National Debt, Hot Inflation, And Gold Masters Picks, Ep. 224

🏌️‍♂️ The latest Capitalist Investor episode where we tackle a blend of economic insights and golf swings! In episode 224, "National Debt, Hot Inflation, and Gold Masters Picks," our hosts Luke, Tony, and Derek delve into the murky waters of the national debt's spike to $34 trillion and unravel the intricacies of hot inflation. We dissect the consequences of the Federal Reserve's monetary policies, opine on potential crisis in future taxes and benefits, and shed light on gold's rally amid a frenzy of buyers like Russia. With an unexpected segue, we weigh in on gold bar sales at Costco and the logistics of such a hefty purchase. But it's not all economics! We can't help but share out laughter at our disinterest in golf before switching gears to make our predictions for the upcoming Masters tournament. Discover our top picks and understand why large caps might safeguard your investments. 📈🏆

The Exploding National Debt and Ignited Inflation Fears

The national debt has surged past an alarming $34 trillion, with a $1 trillion deficit reported in just the first quarter. The hosts engage in a grave discussion about the ramifications of this debt on future taxation and the sustainability of Social Security and Medicare. To add to the complexity, they fear such indebtedness will force the government's hand in either continuous spending, which could inflate the economy further, or austerity measures that may lead to deflation—a choice between a rock and a hard place for policymakers and citizens alike.

Federal Reserve's Rate Hikes: A Double-Edged Sword
The Federal Reserve's monetary policy and its recent rate hikes were a significant focus, especially considering their effect on borrowing costs. The host trio dissect the balance the Fed needs to maintain to contain inflation without derailing economic growth. They contemplate the challenges that investors face in adjusting portfolios to accommodate longer-duration investments, like 30-year treasury bonds, at a time when interest rates are rising.

The Golden Debate: From Costco to Russia's Acquisitions
In a surprising twist, the recent sale of gold bars at Costco led to an intriguing conversation about the reasons behind people's inclination to invest in gold during uncertain times. The hosts express humor and curiosity over the practicalities of buying and transporting gold from a wholesale club. Additionally, they touch upon the global scene, noting that gold is not just an individual's safe haven but also a strategic move by countries like Russia, which has been increasing its gold reserves.

Market Dynamics: Large Caps vs. Small and Mid Caps for Safety
The stock market continues to hit all-time highs, prompting the hosts to analyze what these peaks might signal for future performance. Easing away from the smaller and more volatile players, the consensus leaned towards large-cap stocks for relative safety in the potentially turbulent markets ahead. They encourage listeners to pay closer attention to company earnings rather than the Federal Reserve's actions as primary indicators of economic health.

Masters Golf Tournament: Predictions and Preferences
Straying from their typical financial discourse, the hosts wind down the episode with some commentary on the upcoming Masters golf tournament. Though lukewarm about golf themselves, they throw their predictions into the ring, favoring players like Jason Day and Joaquin Niemann due to their impressive recent form. They extend the conversation beyond picks, reflecting on the state of live golf coverage and how changes in tour circuits affect the traditional greens.

Transcript

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Hello, and welcome to this week's episode of the Capitalist Investor. As always, you have me, diamond hands D, and back in the saddle. Luke Lloyd. How we doing? I'm alive. He's here, engaged. Yeah. Big event. Hey, congratulations. Nice work. You get the golf clap because we'll be talking about the Masters here in a little bit. Yeah, that's why I almost just, like, left the podcast room, because they're talking golf. It's the last thing I want to talk about. It's the Masters, the best weekend of the year. I mean, just throw your typical dart, either Rory or tiger, and move on. Derek and I'll have our conversation about. It's okay. It's a small segment. We got you. All right. Yeah. I'm glad to be back. I'm glad to be back and alive. It's actually beat me up missing the past two weeks. I'm glad you guys didn't talk too much crap about me. So, what do we got today? Oh, man. We have. What do we have? Action pack show. Yeah. So we'll do the financial planning corner around the national debt skyrocketing out of control. So I know Tony has a bunch of takes on that one. We'll talk a little bit in the news, obviously, CPI and then rate hikes or rate cuts or hikes. We'll talk about that and the effects of some of that and this crazy economy that we're living in, what Costco is selling. So we'll talk about that, and then at the end, we'll obviously make some. Some masters picks. Very exciting weekend. It's my favorite. Yeah, absolutely. It really kicks off the golf season. It kicks off spring. I love it. I'll probably slice everything this summer, you know? All right. All right. The national debt is just accelerating. Debt's over $34 trillion right now. The US government has spent $3.2 trillion in Q one of this year and brought in tax revenues of 2.2 trillion. The math on that is that we are running a $1 million or $1 trillion deficit in the first quarter. Now, I want to just put up in perspective, like, how big a trillion dollars is. So in one year, there are 31,500 seconds. I'm sorry, million seconds in a year. In one year, there's 31 and a half million seconds in a year. If I gave you a dollar every second, how long do you think it would take to equal a trillion dollars? 1 trillion. Not 34 trillion, 1 trillion. So a dollar every second. I'm gonna give you a dollar every second until I'm done until I hit a trillion dollars. How long do you think? Nine years? 30. 30,000 years. 30,000 years, dude. See mathematician in my brain. Yeah. Yeah. Yeah, dude. 30,000 years. I'd have to give you a dollar. And we're at 1 trillion. We did that in the first quarter of this year. Put that in perspective. So. And now the interest payments on our debt have officially exceeded defense spending. I don't know about you, but there's not a lot of people in the world that like the United States. I feel like we should always be spending money on defense, but no, we're creating, we're paying it on interest because the government cannot stop spending money, and that's a problem. Now, go ahead. No, go ahead. You're on a roll. I mean, the biggest butter. He's on a roll. What this is really going to, what this is really going to do is create a crisis for future taxes and our benefits, Social Security and Medicare. And that's why we have to, as you know, as you're planning for retirement, whether you're 40 years old, 50, 60 in retirement, this is a crisis. It will be dealt with, but not before November. November will be the reckoning day of what is going to happen. Are we going to continue down this crazy fiscal spending or does Donald Trump get in the office and stop it? I have no idea. It would be interesting if he stops it. I don't think he can. But what that means for you on a planning basis, basis, is that for the next about year and a half, you have an opportunity to take advantage of the historically low interest rates. They have never been this low since World War one. And with us piling up debt. Yeah, there's going to be taxes. They're going to be going up. They're already kind of going up secretly. They're messing with marginal tax brackets and things like that. But when Donald Trump's tax law sunsets at the end of 2025 on one, one of 26, we are going to have new rules. And I'm guessing, I'm going to predict that they are all going to be higher. Things are going to get crunched. And this is your opportunity, as you're planning for retirement, this is your opportunity to, and I'll just, I'll say that the biggest headwind is a trying to get money into Roth iras through Roth conversions, because, again, you may have to pay taxes. Taxes is a consequence of success, I've always said, but this is your opportunity. Tax return, consequence of the government getting bigger and putting the burden onto you. Yes, it is. I mean, I know you're 100% right. I'm just saying, at the end of the day, taxes shouldn't be this high in the first place. And the fact that they are stems from the problem that you just were alluding to that I kind of wanted to comment on the debt problem that we have in America. You know, let's go back to 1913. The federal reserve was created. The whole world was different in 1913. People didn't spend on, they didn't have credit cards. People, guys, just one, usually one bread runner, you know, spouse, usually the woman would stay home, take care of the kids, raise a family. So the guy would go to work, get enough money to buy a house, get a grocery. Automobiles weren't around, so they walked to work, or bicycle to work, maybe took the bus, whatever it be, or not bus, like a tram system, because buses weren't around 1930s. Anyway, the whole economy was different, and we were economy of hardworking savers back then. Now we're economy of, if you want to call it, hard working, hardworking spenders. And everything is attached to interest rates, credit cards. So the whole world is different than it was when the Federal Reserve was created with the intention of controlling demand in the economy through rates and other things they can pull to control demand in the economy. So things aren't working the way it was supposed to. When the Federal Reserve hikes rates of 7%, all that means to people now is, oh, I'm not going to stop my spending, I'm just going to borrow more money at higher rates to continue my spending because I have access to credit now. So the world's different in that aspect. Then. In 19, what, 71, we got off the gold standard officially in the United States. So therefore our currency is no longer backed by anything besides the power of the US government. And in that fact, that allowed the Federal Reserve to then continue to print more money and allow them to basically pull triggers harder than they did before 1971, once we weren't backed by anything. So essentially that's what created this whole Ponzi scheme and has allowed the government to get bigger and bigger on those two things. One, the Fed's creation, and then two, the getting off the gold standard in 1971 to continue the Ponzi scheme higher. From a planning standpoint, Tony, I think you were hitting on a little bit. And one thing I wanted to bring in the conversation is you see a lot of insurance companies out there and the banks of the world that are locking in some of these longer duration investments. You could buy a 30 year treasury bond paying you four, 4.5%. The question you have to ask yourself from a planning standpoint is sometimes what can you do from the longer duration side of a portfolio? Maybe small percent, maybe it's 510, 15%. They can continue to think about how do I lock in and take advantage of these higher interest rates, especially if something else breaks in the economy where rates go down. If we take away the liquidity into the system, eventually we do pull back government spending, that's going to be an economic deterioration. There's going to be bad things that happen because you take the Kool aid away, you're going to see deflationary aspects instead of inflationary deflation, something that will come into the conversation probably the next ten or 1520 years. If the government continues to spend the way they are, it's going to create inflationary situation. If they do pull back, it's gonna be deflationary. Yeah, it's. Cause I think, you know, one of the stats I saw is that the government created 100,000 jobs over the last year, most of them for the IR's and veteran affairs. And this is. Here's my rabbit hole. You know, I feel like it just looks so blatantly obvious, but this looks like the Democratic Party's full court press to get reelected. They are going to spend our money to get reelected. Cause they're creating jobs artificially in the government, and they're gonna allow illegals to vote. Like, come on. Like, I don't know, maybe I'm wrong on some of this stuff, but that's how I feel. Like there's a lot of concern that a lot of these illegals are going to be able to vote and they're positioning them. You know, that's the conspiracy theory that, you know, I mean, that's exactly what they're doing. Like, Tony, that's not exactly true. I don't know, man. It sure seems like it. There's a lot of numbers that support that. Yeah, I just love the one tick tocker. But they're like, I just made money and I got taxed. I go out and spend it, and I get text. So I'm double tax. Wow. Wake up. I'm pretty sure we fought a war. Over this 350 years ago. Yeah, yeah. What were those tax rates? You know, like three or four? I'm gonna get pissed. I'm gonna get pissed off and throw some tea in the ocean. The tax on tea, I think, was like 3%, and that's what caused it. Let's go through some history. Income tax wasn't created until, like, 1856 or 1860. It was right, like, during the Civil War. It was right after the Civil War to pay for the reparation and all that stuff that, you know, we spent all the money on that. So that was why income tax created. And it was originally, like at a rate of 1%, and then the top rate was 5% if you were, like, really wealthy. I mean, this is where. How far, once you get set a precedent, this is why we talk about precedents all the time in this podcast, like free money, things like that. Once you set a precedent, you can never go back. And that's why we're in the issue. We are. If we keep spending at this rate, taxes are going to probably double. Don't you think? That's a bold statement? That's a lot, but, I mean, it's not out of the cards. I mean, we're running a $1 trillion dollar deficit per quarter now. So, I mean, so think of it. Think of it this way. If. If Trump's tax laws sunset and nothing happens, which I doubt there wouldn't be, you know, the new regime will come up with their own set of rules, but if nothing happens, they can't figure it out. It will revert to the Obama tax rules or tax laws. And if that happens, all of the marginal brackets will increase 15% to 25%. So, yeah, it's not out of the cards. D like it might happen by osmosis. Cause if people just messing around, worried about paying for other stuff, they just let the tax law sunset and no new law put into place. Yeah, that could happen. Well, I think we're gonna go probably back to the 1980s or something when the top marginal rate was like 90%. Yep. That's crazy. That is crazy. Yeah. Need that money. Yep. So, yeah, it's something to definitely pay attention to, especially if you're approaching retirement. It's a very important part of the plan to. To at least account for taxes potentially going up in the future. And if you've saved all your money into, you know, kind of the tax deferred bucket, like in your 401K, your IRA, it's probably a good idea to take a look at some Roth conversions. Obviously, it needs to be done through a financial plan to make sure it makes sense for you. But Roth conversions and even some life insurance strategies, which we mentioned on the show before, have a potential impact to really change someone's retirement plan for the better. And also because of these higher interest rates, what we talked about, and all this flooding the economy with liquidity. These annuity companies that are insurance companies, like I just was referring to, that are locking in longer duration treasuries are paying out higher rates now. So it's like there's different ways you can take advantage of that, too. Yeah, for sure. All right. Just be careful when you lock in long duration because there's definitely a case for deflation, but there's also a case for hyperinflation. Argentina. So. Yeah. All right. CPI came in hot, sizzling three and a half percent, and again, most of it came from shelter and energy, the two things that most human beings need. Right. Imagine that. I mean, you can throw in food, too. But again, I just really feel that all of this government spending is the biggest tailwind for this inflation. And if they don't can, if they don't continue to taper it, we got a problem because it's gonna create inflation. It's so crazy how the beginning of this year, six rate cuts were being priced into the market. Six, yeah, and then we went to three. 20 to two is kind of the range. Now. The one fed speaker, what about a hike, man? I mean, I think that's highly unlikely, but I don't think it's not out of the cards. Me and Matt, one of our team members on the investment team, were talking about the politics within the Fed. And the end goal, if you're a Federal reserve governor, is to eventually probably get a political position within the administration, whether it's Democrat, Republican, whatever your politics are. The end goal is a politically driven goal. And all these governors and all these presidents of each Fed, they want to be heard. They like being in the news. And it really doesn't matter if what they think or say is truly true. It's like, as long as it makes the headlines, that's what matters. And frankly, we have an unhealthy obsession right now in the investment world with the Fed. It should be more about company earnings. The fact that companies are making money, that's really what should matter. It's not that whether we hike rates or cut rates, like, at the end of the day, we're so observant of what the Fed does, it's almost unhealthy. And every federal president has their own different opinions, which is also unhealthy because it's like you don't know what's true and what's not. Yeah, it's crazy because of these interest rates, the predictions of hikes and no hikes and things like that. I just saw, like, this year was supposed to be the I don't know, maybe the mean reversion is what I would call it because, you know, large caps were outperformed mid caps and small caps by over 10% last year. Right. I think s and P was up what, 2020, 4% and mid caps were up like 1010% to 14% year to date. Small and mid caps, the Russell 2000 is up a half a percent. It's getting crushed today because of the CPI. Well, the CPI, because the CPI is then going to cause the fed not to cut. And small and mid cap companies need the cut. They need smaller interest rates because they're the companies that usually burden the debt. And large caps are up 8%. Again, another, just the continuation of disparity. That's crazy, but I'm off my soapbox. But CPI, it's going to be interesting what they do. I don't think they're going to cut. I don't know how they can. The inflation, the cycle is that it always does reaccelerate, but cutting is only going to make it worse, in my opinion. Yep, for sure. And it all comes back to government spending, which no one in the Fed seems to want to talk too much about. They talk for hours and hours and hours and just kind of gloss over that. All right, another topic, Costco. We talked about this. They're selling gold bars, but now they said that they're selling over $200 million in gold bars a month. Where are they getting all these bars? Worn down to Fort Knox. Where are they getting this? I don't know. I see those commercials on Fox business. They say they're running out of gold. So I believe it. Don't know where they're getting it from. I don't know. So why are people buying gold bars at Costco? Where else would you get it actually on tv? I know you can go to a broker and get yourself a bar of gold and stuff, but, like, it's readily available at Costco. Like, I can get some patio furniture in a gold bar. Like, why not, right? You know, is it more, are people buying it as a novelty or for fear factor? It's got to be fear factor, right? I don't think so. I think people are just buying it because of, because they're, I don't know. They're at Costco and they're like, oh, gold bar. We're going to go back. The good old, they don't just have gold bars sitting in the aisle next to the coffee. What do you have to do? Put an order in and then the brinks truck like, drives it to your house. So. But. But think about this. Like, they. They can't, like, you make a very good point. Because I thought about this d. Like, they can't have just gold bars laying around because it is a. It is a volatile mechanism. Like, it's a volatile commodity. I mean, it's been going up, but it has crashed in the past. I mean, Costco's not gonna go buy a bunch of gold bars for $2,400 and put it on the shelf. And then tomorrow it's worth 1900. It's called. You hedge against gold futures, and you start buying gold. Is that what. Is that what Costco? I mean, I don't know what they. Are doing, but they could be. I don't know. Maybe they have some trader in the back, like our robbie markets future con swaps on their gold positions. Yeah, I mean, I thought Costco was just there for the crab leg index. Now it's there for the Colt and X. But how do they profit on that? Like, how does. How do they just act as the broker? That's how they. Like, if you go buy gold online, it's like, you know, there's gonna be a markup, a couple percent markup for whenever you buy off the person online. Same thing Costco is doing. They'll buy it and then mark it up, and then, frankly, people will buy it whether or not it's dropping two or three or 4%. Like, people are still gonna buy as long as there's no drastic big change. Yeah, I mean, I apologize. I'm usually come to the table with, like, how this actually happens. I like to know, but I saw the headline today, and I'm like, we got to talk about that because I just think it's crazy. I've got it. So they have. So it's not gold bars, you know, like from the cartoons. It's 1oz. You know, it's the 1oz. You know, it looks like a coin, basically, but, yeah, dude, they got them right in the cases with the watches. You know what I'm talking about? Yeah. Like, right at the front of the store. Yeah. That's the picture I'm seeing right here, right next to a nice luminox. So get yourself a nice, you know, military grade watch and then pick up an ounce of gold for 2300 bucks. That's wild. I mean, how do you check that out? Do you want to. I mean, do you really want to walk out of Costco with a $2,300 gold bar in your pocket? You just hide that on the Costco credit card. I guess you get to 2% back for that transaction. That's pretty good. Enjoy that $40. Cool. I don't know. Is Costco a gold stock now? Can you, like, buy Costco, like, GlD? Anyway, but the one thing I did hear somebody talking about gold this morning and its rapid rise lately, I think it's up 20% at least. Gold bitcoin. So you have these defensive names in, like, commodities that are performing well and the market's all time highs. Like, all right, I don't want to be like, I'm not going to be negative. I'm not going to be, like, scary. What's that movie on Netflix, like, with Julia Roberts? That one new movie with the world ending kind of, or us kind of getting. Anyway, during that movie, one of the guys there is, like, a financial advisor or investment bank or whatever being. He's like, in my world, I can see things before they happen, because all I need to do is look at the market, what's going up and going down. I can kind of get a story, a sense of what's going on. So the story and sense with this is, why is gold and all these defensive names hitting all time highs at the same point in time that markets are hitting all time highs? And is that signaling, nailing something? Right. So that's something you have to arch. Caps hitting all time highs and small and mid caps not keeping up. Right. So what is that. Is that saying that we always say when times are rough, you want to have a bigger boat, like, when the waves are rougher. You know? I actually have been on a cruise ship when there was a hurricane. It was pretty freakin scary. I thought I was gonna die, but I didn't, and. But I wanted. I'd rather be on a big cruise ship than I would want to be on a small boat during a hurricane. Right. So it's. Maybe that's signaling something, too. I don't know. Yeah, I mean, that's why people are piling into large caps, because they don't. They're just safer. Safer, right. But the one thing on the gold thing is that it's been on the rise, but it's been mostly by a lot of foreign, you know, foreign players buying it. True. Not many people in the United States, you know, not many United States agencies and things like that are buying gold. Russia's buying it, like, all the time. Like, buying it. A huge clip. Yeah. All right, well, fun stuff. Debt, inflation, gold. Let's talk about the masters. Yes, let's do that. All right, so we're going to pick one top tier, one mid tier, and one dark horse, bottom tier kind of player. So one thing I would say about the, I do a lot of research for draftkings. I like playing a couple lineups and things like that for fantasy golf, so I'll read up on it. The crazy thing is that Augusta is actually the most predictable course or tournament of the year. It's usually always the same players. A top 20 player always wins historically, and it's crazy. Not a single rookie I don't believe has ever won a player playing in that tournament for the first time ever. Recent form is also a key indicator. So experience, experience winning there recent form, and it better not be your first time. Those are kind of the crux of finding a good somebody that could win the tournament. So with that being said, luke, who do you like? I'm taking Jason day, Columbus boy. Okay. I'd count him as a mid tier guy. He's not that top 20. I don't care. So I had written down my mid. So I'll really say that's a good pick. Oh, man. I'm taking him as my top, top pick. You know, he's. I know his odds aren't great, but. This late, this late in the draft. I'll tell you what, man. Ohio. Ohio is one of those states like you, just people from Ohio, us Ohio boys, you know, you don't want to when we're under. Count us. We don't count us out. All right. I like it. Do you have a top guy. McElroy? That was. I predicted that Luke was going to predict that. Did you bet on it? Did you win money? No, I should have. He's on the COVID of the game. I know. Two years ago. So that's my pick. I feel Rory, he just gets such a beat down from all the Liv players. Like, man, they just really beat on him because he called them all out saying, oh, you guys are ruining the game by leaving and taking a bunch of money. And they're like, no, you're just stupid because you didn't take the money. Yeah, I go into the live anyway. They really got to fix that live PGA thing because it's real bad. There's still no, they merged in principle, but there's still no framework. Yeah, the guy that they're still fighting like all the good players aren't in the big tournaments. Yeah, it's really hurt the PGA. I used to, you know, casually watch on weekends when I was around, but I've barely paid attention to it. And I probably thrown on the live more than I've thrown on the PGA. Really? Yeah. I've watched a single live turn. I've watched, like, ten minutes of one, and the course that they were playing at was a dog track. Yeah. It was like, they do not play at good courses for some reason or another. I think it's like. I guess it's more of like a banishment. Like. Like, you know, like, the good courses aren't going to allow that because they're usually probably getting a kickback from the PGA to keep their courses in the 100%. Anyway. What do you got? Me. So, I'm always going to take Brooks. Brooks Kafka. He's my guy. He hasn't done anything lately, so he's coming in hot. Yeah. So I really like him for my top pick. And then I'm gonna replace Jason day with just another name. Who's more towards the top? Joaquin Niemann, the guy from Liv who's really, really good. I'm very interested. He got an invite to the Masters, basically, and he's been playing all around the world trying to get enough points to get in there. Well, he's playing exceptionally. His form in the live right now is exceptionally. Like, he's. He's in the top five every tournament. You watch some of these other guys, like, they kind of come in and they'll. They'll finish 25th and then fifth and then drop the 30th. And this dude is top five in the last ten tournaments there. Like, he is playing exceptional golf, and I don't believe. I don't think this would be his first time playing the Masters. I don't know that. But the only thing I would say, if he is a rookie, that might not be. Yep. No, definitely not. Just a guy to keep an eye on, though. I think he. I think. I think the people who. It takes a while to learn Augusta is what they say. Yeah. So, yeah, from that standpoint, it would be difficult to pull it off, but he seems to have that drive and desire to really. To really want it. So I'm interested to see him, him going. And the live had an incredible showing last masters as well, I think. Didn't Phil, like, come in third or something? Yeah, he had a late Sunday historic, like eight under shot up the board. The live actually was. I mean, I'll mention it right now. So here's. Here's like. Like the top guys. So, like. Like Scotty Scheffler. He was four to one. I got him at nine to one a few weeks ago. I got my little future bet in. Yeah, right. Right as he was about to. Right as he was about to win a tournament. I'm like, I'm gonna go fire off of a Masters bat. But here. So, here's one thing. So, another prediction is that usually the chalk, the chalk has never won the Masters, and Scotty Scheffler's the chalk. So maybe I'm just lighting money on fire also. Him, Scotty Scheffler, and, God, man. There's another guy. Sam. Sam Burns. They're both. Both of their wives are expecting babies here within the next couple weeks. Got all the inside tracks. And if they both said, they're like, hey, if my wife goes in the thing and I'm leading the Masters going into the final day, I will not be there. So you got that going for you. I'm gonna go. So, I mean, you got John Rahm Scheffler. I'm gonna go with Xander Shafle. I mean, he's always played well at the Masters, so I'm gonna go. I'm gonna go with him. He's in great form, and that's my top tier, my mid tier guy. I mean, we just talked about a live guy. I really like Patrick Reed. He plays well at the Masters. I think Terrell Patton or Hatton is always a great ball striker. He's a live guy. Matt Fitzpatrick. The gala are also good mid tier guys, but I'm going to land on Patrick Reed. Like, no one's talking about that dude. But he's always in the top ten for the Masters. And then my bottom tier guy, dark horse, go with my boy sewoo Kim. He plays well at the Masters, too. He's been known to roll the rock, hit the ball well. And there's my thing. That's a pretty good one. Yeah. So, Xander, Patrick Reed, and see who. Kim, I'm gonna throw Justin Rose in there for my. For my long shot. Okay. He always. He always plays. He plays well there, too. I'm in third. Tiger woods. In my long shot. He's a 150. Another thing, I believe it's supposed to be windy there all week, so having some of those european players. Mm hmm. You know, like, Terrell Hatton or Matt Fitzpatrick. They play well in the win, too. So I just. I don't know why, like, I didn't try harder when I was younger to be good at golf. I could be, like, just on the course every day, you know, having a nice little beer afterwards and enjoying life, you know? I wish I would have gotten lessons early because I taught myself how to golf, and now I have this horrific swing that I that I just band aid the hell out of every year. I've become a better putter and chipper because my approach games is just not that great. I get off the someone would have. Told me how much money you make in golf. Like, I would have would have tried a little harder. You're playing baseball, man. I was throwing knuckle balls, the watch, and someone should have told me that making it to the majors and baseball, you know, division three baseball and throwing less than 80 mph probably wasn't going. To happen, you know, or the wheels up, you get free, you know, just get hop on a PJ to your next tournament rather than hopping in your car. Absolutely. That's american dream right there. All right, guys, take us home. D all right, well, good stuff this week. Thanks for listening. If you have any questions comments, hit us up at info connect.com and we'll talk to you next week. The opinions expressed in the podcast are for general informational purposes only and are not intended to provide specific advice or recommendations for any investment, legal, financial, or tax strategy. It is only intended to provide education about the financial industry. Please consult a qualified professional about your individual needs.