Welcome to a life well lift. Grow, preserve, and transfer your wealth with Ken Ouellette, CPM certified portfolio manager and founder of Orca Wealth Management. In this podcast, he will provide some clarity and setting goals needed to build, preserve, and transfer wealth, and overcome some of life's financial obstacles. Ken provides actionable steps to help you plan through your financial ups and downs
in a way everyone can understand. Join us on this journey where Ken will explore many financial avenues, drawing from his three decades of experience in helping others avoid risking a lifetime's worth of work and savings by not having a plan and a strategy in place. Now, onto the show.
Yeah.
Yeah. It's beginning to look a lot. Not like Christmas around here. It's, like, fifty six degrees outside.
Yeah. We're about the same. We're about the same. And Yeah.
But we're usually, like, in the thirty, forties. This is crazy.
Yeah. And the only thing colder and more miserable is the stock market right now.
Dun dun dun. Oh, well, okay. On that note, hey. Time to go. We'll wrap it up.
Yeah. I I don't wanna, you know, I don't wanna, you know, knock on wood, but our last podcast was the market the PE and overvaluation of the market currently. And and I think, you know, a week later from that that podcast, I I think the market's kind of bearing out some of that fruit that we laid out in that podcast. So you, the listener, if you didn't listen to the last podcast, please
Check it out.
Go back and check out that podcast. Not that we're, you know, fortune tellers or anything, but it's
just prognosticator.
Yeah. Not yes. Exactly. So, yeah, I would encourage anybody to listen to that podcast, because it's got some good meaning of what, what I think we're gonna see going forward for the next six to eight months.
Well, I think today's podcast is gonna be a good one too, Ken. And I wanna talk about dividends, because, you know, I put money in, isn't that? And I I you know, when you think about it, like, a a savings account, I put money in. I can watch it grow, and you get a little interest and stuff. But with the stock market, that's not really a savings account. I mean, how do I get my money? I mean, what what how does it grow? What's
help me. Yeah. Yeah. Everybody thinks they know about you know, dividends are near and dear to my heart because I've built essentially my whole career off the back of dividend paying stocks. And, you know, I think there's been several podcasts we've done on on different varying ideas centered around dividend stocks, but never one that is just, you know, kind of the one zero one on, you know, what are
dividend stocks? Why are they important? Because they've kinda I mean, what's been all the rage over the last three years has been really the the big seven stocks. Right? The Alphabets, the Microsofts, the Nvidia's. All of those are growth stocks that aren't aren't what you would call you know, they may some of them, Microsoft and and Google, I think now, after this year's paying on small dividend. But dividends are very, very, very small, price of the
admission for those those stocks. So you're you're looking for the growth. You're looking to to make ten, fifteen, twenty percent on the capital appreciation and not so much get an income stream from them.
Okay. And and I like the way you you change that to a capital to income stream. Yeah. We're talking, like, this is, with dividends. The beauty of it, you can just, push play and and then you just get money every month?
Yeah. So if I could paint a picture for the the listener's mind, I look at the the dividend stocks as kind of you just you're not long off the tee. You know, you're kinda just maybe people blow it by you when they when they get up to the tee box in golf, but you're always straight down the middle of the fairway. And you just you're not going way to the right. You're not going way to the left. You're not going way down the the course. You're just kinda saying, hey. Here's my
deal. I'm just gonna try to hit it right down the fairway. I used to play golf with a guy. He was eighty eight, eighty nine years old, client of mine. I was atrocious at golf. And he lived, down in Naples. And he was a very, very good golfer. And he would go driver, driver, driver, putter, and par the hole on almost every hole. Because he was just dead straight where I was just hitting it long to
the right, to the left. And and just his whole approach to golf was essentially the approach to dividend investing that I try to get across to people. It's keep it in the fairway, keep it straight, get it to to the finish line, and you're not going out of bounds or paying a big penalty somewhere down the road. And and I I think that that if I could paint a picture for anybody, that's kinda it. It's the base hits in baseball. It's not the the
glory of a home run. It's just you're you're you're you're more of the Rod Carew, not the, not the Barry Bonds.
And you've you've stated that before too. I I'm just I can hear it in my head. A number of times she just said, you know, I don't go for the home runs all the time. I try to stay, you know, steady, slow and steady wins the race. Yep. And that's kind of that's pretty much how you do it. Isn't it? I mean, for you in general, I mean
It's the only thing I know. It's the only thing I've seen that's worked consistently through all market cycles. So sometimes and we'll kinda get into the history here of dividend investing and how it's performed. But, you know, it's not there there will be periods of time and it can can stretch out like it has now, like a decade where growth is far out outpaced, dividend and value. And, you know, that's great. But, you you know, lifetimes
aren't made of just single decades. They're made of, what we hope, nine and ten decade type of scenarios. So we wanna do generally well over those six to seven decades that we're really, managing the serious money of a client's portfolio.
Are they safer?
Well, safe is a is a relative term. So
It kinda makes sense to me though. I mean Yeah.
No. In my in my view, historically speaking, looking in a rear view mirror, you can make a strong case for dividend investing being, you know, safe is is a word that's is is difficult to quantify in the investing world because, volatility is the word that we use. So, you know, you when we think of safe when I think of safe, I think of something that's number one, gotta be your principles gotta be somewhat protected to the downside a little bit, you know. Mhmm. And
so it's not as volatile. So if the market's down forty, you're not down forty. You know, maybe you're down fifteen. But then on the same token, you would say, is it safe like a bond? And no. But a bond is not safe either because it doesn't typically keep play pace with inflation. So when I hear the word, I just wanna be safe, that is such an all encompassing term when it comes to your finances because there's safety of purchasing power, there's safety of principle,
there's safety of liquidity. So and that's a long answer to what I think that you were trying to be assured.
But it's no. I mean, it's the truth. I never really thought completely that's the whole point of this podcast is the average per like me, I never really thought about that, and you pointed out in a good way that that safe is it depends on a lot of different factors. What your definition of safe is, and in the finance world, it's volatility as you said.
Yeah. So I think the people that didn't participate in the markets at all since the two thousands I mean, early two thousands when interest rates were at one to two percent. So they were safe with their money because they put it in CDs, treasuries, and things like but they only earned one percent. Right? So if inflation's going at two, three, or four percent, they were safe with their money, but they were losing money every year. They just didn't know it because their purchasing power
was was was just dwindling. So after two decades, they had thirty percent less money that they could purchase things with. Their principal is safe, but were was was their investments in their retirement plan safe? I would I would argue no.
So for now Mhmm. Dividend stocks, you put money in, and they give you a percent back each every other month or month or every how do how do they actually dividends? How does that work on that part?
Yeah. Let's let let's take it all the way back. So, you know, really, we should define what a dividend stock is.
Right. Okay.
That's what you kinda asked. So so a dividend stock is essentially a a company that pays the the board of directors. They get together and they and they will discuss what their payout is gonna be. So a dividend stock pays out a dividend typically every quarter. Some do once a year. But by and large, every quarter, they'll meet and they'll decide what the payout should be for that company. And so if that company is healthy, they have a good amount of free cash flow.
They're able to do their operations. Whatever's left over, a dividend stock will give that money to you, the shareholder. Whereas in a growth company, they retain those earnings because they they think that they are gonna either make purchases or, research and development, and they're going to retain the money, not pay it out to you, and they're going to grow the money.
Whereas a dividend investor in a dividend company, you're getting a particular payout of those earnings, and you're gonna receive it every quarter.
Are they set guaranteed?
No. That's what I mean. We so the the board of directors will get together every quarter, and they're gonna decide. They're gonna, decide what the debt payout will be on those companies.
It's more of a historical thing. They they when you look at it. Historically, they've given x amount of dividends.
Exactly. So every quarter, they're they're gonna decide, okay. This this will be our payout for the quarter. Now they are very, usually, the more mature companies, the larger companies are the ones that pay the largest dividends. And when you think about that, you think of utilities, you think of health care, you think of,
many of the industrial companies. You know? So they pay out so a lot of their their attraction, their the shareholders own them, the institutions own them, is because they have a a large degree of comfort that that payout is not gonna be cut.
Uh-huh.
Okay? So are they guaranteed? No. But you can look, as you said, historically, and you can look at the the balance sheets and their earnings every quarter and say, okay. There's a high degree of likelihood that they've paid a dividend. You know, some companies have increased their dividends for seventy years. Right? Or paid a dividend for for golly, for for many, many, many, many, many decades. So you can get a feel that that is an important part of their, their being is passing along
that income, and that's why they're owned. And so we look at it and say, okay. They're paying out this. Their earnings look like this. The balance sheet looks like this. We feel very comfortable that they're gonna be able to continue to pay at least the dividend they're paying now.
Yeah.
Good companies will increase that dividend every year.
So you you mentioned a couple things like health care and and and and power company, things like is there any any company could be a dividend? Or is there
any Any company can pay a dividend. It's just the board of directors has to decide that they wanna elect to pay a dividend.
Interesting.
Yeah. And and, really, you you brought up the point that, what do all the what are those industries like, utilities and health care? What what do they have kind of in common? Energy companies. What do they have what do they have in common?
Well, they all support us directly.
And and they're they're very, there's not a lot of volatility in their earnings.
Oh, I'll give you a minute.
You know you know what I mean? So utility company, you kinda know that, you know, they're gonna go to their board. They're gonna go to the commission, the energy commission of that particular state. They're gonna ask for a raise, and your utility bill is gonna go up. And you can kinda gain that that's what the how the much their earnings are gonna go. There's not a lot of lot
of variability. Uh-huh. So that's why utility stocks for many, many decades have been kind of a mainstay of an individual's
Well and I've never even really thought about utility stocks. I mean, when I think of, like, PG, you need out here and stuff like that
Yeah.
I I just never really thought of them as a it's more of a business, you know, like, mom and pop business on the corner. They don't do dividends. So why why would they do it?
Yeah. Yeah. So it's it is it is a good feeling when you get that bill from, you know, PG and E or or Duke Power or what what have you. And and, you know, you you see that there's a slight increase, but then you see, okay. Hey. They've they've also I own the stock, and they've increased the dividend. So, you know, I maybe came out a little bit ahead from that price increase.
Interesting. Yeah. This this has been good so far. So is it it's truly a passive income? You know, people always talk about how they want passive incomes, where you don't have to do any work or things like that. But it's it's I say truly, but it it isn't actually. You have to research and you have to do you ever do you play around with them once you select one?
Do you
or do you just kind of stick with it for the ride?
Yeah. They're great, great, great question. So passive income is is the most beautiful part of the dividend scenario. So the when I when we say passive income, it means that you're just getting the income without any labor involved. So what I liken it to is you can have a dividend portfolio or you can have a portfolio of properties. Okay? So that are gonna provide you income from rent or
what have you or Okay. You so you own let's say you own five or six rental properties and, you know, you can kind of you you decide what you're gonna charge those people in rent. They're gonna pay you. And so some people deem that as passive. But it's not truly passive because they can call you at three in the morning and say, hey. I've gotta burst pipe. You gotta
get this fixed. Yeah. The one thing about, you know, dividend investing is purely passive because you never get the call that, hey, you know, you're gonna have to pay these increased property taxes, you're gonna have to pay these increased you gotta need have a new roof on this, dividend stock. You're not gonna have to none of that. So you just have to have essentially, somebody that's looking at these companies to make sure that they're gonna be able to pay those dividends. And so it
truly is pretty pretty passive. Right? You just collect the dividends. You either reinvest them or you you spend them on your retirement or and to increase your income. Mhmm. Right.
And enroll them or roll them over is what you're saying too.
Yeah. Yeah. And that's and that's a strategy that, that I really, really like and hopefully we'll get into that, really makes the power of dividend investing so so compounding. We can get into that later on. But, yeah. I mean, that's it it truly is, one of the best forms of passive income generation.
So we talked about how you choose the different ones a little bit. But, I mean, do you try to diversify? I mean, do you want I want this public one. I want this over here. Do you try to make it well rounded or is it just hey. It's a dividend. Just kinda roll with it.
Absolutely. So we'll we'll try to build a basket of dividend paying stocks within varying industries. So sometimes those industries are out of favor in the market, but their balance sheets are still good and they're still gonna be able to support that dividend. So maybe some of the other sectors are in favor. So we don't know. We don't have that crystal ball to know which which area the money is
gonna flow to increase their shareholder prices. But we can look at the balance sheets pretty good and the income statement of the companies and see which ones are gonna be able to continue to pay the dividend. So we wanna be in health care, defense, utilities, real estate investment trusts. We wanna be in different areas. You know, some technology is paying some decent dividends now. Apple, pays a dividend. Microsoft pays a dividend. Alphabet's now paying a dividend.
So we wanna be a little sprinkling in there. It's And then
So I use that safe term. It's safer to be diversified.
Yes. You wanna be diversified across you
And I I gotta quit using safer. It's less volatile.
Less volatile. Yeah. It just evens the ride a little bit and evens the income stream. Okay.
Do all of them actually grow? I mean, you no. Actually, you've answered that. You said that some of them kinda stay steady.
Yeah. So we'll we'll take a company like Verizon. You know, you don't get much price appreciation in Verizon, but it pays a very very healthy dividend. Uh-huh. Right? So you're really you're looking at it to go maybe grow the principal three two to three percent a year, and then maybe get a five to six percent payout, on the on the the dividend. But you're not really you you're not really looking at it to to give you a nine, ten, fifteen percent increase on an
ongoing basis on the share price value. You know, telecom stocks have always been kind of that that and utility is the same. Utilities can can kinda flow a little bit with with when when the market gets ugly, a lot of people buy utilities. Alright? Because they're they're kind of a kind of that, that harbor in a storm, if you will, historically. So what the biggest mistake with dividend investing is some people just buy them, and I
see this a lot. They'll just buy the companies that have the highest yield.
Yeah.
And and remember, we've talked about this in previous podcast that that yield is a measure of price. Right? So if the price goes down, the yield goes up. So sometimes, if the price is going down and down and down and down and the yield is going up because the price is going down, it's sometimes a red flag. You have to you have to dive into the balance sheet and let's say, okay. Well, why is the price going down? And so usually, the price goes down first, and then the dividend cut is
forthcoming. Mhmm. Okay. So you wanna you have to be, you you gotta be prudent. And so a lot of people just go out there and buy these companies that are paying five, seven, eight, nine, ten percent dividends, and those are sometimes the worst ones to buy. Because you're not gonna get any dividend growth, and then you you're probably gonna have a
dividend cut forthcoming. And then you have a low share price, and you've gotten a dividend cut, and then you've just really hurt yourself on both ends.
Do you find a do depending on the individual you're working with, say, a young person to an older, do you, vest with them in different dividends? Like, the long long term long gains. What do you I think that's the term, isn't it, for long term gains or for dividends?
Well, I think the more more so the mix is a little bit different. So if you're if you're younger, maybe you have a little bit more of a growth component to the portfolio because you're not taking the income. You're not gonna be needing the income for a while. Now for me personally, I like a large portion of dividend paying stocks because they work in varying market cycles. They're very
productive in the downside. So I I tend to think of them as growth orientated even though most in the general investing public public would would disagree. I mean, they they like to see the the the statement going up, and the market's going up. But yeah. So but you so the younger people kinda have to generally have a little a little more growth in there. And it's really just to because dividend stocks are boring. They're just not
exciting, which excites me. But some people need a little bit need a little bit, excitement, particularly younger people, and I understand that.
Steady. Would that be another another term?
Yeah. Very, very good term. Steady and just visibility. You can just see because the companies have usually long arcs. So you can see how they performed in down down cycles, up cycles. You don't have to the biggest the thing that keeps me up at night the most is big draw downs in the market where you're not being productive. You have to
just wait out the market Uh-huh. Which is that's where my impatience comes because I wanna make sure that at the bottom of the market that we're we're able to do things that are very, very productive when the market does cycle back up. And dividend dividend stocks really give you a lot of levers to pull, in in that in that regard. They they don't go down as much. You can take off the the dividend payout and reinvest it so you're amplifying the returns at the bottom. It just, it just gives you a
lot of options. And they're just so overlooked, I think, by even younger people. But, they they just really have a lot of merit.
Well, a lot of the younger generation, you know, passive income is a big phrase.
Yeah.
And I I can understand that. I mean, no one wants to work more than they have to.
Well, I think their their definition of because I've, you know, as you know, I have I have three kids at home. If I were to bring up passive income to them, they would say, I'm doing I'm an influencer on YouTube, and I'm doing videos, and I'm getting monetized for those videos on YouTube. Right? So that's their idea of passive income.
Yeah. I'll give you that too.
That's true. Somebody sitting at home on their computer doing something and getting paid by an advertiser. That is this generation's, this younger generation's view of passive income. Where, as we know, when recessions happen, what is one of the first things that gets cut by companies?
All those fun things.
Advertising budgets. Yep. One of the first things that goes. So that passive income becomes a passive black hole.
Well, now we're bringing up into the younger I mean, the older generation. Mhmm. And if I take out my dividends because I want the money to live off it
Mhmm.
Is I mean, straightforward. It's just like anything else with taxes. You're gonna pay money on it, taxes on them?
Yeah. So dividend stocks are taxed a little bit differently because there's qualified and nonqualified dividends. Qualified
they are, Ken. You had I knew this was coming. It's never straight and easy.
No. No. Nothing in the IRS code is easy. But the so that's one of the advantages. If if you're in a higher tax bracket and you buy companies that pay qualified dividends, And, typically, those are your companies that are, that that that it's not deemed an interest payment on the balance sheet, but it's it's a pure dividend. There's no like, it's not a REIT or something that has a definite tax code associated with it or a
k one or something of that nature. But a qualified dividend is your traditional old school paying company. So that means you're taxed at a maximum of fifteen percent of the current law regardless by how much you make.
Oh, wow.
So it that that's a favorability. Now back in the day, utilities used to be taxed very, very favorable. They since changed that law. And and one thing we know with tax law is it's always subject to change. So but for right now, qualified dividends are at a max fifteen percent, which is, which is nice, particularly held in taxable accounts.
Very nice. Mhmm. Alright, Ken. We talked a lot about all these, you know, stuff that, kinda so you need a little math to figure out and or or put some thought process to. I just give me a real life example. What's one of your favorite dividend stories as one of your customers over the years?
Well, we don't have customers. We have clients number one. And and secondly yeah. I'll give you two. I'll give you two that really, for me, crystallized my whole methodology on how I manage money for clients. The first one was we had two individuals that retired. They had started in the late forties, fifties, managing money old school way. They were just great influences on my career, taught me a lot
of stuff, were mentors of mine. They retired, and they, they distributed their their clients, not customers, clients, to to individual financial advisers that that this time, I was with Morgan Stanley. And what I noticed in their book was a a lot of dividend paying companies, and they had done super, super, super well over these periods of time with these clients. And one in particular was a lady who was was a secretary for Philip Morris. And Philip
Morris used to be very large. Right? They used to have Kraft, Mondelez, you know, their international operations. It was, like, a big conglomerate. Very simple, boring company. And she just did her payroll deduction and just bought Philip Morris. Now I don't I don't would never recommend anybody buy just one stock, but this is the power of just one dividend stock of what this individual did. So I wanna preface that by saying I don't tell you, hey. Go buy one dividend stock and reinvest the
dividends for life. But this individual who was a secretary at Philip Morris had ended up retiring with fifteen million in Philip Morris. Yeah. And and it just well, that that doesn't kind of, you know, raise your antenna a little bit that, woah. One stock, very boring stocks, just reinvested the dividends. You know, they ended up breaking up, and she got great
companies from the breakup. And then the second one was two thousand when the dot com era broke from two thousand to two thousand and ten when the market did zero return, and it was called the lost decade. Dividend paying stocks as a whole returned between five and a half to six percent annually during that decade when everybody else really was was treading water, and at the end of the
day, had less because of inflation. Yeah. And those were the two crystallizing case studies that really said to me that this is a is a strategy that really everybody should consider or look at. You know, don't take our word for it, but look historically at it. Look at what dividend a basket of dividend paying stock can do, what they can provide. And and it it it made such a a big difference in my investment philosophy. That's where I put my own money, my family's
money. And and so if it's good enough for me, I think it's good enough for for anybody else out there. And so that's that's what I do. And those were the two case studies that really kinda crystallized my my thought process on dividends and as a whole.
Very nice. How do you go about choosing?
Yeah. Yeah. Well, I would say number one, financial health of the company. First and foremost, that's when I had mentioned earlier, you just don't buy a company that has a high dividend. You first and foremost have to look at the financial health of the company. Are they gonna be able to sustain the dividend when things get bad? Or or will they have ample opportunity to increase those dividends over time? The ideal company for me is a five to seven percent grower on the capital,
so the company grows. And then they also distribute the dividend, and they grow that dividend anywhere between three and seven percent a year. That to me is the gold standard of
a dividend company. And that's what I'm looking for every single minute of every single day I'm working is I'm scrolling through, data and spreadsheets looking for companies that are not too expensive, that have great financial health, have a good dividend yield that's gonna that's going to appease my client's income needs, and the payout ratio is not too high. The payout ratio is is basically how much of that dividend
is constitutes their earnings? So if you have a company that's earning a dollar a share and they're paying out a dollar ten, that sounds like the American consumer. Right? They're bringing in a dollar and they're spending a dollar ten.
Right now. Yeah.
Right. Well, it's always been that way kind of. So we don't we wanna avoid those type of companies. Right? Because it's only a matter of time. You can't pay out a a hundred and ten percent of earnings.
Yeah.
You can for a short period of time. Many do, but then all of a sudden, they start assuming more debt because they wanna continue the payout, or they'll have to be so constrained and that they can't grow at all because they're it's all in the dividend. So those are those companies that are paying out high dividends, and you're not looking to financial help the company. So the payout ratio
is very important. What's the what's the pay you know, ideally, fifty to sixty percent is kind of the what I would what I look at the kind of the most payout for, the ability to also, you know, increase their earnings.
Uh-huh. So that company's gotta grow too. That's the whole point.
Yeah. Yeah. Yeah. They gotta be able to grow that dividend because, you know, we want we want a dividend that's a dollar a share now, and then ten years from now is, you know, a dollar twenty a share. Uh-huh. So So it's kept you ahead of inflation, and you haven't even even had to touch the principal. So that's that payout ratio is a factor. Dividend growth history, you know, we went into that, but we wanna I like to see a nice nice pattern of
rewarding the shareholder for their patience. Alright? That means the company is not retaining the earnings. They're paying it out, to to the shareholder, in a healthy manner. Right? And then and then, you know, as I said, and we've already went over it kind of, but the industry and sector analysis, some sectors were gonna be overweight because they have favorable metrics, for the next three to five years, and some we're gonna underweight because maybe they don't have
as favorable a metric over the next. So typically, you know, in the current market right now, we've had with the Trump administration coming in, there's been a lot of talk about going after the health care companies, right, or the insurers. So maybe that was an overweight sector before because the past administrations were very favorable towards those companies, and drug prices and things of that nature. So now that pendulum
might be swinging the other way. So maybe we wanna not get rid of that sector, but maybe not emphasize it as much because the next three to five years might be a little bit more headwinds, if you will. So maybe they're not gonna be able to increase the dividends, or their earnings are gonna are gonna be, moderated somewhat. That make sense?
Yes. Yeah. So as you say, though, if I have a good well rounded portfolio, like Mhmm. Everyone says you need to have, I could just take these dividends forever.
Oh, yeah. You should.
Assuming that
You take them and then you pass them on to your kids, and then hopefully, they'll pass them on to their kids. Yeah. Yeah. It's it's the good dividend paying stocks to me are one of the eighth wonders of the world. Wow. That There's seven wonders. Right?
That's the eighth. Ken? Yep. How do people get a hold of you? We go through this every time because it's good, because I want people to talk to you and and use your knowledge.
Yeah. Well, as always, you know, it's it's the same. Or Orca Wealth, o r c a w e a l t h, dot com, is the is kind of the landing board for, you know, our not only our podcast, but information on the team that we've put in place, our investment philosophy. I've got a great piece on there, farming for dividends. We've done a summit or a workshop on that, which kind of reduces down to the ridiculous my investment philosophy and dividends and compounding and how it how it works, particularly in
bad markets. I will send that farming for dividends to clients and in every market drawdown just to get them to reset their mindset. Okay. Now I understand. Now you know what? So I would encourage people to go on the website and download that. You know, it's a little trite. It's very simple. You know, even my my kids understand it, but, it just if a picture is worth a thousand words, it's it's a picture over two slides, and I think it's worth worth anybody looking at.
Sweet. I also have, joined Twix, so I can follow you.
Yeah. Yeah. So, you know, lately, I've been downloading a lot of stuff, uploading it on there just with some macro views of the economy and, and where things are right now and the cycle. So, yeah, it's worth worth you you know, if you can get on Twitter and, follow us, and you'll be able to see some good data that I look at that it kind of informs my investment decisions.
Alright, Ken. Once again, this is the podcast that helps you learn and grow and pass the wealth on as your name states. Yeah. Oracle Wealth Management. Kennolette
This is a fun one. This has been a fun one.
Yeah. Thank you very much for the talk. Alright, John. Till next time. You betcha.
Thank you for listening to a life well lived. Grow, preserve, and transfer your wealth with Kennolette CPM. Click the subscribe button below to be notified when new episodes become available. The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Orca Wealth Management LLC. The content has been made available for informational and educational purposes only. The content is not intended to be a substitute for
professional investing advice. Always seek the advice of your financial adviser or other qualified financial service provider with any questions you may have regarding your investment planning. Orca Wealth Management LLC does not provide legal or tax advice. Clients should seek the advice of a qualified attorney or