Ryan (Chumba Casino Narrator)

early 23 most of 23 saying there'd be no recession say there'd be a bull market i know it's like oh okay you said that trust me when i say this that wasn't popular people hated that i mean i don't know why people hated that call because they were promised a bear market promised a recession we went against it we had like 91 to 92 overweight equities or equities in our unconstrained tactical models that we run i know it's a mouthful that's just saying we had a lot of stock exposure because we thought stocks do really well the last couple years

early 23 most of 23 saying there'd be no recession say there'd be a bull market i know it's like oh okay you said that trust me when i say this that wasn't popular people hated that i mean i don't know why people hated that call because they were promised a bear market promised a recession we went against it we had like 91 to 92 overweight equities or equities in our unconstrained tactical models that we run i know it's a mouthful that's just saying we had a lot of stock exposure because we thought stocks do really well the last couple years

have dialed that back a little bit we're like 74 75 equities right now we do have some gold this is like all year this is like all year you know something we just did we did this coming into this year we added some international exposure we added some treasuries for the first time in a while because again if you're a little after just after a 70 rally like we saw in the s p 500 from october 22 to the february 19th peak this year

have dialed that back a little bit we're like 74 75 equities right now we do have some gold this is like all year this is like all year you know something we just did we did this coming into this year we added some international exposure we added some treasuries for the first time in a while because again if you're a little after just after a 70 rally like we saw in the s p 500 from october 22 to the february 19th peak this year

have dialed that back a little bit we're like 74 75 equities right now we do have some gold this is like all year this is like all year you know something we just did we did this coming into this year we added some international exposure we added some treasuries for the first time in a while because again if you're a little after just after a 70 rally like we saw in the s p 500 from october 22 to the february 19th peak this year

You got to say to yourself, that was awfully, that was nice. That was great for investors, but it might not always be that way. It might be rocky, right? We didn't have a 10% correction last year. The odds of a 10% correction this year were very high. We were on record as saying we probably have a 10 to 15% correction at some point this year. No.

You got to say to yourself, that was awfully, that was nice. That was great for investors, but it might not always be that way. It might be rocky, right? We didn't have a 10% correction last year. The odds of a 10% correction this year were very high. We were on record as saying we probably have a 10 to 15% correction at some point this year. No.

You got to say to yourself, that was awfully, that was nice. That was great for investors, but it might not always be that way. It might be rocky, right? We didn't have a 10% correction last year. The odds of a 10% correction this year were very high. We were on record as saying we probably have a 10 to 15% correction at some point this year. No.

We did not think there'd be a near bear market down 18.9%. We also didn't think that Liberation Day would be as aggressive as it was, but it is what it is. So that's some things that I think people can think about and do is to diversify themselves. And the other thing, I've done this a long time. Some of the best investors I've ever met are the people that set it and forget it.

We did not think there'd be a near bear market down 18.9%. We also didn't think that Liberation Day would be as aggressive as it was, but it is what it is. So that's some things that I think people can think about and do is to diversify themselves. And the other thing, I've done this a long time. Some of the best investors I've ever met are the people that set it and forget it.

We did not think there'd be a near bear market down 18.9%. We also didn't think that Liberation Day would be as aggressive as it was, but it is what it is. So that's some things that I think people can think about and do is to diversify themselves. And the other thing, I've done this a long time. Some of the best investors I've ever met are the people that set it and forget it.

By that, I mean every two weeks in a 401k or every two weeks in somewhere else, an IRA or something, they just put money in. And I know it's hard, but they close their eyes and you wait. And 10 to 15 years later, if you were buying dollar costs, averaging in, following a plan when it's red out there and everybody tells you how bad everything is on TV, that's when you want to hunker down, right?

By that, I mean every two weeks in a 401k or every two weeks in somewhere else, an IRA or something, they just put money in. And I know it's hard, but they close their eyes and you wait. And 10 to 15 years later, if you were buying dollar costs, averaging in, following a plan when it's red out there and everybody tells you how bad everything is on TV, that's when you want to hunker down, right?

By that, I mean every two weeks in a 401k or every two weeks in somewhere else, an IRA or something, they just put money in. And I know it's hard, but they close their eyes and you wait. And 10 to 15 years later, if you were buying dollar costs, averaging in, following a plan when it's red out there and everybody tells you how bad everything is on TV, that's when you want to hunker down, right?

The time to plan for the storm is not during the eye of the storm. I mean, we have to plan for the eye of the storm way before it comes. And you mentioned the uncertainty. I mean, unfortunately, 2025 is not the first year in history where every day is green and there's no uncertainty. We've had uncertainty throughout history. I mean, just last August. All right. That was a great year.

The time to plan for the storm is not during the eye of the storm. I mean, we have to plan for the eye of the storm way before it comes. And you mentioned the uncertainty. I mean, unfortunately, 2025 is not the first year in history where every day is green and there's no uncertainty. We've had uncertainty throughout history. I mean, just last August. All right. That was a great year.

The time to plan for the storm is not during the eye of the storm. I mean, we have to plan for the eye of the storm way before it comes. And you mentioned the uncertainty. I mean, unfortunately, 2025 is not the first year in history where every day is green and there's no uncertainty. We've had uncertainty throughout history. I mean, just last August. All right. That was a great year.

Last year was a great year. Stocks gained 25 percent, give or take. You know, we had that yin carry trade on wine that I know hopefully most people remember what I'm talking about. But trust me, that first week of August was really uncomfortable market conditions.

Last year was a great year. Stocks gained 25 percent, give or take. You know, we had that yin carry trade on wine that I know hopefully most people remember what I'm talking about. But trust me, that first week of August was really uncomfortable market conditions.

Last year was a great year. Stocks gained 25 percent, give or take. You know, we had that yin carry trade on wine that I know hopefully most people remember what I'm talking about. But trust me, that first week of August was really uncomfortable market conditions.