And we're back, welcome to the podcast, which does not have a name yet.

Podcast with no name today.

It's Mike and I'm here with Jay is in the house.

And we're here to talk about, I don't know, good question is money, where do you put

it when it seems like all the assets are high and unsustainable, so we'll turn it over to you Jay.

Where do you put your money?

We're not giving investment advice by the way?

Disclaimer.

Yep, no investment advice here today but we find ourselves in a very very interesting last month of

2018 when we're recording this podcast you know I'm in real estate I have a decently sized portfolio and I am right now for the most for the first part of my life mostly in cash and it's pretty amazing for me to say that because I'm a big believer in the

in the you know the value of compounded interest and obviously you know

growth of assets over time but man I look around and I look at real estate you know being in the real estate

market like Southern California the market already peaked early in 2018 and since

June you know Mike and I can show anyone data that shows that we're already in a pretty precipitous decline the most since actually

2009 or 2010

You know which is literally almost 10 years ago. So it's pretty interesting to look around you know which is literally almost 10 years ago.

So it's pretty interesting to look around you know we can also talk about you know the

cryptocurrency market for all those poor people that have held on to their

you know blockchain currencies and you know there's over 1800

cryptocurrences now they've all been absolutely decimated this year and then

you know my my take you know Mike can expound on a few once but but my take with the equity markets, with just the general equity markets is that it's the majority of money in there right now is baby boomers. You know, they're still the majority of wealth, you know, propagators in the planet and they do not understand

cryptocurrency worth a dam and obviously their investment advisors and

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