Serious question for the moment. Do these tariffs have you terrified?

Better yet. What does this mean for your 401k?

I am excited to talk about this. Believe it or not, I actually am excited because sometimes the world throws us some

unknown unknowns. And sometimes we as investors experience kind of a rocky, a volatile, a shaky,

an uncertain market. And I love that we get to sit in this spot where we get to speak to that.

And Brian, this past week has

been, has certainly been that, rough, rocky and shaky. Oh, man, and some of the phone calls.

I wish you guys could be flies on the wall as I'm trying to explain things to some of my more

emotional clients on why staying the course, not making permanent decisions on things that very well

and more than likely will pass within a few weeks to a few months. This is what we're here

for. And so far, got to have one of those catch-up calls right after we record here today.

Things have worked out as I had shared that I was

hopeful they would. But I think this is important because I don't want people out there in the audience

making, you know, emotional behavioral decisions that impact your long-term success. So I think it's

important if we could give you some context, some background,

some things that you can use so that you can go through this very emotional experience

and come out better on the other side.

Yeah, this year, 2025, was already a volatile year,

and then we saw the tariff announcement come out,

and then volatility came even stronger. And we know that

from the all-time high, so from the all-time high this year, it's been about, as of closed

yesterday, 17.6% drop. So we have seen not necessarily bare market territory, but we are near bare market territory.

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