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For U.S. investors that are just blindly following this modern portfolio theory,

this is probably the greatest risk that I have seen in study in history

and anything that I've walked through in the past 28 years.

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Hello, everybody, and welcome to this episode of Finance You.

I'm your host, Chris Martinson, back with Paul Kiker of Kiker Wealth Management.

And, of course, we're going to have a lot to talk about because there is this little thing called a war going on

in the Gulf region over there in Middle East. Paul, good to see you, buddy. Good to see you as well,

Chris. Well, you're looking tanner than I am. We haven't gotten to spring yet, so.

Well, I did get to spend a little, uh, a long weekend and I actually got in the sun. I think it was several months there at the worst part of winter. I come in before daylight and I leave after, uh, after dark, or after daylights down, so I don't see the sun for a couple of weeks, feel more like a vampire. Well, I think everybody, we all need to do what we can do to try and stay calm and, um, kind of let this stuff wash over us. But I will tell you, Paul, that I'm as, as alarmed as I've ever been in my life. And some people might say, well, Chris, you're always seeing the risks. But I do believe in watching the risks as they unfold. It served me very well during the great financial crisis. I was ahead of the pack there. It served me well during COVID. I was ahead of the pack there. And it's going to serve me well here again. Paul, I have the same vibe. Only this feels larger than either of those two events to me at this point in time.

And I could try and make that case, but it's sort of a little qualitative. Like, I'm just the pace of the events every morning, Paul, I wake up, and it's something new that's so

dramatic that really should have, like, this enormous impact on markets, yet there's no market

action happening.

That's the same experience

I had as I was watching subprime bonds blow up in 08, as I watched COVID start racing across the world

in the market just for whatever reason was just calm and placid there in February of 2020.

I think that's where we are again here. What are you thinking? No, I'm with you as well, Chris. And look, thank you for your position of being a watchman. It's a blessing and a curse. It's a blessing for those people that listen to you, but the stress that comes along with being a watchman is something that you have to actively fight off. But, you know, as you're talking about that, I'm thinking, I think people

...