Ep: 82: A Recap of 2022
THE X'S & O'S
2022 was a year full of financial highs and lows that a lot of people felt through their bank accounts.
In this episode, Matthew, Brent and Joshua recap the financial year of 2022 and use this information to help you better understand what you can expect in the new year.
Matthew, Brent, and Joshua discuss:
● Stats about this year’s Black Friday sales and what it can tell you about the economy
● What inflation could look like on the horizon of 2023
● Why the recent Covid-19 lockdowns in China are affecting international economies
● Why the Federal Reserve is rooting for the stock market to fall even further
● And more
Resources:
Connect With RPA Wealth Management:
● (909) 296-7977
Transcript
Welcome to The Retirement Plan Playbook with Brent Pasqua, Matthew Theal and Joshua Winterswyk from RPA Wealth Management. In this podcast, we cover current events, retirement planning strategies. And provide you with the tools to help you build a successful retirement playbook in any political or financial landscape.
Join Brent, Matthew and Joshua as they navigate the issues that can make the later stages of your retirement plan challenging and help you create the best Retirement Plan Playbook. Now let's get to the show.
Hello and welcome to The Retirement Plan Playbook. I'm your host, Brent Pasqua. And today we're joined by our regular co-host, Matthew Theal and Joshua Winterswyk. And we're here to discuss the year that was 2022. Yeah. Hey, Brent. Thanks for having us on. Happy to be here. So, Brent, um, I'm, I'm gonna kick us off with our warmup today.
Sounds like we have an exciting move, um, as a company. Why don't you tell the listeners about that? Yeah. We're excited to announce that we are actually moving our office from Rancho Cucamonga to Claremont. Uh, we're actually moving down into the village of downtown Clare. And we have been really wanting and planning to move since really pre pandemic and, but we were really just waiting for the right opportunity and, uh, this came on the market and we jumped all over it.
So we're excited to really have more of a spacious workspace and I think it really gives us an opportunity to serve our clients better and to continue to grow our company. But I mean, a couple of the other really big benefits though is Josh, it's actually closer to your house, so your drive is much shorter.
Yeah, my drive is shorter. I'm very excited. I've always loved the Claremont area. It's kind of one of the reasons why we moved to kind of the area that we're at now. So the, the location of the business is moving, my drive, shortening, and I'm gonna love, being in. Yeah, I'm excited for that too. Little shorter commute for me as well.
But also, you know, just the vibe down there in the Claremont Village. Great food, great small businesses you know, lots, a lot more financial, insurance, accounting firms. I, I think it fits better than, you know, being down here in Rancho Cucamonga. Um, this area has become kind of a hub for warehouses and, and drop shipping.
You know, it's really not that professional. Down here you said a little bit of a shorter drive. You live in Pasadena, so Pasadena to Claremont is much shorter than going to all the way to Rancho. Yeah, it's gonna save 20 minutes, but way it can actually save more time for you than it is for me. Well, yeah, absolutely.
So that's good. And then Brent, you're gonna have a commute. Yes. Now I'm moving the furthest away, so I, I'll have a commute similar to what Josh you had. Yeah, but I'm okay with it because being in the village is very lively. There's a lot of really good restaurants down there. There's a lot of really good boutiques and shops.
I like that people can now see us and we have more space. We've been a little bit crammed for a while. So we're ready. I think this is an exciting move and something we've wanted for a long time. Yeah, me too. January 3rd. Can't get here soon enough. All right, so let's get into the headlines. According to Adobe Analytics reported at last Thursday, online sales for Black Friday in the United States hit a record of 9 billion this year, which is actually an increase of 21.6 from last year's figure of 7.4 billion.
Really the majority of sales though, have came from mobile devices, which is an increase of 53% mobile spending compared to last year. Additionally, Adobe reported that Cyber Monday is expected to RA break all records this year with online sales forecasted to reach 10.8 billion. I mean, this is incredible.
Yeah, it is pretty incredible. And you know, we've been sitting here all year and we've been talking about this recession that's supposedly. Uh, but then you see numbers like this, the consumer's still strong spending money you know, record Black Friday, sales record, cyber Monday sales. Like you just scratch your head of just how weird this economy is right now.
Demand is just, that's my first thought is demand is still so high in this data, you know, really proves that. My other thought with this headline too is, wow, that's a lot of people who buy stuff on their phones. 53% of all purchases were purchased from a mobile. That's actually how my wife does her shopping.
I don't, I don't like it. I'm a computer guy. Me too. But she's on there filling her cart and then she checks out on her phone. So really when they're saying mobile device, they're not saying computer laptop phone all linked in, limp lumped into one. It's talking about like purely just people ordering on their phone.
Yeah. That's incredible. Yeah, it's a lot. The majority then of purchases online. Yeah, because then if you're adding computer and laptop, and then mobile phones, like how much is done on online shopping now? Yeah, I, I would imagine that number just keeps going up and it's been going up for the last few years.
That's not good for retail stores or brick and mortars? No, not at all. I haven't bought anything in brick and mortar in a long time. It's just so much more convenient. It is. You can order it from your phone, it gets delivered to you in two days or whatever. And you're off and running. What's not convenient is returns, but that's a story for another day.
Yeah, that is, you're right. I hate returning stuff. Yeah, but even if you buy something in a store and you have to return it, I mean, it's the same problem. That's true. But what it does avoid is having to go park at a mall or park at a store and deal with a bunch of, during the holiday season traffic. Yeah.
Getting a fight in the parking lot, but wow. Wow. Record numbers. Yeah. So the, this downturn hasn't hit the economy all that bad so far, especially for retail shoppers. It has not another big story. Robin Hood's new retirement product, I don't know if you guys have heard of this. They're now planning to match 1% of consumer contributions.
The product, which is expected to be released early next year, is designed to increases access to retirement. Savings will be available for both traditional and Roth IRA contributions. Will also offer free financial planning tools and guidance to help customers make the most of the retirement savings. I think this is probably kind of a launch of the lack of retirement savings that has really been happening across the board in.
And kind of gives a little bit more incentive for people to make contributions, but how is Robinhood able to match 1%? Is this them just trying to get accounts opened at their platform? Yeah, I think it's more just trying to get accounts open at the platform. Kind of like similar to how banks say like, oh, if you open a checking account, deposit a thousand dollars, we'll give you a hundred bucks.
Kind of similar here. Um, what's interesting though is if you deposit the max contribution, the $6,500 max contribution, uh, they don't match it. So the matching is, based off of you being under the contribution limit. Cuz technically, you know, IRS rules dictate you can't go over that. Correct me if I'm wrong, it's capped at $60.
That would make sense. I think it is. I think the cap is $60. What's 1% of $6,060. Yeah, there it is. It is, yeah. And you have to keep it in there for five years. So yeah, that's uh, You know, I think it's gimmicky but you know, it's good. It's good for people to start saving for retirement. Absolutely. I'm gonna go in a different direction.
I don't like this. Robinhood has been a trading platform, a very easy trading platform, and now they're enticing people to open up retirement accounts where they still have that mentality. So yes, they might be opening up financial planning. They're only offering 60 bucks, which that's nice. But you know, what's the 60 bucks?
If we're gonna just be day trading or buying and selling, with no strategy, you could lose that 60 bucks very, very quickly in the market if you don't know what you're doing. I just, I just don't know if I like this direction from the type of product that Robinhood and the reputation that they have.
I agree. I think it creates the wrong fundamentals of investing and it creates a long-term issue with people who are gonna be investing that way. I don't think that way provides a successful outcome for somebody's retirement. No, I, I don't either. So I have a little bit of an issue with Robinhood doing this.
Yeah. But Robinhood has been in the news and has been a major problem for the last three years, and I think that probably continues. Yeah. There's just gimmicky. Very. All right. Let's get into the retirement planning corner. 2022 was actually a year of highs and lows both in the financial market and in the world at.
Today we're gonna talk about a list of different items that have been challenging the market this year. Some of those things are high inflation and really the highest inflation in four decades, double digit losses to this point in both stock and bonds. This year, the Federal Reserve officially and publicly rooting for the stock market to fall.
Interest rates raise rising rapidly. We obviously have the war in Ukraine. Continued lockdowns in. Record Hyatt gas prices slow down in the housing market. And then now we have these Ponzi schemes in the crypto market with a bunch of crashes. Let's talk about those, and let's start with the most important one or the first one that we've been talking about all year.
And that's inflation. Yeah. So inflation has been pretty bad. We all know that. We see that. And what that is, is prices are increasing. and we have record high gas prices, record high food prices. And the driver has that, of, that a lot of people say has been, that monitored easing that we saw the record, low interest rates and handing out stimulus checks from 2020 to 2021 and the, pretty much the creation of money out of thin air, giving it to consumers.
But we also have the supply chains, right? So post covid. Supply chains were, were shut off, and then they restarted so fast. I just drove up the price of goods. But the real kicker here that I still don't hear, get talked about enough by most people is the biggest problem to inflation today is wage growth.
Um, if people are going out, white collar workers are, and they're searching for a new job and they're getting their salaries doubled, that's a problem. Um, if minimum wage is doubling, that's a problem that leads to inflation, and that's what we're seeing today. And that's why the Federal Reserve is, like you said, trying to kind of break the economy, break the stock market.
They want things to come down. ROIs growth is expanding the money supply when we're trying to contract it. Yeah, exactly. So what do we see inflation going next year and is this gonna be a continued problems into Q1 and Q2 of next year? Well, we're seeing housing inflation come in from apartment.com.
Rents to. Housing prices in general. So that should lower a big component of what's been driving cpi. But the, probably the biggest story for next year is, you know, it's really hard to tell what's going on in China, especially as an American, our news is very, very biased. But that said, it does sound like as of today, as of recording, China's ready to do, get rid of covid, lockdowns and the strict measures if they bring their economy fully back.
That's gonna be highly inflationary. So now we're gonna be fighting another battle for the, the price of goods. I know inflation is bad with the amount of emails and, uh, messages I've received regarding increased costs just in software and, and things that pertain to our business. I've seen nothing going into this year except.
everybody's increasing their cost and that's not good. It's not, but they better be careful cuz you know, we're going through as a business, going through a software list and literally looking at who we can cut. And, you know, we cut a couple products last week. I'd imagine we cut a few more who try and raise prices on, there's just no room for it in this economy.
But you've also seen some of these bigger companies that are probably forecasting for potential recession like Apple, who didn't raise price. Right in a time that they probably could. We just talked about how high demand is, and we've seen a couple other examples of companies that aren't increasing their costs or actually decreasing their costs going forward into this new year.
So I think you're right, Matt, like your comment of be careful because this could be disastrous also on the other side for the businesses out there, and as a result of this inflation, I mean, we've seen now double digit losses in both stocks and bonds. We've really had double digit losses in stocks and bonds since probably April, maybe May.
I mean, this has been most of the year that we've been down pretty significantly. I mean, we've had some of the worst years ever historically, both with bonds in stocks and both happening in the same year. Can you talk a little bit about Josh, about the impact that this is having on investors? Yeah.
They've both had significant losses in 2020. The s and p 500 at the time of the recordings down, still over 15%. We have bonds still down about 13%. So in our portfolios we're, we're seeing that effect, right? We're seeing the values decrease. That was in, you know, a big part of this is because of inflation like we just talked about, like Matt mentioned, and as well as other factors that are going on, we still have the conflict in Ukraine.
We also talked about the lockdowns in China that's also affecting both stocks and bonds. And this has just put so much pressure on the global economy and we're seeing it in our portfolios now. So it's just been a very difficult year. Um, and, we can quantify. Yeah. You know, I'm shocked it's not worse.
Honestly, we probably should had the market down 35, 30% at one point this year. Um, I think the, the drop was 25 or 27 which is close. But we probably should have had equity drop markets drop a lot more. With how aggressive the Fed has been. I'm, I, you know, I'm, I'm honestly shocked it wasn't worse, so that's good.
But, you know, there's a, you know, a lot of problems, but there are some good things co coming down the road. The, the best news is we're going into the third term of a, the president cycle, which is historically the best for stock returns, right? So hopefully we see our rebound next. . But you know, if this, if the recession calls that everyone's making, if those are right you know, we're probably looking at another year of probably poor stock returns next year.
But we also see through recessionary periods that the market starts to recover well before the recession's e ever over. That's true. You know, how long is the recession one, and do we see recovery in the markets? Well before the recession is, you know, even close to being. One of the things that's obviously gonna impact the market going into next year and tremendously impact the market this year is you know that the Federal Reserve has been publicly rooting for the stock market to fall, and we have a strong sense that the market's probably not gonna recover till the Feds stop raising rates or really get a handle on this.
Tell us a little bit more about why the Fed is rooting for this to fail. It's kind of wild, right? They're, every time the stock market went up this year, anything about a 5% rally, a fed official would go on cnbc, go to the Wall Street Journal, go to Financial Times, give some kind of interviewer speech, and basically knock the stock market down.
Pretty wild. Um, but what they're doing right is they're raising rates to manage inflation and hope, hopefully not growth down a little bit so the economy can sustainably grow. Basically what's happening is we overheated there was way too much money given away by the Biden administration and you, you can't do that.
You can't give people money to do nothing. It led to all sorts of wild speculation, right? We saw the crypto markets. We've been covering that here. You also saw that in the stock market with you know, shares like the ARC Fund that Kathy Wood. Um, with the, the Tesla stock and all those SAS companies that we're selling at a hundred times sales, like, you know, we kind of just went through our own little.com bubble here and the fed's, you know, slamming the brakes on that.
It's taking the punch And, essentially pulling away the drugs from the drug addict, which is the. We had that theme of being overvalued was around for like a whole year, like the writing was on the wall. We saw all of these companies overvalued. We're just finally seeing the, repercussions of those actions.
Yeah. And the good news is with, with what the Federal Reserve is doing, is they're kind of, you know, sucking out the excess, right? I mean, look how many frauds have been discovered this year. I know we'll talk about those later. But that's good. Uh, we want that. We don't want frauds. We don't want people.
Susceptible to losing money all the time. Getting rid of the froth from From the beer. Yeah, exactly. Mean obviously within the biggest impacts the feds are having are on interest rates. And we've seen in 2022, a tremendous increase in rates going up several times throughout the year. There's obviously a lot of impact to everybody when rates go up.
Both good and sometimes mostly. , can you explain a little bit about the impact on of this two investors and to home buyers? Yeah, and, and for individuals and for businesses when interest rates go up. It's, it's bad for anyone trying to acquire goods and services and property and assets when they're using any sort of leverage or financing, right?
You know, we see mortgage rates now go from two and a half percent to six and a half percent. It's cost more to buy that same home. It costs more to buy. Cars out there. So, you know, this is really affecting the consumer's pocketbook because it's more expensive now with interest rates going up. This is also the case for businesses, right?
Businesses use a lot of leverage and a lot of financing to promote growth, um, within their companies. So they're filling it too, and it's, creating a downward effect on the growth, not only in. Households, but also businesses in the us Yeah. R I mean, rising rates is gonna kill demand. Um, and here's a personal example.
You know, this week I was looking at the price of a, Tesla model Y and one thing Tesla's done is they've actually discount on those cars. So if you were to buy a Tesla model Y today, you could get it for 25 to $3,000 off what the price says. Which is the first time I believe they've ever offered discounts on their car.
But then you go the, you work your way through the website. You're like, Hey, this is a pretty good deal. They're offering discounts. You start punching in all the figures, you're calculating out your payment, and then you look at the rates five and a half percent. That's a really, really high interest rate.
and it's taking that car payment up three or $400 from where it was at the start of the year. And especially because rates were basically zero, right? I mean, you could go get a car loan for 2% and a lot of times promo rates for zero for 60 months. Yeah. So it's a big difference. It's absolutely gonna crush demand on, high-end cars like Teslas, but also used cars as well.
And then, talk to a realtor today, they have all the time in the. Cause no one's buying houses. You're also seeing just a good point there with the used cars. Used cars were absolutely outrageous. The demand for them, the price of used cars and now that has almost plummeted or fell off a cliff.
You're starting to see used car lots now fill back up with inventory. Um, and those car dealers are now gonna be calling you back. Yeah. And banks are now. Look, you're looking at six to eight to 9% for a used card loan rate right now. Yeah, it it's crazy. That's gonna kill demand. On the other side of that though, I wanna talk about interest rates cuz it doesn't just affect.
It affects everyone that's borrowing money, right? We talked about businesses and individual households, but also if you're a saver, right? Interest rates going up, it's good. It's a good thing because you're actually getting a higher yield on your savings accounts. You're getting higher yields on CDs, and I know we've talked about US treasuries and bond ladders on the this podcast, and that's going to effectively give you a higher yield and making, you know, you make more.
Yeah. You know, I looked up rates for just before we move on for a 30 year mortgage, and it was at 6.95 this week. I mean, that, that, how does anybody even buy a house now? Well, what has to happen is prices have to come down. It just hasn't met. Right. We haven't really seen that data. Prices of homes falling off a cliff or adjusting by, 20% to offset that mortgage cost, but I'd imagine that's coming.
Yeah, absolutely. Um, either, you know, home prices need to fall by 2020 5% or no one's gonna buy a home for three or four years and we're just gonna wait for everything to kind of. Quote unquote catch up. Right, right. Normalize. Yeah. Well, this year hasn't been without its challenges, uh, globally.
The war in Ukraine has continued and there's been multiple lockdowns in China. We also saw record high gas prices and now starting to see a slowdown in the housing market. Can we talk a little bit about these events and really how they impact investors? . Yeah, so I think the biggest one that really started to get people unnerved is record high gas prices, right?
Because, you know, you go, you fill up your car, it was costing you 35, $40. Now it's costing you 70 to 80. You know, it's doubling the price and, and that's just taking money directly out of. Your, your pocketbook And if, if you're making an hourly RA wage or your salary's that not that low, then you have to make a spending decision.
Um, it's either fill up your car or go out to dinner. And that really imp impacts people from a psychological standpoint. And, and then when we look at China, when with China not operating at full capacity, it's difficult to get more goods in, for instance, , even though demand's not that high, the new iPhone is still really hard to get because they're just not being produced at the amount that they should be from the, the semi plant Foxconn in China.
So it's just kind of been this whirlwind of, misalignment and I, I guess you could say just a, pretty poor economy. And I don't think the global challenges are covered as much. Right. We have so many of them out there. And I think that a little bit of home bias, especially in like our local media and kind of just the news, so we kind of.
Can easily lose sight of all of these global challenges that are going on that are restricting our economy today and here. And I have a theory though, Matt, to go back to gas prices real quick. Do you think also, cause it's such a hot topic with Americans, but do you think when we're driving down the road and we see like the gas prices in 120 size font, That, that's the reason why it triggers as well, cuz you're just always being reminded of the gas prices as you go out driving or wherever you're going.
Yeah, I, I think so too. And then also you know, as Americans we're known for not driving the most fuel efficient cars. You know, I'm sure every family has an SUV that costs over, that costed over a hundred dollars to fill out this summer. I eventually need to get a Tesla. I dislike going to gas station so much.
let me too. It's disgusting, it's dirty. It's, yeah, it's. Well, they need to lower the interest rates or lower the price on Tesla. Cause those payments are just way too expensive. Yeah. And it's expensive. There's no, like, you know, what happiness do you get from filling up your tank? You just have to go because you have to.
And then when you leave there, you're like, man, that was expensive. Gas prices are high, and what satisfaction did I get? . Yeah. Yeah. And you know, you're gonna have to do it again in a week anyway. Yeah, exactly. I, I mean, I guess the golden question of global challenges is, do we think that this is gonna get any better next?
Honestly, no, it's probably gonna get worse. The US will recover and get better before anywhere in the globe gets. So kind of, you know, is what is be thankful that we live in the best, strongest country in the world. One of the things that we've talked about going into this year when the market did start to fall, is that a lot of times there's somebody that's gonna get hurt, A company's gonna go under, an industry's gonna go under.
Somebody's going to come out of this on the other side, and they're not gonna be taking the better end of it. This year was about financial scandals and crashes, and now looking back, the writing was on the wall. With several high profile Ponzi schemes and other fraudulent activity making headlines.
Let's talk a little bit about some of those scandals and what they were. And these scandals are real, right? There are American people, I mean people all over the world that took their hard-earned money and invested in, these companies or currencies or type of investments. And they're at risk to potentially losing all of that.
These financial scandals can hurt people directly, indirectly, as well. If your company was tied to one of these companies, you potentially lose your job. So in just so many ways this is, can, can affect you know, not only the consumer, but the worker. And it's just really, really sad to see. But those for, you know, who are affected directly by these scams.
Like I said, I mean it can be devastating. And the 2022 scandals, we had plenty of them in the news. If you were watching. FTX is the biggest one. Um, I think just from a publicity standpoint, block five, three Arrows, Luna Coin, and the list goes on. Um, and again, it's just really sad to see. Yeah. When you look back on the period of 2021 to 2020, It's kind of like the millennial version of what the baby boomers went through in 2000, 2001, 2002.
Most people probably don't remember Enron, but Enron is ftx. There was also WorldCom at that point, which was another famous accounting scandal where, you know, it turned out the whole company was basically a Fugazi. Um, but these were once billion dollar enterprises that people. You know, owned stock and worked for, and now, they cease to exist.
So I, I just find the parallels between that period and this period. Pretty much online. And that's another reason why I think we should head into next year and not be cautious. Right. Because it took a while to get outta that bear market. And that might be what we're seeing. So I guess this year was not without its challenges, not the best year in terms of the economy and the market that we've seen in the last five years, six years, seven years.
Uh, but it also wasn't as bad as 2008 or 2009. And as we kind of round out this year, the hope is, you know, we get a nice rally throughout December. Um, I don't know that that's gonna happen, but that would be wishful thinking and that could lead us to opportunities to go into next year. But as of right now sort of staying the course, rebalancing, falling, proper fundamentals in the portfolio, uh, seem to really make the most sense as we start to look at next year.
And I think the silver lining is that it, it could have been a lot worse, and Matt mentioned that earlier in the podcast. All right, so as we get into the end of the year, we, one of our favorite things to do is our holiday gift guide. We're gonna talk a little bit about the gifts that we would either be giving or receiv.
things that we're our wife's like and what they recommended and what we're recommending. Matthew, what are you, uh, what's on your gift guide for you and your wife? Yeah, I'll start off with, uh, my gift. So the one thing I've had my eye on is this, uh, Travis Matthews Cloud hoodie. I think they have Chris Pratt who does the commercials for these, and I was always like, Hmm, that's interesting.
Like it's a good commercial. But I went on their website. It's like they're best seller. So, and I was, I was reading the reviews and I'm like, wow, people really love this. You know, you could wear it on the golf course, you could wear it around the house. You could wear it to the grocery store. I was like, ah, I'm gonna put that on my list.
And it's, it's not a cheap hoodie either, right? I mean, you'd think of hoodies, you know, 50, 60, $70. This is $135 hoodies. I'm like, wow. It must be really nice. You always have the nicest sweater. So this doesn't surprise me, but I also think that Jimmy G is sponsored by Travis Matthews, 49ers quarterback. He liked him, right?
Yeah, he's my guy. Okay. Yeah. And I think he wears 'em too. Oh, nice. So anyway, close right up the alley. So is this, is this a. Hoodie or is this around the house hoodie? Cuz $150 around the house hoodie sounds expensive. I think it's both. Let's not get judgey. There's a lot of inflation. , . And then for Hailey and my wife, her, um, Christmas gift that she already has, but she is recommending it, is the Breville espresso machine.
So this thing we'll meet here in espresso, will make you a latte, make you a cappuccino. She purchased it on Black Friday. And is really, really happy with it. I think she's using it multiple times a day. So are you using it? I have used it a few times on the weekend, but not during the week. I'm obviously here stuck with you guys during the week and I don't wanna have a coffee when I get home late at night.
You were pretty positive about this new machine coming into the office, like after you used it? Yeah. Well, it makes her really happy. She's, uh, pregnant right now, so she can't really drink coffee, but she could, you know, stand a little shot of espresso mixed with warm milk or almond milk. So I dunno if the listeners knew that though.
So congratulations. Thanks. So it's really helping her and, you know, giving her some energy while she continues to work. I make her work. That's neat. That was really neat. Hey, we're excited for you. Thanks, and I'm excited to hear about this cloud hoodie, . Yeah. If I, if I get it, you know, I, uh, we'll see. You'll let me, uh, touch it.
I'll let you know. Santa brings it for me. I wanted to recommend a gift that both I would, I like, I use, and then one that you could also gift to somebody else if you wanted to. It could be used for yourself or your wife or whatever. Uh, I'm gonna recommend a Beautyrest plush electric blanket. I'm a big heated blanket guy.
I even have one here at the office cuz office half the time is freezing in different offices. My office stays really cold on cold days, not gonna lie. I plug that thing in and I'm more comfortable that way. I think it's a great thing for people who like to be on at their house with the air on house is cold, or the windows open, but also warm under a blanket.
I'm a big heated blanket. We know I can, I can vouch for you. You use that heated blanket. So anyone looking for like a kind of a, a reviewer sill of approval on this recommendation? I'll be the one cuz I see Brent use that thing all the time and my wife told me that the heated blanket I have in the office right now is not going to the new office.
Really? Yeah. She said that thing's going in the trash like so you're getting a new one? I'm hoping to now get a Beautyrest plush. I'm excited for you cuz you do use that thing. Yeah. That's your favorite thing. Yeah. And then my wife recommended, uh uh, Guillermo. Ultrasonic jewelry cleaner. I think that's actually probably something that's pretty cool.
A lot of people will use, I mean, the jewelry gets sturdy pretty fast, especially with sanitizer now and washing your hands, like, I mean, not that we didn't wash your hands before, but now everywhere you go you're always washing your hands. So my wife has one and she uses it pretty frequently. I'll even throw like my ring in there and it works great.
I don't know if it's the same one as yours, but like that's a product that we use at our house. I see her like you. , go clean her jeweler and she likes that thing. You guys have both sold me. I'm gonna go purchase this for, uh, Hailey. Sounds like a good gift. And I don't, like, my rings actually dirty either, so I, I will throw mine in there.
Yeah. Also, when she does hers, I mean, cause I, I like it to actually be shiny and soap just destroys stuff. Mm-hmm. . Yeah. No. Did I pronounce the, the, the brand name of that correctly? Uh, I have no clue. But I'm not sure. We'll, we'll, we'll, we'll put a link in the link in the shot. And Josh, what do you have for us?
Yeah, I'll actually go with my wife's recommendation first. She had a, a really nice gif. Um, I think she actually got this one time too before, but she's recommending a first aid kit, so you know. , you might not have a, like a dedicated first aid kit and they have like these really cool boxes now that are either like, they look hipster or stylish and to have all of your, like, maybe even just basic meds or band-aids and just kind of a, a kit even if someone comes over and, cuts their finger on accident or whatever.
So, um, that's what she's recommending this year. I think that's the nurse in her as well. , um, recommending that. And then I'm going to recommend a golf lesson. So if you have that loved one who's either interested in golf or is already playing golf, you can go to, they have a bunch of different spots that you can actually purchase a golf lesson.
Golf tech, um, is a company, but I know a lot of the country clubs or courses actually have a pro that you can purchase this from. But a cool thing to either get started or refine a game and go out there and work on the swing. Is that what you. I didn't really think of it that way, but I wanted to go with something that I've been, you know, last couple years we've been talking about golf.
I also think like a round of golf is good too. Like who doesn't want to like be gifted around a golf? Like that's awesome. I think that's a really good gift idea that you recommend because it's something I don't see you actually paying for, but something that you would really actually like to. Yeah, no, totally.
Yeah, that's a good gift. It's a good idea. But, uh, work on that swing. Yeah, that's something I'd really need to do, . So maybe we just all get each other again, like get golf lessons. All right. So 2022 again was tough, but you know what? There's greater opportunities heading into next year. But if you are feeling overwhelmed or unsure about how to navigate these volatile markets, we encourage you to reach out to us at RPA wel Wealth Manage.
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