Podcast Episode 13
Welcome to episode 13 of the Tax Free Millionaires podcast. I'm your host, Reed Scott, and today we're going to be discussing where the market's at right now and what we can expect for the remainder of 2025. Now, you don't need to be clairvoyant to understand the stock market stages and where we're at and what stage we're in at any given moment.
So stay tuned as we discuss the four stages of the stock market, what stage we're in now, and more importantly, how to take advantage of it. We'll discuss what you as an investor should be doing in each stage to make money and to protect your capital. Make sure you stay tuned until the end as I'll be tying in today's discussion of the stock market stages and the moving averages to identify a stock pick of the week that I'm,, sure you're familiar with the stock, but maybe not why I like them and why it might be a good time to, uh, add them to your portfolio.
So stay tuned to the end and we'll discuss that stock pick of the week. So since mid December, the market has, shaken off more than one bout of sharp selling. The latest came two weeks ago when investors got spooked by tariffs. But here we are, we were, actually, last week, near , new all time highs.
, today, the day of the podcast is February 21st. 2025. This week has been a couple days of very down market spooked by consumer sentiment, which aren't really numbers. They're just people's moods, but nevertheless, it has caused the market to take a big declines in the last two days, Thursday and Friday.
But last week, we were close to all time highs. Now, some people see that and think, Oh, my gosh, we're heading into a bear market. , the bull run is over. And time to sell your stock. Is that true? That's what we're going to talk about. If you watch the talking heads on the financial networks, I'm sure you've been hearing a lot about the top of the market.
We're at the top of the market. There's , not room for it to go higher. It's impossible. It has to come down. If you haven't heard that, you're probably going to hear it over the next six months. Now, before I say whether we're at the top of the market, I think we first need to understand the market.
We need to review the various stages of the market before we can discuss what stage we're in now. The stages of stock market are very clear in the rear view mirror, but not so clear when we're standing in a stage looking forward. However, there are some very good technical indicators that can help us make a prediction.
And one thing is for sure, stages in a market cannot be skipped. In other words, the stages happen in order. So it would not be possible to have a top of the market stage before the previous stage had ended. And how do we know it's ended? Well, that's what we're going to talk about. It's pretty simple to know it's ended.
It's pretty simple to know what stage we're in. And I'm going to give you a little hint. We are not in the top of the market. But I'm going to clarify the different stages. And we first have to agree there are four stages. What are they? We'll go through them. Not only will we identify the stages, we'll talk about how do you know that you're in that stage.
And most importantly, what should be the investor's philosophy or attitude in that stage? If you listened to last week's podcast, I talked a lot about how important it is to be flexible in your mindset as an investor and not always have the same philosophy all the time. Because a different strategy or investment philosophy will work differently depending on the stages of the market.
So, this podcast is going to tie that together and show you what I mean. What are the four stages? Well, here's what they're not. They are not a bull market and a bear market. These are not stages. These are just terms that refer to whether we currently have more buyers in the market or more sellers in the market.
If we have more buyers, it's a bull market. If we have more sellers, we have a bear market. And now any particular day, uh, doesn't change the market. We look at what happens over time. And while these descriptors of bull and bear market are related to the stock market stages, they're not the actual stages themselves.
So what are they? Well, number one is what's called the basing stage or the accumulation stage, and that's pretty evident what that means, right? That's when the, stock prices are low. Maybe we're in a bear market. We're finishing a bear market. And now might be the time to accumulate your stocks. The basing stage, accumulation stage, is typically Referred by most investors , as stage one.
Stage two would be the rising up or mark up stage. And this is when we're coming out of that accumulation stage. We're in the beginnings of a bull market. So it is related to a bull market in that sense. And prices are going up. And they're still rising. The next stage is what you hear a lot of people in the, financial news networks talking about the top of the market.
That would be the top, or distribution stage. So, this is when, and it's easy to recognize, we'll talk about how to do that, but this is when you, not necessarily want to sell your stocks, but certainly be positioned to , get out of your stocks and take profits. And then of course the declining or markdown stage is when prices are dropping, and you don't want to be taking long positions.
During the declining stage. Now different people use different names for the four stages, but the four stages are the same, whatever you call them. The reason it's important to be able to recognize them is because different investment and trading strategies need to be used depending on what stage of the market we're in.
As I said last week, it's important to have strong opinions, but hold them weakly. Be willing to change as the data changes. So I'd, I'd tell you this week that we're in the rising up or stage two of the market, but that could change next week. I doubt it, but it's possible. It would, it's not going to change that quickly.
You're going to be able to see the trends over time. So, like most things in life, markets are cyclical. Some people in a bear market think that its prices will go down forever. So they never buy, they stay out. And some people in a bull market think prices will go up forever, so they keep charging ahead, even when it makes no sense to do so, and they keep buying, even when the market is crashing.
So make sure you're in the right mindset for the right stage we're in. Even experienced investors who know this fact can easily forget that the end of the current market phase is eventually going to come. So even The most adamant bull needs to realize that we are going to be heading into a bear market at some time in the future.
When? No one knows, for sure. Uh, now, here's something that's maybe useful to you. Bear markets last less than bull markets. So, Just because you've had a bull market going for two or three years doesn't mean it can't keep going for another two or three years. Bull markets can run for quite some time. We've had long bull markets of ten, ten or more years.
Bear markets are typically shorter. It's almost like the physical laws of gravity. You can come down a lot quicker than you can go up. Um, the longest, uh, bear market we've had, In the last, since the beginning of the 1900s was, between 1937 and 1942, we had about a five year bear market over 60 months.
That's unusual. The most recent, bear market was the beginning of 2022, and that was about five and a half months, uh, and it ended around the end of May 2022. , that's not unusual to have a five or six month bear market. Even in 2007, or 2008, when we had the Great Recession and all the banks were failing and there was real estate panic, even then, the bear market, , lasted less than, I think it was less than a year.
So you can have bear markets, typically a bear market is not going to last more than 20 months at the longest. Unless, of course, we have some Thing like the Great Depression, which is always possible. But, again, as I said, even in the Great Recession of 2008, the bear market was only, uh, about nine months.
The real mistake , is made by investors when they think they can pick the very top or very bottom of a stage perfectly. This is nearly impossible to do. However, even though it's impossible to pick it exactly, it is not impossible to pick it good enough. In other words, you don't need to be perfect to recognize the stages, however, the financial industry uses the fact that it's impossible to do perfectly to mislead you into thinking that you can't do it at all, that you can't do it well enough to avoid a crash or to take part in an upswing.
What the financial industry doesn't tell you is that while it's impossible to perfectly time and predict the market. You don't have to perfectly time the market to beat the market averages and protect your capital. You just have to understand the stages you're in, what's coming next, and the direction of the market.
In other words, let's say that NVIDIA, NVIDIA, by the way, in 2022 in the bear market went down to 126. It came back up, it split, and it's 10 for 1, and now it's about 135 today, I think, after it's 10 to 1 split. Now, could NVIDIA keep going? Yeah, we're in a rising up stage. Is it going to do as well as it's done in the when if you bought it at the bottom of the accumulation stage or in the middle of that?
Probably not. It'd be unusual. But there still could be room in NVIDIA. Now I'm not recommending NVIDIA. I'm not saying don't buy it. I'm just having that discussion about NVIDIA because it's a popular stock. People are familiar with it. And there's always the question, can it go up higher? Yeah, it can because what drives the price higher is , investors expectations of future earnings.
And so if NVIDIA comes out next week, by the way, I think they're coming out on Wednesday with their earnings and revenue. And Expectations are so high around the video. It's hard for the stock price to get any traction because even if they beat the revenue and earnings numbers, investors go, well, you didn't beat it by 50%.
So we're not that excited about it. So what could make the video up is if they come out with very optimistic, forward looking viewpoint for the remainder of 2025. So no one knows, but it's a little harder for the video to go up after all this, um, Momentum that they've already had in the price increase, but it doesn't mean they don't have room to keep going before they top out.
And again, that's going to be based on a lot of different factors. Some of it due to the fundamentals of the stock, the marketplace, the world events, that's why it's not always a good idea to rely totally on technical indicators because tomorrow World War III could break out, right? That's why we teach at Tax Free Millionaires.
It's important to understand the stages. But regardless of what stage you're in, always use good risk management. Now, a lot of the financial advisors tell you to, , that you can't beat the market, you can't time the market. , and you can't possibly even understand it, it's too complicated for the average investor.
So, you should just invest in, uh, indexes and ETFs and settle for market averages, right? And they'll tell you this, in my opinion, they tell you this, not because it's true, because it makes more sense for them. Because if they can get you to invest in index funds and ETFs, they can pool all of their clients money into big common funds, invest in indexes and ETFs, and not worry about managing for different stages of the market.
They're not going to put stop losses or hedges on because they're telling you to accept average. So, if the market's up past two years, S& P's been up almost 20 percent a year for the last two years, but it goes down 30 percent next year? They can always come in and say, don't worry, your portfolio went down by 30%, but we never told you we were going to time the market.
We told you timing the market was impossible, didn't we? So why are you expecting that it wouldn't come down 30 percent this year? But look at the last two years, and don't worry, over time, over 20 years, it'll average out to a little less than 8%. So that's what they're going to tell you. And they tell you that it's impossible to time the market, so they want you to accept that passive investing approach.
You know, what they don't tell you is, and if you've listened to any of my previous podcasts, you'll, you'll know that if you took out those down years, and you can, by using risk management, stop losses, and puts, your returns would have increased from market averages and went up by almost 5 percent a year, from about 8 percent to about 12 and a half percent.
Actually, a little less than 8 percent to about 12 and a half percent. Just by taking out the down years. Let's just say you were able to put stop losses on your portfolio. You automatically got out when the market crashed and you're sitting in cash. You didn't even invest anything or take advantage of any opportunities in that year.
You just avoided those 30 percent declines. Well, your portfolio would have went up by almost 5 percent annually over a 20 year period. In fact, if you had invested 100, 000 20 years ago and followed a passive investment approach, not worrying about getting out when the market crashed, but just accepting market averages.
Your portfolio would have returned, about 7. 96 percent over the last, uh, 20 years, and which means that 100, 000 would be worth about 450, 000. If you'd invested 100, 000 and you stop losses to get out and eliminate those down years, your portfolio would be worth over 1, 036, 000 in 20 years. So that's almost a three times return just by getting rid of the downturns.
Not even focusing on picking good stocks. You could just invest in indexes and ETFs, but just get out and not let your portfolio ride all the way down. So, why don't these big investment companies, why don't all these financial consultants tell you that? Why don't they do it? Because they don't want to do it.
Because it would be impossible for them to manage. It's easier for them to just not do risk management . Their idea of risk management, and they'll tell you, We're actively managing your portfolio.
We're not passive investors. Well, , in my opinion, that's misleading, because when they say they're active managers, what they're really doing is when your ETFs or funds go down in one sector, they'll rotate them into a different sector that might be doing better. But you've already had the downturn in another sector, so to me that's not active management.
To me, active management is more like what a hedge fund would do, which is use hedging. That's why they call them hedge funds, right? They protect your The portfolio capital by using stop losses and puts to protect your position, their positions. So they can't be surprised or wiped out. And by the way, when the big financial companies, I won't name names but you know who they are, they do all the commercials on the golf tournaments, and they usually have a picture of a handsome looking Man or woman as the financial consultant in a suit in a very beautiful office and they're talking across the desk to a couple, very beautiful couple, and a couple wants to retire and have a winery in a few years and the financial advisor says well Let's see where you're at, not a problem And you have a voice over in the back talking about how we work here There's a team to ensure you meet your financial goals, right?
So, sounds good, except, in my opinion, it's all baloney. Because, you could retire a lot earlier, if you followed what I was talking about, and didn't settle for a passive investment approach. Manage your own investments, use good risk management, and eliminate those down cycles. And, by the way, my book, Tax Free Millionaires, talks more about this, if you'd like to get a copy of that, you can get it on Amazon, and it's Tax Dash Free Millionaires.
Be sure to put the dash in. Also available on Audible., a lot of the best financial advice is not available to the average investor because to get your money into a hedge fund, you have to be an accredited investor. You have to have enough money and know someone actually because not every hedge fund is going to take you unless you have a certain amount of net worth in income to be able to get into it.
So that leaves , in my opinion, the average investor at the mercy of these big financial institutions where they dump all your funds into fungible assets that they can invest all at the same time. It's easier for them to do that. They don't have to manage millions of individual portfolios.
They don't have to worry about stop losses and puts. And they don't have to worry about liability because they can tell you, hey, if the market goes down 30%, we never told you we were going to. Do anything other than passive investment. , by the way, you might be saying, well, what if I'm in retirement?
Or what if I'm getting close to retirement? I don't want my portfolio to drop 30%. Well, they, they come back to you at that time and say, well, good news is, is you get closer to retirement, we switch your portfolio where it's primarily 80 percent in bond funds, so your capital isn't at risk.
You know, bad news is, when you're invested in bonds, you're going to get a lousy return, maybe 3 or 4 percent, if you're lucky. Uh, and what they also don't tell you is, bonds can also depreciate in capital if you have to access your capital prior to the maturity of those bonds. Whether it's a bond fund or actual individual bonds.
So a bond will guarantee you that the, the value of your investment is going to be a certain amount at maturity. But,If the market interest rates go up, the value of your bonds are going to go down. And if you have to get cash out or get capital, , you're going to lose a lot of capital trying to do that.
So understanding stock market cycles is essential for people who want to maximize returns. But again, it's not essential for people who are happy with average. And if you're happy with average returns and working 10 or 15 years longer, so your financial advisor can retire early or live a really nice lifestyle.
, then you can continue to accept market averages, but you don't need to. You don't need to be in a hedge fund, and you don't need to have somebody else manage your money. If you're, regardless of your financial background, if you're willing to spend, two to three hours a week learning how to do this, and doing it on a consistent weekly basis, you can manage your own money, and in my opinion, consistently beat the index averages, uh, with as little as two to three, , hours a week managing investments.
And we show you how to do that. At our website, Tax Free Millionaires, where we offer, um, investing courses., How do we know what the four stages are, and if we're moving from one stage to another? Well, a very common technical tool is to look at the moving averages.
I'm sure even if you haven't done this, you've heard the term. we can look at the moving averages, see what they're doing, and they will tell us what stage we're in, and what stage is next. The moving averages are used to smooth data and they make it easier to spot trends. Smoothing the data is very helpful because it reduces the noise created by the daily market volatility.
Identifying trends over time is the heart of technical analysis and the basis for all real trading decisions. Now the two most popular types of moving averages are the simple moving average or SMA and the exponential moving averages or exponential EMA. And I'm not going to get into all the intricacies of the different averages, or should you use the 20 or 40 or 50 day, the 200 day, where's the crossover.
I'm not going to get into that because it's beyond the scope of what we're going to be able to do in this short podcast. But I am going to talk about what happens with the moving averages in each stage and why that can tell us what stage we're in. The financial, News shows talk about top of the market and that's just not true.
We are not at the top of the market. How do I know this is not true? Because doing the top or the, what's really the distribution stage, the moving averages tend to smooth out and flatten with very little difference between the shorter and longer moving averages. This is not happening now. .
It didn't happen earlier. What happened earlier was an accumulation stage where, you would see prices had dropped in the what stage we have between accumulation and the distribution, or top stage is called the rising up stage, our markup stage. And in this stage, you are going to see moving averages that are still going up.
In stage two, you're going to see the market averages slope upward and the prices staying above their moving averages. That's what we're seeing now with the moving averages. Now, so again, in the accumulation stage, which is what happened back in the beginning of 2022, the market averages flatten, the prices consolidate near support levels.
In the stage we're in now, which is stage two, or the rising up stage, market averages slope upward. And the prices stay above their moving averages. And when we enter into stage, the next stage, which is the top of the market averages start flattening, and price volatility increases. Now we're seeing some price volatility, but we still don't have the moving averages flattening.
In the distribution stage, the moving averages are trending downward. Prices are falling below their moving averages. What should you do then, if we are in stage 2, or the markup or rising stage, what should you do as an investor?
As I said in stage 1, you'd want to accumulate. Take positions and try to find good undervalued stocks. Or the price is good relative to their history and where you think the company is going. And in terms of their price movement over time. So that was stage one, accumulation. In stage two, or rising up stage, you still have an opportunity to make money.
You would want to hold your positions and add to your winning positions, ride the uptrend, but be ready to sell. And, in other words, you might want to shorten up your or pedge your positions with puts. In the rising up stage, many people have made profits on their positions so they can afford to hedge the profit with puts.
If you're getting into a new position, you might shorten up your stop losses. Don't have such a big gap before between your entry price and where you're going to get out if the price drops to protect yourself. There is going to be a lot of] volatility that's natural.
Don't be concerned. We've got a lot of volatility going on in our market right now. So the only problem with a stop loss is it can sell you out of that stock before it has time to go back up. So be aware of that. If you have a stock again that you like, that has made money for you, you think because of the chart of that stock itself and its earnings, it has room to grow.
You can add to that position. Just be careful of your entry points to make sure that you're not going to get hurt if it goes back down again. The next stage is where you really want to tighten up your stop losses and sell into strength and take profits. That would be the top or the distribution stage.
Again, we're not there yet. We'll know when we're there, when we see the moving averages start to flatten out and the short term and long term moving averages become very close to each other. We're not there. We're still in a mark up arising stage. And by the way, how long could that mark up arising stage continue?
It can continue for another three years. They have in the past. So the bull market can continue to go, or it could be over this year. I don't know. And it's hard to say. However, I do say this. Fundamentally, there are a lot of things that affect the market. We have emotions affect the market.
And this week we had a lot of emotions. Consumer sentiment is scared. The Michigan Consumer Sentiment Index went up And that scared everybody. Although, remember, that's just sentiment. That's not actual inflation numbers. That's not Gross domestic national product, that's not, earnings.
Over time, fundamentally, even if the market is going down, even if the stock market is in the declining stage, could you have a stock that's still going up? Yeah, because if it's beating the earnings and beating all the other companies in its market, it could still go up. It's important to not only look at the market overall, but the individual stocks themselves.
Perhaps as stocks start to rise up and get into that stage two, you can start getting back in. Typically, institutions get in earlier than retail investors because they are very good at timing the bottom of that accumulation stage. So you might want to look at when these institutions are acquiring stocks after a bear market as an indicator of when you want to get into those positions.
Let's look at, again, why I know we're not in a, Top of the market situation right now, as of today, February 21st, 2025, the S and P 500 has recently achieved record highs with the latest closing of 6, 144 on February 19th, 2023. This upward momentum suggests the market is still in stage two, the advancing stage rather than transitioning into stage three.
Now, maybe today yesterday, today, Thursday, Friday have changed all that. We'll see next week, but I don't think so. And, again, more evidence of that. The S& P 500 has recently dipped below the 50 day moving average, indicating potential short term volatility, which is true, but the index remains well above its 200 day moving average, reflecting sustained long term upward momentum.
So remember that. We are well above the long term moving averages. Additionally, market breadth indicators show that almost 57 percent of the S& P composite of 1, 500 stocks are trading above their 200 day moving averages, suggesting the majority maintain long term bullish trends. Now, while there are signs of slowing momentum and increased volatility, the prevailing trend is still positive relative to the key moving averages and support.
These are the reasons I tell you we're still in stage two the rising up stage. But again, we have to keep an eye on this. Thursday and Friday have been very volatile. But next week we're going to have some key earnings coming out on some of the tech bellwethers. We're going to have a NASDAQ excuse me, NVIDIA on Wednesday.
Dell on Thursday and quite a few other big names coming out. So we'll see what earnings reports due to the overall market. So that's it for today's discussion of market averages of the stages of the market. I hope that made sense. Now I'm going to tie it all together with a particular stock and I'm going to tie in how will you can use moving averages to Help us make an entry into a stock position.
But before I do that, I do have to give this disclaimer. The stocks I discuss on my podcast or for entertainment and educational purposes only, and I'm not making a recommendation to buy or sell. You should always do your own research before purchasing or selling any stock or options. And you should never rely upon anyone else's opinion, including mine.
Any losses that you may incur are your own responsibility. If you purchase those stocks or options that are discussed on this program, it's your responsibility alone. Neither I, Reid Scott, Tax Free Millionaires, Scott Wealth Advisors, or anyone affiliated with me or this program will be liable for your losses, if any.
I very often own the investments I discuss on this program, and I could personally benefit if the price of the stock increases. However, I'm not paid by anyone for mentioning any stock or company, and I'm not being paid a commission or endorsement for discussing any stocks or companies on this program.
With that out of the way, we're going to tie in what we've been discussing today into an individual stock pick. If you paid attention, you'll remember that I said in the rising up stage, which is where we're at, then purchasing a stock that is trading below its 200 day moving average price could be a good entry point.
Of course, that's not the only factor that you'd want to use in your decision to purchase a stock. But if you've done your homework, and you like the stock for all the other reasons we teach at Tax Free Millionaires, where we offer our investing courses, tax freemillionaires. com, if you follow all those fundamental analysis rules when we screen for stocks, and if you use that methodology I teach in my courses, And you found stocks that you like, and then you look at where is the current price in relation to its 200 day moving average, and it's below that?
This could be an excellent time to add that to your portfolio. And a stock that I like for those reasons, because I've done the fundamental and technical analysis on Dell, everybody's familiar with Dell, its current price of the stock is well below its 200 day moving average. Now, if you've been listening to my podcast, I like AI infrastructure stocks more than software plays.
And this is because I believe the infrastructure stocks are going to win regardless of which software companies end up adding the best features to their product. I liken that to the gold rush, right? You had individual prospectors, not very many of them got rich, but all the big companies that, that made pick and shovels and supplies that they sold to prospectors.
They got very wealthy just selling supplies. Dell is like that. They fall into that infrastructure play. They're not a software company. Although software sector is very hot right now. So I'm not saying you, there might not be an excellent opportunity for you in the software sector. I'm just saying, as a general rule, I like the infrastructure plays better.
Dell is typically thought of by a lot of Investors as a consumer company because of their laptops and their desktop, , Michael Dell started in his dorm room at the University of Texas and started assembling components and shipping out desktop computers and got very successful that way.
However, they have added an infrastructure solutions group or ISG group and this group sells to commercial and business clients. They provide modern storage solutions, object platforms, and general purpose AI optimized servers. I believe Dell is going to be able to take some of the market share from SMCI.
If you're familiar with SMCI, that's the company that their stock went up, I think, tenfold last year. They were very successful. If you invested in a company back in the end of 2023 and hang on to it for 12 months, you made a lot of money and they split. Unfortunately, they have had some unfortunate financial issues or reporting disclosures.
Right now they've had some discussion with the SEC on the needing to make sure they provided the audit of financial statements, and that's affected their stock price. I'm not saying that they may not be a good investment, but I am saying there's some concern about that company by people that look at that and say, gee, is that a safe company to be buying from?
Dell is a competitor. Their ISG group offers quite a few options into infrastructure data center build out. And since SMCI has been struggling due to recent financial reporting irregularities or concerns. I believe Dell is a good alternative
people think of them as a as a consumer play, desktop play, and they're missing the fact that this could have a lot of potential in their ISG group as they move into that space and take it over. And they're not babies in that space, they've been in it for a while. They've already moving into supplying higher end data center rack systems, cooling systems, and AI focused solutions for data centers.
I like the fact that the current stock price is at 117 as of this podcast, and their current 200 day moving average is a little over 142 about a 25 Delta that they're below their 200 day moving average. I believe the current price could be a good entry point for the stock and that it has room to rise up.
Given that, the stock price was at 179 just, I believe, nine months ago. So I believe there's room to the upside, if they don't disappoint on earnings and revenue. By the way, they're going to release earnings and revenue next next week. I believe it's on the 27th. So you want to be careful of that. If a company disappoints on earnings, the stock price could drop quite a bit.
So if you're going to buy before the earnings release, make sure you protect yourself with tight stock losses or some type of hedging strategy. So again, I believe Adele is a stock that's often overlooked because people tend to think of it as a pure consumer goods and retail computer company. Take a look at yourself and see what you think.
And regardless of what stage you're in, regardless of how good a price you think you've got on the stock relative to its history, always want to protect yourself with stop losses or puts. And again, if you're not familiar with how to do that, Take a look at our courses at Tax FreeMillionaires.
com and I would recommend my signature course, which teaches stock, how to find the right stocks, how to manage your portfolio, how to weight your portfolio with the right stocks, how to use options to leverage your returns, how to use risk management, probably the most important component. I'm investing in portfolio management is protecting your capital, and we teach that throughout all our courses.
So if you're not familiar with how to protect yourself, you want to make sure you learn how to do that. By the way, we also do that in a simulated environment that, where you can practice these trades hundreds or thousands of times, however long you want to practice till you make sure you're comfortable before you go trade in the real market.
So I hope you have enjoyed the program today, and , if you'd like the podcast, I would encourage you to become a regular subscriber, and if you could leave a review, that would be great. Thanks for listening again. And if you want to learn how to double your returns, reduce risk and retire early, check out our signature stock and options investment course at tax free millionaires.
com. Thanks for listening and have a great week.
