In this episode of the Best Stocks Now show, professional money manager Bill Gunderson and Barry Kite dive deep into the current state of the financial markets as they start the fourth quarter of 2025. The duo discusses significant market movements, with a particular spotlight on NVIDIA and its groundbreaking performance. They dissect the implications of the government shutdown and explore how it’s affecting market indices and investor sentiment. Furthermore, Bill and Barry evaluate the latest from the ADP jobs report, examining how private payroll figures may influence the Federal Reserve’s next move on interest rates. Alongside market news,
00:31:56 Alternative Investments and Market Trends
SPEAKER 01 :
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 03 :
And welcome to the Wednesday, the midweek edition, the October 1st, first day of the fourth quarter of 2025 edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, a nationwide fee-based only firm. I’m here with Barry Kite, our chartered financial analyst. Where were you at midnight last night? Did you turn into a pumpkin? The government closed down, and also since then we’ve received the private payroll reports from ADP. That’s going to be the only jobs report we get this week. ADP is obviously not a government entity, but a private entity. And as a result, we’ve got the Dow down right now 59 points. It hit a new all-time high yesterday, okay? The Dow down 13 basis points right now. The NASDAQ down a little bit more. It’s down 84. That works out to 37 basis points, 22,576. Its all-time high was still two weeks ago on that Monday. The S&P 500 is down 19. That’s 29 basis points. The small caps down 22 basis points. I guess the good news out of all of this is we’re getting a drop in interest rates. The 10-year is down five basis points to 4.09. And the other good news is gold. New all-time high. Welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kider, chartered financial analyst. It is the first day of the fourth quarter. The shutdown, do you know where your portfolio is at? Do you know where interest rates are at? Do you know where your stocks are at? Do you know where the gold is that’s hidden in your backyard? It’s hitting a new all-time high today, above $3,900 for the first time. I think it’s also significant to note that the Dow hit a new all-time high yesterday by a few points. But, you know, we’ve been on kind of a high alert. We’ve had this massive run in the market since April the 8th of this year. And at some point, you’re going to get a top in this current run, and you’re going to get some kind of a correction. That’s just the way the markets work. And, you know, there’s some profit-taking going on. And I always work under the assumption that when the market hits a new all-time high, and then backs off a day or two, I just assume, okay, well, that’s the peak. We need to be careful now. But it wasn’t the peak in the Dow because the Dow hit a new all-time high yesterday after peaking a couple of weeks ago. The NASDAQ and the S&P 500, however, you’ve got to go back to a week ago Monday. And those were the highs there, temporary highs. We’ll see if we can eclipse those numbers here in the coming days. We got a little bit of a headwind here. We had a decent day in the market yesterday. The Dow was down, but the Nasdaq was up 30 basis points. And oil, Bitcoin rally, that continues. We’re going to talk about that a little bit. And Nvidia had a very strong day yesterday. It topped $4.5 trillion. $4.5 trillion. I’ve heard that Aramco, which is Saudi Arabia’s big oil company, is bigger than that. Of course, it does not trade on the U.S. Stock Exchange. But NVIDIA hitting $4.5 trillion yesterday. And NVIDIA is down just a little bit. The other significant piece of that NVIDIA story is it broke out to a new all-time high. So if you’re thinking that the NASDAQ peaked two weeks ago and we’re going to get a 20% correction, well, I would think twice before you accept that assumption because NVIDIA is probably the leader in the NASDAQ. Lord only knows what percent of the NASDAQ it is these days and what percent of the S&P 500 and what percent of the Dow it is. but it carries a very heavy weight at $4.5 trillion in all of those indexes. And let’s just say that the market leader broke out yesterday. It’s been in a sideways trend since late July. And yesterday was a breakout, which is a significant event. It can be a significant event because a breakout through resistance levels can be the beginning of a new uptrend. And you’re saying, well, Bill, how can a new uptrend begin in a $4.5 trillion company? Look at my five-year target price on NVIDIA. I don’t think NVIDIA has hit its ultimate top yet because the earnings expectations for next year are, And the year after that, and applying a decent reasonable multiple to those shares would suggest that NVIDIA still has quite a bit of upside potential from here. Now, a lot can happen between here and now. That’s why we look at these things every day. Competition is coming along. There’s a big competitor out there in China. And there’s a competitor, there’s a private company here in the U.S. that also is trying to come up with a chip to equal or match NVIDIA’s. And, of course, that would be a big downside risk for NVIDIA if that were to happen. And, of course, this gold rally, it has not hit a new high. It has not peaked. Is it going to hit 4,000? It hit 3,910 this morning. This is the best month it’s had since January of 2012 on U.S. shutdown fears and rate cut expectations. And that begs the question, I’ll ask Barry this question here, do you think that this ADP, private payrolls report, of minus 32,000, all but guarantees, what are the odds, what are the prediction markets saying on a rate cut? at the next meeting. And then we’ll talk about how long the government shutdown can last because the prediction markets are also weighing in there. But what about this ADP jobs report? Should we be worried?
SPEAKER 05 :
Yeah, I mean, you know, the ADP, we talk about it all the time, you know, basically it kind of has a lot of, you know, false signals. A lot of times the non-farm payroll is certainly the one you put more you know put more credence to right of course in this unique situation i was just reading that there’s only i think one employee left at the bureau of labor and statistics yeah so there’s only one but he could probably come up with better numbers than they did last year you know Well, and we’re not, so we’re not getting, you know, not getting the weekly jobless claims tomorrow, you know, not getting the Friday non-farm payroll. So, you know, the only thing we really have to look at right at this particular moment in time is ADP. And it was bad. And it was, and that’s why you’ve seen. You saw Treasury rates actually yields go down because this kind of helps lead more to a rate cut because we’re at 99% chance of a quarter point cut now at the October 29th decision. And then if you look back by the end of the year, there’s a 91% chance that we are 50 basis points lower than where we’re at right now. Okay, that’s good news.
SPEAKER 03 :
And I think the government shutdown, the average government shutdown has been two to three weeks. The European markets have completely shrugged it off. The Europe markets rebounded, not too worried about the government shutdown. They’re going to come up with, I mean, these are short-term issues that get resolved pretty quickly. You know, and I also saw ConAgra Brands today beat their estimates, but they are talking about inflationary pressure. So, again, there the Fed has two, they have a conundrum. They have to weigh the jobs market, which looks to be weak, although I’m going to make an argument that it’s not so weak here in a moment. And they have to worry about the inflation kicking back in. But I saw that Austin Goolsbee, who is not a Trump fan. I mean, he was one of the main guys in the Biden administration on economics. He’s out of the University of Chicago. I’m not talking about Chicago today. They beat my Padres yesterday 3-1. If we lose today, we’re out.
SPEAKER 04 :
You get some pressure today.
SPEAKER 03 :
You’ve got to win two in a row. You’ve got to win two in a row here. He’s from the University of Chicago. He’s saying that he’s not seeing the weakness in the jobs market. He says you’ve got to look underneath at wages going up. and other factors, and he says he’s not seeing weakness in the jobs market at all, and that’s coming from somebody from the Democratic side, from the Biden-Harris side, who is on the financial channels quite a bit. We’ll be right back. Music And welcome back here to the second quarter of today’s Best Docs Now show. Well, I think we’ve got Monty Hall at the helm of the country. Let’s make a deal. I can’t believe, you know, somebody ought to catalog all the deals. Whether you like the deals or not, whether you agree with them or not, there’s been a lot of deals made, and yesterday there was a big deal that kind of flew under the radar. The European drug makers are trading higher today as the EU markets react to a new drug pricing deal announced by the Trump administration. And he’s also carving out a couple, you know, he made private deals and exempted a couple of companies here, including Pfizer. Okay, I’m going to look at Pfizer stock today. Pfizer not only has a new, wow, look at that breakout on Pfizer. It’s got new life all of a sudden. Trump made an individual deal with Pfizer, and Pfizer also bought that company, Metcera, which has a once-a-month GLP drug candidate for weight loss. And I think he also made a deal with Lilly because Lilly stock is doing the same thing today as Pfizer is. We own Lilly. We don’t own Pfizer. Look at that chart on Lilly today, LLY. And I don’t know what other drug stocks that he did to deal with, but you’re seeing gains today in AstraZeneca, which is Swiss, Merck, Germany. That’s the German version of Merck. Roche. which I believe is also Swiss, Novartis, Glaxo, Sanofi, and Novo Nordisk, which obviously is out of Denmark. So four of Pfizer’s products, including its blockbuster arthritis drug Zelljans, will be initially available from the site called TrumpRx.com. He likes to put his name on things.
SPEAKER 05 :
Have you noticed that?
SPEAKER 03 :
I mean, you go to Las Vegas and everything’s blaring out at you. And there’s that Trump Tower, which is all gold, right?
SPEAKER 05 :
I mean, I’m pretty sure Obama would like his name off of Obamacare. But Trump is like, he just throws his name into the Trump RX.
SPEAKER 03 :
Well, he’s offering discounts of up to 85%. For direct purchases. So I don’t know how all of that works, but we’ll figure it out. Rick Perry’s data center REIT Fermi prices at $21 per share. Yeah, you talked about that yesterday. Yeah, that’s going to be a data center publicly traded REIT. I’m not a fan of non-traded private REITs, and I’m going to do a little discussion in the second half of the show on all of these private investments that are all of a sudden coming up, private debt, private equity. They’re democratizing it, making it available to the little guy. I’ve seen this pattern before where Wall Street comes up with something and they run with it and it doesn’t end up well. I’m thinking of 08 and 09 when they were packaging up the subprime loans. Private, look, private is risky. Anything private is risky. And I don’t think the private REITs, the non-traded REITs, really behaved and did what they wanted to do. Your biggest issue with something private is illiquid, liquidity. And we’ll discuss that here in a bit. But they’re going full speed ahead with this private stuff, Barry.
SPEAKER 05 :
Right. Yeah, no, for sure. I mean, and I guess if you’re going to be in a space, right, data REIT seems like it would be a nice buzzword if you’re raising money at the moment. Yeah, now it’s public.
SPEAKER 03 :
Okay, Fermi’s public.
SPEAKER 05 :
Yeah, what was the company, I was trying to remember, what was the company we wrote about a handful of years ago, and then remember they got purchased by another company? But they used to be in the data center business too, but they got purchased by… Yeah. I want to say they got purchased by one of the companies that sold towers.
SPEAKER 03 :
We made some money on that. Yeah. You know, these public REITs, there are data center REITs that are public today. There’s one really big one, but they haven’t done that well, okay? So anyways, keep that in mind. Now, let’s go to Rare Earth. Nova Minerals wins a $43 million U.S. government award to secure antimony supply. And, Barry, while I’m talking about the other companies involved here, look up antimony very quickly. I used to know what it’s used for. I know it’s used in nuclear, and it’s a rare earth. It’s a critical mineral. But Nova Minerals is NVA. It’s in the app. Alaska seems to be another hotbed of rare earth.
SPEAKER 05 :
I think it’s got kind of… Used in batteries, lead antimony alloys for lead acid batteries. Yes. Flame retardant.
SPEAKER 03 :
Yes. And I think it’s used in… It has nuclear uses too. Fireworks. Yeah, well, we’ve got to have the 4th of July. So anyways, there’s a big antimony investment or contract, NVA. The Energy Department also names Oklo and three others for a nuclear fuel line project. The other two companies are private, but Oklo has been selected by the U.S. government for its new pilot program to build advanced nuclear fuel lines. All right, so anyways, that’s another one. It was CoreSite, by the way.
SPEAKER 05 :
CoreSite was that company.
SPEAKER 03 :
Yeah, CoreSite. We own CoreSite.
SPEAKER 05 :
And it got purchased by American Tower in 2021 for $10.4 billion. But yeah, they were a… And Natural, they were actually, to me, the last pure play of a data center. I mean, they had, I think, 20 or so data centers.
SPEAKER 03 :
No, no, no, there’s one other one that’s super big, and I’ll think of it. There’s another one that is data center. There’s one in China, GDS, which is a Chinese data center operator. I watch that stock on a regular basis. It hasn’t done very well, but there is one in the U.S. that’s quite large. that is a REIT that specializes in data centers. Okay, Lithium America is the other one. The shares climb after Secretary of Energy Chris Wright confirms that the US government will acquire a stake in the company. And this is the same thing that they did with Mountain Pass and MP Materials. And if I’m not mistaken, Lithium America is in that same area of Nevada. where it’s thought that there’s rich deposits of rare earth minerals there. So there’s another deal there. That is publicly traded, Lithium America, LAC. And, of course, Mountain Pass is the one that we own in our emerging growth portfolio, which is the most aggressive one. Then there’s another company here that’s publicly traded, BWXT, BWX Technologies they get a 1.6 billion dollar contract from the Department of Energy to produce high purity depleted uranium now this is another thing that’s going on is they’re taking the used uranium from those reactors and renewing it to be used again so BWXT is another one that you can look at it’s had a pretty good track record here And it is a publicly traded company, but it’s going to be using their technology at the Jonesboro, Tennessee site where they’re going nuclear. We’ll be right back. 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 1 :
Call out the instigator because there’s something in the air.
SPEAKER 03 :
And welcome back here to the second half of today’s Best Docs Now show. EQIX. Equinix. That’s the one I was trying to think of, Barry. It is a $76 billion REIT that specializes in data centers.
SPEAKER 05 :
Well, and you’re right. I looked through all the big publicly traded data center names, and that whole sector just really has nothing. Nothing’s really happened there. You would expect that they would be getting movement like all these other places.
SPEAKER 03 :
Well, I use my iPhone to look up baseball scores, to listen to my music collection, to check the tide tables. All right. I got to know when low tide is. But I also have an analyst in my pocket in my iPhone. It’s called Best Docs Now app. And. Look, within seconds here, I have access to ask the app, how has Equinix performed over the years? This is the first place I go is the batting average, just like a baseball player. Over the last 10 years, Equinix has delivered an average annual return of 13.9%. That’s pretty good for a REIT. The S&P has delivered 25%, but… Their performance has been decelerating big time. You can look at the chart. It’s not very good. Over the last five years, you’ve gotten a paltry 2.4% return. That includes the dividend yield on Equinix, E-Q-I-X, which is the biggest one out there. They’re headquartered in Redwood City. uh in the bay area and the dividend yield on eqix is 2.4 percent but over the last 12 months it’s really really done poorly uh according to the best stocks now app my analyst in my pocket here It’s down 9.4% over the last 12 months, while the S&P is up 16.6%. And year-to-date, EQIX is down 15.5%. I think that EQIX probably has a lot more competition now. And I think maybe are we overbuilding in data centers? I don’t know. Or is EQIX not getting any of the new business on these data centers? But it has not performed, like I say, very well. Now, if we do evaluation on it, that’s the second part. Now, here’s where you’ve really got an analyst in your pocket. Anybody can look up the track record, although it’s kind of difficult. If you can find a website that shows one year, just like a mutual fund, one year, three year, five year, ten year compound annual returns. But the valuation is what’s critical in my book. And we have it with 71% upside potential over the next five years. We like 80% or more. And I have a hunch that the consensus growth rate of 11% per year, that sounds a little bit high to me. I’m just going to see what their growth has been here recently. I think, oh yeah, that’s got to be adjusted downwards. The analysts are wrong on that growth rate. I overwrite the consensus analyst five-year growth rate if I think it’s wrong. I think it’s probably more in the 6% to 7% area, and that’s going to really lower. I’m going to overwrite that. I check these on a regular basis. uh lower equinix growth rate and that’s going to affect uh the uh the five-year target price so anyways i wouldn’t go running out and buy rick perry’s new offer he’s gonna get rich off of it but i don’t know about you you know that’s usually how things work the the purveyors of all of this private. Okay, now, I want to have this discussion on private. This is the big thing in our business today. There’s no question about it. And I’ve seen many things come along new products. Prudential was infamous for their partnerships, which many of them blew up. I personally got burnt in two partnerships that a broker put me into 40 years ago when I was starting to get money put into my profit-sharing plan at our family business. I consulted some Merrill Lynch guys, I think they were, and they put me into partnerships. Now, looking back, I know why. I know how the game works. They made 10% commissions. And whoever put the partnership together, they’re charging big fees inside of those to manage these partnerships. So all of that blew up. And Prudential got into all kinds of trouble, the rock, during that period of time. I’ve seen in 08 and 09, all over the country these things started blowing up in people’s pockets, right? Blowing up like Iceland and Greenland. They had invested in something called subprime debt.
SPEAKER 05 :
Well, yeah, and you had limited partnerships, too. I mean, even in the late 80s when they changed the tax law, you know, basically you would have them for tax losses on purpose. Yes, okay. And so all of them basically didn’t provide that benefit anymore, and they all went, you know, I’ve seen those things. I still see some of those things sitting on people’s, you know, statement because it’s from, you know,
SPEAKER 03 :
1988, you can’t get rid of it. No, you can’t get rid of it, and it’s worth pennies on the dollar. Now comes along, enter stage left, the private REITs. Well, I had a competitor in San Diego that was also a big radio guy, nationwide radio guy. that was socking people away. I never bought one private REIT, not one. I had no interest whatsoever. Why buy a private REIT when there’s hundreds of publicly traded REITs? Because there was a big commission involved. And supposedly they were non-correlated to the market. You know why? Because they weren’t pricing them every month. Well, if you get on your statement, your REIT is worth the $100,000 that you put into it. The market goes down 20%, let’s say. And they list your REIT. Your REIT didn’t go down. Well, that’s because they weren’t pricing it. SEC caught on and said, wait a minute. You’ve got to price these things every month. Well, guess what? REITs are very vulnerable. I don’t know how you can say they’re not correlated to the stock market. go back and look at 08 and 09 the REITs were down 79% is that non-correlated? oh they hold up just fine during a sell-off in the market bull they’re right on the front lines when there’s a sell-off in the market the property REITs the office towers the commercial shopping centers the malls etc you’re trying to tell me they’re non-correlated to the market now enter stage right Look, you have to do your own homework. At the end of the day, you’re responsible for your investments. I’m just the guy in between these investments and you trying to keep you out of trouble, number one. And number two, trying to do the best that I can, you know, with the, I stay in the public markets. so the guy who was on the radio doing the private reits uh… he got he lost his license he fought and it went to the supreme court but he lost his license for plowing people into private reits barry how many private reits have transferred to us i haven’t seen any lately but there were a bunch of them that came to us that weren’t you can’t sell them they were illiquid unless they go public or are bought out, they’re illiquid.
SPEAKER 05 :
The secondary market is 10 cents on the dollar, right? Yeah, we had one that went public and still went public with a bit of a haircut, and so then there was some liquidity, right? And then others, you may be able to Ask for liquidity every three months, for example, but you’re not guaranteed any liquidity.
SPEAKER 03 :
No.
SPEAKER 05 :
You can say you want to sell all and not sell any.
SPEAKER 03 :
Bill Getterson is a guy who’s seen a lot during the 25 years. I’m sure I haven’t seen everything yet. There’s a lot more that I’ll see. But now they’re plowing money into private debt. This is the hottest thing going out there. And I heard the CEO of Franklin Templeton being interviewed on Bloomberg this morning. And they are all in. That’s the hottest ticket right now is packaging private debt and selling it to the general public. Barry, just give me your comments on why is there private debt? You know, there’s a bond. We buy individual bonds. That’s public corporate bond debt. What is private debt and how risky is it? Think about it. Bull on that for a minute. When we come back, give me your thoughts. I have my thoughts, and they’re not good. And they’re also packaging private equity. And private equity firms are buying up private companies almost at any price because all of a sudden there’s this demand for private equity for individual investors. We’ll be right back. And welcome back here to the final segment of today’s Best Stocks Now show. The biggest splash that I’ve seen in many, many moons in our industry, Barry, is under the guise alternative. alternative investments.
SPEAKER 05 :
And it’s been going on for a while. I mean, you remember, I mean, it really started kind of, you know, around 08, 09, and then, you know, whether they threw a mutual fund wrapper on it to kind of provide some liquidity, whether they put it in an ETF, right? And, of course, now, I mean, what, you know, private, what you’re talking about in terms of this is private lending. So essentially it’s, you know, businesses where, you know, A lot of them you think of it as an alternative financing potentially, right? Like a pawn shop. Well, instead of a bank, right? Instead of using a bank as an area, right? They’ll pay a higher rate, usually a shorter term time period. The idea obviously is to get the business to where it needs to be and then get rid of the debt, right? Have you ever made a loan to a buddy?
SPEAKER 03 :
Have you ever made a loan to a buddy? Yeah, it’s like, you know, in high school, I can remember loaning a few guys. Hey, Bill, you know, it was the same people all the time or at the track. Or I remember at the track I had a guy, racetrack, he’d come up to me, hey, Bill, you think you can spare a 20? You know, I don’t have any gas money. You mean you gamble away your gas money? You can’t get home? All right. You know, I learned my lesson very quickly. Do not loan money to a friend or a family member or whatever.
SPEAKER 05 :
Well, and that’s what, I mean, you had just recently we had one of the buy now, pay later companies just had a big, you know, swath of their, you know, buy now, pay later business, you know, kind of that debt. They sold it off to a company who is going to essentially be responsible for it, right? Just because there’s no real high risk. There’s not much recourse. Yeah, there’s not much recourse there for a lot of the buy now, pay later folks.
SPEAKER 03 :
Now, where are the… Okay, so you’ve got this… it this is a movement like you can’t believe i mean it’s franklin templeton’s all in okay if they’re all in then you got to know that morgan’s all the rest of them are all in they’re going to come after me for even saying this right that i am very very i do not like things that aren’t liquid that’s why i’m not a fan of annuities I’ve never bought a private REIT, never would buy a limited partnership that’s not publicly traded. I would never, ever again do that. I learned my lesson when I was in my 30s. Okay, so let’s just say we’re creating, let’s just say ABC on Wall Street is creating this giant, they call them alternative credit offerings. That’s the guys, that’s the label, right? We’re offering alternative credit. And guess what? You’re getting a better yield than what you would get on U.S. Treasuries. They’re juicing their returns, okay? Who’s providing the money to loan? Where is the money coming from to loan out? It’s coming from the investors. They raise a big pool of money, let’s just say a billion dollars. and we’re going to go out and buy up and loan out money called private credit. It’s your money that they’re lending, and they’re getting a big management fee. Now they’re responsible for lending the money, finding those that are worthy of their lending, I suppose, and then managing the debt along the way. And they use this word alternative because supposedly it’s not correlated to the market or the economy. What’s the first thing to go when people start to get laid off when the economy goes south? Do you think private credit is a safe place to be? I don’t, but okay, and that’s why I played this song. You’ve got to go where you want to go.
SPEAKER 05 :
It depends on the deal. The deal matters, right? That’s the one thing that’s tricky, the way they’re packaging it. To me, packaging this stuff up is there’s a lot of credit analysis that needs to be done on a deal-by-deal basis, and when you’re purchasing a big swath of this deal, debt, say, across the board, you’re going to get mixed quality in terms of what’s underneath the hood.
SPEAKER 03 :
What were we told in 2008 and 2009 about the loans, the home loans that they were doling out? remember the ratings agencies had them at prime when they weren’t at all they were very subprime and most of them blew up in people’s faces all across the world those things blew up to me that was a safer thing at least you had some collateral in the property itself but It was a time, too, when the properties were inflated. The properties go down in value. There goes your collateral. This is private credit. So I see Brown Brothers Harriman is forming a new subsidiary to house its $55 billion investment. Structured Credit Business. So I’m just saying that, and you know, they’re putting it, this is an exclusive product. It’s a U.S. wealth management channel. They’ve got massive distribution channels set up to sell this stuff. I’m just saying, at the end of the day, you’re responsible for… Now, even riskier… Well, I would say that private companies are very risky. Private debt is even riskier than that. But you do your own homework. But if you’re at one of these big firms, I mean, Barry, there’s not a day that goes by that I don’t get an email from some big alternative conference that’s taking place that they want me to come attend and learn about all of the new alternatives that are out there. And they’ll have 10 presenters, and each one represents somebody that’s put together an alternative investment that you need to invest in now. Number one, my smell test is, is it liquid? If I need the money, can I? They’re not liquid. They’re not liquid. Number two, what is the real risk? Can you disclose? I mean, I just know from a personal loan or private loans that the bank’s not making. Oh, man, that just does not pass the smell test. Now, who gets left holding the bag? Spirit Airlines is going to their bondholders. This is a public company. Their bonds are upside down, and they’ve got to cut a deal with them. Private debt is way below a Spirit Airlines. I’m just saying. That’s my warning to you, and it won’t be on our menu here at Gunderson Capital Management. All right. To talk with us, 855-611-BEST. To get a four-week trial, to our newsletter, GundersonCapital.com. GundersonCapital.com. 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 SIPC and FINRA.
