WEBVTT NOTE This file was generated by Descript 00:00:19.339 --> 00:00:20.899 Riccardo Stewart: Hey, I wanna welcome you guys back to another 00:00:20.899 --> 00:00:23.929 episode of the A-W-M-N-F-L Podcast. 00:00:23.929 --> 00:00:27.499 My name is Ricardo Stewart, and I'm your host and I'm joined with 00:00:27.499 --> 00:00:31.909 the Mayor, Sam Macho, the professor Jeff Locke, and then the truth. 00:00:32.119 --> 00:00:33.169 Zach Miller. 00:00:33.409 --> 00:00:35.869 Um, you know, we were talking about some different things on the 00:00:35.869 --> 00:00:39.649 podcast the last couple weeks, but I thought given the climate and where 00:00:39.649 --> 00:00:42.439 we're at in terms of the market. 00:00:43.014 --> 00:00:45.474 I thought we'd just take a little side just to like, discuss kind of 00:00:45.474 --> 00:00:49.794 what's happening and maybe ask you some questions, um, to answer for our 00:00:49.794 --> 00:00:52.794 listeners, for our clients about what the heck is going on in the market. 00:00:52.794 --> 00:00:53.664 And so lemme start here. 00:00:54.264 --> 00:00:57.774 One of the things that Bill Belichick did as a coach that was, I thought 00:00:57.774 --> 00:01:01.614 was great, is really highlight the idea of situational football. 00:01:01.644 --> 00:01:04.254 Now, that was going on before Bill Belichick, but he really 00:01:04.254 --> 00:01:07.914 highlighted and situational football in short is the unique 00:01:07.914 --> 00:01:09.444 challenges that come up in the game. 00:01:10.009 --> 00:01:12.619 To particular situations and how do you prepare a team? 00:01:12.619 --> 00:01:15.559 So down in distance, what time of the game is it? 00:01:15.559 --> 00:01:16.579 Is it the end of the game? 00:01:16.579 --> 00:01:17.569 It's at the end of the half. 00:01:17.569 --> 00:01:20.389 And like the unique challenges you need to be prepared for. 00:01:20.599 --> 00:01:25.759 And I, and I thought when it comes to the market, is it situational investment? 00:01:26.359 --> 00:01:30.319 Or given that we're, you know, just finished March Madness, is it more like 00:01:30.319 --> 00:01:34.549 basketball where every basketball coach knows there's gonna be runs and some 00:01:34.549 --> 00:01:37.519 team's gonna have a run and you gotta withstand it and then you'll get yours? 00:01:37.519 --> 00:01:38.629 Or which one is it? 00:01:38.629 --> 00:01:41.659 And so I wanna be able to talk to you guys about the situation 00:01:41.659 --> 00:01:43.399 that we find our ourselves in. 00:01:43.399 --> 00:01:45.619 And so the professor, Jeff. 00:01:46.519 --> 00:01:50.659 Just if we can staple, take a step back and I'll ask you just in general, 00:01:50.959 --> 00:01:56.389 like what's happening in the market of recent, and I should say this because 00:01:56.389 --> 00:02:01.879 we're recording this on April 8th, 2025, and things could change by the time 00:02:01.879 --> 00:02:03.079 that this gets published, but yeah. 00:02:03.079 --> 00:02:04.309 Jeff, what's going on? 00:02:05.779 --> 00:02:07.789 Jeff Locke: Yeah, I appreciate the, uh, the date stamp there. 00:02:07.789 --> 00:02:11.659 So I'm not called out later on this, but, uh, as of now, since the beginning 00:02:11.659 --> 00:02:16.489 of the year, across the globe, stocks are down about 10%, a little bit more. 00:02:16.819 --> 00:02:21.859 In the US it's even more, we're talking 13, 14% stocks being down. 00:02:22.129 --> 00:02:27.199 So if you're reading the headlines, you're seeing stuff on social media, a lot of 00:02:27.199 --> 00:02:32.269 people saying a lot of things about what is, what is going on in the stock market. 00:02:33.034 --> 00:02:36.544 We'll talk about it a little bit later, but like what makes our clients unique 00:02:36.814 --> 00:02:42.934 in this circumstance is that you might be fully insulated from this in a way, right? 00:02:42.934 --> 00:02:47.194 You might be in a spot where like you have cash to deploy, you have cash 00:02:47.194 --> 00:02:51.124 to invest, and it's actually a good time to be investing in stocks, right? 00:02:51.124 --> 00:02:53.074 Really depending on what your plan says. 00:02:53.134 --> 00:02:54.454 But we'll dig more into that. 00:02:54.784 --> 00:02:56.164 But overall, markets are down. 00:02:56.224 --> 00:02:57.994 People are, people are scared. 00:02:59.224 --> 00:03:01.504 Riccardo Stewart: Yeah, I mean it's, it's in this particular day, 00:03:01.504 --> 00:03:04.864 it's hard to look at your social media, the turn on the screen and so 00:03:04.864 --> 00:03:07.054 forth, and not hear a lot of noise. 00:03:07.504 --> 00:03:09.724 Um, mayor, the man of the people. 00:03:10.264 --> 00:03:14.044 As you're interacting, you know, at ESPN, as you're talking to NFL players, 00:03:14.044 --> 00:03:16.894 as you're talking to our clients, what are some of the questions, 00:03:16.894 --> 00:03:19.054 concerns, or thoughts that you hear? 00:03:19.999 --> 00:03:23.149 Sam Acho: The biggest thing I hear is that the little things still matter. 00:03:23.629 --> 00:03:24.649 What do I mean by that? 00:03:24.649 --> 00:03:28.999 I was talking to A-A-A-N-F-L player, multimillion dollar 00:03:28.999 --> 00:03:31.094 guy, high draft pick, et cetera. 00:03:31.689 --> 00:03:35.979 And I was just sharing with him how, uh, there was a client of ours who plays with, 00:03:36.249 --> 00:03:41.739 uh, team in LA and based off some tax stuff that the team missed, we actually 00:03:41.739 --> 00:03:44.349 ended up saving that client over $80,000. 00:03:44.679 --> 00:03:47.859 And so I ran into this other guy who's a teammate of his, and I shared with him, 00:03:47.859 --> 00:03:50.799 Hey man, like, mind you, this guy's like, like I said, high draft fit, whatever. 00:03:51.249 --> 00:03:53.319 I was like, Hey man, you might wanna look into that because 00:03:53.319 --> 00:03:56.229 that's a thing that would actually be a big time benefit to you. 00:03:56.869 --> 00:03:59.359 You would think based off all the money he made, he'd be like, oh no, I'm good. 00:03:59.359 --> 00:04:00.079 He was like, no, dude. 00:04:00.079 --> 00:04:02.929 Let me know what the information, send me all the things you can send me 00:04:03.079 --> 00:04:04.579 because I don't wanna miss out on that. 00:04:04.579 --> 00:04:05.899 Whatever that amount might be for him. 00:04:05.899 --> 00:04:07.369 Maybe it's less, maybe it's more. 00:04:07.699 --> 00:04:11.089 And so for me, what stood out was that it doesn't matter how much people 00:04:11.089 --> 00:04:15.109 are making right now, there's still a sensitivity to money that is leaking 00:04:15.109 --> 00:04:19.914 outta their pockets, either intentionally, uh, that's or maybe unintentionally 00:04:19.914 --> 00:04:20.554 that they don't know about. 00:04:21.544 --> 00:04:22.114 Riccardo Stewart: Door open. 00:04:23.239 --> 00:04:23.689 Yeah. 00:04:23.959 --> 00:04:28.219 Well, we talk about this situation, Zach, and situational 00:04:28.219 --> 00:04:30.019 football, situational investment. 00:04:30.949 --> 00:04:33.199 I, I just wonder in terms of, I. 00:04:34.069 --> 00:04:38.089 Today and now, and I know you're talking to a lot of our clients and 00:04:38.089 --> 00:04:41.779 you're usually the person on the team that everybody calls is, is what do 00:04:41.779 --> 00:04:48.349 I do if I'm a current NFL player, like my age, my income, so forth. 00:04:49.549 --> 00:04:51.169 Zach Miller: So I can't emphasize this enough. 00:04:51.229 --> 00:04:52.819 You gotta stick to your plan. 00:04:53.449 --> 00:04:57.589 You don't get midway through the game, have some adversity, and just rip up 00:04:57.589 --> 00:05:02.809 and just com Create a new game plan if you're well diversified, if you, 00:05:02.839 --> 00:05:07.039 if your team you work with has planned for these events like we do here. 00:05:07.744 --> 00:05:09.604 You're already set up to take advantage of this. 00:05:09.604 --> 00:05:14.494 So one of my biggest pieces of advice is as an NFL player, you have the 00:05:14.494 --> 00:05:19.054 opportunity to keep earning great income and put that money to work. 00:05:19.474 --> 00:05:24.154 So down markets are an opportunity for you every, every transaction in the market, 00:05:24.154 --> 00:05:26.014 every time you see those big down days, 00:05:26.494 --> 00:05:26.734 there's 00:05:26.734 --> 00:05:28.294 a buyer for every seller. 00:05:28.564 --> 00:05:33.244 So if you are that buyer, you are coming in and scooping up deals at discounts on. 00:05:34.264 --> 00:05:38.074 Great investments that have always in the past, recovered 00:05:38.074 --> 00:05:39.634 markets have always recovered. 00:05:39.964 --> 00:05:41.974 So yes, every crisis is gonna feel different. 00:05:41.974 --> 00:05:46.444 You're gonna feel, um, you're gonna feel a new reason to want to sell 00:05:46.444 --> 00:05:50.914 a new reason to panic, but when you have a strong hand, like every NFL 00:05:50.914 --> 00:05:52.774 player does with that kind of income. 00:05:53.374 --> 00:05:56.344 Um, you should be, you should feel good about buying. 00:05:56.344 --> 00:05:58.924 You should feel good about putting money to work. 00:05:59.284 --> 00:06:00.934 You shouldn't shy away from the markets. 00:06:00.934 --> 00:06:05.374 Your advisor should educate you and keep you informed as much as possible. 00:06:05.584 --> 00:06:08.764 And for a long-term investor, those short-term market moves, they just don't 00:06:08.764 --> 00:06:13.714 matter In the grand scheme of things, You're not planning to sell for decades as 00:06:13.714 --> 00:06:17.374 a long-term investor, which we recommend everyone be a long-term investor. 00:06:17.374 --> 00:06:19.384 All you do as a short-term investor 00:06:19.384 --> 00:06:20.464 or short-term trader. 00:06:20.719 --> 00:06:20.959 Is 00:06:20.959 --> 00:06:25.729 get eaten up by capital gains and misses, uh, missing out on market returns. 00:06:26.089 --> 00:06:30.379 And so staying, staying a long-term investor during these times, and that's 00:06:30.379 --> 00:06:35.149 with the caveat that you're diversified, that you own, um, thousands of companies 00:06:35.149 --> 00:06:37.399 that all are gonna navigate tariffs. 00:06:37.399 --> 00:06:39.949 They'll navigate the next crisis, they will navigate them. 00:06:39.949 --> 00:06:44.149 It doesn't look good in the short term, but they, they will come out 00:06:44.149 --> 00:06:46.489 ahead and they will provide, um. 00:06:46.979 --> 00:06:49.379 Those returns as they have in the past. 00:06:49.769 --> 00:06:53.699 Um, there's no guarantees, but that's, that's what markets have done in the past. 00:06:53.699 --> 00:06:55.109 So you can bank on that. 00:06:55.109 --> 00:06:56.489 You can bank on your 00:06:56.489 --> 00:06:57.029 financial 00:06:57.029 --> 00:07:00.479 plan, assuming your team has built out a protective reserve, 00:07:00.479 --> 00:07:05.459 assuming they have built out, um, that strategy with cash flow so. 00:07:05.459 --> 00:07:09.184 that you can smartly put money to work when markets do what they're doing now. 00:07:10.009 --> 00:07:10.609 Riccardo Stewart: That's good. 00:07:11.269 --> 00:07:15.619 Like, Sam, I'm gonna put you on the spot as you hear Zach talk and then, and you 00:07:15.829 --> 00:07:20.119 hear him answer the question, what sort of things come to your mind a as as it 00:07:20.119 --> 00:07:23.779 relates to the, the men and women who you've been talking to and listening from? 00:07:25.084 --> 00:07:29.224 Sam Acho: The biggest thing that comes to my mind is to see this as an opportunity. 00:07:29.764 --> 00:07:30.544 What do I mean by that? 00:07:30.544 --> 00:07:36.394 I remember I got drafted in 2011, and that was right after the financial 00:07:36.394 --> 00:07:38.824 crisis of 2008 2009 and I remember. 00:07:39.169 --> 00:07:40.669 I didn't see that as an opportunity. 00:07:40.669 --> 00:07:43.609 I instead was afraid, y'all heard the story about Giannis who said, okay, 00:07:43.849 --> 00:07:47.419 I have all this money and there's FDI insurance at banks, so I'm gonna put 00:07:47.419 --> 00:07:48.649 my money at all these different banks. 00:07:48.649 --> 00:07:51.289 So it can kind of be, in short, it's like there's better ways to 00:07:51.289 --> 00:07:54.439 actually think through crises. 00:07:55.159 --> 00:07:57.949 And I think one of the ways is almost like Zach saying is thinking 00:07:57.949 --> 00:08:01.519 not just for the next 5 years, but think for the next 50 years. 00:08:01.669 --> 00:08:05.599 Not just the fi next five minutes, but the next, you know, like five, like. 00:08:05.959 --> 00:08:08.989 5, 10, 15, 20 years thinking long term. 00:08:09.499 --> 00:08:15.589 Uh, I think as I go back to it now, when I made the NFL and and walked 00:08:15.589 --> 00:08:18.769 into a, a, a large sum of money, that would've been a great opportunity 00:08:18.769 --> 00:08:20.659 after that crisis to invest. 00:08:21.079 --> 00:08:22.279 But I didn't, I made a mistake. 00:08:22.279 --> 00:08:24.559 I said, I took the yoss approach, like, okay, how do I keep my 00:08:24.559 --> 00:08:26.299 money as safe as possible? 00:08:26.599 --> 00:08:30.319 So if you have people who you trust, which is hard, I get it, but people 00:08:30.319 --> 00:08:35.389 you trust who actually understand what, what the markets have done in the past. 00:08:35.959 --> 00:08:39.259 At least can give you a, a basic understanding of, okay, what may happen. 00:08:39.259 --> 00:08:41.779 No one knows the future, but what may happen or what has happened. 00:08:42.169 --> 00:08:45.139 That'll give you a better understanding of the opportunity that's at 00:08:45.139 --> 00:08:47.839 hand rather than walking in fear. 00:08:49.564 --> 00:08:52.114 Riccardo Stewart: Professor, why don't you wrap it up for us. 00:08:53.074 --> 00:08:56.974 Two things I'd like you to give our listeners, NFL players. 00:08:57.334 --> 00:09:01.564 Two things to consider when we see markets do what they're doing right 00:09:01.564 --> 00:09:04.234 now and maybe one thing not to do. 00:09:05.869 --> 00:09:06.409 Jeff Locke: Love it. 00:09:06.769 --> 00:09:11.389 I think first thing you consider is, how does this impact my plan? 00:09:12.049 --> 00:09:12.469 Right? 00:09:12.589 --> 00:09:13.219 Point blank. 00:09:14.659 --> 00:09:15.679 Has my plan changed? 00:09:15.739 --> 00:09:16.669 Have my priorities changed? 00:09:16.669 --> 00:09:18.349 Has something changed with my family situation? 00:09:18.499 --> 00:09:20.689 Do I wanna do something different with my money in the future? 00:09:20.929 --> 00:09:24.589 None of that's changed if your plan is built right, this doesn't 00:09:24.589 --> 00:09:27.349 impact you in the slightest, right? 00:09:28.399 --> 00:09:34.459 Second, stock market corrections are a feature of the market, not a flaw. 00:09:35.419 --> 00:09:39.979 The reason that you earn money in the stock market is because there is such a 00:09:39.979 --> 00:09:44.239 potential to lose money if you don't hold it together when the markets are down. 00:09:44.539 --> 00:09:50.179 That's why you earn is by having your behavior in check during 00:09:50.179 --> 00:09:51.829 these times when others don't. 00:09:52.279 --> 00:09:56.119 That's why you earn more than them, The thing not to do. 00:09:56.389 --> 00:10:01.459 Piggybacking on that is to act rashly out of emotion. 00:10:01.459 --> 00:10:02.479 When you see a headline, I. 00:10:03.079 --> 00:10:03.409 Right. 00:10:03.409 --> 00:10:06.169 Think about who those headlines are for, right? 00:10:06.169 --> 00:10:07.729 And what those headlines are meant to do. 00:10:07.819 --> 00:10:11.989 They're meant to drive clicks and earn, ad earn, ad revenue, right? 00:10:11.989 --> 00:10:15.829 It's not actual specific advice for you and your situation. 00:10:16.549 --> 00:10:21.229 So take a breath for what we all gotta do in these situations and stick to the plan. 00:10:22.429 --> 00:10:22.954 Riccardo Stewart: I love it. 00:10:23.374 --> 00:10:23.764 I love it. 00:10:23.764 --> 00:10:27.124 I guess the, one of the ways to just wrap all that together is we started 00:10:27.124 --> 00:10:28.444 off with situational football. 00:10:28.444 --> 00:10:31.264 We know some of the best leaders, whether it be point guards, quarterbacks, 00:10:31.264 --> 00:10:35.314 receivers, D ends in those situations where the game was on the line. 00:10:35.899 --> 00:10:39.229 The people who you look forward to or you look to for leadership are 00:10:39.229 --> 00:10:41.179 those with the non-anxious presence. 00:10:41.389 --> 00:10:45.379 And so the one thing we would say to wrap it all up is have a non-anxious presence. 00:10:45.529 --> 00:10:49.069 Trust in your plan, trust in the team that you've, that you've hired. 00:10:49.399 --> 00:10:51.049 And, uh, continue to ask questions. 00:10:51.349 --> 00:10:53.869 If there's anything we said today that you have questions on or you wanna 00:10:53.899 --> 00:10:57.559 know, what does it mean to even have a plan, uh, please reach out to us. 00:10:57.619 --> 00:11:01.789 You can, uh, text us at 6 0 2 9 8 9 5 0 2 2.