Ryan (Chumba Casino Narrator)

There's lots of other countries are doing well that you can add a little bit like in our models that we run. You know, we've got like 10, 15 percent developed international in the models. You know, that's that's a decent amount. That's probably a lot more than a lot of RIAs have. A lot of other places have.

So we we clearly have some exposure to those parts of the world, which were this time a year or two ago, we were more all in U.S. And that obviously worked really well. But now it's just like, you know, OK, the lifeblood of a bull market is passing the baton around. And, you know, I still think we're in a bull market. I know what's happened in the U.S. But again, look around the globe.

So we we clearly have some exposure to those parts of the world, which were this time a year or two ago, we were more all in U.S. And that obviously worked really well. But now it's just like, you know, OK, the lifeblood of a bull market is passing the baton around. And, you know, I still think we're in a bull market. I know what's happened in the U.S. But again, look around the globe.

So we we clearly have some exposure to those parts of the world, which were this time a year or two ago, we were more all in U.S. And that obviously worked really well. But now it's just like, you know, OK, the lifeblood of a bull market is passing the baton around. And, you know, I still think we're in a bull market. I know what's happened in the U.S. But again, look around the globe.

There's like different ways you look at this, but like the globe X U.S. So take the U.S. stock market out, which honestly, I think it's like half the entire market cap of the globe. If you take that out. You're up almost double digits this year. And the U.S. is down, yes. But there really are some other parts doing well.

There's like different ways you look at this, but like the globe X U.S. So take the U.S. stock market out, which honestly, I think it's like half the entire market cap of the globe. If you take that out. You're up almost double digits this year. And the U.S. is down, yes. But there really are some other parts doing well.

There's like different ways you look at this, but like the globe X U.S. So take the U.S. stock market out, which honestly, I think it's like half the entire market cap of the globe. If you take that out. You're up almost double digits this year. And the U.S. is down, yes. But there really are some other parts doing well.

So I think a diversified portfolio with a little bit of development international makes sense. With emerging markets, we're not too warm and fuzzy on China right now. Or on emerging markets, that's because we're not too crazy about what's going on in China still. The Chinese stock market's doing okay. We've seen this before.

So I think a diversified portfolio with a little bit of development international makes sense. With emerging markets, we're not too warm and fuzzy on China right now. Or on emerging markets, that's because we're not too crazy about what's going on in China still. The Chinese stock market's doing okay. We've seen this before.

So I think a diversified portfolio with a little bit of development international makes sense. With emerging markets, we're not too warm and fuzzy on China right now. Or on emerging markets, that's because we're not too crazy about what's going on in China still. The Chinese stock market's doing okay. We've seen this before.

Like Lucy in the football, where Charlie Brown tries to kick the football, she pulls the football back. We've seen these fits and starts with China before. So to us, just the sentiment got way too negative regarding Europe. And rightfully so, Europe's underperformed the U.S., it feels like, for two decades in a row. But all of a sudden, they're starting to do better, and this is why you diversify.

Like Lucy in the football, where Charlie Brown tries to kick the football, she pulls the football back. We've seen these fits and starts with China before. So to us, just the sentiment got way too negative regarding Europe. And rightfully so, Europe's underperformed the U.S., it feels like, for two decades in a row. But all of a sudden, they're starting to do better, and this is why you diversify.

Like Lucy in the football, where Charlie Brown tries to kick the football, she pulls the football back. We've seen these fits and starts with China before. So to us, just the sentiment got way too negative regarding Europe. And rightfully so, Europe's underperformed the U.S., it feels like, for two decades in a row. But all of a sudden, they're starting to do better, and this is why you diversify.

There's an old saying, I've done this for a while, an old saying that... Yeah. Being diversified is always having to say you're sorry. All right. And it felt like that the last couple of years, because all you needed to do is be on the mag seven and boy, oh boy, you were doing pretty good. Why in the world would I, I work with financial advisors every day, like

There's an old saying, I've done this for a while, an old saying that... Yeah. Being diversified is always having to say you're sorry. All right. And it felt like that the last couple of years, because all you needed to do is be on the mag seven and boy, oh boy, you were doing pretty good. Why in the world would I, I work with financial advisors every day, like

There's an old saying, I've done this for a while, an old saying that... Yeah. Being diversified is always having to say you're sorry. All right. And it felt like that the last couple of years, because all you needed to do is be on the mag seven and boy, oh boy, you were doing pretty good. Why in the world would I, I work with financial advisors every day, like

you know their clients say why in the world would i go buy a utility stock or a healthcare stock what all i need to do is go buy the mag 7. well then you come into this year where those stocks are down 30 for another probably up you know a little bit lately but down 30 40 that is why you diversify that's why you don't chase the shiny object all the time the shiny object is the top performing group the last year or two or growth is the top performing sector the last two years

you know their clients say why in the world would i go buy a utility stock or a healthcare stock what all i need to do is go buy the mag 7. well then you come into this year where those stocks are down 30 for another probably up you know a little bit lately but down 30 40 that is why you diversify that's why you don't chase the shiny object all the time the shiny object is the top performing group the last year or two or growth is the top performing sector the last two years

you know their clients say why in the world would i go buy a utility stock or a healthcare stock what all i need to do is go buy the mag 7. well then you come into this year where those stocks are down 30 for another probably up you know a little bit lately but down 30 40 that is why you diversify that's why you don't chase the shiny object all the time the shiny object is the top performing group the last year or two or growth is the top performing sector the last two years

How is growth doing this year? Not very good. Right now, I'm not saying it can't come back. I'm just saying these first four months have been a big, big black eye, whereas value was actually up in the first quarter. I mean, value was up in the first quarter. Financials are up on the year. You know, there's other groups that do well, and that's why, again, you don't want to go all in one group.