What is your favorite kind of chips? For Austin & Josh, it’s either Doritos, Lays, or the small pieces of semiconducting material that’s in all of our technology today! On this week’s episode, the guys will talk you through three broad categories of chips used in technology, some applications, The Dow Theory (& the Dad Theory), and how you could possibly invest in chips to diversify your portfolio. Listen to this week’s episode today & don’t forget to subscribe to The Invested Dads Podcast!
Main Talking Points
[1:01] – #1: Processors
[4:29] – #2: Cellular Chips
[6:09] – #3: Semiconductors
[7:36] – Applications for Chips
[10:19] – The Dow Theory & The Dad Theory
[15:38] – Dad Joke of the Week!
[16:24] – How You Can Invest in This Trend
Links & Resources
Article by Nvidia – What’s The Difference Between a CPU and a GPU?
Episode 005: Dividend Investing for Dummies
Invest With Us – The Invested Dads
Free Guide: 8 Timeless Principles of Investing
Social Media
Full Transcript
Intro:
Welcome to The Invested Dads Podcast, simplifying financial topics so that you can take action and make your financial situation better. Helping you to understand the current world of financial planning and investments, here are your hosts, Josh Robb and Austin Wilson.
Austin Wilson:
All right. Hey, hey, hey. Welcome back to The Invested Dads Podcast, the podcast where we take you on a journey to better your financial future. Today, we’re going to be talking about chips.
Josh Robb:
My favorite topic. So, I’m going to start by Doritos.
Austin Wilson:
And Fritos.
Josh Robb:
That’s right.
Austin Wilson:
And Lays.
Josh Robb:
Wavy?
Austin Wilson:
No, we’re actually not talking about that kind of chips, but more like technology components in general. And there’s a handful of different categories we’re going to talk about: graphics cards, memory cards, semiconductors.
Josh Robb:
Semiconductors. So, if trucks were in an orchestra, that would be the person that led them?
Austin Wilson:
I mean… Yeah.
Josh Robb:
Yeah, semiconductors. Yes.
[1:01] – #1: Processors
Austin Wilson:
Semiconductors. So, I think we need a little bit of help kind of narrowing our focus on what this really is. So, I tend to think of chips in three broad categories. These are, number one, processors.
Josh Robb:
Okay.
Austin Wilson:
So, like CPU, computer… central processing unit. So, according to a great blog, which I’ll link in the show notes, it was actually written by Nvidia, the company. The central processing unit can be thought of, right, as the brains of a device. So, I think of Intel’s i series processors and things like that.
Josh Robb:
Yeah.
Austin Wilson:
Like the brains of a computer.
Josh Robb:
And that’s not the memory where it stores everything, but it’s how fast and what it can do-
Austin Wilson:
Correct. Yeah.
Josh Robb:
For working programs or running things.
Austin Wilson:
It’s like oomph.
Josh Robb:
Yes. Okay.
Austin Wilson:
But also related to oomph and ultra-high performance oomph-
Josh Robb:
Yes.
Austin Wilson:
Is graphics cards.
Josh Robb:
Graphic cards.
Austin Wilson:
So, GPU, graphics processing unit. And that was from the same post written by Nvidia, which ironically, Nvidia makes amazing graphics cards. They described the graphics processing unit as the soul of a device. So, recently, in the last 10 years or so, high-performance graphics cards have become mainstream in many more devices than just computers, as we all have more devices. We’re wearing them. We have them in our pocket, we’re wearing them on our wrist, these kinds of things. This is a huge component of super high-performance speed requirements that you need for things like gaming and cryptocurrency mining. If you want to know more about cryptocurrency mining, we did do an episode about that.
Josh Robb:
That’s right.
Austin Wilson:
And we’ll link that in the show notes as well.
Josh Robb:
When you think about these new games that they’re playing on PCs, you always hear about people customizing their PC, where they’re changing things out.
Austin Wilson:
Yeah. That’s exactly-
Josh Robb:
So, these are the components that they’re changing out.
Austin Wilson:
Yeah. It’s exactly what they’re doing.
Josh Robb:
The CPU and the GPU, okay.
Austin Wilson:
Yep. Those are the most common upgrades that people can make. Obviously, they want a lot of what’s called RAM, which is random access memory. And the more RAM you have, the faster your computer can retrieve things and calculate things and do things quickly. So, that’s a very big requirement for gaming, but also in tandem with that, is going to be the graphics.
So, nowadays, PC gaming has really taken off in the last handful of years. When I was in college, when I was in high school, and even today, I still have a console. I have an Xbox One. I feel like it’s awesome and super fast, but the hardcore gamers in the world nowadays, they’re all on PCs. And it’s because you can upgrade these PCs and get insane graphics. Ultra high speed and frames per second is just off the charts now, so.
Josh Robb:
And so, if you’re playing a game where speed matters or reaction timing-
Austin Wilson:
Yes, accuracy, and all that.
Josh Robb:
And accuracy and reaction time matters, you’d want a nice graphics card so it can render the graphics in a more clear and crisp way.
Austin Wilson:
I mean, so imagine you’re playing… I don’t even…
Josh Robb:
Fortnite.
Austin Wilson:
I’ve never played Fortnite. That is a sign of how out of touch I am. But imagine you’re playing Fortnite, and Josh…
Josh Robb:
Yes?
Austin Wilson:
Has a super high-performance Nvidia chip graphics card in his computer, and he’s able to do things faster, kill things faster, shoot faster, aim quicker, all of these different things, move around faster, because he can react faster. And I’m playing against Josh and I’m on my old Sony Vaio laptop from college, which had nothing fancy and it would hardly work with YouTube. So, who’s going to win?
Josh Robb:
Yeah. There’s advantage-disadvantage there.
Austin Wilson:
There’s a big advantage there. So, that is graphics cards.
[4:29] – #2: Cellular Chips
Austin Wilson:
Next is cellular chips. So, if you think of what your cellphone runs on specifically, or if you have a cellular watch or an iPad that’s cellular, typically, there’s going to be a chip in there that allows your phone or your device to access cellular data. And what that does is, between 3G, 4G, 5G, specifically, things like Qualcomm, they develop this technology. Their chips allow you to access, not even nowadays, so you’re going to have a 4G phone, probably not, maybe not a 5G phone. That’s kind of coming.
Josh Robb:
It’s coming.
Austin Wilson:
But like a 4G phone, you can access 3G, and those chips in your phone allows you to access the whole spectrum of the service, which is pretty, pretty cool. So, Qualcomm is like-
Josh Robb:
And it’s global too.
Austin Wilson:
Exactly.
Josh Robb:
Those phones, you can buy international. You can go anywhere and it picks up and is able to move different data.
Austin Wilson:
And what’s interesting is that some of these developing markets, they’re skipping some of these earlier… The U.S. started at the beginning, Europe, most of Western Europe-
Josh Robb:
It’s like half a G.
Austin Wilson:
Yeah, it’s like G, just had G.
Josh Robb:
It was just G.
Austin Wilson:
I don’t even know, but I can remember…
Josh Robb:
It’s lowercase G, probably, too.
Austin Wilson:
I remember when 3G came out.
Josh Robb:
Yeah.
Austin Wilson:
And that was a big-
Josh Robb:
That was fast.
Austin Wilson:
That was a big deal.
Josh Robb:
Super fast.
Austin Wilson:
And now, 4G was out. Well, I think 4G’s very fast. I don’t know why you would want more, but 5G is coming. Some 5G is available in some big cities and stuff like that. And it’s coming. It’s just the next, the G stands for generation, next generation of wireless signal speed and strength and integrity and all of this stuff, but the infrastructure required to build it out is substantial. So, cellular chips is another one.
[6:09] – #3: Semiconductors
Austin Wilson:
Then we move on to like an umbrella term. Semiconductors, what Josh was talking about, the guy who’s conducting the semi-trucks. No, actually, semiconductor is very broad, but it’s pretty much a little chip that has two little legs and a bunch of silicone, a goob, like a glob.
Josh Robb:
Yep.
Austin Wilson:
And various densities and types of silicone and amounts cause different delays or processes when the signal goes through it, from one to the other end of it. These things that, I mean, millions and millions are made of them every day, and they’re in every single device you touch.
Josh Robb:
That’s crazy. I mean, when I think about that, you see the size of these chips, these semiconductors, you just tell-
Austin Wilson:
Yeah, they’re so small.
Josh Robb:
They’re minute and it’s just, that’s where the data flows through. That’s what all this is powered through. It’s incredible. And silicone, like this little gooey liquid stuff you put on and then it kind of semi-hardens and then electricity flows through it, and it does something. It’s crazy.
Austin Wilson:
I was reading that it’s just, there’s a lot of… There’s not a lot. There’s some really big names in semiconductors. Those are kind of the names you think of like NXP Semiconductors or whatever. There’s some big companies out there, but not many people can join onboard as companies because they make so many of these teeny little things that the margins are like nothing, so.
Josh Robb:
Yeah.
[7:36] – Applications for Chips
Austin Wilson:
Semiconductors in general. So, Josh, what are some applications that some of these products can be found in?
Josh Robb:
Well, I think when we go back and think about some of the stuff we talked about in the past, when we’ve talked about software within technology, companies who are doing software and technology, a lot of times, there’s a hardware component for how these software firms’ platform that they need to be on. So, take Facebook, for example. We’ve talked about them. You can’t access Facebook unless you have a phone or a computer somewhere to access the Internet to get there. So, the hardware components are in all those things that you use for technology.
Austin Wilson:
Right.
Josh Robb:
And so, cellphones, like you mentioned, computers, watches, like you said, all this new, smartwatches, that needs it. In some of the even the newer… For instance, we were shopping for a new refrigerator a little while back, and there’s some crazy fridge out there that can access the Internet and have a little screen on the front. Those have it in there. I mean, appliances now, autonomous vehicles. We had a whole episode on that. Obviously, they’ll have it. Anywhere you think of technology that’s accessing some sort of data, semiconductors are involved.
Austin Wilson:
Yeah. Yeah, and think about, we talked about it a little bit, but gaming and cryptocurrency mining, those require some very powerful computers that use all of these different components we talked about, but a big, two big areas that I think are up and coming in this is that of artificial intelligence for one. And machine learning, that area specifically is something that has been growing, but it’s only going to grow going forward.
Josh Robb:
Right.
Austin Wilson:
And it’s how we are going to be understanding data. It’s how we’re going to be managing… We live in a big data world. So, artificial intelligence and these computers that can essentially think. They’re programmed to think and learn.
Josh Robb:
And to learn. That’s crazy.
Austin Wilson:
They take tons of power and tons of high-performance chips and GPUs and CPUs to do all of this. It takes massive amounts of power to do that. And the fact that artificial intelligence is a growing field, that is a huge area going forward as well as data centers. So, if you’re on Facebook, where do you think all that data is stored?
Josh Robb:
Yeah. And Zuckerberg is…
Austin Wilson:
It’s not… Yeah, it’s Zuckerberg’s closet. It may be when he was in college, it was. But all of the data from everything that we use is collected and stored and managed and manipulated in supercomputers in these big data centers, where there… It’s just rooms of computers.
Josh Robb:
It’s climate-controlled rooms to keep them cool.
Austin Wilson:
I know.
Josh Robb:
Because that’s a lot of…
Austin Wilson:
Yeah.
Josh Robb:
Like you said, there’s a lot of power and with that comes heat. And so, you have to really monitor that.
[10:19] – The Dow Theory & The Dad Theory
Austin Wilson:
So, yeah, that is another up-and-coming kind of area of growth in this specific area. So, one thing I’m going to talk about that I don’t think is going to make sense right away, but we’re going to, it’s going to make sense when we’re done.
Josh Robb:
Okay. I’m ready.
Austin Wilson:
Dow theory, you’re familiar, Josh, right?
Josh Robb:
The Dow theory.
Austin Wilson:
The theory of Dow.
Josh Robb:
Walk me through it. The theory of Dow.
Austin Wilson:
Okay. So, anyway, the Dow theory is, really, that for decades, and even to some extent today, many investors believed that the Dow Transports index has been a leading indicator for the broader stock market. And this is because our outlook of a company’s earnings drives the stock market up and down. So, as forward thinking and estimates change, up or down, so does stock markets. Well, as companies purchase items to sell, or consumers buy them, these transportation companies have to get the goods to where they’re going to be sold, to the end customer or to another retailer or whatever. So, those actual purchases and their business leads the earnings impact that’s actually going to occur on Wall Street down the road.
Josh Robb:
Makes sense. So, you think of shipping.
Austin Wilson:
Right.
Josh Robb:
So, if you see a lot of shipping happening, a lot of trucks out on the road, moving stuff, then our economy must be humming and things must be going pretty well.
Austin Wilson:
Exactly.
Josh Robb:
So, that’s the theory is-
Austin Wilson:
Leading-
Josh Robb:
If you see those trucks out there and you see the companies that run the trucks doing well, it’s telling you the economy is doing well, so they’re out ahead of it.
Austin Wilson:
Right. And so, yeah, it’s ahead of the stock market as a leading indicator, so.
Josh Robb:
Awesome.
Austin Wilson:
And many people-
Josh Robb:
And if it slows down, then it’s leading into saying, “Okay, there’s something going on.”
Austin Wilson:
Things are slowing down.
Josh Robb:
Prior to other companies announcing, “Hey, look, we slowed down on sales.”
Austin Wilson:
So, similar to that, the cyclicality, the ups and downs of demand, semiconductors have a very similar path. So, demand for technology products, much like that of broader consumer and business purchases, that cyclicality is very real. Often, these products are viewed as more of a luxury. And that leads to more drastic demand swings, both up and down, when compared to the broader market. So, with that in mind, let me introduce you to our new theory. We’re going to call it Dad theory.
Josh Robb:
All right. So, like the Dow theory…
Austin Wilson:
But not quite.
Josh Robb:
But Dad.
Austin Wilson:
Dad theory. So, it’s a different spin, but we believe that semiconductors, so those little tech nuggets that have various functions in nearly everything we touch, are the new leading index. And a good way to track that is with the Philadelphia Semiconductors Index. So, trademark pending on the name, Dad theory, but that’s where we’re at.
Josh Robb:
So, the thought being, maybe there’s not as much stuff being shipped, but that doesn’t mean our economy is slowing down. Because when you look at technology companies, they’re not necessarily shipping anything over roads.
Austin Wilson:
Exactly.
Josh Robb:
Because it’s being delivered digitally.
Austin Wilson:
It’s a lot different.
Josh Robb:
So, watching the semiconductors would show you how maybe some online and some more technology-focused revenue within our economy is being generated and the ups and downs of that flow.
Austin Wilson:
Right. So that, along with the fact that, as our lives become increasingly digital, we’re purchasing more or less depending on the cycle and where we’re at in the market, of devices that use these chips, and that ultimately will lead the broader market. So, specifically, as we’re recording this, and we’re recording this in early June 2020, the Philadelphia Semiconductors Index today hit its all-time highs again, coming out of the COVID-19 bear market. Wow. That was crazy. So that, if we’re-
Josh Robb:
It’s already back up, all-time highs.
Austin Wilson:
So, it’s already back right above where it was in March.
Josh Robb:
Oh, wow.
Austin Wilson:
So, what that means… Well, right now. So, for reference, the S&P is still like 7% off of its all-time highs.
Josh Robb:
We’re early June.
Austin Wilson:
Yeah, early June 2020. So, we feel like this is a pretty bullish call that the broader market is being led by semiconductors. Semiconductors have now regained their all-time highs, the broader stock market, or specifically, the S&P 500, probably going to follow suit before too long, as it kind of continues this rebound rally out of COVID-19. So, I do want to tell everyone that this is not really brand new thinking. We’re not breaking new ground here. This is a discussion that people have had for a long time. We put a fun name on it.
Josh Robb:
That’s right.
Austin Wilson:
And, but we take no credit for this being completely original, but it is definitely worth talking about when we’re talking about these components.
Josh Robb:
Yeah. And when we talk about leading indicators, those type of things, they’re not perfect, but they help you at least look at trends and direction of the economy and where things are going. So, it’s always good to have kind of those thoughts. And again, transports worked for a while. They’re not maybe quite as consistent as they were in the past, so take it for what it’s worth, but it does seem to help at least show an indicator of direction from those semiconductors.
Austin Wilson:
Exactly.
Josh Robb:
The other thing to note about semiconductors, in general, within that industry is they tend to be pretty well-established, mature companies. Like you mentioned, Austin, there’s not a lot of new ones showing up in this semiconductor area.
Austin Wilson:
It’s hard to get in.
Josh Robb:
There’s just not a lot of spread there for them to make a profit. And you’ve got to try to earn market share in these big companies. They have the bulk of it.
Austin Wilson:
And you’ve got to have massive scale to compete. And there’s only a handful of companies that do.
Josh Robb:
And they’re… From a tech standpoint, not a lot of tech companies pay a dividend.
Austin Wilson:
Right.
Josh Robb:
And if they do, it’s pretty low, but they’re some of the higher-dividend payers in the industry too, which makes them appealing for certain types of investors as well.
Austin Wilson:
Correct.
Josh Robb:
So, it is an interesting space to look at, from that standpoint.
Austin Wilson:
Man, we should probably do an episode on dividend investing.
Josh Robb:
That would be great.
Austin Wilson:
Oh, wait. We did. Check that out. Link in the show notes below.
Josh Robb:
All right.
[15:38] – Dad Joke of the Week!
Austin Wilson:
So, Josh, I have been waiting all week for your dad joke of the week because I said that Josh was going to make it, not me.
Josh Robb:
Yes. So, dad joke of the week. All right. I saw this online, so I can’t take credit for it, but it made me laugh, so I thought I’d write it down and bring it in. Okay. Austin, what is worse than when it’s raining cats and dogs?
Austin Wilson:
I would say raining just cats, because I like dogs.
Josh Robb:
Nope. Hailing taxis.
Austin Wilson:
I mean, that would be rough.
Josh Robb:
Yes.
Austin Wilson:
That would be rough.
Josh Robb:
I mean, that would be painful, but hailing taxis is no fun anyways. But when you look at it from that standpoint…
Austin Wilson:
That’s such a play on words.
Josh Robb:
It is. Hailing with your, like, come over here.
Austin Wilson:
But also hailing?
Josh Robb:
But hailing down because it’s raining cats and dogs. There’s a lot to think about. So, if you need to rewind and listen to it again, and you’ll really get the depth of that joke.
[16:24] – How You Can Invest In This Trend
Austin Wilson:
So, I think now, we should probably talk about how we can invest in this trend, because that’s what kind of what we like to leave as a takeaway is, some ways to gain exposure to these growing areas of the economy and of the stock market, so.
Josh Robb:
Individual stocks.
Austin Wilson:
Yeah, individual stocks.
Josh Robb:
First to come to mind?
Austin Wilson:
The first ones that come to mind, one would be-
Josh Robb:
Pepsi?
Austin Wilson:
Pepsi chips.
Josh Robb:
They own Frito-Lay. Frito-Lay. So, that’s my play into the chip industry.
Austin Wilson:
Yeah, there’s Josh’s play. So, in the technology chips…
Josh Robb:
Sorry, yes.
Austin Wilson:
You could even go for things like Qualcomm, like we talked about, NXP Semiconductors, Intel, Nvidia, AMD. These are all companies that are well-established, mature, and still in a very high-growth… It’s an interesting environment because traditionally, you have mature, stable companies who pay a nice dividend, or you have a high-growth industry.
Josh Robb:
Yeah.
Austin Wilson:
But in this kind of segment of technology…
Josh Robb:
It’s a little bit of both.
Austin Wilson:
Component segment of technology, you have both. And I think that’s a really, really lucrative place. Because you can still get growth and income, which are two things investors like.
Josh Robb:
And again, Austin, these are not recommendations.
Austin Wilson:
Not recommendations.
Josh Robb:
We’re just telling you what’s in this sector, what’s some of the companies that are playing out in there. We always encourage you to talk to your financial advisor about that. If individual stocks are not your cup of tea, so to speak, ETFs, what are out there for that?
Austin Wilson:
Yeah. So, there are some ETFs specifically looking at semiconductors, and we talked about the Philadelphia Semiconductor Index as the actual index. Well, you can never invest in the actual index.
Josh Robb:
Okay.
Austin Wilson:
So, because that’s managed by-
Josh Robb:
It’s not tradable.
Austin Wilson:
Yeah, it’s not tradable, it’s managed by pretty much a benchmark company. And yeah, you cannot buy the S&P 500, but you can buy an exchange-traded fund that is-
Josh Robb:
Tracking it.
Austin Wilson:
That tracks the S&P 500 and has nearly identical weightings and movements and stuff like that.
Josh Robb:
They try to mimic the return.
Austin Wilson:
Yes.
Josh Robb:
For whatever you are trying to-
Austin Wilson:
And they are darn close.
Josh Robb:
Yeah, they do. Minus their expenses, usually they’re pretty close.
Austin Wilson:
Which are quite low for a lot of these passive ETFs. So, specifically, mimicking the Philadelphia Semiconductor Index is the Philadelphia Semiconductor ETF, which is an iShares product, I believe. And the ticker is SOXX. Another one is the VanEck Semiconductor ETF, and that ticker is SMH. And that’s the one they use on CNBC a lot.
Josh Robb:
What, why, again, I always come back to, if you’re naming your thing, especially with ETFs, because there’s not as many out there-
Austin Wilson:
So many options.
Josh Robb:
You have, I mean, chip, C-H-I-P. I mean, is there one out there? I don’t know. I have to look it up but-
Austin Wilson:
S-E-M-I, semi.
Josh Robb:
I don’t know. It’s crazy out there. Yes. I mean, there’s just so many. You’re missing out.
Austin Wilson:
So, also, I would probably point out that if you are invested in a well-diversified, specifically, U.S. but probably global as well, equity mutual fund, you’re probably going to already have some exposure to this.
Josh Robb:
So, if they’re checked in the S&P 500, like you mentioned-
Austin Wilson:
Exactly, you will have that.
Josh Robb:
That is a piece of the S&P 500, you will have some exposure there.
Austin Wilson:
It is. So, technology is a sector in the S&P 500, and then semiconductors is actually a sub-sector.
Josh Robb:
Or an industry.
Austin Wilson:
Or an industry, exactly.
Josh Robb:
Okay.
Austin Wilson:
So, those are kind of ways you can invest in the trend. But Josh, should you invest in this trend? Should you invest in this kind of technology, whether that be semiconductors, graphics cards, processors, just general tech components? Should you?
Josh Robb:
I would say, you should. From a personal standpoint, unless you’re Amish, you will probably already be invested in the tech sector in that you already own, without realizing it, graphic processor…
Austin Wilson:
I bet Amish people-
Josh Robb:
Some do.
Austin Wilson:
They probably, but without even knowing it, something they have has a semiconductor in it.
Josh Robb:
Yes. And so, those are the things though, those are the pieces, semiconductors, graphic cards, you probably own something at your house. You may even have something on you right now that has these things in it.
Austin Wilson:
So, what you’re saying is that you’ve already supported the stocks of these companies by your purchase, so you might as well potentially own the actual-
Josh Robb:
To answer your question from an investment standpoint, again, you need to talk to your advisor about what your goals and objectives are. But in general, when you’re looking at some sort of broad exposure, the chances are, you will probably have some sort of exposure to this.
Austin Wilson:
Right.
Josh Robb:
Because if you look at technology in general, it makes up a large portion of our life, in… As a result, our financial world tech makes up a large piece of that. It’s the largest sector within our U.S. economy and in the market. And so, semiconductors make up a piece of that. So, probably yes. Without knowing where you’re at and who knows what your goals are, probably, you’ll have some exposure there. And it makes sense.
Austin Wilson:
So, you’re not saying go all in.
Josh Robb:
Yes, I’m not saying go all in.
Austin Wilson:
Especially because of that cyclicality we talked about. Semiconductors generally go up very nicely and go down very quickly. And those are things that… You should not have everything in your portfolio probably go the same way all the time.
Josh Robb:
Yep. And you think about Intel, you mentioned their processors. Usually, when they come out with a new processor, there’s some demand, as people are upgrading their equipment, and then it kind of lolls, and then they come up with an upgrade and it kind of goes, like you said, up and down. So in general, it could be a big piece, not a big piece. It could be a part of your overall allocation.
Austin Wilson:
Right.
Josh Robb:
And within your equities, technology in general tends to be a larger piece in anyways. So, yeah, there should be exposure there.
Austin Wilson:
And we just want to remind everyone that we believe that each investor deserves great care in their investment management. And we want to let you know that we’re here for you. So, if you don’t have a financial advisor, or if you just simply want to hear more about what we do is, Josh and I work at Hixon Zuercher Capital Management. Check out the Invest With Us tab on our website. We’ll link that in the show notes below as well. We work with a team of credentialed and experienced colleagues that have worked alongside our clients for nearly two decades to help them achieve their financial goals, and we believe we can probably help you too.
Josh Robb:
And also, check out our free gift while you’re on our website: 8 Principles of Timeless Investing. There are eight themes to just talking to you about how to get on track, to help meet your longterm goals.
Austin Wilson:
So, Josh, how can listeners help us to grow this podcast and continue to help a lot of people?
Josh Robb:
Well, yeah, first of all, subscribe. That way, you’ll get the updates when we shoot out a new podcast every Thursday. Leave us a review on Apple Podcasts, if that’s where you listen. Email us any thoughts, ideas, questions to hello@theinvesteddads.com. Austin and I try to respond to all those and answer the questions when we can. And then also, please share it, if you think somebody would be interested in this topic, or if you listened to a past episode and thought, “This really would be good for so-and-so,” go ahead, share it, and help them out.
Austin Wilson:
Well, thanks, everyone for listening. Have a good week.
Josh Robb:
Yep. See you later.
Austin Wilson:
Bye.
Outro:
Thank you for listening to The Invested Dads Podcast. This episode has ended, but your journey towards a better financial future doesn’t have to. Head over to theinvesteddads.com to access all the links and resources mentioned in today’s show. If you enjoyed this episode and we had a positive impact on your life, leave us a review, click subscribe, and don’t miss the next episode.
Josh Robb and Austin Wilson work for Hixon Zuercher Capital Management. All opinions expressed by Josh, Austin, or any podcast guests are solely their own opinions and do not reflect the opinions of Hixon Zuercher Capital Management. This podcast is for informational purposes only and should not be relied upon for investment decisions. Clients of Hixon Zuercher Capital Management may maintain positions in the securities discussed in this podcast. There is no guarantee that the statements, opinions, or forecasts provided here in will prove to be correct. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses, which would reduce returns. Securities investing involves risk, including the potential for loss of principle. There is no assurance that any investment plan or strategy will be successful.
