Happy Turkey Day from The Invested Dads! You’re probably listening to this on your way to Thanksgiving lunch, and we would like to take this opportunity to give thanks to our amazing listeners – we would not be here without you! In this week’s episode, we cover inflation and it’s driving factors, the actual cost of your Thanksgiving feast, and what we are thankful for. Tune in now!
Main Talking Points
[0:58] – Inflation
[1:55] – What is CPI?
[5:54] – Cost Increase of Thanksgiving Dinner
[7:29] – Actual Cost of Thanksgiving Dinner
[8:48] – Drivers of Inflation
[10:46] – Dad Joke of the Week
[14:52] – Cost Increase of Food Over the Past Year
[18:39] – What We’re Thankful For
Links & Resources
079: Inflation Nation – The Invested Dads
Thanksgiving Dinner is Going to be More Expensive This Year – CNBC
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. First of all, you’re probably listening to this on your way to Thanksgiving lunch. So from us, Happy Turkey Day. We have a lot to be thankful for and we start with being thankful for our amazing listeners. We would not be here without you.
Josh Robb:
Well, technically we’d be here, but just not talking in a microphone so we would just be sitting across-
Austin Wilson:
We’d have the same conversations.
Josh Robb:
Hi Austin, let’s talk Thanksgiving and stats on Thanksgiving together. But, you get to enjoy that with us.
Austin Wilson:
Exactly.
Josh Robb:
So we are thankful for you and everything. Everything that you guys do to make this podcast successful.
[0:58] – Inflation
Austin Wilson:
Absolutely. And, we love it, we love it, we love it. So, inflation.
Josh Robb:
Inflation.
Austin Wilson:
We’re talking about Thanksgiving, but we’re talking about how Thanksgiving is impacted by inflation because it seems really relevant this year.
Josh Robb:
So if you were the one responsible for your food preparation for Thanksgiving meal, you may have noticed it cost a little more this year.
Austin Wilson:
A little bit more.
Josh Robb:
Than it has in the past.
Austin Wilson:
We’ll break down the numbers later, after this. No, actually that’s how they would say it on TV. But, this is a podcast so we’re going to say yes, inflation has been running hot, really hot, relatively speaking. Not like the ’70s, but the hottest we’ve seen in 30 years.
Josh Robb:
Yeah.
Austin Wilson:
So, inflation. Last week, the month of October CPI report came out. Headline CPI, 6.2% higher than last year.
Josh Robb:
So that’s what they call the year-over-year number, meaning from November 1st of last year through October, from a one year time frame, it’s 6.2% higher than it was last year.
Austin Wilson:
Correct.
[1:55] – What is CPI?
Josh Robb:
Crazy. Tell me though, CPI … We’re going to walk through a couple different ways of looking at inflation. Inflation is just the increase in cost, over time, but there’s different ways that the government uses to track it.
Austin Wilson:
Correct.
Josh Robb:
So CPI, what is that?
Austin Wilson:
Consumer Price Index, CPI. This is a basket of goods that the Bureau of Labor Statistics, or BLS because we love acronyms in the finance world, can’t have too many, they calculate it monthly, and they publish monthly, on a month-over-month basis and a year-over-year basis, looking back to the same month last year. So, it’s published every month. They look at it on a headline basis, which is the number I just said. So that’s everything that’s included in their basket of goods, that’s all inclusive of that. They also publish on a core, they call it core basis.
Josh Robb:
Okay.
Austin Wilson:
And, that takes out food and energy components. And, food and energy, they’re kind of independent, they move independently of the rest of the market often, in terms of pricing. They have their own cycles, outside of economic cycles.
Josh Robb:
Yeah. For instance, food.
Austin Wilson:
Yeah.
Josh Robb:
If you have a bad crop season because of weather, that impacts the price of food where the overall market inflation may not reflect that. Okay, so that’s why they like to separate that out.
Austin Wilson:
So that’s core. But really, specifically talking about preparing a Thanksgiving dinner, it makes sense to talk about headline because well, that includes the food part.
Josh Robb:
Right. And, people use that.
Austin Wilson:
Correct.
Josh Robb:
Food and energy, people use it.
Austin Wilson:
Interestingly enough, the Federal Reserve … Which this isn’t related to this topic at all, except for the fact that today, as we’re recording this on the 22nd, this is the week of Thanksgiving. On the 22nd, Federal Reserve chair Jerome Powell has been re-nominated for a second term. Big news. Brainerd was the incumbent-
Josh Robb:
The other person running?
Austin Wilson:
Yeah, the potential other favorite. She will actually be the vice chair.
Josh Robb:
Okay.
Austin Wilson:
And, they will keep each other in check. They’re both generally pretty dovish, but the market really likes the way Powell communicates. And, who knows how that will work, going forward, but it seems to be not a ton of changes. However, inflation is the topic and inflation is what’s getting a little bit, I wouldn’t say out of hand, but it can if left to go too long. And, that’s why the Fed has started to taper off their bond purchases, which will lead, eventually, likely next year, to interest rate increases.
Josh Robb:
You know, this is what got me. You mentioned them being dovish, and they use that as reference …
Austin Wilson:
It’s a Thanksgiving reference.
Josh Robb:
There’s hawkish to dovish.
Austin Wilson:
Yeah, birds you can eat.
Josh Robb:
Yeah. But hawks, I don’t think you eat them.
Austin Wilson:
No, I don’t think so either.
Josh Robb:
Hawkish and dovish, meaning aggressive or more passive in how they’re working.
Austin Wilson:
Peaceful.
Josh Robb:
And peaceful, yeah. But, why? We use the term bear and bullish in economic terms all the time. Why do you need other animals just showing up?
Austin Wilson:
We like our acronyms and we like our animal references, that’s just all we know. So anyway, that was a tangent on the Federal Reserve.
Josh Robb:
Oh, yeah. Yes. 6.2%.
Austin Wilson:
The Federal Reserve, stable pricing is one of the Federal Reserve’s mandates, along with filling an inclusive employment. That’s their two mandates that they are trying to ramp up the economy to get to. So stable pricing is a not super inflationary environment, that’s not stable by any means. They don’t use CPI and they use what is called personal consumption expenditures, also published on a headline and a core basis. But, that’s known as PCE, because we like our acronyms. And, that historically has run a bit cooler than CPI, which means that the numbers that we’re seeing on a CPI basis may not freak them out as much as it freaks out other people.
But, for more details on inflation, we actually have a dedicated episode on inflation, which is number 79. Episode 79, we talked about inflation. It’s called Inflation Nation and we actually did this when inflation wasn’t as hot as it is now. So quite prevalent, but we did break down both of those definitions in a lot more detail.
[5:54] – Cost Increase of Thanksgiving Dinner
Josh Robb:
Yeah. All right, let’s talk about what we want to talk about today, Thanksgiving. And, really more importantly, the increase in the costs of Thanksgiving from last year to this year. They’re saying 6.2%. So, if I looked at what I spent last year on Thanksgiving, is it 6.2% higher now?
Austin Wilson:
That’s an interesting question and a good one that a lot of people probably have. The right answer is maybe.
Josh Robb:
It sounds like a good answer.
Austin Wilson:
It’s like moderation, or whatever Josh would say. But, the reality of it is that that 6.2% is based on a calculated “basket of goods,” which has a ton of different components with different weightings in it, for the average consumer. Your basket of goods, or specifically your basket or groceries for Thanksgiving or whatever, may look a lot different than your neighbors or whatever.
Josh Robb:
So if my Thanksgiving is very dessert heavy, I may have a different inflation amount?
Austin Wilson:
It could be more or less, who knows. We’re going to break down the components of some of the food inflation, later on. But, you’re likely not going to see exactly a 6.2% increase. In fact, a lot of people, a lot of economists are saying that what actual consumers are feeling, what most consumers are feeling is actually a lot higher than 6%.
Josh Robb:
Because of that basket?
Austin Wilson:
Because, “I eat a lot of meat,” and that contributes to it. No, it’s because of their basket specifically being … Food and energy, they’re not the entire basket of goods, but they’re up so much year-over-year and that’s a huge portion of a lot of people’s … Think gasoline, think groceries, a huge portion of most people’s budgets. So, a couple drivers of that. But yeah, your inflation and your feeling on it may be higher, it may be lower, but that’s kind of a ballpark.
[7:29] –Actual Cost of Thanksgiving Dinner
Josh Robb:
Let’s talk food because that’s really what our minds are on today, it’s Thanksgiving.
Austin Wilson:
I’m hungry.
Josh Robb:
Let’s talk about the actual costs.
Austin Wilson:
Yeah. It’s probably going to cost more. Yeah, that’s just the way we’re seeing things right now. I will put a link in the show notes for a CNBC article, breaking it down. But in short, we need to also put in our mind that Thanksgiving dinner, in 2020, was actually 4% cheaper-
Josh Robb:
Than 2019.
Austin Wilson:
Than 2019, on average. Let’s put that in our mind. But then say, this year, based on the inflation number we just talked about, it’s going to be higher. And in fact, the American Farm Bureau estimates that a Thanksgiving feast for 10 … So that comes with turkey, sweet potatoes, rolls, veggie tray, a pie with whipped cream, all these things, it’ll cost around $53.31, roughly.
Josh Robb:
Oh, wow.
Austin Wilson:
That’s a very specific rough number.
Josh Robb:
Yes.
Austin Wilson:
But, that is actually up 14% from last year.
Josh Robb:
That’s not 6.2 like you told me.
Austin Wilson:
That’s not six, that’s not four. Nope, nope, that’s a big number.
Josh Robb:
Yeah.
Austin Wilson:
That is something that is maybe more ballpark, what people should expect to spend, is it’s going to be more than 10% above what you have spent.
Josh Robb:
Wow.
[8:48] – Drivers of Inflation
Austin Wilson:
And in bigger cities, it’s probably even more because it’s even harder, supply things are even harder in certain areas like that. Yeah, definitely going to be a factor. Now, let’s talk about some of the drivers behind these inflationary issues. One is supply. Obviously, supply and supply chain issues, they’ve wrecked every part of the economy, every sector of every market. We had this extremely efficient global, and specifically US economy, it was never meant to be shut down.
Josh Robb:
Yeah.
Austin Wilson:
Okay, let’s get that understood. But we did, as a country and as a world, shut down the economy last year and we’re still feeling the impact as certain areas are not back up and running smoothly. Ports are backed up, trucks are jammed if you can even find them, and everything’s either on back order or unavailable.
Josh Robb:
Are the trucks jellied? No, they’re jammed. They’re jammed.
Austin Wilson:
Yeah. No, that’s more like, what’s the other one, marmalade?
Josh Robb:
Preserve?
Austin Wilson:
Marmalade.
Josh Robb:
Yeah.
Austin Wilson:
I don’t know.
Josh Robb:
That’s a type of jam, jelly.
Austin Wilson:
It’s a type of jam. I don’t really know. One of them has fruit pieces in it and one of them doesn’t.
Josh Robb:
Yeah, jam or jelly.
Austin Wilson:
Yeah, I don’t know the difference. So anyway, everything’s on back order, or unavailable or has a long lead time. All we can do wait, until things improve, which could be as late as middle of next year or after. Who knows? We’re just in the wait and see approach.
Sufficit to say, it’s my opinion, but I think the world would do wise to consider other alternatives if another pandemic comes because the economic cost is great, which then, in turn, creates all kinds of other costs. We’ve got emotional, social costs. Last year, it just came out, terrible economic year, tons of people unemployed, yada, yada, yada. Most opioid deaths in America in history, with other 100,000. These are byproducts of some of the situations that were caused.
Josh Robb:
Depression and all of that, yeah.
Austin Wilson:
They were caused by some loneliness, and feelings of isolation and stuff like that. Anyway, I’m going to get off my soap box because I’m really passionate about an economy that hums along and we’re definitely not there yet. We’re getting there, but we’ve got some work to do. Yeah, that’s where I’m at.
[10:46] – Dad Joke of the Week
Josh Robb:
Okay. Let me give you a dad joke, to break up the soap box and get back to our topic.
Austin Wilson:
Okay, sounds good.
Josh Robb:
All right. Now, Austin, you know I’m not a singer. You’re musically inclined, I am not.
Austin Wilson:
Oh, man. I’m going to change that.
Josh Robb:
But, do you know what the best song would be to play while you’re cooking a turkey?
Austin Wilson:
No.
Josh Robb:
It’s All About the Baste.
Austin Wilson:
It’s All About the Baste.
Josh Robb:
About the baste.
Austin Wilson:
What rhymes with treble and is about-
Josh Robb:
Giblets.
Austin Wilson:
No giblets.
Josh Robb:
I don’t know. But yeah, that would be a good song to sing.
Austin Wilson:
It’s All About the Baste.
Josh Robb:
While you were making your turkey, because you don’t want a dry turkey, that’s for sure.
Austin Wilson:
I watch this guy on YouTube called Sam the Cooking Guy. So, Sam, if you’re listening, I would love it if you would be listening to this, but you are my favorite YouTube channel and I watched almost all your videos. But, he posted a picture on Reddit, I think, of a spatchcocked turkey.
Josh Robb:
I don’t know what that is.
Austin Wilson:
I know, that’s what I’m going to explain. A spatchcocked turkey, and you can do this with chicken, too, is a way of cooking where, essentially, you cut out the entire back bone of the bird.
Josh Robb:
Okay.
Austin Wilson:
And, you pull it and lay it open.
Josh Robb:
Okay, open it up. Yeah.
Austin Wilson:
So it’s all cooking kind of thin, and you can get super crispy skin but all of the meat, where you want it to, stays super moist. And, it also is just a really cool word to say.
Josh Robb:
Yeah.
Austin Wilson:
What did you do? I spatchcocked my turkey.
Josh Robb:
It’s like fileting it. That’s literally what you’re doing.
Austin Wilson:
It kind of is. But, I’m going to try it. We go places …
Josh Robb:
You need a pretty wide … Depending on how big your turkey is.
Austin Wilson:
Depending on the size of your bird.
Josh Robb:
Yeah.
Austin Wilson:
It’s just a big chicken.
Josh Robb:
Yeah. Like a 20 pound turkey, that’s a big thing to spread out and widen out that thing.
Austin Wilson:
I know, your oven better be ready for that. Now, he pointed out in his Reddit post that, if you have questions about cooking a turkey, just think of you’re cooking a big chicken.
Josh Robb:
Yeah, it’s the same idea. It’s a bird.
Austin Wilson:
It’s the same bone idea and everything like that. So we go to my parent’s for Thanksgiving, and my mom does a great job with turkeys and stuff like that, so I’ve never made a turkey. But, when I get my chance one day, I’m spatchcocking that sucker.
Josh Robb:
Yeah.
Austin Wilson:
I mean, cut it open, I want the tender and the crispy. I’m a dark meat guy, when it comes to turkey.
Josh Robb:
You like the dark meat?
Austin Wilson:
I’m a dark meat guy.
Josh Robb:
This last year, because of COVID, I cooked a turkey.
Austin Wilson:
Yes, you did. I remember.
Josh Robb:
It was just our family. It turned out well. I was satisfied with the end result.
Austin Wilson:
Did you spatchcock it?
Josh Robb:
I did not. I don’t think I would. It was a good sized turkey, there was six of us.
Austin Wilson:
Yeah. Your oven might not have been able to prepare for that.
Josh Robb:
Yeah, I don’t think it would have been happy about that. But, it turned all right. I found a recipe, years ago, because I had to make a turkey one other year because my parents go sick. It was last minute and I said, “I’ll cook it and then deliver it to all the siblings,” it was great. I found this recipe, it was amazing, best turkey I’ve ever had in my life. No joke. I should have saved the recipe, figured I could find it in future years. Searched the internet, I’m talking spent hours trying to find this recipe. It’s gone. I don’t know.
Austin Wilson:
Oh, man.
Josh Robb:
Put, oh, what’s that? Cranberry. Almost like a glaze, you make a cranberry glaze on your turkey. So I had just a hint of cranberry on the turkey itself. And, turn that gravy using turkey drippings, slight cranberry hint in there. Not like overpowering because I’m not a huge cranberry person.
Austin Wilson:
Right.
Josh Robb:
But, just a little hint.
Austin Wilson:
Okay.
Josh Robb:
Best gravy, it was just incredible. I wish I would have printed that recipe out because I can’t find it anywhere.
Austin Wilson:
Here’s where I’m at.
Josh Robb:
Yes.
Austin Wilson:
I have some friends who are into smoking of meat.
Josh Robb:
Yes.
Austin Wilson:
They don’t smoke.
Josh Robb:
They roll it.
Austin Wilson:
They’re into smoking of meat, in a Traeger. A smoker.
Josh Robb:
Oh, not like … Okay, yeah. Yeah. Like rolling a cigarette of turkey meat.
Austin Wilson:
A turkey cigarette.
Josh Robb:
Yeah. Like a turkey cigar.
Austin Wilson:
Like a Traeger smoker. What I’m seeing in my mind, as we’re talking about turkeys, is a spatchcocked turkey …
Josh Robb:
Smoked in there.
Austin Wilson:
Smoked in there. Oh, my goodness.
Josh Robb:
Yeah.
Austin Wilson:
I just love it.
Josh Robb:
You would probably have more room on a grill or something, if you were going to do that and do some indirect … Yeah, that would be good.
Austin Wilson:
So nahoy, we’re going to get on that. We’re going to smoke a turkey.
Josh Robb:
There it is. Talk food, now that we’re on it.
[14:52] – Cost Increase of Food Over the Past Year
Austin Wilson:
Now, we’re talking about food. Let’s talk about a breakdown of the food cost changes versus last year.
Josh Robb:
This was from that article?
Austin Wilson:
This was from the CNBC article.
Josh Robb:
Okay.
Austin Wilson:
So meat, poultry, fish and eggs, this is a collective basket, this includes turkey.
Josh Robb:
It would be poultry.
Austin Wilson:
Yeah. Yeah, it would be poultry. That is up 11.9%, year over year.
Josh Robb:
By the way, this is a side note but it goes along with this-
Austin Wilson:
Bacon is up more.
Josh Robb:
Bacon, well that was what I was going to say.
Austin Wilson:
It is?
Josh Robb:
I don’t know. What I was going to say is small turkeys are going to be harder to find this year.
Austin Wilson:
Yeah.
Josh Robb:
Because, do you know why?
Austin Wilson:
I do, I was going to talk about it.
Josh Robb:
Oh, okay. Then, go ahead.
Austin Wilson:
Okay, unless it’s different. But, one of the main driver of this is a shortage of turkeys. Lowest bird count in years is one of the headlines. Turkey itself is 21% per pound higher in cost than last year. There were labor shortages in processing plans.
Josh Robb:
Oh, yeah.
Austin Wilson:
And in turn, this caused the ability to get turkeys processed longer so the turkeys got fatter. And then, they were required to eat more food, which caused costs of the food to be up. So labor and supply costs both increased. Is that what you’re talking about?
Josh Robb:
That was what I was talking about, right there.
Austin Wilson:
Yeah.
Josh Robb:
The fact that they stayed on the farm longer-
Austin Wilson:
They get fattening up!
Josh Robb:
They got bigger. And so, now you used to be able to find a couple pound turkey. You’re like, “Oh, this is my five pound turkey for my family, it’s perfect.”
Austin Wilson:
Nope.
Josh Robb:
You’ve got a 10 pound turkey, you’d better enjoy it.
Austin Wilson:
It’s the smallest one you can find.
Josh Robb:
That just boggled my mind, that something that I never would have thought about the pandemic is farmers kept their animals longer.
Austin Wilson:
Right.
Josh Robb:
Which means they’re bigger.
Austin Wilson:
They’re fatter.
Josh Robb:
Which, you think would be good for the farmer, but you’ve got to feed them more.
Austin Wilson:
Exactly.
Josh Robb:
Yeah, it’s not. You’re selling certain sized turkeys. You want this optimal size. Craziness.
Austin Wilson:
Turkeys. Yeah, you can’t find a small turkey. I don’t know. I think that we’re in a unique situation. But, I’m looking forward to eating some of that turkey, however it’s cooked. Okay, that’s meat, poultry, fish and eggs, up 11.9%. Salad dressing, something you’re probably going to have on Thanksgiving, that’s up 7.7%, year over year. Salt, other seasonings and spices up 4.9, bakery products up 3.6.
Josh Robb:
Are we going to have a lot of bland food because people are cutting down on that? That would be horrible.
Austin Wilson:
Inflation’s got me.
Josh Robb:
Spend the money there. Spend the money there.
Austin Wilson:
Bakery products up 3.6. Fruit and veggies up three, condiments and sauces up 2.6. Dairy products up 1.8. And, gravies and such, up 1.8 as well. Now, if you think of where the bulk of your spending is going to go to your meal, it’s likely going to be in that big bird. Oh, not Big Bird.
Josh Robb:
No, don’t eat Big Bird.
Austin Wilson:
It’s going to be on that turkey.
Josh Robb:
Yes.
Austin Wilson:
And, that is going to be causing some inflation in your meal, for certain there.
Josh Robb:
But, if you’re buying a big turkey then you’re lunches will last longer and maybe, you’ll net better because you don’t have to buy sandwich meat.
Austin Wilson:
All I’m thinking about is Ross Geller on Friends and the moist maker sandwich that he flips out about.
Josh Robb:
Yes.
Austin Wilson:
With the leftovers, the bread, turkey and stuff. And then, in the middle is a gravy-soaked piece of bread, the moist maker he calls it. Oh, that sounds so good.
Josh Robb:
I love leftover turkey, that’s one of my favorite things.
Austin Wilson:
It sounds really good.
Josh Robb:
So thinking about Thanksgiving, unfortunately it will be a little more expensive this year.
Austin Wilson:
Yeah.
Josh Robb:
That’s, again, a continuation of what you’ve experienced this whole year. But, if you’ve been listening to our advice, hopefully through all the other things that you’re doing well, not only surviving but thriving, so we wish you a Happy Thanksgiving. And know that inflation, like we said, this is the highest it’s been since the ’90s, but we’ve experienced high inflation in the past. We know our economy can get through this. So rest easy, your financial situation, this will pass, we’ll adjust to this.
Austin Wilson:
Right.
Josh Robb:
The economy will adjust. You’ll be all right.
[18:39] – What We’re Thankful For
Austin Wilson:
Let’s wrap it up by talking about some things we’re thankful for. And, Josh, I am thankful for a great cohost because we have a lot of fun recording this podcast. You guys only hear 70% of what actually gets recorded, which is probably good.
Josh Robb:
That’s probably good.
Austin Wilson:
But, it is a joy and it is a fun time, so I’m thankful to have a good time recording this. Thankful for a good job, where we get to do what we love. And, I’m thankful for a healthy family, as my wife’s recovering from strep throat the day I’m recording this.
Josh Robb:
Healthier.
Austin Wilson:
Healthier, we’re getting there. I’m thankful for a growing four-year-old daughter. And, some of you may know, but we have a unique situation where our daughter has special needs. She’s growing and developing at such a fun little pace and we’re super excited about what is going on with that curly haired girl because it’s crazy. It didn’t come from me.
Josh Robb:
Crazy hair, that’s great.
Austin Wilson:
It is a lot of hair.
Josh Robb:
Yeah.
Austin Wilson:
And, we’re thankful, again like I mentioned earlier, for you guys taking your time out of your Thanksgiving day, or whenever you’re listening to this, to listen to us.
Josh Robb:
Yes.
Austin Wilson:
So thank you for all that you do, to make this possible.
Josh Robb:
Yeah. And, I am also thankful for this podcast and all of our listeners. We like to talk to each other and I’m thankful for our employers giving us this opportunity to take what we enjoy doing together and putting it into a podcast. Hopefully, it helps people along the way. I’m also thankful for my family and the health that we have. I’m going to extend that to grandparents and relatives, that we have that ability to get together and have that extended family interaction.
I’m also just thankful for just the opportunities that we have. You look back on, as your kids grow older and those memories you make, so you get that sentimental dad to say, “Man, they get older every year.” Somehow, weird how that works. But, I’m just thankful for the times and memories we built.
Austin Wilson:
And as always, check out our free gift to you. It’s brief list of eight principles of timeless investing, these are overarching investment themes meant to keep you on track to meet your long term goals. We don’t mentioned turkey.
Josh Robb:
No.
Austin Wilson:
Even though we are thankful for it, it’s really good, it’s not part of your investment planning unless you’re invested in a turkey company.
Josh Robb:
Yes.
Austin Wilson:
Butterball, perhaps. I don’t know.
Josh Robb:
Is it publicly traded?
Austin Wilson:
I think Butterball, I don’t know if they’re publicly traded, but they are responsible for one-third of America’s turkeys.
Josh Robb:
Oh, wow.
Austin Wilson:
That’s a lot of turkeys. Oh, I had a question!
Josh Robb:
Yes.
Austin Wilson:
Before we I wrap this up, if you stuck along this long, you’re on for a trip.
Josh Robb:
Yes, question.
Austin Wilson:
You know how we eat chicken eggs?
Josh Robb:
Yes.
Austin Wilson:
Turkey eggs?
Josh Robb:
Yeah, I don’t know.
Austin Wilson:
They have to lay eggs.
Josh Robb:
They’d be bigger, right?
Austin Wilson:
Right.
Josh Robb:
I would think they’re bigger.
Austin Wilson:
Why don’t we eat turkey eggs?
Josh Robb:
I don’t know.
Austin Wilson:
They could be bigger, it could be better. You can get duck eggs.
Josh Robb:
Yeah.
Austin Wilson:
It’s real.
Josh Robb:
You can get all different eggs. Quail eggs, they make those, you can eat those.
Austin Wilson:
Just the thought that popped into my head. You’re welcome.
Josh Robb:
Ostrich eggs.
Austin Wilson:
Oh, those are huge. It’s like an omelet in an egg.
Josh Robb:
It’s like 18 eggs or something like that. Yeah. You can stand on the eggshell and it won’t break.
Austin Wilson:
They’re really thick.
Josh Robb:
It’s that thick.
Austin Wilson:
Yeah, I know.
Josh Robb:
I don’t know why, turkey eggs. I don’t know.
Austin Wilson:
Okay. Well, that just popped into my head.
Josh Robb:
Maybe they’re fowl, I don’t know.
Austin Wilson:
So, Josh, how can people help us grow this podcast?
Josh Robb:
All right. Subscribe, that way you get it every Thursday, even on Thanksgiving. Leave us a review on Apple Podcasts. And, if you know somebody who loves Thanksgiving, then share this episode with them. Also, as we’re entering this new year and we’re wrapping this up, there’s still time to invest in our Investopedia-
Austin Wilson:
Stock Draft.
Josh Robb:
Stock Draft, yeah. I forget the whole name we had for it. The Second Annual …
Austin Wilson:
It was long.
Josh Robb:
Whatever, whatever, whatever. But, there’s still time, all the way up until the end of December.
Austin Wilson:
True.
Josh Robb:
If you want to, you can start with $100,000 and get going.
Austin Wilson:
You might do okay.
Josh Robb:
You may have a good run there, in the last couple weeks. But, check that out, it’s always a fun thing to do as well.
Austin Wilson:
Well, until next week, have a great week.
Josh Robb:
Have a Happy Thanksgiving.
Austin Wilson:
Happy Thanksgiving. 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 guest 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.
