Podcasts about american stock exchange

The Power of the Patch: Serguei Melnik Shares How Nutriband Is Disrupting The Drug Delivery BusinessGuestSerguei Melnik Founder & President Nutriband Ticker: NTRBWebsite:https://www.nutriband.com/Bio:Mr. Melnik has been involved in general business consulting for companies in the U.S. financial markets and setting up legal and financial framework for operations of foreign companies in the U.S.Mr. Melnik advised UNR Holdings, Inc. with regard to the initiation of the trading of its stock in the over-the-counter markets in the U.S., and has provided general advice with respect to the U.S. financial markets for companies located in the U.S. and abroad. From February 2003 to May 2005 he was the Chief Operations Officer and a Board member of Asconi Corporation, Winter Park, Florida, with regard to restructuring the company and listing it on the American Stock Exchange.Mr. Melnik from June 1995 to December 1996 was a lawyer in the Department of Foreign Affairs, JSC Bank “Inteprinzbanca,”, Chisinau, Moldova, and prior thereto practiced law in Moldova in various positions. Mr. Melnik is fluent in Russian, Romanian, English and Spanish.Full bio here: https://www.nutriband.com/team-1/serguei-melnik

Nick Parcharidis reflects on his 30-year journey through structured products and private wealth, starting at the American Stock Exchange and later launching global businesses at Citigroup. He shares insights on the growth of alternatives, platform innovation at iCapital, and adapting to client needs across the U.S., LATAM, and Europe, highlighting the role of education, technology, and clear portfolio integration.

This is Zack Fuss. Today, we are breaking down Interactive Brokers, widely recognized as IBKR. Founded in 1978, Interactive Brokers evolved from a market maker on the American Stock Exchange to a global, cutting-edge electronic brokerage firm. Its founder, Thomas Peterffy, remains far and away its largest shareholder and has earned his place as one of the wealthiest people in the world. To break down IBKR, I'm joined by Freddie Lait and Jacopo Di Nardo of Latitude Investment Management. We explore the journey of IBKR from its early days as Timber Hill to its current status as a publicly traded company with a market cap of nearly $80 billion. We also discuss their differentiated tech stack, their global reach, and their famously low fees. Please enjoy this breakdown of Interactive Brokers. Subscribe to Colossus Review For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. —- This episode is brought to you by Octus, formerly Reorg, is the essential credit intelligence and data provider for nearly 40,000 professionals across the world's leading buy side firms, investment banks, law firms and advisory firms. By surrounding unparalleled human expertise with embedded AI technology, data and workflow tools, Octus unlocks powerful truths that fuel decisive action in financial markets. Visit octus.com to learn how rigorously verified intelligence is delivered at speed to create a complete picture across the entire credit lifecycle.  —- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:03:41) Overview of Interactive Brokers (00:04:53) Revenue Streams and Business Model (00:06:15) Competitive Landscape and Differentiation (00:08:38) Founder Thomas Peterffy's Story (00:11:31) Payment for Order Flow and Market Access (00:13:41) Automation and Risk Management (00:16:50) Customer Experience and Balance Sheet Strategy (00:26:33) Growth Opportunities and International Expansion (00:34:34) Valuation and Financial Metrics (00:37:28) Risks and Stress Tests (00:42:13) Lessons From IBKR

In this episode hosted by Melissa Venable, NCDA Director of Professional Development, Deborah Sgro, founder of Beyond the Glass Ceiling, LLC, and the global mentoring director for Women in Big Data, explains the work and interconnectedness of data science, artificial intelligence (AI), and cybersecurity career fields. She emphasizes the importance of understanding the rapidly growing and transforming tech landscape, highlighting market trends, job roles, essential skills, and training paths. Deb also addresses common misconceptions and the need for continuous learning and adaptability in these professions. The discussion underscores the non-technical career opportunities in these fields and provides advice for career counselors and coaches on how to stay current and support their clients effectively.Deborah Sgro is a certified career professional with a private practice, Beyond The Glass Ceiling, LLC.  She specializes in coaching technology and business professionals at all levels to achieve their envisioned career. As a former senior financial technologist professional, she worked on Wall Street for over 40 years developing technical solutions addressing business objectives for the New York Stock Exchange, American Stock Exchange, and BNY Mellon. Throughout that time, she also groomed emerging talent by establishing and running mentoring programs, providing on-the-job training sessions, and personally coaching to assist people with their career advancement goals. Deborah holds a CCSP certification from the National Career Development Association.  She is also a certified project manager and certified Agile Professional from the Project Management Institute. Deborah holds two master's degrees from Stevens Institute of Technology, one in Computer Science and the other in Technology Management. She is on the Board of Advisors for Women in Big Data, and is the Global Mentoring Director for that non-profit professional association. Deborah also addresses corporate women resource groups, university audiences, and presents at NCDA conferences on all aspects of career advancement.For more information: www.linkedin.com/in/deborahsgroResourcesWorld Economic Forum - Future of Jobs Report 2025McKinsey and Company - Featured InsightsWomen in Big DataUdemySend us a text

At 29 years old, Brandon Dawson was on top of the world. He had taken his company public, stood on the American Stock Exchange floor, and rang the bell. He felt unstoppable until his private equity investors sold his company against his will. Most people would have quit, but Brandon learned from this setback, cracked the code to scaling, and went on to build and sell his next company for $151 million. Today, he helps business owners do the same through Cardone Ventures, a $500 million business he co-founded. In this episode, Brandon joins Ilana to share insights on scaling a business against all odds, why 97% of businesses fail, and how to be in the top 3%. Brandon Dawson is an entrepreneur, scaling expert, and co-founder of Cardone Ventures. With over 30 years of experience, he helps businesses scale using data-driven strategies, navigate breakpoints, and avoid common pitfalls. In this episode, Ilana and Brandon will discuss: (00:00) Introduction  (01:47) From College Dropout to Top Sales Performer (03:45) Selling Everything to Start a Business (05:48) Getting Kicked Out of His Own Company (09:08) Surviving the Early Years of Entrepreneurship  (12:31) Turning Leadership Failures into Billion-Dollar Lessons (16:08) The $151 Million Exit That Made Employees Millions (21:57) Scaling a Family Business Without the Chaos (25:22) Staying Unstoppable in the Face of Hate (32:12) Why Most Entrepreneurs Fail and How to Avoid It (39:41) Making Data-Driven Decisions in Business Brandon Dawson is an entrepreneur, scaling expert, and co-founder of Cardone Ventures. As CEO of Sonus Corporation, he grew it to over 1,400 locations and raised $58 million before investors took control and sold the company against his wishes. He later founded Audigy Group, scaling it from $500,000 to $35 million before selling it for $151 million. With over 30 years of experience, Brandon helps businesses scale using data-driven strategies, navigate breakpoints, and avoid common pitfalls. Connect with Brandon: Brandon's Website: https://bdawson.com Brandon's LinkedIn: linkedin.com/in/brandonmdawson  Resources Mentioned: Brandon's Book, Nine-Figure Mindset: How to Go from Zero to Over $100 Million in Net Worth: https://www.amazon.com/Nine-Figure-Mindset-Zero-Million-Worth/dp/B0C8G8CTQC  The 5 Levels of Leadership: Proven Steps to Maximize Your Potential by John C. Maxwell: https://www.amazon.com/Levels-Leadership-Proven-Maximize-Potential/dp/1599953633  The 21 Irrefutable Laws of Leadership: Follow Them and People Will Follow You by John C. Maxwell: https://www.amazon.com/21-Irrefutable-Laws-Leadership-Anniversary/dp/0785288376  Good to Great: Why Some Companies Make the Leap...And Others Don't by Jim Collins: https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996  Great by Choice: Uncertainty, Chaos, and Luck--Why Some Thrive Despite Them All by Jim Collins, Morten T. Hansen: http://amazon.com/Great-Choice-Uncertainty-Luck-Why-Despite/dp/0062120999  Leap Academy: Ready to make the LEAP in your career? There is a NEW way for professionals to Advance Their Careers & Make 5-6 figures of EXTRA INCOME in Record Time. Check out our free training today at leapacademy.com/training

Guest: Meet Dr. Phillip Frost: Billionaire CEO and the Healthcare Pioneer Behind OPKO Health $OPK Website: https://www.opko.com/ Ticker: $OPK His Wikipedia page: https://en.wikipedia.org/wiki/Phillip_Frost Bio: Dr. Frost has been the CEO and Chairman of OPKO since March 2007. Previously, Dr. Frost served at Teva Pharmaceutical industries, Limited (“TEVA”) as both Chairman of the Board and Vice Chairman. Dr. Frost served as Chairman of the Board of Directors and CEO of IVAX Corporation from 1987 until its acquisition by Teva in January 2006. He also served as Chairman for Key Pharmaceuticals, Ladenburg Thalmann Financial Services was a director of Continucare Corporation and Castle Brands, Inc. He was also a Governor and Co-Vice-Chairman of the American Stock Exchange. Dr. Frost is a past chairman and currently serves as a member of the Board of Trustees of the University of Miami, the Shanghai Institute for Advanced Immunochemical Studies in China, and as a Trustee of the Miami Jewish Home for the Aged and the Mount Sinai Medical Center. He also serves as a member of the Executive Committee of the Phillip and Patricia Frost Museum of Science. He is a past member of the Board of Trustees of the Scripps Research Institute, the Board of regents of the Smithsonian Institution, and the Skolkovo Foundation Scientific Advisory Council in Russia. Dr. Frost is a director of Cocrystal Pharma Inc, a publicly traded biotechnology company developing new treatments for viral diseases. --- Support this podcast: https://podcasters.spotify.com/pod/show/smartmoneycircle/support

This month on the Trailblazers podcast we are very excited to have Steve Goldstein as our guest. Steve is an internationally recognized executive and leader in scaling and refining audio ventures across podcasting, radio, satellite radio, and voice platforms. He has developed scores of successful podcast initiatives, radio shows, top talent, and monetization strategies. Steve is an adjunct professor at NYU where he teaches "The Business of Podcasting," the first course at a major university focused on the burgeoning podcast ecosystem. Known for his creativity, unique diagnostic tools, and ability to see what's next, Steve was early to podcasting, launching Amplifi Media in 2015. Before that, he was a founding partner and EVP of Saga Communications. The company grew to over 100 radio stations and became publicly traded on the American Stock Exchange. Please listen to this month's episode featuring Steve Goldstein, to find out why podcasts fail, what you can do to ensure yours doesn't, the future of audio, and so much more. Steve is a true Trailblazer.  Find out how you can become one too on this month's episode of Trailblazers.

This week, I had the honor of interviewing Thomas Peterffy, the founder of Interactive Brokers, on The World According to Boyar podcast. Thomas's life exemplifies the American Dream: When he came to the United States from Communist Hungary in 1965, virtually penniless and with no knowledge of English, he immediately began teaching himself computer programming while saving up for a seat on the American Stock Exchange. Using technological advances he himself helped pioneer, Thomas established a successful market-making business, paving the way for his biggest financial success: Interactive Brokers, which has a market capitalization north of $50 billion and where he is by far the biggest shareholder. Stay tuned for my discussion with Mr. Peterffy—I think you'll find it as educational as it is inspiring.The Interview Discusses:Thomas Peterffy's background.Challenges of adapting to a new country and finding work.The immigrant mentality and its impact on success.The importance of rewarding merit in a free market economy.The value proposition Interactive Brokers brings to clients.Importance of maintaining a conservative balance sheet and excess capital.Future growth areas, including global markets and professional investors.Interactive Brokers' unique position in the marketplace.The potential impact of future presidential administrations on business.Thomas's decision to step down as CEO and focus on his role as chairman.The joy of building and improving the Interactive Brokers platform.Biography:Thomas Peterffy is founder and chairman of Interactive Brokers. A pioneer of digital trading in the 1980s, he was the first to build computer systems able to trade financial assets electronically, independent of direct human intervention. Born in Budapest, Hungary in 1944, he escaped communism in 1965 by emigrating to the United States. He learned computer programming, and his formula for pricing contingent assets was an early version of what is now known as the Black-Scholes model. In 1977, he became a member of the American Stock Exchange. Peterffy built the first automated market-making firm for stocks, options, and futures, which later gave rise to Interactive Brokers, a global, electronic broker with a market capitalization of  over $50 billion.Unlocking Investment Opportunities Since 1975 At the Boyar Value Group, we've dedicated nearly five decades to the pursuit of value on behalf of our clients. Founded in 1975, our firm has earned a reputation as a trusted source for uncovering undervalued opportunities in the stock market. To find out more about the Boyar Value Group, please visit www.boyarvaluegroup.com

The Nine Figure Mindset: Achieving Over 100 Million in Net Worth Brandon Dawson, Cardone Ventures – The Sharkpreneur podcast with Seth Greene Episode 1025 Brandon Dawson A respected and sought-after lecturer and CEO advisor on entrepreneurship, leadership, and business-building strategies, Brandon Dawson specializes in creating value for businesses operating in industries with poor single- or multi-unit economies of scale, industry consolidation, or increasing large-scale competition. Brandon believes that people move businesses, and therefore is dedicated to helping his clients, colleagues, and employees achieve their personal, professional, and financial goals. As the founder of Audigy Group, Brandon grew the company from $500,000 in revenue in 2005 to approximately $35 million in 2016, when he sold it for $151 million—77 times—EBITDA on the basis of its model for fast, scalable business growth, which incorporates unique business operations methodologies, technology platforms, and leadership and performance development programs. The Portland Business Journal honored Audigy as one of its Fastest Growing Private Companies for six consecutive years. Inc. chose Audigy five times as a member of the Inc. 500 and Inc. 5000; twice as a winner of the Inc. Hire Power Award for outstanding success in job creation; and twice as one of the Top 100 Places to Work. Brandon has twice been named a finalist for Ernst & Young's Entrepreneur of the Year Award for the Pacific Northwest. At the age of 29, Brandon listed Sonus Corporation and rang the Opening Bell on the American Stock Exchange, as the founder of Sonus. He served as its CEO for seven years, raising $38 million in four equity transactions and $20 million in strategic debt financing. He acquired over 100 businesses, creating the Sonus Network of over 1,000 locations. In addition to these accomplishments, Brandon has identified and negotiated over $750 million in a variety of real estate and other financial transactions as a partner, principal, and representative. Most recent, Brandon Co-Founded Cardone Ventures and 10X Health with Grant Cardone. Cardone Ventures has gone from a pure start up 45 months ago, to generating over $150 million in revenue with no outside capital, debt, or funding. This was done by using the elements Brandon teaches and applies in his business. Listen to this informative Sharkpreneur episode with Brandon Dawson about achieving over 100 million dollars in net worth. Here are some of the beneficial topics covered on this week's show: - How wealth isn't created overnight, so patience is key. - Why you don't need a college education to break out and build something significant. - How resilience and the ability to identify patterns of decision-making can lead your business to success. - How there are seven specific breakpoints to scale a business from zero to $125 million in revenue and what they are. - Why having a good mentor and coach is vital to starting and scarling a successful business. Connect with Brandon: Guest Contact Info Links Mentioned: ninefiguremindset.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the DC Power Hour David and Allen introduce Ed Rafter, a special guest on DC Power Hour, who is an expert in UPS batteries. They discuss the differences between ups and downs, voltage, discharge times, and other aspects of battery powering. Ed has a 40-year career in mission-critical applications, focusing on batteries. He first learned about batteries in the 1980s when he worked for an engineering firm in New Jersey and then worked for data centers for the New York and American Stock Exchange and securities industry. Allen shares his experience installing dry charge batteries in Saudi Arabia in the late 70s.Episode Highlights01:06 – UPSs are now probably one of the largest users of batteries in this country. But there's a lot of differences between UPSs and other types of powering, and we'll go into that, you know, differences in voltage, discharge times, whole slew of stuff.08:24 – When I first was introduced to the battery, we used to size them for 30 minutes. That was pretty common as part of that was if all hell broke loose, we wanna make sure that the UPS stays online so we can either recover, figure out what went wrong, and see if we couldn't recover or have enough time so that we might be able to quiesce the system.30:09 – I think it was the first time I heard somebody got killed. It was one of the manufacturers, one of their people working in a battery cabinet. I had known of people getting hurt working on the racks, the open racks.42:33 – Now we're talking about bidirectional inverters. So instead of having a very large substantial rectifier that's gotta not only serve its critical load, but keep the battery charged.

Thirty years ago today, the very first exchange-traded fund started trading on the American Stock Exchange. At the time, Bill Clinton had just moved into the White House and America was trying on a new role as the world's lone superpower. On Wall Street, an entire industry soon realized that the ETF was a revolution all its own. Today, there are more than 3,000 ETFs listed in the US,  plus another 6,000 international ones, and together they hold $6.8 trillion in assets. In “The ETF Story,” a special six-episode series originally published five years ago, Eric and Joel explore the origins of the first ETF and how it's come to dominate investing. Among those interviewed are Jack Bogle, Kathleen Moriarty, Bob Toll, Howard Kramer, Rob Arnott, Dave Ritter, Reggie Browne, Dave Nadig, John O'Brien, Bruce Bond and more. Here's episode 1. On Monday Oct. 19, 1987, the stock market fell 23 percent, the worst day ever for stocks two times over. It was in the aftermath of that crash that the idea for exchange-traded funds was born. And it came from a very unlikely place: the U.S. Securities and Exchange Commission. See omnystudio.com/listener for privacy information.

Thirty years ago today, the very first exchange-traded fund started trading on the American Stock Exchange. At the time, Bill Clinton had just moved into the White House and America was trying on a new role as the world's lone superpower. On Wall Street, an entire industry soon realized that the ETF was a revolution all its own. Today, there are more than 3,000 ETFs listed in the US,  plus another 6,000 international ones, and together they hold $6.8 trillion in assets. In “The ETF Story,” a special six-episode series originally published five years ago, Eric and Joel explore the origins of the first ETF and how it's come to dominate investing. Among those interviewed are Jack Bogle, Kathleen Moriarty, Bob Toll, Howard Kramer, Rob Arnott, Dave Ritter, Reggie Browne, Dave Nadig, John O'Brien, Bruce Bond and more. Here's episode 1. On Monday Oct. 19, 1987, the stock market fell 23 percent, the worst day ever for stocks two times over. It was in the aftermath of that crash that the idea for exchange-traded funds was born. And it came from a very unlikely place: the U.S. Securities and Exchange Commission. See omnystudio.com/listener for privacy information.

This month marks the 30th birthday of the SPDR S&P 500 ETF Trust (SPY), the granddaddy ETF that started it all and is still the largest and most-traded ETF in the world. But getting this ETF launched was no small task; neither was getting assets into it. Though once people saw its value-add, the financial world changed forever. This week, we speak with Jay Baker, who — as vice president of options marketing at the American Stock Exchange — worked with Nate Most and Steve Bloom to drum up interest for SPY in the early ‘90s. We discuss where the idea for SPY came from, who the early investors were and what caused the tipping point, as well as the unique dynamic between Most and Bloom. We also look at whether SPY can hold onto its biggest-in-world status for much longer. See omnystudio.com/listener for privacy information.

This month marks the 30th birthday of the SPDR S&P 500 ETF Trust (SPY), the granddaddy ETF that started it all and is still the largest and most-traded ETF in the world. But getting this ETF launched was no small task; neither was getting assets into it. Though once people saw its value-add, the financial world changed forever. This week, we speak with Jay Baker, who — as vice president of options marketing at the American Stock Exchange — worked with Nate Most and Steve Bloom to drum up interest for SPY in the early ‘90s. We discuss where the idea for SPY came from, who the early investors were and what caused the tipping point, as well as the unique dynamic between Most and Bloom. We also look at whether SPY can hold onto its biggest-in-world status for much longer. See omnystudio.com/listener for privacy information.

The Value Line Composite Index is a stock index containing approximately 1,700 companies from the NYSE, American Stock Exchange, Nasdaq, Toronto, and over-the-counter markets. The Value Line Composite Index has two forms: The Value Line Geometric Composite Index (the original equally weighted index) and the Value Line Arithmetic Composite Index (an index that mirrors changes if a portfolio held equal amounts of stock.) These indexes are typically published in the Value Line Investment Survey, created by Arnold Bernhard, the founder, and CEO of Value Line Inc. The Value Line where the index receives its namesake refers to a multiple of cash flow that Bernhard would superimpose over a price chart to normalize the value of different companies. Value Line is one of the most respected investment research firms. Its performance record has been extremely strong. In fact, the firm's model portfolios have generally beat the market over the long run. The Value Line Composite Index is composed of the same companies as The Value Line Investment Survey, excluding closed-end funds

Follis began his career working for major advertising agencies such as FCB/Chicago and DDB Worldwide in New York. In the mid-1980s, his entrepreneurial career began with freelance work for such major New York shops as Chiat/Day, Della Femina and Kirshenbaum & Bond. His work on the Kenneth Cole account resulted in awards and national press.In 1988, Follis co-founded Follis&Verdi, with clients such as The American Stock Exchange, No Excuses Jeans, Solgar Vitamins and Sorrell Ridge Fruit Spreads—a case taught at the Harvard Business School and featured in Forbes. In ‘93, Follis/DeVito/Verdi won 9 ADDY Awards making it the second most awarded agency in New York. That same year Follis formed Follis Inc to include a focus on non-traditional and online marketing. In 2003, in response to the shifting media landscape and to provide an alternative to the traditional ad agency model, Follis created "Follis Marketing Therapy". And, in 2006, Follis created "The Follis Marketing Report" blog and "The Marketing Show with John Follis" podcast syndicated on iTunes. How did you get started in advertising and marketing all those years ago?Well, first of all, thank you for having me on your show. Yeah, I'm looking forward to this. So yeah, I started a while ago and I was always good creatively growing up as a kid. The question was how to question was how do I apply that creative talent to a career? And I was probably halfway through college when I got pulled aside by an instructor who was teaching a graphic design class and she asked me what I wanted to do with my life. And when I said I wasn't sure if she said, Well, I think you are to really seriously consider pursuing something either in advertising or communication arts or some kind of media because you're really really talented. So had it not been for that instructor? I'm not sure I would have pursued that. But you know, that helped a lot. And after she gave me that idea, I transferred to a university Syracuse University that had one of the best advertising programs in the country. So that's how I started on that track.Where are you in Chicago first or New York first.John's response:So I grew up in Connecticut, and I was I was going to school in upstate New York and Syracuse and then after graduation, I didn't feel I was ready for New York City, even though that is the mecca of advertising as some of your listeners may know. They call it Madison Avenue. But I was I was a little intimidated by New York so did not go there. Like many of my classmates did it and started out my career in Atlanta, Georgia, two years in Atlanta. Then I got felt that wasn't fast enough for me. So I moved up to Chicago, spent three years there and after that, I felt like I was ready for the for the big leagues and moved to New Yorkhttps://www.follisinc.com/therapy.htmhttps://www.youtube.com/c/JohnFollisBIV

Annie McCarthy, or, Larges better half joins us on the show today for an inspiring episode. Annie discuses her own Boomer Moves, but for this Twisted History buff those are few and far between. Back in the day college wasn't for Annie, so, she went straight to the American Stock Exchange to follow in her fathers footsteps, where she stayed for 18 years. After her fathers passing in 9-11 she handed business affairs including taking care of the widows. Now, she spends 20-30 hours a week researching topics for Barstools Twisted History podcast and is a mother of three. Annie is well spoken and an inspiring women who loved the good ole days of the (now) New York stock exchange.

MBA Finance. Member of the American Stock Exchange 7 years. Responsible for 26 April 1999 BusinessWeek cover story, "Scandal On Wall Street." FBI placed FBI Special Agent Art Amey in building where I reside, 8337 St. James Avenue, Elmhurst, 11373 to watch me and write reports on me. Frances Fragos Townsend President George W Bush's Advisor on Homeland Security wired me. James Kallstrom, Assistant Director of the FBI, gave copies of my letters to Wall Street millionaire drug smugglers.

MBA Finance. Member of the American Stock Exchange 7 years. Responsible for 26 April 1999 BusinessWeek cover story, "Scandal On Wall Street." FBI placed FBI Special Agent Art Amey in building where I reside, 8337 St. James Avenue, Elmhurst, 11373 to watch me and write reports on me. Frances Fragos Townsend President George W Bush's Advisor on Homeland Security wired me. James Kallstrom, Assistant Director of the FBI, gave copies of my letters to Wall Street millionaire drug smugglers.

MBA Finance. Member of the American Stock Exchange 7 years. Responsible for 26 April 1999 BusinessWeek cover story, "Scandal On Wall Street." FBI placed FBI Special Agent Art Amey in building where I reside, 8337 St. James Avenue, Elmhurst, 11373 to watch me and write reports on me. Frances Fragos Townsend President George W Bush's Advisor on Homeland Security wired me. James Kallstrom, Assistant Director of the FBI, gave copies of my letters to Wall Street millionaire drug smugglers.

Description:Dave Cava currently runs recruiting as a Service practice, along with doing some business coaching and MSP peer group facilitation. Dave was previously the Chief Operating Officer and Co-founder of Proactive Technologies in Manhattan. Dave began his technology career in 1999, advancing from intern to Service Desk Manager for a 140-person software company in nine months. From there he held various systems administration positions, including work at the American Stock Exchange. In 2003 Dave took a position managing a small business tech support consulting team in New York City. In three years he grew that practice from four to 40 clients, moving on to form Proactive Technologies in 2007. Dave is also a sought-after public speaker on the subjects of business, leadership, technology trends, and spirituality. Dave is a graduate of Wheaton College.Episode Links:LinkedIn: https://www.linkedin.com/in/dave-cava-1a81391/Web: https://encoresc.com/Joey Pinz Conversations Podcast Information: • Website: https://www.joeypinz.com • Link Tree: https://linktr.ee/joeypinz • Music by Tom Izzo: @wahlsinger  https://tomizzomusic.com  Support our podcast:  • Subscribe: https://joeypinzconversations.com/subscribe/ • How much is this podcast worth to you? Consider $5, $10 or $20/mo with Patreon: https://www.patreon.com/joeypinz  • How about a one-time payment?  • What is the episode worth to you? $25/$50/$100/$500 /$1,000/$5,000 with PayPal (one-time): https://www.paypal.com/paypalme/JoePannone Please subscribe/follow to Joey Pinz Discipline Conversations Podcast: • Spotify, Apple, Google, or others.  Please consider rating with 5 stars if you like it. • Apple: https://podcasts.apple.com/us/podcast/joey-pinz-discipline-conversations/id1583997438 • Spotify: https://open.spotify.com/show/69SFwY3XSwcw9qNvElAn10 • Google: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xODI4OTA2LnJzcw • YouTube: https://www.youtube.com/c/JoeyPinzDisciplineConversations?sub_confirmation=1Please follow on social media: @TheJoeyPinz • Instagram: @TheJoeyPinz https://www.instagram.com/TheJoeyPinz  • Twitter: @TheJoeyPinz  https://twitter.com/TheJoeyPinz • Facebook: @TheJoeyPinz https://www.facebook.com/TheJoeyPinz • TikTok:  @TheJoeyPinz  https://www.tiktok.com/@thejoeypinzFinally,  join our newsletter: https://joeypinzconversations.com/#newsletterSupport the show (https://www.patreon.com/joeypinz)

Roni, founder of Shine On And Glow, is a former Wall Street executive turned Business and Mindset Coach. Roni started her journey as a coder in New York's financial industry and eventually managed the development of investment management systems for Merrill Lynch, The American Stock Exchange, S&P and The Vanguard Group. Roni now combines her business knowledge with her powerful intuitive gifts, motivating others to take action and follow their dreams in life and work. She helps her clients create a plan for their businesses and lives using a process she calls the Motifesting™ Method. Roni's clients learn how to not only talk the talk, but to walk the walk. Website: shineonandglow.com Social media handles: Instagram: @shineonandglow FB Group: www.facebook.com/groups/shineonandglow LinkedIn: www.linkedin.com/in/ronimcguirebusinesscoach

MALIN BURNHAMMalin was born, raised and has lived in San Diego his entire life. He graduated from Point Loma High School, then received his B.S. Degree from Stanford in Industrial Engineering in 1949. He joined his father's Real Estate Brokerage firm as employee number fourteen. Upon his father's retirement in 1961, Malin purchased the business and lead it until he sold it to his managers in 1986. During his ownership, thefirm grew to over 350 personnel, including a Real Estate Investment Trust on the New York Stock Exchange and a Real Estate Partnership on the American Stock Exchange.After pivoting full-time into the Non-Profit world, his principle endeavors have included leadership roles with the U.S.S. Midway Museum, Sanford Burnham Prebys Medical Research Institute, Sanford Consortium for Stem Cell Research and Burnham-Moores Center for Real Estate at USD. Just last year, he established the Burnham Center for Community Advancement to be headquartered in UCSD's ‘new downtown San Diego center.He has been active in several different sports, but most notably in theinternational sailing community. His victories include nine InternationalChampionships and returning the America's Cup from Perth, Australia to San Diego in 1987.

Hello, and welcome back to Powering Your Retirement Radio. I'm Dan Leonard, your host. This week I'm gonna go back to square one. After doing some consulting with some other podcasters and their podcasts, they said looking through your catalog of episodes; you don't really see anything on you. Everyone had some kind of an about me type of episode. I figured here on New Year's Eve; you'll probably be sitting there watching the ball drop, listening to this, and just having a grand old time. Happy New Year, have a great evening. And, if you listen to the whole episode, God bless you. Background We'll just start with some basic background facts. I've been in the industry for over 30 years. My first job in the financial service industry was back in 1988 while I was still in college. I had a chance to work for Merrill Lynch on the floor of the American Stock Exchange, which was exciting and meaningful for me since both my grandfather and great-grandfather were members of the American Stock Exchange. So that was a great thrill to get to walk in their footsteps. Since graduating college, I've worked as a financial advisor in New York, Canada, and California; I've had the opportunity to live in five states in two countries. In addition to being an advisor, I've also worked in the financial services industry in the mutual fund and annuity area as what they call a wholesaler, which is the representative for the individual products. If you think of mutual funds like Franklin, Fidelity, or American, they all have sales forces. Their sole job is to market to financial advisors to raise brand awareness, and like anything else, the things that get on the end caps at a grocery store or Home Depot don't get there magically. There are product representatives that are in there talking to the store manager. You get this on the end of your aisle, and you'll sell more, and your store revenue will be up. Wholesalers use the same concept, except we were fighting for the mental headspace of financial advisors. And even to this day, this still persists. A lot more of that is done virtually these days. But the funds that I put in client portfolios and the representatives I know make sure we know everything going on. I personally use an outside third party to help me build those models. So I get support from the reps after selling the product. They're not proactively promoting their product to me, they're doing it more in a support role, but there are different ways that different people run their businesses. So I've been both retail, meaning client-facing, and then wholesale, institution-facing in my career. On the institutional side, you know, I've done presentations to literally hundreds of brokers at one time in conference format, down to individual meetings with clients and advisors. At the same time, I've also been an instructor where we would go into offices and offer continuing education. I've lived it. I've worked. I've been in every facet of the financial industry, as far as providing advice, whether it be coaching people, giving advice, or dealing with the end-user in the client space. During that time, I've actually had the opportunity to work in 20 different states. I've met with thousands of advisors. I've been in hundreds of brokerage offices, primarily in my career, early on when I was doing what I was working in, what is called the wirehouse environment, which would be the Merrill Lynch Smith, Barney, formerly PaineWebber, those typed up of firms on a national level. When I was in the mutual fund industry, I worked with over 20 different actual portfolio managers, running individual mutual funds. I've gotten to see how several different managers run their businesses. Probably the two biggest names would be Louis Navieller out of Reno. He was a manager for one of the companies I worked for in the late nineties and then Charles Brandis in La Jolla, which makes international investments and value investing. I've had chances to work with those people individually when they'd be out to travel. On a roadshow, we would go to offices to talk about their investing style. It's been a fun career because there are opportunities where I'm sitting down with clients like I do today, helping 'em with their personal financial situation. And then on the other end, being at a big conference where you're presenting to hundreds of advisors, and you've got one of the top money managers that just got off of a call with CNN driving around with you in your car, talking about the markets with you. Concepts and Principles Disciplined Process Focused Approach Make it Understandable Limit Decisions 3 H's Be Humble Be Human Be Honest Why you? Come for Performance Stay for Service Lost Trust or Ignored What is important The number one rule, I think all people have to keep in mind when it comes to investing, is that investments are important. The money is important because that's what you're gonna live on. But ultimately, it's your family. It's your health and your happiness. Your well-being is the most important part of it. So if you're in a relationship with an advisor that's suffering because you're concerned about stuff, and things aren't working, that's the reason to consider looking for a new advisor. And that goes if you're one of my clients or looking to be one of my clients. If you're in a relationship where you never hear from your advisor, and you don't feel like you can get answers from them, then you need to look for a new advisor. So that's where I try to make sure there's lots of outbound communication from me to who my clients are now, not all clients are gonna engage in it all, but that's on their end. I'm making sure that they know what we do and why we're doing it. So that's a little bit about me, my background, some of my philosophies, and thoughts on the market, hopefully, that was useful.  I just want to wish everybody a happy new year. And I look forward to talking with you in 2022. Thanks so much. Stay safe until next time. For more information please visit the Podcast Webpage. https://poweringyourretirement.com/2021/12/31/background-and-principles/

Maj Soueidan is the Co-Founder of GeoInvesting, a leader in microcap stock research. GeoInvesting's bullish focus centers around three major themes. Growth + Value; Information Arbitrage and inflection point investing. On this episode, we will learn Maj's backstory, how GeoInvesting adds value to clients, the power of Research Collaboration, some stock ideas and so much more. We will also discuss some valuable insight on SEC Filings and 10K's in particular.     To learn more about Maj please visit www.geoinvesting.com or follow him on Twitter @majgeoinvesting. To learn more about Richard or to request a transcript of the podcast please visit www.thinkaen.com.   Show Notes: (01:11) Maj goes over his background plus GeoInvesting, which he launched in 2007 to bring Tier One quality Microcap Research and Idea Generation to membership base. (02:22) Growing up in Pennsylvania and attending management meetings as a kid. Maj talks about his father, Peter Lynch and watching the Nightly Business Report with dad. (05:22) Seeing a management presentation at the American Stock Exchange in Philadelphia at the age of 18 and asking the tough questions :) (06:40) Talking first big multi-bagger win, Wireless Telecom Group NYSE:WTT. (08:56) Maj talks about why he invests in microcaps. Access to management, getting into new technologies and meeting a new type of investor. Microcap investors just think differently. Much less competition.  (13:06) Introducing the concept of information arbitrage with Evans Sutherland. Buying the dip on misunderstood news. OTC:ESCC. (16:45) OTC:IAIC another example of information arbitrage. Initially purchased in 2018. Company helps government agencies modernize IT infrastructure. Everything an investor needed to know was in filings. (22:11) Investors should read more 10K's and 10Q's and put down the books. They get easier to read after some practice. (23:43) Maj talks about GeoInvesting. Premium site for members. Do intensive research. Wall Street caliber research for the everyday investor. Morning email, then weekly email every Sunday. (28:35) More detail on coverage list and GeoInvesting Model Portfolio. (29:54) GeoInvesting Principles and places they avoid. His firms edge. (32:57) Maj talks his top idea, Konatel OTCQB:KTEL. Talking government subsidies and management's ability to use cash in a shareholder-friendly manner. (43:30) Konatel Valuation and target price. Where will it go? Power of GeoInvesting Network. Insider purchases. (47:70) Richard goes over his history with government subsidies, OTC:LICT. (50:46) Maj talks GeoInvesting Collaboration and Skull Session. (57:10) Looking at charts. (58:17) Closing remarks and contact information.

Programming note: Money Stuff will be off tomorrow, back on Monday. A rough, inaccurate but useful way to think about US equity market structure is th... discussedseveral timesenforcement action from Mondaywhat Coda didthis brought back happy memoriesbasic theoryBalk’s First LawMemestocks and Reddit redesignspaperclip maximizer this isthe story of a Frankfurt fund manageruncannily similar allegationscharged criminallyrules of insider tradingthe wrong time to be cashing inTees Up Taper Big-Bank Critic SPAC Kingpins We’re Exhausted therapy puppies Dogecoin Fees If It Reached $3,000user-centric accountingoptions traders on the American Stock Exchangesubscribe at this linkheretalked about

''He exited the company at 77X EBITDA for $151 million.'' On today's show Carlos Siqueira Interviews Brandon Dawson, who is a scaling expert and leadership mentor who helps business owners, their families, and their teams achieve their personal, professional, and financial goals through the growth of their business. Brandon founded his first business at the age of 26 and was one of the youngest people to ring the bell on the American Stock Exchange. With zero debt and no outside capital, he founded and self-funded Audigy Group, growing annual revenue to over $35 million through organic growth. He exited the company at 77X EBITDA for $151 million. He's achieved numerous awards in business, like making the Inc. 500 and Inc. 5,000 Fastest-Growing Companies list five times. Today, Brandon coaches Cardone Ventures' clients on how to use his proven leadership and business strategies as the foundation for strategic growth so that they can follow in his footsteps and create their own legacies.    For more info on Brandon Dawson, go to: https://www.instagram.com/brandonmdawson/  

The date of 9/11 is often remembered most for the carnage seen as America was attacked in 3 locations, most memorable, the NYC's World Trade Center. This week we have a special guest, Carla Nicole, joining us to talk about that day. Carla's father, my Uncle Rudy, was a victim who perished during the attack on the World Trade Center on September 11th, 2001, but he of course was much more than that, including being one of the FIRST Black independent traders at the American Stock Exchange. But first, before we get into that piece, we wanted to just recount our day when it happened, where we were, etc. And then delve into how that day has had a ripple effect on our lives since then: Learn more about Eustace “Uncle Rudy” Bacchus: http://www.legacy.com/sept11/story.aspx?personid=101780 Philanthropy Highlight: Calling all of our Charlotte friends!!! Black-owned, luxury day spa Ugo Artistry and owner Chidimma Ekwem have launched a foundation that will focus on serving youth and women in the community. To learn more about Ugo Artistry please visit www.ugoartistry.com/ugofoundation

Brandon Dawson is the co-founder, CEO, and Managing Partner at Cardone Ventures. He founded his first company at the age of 26. As the founder of Audigy Group, Brandon grew the company from $500,000 in revenue in 2005 to approximately $35 million in 2016. At the age of 29, Brandon listed Sonus Corporation and rang the Opening Bell on the American Stock Exchange, as the founder of Sonus. He served as its CEO for seven years, raising $38 million in four equity transactions and $20 million in strategic debt financing. He learned the power of scale when he was just 16 years old. Listen to this podcast and know Brandon's amazing entrepreneurial journey and how he coaches client's to use proven leadership. Please Enjoy! If you enjoy the podcast, would you please consider being 1% and leaving a short review on Apple Podcasts/ iTunes? It takes less than 30 seconds, and it really makes a world of difference in reaching new interesting guests! To sign up for Kevin's Podcast email Newsletter and to view the show notes & past guests please visit-https://officialkevindavid.com/podcast Follow Kevin: https://mmini.me/@FollowKD

The Justin Caviar Show is the weekly podcast for you to plug into if you're looking to scale and grow in your health, wealth, life and entrepreneurship. By taking a deep dive into various fields Justin - with his elite professional and world class guests - reveals ways to increase your human optimization. This podcast is specifically designed to show you what is possible and to help you become your very own superhero.   Today on the show Justin is with Brandon Dawson. Brandon is a scaling and turnaround expert, business leadership mentor and serial entrepreneur whose mission is to help business owners, their families, and their teams achieve their personal, professional and financial goals through the growth of their business.Brandon founded his first business at the age of 26 and was one of the youngest people to ring the bell on the American Stock Exchange. With zero debt and no outside capital, he founded and self-funded Audigy Group, ultimately growing annual revenue to over $35 million through organic growth. He exited the company at 77X EBITDA for $151 million. He's achieved numerous awards in business, and his companies have been recognized on the Inc. 500 and Inc. 5,000 Fastest-Growing Companies list five times.‍Today, Brandon coaches Cardone Ventures' clients on how to use his proven leadership and business strategies as the foundation for strategic growth so that they can follow in his footsteps and create their own legacies. In this episode of The Justin Caviar Show your will hear:  How Brandon became a self-made entrepreneur Why small businesses fail  Letting go of your ego as a leader Traits to look for when hiring  Why metrics and KPIs are important  The greatest lesson Brandon learned from Grant Cardone As you can tell this uplifting show deconstructs the intellectual insights of elite professionals in their specific fields, finding what makes the biggest difference, so that listeners can implement various electrifying tactics of self-experiment to create astonishing outcomes.  For more information on what you heard on today's show CLICK HERE now for more details.  Connect with Brandon via https://bdawson.com/ or over on Instagram at https://www.instagram.com/brandonmdawson/

In today's episode, I welcome Gloria Grace Rand! Gloria is a speaker, author, podcast host, and lover of music and art. She shares the stories about the inspiration from her sister that helped her write her book about love, along with her journey from SEO copywriter to podcaster and beyond. (Fun fact: the cover image for this episode is of Gloria's book, "Live. Love. Engage.")   Get in touch with Gloria Grace Rand: www.gloriarand.com | www.liveloveengagebook.com Support Artfully Told: www.paypal.me/elevateart Artfully Told links: www.facebook.com/artfullytold | www.artfullytold.podbean.com | elevateartskc@gmail.com Get a free audiobook through Audible!  http://www.audibletrial.com/ArtfullyTold Schedule your own interview as a featured guest with Artfully Told! https://calendly.com/artfullytold/podcast-interview   Episode 50 - Gloria Grace Rand Lindsey Dinneen: Hello, and welcome to Artfully Told, where we share true stories about meaningful encounters with art. [00:00:06] Krista: I think artists help people have different perspectives on every aspect of life. [00:00:12]Roman:  All I can do is put my part in to the world. [00:00:15] Elizabeth: It doesn't have to be perfect the first time. It doesn't have to be perfect ever really. I mean, as long as you, and you're enjoying doing it and you're trying your best, that can be good enough. [00:00:23] Elna: Art is something that you can experience with your senses and that you just experiences as so beautiful.  [00:00:31] Lindsey Dinneen: Hello, and welcome back to another episode of Artfully Told. I'm your host Lindsey, and I am delighted to have as my guest today, Gloria Grace Rand. She is an author, speaker, and podcast host, and has a really rich background. And I'm just so excited to hear more about what she's doing now and how she got her start and all of those good things. So thank you so much for being here today, Gloria. I really appreciate it. [00:00:58] Gloria Grace Rand: Oh, thank you so much, Lindsey. I am so excited to delve into this today. I'm really, I'm really looking forward to our discussion. [00:01:05] Lindsey Dinneen: Yes, absolutely. Well, it's so much fun to talk about art if you're an art lover. So, I would love if you would just mind sharing a little bit about your background and maybe sort of how you got into the various art forms that you do and yeah, maybe what you're up to now, too. [00:01:21]Gloria Grace Rand: I would love to, and yeah, the arts have always been a part of my life. I mean, starting from, let's see, five years old when I started taking dance lessons. So I did tap, ballet, and jazz for, for years. And, in fact, the ballet part even as an adult. So, because I loved it so much-- even though that's not what I did professionally-- I wish I could have, but I was never quite, did not exactly have that dancer's body-- but it's so much fun to do. And the other part that has been a big part of my life has been music. I was in the band in school. Actually, the first instrument I ever learned how to play was the organ. We had a Hammond organ in our house growing up and my dad played it and I learned how to play, and then learned how to play the guitar. And then in school it was, I started out playing flute in junior high, and then switched to saxophone in high school because we had too many flute players. So I, I enjoyed that tremendously. [00:02:17] And, and the other part of myself, I guess, that has been a big part has been writing. As you mentioned, I am an author. I recently published my first book. But writing has always been a part of what I've been doing. I mean, I was a pen pal when I was a kid, and then I wound up actually majoring in mass communications in college, and got involved in television. I was involved in television production. I worked for a long time for the Nightly Business Report when it was on public television and I started off my first job with them was what was called a Character Generator Operator. And so I was typing up the words that would be go onto the screen and as well as helping making some of the graphics that we would use for the program. And then I eventually became a writer for the show and, and a producer. [00:03:09] And so I did that for a long time, loved working in television, and then we were living in Miami at the time. I moved up to Orlando and I had to find something else to do. And I wound up investing in a course to do SEO copywriting. So I was writing, learn how to write content for websites and, and to help them get found, right? Figure out the right keywords that'll help you get found in Google, and then incorporate them in a way that actually makes sense at a website to be able to get people to take action and buy someone's products and services. And I've been doing that for the last 10 plus years and have really enjoyed that as well. And at the same time, over the last few years, I've been on a spiritual journey that happened when my sister was diagnosed with cancer and it culminated in the writing of this book. I've been doing a podcast and it's just like, all of it has just been this really cool journey and has just involved me finding ways to be out there, you know, just being, expressing myself. I actually just created a new tagline for my business. I call it "Messages from the Heart" because that's pretty much what I'm doing through a lot of different modalities. And that's a lot of fun. And we'll probably talk about some more of that in a little bit, but that's, that's the not- really- short version, but, but a little version about where I am right now. [00:04:39] Lindsey Dinneen: Perfect. Of course I'd love to delve more into all of the different things, but so I'm curious, are you still participating in music now?  Are you still actively playing any of those instruments or anything like that? [00:04:52]Gloria Grace Rand: It's funny you should mention that. And I should mention the other part is singing has also been a big part of my life as well, but last year during, during the pandemic-- and I'm not even really sure what, what was it that prompted it-- but I pulled my guitar out of my closet, which I haven't touched in about 10 years and and realized it was like, I missed music. I hadn't been doing anything with it. And so I got the guitar out and I started playing it again. And that was a lot of fun. And I also started-- which I haven't done since let's see probably seven years old-- it was the last time I actually wrote a couple of songs, which just sort of blew my mind that that this was coming to me and as this new way of being creative. And it was exciting, and I also started playing the organ again. I'd kind of played it off and on, but not consistently, but I realized that it's like, I should do this because it brings me joy. [00:05:52] And I think that that was mostly it. In fact that that is why I started playing the guitar again. 'Cause I had, I was working with a coach and she's like, "Well, what, what brings you joy?" And I'm like, "Well, music." And that's like, yeah, wait a minute. I've got a guitar. I need to start playing music again. 'Cause you know, last year was such a weird year and it's still a bit continuing that way. And, it's so important to do the things that you love to do. And so, yeah, I started doing that and it was great. And, and like I mentioned, singing has been something that I've always enjoyed doing as well. I used to be in church choirs for, for a long time and really enjoyed doing that. And so I've, so again, this like writing songs is kind of getting back into me being able to sing again, which has been really a lot of fun. My favorite part about Girl Scout camp was singing around the campfire just to give you an indication of me and music. [00:06:46] Lindsey Dinneen: Yeah. Yeah, of course. That's fantastic. So I'm curious, do you own an organ or do you have to go somewhere to play one? [00:06:56]Gloria Grace Rand: No, I actually do have-- it, it's really old now.  It was a secondhand one that I bought from a coworker back when I was working at the Nightly Business Report. So this, this, this instrument is, oh my gosh, it must be 30 years old now for sure.  The pedals don't work that great, but it still works.  I bought a keyboard once before I got this organ and, you know, a nice electronic keyboard, but it just wasn't the same, especially because those keyboards are typically-- you play, it's more like a piano. And I grew up with two keyboards, you know, so it's like the upper register of the lower register and pedals. And I just prefer playing that way. So when a coworker was moving and she was offering this organ for sale, I'm like, "I'll take it, I'll buy it." And just to be able to have that experience again,  sitting down on a badge and just playing that way. ' Cause I grew up playing chords with my left hand, as opposed to that. I can play the intricate left-hand like you would do on a piano, but I don't know, chords are easier for me. I like it better. [00:08:03]Lindsey Dinneen: Fair enough. Well, I'm so impressed with musicians. Of course, that is already just so much work and dedication that you put into it, but I feel like organ is just another level of coordination that I just-- I don't know how you do all the different things and, and it sounds so good. Like how, how, how do you learn to layer the use of your foot, and then you have both registers and all that stuff. Like, that's just amazing to me. [00:08:32] Gloria Grace Rand: I, I don't know, but I guess it helped that I started young. I think I was seven years old and I started taking lessons to do it. And it just always seemed natural to me. Whereas like playing the piano, I can't understand how people play the piano because that's just, I'm in awe of people who can play the piano because especially with using the left hand and just making this intricate music, I'm like, well, you're just like, so, so I can relate in that way to how you feel because I, the organ to me is easier and fun. Whereas the piano seems much more challenging. [00:09:07]Lindsey Dinneen: What is the hardest instrument that you've learned how to play, do you think? [00:09:11]Gloria Grace Rand: Actually, the flute. The flute was my nemesis because our band director used to say "needs work on her embouchure. And to be able to get your, your mouth just right to be able to get that clear tone. I was okay. But I found the saxophone much easier to play. It was something about the reed instead was easier and I was much better playing the saxophone than I was with the flute. So yeah. Although I will say, the guitar I'm still not great at doing, like, super sophisticated chords, because if it is hard to press in and to get your fingers, especially like, I don't have the biggest hands I think. And maybe that's part of it. So it's hard to be able to necessarily like press all of those strings down, especially like your pinky finger to be able to get that coordinated and, and with enough strength to press down. But, you know, I can do C, G D7, D chords, those basic chords. I can play a lot of good John Denver songs. So let's put it that way. [00:10:14]Lindsey Dinneen: Fair enough. I love it. That's hilarious. Well, that's really cool. I'm glad that you were able to pick it back up and that it does still bring you joy. I think that's, that's so special. It is so important to find those things and to engage in them because it is a crazy world and we all need those outlets. And so, yeah, I'm so glad to hear that you're still doing it. That's, that's wonderful. Well, and obviously you've also had quite the illustrious career as a writer and you know, now starting off by writing for other people and now obviously, you know, writing your own book and such, but, so I'm curious how that journey kind of evolved for you. I mean, was it, was it something that you just sort of naturally kind of fell into? Was it challenging at the beginning learning like each different type of writing? 'Cause you've done several different styles, it sounds like. [00:11:06] Gloria Grace Rand: So yeah, absolutely. It has been interesting and when I, like I said, when I was a kid, I loved writing in school. You know, English was like one of my favorite subjects. And I, and I enjoy writing even, I don't know, maybe writing stories or things. But when I switched my major, 'cause I was originally majoring in business and doing very badly. So eventually I switched to mass communications and getting into learning how to write business news was, I think what was advantageous for me was that I worked my way up in, in the organization so that, like I said, I started off more of  the graphic side of it. And then eventually my next job, I became the Associate Producer for Stocks. So I was working with one of the anchors of the program. His name is Paul Kangas and he would, he would talk about the stock market. That was his forte talking about, you know, what happened on the New York Stock Exchange and the American Stock Exchange. [00:12:04] And so I, I would gather, figure out what were the best, biggest, bigger losers and gainers of that day. And, and just being around the other people, I would start picking up, even though I'd had, you know, I studied some journalism in, in school. It really helped being sort of on the job and getting that on -the -job training of learning from the other writers that were there, and the other producers and it, it's all about being able to be very concise and get your message across quickly because a lot of the stories would be like 30 second stories or that you would have to write. And, and it was great 'cause they, they allowed me to, to start off with writing small parts of the show there. We would do like a local segment for Florida stocks. And so I started writing some of those stories and, and then eventually got to write for the program itself. So it was great being able to have training and, and have people encouraging me along the way in order to do that. [00:13:08] And then it was interesting. Before I started my copywriting career, I was actually doing a lot of part-time volunteer work for my kids' schools. I started writing press releases for them, and I was working on their newsletter, the school newsletter and writing articles for that. And when I started doing the copywriting was like, oh, the stuff I was doing for the school was actually the same type of writing I could actually get paid for that. It didn't even, didn't even dawn on me at the time, but that was a career. I was just trying to help out, you know, and I, I'd worked for a TV station, so it was like, sure, I can, I can do this stuff too. I can figure out how to write a press release and send it to our local newspaper and things like that. So it's just been this, this way of evolving that then when I started learning how to do copywriting, it wasn't that far removed from what I was already doing, because the same principles hold. You've got to grab somebody's attention really quickly, get to, get to the point on a website, just like you would do writing for someone who's listening you know, watching a television show. [00:14:17]So it's been interesting how everything is sort of built on it. I guess, you know, each thing that I did, I sort of picked up a new skill and was able to keep evolving from it. And, and just being able to, in doing my business, I started a blog. So I started writing a lot of articles for that. And I think that also then helped in being able to really start writing a longer form and to actually write a book. Although that, that book process took me a lot longer than I thought. And I, as I said, I'm very spiritually minded and I got a lot of help in writing this book because I do not take all the credit for it because it was all, I was like asking for inspiration a lot and to be able to get it, in fact, even the idea for the book itself came during a meditation one morning. And this voice in my head said, "You should write a book about love." And I'm like, "I do marketing. What, where is this coming from? This makes no sense to me." But as is often the case, the reason I had to write a book about love was because I had to learn I love myself, and that's what I was able to do in the process of writing that book. So it was, wow. Yeah, it was not the easiest process, but one that was definitely very worthwhile and I'm glad, glad I got through it. It's very nice to be able to actually have the book in my hands. Now it was such a dream for so long and to be able to like, wow, it's really there. [00:15:48]Lindsey Dinneen: Yeah. Yeah, of course. I mean, I can only imagine how thrilling it is when you're just, you're like, finally I have this like actual physical copy of this labor of love that I've been working on forever. That's, that's a good moment. Well, you mentioned, you know, having the inspiration sort of coming from, or at least part of the inspiration coming from, you know, your sister's battle with cancer. Do you mind sharing more about sort of how that impacted your work? [00:16:18] Gloria Grace Rand: Yeah, absolutely. It was, it was a big part of it. Yeah. And in fact, the idea for the book came yeah, two months before she transitioned. It was the end of 2016. And like I said, I know now it was, it was the reason was because I needed to, to learn that.  She was my older sister. She was 10 years older than me and lived out in Arizona. I live in Florida, so I was going out there as often as I could to be with her during that battle that she was engaged in and, you know, initially I grieved a lot when she was gone, cause she was, she was like my cheerleader, you know, she was the person who was always encouraging me in my business and always telling me, you know, you're doing a good job and, and I really miss that when she was gone. [00:17:05] But now with, you know, some time and, and going through writing the book, I can really look back on number one, looking back on the time that we got to spend together was great despite everything because we really got to connect in a way that we hadn't that much. Because of this ten-year difference we had, we had really two different childhoods. So we would spend, you know, a lot of times comparing notes on how we and, and just, we were able to put together some good memories. I actually write about one of the things in the book one time was, this was the year before she passed, I was out there before Christmas and we decided to make Christmas cookies and we made the, the kind that she always loved, which I, which I love too. So it's basically a sugar cookie. And so I'm, I'm, you know, made the batter and I'm rolling out the dough and I'm flattening the cookies and she's like, you know, you're not flattening them enough. They need to be flattered. And I'm like, okay, fine. You know, press them down a little bit more and then put them in the oven. [00:18:07] And it wasn't, it was just so annoying that she was right. Like they really did turn out better. You know, so, but it's like, we were able to do things like that. And, and that's like a memory that I hold with me, you know, now forever, because it was, it was a lot of fun and, and, you know, and of course she was, you know, being her big sister ways and just saying how, you know, she was right. And I was wrong and okay. And it's also again, in writing the book, I incorporated some of the things that she went through as well as I did. We had not the greatest of childhoods. My dad was an alcoholic and my mom had a bit of a temper. And so it wasn't, it wasn't easy for either one of us. And, and it affected both of us really in, in, in our business. [00:18:55] In fact, cause we sort of had doubts about ourselves and, and our self-esteem and, and even when I was writing the book, I was, I was working on one section that the V in love actually stands for value your uniqueness. And I realized as I'm trying to get this book done, trying to get it to the publisher because I wanted to have it published by February. Cause that was when my sister's birthday was and I thought February 21st would be perfect. So I'm trying to get this book done and I'm like, geez, I didn't write much on this section probably because I need to work on this a little bit more.  I'm not valuing my own uniqueness a bit, but, anyway, for whatever reason, I was drawn to start looking through some of her, her notebooks and I was trying to check a date or something. [00:19:43] And I came across a section that she had written about where she was talking about, you know, struggling that of  self-worth and why she wasn't even able to fight the cancer. Because, you know, thinking that like, she wasn't worthy to be able to survive this. And you know, and it was like, you know, my heart felt for her. And at the same time, it was also a good reminder that it was like, I needed to know to see how she was experiencing this and, and to be able to even share that in the book for others who, you know, may be suffering from self doubt and, and, and not valuing their own worthiness. And so she's still around helping me. I guess the point I want to make here is that even though she's not, not here physically I still feel her presence and her directing me and helping me out and being the big sister, you know, and really, really still, still helping me from beyond which is, which is quite remarkable. [00:20:45] Lindsey Dinneen: Yeah. And that's so special to have gotten to share those memories. Of course, I mean, and, and then be able to, to use them to help not only inspire yourself and, and value yourself and learn all that, but to then share that with others. That's a really powerful story. So thank you for sharing about that. And then I know you now have a podcast as well. Do you mind sharing a little bit about that and maybe what you chat about on it? [00:21:14] Gloria Grace Rand: Yeah, absolutely. I'd love to. Yeah. It's called Live Love Engage, which is actually the same name as my book. And I, I started about a little over a year ago as a way to help me, frankly, write the book. I was thinking that I would be able to do some episodes where I could kind of talk about some of the things I was writing about to really help me to crystallize it. And yeah. I had done a podcast about five years earlier. And that time it was all about online marketing. And so I didn't want to really lose that, but I wanted to put something more into it. So the way I describe it as it's, it's practical advice from a spiritual perspective to help entrepreneurs to create more impact, influence, and income, and what the Live Love Engage is about is being able to live fully, love deeply and engage authentically. And, so this time around, instead of doing it five days a week, which is what I was doing before, which was insane. ,And I burnt myself out. This time, I'm doing interviews in addition to doing my own solo episodes. And so I do at least one interview a week sometimes, especially during the height of the pandemic last year, I was even doing a couple a week. [00:22:27]Yeah, right. Yeah. I was doing like about two, two interviews a week and it's been so wonderful to be able to talk with so many different people and to be able to get their perspective. I've talked with a lot of, you know, authors and coaches and, and other, other marketing folk too. Cause I also do, you know, again, offer practical advice on how to grow your business, but a lot of times, I'm also talking with people who deal with a mindset issues. Cause the one thing I've learned in being in business for myself, as opposed to when I was an employee, is that, and even dealing with some of my other clients is that you can have all the best tools. You can have a social media presence, you know, all over the place. But if you have a mindset that you're really not worthy to be successful, or that, you know, you've got some types of limiting beliefs around money, that maybe you're not meant to have a lot of money, then you're not going to be successful in business. Even though you might have the best website and you've got a team, even as having a team of people maybe working for you, you're still going to be butting up against a wall because it's really what you think and believe about yourself that is going to have a big impact in how you actually can succeed in business as well as in life for that matter, too. [00:23:48]Lindsey Dinneen: Perfect. Yeah. Well, that's exciting. And so I'm, I'm curious for our listeners who would like to maybe purchase your book, find out more about your podcast or kind of follow your work, is there a way for them to do that? [00:24:02]Gloria Grace Rand: Absolutely. You can go to my website, gloriarand.com. And you will be able to see I've got the actual, you can see that link to my podcast is there. Of course, it's on iTunes and all those lovely podcast platforms and they're everywhere, but I do have it on my website. There's a tab that'll take you to the podcast as well as a link to take you to my book. Although you can also go to LiveLoveEngagebook.com. And you can order it there and it's, although it is available on Amazon, as well as on barnesandnoble.com as well. But yeah, and then I'm on, I'm on social media. So as I said, I'm on Facebook and Instagram and all those, all those fun places. If you could look for Gloria Grace Rand and you'll be able to connect with me there as well. [00:24:51] Lindsey Dinneen: Perfect. Thank you. Well, I always ask my guests the same three questions and I'd love to do that with you if that's okay. So, first of all, how do you personally define art or what is art to you? [00:25:06] Gloria Grace Rand: Oh, let's see. Art, art to me is expression. And it, because it can have so many different forms and, and I think it is, it's a way of expressing who you are, what your thoughts and beliefs are and it's a way of being able to just communicate you through whatever different modality you find, whether that's writing, whether it's music, whether it's actual painting and drawing. Cause there's so many different ways to be able to express. So yeah, I think, I mean, that's what it is. It's a way of being able to express, express yourself out there in the world. [00:25:50] Lindsey Dinneen: Yeah, absolutely. And then what do you think is the most important role of an artist? [00:25:56]Gloria Grace Rand: Well, the most important role-- I think it's just being true to who you are and to trust yourself to be able to communicate whatever it is that you want to communicate. Because if you're going about doing something in the arts to please someone else, it's not really ultimately going to be successful. I think you've gotta be able to do whatever it is from your heart to really be able to please yourself. And it may not please everybody. And that's okay. But as long as you are conveying what you want to convey from your heart, then it is going to touch someone else's heart. [00:26:39]Lindsey Dinneen: Yeah. Yeah. Beautiful. And then my final question, and I'll define my terms a little bit, but do you think that art should be inclusive or exclusive? And by inclusive, I'm referring to an artist who puts the work out there and provide some context behind it, whether it's program notes or titles or the inspiration that went in behind it, versus exclusive referring to an artist who puts their work out there and doesn't provide the context so it's left entirely up to the viewer to interpret it the way that they will. [00:27:12] Gloria Grace Rand: I think, I think it's a both/ and because I think it just depends on, how you want to put it out there in the world? Because I, I know that there are some people who will do art-- especially I think, and maybe this is more even with painters in particular who, who do want to just let people interpret it.  But there's certainly nothing wrong with it being inclusive either and being able to give people maybe some guidance what it should be. That's an interesting question.  I can see justifications for both. So yeah, I think it's up to the artist to decide ultimately, because they're the ones who are creating the art, and if they want to provide guidance, that's their prerogative. And if they want to just leave it up to whoever to be able to make their own judgment, that's, that's their prerogative as well. [00:28:07]Lindsey Dinneen:  Yeah, absolutely. Perfect. Well, first of all, thank you so very much for being here today, Gloria. I really appreciate your time and your stories and sharing with us your inspiration and all the cool ways that you have interacted with art over the years. And I'm really excited to continue to follow your journey. And congratulations on the book. That's so exciting, and also the podcast of course as well, but I know, I know it's just such a big deal when you can see that copy of the book in your hands. So congratulations on all of that and again, thank you for your time today and, and your inspiration that you're sharing with everyone. I really appreciate it. [00:28:50] Gloria Grace Rand: Well, thank you. Thank you so much. And, and I, I love what you're doing for this podcast, because I think it is great to be able to let people know a little bit more about art. So, so I applaud you for what you're doing. So thank you. [00:29:03] Lindsey Dinneen: Well, thank you. I appreciate that. And thank you to everyone who has listened to this episode. And if you're feeling as inspired as I am, I would love if you would share this with a friend or two and we will catch you next time. [00:29:17] If you have a story to share with us, we would love that so much. And I hope your day has been Artfully Told. [00:29:26]Hey, Artfully Told listeners, Lindsey here. And I just want to share with you a little bit more about the SpeakEasy Method. Now, if you've had a chance to listen to Gregg Gonzalez' interview on Artfully Told, you're already a little familiar with the process that is so unique, so cool that is the SpeakEasy Method is for people who are ready to write their books, but maybe aren't super confident about their own writing ability, or just want a more streamlined way of doing it. Gregg and his team at SpeakEasy are experts at these amazing questions that help your authentic voice to shine through. So what they do is they go through recorded audio interviews with you and these recordings are then transcribed and put into manuscript format ready to go. So what's cool about that is instead of months and months, or years and years of you writing a book, they will actually take you from concept to published and it can be as little as nine months. That is one of the most recent success stories that they have accomplished. And it is just a really innovative method that I am personally so excited to help represent and help share the word about because what Gregg and his team are doing is absolutely life-changing for prospective authors. And I highly encourage you to book a discovery call with Gregg  or another member of his team to learn more and see if this could be the perfect fit for you. It's a hundred percent complimentary and you can do so easily by going to his website and that's www.joy-ful-iving.com/speakeasy. And again, that spelled out is J O Y dash F U L living.com/speakeasy.

Brandon Dawson founded his first company at age 28, Sonus, where he served as Founder and CEO for seven years. Then learned a lot about raising money from high net worth individuals, private equity firms and strategic partnerships. Over five years, made over 150 presentations to raise capital, completed over 100 acquisitions, and created distribution agreements with over one thousand independent business owners and dozens of suppliers. With four separate equity raises totaling 38 million dollars, and negotiating 20 million in strategic debt financing would learn a lot about the process, and different equity and debt structures, not to mention negotiation skills in purchasing businesses. Brandon has been the CEO and Chairman of both a Canadian listed and US listed public company. In addition to that when Sonus was listed on the American Stock Exchange in 1998, he was one of the youngest people to do so. Being the CEO and Chairman of a public company, learning the importance of governance, leadership, responsibility and positioning. Plus how to run Board of Director meetings with Audits, compensation and legal committees. Brandon has delivered consistently in scaling and growing as he brings his abilities as a joint partner of Cardone Ventures. In This Episode: Key Indicator to taking a Risk The Power of Building out your team Managing Your Happiness with Success Identifying the Road to YOUR legacy Dominating in a Micro and Macro Market Organizes Roles and Procedures Instagram Twitter Facebook LinkedIn

In this presentation, we discuss the major stock market exchanges including the New York Stock Exchange, the American Stock Exchange (now called the NYSE American), and the NASDAQ, as well as the less reputable over-the-counter markets such as the Bulletin Board and the Pink Sheets (now called the OTC Markets). What we will see is that technology and the urge to consolidate are changing the industry at breakneck speed.

Meet Christian   From Wall Street Trader to Performance Executive Coach, for the last 10 years, Christian has been helping individuals and organizations raise their game by improving their mindset. He's been doing this through his consulting practice, Christian Buck Consulting. Christian has worked with professional athletes, student-athletes, and executives on a one-on-one basis challenging their thinking on the field, in the classroom, or in the boardroom. He has published two books, The Sport of School: Help your Student-Athlete Win in the Classroom, and Thinking Inside the Crease: The Mental Secrets to Becoming a Dominant Lacrosse Goalie. Christian is also a contributing author to the Forbes Coaching Council.   This idea of taking your skills, your experiences, everything that you've been through from the playing field to the boardroom, what does that idea mean to you in the work that you've done?   What I found is whether we're on the field, or in the classroom, we're always performing. The best players, the best executives, the best students aren't focused on the performance, they're focused on either winning the game doing well at their job. They don't see it as a performance, they're focused on what they're doing and getting the job done. Actually, my company used to be called Get it Done, which again, goes back to the focus of the task at hand, and not performing. So the key for all of this is the mindset that you have, whether it's on the field, in the classroom, or in the boardroom is that we're not necessarily performing for others, but we're performing to finish or complete a task by using that athletic mindset that we're usually pretty good at. Athletes understand the mindset of hard work and work ethic of being aggressive or focusing on winning, but we don't do it when we get to our first job or if we own a business, we're worried about getting a promotion or being liked. So it's helping people get back to that athletic mindset of focusing on winning, and not losing.   What happened in your journey where you started recognizing that there's this need for athletes in particular or former athletes who are now in the business world who are missing this component, this transition from one to the other?    It happened over a long evolution. When I was in college I was a goalie and trying to get the starting spot back as a sophomore and I realized that I was just trying to impress the coaches so that I could start. I wasn't trying to win, I wasn't trying to stop the ball, I wasn't trying to be the best I could be, I was just trying to prove something, which is a problem. Then when I went into the Wall Street realm, and I was trading in the pits on the American Stock Exchange, what you're trying to do is make money day to make sure you're doing your job to the bosses. It's very quantifiable and you're focused on the outcome, the result, and the judgment of that result. So post 911 I stopped trading and went into brokerage and now you got guys yelling at you trying to deal with that and performing for them. I realized it's just anxiety-ridden and I was also just taking, I wasn't giving. Buy low, sell high for people that competitive and are really good traders, that's great. I mean, that's what makes them good, they would get in at five in the morning, and when earnings would come around they would stay late and go over all the analytics. I'd get there at 9:15 and then leave before 3 because I just didn't find interest in it and not that there's anything wrong with it, I just didn't find interest in it. So I started to focus on some things I took about a year to figure out, Okay, what do I like? Not what can I do, what do I like. That was a big period in my life that I work with executives now on is, what are things that you like? I call it the billion-dollar lottery, if you want a billion dollars, what would you do? There's probably some sort of two-week hangover and you're buying your parents a house and you're going on a trip, but after that period, you wake up and do what? So start figuring out what that is, and then build a job around it. Because most people think about the end result rather than who am I, what do I like, and what do I want to build out of that. So I figured out a bunch of things that, I was a goalie, I was a drummer, I'm a background guy, I do not want to be the lead singer. I like being social, I want to interact with people, I would hate going to a cubicle every day. I had every golf psychology book in the market and so I started to take all these things and put it together and say, "Oh, sports psychology!" I get to be a background guy, I get to be social, I get to work wherever the athletes are playing, fixing small problems. So that all led me to sports psychology and then when I was working with athletes and teams, I recognized that all the same stuff is true. Whether I was training, whether I was on a college lacrosse team, whatever it was, I was always trying to perform. This is the first time where I was just trying to help people just because I wanted to be of service, I wanted to help them, and if I got paid great! I got to work with the fourth in the world in long drive competitions, I would have paid him to work with him! He's hitting the ball 410 yards, it's just amazing! Then I realized that this is going to be a great ride, because I just love it every day, and I still do.   How do you begin that conversation with the athlete who is a senior and won't make it to the professional leagues where they have been so focused for four years on being an athlete? Yes, they're in school, and I'm sure a lot of them are getting good grades, and they have an idea of what they want to do, but how do you begin to kind of peel back that onion on it being time to begin the transition process and begin to understand what life has in store for you?   What a lot of athletes are dealing with is an identity shift. You have always been the athlete, you've always been the stud and you've always been known as that person and now it's removed. What do you do? Well, what I talk to them about is you're still in that mindset. Whatever made you great, whatever makes you an athlete is going to make you a good executive, it's just who you are! So in the sport of school, I talk about what's called the workhorse. The workhorse is the one that gets there early, stays late, grinds all day. That's in you, it's already who you are, so let's just apply it to school. Then when you get that first job, be the first one in, and the last one to leave. It's what you do anyway, it's not like we have to make up some new person, it's taking that athletic mindset and just grinding! It's not changing their identity anymore, it allows them to keep their identity.    You've identified five categories of athletes/executives,  the workhorse, the intellectual, the rookie, the natural talent, and the spectator. How did you develop these five types and where would you say most athletes fall into?    It came from about five or six years of working with student-athletes and recognizing that there were just common traits that I saw with each individual. Those characteristics started to create what I call the buckets. So the workhorse, for example, what I found was the athlete who is the grinder who gets there early stays late. I can use that and I can see it, I know what they do, it's very visual with the workforce. What we do is we can just take that and apply it to something else. The Spectator is the total opposite. The Spectator is on the sidelines of their life, they're just sort of watching it go by and I say there are two different types of people: there are motorboats and corks. Motorboats, create the waves, and corks just float around them and that's what the spectator does. They're just going through the motions, they're at practice, they're in school, but they're not excelling, and they don't really care to excel. With them, it's creating a personal vision, they have no vision. They think why bother doing these things, running sprints, getting the weight room? They see it as a chore versus the workhorse who knows the bigger and faster they are, the better they're going to be. So the workforce is driven towards something the spectator is just sort of there. The rookie wants to do well and they could be a workhorse, they just don't know the rules. They just don't know what they need to do or how good they need to be. A perfect example is I just heard from someone the other day that described a high school player that wanted to go pro in basketball. It's like, okay, I love the dream, and I'm not going to knock it but that is a very difficult thing to do. 3% of high school football players playing college and 1.6% of college players play in the pros. People do it don't get me wrong, but it's knowing that I want to get there, but am I willing to do what it takes? You've got your natural talent and your intellectual, the natural talent plays all the time, so they need to learn to work and the intellectual is the perfectionist, they want to do well, but they get anxious along the way.   In my experience, I would believe that there are more athletes who are at the professional ranks, who have more of the workhorse mentality, and work harder to develop their natural talents and make it to the next level, as opposed to those who have the natural talent and try to become a workhorse, because that's the component they need to get to the next level. Is that what you have seen in your experience?   It's a great question. I never thought about it before because with professionals there are so many components. If you're talking about pros, you look at Michael Jordan, right? He must have been a natural talent, but he's also a workhorse and he's also very tall. So you have these aspects like if you want to be an offensive lineman, you've got to be 300 pounds, it's just the way it is. So there are components on the professional level that you just have to have. Now I think of it, it's more about the mindset. So the natural talent, look at Allen Iverson. Allen Iverson was a guy that didn't need to practice, he didn't understand why he had to do it, or why it needed to be intentional or focused. Now, Kobe Bryant was the total opposite of that, but Allen Iverson was an insane natural talent. He was just good enough to pull it off. I think if you're talking about how you get into that 1.6% of athletes that go pro, it's going to be through a workhorse mindset. Natural talents only going to take you so far, unless you're just worldly gifted. We could count probably the number of people who are on that level. Like LeBron James is naturally gifted, but he's a worker because his mindset is a worker.   This whole mindset applies to life after sports as well right?   Exactly and so I'm taking the person and applying it to the performance. So it could be in the classroom, it could be on the field, and it could be in business, the person is the consistent one, the constant. All we're doing is applying it to different areas. That's where I think a lot of people can find a lot of confidence and be like, "You know what, when I get to my job, I am going to kick butt because that's what I do, I've been doing this my whole life, this is gonna be easy for me!" One of my guys who's now an analyst on Wall Street, I talked to him recently for the book too and he said he still thinks about this stuff. He said, "You said to me once that there's someone out there working harder than you and that never stopped so I get in early, and I stay late and I just outwork everybody."   In your relationship with sports psychology have you recognized in your time in this industry that athletes have become more welcoming to the idea of the assistance with the mindset?    There are a couple of things, one, that golf psychology is about golf, it's not about the people. It's just part of the game and it's about picking targets and being able to hit short putts and all that kind of stuff. Even Tiger Woods stayed in college to learn how to win. He did have a mental coach, but it's not well known and he doesn't talk about it. So what has happened through that I believe, is one, the sport of golf has just accepted it. Whether or not that was a catalyst, I don't know, but what has happened since the last 10 years is an evolution to the lack of the stigma. I have expertise in sports psychology and I think that the lack of the stigma or the reduction of it is a huge benefit. Now, you look at all the top athletes in the world, and if you're gonna line up 10 guys in the 100-meter spring for the Olympics, it's going to be who's the best prepared at that point. Usain Bolt is a little bit more of natural talent because of his physical stature. However, Michael Johnson, who broke the world record was just more prepared than his competitors. So it's become more welcomed and people are wrapping their arms around it now, for the first time. I would say that's probably been within the last four years or so. The average athlete doesn't know because they aren't exposed to it compared to an Olympic athlete. They just for the most part don't know what it means and haven't fully grasped it. I think there's still a lack of knowledge of what it is, but once I start working with people they get it. I'll tell you so many of the young athletes that I work with major in psychology because they get it, and they like it, and they appreciate it. I don't know if they're going to go on and do it, but they're no longer blank on what sport psychology means.  They really have an idea of what it means so I think that's where we're at right now.   And so much more...

Transparent with Tina - Interview with Brandon Dawson In this episode of Transparent with Tina we welcome Brandon Dawson "A SERIAL ENTREPRENEUR AND BUSINESS LEADER WITH A PASSION FOR HELPING BUSINESS OWNERS AMPLIFY THEIR VISION AND IMPACT, THROUGH BELIEF, STRATEGY AND TEAM ALIGNMENT" Brandon Dawson founded his first company at age 28, Sonus, where I served as Founder and CEO for seven years. He learned a lot about raising money from high net worth individuals, private equity firms and strategic partnerships. Over five years, he made over 150 presentations to raise capital, completed over 100 acquisitions, and created distribution agreements with over one thousand independent business owners and dozens of suppliers. With four separate equity raises totaling 38 million dollars, and negotiating 20 million in strategic debt financing I learned a lot about the process, and different equity and debt structures, not to mention negotiation skills in purchasing businesses. I have been the CEO and Chairman of both a Canadian listed and US listed public company. Another fun fact is that when I listed Sonus on the American Stock Exchange in 1998, I was one of the youngest people to do so. Being the CEO and Chairman of a public company, I learned a lot about the importance of governance, leadership, responsibility and positioning. Learning to run Board of Director meetings with Audit, compensation and legal committees I learned while doing, and fast. I also learned that you can never learn or know too much, or fast enough. My journey starting and growing Sonus was invaluable. Raising capital, negotiating purchase agreements, closing on, integrating and operationalizing so many businesses while navigating the building of technology platforms, hiring and developing teams, creating new business concepts and on and on was so educational that it formed my thinking about what can be done. But more important than what I learned to do, were the painful lessons in what NOT to do. As I pivoted my business model into a new direction, I was untimely replaced by my private equity partner as they didn't like my direction. So they opted to replace me and sell the company. This was a painful, yet powerfully transformative time for me. Subscribe to my channel for more great interviews! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/tina-marx/support

Dentists, like other professionals, should develop a solid financial plan to build wealth and prepare for retirement. Planning for financial independence while building their dental practice is an issue that concerns dentists at all stages of their career, whether they’re just starting out, growing to multiple locations, or preparing to sell their practice in preparation for retirement. Developing a financial plan with the guidance of a team of professional advisors helps them meet their unique current and future goals and will continue to evolve throughout the various life stages.  In this episode of The Art of Dental Finance and Management podcast, Art meets with Ryan Weigel, CPA, CFP and Zachary Schnitzler, CEPA, CLCS of Eide Bailly Financial Services about the financial planning process for dentists. Ryan and Zachary emphasize why financial plans are so important, major pitfalls to avoid (typically not having any financial plan), as well as what steps dentists can take to ensure success. They also discuss some of the essential elements of a solid financial plan: Budgeting Debt reduction Student loans Retirement savings Insurance coverage Children’s education Estate planning Reach out to Art if you have any questions regarding dental finance and management for your dental practice. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist.   [CALL OUT BOX – We Can Help Button] Let us help you build a solid financial.   [cta: www.eidebailly.com/financialfuture]     The Transcript   Art Wiederman, CPA And hello everyone, and welcome to another episode of The Art of Dental Finance and Management with Art Wiederman, CPA. I am your host, Art Wiederman. It's a pleasure for me to be joining you today and sharing some information. I am a dental division director at the CPA firm of Eide Bailly. Our CPA firm represents about 800 dentists and today's topic is, goes to the core of what this podcast series is about. It's called The Art of Dental Finance and Management.   And today we're going to be talking about a financial plan. I've done podcasts on the 10 Biggest Financial Mistakes Dentists Make, and I've talked about retirement planning. But today I have two really great experts from our firm, Ryan Weigel and Zach Schnitzler. And Zach and Ryan are going to go ahead and talk about financial planning. They're part of our financial planning group.   We're going to talk about why do you need a financial plan? What is a financial plan and what are the biggest mistakes we see dentists making. Because they're working with dentists and other professionals all over the place and they have a really neat retirement planning module. And I'm going to talk about insurance. So we're going to get to that in a couple of minutes.   I do have some information for you that I want to share with you first about our partners. And then about something that happened yesterday that came out from Treasury. We're recording today, which is November the 19th, which is Thursday. So I'll talk about that in a second. A couple of rulings and procedures that came out from IRS that is, unfortunately, folks not going to make anybody happy. But we'll talk about that in a second.   I would really like for you guys to take a look at our partner, Decisions in Dentistry www.DecisionsinDentistry.com. Great, great, great clinical content, continuing education courses. They have been a wonderful partner of ours in working with us on the podcast and sharing great information for dentists on clinical dentistry.   Also our Academy of Dental CPAs, which is www.ADCPA.org. 24 CPA firms across the U.S. that represent over 10,000 dentists. We are, at Eide Bailly, one of the members of that group. And I've got some great information for you, too.   We are putting together here in Southern California a one year long series on the business side of dentistry, six local dental societies in Southern California, and I have no problem mentioning them by name - the Harvard Dental Society, the Orange County Dental Society, both the Los Angeles and the West Los Angeles Dental Societies, the San Gabriel Valley Dental Society and the San Fernando Valley Dental Society. I am putting together, through Eide Bailly, a wonderful, wonderful year-long series which is going to begin, put on your calendar, because I'm inviting all of my podcast guests, because the great thing about doing stuff virtually is anybody can join. You don't have to get on an airplane or book a hotel room and these are free. These are not going to cost anything and the information is going to be fantastic.   So the first one is going to be on December the 9th, which will be from 6:00 to 8:00 p.m. and it's going to be on year-end tax planning and the research and development income tax credit for dentists. So if you would like to register, the page is either up or will be up very shortly. You can register for the webinar and if you register, they'll send you the link. You go to www.EideBailly.com/dentalseries.   And in fact, as part of this dental series, one of the series, which is going to be every month in 2021, we're going to start with December and then it'll start in January and February. And every month after that. One of the series is going to be these two gentlemen that you're going to hear today is going to talk about in much more depth than we can do on a podcast. We're going to be talking about financial planning and we're actually going to do a case study or two on the webinar with the software, which is really, really cool. So www.EideBailly.com/dentalseries.   And also if you're interested in the R&D tax credit www.eidebailly.com/dentalrd. Put in your information and our team will give you a call. So I want to talk before I get to Zach and Ryan. I want to talk about what came out yesterday and what came out yesterday. We knew it was coming. And in fact, our previous podcast with Mel Schwarz. Mel emailed me two days after we recorded and he said, Art do we need to rerecord because this is coming down the pike.   So I've been talking to you guys about the PPP loans and whether the expenses that you pay are deductible. Remember, your PPP loan is not taxable when you have it forgiven. So back in April, I think it was actually April, late April, early May, Treasury came out with Notice 2020-32 that said the expenses are not deductible, but they didn't give us any details. So I have taken the position on this podcast that if you have a forgivable loan, that and it's not forgiven by the end of the year and you're a cash basis taxpayer. I've been a CPA for a long time. 36 years. And the law says if you don't have a forgivable event, then those expenses are deductible.   Until yesterday. Revenue 2020-27 came up with two situations. Number one, it basically said that if you apply for forgiveness in 2020 but no decision has been made on your forgiveness. But you meet all the rules, you check all the boxes that you're going to get full forgiveness. Or you wait until 2021 and you meet all the rules. They basically say, and these are the words in the ruling that if you have a quote, reasonable expectation of reimbursement and I will read from the ruling, quote, if it's reasonably expected to occur rather than being unforeseeable, such a deduction is inappropriate.   Bottom line is, folks, if you meet all the rules and you're going to get forgiveness, then your expenses are not deductible for 2020. So if you got 100,000 dollar PPP loan, you better add 100,000 dollars to your taxable income for 2020, which is going to bring a lot of my doctors to not only where they were in 2019, but even higher. Very, very important doctors that you go to your CPA between the next six weeks, between now and the end of the year and figure out where you're at.   There is a revenue procedure, 2020-51, which is a safe harbor, which basically says that if you reasonably expect forgiveness and you're submitting for forgiveness, but all or partial forgiveness is denied. In other words, you don't get forgiveness, or if for some reason you choose not to file for forgiveness. I don't know any dentist in America that is not going to file for forgiveness. But if you just say I don't meet the rules, I fired everybody. I didn't bring them back, then no problem. Then you can deduct the expenses in the year that you are denied forgiveness. It doesn't tell me if you have no intention of submitting for forgiveness at all in 2020 can I deduct the expenses, it doesn't address that.   I did have a long conversation with Megan Mortimer yesterday from the ADA. I will tell you that the ADA, along with the American Restaurant Association, the American Institute of Certified Public Accountants, the AMA organizations that represent dogs and giraffes and puppies and everything, they're all going to Congress and they're all basically pushing real hard. And folks, without getting into details at the moment, it's all political.   We may not see anything about this until January, February. So you may be looking at extending your tax returns to see what the government's going to do. We think they're going to make a law that says these expenses are deductible. It would hurt small businesses if they didn't. But we'll see what happens.   Alright. Well with that joyful news, folks? Let's get to our program today. My good friends, Ryan Weigel and Zachary Schnitzler from Eide Bailly are going to join us here in a second. Let me tell you a little bit about them. Ryan is a financial adviser. He is located in Aberdeen, South Dakota. He works with his clients on financial planning, including cash flow analysis, education, planning, insurance and risk analysis, retirement planning and asset allocation. And that's Ryan.   And Zach is in Fargo, North Dakota. Go North Dakota State Bison, by the way, I told him that earlier. Zach's an insurance specialist involved in insurance planning, employee retention solutions, planning for purchase and sales of businesses, succession and estate planning. So, Zach and Ryan, welcome to the Art of Dental Finance and Management.   Ryan Weigel, CPA, CFP Thanks Art. It's our pleasure to be here.   Art Wiederman, CPA Hey, nice to talk to you guys. Appreciate you taking the time today. So you guys are avid golfers, I hear. So I won't talk about the fact that I went out and played yesterday here in Orange County, because right now you're just playing like ice golf or indoor golf. How's that work?   Ryan Weigel, CPA, CFP I'll let Zach go on that he's a he's a better golfer than I am.   Zachary Schnitzler, CEPA, CLCS It kind of depends on the day. But up here in Fargo, we definitely started our indoor simulator league, and it's not even Thanksgiving time yet. So it's too bad.   Art Wiederman, CPA We'd love to have to get you out here to play some golf anyway. So. Hey, guys, why don't you. Again, we're talking today about financial planning, folks. We you know, I went through all the Certified Financial Planner courses, you know, a long time ago. And it takes, you know, a couple of years to do that. So in an hour podcast, we're not going to be able to go through every single detail. What my objective today is to make a call to action.   If you haven't done a financial plan, if you haven't figure out where you're going, we want you to take action after what we talk about today. You know, there's seven areas of financial planning. There's cash flow management, there's taxes, there's insurance, investments, retirement planning, estate planning and college planning. We're going to touch on them today. But we want you to take action. Basically sit down and figure out where you're at so that, you know, if you don't have a road map and you don't know where you're going, it's kind of hard to get there. So with that said, let's start. Ryan, tell us a little bit about your journey.   Ryan Weigel, CPA, CFP Yeah, so I'm a CPA, much like you are, and I'm also a CFP, as you alluded to. So my journey started with Eide Bailly, I think 12 years ago. I started on the tax side. I did tax work tax compliance work, and that led into a lot of planning. Just as you alluded to earlier. The dentists better be, the doctors you're working with, meet with their CPAs here between now and the end of the year, because there's a lot of the year-end planning needs to get done.   That brought on a lot of things that I enjoy doing, which was financial planning instead of just tax compliance planning. It was now financial planning, which also alluded to investments and insurance and so on. And so my career path changed about halfway through my tenure with Eide Bailly and it moved over to our financial services division. So my main role is financial planning for clients. And again, like I said, it involves a lot of pieces, investments, tax insurance and so on and so forth.   Art Wiederman, CPA OK, and Zach, other than you going to PGA school or whatever it is, what are you doing? What's your story?   Zachary Schnitzler, CEPA, CLCS Yeah. So as you mentioned, I'm an insurance specialist specifically in the financial planning realm. So we're talking life insurance, disability insurance, long term care insurance type work. I've been in it my whole career almost ten years. Everybody grows up wanting to be an insurance person. I know that. But no, I have some great mentors right away to jump into the business. And before Eide Bailly, I was primarily a consultant with financial advisors as the insurance side is a very unique animal in itself and it requires specialized attention. So happy to be at Eide Bailly. And it's a great place to help our clients on a consultative type approach versus a sales type approach.   Art Wiederman, CPA Yeah, we don't sell. I've never sold. I mean, I'm a registered investment advisor. But guys, if I recommend a stock or a mutual fund, you should probably short it. That's kind of the way I feel about the whole thing. So, hey, Zach, we have to do the required reading of the disclosure. So why don't you get that out of the way and then we'll get another topic.   Zachary Schnitzler, CEPA, CLCS We do. It'll be as fast as possible, I promise. Here we go. Financial Advisors offer Investment Advisor Services for Eide Bailly Advisors, LLC, a registered investment advisor, securities for Three United Planners Financial Services member of FINRA SIPC. Eide Bailly Financial Services LLC is the holding company for Eide Bailly Advisors LLC and Eide Bailly agents. Wholly owned and operated under Eide Bailly LLP, insurance products are offered or issued under Eide Bailly Agency, LLC. Eide Bailly Advisors LLC employees can also be licensed as insurance agents producers of Eide Bailly Agency, LLC. Eide Bailly Financial Services and its subsidiaries are not affiliated with United Planners. Not all products and services are available in all states. The views expressed are those of the author of the date noted are subject to change based on market and other various conditions are not a solicitation to purchase or sell any security and may not reflect the views of United Planners Financial Services. Keep in mind that current and historical facts may not be indicative of future results. Third party material is meant to provide general information and is not to be construed as specific investment tax or legal advice. Individual needs vary and require consideration of your unique objectives and financial situation.   Art Wiederman, CPA Okay, promise me you're not going to do that again.    Zachary Schnitzler, CEPA, CLCS Promise. We're done with that.   Art Wiederman, CPA So which stocks should I buy? Nah, I'm just kidding. Let's just blow up everything we just did.   Zachary Schnitzler, CEPA, CLCS Yeah. Right.   Art Wiederman, CPA So there you go. Okay, so let's start out with the basic question. Why does a dentist need a financial plan?   Ryan Weigel, CPA, CFP Well, you alluded to this earlier, Art. A roadmap, right? So I always try to tell clients is as we sit down with you and we try and gather your information, you've got many roads to go and we're trying to determine which road makes the most sense. And just because it makes sense today doesn't mean in two years it's going to still mean the same road. But what it does is it allows us to have a form of a road map to help answer a lot of questions. And those questions are, again, tax, investment, insurance, business succession, estate. So the whole goal is, hey, I've got this plan in place to answer questions. And it's not a product specific thing. It is a service specific.   Art Wiederman, CPA Right, so what we want to do is, is, you know, again, my experience in this, guys, is that, you know, the people that do this right they're looking at what the goals and the objectives are. And at some point down the road, everybody's got to get compensated for what they do. And at some point down the road, a product usually is involved, whether it's an investment product or an insurance product or something. But that's not where we start, right? That's not even close to it.   Ryan Weigel, CPA, CFP No. You start with the financial plan first and foremost, and that's going to give you. The numbers don't lie in a plan is what I usually tell my clients. Because if it says you need life insurance, you probably need life insurance. I don't care who you talk to about that. There's probably a need of life insurance. Right. But the plan gives you the numbers and the numbers don't lie. And you kind of work through that scenario.   You know, the one thing I'll just say real quick, Art, is there's really four main steps that I use. I think most individuals that use this, but the first step to plan is we sit down and you listen. OK, what are the goals and circumstances? What is your profession? OK, you're a dentist. OK, what's the goal? How long do you want to work? Right. Then we kind of gather a lot of information from you. We might analyze that data and put together some creative plan. But as soon as tomorrow hits, my creative plan is done because your checking account just changed or PPP loan that you just talked about is now no longer a deductible expense. And that just changed the financial plan because now I have to pay more taxes. Right.   So there's this constant circle of what happens where we're constantly looking at everything. And that's why I always tell clients, hey, we're not doing a financial plan because the financial plan is the date stamp we're done. We're doing financial planning. Financial planning is this thorough thing that keeps going and it's constantly evolving. Right?   Art Wiederman, CPA So when you meet with your clients, you do the initial plan and I want you to get a little more into exactly what you're doing. How often should a dentist meet with his or her financial planner after we do the initial plan?   Ryan Weigel, CPA, CFP So the initial plan is going to be, you're probably meeting six times from start to finish over a series of, it could probably be anywhere from, you could probably get it done as quick is four to six weeks or four to six months depending on how busy you are, how busy the planner is. But then going forward, there is no rhyme or reason, it's as needed.  I would say at a minimum, twice a year. I want to look in the spring how are my investments doing, how was my plan, what are my goals that have changed? And I better be looking at the end of the year too. You know, what are my tax implications? What do I need to do? Is there some retirement plan changes I need to make, have I updated my will, have I looked at my insurance lately? So at a minimum twice a year. But it could be 12 times. I mean, depending on each client, there's no specific rhyme or reason to it.   Art Wiederman, CPA Now you guys said there's four steps. How many of, you talked about the listening part. That's the first step, right?   Ryan Weigel, CPA, CFP Yeah. Yep.   Art Wiederman, CPA Where do we go from there?   Ryan Weigel, CPA, CFP Yes. Cause we're in the gather step. And in the gather is where we really sit down and we're trying to do not only the hard skills, the hard numbers, but the soft skills. So what is your actual net worth, their balance sheet look like. Then we're going to gather information. What insurance do you have? What investments you have? But that is a lot of the soft stuff. What is your goal? Is your spouse working? Does she have the ability to work? What do you want to do? Do you want to climb Mt. Everest in five years? Because that might change the impact or do you want to sell your practice for a ton of money at age 40. Or do you want to be a dentist, not care. Right.   So you got to gather the soft skills as well. Then we got to sit down. The third step is we need to analyze the data. We got to figure out what do you have. Right. And then our job from there is to create this because the fourth step would be to create this plan and create this fluid plan that keeps evolving. And then so right after we get done with the fourth step, which is great, you go right back into listening again.   Art Wiederman, CPA Yeah, and we see I want to talk about the mistakes, because we want to make people make sure that they don't get mistakes, they don't make mistakes. So what are the biggest mistakes you see working with your dental clients on financial planning?   Ryan Weigel, CPA, CFP The first one is that and then take this with a grain of salt for anyone who's listening, but they don't have a plan, right? That's the biggest one. And it's not that they don't want to Art. It's typically because they're busy running their practice. Right. There's only so much time in the day. They might have kids and might have employees and they got practice and everything's going on and on. And so this thing just gets kicked to the side, which is a reasonable thing to think about. But at the same time, it's so important that you have to do it. So that's absolutely first and foremost, the biggest issue I see is that we don't have one. They bought some insurance because they were told it was a good idea, but they don't know if it's a good idea because they don't have the time.   Art Wiederman, CPA So let's talk about insurance for a minute, because this is, we're just going to go all over the place here with this. Then we'll hit everything. You know, I have some opinions about insurance, but we have life insurance and we have disability insurance and long-term care. Really, those are those are the main food groups. Let's talk about life insurance.   So when you guys look at a client, how do you determine, let's just briefly get into how much do they need and what type of insurance do you recommend?   Zachary Schnitzler, CEPA, CLCS Well, let's kind of start at step one. I mean, what we are finding is in this industry, many folks are severely underinsured. And you know, that might even be with hypothetically one million dollars of death benefit, for example. It sure seems like a big number. You know, we use the word million in it. But when you calculate, let's say, income replacement for a 35 year old dentist. You know, how many years of income does that, we'll call it, you know, that person and that machine have for the rest of their career if something were to happen? And I'm not saying like a 35 year old needs to insure 30 years of income by any means. But all of a sudden, you know, using that example of, say, a million dollars doesn't go very far.   Art Wiederman, CPA No.   Zachary Schnitzler, CEPA, CLCS So that's piece number one is it does seem like the majority of people, dentists included, are many times vastly under insured and don't understand, you know, how many years of income they should maybe be thinking about replacing if the worst case scenario happened.   Art Wiederman, CPA And a lot of this Zach is that really depends on, you know, if I have a husband and wife and one of them is the dentist and the other one is not working, I'm going to need a lot more than if both of my doctors, both of my husband and wife, both of the people who are husband and wife, sorry about that, are both earning two or three or 400,000 dollars a year.   You know, I have an interesting thing that I want to get your take on this is, in my mind and I'm overly simplifying it. I like for a dentist, I need enough life insurance, because remember, isn't life we get life insurance is to two purposes. Number one is income replacement. And number two is estate needs, which at the moment, unless you get an estate of about 24 million dollars, husband and wife, if you do your planning right, is not an issue. Right?   Zachary Schnitzler, CEPA, CLCS Right.   Art Wiederman, CPA OK, so basically, I'm looking for enough money to pay off the mortgage, put a fund away for the kids for college, and then to have enough of a pot of money to keep potentially a non-working survivor's spouse able to live reasonably.   Zachary Schnitzler, CEPA, CLCS Right.   Art Wiederman, CPA Does that seem reasonable to you?   Zachary Schnitzler, CEPA, CLCS Oh, absolutely. And the big thing is Art. I'll ask you a question. I mean, if somebody, dentists or anybody else hypothetically say, passes away and their income was 300,000, could a non-working spouse go find a new job that pays 300,000 dollars a year?   Art Wiederman, CPA Highly unlikely.   Zachary Schnitzler, CEPA, CLCS Very highly unlikely.   Art Wiederman, CPA Unless they are also a dentist or another type of profession. Yeah.   Ryan Weigel, CPA, CFP Hey there's something I want to hit on that really quick, guys. One of the things I see is let's just go back to your same example. We've got a dentist practitioner and a non-working spouse. I always see this. The dentist practitioner has insurance, the spouse has none. And I ask well why? Because they don't make any money. But then I'll ask them this. Well, what is the non-working spouse do? Well, they take the kids to school and they make sure the house is taken care of. And they do all these things so that I can maintain my business and I can be the breadwinner. Right.   There's actually a need over there because if the non-working spouse parishes, if something happens to them, you either got to hire a nanny or you can't be as productive in your business, right? So you don't have to go and get oodles of money and millions of dollars. That's not the point. But there is actually a need for both people. And you see that quite a bit, actually.   Art Wiederman, CPA And obviously, buying life insurance is cheaper when you're younger than if you're older.   Zachary Schnitzler, CEPA, CLCS Very much so. It's crazy how it follows almost the perfect exponential curve.    Art Wiederman, CPA So the bottom line is we need enough money to cover a surviving spouse and the family if they if, God forbid, the dentist passes away. And then again, because we could spend hours on this. Are you term insurance? You have permanent insurance, maybe a little comment on what people should be looking at just in a high overview.   Zachary Schnitzler, CEPA, CLCS Yeah. So first and foremost, you know, the younger dentists term insurance is super simple, very inexpensive. You can get high limits for low premium. I definitely recommend that all have at least some of that. Permanent insurance, it's a podcast of its own I think. It offers lots of different advantages, like potential for tax free income. But it is absolutely not for everybody. And that is a case by case basis. So permanent insurance will have some cash value that comes with it, although a much higher premium.   One thing Art I do want to quickly mention is we're talking about having enough. What is enough? Right, how many? What's the multiplier of income some are there are some agents out there that I know that are literally trying to get as much as possible from the insurance company. Myself, I am in the ballpark of close to seven times income plus debt.   Art Wiederman, CPA Yeah, that's about right. I was going to say, you know, seven to ten, but yeah. So for example, doctors, you know, if you're making 300,000 dollars a year, that's 2.1 million dollars. Is that enough to pay off your mortgage, put the kids through college and have a pot of money available for your surviving spouse so that he or she does not have to work and can be focusing on the family? I don't know. You got to run the numbers, right guys?   Zachary Schnitzler, CEPA, CLCS There's no question it's a case by case basis. The good news is I hate to say that there's good news during the COVID-19 pandemic because nothing seems like good news. Right. A lot of a lot of doctors and dentists are scared almost of applying for these limits because it comes with a very, very challenging underwriting experience. Might have to give blood. Your might have to order medical records. Well, due to the pandemic, companies have increased what's called accelerated underwriting, where people can get up to five million dollars of life insurance immediately with an online health portal. So it doesn't, you know, somebody you don't know doesn't necessarily have to come to your house and put a needle in your arm to see if you can get these high limits.   Art Wiederman, CPA OK, and I talking about disability insurance, what I tell people is as much as you can qualify for, you have comments on disability.   Zachary Schnitzler, CEPA, CLCS Yeah, no question. I agree with you there. And it's usually close to 60 percent of income is about what these insurance companies will offer. However, in most cases, disability and insurance would pay out tax free. So we don't necessarily need a super high, you know, close to 100 percent by any means.   Art Wiederman, CPA What do you think about long term care insurance?   Zachary Schnitzler, CEPA, CLCS Well, for the, maybe the dentist on the second half of their career, it's a major issue in our world today of the cost of long-term care, whether it be nursing home, assisted living etc. You know, now we're talking after work life, right? We're planning for after it.   It's something that needs to be looked into. I mean, when I'm saying that it's a problem, it's costing just to get care upwards of 10,000 dollars or more per month. And it's going back to why we're doing this today, financial planning or planning for all aspects of life, short term and long term. It's all about asset protection. We're not necessarily, you know, don't need to talk to clients about, well, you want to go to a nursing home or do you want to do this? It's about protecting your assets. A six year stay at over 120,000 dollars in 2020 money, you know, not even counting inflation. It'd be 700,000 plus. And that's an issue.   Art Wiederman, CPA And how about this guys, not only for the doctor, but what about the doctor who's mother or father or both have not done a good job of saving and they need to go into a nursing home and you, the doctor, are the only child who has assets. Who's going to be paying for that? Do you see that happen?   Zachary Schnitzler, CEPA, CLCS Correct. Oh, absolutely. There's no doubt. One other thing to mention. Art you're a CPA. Ryan, you are as well. Long term care, buying long term care insurance can come with some fairly unique tax advantages as well.   Art Wiederman, CPA We're not going to get into that today because that will be a 12 hour podcast.   Zachary Schnitzler, CEPA, CLCS Like I said. Yeah, that's time for another podcast. These topics could all have their own at some point.   Art Wiederman, CPA Absolutely. So talk about student loan debt. And that is a big deal. In the United States, the average student loan debt is and again, this is all over the country, is somewhere between 250 and 300,000 dollars is what it costs to go to the average United States dental school. In California, we have, I tell this story occasionally at my lectures, and I probably told it on the on the podcast, is that I had two doctors come up to me. I was speaking at the University of Southern California Dental School, oh, gosh, about five years ago. And these two young men come up to me and say, Mr. Art Wiederman, thank you so much for your lecture. We both did four years of dental school here at USC, plus a general practice residency. We are 550,000 dollars each in debt. What do you suggest?   And my answer to them was, guys, if you go walk around the corner to Hoover Street, there's a 7-Eleven, they sell lottery tickets. Other than that, I got nothing for you. How do you approach student loan debt?   Ryan Weigel, CPA, CFP Well, that's one way of spin that.   Art Wiederman, CPA It works really well, I mean, yeah, it's not very good, but it is a way to do it.   Ryan Weigel, CPA, CFP So earlier when I discussed the gather meeting, which is our our second meeting with clients and their soft skills. This is some of the stuff that comes up. It's hey you're going to have to live like a college student for a few more years. I know you're making a bunch of money and I know it's great you want to you want to move on from that. You don't have the luxury to do that, unfortunately, because if we don't take care of the student loan debt soon, we don't have a game plan in place or plan in place for this stuff just keeps going. And the downfall is it's not like it's cheap interest.   The average loan, I think it's still like seven and a quarter. So you think about oh I can go get a house or a car right now in today's environment, two, three, three and a half percent. No, you're still at seven or seven and a quarter is the average and sometimes higher than that. So the only way to take care of student loan debt is to pay for it. That's first and foremost. The only way to pay for it is to have some detailed plan. And the easiest thing I've found for new grads for sure, is you have to just live like you're still in school. We just have to take care of it.   And, you know, we use a software, we've branded Eide Bailly Wealth One the meat and potatoes behind it is eMoney is the software we use. We can show what that means inside of a plan. And so once you can start to pictorially show that it kind of helps them understand. Yeah, I got to get this taken care of because if I don't get this taken care of that, then I can't get my retirement plan started. And if I can't get my retirement plan started, then I got to make a decision down the road of whether I need to buy long term care insurance or if I self-funded because I saved enough money along the way. Right. So it just keeps it rolling.   Art Wiederman, CPA Yeah. So this is why it's a, this financial planning thing is not a one time deal. It's on going because you're going to start your life out in your 20s. Doctors, most dental students, most folks graduate dental school somewhere between the ages of 25 and 30, give or take. You start later, you do it later. And at that point you might be single living with three guys or three ladies in an apartment somewhere and starting your life off as a dentist. And then the next thing you know, you get married, the next thing you know you have kids and next thing you know, you buy a house and you buy a practice. I have, I sell dental practices, guys. I have two 30 old dentists about four years ago, I sold the practice to. They had 800,000 dollars of student loan debt. They bought a practice from me for about one million, 250 thousand dollars. So they were two million dollars in debt at the age of 30 and they didn't even own a home, in Southern California.   Now, that's scary. So, again, in different parts of the country, it's going to be different. A home in Iowa is going to be different than a home in Southern California and the same thing with a practice. Let's get into, let's talk a little bit about estate planning, because, I mean, my experience, guys, is that you're looking at 60 percent of the people that I deal with do not have wills or trusts. I don't know what the, maybe your numbers are similar, but just some basics about why it's important and what people should be thinking about.   Ryan Weigel, CPA, CFP The numbers that you mentioned, 60 percent is spot on, I mean, 60 percent of the people don't. And it goes back to the thing I said earlier is that you get busy in your practice. It's just another one of those things that you're going to get to someday. The simplest thing to start with, just get a wil. Go to a respected attorney, ask your older peers if you're a multi doc practice who they use, go get some wills established, that's just first and foremost.   But then as you're a more seasoned practitioner and you're getting more towards a later time in life, you've got to start doing estate planning. Estate planning, you mentioned earlier Art, unless you have 22 million dollars, you don't have an estate tax issue. But it doesn't mean that you can't do estate planning and estate planning is simply sitting down and trying to understand how do I want to divide everything up upon my demise. Right. And how do I want it to escape probate? How do I want it to go efficiently and certain pieces like that. So. Depends on the life cycle you're in. First and foremost, but a will has to be done. You just got to get it done. And then probably the next thing is, once we get a little bit further on it, what is my estate plan regardless of my asset size? Zach, anything you would add to that?    Zachary Schnitzler, CEPA, CLCS Yeah, for sure. Well, I think a lot of people do think about estate planning is it's you know, a tax mitigation thing. And it's not at all. There is an estate tax. And about a year or so ago, we had a campaign called Estate Planning for the other 99 percent. Right. But it needs to happen. There are things that people need to do. And it comes down to if it's not on paper, it's not a plan. My, I work for, like you said Art, in my bio, on succession planning and whatnot and estate planning. I think we did a we did a study and said about 70 percent of people said they had an estate plan or a transition plan. And then what was funny is the next piece was 50 percent said it was in their mind, OK, if they have a plan here. But ultimately, it's not a plan if it's not on paper.   Art Wiederman, CPA Yeah, that's like that's like my 330 yard drive similar to Dustin Johnson. That's in my mind. I just can't get it to my driver. That's my problem.    Zachary Schnitzler, CEPA, CLCS There's no, it's a great analogy for sure. And as the only thing I can mirror as Ryan said is business owners and in this case dentists who own their practice, they're very good obviously at what they do. However, you know, they need help with things that like this that they aren't thinking about every day.   Art Wiederman, CPA So I'm going to take a break here, guys, and just share with everybody you. Yeah. Like I say, what I'm hoping this is going to do, ladies and gentlemen, is to be a call to arms to get some planning done. If you're working with an Academy of Dental CPAs member, if you're a client of them, you're in very good hands. They can handle that for you. If you're not, if you're not working with someone, if you haven't done any planning at all, I'm going have these guys give their contact information out and it'll also be in the show notes.   But what I want you to do is whether it's with your CPA, your financial planner, if you've got a great financial planner that you're working with, that's great. Let them do the plan. Call them up, call them up as soon as you hear this podcast and say, hey, Joe, hey, Susie, whatever their name is. You know, I've been thinking about it and I really want to get a plan on paper. And can you do that for me? And if you need some help, these guys can help you. So guys, give out your contact information if somebody wants to give you a call or email you.   Zachary Schnitzler, CEPA, CLCS Yeah, my direct number once again, my name is Zachary Schnitzler, direct number is 701.239.8567. And if you remember, Art talking about my last name, it's a doozy. So I think we'll just say check the show notes for my email. It is ZSchnitzler@EideBailly.com. It's a tough one to spell. I'd say if it were a batting average, it'd be somewhere around each year I was batting average in the three hundreds of people who get it right.    Ryan Weigel, CPA, CFP Yeah, mine. You can contact my office at 605.225.8783. My email is rweigel@EideBailly.com.   Art Wiederman, CPA Well I appreciate it. And guys again, folks, I don't care who you do your financial planning with. If you got somebody good, like I say, go to them, call them. This is what I want you to do. My podcast is about a call to action to all of you to make your lives better and make your family's lives better. It's really important. If you don't have somebody you're working with or somebody you trust, you know, these guys definitely can help you, though, they're at the top of the class.   Ryan Weigel, CPA, CFP Hey, Art, I just want to say one thing real quick. If there's two things you take from this, if you don't have life insurance, I don't care who you go to, just go get some life insurance number one. Number two go get a will taken care of and then loop back. Right. Because if you die and you don't have those things, good luck. So let's take care of those. And then if you need to go do the financial plan. I would suggest doing a financial plan first and foremost. But hey, if you want to call the action, those are two things that can really help people quickly.   Art Wiederman, CPA Alright, well, I want to jump in to two or three more things that we'll have time for. Retirement plans. I mean, we've talked about SEPs and Simple IRAs and Profit-Sharing plans, Defined Benefit Plans. I mean, we don't have time to get into all of that here. But I want to go over. This is interesting. We were talking about this before we went on live here, is how much money do you need to save by the age of 65 to save one million dollars? So guys, you kind of jotted that out. So if you start at different ages, walk through starting at 25, and then 35, how much do you need to save on an annual basis say starting at 25.   Ryan Weigel, CPA, CFP So if you're, so again, to get to the illusion of a million dollars. Right. This is assuming a 10 percent rate of return. If you're 25 years old.   Art Wiederman, CPA 10 percent?   Ryan Weigel, CPA, CFP Yeah. 10 percent return. So if you think of historical equities, 10 percent. If you want to go into 60 40 it's going to be much less than that. But this is a chart that we've used.  A 25 year old, 2000 dollars a year. That's it. 2000 bucks a year for 40 years. A 35 year old is 6000 dollars a year. 300 percent of the original balance. A 45 year old, you got to jump up to 16,000 dollars a year. 55 year old, you need 60,000 dollars a year. And then lastly, obviously, if you're 65, you'll need a million bucks that one year.   Art Wiederman, CPA And would it be right if someone wanted to be more conservative and say I'm only going to earn five percent those numbers are double, right?   Ryan Weigel, CPA, CFP Absolutely. Yeah. And just so you're aware, I wouldn't go out recommending that, hey, you should have a financial plan assuming 10 percent, because good luck, especially later on in life now. And when we do talk about hurdle rates and we do financial plans for people, what is my hurdle rate that I need to get at prior to retirement? What's my hurdle rate in the future? A lot of times we're using six to seven pre-retirement and four to five post-retirement. So these numbers I. Double this for sure, absolutely.   Art Wiederman, CPA Yeah, and again, most people who are 25 years old don't get the opportunity to start saving money. When you're, doctors, you're 25. You might be in your sophomore or junior year of dental school and you're on the student poverty plan. So, again, the sooner you can get in, the sooner you get into your own practice, the sooner you have the ability. And obviously for small business owners, including dentists guys, a qualified retirement plan is absolutely the best way to go, isn't it?   Ryan Weigel, CPA, CFP Absolutely. I'm going to get, typically, when you get a tax deduction up front, to get tax deferred growth, obviously you'll have to pick up the tax later on. But there's a lot of statistics out there. On average, it seems to be that if you have a taxable account, versus a tax deferred account, your rate of return can be upwards of 10 percent per year simply because of the tax savings over the long period of time. So absolutely.   Art Wiederman, CPA Well, and again, remember, folks, that, you know, 20 to 40 percent of the doctors who retire, they don't retire because they've saved enough money and they're ready to retire. They retire because they have a physical ailment. They have back, neck, shoulders. That's why ergonomics is so important in dentistry to make sure, exercise and stretching and yoga and all these things I talk to dentists all the time about this. But I have doctors getting to 55, 60, 65 and we probably get five to 10 calls a year from our clients. Art, I just I'm starting to feel something in my hands. I'm starting to feel something in my neck. I'm afraid I'm going to make a mistake. I need to retire, not because they want to, but because they have to. And if you don't do this planning, it's just so, so important to do this.   Okay, guys, let's talk about. Because of the disclaimer you gave earlier, what were there like 20 different names? But anyway, that's OK, we have to do that for legal purposes. Let's just talk on a 35,000 foot level. I mean, today the stock market is. Alright, let's see. So we have a new vaccine now. The Dow goes up a thousand points. The president tweets something, the Dow goes down 600 points. The commissioner of Internal Revenue says this. It goes I mean, it's there's no rhyme or reason lately for what's going on. So from a high level, what are you telling doctors as far as their investment philosophy? What a plan? How do you look at this?   Ryan Weigel, CPA, CFP The first philosophy is you have to have a philosophy. Right? So that can be, I mean, that could be anything. And there's a whole bunch of different philosophies out there. Some are active, some are passive, some are factor it can be whatever you want. But you better have a philosophy, better stick to it, because just as you alluded to, the markets go up, down, sideways. But that's probably the first thing.   The next area that I always see is they don't have what I like to consider broad diversification, they don't have any diversification simply because everything is owned within my practice, which somewhat makes sense. I've got a practice that is worth money. I've got a building is worth money. I make my money from my practice. And this is, this isn't just dentists. This is any small business owner or practitioner out there. So you gotta try to start thinking about how do we shift money elsewhere out of that to alleviate that risk and increase my diversification.   Art Wiederman, CPA And diversifications, I mean, ever since I've been younger, that's what you hear is you hear it's you know, you don't put all your eggs in one basket, you diversify and you don't watch and flip out if the stock market drops. And that's another thing that kills me. Everybody says, oh, the market was down a thousand points, no 30 stocks were down a thousand points, not one of their 10,000 different types of mutual funds and stocks you can buy. And you've got the New York Stock Exchange, you've got the Nasdaq, you've got the American Stock Exchange. You've got I don't know how many different exchanges there are.   So what they talk about on the news is the Dow Jones Industrial Average, which are large cap stocks, the 30 biggest stocks. That's not the market. So what do you tell your doctors as far as you know? I mean, we get into you know, we got into 2008 and we got into I mean, talk about March, the pandemic hit. What happened to the markets? And what were you telling your clients?   Ryan Weigel, CPA, CFP Well, first thing we were doing was we're calling them, scheduling a meeting with them and looking at their financial plan. If let's just hypothetically say someone has a million dollars all invested in the market and it went down 37 percent or 40 percent. So they have 600,000 now in their account and they say, what the heck is going on here? My next question is, when do we need this money? If you're a 45 year old doc and you don't plan to retire until you're 55 or 60, you still got a long term time horizon. Right?   And even if I'm going to retire at 55 or 60, I still hope to hell you're going to live a little bit further than that. So that means I still have an even further, longer time horizon. So it gets back to this plan. And what is my goal? My goal is to invest to grow. Well then do I really care what the short term happens? If the long term is that my projection is the markets can be higher in 10 years, but I care what happens in the next month. I'm going to care. But I don't want that to blur my vision of the long term, because if I don't think it's going to be higher in 10 years, why do I have any money in it right now?   So, I mean, it gets back to just having the conversation, it also gets back to, you know, plan, I'm a big believer in a form of budget. A lot of docs that we talk to get and most people get lifestyle. More money I make, the more I spend. Right. So you don't have to have a detailed budget, I don't really care if you're spending all your money on whatever it is. But just how much do you spend. Everyone spends money on different stuff. How much do I spend? Do I have some cash on hand to be able to alleviate any issues that might come up AKA March and April or my practice might have been shut down for a little bit of time. And if that's the case so I don't know if I'm as worried about my retirement accounts again. Right. So that's what I tell my clients. Knock on wood. So far, so good.   Art Wiederman, CPA Well, a couple of rules of thumb that I've used on this podcast and my lectures in my entire life. 65/25/10 rule folks. You live on 65 percent of what you make. You're going to pay about 25 percent of your income in taxes. And what do you do with the other 10 percent? We save it. I always talk about that. Unfortunately, I get some of my clients who live on the 90/25/minus 15 rule. We talked about this yesterday, guys, they spend 90 percent of what they make. They scrimp and they go into debt for paying their taxes and they're always behind. And the IRS is not a bank you want to use. And then the other minus 15 percent is credit card debt. I mean, talk about credit card debt and the work that you guys do.   Ryan Weigel, CPA, CFP Oh, yeah, obviously, you can't out earn bad spending habits, but if you make 100,000 dollars, and you're spending 110. Good luck. You're never going get out of debt.   Well, what we typically do with credit card debt as we sit down and we might look at refis. So do I have access elsewhere to refi. Do I have a house that I could refi? I don't want to take a loan that I could pay off in three years and now extrapolate it out to 15 years. All that does is create more of an issue for most people. But do I have access to anything that can burden the amount of interest and make it lower? That's typically where we're looking. Otherwise we're getting pretty detailed within my budgeting because that all comes back to budgeting, Art.   Art Wiederman, CPA Alright, as long as I can get all the sports networks on my cable deal and I'll pay for that, as long as you let me have that, I'll let you cut back everything else.   Ryan Weigel, CPA, CFP Well, I don't know. Hulu keeps going up.   Art Wiederman, CPA OK, I want to get to a couple more things, guys. Let's talk about saving for college. Again, I've got two boys that are 26 and 31. I am so proud of both of them of course. I talk about them on the podcast, you know, and I personally saved the money myself. I didn't set up these specialized 529 plans or anything. They didn't have them back when I was getting started 30, you know, 30 years ago. But I saved them and one went to art college in San Francisco. And that's not cheap. And that was Nathan. And Forrest went to Chapman University. He went to San Jose State the first year. I was thrilled to death. I was like 12,000 dollars a year out the door, including housing and everything.   Then he transferred to Chapman University, which is one of the best universities in the world. And then I just started crying. It was real sad. And but talk about how do you recommend doctors save for college? Are you looking at 529 plans? Are you looking at municipal bonds or are you looking at just winging it? You're probably not looking at winging it, but what are you talking, what should doctors be looking at as far as saving for college?   Ryan Weigel, CPA, CFP Yeah, there's two main pieces I'm looking at. A 529 and UTMA account. Or it doesn't have to UTMA (Uniform Transfer to Minor Act) it could just be a general savings account. The reason I use those two accounts is the 529 account is going to grow tax deferred and it's going to come out tax free to the extent that I have qualified expenses. And the IRS has been pretty good lately and they've expanded those qualified expenses. Um, the downfall is if I don't, let's say my kid doesn't go to school. Let's say you start saving this thing from when they're a year old. You're very fortunate and you put a big chunk away when they when they're born. Right. You have very good practice. You throw a bunch in. And it grows for 18 years. Now you got 100,000 dollars in there and the kid doesn't go to school.   Well, now, I going to take that out, not only subject to taxation, but a 10 percent penalty. I maybe could have put it in just a other account for them. I could have put it in a UTMA account or some other form of account that is not going to have a very high tax issue because there's some kiddy tax issues and we don't want to get into that. But I can get, there's some lower limits that I can get them money income tax free. And so it's a combination of those two accounts. That's really all I look at for clients. You know, you can do ESAs, you can do some of these other ones.   But 529 account, especially early on. Later on, if they're already sixteen years old. Well, you're not going to get a whole lot of growth when you're 16, your kid's going to school at 18. No matter what you're investing in, it's too risky to put it in stock market when they're 16 and all of a sudden your 100,000 goes to 50 and that's when you need to use it, not worth it. Right. Well, it kind of depends on the time frame of the kids, but those are the two accounts that I typically always recommend.   Art Wiederman, CPA And let's just clarify UTMA ask for a Uniform Transfer to Minors Act Account, which is an account, ladies and gentlemen, that allows you as the parent, I think it's up to age 25 now. Is it 25?   Ryan Weigel, CPA, CFP I think it's still 18 or it's dependent upon the state that you're in.   Art Wiederman, CPA It allows you as the parent to put money into an account in your child's name, but you can maintain control of it. And so and then the 529 plan is a, you know, virtually every state has one. In California where I'm at it's called Scholar Share. The money is managed by TIAA CREF, which manages the teacher's retirement. But every state's got one of them. And you put the money in. And most states it's not tax deductible. And some of them for state taxes, you get a write off, federaly it's not tax deductible and the money grows tax free forever. As long as when you pull the money out, you use it for its intended purposes, which is to send the kids to college.   Well, guys, this time flies by. Unfortunately, we're getting towards the end. So last thing I want to ask is there's several things that we've talked about. What do you see in your very successful dentists as far as their financial planning and their financial plans?   Ryan Weigel, CPA, CFP Well, first off, they've got a plan, that's first and foremost right, that they've got a plan. The second thing is probably what I alluded to just a little bit ago about the markets. They think long term, they don't think short term. That the planning that we do or anybody, any successful financial planner doesn't have to be us, it can be anyone. They do a good enough job. They're thinking long term. They're trying to have you focused on the future. Right.   The other piece is they know their numbers. Now, I always tell practitioners, I don't need to know how to do a root canal, but I need to know why you're recommending a root canal to me. So I just need to trust you that you're telling me the right thing. I need to understand why we're recommending it and why we're doing it. I need to know a little bit about it, but I don't need to know how to do the actual procedure. That's why I've got you. That's why I hired you.   But they ask the questions. They know the plan. They know their numbers. And probably the last thing is they use a group of professionals. They're using an attorney to help them. They're using a CPA. They're using a form of an advisor, you name it. They're helping. They're using people that help them. So those are probably the things I would say probably the most successful practitioners do. Zach, anything you would add to that?   Zachary Schnitzler, CEPA, CLCS Yeah. And specifically on the last bullet point, I call it the round table, OK? And successful professionals are going to have an expert in each field. And I also think it's important that all of these experts are also working together. It's not just individual to the specific dentist, it's they are on your roundtable and they are working together for your financial future.   Art Wiederman, CPA So doctors, I want you to use this analogy. I've been teaching for 36 years about the fact that your patients need to trust you and you need to care about them. Well, let's think about the same analogy of you working with a financial planner or a CPA or an estate attorney or an architect or someone who's going to paint your house. I mean, maybe that's not a good analogy. But the point is, is that, you know, we all have a good meter that we can monitor people with.   Again, if you're working with somebody who, you know, and you trust with your money, you work way too hard to just not look at your investment statements and not meet with somebody. So you've got to trust the person that you work with. So think about, all the things, doctors, that you do in your practice to elicit trust from your patients and then transfer that, the professional that you're going to work with, who's going to monitor, make and monitor your financial plan and help you get to the finish line. And that's what you really, really need to be doing.   Again, this is a call to action. You know, these guys are good. I've seen their financial planning program. It's really good. There's lots of really good financial planners out there. We want to give you information on the things that you need to be talking about, the things you need to be thinking about.   So we've come to just about the end of our time, guys. So one more time, give out your contact information and then we'll wrap it up. A lot of really, really good tips. We got to pretty much all the food groups today, I think. So, Ryan, how do they get a hold of you?   Ryan Weigel, CPA, CFP Ryan Weigel, 605.225.8783 or my email is rweigel@EideBailly.com.   Art Wiederman, CPA OK, and Zach?   Zachary Schnitzler, CEPA, CLCS Yeah, Zach Schnitzler, Insurance Specialist 701.239.8567 Just for the heck of it, I'll spell out the email at zschnitzler@EideBailly.com.   Art Wiederman, CPA Well Zach, if it makes you feel any better, the state of New York spelled my name wrong on my birth certificate. They spelled Wei instead of ie. So, you know, I don't bug anybody about their names.   But guys, hey listen, thanks for taking the time, giving this really, really good information. Ladies and gentlemen, please take action. Go get your planning done. Do it for yourself. Do it for your family. Again, I don't care who you do it with. If you got a good person you're working with it. If you've got an ADCPA firm your working with. You know, if you do great. If you got them and you trust them, work with them. If you don't, you know, give these guys a call, they can they can answer your questions. You guys will do a complimentary, you know, call up front to talk about the doctor's needs and stuff like that, right?   Ryan Weigel, CPA, CFP Absolutely. Correct.   Art Wiederman, CPA Sounds good. Well, and again, ladies and gentlemen, thank you for listening to our podcast. We're now over 100 episodes. I think this is number 102. And it is an honor and a privilege to present this information to you.   I do want to again remind you to register for our webinar series, www.EideBailly.com/dentalseries. And again, we're starting December 9th with tax planning and research and development credit. We're going to have several of the best dental management consultants in the company in the country coming on. I've got Jennifer Chevalier from Fortune Management. Gary Takacs, who you don't have to tell anybody who Gary is. I've got Kiera Dent. I've got Rachel Wall, who's one of the best dental hygiene consultants in the country.   We've got several of our folks from Eide Bailly talking about, these guys are going to be back. We're going to be talking about retirement plans, student loan debt. So it's going to be a killer series. I've been wanting to do this forever. And the fact that these dental societies have given me the opportunity to do that, it's an honor and a privilege. So make sure you register for that.   Go to our partner, Decisions in Dentistry magazine www.DecisionsinDentistry.com. They have a great website with great content. Their magazine is fantastic. There are up to date on all the COVID-19 protocols and consulting on what you should be doing in your dental offices on virtually every clinical topic. Their advisory board is a who's who of dentistry, not only in this country, but in the United States. What did I just say, not only this country, but in the United States, I'll be alright. Not only in this country, but in the whole world, actually.   And if you're not working with a dental specific CPA, you know, Eide Bailly is here.  My office is in Southern California. My number is 657.279.3243. My email is awiederman@EideBailly.com.  Give us a call. Again, if you're looking for a dental specific CPA anywhere in the United States, it's www.ADCPA.org.   Okay guys, stick around when we sign off, but thank you so much for your time and your great expertise, Zach Schnitzler and Ryan Weigel, really appreciate it, from Eide Bailly. I hope we gave you some great information today on financial planning.   And again, ladies and gentlemen, we're eight months into the COVID-19 pandemic, and I'm going to give you my same five word saying that I've been using since the beginning. Failure is not an option. Go out, manage your practice, manage your team, take world class care of your patients. And we're all going to get through this. You watch the news, you see Pfizer and what was it, Pfizer and Moderna. And I believe they're the two companies. They're getting pretty darn close to having a vaccine. And it sounds really promising. And, you know, life's about hope.   So we're all going to get through this. 2021 is going to be a better year for everybody. So with that, folks, thank you again. Please tell your friends about our podcast. And this is Art Wiederman for The Art of Dental Finance and Management with Art Wiederman, CPA signing off. Thanks for listening and we'll see you next time. Bye bye.     Show Notes and Resources:   Eide Bailly’s Dental Practice Solid Financial Future for Dentists Decisions in Dentistry magazine ADCPA Planning for Financial Independence While Building Your Dental Practice Reducing Your Dependency on Insurance in Your Dental Practice (Webinar Recording)   Guest Info:   Ryan Weigel, CPA, CFP Financial Advisor rweigel@eidebailly.com   Zachary Schnitzler, CEPA, CLCS Insurance Specialist zschnitzler@eidebailly.com   Eide Bailly Financial Services   [photos on website]  

Today’s guest grew up and played lacrosse in Wilton, CT, winning two state championships during his time there and finishing his four-year high school career with a 46-1 record as the starting goalie. After high school, he went on to play lacrosse at Ithaca College. After graduating, he spent 11 years on the American Stock Exchange, trading and brokering equity derivatives. He left "The Floor" and earned his Masters in Sport Psychology. Since then, he has consulted with professional and amateur athletes alike, implementing mental conditioning programs in a variety of sports. He has consulted college teams from Brown, Harvard, and Yale.  The Sport of School Academy has gone on to elite schools such as Cornell, Dartmouth, Notre Dame plus many more. Today we are going to discuss his newest book-The Sport of School: Help Your Student-Athlete Win in the Classroom.

Stephen Kalayjian, Chief Market Strategist and Co-Founder of Ticker Tocker, has over 30 years of experience in the industry trading stocks, futures, and currencies, having begun his career at the American Stock Exchange in 1983. In 2005, Stephen founded his firm to research and develop software to help identify trends, reversals, patterns, and divergences in the marketplace for all asset classes and time frames. Stephen seeks to generate high alpha trading ideas throughout the day. He and his team employ technical analysis through utilizing the proprietary charting software he developed on Ticker Tocker to forecast the market. Stephen has traded nearly 2 billion shares over his career.   “If you’re gonna invest or trade, you got to have discipline.” Stephen Kalayjian   Worst investment ever Thirty-seven years ago, before Stephen started working at the American Stock Exchange, he was making $2.10 per hour cutting grass, cleaning windows, washing cars, cleaning basements, and garages. He just did whatever he needed to do to survive. After about 1,500 hours of work, Stephen had a little over $3,000 saved up, and he wanted to invest it. It was while working at the floor of the American Stock Exchange when Stephen opened an account at his father’s friend’s brokerage and bought 550 calls, i.e., he bet that the stock was going to go higher. The novice trader Stephen only focused on the assumption that the stock could go higher, but he never knew about premium depreciation. He had no idea that if the stock went down, the call option would go down too. Over the next couple of weeks, the stock started to drift lower, and right before Thanksgiving, the stock got worse. Right around Christmas, Stephen was broke beyond broke. His entire investment had gone down to zero. Lessons learned It’s ok to be wrong Nobody wants to admit when they’re wrong. What they don’t realize is that it’s ok to be wrong because we are all human. We learn from the mistakes we make. No one’s bigger than the market Adhere to the preservation of capital and discipline. Andrew’s takeaways Take risk management seriously If you cannot afford to lose money, then you should not gamble. Be more careful and take risk management seriously. Discipline is a critical thing You cannot just roll the dice when you feel like it. Have discipline when trading to avoid losing your money. Actionable advice The key to success when trading is discipline. Just as you employ discipline in other areas of your life, you need to have discipline when trading so that you know when to keep going and when to quit. No. 1 goal for the next 12 months Stephen’s number one goal for the next 12 months is to inspire people to learn the right way with Ticker Tocker. His goal is to help people change their lives. Connect with Stephen Kalayjian LinkedIn Twitter Facebook Instagram Website Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points Andrew’s online programs Valuation Master Class How to Start Building Your Wealth Investing in the Stock Market Finance Made Ridiculously Simple Become a Great Presenter and Increase Your Influence Transform Your Business with Dr. Deming’s 14 Points Connect with Andrew Stotz: astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast  

Refilwe Moloto speaks to Professor Adrian Saville of Cannon Asset managers about the impact of the US Senate this week passing a bill which could force Chinese companies to delist from American stock exchanges.

Our guest is Adeel Saeed, veteran cybersecurity expert, technologist, and former CISO at State Street, previously having worked for organizations including the London Stock Exchange and the American Stock Exchange. Our conversation centers on Adeel's mantra of planning for resilience and eventuality amid a growing range of global threats — in the cyber realm and beyond. He shares his experience after 9/11, how it's informed his approach to preparing for the worst, and how sometimes, luck plays a part in disaster recovery. We'll get his views on threat intelligence, and learn why he thinks now is a great time to join the cybersecurity industry.

Our guest is Adeel Saeed, veteran cybersecurity expert, technologist, and former CISO at State Street, previously having worked for organizations including the London Stock Exchange and the American Stock Exchange. Our conversation centers on Adeel’s mantra of planning for resilience and eventuality amid a growing range of global threats — in the cyber realm and beyond. He shares his experience after 9/11, how it’s informed his approach to preparing for the worst, and how sometimes, luck plays a part in disaster recovery. We’ll get his views on threat intelligence, and learn why he thinks now is a great time to join the cybersecurity industry.

In this presentation, we discuss the major stock market exchanges including the New York Stock Exchange, the American Stock Exchange (now called the NYSE American), and the NASDAQ, as well as the less reputable over-the-counter markets such as the Bulletin Board and the Pink Sheets (now called the OTC Markets). What we will see is that technology and the urge to consolidate are changing the industry at breakneck speed.

Alex Herrera is a multi-faceted, seasoned financial services professional, entrepreneur, investor, and CEO/Operator with over twenty-five years of corporate leadership and startup experience. A visionary, creative and results-driven leader, Alex has demonstrated a strong and consistent track record of managing risk while generating high-growth returns on investments under his management. His analytical, communication and interpersonal sales skills, honed over time, have resulted in a unique reputation for identifying integrated financial and business solutions to complex business problems and marketplace opportunities both quickly and effectively. Alex is a former member of The American Stock Exchange and The New York Stock Exchange, and served as Senior Floor Official for the NYSE. As Senior Managing Director for leading Wall Street firms such as Bear Wagner and Labranche & Co., his responsibilities included leading all trading operations, setting strategic direction, ensuring compliance and enhancing overall company profitability. In his last corporate position heading Labranche, Alex was responsible for $800 million of assets under management and led a staff of 300 professionals. Since leaving Wall Street, Alex has built a successful consulting/Third Party Marketing business that marries early stage companies seeking funding with raising capital for multiple software startup companies, private equity and hedge funds. To date, he has raised over $200 million across numerous projects in many tech product and service segments. Most recently, in the summer of 2018, recognizing the likely passing of the Farm Bill Act and the enormous opportunity in the CBD industry, Alex launched Palm Organix and has grown the company to become a leader in the retail, ecommerce and wholesaling of Premium ZERO THC CBD products. A graduate of Pennsylvania State University, Alex holds FINRA licenses 4, 7, 24, 55 & 63. http://www.palmorganix.com/

Alex Herrera is a multi-faceted, seasoned financial services professional, entrepreneur, investor, and CEO/Operator with over twenty-five years of corporate leadership and startup experience. A visionary, creative and results-driven leader, Alex has demonstrated a strong and consistent track record of managing risk while generating high-growth returns on investments under his management. His analytical, communication and interpersonal sales skills, honed over time, have resulted in a unique reputation for identifying integrated financial and business solutions to complex business problems and marketplace opportunities both quickly and effectively. Alex is a former member of The American Stock Exchange and The New York Stock Exchange, and served as Senior Floor Official for the NYSE. As Senior Managing Director for leading Wall Street firms such as Bear Wagner and Labranche & Co., his responsibilities included leading all trading operations, setting strategic direction, ensuring compliance and enhancing overall company profitability. In his last corporate position heading Labranche, Alex was responsible for $800 million of assets under management and led a staff of 300 professionals. Since leaving Wall Street, Alex has built a successful consulting/Third Party Marketing business that marries early stage companies seeking funding with raising capital for multiple software startup companies, private equity and hedge funds. To date, he has raised over $200 million across numerous projects in many tech product and service segments. Most recently, in the summer of 2018, recognizing the likely passing of the Farm Bill Act and the enormous opportunity in the CBD industry, Alex launched Palm Organix and has grown the company to become a leader in the retail, ecommerce and wholesaling of Premium ZERO THC CBD products. A graduate of Pennsylvania State University, Alex holds FINRA licenses 4, 7, 24, 55 & 63. http://www.palmorganix.com/ This episode is sponsored by Palm Organix™. Palm Organix™ is serving only the best CBD products, produced from local hemp grown in Colorado. Use discount code DOCTORD to get 10% off Palm Organix™ CBD products.  Follow this link to purchase with the discount code: https://www.palmorganix.com/?rfsn=3367332.b44ca7

Overview The Stevens Group is pleased to present a new podcast series that salutes the masters of public relations and revels in their observations, insights and advice to PR professionals.  This new series is part of the ongoing partnership between The Stevens Group and CommPRO to bring to PR, digital/interactive and marketing communications agencies the wisdom of those who have reached the top of the PR profession.     About Our Guest Shelley Spector, Co-Founder of The Museum of Public Relations & President, Spector & Associates Named as one of the “most innovative” professionals in the field, Spector has produced award-winning campaigns for some of the world's top corporations, including AT&T, Bayer, ITT Corporation, Forest Laboratories, Harris Corporation, and Philips. Spector co-founded the firm in 1991. Within the first year of operation the firm was awarded the Gold Creativity in Public Relations Award for client Embassy Suites.  Since then, the firm has won more than 50 national awards for a variety of Fortune 100 companies. In June 2018, she was presented with the Phil Dorf award for leadership and mentorship at the PRSA New York Big Apple Awards. Prior to co-founding the firm, Spector worked in financial relations for Hill & Knowlton, RuderFinn and Lobsenz-Stevens. She also served as press director for the American Stock Exchange. In 1997, she co-founded the Museum of Public Relations, the world's first and only museum dedicated to preserving and exhibiting the history of the field. It is a 501(c)(3) educational institution, chartered by the New York State Department of Education. Spector serves as an adjunct professor for the graduate Corporate Communications graduate programs at both Baruch College and NYU. She is a frequent guest speaker at academic, industry and corporate events, talking on subjects ranging from “PR in History” to “The Diversity Imperative,” to “Developing Big Ideas.” She is author of “Public Relations for the Public Good” and co-editor of the upcoming book, “Diverse Voices: Profiles in Leadership,” with the PRSA Foundation. A graduate of the Journalism program at the University of Rhode Island, Spector earned an M.S. in Radio/TV/Film at the Newhouse School, Syracuse University.

Chris Willenken joins the show to talk about his early career in high frequency trading as well as his love of the game Bridge. Chris is one of the world’s leading contract Bridge players. A Grand Life Master, Chris has many high finishes in major international events. Highlights include five North American Championships and a silver medal at the 2018 World Championship. Chris has over two decades of proprietary investing experience, including time on the American Stock Exchange floor, on a leading high frequency trading desk, and as a personal investor in startups and limited partnerships.

This week on The Authentic Woman, Shannon’s guest is Laura Pedersen. The two will discuss Pedersen’s memoir, Life in New York, about three decades of living in New York City. Her life in NYC began when neighborhoods that now feature chai bars, Pilates, and Gymboree were drug dens, ganglands, and shantytowns. Pedersen has experienced NYC in the best and worst of times. We will discuss her hilarious trip down memory lane, incuding becoming – at age 20 – the youngest person to have a seat on the American Stock Exchange. The Authentic Woman with Shannon Fisher explores personal, political, and societal perspectives of the female experience in America. The show delves deeply into the worlds of women writers, artists, celebrities, and community leaders and offers listeners food for thought on ways to better themselves and the world around them. Follow Shannon on Twitter: @MsShannonFisher. Copyrighted podcast solely owned by the Authors on the Air Global Radio Network, LLC. #LauraPedersen #LifeInNewYork #AuthorInterviews #Authors #Writers #Writing #Books #AuthorsOnTheAir #Radio #Podcast #ShannonFisher #MsShannonFisher #Women

In 2000, Reverend Thomas Johnson and his son, Thomas IV, became the first African American father & son duo to hold simultaneous membership in the NYSE. In 1974, Reverend Johnson also became the first African American member of the American Stock Exchange. Their careers, in many ways, were similar to the thousands of people who worked alongside them, but the Johnsons, father and son, were also were trailblazers who smashed through barriers on their way to Trading Floor success. Inside the ICE House: https://www.theice.com/podcast/inside-the-ice-house

Today's episode is about money, specifically your money. Now, if we're going to take a break from interviewing astronauts, Navy SEAL's, NFL surgeons and cutting edge researchers to do an episode on investing, you can bet we we have a very specific reason for doing so. You can also bet we have a rare and unique guest. That guest is renowned Economist, Burton Malkiel. You can google him later but here's a quick CV highlight reel: PhD from Princeton, Harvard MBA, author of 12 books and more than 150 articles, dean of the Yale School of Management, member of the President's Council of Economic Advisers, corporate board memberships including Prudential Financial , the American Stock Exchange, and the Vanguard Group. At 86 years of age he isn't stopping and currently serves as chief investment officer at Weathfront. All very impressive you say, but what does this have to do with me? Well, Burton is also the author of one the most influential investment books of all time. First published over 45 years ago, “A Random Walk Down Wall Street,” has sold over 1.5 million copies and is now (as of Jan 2019) in its 12th edition. When it was first published in 1973, Burton called B.S. on the performance and excessive fees charged by professional money managers and other experts. He imagined a better, low cost investment tool that did not yet exist. Three years later that changed and today this simple investment tool is the vehicle of choice for 40% of the total invested stock market. Even Warren Buffet (the oracle of Omaha and one of the extremely rare few to actually outperform the market) now recommends this tool for investors. What is this tool and how did Burton Malkiel's ideas transform the financial world? How have his ideas become a sort of placebo control virtually no one can beat over the long run? How can an 86 year old economist help you avoid the time and money wasting decisions so many have, and will continue to make? Let's find out, and with that said, let's get started...

Visit us at divorceandyourmoney.com for the #1 divorce resources in the USA and get personalized help. Learn about coaching services here.   Thank you for listening! Find a transcript of this episode below.   A subject that's been coming up a lot recently in coaching calls is stock options, and many of you have them and you may not realize it, or you do know they exist, but you're trying to figure out what you should do with stock options. And stock options are actually a pretty complicated subject. They're one of the most complicated financial instruments even when the divorce process isn't involved. And when you add divorce on top of it, trying to decide what you do with the stock option, whether you keep them, split them, how do you negotiate for them? They're tough.   I remember when I was much younger, I still have on my bookshelf an old book about stock options and it is one of the hardest to read books that I've ever purchased because they are a very complicated subject. But because it's the podcast, I'm going to, of course, simplify it for you and try and make it as easy as possible. And I want to give you an overview of stock options, what to think about with them in the divorce context.   Some of you may have them and not realize you have them. Some of you might not have them at all, and which point this episode might just be some general education on stock options, or maybe you know someone who's a friend who has them. But I'm going to go through kind of what they are, how they work, why they're important. They're one of those assets in divorce that if you have them, they can be very, very valuable. In some cases, I've had cases were stock options are the most valuable asset in the divorce and other times, stock options can be worthless. They are a very fascinating subject in that regard.   But let's start with the basics. And by the way, in my book, Divorce And Your Money, The No Nonsense Guide, I have a short chapter on stock options that explains what these are and why you need to be thinking about them. What stock options are, I call them stock options or employee stock options, it's a form of compensation and basically, it gives you a right but not an obligation to buy a certain number of shares in a company, in the company that you work for usually, at a specified price.   Now, what does all of that mean? It basically means that stock options give an employee the benefit or give employees the opportunity or the ability to benefit when a company goes up in value. Stock options also give an incentive for an employee to stick around at a company rather than leave. And the way it does that is it says, "Hey, you get a certain percentage or you can buy shares of stock at a discounted," I won't call it a discounted price, but you can get stock in this company and appreciate in its growth.   And if you are or your spouse is an executive in a company, but don't have to be an executive, can be at many different levels, but most of my clients are generally executives or pretty high up in a company when they think about options. You can have these stock options there and it says you're a part owner in a company, basically. There's some specific mechanics to it that make them a little bit more complicated than just being a normal owner, but they basically give you ownership.   And if you're at a public company, in a company will usually have thousands of employees, it has a stock market ticker. You can look up the price for it. I know lots of people who have stock options at public companies. They're a very common form of compensation. Actually, even when I was working at my very first job out of college, I was working at JP Morgan and they gave stock options basically to everyone as a form of compensation and to keep you at the company longer. You get a big bonus of stock options.   And then if you work at a private company, and so this is the private company side is actually pretty complicated when it comes to stock options, but if you work at a private company like a tech startup. At the time of this recording, I'll give you an example of a big name. Uber is a tech startup that you've all heard of. Well, most of their employees have lots and lots of stock options that could be very, very valuable. They are a sign of ownership in the company and it's a big form of compensation for the company.   And so at the end of the year, or at a certain time during the year, a company might say, "We're gonna give you part of your bonus in cash and part of your bonus in stock," and those stock are usually in the form of options. Now, the reason options are tricky is because of something called vesting. I'm not going to get into all the mechanics of vesting because it's just so complicated and it really varies on a case by case basis. But just because you have these stock options doesn't mean you have ownership in the company yet. As I said, they're still called options.   And because of this term vesting, it's basically just says that you don't own, you don't get a full value of your options just because you have them. You might get your options awarded to you the longer you stay at a company. So if you got $100 worth of stock options, well maybe only $10 have value today, but if you stay at the company for five years, you earn the rest of that money and you get the full value of those options.   So the point is that, I know this is difficult to grasp, but stock options are a piece of ownership in a company. They have a vesting schedule, they call it, but they vest and so you earn that ownership usually the longer you stay at that company over time. And if you leave the company before your stock has vested, that stock becomes useless.   That's not a point we're going to get into for the sake of this episode, but oftentimes in negotiations, when you're thinking about stock options and what you should do with them, if you or your spouse or whomever is going to leave the company with unvested stock, then that will become useless to you. Something very important to think about as well.   So whenever you have stock options, you're going to need to know that they exist and also you're going to need to know their vesting schedule. Now, that's just some basics on the stock options. Now, the real question is, what happens in a divorce context? The real thing to understand in a divorce context is the way you treat stock options in divorce varies substantially on one factor.   And that is, if your spouse is working for a private company, a company that's not listed on a stock market, whose shares don't trade every day, then the way you approach stock options in divorce is very different than if your spouse works for a public company. If your spouse works for a company like Bank of America, or Walgreens, or Best Buy or Walmart, or any number of big companies, there's also tons of publicly traded companies you may have never heard of before, but you can go online, you can look up their stock symbol, and you'll see a specific price for the share.   If your spouse works for a publicly traded company, then stock options are much, much easier to deal with. If your spouse works for a private company, then the stock, or you I should say, then the stock options are much more complicated in terms of how to split them in the considerations you should be thinking about as you try and figure out what to do with them.   Now, I was going to start with a public company example. So when I worked at JP Morgan, they gave stock options a lot. And basically, you can go online and you can type in, you can go to Yahoo Finance or Google Finance. You can type in "JP Morgan stock price" and you can look up the exact value of what each stock option is worth. And so if I had 10 ... So as of the time I record this, JP Morgan stock is worth about $100. Very easy. It's good for our math.   Let's just say they gave me a 10 shares of stock as part of my bonus. They actually give much, much more than that, but let's just say they gave 10 shares of stock as part of my bonus and options. And so I have 10 shares of stock at a stock price of $100, which means I have $1,000 worth of stock options. Well, if you are trying to figure out what to do with those stock options, that is a pretty easy thing to figure out because one of the biggest challenges with any asset is trying to figure out what it's worth.   Well, with a publicly traded stock, you know what the stock price is, you know how many shares of stock you have, and you just do some basic math and you come up with a value. In my case, I've got 10 shares of stock at about $100 a share. So I've got $1,000 of stock that I would have to split. Not much fancier than that. The only thing that's complicated is usually the math isn't that easy, but it's not much harder than that.   Where the complication comes is if your spouse works for a private company, and I've actually had this discussion on calls quite a bit, is the difference between a private company and a public company. Just so that you know, is private companies aren't listed on a stock exchange like the New York Stock Exchange, or the American Stock Exchange, or the Nasdaq or whatever. And so the value of the company isn't traded every day. And if you want to ... You can't just look up how much the company is worth.   A public company has a share price and you can buy and sell the stock every day, but the good thing about a public company is you can always look up what the market value is at any given time. With a private company, it might just be a few people who own it, might just be the employees who own it, or might just be an investment firm that owns it, and they won't necessarily tell you the exact value. And so when you're dealing with private company stock, the considerations get much, much more complicated. The reason is you don't know how much that stock is worth. The challenge with private company stock is valuing it. Private company stock, I'm not going to get into all the mechanics of it because it's way beyond what we could do and talk about in an episode that's useful to you, but one thing to consider, one thing that's weird about private company stock is it has no value until someone gives it a value. Now what does that mean?   Well, you can have private company stock. You can have 10,000 shares of private company stock that's worth one penny a share. So in theory, it's not worth that much, but what happens is with private companies, they might raise money from investors, in which case that penny a share that I talked about could become worth, all of a sudden, $2 a share instead of a penny a share. And so what was almost worthless before is now worth millions of dollars.   Or if that company gets bought, or if that company does any number of different transactions, those stock options, while initially on paper aren't worth anything, could become very valuable in the future. Private company stock is very weird in that regard. And when we think about it in a divorce context, it's one of the areas that causes a ton of complication because of this very issue. I had to work with a lot of attorneys on it, a lot of clients directly, and educate you that private company stock is a very complex area and thing to deal with and you have to be careful with it.   Let's just go through quickly what the difference is between private and public company stock in a divorce context and how you think about what you should do with it and try and come up with the best decision for you. If you have a public company stock or the company's traded, you can look up its value, you know the value. The value is clear. There's no real reason to split the stock and go through the complicated splitting process for stock options. It's usually not worth it.   Best thing to do is the person who has the stock keeps it. The person who doesn't have the stock gets credit for it, and you give up a little bit more of another asset to make up the value. But that's it. When it comes to ... It's simple. You treat the stock like a car. If you really want part of a publicly traded stock or you really wanted to split it, here's what I always say.   You can open up an e-Trade account, or a TD Ameritrade account, or a Schwab account or whatever and in five minutes, purchase that publicly traded stock. It's a very easy thing to purchase and there's no reason to add thousands of dollars of fees and complication trying to split publicly traded stock most of the time, or stock options most of the time. It's just not worth the effort. There's so many simpler ways to deal with it than splitting it.   When you're dealing with a private company stock, that is a very tricky area because we don't know what the value is. And so in general, most of the time when we're dealing with private company stock, you split it in half or you split it in whatever proportion you're splitting the assets. The reason is private company stocks value can fluctuate so quickly, so instantaneously that if you don't take your half the value, you could end up losing out quite a bit.   And there's definitely a lot of complications around it because it depends on how big the private company is and the mechanics of splitting the stock, et cetera, et cetera, but what the current value is of that stock. But many times, I see cases where the spouse who has stock options says, "Oh, these are worthless. We don't need to worry about the stock options. Let's just move on." And in theory, at the time they say that, they actually might be true, but the reason they have stock options is because they could have a lot of value later.   And so at this private company, it's a tech startup or whatever. I had a case like this this year where the person works at a tech company, the stock options aren't worth very much, but all of a sudden, a big investment firm in the middle of the divorce process, thankfully, comes in and says, "Hey, we're going to buy this company." And all of a sudden, those stock options which were worth a few thousand dollars at best, became worth hundreds and hundreds of thousands of dollars overnight and became a much bigger issue.   It sounds weird because it is, but that's also how stock options work, is oftentimes their value can fluctuate substantially, particularly with private companies where they're fast growth, valuing them as very, very difficult. And so the easiest way to get around that is by just splitting them evenly and therefore no one can lose out.   I'll give you another example, is if you are, say your spouse have stock options and the stock options are currently worth $1,000. Well you say, "Oh, I'm going to skip the stock options. I'm just going to get my share in the house and move on." Well, what if two years from now those stock options are worth a million dollars? How are you gonna feel about that? It's such a weird example, but that's how stock options can work.   Now also on the opposite side with stock options, this is something to consider, is they can also lose value. So you could say, "Actually, I want my share of those stock options," and it turns out the company goes bankrupt and they're worth nothing. So that's also a consideration as well. The point is there's a lot to think about if you have stock options. And if you're in the divorce process, you need to make sure you know that they exist and you really need to think through all of the different scenarios that could happen with these stock options so you can figure out, well, what is the best course of action for you later down the line with the options?   There's a lot of creative solutions that you can come up with for this very complicated asset. I hope I gave you a basic overview. It's not an intuitive subject and it's tough to explain and tough to explain clearly, but give you a basic overview of stock options. And if you have them, it's definitely an area, whether you have them or your spouse has them or you think you have them, it's definitely an area where you need to raise a red flag, make sure everyone has clear information as to exactly how they work, and from there, there's a lot to be thought about in terms of the divorce process, in terms of stock options and what the best strategy is for handling them.   It's an area that most attorneys, actually, I know aren't super well equipped to handle. Some are. There are definitely a handful of great attorneys out there who are super financially savvy who know the ins and outs of stock options better than me, but the average attorney off the street, certainly not. And actually, even many financial advisors, even good ones, don't know how to handle stock options well. And there's only a handful of people who really have good expertise in the stock option world.   If I were actually going to ... I'm going to leave you with a nugget. I love to give you resources and things to check out. One area or one person who's very, very good with stock options is a certified financial planner, a CFP. If you or your spouse have stock options and you're thinking about what to do with them in divorce, of course you can call me.   But there's also local certified financial planners who can help you think about the calculations, walk you through all the ins and outs of stock options in your specific scenario, and help you figure out, what are the best courses of action given this highly complicated, highly unusual asset that actually, a lot more of you have and you don't even realize that you have it or maybe you have an inclination that you have it but haven't really given thought to it in the divorce process.   So you can get a CFP, certified financial planner, contact me, or make sure you have an attorney who is very savvy in terms of the ins and outs of stock options because they are one of the most complicated areas for you to think about.  

The Trouble with Darwin with Laura Pedersen Sunday, October 21, 2018 Charles Darwin is arguably the most influential writer of the past 150 years. Publication of his theory of evolution through natural selection in 1859 revolutionized the world in ways that we are still building on and also reeling from. The interconnectedness of all living things presented enormous implications and complications for religion, science, politics (especially slavery) and even the arts. This was in addition to conflicts within Darwin himself and his own family. Darwin (1809-1882) had a Unitarian background and married Emma Wedgewood, an enthusiastic supporter of his work, who also had a Unitarian upbringing. No prior knowledge of Darwin’s theory is necessary. Laura Pedersen is a bestselling author, playwright, and former columnist for the 'New York Times.' She was the youngest person to hold a seat on the American Stock Exchange, and in 1994, President Bill Clinton honored her as one of ten outstanding young Americans. She had a TV show on the Oxygen Network, and has appeared on 'Oprah,' 'David Letterman,' 'Good Morning America,' 'Primetime Live,' 'The Today Show,' 'CBS This Morning' and other national programs. She has performed standup comedy at The Improv and writes for several well-known comedians. Pedersen was voted one of the ten best speakers in the US by Meeting Planners International and has headlined at the Bakersfield Business Conference, ATHENA Awards, F. Scott Fitzgerald Society, and the 92nd Street Y in Manhattan. Her most recent book, Life in New York, won the Seven Sisters Award for best nonfiction. Laura is a lifelong Unitarian Universalist, an ordained Interfaith minister, and a longstanding member of All Souls who has frequently presented sermons and adult education programs here.

The Trouble with Darwin with Laura Pedersen Charles Darwin is arguably the most influential writer of the past 150 years. Publication of his theory of evolution through natural selection in 1859 revolutionized the world in ways that we are still building on and also reeling from. The interconnectedness of all living things presented enormous implications and complications for religion, science, politics (especially slavery) and even the arts. This was in addition to conflicts within Darwin himself and his own family. Darwin (1809-1882) had a Unitarian background and married Emma Wedgewood, an enthusiastic supporter of his work, who also had a Unitarian upbringing. No prior knowledge of Darwin’s theory is necessary. Laura Pedersen is a bestselling author, playwright, and former columnist for the New York Times. She was the youngest person to hold a seat on the American Stock Exchange, and in 1994, President Bill Clinton honored her as one of ten outstanding young Americans. She had a TV show on the Oxygen Network, and has appeared on Oprah, David Letterman, Good Morning America, Primetime Live, The Today Show, CBS This Morning and other national programs. She has performed standup comedy at The Improv and writes for several well-known comedians. Pedersen was voted one of the ten best speakers in the US by Meeting Planners International and has headlined at the Bakersfield Business Conference, ATHENA Awards, F. Scott Fitzgerald Society, and the 92nd Street Y in Manhattan. Her most recent book, Life in New York, won the Seven Sisters Award for best nonfiction. Laura is a lifelong Unitarian Universalist, an ordained Interfaith minister, and a longstanding member of All Souls who has frequently presented sermons and adult education programs here.

Lillian Vernon had no formal business training but that didn’t stop her from starting her own business selling mail-order handbags out of her kitchen. An ad placed in Seventeen magazine for personalized purses and belts would lead to a multi-million dollar operation. Vernon would later become the first female-founded company on the American Stock Exchange. Sponsors! Halo Top - Halo Top is available nationwide. Find your pint at HaloTop.com. Follow them on social media @halotopcreamery. Ritual - Go to Ritual.com/WOMEN to sign up and learn more about Ritual vitamins. The Great Courses Plus - Get a full month of unlimited access to The Great Courses Plus for FREE at TheGreatCoursesPlus.com/Women.

Sander Gerber's Hudson Bay Capital has been sailing unmoored by the troubles that have beset most hedge funds this year, and that is due to the Hudson Bay "system," a rigorous method for "avoiding beta." In this episode, Sander talks about that method and how Hudson Bay makes its investment decisions. Hudson Bay Capital Management LP is an absolute-return, multi-strategy alternative investment firm, and Sander is its CEO and Chief Investment Officer. He became a member of the American Stock Exchange in 1991, acting as an options market maker. In 1997, he founded Gerber Asset Management LLC to develop and engage in proprietary investment strategies. In 2005, he founded Hudson Bay, which absorbed Gerber Asset Management's business. Sander graduated from the University of Pennsylvania and The Wharton School and first worked with Bain and Company. He is a member of the Council of Foreign Relations and The New York Economic Club and chairs the Investment Management Committee at the Woodrow Wilson Center in Washington, D.C.

In this episode of Strategic Investor Radio, host Charley Wright interviews Taylor Lukof, founder and CEO of ABR Dynamic Funds. Mr. Lukof got his investment-industry start in the early 2000s as the youngest member of the American Stock Exchange, where he was a floor specialist for equity options. This experience obviously taught Lukof to appreciate volatility, which he now considers an important asset class onto itself. Indeed, Lukof says now is an important time for investors to look outside the normal investment spectrum of stocks, bonds, and real estate – and volatility is a good place to look.

New "Kahnversations" Podcast with Producer Ross Kohn! In this installation of "Kahnversations," we interview Ross Kohn. Ross grew up in Westchester, New York. He graduated from the University of Wisconsin-Madison in 2004 with a bachelor’s degree in Economics. After graduation, Ross moved to Los Angeles and spent 6 years in the entertainment industry, working alongside Emmy-nominated producers, actors and directors. In 2006, he formed the media production company BackEast Entertainment. The company specialized in creating short-form viral content which garnered millions of views. As the brand built momentum, the company was approached by several Fortune 500 companies, including Pepsi Co and Blockbuster, to create and produce viral advertising campaigns. In 2008 Ross packed his bags and moved to New York City to learn the ins and outs of high-level finance. Starting as a runner on the floor of the American Stock Exchange, Ross quickly worked his way up to become a licensed Institutional Sales Trader. Working on Wall Street by day, he was moonlighting as a film producer, raising capital for his first feature film Duke staring Carmine Giovinazzi and Vanessa Ferlito. It was on this project that he met his now business partner Nancy Leopardi. On Wall Street, Ross transitioned to the buy side when he joined Balcony Partners, a $125,000,000 hedge fund, serving as their Trader and helping to raise capital. In 2013, Nancy convinced Ross it was time to return to Hollywood to make movies full time. Since joining Indy Entertainment, Ross and Nancy have produced 9 feature films together. You can download or subscribe to the podcast for FREE by clicking below. If you like “Kahnversations,” please leave a rating or review on our iTunes page! __________________________________ So many inspiring podcasts out there allow us to hear all about how well-established stars got to where they are today. But those actors are so faaaaaaar away from where so many of us are today! Wouldn’t it be great to hear from the guy who just booked his first pilot? Or the kid finally doing a studio pic after a bunch of low budget indies? Or the woman who’s been a series regular a few times but is only now becoming a name? What about the guy who’s been on a show for years and you know his face but what’shisnameagain? Or that actress who is now a freakin’ showrunner???? How’d THEY do it, right? How did they transition from relative obscurity, bartending and bottle service, to buying that house in the hills? We’re producing “Kahnversations,” a podcast that provides access to THOSE people -- your immediate predecessors -- so that you can learn from them while their battle scars are still fresh. In “Kahnversations,” our own Ryan Bailey interviews some of Lesly Kahn & Company’s working actors, directors, and writers in order to learn how they got started in Hollywood, the challenges and hurdles they faced, and how they overcame the odds. (They also dish out some crazy stories!) Listen in and enjoy as these entertainers speak candidly about their paths, processes, and experiences. You might even hear a bit about how Lesly and the Kahnstitute have influenced and shaped their careers.    

Prior to the conception of Feed Your Soul, it’s founder, _ Mya Jacobson Zoracki _, was a Trader on the American Stock Exchange. During her time on Wall Street, she earned a Juris Doctorate degree from Brooklyn Law School. While her days and nights were full, Mya knew there was something more she was destined to accomplish. Mya began perfecting her signature gourmet cookie recipes, including an inspirational message with each gift and donating a portion from every purchase to charity. Before long, the orders began to pour in. UPS wheeled hundreds of packages down the hall of her apartment building daily and tins were delivered to her loading dock/ “apartment 5B.” She was baking 16 cookies at a time out of a studio apartment in Hoboken, New Jersey! Feed Your Soul has grown tremendously since its humble beginnings in 2005. The current manufacturing facility is located in Kearny, NJ.  Offering a full line of products for the foodservice industry with distribution throughout the United States, they also offer a full line of gourmet products online.  Whether you are looking for a Feed Your Soul branded dessert or a custom manufactured contract, Feed Your Soul is able to handle requirements of all sizes. After all, it is the sweetest things in life that truly Feed Your Soul. _ Ivy Stark _ knew she wanted to be a chef from a young age. She graduated from an easy-bake oven to cooking classes at age nine. Since, her passion for international cuisine has led her to posts in acclaimed restaurants in New York and Los Angeles. As sous chef at the New York Times three and four star restaurants, Sign of the Dove and Cena she assisted Executive Chefs Andy D’Amico and Normand Laprise with menu creation and daily kitchen operations. She has also worked with celebrated chefs Gary Robins, Mary Sue Milliken and Susan Feniger. Currently the Executive Chef at New York’s hottest Mexican restaurant Dos Caminos, Ivy has earned her place among the top chefs in the city. _ Hristo Zisovski _ is an Advanced Sommelier based in New York City. Hristo was raised in his father’s Greek diners where he worked the grill throughout his childhood.  After high school, Hristo earned a degree from the Culinary Institute of America but increasingly realized his interest was in the “front of the house.” In 2001, Hristo became the Assistant Beverage Director at the three-star restaurant March, and began his educational journey to becoming a Master Sommelier.  From March, Hristo moved to the three Michelin-starred Jean Georges, where he spent seven years as Chef Sommelier.  Under his tenure, the restaurant received the 2010 James Beard Foundation Award for Outstanding Wine Service.  Hristo was also awarded Wine & Spirits Best New Sommelier in 2007. In November 2010, Hristo joined the Altamarea Group at Ai Fiori. His role expanded to oversee the beverage programs at the Osteria Morinis, Nicoletta, Due Mari, Costata and The Butterfly. Hristo’s wine expertise contributed to Ai Fiori’s three star review from The New York Times.  

This week's free trading podcast gives you free trading advice. It will turn any fear you have about wealth creation on its head. Learn how to accept more money into your life by understanding its usefulness as a tool to enrich your life and the lives of those you love. Our special guest Rik Schnabel inspires you to think joyfully about money.   MARKET WRAP WITH JONATHAN BARRATT Last week ended with a stunning performance for the Dow. As geopolitical tensions eased, with Putin backing down on military exercises, the US markets closed up 185 points. Jono is still long gold and his advice to traders is to adopt a more bearish tune to the market.   Rik Schnabel Enjoy Rik’s bubbling enthusiasm as he sweeps you up into swirl of positive energy and inspiration and listen to why he believes the moment you are rich is the moment you find your true purpose in living. Find out what is it that wealthy people have in common, why all good investors trading the share market keep calm and why the more you play with money the more your create. Inviting money and its friends to play has never been more fun. Rik can be found at www.lifebeyondlimits.com.au Rik’s latest book is sensational. It’s called The Power of Beliefs. It covers the 7 beliefs that will change your life. Click here to read more. MINDPOWER WITH LOUISE BEDFORD Louise Bedford (from The Trading Game) tells us to get comfortable with being uncomfortable. Risk and uncertainty are the new norm. The best opportunities require you to grow… master your trading education and you will have the best opportunities in life.   TRADING TRIVIA Find out the original name of the American Stock Exchange and why it was named as such, and hear some Special Report Tips.       To download the mp3 file to your computer, right-click on the ‘Download’ link and choose ‘Save target as…’ or ‘Save link as…’ and save the podcast to a suitable location on your local drive.   Additional Music by Kevin MacLeod http://www.incompetech.com  

Tony Bazile of Intrinsic Capital Management is a trend following trader specializing in stocks. Michael Covel talks to Bazile about his background, which is unlike anybody profiled on the podcast so far: He was a professional water skier into his 20s. After observing another water skier trading on the sidelines and making a ton of money, Bazile decided to look into trading for himself. He made quite a bit before the tech bubble burst; when it popped, he was left with the feeling that there was still plenty of opportunity, and he forged forward. He moved to New York with his then-girlfriend and wound up living directly behind the American Stock Exchange, where he spent six or seven months handing out his resume (litetrally on the streets to Wall Street warriors). Eventually, he found himself working for John Mulheren. Bazile relates a story where Mulheren went on vacation after taking a large position. When Mulheren's team sold 80% on the second day of what would become a three week rally, Mulheren returned from his vacation furious, and Bazile learned one of his most valuable trend following lessons. This sent him down a path where he visited Bill Dunn in Stewart, Florida, and eventually ended up working for Ken Tropin at Graham Capital. Tropin told Bazile: "I'm good because I know that I don't know which way the markets are headed." After managing money for Graham Capital, Bazile left and partnered up with David Frakes, and formed Intrinsic Capital Management. ICM uses a trend following strategy to trade stocks, and Bazile and Covel discuss dealing with the sheer volume of information on individual stocks; and how trend following is the strategy, not the instrument. Covel also traces the lineage from Richard Dennis to Jerry Parker to Salem Abraham, and from John W. Henry to Ken Tropin to Tony Bazile. Only time will tell! Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.

Allen Maxwell and Scott Paton discuss the latest Stock news and how to trade when the stock market drops in value.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com or www.WallStreetGenius.com for more information

Allen Maxwell and Scott Paton talk the latest in Financial news. Keeping you up to date in the world of Options and Forex.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com or www.WallStreetGenius.com for more information

More on how to profit from Options tradingOption trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com or www.WallStreetGenius.com for more information

Allen walks you thru the Wall Street Genoius softwareOption trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com or www.WallStreetGenius.com for more information

Allen shares the ins and outs of Options trading using his program, Wall Street Genius. 65 minutes long and packed with greta insights into trading,Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com

Discover how to tell a good trade from a poor one. Allen Maxwell talks with Scott paton about th eevents he looks for using real data on a randomly picked day.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com and www.wallstreetgenius.com

We discuss more day trading options strategies. What are your success criteria? And how can you achieve it using Options.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com

Today we discuss how to keep 'Road Rage' out of your trading day. Too often, emotions rule the trader's perceptions to their loss. PLus EMA indicators.Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading.Go to www.DayTraderCollege.com

Don Davis, International Laywer and Principal of Davis and Associates, talks with host Ric Franzi how, as a securities attorney, he and his firm help start-ups become listed on the American Stock Exchange with highlights on changes his industry has experience over the past few years. Bob Larking, Partner of Inside Prospects, Inc., discusses the best ways to determine the how many potential customers for your business exists in Orange County and how to use a database as a strategic competitive weapon.

Option trading is probably one of the least understood forms of investment that however can offer a wealth of possibilities for those who get involved into it. Such major option trading markets as the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, the Pacific Exchange and the New York Stock Exchange in the USA as well as markets in London, Tokyo and other world megapolises make great profits in option trading as well as in forex currency options trading. Option trading is becoming more and more popular among individual traders, professionals and institutional investors as it may be extremely rewarding provided that the decisions are well-elaborated and grounded on research. Like all investments, option trading carries a certain element of risk. Raise cash safely and immediately... Let help you to make money quickly. So, what is option trading system all about? Basically, options are contracts concluded between two parties, the buyer and the seller, giving the former rights for the purchase or sale of some underlying asset, with specification of price and validity period. They are also called derivatives for two reasons: the first one claims that option trading derived from stock and futures trading; and the other one explains that option price always depends on (derives from) the value of the underlying (be it stock, index or some commodity). Option buyer (holder) can exercise his/her prepaid option to dispose of some financial product within agreed time interval but is not obliged to do it. On the other hand, option seller (writer) is obligated to agree to either of the buyer's decisions. An obvious advantage of option trading is that money can be made without large investments of capital. You can look for a more detailed Option Trading Definition in the respective article by clicking on the link.Calls and PutsThe two types of options are calls and puts:A call gives the holder the right to buy an asset at a certain price within a specific period of time. Calls are similar to having a long position on a stock. Buyers of calls hope that the stock will increase substantially before the option expires.A put gives the holder the right to sell an asset at a certain price within a specific period of time. Puts are very similar to having a short position on a stock. Buyers of puts hope that the price of the stock will fall before the option expires.

This week Mr Gaskins looks at CastlePoint (CPHL) is a Bermuda holding company organized to provide property and casualty insurance and reinsurance business solutions, products and services primarily to small insurance companies and program underwriting agents in the United States. Tower Group Inc. (TWGP) is the sponsor for Castle's IPOCheniere Energy Partners (CQP) is a limited partnership formed in November 2006 by Cheniere Energy, Inc (LNG) Cheniere Energy Partners has been authorized to list its common units on the American Stock Exchange under the symbol CQP. The partnership will develop, own and operate the Sabine Pass liquefied natural gas receiving terminal under construction in western Cameron Parish, La. Other energy related IPOs so far this year include Duncan Energy Partner (DEP) Legacy Reserve (LGCY) MV Oil Trust (MVO) Targa Resources (NGLS)Glu Mobile (GLUU) is a leading global publisher and developer of more than 100 casual and traditional games for the mobile market based on third-party licensed brands. Competitors include Electronic Arts Inc. (ERTS) and THQ Inc. (THQI)Also hear comments about private equity firm Blackstone's potential IPO. Data on last weeks IPOs are as follows: FCStone Group (FCSX) +30% BigBand Network (BBND) +28% Tongjitang Chinese Medicines (TCM) -2.5%