MGA Wealth Management LLC
Standing Meeting
March 20, 2025

Attendees:

• Alec Klungle
• Cody Kincaid
• Boyd King
• Jason Cline

Agenda

Color Key: Completed | In Progress/Did Finish | Moved to Next Standing Meeting

• Bullshit
• Housekeeping
• TOUR Update
• Market Discussion

Next Steps:

• All

Housekeeping

• CPA
  • Boyd is going to reach out to his CPA to see if this is a better option for MGA WM going forward
  • Would not be a bad idea for everyone to use the same CPA for our personal taxes as MGA WM – Could incentivize someone to help us with what we’re trying to accomplish here – Collective bargaining
• Everyone is going back to law school or getting a CPA

TOUR

• Update regarding payments
  • Outsiders are going to pay Alec directly via Venmo.
  • Those payments will be transferred to MGA WM.
  • Those payments will be equally distributed amongst MGA WM owners as owner investments.
• Going forward
  • MGA WM will pay a separate business to plan its annual meeting

Market Discussion

• Tesla
  • 4 billion missing on its balance sheet
  • All Cyber Trucks have been recalled
• Administration Volatility
  • Another leg lower is a higher possibility
  • Trump’s plans don’t come into effect until April, so there is no reason to believe it won’t go down further until April
• Engineering for an economic downturn
  • Engineer for after all this mess and position ourselves for that
  • If unemployment goes way up, there is likely a rate cut dropping way down
    • If this happens, two industries will do better:
    • Software companies will make out like bandits – This would be after the rate cuts occur
    • Small cap companies that are sensitive to rate cuts that also have most of their product in the US
  • This may be the start of a downturn
    • How do we take advantage on the way down?
    • Cash secured puts?