Have you heard of NFTs? Otherwise known as non-fungible tokens, Josh and Austin dive into the subject of these unique digital files that are on the market today. They can be thought of as original photos, videos, audio, and other digital files. On this week’s episode, you’ll hear the guys discuss how NFTs get their value, how they utilize blockchain technology, and whether or not you should invest in them. Listen now!
Main Talking Points
[1:06] – What is an NFT?
[6:58] – Dad Joke of the Week
[8:32] – How Do NFTs Get Their Value?
[15:39] – Blockchain Technology
[20:10] – Should You Invest in NFTs?
Links & Resources
What is an NTF? – Techradar.com
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, Josh we are going to be talking about NFTs.
Josh Robb:
NFT. That stands for never or non fart trustables.
Austin Wilson:
Something like that.
Josh Robb:
Don’t trust a fart.
Austin Wilson:
Never trust a fart.
Josh Robb:
Never trust a fart.
Austin Wilson:
No, actually they stand for non-fungible tokens.
Josh Robb:
So you’re investing in mushrooms. Nice.
Austin Wilson:
It does kind of seem like it could be something mushroom related, but yeah, not really. They’ve really been popular this year specifically in 2021. These kind of picked up a little bit of speed in 2020 as people-
Josh Robb:
Had some money.
[1:06] – What is an NFT?
Austin Wilson:
Had some money to blow, which sounds like that’s happening again this year. So yeah, non-fungible tokens are essentially digital art and they’re selling like hotcakes, if hotcakes went for millions of dollars. And I’m a fan out of hotcake, but I’m not going to pay millions of dollars for it so I’ll just take it for what it is. So, that’s an NFT, a non fungible.
Josh Robb:
And you said it’s going for a ton of money.
Austin Wilson:
Millions, some of them. Some very cheap, 99 cents.
Josh Robb:
Right. Help me explain this because when I’m thinking of tokens like, is this Bitcoin? What are we talking about?
Austin Wilson:
So it’s a great question. So a fungible… so fungible is the keyword here.
Josh Robb:
Okay.
Austin Wilson:
A fungible thing is not unique. It’s commoditized, right?
Josh Robb:
So something is fungible-
Austin Wilson:
It’s like everyone’s got one, so like food, fungible. There’s interchangeable food. You can buy-
Josh Robb:
Mushrooms.
Austin Wilson:
A gallon of milk. Mushrooms would be fungible. Yes.
Josh Robb:
Fungi are fungibles.
Austin Wilson:
Oil is fungible. A gallon of oil is a gallon of oil. A piece of currency is fungible. A dollar bill is essentially a dollar bill. They’re all interchangeable with other ones like it. But-
Josh Robb:
Or, because I know we’re going to get into this, a baseball playing card is fungible because they make more than one of these things. I could have a Ken Griffey Jr. baseball card and you could have a Ken Griffey Jr. baseball card that look identical to each other because there’s more than one made.
Austin Wilson:
Right. Yeah. I guess that is a good point. So the second that item becomes unique in any way, it becomes non-fungible so therefore it’s not interchangeable with another item. There’s only one out there. So this is an example from techradar.com. I’ll link that article in the show notes, but it says and I quote, “Think of the Mona Lisa. You could take a photo of it and hang it on your wall, but it wouldn’t be the same or have the same value as the Mona Lisa that resides in the Louvre.” That’s my French by the way.
Josh Robb:
Louvre.
Austin Wilson:
Much like other original paintings, the Mona Lisa is non-fungible in that it’s unique. A non-fungible token is a digital representation of that. Someone might have a copy of the same digital artwork, but it’s not the original file, so that’s just it. The original digital file is what we’re talking about here.
Josh Robb:
So like I could buy a copy of the Mona Lisa that someone made and they sell those at the gift store right there.
Austin Wilson:
But did you buy the Mona Lisa?
Josh Robb:
It’s not the Mona Lisa.
Austin Wilson:
Exactly. And that’s-
Josh Robb:
Got you. And this is saying, I may have a digital picture, but I don’t have the original one.
Austin Wilson:
If you have the original digital item, that’s where the value of a non fungible token is. So for example, an original photographer’s picture. Your wife’s a photographer.
Josh Robb:
She is.
Austin Wilson:
She could have a non fungible token business.
Josh Robb:
Oh, boy.
Austin Wilson:
This is an original Steph Rob. And because it’s original, it’s not a copy of the original file. It is the original file. That one can have value where technically you could copy that file 5 million times.
Josh Robb:
I can hit copy and paste-
Austin Wilson:
But anything outside the original becomes commoditized.
Josh Robb:
And the token piece proves it’s the original.
Austin Wilson:
Correct.
Josh Robb:
Okay. We’re going to get into that, I’m sure.
Austin Wilson:
Yeah, exactly. So that is kind of where that gets its value and essentially from that point it’s supply and demand. There’s one of these originals, so there’s a fixed amount of supply and it’s really low and people will pay as much as they want for that. So yeah.
Josh Robb:
And we’re talking about, this could be just about anything digital. And I’ve seen, and there’s been some news articles about this even a sports clip, a video clip of a sports event like a dunk in basketball or a home run or something like that. If you have this thing turned into this non fungible token to have the original clip, you own the rights to that, doesn’t mean you get a royalty any time somebody uses it. In fact, it could be all over the internet, but you have the original copy of this provable digital art entertainment or whatever you want to call it and that’s where the value is.
Austin Wilson:
Yeah. It can be a picture, an original picture. It can be an original song, the digital file of that original song, an original video, even original digital trading cards or holographs or videos or whatever you’re talking about. That’s kind of where you get that. It’s the first one. It’s the original one that the artist or whoever made it left their mark. That is where the value is on that.
Josh Robb:
And digital is exciting in that it’s easier to store.
Austin Wilson:
Cloud or hard drive.
Josh Robb:
Anything like that. Like as long as you have that protected, it’s not like it’s exposed to being degraded here in the real world, where if you hang the Mona Lisa, they have to protect it from it being ruined just from the atmosphere. So some values maybe it lasts longer potentially.
Austin Wilson:
As long as there’s an internet.
Josh Robb:
Yeah. A way to show the pixel.
Austin Wilson:
Exactly. So Josh, that’s NFTs. I think that our listeners are already a little overloaded with non fungible tokens because just into me and you, we just talked about this off the air, but it doesn’t make a lot of sense.
Josh Robb:
It’s weird.
Austin Wilson:
Especially because-
Josh Robb:
As a kid who traded baseball cards, I collected them. I liked them. I still have some at home just for fun. I don’t understand why I’d ever want to pay money for a digital baseball card, but they’re at this point even more valuable than these cards I’ve had for a while.
Austin Wilson:
The part that I have a problem with is the fact that if you copy and paste the digital file, you can have an exact 100% duplicate. Now it’s not the original one, but for my purposes, it’s the same.
Josh Robb:
Yeah.
[6:58] – Dad Joke of the Week
Austin Wilson:
So, why do I care if I have the original or not? But I’m not the target audience of an NFT person who’s putting those on the marketplace or whatever. So Josh hit me up, dad joke of the week.
Josh Robb:
Here’s some little more fact oriented, but I just need to know if you know your geography.
Austin Wilson:
I don’t.
Josh Robb:
Which country’s capital is the fastest growing?
Austin Wilson:
I have a feeling it’s a funny answer, so I’m not going to… No, I got nothing.
Josh Robb:
It’s actually Ireland because every year it’s Dublin. It’s how fast they’re growing, Dublin.
Austin Wilson:
That is funny. I have never been to Europe. Have you been to Europe?
Josh Robb:
I have not.
Austin Wilson:
I’m going to go to Europe one day.
Josh Robb:
Yeah.
Austin Wilson:
Probably not getting in and out of Europe with COVID going on. Still kind of a little bit challenging, but Ireland and Dublin specifically-
Josh Robb:
Sounds like a fun place.
Austin Wilson:
It sounds like Guinness all over the place. They call it football, but it’s soccer.
Josh Robb:
There’s so much history that they have buildings older than the United States. It’s just crazy. If you think of Europe in general, the culture and the history is just crazy.
Austin Wilson:
I know. The US is what 250 years old or whatever
Josh Robb:
I was here before that, but the modern United States of America. Yep.
Austin Wilson:
Our country, 250 plus years old now, but Europe, they blink and they’ve got 250 years of history, but medieval times and before. There’s all kinds of stuff going back to Roman… I don’t know. It’s crazy.
Josh Robb:
The current queen, was she around… Yeah. She was still the queen earlier.
[8:32] – How Do NFTs Get Their Value?
Austin Wilson:
Well, she was in school for a while. She was in school there. So that is the dad joke of the week. Josh, you might asking me the question?
Josh Robb:
I’m going to ask you a question.
Austin Wilson:
Oh, you could.
Josh Robb:
How does this NFT get its value?
Austin Wilson:
Yeah. So people will pay more money for things that are more desirable and more rare, supply and demand right? We’ve talked about this a lot. So the market sets the price. Especially with these items we’ve been talking about, there’s literally one original of this artwork or this picture, or this whatever song, video, hologram, whatever. However much people will pay for that is how much it’s worth to someone. So, I mean, it’s kind of the same as any stock. It’s all about what people will pay. If there’s more buyers out there than sellers, the price of these things will go up. But in this case, your supply is limited, ultra limited.
Josh Robb:
Yeah. I mean, you can make whatever you want original, but does somebody want it, is the question.
Austin Wilson:
I think I need to go like, “I could start a business snapping pictures.”
Josh Robb:
Not even pictures. Just go into your Microsoft Paint, get your little paint going.
Austin Wilson:
This is one, one of one.
Josh Robb:
A digital pretty picture of flowers or whatever you can do with your mouse.
Austin Wilson:
Someone is doing that right now and they’re going to quit their actual job and they’re just going to go sell NFTs for $6 million.
Josh Robb:
That’s right. You know what I think part of this is too is, I think there are people with money that have maybe some sort of distrust in normal investments and they’re looking outside of normal stock market investing to put extra money. And so you look at I think part of why like I see digital currencies doing so well and again, the underlying fundamentals there I have a little bit easier time understanding than this, but in general, it’s all based on the assumption that other people agree there’s value there. If everybody tomorrow decided Bitcoin has no value, it would go away. The value would go to zero. There’s no backing of it.
Austin Wilson:
It’s not like a stock or a bond.
Josh Robb:
Or even US… I mean, there’s currencies backed by government whereas Bitcoin has no underlying backing of anything. And so this is the same way in my mind, but people are gravitating towards because it’s something different and they don’t feel like maybe they’re at a disadvantage, whereas you saw even, we did an article or a podcast on GameStop in how part of that had to do with just this David versus Goliath, you got the big hedge funds versus the little investor and how it’s kind of stacked in the favor of the big investors. So maybe this is part of that too is like, “Okay, this is something that can’t be manipulated because it’s guaranteed. I know if I own this, no one else can tell me otherwise. I have the proof that this is original.”
Austin Wilson:
I kind of view this as actual art investing meets cryptocurrency.
Josh Robb:
Yeah.
Austin Wilson:
Because art investing and investing in expensive and fancy and ultra rare art has been around forever. And it’s done very well historically, but not a lot of people have access to it for one because you have to know people, you have to know where to get it and it’s very, very expensive. This is like that was… someone who was in between generations of the crypto generation and the art generation, they’re like, “Oh man, I love Bitcoin, but also I love the Mona Lisa. Let’s just make a non fungible token of some art.” So it’s the middle ground there.
Josh Robb:
I mean, but I would think if someone that tech savvy would have come up with a better name than non fungible tokens.
Austin Wilson:
I know.
Josh Robb:
I mean, Bitcoin that’s catchy.
Austin Wilson:
It’s catchy. At least thus far, they’re not flashing random NFT tickers across the bottom of the screen on Bloomberg. So yeah, it’s interesting.
Josh Robb:
But the whole thing is, you buy this token hoping that it’ll be worth more in the future. Right?
Austin Wilson:
As with anything.
Josh Robb:
There’s not much you could do with it. It’s not like you can just… I guess you could put on a screen digitally if it’s something you can show, a picture or a video.
Austin Wilson:
You can’t transact with it.
Josh Robb:
Music you can listen to. Somebody else has to buy it from you.
Austin Wilson:
Your example of cryptocurrency, a lot of the cryptocurrencies you can actually make transactions with on the web around the world instantly, whatever. This, you’re using currency to buy this digital asset and store it and then you need to sell it on a marketplace where you’ll probably have a cut taken and then turn that into currency again.
Josh Robb:
Yeah, extra step.
Austin Wilson:
It is an extra step. So you could own one, you could own multiple NFTs and why you would do that like you had just mentioned that is really because you want to make money. You just believe it’s going to go up in value or in some cases, and this is a thing that I found very interesting. You can actually structure your sales of your NFTs so that you can automatically receive cuts of subsequent sales. So Josh, you recorded an original rap album in the late 90s.
Josh Robb:
Because I spit fire.
Austin Wilson:
You dropping mics like it’s hot. And so you make… Well, name your song.
Josh Robb:
Well, that would have to be Donuts Are Forever.
Austin Wilson:
So your number one single, Donuts Are Forever, it becomes-
Josh Robb:
Infinity. You put two donuts next to each other, you get infinity.
Austin Wilson:
Oh, that’s perfect. So then that’s your single. You have the original recording and then you can say, “Okay, I’m going to sell this in the open market with a disclaimer that every sale I want a 10% cut, because I think that Donuts Are Forever is going to go forever and be huge.” Yeah. So then that’s what happens. So you sell your song for $5 million because that’s what I would pay for it. And then it just keeps going and you just rake in the sales.
Josh Robb:
Someone sells it for seven, then I get a cut of that. And then someone sells it for nine and I get a cut of that.
Austin Wilson:
Wow. So you better start digging up those old files. So that’s why you would want to own an NFT because there are ways to make money of it. So music sales, I think, is a way to actually make a sustainable. So like if an artist wanted to put their original collection, that is something that do that.
Josh Robb:
I’ve seen some… Again, going back to me, if we’re going to talk about this making sense somewhere, original art that was made digitally and music makes sense to me because those are things. What I have a hard time with is, and I saw these early on was like I mentioned, a sports clip of LeBron James dunking a basketball, his first dunk in the NBA. Okay. But I can also go to YouTube and watch that exact clip. I have a harder time associating value with owning the non fungible token of that video.
Austin Wilson:
I agree.
Josh Robb:
When, what am I going to do to this? I can’t monetize that.
Austin Wilson:
But an original recording of the song or an original picture-
Josh Robb:
There may be value in that because I control… But those clips are everywhere. They’re out there, so it just comes back… So again trading cards. You have a baseball card. If there’s a new digitally created rookie card of somebody that it’s one of one of that, then maybe there’s value there. Somebody really wants to collect that. I don’t know what they do with it, but they collect it and hold it and put it on the screen.
Austin Wilson:
Put it on their hard drive. I don’t know.
Josh Robb:
Maybe just this your desktop, I am the only one with this desktop.
[15:39] – Blockchain Technology
Austin Wilson:
It’s an expensive desktop potentially. So Josh, the coolest thing that I think about NFTs is that NFTs use blockchain technology and, to transact do all the transactions and to store and LaFontaine.
Josh Robb:
The old block and chain.
Austin Wilson:
The old block and chain, it’s in fits forever.
Josh Robb:
Yes.
Austin Wilson:
It goes on forever. So here we are, it is 2021. We’re recording this. We are going to include a two minute snippet just to fill you guys in on what the blockchain is and how it works. And this is a two minute snippet from our crypto mania episode from last year. And we go into a bit of detail on that. So we’re going to plug that right here. We’ll link that episode in the show notes, if you want to listen. So here you go.
*“What is a Blockchain” from 020: Cryptomania
Austin Wilson:
So pretty much a blockchain is a timestamp series of records of data. That’s managed by a bunch of computers that aren’t really owned by any one entity. So these blocks of data they’re secured and bound to each other using crypto graphic principles. So kind of like the principles of cryptography where you’re communicating very securely and stuff like that. So the blocks are then stored on a digital ledger, invisible to anyone. And Bitcoin is widely viewed as the first cryptocurrency in 2009, when it came out. And since then, there’ve been more than 6,000 different alternatives created according to Wikipedia, which there’s a link in the show notes there. So kind of going from it builds on crypto builds on the technology that is blockchain.
*end snippet*
Josh Robb:
So, all right. You know, who is an expert at blockchain?
Austin Wilson:
Who’s that?
Josh Robb:
Flavor Flav. Oh, no, that’s clock chain. Never mind, I’m sorry. I missed that one.
Austin Wilson:
I think we need to get you a clock chain to where during recording.
Josh Robb:
Yeah. So how does that work though? Describing what this blockchain, I mean, you said it, but walk me through it.
Austin Wilson:
Yeah. At a pretty high level. So this is this, it was a great graphic on an article from blockx.com, a website that actually is about blockchain and crypto. There’s a great graphic. And the, I’ll throw a link to that also in the show notes where you can kind of see how this looks, but overall, someone requests a transaction and then the transaction is broadcast to a person to person network, which is really made up of a bunch of computers known as nodes. And then that person to person, network of nodes validates the transaction and the user status, using some known algorithms that are really public and really easy to, for those people who know what they’re doing to understand.
And then once verified that transaction is combined with other transactions to create a new block of data for the ledger. So that’s the block part. And then the new block is added to the existing blockchain in a way that’s permanent and unalterable and visible for everyone. And that’s the chain part. So that block of data gets connected to other blocks of data and it becomes a block chain. And then after that, the transaction is completed. So yes, that was blockchain in a nutshell. So just like I’m using air quotes on a podcast, mining Bitcoin, you can mint is my other air quote here and NFTs and sell them on exchanges. So that’s like-
Josh Robb:
So I could meet one?
Austin Wilson:
You could, if you have an original of something-
Josh Robb:
I can make it into an NFT.
Austin Wilson:
Sell it on an exchange. You might have to look into this tonight.
Josh Robb:
I’m loading up paint right now.
Austin Wilson:
With an iPad, with a pencil?
Josh Robb:
Oh, man.
Austin Wilson:
You could go nuts.
Josh Robb:
My drawings are going to be intense.
Austin Wilson:
You could go nuts.
Josh Robb:
Okay. Is this one of those things though, that over time it’s going to get harder to mint. Like the mining gets harder in Bitcoin.
Austin Wilson:
No.
Josh Robb:
No. So it’s not, because it’s like a how…
Austin Wilson:
How quickly can you turn an original digital something onto the internet?
Josh Robb:
I don’t know.
Austin Wilson:
Really quickly.
Josh Robb:
Really fast.
Austin Wilson:
Thus far, it seems that there is not any of that throttling.
Josh Robb:
Okay.
Austin Wilson:
Because there’s no, there’s no supply limit. So with Bitcoin, from the beginning of Bitcoin’s inception, there has always been 20 million Bitcoin ever to be mined ever. And we’ve known that.
Josh Robb:
Yeah.
Austin Wilson:
That’s just part of the algorithm, but as far as an NFTs go there’s as of now, the sky’s the limit. You can create whatever you want and whatever someone will pay for it is what someone will pay for it.
Josh Robb:
All right. I think what I’m going to do is just start drawing the numbers one and that’d be the original NFT of the number one, 101.
Austin Wilson:
You need to claim that.
Josh Robb:
The one which will be confusing though, would be the two, it’ll be 101 of two. And so then people really not know what’s going on, but then it’ll be more valuable because it’s like, what is this? Three of 101 or three of 102, but two is 101.
Austin Wilson:
So you make three.
Josh Robb:
That’s what I’m saying. This is deep. And then people really want this. Because they’ll be like, there’s a series going on here. I got to have the whole series. And then I’m like, you don’t know what I’m stopping. I could be going with four. It’s not, it might be coming.
[20:10] – Should You Invest in NFTs?
Austin Wilson:
So Josh asked me the million dollar question.
Josh Robb:
So what is this? We’re talking to people who have some money, should they be investing in this? Is this even investing?
Austin Wilson:
That is maybe multimillion dollar questions. As an NFT picture sold for like $69 million on Sotheby’s.
Josh Robb:
Yeah. And we just saw-
Austin Wilson:
69 million.
Josh Robb:
…a digital clothing. Shoe? What was it?
Austin Wilson:
Shoe, yeah.
Josh Robb:
Digital shoe, digital shoe. Sold for $3 million.
Austin Wilson:
I know, just when does it end? When does it end?
Josh Robb:
Digital shoes. Digital feet.
Austin Wilson:
Okay. So yes. Is this investing is the question. Should you invest it well in a way it’s investing in the sense that you are thinking it’s going to go up in the future, but in my mind I call that speculation.
Josh Robb:
Mm-hmm (affirmative).
Austin Wilson:
Because it’s not really a- It’s completely market driven. There’s no underlying fundamental reasoning behind this. Right? So I think it’s kind of similar to the way that we think of cryptocurrency as you’re just speculating on supply and demand in the future. And that’s really it. So there’s no underlying business case, but it certainly could be viewed as an asset because it’s something you actually own. And it’s something that you think could go up in the future.
Josh Robb:
Yeah. And I, I agree, our approach is definitely understand what you’re investing in, make sure you’re diversified and make sure that your diversification in your asset allocation matches your long-term goals. That’s what we say in and out all the time. Like Bitcoin, like some of the things we’ve talked about, if this is intriguing to you and you can see some long-term potential, just be careful. There’s just a lot of volatility in this owning something that is really relying on someone else, wanting to pay you more for it than what you paid for it is, is really how this works. And so you hope that down the road, whatever, that digital token of value that you have, someone will say, “Hey, you know what? I think it’s worth X amount more than what you paid for it.”
Austin Wilson:
Right. And this is also new that I think that there’s probably a lot of risk for being roasted on your deals because you just cause you go to some NFT website to buy whatever you want to do. I don’t know what the legit ones are or whatever, but you could just be totally screwed and your NFTs all of us, you bought, you bought a duplicate, you didn’t even buy an NFT.
Josh Robb:
Who knows? Yeah.
Austin Wilson:
So I think that there’s obviously no state like, there’s Southerby’s. Yeah, exactly. You buy it at auction.
Josh Robb:
Yeah.
Austin Wilson:
I don’t really think that there’s a regulatory environment for this right now. I think we’re way behind in the U.S specifically, because we’re still thinking about regulating cryptocurrencies and not really getting anywhere on that. And then we’ve got, this is behind it, it kind of using the same technology. So we have no regulation really on this either. So I think it’s a thing for the future.
Josh Robb:
I think. Yeah. Like you said, it’s one of those there, where can people make a lot of money? Yeah. Have they? Yeah. Well, some more people. Yeah.
Austin Wilson:
But will they lose? Will someone lose a lot of money?
Josh Robb:
There’s going to be some losers in here as well, when it comes to investing in anything, there’s, people who make the right decisions, there’ll be somebody who spends a lot of money on something and then realizes that maybe that’s not in high demand and they overpaid. And so in general, just be careful to make sure you fully understand what you’re investing in and make sure you’re not taking too much waiting into one decision for your financial future.
Austin Wilson:
Yeah. That’s probably the overall thought that we have is at least at this point, this is not something that you not, not saying that this is necessarily the case for your financial situation. So talk to your advisor, but generally speaking, probably not best to have a ton of eggs in the NFT basket, as far as your long-term financial planning.
Josh Robb:
Correct.
Austin Wilson:
It’s just so new and unknown at this point.
Josh Robb:
But if you do see out there NFT for one of 101 and it’s a picture of a digital one, just know that’s probably a real valuable.
Austin Wilson:
That’s probably… You better bid that one up pretty good. So yeah, there you have it. That’s where we sit on NFTs. It’s kind of a hot topic right now. So hopefully you learn something as always check out our free gift to you. It’s a brief list of eight principles of timeless investing. Their overarching investment themes meant to keep you on track to meet your long-term goals. And no, we do not at all talk about NFTs because like we said, it’s probably not something that’s going to ha that we think should have a major impact on your long-term goals. Check it out. It’s free on our website, Josh, how can people help us grow this podcast?
Josh Robb:
Like always make sure you subscribe that way. You get our new podcast every Thursday and then leave us a review on apple podcasts helps us rank higher. So more people can find our podcast. If you have any ideas or have questions about the NFT or you’ve done one yourself, I’d love to hear about it. So shoot us an email at hello@theinvesteddads.com. And then if you know somebody who’s asking about NFTs or have a good acronym for that, let us know.
Austin Wilson:
That’s right. All right. Well until next Thursday, have a great week.
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 the investeddads.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.
