spies and like espionage. Yep. Esp cool. Like how spies would get around and it's interactive for the kids. Also in there was like how they did the Bin Laden raid. Mm-hmm. And so that was like, that's cool how Obama and Biden and what they were able and the information they knew.
And then also the, how that compound was actually laid out. And then based on the information that you had, would you have gone in or not gone in? And so they ask you questions along the way. So it's very interactive for kids. That's really cool. That's cool. But there's a lot of information on like, you know, what did a spy used to have?
Like how would they take pictures like with a little pin on their, on their tire? Yeah. You know, they have a lot of things that people used back in time and it was very informational also for the kids, but also interactive for them. And,
Joshua: and real. Not a movie. Very real. That's really cool. I felt I've never been, so I was really like, interested in your trip and hear hearing, I mean obviously you want, I wanna hear more of your stories from going, but just, you know, growing up and seeing what you saw on TV or in books or in movies always kind of fascinated me.
So it's really cool to hear you guys had such a great trip.
Matthew: Any quick tips or tricks for families who want to take a trip like this?
Brent: That's a good question. So what I did is I booked the white, you have to book the White House through your assemblymen, your local assembly person. You have to book it three months in advance. We did that and we also had to book our Capital Building tour. Prior, so we booked that also and we bought tickets to Smithsonians and a lot of the places that we learned that we wanted to go to, we booked some of those before.
So based on when I had some of those scheduled tickets, I put it through Grok and chat GPT to plan out my days so I can maximize it. So I'm not going like across town because DC is very vast. There's a lot of blocks and it, you know, something that. Is only a mile apart isn't gonna take you, you know, 15 minutes.
I mean, a mile's gonna take you with waiting at the lights, like you're gonna be waiting, it's gonna take you 30 plus minutes to get a mile. And so I wanted to try to stay in the same area. So, and different tours take different amounts of times. And the way it planned, it was like literally perfect. That's great.
Joshua: Do you think the amount of time you were there was good
Brent: enough? It was, I mean, there's still stuff that I would want to go back and do. Like I would love. To get into the Senate House and the house, the chamber house. Mm-hmm. Where they give like the state of the Union addresses. Yeah. You have to go get a separate ticket, which we didn't realize, and we could have done that, but it would've taken a long time to get that and then go back into the capitol building.
So I would love to go in those units. So there was plenty to see for a week. There was plenty. Yeah. That's cool. Yeah. You could go, you could go back and do so much more. I mean. Parts of the Smithsonian right now are closed off. There's a lot of repair and constructions that are going on right now throughout different areas and different museums.
So, you know, you probably only had access to half of the Smithsonians, so I mean, if we had more time, we would,
Joshua: that would've been another day. That would've been half a day. Yeah.
Brent: And then the Pentagon's right there, which I didn't realize it was so close. So I'd love to go do a tour at the Pentagon. Yeah.
So yeah, there's so much to do there and so much to see and so much to read.
Matthew: Yeah, yeah, absolutely.
Well, you were there at an interesting time because the, there's the big No Kings protest and then also the 250th birthday of the Army, right? Is that what it is? Yeah. So they had that parade while you were there. And then also there's some Middle East tensions while you're there, which I, I thought was really interesting.
So we have have the bombing Iran's being bombed by Israel right now, and, and global markets have been responding. The market dropped 1% on Friday. And you know, the reason we're talking about this isn't, you know, to get political. We're talking about wars, we're talking about this because a lot of our clients are asking, is this the start of World War iii?
Josh do, what do you, what are you telling your clients right now?
Joshua: You know, my, you know, my stance on things like this, we, we don't know the outcome, right? Of what's to happen going forward. I think it just puts even more emphasis on diversifying your portfolio. You saw them market react a little bit, but I mean, already today we're seeing even some recovery.
So, you know, markets are looking at the, for the future as well. Again, I, I'm no. You know, war expert and not trying to be but from a financial advising, you know, aspect, I, I really need to wait and see to have even more of a, a judgment on what's to come as well. But yeah, that's my take. It.
Is it, the s and p shrugged this off completely.
Brent: To this point. Yeah. There hasn't been a big enough reaction to say that there's massive concern.
Matthew: So you guys know what's interesting? The last time we did a podcast was May 8th. And so much has happened in that time with the, the tariffs.
That's what we were covering last time we were on. But since then, the s and p 500 has gone up 6%. It's the best May since 1990. The market's completely recovered. The tariff losses from April, and we're, and we're sitting at near all time highs. We're a couple percent away from all time highs.
It looked like we were about to hit it before this Israel Iran I guess bombing on Friday. What's changed recently?
Joshua: More clarity around all of these tariffs. I think what was thought as a huge potentially inflation increaser disruption of global supply chains. Just creating a very hazy future with all of these tariffs as we kind of figured out that these are what they said they were, which is, or originally promised some negotiation tools to kind of, you know.
Bring back this trade deficit. The uncertainty went away a little bit. We can kind of see some silver lining to all of this and what it tells me also, maybe a little bit of an overreaction. Yeah,
Brent: I, that's swear. Do you think it was an overreaction, Brent? Yeah. I mean, you know, given at the time though when there wasn't the clarity that we have now and that these massive tariffs were gonna be put on and they're put on you know, at triple digits, that was pretty extreme. And, and once they pulled those back, I think that's where things started to normalize and stabilize. But I have to ask the question of, you know, what's gonna happen after the 90 day period? I haven't heard, I mean, I was gone last week, but is there an update to what's happening after the 90 days?
Because that's coming up in July.
Matthew: So they have a preliminary deal with China and they're on another 90 day pause until August 10th. And I, I believe those two countries are just hammering away at the negotiating table. Still then every now and then the big wigs get together and what the latest news we have that as soon as Trump and, and President Xi, who's Xi Jingping from China sign off on the deal.
It's done.
Joshua: I, I have to say though, I mean, you go back to Liberation day. Could some of this just been avoided with better communication? A hundred percent. What do you think?
Matthew: Probably, but I mean, that's Trump's style. It is what it is. That's who our president is.
Joshua: Yeah. No, you're right. It is who he is. But I mean, again, could have all of this been somewhat avoided.
Brent: Yeah. But do we get to the outcome that we're gonna get to without it? Maybe not. And, and we don't know. I mean, I already know the outcome that we're gonna get to. I don't know. That's still not solved for. Yeah.
Joshua: Is
Brent: there really any real negotiations that are gonna come out that's gonna benefit us? I mean.
It still remains to be seen. Yeah, I
Joshua: agree. Uhhuh. Matt, your take?
Matthew: Yeah, I don't, I don't know. I think the tariffs are over. I think it was a April story. We were covered in May. It's time to move on.
Joshua: Well, I'm glad we had that take though, right? Because I mean, our, our stance was kind of wait to see also like that we don't know exactly what this is going to turn into.
We were hoping also, and, and this is what it's turning into, negotiation tactic. These go away, market recovers and that's happened. So I think from an investor standpoint, I mean, you're pretty happy. Right. We've made our money back and from where I stand for clients, that's
good.
What do you got next for me, Matt?
Matthew: All right. Well let's talk about prices, specifically the CPI. So the biggest prediction coming out of tariffs in April was that we were gonna see prices skyrocket here in the us. And, and that hasn't been the case. Inflation is running at 2% over the last 12 months, 2.4% to be exact.
While core CPI is at 2.8%, this is the lowest we've had in inflation since 2021. It
Joshua: still hasn't hit 2%, though
Matthew: it still hasn't hit the fed's target at 2%, but it's pretty close. But I'll
Joshua: say it's been pretty stable. It has been stable.
Matthew: Yeah. We, we've seen more stable numbers for the first time in what, the last three years.
So the economy's still looking pretty strong here though. I will say that some economists are, are predicting that the inflation will be here by the end of the year. So now we have to wait longer. So it went from a month to now, it's gonna be here at the end of the year. Kick road. Yeah.
Joshua: Well, markets priced in some rate cuts.
Matthew: It, it has, yeah.
Joshua: So what does that tell you?
Matthew: That tells me that interest rates are too high for the level of inflation we have in the economy. So maybe not
Joshua: as much inflation as those economists are suggesting?
Matthew: I would say
Joshua: so, yes. Yeah, yeah. Yeah. Well, that's good news though. I mean, from a consumer standpoint.
Mm-hmm. Right. Yeah. We're not, we're not going completely backwards, but we're staying pretty stable, stable. Mm. Jobs are strong jobs. Jobs are strong. We're seeing some softening in consumer spending, but I mean, it's not falling off a cliff.
Matthew: And then you've seen the big prediction on the jobs market that you know, AI is gonna come and take all the jobs, so it's a ticking time bomb.
Joshua: Yeah. How far are we into this conversation? Remember, because this is your take too. AI is gonna just take over everything. Yeah, no, I know. I still wanna do our survey. Maybe we start with our clients of how many people are actually using ai. Probably not a lot like to the level, you know, other people or power users are using it.
Brent: I, I don't think a lot of people still even use the basic functions of ai.
Joshua: I agree. That's my take too. Yeah. It's gonna be, it's gonna take a long, longer to adopt.
Brent: Yeah.
Joshua: And pe it makes people nervous.
Brent: I think with now Google though, having, like if you put in Google, like you see the Gemini kind of answer, I think that's maybe like a light introduction, but I.
Google searches probably need to go completely away. And I think that would probably,
Joshua: it just replaces it. And people don't, won't even realize it's ai. It's just the new Google search way to search. Yeah. Yeah.
Brent: And I think that maybe we'll open them up to using other tools, but like how many people who aren't using chat, GPT or GR or any of these even have the app on their phone?
Joshua: Not a lot, but
Brent: you know, and now I would like to see the age gaps of what people are that are using them. Probably more the younger
Joshua: generation.
Brent: Yeah,
Joshua: I would assume so. Because you're seeing a lot of reports that kids are just using it for homework and everything else they need to do. Yeah, they're figuring that that out real fast.
Actually, my nephew's like 13 and he saw me on my phone and I think I had chat two bt up on my phone. He's like, he Uncle Josh. Using Chacha pt. I was like, yeah. I was like, good. I'm glad you know that
Brent: there, there was multiple times on our trip in DC where my son would ask me like, Hey dad, can you look this up on chat pt?
Yeah, that's cool. He was like, you know, he would be curious about something and then want to know the answer to it and knows like the answer's gonna come out very specific. Right,
Matthew: right, right. No, AI is amazing. What about this big, beautiful bill? Have you guys read it?
Joshua: Yeah, every page. Did you No, no, no, no.
I think my style ran it through. I ran it through Chapter
Brent: Brent, did you read the bill? No, but the house passed the one big beautiful bill on May 22nd and that extended Trump era tax cuts. 'cause those tax cuts were supposed to end what, at the end of this year? Right. Yeah. And so there was gonna be the sunset.
We didn't know what was gonna happen. Now this beautiful bill extends these tax cuts for the foreseeable future. I didn't see, is there an end date where this happens? No. It's for forever. Forever, yeah. 'cause it was gonna be the largest tax
Matthew: hike on Americans ever.
Brent: But in addition to that, that added the thousand dollars Trump accounts for newborns.
Ooh, the MAGA accounts. Hey,
Joshua: can we go back to that though? I want to tell a story about how we work with clients and that. Tax sunset happening because really and truly, and I've had a couple clients over the last two weeks, just assume that like kind of everything in this bill has passed, which isn't a hundred percent true, right?
But when we work with clients and what I've really loved over the last few weeks is to actually show them what it means to their financial plan in dollars and cents and in cumulative tax. If the tax cuts. Weren't approved. Right compared to being approved. So how much it means to your actual financial plan, your bottom line.
Your bottom line. From these tax cuts being extended. Now, whether who you support politically or do you believe in this bill or not, but I think it's really important to understand how big of a role taxes play in the projection of someone's financial plan and to see that savings as well. '
Brent: cause these, if this wasn't extended or signed.
This rolls it back to the tax rates that were prior to this bill being signed, which were significantly different.
Joshua: Yeah. And higher. And like Matt said, that there is a big, and for a lot of people it's a big, huge number of how much more taxes you would be paying. And did you prepare enough for that?
So a lot of people kind of assume this would happen. I think it's probably good that it is, at least even for the short term, but it is a big consequence if it wasn't.
Matthew: Let's talk about these MAGA accounts. Boys. This is what I keep getting questions on
Joshua: how many questions
Matthew: a, a lot clients are asking about 'em.
They want these, okay.
Joshua: Okay. These are in demand. The Trump accounts, mag accounts. Yeah. Trump.
Matthew: Trump accounts, MAGA accounts.
Joshua: Do my kids get 'em? No, no, you have to be born after which date?
Matthew: Af. So baby's born between January 1st, 2025 and January 1st, 2029. Court. Is this
Joshua: like a 5 29 plan?
Matthew: Yeah, it's basically like a stripped down 5 29 or maybe a slightly better 5 29.
But it's for us citizens and parents that hold social security numbers and the government's going to give you a thousand dollars at birth. And you're gonna be free to invest that. And that money could be used for education first. First home down payment or starting a business. I believe you're gonna be able to invest these in like index funds.
Like s and p 500 Index Fund, Russell 2000 Index Fund, et cetera, et cetera.
Joshua: So it's not gonna just be in a stable value money market earning a fixed interest rate. You actually have some growth potential in these accounts.
Matthew: Yeah, and I, I have a feeling this part's gonna change, but the taxes on withdrawal I mean, if it's used for a permitted use, it should be tax free.
But if not, it'll kind of fall on the re, similar to like retirement accounts where there's a 10% penalty. And then it's, it's at your ordinary income rate. And then these are supposed to interact or I, I guess merge with five 20 nines in a way. So
Brent: what is the reason that they're doing this
Matthew: to give every child in the US a thousand dollars at birth?
So they're basically a head start.
Brent: Yeah. So basically what they're saying is that. Not all children born today are created financially equal, and this does give a little bit of equality to children to have a little bit of a headstart. We know the challenges we've seen with clients', kids and, and some of our clients is college debt, not being able to buy a home because of, of some kind of debt or not making enough or start their own business 'cause they don't have enough.
So I guess this gives them. A little bit of an opportunity or a bigger opportunity to have a chance at doing that.
Joshua: Great. Take on or great summary of that. I think that one of the biggest problems is, you know, with inequality is actually starting adult life with a negative net worth. Right? And you see that with a lot of even minority children.
I. So I think this is a good way to kind of promote investing and give an opportunity and a start from a very early age with compounding interest to give them a little bit more fairer of a, if you aren't as fortunate, more fairer way to accumulate some, some money, some wealth for college, or whatever that may be starting a business.
So I like this.
Brent: I have two questions. One would be, does this give colleges the ability to charge more? Yeah, potentially. My other question would be, does does the stock market benefit from this or is it too small of an a number to impact the market and the growth of the market
Matthew: over the long run?
I think it'll be a benefit to the stock market. But it is kind of a small number. However, just like 401k plans, when those started, they didn't really benefit the market. But now. Every, you know, pretty much every Friday, depending on what your pay cycle is, you know, there's hundreds of millions of dollars flowing into the stock market because of 401k plans.
So what starts small and doesn't look impactful, you know, 20 years from now, this could be really impactful if they make this a permanent law here in the us and then I can imagine they make these even bigger and better down the road. And hopefully, you know, both sides of the political aisle can come together because like both of you're saying, this is for the good of the American people.
Joshua: It is, it's for and for children. And, and I, I really like the idea. Hopefully this is continued to be worked on and managed appropriately and, and continue to add benefits. But I also to your point, agree with you because I feel like when we first started, or when I first started into the industry. The market and commentary wasn't about the market recovering faster or limiting the downside because of 401k contributions.
Right. It was still kind of not mature enough, and now we're seeing everyone talk about how 401k contributions every two weeks or every monthly really impact the market as a whole. Mm-hmm. It just took a long time for that to happen, and like you're saying, this could eventually help, but take a long time, but I, I definitely like, like this idea.
Brent: So can people add to these accounts or is it just the government puts in a thousand dollars and you, it grows in the market and it kind of sits in that position? You less interest? Yeah, you
Matthew: can add, you
Brent: can add to 'em.
Matthew: So
Brent: who
Matthew: controls the accounts then? I believe it's handed off to the parents, but the, everything we're talking about just passed through the house.
The bill in the Senate right now for markup.
Brent: Yeah. And then I guess it says 25 to 29. So what happens if you're born in, you know, 2030? Is this potentially gonna go away for kids future?
It might, unless they
Matthew: extend it again.
Joshua: And another reason is just that, maybe to promote people to have more kids. Yeah, there you go. Maybe this was Elon's mark on a big, beautiful bill because of the lack of people having kids in America. Yeah.
Matthew: So the, I have one more thing to talk about on Big Be Beautiful Bill that we've been getting some questions on from clients and that is what happened to the No tax on Social Security 'cause that was one of Trump's big that was big.
Campaign promises is there's gonna be no tax on Social Security. And unfortunately that did not make it into the bill, so it didn't even get that far. So from my understanding it, the way Social Security is written, they have to keep it as is. They can't just change the laws on social security and say Social security is no longer taxable.
So what they did to get around it is they put in a. Extra tax credit for seniors. Mm-hmm. So now there's an extra tax credit for seniors that's meant to get around the no tax on Social Security seniors collecting social security or just seniors in general? Seniors collecting social security, I believe. I think it's an extra 4K tax credit.
I. So it'll come back to you at the end when you file your taxes.
Joshua: So if you owed four, 4K in social security taxes and the credit's 4K, then you would've ended up not paying any social security tax.
Brent: So when people now have taxes withheld from their social security, assuming that's paying just for the taxes on their social security, not other income then they should probably stop that withholding
Joshua: potentially.
Matthew: Yeah, I mean that, that'll be, I guess probably more 2026 advice. Once this final bill goes into law.
Joshua: Well, you have those clients that like a big refund. Yeah. Yeah. They don't want to change it. They'd
Brent: rather, yeah. Or they just don't wanna deal with filing forms with the IRS
Joshua: or calculating it wrong if you don't have someone, a professional helping you.
Matthew: So I think that just this beautiful bill will be a theme we probably spend the next six months on as it gets marked up and changed from here. But it's all seemed like pretty good news to me in there.
Brent: Yeah.
Matthew: So
Brent: what else do
Matthew: you have for us? I wanna talk about the IPO market. Have you guys been paying attention to some of these new issues that are coming to market?
Brent: Yeah, IPOs are hot right now. It's been a while. Like, I feel like years ago when IPOs usually came out, they just kind of stayed stagnant. You know, they didn't really, we didn't see that much of an increase in, but they're like, it's almost like meme stocks now.
Matthew: Yeah, no, they're.
Joshua: Because they're few and far between.
Yeah. Everyone's just too excited to get in on these new IPOs. There's finally something new to the market. There's new to the market, and it's in areas that our PE people are excited about.
Matthew: Yeah, so I think the first one was the core weave, which is a ai compute rental play, and that came public in April and that stock's done really well.
I think it's gone from like $40 to $160 a share, but the, the latest two. That kind of caught my eye. The first one's circle. So Circle does the stable coin business, the US dollar coin, which is a, a, a crypto company basically. It's basically like dollars for crypto. And it went public at $31 a share.
And its first day close was $83 a share. Yeah. And today, I, I, it's very volatile stock. I'd say it's up to like $120 a share or something like that as a recording, but absolutely mind blowing. And then there's Chime, which is another FinTech play. So IPOs are hots kinda like 2021. Again, we're having all those SPACs
Joshua: just 'cause there was none before.
How, how many, how long did we go where there was just. Dry beds of no IPOs.
Matthew: Yeah, I mean, this is good though. This is what the. Trump administration, why they wanna see companies coming public and raising
Joshua: capital, growing
Matthew: investors,
Brent: getting rich.
Joshua: Yeah. Yeah, I agree. Well,
Brent: but aren't these companies kind of going to a price placement so early on in their debut that.
You're almost taking out like the growth of these companies very early on.
Joshua: Yeah. It makes you worried almost. Yeah. 'cause how much is too much growth? Are these companies really worth what they're trading out today? Right. Or is this just again, kind of,
Brent: you know, overhyped? Yeah. Or is it supply and demand?
Like people want new companies. Yep. They're flooding their money to these new companies. And they're just getting overvalued
Joshua: now, even though they might not be worth that over price. I,
Matthew: I agree, Brandon. I think it's, people want other companies, like I am so bored of Amazon, Tesla, apple
Joshua: I was gonna put an apple for you because I know I am.
I'm bored of those.
Matthew: Yeah, like investors are bored of those. They want something new, something exciting, but also how you guys are talking about the pricing of these IPOs and the share pop, that's actually really negative for these companies. That their IPOs are pricing so much because the companies get the cash at the IPO price.
Joshua: Mm-hmm. So what's, that's where they raise the capital actually at. Yeah. So these,
Matthew: these investment bankers are mispricing the deals. I don't know. I don't think it's on purpose. Right. I think they just don't understand the demand that there is for 'em.
Joshua: Maybe they didn't think there, there was that much demand.
Yeah. But the
Brent: demand is unprecedented.
Matthew: It is unprecedented. So I think what we're gonna see is hopefully. More IPOs and they're gonna be priced higher. So this pop that we're seeing, this isn't gonna be something you're gonna be able to chase. 'cause eventually, I'd imagine the bankers start pricing these a little bit more attractive to the company.
But could you guys imagine what's gonna happen with like, open AI comes public or we're, we've got so many questions about starlink and SpaceX. Like when, when that company comes public, oh my gosh, yeah, you might wanna buy it right away. Well, so many clients have already asked like, Hey, when this company comes public, I wanna buy it.
Yeah. And there's gonna be a lot more
Joshua: people wanting those stocks.
Brent: Yeah, absolutely. Do you, do you think too, that because these new IPO companies are coming out in this new market, whether it's the crypto market, the AI market, the cybersecurity market, like all of these new semiconductor sort of markets, do you think that these stocks, because they're IPOing in these different areas of the market.
Have that much higher demand where everybody else is kind of bored of the old Apple stuff, like it's new technology.
Matthew: Yeah, I think so. I, I think it's definitely New Tech, front Frontier play. It's more exciting, right? I mean, these companies aren't like Amazon or Apple, like those are, they're not mega profitable companies.
Incredible. I mean, these are unprofitable companies right now as they're coming public. But as you know,
Joshua: and through history and we, we've been doing this long enough to know that all of these companies aren't gonna be uber successful in the long run. So buyer beware as well. Yeah,
Brent: yeah. Absolutely. Yeah.
'cause I mean, if you, like, let's say go buy circle now. I mean, you could lose a lot of money on that stock right now.
Joshua: Yeah. Even if it just went back to its IPO price. Correct. There's a ton of money. It's
Matthew: trading up and down 15, 20% a day, which that's incredible. Move. Yeah.
Joshua: I mean, it's
Brent: not priceless. Yeah.
Matthew: Buy at your own risk. Let's do what the recommends. All right. Who wants to go first?
Joshua: Not me. I didn't think of a recommends. I need, think of a recommends. I've gotta think of one. Brenton, you gotta recommend. Yeah.
Brent: I'll just, for my recommend, I, I will say which I kicked off the show with, is that I've learned that as my kids are now nine and 11, traveling and doing things that are educational for them or things that will sort of shape their education is probably much more monumental to them and to their, their foundation, their growing than doing a trip to, let's say like we've done Hawaii a lot of times, or going to a destination where they're hanging out by the pool or doing fun activities.
I think seeing them learn has been much stronger for their growth and obviously doing vacations that are more relaxing.
Joshua: Yeah, that's awesome, Brett.
Matthew: Yeah, my favorite trips as a kid are the ones you're describing. I mean, Hawaii is really fun. I. Doing the beach is cool, but when you're learning and, and you're expanding your mind as a child, I mean, that's how you raise good humans
Joshua: and they're doing it with their parents, right?
So for you guys to be able to do that with them and teach 'em is, is really cool. I'm looking forward to doing those things with my
Brent: kids and I think that when they're learning things that they're going to be able to apply in their education, they're gonna be learning about next year and the years to come.
Mm-hmm. They're gonna be able to apply what they've learned and be able to study it in a more easy capacity because they're, you know, they've had the experience to go and do those things and see them in person. Yeah. That's really cool.
Matthew: Alright, Josh, it's been a while since. Do you have a recommends or do you want me to just throw four at you and we could just decide which ones are the most No, I'll,
Joshua: I'll just talk about what I'm watching.
We started what is it? Friends
Matthew: and neighbors.
Joshua: Friends and neighbors. I was gonna throw that out. Yeah. Yeah. Yeah, that's pretty good.
Matthew: Yeah,
Joshua: it's getting a little like farfetched a little bit.
Matthew: How many episodes are you in? I think I'm on five or six.
Joshua: Okay. But I like it, don't get me wrong. Y you know, this is a really good show.
It's on Apple tv. John Ham, Olivia Munn, Amanda, Pete. What about the studio? I start, so what happened with the studio is my wife and I started watching it, but she was, it was the week that she was planning our daughter's first birthday. So she really wasn't watching it. Oh. So like I watched two episodes and she's like, I'm gonna have to go back and watch 'em.
'cause I didn't really watch it. I like it. I have to go back to the studio. I like the actors that are in it, the premise of the show, everything else, but we're both engaged in friends and neighbors and that's good so far. Yeah.
Matthew: Brent, I really think you would like friends and neighbors. I think that you and your wife, if you're looking for a show to watch together once the kids go to bed, like maybe you, you do an episode every night at nine or something.
Mm-hmm. I think you'd really enjoy it. And to, and your wife too. It's a good show.
Brent: Yeah. 'cause I started the one that you guys told me to start and I watched, I think an episode or two and I couldn't do it. What is it? White Lotus. White Lotus. Yeah. You couldn't do, what do you mean? Like, I just couldn't, like I wasn't into it.
Couldn't stay. You didn't even make it to an episode? Barely.
Matthew: You know what, Brent? Just get rid of your tv. Yeah. All right. So, and my recommends is coming from the studio. So we watched the, I watched the whole studio. Great show on Apple TV plus, but in, it sounds
Joshua: like Apple tv. I know you're down on Apple, but they're pretty, they're pushing out some good content.
Matthew: Oh, their content's amazing. And everything else about Apple's awful. Except you want
Brent: one of their desktops.
Matthew: Well, they're desktops. Yeah.
Those are, those are incredible. Okay. But, so in one of the episodes of the studio, it's about a, a Hollywood studio head. And they go to the Smokehouse restaurant in Burbank.
Joshua: Seth Rogan plays him.
Matthew: Seth Rogan plays him and they're at the smokehouse. And my dad was telling my brother and I that he used to go celebrate his birthday.
Every year at the Smokehouse in Burbank when he was a kid growing up in the sixties. Mm-hmm. And it was just his birthday and we went to the Smokehouse in Burbank. So we took him there.
Joshua: Nice.
Matthew: And it, it was, it was a good meal. It was cool. It's like dark. It's you can't really see in there. It's like old school kind of Hollywood smokehouse chop house style restaurant.
It was really good. I, I
Joshua: had the Hollywood vibe,
Matthew: Hollywood vibe, so, so different than the restaurants that like we're all eating at today. So I recommend it for a little nostalgic flashback. That's super cool. I like stuff like that.
Joshua: I thought you were gonna recommend something else.
Matthew: I had like 10 to recommend.
I You wanna talk LAFC Club World Cup? I mean,
Joshua: no. And then also you made some new purchases, but we'll keep 'em for the next
Matthew: show. Yeah, I got a driver, I got a putter. I've been busy. You
Joshua: gotta, you gotta keep for the next show. Yeah, I've been busy.
Brent: All right. So as advisors, we love helping people and that's why we either do this podcast.
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