Bullshit on Stilts: Tackling the bullshitology of financial decisions.
Join two financial brains turned podcast hosts unleash their wit and wisdom drawing on vast financial backgrounds. Using highly-tuned bullshit sniffers they call out the clichés, crap spackle and flapdoodle spewed by so-called experts across the landscape of financial advice. Identifying as doctors of bullshitology you can count on your hosts to bring you a lively if not deadly mix of serious analysis, hijinx, and tomfoolery. All within a 99.1% bullshit free safe space.
Bullshit on Stilts: Tackling the bullshitology of financial decisions.
Unpacking Annuities: From Roman Soldiers to Modern Engines
What if the secret to a financially secure retirement is hiding in plain sight? Grab your favorite drink and join us for the season kickoff of Bullshit on Stilts, where we unravel the intriguing world of annuities. Our guest brings fresh insights into these often-misunderstood financial tools, tracing their roots back to Roman soldiers and dissecting modern types, from the steady fixed annuity to the adventurous variable and the futuristic indexed. We promise a light-hearted yet informative discussion that will equip you with the knowledge to determine if annuities deserve a spot in your financial strategy.
Get ready for an episode packed with relatable analogies and humorous takes as we compare annuities to car engines to make sense of their mechanics. Fixed annuities are the reliable gas engines, while variable ones are like hybrids, offering a mix of investment options. And then we have indexed annuities, the electric engines of the bunch, providing a modern twist by tracking stock market indices. We navigate the phases of annuities, from premium to payout, breaking down how each phase offers its blend of flexibility and potential financial benefit.
Season two of Bullshit on Stilts kicks off with a funky vibe, thanks to our talented content creators and musicians. As always, our mission is to strip away the financial fluff and myths, offering clarity in a world often clouded by misinformation. Whether you’re curious about the complex mechanics of annuities or seeking to refine your retirement strategy, this episode promises a blend of humor, insight, and the occasional cultural reference to keep things entertaining. Keep those critical thinking skills sharp, and don't forget to share your financial curiosities with us for future episodes!
We love to hear your thoughts, questions, and ideas. Send us a text!
Developing your financial bullshit sniffer one episode at a time.
Welcome to Bullshit on Stilts. We're back for season two and let's just say it's as popular as a fart in a high-rise elevator. We're still barking at financial fairy dust like a dog and a mailman, and in this season we're serving up a fresh batch of debunking financial sales tactics and ads you never asked for, all while helping you sharpen your own bullshit sniffers for those life-changing financial decisions. So grab your favorite drink, bring your sense of humor and don't forget your calculator. Join us on our quest to expose the financial shenanigans that even your grandma would call bullshit on. It's time to get sniffing. Let's get after it Hi.
Speaker 2:Hey, how are you? I'm good. Good morning, what's up. Hey, how are you?
Speaker 1:Did you want to tell everybody what we're going to be talking about today?
Speaker 2:We are going to be talking about annuities. Where do they come from, what are the different types and how may they be applicable to you?
Speaker 1:Indeed, that's exactly right. And why do we want to be talking about this? What's the impetus for us saying, hey, let's open Season 2 with a discussion around annuities?
Speaker 2:Well, I'm still stuck on the momentous occasion of going from Season 1 to Season 2. Yeah, right, and I am, and I just want to say formally that it's an esteem and a privilege to be here with you, breathing the rather inferior atmosphere of our studio.
Speaker 1:Inferior atmosphere. Wow, You're already starting off Start season two here. So you've been gone for a little bit, you know doing other things I have been. I've been gone for a little bit, you know doing other things.
Speaker 2:I have been, I've been on the dark side I've been instead of this type of unplanned, unscripted. I've been doing a lot of work with AI. Yeah exactly Many, many, many hours later, and at some point we'll get into the AI.
Speaker 1:But not today, not today. No, not today, but not today. We're all looking forward to you having a little bit more intelligence with that artificial stuff you're working on.
Speaker 2:So I am excited about talking about annuities today because, either from a tactical or from a strategic standpoint, for most folks I don't care whether you've got $100,000 or millions of dollars they may have an appropriate place in your portfolio as a way to bump returns or to mitigate risk, and by that I mean remove a lot of the volatility in your portfolio. Yet they're confusing and that's why a lot of consumers are a bit skeptical or wary, particularly when we get into variable or into indexed annuities, which I know you'll clear up today. They do have a place and they're becoming more and more sophisticated and, I think, are becoming more and more appropriate for folks, and so I'm excited to get into our conversation. Yeah, there's a few things you'd like to say before I pepper you with some questions.
Speaker 1:I think that annuities have a bad rap and in some cases maybe they earn it. In other cases they certainly don't deserve the rap they get. And I think consumers, investors out there have a hard enough time right now trying to figure out what a stock or bond is if you're just starting out, much less what mutual funds, etfs and so forth are. And then, over the fence line, there's different grass. Right, is it green or probably not? But there's different grass. And these are annuities. They're insurance contracts that you can use as an investment for your money, to grow it, accumulate it, maybe pay income and we'll get into all of that. But the point is is that these annuities, they have every reason to be part of your thinking what should I allocate my monies to and across? And I think today we'll hopefully start talking about the annuities so that you listeners start getting a little bit cleaner understanding of you know the three key types of annuities that are out there, how they work, what's underneath them, and then we'll probably get into a little bit deeper convo.
Speaker 2:Okay, so confirm or refute this. Do you think part of the bad rap is not the annuity itself, the inherent structure of an annuity, or is it the way they're positioned and sold, understanding that anywhere from 20% to 30% of annuities may have been sold with some type of misrepresentation or omission?
Speaker 1:I'll take answer B for $300. No, absolutely. I think that they're confusing, they're complex, depending on what kind of annuities we're talking about. And if you're in the game of sales, you know if that's your profession, you're a professional sales individual. You're not out there trying to give a completely balanced delivery of things you make money on to sell. You're out there to really share the features and benefits that make your solution interesting, maybe even creating a desire on someone's part to put money into it. And so that means that you typically will maybe not be as clear, not as transparent, not as overt with discussing some of the drawbacks, limitations and or constraints that come with the annuity you're trying to sell. Oh, by the way, depending on what kind of annuity we're talking about, commissions go from kind of small upwards to big. So why are you selling the annuity? You're selling over another annuity. Could it be that maybe your paycheck might be bigger, and I don't know the answer to that, but that's certainly part of the conflict of interest when we're talking about annuity.
Speaker 2:Well, there certainly is, and there is an inherent complexity to it. We have a tendency to shy away from complexity, and so, as consumers, that's why I pretty much as you know that I pretty much dwell in the social media space as a health and beauty influencer.
Speaker 1:Yes, so when it comes?
Speaker 2:to complex things like annuities. I am initially I'm wary about it.
Speaker 1:Well, the fact that you're able to handle all the colics in your hairline well. I mean, that's a complex issue that you deal with every day and it comes out looking relatively okay. You're doing a good job Well and I appreciate that Absolutely. You're welcome.
Speaker 2:All right, so let's talk about annuities. We've touched on it slightly, but let's get into what would you say, three broad categories of annuities.
Speaker 1:Yeah.
Speaker 2:Yeah, I think there is Okay. So where does annuity come from? To begin, with.
Speaker 1:I'm glad you asked that question because I looked it up before we got together.
Speaker 2:This guy looks good.
Speaker 1:All right. So annuities, like so much we get, originally from the Romans. Way back when man, they were using a concept that is what we call annuities today, and that was you know, give me some money now and when you're old, I'll pay you income back when you're old so that you're taken care of Pretty, pretty basic in what they used to do. And so this even got extended to soldiers in the Roman army and so forth when they would retire. So it really comes from that world, the annuity.
Speaker 2:Huh, does Barclays derive from the barbarians? It could. It does.
Speaker 1:I like that.
Speaker 2:Yeah, I'm just wondering you know how words kind of morph.
Speaker 1:So your answer asking me questions that you already know. No, I'm just asking.
Speaker 2:For example the word hypocrite actually the derivation of that means mask, yes Theater.
Speaker 1:Interesting Ancient Greek yes Theater Interesting.
Speaker 2:Ancient Greek, yeah, greek theater. In Latin the annuity comes from Latin, which means just annual or yearly.
Speaker 1:Annual payments? Yep, annual payments or something.
Speaker 2:Yeah, that's exactly right, that's exactly right, so they've been around for a long time.
Speaker 1:Concept's been around for a long time it's basically like Wimpy from Popeyes. Remember Wimpy that would always borrow a dollar on Friday and gladly pay you back on Tuesday. That's sort of the annuity. Give me money now and down the road. What did he?
Speaker 2:say precisely Do you remember?
Speaker 1:Yeah, if you can spare a dollar today, I'll pay you back Tuesday, wasn't it no?
Speaker 2:I'll gladly pay you Tuesday for a hamburger today.
Speaker 1:I'm loving it. Oh, that's what it was. I'm all hosed up, aren't I?
Speaker 2:So should I disregard everything from a credibility standpoint?
Speaker 1:I might as well wrap it up, Go ahead and take over buddy All righty. But really that's all it is. You either pay a lump sum money or periodic payments, like every month, every year, whatever and the idea is that down the road let's talk about retirement I have the option to start receiving money back from my annuity for the rest of my life.
Speaker 2:As an example, Okay, three types of annuity. What are they, kelly?
Speaker 1:There's a fixed annuity, there's a variable annuity and then the relatively new comer. The indexed annuity is the third type, and then the relatively newcomer, the indexed annuity is the third type.
Speaker 2:So how would you characterize the fixed annuity and then do a comparative once you go through the fixed and the variable?
Speaker 1:Okay, so comparative. So the fixed annuity is a very conservative product. So the fixed has something to do with this. The fixed has something to do with this. The fixed has something to do with it. You are guaranteed some rate of return, a fixed rate of return over the time frame you own your annuity. So if it's a three-year annuity as an example, you can find a three-year annuity that guarantees you, in this example, I'll pay you 5% interest every year for the next three years. So that's very conservative.
Speaker 1:The variable annuity I always think of it very similar to an employer's 401k plan. I put money into my annuity, I contribute money in, I pay my premiums into my annuity and those dollars are invested in investment funds think mutual funds of my choosing. So I can put it in stocks, bonds, I can put it in real estate, all sorts of investment funds underneath the variable annuity. And that then means that the variable annuity is typically designed for growth over a long time frame, just like your 401k. And just like your 401k, the value of what your annuity has inside it the contract value, as they call it that will go up and down based on your investment performance of the investment funds you own underneath that variable annuity contract itself All right.
Speaker 2:So it has a lot of the generic structural components of a 401k. Yes, Maybe, are there downsides to that, outside of perhaps higher fees?
Speaker 1:Yeah. So with the variable annuity, there's always pros and cons to every one of these things, right. So with the variable annuity, there's always pros and cons to every one of these things, right. So in the variable side, the big con almost always is going to be the cost of that contract. You can see contracts that are in excess of 2.5%, 3%. If you add all the bells and whistles and think of it like back in the 80s we would buy a car and we got to add things to that car, kind of customize it. I want the cd player and the leather seats, but I don't want this nowadays when you buy a car it's all included.
Speaker 1:That's a good analogy you get a trim line, and that trim line means you get all of this plus the leather seats. Well, I don't want all the other channels, but you're going to get it. You're going to get the power windows, you're going to get the. You know. So, when it comes to the variable annuity or any annuity, you typically have options to add on features, benefits and or, let's call it, protection with regard to that annuity and that product. And the variable annuities, uh, probably come with some of them, the, the highest number of features that you can add to that contract, called riders.
Speaker 2:So there are riders. So when we talk about the features or the options that used to be on cars, probably all the way up to curb feelers, is there anything like a curb feeler option or rider for insurance?
Speaker 1:that's there, yet it's for a very, very unique group of people um, I think you want me to introduce the indexed, the fixed indexed annuity. Is that where?
Speaker 2:we're going.
Speaker 1:Okay, good, thank you where we're going all right, I couldn't figure out your body language, that, uh, that semaphore with those flags that you were following.
Speaker 2:Like an A-B guy.
Speaker 1:It's just my vertigo. Okay, okay, so yeah, the fixed index annuity is sort of the tweener. It's not a fixed annuity meaning you might be able to get a higher return. The opportunity for higher return exists with the fixed indexed annuity if I compare it to the fixed annuity. With regards to comparing the indexed annuity to the variable annuity we mentioned, in the variable you go up and down. It's a roller coaster depending on how you invest your premium dollars in the investment funds.
Speaker 1:Right, with the indexed annuity it's really kind of cool. You get to, you get to have your nudie accumulate value grow over time by following a stock index, and I'm making this very simple. Okay, thank you. So you get to select. I'm going to follow or monitor the S and P 500 index and so at the start of my purchase, my first month of owning it starts my 12,. My one year term, 12 month term. I'm going to follow that S&P. I'm going to watch it go up and down, up and down, up and down, and the only thing I care about is, at the end of the 12 months, did the S&P index and higher than it started? Was the end value higher than it was when it began? If the answer is yes.
Speaker 1:My indexed annuity earns money, it grows, it accumulates in value. The catch is, if the index were to drop and have a negative return, like in 2008 as an example, well, guess what? I don't get anything. I get zero, meaning that the value of my annuity doesn't drop as a result of investment performance. It simply gives me a zero percent return. So I don't go forward two steps, one step back, like I do with my 401k plan. That's a really cool feature. As a result that indexed annuity is not going to give you the same performance as a variable when you're invested in investment funds going up and down. But unlike the variable annuity that could lose 10, 20, 30% of its contract value due to negative investment returns, the index annuity, no matter what the S&P did, if it turns in a negative, will give you exactly 0% return. You don't lose a dollar in your indexed annuity due to investment market performance. That's cool.
Speaker 2:That's real cool and at some point I'd like to have a sidebar discussion with you. You mentioned that your 401k goes two steps forward and one step back, I think, in the market that we've been experiencing over the last 10 years. I think we need to have a discussion about that, Sure sure That'd be a fun discussion.
Speaker 1:Yeah, it's. It's just part of right. When you invest money, as we both know and we've done it to a lot of money the markets give and they take away, and one of the big things that people try to help investors understand is what's the recipe for your money to be invested that kind of meets your needs without exposing you to too much of the market damage when it occurs. But you can't get away from it all if you're invested. It's just not something that you can repeatedly do over 20, 30 years of investing.
Speaker 2:What I'd like also to do at some point is drill down deeper into the indexed annuity, and you haven't done that. That's because I've taken away your calculator.
Speaker 1:And my slide rulers.
Speaker 2:Yeah, I took away that and I got rid of Excel off of your computer before you fired it up today. That sucks, man. So I took everything away from you. But I think that would be pretty interesting to just kind of see the math and the probability and the risk management of that. Maybe we could do that for 10 minutes or so.
Speaker 1:I think it'd be pretty cool, yeah, In fact, you remember we did that study around index products, adding two stock and bond portfolios, and what the result was and this is all academic right but what the math basically showed us was there's benefits when you have a measured approach and you include an index product could be index universal life, could be an index annuity but the benefit comes from a key component, which is no downside risk to market volatility to negative, I should say market volatility. That's huge, because all we're doing when we're asset allocating in a portfolio, we're trying to squeeze out excess risk, known as volatility, and maximize at that level of risk our opportunity for return. That's all we're doing. Now we have an asset that might take all of the negative downside risk away and replace it with zero. That doesn't suck for that and we'll probably talk about this. But you don't get all the upside like you would if you were fully invested, like in the variable annuity or in the 401k plan.
Speaker 1:If you have a stock portfolio and the market's up 30% this year, guess what? Your stock portfolio is probably going to be up around 30%. However, with an indexed annuity, zeroes, as they say the sales guys right, Zeroes, your hero. Well, because you got no downside, I'm not going to allow you to enjoy 100% of that stock market upside, so maybe I'm going to limit the amount you can earn on that index product to, in this example, 14%. So the market did 30, you get 14 because you were exposed to the same stock market but you also had a zero downside risk on that year, so you're not going to get the whole 30. We'll cap you at 14% on your annuity 100 grand. All of a sudden, when that credit comes in, your annuity is now worth 114,000. Pretty sexy.
Speaker 2:Yeah, that is real sexy and I think it has its own segment coming up here.
Speaker 1:So we've talked about the fixed.
Speaker 2:We've talked about variable. We've talked about the index. To some degree you explained what maybe they're investing in. So could you just kind of recap, not just so much the structure of the index to the index, but what kind of stuff are you investing in or can you invest in Based on the annuity? Yeah, the underlying portfolios are composed of what?
Speaker 1:Yeah. So I sort of think of this a real quick analogy, and then I'll answer your question directly. I think of the annuities as having different kinds of engines for growth or accumulation, like cars have different kinds of engines. So today we have cars that take gas, we have cars that take diesel, we have cars that are hybrid and we have cars that are electric. Right, so let's just focus on gas, hybrid and electric.
Speaker 1:Okay, when it comes to the fixed annuity, basically what's backing that is the bond portfolio? Almost exclusively your premiums that get paid into that annuity are turned around and invested into high quality bonds, maybe some other stuff, but mostly bonds to back up their promise that they'll pay you in my earlier example, 5% per year for the next three years. That's what it is. It's very old school, very stable and quite, quite safe. Another way of thinking of it is, if I'm thinking of putting money into cash and I have a goal in the next three or five years, one of my options is certificates of deposit from a bank or a high yield savings account, maybe even short term high quality bonds as well as a fixed annuity Very similar when we go to the variable annuity, that engine in that is far more of a hybrid, and why I mean a hybrid is that you have the ability to invest money into stock funds, which are more volatile and have an opportunity for more growth, but you also can invest in bond related funds that are more stable. So it depends on how you allocate as to what kind of you know engine. What, what's propelling the growth of that annuity? Is it the electric part of the engine or is the gas part? And in this example, gas is stocks electric is your all right?
Speaker 1:Lastly, you have that indexed annuity, or fixed indexed annuity. What's backing that engine? Think of it as an electric. You're not really investing your money in the stock market. You're simply declaring I'm going to watch the S&P 500. And at the beginning of my year the S&P reading was 1,000. And at the end of my 12 months the S&P's reading is now 1,200. It's a 200-point change. That's a 20% increase and, as a result, my indexed annuity is going to receive growth. Accumulation of positive credit in the contract up to whatever the cap is on that index participation rate. Does that make sense? It's complicated?
Speaker 2:Yeah, it is complicated and it does make sense. It hurts a little bit.
Speaker 1:And I didn't even show you a spreadsheet dude. I didn't show you a spreadsheet dude I didn't show you a spreadsheet.
Speaker 2:I promise, if we were to drill down into this, it does get a little bit. There are aha moments. I get this enough to where I might consider instead of rejecting it out of hand. There you go. So let's move from that over into the different phases of an annuity. Okay, and I'll tee this up by obviously you've got the premium phase. Yeah, you have an accumulation which may be a determinant as to what type of annuity you have, as to how long that accumulation phase may be. And then we have the payout phase. Run through those, kelly, shut up and sit down.
Speaker 1:So really, in layman's term, you invest your money phase one, you grow your money phase two Okay and you take your money out of the annuity phase three All right. So that wraps up Right. So let's talk about that real quick. So you typically can put money into an annuity. It's either a lump sum one big bucket goes in or what they call periodically, so it could be a monthly thing that you have $100.
Speaker 2:Are there terms for those?
Speaker 1:There don't have to be terms.
Speaker 2:No, I meant are there terms that say that one might be a single pay or a lump sum. Yes, yes absolutely.
Speaker 1:In fact, some annuities that exist only will take a lump sum payment. So you go lump sum or a periodic payment into the annuity that's your money in During the time frame up until the point where you say I want to take money out of my annuity. That's essentially what they term accumulation phase. And remember, this is an insurance contract so they can't necessarily use the same term of investment growth, so they use accumulation.
Speaker 1:Okay, if I'm a 25-year-old and I got an inheritance or my trust fund released and I got $50,000 and I just want to put it into something, I could theoretically put a lump sum payment of 50 grand into an annuity and not touch that annuity for the next 40 years until I'm 65. That would be my accumulation phase in this example 40 years of growing and accumulating, getting credits or whatever, and at 65, I could then say you know what? I want my annuity to pay me income now going forward until I die, and I want that payment to come out every month. I want the check sent to my house in the form of a paper check, because I like going to the bank and I can do all of that. And that just gives you a sense of what those different phases are. That makes sense.
Speaker 2:That does make sense, you sure yeah, no, that makes perfect sense to me your furrowed eyebrows are like no I just uh, the producer didn't mute mute phones and I'm a bit upset by that that's okay, that's all right.
Speaker 1:Assistant producer, that's. It's the associate. Yeah, yeah. So the intern, that's right, all right.
Speaker 2:So then we have what we've got payout Yep Accumulation phase, the payout what factors might affect whether we annuitize or we start to parse it out? And the reason I bring that out is not to get detailed. There's a lot of flexibility.
Speaker 1:Oh my gosh, yeah, yeah, yeah. So, first of all, a payout. Just because you own an annuity doesn't mean that you're locked into taking monthly payments. When you decide to start paying it out, you can take everything out of it in one lump sum as well. You can walk away and say I'm done with the product, thanks for playing, and walk away with your value of the contract, or you can take it monthly. You can also, by the way, essentially move your money from one annuity to another in a manner that doesn't really take the money out of the annuity, and why I keep saying taking money out of the annuity. The moment you do, there will be taxes owed on the money you withdraw out of the annuity, and I'm just bringing that up now. We're going to cover that in a little while here. But that's a consideration for the annuity. Is that when you do take money out? What was I answering?
Speaker 2:What? Why don't we read what? Okay, so we were talking about the payout phase.
Speaker 1:Yeah, yeah, yeah, we were talking about oh, that's right the flexibility.
Speaker 2:So let's talk about the payout phase. The reason I want to talk about the payout phase is because there's a tremendous amount of optionality in how you take money out of your annuity or move your annuity for that matter.
Speaker 1:That's right, yeah, yeah, in fact, your optionality, or options that you have for an annuity it's very similar options as someone would be faced when electing how they want to take their pension benefits, by the way. So you can take money out of the annuity. You don't have to take it out just monthly. You can take out the entire amount, a lump sum payout you can take out monthly. You can elect to have the income paid to you for the rest of your life or you can elect to have the income paid to you for just 10 years. I mean, there's a ton of options when it comes to withdrawing money out of your annuity. Without getting to real, real specifics here. You have lots of optionality, absolutely.
Speaker 2:Okay, so like the Simon and Garfunkel song, 50 Ways to Leave your Lover 100%. Yeah, you got the same thing here.
Speaker 1:Same thing here. Lots of options. You can fit it into almost any scenario that someone has. I mean, here's an example. You have an option to, let's say, plan for. Maybe you have your own business and one of your two children is working in the business and they're going to inherit the business. You're going to transfer that business to them. You can put money into an annuity to equalize the gift to your second child and give them an income stream for the rest of their life based off of your investment in that annuity for child two, while child one gets the business. So in this example, you can use annuities for all sorts of reasons, when it comes to whether planning for your retirement, your estate plan, transferring businesses on and on and on it's an incredible solution to be used. Transferring businesses on and on and on it's an incredible solution to be used.
Speaker 1:The big deal about annuities will always be the safety and guarantee wrappers that come with it. So let's talk about that for a second. I'm going to compare and contrast to make my point. If I have retired and I want income, I have lots of options for income. I can invest in stocks that pay dividends and then have those dividends paid out to me and I use that cash that I'm getting on my stocks to live on. I can invest in bonds and take the interest that it pays and live on it, but in both of those cases I have no guarantee outside of my own management that I will not run out of that income.
Speaker 1:With annuities, the insurance carrier check the small print. But the insurance carrier will guarantee that they will pay me this income amount for the rest of my life. If I live longer than they expected, they're going to lose money on me. If I don't live as long as they expect, they earn money on me as an example, earn more, let's say, of a profit on me. So I can remove the risk of something happening with my stocks and losing the value plus the dividends and so forth, and I end up consuming my investments. Where annuities, I can lock in an income for the rest of my life. That's a huge benefit on the annuity side when we're looking at that versus stocks, bonds and or in conjunction with my stock and bond holdings.
Speaker 2:Do you have? Well, this has really been a good podcast and I like this. This has been crisp, very concise, and we'll probably do other sections on annuities as we move into season two here. But as a historian, I have a question for you. So it's a year 300 AD, constantine's in power in the Roman Empire, and you're an annuity salesman. How would you sell an annuity to the?
Speaker 1:Roman.
Speaker 2:Empire, when you use the word earn, how would you differentiate from a wine earn that he probably has by the thousands?
Speaker 1:We'd go back to growth. Do we Okay, accumulation Okay, or excess return on top of the money you gave me? So you give me $100, and in 10 years I promise to pay you for the rest of your life $5 a year.
Speaker 2:Oh, that's a hell of an answer. Did you just see a cross up in the clouds?
Speaker 1:No, but that was good right, yeah, that was good Thanks. But that was good right, yeah, that was good Thanks. Man, that was really good. Hey, you know what this was?
Speaker 2:a really good start to the second season.
Speaker 1:I think it was exceptional. I think it was exceptional this thing, I mean, all of my answers were perfect. They were absolutely phenomenal answers. Well, here's why.
Speaker 2:Here's why, and I'm just going to touch on this because we will be bringing this up more in season two. Season two it's like ai, if the prompt isn't right yeah, true, meaning my questions to you.
Speaker 1:Yeah, don't get a good answer back. That's true. Plus, when you, when you have your fishing pole with a little lure and you cast it and you drag it back across the house, I keep on following it and I'm focused.
Speaker 2:It's really fun to watch. That's right all.
Speaker 1:All right. Thanks a lot for listening. We'll catch you next time. Thanks for tuning in to another episode of Bullshit on Stills. We hope you enjoy season two and find it as refreshingly honest as ever, because who needs financial fluff when you can have some facts? Remember, we're here to help you navigate through the financial fog and come out the other side with a clear head. A big thank you to our talented content creators from bensoundcom, upbeatio and pixabaycom, who make this journey a little bit funkier. Special shout out to Andre Rossi's Funky Street and upbeatio for providing the groovy theme music that's been setting the tone for our season two adventures. Got a topic you want us to tackle or a financial myth you're curious about? Drop us a text and let us know what's on your mind. Until next time, keep your detectors on and your sniffers down.
