Remember those bold predictions Josh & Austin made in the beginning of 2020? (You can listen to them here!) It’s time to revisit them! Who won the Superbowl? What was the medal count at the Olympics? Did the Fed hold steady? 2020 was not a year we could have ever predicted, which makes revisiting these 20 bold predictions pretty entertaining. Listen now to hear if Josh or Austin got any of their predictions right and to hear their new predictions for 2021.
Main Talking Points
[1:21] – Revisiting Old Predictions (Part 1)
[8:45] – Dad Joke of the Week
[10:06] – Revisiting Old Predictions (Part 2)
[16:19] – 2021 Predictions
Links & Resources
004: 20 Bold Predictions For 2020
055: Second-Half Stock Draft Review
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:
Hey. Welcome back to The Invested Dads Podcast, a podcast where we take you on a journey to better your financial future.
Austin Wilson:
It’s now 2021.
Josh Robb:
2021.
Austin Wilson:
If you recall, one of our first episodes when we launched the most epic podcast launch of 2020-
Josh Robb:
That’s right.
Austin Wilson:
… was 20 bold predictions for 2020. They were pretty bold.
Josh Robb:
They were bold and we missed almost all of them.
Austin Wilson:
Let’s just say that COVID wrecked our predictions in many, many ways, but we’re going to revisit those. And just so that we don’t set the precedent that we have to have the same amount of predictions for the next year, we’re only going to give a handful this time.
Josh Robb:
20 is a lot.
Austin Wilson:
This podcast is going to be sticking around forever, so in 2040-
Josh Robb:
That’s a lot.
Austin Wilson:
… that’s 40 bold predictions.
Josh Robb:
I don’t even have that many thoughts.
Austin Wilson:
No. We’re going to narrow it down a little bit and condense it a little bit.
[1:21] – Revisiting Old Predictions (Part 1)
Austin Wilson:
Josh, we got a lot to get through today. The first prediction that you made was about the Olympics last year. What did you say?
Josh Robb:
I said that the Team USA would lead the total medal count for the summer Olympics.
Austin Wilson:
And how’d that go?
Josh Robb:
Well, they didn’t lose.
Austin Wilson:
The US led the total case count in COVID cases.
Austin Wilson:
Obviously the Olympics were canceled, so that whole prediction was out the window which was a bummer. I love watching the Olympics, so that was, to me, a big bummer.
Josh Robb:
That’s coming this year though. We have another one. Is there one this year?
Austin Wilson:
I think they just moved it to 2021.
Josh Robb:
That’s exciting.
Austin Wilson:
Who knows? It’s too early to call whether that’s actually going to happen or not.
Josh Robb:
I’m not making any prediction on that.
Austin Wilson:
That’s too bold. Too bold.
Austin Wilson:
I had predicted, number two, that Facebook’s Libra would be an unsuccessful launch, and I was correct. It was an unsuccessful launch. There was a lot of regulation issues. Actually, I believe the project completely got pulled. There’s one in the win bucket. Josh, clothing. We got a couple of about clothes coming up. What do you think?
Josh Robb:
Our predictions three and four, I said women’s pants, dress pants in particular, would finally feature real pockets.
Austin Wilson:
It was about equality.
Josh Robb:
It was about equality.
Austin Wilson:
How’d that work out?
Josh Robb:
It was brought to my light with my wife’s frustrations with finding those for wedding shoots, needing pockets for batteries and stuff. They’re out there, but just not to the extent. They’re still needing pockets.
Austin Wilson:
We still have work to do, people.
Josh Robb:
Yes.
Josh Robb:
And then you had double-breasted suits, which again-
Austin Wilson:
It’s like a suit hug, remember?
Josh Robb:
That’s your jam.
Austin Wilson:
That suit comes way over there. Well, if it helps, I still don’t own any double-breasted suits, but I-
Josh Robb:
They’re out there?
Austin Wilson:
Everyone in 2020, the entire year, pretty much, in the finance industry, was working from their house. The dress code-
Josh Robb:
Sweatsuits is what you should have guessed.
Austin Wilson:
Sweatsuits were really in, in 2020. The double-breasted suit comeback may have had … it may take a little longer.
Josh Robb:
It’s just delayed.
Austin Wilson:
Even when people get back to the office and finance industry, a lot of them are going casual. More casual, anyway. It’s all TBD. I’m not giving myself any credit for that. I think the sweatsuit, like you said, that was the winner of mainstream finance decor and clothing. Election that happened, if you don’t recall, in 2020. That was something that did happen.
Josh Robb:
That did happen, didn’t it?
Austin Wilson:
I was wrong because I said … Well, maybe I give myself half an asterisk or something, because I said, as long as the economy does not drastically slow down, Trump will be reelected and Biden will be the democratic candidate and it will be ugly. Well, I got a couple of those things right. Biden was the democratic candidate, it was ugly, and the economy definitely slowed down, but that was really due to COVID. No one could have-
Josh Robb:
The economy in November, the economy was trending up.
Austin Wilson:
It was getting better, but obviously it was still way down from where it was pre-COVID. So I give myself half credit because some of those components were right. What did you think?
Josh Robb:
I actually said that I thought there’d be more third party folks-
Austin Wilson:
Oh, yeah.
Josh Robb:
… than ever before.
Austin Wilson:
I don’t know how to check that, but I feel you’re probably right. I was wrong.
Josh Robb:
I feel like there was fewer this year. There really wasn’t a strong third party candidate.
Austin Wilson:
I feel like people really felt like … probably a lot of people were voting against the opposite party.
Josh Robb:
There’s record number of votes for both candidates, which leads me to believe there was not record number of votes for third party.
Austin Wilson:
Good point.
Josh Robb:
If someone wants to email me with those numbers, I’d love to know.
Austin Wilson:
Well, we’ll have to get it.
Josh Robb:
There was a couple of candidates out there. Kanye West was one of them.
Austin Wilson:
Kanye.
Josh Robb:
But there wasn’t really a big, if you think of a Ross Perot, that type of one who was in the mainstream, in the debates, those type of things. I was wrong.
Austin Wilson:
Josh, you made a bold prediction about healthcare.
Josh Robb:
I said healthcare would, as we know it, forever be changed less than anyone expected. I think I was right.
Austin Wilson:
I think you were. I don’t think, really, anything changed.
Josh Robb:
I think there was too many distractions for anything to change.
Austin Wilson:
Well, the healthcare system was … it looked a lot different.
Josh Robb:
It was drastically affected.
Austin Wilson:
But the laws were not changed, anyway.
Josh Robb:
So that was pretty close to being right there.
Austin Wilson:
I predicted that you would avoid all dietary fads for the year except for donuts. How was I on that?
Josh Robb:
Pretty sure-
Austin Wilson:
You still watch your dairy. That’s a dietary fad even though it’s for your own health.
Josh Robb:
I wouldn’t call it a fad though. You can’t eat it if it bothers you. It’s not really a fad. I can’t think of any time throughout the year that I went on a-
Austin Wilson:
How was your doughnut intake year over year? 2020 versus 2019, was it more or less?
Josh Robb:
It was less with COVID and everything. My favorite donut shop-
Austin Wilson:
Fort Findlay.
Josh Robb:
… it was harder to get to. Fort Findlay donuts. The best in town.
Austin Wilson:
They really are.
Josh Robb:
It was hard to get to. I think they were even closed for a little while, if I recall.
Austin Wilson:
They were. Well, I’m going to help you make up for that a little bit because we’ll link to in the show notes, but we just released the results of our Invested Dads second-half stock draft.
Josh Robb:
That’s right.
Austin Wilson:
And I did lose quite badly to you. So we will be enjoying some donuts together.
Josh Robb:
Yes, we will. I look forward to that.
Austin Wilson:
We’ll be making up for that a little bit. Josh, you had a 5G prediction.
Josh Robb:
I said there would be a slow and somewhat boring rollout to 5G.
Austin Wilson:
I think you get full credit on that one.
Josh Robb:
I think I got that right. You just didn’t hear much about it-
Austin Wilson:
I still don’t have it.
Josh Robb:
… besides people thinking it caused you to go crazy or something.
Austin Wilson:
It caused the virus.
Josh Robb:
We mentioned that us being here in the Midwest in a small town probably wouldn’t see 5G for a little while. That seems to be-
Austin Wilson:
Maybe 2030. Who knows?
Josh Robb:
We’ll get it eventually.
Austin Wilson:
Who knows? The iPhones have them, but we can’t use them.
Josh Robb:
So then we had a thing. In our office, we do March Madness every year. Do a bracket March Madness. Spouses can participate. I had one for the last couple of years and Austin, you said that I would win this year’s. Sure enough-
Austin Wilson:
You didn’t lose.
Josh Robb:
I did not lose.
Austin Wilson:
But-
Josh Robb:
They didn’t play. That was a bummer as well because that’s always fun to look at.
Austin Wilson:
You built that into your budget. You just count on winning that every year.
Josh Robb:
I needed to. That was expensive. Oh, man, tell you what.
Austin Wilson:
That’s a lot of donuts you could buy with the winnings there.
Josh Robb:
That’s maybe why my donuts were down.
Austin Wilson:
That’s exactly why.
Josh Robb:
You had a Tesla one. What was yours?
Austin Wilson:
Tesla, if you don’t know, their stock was up 600-and-some percent throughout the year.
Josh Robb:
Did all right.
Austin Wilson:
It did okay. My bold prediction was that they would fail to launch the cyber truck on time. I had no idea COVID was coming, but they did not launch the cyber truck on time.
Josh Robb:
That’s right. They haven’t launched it yet, have they?
Austin Wilson:
Still haven’t launched it. They said by the end of the year.
Josh Robb:
That’s the bulletproof one that you can drive through the apocalypse?
Austin Wilson:
They’re supposedly redesigning it. They released prototypes-
Josh Robb:
They changed it.
Austin Wilson:
… and they were like, “Eh, we’re going to redesign it. It could be less edgy.” I don’t know.
Josh Robb:
That could have been useful in COVID-19. We’re all trying to be bulletproof-
Austin Wilson:
When you’ve got to make the toilet paper run. Got to make the toilet paper run.
Josh Robb:
You protect your stockpile in your vehicle. They cannot get it.
Austin Wilson:
Exactly. I think it’s good. It might be bulletproof, but it’s not metal ball-proof.
Josh Robb:
Oh, that’s right. They broke through it.
Austin Wilson:
Through the window, or threw it at the window.
Josh Robb:
That’s right.
Austin Wilson:
So you-
Josh Robb:
Wait, we’re halfway through.
Austin Wilson:
We are halfway through.
Josh Robb:
I think we should pause for a dad joke. We got through the first 10 of our predictions. We hit about half of them actually, give or take.
Austin Wilson:
That’s better than you would think.
[8:45] – Dad Joke of the Week
Josh Robb:
How much credit you gave for a couple of them, but not bad considering that we posted this before COVID-19 was known. We’re halfway through, let’s hear your dad joke.
Austin Wilson:
It’s more of a pondering thought, Josh. Dad used to hate the idea of having a beard. But then it grew on him.
Josh Robb:
It grew on him. I like it. During Christmas break, I took some days off and grew a beard.
Austin Wilson:
You did. It looked good.
Josh Robb:
Pretty thick. Then I trimmed it off and my youngest daughter was pretty shocked at the change in me, even though I’d only had it for two weeks.
Austin Wilson:
Lost some weight. Hair weight.
Josh Robb:
It was pretty full. It was getting itchy.
Austin Wilson:
I got some new beard oil for … I guess it really wasn’t Christmas. But Dr. Squatch is my jam. Talked about it in the subscription episode. They had a package for-
Josh Robb:
Beard oil.
Austin Wilson:
Yeah. They launched a package for Christmas with sale and stuff and for soap and stuff like that. I was like, “Hey, great time to stock up.” Well, then this thing came with some new beard oil and cologne, and I was like, “Oh cool.” So I put some of this new sandalwood bourbon beard oil in my beard. It makes me smell like sandalwood bourbon.
Josh Robb:
Sandalwood.
Austin Wilson:
I don’t know if that’s something you want to have on you all the time, but it makes me feel like a man.
Josh Robb:
There you go.
Austin Wilson:
I don’t know how manly it is to put conditioning stuff in your-
Josh Robb:
You need to treat because your skin can get real dry. You got to be careful.
Austin Wilson:
I’m just trying to take care of myself.
Josh Robb:
Take care of yourself.
Austin Wilson:
Thank you.
Josh Robb:
It is important.
[10:06] – Revisiting Old Predictions (Part 2)
Austin Wilson:
Okay. And we’re back.
Austin Wilson:
Josh, Hallmark movies are your favorite movie genre.
Josh Robb:
Oh my goodness.
Austin Wilson:
I think you made a bold prediction about those.
Josh Robb:
I said that they would come out with a new Christmas movie, but it would be written by the same people with the same bad acting and the same plot.
Austin Wilson:
I think you were right on.
Josh Robb:
I’m pretty sure I was.
Austin Wilson:
Now, everyone had a mask this year in the movies.
Josh Robb:
Honestly, I didn’t watch any of the Hallmark movies.
Austin Wilson:
No, I didn’t either.
Josh Robb:
But I’m assuming that there was the same plot and the same thing. I just know that’s just every year.
Austin Wilson:
There’s a lot of reasons that I’m thankful that we don’t actually have cable.
Josh Robb:
And that’s one of them.
Austin Wilson:
That’s one of them.
Josh Robb:
That is one of the big ones.
Austin Wilson:
There’s some cheesy movies on everything, but those are just really, really bad.
Josh Robb:
If we think all the way back to February … Was it February? Yeah, I think it was.
Austin Wilson:
That’s usually when-
Josh Robb:
Super Bowl, yeah.
Austin Wilson:
… the Super Bowl is.
Josh Robb:
Sometimes the end of January. It just depends, I guess. But February Super Bowl, you said.
Austin Wilson:
Yeah. I said that the Patriots would win the Super Bowl. And you know what? I was wrong.
Josh Robb:
That’s usually a pretty good guess.
Austin Wilson:
It was. If you’re going for the last 20 years, you’re pretty good.
Josh Robb:
You got a good chance.
Austin Wilson:
I was wrong on that. Actually, the-
Josh Robb:
Kansas City Chiefs.
Austin Wilson:
… Chiefs ended up beating the 9ers.
Josh Robb:
I believe that’s right.
Austin Wilson:
Did I watch it? Part of it, I think.
Josh Robb:
For the commercials.
Austin Wilson:
It’s good. It’s for my job. Got to know what businesses are doing what. You announced that you believed there would be a shocking twist to the end of The Bachelor. And?
Josh Robb:
Yeah.
Austin Wilson:
Someone cried?
Josh Robb:
I missed that there was also a shocking twist in The Bachelor, apparently.
Austin Wilson:
There was?
Josh Robb:
Where a lady found her guy in the second week and left, so they had to get a new bachelorette and she continued on.
Austin Wilson:
Oh, really?
Josh Robb:
Yeah.
Austin Wilson:
So they didn’t even get to go through the whole show, they’re-
Josh Robb:
She’s like, “This is my guy, I’m not even doing the rest of the thing.” So that worked out, but that would constitute the end of that lady’s season, was a shocking twist. I do know people cried, so we’re good to go there.
Austin Wilson:
You get credit on that one for sure. I predicted that the Federal Reserve would hold steady throughout the year. And guess what? I was wrong. They made two cuts and they were very large and very quick.
Josh Robb:
Back down to where we were in ’08, ’09 timeframe when they dropped it all the way back to the zero.
Austin Wilson:
So we have pretty much zero effective interest rates from the Fed. And that’s probably going to be that way for awhile.
Josh Robb:
I’m going to give you half credit. You said low inflation in the recent cut should sustain the expansion.
Austin Wilson:
But then the expansion ended.
Josh Robb:
The only wildcard is trade, but you kept low inflation, so I’m going to give you something there.
Austin Wilson:
We definitely had low inflation.
Josh Robb:
You didn’t miss that.
Austin Wilson:
Josh, you had a prediction about China.
Josh Robb:
I said we would not have a full comprehensive China trade deal in 2020.
Austin Wilson:
And?
Josh Robb:
I would say we had some agreements. I don’t know if I would say we had a full comprehensive-
Austin Wilson:
We had some disagreements, too.
Josh Robb:
Yes, we did. I would say we did not have a full comprehensive trade deal.
Austin Wilson:
For sure.
Josh Robb:
Credit for that one, I guess.
Austin Wilson:
I predicted that GDP for the US would come in around 2%. slightly higher than Bloomberg, at 1.8. I was wrong. GDP was actually negative. If you bear with me, I have it pulled up so I can get to the real number. As of September 30th, which is the most recent quarter we’ve got, GDP on a year over year basis was down 1.7%. We’re the opposite direction I actually wanted to go.
Josh Robb:
The last quarter was pretty good.
Austin Wilson:
We’ll have to see when it comes in.
Josh Robb:
It’s not going to be a two.
Austin Wilson:
It’s not going to be positive.
Josh Robb:
It’s not going to be up two.
Austin Wilson:
And it’s not going to be up two. I’m going to give myself not credit there.
Josh Robb:
Zero credit.
Austin Wilson:
Josh, what do you think about Brexit?
Josh Robb:
I said that the UK would finish their Brexit, based off of Boris Johnson having a majority there from his conservative party. Well, things got distracted there for a little while. COVID-19 showed up which caused a lot of stuff and they’re still not fully Brexited.
Austin Wilson:
They’re getting close.
Josh Robb:
But I said they would do it and they did not.
Austin Wilson:
But they did not.
Josh Robb:
Wrong on that one.
Austin Wilson:
A couple of personal predictions I made, where I thought that Max Verstappen, from Red Bull Racing, would win the 2020 F1 Driver Championship. His first.
Josh Robb:
And he did.
Austin Wilson:
He did not.
Josh Robb:
Not. Oh.
Austin Wilson:
He got third because Lewis Hamilton and Valtteri Bottas from Mercedes dominated the entire season because Mercedes had the best car. I also predicted that Marc Marquez would win his ninth Motor GP world title, and he did not. He actually crashed in the first race of the season, which was not until June, and broke his arm really, really bad, and is yet to fully recover yet. So that’s unfortunate.
Josh Robb:
It is.
Austin Wilson:
Stock market.
Josh Robb:
Where are we at? Well, I guess just to start with what I said. So I said, I’m going to end the year at 3440 is what I said. That’s about a six and half percent return on price, which gets you about an 8%, give or take. Surprising, with everything that happened, the COVID-19, the bear market we experienced through March, April, the market was actually up about double that, or a little more than that.
Austin Wilson:
It was up 18.
Josh Robb:
18, and I said about 8%. I was just about halfway there which, again, surprising. That was pretty crazy. Where were you at?
Austin Wilson:
I said 3500 for the S&P 500, which was around an 8% return, which is roughly 10% if you include dividends in there. So I was also-
Josh Robb:
We undershot that.
Austin Wilson:
… pretty under, which no one would have predicted that considering that we actually had double the return on a year where we had a COVID bear market. So we were not necessarily that close on that. Josh, final prediction that you made last year.
Josh Robb:
I said this podcast would reach 10,000 subscribers by the end of the year.
Austin Wilson:
Well?
Josh Robb:
Little did we know when we launched the podcast, we don’t actually know how many subscribers we have.
Austin Wilson:
Nope.
Josh Robb:
There’s no way of tracking.
Austin Wilson:
We could have a million.
Josh Robb:
We could have.
Austin Wilson:
We probably don’t.
Josh Robb:
I do know we had over 9,000 downloads-
Austin Wilson:
That’s right.
Josh Robb:
… throughout the year. We were just under the 10,000 download threshold. We’re going to use that going forward, more from a download standpoint. In general, we were very happy. We had a lot of good feedback from everybody listening. We continue you guys … to continue to do that. We love hearing from people who listen.
Austin Wilson:
Thank you all and stay tuned because 2021, we’re going to keep pumping them out. So keep listening.
Josh Robb:
We have some good topics to talk about.
[16:19] – 2021 Predictions
Austin Wilson:
That’s right. Let’s take a step forward from 2020 to 2021, because it’s going to take me a while to get used to saying 2021.
Josh Robb:
2021.
Austin Wilson:
But we’re in 2021. I’ve got some bold, hopefully not as bold predictions, but these are my predictions, and then we’ll go through yours. I said, number one, the Fed is going to hold interest rates steady at zero.
Josh Robb:
That’s a pretty good prediction.
Austin Wilson:
It seems-
Josh Robb:
They’ve kind of predicted that themselves.
Austin Wilson:
… they want full employment, and we’re a long way from full employment. Really, it could be a couple of years, at least, before we get down to where we were pre-COVID. Until full employment happens, they’re probably not, even if inflation happens, they’re probably not going to do that. They’ve pretty much said we’re going to have a lower for longer interest rate policy to let things run even a little hot.
I also, in predicting, that the US will, so the US stock market, will lag emerging markets and interdeveloped international stock markets. I think that the dollar weakening, and also combining that with the fact that developed international specifically is much cheaper relative to the US, I think that those are some tailwinds that are going to come for international stocks and stocks outside the US. I think that’s going to happen. I also think that small cap stocks, again, they actually, they were up 20% and the S&P was up 18. Small cap stocks, I think are going to, again, outperform large cap US stocks this year. I believe that Bitcoin will drop below $20,000 per Bitcoin at some point during the year.
Josh Robb:
Where is it at right-
Austin Wilson:
At the time we’re recording this, it was around 32-or-some thousand. It had gotten up to 34, 35,000 over the weekend. I’m thinking that’s going to have a very sizable pullback.
Josh Robb:
That’s a pretty good chunk.
Austin Wilson:
I believe the S&P 500 is going to end the year at 4,000. Putting a round number on it. That’s only 6% above where we are today. With dividends, that’s around an 8% total return.
And a bonus, to follow up. I think that Max will win the F1 drivers championship this year, but Marc Marquez will not win the Motor GP World Championship as he still has yet to fully recover.
Josh, what are your predictions this year?
Josh Robb:
You’re just … finished with the S&P. I think it’ll end at 4206.
Austin Wilson:
Ooh, he’s a bull.
Josh Robb:
Yes. That’s about a 12% return from where we ended the year. The national debt will increase. That’s a pretty big prediction.
Austin Wilson:
I don’t know.
Josh Robb:
I’m just going to say, I think we’re going to go there and it’ll be a little bit higher than we ended this year. A little bit.
Austin Wilson:
Trillions, potentially.
Josh Robb:
Then from a personal standpoint, that Cleveland, fill in the-
Austin Wilson:
Whatever they are.
Josh Robb:
… whatever they call themselves in the future, baseball team, will win the World Series.
Austin Wilson:
Wow. That seems bold.
Josh Robb:
That is a pretty big prediction considering it’s been decades.
Austin Wilson:
How can you win a championship without a name?
Josh Robb:
Decades. The Washington football team is trying to do it right now. That’s my baseball team and they’ve gotten close. They got to the World Series and the Cubs beat them a couple years ago.
Austin Wilson:
I know. My father-in-law was very excited as a Cubs fan.
Josh Robb:
In the end, if someone’s going to beat you, it’s the other team that’s had a huge drought of World Series appearances. It’s going to happen at some point. I’ll just hope to be alive when it does. Hopefully it will be this next year. Another prediction though. Oil had a rough year. Oil got destroyed.
Austin Wilson:
Oh, yeah.
Josh Robb:
I think oil is going to recover this next year. I think as things open back up, you’re going to see demand for oil pick back up.
Austin Wilson:
What do you think a barrel of oil is going to go for? If we’re around 48-
Josh Robb:
We’re about 45, 48, right?
Austin Wilson:
Depending on what day of the week you’re looking at.
Josh Robb:
I don’t think we’re going to get back up to the 80, 90, but I think 60, 65 would be where I would put my prediction.
Austin Wilson:
If we get to 60, 65, those oil companies are going to be jumping for joy.
Josh Robb:
They’re going to like it. It’s a pretty bold prediction.
Austin Wilson:
Watch out for those beaten down energy stocks.
Josh Robb:
I think we’ll get there at some point. Then the last one. You talked about Bitcoin dropping below 20,000.
Austin Wilson:
I do.
Josh Robb:
They had a great run this year.
Austin Wilson:
They did.
Josh Robb:
Was pretty excited. My prediction for Bitcoin is actually that it’s going to outperform gold. It’s becoming more and more of a place people go to when they’re worried about volatility, which seems really weird because it’s volatile in and of itself, but a different type of volatility, it seems.
Austin Wilson:
It’s very volatile.
Josh Robb:
There was talk about it being a inflation hedge and all these other weird things. I think it’s going to start nudging out gold for a while on some of those auxiliary investment things. I think it’s actually going to outperform gold this year.
Austin Wilson:
It’s a funny thing that people view, that people are flocking towards inflation hedges right now, because we don’t have any inflation.
Josh Robb:
Inflation is zero.
Austin Wilson:
Obviously, someday inflation will come up with all this money that we’ve been putting into the economy, but it’s like, when? If you can stomach those 7% drops in a day, enjoy yourself.
Josh Robb:
Well, you’re drop … What? From 30,000 to 20? That’s, what? A 30% drop, something like that.
Austin Wilson:
It’s going to be substantial, is what I’m calling it. That’s just at some point. It could rally back to where it is. Who knows? But that’s how some of those, you can’t even call it a commodity, you can kind of call it a currency, that’s how those things work. That’s just how they are.
That’s 2021 for you. I think we’ve got an interesting year coming up. Stay tuned every Thursday when we push out those episodes, and remember, on our website, there are eight principles of timeless investing. It is a nice PDF that we’ve got put together. It’s a free gift to you. Overarching investment themes meant to keep you on track to meet your long-term goals. Check it out. It’s free on our website.
Austin Wilson:
Josh, how can people help us to grow this podcast, continue to help people in this new year?
Josh Robb:
Obviously we say this a lot, but subscribe, especially on Apple podcast site. It really helps us rank higher so that more people can find us. If you know somebody who was listening to our predictions and wanted to know the outcomes, make sure you share this with them. Then always, if you have any thoughts or ideas, send us an email at hello@theinvesteddads.com. We’d love to hear from you.
Austin Wilson:
Well, until next Thursday.
Josh Robb:
Talk to 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 herein 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.
