How To Outperform Your Financial Advisor | Cashflow Hacking Ep #20 Tim Picciott
Timothy Picciott, founder of The Liberty Advisor, joins us on the podcast to discuss the sequence of returns and the hidden dangers that it presents to your retirement portfolio. As a registered financial advisor, Tim has dedicated his life to helping others learn to both think and invest contrarian, and now shares his strategies with Casey in order to help you do the same.
Video Version Of The Podcast
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This is the CashFlow Hacking Podcast with Casey Stubbs where you will learn the tips, tricks, and strategies to increase your cash flow. And now your host, Casey Stubbs.
Casey Stubbs: 00:21
Hello, this is Casey Stubbs and today we’re with Tim Picciott, the founder and CEO of The Liberty Advisor. He’s a certified financial planner. Thanks for being on the show with us, Tim.
Tim Picciott: 00:33
Thank you for having me. It’s an honor to be on your show Casey.
Casey Stubbs: 00:36
So you’re a financial planner and you call your site the Liberty Advisor. How did you come up with the name Liberty Advisor?
Tim Picciott: 00:45
Yeah. I’ve always been into, into freedom and then really kind of if I go down the rabbit hole of how I, how I got into all this is, you know, I was on a class that won the national competition on the Federal Reserve. You know, I was really brainwashed into, you know, thinking everything they’re doing is great thinking that everything that was coming out of Wall Street was great and really admire these guys. But then I graduated in 2008 and everything that they had told me, you know, couldn’t happen. I was basically right in the midst of actually started my career, September 15th, 2008, which was the day Neiman Brothers went down and then one day a guy happened to asked me, he’s hey, you know the Federal Reserve is private and I thought it was full of crap. Went down this whole rabbit hole, found out that he was actually right and then ever since then came more of like a freedom activist and so liberties, you know, both in the, you know, the freedom sense, but also, you know, freeing, you know, you can’t be, you can’t be free, you know, if you don’t, you know, (not clear) to other people and if you don’t have (not clear) money.
Casey Stubbs: 01:50
Yeah, that’s very true. That financial freedom is really important. But also having an understanding of, of truth around you is important too. Because you said that you didn’t believe the guy, who told you about the Federal Reserve yet you went and researched it. I think what I’ve found is a lot of people, they won’t believe you, but then know you hear something that’s counter cultural. That rather than doing the research to find out whether they’re right or wrong, they’re just gonna dismiss it. Not say anything at all. Just say no, that’s not true or not do the research to find the truth.
Tim Picciott: 02:25
Absolutely. I hope that everybody who’s listening to you right now doesn’t believe anything I say and they’re going to research it for themselves, but if you don’t want to research it, then they can just take my word for it. But you know, ultimately, you know, you can lead a horse to water, but you can’t. Some of this stuff sounds really crazy. And so you actually dive a little deeper and then realize, oh wait, you know, that here’s the guy that maybe isn’t so crazy after all. And now a lot of the stuff that I was saying, it sounded crazy 5, 6, 7 years ago. Now, I was like, commonplace. So, you know it’s good seeing, you know, society is starting to shift and realize, you know you got Kanye West out there just the other day saying, we’re all mental prisons and you know, we’re basically conditioned to think certain ways and we’re taught what to think. And so it’s great that people are finally starting to realize this, even if it’s not as much as a %age of what I would like it to be, at least I think it started heading the right direction, but you’ve almost got two sides going on. One side is digging in deeper, you’ll get more enslaved, you’ve got the other side who is trying to fight back against this, but you know, we’re being censored online and all sorts of other stuff that’s going on.
Casey Stubbs: 03:26
Yeah. And I have a very similar situation as you is, I ran into someone, we had a conversation, he was telling me things about the IRS and about the tax policies. And I basically told him he was literally crazy. I mean, I told the guy he was nuts and I ended up researching it on my own and I found out he was right. And so you just, the crazier it sounds that means is do more research. So anyways, where I want to focus on, on financial stuff, because this is a financial. I want to help people get that financial freedom. I want him to make good financial decisions and you’ve been working with the Crypto space right now. How do you recommend people get involved with Cryptocurrency.
Tim Picciott: 04:16
I mean first off, like anything else, they should know what they’re getting themselves involved with before they invest in it. So just don’t, I mean I’ts various size really from about Thanksgiving timeframe to Christmas things that really stupid, where all of a sudden everybody was asking me about Crypto or asked me about pig point and the only reason they wanted to get into it because they heard the price was going up. And so I’d asked you what do you know about it? like well, you know I heard it can go a million dollars a Bitcoin? And so that is the worst reason to get into it. That, you know, and again, it really what you should be doing is you should have some sort of game plan where you say, okay, you know, I’ve got everything else set aside. I’ve got a plan hanging down there. You know I’ve got a plan for saving up for a house. I’ve got a plan for putting away money for retirement. And then you should take some extra money after you’ve researched this, so then you know, decided to do something you want to get into or not. I do have, you know, as an offer for your guest, if you go to thelibertyadvisor.com forward slash of finance and markets, I’ve got a Crypto video guide on there as well as a few other offers as well. All three were, it’s what I, it’s about 12 hours what I deem are some of the best videos that I’ve run across. So it really kind of catch people up to speed. Even if you are, you do know quite a bit about this and think that people would still benefit from watching these videos. But if you don’t know a lot about is I’m actually in the midst of starting up a company which should be live any day now. Arizona just needs my fingerprints, but they have to a whole big story of how long it’s taken forever to get this done. It’s because his government and anyways, we should probably by the time people watch this, we will be live. So this is right now we’re in the first week of May, so if you’re watching this and it’s, you know, June 2018, odds are are to be live, and you can contact me and we can actually help you invest in a Crypto currencies and that where you can help leverage my knowledge in this space. And how would you even do Crypto IRAs as well through the self-directed IRA approach.
Casey Stubbs: 06:14
Okay and so then Cryptos is much different than the traditional stock market type IRA. Are you thinking that that’s like, is your analysis saying that you believe it’s a better investment than in the stock market right now?
Tim Picciott: 06:27
I mean I wouldn’t put probably more than 10% of my net worth into something like this and there actually is some research that was out there that Tom Lee of Fundstrat who was a former of a Quantum JP Morgan. He can also some research where basically it showed that someone who had a typical 60 40 portfolio and then I compared it to somebody you had, you know, and what I mean by 60 40 is 60% stocks, 40% bonds. I’m sure a lot of people already know this but in case you’re new to the show, so then if you had an one where you had 58% stocks, 2% Bitcoin, and then he had another example where it was you know, 5 55 and then 5% Bitcoin. Then another example where it was 50% stocks, 40% bonds, and then 5% Bitcoins and 5% just in general index of the top 10 largest Cryptos out there and what they found was in the 58 in the 2% Bitcoin example, it actually decrease your overall volatility, which sounds crazy, but because it’s not correlated to the stock market are correlated to other assets.
Tim Picciott: 07:28
They found out that putting it 2% allocation to Bitcoin actually decrease your overall volatility, decreased your max draw down and greatly increased your returns, and there was the same story all the way up until 10% or 10% only barely increased your volatility where like trip almost tripled your return. I do a video on this as well that I did make a kind of breaking down the numbers a little bit better, but I think it’s, you know, it’s a way that this technology is, is absolutely game game changing. I think, you know, there’s probably 2000 of them out there right there around round the 2000 and this probably 1,950 of them that are trapped and should go to zero. And just like in the dot-com bubble, you know there’s a lot of headstock homes, there’s water trap that was out there. But if you held on to, let’s say Amazon, you know, they’re like most of your time of freedom, the freedom oriented companies out there. But if you had an Amazon or Apple or Google, it was a trifecta in Freedom Party. But if you had those companies and you wrote it out, you know, today you’re sitting pretty and yeah, one point Amazon did go down to like 3, 4 bucks, but now I’m not sure where it is today, but it’s probably closer to $2,000. So, you know, take caution, especially if you’re close to retirement, you don’t want to just be throwing all your money into this, but you know, working with somebody like myself can you know help you assess what might be appropriate allocation and it’s just trying to hedge your bets. So maybe you put, you know, 5 to 10% in this pocket, but then, you know, there’s other pockets we have to create as well because I think we’re in a crazy time period right now and I’m not sure tomorrow to segway into, you know, some of the contrary to use the stuff that I think are going on right now. But uh, I think that, you know, there’s a big, a lot of complacency in a lot of people are thinking about things that never been better. And uh, I don’t really buy that, which is one reason why I like Cryptocurrencies.
Casey Stubbs: 09:21
Yeah and when you say contrarian views, I’m not really sure exactly what that means. So I will ask you about it, but I was just reading this morning an email about all the crazy activities that’s happening with business investing. Like companies like Uber and Tesla companies that are losing billions of dollars and yet we have these angel investors that are throwing millions of dollars into these companies and the, and they’re just wasting money. Their act, they’re partying, they’re doing crazy things and to me that’s like a sign that we are in. We’re in for a wake-up call.
Tim Picciott: 09:56
Yeah a lot of this was really started by Central Banks to from 2008 to 2014, at least here in America. We’re printing just absolutely insane amounts of money. And then as soon as we stopped printing money, literally like 2 or 3 days later, the Bank of Japan started printing these, granted their program exponentially. Then about 2 months after that, the European Central Bank started printing money. And so it sort of like hot potato where you know, okay, America it was your term is to make the economy for 7 years. Now we’ve got to let the rest of the world do it. And now I’m going to segue into this right now, but you know, I see what the central banks doing is completely distorting the market. And when you distort the market, you then encourage people to throw money at things that people don’t deserve, to have money thrown at them. And at the end of the day people will lose a lot of money. And I think what the Fed is doing right now is really the, could be the absolute catalyst to help pop this pop, this bubble.
Casey Stubbs: 10:55
Okay, well that’s good. So the bubble, it’s a contrarian view that’s really good. But if you’re right, what are the dangers that people that are retiring and a face and what can you do to diversify and protect yourself? Uh, it seems like there’s maybe nothing you can do. You just gotta suffer like everybody else.
Tim Picciott: 11:15
Well I don’t, I don’t think there is nothing you can do, but you know, the people who are gonna be hardest hit by this are the people who are like, what Prudential calls the Retirement Red Zone. That’s somebody within five years of retirement or somebody that’s already within their first 5 years of retirement. And as far as everyone listened to, I listened to like a few minutes of one of your previous guest. And he asks, you mentioned sort of stole my thunder a tiny bit because I was gonna mention sequence of return risk and I think that is the one of the biggest risks people face because it doesn’t really matter what your, what your average return is, it only really matters what the order of your returns and what are the best examples of that that I can give. And I do have this, this, another full presentation as an offer for your guests as well on thelibertyadvisory.com
Casey Stubbs: 12:01
And this slide. We’re actually gonna show this slide to the one with the sequence of returns slack because you sent it ahead so it will show this on the video also, so…
Tim Picciott: 12:08
Awesome. Yeah, so there’s three of them that we had and one of them, what it shows is if the market goes down, let’s say 20% and you’re withdrawing 4%, which is a typical because we are all, a lot of people have heard of the 4% rule where you take out 4% of your portfolio and then that’s supposed to get you in a nice safe retirement. The problem is if you’re already withdrawing funds and the market goes down 20% over the next 3 years, you have to average 42% or you have to make 42% just to get back. And so for a lot of people, if they’ve already taken on more risks than they can handle and the market goes down, they’re gonna sell at the worst time possible. I’d mentioned I came into the business the day Lehman Brothers crashed. Prior to that, I was running my school Student Management Investment Fun. I didn’t, I wasn’t really aware of the Austrian Economics and all the freedom stuff that we’ve already mentioned before but I was in charge of the financial stocks and I just didn’t really believe what was going on. And I put that entire allocation into treasury bonds and we had one of the and I got chewed out by everybody. This is 2007, remember November 2007 again, I graduated in 2008. That fund had one of the best returns in all of America, meaning they lost the least amount of money because it was 2008. And now what I see going on is, you know, even even worse, but getting back to sequence of return risk, you could have two investors that both average the same return. So they average a say in this example, 5.1% the 60 40 portfolio which on the $50,000 per year.
Tim Picciott: 13:32
And so one person starts off with 3 bad years and then has 7 good years and one person starts off with 7 good years, then has 3 bad years and you’re just the inverse of each other. And what it shows is one person ends up after 10 years with $630,000 and the other person ends up with a little over a million and they both average the same return. And probably the craziest example, this is another slide that we have here that shows again the 60 40 portfolio. They’ve all started off with $500,000, went on a little over 4% per year and one person retires in April of 1970. After 30 years, they end up with a little over two and a half million dollars. Another person retires one year earlier in April of 1969. They, after for 30 years, portfolio was right around half a million dollars. It started at another person retired January of 1969 and they ran out of money and so they all do the exact same thing.
Tim Picciott: 14:24
We’re investing the same indexes. And one person ran out of money after 30 years, had no money lefts, another person who had two and a half million. So I’m trying to help people manage the sequence of return risk. But that’s not the only risk that’s out there. You’ve also have interest rate risk, meaning when the price of when the interest rates go up, the underlying value of the bonds go down. And I see this absolutely can rehab it with people. So if you’ve got a million dollars in a 10 year bond fund rates go up 1%, your principal now goes down to 900,000 now after 10 years your money back. But by then the forces might already be out of the barn, so that’s one of the biggest risks that I see out there and I, and really kind of a harbinger of what could pop this bubble is a 2008, started over a debt crisis and now we’ve got more debt than we had back then.
Tim Picciott: 15:15
But I had already mentioned the Federal Reserve was buying bonds. Well now they’ve actually started, I think last October, they started selling bonds and every three months that are ratcheting up their program until they get to $50,000,000,000 a month. So right now we’ve got the Fed selling roughly, I think it’s about $30,000,000,000 a month, within, within a few months that’s going to be ratcheted it up to 40,000,000,000 to 50,000,000,000 but its gonna cap out. And you also had the backdrop of the Treasury Department right now is having the issue over $100,000,000,000 a month in treasury sales in order to finance the debt. So traditionally who is the largest buyer of our debt? It was the Federal Reserve. Well, now the Federal Reserve is not only not buying that, but now they just started selling that. And then who was the second biggest buyer? It was China. Well, China and Japan. We’re basically, you know, telling China to go take a hike and so are they gonna be, you know, you know, jumping up and down to, you know, start bringing on more and more of her debt. And the third biggest buyers is Japan, who has the highest debt to GDP ratio ever. So you know, if 2008 was caused by a debt crisis, you know, the debt crisis that eventually it will be coming in. I don’t know, the timeframe on this, is going to be even worse. So people who are close to retirement, you need to talk with somebody like myself or other guests to help them manage sequence. That sequence of return risk and some of the other risks that are out there.
Casey Stubbs: 16:40
Okay, I actually have two questions based on what you just said and so I’m just gonna hit one at a time so I doesn’t get too overwhelming. But the selling of bonds and the US is selling bonds or instead of buying and China’s not buying anymore, what does that actually, what is, what is gonna be the result of that to, to the economy?
Tim Picciott: 17:06 I mean, the result is going to be, we’re going to have to pay more money to finance our debt and what we’ve seen already is I think at one point the 10 year was around 1.3%, maybe not even like a year and a half ago. I don’t have the exact number off my head. It’s around there. But now the 10 year treasury is closer to 3% or, or last week actually did cross 3. And so we’ve had the treasurer, we’ve had the Federal Reserve and not looking at the numbers right now, but I believe they went for a $4.5 Trillion balance sheet. So now they’re at $4.35 Trillion, so they’ve only had shed a $150 Billion and it’s caused the interest rates go from 1.2, 1.3-ish over to 3 and they’re supposed to take it down another to 2 Trillion. So that’s like if you’re 500 pounds and you’ve lost 5 pounds and you’re telling your doctor, it’s like you’re at like a heart attack level and you’ve only been in, you’re telling them, hey, we can’t do this. It’s an insane. But, but you still weigh 495 pounds. You got another 200 pounds to go. And so, you know, basically were getting sentenced to this, you know, traces mode, and we barely been able to even scratch the surface. And it just came out last week that the Treasury Department, the first four, the first quarter this year, racked up another $488 Billion of debt, which sets a record. And it was the second most amount of debt ever for a quarter the most was the 4th quarter of 2008. So if this is happening during “boom time”, just imagine what it’s gonna, what it’s gonna be like when, you know, if we do go into recession in another year or two and all of a sudden we gotta sell, you know, 2 or $300 Billion a bonds a month.
Casey Stubbs: 18:43
Okay, so now I actually still think I still have 3 questions to get to really get things cleared up for me personally. So you’re saying that the interest rates is gonna be, it’s gonna cost more to, to fund, to fund money into buy financing. Now is that gonna hit our economy in a negative way and is it going to be like a currency situation where we’re going to see a currency crisis as with the dollar. And so I’m kind of thrown in a couple of questions and then if there’s a dollar crisis in a currency crisis, could that then be an opportunity in Bitcoin? If the dollar crashes, Bitcoin could move?
Tim Picciott: 19:27
The first, because I’m not really worried about the first response is gonna be. I’m often worried about what the response to the response will be. If that makes sense. So you know, I fully imagined I fully envision a scenario where the Federal Reserve is not only are stopping their program of selling bonds, but they’re actually gonna start probably at some point. Actually, reversing course if I hadn’t buy bonds again that at when it comes to that point it’s just, you know and I sort of, cause in a rational world you can make these types of predictions, but we live in a very irrational worlds And I think one of the best examples is in 2011 when I think it was Mody’s downgraded or that in August 2011. And if you would have had inside information on that, you would have thought that okay, we would maybe short the treasury market. Well what happened is it actually some people.
Tim Picciott: 20:17
So the Modys came out and said our debt wasn’t as viable or wasn’t as safe anymore and then people didn’t flooded into buying more treasury on. So people are always doing, you know. So in the beginning the response might be the dollar might actually get stronger because people panic. They might leave the stock market to go into the bond market, so temporarily it might be a good move to be in cash or being a in bonds, but ultimately once investors realized that, wait, you know, we’re gonna have trillion dollar deficits for as far as I can see, and there’s no way to pay it back. At that point, I think there could be the dollar crisis and people could be rushing into Cryptocurrencies, but in, know in the beginning when all this stuff happens, I expect to grip it was probably go down as well, being a risk asset, but it’s kind of that response to the crisis which, which will then be a great time to get in. Okay, great, Crypto go down 70%. Okay great, that’d be fantastic times to jump back in. And yeah, there’s just a lot different ways that this can really shake out. And I just heard my daughter screaming..
Casey Stubbs: 21:17
Okay, well that’s perfect because it leads into one more, one more thing for me. And that is, people in on the 5 to 10 year horizon, is there any, for their retirement, what steps can they take to help them with their risks? Especially when you talk about the, I forget what you call it, the sequence of risk.
Tim Picciott: 21:37
Casey Stubbs: 21:38
What can they do? Like specific actions can they take?
Tim Picciott: 21:43
So I think the first thing an investor should really do is try to figure out how much risk they can actually handle. So you know, I do have a tool on our website, I use a program called Riskalyze and what Riskalyze does it tells you on a scale of zero to a 100 to see how much risk do you actually can handle. So let’s say you can only handle a 50 risks in your portfolio because what you don’t want to happen is you don’t want to have too much risk and not because what psychologically what happens is people can only really tolerate about 6 months worth of in adverse market returns. So in 2008 like environment, when everything goes down, by the time march rolled around, a lot of, a lot of the weak hands had already capitulated. They’d already sold and so great. And now they sold when the market was that, you know, the SMP was at 600 points or roughly, so you wanna make sure that you’re not gonna be in a position to freak out and then you wanna have some sort of financial plan to say, you know, ultimately you should be investing in what you know.
Tim Picciott: 22:37
So you shouldn’t be taking any experts advice. You know, it really should, you know, really want to invest in what you know and don’t get into things that you don’t know. But you should have a plan that says I planted some sort of income. So what I think the best thing to do is let’s say you need $50,000 a year to live off of worst-case scenario in retirement and you’re getting 20 from social security and 15 for a pension. What’s the safest ways, so to speak, to get that extra 15,000. Make sure you atleast cover with some sort of guaranteed income or some sort of, whether it’s dividends or whether it’s rental real estate or whether it’s, you know, anything. Make sure that you have a way to get an amount of income you need and then let’s say you got another 30% of your portfolio that that’s where we can make speculative guesses in terms of, you know, maybe gold miners are maybe foreign stocks to hedge and in, in some example, I actually think that this is an example where the stock market could go through the roof and it sounds counterintuitive, but in Germany, in the early 1900s, they had their currency wiped out three separate times.
Tim Picciott: 23:42
So I think they had the goldmark then the red mark and the rise mark. And so if you’re holding back sitting in cash, aka the goldmark you’re wiped out. But if you were sitting in Mercedes Benz stocks when now your Mercedes Benz stocks was now priced, went from being price gold mark to being priced in red mark to being priced in the rise mark to being priced in the Deutsche mark, them being price in Euros. Whereas, so it’s a way to, you know just like in Venezuela, their stock market in local term, local currency terms had been up through the roof. But so is there inflation. So you know, I’m painting a scenario where there’s really no way out of this, there’s no way for the Federal Reserve to undo the damage that they’ve already done. And I’m saying this as somebody who was on the class that won the national competition on the FED and someone who also is one of the youngest people ever to pass the CFP exam.
Tim Picciott: 24:32
And there’s no way you can put me in charge of it. I just go and shut it down. There’s no way and really, this is my, the biggest problem that’s out there is the Federal Reserve System is ultimately high tech slavery because the first dollar that was ever created December 23rd, 1930 had interest on it. And so at the end of year 1, we owed a dollar for on the first dollar that was created. So how do you ever pay back a dollar for with a dollar? And then you’ve got to borrow another dollar, another dollar. And so because the money is backed by debt, you can never actually get out from underneath the debt and it creates this high tech slavery. And eventually after you know, a hundred and 105 years of them, you know, distorting the market, eventually it’s gonna get to a boiling point and I don’t know how long, you know, kind of already support, the Trump getting elected.
Tim Picciott: 25:23
What it did was it basically delayed all this because a lot of hope and optimism was out there and I champions and campaign, you know, just about as hard as anybody to get him in there. But I wanted him in there because I wanted him to pick up the pieces and I didn’t want Hillary to be out there putting me into a FEMA camp. So not because I thought he could like somehow advert all this but what every time the Fed. So it’s like we went through like this, like just like perfect this black hole or this hurricane and now with the Federal Reserve printing more money, it’s like we just increase the radius of like the eye of the storm. And so, but we also are making the storm bigger. So eventually once we, you know, we got through the first part of 2008. But now we just kept making it bigger and bigger and bigger, and eventually when we hit the other, the trailing edge of this hurricane that’s gonna be, it’s gonna be even worse than it was. And is, however the government response to this is what I’m really worried about. But ultimately I think there’s ways to make money from this and I think there’s ways to prosper and was probably way ahead now today.
Casey Stubbs: 26:25
Okay, so, my takeaway here is to protect yourself from risk, is to find other sources of revenue rather than trying to sell at a bottom point.
Tim Picciott: 26:38
Absolutely. And another thing that we’re launching to is and it’s funny that I didn’t, I didn’t know that your previous guest was Kirk Chisholm, but I’m actually in the process of joining his IRA right now and they have different strategies that are out there, different protected growth strategies where they can, you know, essentially using options hedge the downside where your, if can, if your financial planning can only handle, let’s say, a 10% downside risks, then we can basically build a portfolio where the max draw down will be 10% and then you get most of the upside because also what you want is you want to, everybody wants, you know, mostly upside. They don’t want to take out any downside risk and that’s what we are doing. And I think for people that are 30, 40 years away from retirement doesn’t really matter, but if you’re close to retirement than I would heed this warning because, you know, you’ve got essentially if people got really lucky that it didn’t happen, you know, 2 or 3 or 4 years ago, which it could have and now you’ve got more time to prepare. If you’re listening to this now, still have time to prepare, it’s not too late. And, you know, again, no one has a crystal ball how it’s going to shake out, but there’s no, I don’t really see any rosy scenario of how they’re gonna get themselves out of this. It’s either, we have some sort of deflation and that has its own problems or we have this inflation in the, you know, average American’s, it’s more or every other year. I mean there’s really no great way out of this.
Casey Stubbs: 27:59
Well Tim, thanks a lot for all the great information today. I’m actually gonna start on my page that I’m digging to try to protect myself from all of this. I’m just kidding. You have shared some really good information. I had a lot of extra stuff I wanted to talk to you about, but we ran out of time so that means I’m gonna have to have you back in the future because it was really fun talking to you. Bu we’re gonna have all your information posted below the podcast on the website, financeandmarket.som. We’re gonna have it in the Youtube channel. We’ll gonna have it on the podcast information so, so they’ll be able to get it. But could you just tell everybody right now, how that they can get in touch with you, what websites to go to to get your tools and to get those videos and the sheets and all of that stuff.
Tim Picciott: 28:51
All right. So if you go to thelibertyadvisor.com/financeandmarkets, I’ve got 3 offers for your listeners. One is going to be the Crypto reference guide or Crypto video guide where it’s, where I think our, you know, some of the best videos out there explaining Cryptocurrencies. The next was a full presentation on sequence of return risk, which I think it’s an 18 minute presentation, where it’s all videos and charts and of all this different stuff. And then the third was a little book that I wrote. It’s only 18 pages called the, How It’s Read. The economy where we get into how the government and the store to see inflation data, the unemployment rate and GDP data because you know, all this. And that’s something we didn’t really get into too much today. But you know, when Trump was president, he called this the unemployment numbers, the biggest joke of all time or such phony numbers.
Tim Picciott: 29:41
And now today he’s out there touting, you know, 3.9% unemployment numbers. Want to know the worst numbers. If you want to know what the, what’s the real story behind these numbers are. I couldn’t find a good place for it. So I was like, screw it, I’m missing a Mayo. And so if you want a nice boil down to how to do this or refute your friends who were talking about how great everything is and really I’m sort of way is, I don’t really care, you know, if you know about the Democrats or Republicans asks why it’s TheLibertyAdvisory.com that’s how you guys can get ahold of me. Got a Facebook page too. So yeah, so just get ahold of me there.
Casey Stubbs: 30:16
Is your podcast on that page too?
Tim Picciott: 30:17
Yeah, they should be able to get a hold of my podcasts on there as well. And that’s how the site is still, you know, it’s still a work in progress because I had to make that your listeners don’t know, but I left my prior firm because I wasn’t allowed to speak on Blockchain at a conference. So I had to leave the firm that I created. Now as soon as the government, you know, grasping the approval, which should be any day now I’ll be back up and running. But yeah, that website has more enough information on all sorts of different subjects, whether it’s retirement investing, Crypto economics, stuff for millennials to be a, you know, a good one stop shop where you’re going to get a different perspective of the story. You’re not, you’re not going to get the CNBC perspective with me. So if that’s where you’re looking for it, looking for the CNBC perspective, sorry, not, not for you, but if you’re looking for the good contrarian information, then hope…
Casey Stubbs: 31:06
Well, all I gotta say is, you know, well have that liberty website up as soon as the government gives you approval. That will be great. We’ll have freedom as soon as you get that rubber stamp from the government.
Tim Picciott: 31:17
Soon as the crown says I can go, we’ll be gone.
Casey Stubbs: 31:21
I was being a little bit sarcastic there, but yeah. But anyway, so thanks a lot for coming on and it was really, really fun talking to you.
Tim Picciott: 31:29
Thanks for having me Casey.
Thank you for listening to the Cashflow Hacking Podcast. If you want to get the show notes, just visit our podcast page at financeand markets.com.