Capitalist Investor

DOGE, Gold, Retirement Life, and Quantum Apocalypse, Ep. 310

• Strategic Wealth Partners

Share episode

In a lively and insightful episode of the Capitalist Investor podcast, hosts Diamond Hands D, Luke, and Tony, delved into five trending topics that are capturing the attention of investors and financial enthusiasts alike. Let's take a closer look at the discussions that unfolded during this episode.

  1. Doge Dividend and Treasury Checks: The episode kicked off with a discussion on the intriguing "Doge Dividend," a concept involving a $5,000 dividend for net taxpayers. The speakers highlighted the importance of ensuring proper tracking of funds, especially in light of recent revelations about missing treasury checks and payments to unrealistic Social Security beneficiaries. This conversation shone a light on the accountability necessary within financial systems.
  2. The Role of Gold in Investment Portfolios: As gold prices push towards new highs, the hosts explored its role as an inflation hedge and store of value. The debate touched upon both the benefits and challenges of owning physical gold, including storage concerns and the potential impact of increasing gold demand. The hosts also considered the rise of digital gold through ETFs and its implications for modern portfolios.
  3. Retirement Planning Considerations: Retirement planning is an evergreen topic, and this episode addressed the challenges individuals face when transitioning from saving to spending in their retirement years. The hosts emphasized the need for a carefully crafted retirement plan that balances realistic expectations with financial security, enabling retirees to find new purpose and fulfillment beyond their working years.
  4. Quantum Computing's Potential Impact: The conversation took an intriguing turn as the hosts delved into the potential implications of quantum computing. They discussed the looming "Quantum Y2K" challenge set for 2029, when quantum computation could potentially break current encryption methods. This segment prompted thought-provoking questions about data security and the need for evolving encryption techniques in a rapidly advancing technological landscape.
  5. Cultural Dynamics in Sports: The episode concluded with a conversation about cultural dynamics in sports, stemming from a recent USA vs. Canada hockey game. The hosts explored the role of sportsmanship and national pride, reflecting on the intensity of the match and the booing of the national anthem. This discussion highlighted the power of sports as a platform for cultural exchange and competition.

Overall, this episode of Capitalist Investor provided a diverse and engaging exploration of topics ranging from financial resilience to technological innovation and cultural expression. As investors and enthusiasts navigate these trends, the insights from this episode serve as a valuable guide. Tune in to the Capitalist Investor podcast for more episodes that delve into the heart of today's most compelling conversations.

Hello, and welcome to this week's episode of the Capitalist Investor. As always, you have me, diamondhands D. We got the whole crew here today. Tony the Tiger, Cool Hand Luke. What's going on, guys? You know I'm getting fat when people on the comment section start calling me telltubby, it's not cool. Offended. What is this on Twitter? YouTube. YouTube. The YouTube trolls are out, huh? They hate me. They hate Luke Lloyd. They hate me being fat. That means they like you. That's right. Haters gonna hate if they're gonna take time out of their day to. I do gotta lose weight, guys. The Taco Bell is not working every day. You know, Taco Bell is so good, though. It's because you and Matt Geary here, like, randomly get Taco Bell for the incoming, like, for lunch or whatever it be. And then I start craving it, and then that's all I could think about for the entire week. So you guys do it to me anyway. I've had Taco Bell twice in the last three months, and that was the first time in three years we have. I don't remember the last time I've been there. Maybe a year ago. Yeah, some people live on this stuff. I don't know. Well, we have a lot of fluff today. And content with four topics. So, talking about fluff and me Fluffy, number one. I think we're talking about the good old Doji apartment. I mean, you know, like Hot Topic. I mean, there's so much stuff, like I said, like, this is, like, got to be a staple every week, because there's just something new that I find fascinating, what they're doing. We'll talk about gold. We'll touch base on a little retirement planning corner, and then obviously, we'll hit the conspiracy theory corner, too. It's actually not a conspiracy. Like, I called it a conspiracy. Like, it's actually not. Like. Okay, well, we'll find out. All right, so, Doge, what do you. Here's. All right. So there's. There. The one thing is, they can't track $4.7 trillion of treasury checks that were given out. Like, someone didn't fill out the memo section. Just like, here's a check. Don't worry about it. Like, you got to be kidding me. And then Social Security, we're paying people that are 150 years old. And plus, that's why the. What, the Social Security system's running out? Well, that's one thing, but the. You know, the director immediately resigned. So, I don't know. I mean, they hadn't known this was happening though, right? How do you not audit your own distributions? What are you doing? What are you doing every day? Like, you don't have me. Like, hey, maybe we should just do a spot check on like, you know, just who's getting payments. I. Somebody threw up on my Facebook. One of my friends, he's like, oh, there's a hole in this. I'm like, I can't wait to see where this money's dropping. What bank account are these tied to? That is the rabbit hole I'd love. Yeah, I'd like to see. It's less even about. Yeah, like the money being given out. It's more about who's going. Yeah, I don't care about the money going out. I want to know. Well, obviously it's tied together, but who's getting it now? The other thing that just popped up in the last 12 hours, essentially the Doge dividend. Yeah. You guys heard about this? Oh, yeah. Oh, yeah. This is good stuff. So what are they trying to do? $5,000 for net paying tax people. Right. So if you're not really paying tax, you don't file and stuff, you're not getting a stimmy check like we did back in the pandemic. Big difference between the two. The pandemic stimulus was $4 trillion. This is 4 billion. 4 trillion came out of deficit spending. This is coming out of Doge savings. So I don't know if this is going to happen in a. I don't think it's going to be a 2025 thing. Well, it's basically like shoveling like pie in the Democrats face, like just saying, like, hey, like, instead of we can do this more efficient than you and actually do the same thing as you, like by giving free money per se out. But it's our money. It's our money being returned back to us by not being spent. Is somebody, how can anyone complain about this? Is somebody in the comments going to be like, yeah. Bet you that guy needs some pie. Yeah. Damn it, Tony. I'm going to go all day with this one. This is great. But literally it's, I'm, I'm, I'm excited about this, Al. But that being said, what's this going to do? People get $5,000 stimmy check, they're going to go out there and spend it. So it's another way to stimulate the economy. So like I was reading a little, I went down a little rabbit hole reading on this. So it's not, not everyone is getting the check there's like 132 family, 132 million family families in the United States. Only 79 is expected to get it because they are net taxpayers. And honestly just me just hearing this, I'm like, why don't you just focus on putting that $4 billion back into deficit, you know, deficit spending. Like, like make sure that you know, pay off the debt, man. Like that's what I'd rather, I don't really think I. Because we don't have much time do like the problem is like we have to think long term and let's say. Okay, I hate. I don't want to bring this up. I guess I will bring this up. I was watching a video this morning and it was like this Indian guy over in India talking about democracy and basically he said that democracy stupid because the average person is stupid. It doesn't work because democracy fails in the end because the average person can't vote in the right things. So let's say we only have a four year timeframe frame. Maybe let's say we have eight year time frame where we have eight years of Republicans truly being Republicans cutting deficit spending. Then all of a sudden there's a pendulum swing and the next thing you know there's a lot of liberal policies being implemented again. Well, we only have a short time frame to pay off some of this debt. Right. So I'd rather see that money go to the, towards the debt rather than maybe just keeping it the same and then letting the next party to 8 years, 12 years, 6 years down the road and completely make everything worse again. Right. So let's get back on track a little bit and then let's see what happens. Yeah, and I mean they said it could be inflation. I don't, I mean I don't think it's going to be as inflationary as it will definitely be inflationary. So I, again I, I don't even know if this was like somebody brought it up, like Elon brought it up. So it hasn't been approved. It's just chatter. So anything D. I like the, the. One person who's 250 years old receiving Social Security. If you do the math on that, that's actually before the country was founded the 1775. Good point again. How did the audit not happen? Like how do you, how do you. Are allowed to happen? That's the whole. Or what if there actually are vampires? That's another conspiracy. What if there actually are like immortals or whatever? Like you know, people like what do they say celebrities like can like duplicate Themselves, you know, that's another conspiracy. Can we go find this person and knock on their door like, hey, where's this check going? It just goes to some P.O. box. Right. All right. Gold. You know, Luke, this was, let's say these were your topics. Yeah. Because I have a lot of clients that ask me, Luke, should I have some physical gold? And I always tell them the kind of same thing like, and every advisor maybe have, has a different recommendation. This is all maybe more personalized depending on someone's situation, their thoughts and the world. But like, I don't think there's any issue if you have a, like a million, two million dollar portfolio, a couple percent. There's no, there's nothing wrong with holding some gold coins or maybe a gold bar or two for 40,$50,000 of your couple million dollar portfolio. Like, I don't see anything wrong with that. Right. But I want to kind of talk about what the benefits, pros, cons are, what you guys overall think about that. Yeah, I get a lot of. I've had actually quite a few questions about gold and you know, where, where they think it's going, where we think it's going from. From here. It's, you know, two$900 an ounce plus, you know, really pushing up against that 3,000 number. I've seen. I think it was Goldman yesterday has like a $3,300 price target on it. It's been talked about a lot recently as a kind of a hedge against like trade wars potentially busting out. And it's also interesting, yesterday, I think was the first day that they talked about auditing Fort Knox. Yeah. And if there's, you know, actually all. This gold there, the one senators, like, I wanted to go see it and they told me no. And I'm like, I've been. No one's allowed in. Yeah. They said, well, it's a military installation. I'm like, I've been in all kinds of military installations. Why can't I get into this one? I don't know. That's going to be. Dude, that's like, that's like coraldo. It's like knocking down. Yeah. That. Going to the cave that gangsters. Al Capone's secret. I watched on YouTube. Yeah. Recently. All right, well, here's, here's, here's my take on, on gold is that if our investment team felt it there was value in gold, we would own it right now. We have owned it. We ran it up for a year because over the last year, gold's up almost 45, 45%. We captured most of that and we have exited the position not that long ago. So I, that doesn't mean that it can't continue to grind forward because of fomo. Right. And also another reason it is going up is because a lot of people buy it digitally through an etf, like gld, things like that. And actually it's become the, the physical gold is becoming more scarce. So again, you're getting large, large countries buying gold. Right. So again, it's supposed to be an inflation hedge. Honestly, for gold to, to own physical gold, a, you need to be able to store, needs to be protected against theft and fire. And it's. That's kind of, you know, scary, you know, because like those are maybe two things that you, you can control, but you can't control. Right? So I mean, what do you do? You put a, a safe in your basement, but you dig a hole and put it in there and surround it with concrete and only you know the password. And then there's your gold. Right. Well, that's why I don't think you should throw all your money into it. But like, if you lost 2% of your money tomorrow, it's not gonna be the end of the world. Even if you're 85 years old, like on, you know, on the way out, like 2%, like isn't gonna make a break yet, right. I think digital gold's fine because it's part of your portfolio. You can get exposure. And the upside and downside through an etf. Physical gold, in my opinion is. I don't know, man. That's like apocalyptic stuff. You know, if, if the world shuts down, the power grid is off permanently. And. Well, I think we might get into this in the conspiracy corner, but you are going to need physical assets, land, gold, silver to trade. Yeah, back to the barter system. You know, you better be good at a trade. You better be, you know, you know, good at building, fixing all this. All this stuff that is not, you know, AI driven, computer driven, resource intensive through energy. So that's just my thing. Like, hey, and honestly, you know, if you're gonna go down that, you better have a nice stockpile of bullets too. You're gonna need those. Absolutely. So again, these are to own physical gold. There's nothing wrong with that because, you know, maybe, you know, something happens, you got to go a different country and you take some physical gold bars. I'm sure you can. I just think around town with those. I think it allows you to sleep at night a little bit better. Just knowing that but what do you do? I mean, so if something costs like 50 bucks and I got a gold bar worth 3,000, what do I do? Pull out like a little. Yeah, do I pull out a little knife and cut a little shilling off for somebody? Like, I don't know. All right, I digress. I will say real quick, I do. Want to hit on there. I don't know. This is kind of a conspiracy, I guess. But you know, lab grown diamonds, for example, like what, what's stopping there to become a technology for us to create our own gold at some point down the road? Like we can create our own diamonds now through lab grown and that's driven down the prices of diamonds. Even though I think lab grown diamonds, even though they're same exact stuff. They're, they're, there's, they're not as valuable in my opinion because you can create them whenever. And there's supply. There's no, there's a unlimited supply. Right. That takes diamonds millions of years. So gold's the same way. Like what's stopping a technology for us to kind of create our own gold some way and then there's unlimited supply of gold. That's something we got to think about. Aren't we doing that with bitcoin? Isn't Bitcoin the new gold? It's only 21 million ever created. Exactly. Except for what we're going to talk about here in two topics, there is a possibility that the encryption cracks bitcoin code and then we're screwed. Mark Tepper here from SWP Investment Management. It's time to elevate your portfolio with the SWP Growth and Income etf, a diversified basket of high quality growth companies that pay dividends. SWP stands out from the pack because total returns matter. Don't just Invest. Thrive with SWP. Visit investswp.com for more information. Disclosures apply. It's a problem. Yeah, dude. All right. So, all right, the next topic is. All right, let's do the retirement planning corner. So what happens? So I think a lot of people kind. I've had, I actually had this conversation the other day. They're like, hey, Tony, I love your plan. I'm glad that you told me. I'm okay. But I don't believe you because. And I can, you know, probably understand the psychology. You worked for, you know, 40, 50 years, save, save, save, spend, you know, saved and spend. And now it's just spending. You're not saving anymore. Right. So, like, there's this psychological part of running out of money, but also, you Know, like, what are you going to do? And I think, like, the first, you know, from my experience, a lot of clients kind of walk into retirement. Like, I'm just going to, like, watch TV and sleep for the next month. Maybe they do, maybe they don't. But the common theme is, oh, my God, I'm. I'm more, I am more busy being retired than I was when I was working. And I'm like, I can't even believe I, I don't even know what I was doing when I was working. I wasn't getting anything done. And now they are. So that's like doing things that they want and spending time with friends and family and items like that. Well, that's my. This whole industry has changed my whole perspective on really everything. You know, growing up my small town, I always was told, you know, work a job for 40 years and retire at 60 years old or 65 years old, and then you can, you know, just relax and, you know, travel, vacation, whatever it be. But, like, I, there's no purpose in that. Like, from what I see from, you know, my time so far in this industry has been, you know, people retire and they get, they enjoy doing nothing for a couple months and then they get extremely bored. They have to reinvent themselves to find new purpose. They have to find new hobbies. They have to go work part time because they enjoy maybe, you know, talking to people, meeting people at whatever job, like, whatever it is they do that gives them purpose. They need some sort of purpose in retirement. So I think that's extremely important to think about. There is no such thing as retirement. You just reinvent yourself as a human being with new purpose. So I don't, I don't believe there is such a thing in retirement anymore as retirement. Yeah, you know, I agree. And, you know, and if you're out there and you're, you're approaching retirement, it is, you know, it's, it's a process. You know, it just doesn't happen overnight. You know, I see this a lot. You just kind of wade into retirement and, and kind of figure out, you know, how, how it feels. But, yeah, you know, it's. After a while, if you, A lot of people spend a lot of time with their families and that's a good thing. A lot of people are, you know, watching their grandkids a lot and things like that, but the people that don't have that around, you know, it's, it's very. It can be a process just to get in and find your groove and, and that's why the, the planning is so important, because it kind of gives you a framework of what you know you can and you can't do. Even though. Yeah, I've had the same conversation as Tony many times. You know, like, you are going to be okay. You are, you know, you can spend this amount. It's, it's, it's, it's plenty planned out for. Right. And I mean, when you build, when I build the plan and I even say this like, hey, we're putting 6% rates of return in your portfolio, right? Well, like, well, are you just trying to get me six? I'm like, no, I'm trying to overshoot. But I'm. But the planning software wants to know what the average rate of return is because obviously we want to overshoot and projected market returns are going to be higher than that. But what if it doesn't happen? I want to kind of plan around a tone down expectation so that we're not just firing high and then something bad happens and then it's like, oh, man, sorry, you've been retired for five years, you got to go back to work. I also have you living longer. Right. The mortality rates are somewhere around 85. I'm living in 95. So conservatism is built into the plan. And you, you know, me, Derek, Luke, we understand that because that we live and breathe this stuff. It's constant education with our clients to make sure that they understand that too. And that's why we're here. Right. And to continually re. Educate and let them know that we're not asleep at the wheel and that you, you know, there's no dumb question when it comes to your finance because it's your livelihood. You spend your entire life building this. You want to have a successful retirement. You don't want to stay up at night thinking of about all this stuff. The only dumb question I have is what happens in 2029 when all the encryption we ever have known gets broken and all of us are exposed forever? All right, conspiracy theory corner. All right, conspiracy. All right, all right. So help me understand, guys. Essentially, set it up. The current system, we have a binary system. Ones and zeros, essentially. Is that like code? It's like, is that like, like C proment? Yeah. Everything, everything in computer outside of quantum computing is programmed with ones and zeros. On and off, left or right, up and down, binary. Right. Quantum computing changes things. Quantum computing essentially can use both numbers, ones and zeros, simultaneously at the same time. So the current encryption we have going back since the 1970s, essentially the current computers it has to do go through like 293 times 10 to the 84th power or something types of codes to break it. It takes like 2 billion years for the current system computers to be able to break an encryption that's on your emails, that's on your medical records, that's through every text message you've ever sent. In 2029, apparently the computing power with quantum computing will be able to break that code essentially instantaneously. Everything is broken in 2029. So the encryption, we have to figure out how to re encrypt things through a quantum computing method to make sure that that's not able to be broken. So my question is what happened? So, so. All right, so I mean I've heard this story before, Derek, you and I, what is the y2k like the computers are going to, they don't know how to understand going from 1999 to 2000 and everything was going to shut down and. Right, so I've heard this before. So what it's called the quantum y2k is what this is. So what, what, so what's the what? Why 2029? Help me understand that. Where do they pluck this number from, Derek? I think is this a quantum, is this a quantum physics calculation on top of quantum physics? Well, that's, that's the calculation for when quantum computing is going to be able to break everything. So you know, it's like think of it this way, you know, like if you're watching a Mission Impossible movie, right? And they're trying to break, break into a bank, right? And they put in that little computer chip and it just like runs all the codes, right? And like in Die Hard we're going way back now, that took you know, seven hours to break that code, right? Now it's going to be instantaneous. So you know, think about, you know, when you log into your bank account, you know, someone with a quantum computing program can just directly hack into your account. They can break right in because the security is in a binary code. But they're using quantum computing to break it, right? So that's basically when, when the, the technology is going to, to break the old system, right? So this is repercussions if we can't. Figure out how to re encrypt things. Things like Bitcoin that are encrypted in that old school kind of encryption is broken that makes it completely unuseless and unvaluable, right? Bank accounts like you hit on medical records again, text messages, everything is not private anymore. Every. Everything's in a database that someone can, can, can access. So this is a big issue that's kind of not being talked about. It's only four years essentially away. You know, the question is, is that someone already developed a technology to kind of go against it and re. Encrypt things, or are we still trying to really, you know, get to the point where we're able to do that? Maybe AI can help us get to that point, but then if AI can help us, yeah, I can also hurt us. So we're almost in this kind of doom loop with that. Very interesting. I mean, so all this stuff, the conspiracy theory, like Derek's got us on to. What's it called? The Y Files. The Y files, yeah. Okay. On, on, on. On YouTube. And, and now Luke is completely hooked. He watched them all over the course of last week is what I heard. So, you know, essentially the Y file, the one part that I heard he, you know, as I was listening to this, is the, you know, our government or whoever's watching this on our side of the equation is not really trying to. They said this, this was the, this was the weird part where they're like, we're not. They're not trying to figure out how to stop it, prevent it. They're trying to figure out what it looks like on the other end. Yeah, right. Because they're like, hey, we might not be able to stop it, but what does it look like on the other end? So martial law steps in again. That's why you want physical gold and bullets, because things might be shutting down. It's talking about how you go back to like, what's it called? Analog system. Yeah, yeah. You're gonna, like how you're gonna be thrown back. You're gonna be thrown back 50 years. You're gonna be thrown back 50 years. Because no one can do anything digitally. Because it's just there was no computer Back to. Again, 50s, 70s. Like it was. Everything was by hand. Right. And stored in paper files and all this stuff. Right. So it'll be fascinating. I don't know. It's scary to think about. So that's why I'll go back to the gold. You know, if you don't think this stuff's going to happen, digital is fine. Right. You can, you can have a. You can participate in the ups and downs and gold through. Well, what happens to our money? But what happens to our money, like if we aren't transacting in paper dollars anymore and. And all of our. Are just numbers in a Bank account. Like, what happens then? Like, it. That's something crazy to think about. Well, I mean, think about what the. The Walking Dead. Like, I mean, that the world shut off, dude. Yeah. And what. What. What. What did that movie. What did that series show us? You better have land. You better be able to fortify it, and you better have guns. Yeah, that's. That's it. I mean, the only minus. The only minus part is zombies out there trying to eat you, right? So. So hopefully America, talking about America and our guns and our land, you know, hopefully we get this dub in hockey against Canada. Did you see that hockey game a couple days ago against Canada? We won three to one. First nine seconds. Three fights breaking out. I don't think some intensity. They boot our national anthem. Canada's about to be a 51st state, so I wouldn't do that. The first game was awesome for the. For America, for Americans. All that fights. They came out and just like they were. They caught him off guard. Here's the problem. Canada's not going to be caught off guard this time. I mean, you saw that when they played, what, Finland on Tuesday. They scored four goals in the first period, man. Like, they're ready to beatbox us. And here's the other thing. I think the Americans lost, like, two or three good players already, so we're. We're depleted. And. And I don't think they're ready for this one. It's gonna. I don't think it's gonna be. I don't think it's gonna be good. I don't know. Just don't do our national anthem. Not cool. Yeah, I thought it was kind of WWE style, little heel stuff. I. I thought it was. I thought it was fine. One of the coaches said, like, hey, yeah, we had a fight, and then a hockey game broke out. That was funny. But NBA players can't play back to back. No. All right, well, good stuff this week. Hopefully the quantum computing doesn't ruin this episode. Yeah, we got four years. Have. Enjoy. But if you guys have any questions, comments, show ideas, hit us up@infowpconnect.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. 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.