COT 130 ===

Jeff Kikel: [00:00:00] Welcome to another  episode of The Cents of Things with Ron  

and Jeff. This is the first new show of 2026. A  lot went on in 2025. We we got through the year,  

excellent time in the markets,  and now we’re looking at what’s  

coming up in the future. So Ron’s got  a whole bunch of great stuff on this.

Week in history. Got some great  information on the markets.  

I’ll be talking a little bit about a couple of  economic in indicators that I’ve been following  

and seeing some interesting things.  And there are things that typically  

don’t get covered by the by the media so  that it’s not all sexy like CPI and PPI.

So stay tuned. We’ll be right  back on in just a second.

Jeff Kikel:  

Hi everybody. Welcome to the show, [00:01:00]  Ron. How are you, my friend? Happy New Year.

Ron Lang: Yes, happy New Year to  you too. So I heard some people  

debating on how far in the January you’re  allowed to say Happy New Year to people.

Jeff Kikel: Okay I haven’t seen you  since last year, so I can say happy new.

Ron Lang: I know I, it’s not for you  and me. I’ll say Happy New Year you  

in July. Don’t matter to me. Yeah,  I just thought it was funny, but

Jeff Kikel: yeah. I don’t know how far you can  go into it, but I’m still getting Happy New Year.

Ron Lang: It’s almost like that I  haven’t seen almost how far into  

January until you could take  down your Christmas tree?

Yes. You’ve heard that debate too.  Most people take it down by New Years,  

but some people will let that  go sometime in the January.

Jeff Kikel: Yeah. So I’ve got people  in my neighborhood that still have  

their Christmas lights up  and Oh yeah. It’s now the

Ron Lang: night. How mind that that’s great.

When you’re coming home.

Jeff Kikel: No, I’m sorry.

Ron Lang: Got a problem with this.

Jeff Kikel: Yeah, no, I’m sorry.

Ron Lang: So you’re, the Scrooge

Jeff Kikel: not now, comes down the 2020,  the 26th. All the Christmas stuff comes down,  

man, it’s been up for a month. It’s time for it  

to come down after the holiday.  I’m done with it at that point.

Ron Lang: That’s right.

I was actually [00:02:00] in this  supermarket on on New Year’s Day,  

January 1st. Valentine’s  stuff was already out. Oh,

Jeff Kikel: yeah.

Ron Lang: Already. I already had one bag, one  bag of my Brock’s heart. So I’m good to go.

Jeff Kikel: We walked into Hobby  Lobby and it was like crisp the  

land that Christmas. Forgot, man.  It was all spring stuff already.

So

Ron Lang: I love it. I love it.  All right, you ready? Alright,

Jeff Kikel: cool man. Let’s  kick us off with some fun stuff.

Ron Lang: All right, so we’re gonna go  through these quick, we got a lot of things,  

and then the next slide is gonna  be that much more fun or scary,  

depending on how you feel. In 45  BC I thought this was interesting.

The Julian Calendar takes effect for  the first time on New Year’s Day,  

meaning essentially it’s the  calendar that we almost know today.

Jeff Kikel: Okay.

Ron Lang: 1809 Louis, oh, I spelled  his name wrong. Louis Braille is  

born creating braille for blind people to read.

Jeff Kikel: Nice.

Ron Lang: 18. 18. Mary Shelley’s Frankenstein  is published. If you’re a Mary Shelley or  

a [00:03:00] Frankenstein fan in  1835, I had to put this one in

Jeff Kikel: it.

It could be however, it could be f  Frankenstein. It. Just remember it just

Ron Lang: and every, and actually  most people forget. Frankenstein  

was not the name of the monster.  It was the name of the doctor.

Jeff Kikel: It was the name of the doctor? Yeah.

Ron Lang: Yes.

Jeff Kikel: Okay. He’s just the monster.

Ron Lang: Yes. 1835 US debt  reaches zero for the first time.

I think we just, I think we just passed 38  trillion. It is getting bad. It is getting bad.  

And that’s a discussion for another time. ’cause  I think I already beat that to death last year.

Jeff Kikel: Yeah.

Ron Lang: 1847 Samuel Colt. Sell  his first 1847 revolvers to the  

US government. His most famous one was the Col 45.

Jeff Kikel: Yes. But the one that he  sold was actually a Texas original,  

started by the Texas Rangers.

Ron Lang: Aha.

Jeff Kikel: So the Col you,  the Col Patterson revolver was  

created for the Texas Rangers. Okay. [00:04:00]

Ron Lang: 1861. This was news to me. Delaware  rejects a secession from the union two weeks  

after South Carolina becomes the first  day to succeed. I did not know that.

Jeff Kikel: Did not know that either. Yeah.

Ron Lang: I thought it was interesting because,  all right, I know ’cause if you see 1861,  

this was right about when the  civil war was about to begin.

Why was even Delaware contemplating that? I just,  

yeah and it, and you start thinking about  it. I’m like, okay. I couldn’t really,  

I couldn’t tell you what side Delaware fought  on in the Civil War. ’cause it’s in that kind.  

It’s technically below the Mason-Dixon line,  but I guess it fought on the side of the north.

It’s next to, yeah. It’s the northern Maryland  and part of Pennsylvania touches. Yeah,  

exactly. All right. 1863 ema Abraham Lincoln signs  

the emancipation Wow. Proclamation 1892. The  first immigrants arrive at Ellis Island. That’s

Jeff Kikel: crazy. [00:05:00]

Ron Lang: 1920, New York Yankees announced  

the purchase of Babe Ruth from  Red Sox and change everything.

Sorry. I know you’re a Bostonian.

Jeff Kikel: I am a Red Sox fan, and I wow.

Ron Lang: The Cur the curse was done 22 years  ago. You don’t need to worry about it anymore.

Jeff Kikel: Yeah, it’s true. I was, and I was  in town for it, so that was even the better  

part. I happened to be traveling at that time,  so it was it was an incredible time to be there.

Ron Lang: 1924, king touched  Sarcophagus uncovered by Howard  

Carter. Wow. I remember my parents went  to Egypt and they actually had a kind of  

a touring thing in the United States  for that about 40 years ago. Yeah.

Jeff Kikel: Yeah. It was pretty cool.

Ron Lang: 19 42, 26 World War ii nations  declare themselves a United Nations.

Huh. And now obviously without  getting into it that is becoming  

under fire again. So let’s just  leave it there. 1950. They’re

Jeff Kikel: concerned about everything  else but trying to be united.

Ron Lang: Yep. 1959, Alaska [00:06:00] admitted to  

the Union. As the 49th state.  What was the 50th state?

Jeff Kikel: Hawaii.

Ron Lang: That is correct. Hi Hawaii.

It was an interesting, quick,  interesting note there. ‘Cause  

this was during Eisenhower and they  wanted to put in Alaska in there,  

but Alaska was a red state and Hawaii was a  blue state. And they said that no, you can’t  

just add another state. So actually. They  were supposed to go in at the same time.

I think they were either six months  or a year apart when they became

yeah.

Jeff Kikel: Yeah, because it  was 59 with with Hawaii too,

Ron Lang: yeah. And my last little edification  here is look over the first 170 years,  

we had 50 states. We haven’t added any in the last  65 plus to 66 years. I think that’s interesting.

Jeff Kikel: That’s probably a good thing.

Ron Lang: See if that changes in the next  three years. 1969, George Steinbrenner’s  

Group buys the Yankees for CBS for 10  million. Now it’s worth over 10 billion.  

And the funny story about this is that  CBS didn’t know, have a clue about running  

a [00:07:00] baseball team. Obviously it’s  much different today than it was back then.

But the funny story is it’s the only  time someone ever bought one of the  

four major league teams. Lost money.  CBS actually lost money on that deal.

Jeff Kikel: I didn’t even know  CBS owned it. That’s crazy.

Ron Lang: Oh yeah. That’s a famous story. 1972,  

president Nixon, I didn’t know this,  launches this space shuttle program.

Space

Jeff Kikel: shuttle program. Wow.

Ron Lang: If you just take  out the Watergate thing,  

there was a lot of good things he did  with the EPA and car safety standards  

and getting rid of the gold standard.  He launched the space shuttle program.

Jeff Kikel: If you have a chance to, there’s a,  on the, I think it’s the World at War Channel.

They have a series on the the s. Secret  Service, like the modern day Secret Service.

Ron Lang: That’s a good

Jeff Kikel: channel. And there’s a whole set.  Yeah. It’s called The World at War Channel.

Ron Lang: Yeah.

Jeff Kikel: But it’s part

Ron Lang: of a MC.

Jeff Kikel: It’s freaking hilarious with  when they talk about [00:08:00] him that,  

the Secret Service hated him.

Yeah. They just absolutely despised him. He wasn’t

Ron Lang: likable guy.

Jeff Kikel: No, he was a  terrible, he is a, just unlikable.

Ron Lang: He was a great, he was a  very good politician. He just had  

a lot of. Personal demons. Let’s leave it at that

Jeff Kikel: there. Let’s leave it at that.  And that was exactly perfect. But yeah,  

it was a really interesting  seeing that kind of inside view.

Ron Lang: Here’s the other thing I thought  he did was pretty good, even though a lot of  

states did their own thing, signed the national  speed limit law into law at 55 miles an hour,  

1980. I had to put this in because I love  it, but they also changed something to  

make it more politically correct. I don’t  know if you’ve noticed the word in there.

The Sugarhill Gang’s Rapper Delight  becomes Rappers Delight. Hip hops  

first top 40 hit. What’s wrong with that headline?

Jeff Kikel: Rapper. Still no idea.

Ron Lang: It wasn’t called hip  hop then. It was called rap.

Jeff Kikel: Rap. Yeah, that’s true.

Ron Lang: They don’t wanna  call it rap anymore because  

of the negative [00:09:00] connotation. Anyway,

Jeff Kikel: so

Ron Lang: hip hop’s much better.

My own. My own. Ron Lang edification  there. 1999, the Euro debuts.

Jeff Kikel: Okay,

Ron Lang: 2004. The more the Mars Explore  Exploration Rover spirit. Safely lands on  

the red Planet. I haven’t heard anybody debate  that. That was a hoax too. Like the moon landing.

Jeff Kikel: Yeah.

Ron Lang: 2006. I remember I  watched this game. Doug Flutie  

makes the NFL’s first drop kick since  1941, and of course he had to do it.

And it was like I, I’ll never forget  his celebration. Everybody laughing.  

Even the refs were laughing like, oh,  like I can’t believe you just did that.

Jeff Kikel: You did this drop kick. I always  loved on Saturday Night Live when he was around,  

they were like. Doug Flutie and  his sister’s Trudy and Judy Flutie.

Ron Lang: I don’t remember that.

Okay. Alright. So here,

Jeff Kikel: where’s the

Ron Lang: beef? I had to do this. Where’s the  beef? So there was a, an article out, I saw it  

on LinkedIn, that the mc, McDonald’s is facing a  [00:10:00] lawsuit over the McRib ingredients. And  

coming into question is basically identifying that  if you look at the bottom of the yellow section.

Does not contain any meaningful quality  of actual pork rib meat. Indeed,  

none at all. Now, when I saw this, and I’ll let  you comment in a second, I remember, and look,  

I’m sure we could find two dozen stories,  but I remembered a couple of other things.  

I did a search. Taco Bell’s, mystery  meat, what is actually in the beef.

And it’s a lot of like soy products that  are all carbon, yay. And down here they  

say it’s 88%. I actually, I remember  the original story being around 40,  

but they said it’s actually 35% beef. What the  hell is the other? 65%. Now I will tell you,  

my wife. Who started her working  career as a manager for Taco Bell?

Okay, back in the day, they actually took real  actual ground beef. [00:11:00] And put it in a  

thing and they stirred it up and cooked it that  way and everything else. The beans were all,  

it was all hand cooked fresh  stuff. And then they started  

boiling bag things and God knows  what’s in those boiling bag things.

I hear you. And then my last one was  Jack in the Box. I remember this from  

a few years back that they got wacka,  dude. Because this wasn’t the, now I  

remember the thing about the beef,  but this one was about their chicken  

nuggets contained soy protein concentrate,  which is you lucky. Which is ed a filler.

I I don’t even, what the hell that

Jeff Kikel: is? You are lucky. It’s  that I remember watching Jamie Oliver  

did a series on like lunches, school  lunches here in the United States.  

He did this in England. He came here  and did it, and he was showing. Like  

the chicken nuggets that they do inside  of schools here in the United States.

Basically what they do is they don’t even  take the meaty part of the chicken. They  

take all the [00:12:00] bones and  the bits and pieces and parts and  

grind it up into a paste and turn it into  a chicken nugget. And it was the grossest  

thing I’ve ever seen. And the kids, he’s  Hey, does anybody wanna try one of these?

And the kids are all like, oh yeah,  I wanna try that. It looks good. Ugh.

Ron Lang: This is my fun part. It’s called a  patty only The word chicken is listed and it  

contains modified food starch. It just you’re  just reading this, you, and it’s just like,  

why would you ever go to any one of these places?

I don’t. But anyway, obviously we, we don’t  have to count on them as a sponsor of our show.

Jeff Kikel: The only the only fast food  I ever eat is at at Chipotle. I’m sorry,  

I just can’t eat any of this  other stuff. It’s. I hear you all

Ron Lang: moving on some serious stuff.  I thought this was good. Okay, I probably  

should have left this for next week, but these  were the most profitable companies in 2025.

And here’s the interesting thing, Google Alphabet.  Didn’t really do much last year. No, it’s

Jeff Kikel: terrible.

Ron Lang: September, October, [00:13:00]  even though all their numbers were like,  

it was the most undervalued top 10 stock in the  s and p. Yep. And then of course it basically  

doubled in three months. But yeah, the, the  numbers that the they’re producing is disgusting.

It’s just insane. And then you could see where  basically everybody else is just bunched together.

Jeff Kikel: Yeah. And you wonder why  when people talk about the. Magnificent  

seven. I’m like they’re all pretty much up  there in the most profitable company, so

Ron Lang: that’s why it’s not 98 nine.com.

No, they’re actually making money. Yeah. I’m not  

saying there isn’t an air pocket under  their stock price, but Yeah, certainly.

Jeff Kikel: But yeah, they’re, and they’re  not slowing down. The thing, if anything,  

they’re accelerating as some of this AI stuff  happens they’re accelerating beyond that. I.

You gotta say, they’re  doing what they’re doing. So

Ron Lang: I think the one that will  remain under the biggest scrutiny.  

Berkshire Hathaway. Yeah. Now that Warren has  stepped back from CEO EO role, but basically  

he’s [00:14:00] gonna remain chairman, which  basically means, he still has a significant say.

He’s probably just scaling back on his  schedule and probably. His schedule is  

what kept him alive. Now, 95 years  gonna be 96 this year. Absolutely.

Jeff Kikel: Yeah. He’s been in the game and  

he’s as sharp today as he was  when he was in his twenties.

Ron Lang: I think he said his  cognitive has slowed down a little bit.

His speech has gotten very raspy.

Jeff Kikel: Yeah, but you know what? I put his  

brain up against 90% of the mutual  fund managers that are out there.

Ron Lang: I hear you. It

Jeff Kikel: takes him every day.

Ron Lang: So I thought this was  interesting because obviously we  

have people that watches that lean  one way or the other politically,  

but typically your two of a  presidential term is typically.

A flat to a down year. And I thought this  was interesting that if you take out,  

if you take a look at just all the  years, meaning non midterm years,  

right? 2020, like a 2025 and a 2027. Those  are typically [00:15:00] the biggest years.  

Election years are pretty good, but  midterm years you could see is the lowest.

Performance out of all of the years. Not to say we  don’t have a chance of being up, right? We did the  

stats a couple of weeks ago since 1950, I think  there was only 16 down years. Even though some of  

that overlapped and whatever I just thought this  was interesting for what people may think of.

Hey, can this keep going? We had  three double digit gain years in a  

row. Yeah. Okay. Just to let you know, this year  does typically will have its struggles, thoughts.

Jeff Kikel: Yeah. I agree. I, and I think it’s,  it probably is not now or for the next six months,  

but then you start getting into the  campaign season and then it becomes  

all this wild gyrations or oh, does it  look like the Democrats are gonna win?

And then you’ve got, all kinds of crazy  stuff going on. And we went over this in  

my piece of it where I’m like, I could  see. A split house, house and Senate,  

which probably in the long run is good  [00:16:00] because then it forces them to  

actually work together. If it goes all Democrat,  then it’s gonna be all investigations and blah,  

blah, blah, and nothing is gonna get done that  way and nothing really can be, which means the

Ron Lang: market will go up.

Jeff Kikel: Which means the  market will probably go up.  

’cause everybody’s okay, good. Then they’re, and

Ron Lang: nothing’s

Jeff Kikel: gonna get done.  Nobody’s gonna, nobody’s gonna  

regulate us. Nobody’s gonna screw with  us. We’re just gonna go crazy. But yeah,  

like I said I think, it’s, we’re I think  we’re. Hoisted for a really good year,  

though because all this stuff is starting to come  into place from the tax bill from the summer.

All of it’s starting to roll in basically as  of this Friday’s paycheck for most people.  

There’s gonna be, they’re gonna see more  money in their paycheck in most cases.

Ron Lang: Yep. Okay. My last slide, which  I’ll go through quickly. We’ve done the  

cape ratio a couple of times in the last  year. I thought this was just interesting.

Again, history may not repeat itself,  but it does rhyme. And this is PE price,  

earnings ratio adjusted [00:17:00] for  inflation. And obviously you could see  

the last time we were at this high, and you  know this is going back. Certainly quite a  

few years here. I think this is going back to  the 1920, I think it’s 1920 ish or whatever.

So just look at that as a hundred years. Basically  this is saying that our market is overvalued,  

but if you’ve been in, if you’ve been around for a  few decades, we could stay overvalued for several  

years. There’s always a catalyst that brings  down where we should be from that air pocket.

Jeff Kikel: The problem I have with this, and  I highly, massively respect Robert Schiller,  

however, this is a, it’s a market weighted,  or it’s a a market weighted or market cap  

weighted thing. So yes. Some of the index is  wildly overvalued. If you were to strip out  

the top seven to eight stocks, it’s actually  wildly undervalued [00:18:00] at this point.

So the top ones, they’re all up in  the eighties, nineties, hundreds,  

and stuff like that. The average stock  on the s and p 500 is like 16 right now.  

16 to 17. I’m sorry. I just I don’t buy  it. I think we are still. If anything,  

I would like to see the market broaden  out and I’ll share some stuff next week.

’cause I don’t have time to do it this week.  It was something I caught off of investors  

Business Daily that showed like basically  over the last six months, the really. Top  

performing areas and industries and you would be  shocked at what was really the top 40 performing  

industries. And it ain’t none of these ones  that are in the tech space or the nifty seven.

Interesting. At that point, it’s really  interesting. It was a lot more kind of  

bread and butter companies that you would not  think would be doing the best in that. So I’ll  

share that with you. What do you got? Okay, let me  share this real quick. We’ll just do some a little  

bit of economics [00:19:00] and let me get back  to the Econo Day calendar before I bring this up.

Okay. So as being the economic weenie always,  

really a quiet week for economics. Really  quiet year so far for economics. Not really  

much. And what I always look at are these  ones that have a little red star. Those  

are things that supposedly would move markets.  Doesn’t always mean that. I think the biggest  

one today was jobless claims, which were  basically in line with what was expected.

We’re we’re about 2 0 8. And the consensus  was 2 0 5. So I think, from that perspective,  

we’re in what we would’ve expected at this  point. I think the one that interested me  

the most, and it’s been one that I’ve been  keeping my eye on for the last few weeks,  

or really about the last month or so, is  international trade and goods and services.

So it’s one that you don’t hear much about,  people don’t talk about they might bring it  

up occasionally. But [00:20:00] here was something  interesting. So this is. For the month of October.  

So they’re playing catch up right now. Yeah.  Over, trying to get caught up. So this is October,  

the last one was September, which  had come in at negative 52 billion.

It was just revised with this one  at negative 48.1. And so what this  

number is negative means that what we’re  bringing in versus what’s going out as far  

as goods goods and services. Here’s the  interesting thing. The consensus on this  

one was negative 59.1. It actually came in  at negative 29.4, which is off the charts.

Amazing. And it’s interesting because I was  trying to figure out okay, what does this thing  

actually look like in reality? So here is. From  the St. Louis Fed. I’m a big fan of their stuff,  

and this is interesting to see that. If  you look back to [00:21:00] 1992 and you  

look at how our government has been  in this kind of, oh, we’re not gonna  

produce things and we’re gonna soften the  dollar and everything else. And look at  

how our trade deficit has gone down. And  then we saw a huge drop down right at the  

beginning of the Trump presidency because  of the ta, the taper or the tariff tantrum.

Everybody went, oh my God, we’ve gotta order all  this stuff from overseas. And then as of recent,  

it’s been fighting its way  back up. And then of course,  

for September it was negative 52. For  October, it is negative 29th. So we  

are coming back massively here and it’s  higher than it’s been since before 2020.

The interesting thing is we are gonna get a  flurry of information over the next few day  

or few weeks. And so I, I just actually  ran this in grok to find out what the  

schedule is for these. So January [00:22:00]  29th, we get November. Numbers February 5th,  

we get December numbers, and then we get  back on the normal schedule in March.

We’re always about two year or two months  behind, so we’ll get back on the normal  

schedule. So we’re gonna get a flurry of this  information over the next few weeks, but it’s  

gonna be interesting to see how that is really  working in favor now. Is that because everybody  

bought all the stuff that they needed earlier  in the year and we’ve just been skewed that way?

Or is it really truly that we’re producing  more that’s being sent overseas? That

Ron Lang: why would it have fallen so much in  the beginning of the end of 24, beginning of 25?

Jeff Kikel: So this was right around this was  February and April. So this is when they started  

talking about the tariffs. And if you remember,  a lot of a lot of ’em were talking about how.

We were, oh my God, it’s, there’s gonna  be these horrible tear outs. So we doing

Ron Lang: business for two or three months.

Jeff Kikel: Yeah no, this is, this means that  there was more [00:23:00] incoming than outgoing.  

So remember when everybody was trying to, oh  my God, it’s just gonna put the brakes on.

Anything from overseas. So all  these companies were ordering,  

things from overseas quickly. To do that.  And then it got back to normal as we rolled  

into April and it’s been just chugging along  pretty good ever since. So it’s, like I said,  

it’s an intriguing number to me because we’re  getting back up into a range we haven’t seen and  

since the 2009 period of time at this point  of trade deficit, which is awesome because  

it means our companies are making lots more  money and we’re not having to import as much.

Ron Lang: Okay.

Jeff Kikel: I, and the other one is the China  thing, which I think is interesting ’cause  

everybody talks about, oh my God, if we don’t deal  with China, it’s just gonna be horrible. In 19,  

I think it was 20 or 2005, we imported 30% of our  goods and services from China. [00:24:00] Today,  

that’s less than 9%. When everybody talks  about, oh, we have to worry so much about China,  

it’s not nearly as big of a, an importer, or  them exporting goods to us as it used to be.

Not anywhere near the percentage wise.

Ron Lang: Yeah. I, like I said,  we’ll, it’s gonna take a while to  

see how all this shakes out. Yeah.  Certainly get your popcorn ready.

Jeff Kikel: Oh yeah. Like I said,  I think a lot of the international,  

the tariff rules and everything are in place,  so we shouldn’t see a lot of shocks around that.

So it like I said, it’s gonna be interesting to  see. Does that trend continue or does it go back  

down? But it was just a really big number quickly  that we see. And then we will see two more within,  

a period of about four weeks to see if Okay. Is  that a continual trend in the right direction?

Hopefully,

Ron Lang: yeah. Alright. Like I said, until  all the data comes in and we see how some  

of these things are still being negotiated, I  don’t think we’ve ever gotten. [00:25:00] Real  

information about what is signed, what’s  not signed. And if they are signed,  

what does that mean? Yeah. As far as what are we  receiving how much better is it than what it was,  

with everything that keeps happening every  day and every week, all this stuff that  

was on the front page is now on page eight.  And it’s frustrating because it’s tough to  

keep track of it, but I think that’s also the  intention too, without going down that road.

Jeff Kikel: Absolutely. And then the last thing  

I just wanted to share is I’ve got  a little bit of information today.

I shared with Ron. I had a client asking  about the Trump accounts for kids. That one,  

one, I think it’s a horrible name for the thing,  

but whatever the Trump accounts for kids the.  Savings accounts basically that are being set  

up under the one beau big beautiful bill  act that people will be able to save into.

The details I was able to find out is any kids  born after January 20th, 2026 [00:26:00] will get  

a thousand dollars into their accounts. So  when parent now, how that mechanism works.  

I have no idea. Parents will also be able  to contribute $5,000 into those per year  

for their kiddos. Now as far as where these are  gonna be set up, how they’re gonna be invested.

No news yet at this point. There is a an  article done by the White House office of  

the economic advisors. That. I’ll put a link to  that in the show notes page for the show. That  

actually goes over this a little bit more in  detail or as much detail as we have right now,  

and shows what this could actually be for your  kids, especially if you’ve got young kids.

It’s a really intriguing way to give them  a massive start in life. Free money. Free  

money. It’s not free money, but I think it’s money  that. Up to this point, you haven’t really had a  

vehicle besides five 20 nines to save this into.  So it, I think it’ll be intriguing to see what  

people do with these and how they put their  kids in an [00:27:00] interesting situation.

The client I did this for, we already  had taken care of. The college part,  

but I’m like, man, if we just  put a little bit more money in,  

your kid gets outta school with no college  debt and upwards of $300,000 to start their  

life. That’s one heck of a way to go.  It’s just time value of money over time.

Ron Lang: I agree.

Jeff Kikel: Beautiful.

Ron Lang: At the minimum it’s  gonna double every 10 to 12 years.

Jeff Kikel: Yeah. Yeah. And you got a  lot of those in between in between that  

time period. And if you get regular market  returns, it’s every seven years it’s gonna  

double. Alright folks, thank you for  joining us. We do these shows for you.

Welcome to the new year. Welcome to another  12 months of watching the rest of Wall Street  

change their numbers up and down with what  goes on in the markets. But we shall stick  

to our numbers and we’ll see where we are  in December again. So thanks a lot. Thanks  

for joining us. Make sure you subscribe to the  show, show and check out the show notes page.

Thanks, and [00:28:00] we’ll have  a good, or see you next time.