Join Bill Gundersen in this insightful episode as we dissect the recent trends in the stock market, highlighted by the surging gold prices and market rallies. With critical analysis, Bill provides a deep dive into the factors influencing these movements, including the fear surrounding tariffs and the unpredictability of market tops. Listen as we explore the nuances of navigating such a dynamic landscape with strategic investment planning.
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 04 :
And welcome to the Monday morning. Let’s see, we are at September the 29th already. It’s the September 29th, Monday edition of the Best Stocks Now show with professional money manager Bill Gunderson. Not sure what happened here. The Dow was up 300. Now it’s down 50. Something turned around there. We’re at 46,192. The NASDAQ, on the other hand, however, is… Oh, by the way, this is Bill Gunderson, president of Gunderson Capital Management. The NASDAQ, on the other hand, is up 193,22,677. I don’t believe that’s a new all-time high. Answering the question of was last Monday the high of the market, well, we don’t know yet. If it exceeds this week, that old high, then it wasn’t. But if it never hits that high again, then it was. And there’s two types of tops in the market, and we talked about that in the newsletter over the weekend. The S&P is up 40 basis points right now. Gold is hitting a new all-time high. Man, I’ll tell you what, what a rally for gold. Do you know how much the gold reserves of America have added? I think it’s a trillion dollars over there at Fort Knox. Well, I mean… Make America wealthy again, right?
SPEAKER 01 :
Yeah, I mean, it was in that trading range of like $3,500 to $3,250, and then you called it once it broke out of that $3,500 range.
SPEAKER 04 :
I mean, it’s just been a rocket ship ever since.
SPEAKER 1 :
$3,849.
SPEAKER 04 :
So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. A fee-based only nationwide firm, money management firm. And this is going to be a very active week in the market once again. You know, it would be nice to just be passive and just report today. Your birthday is this week. You’re going to turn 65. You need to move one more percent into the bond market. So you have 65% and you need to lower your exposure to stocks by 1%. We’ll talk to you again next quarter, 90 days from now. Well, you know what? I just don’t buy that Kool-Aid. I have never drank the Kool-Aid. which is pretty prevalent out there on Wall Street, and I’m sorry.
SPEAKER 01 :
It’s hard to not take a sip out there, right? You might fall right into it.
SPEAKER 04 :
It would make my life a lot easier. I could just say, here’s what we’re going to do in 90 days from now. I’m going fishing. All right, well, we have a good start to the market so far. The question I asked two weeks ago was, is this the top? Now, I don’t mean the ultimate top, the end of the bull market that began in 2009. We’re talking about this little uptrend within the bull market here that began on April the 9th of this year and has carried the market. This is one of the most torrid runs in the market that I’ve seen today. In my career, 25-year career as a professional money manager, and at some point there will be a top to this latest rally, and we will level off, and then you’re liable to see a correction, maybe 10%, 20%, 15%. Who knows? We take it one stock at a time. We don’t know if last Monday. Last Monday the markets hit new all-time highs. We could go today. And then failed to match those numbers throughout the week. So right now you could make the case that last Friday or last Monday was the recent top in the market on this bull run. But we’ve got to give it time. You know what? Every time we think there’s a top, Barry, it goes on to make new highs. I thought gold had made a top at $3,600 several weeks ago. Months ago, maybe. Maybe it’s been seven or eight weeks. And I did cut my gold position, our gold position, in half. And I kind of regret it. We also had a big gain in Agnico Eagle, AEM, which we sold. One of the best gold stocks in the entire market. And, well, I got back into it, Nico Eagle. Sometimes you have to admit you’re wrong. You have to swallow your pride, be a man, man up, say, you know, I was wrong. And we did keep, though, the other half position in our gold position. In our portfolios, it’s been the best performing asset class this year.
SPEAKER 01 :
Yeah, and some of the momentum came out of it. I mean, it was in that range of $3,500 to $3,250 essentially from end of April to September 1st. But since September 1st, gold is up 9.5%.
SPEAKER 04 :
Well, my theory was that gold was moving on the fear of the Trump tariffs. And we seem to have most of the tariffs settled for now. You know, they are where they are. They don’t look to be moving. And I thought maybe, and gold did cool off considerably. But then all of a sudden, boom, shakalaka, it took off again. And I said, you know what? So here’s what gold, the gold rally has lifted the U.S. reserves up. Don’t forget, okay, a company has a balance sheet and an income statement. The U.S. has an income statement, which doesn’t look very good.
SPEAKER 01 :
Not a great income statement.
SPEAKER 04 :
Two trillion in losses every year. But the income’s going up. from the tariffs, right? We may get to a trillion dollars in income in tariffs. Don’t forget, too, that the capital gains are going to add a lot of income to those income statements. I think there’s a lot of people in the Trump administration that understand how an income statement works. I don’t think we’ve had many administrations in the past that had any clue how an income statement works. But there’s also a balance sheet which lists what you own Now, think about it. We own Alaska. I mean, we own Texas. We own Louisiana. We’ve got some pretty valuable assets. We own Hawaii. And we have a lot of gold reserves on our balance sheet. And that balance sheet has gone up by one. Well, it’s reached a record. Our gold that America owns is now worth $1 trillion. So I guess you could say, like I say, make America rich again, M-A-R-A, as gold hits another record and surges above 3,800 on today. And gold is up over 40%. As of August 31st, the Treasury held around 260 million troy ounces of gold. Now, I want them to open up Fort Knox. They said they were going to do it, and I just want to make sure it’s in there. But I guess they don’t want to give any criminals, you know, what if that thing’s hit with a missile? You know, maybe it’s a decoy. Maybe we shouldn’t tell. I mean, if you had your gold buried in your backyard, you’re not going to tell very many people. You’re not going to have a documentary on TV. This is where I buried my gold. And it might not all be there. Yes. Okay, now the other reserve, the U.S. doesn’t own any yet, but someday there may be a cryptocurrency reserve. Crypto shed $250 billion in value last week. But interesting to see. In fact, Bitcoin was down 5.2% and Ethereum was down 9.7% last week. Me personally, I would rather have gold in my backyard than my Bitcoin. I don’t know that I can bear it because Bitcoin is not tangible. I can’t hold it in my hand. That’s just me. Other people disagree with me. But you know what? That’s what a market is. It’s a bunch of opinions and the market decides where that price is at. Bitcoin is having a very strong recovery today. It’s up over $3,000. It’s back up to $113 after getting down to $109. But it’s been as high as 124, okay? So we’re just going to have to see whether the sell-off in Bitcoin is over. You could say, too, when the market cools off, Bitcoin gets a lot chillier, right?
SPEAKER 01 :
Well, it’s a measure of, to me, a measure of risk appetite right in the market where biotech has always kind of been that way.
SPEAKER 04 :
And small caps.
SPEAKER 01 :
Yep, small cap and high P.E. ratio.
SPEAKER 04 :
And high beta stocks and Cathie Wood’s ARC funds, to me, is kind of the ultimate equities risk-on, risk-off indicator. She had a bad week last week. I think she was down 5.6%, something like that. It was a risk-off kind of week last week. There were a couple days in particular that I think last Wednesday was kind of ugly. But now, okay, so the big news now today, I’m going to say, is will we have a government shutdown? Most people would never notice the difference, right, of the government shutdown, federal government, that is. In fact, they might even cheer the fact, save a little money that day, a little bureaucracy that day. But is a lot of people impacted today? It would cause a lot of chaos. Trump is convening his cabinet, the Congress today. He’s having several key people in the Oval Office to see if they can hash something out. And it seems like, at least for now, both sides are pretty much dug, feet are dug into the sand and not budging. with the deadline at midnight tomorrow. So kind of interesting to see the markets rallying in front of that big unknown, but we’ll take it. We’ll be right back.
SPEAKER 1 :
We’ll be right back.
SPEAKER 04 :
And welcome back here to the second quarter of today’s Best Docs Now show. Speaking of quarters, the end of the third quarter will happen tomorrow when the bell rings. Can you believe it? I mean, that went by fast, didn’t it? That was a quick quarter, and it was an excellent quarter. in the markets. We’re hitting new all-time highs today here at Gundersen Capital Management. The Dow’s down 40 right now, but the NASDAQ hanging on to those gains up 190. And when I looked at who some of the leaders in the market were just a moment ago, I sent out my little blast, which I do every morning. You know, I saw Alibaba up 5.1%. Robinhood having a very good day, up over 3%. Arista Networks is up over 3%. And how about this? Our biggest position, NVIDIA, no wonder we’re hitting new highs today, is up 3.2% today. So very good day. The nuclear power stocks are lagging a little bit here today so far.
SPEAKER 01 :
Good news for DoorDash and Alibaba, too. I didn’t see that. Pretty solid day. DoorDash, yeah, they had a story. I guess they’ve increased their partnership with Kroger, which kind of, I guess, helps pull some market share from Instacart just in terms of delivering stuff. So just another, you know, we kind of think of DoorDash.
SPEAKER 04 :
What was BABA’s news there?
SPEAKER 01 :
I’m not sure on that.
SPEAKER 04 :
It’s up 5.1% today, so BABA has really taken off. Like I say, I made a case for Alibaba because of its trading in the 13-15. 22 forward PUE ratio. Yeah, it’s rising now, but it’s way lower than NVIDIA and Palantir at 233 and whatnot.
SPEAKER 01 :
Well, Procter & Gamble trades just under 22. Well, there you go.
SPEAKER 04 :
I’d rather own BABA than Procter & Gamble in a Chinese second there. But, you know, China’s also the leading index by country, I believe. It’s up about 40% so far this year. And I think it’s their exposure to AI. The AI race, they’re definitely the main contender to the middleweight crown here with their AI against us.
SPEAKER 01 :
And they had been a laggard just in general, right, in terms of their market had been a laggard really since COVID. And so finally, you know, kind of I think in terms of investment kind of getting back in vogue a little bit.
SPEAKER 04 :
Yeah, absolutely. And so anyways, that’s good news there on BABA. I did use DoorDash on Saturday. I had two Primo hoagies delivered to the front door.
SPEAKER 1 :
$3.50.
SPEAKER 04 :
I thought, I can leave writing my newsletter and drive over to Primo Hoagies and pick up a couple of hoagies. That’s 45 minutes out of my day.
SPEAKER 01 :
It’s tricky getting out of that parking lot, too. You’ve got to risk your life out there on 17 coming out of that. Yeah, and it’s a dangerous U-turn. It is.
SPEAKER 04 :
And I figure, look, I make $10 an hour. That’s what they pay me. And I figured for $3.50, it’s worth it to have it delivered to my door. And then I tip the guy. I’ve got to tip. I’m a good tipper.
SPEAKER 01 :
It’s a quality sandwich, too.
SPEAKER 04 :
That’s a good sandwich. You know, I think it’s the best. All right. Now, oil. Oil cannot sustain a rally. We own one oil-related stock. We own LNG, which is the blue chip number one play on liquid natural gas. And it just really has not done anything this year. In fact, I read the oil execs are getting a little anxious with President Trump. He was supposed to be the drill baby drill guy, but with oil at $63 a barrel. I mean, that’s good for the consumer and the economy, but it’s not good for the oil patch.
SPEAKER 01 :
I was curious if we’ve been filling back up the oil reserves. I would think so, at $62 a barrel. I would hope so, yeah.
SPEAKER 04 :
BP approves a $5 billion project off the U.S. Gulf Coast. Okay, now that, Biden made that off limits. The Gulf of Mexico or the Gulf of the United States, whatever you want to call it, depending whether you’re a Democrat or a Republican, that’s how you call the, you know, politics has gotten into everything, even on maps now, Barry. yeah uh so anyways we’ll call it we’ll call it the gulf off of the u.s and between the u.s and mexico five billion dollar project which biden made that all off limits right they tried bp actually yeah i mean growing up on the gulf coast right there bp had a bad oil spill and yes and and you know
SPEAKER 01 :
That was probably what, I guess, maybe 15 years ago now. I’m trying to go back in my head, maybe a little longer. And the crabs. And so I’m surprised that BP is the one who actually has the deal.
SPEAKER 04 :
And it was which offshore drilling? Not Weatherford. I can’t think of it. It was one of the big offshore drilling.
SPEAKER 01 :
Not Baker Hughes.
SPEAKER 04 :
No. And it was their equipment that blew up. Oh, was it not Gemini?
SPEAKER 01 :
It was something like that.
SPEAKER 04 :
I’ll think of it in a minute. Okay, here’s another macro target. I put out my macro target every Saturday. That’s important because that drives the bus. That’s the driver of the bus. The seats behind the bus are the sectors and the stocks and the asset classes, but the driver of the bus is the market. which is 80% of the move. So you take a day like today where the market’s up, well, most of the stocks are going to be up. Belsky, Brian Belsky, who I like, he’s more of a technical strategist from my experience of watching him over the years. He was with First Trust, I think, for many years, or Oppenheimer, or one of those. Now he’s with BMO. which is Bank of Montreal, he lifts his S&P target price to $7,000 and calls 2025 a bull run. And, you know, I raised my target price a little bit two weeks ago, and I’m pretty close to that, so I must not be too crazy. You’ve got a guy like Belsky. And that’s pretty much been, you know, these ones that have come in recently from Goldman Sachs, these targets and others have been up around that 6,800 to 7,000 range. And we’re currently down at 6,600 in the S&P. So they’re saying that the earnings expectations can support earnings. A higher market. The issue we’re having right now is not earnings. It’s the multiple. It’s the multiple on those earnings, which is approaching 23 forward P.E. ratio. And the P.E. of the S&P is 27. We hit 30. back in the sugar high year of 2021. So that 30 could be something to watch also as maybe an indicator of a top in this recent run if we get up to a PE of 30. We’ll just see. We take it a day at a time. Eli Lilly upgraded at CFRA. You know what? I still say that’s a miracle drug. Anybody who has ever tried to lose weight and has failed at it with the counting of the calories and the exercise. You’ll lose weight. I’ve seen too many testimonials of people that have lost 40, 50, 60, even 80 pounds with a simple shot in the stomach once a week. It’s a miracle drug, and I just don’t see how Lily can’t be a long-term winner over time. We’ll be right back. And I wonder what it’s good for.
SPEAKER 06 :
I’ve been in the right place.
SPEAKER 04 :
This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 07 :
And welcome back here to the second half of today’s Best Docs Now show. Well, office space is making a comeback in San Francisco. That’s hard to believe.
SPEAKER 04 :
Now, I used to love going there. you know, before COVID, and downtown San Francisco went way downhill. And I don’t know that it’ll ever come back to what it was, but it was one of the great places. It still is a great place to go, but I used to go up there from San Diego when I was working at a firm in San Diego, and I covered some stocks there. As an analyst and would visit some mutual funds, Franklin Templeton, or Franklin, it wasn’t Franklin Templeton back then, Franklin Funds I would visit and GT Global and Polynews and several hedge funds. And the buzz there downtown, Barry, was like the buzz that we saw in the Silicon Valley, you know, last two weeks ago. And when the market closed at 1 p.m., oh, boy, all of the restaurants around there and everything, there was a real buzz. There was a buzz in the morning, traffic coming in, the cable cars, the fog starting to burn off. You know, it was just a great spot.
SPEAKER 01 :
And you had Intel cashing the cash register while we were there. That was unique. ByteDance was doing the deal. I saw one of their buildings there. And of course, they were in the middle of doing the TikTok deal.
SPEAKER 04 :
Tesla was cranking out humanoid robots while we were there. But anyways, AI needs more humans. Well, I could have told you that. You know what? I have AI built into my app, but I still drive the bus of that AI engine and make the final decisions, not AI. But the AI company demand for people jolts the San Francisco office market, which has suffered from the highest availability rate in the nation. Wow. And that’s not just because people working from home, but it’s also, you know, what the political leaders let San Francisco become and kind of looking the other way and, if anything, kind of encouraging it and feeling sorry for the homeless and whatnot. It really changed the dynamics, unfortunately. We used to go stay at the Sheraton Palace downtown. Oh, my gosh, what a beautiful place. And all the great restaurants and everything. But anyways, AI is helping out. San Francisco has long anchored the Silicon Valley ecosystem and the city the city once again is at the forefront so who knows maybe on one of our trips to the Bay Area which we plan to make several next year We’ll be downtown San Francisco. I know a couple of my grandkids would certainly love to go along on that trip. So anyways, it’s turning the corner, which is good. I like to see that, the office. How about Electronic Arts going private in a historic $55 billion leveraged buyout deal led by private equity firms? I’ll tell you, the two big ones these days, Silver Lake has really become a big, big private equity firm.
SPEAKER 01 :
uh and then saudi arabia’s public investment fund they must play a lot of madden uh football i mean that’s saudi arabia that’s what i think of when i think of da or yeah i mean my kid my uh you know we’ve got the two younger boys a 13 and 11 year old yeah i mean madden and uh i think it’s fc 26 which is a soccer game um Any and every sport game, it’s always EA Sports.
SPEAKER 04 :
It shows up on the screen. And also the Sims. Do they play the Sims?
SPEAKER 01 :
No, they’re not into that one. But I do remember that title years and years ago, early computer games.
SPEAKER 04 :
Yeah, I can remember when these computer game companies, I can remember when EA was one of the hottest stocks in the entire market, and they were hiring people. Really, that’s where NVIDIA cut its teeth was with their graphics cards.
SPEAKER 01 :
Exactly.
SPEAKER 04 :
This is the biggest leverage buyout in the history, $55 billion, and then they’re going to take it private. And then Affinity Partners is another one, and that’s led by CEO Jared Kushner, son-in-law of President Trump. JP Morgan also is in on the deal. So the stock is up, I think, 20% or 25% today. It’s also a big deal for Goldman Sachs. They’ll earn a lot of fees in a deal like that. Taiwan semiconductor dismisses reports of Intel partnership. Well, Intel has been a very perky stock recently after being dead in the water for years. And Intel first got the investment from the U.S. government. it finally broke above that 2750 area and is now at $34. It’s added $7 a share or about 25% to its value here. And then while we were in the Silicon Valley, the investment by Nvidia, into intel also made the news and taiwan semiconductor today is denying that they are making an investment in i’m sure they look at intel as much more of a competitor which I would think NVIDIA would, too. But NVIDIA obviously sees something in Intel that they think could add. And, of course, they invested in Intel.
SPEAKER 01 :
Yeah, I mean, they had $84 billion in cash. They invested $5 billion. And, I mean, at worst, right, I mean, it kind of, you know, number one, it may help at least spread out some of their concentration in terms of supply chain, right, being concentrated. I’m basically fully stuck with Taiwan Semi at the moment, so that could help. Also, I think it kind of gets them in the good graces of the administration in terms of, hey, we’ll help out with the Intel deal.
SPEAKER 04 :
It’s also important to remember that when you own NVIDIA, which is up 3.2% today, you own a piece of OpenAI technology. Intel, and all the other investments, Databricks, whatever else.
SPEAKER 01 :
And they’ve been investing in a lot of healthcare, AI. I mean, they’re really, to me, kind of almost like building their own ecosystem to a certain extent, trying to be in all parts of potential uses of AI.
SPEAKER 04 :
It helps to have a hoard of cash. You can make a lot of money if you have a hoard of cash, okay? It takes money to make money. It takes money to make money. Now, I don’t talk about penny stocks too often, but every once in a while, I’m especially interested in the rare earth sector right now. And I saw this one. I actually added it to the Best Stocks Now app. And it does trade on the pink sheets, Lodestar Metals. But what caught my eye was it’s in Nevada. And Nevada, we’re finding out through MP Materials, which is there on the Nevada-California border, Mountain Pass. Mountain Pass has drawn investments from the U.S. government, and Apple made a big investment in them. So I just looked at this Lodestar Metals, SVTNF. I said, this is $0.05 a share, but it’s up like 400% this year. So just for fun, Barry, I added it to the app. And from time to time, who knows, maybe it’ll be $1. Maybe it’ll be $0.08 someday, a double. I don’t know. But we’ll follow that one. Keep an eye on it. You never know. You know, people buy lottery tickets. They bet on 99 to 1 shots at the harness races and stuff like this. So why not? Barrick names Hill interim president CEO as Bristow departs. Well, Barrick is the blue chip stock. And when you’re looking at the gold markets, you can own the physical gold which America apparently has $1 trillion. Now, that’s not counting the gold under the ground in America that hasn’t been mined yet. I mean, how much is in Alaska, for instance, that has not been brought out of the ground yet? Still looking for it and other things. But you can also own the stocks of the gold miners. They seem to be a little more leveraged than the price of gold itself. And Barrick has been one of the best performing stocks in the market this year. It’s hitting a new all-time high. It’s now a $59 billion company. Been around for a long time. They’re headquartered in Toronto. And they have a new CEO. There’s a lot of good gold stocks. Agnico Eagle is a good gold stock. AEM, that’s the one we own. in the ultra growth portfolio uh… and uh… newmont also is a very large gold player okay when we come back we’re going to talk about the father of the space force he now has a link with one of the quantum computing companies and israel has got one heck of a defense stock that has been a very good performer over the years. And we’ve got some earnings today from Carnival. Have you taken a cruise lately? We’ll be right back.
SPEAKER 06 :
We’ll be right back.
SPEAKER 04 :
And welcome back here to the final segment of today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, and Barry Kydar, chartered financial analyst and certified financial planner. And other stocks in the news. IonQ.com. Now, we don’t currently have any – quantum stocks are out there on the horizon. Okay. I mean, you’ve got to look way out on the ocean right about when you lose the line of sight.
SPEAKER 01 :
Pick the right one.
SPEAKER 04 :
Yeah, and there’s a lot of ships out there, IonQ and Quantum this and Quantum that and what’s Rigetti computing. They had a good week last week. But that’s the Cathie Woods territory, right? Those are considered, what does she call her? Innovation, innovation. But I also say they’re long-term. They’re long-term. There’s no earnings on the horizon. Hopefully, your ship will come in someday and the earnings will be there. But in the meantime, stocks like this belong in our… I created a portfolio for basically… Every kind of category of stock that I personally like. I like proven big winners over the years in the large caps, right? That eliminates the Johnson & Johnson’s. At one time they were, but not anymore. Time has passed them by. Today it’s NVIDIA. And it’s Lilly and others that have replaced them. And then I like one step below that, the wannabes that want to become those big cap stocks, past that $100 billion mark in market capitalization. That’s been a very fertile area of the market. Since we created the portfolios for Seeking Alpha back on January 1st of 2019, the ultra growth has done the best by far because there’s a little more inefficiency there. in that part of the market. Those stocks aren’t as owned as the big guys are, the metas and whatnot of the world. And I really love that area of the market myself. And you can look at the performance of that since January 1st, 2019. And then you go down below that one step, and we created the value, the relative value, which you’ve got something that’s maybe out of favor right now, that once was a best stock now. AMD falls into that category. Chipotle falls into that category. We picked Alibaba up when the PE got down to about 13%. We’ve made some really, really nice buys in that value. I personally, I funded that with $100,000, and that is the model for that portfolio. So I know exactly where it’s at at any given point in time by just looking at that portfolio that I funded it with, and I’m very pleased with it so far. And then the fourth one down the line is the emerging growth. It is up 30% so far this year. This is a year, I mean, that has favored a lot a little. This is where you’re going to find Oklo, nanonuclear that want to build these small modular reactors. You don’t want to have 50% of your retirement in this area.
SPEAKER 01 :
And Barry decides those allocations, right? Yeah. Right, and they benefited, obviously, from multiple expansion as well, right?
SPEAKER 04 :
Yes, multiple interest rates, a favorable interest rate environment with an easing cycle by the Fed. But I would also say, yeah, there’s been a lot of innovation in rare earth. I mean, one of the big winners that’s carried that portfolio is MP.
SPEAKER 01 :
Right.
SPEAKER 04 :
We found out what the 17 rare earth minerals are and how important they are and how important it is for America to have access to those minerals. They’re in a lot of different elements, a lot of different things. So we have that. And then, of course, the fifth portfolio is an individual bond fund. where that, to me, is way better than owning a bond fund. You’re saying, well, you’ve created a bond fund. Yes, but you know what the individual bonds, exactly what they’re going to do, when they’re going to come due. Unlike a bond fund, which is… Those have vastly underperformed the market. They’ve done terrible. Over the last 10 years, bond funds have averaged 1% to 2% a year. And I hate to say it, but that’s probably 50% of America’s retirement money is tied up in bond funds because of that asset allocation model that we take shots at all the time because it’s mostly based on age. And we just believe that there’s many more factors out there than age that impact a portfolio, a tactical portfolio. That’s what we call it. We’re more tactical than you’re 64 years old. You’re going to be 65 next month. We’ve got to up your bond portfolio. We’re going to buy some more of this bond fund. That’s averaged 1% or 2%. Look it up. Look up AGG. Look up BND. These are multi-billion dollar, $100 billion bond funds. Look up the Vanguard bond fund. And look at the 10-year track record. That says it all for me. It’s very, very mediocre. And you could say, well, won’t the next 10 years be good? Well, I don’t see why. I mean, you know, they’ve got a 10-year track record. The golden age of bonds funds was from Jimmy Carter years of 19% interest rates. down to 1%. And during that period of time, Bill Gross became the biggest bond fund, biggest mutual fund manager out there with the PIMCO opportunity. But we don’t have that kind of possibility going from 19 down to 1. The best we can do is go from 4.5 or 4.25 down to 1, maybe. And I don’t see that happening. So I don’t see this as being a very good market. But safe money… individual bonds um what do you call them alternative investments that no they’re liquid uh get at them you know the value of them every day unlike a non-traded read or whatever so that’s my that’s my little spiel on the portfolios that we manage and we mix and allocate. We put together an asset allocation for you, but it’s a custom one built with our custom funds that we’ve created. All right, to get an appointment with us, we’re busy getting back to everybody we met with, 30 different people, couples, people, During those one-hour sessions we had, break-off sessions with individuals on Tuesday, Wednesday, Thursday, two weeks ago, we’re getting back to everybody there. You don’t have to have met with us. You listen to the show. Give us a call. Set up an appointment with us. Get a plan in place, an allocation in place. 855-611-BEST. 855-611-BEST. Anywhere in America. This is Bill Gunnarsson of Burry Kite. Have a great day, everybody.
SPEAKER 02 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIBC and FINRA.
