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Best podcasts about Diversification

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Latest podcast episodes about Diversification

How to Scale Commercial Real Estate
Education and Mindfulness Are the Bookends of Success

How to Scale Commercial Real Estate

Play Episode Listen Later Jul 2, 2022 24:09


In this episode, we are joined by Jonathan DeYoe, advisor of Mindful Money and the host of the Mindful Money Podcast. He discusses how he became a financial advisor, what his typical process is for working with clients, and what common threads he sees that people struggle with in their financial plans. Jonathan emphasizes the importance of mindfulness, especially in personal finance, and how it can help us increase wealth and lead more meaningful lives.   [00:01 - 05:03] The Money Philosopher Jonathan shares his background  Going back to the financial space Financial planning versus investment selection   [05:04 - 16:21] Mindfully Saving and Investing Setting long-term goals What it means to be mindful of the path  Getting the emergency fund covered and the rest gets invested How to invest in a volatile market Diversification is key   [16:22 - 23:10] Scaling in a Mindful Way Getting out of the poverty mindset Why Jonathan decided to merge his business with another company Understanding your purpose Sign up now for Mindful Money's FREE Values, Purpose & Goals course! [23:11 - 24:09] Closing Segment Reach out to Jonathan!  Links Below Final Words Tweetable Quotes   “I don't think anybody can predict anything. So given that, planning is the tool we use. And in fact, the two tools we think that are most valuable are planning and education.” - Jonathan DeYoe “The concept of mindfulness is sort of  a non-judgmental awareness of the present moment.” - Jonathan DeYoe “ Let's not judge the fear. Let's not make some kind of an assumption about what's gonna happen next, what's on the ground, what can we do to make a difference.” - Jonathan DeYoe -----------------------------------------------------------------------------   Connect with Jonathan at the Mindful Money website. Check them out on YouTube, Instagram, Facebook, LinkedIn, and Twitter. Sign up for their Values, Purpose & Goals course for FREE!   Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below:   [00:00:00] Jonathan DeYoe: Because of my education in sort of philosophy and, you know, mindfulness training and meditation and religious kinds of things, I think that whenever I'm on a show when I'm being interviewed, or whenever I write, that comes across the idea that, Hey, you know, there is a way to make better decisions. It's not the way that we're told all the time. [00:00:20] Jonathan DeYoe: Let's talk about the way that actually is helpful. And for some people, they go, oh, that makes a ton of sense. Let me talk to Jonathan. And when they do then that's stimulation right there.  [00:00:40] Sam Wilson: Jonathan DeYoe is a Lutheran seminary intern, Buddhist academic turned financial advisor. He's also the advisor of the Mindful Money and the host of the Mindful Money Podcast. He has been investing for over four decades in helping others build wealth for the last 25 years. Jonathan, welcome to the show. [00:00:57] Jonathan DeYoe: Thanks for having me, Sam. [00:00:58] Sam Wilson: Pleasure's mine. There are three questions I ask every guest who comes in the show: in 90 seconds or less, can you to tell me, where did you start? Where are you now? And how did you get there?  [00:01:05] Jonathan DeYoe: In 90 seconds or less? Where did I start? So I started off in Rapid City, south Dakota, was raised pretty poor. And so I made a, made a goal for myself to make money and to not have that problem, you know, growing up. So took a detour, studied finance in college, took a detour, studied philosophy and comparative religion ended up coming to California to be a Lutheran seminarian. The Lutheran school I was, I had agreed to go to and they had given me a scholarship. [00:01:30] Jonathan DeYoe: When I got here, they said, listen, we had a bad year last year. We don't have the scholarship money. So I went across the street to a Buddhist school and they said, yeah, we have some money. So I ended up studying, compared to religion from a Buddhist side, was there for two, three years, realized that I really wanted to practice more than I wanted to be an academic. So I meditated every day since. And started off, you know, right after I left, at Dean Witter, which became Morgan Stanley Dean Witter. You know, I was at five or six different wall street firms before I started my own firm in 2001. And so the last 20 years, building that firm until last year when I merge it into EP Wealth. [00:02:05] Sam Wilson: Wow. Wow. That's interesting. Tell me, you know, in that financial planning practice, how gimme some color on what that was? I mean, there's, the say financial planning can mean 10,000 different things to 10,000 different people.  [00:02:18] Jonathan DeYoe: Yep. Yeah. It's, it's a great question. I, and I appreciate more than you probably know. So I think most people that have, that say financial planner mean investment advisor and I actually mean financial planner. I don't think anybody has the ability to guess what's happening next. I don't think anybody that can control outcomes. I don't think anybody can predict anything. So given that, planning is the tool we use. And in fact, the two tools we think that are most valuable are planning and education. So in my own personal pivot, you know, I'm, I'm working with clients on their financial plans and I go in depth on, you know, all their cash flows, incomes, outflows, all their goals, what those costs, you know, the probability of increased costs later on everything, education, we go really, really, really deep in all aspects of their financial lives. [00:03:05] Jonathan DeYoe: And what that does is it gives us the ability to make better decisions in the now. And that's, that's really what financial planning is. It isn't investment selection, it isn't market timing. And if you've got folks that are looking for better investment selection, better market timing, that's not here. And in fact it's not anywhere, but especially not here  [00:03:20] Sam Wilson: That, you know, I love the idea, what you mentioned there, differentiating between what is financial planning and what is just investment selection, 'cause those are, those are two very different things. Getting someone to a point where they want to come to you and say, Jonathan, let's sit down and let's just pull the curtains back on everything and just dissect this piece by piece has got to be, the people that are willing to take the time to do that are few and far between I would imagine. Is that, is that a fair assumption?  [00:03:49] Jonathan DeYoe: Yeah. Thankfully, there are many different brands of financial advisors as you sort of alluded to. And so people can find the people that fit with them and they're out there. I don't believe it's possible that someone can select a better investment or time market any better than I can. But if you believe that someone can do that for you, then, you know, I wish you the best of luck. I think that's a great thing.  [00:04:07] Sam Wilson: Right. And I guess I would, the, what I was getting at was that what you provide is an incredibly valuable service to people that take the time to do it. [00:04:16] Jonathan DeYoe: Yeah.  [00:04:17] Sam Wilson: What are the things that bring people to you to where they say, Hey, Jonathan, I need your help?  [00:04:23] Jonathan DeYoe: Well, I, so I don't know what the thing is that stimulates somebody to make a decision to ultimately call us that that's hard for me to guess, but because of my education in sort of philosophy and, you know, mindfulness training and meditation and religious kinds of things, I think that whenever I'm on a show or when I'm being interviewed or whenever I write, that comes across the idea that, Hey, you know, there is a way to make better decisions. It's not the way that we're told all the time. Let's talk about the way that actually is helpful. And for some people they go, oh, that makes a ton of sense. Let me talk to Jonathan. And when they do then that's stimulation right there.  [00:04:59] Sam Wilson: Right, right. That's really cool. I like, I like that, that answer there. Tell me, you know, when you guys dig into, or when you dig into someone's financial plan or in this case, maybe the lack thereof, what are some of the common threads you see that things you go, man, most people struggle with this, and this is how they overcome it?  [00:05:19] Jonathan DeYoe: Yeah, and it's a great question. The, I think that the thing that most people do and the thing that causes the most problems that I've ever seen is we simply don't save enough. Like, we don't save enough. And how do we save more? Well, there's three different pieces of this, right? You, you earn more, you spend less. And then you sort of think longer term. So realize that right now, right now you, you're earning a certain amount and people panic about that. And I can't do anything about it. Well, you're gonna, you're gonna earn more later, almost guaranteed, right? [00:05:45] Jonathan DeYoe: You are, we are always becoming the next version of ourselves. And so we get raises, we switch jobs, we start a side gig. And, and so in terms of planning, you can think about all those kinds of things and I just, I just went through this process myself. I went back, and I don't know if you've ever done this, I went back and looked at, goals that I set 11 years ago, 10 years ago. [00:06:04] Jonathan DeYoe: And I kid you not, I beat the goals by 10. I had like five specific goals, every single one of 'em I had, I had beaten by like 5% or 10%, which, and I set 'em 10 years, you know, 10 years ago. I was 40 years old and I was like, these are crazy goals. I'm just gonna, I'm gonna really set the bar high and boom, we, we nailed them. [00:06:25] Jonathan DeYoe: And so the, the fact that you put those things on paper, that you think about them, that you write them down actually does create outcomes. You have to follow through, you've got to do the work. You got to take the time, all that kind of stuff. But if you write it down and you, you reflect on that on a regular basis. You'll get there, right? You'll get there. And I, I fully believe that. The reminder is this is what you got to do. Let's go do it.  [00:06:46] Sam Wilson: Right. And I think that goes into the, into the title of your book, which is the well you, or a title of podcast or book, which one is it? You wrote a book. [00:06:53] Jonathan DeYoe: Both. [00:06:54] Sam Wilson: Both. It is a Mindful Money and Mindful Money Podcast. There it is. That's that's the topic. Your book is Mindful Money. Can you break down what that, other than just writing it down and saying, Hey, this is, this is where I want to go. What else does that mean to you?  [00:07:10] Jonathan DeYoe: So. The second thing I would say, if we don't save enough, the second thing is we invest without knowing where we're, what we're investing for. So, so mindfulness, this concept, what is mindfulness? The concept of mindfulness is sort of a, a non-judgmental awareness of the present moment. And right now in the present moment, we've had two quarters of kind of volatile markets after nine years of just a wonderful upside. So, so people are actually experiencing this now. [00:07:35] Jonathan DeYoe: And, and if you're a real estate investor, you haven't experienced this kind of volatility, this kind of interest rate rise since 2008, 2009. So if you're, you know, this is kind of scary for a lot of folks, for sure. But the reality is this is a natural ebb and flow of markets. This is, this happens. [00:07:49] Jonathan DeYoe: It's normal, it's normal in equity markets. It's actually normal in, in real estate markets as well. And the mindfulness piece is realizing, okay, there's this scary thing. Let's not judge the fear. Let's not make some kind of an assumption about what's gonna happen next, what's on the ground, what can we do to make a difference. When you're thinking about somebody that has goals and dreams and things they wanna accomplish, if they've never thought about the goals and dreams and things, they're, they're behind, right? [00:08:13] Jonathan DeYoe: They, they don't, they don't know, they don't know what they're targeting, but more important than not knowing what they're targeting is they don't know how to course correct. You know, you got to know where you're going in order to know when you're not on the path. And so mindfulness is of the path, not mindfulness is knowing where I'm going, knowing that the decisions I need to make to get there and then course correcting along the way, being non-judgmental about the environment, knowing what I need to do internally, right?  [00:08:38] Jonathan DeYoe: And that's the, that's very tough to get to that. But when you work with people and you sit down with them, you do the full analysis of everything you wanna accomplish. You say here's the trade offs that you need to make to make that happen. Here's the expected normal run of the mill market volatility run of the mill downside you're gonna run into, and you have to just keep doing the stuff that we said you had to do while that stuff happens. [00:09:00] Jonathan DeYoe: 'Cause that's just normal. That's par for the course. That's what we can expect. Then they meet that when you're on the path, right? So you you've made the plan. You've you've talked about the trade offs. You've told them what to expect and then they, that thing hits them, that smacks 'em in the face and then they, oh, we talked about this and yeah, we'll talk about it right then again. And we'll talk about it every six months. We'll talk about it every year. We'll keep talking about it and talking about it and talking about it and then it hits them and then they can work through it. And it's that, it's that constant message of, this is what we got to do. This is what we got to do, this, what we got to do that enables people to do it when the time comes.  [00:09:32] Sam Wilson: I love it. I love it. You said one of the mistakes that you see people making is that they don't save enough. Yeah. What does saving mean to you? How, how, how would you answer this? What does saving mean to you in an environment where we see the value of especially dollars just going away. I mean, what does that, I mean, inflation is just killing savers right now. How do you save, how do you mindfully save?  [00:09:56] Jonathan DeYoe: Yeah, well said, well said. So saving is, is one step in a two step process, right? Everyone has to have enough savings that is declining in value that inflation's gonna erode. [00:10:05] Jonathan DeYoe: No question about that, right, and, and it's, we're talking a lot about inflation today, but inflation has always been a fact. It's been 1.8, 2% for about 10 years. It's always gonna be coming. It's always around the corner. And you're thinking about 60 year investing lives and 30 year retirements, you're gonna face lots of inflation. [00:10:22] Jonathan DeYoe: So to this, isn't a special thing. This is something we should expect, okay? So given that, I'm always recommending saving more, but, but saving is just the first step in that two step process. Once you have your emergency fund, once you have enough sitting in cash, then you're investing it, you're seeking, you're seeking a place to put it that has the highest opportunity, right? [00:10:42] Jonathan DeYoe: And so that could be, and I know what you guys do, you know, lots of real estate, I've done a lot of real estate in my life as well. I'm a huge fan of, of just public equity markets. I'm actually a huge fan of, of private enterprise as well. I like now I invest in small businesses locally than when they, when they run into trouble. [00:10:57] Jonathan DeYoe: I invest into small tech companies where, where, you know, I might know the CEO or I might have a friend that's, that's introduced me to the CEO or something like that. I, I love that stuff. I love equity. I love business. I'm also a huge fan of real estate as a way to develop wealth.  [00:11:11] Sam Wilson: I like that. So you're saying what we do first, get the emergency fund covered, get your basic, get that covered. And the rest gets invested.  [00:11:19] Jonathan DeYoe: Totally.  [00:11:19] Sam Wilson: Where do you see prime risk right now in investments? Be it in the, in the public markets, be it in real estate. I mean, you see a lot of different stuff come across your desk. Is there anything right now that when you see it, you just get this internal gut check of like, oh boy. [00:11:37] Jonathan DeYoe: I do. I'm not sure I'm gonna win any popularity contest with this.  [00:11:41] Sam Wilson: It's okay. We're not here for popularity contest. We're here for, for honest feedback.  [00:11:46] Jonathan DeYoe: So I think, and this, goes back every two, three years. There's something that comes across the pipe that is, you know, exciting to talk about. And usually, while it's exciting to talk about, it's a really dumb idea to engage, you know, back, you know, go back 20 years. I'm starting the business in the middle of the dot com world. You know, there's plenty of people that saying nothing but technology matters, nothing, but connectivity matters. This is all that matters and that's all gonna invest in. And they did really astoundingly well, you know, 96, 97, 98, 99. And in 2000, they lost 90% of their assets. Because everything chased one idea. So now it's in this last couple years, there's been a lot of chasing going on. You've had, you've had specs. [00:12:27] Jonathan DeYoe: They're they're all destroyed NFTs. They're pretty much destroyed crypto. I think crypto has a case. I'm not investing in the currency. I think there's a case long term, not in the currency, but in the blockchain. I wouldn't, I wouldn't touch the currency myself. It's just, you know, that's speculation. [00:12:41] Jonathan DeYoe: That's not investing. So for me, I like anything that's broadly diversified. You know, I like to own lots of different stuff, 'cause I think the risk is in the concentration. The risk is engaging, the exciting thing, getting too concentrated and the exciting thing when it's exciting. I love stuff that's like, okay, everybody hates this now it's probably a pretty good investment, right? Remember,, like Tesla was killing it. Ford was getting destroyed. 2022 comes, Tesla gets destroyed. Ford is killing it. That's a pretty good story. That's kind of what you can always anticipate.  [00:13:15] Sam Wilson: I love, I love your statement there, that the risk is in the concentration. We're seeing that right now in the multifamily space. I mean, I don't know if you track anything in commercial real estate, you know, specifically, but the capital pouring into multifamily has just caused cap rate compression at a pace that I just can't, it's unfathomable to me. And yes, I did buy some multifamily last year. It was, I mean, it just made all the sense in the world. They were sweetheart deals and they're crushing it, but by and large, like, I just stepped out of it. I just said, man, this is, yeah. It's it just seems frothy.  [00:13:51] Jonathan DeYoe: Was it, I think, Buffett said, you know, you buy the thing when it's, I, I don't remember what it was.  [00:13:56] Sam Wilson: Be fearful when others are greedy, and be greedy only when others are fearful.  [00:13:58] Jonathan DeYoe: Yeah. It's that, but if it's dear, if it's dear, if everyone wants it, that's you don't want that. You know, and there's plenty of in real estate specifically, in stocks, there's plenty of opportunity. Maybe, maybe it's parking lots now, you know, maybe it's not single family. Maybe it's, you know, there's so many different options of how you do it, that don't buy the thing that everyone's chasing. And right now, like the big money is all chasing multifamily. You've got, what is it? The Blackstone, right? Buying thousands and thousands of units that drives up prices makes the cash flow less good.  [00:14:25] Sam Wilson: Right. Drives up prices. I mean, it's great. It's great for those of us, you know, if we're exiting. [00:14:30] Jonathan DeYoe: Yeah. If you're an owner, it's good time.  [00:14:33] Sam Wilson: Yeah. It's a good time to sell that. That's absolutely right. But no, I think, I think that's really, really smart there. When you say the risk is in the concentration. I mean, do people come to you and send you, you know, opportunities they have, if they're a client of yours and say, Hey, Jonathan, here, here's an idea. Here's an opportunity to invest in something. What do you think?  [00:14:51] Jonathan DeYoe: Yeah. I mean, it it's rarer. I mean, the people that are, you know, I wrote a book called Mindful Money. So the, the people that attracts first is people that aren't really interested in investing. [00:15:02] Sam Wilson: Right.  [00:15:02] Jonathan DeYoe: So, they don't want to do this themselves. They want somebody to do it for them, with them, you know, hold their hand through the process. And I'm, that's what I love to do. I love, I love to actually walk people through capital markets 'cause I, I love capital markets. It's a, it's a fun place for me. [00:15:14] Jonathan DeYoe: But occasionally I have a client who will come in and say, Hey, I bet this idea. I bet this idea. Or, you know, my buddy started this company in Silicon valley, what do you think? And, and, you know, they, they run the gamut from a real estate thing to a new meta platform to a new, you know, so there's, there's so many chip companies, there's so many different things that I, that I run into. [00:15:33] Jonathan DeYoe: I actually, don't, I've only made a couple of those direct investments myself, because there's so much risk. And that, I mean, it's like 98% chance that you lose every penny you put into it, right? So again, concentrations are good. I like diversification. So I have, I have a guy that does this a hundred percent of his time. [00:15:50] Jonathan DeYoe: This is what he likes to do. And so I give him the money that I wanna invest in private enterprise. And he invests that money 'cause he invests in 60 in every fund. So that's fine. That's how I get diversification in that space. And those are out there that're available. I recommend those and I think that's, in your world, that's like syndication, right?  [00:16:04] Jonathan DeYoe: So you get somebody that does a bunch of different things and you, they pool money and that enables more investments across a broader, a broader range of opportunity.  [00:16:11] Sam Wilson: Yeah. Yeah. Especially, especially when you start getting into syndications that are funds where we might pull 10 assets into a single fund. [00:16:19] Sam Wilson: That's absolutely right. Tell me about this. You mentioned early on that you were raised poor there's oftentimes I feel that there are mindset shifts that you have to get over, especially I'm, I'm in your camp of growing up pretty much, yeah, pretty pretty on the poor side of things. [00:16:37] Sam Wilson: And so I'll just speak, maybe I'm maybe I'm projecting here. [00:16:40] Jonathan DeYoe: Project away.  [00:16:41] Sam Wilson: It took me a long time to really get out of the poverty mindset. [00:16:45] Jonathan DeYoe: Oh, yeah.  [00:16:45] Sam Wilson: It's like, oh man, this is where I come from. This is who I am. This is who I'll always be. This is the way, and my parents treated money fairly well. We just didn't have much of it, but still there, there was a lot of just getting over some of those things. Tell me, how can you contrast that upbringing and, you know, your book on, on Mindful Money and being mindful of your money? What, how do those two coincide? [00:17:07] Jonathan DeYoe: So there's actually a third point in there and we talked about it just briefly before we started. So I did, I wrote a book and there's three parts to the book. The first part of the book is all the illusions you can ignore. The middle part is the stuff that can make you, that leads to wellbeing, happiness, contentment, whatever that word is you want to use. And then the third part of the book is a plan to get there. [00:17:25] Jonathan DeYoe: So I've written a book that talks about, you know, health relationships, gratitude, generosity, all these things that we know lead to happiness, right? So I know, I know this stuff, I've read the research. I read the papers, all that kind of stuff. And it wasn't until last year when my brother died, that it really hit me that I wasn't doing it. [00:17:46] Jonathan DeYoe: Like, I wrote the book. I understand, but I was, I am still to this day, I have a poverty mindset to this day, and it's not that it holds me the way it did when I was younger. But it pops up. And you go, oh, there it is. Like, that's the thing that gets me. And I find myself worrying a lot about it all going away. [00:18:06] Jonathan DeYoe: So that's that, you know, I built the thing. I merge a thing in a larger company, I'm building more content. I'm writing, I'm teaching I'm doing all the stuff I love to do. And yet there's this thing that I'm afraid, I'm afraid that someone's gonna take it all away. It's gonna take it away. So when my brother died, it really brought home something about the way he lived his life. [00:18:23] Jonathan DeYoe: And it was, you know, he didn't mind being late to the movie. He didn't mind making you wait. He didn't mind. He didn't stress. All the things that I stress constantly. And so I'm, I'm learning to be a little bit more relaxed and, you know, it ebbs and flows. Like, I'm trying my best. And, but that man, it grips you and it shows up in places you don't expect it. [00:18:42] Sam Wilson: Yeah. It's an interesting thing. I probably didn't recognize even in myself or know that it existed. Gosh, until probably I don't even know five, seven years ago. And it's like, wait, there you are like, yeah, I have a poverty mindset and it just it's recognizing it. [00:18:57] Sam Wilson: It is a journey, you know, everybody has their own journey, but it's certainly an interesting journey to just explore. And so I was just curious how, how that worked out. One last question here for you before we sign off really curious about your business. I know we talked about this a little bit off air, but I think it's important for those who are scaling their business and thinking about ways to scale and also scaling in a mindful way. [00:19:18] Sam Wilson: We're gonna just keep playing with a mindful theme here, but you took your business and merged it with another company really so you could focus on the thing that you enjoy the most. Is that right?  [00:19:30] Jonathan DeYoe: Yeah, that's absolutely right. 21 years of building a practice, I think we talked about this beforehand. [00:19:35] Jonathan DeYoe: My, my brother, when my brother died, we had plans that beginning this year. So her died middle of last year, June of 2021. He was gonna join me first quarter of 2022 and be my COO CEO. He was technology genius. He was an operations guy. He had his MBA, and I'm much better face to face with a client. [00:19:54] Jonathan DeYoe: And so I wanted to do none, none of the business management, and I wanted him to come on and do that kind of stuff. And we've been, we've been planning it. We actually started a company in 2006 that we actually shut it in 2008. So we we've been thinking about how to do this for a long, long time. So when he died, everything changes very quickly. [00:20:08] Jonathan DeYoe: And, and so I was like, okay, I know I don't wanna do this. I know I don't wanna pick the next, you know, technology tool we use. I know I don't wanna do, you know, so many things we had to think about in terms of our technology stack and I, I didn't wanna do that. So I, I had actually recently talked three years ago. [00:20:24] Jonathan DeYoe: I had talked to this firm EP wealth. And I'd gone down the road with them and I chatted with them pretty deeply. And, and I decided at that point, I'm just gonna grow this thing. I'm gonna bring my brother on. We're gonna do this together. We've always meant to do this. And so I went back to them and I went back to like 15 or 20 other companies. [00:20:38] Jonathan DeYoe: And I hired an M&A firm and said, this is, this is what my firm is doing. This is what we believe in. This is our thought process. This is our investment process. This is our planning process. You know, find a firm that's a good match and EP, you know, the people I talked to three years ago ended up to be the, the best match for me and I merged in there. [00:20:54] Jonathan DeYoe: And so now, I get to do the two things I want to do. We're six months in, so there's still some overlap. There's still some things I have to take care of, right? But I see a point in the future where I get to write and I get, do my podcast and I get to visit with you on your podcast. And I get to sit face to face with my clients and I don't have to worry about any other stuff. [00:21:13] Jonathan DeYoe: And that's for me, that's the dream. That's what I want to do. And it took 20 something years to get here. And I think this year I would've been there either way. You know, I don't, I would much have preferred doing this with Dave, but this is the world we live in now.  [00:21:26] Sam Wilson: It is. Yeah. And that's, one, I'm really sorry to hear that about your brother. I can't, I can't imagine that I've got four of my own and that had be absolutely devastating. So thanks, thanks for sharing that with us. But at the same time, I think it is scaling your business. And that's the title of the, of our podcast is how to scale commercial real estate and the number of people that come on this show and not number, number of them. [00:21:48] Sam Wilson: But, but I get kind of two camps that come on. One person's gonna say, Hey, you know, we're going gangbusters. And we're gonna, we're gonna have, you know, 500 employees and, you know, own billions of dollars in real estate. And that may be exactly what life they wanna create. And then there's other people that come on and say, look, you know what I've covered. I make 250 grand a year passively, and I'm enjoying the rest of whatever it is until I decide to go back to work and do something differently. And I'm happy as a, a pig and lop. It's just very interesting. So I think, I think mindfully scaling and figuring out and building your business around the way you want it is, is a great example that you've sat for us here by, you know, partnering up and merging with another firm. So you get to do exactly what you love.  [00:22:29] Jonathan DeYoe: Yeah, and I think I told you this in the, in the little email exchange we had before we sat down, but the key to that process is really understanding what you want. And that's that, that's that goals, vision, purpose, kind of a thing. And I think the course that we're gonna put in the show notes is the, is our vision course. [00:22:46] Jonathan DeYoe: And so we have a course that's free. Everyone can take it. And it's, it starts with like, what are, what are my values? What's my purpose? And then I can build goals on top of values and purpose. And that's, so many people never even go through that process. And I, I try to go through that process every single year. [00:23:00] Jonathan DeYoe: You know, I'm, I'm behind this year, but, I'll definitely pick it up again next year. But that's, that's huge. Know what's important to you, know what your purpose is, know why you're here, and then build goals on top of those two things.  [00:23:09] Sam Wilson: I love it. Jonathan, if our listeners wanna get in touch with you or learn more about you or take the free course, what is the best way to do that?  [00:23:16] Jonathan DeYoe: So Mindful Money is the place to find all the social media and find the website and find the courses. We have a lot of different courses that are financial education and including a financial planning course, that's, that's built basically right on the chassis of my book and all the exercises in the book. [00:23:29] Jonathan DeYoe: So people can definitely check that out. I'm hoping that we can put the, in the show notes, the link to the free course.  [00:23:34] Sam Wilson: Absolutely. Yeah, we, we'll do that. We'll put that link there in the show notes. Jonathan, thank you so much for coming on the show today. I do appreciate it. Thank you so much. Have a great rest of your day.  [00:23:43] Jonathan DeYoe: Thanks Sam. 

The tastytrade network
Market Measures - July 1, 2022 - Diversification at Different VIX Levels

The tastytrade network

Play Episode Listen Later Jul 1, 2022 10:43


At tastytrade, we are always trying to stay diversified and have positions in all different types of underlying's. When implied volatility is high in the market, can we sell premium in more stocks with high IVR? Join Tom and Tony as they shed light on how to successfully navigate the market in these volatile environments.

The tastytrade network
Market Measures - July 1, 2022 - Diversification at Different VIX Levels

The tastytrade network

Play Episode Listen Later Jul 1, 2022 9:53


At tastytrade, we are always trying to stay diversified and have positions in all different types of underlying's. When implied volatility is high in the market, can we sell premium in more stocks with high IVR? Join Tom and Tony as they shed light on how to successfully navigate the market in these volatile environments.

Boxoffice Podcast
CineEurope 2022 Recap, Presented by ICE Theaters

Boxoffice Podcast

Play Episode Listen Later Jun 30, 2022 34:56


On this week's episode of The Boxoffice Podcast, Rebecca Pahle and Jesse Rifkin discuss a photo-finish for the top spot at the box office between Warner Bros.' Elvis and Paramount's Top Gun: Maverick. In our final dispatch from CineEurope, Daniel Loria is joined by Celluloid Junkie's Sperling Reich to cover the convention's main themes and trends.  And in the feature segment, Daniel is joined by Guillaume Thomine Desmazures of ICE Theaters and Renaud Palliere, CEO of India's PVR Cinemas-The Luxury Collection, to chat about the Indian exhibitor's approach to premium formats. Give us your feedback on our podcast by accessing this survey: https://forms.gle/CcuvaXCEpgPLQ6d18 Episode Resources: Showbiz Sandbox Podcast ICE Theaters Apex Order Pickup Solutions ICE Theaters Announces Launch in India with PVR Cinemas Partnership What to Listen For 00:00 Intro 02:01 Paramount and Warner Bros. released studio estimates for Top Gun: Maverick and Elvis 06:26 Box office top 5 11:01 Premiumization of cinemas 15:58 Marketing of higher ticket prices 23:08 Now, it's selling tickets to your theater 26:09 PVR Cinemas signing a deal with ICE Theaters 27:07 The PVR network of theaters in India 29:42 Diversification of premium formats 31:24 ICE Theater format combined with Bollywood content  

Top Traders Unplugged
IL01: Turning Water Into Wine with Diversification ft. Antti Ilmanen

Top Traders Unplugged

Play Episode Listen Later Jun 29, 2022 66:42


In today's episode, Antti Ilmanen, author and Global co-head of the Portfolio Solutions Group at AQR Capital Management, joins us to discuss key learnings from his new book, “Investing Amid Low Expected Returns”. We break down why commodities are crucial for generating returns in periods of high inflation and how to manage risk through diversification. We also discuss portfolio construction and whether bonds are still valuable in a diversified portfolio, market timing and how to balance emerging markets and developed markets in your investment strategy, why a diversified blend of risk premia is advantageous and finish off highlighting potential pitfalls of using long-term data and much more. ---- ---- Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Kevin on https://twitter.com/kcold1 (Twitter). Follow Antti on https://www.linkedin.com/company/aqr-capital-management (LinkedIn) & https://www.amazon.com/gp/product/B09Y2JK2WF/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 (read his book). Episode TimeStamps: 00:00 - Intro 03:36 - About Antti's book, “Investing Amid Low Expected Returns” 15:22 - The importance of commodities, especially during inflationary times 21:36 - What's up with bonds? 30:06 - Emerging markets vs. high beta 38:40 - Alternative risk premia...both Alpha & Beta like 47:00 - The idea of valuation spreads and crowding concerns 52:04 - The defensive bucket...getting rid of the junk 01:02:16 - Summary by Kevin and Niels  Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey: 1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 2. Daily Trend Barometer and Market Score One of the things I'm really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! https://www.toptradersunplugged.com/resources/market-trends/ (Click Here) 3. Other Resources that can help you And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. https://www.toptradersunplugged.com/resources/ (Click Here) https://www.toptradersunplugged.com/legal/privacy-policy/ (Privacy Policy) https://www.toptradersunplugged.com/disclaimer/ (Disclaimer)

Barron's Live
The Role of Alternative Investments in Asset Allocation

Barron's Live

Play Episode Listen Later Jun 28, 2022 38:50


Phil Huber, chief investment officer at Savant Wealth Management and author of The Allocator's Edge: A Modern Guide to Alternative Investments and the Future of Diversification speaks with Barron's senior writer Lauren Foster about the future of the traditional 60/40 portfolio, the role of alternative investments in asset allocation, and ways investors can add alternatives to their portfolios.

Secrets To Scaling Online
Ep 349: A Look Into Flagship Retail With Parker Burr, Feat Clothing

Secrets To Scaling Online

Play Episode Listen Later Jun 28, 2022 30:55


We're in a different industry now but there will always be consumer demands for every product category. We just need to make some pivots to continue scaling.In this episode, Parker Burr of Feat Clothing talks about their brand's journey into flagship retail, wholesale, and all things growth-related. He shares the things that worked to build their business to its size today that are not going to work going forward.Listen and learn in this episode!KEY TAKEAWAYS FROM THIS EPISODEWe're currently in another gold rush. At the beginning of a gold rush, you've got to go out and find where the gold is. More people are still consuming more goods online every year.Build a well-rounded business with multiple streams of revenue that are symbiotic and growing each other. You can copy everything and do everything the same way but you can't replicate timing so you have to adjust to the timing.You get eyeballs by physically being in a great location.Continue focusing on having an incredible team.No big brand did it overnight.Recommended App: Slack https://www.slack.com Recommended Book: Burn Rate: Launching a Startup and Losing My Mind by Andy Dunnhttps://www.amazon.com/Burn-Rate-Launching-Startup-Losing/dp/0593238265 Today's Guest:Parker Burr is the CEO and founder of Feat Clothing.Feat Clothing provides athleisure clothing designed to maximize comfort and versatility.Connect and learn more about Parker and Feat here: Website: https://www.featclothing.com LinkedIn: https://www.linkedin.com/in/parker-burr-84886447 Taylor Offer's Tiktok and LinkedIn:https://www.tiktok.com/@tayloroffer https://www.linkedin.com/in/tayloroffer This month's sponsor is Rep AI. Rep is the world's first-ever AI-powered sales associate for e-commerce websites. It's a sales-focused chatbot that uses AI to automatically identify and approach disengaged customers with a contextual and personalized conversation to upgrade customer experiences and increase sales. Just like in brick-and-mortar, it recommends products, answers product-related questions, and even upsells. So hit https://hellorep.ai/upgrowth and get a 2-week free trial + 50% off for your first 12 months.We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here:upgrowthcommerce.com/growIf you've been paying attention and your brand is ready to GROW, apply now to be the one new brand we take on this month!https://upgrowthcommerce.com/apply

Budget Chéri | Parlons d'argent en version fun
Capsule #23 Diversifier ses investissements ou pas ?

Budget Chéri | Parlons d'argent en version fun

Play Episode Listen Later Jun 28, 2022 27:00


J'ai toujours entendu dire qu'en matière d'investissement, il ne fallait JAMAIS mettre tous ses œufs dans le même panier.

Retire Right Radio with Paul Roberts
Costly Retirement Mistakes-Earlier Retirement-Confidence in Spending

Retire Right Radio with Paul Roberts

Play Episode Listen Later Jun 24, 2022 53:32


Paul covers three retirement investment mistakes to avoid including maintaining the wrong asset allocation, failure to properly diversify, and investing without liquid savings.  If you are of the mind to expedite your retirement date, he gives you some things to consider.  Paul also offers tips to help give you more comfort in your retirement spending such as developing a good, structured spending plan and exploring different potential income solutions. You can reach Paul Roberts and the team by calling 800-891-8680. Roberts Wealth Management See omnystudio.com/listener for privacy information.

Proactive - Interviews for investors
Record PLC on track to meet three-year targets after diversification drove a strong FY 2022

Proactive - Interviews for investors

Play Episode Listen Later Jun 24, 2022 7:03


Record PLC chief executive Leslie Hill joined Proactive's Stephen Gunnion with details of the company's results for the year to March 31, 2022. Hill telling Proactive that the company's transition away from a pure currency management specialist to include derivatives and fixed income helped fuel a surge in revenue to £35.2 million from £25.4 million the year before while profit before tax jumped to £10.9mln from £6.2mln, highlighting the performance of its Emerging Market Sustainable Finance Fund. Record is also on track to meet the three-year targets laid out in Record's results presentation, she added. https://recordcm.com/fetch_files//resources/files/KjYbZCBHrlILgLXOcWElwB6iXT5SqvZBArdkNPAZ.pdf

Providence Financial Retirement Show!
Liquidity, Longevity, Diversification in Retirement

Providence Financial Retirement Show!

Play Episode Listen Later Jun 23, 2022 29:25


Continuing our mini series on Retirement Risks, we discuss the role that liquidity, longevity and diversification play in saving for retirement. Many people take unnecessary risks when it comes to how much money they keep liquid (and for how long), as well as how well (or little) diversified they are.  Show website: https://www.providencefinancialpodcast.com Find us at: www.providencefinancialinc.com YouTube: https://www.youtube.com/c/AnthonySaccaro/featured Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook: https://www.facebook.com/Providence.FinancialInc/ Twitter: https://twitter.com/AnthonySaccaro LinkedIN: https://www.linkedin.com/in/anthonysaccaro/

Finance for Physicians
The Power Of Diversification

Finance for Physicians

Play Episode Listen Later Jun 23, 2022 36:36


Do you get nervous when the stock market goes bad? Where are good places to invest? Discover the power of diversification to conquer volatility and uncertainty. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about diversification of your portfolio in order to keep more dollars in your pockets. Topics Discussed: What’s diversification? Spread money across investments for risk mitigation Options/Odds: Should you spread eggs into more baskets to grow a nest egg? Benchmark: How to track and measure success with investments in stock market ETF Tickers: What to search for/consider for spread of diversification categories Cryptocurrency: Is it a good way to diversify? Maybe, too new to know for sure Real Estate: Not good way to diversify if actively involved, not passively Links: What is Passive Investing? Investing in Digital Gold Vanguard Funds List Google Finance Morningstar Contact Finance for Physicians Finance for Physicians Full Episode Transcript: Hello, everyone. Hey, I hope you're having a great day. I was talking with a buddy two days ago and a conversation came up. The same sort of conversation happens with me a lot. The gist of the conversation was, "Oh, you're in finance?" (This is the guy talking to me.) "Oh, well, I've been investing in stocks. I have this one that I've been investing in since the stock market went down in the Covid downturn in early 2020." He told me this specific stock—I can't remember now—that he was buying. He wanted to make sure he wasn't making the same mistake that a lot of his family or friends had made and getting nervous when the market was bad, and instead, invested in something that he felt was a good place to invest. He proceeded to tell me about his experience investing in this stock. It did very well a year or so after, but lately it hadn't done as well. That's kind of what brought up (I think) his thought about this stock, is he was asking me about how we're handling the recent market volatility, which is a common dinner party conversation or question people ask me. This stock in particular he was describing, he was sharing, has been doing not so well, but he was still optimistic about it. Over that period of time—March, April, May of 2020, till now—it's still above breakeven, so he's still made some money on it. Overall, he felt pretty good about it, especially given the weak market that we're in now. As I'm recording this, this is close to them. It's early May 2022, and the market's been a little shaky. Given the market uncertainty, he felt pretty good about it. That is a conversation I've had too many times. I can't even remember how many times I've had it with people usually at social events. They're sharing about their experience in investing. Generally, it's a favorable lien. This example I just gave was kind of a little bit of a negativity creeping in but still overall favorable. It wasn't like they were asking my advice or opinion. They were trying to make conversation with me, knowing what profession I was in. I'm sure you all have had similar conversations about your profession as it comes up. After having that conversation and just seeing it come up so many times, I thought it would be good to talk today about diversification and

Rural Today Catch Up
What's driving on and off-farm diversification?

Rural Today Catch Up

Play Episode Listen Later Jun 23, 2022 8:33


Recent research from ASB reveals that 30 percent of farmers are considering diversifying into off-farm activities, and nearly a quarter are considering a different farming type. GM Rural at ASB, Ben Speedy, spoke to REX Today's Dominic George about what's behind the increasing number of farmers looking at Diversification. See omnystudio.com/listener for privacy information.

The Passive Investing Show
E07: Going from 7 to 8 Figures with Daniel Del Real & Aaron West

The Passive Investing Show

Play Episode Listen Later Jun 22, 2022 42:46


Do you want to build wealth? Surely everyone does. But knowing how to start building wealth through real estate can be tricky. It's important to gain experience and learn from both your successes and losses — or learn from other people in the game. In the seventh episode of the Passive Investing Show, J and Ashley are joined by Daniel del Real and Aaron West to discuss what you should consider in making investments so that you can build wealth. Here are some power takeaways from today's conversation: Invest in people. Look at an operator's performance, plan, and cash. Keep yourself insulated by diversifying your portfolio. Build long-term relationships. Buy a house if you have an infinite mindset. Know your principles and objectives. Episode Highlights: [06:16] How to Create Passive Income Separating themselves from their budget helped Daniel del Real and Aaron West build wealth. Find out what you can live without and what you can invest in for future returns. Invest in people, not in businesses. Make sure to find people who can pivot and adapt quickly when the market shifts. [12:02] Lessons From Small Balls and Losses Learn from playing the small ball. Long-term relationships are forged through returns on mental capacity and relationship capital, not investment. Listen to the full episode to learn the criteria Daniel and Aaron look at when investing and how they create long-term relationships! [21:22] Criteria for Investments Sometimes a startup idea can be great, but it isn't the right time, or the wrong person is taking it to the finish line. Determine if you want the property. Make sure the operator has communicative knowledge. Look at their past performance, plan for the long term, and cash. [28:55] Diversification in Your Passive Portfolio At some point, your wealth will become more money than your bandwidth can handle. That would be the right time to diversify your portfolio. Think about how you can be insulated so you can do well even if the market shifts. Diffuse the risk by investing in different assets. Understand that while investing takes mental capacity, you're learning your capacity and earning your 4Cs to level up assets in the future. [36:37] Investing Moving Forward Due to the housing shortage, residential real estate will be as strong as ever. The fundamental housing issue might lead to homeownership becoming a novelty. If you want to buy a house, you should have an infinite mindset. [39:36] Aaron and Daniel's Investing Advice Understand your fundamental principles and objectives. Stick to your principles and values because they are what will lead you to true freedom. Focus on making a base hit, then finding a new deal. Notable Quotes from the Episode: [14:14] “You have to learn the unsexy first and the lessons that you learn playing the small ball and then in 5, 10 years, you'll have an opportunity to level up.” [21:46] “A lot of startup ideas are awesome. It's either not the right time or it's the wrong person that's taking it to the finish line.” [34:12] “If you keep outsourcing as an LP, that ‘C' of courage, because you've never taken down a property yourself, you never find out what your capability is and never find out what your capacity is.” Resources Mentioned: @theaaron.west @daniel_del_real The Passive Investing Show

Real Personal Finance
157 - How to Best Mitigate Risk in Your Investment Strategy

Real Personal Finance

Play Episode Listen Later Jun 22, 2022 20:52


Scott and James discuss how to best mitigate risk in your investment strategy. Planning Points Discussed Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Listener Question: I'm really enjoying your podcast and generally agree with your advice. I'm 37 and a personal investor who is focused on long term investments for retirement. I have generally leveraged a higher risk strategy based on my age with index funds. My question is about the make up of the S&P 500 and specifically I'm concerned that the majority of the top stocks a large tech firms. It seems possible that we have seen the peek of these firms similar to the dot com bubble, so I'm rethinking continuing to invest due to this risk of collapse. Can you help me understand how to manage that risk? Timestamps: 3:27 - What Is An Index? 7:05 - Why We Invest 11:22- Importance of Diversification 14:15 - How Do You Enjoy Investing? 16:59 - Market Capitalization 19:25 - Aligning Your Financial Goals LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don't miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

Ear to the Ground / Clust i'r Ddaear
#64 – Innovation & Diversification Wales 2022

Ear to the Ground / Clust i'r Ddaear

Play Episode Listen Later Jun 22, 2022 32:30


With the long-awaited return of the Innovation & Diversification Wales event, we took the opportunity to attend and catch-up with two of the headline speakers – Tom Pemberton and RegenBen. Tom Pemberton is a farmer, television personality, best-selling author and social media phenomenon from Lancashire, and Ben Taylor-Davies from Ross-on-Wye (aka RegenBen) is an agronomist turned regenerative agriculture consultant.

Money Talks Radio Show - Atlanta, GA
Case Study: Investing Don'ts for Volatile Markets

Money Talks Radio Show - Atlanta, GA

Play Episode Listen Later Jun 21, 2022 13:04


Research Analyst Nick Antonucci, CVA, CEPA, Managing Associate D.J. Barker, CWS®, and Financial Planner Zach Alexander, CRPC®, BFA™ team up to discuss what investors should and shouldn't do in volatile markets like we are currently seeing. Read the Article: https://www.henssler.com/history-may-seem-rosy-but-future-is-still-bright-despite-volatility 

OsazuwaAkonedo
Evboesi Oil Palm Plantation Will Improve Diversification Of State Economy From Crude Oil – Obaseki

OsazuwaAkonedo

Play Episode Listen Later Jun 20, 2022 0:52


This episode is also available as a blog post: https://osazuwaakonedo.news/evboesi-oil-palm-plantation-will-improve-diversification-of-state-economy-from-crude-oil-obaseki/20/06/2022/ --- Send in a voice message: https://anchor.fm/osazuwaakonedo/message Support this podcast: https://anchor.fm/osazuwaakonedo/support

OrthosPower
#57. Marie. Parent équipé.

OrthosPower

Play Episode Listen Later Jun 20, 2022 57:30


Dans cet épisode, je reçois Marie, créatrice du site "parent équipé", dans lequel elle propose de nombreux supports pour l'accompagnement des enfants présentant un trouble de l'oralité alimentaire. On parlera carnet d'activités, ateliers pour les professionnels de santé comme pour les parents, vidéos courtes, livres, permettant de diversifier l'alimentation dans le plaisir. Références bibliographiques citées dans cet épisode: « L'accompagnement à la carte » d'Isabelle Barbier  : https://isabellebarbier.com/livres-pour-orthophonistes/   « Conquer Picky Eating for Teens and Adults: Activities and Strategies for Selective Eaters » de Jenny McGlothlin et Katja Rowell : https://www.amazon.fr/Conquer-Picky-Eating-Teens-Adults/dp/1986385930/ref=sr_1_1?__mk_fr_FR=%C3%85M%C3%85%C5%BD%C3%95%C3%91&crid=3AWLPY76Z504E&keywords=conquer+picky+eating&qid=1648821137&sprefix=conqueer+picky+eating+%2Caps%2C82&sr=8-1   « You are not an Otter » de Melanie Potock : https://www.amazon.fr/You-are-Not-Otter-Adventurous/dp/1697879837/ref=sr_1_1?__mk_fr_FR=%C3%85M%C3%85%C5%BD%C3%95%C3%91&crid=2T1OXPJL5KLMG&keywords=you+are+not+an+otter&qid=1648821266&sprefix=you+are+not+an+otter%2Caps%2C99&sr=8-1 

On the Middle East with Andrew Parasiliti, an Al-Monitor Podcast
Saudi Arabia banking oil windfall to keep focus on fiscal discipline, diversification, says Stephen Kalin

On the Middle East with Andrew Parasiliti, an Al-Monitor Podcast

Play Episode Listen Later Jun 17, 2022 24:13


Stephen Kalin, Wall Street Journal Middle East Correspondent based in Riyadh and Dubai, breaks down the issues around US President Joe Biden's upcoming visit to Saudi Arabia and the region, including Iran, Yemen, Israel normalization, and global energy security….and how Saudi Arabia is managing the windfall from higher oil prices.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Invest Wisely with Walt Sokira
Invest Wisely Episode 171 - June 12, 2022

Invest Wisely with Walt Sokira

Play Episode Listen Later Jun 17, 2022 30:05


ll discussion during Invest Wisely program is intended for informational and educational purposes, and it is not an offer to buy or sell, or solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy.We do not offer tax, accounting, or legal advice. Consult your tax or legal advisor before making any decision that could affect your tax or legal situation.All investing involves risk, including the possible loss of principal. You should carefully consider investment objectives, risks, charges, and expenses of any investment before investing. Diversification and asset allocation do not guarantee a profit or guarantee against a loss.Securities and Investment advisory services are offered by Robert W. Baird and Company, Incorporated, a Registered Broker-Dealer and Investment Advisor, Member NYSE/ FINRA/SIPC

Perfect Game Retirement
Ep 59: Mailbag - True Diversification, Inherited Home, and Long Term Care

Perfect Game Retirement

Play Episode Listen Later Jun 16, 2022 20:07


It's a mailbag edition of the show! We will be answering some listener questions that have come in. This time around, we will discuss the tax implications when you sell an inherited home, what true diversification is, and long-term care considerations. Show Notes: Call: 470-508-0508 Website: https://blackoakam.com/

Money Life with Chuck Jaffe
G Squared's Greene: Look at large value, ignore diversification

Money Life with Chuck Jaffe

Play Episode Listen Later Jun 15, 2022 59:29


Victoria Greene, chief investment officer at G Squared Private Wealth, says that investors should look at where they can be best off given current global economic conditions, and says that will bring investors to large-cap domestic value stocks, and she notes that investors may not want to pursue broad diversification because the strategy tends to struggle during times of stress. "It only works when the market is working," she says, "and right now the market isn't working." She expects a recession in short order, though she believes most investors should stick with their plans rather than making moves in response to market conditions and headlines driven by volatility. Also on the show, Ed Carson, news editor at Investor's Business Daily, discusses the latest IBD/TIPP Economic Optimism Index, which showed that economic optimism is at its lowest point in over a decade, and the personal financial outlook has never been lower since the index was created in 2001. Mike Hunstad, global head of equity and quantitative strategies for Northern Trust Asset Management, discusses how proposed regulatory changes to ESG investing will help consumers know what they are buying, and why environmental, social and governance oversight -- particularly combined with factors like investing in "quality" -- should lead to superior returns over time, and author Hal Weitzman discusses his book, "What's the Matter with Delaware: How the First State Has Favored the Rich, Powerful and Criminal – and How it Costs Us All."

The Passive Investing Show
E06: Provided by client: Invest in Tech Startups with Neal & Rakesh Gupta

The Passive Investing Show

Play Episode Listen Later Jun 15, 2022 33:35


Investing in a startup can be risky and quite tricky. If you aren't careful, you might find yourself losing all your investments. Knowing what to look for in startup companies and how to reduce risk is crucial. In the sixth episode of the Passive Investing Show, J and Ashley are joined by Neal and Rakesh Gupta to discuss what your expectations and considerations should be in startup investment. They talk about exercising due diligence, reducing risk in investing, and the potential of crypto startups. Here are some power takeaways from today's conversation: Companies with founding teams that can pivot well often turn out to be successful. Invest across diverse industries. Look for startup companies with revenue to reduce risk. If you're planning on investing in an industry you are unfamiliar with, consult with experts in that field first. Episode Highlights: [03:41] What KiwiTech Does KiwiTech engages in software development in exchange for partial equity and partial cash. It provides clients with development at a subsidized rate and a strategic partner to help them grow. They work with seed-stage companies that have software as a key component of their business. [09:45] Working with KiwiTech Direct investments are not easy to enter into with early-stage tech; KiwiTech's platform is a diversified way to do so. Their Demo Days offer a format for portfolio companies to raise money by connecting them to investors and mentors. Initial investors and founders negotiate the investment, but their typical investment size is $250,000. [13:57] Exercising Due Diligence Look at the startup's founding team. Most companies that become successful are the ones that have pivoted and done it well. Investors should also consider looking into the industries they have experience in since they will have a better understanding of how things work. If you want to reduce risk, look for companies with revenue. [17:42] What to Expect in Startup Investments When investing in a startup, assets can disappear quickly. Diversification is important; investing in more companies across verticals will reduce the risk of ending up with zero. If you're investing in an industry that you are not familiar with, consult with experts in that field. [24:47] Web3 and Crypto Web3 has growth potential. Decentralized finances allow for more seamless and efficient national and international transactions. Crypto and NFT startups may have significant value creation in the coming years. Notable Quotes from the Episode: [17:56] “In a startup, it can go to zero very quickly. There could be a variety of reasons that happen that are beyond the control of even the founders. So diversification is really important.” [18:32] “If you invest in five startups, it's possible you end up with zero because all five could go to zero. But if you end up investing in more, you have a better shot.” [25:39] “Will Bitcoin go up by 10x in the next year? Probably not. But a crypto startup or an NFT startup could, so there's opportunity for a lot faster value creation in doing picks and shovels for the gold diggers.” Resources Mentioned: KiwiTech KiwiTech Demo Days The Passive Investing Show

Take Back Retirement
42: What Women Need to Know When the Stock Market Goes Down

Take Back Retirement

Play Episode Listen Later Jun 15, 2022 28:46


Today, Stephanie and Kevin dissect stock market downturns. They first warn their audience not to get thrown by points, and to instead evaluate percentages as points are subject to change and can exaggerate the reality of a change. Stephanie emphasizes the importance of timeframes when looking at returns, addressing the human fixation on annual returns that are not necessarily the most accurate reflection of individuals' returns. This opens a discussion of averages, which they reassure to listeners are, usually positive. Kevin explains where the most used estimate, an annual return of 8%, comes from, and why you rarely see somebody actually earn that average.   They then explore the innate desire for control, which sees investors wanting to maximize their earnings by investing at the trough and selling at the peak, a near impossible task. Great reward requires great risk, or as Stephanie puts it, “You have to ride the roller coaster. You've got to buckle yourself into that seat, grit your teeth, close your eyes if you need to, white knuckle, but you've got to ride it.” Despite what experts say, nobody knows when we're at the top or the bottom of those peaks and troughs.   Stephanie and Kevin discuss the value of diversification. In sacrificing the possibility of massive gains, you also reduce some of the risk. Stephanie suggests the sandbox approach if you want to play, but still sleep soundly.    They look at evolutions of financial strategies for the individual, and the granular approach to finances which requires personalized financial planning and investment adjustments. Stephanie reminds listeners, “It's never a bad time to check in and make sure that the strategy you picked, however many years ago, is still appropriate for you.”     Key Topics: Introduction (1:22) Points versus percentage (2:10) The importance of timeframes (4:27) Using averages to manage expectations (7:24) Volatility and higher returns (9:08) The dangers of timing the market (14:14) Diversification (17:46) Granular investment approaches (21:22) Reassessing your strategy (23:14)     Resources: Take Back Retirement Episode 29: How Much Cash Should I Have and Where Should I Be Putting It? Investing Done Right image (referred to at 19:20)     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com    You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Inside Outside
Investing in Emerging Markets, Startup and Corporate Innovation & Market Dynamics with Courtney Powell, COO and Managing Partner at 500 Global

Inside Outside

Play Episode Listen Later Jun 14, 2022 19:32


On this week's episode of Inside Outside Innovation, we sit down with Courtney Powell, COO and Managing Partner at 500 Global. Courtney and I talk about investing in emerging markets, the differences between startup and corporate innovation, and the current market dynamics that startups and corporate should be paying attention to.Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started. Interview Transcript with Courtney Powell, COO and Managing Partner at 500 GlobalBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Courtney Powell. She is COO and Managing Partner of 500 Global. Welcome to the show. Courtney Powell: Thank you so much for having me. Excited to be here Brian. Brian Ardinger: In a certain way, it's coming back to our original roots of the Inside Outside podcast. Where the original podcast episodes were an inside look at startups outside the valley. And we thought, hey, what better way to have a conversation around that then inviting you to talk about what's going on at 500 Global. Because for those who may not be familiar with 500 Global's $2.7 billion under assets and management. You've invested in probably 2,000 to 3,000 startups around the world. And 45 Unicorns have come out of that, in nine different countries. So, you've definitely been on the forefront of looking at what entrepreneurship is outside the valley. Can you talk about your journey into this innovation space from entrepreneur to corporate innovator to venture capital? Courtney Powell: You kind of mentioned a little bit about 500's history in terms of starting in the Valley, but then pretty quickly deciding to invest worldwide. So, I actually came to know 500 pretty early into my own entrepreneurial journey.So, in 2010, I was based in Austin, Texas. And I had already actually been a part of a really early startup that had done well. But I joined when I was 19. So, one of the first employees with the two other gentlemen who started it. I kind of watched firsthand as that company went from literally being, I remember it so clearly in my mind, it was like a yellow legal pad that they were describing the technology on that they wanted to do. The company was called Boundless Network and they were trying to create automated group buying software for corporations who wanted to buy pens and koozies. And drive down the cost by having this kind of group buy system. So I saw really up close what it was like to go from this legal pad to raise what I think amounted to, you know, more than $50 million ultimately.And the company then got acquired down the road by Zazzle's. I saw this journey and right away knew that this was my calling. I wanted to start companies. And so about five years after I started working at Boundless in 2010, I launched my own company, which at the time was really early in marketing automation consulting.So, I was doing Salesforce implementation, also marketing automation consulting. That taught me a lot about what it was like to run my own company and particular consulting firm, which you know, has a lot of challenges. A few years into that, I was struck with an idea for my first tech startup. And that was around helping consumers when they had problems with big companies like Time Warner Cable, or Airlines, or, you know, Telecoms or all these other companies.So long story short, I started the company in Austin. And in Austin, the venture network at that time was very small. It's still relatively small, but very, very small then. And I remember feeling like, okay, I don't really know how to get plugged in to the network here. I am a female, a young mother trying to raise capital. I'm the only woman in the room and, you know, in 99% of the cases. And somebody told me about 500. So, 500 had just started, you know, they were a year, I guess, into existence. And I made my way to the Valley. Applied to the accelerator. Got into one of their early accelerators. And that was really my first introduction to the world of Silicon Valley. And having received investment from 500. After that, I then ran that company for a few years before shutting it down. And then got into building consumer real estate tech.And I eventually became CEO of another company called Agent Pronto. Which is still up and running. Ultimately it got acquired by Fidelity. And then after my time at Agent Pronto, I joined Keller Williams. And I joined Keller Williams, not as a real estate agent or at the brokerage level, but at the parent company level. Where I focused not just on building out consumer tech initially, but eventually got into corporate dev.And began helping them to diligence companies, look at investment opportunities, and long story short decided that, you know, I wanted to move it to venture someday and see the other side of the table and eventually made my way to 500. Brian Ardinger: Excellent. I want to dive into 500 and what you're doing now. And can you talk a little bit about the strategy that 500 has employed to uncover high value opportunities in under-invested markets?Courtney Powell: Yeah. So, you know, as I mentioned, it was really two things that 500, I like to say, got right. One was this idea of diversification. You know, especially when 500 started in 2010, the idea of investing in a 100, 200, 300, 400 companies a year was very, very new and controversial. Diversification was really important.And then as I mentioned, also investing outside of the Valley. Even when 500 was looking for example, to move the office from Mountain View to San Francisco in 2013, that was still odd. Let alone the idea of, you know, investing today in over 80 countries. That really just came from the belief that we knew that there was talent everywhere. And really, it was just a matter of being able to pair that talent and those opportunities with capital. And I would also say the practices that maybe were commonplace in Silicon Valley, that in other countries and other regions, weren't yet as mature as what we were used to in the Valley. So that combination of both the investment practices. The friendliness toward founders. The standardized terms. You know, the combination of really wanting to not just provide capital, but also make sure that we were bringing founder friendliness, standardized terms, to these other regions and just trying to, you know, meet these founders who were creating incredible ideas and definitely had the skillset to be able to take things forward. That was really the spark and the ethos that has built 500 into what it is today. Brian Ardinger: It's interesting. You talked about some of the positive benefits that the Valley brings as far as when it comes to venture, and that. Can you talk to maybe some of the bad habits that venture capital in Silicon Valley, you try to avoid when going into different markets?I think about some of the things of over-indexing, for example, as you have to be a Stanford grad or things along those lines that you typically hear about. How do you avoid some of the habits or bad habits or traps that venture capital in the valley is known for? Courtney Powell: I mean, I think it's definitely well-known that venture capital as a whole has a diversity problem. I think of that problem, not just in terms of the demographic diversity, but also the geographic diversity as well. So, I think with 500, in particular from the beginning, there was a focus on a couple of different things. Number one, having been built by operators and people who didn't have the Stanford background necessarily. I think made the firm keenly aware that there were many other people out there who maybe had a non-traditional path who wasn't the 20-year-old Stanford male.And so right away was really actively looking to not only invest in founders who were diverse, but hire teams, investment decision makers who were diverse. So today, I mean, I know there are very few funds and firms led by females. I think we have been really open with our own diversity stats and our own commitment with regard to investing in underrepresented founders.And as I said, also, geographically. I think this is a huge opportunity, as well. So, I do think that you see today is still only just a few percentage points of VC actually being invested into women. I think that's such an interesting stat because around the world, even in the Middle East, for example, where people often think that, of course there couldn't be like a huge amount of deal flow of female founders, almost 30% of our portfolio is female founded. In the Middle East. 30%. So, this isn't a pipeline problem. It's not a pipeline problem in the U S. It's not a pipeline problem anywhere else in the world. It is really the intent, and I think the makeup of the teams who are making investment decisions. Brian Ardinger: So how do you go about identifying talent and how is it different across cultures, across languages and that? Are there things that specifically you look for? Courtney Powell: That's an interesting question. And I think it varies a lot. It has varied over time, as our firm has evolved from starting as an accelerator to today investing multiple stages. All the way from pre-seed to pre-IPO. You look for very different skillsets. But at the end of the day, what has been really critical for 500, is a commitment to, you know, the original ethos backing these founders all around the world. All around the various underrepresented communities. And I think also, you know, the belief that we have that's core, is we say that our mission statement is uplifting people and economies around the world through entrepreneurship. And what we mean by that is we want people who believe that investing is actually the best way to advance societies. To advance individuals as well. So, you know, we want to make sure that we're doing that in a way that is contributing to the development of these ecosystems. And it's done in a sustainable way. And I don't mean sustainable in this sense. You know, more of like the ESG mindset. But more like we want to be contributing to communities where we're hiring people who are going to be long-term in a community. Who are going to bring skillsets back to that community, that they are local to? We really try to avoid the fly in fly out model.And in these ecosystems, we say that we are both hyper-local and global. And that's really true. We're building, you know, long-term teams on the ground. And of course, keeping connected back to our kind of home base in Silicon Valley. But we really believe that we can contribute to an ecosystem in that way. Brian Ardinger: You talk a lot about the diversity in the companies and the people that you invest in. What are some of the opportunities that you're seeing in emerging markets, whether it's region specific or sector specific? What are you seeing out there?Courtney Powell: This year in particular, I've spent a lot of time in the, in the middle east and Africa and Pakistan, which has been really fascinating. And the key lesson that I've learned at my time at 500 is that founders are the same every where.Like the energy, the creativity, this need to kind of bring to life some value or some product, you know, that is inside of you. That energy is the same whether you're talking to somebody in Cairo or, you know, in Iowa, or in Silicon Valley, it doesn't matter. I think some of the trends that we're seeing definitely a huge boom in FinTech. But I'll qualify that and say that the types of FinTech plays that are exciting in emerging markets are very different in some sense than what you might see today coming from the Valley. So, a huge emphasis on financial inclusion. So, if we just take Pakistan for a moment. 230 million people in Pakistan. Less than 300,000 people have ever made an investment in the stock market. So that tells you, you know, the gap that exists. Or I was in Senegal recently. And Senegal, the population size is escaping me. I think it's about 30 million. But less than 30,000 people have salaried jobs. So, the ability to create really infrastructure level products for financial inclusion, to bring people out from the shadow banking world and into a more traditional and hopefully better system, I think is really incredible.Brian Ardinger: We talked earlier about you had a chance to spend some time in the corporate innovation space as well. I'd love to get your insights on how corporate innovation compares to some of the things that you're seeing in startup innovation. What's similar what's different? Courtney Powell: It's very interesting to me now to reflect back on my time in corporate development and corporate innovation, because today I'm often asked to do that at the government level. Where we'll come in and work, you know, with these governments around the world who are trying to take on actually a very similar mandate, right? How do we incorporate this innovation into our own workforce? But at the same time, you know, there's also some startups that we're looking to back. And, you know, I think what I took away from my time in corporate innovation, there's a lot of room to create misaligned incentives. What I hear and have seen is oftentimes we have corporations who are trying to either buy an innovation and become innovative by osmosis. Or by innovation and quell it immediately and create an exclusive product for themselves. Right. And both of those things I think are very, very difficult to do. But I've also seen it work well where both parties are very upfront about what they can bring to the table. And the guardrails are really set up front. In order to either A: Allow innovation to continue to flourish or B: Know exactly where in the value chain they're expected to build into. You know when they're acquiring these companies. We get asked a lot of time as 500 to help corporations create these programs for themselves, run accelerators, this type of thing. And I've seen some of that be successful as well. But again, it really has to be about understanding what those incentives need to be and, you know, making sure all parties are really aware of what the opportunities are. So, I think it's tricky and I see it now much differently, you know, as the other side of the table, I think. I still think, you know, you've got great examples of companies out there who get it right. And build teams and let them run. And give them the mandate and the support needed to really, you know, find some innovative ways to bring themselves into the digital world. Brian Ardinger: Absolutely. I don't know if it's similar type of dynamics in a startup realm around how difficult it is to create a billion-dollar company from scratch. I think it's probably similar odds for corporations oftentimes to think and become an innovative company. Courtney Powell: I think that's a great way to put it. And you know, I actually think one of the best examples of corporate innovation that we've ever seen is probably not one that we think of as corporate innovation, which is Amazon.Amazon building their core business of course their online retailers and platforms but having given teams within Amazon the freedom to experiment with something on like AWS who today is driving like the biggest profit center of the company. But again, that's less of an initiative and more, just a result of a culture that it's okay to fail. That's really, I think the innovative characteristic that a lot of the programs that, you know, I think have evolved maybe could use more of. Brian Ardinger: Absolutely. Obviously, we're living in very uncertain times. Current market dynamics are changing, especially in the United States where you're hearing a lot of venture capital firms saying, you know, buckle up for downturns and recessions and everything around that. What is your take on the current market dynamics? What are you seeing both inside or outside the Valley? Courtney Powell: You know, I've been asked this question a lot in emerging markets, because I think people are really looking to understand the U S position right now. I think generally speaking from my vantage point, it will be difficult to curb the volatility unless inflation is dealt with much more aggressively than what it has been in recent months and even years. Now, I think in terms of how it's affecting the startup ecosystems around the world I am definitely seeing a slowdown at the later stage and that's across markets. You know, whether it's the US or the Middle East, or I'm hearing less about East Asia, but certainly already in Europe as well. Those later stage rounds, I mean, you had the market, you had Tiger, SoftBank, people kind of flooding these big, late-stage rounds who now are suffering in the public markets. And therefore, they don't have as much cash to cross over with. I think that's a real consideration for later stage investors.We're seeing less of it in the seed stages. However, I think that people are pretty spooked. Founders are spooked. So, I think so many people are telling their own portfolios to really just kind of buckle down. And we're starting to see founders just try and close these rounds as quickly as possible.And you know, it's a great opportunity to focus on, you know, on one side of the table, on your unit economics. And if you have the war chest right now, then it's a great time to deploy it. So, I think there will be people who come out ahead of this downturn. Certainly, it's a great time to deploy capital. And I think we all hope that whatever this is over quickly. But in any case, the arc of history is still heading toward technology just leveling every single industry. So, I think there's still a lot of upside to be had. For More InformationBrian Ardinger: We are definitely living in interesting times, and I really do appreciate you coming on Inside Outside Innovation to tell us a little bit about what you're seeing out there. Courtney, if people want to find out more about yourself or about 500, what's the best way to do that? Courtney Powell: For myself, you can follow me on Twitter @CourtneyPowell and same on LinkedIn. And with 500, you can check us out at fivehundred.co or follow us @500globalVC on Twitter. Brian Ardinger: Excellent. Well, Courtney, thanks again for being on the show. Really appreciate it. And looking forward to continuing the conversation. Courtney Powell: Thanks so much Brian. Take care.Brian Ardinger: That's it for another episode of Inside Outside Innovation. If you want to learn more about our team, our content, our services, check out InsideOutside.io or follow us on Twitter @theIOpodcast or @Ardinger. Until next time, go out and innovate.FREE INNOVATION NEWSLETTER & TOOLSGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HEREYou can also search every Inside Outside Innovation Podcast by Topic and Company.  For more innovations resources, check out IO's Innovation Article Database, Innovation Tools Database, Innovation Book Database, and Innovation Video Database.  Also don't miss IO2022 - Innovation Accelerated in Sept, 2022.

Disruptive Forces in Investing
The Paradigm of Purpose and Profit

Disruptive Forces in Investing

Play Episode Listen Later Jun 14, 2022 18:26


As more companies across the business ecosystem face increased scrutiny on Environmental, Social, and Governance issues, the more they will need to respond. What has changed in the world that makes thinking about sustainability so critical to companies and investors? How can companies respond in a way that goes beyond ticking-the-box exercises to capitalizing on these megatrends? And what is the role of investors in terms of measuring outcomes and engaging with companies? In this special episode of Disruptive Forces, Jonathan Bailey, Head of ESG Investing, sits down with George Serafeim, the Charles M. Williams Professor of Business Administration at Harvard Business School, and member of our ESG Advisory Council, to share more about this topic from his upcoming book, Purpose and Profit: How Business Can Lift Up the World.     This podcast includes general market commentary, general investment education and general information about Neuberger Berman. It is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness, or reliability. All information is current as of the date of recording and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. This material may include estimates, outlooks, projections and other “forward-looking statements.” Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. Diversification does not guarantee profit or protect against loss in declining markets. Investing entails risks including the possible loss of principal. Investments in hedge funds and private equity are speculative, involve a higher degree of risk than more traditional investments and are intended for sophisticated investors only. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.   Discussions of any specific sectors and companies are for informational purposes only. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. Specific securities identified and described do not represent all of the securities purchased, sold or recommended for advisory clients. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. Any discussion of environmental, social and governance (ESG) factor and ratings are for informational purposes only and should not be relied upon as a basis for making an investment decision. ESG factors are one of many factors that may be considered when making investment decisions.     This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit http://www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.    The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC.   © 2022 Neuberger Berman Group LLC. All rights reserved.

What’s Treading with Tire Review
Creating Consistency & Scaling Up - Lessons from Tires Plus' Jarid Lundeen

What’s Treading with Tire Review

Play Episode Listen Later Jun 14, 2022 20:17


Even when Jarid Lundeen worked in the restaurant and banking industries, one thing about the customer experience always stood out to him: Consistency. Early on, he learned consistency creates success, which is what he looks to instill in his four Tires Plus locations in Minott, North Dakota. But how do you do that?Jarid tells Johnny g in this latest episode of Johnny g & Friends, presented by Firestone. Jarid not only touts consistency in the tire business but also diversity and scaling up as a means to success as a businessman. As the CEO and president of JETT Management, Jarid has four Tire Plus locations plus four Valvoline Instant Oil Change stores and a barbecue restaurant under his belt and is an example in each of his businesses of how a consistent customer experience can lead to repeat business.Jarid got the hang of the automotive industry as a young boy hanging out with his dad at his father's body shop. Over the years, he strayed away from the industry, yet was called back after his father asked him to partner with him on a Tires Plus location. Since then, he bought his father out and has grown his footprint with much more on the way. Watch the episode above or on YouTube. You can also subscribe to Johnny g & Friends on Apple Podcasts, Google Podcasts and Spotify.EPISODE OVERVIEW- How Johnny g and Jarid first met (1:40)- What Jarid learned working in the banking and restaurant industries and how he applies that to his businesses today (3:00)- Why Jarid has diversified his portfolio to not only include tire stores and why he feels that will benefit him down the line (4:13)- Jarid describes his early years growing up in his father's body shop and the skills he learned, such as creating conversation, from the experience. (5:47)- Why Jarid was attracted to invest in Valvoline Instant Oil Change stores and his view on how the oil change should work in relation to his tire shop (7:08)- Jarid's goals for his businesses, including his tire business, oil change business and Bones BBQ restaurant and why the need for replication is paramount across processes at all three (8:54)- Mentors Jarid has had in the tire industry (12:40)- Why Jarid thinks it's important to scale up in business and grow (14:49)You can also watch Johnny g & Freinds on YouTube at https://www.youtube.com/watch?v=kgfm_UrqXz4&list=PLVkqUUE022sfk413J6lVAaPFH4Wc2ORLyMore on Firestone: www.firestonetires.com.

Three Word Podcast
Episode 157, 3 Strategies from the Father of Business-Warren Buffett!

Three Word Podcast

Play Episode Listen Later Jun 14, 2022 8:42


Simplify Your Sales and Business meetings. Lisa Thal is an Author, Speaker, and Business Coach. She has over 35 years of marketing, sales, and leadership experience. She wrote the book "Three Word Meetings."  Lisa coaches leaders on simplifying sales and business meetings with fun and interesting 3-word  topics to motivate and inspire your sales team.   Episode 157, 3 Strategies from the Father of Business-Warren Buffett!   Happy Fathers Day to all the great men I have the privilege of working alongside and those Fathers and mentors impacting others' lives. Thank you!   I was thinking about the one Father I have never personally met, who has taught me business and life lessons over the years, Warren Buffett. At 91, he continues to share his road map of success with so many of us.   I thought it would be fun to share several insights and strategies from the most recent Berkshire Hathaway annual meeting that you can apply to your business.   Consider this question, Should you Diversify your accounts? What Is Diversification? We learned not to put all money into one fund from an investment standpoint. Financial advisers use the phrase; Diversification will mitigate losses or risks by spreading your investments across multiple investments and different vehicles.   The idea behind this is that the positive gains generated by one investment effectively balance out any losses caused by another investment.   When looking at your business and accounts, would you say you are diversified? You likely have several large spending accounts that make up 60% -70% of your income and 40%-30% of other smaller accounts. We get comfort in knowing that we are diversified should any clients go away.   Warren Buffett, the Billionaire investor, feels differently. In his view, studying one or two industries in great depth, learning their ins and outs, and using that knowledge to profit from those industries is more lucrative than spreading a portfolio across a broad array of sectors so that gains from specific sectors offset losses from others.    What should we do? Dig deeper to gain insights into your best clients. We need to know the ins and outs of each account. Where are your opportunities with your clients? What problems could you solve for them, and the investment they need to make with your product or service long-term. Let go of the accounts that don't have the budget and take time away from you, focusing on accounts with upside.     Knowledge Is Power Buffett created a fortune by acquiring knowledge about finance and specific companies and industries. He took that knowledge and hand-picked his investments. The part of the quote about how important it is to know what you're doing is something Buffett can speak to with authority.   An investor who studies trends and understands how different companies and industries react to various market trends profits much more by using that knowledge to their advantage rather than passively investing across a wide range of companies and sectors.   The same theory applies to our clients. Knowledge is Power! We have to study trends and understand the different clients we work with to be able to help them. Our clients are buying knowledge from us. They are investing in you and your company for profits for their company.   The person and company that helps them achieve this based on data, which is knowledge, market trends, and opportunities in the marketplace, and brings a solution to what they need will win the business. It's our job to maintain that with each of our clients.    How to beat inflation With inflation at its highest level in 40 years, shareholders wondered how to protect themselves from losing purchasing power as prices climb higher.   "The best thing you can do is be exceptionally good at something," Buffett said. "Whatever abilities you have can't be taken away from you."    Buffett said the way you get paid or the amount might change with inflation, but if you're the best at what you do, people will always be willing to exchange some of what they produce for what you deliver. "The best investment – by far – is anything that develops yourself," he said.   To be successful in business, keep your skills relevant and keep learning.    That's why professional development is essential. To continue progressing in your sales career, consider developing and refining the following skills.   Ten Sales skills to help your business. Effective Communication Product Expertise Problem Solving Business Acumen Negotiating Prospecting Collaboration Relationship-Building Following Up Closing Adaptability Active Listening   In most cases, people buy from those they like and trust. What can you do to keep investing in yourself? What additional skills or knowledge can you gain to protect yourself? Protect your relationship with your current clients and gain new customers?    It starts by asking yourself whether you would buy your product or service. Suppose it's a yes; congratulations. If you are unsure or it's a no, let's learn the skills to make it a Yes.   Change one habit Warren Buffett has always shared his success tips for better investing and living a better life. He has done this by leading by example and one habit at a time.     Warren's advice may be a good starting point to overcoming obstacles that may be keeping you from achieving your full potential. It's a simple theory, Get rid of your bad habits.      This process isn't as challenging as you imagine, so the first thing to do is stop thinking about all the changes you need to make. Instead, focusing on improving one thing at a time is the key to lasting change.   It's those bad habits that keep you stuck and not moving forward. It starts with the people you surround yourself with every Day. My mom would always say to me you become whom you hang around. If you want to achieve things in life, surround yourself with those that have achieved them. Create an environment of growth and stretch yourself with those more intelligent, more innovative, and authentic who have your best interest.   Investing in you is the best return on investment!    Learn more about Simplifying Your sales meetings using 3-word topics at threewordmeetings.com.

Milkshaker
Marie Ruffier Bourdet : La DME : Meilleure méthode de diversification ?

Milkshaker

Play Episode Listen Later Jun 14, 2022 34:06


Vous le savez chez Milkshaker on casse le cou aux idées reçues pour vous rendre la vie plus simple et vous donner toutes les clés pour faire des choix éclairés.Alors pourquoi se dit-il que ce serait la meilleure méthode ? On la somme même d'être plus respectueuse de l'enfant. Qu'entend-on par là et est-ce vrai ? doit-on choisir entre les purées et les morceaux, au soit-disant risque que mon bébé s'étouffe si je lui donne des deux ?Marie je vous le rappelle est ergothérapeute et spécialisée dans les difficultés alimentaires des tous petits, et c'est donc elle qui va répondre à ces quelques interrogations et injonctions que l'on voit circuler sur ce mode de diversification.Belle écoute.Charlotte Voir Acast.com/privacy pour les informations sur la vie privée et l'opt-out.

The Dave Ramsey Show
Never Violate the Rule of Diversification (Hour 1)

The Dave Ramsey Show

Play Episode Listen Later Jun 13, 2022 41:54


Dave Ramsey & Kristina Ellis discuss: Moving from self-employment to working for a company, The value of working during college, Why you should avoid single stocks and diversify, What to do after selling a rental house. Support Our Sponsor: Zander Insurance: https://bit.ly/2Xbn7hD  Churchill Mortgage: https://bit.ly/2JcfkGy Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

AviaDev Insight Africa
211. Talking Agility, Stability and Diversification with Mesfin Tasew, CEO of Ethiopian Airlines

AviaDev Insight Africa

Play Episode Listen Later Jun 13, 2022 32:50


Invest Wisely with Walt Sokira
Invest Wisely Episode 170 - June 5, 2022

Invest Wisely with Walt Sokira

Play Episode Listen Later Jun 11, 2022 30:35


ll discussion during Invest Wisely program is intended for informational and educational purposes, and it is not an offer to buy or sell, or solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy.We do not offer tax, accounting, or legal advice. Consult your tax or legal advisor before making any decision that could affect your tax or legal situation.All investing involves risk, including the possible loss of principal. You should carefully consider investment objectives, risks, charges, and expenses of any investment before investing. Diversification and asset allocation do not guarantee a profit or guarantee against a loss.Securities and Investment advisory services are offered by Robert W. Baird and Company, Incorporated, a Registered Broker-Dealer and Investment Advisor, Member NYSE/ FINRA/SIPC

TheNAVigator
EIP's Brothwell: Energy market amid supply woes requires diversification

TheNAVigator

Play Episode Listen Later Jun 10, 2022 11:55


Sam Brothwell, director of research at Energy Income Partners, says that the current cycle of under-investment in capital spending has made it harder for energy producers to respond to the current global supply-demand imbalance; that has pushed energy prices -- for oil, natural gains, electricity and alternatives -- dramatically higher, where they are likely to stay, even as energy companies work to increase capacity and respond to market conditions. Brothwell says that investors should respond to current conditions by diversifying their energy holdings as legislators and corporate executives wrestle with economic issues while searching for solutions. 

What Women Must Know
What Women Must Know - The Camel Milk Revolution with Lauren Brisbane

What Women Must Know

Play Episode Listen Later Jun 10, 2022 59:24


Lauren Brisbane is the Director of QCamel on the Sunshine Coast, which was the first camel dairy in Australia to produce pasteurised camel milk and is the world's only certified organic camel dairy.  She wrote and published a two year study in 2009 Camels in Queensland Opportunities for Diversification. Lauren was the Chair and a founding member of the Australian Camel Industry Association in 2010 – 2017.  She advises both Australian Federal and State Governments on the development of the camel industry in Australia and NGO's on industry matters.   She lives on the Sunshine Coast with her husband of 27 years, 3 children and a herd of over 120 camels.  http://qcamel.com.au

The Chris Miles Money Show
Does Diversification Really Work | 615

The Chris Miles Money Show

Play Episode Listen Later Jun 8, 2022 22:00


Financial advisors tell you to diversify your investments, but successful investors like Warren Buffet say don't do it. What are you really supposed to do? Should you diversify or not? Does diversification really work? How do you truly diversify your investments?  Key Talking Points of the Episode [01:34] Invest with PreREO! [02:28] What do financial advisors say about diversification? [03:51] What do successful investors say about diversification? [08:09] What is the problem with the S&P 500? [09:05] Are you diversifying by investing in stocks and bonds?  [12:15] What are the different asset classes you can invest in?  [13:05] What are paper assets? [13:38] How can you invest in businesses? [15:50] Why is it important to know what you're investing in? [16:23] What can you do in the real estate space? [18:45] Is my portfolio diversified? [19:47] How can you diversify effectively? Quotables “The truth is, you still lose money. Why? Because you're not really diversifying, because you're buying in the same asset class of equities, stocks, and things like that.” “When you don't know what you're doing, just throwing your money at everything is a bad strategy.” “If you think about it from a monetary standpoint, if one is bad, it's worthless.” “Maybe a few of them won and a bunch of them lost, you might be feeling grateful you lost a little bit less, but the truth is, people don't really see that.” “The S&P 500 is not equal across the board with the stocks they have. There's no weighted average there.” “Even when people are losing money in crypto, some people have made money in crypto because they went deep and they really understood that asset class.”

The Jamhole
TJH 777: Reverse Diversification

The Jamhole

Play Episode Listen Later Jun 4, 2022 65:44


TJH 777: Reverse Diversification “What does Blackrock mean to you?” You might have noticed this episode is much… Smaller… You also might have noticed the quality of the sound has also decreased. I would love to say this was on purpose because we're broke … Continue reading → The Jamhole - Stay hungry, stay foolish.

Unfiltered Finance
“Story Stocks” May Have Unhappy Endings - Part Two

Unfiltered Finance

Play Episode Listen Later Jun 2, 2022 29:10


As we all know, no single market trend lasts forever. Even the online streaming industry has fundamentally changed in recent weeks (on the heels of the pandemic). In this episode, we are joined once again by Symmetry's Andrew Willard, Research Analyst, to debate the topic of Netflix's recent financial performance as compared to other, more diversified companies, such as Disney. Visit us at http://www.symmetrypartners.com. You can also find us on Facebook, YouTube, Twitter, and LinkedIn. As always, we remain invested in your goals. Symmetry Partners, LLC, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, excluded or exempted from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss. Due to various factors, including changing market conditions and/or applicable laws, the content may not be reflective of current opinions or positions. Please note the material is provided for educational and background use only. Moreover, you should not assume that any discussion or information contained in this material serves as the receipt of, or as a substitute for, personalized investment advice.

WashingtonWise Investor
Fighting Investing Fears in a Difficult Market

WashingtonWise Investor

Play Episode Listen Later Jun 2, 2022 30:50


When the market gets volatile, turns downward, and keeps throwing curves, it can be hard to stay on track. Mark Riepe, head of the Schwab Center for Financial Research, joins Mike to explore how stress, emotions, and behavioral factors like loss aversion and recency bias can lead to making poor financial decisions that don't fit with our long-term plan. They also share ideas for overcoming these influences and what investors should be doing in these challenging times.Mike also looks at new SEC proposals for standardizing how companies and funds offering environmental, social, and governance-focused investing, known as ESG, describe their products and how they disclose information about their products to investors. He also offers updates on the progress to fill vacancies at the SEC and the final open seat at the Fed. And he lays out which of the dwindling number of bills that have bipartisan support could make it through Congress prior to the mid-term elections.WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.  Important DisclosuresInvestors should consider carefully information contained in the prospectus or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. Please read it carefully before investing.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal. Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.Diversification strategies do not ensure a profit and do not protect against losses in declining markets.Environmental, social and governance (ESG) strategies implemented by mutual funds, exchange-traded funds (ETFs), and separately managed accounts are currently subject to inconsistent industry definitions and standards for the measurement and evaluation of ESG factors; therefore, such factors may differ significantly across strategies. As a result, it may be difficult to compare ESG investment products.Further, some issuers may present their investment products as employing an ESG strategy, but may overstate or inconsistently apply ESG factors. An investment product's ESG strategy may significantly influence its performance.  Because securities may be included or excluded based on ESG factors rather than other investment methodologies, the product's performance may differ (either higher or lower) from the overall market or comparable products that do not have ESG strategies. Environmental (“E”) factors can include climate change, pollution, waste, and how an issuer protects and/or conserves natural resources. Social (“S”) factors can include how an issuer manages its relationships with individuals, such as its employees, shareholders, and customers as well as its community. Governance (“G”) factors can include how an issuer operates, such as its leadership composition, pay and incentive structures, internal controls, and the rights of equity and debt holders. Carefully review an investment product's prospectus or disclosure brochure to learn more about how it incorporates ESG factors into its investment strategy.0622-2HYA

Good Morning Business
Hubert Falco, maire de Toulon et président de la Métropole Toulon Provence Méditerranée - 02/06

Good Morning Business

Play Episode Listen Later Jun 2, 2022 11:11


Hubert Falco, maire de Toulon et président de la Métropole Toulon Provence Méditerranée était l'invité de Sandra Gandoin et Christophe Jakubyszyn dans Good Morning Business, ce jeudi 2 juin. Ils sont revenus sur les atouts de Toulon et les différents secteurs dans lesquels la commune souhaite œuvrer , notamment l'innovation numérique, la cybersécurité, le pôle étudiant et le cinéma, sur BFM Business. Retrouvez l'émission du lundi au vendredi et réécoutez la en podcast.

Disruptive Forces in Investing
Mythbusting Crypto Investing

Disruptive Forces in Investing

Play Episode Listen Later May 31, 2022 22:11


  Cryptocurrency, or crypto, the so-called “wild west” of Wall Street, has been raising eyebrows for quite some time now. Since 2013, there have been over 12,000 different types of coins generated, leaving many wondering what is actually reliable in this market. While some investors might be skeptical of its value, others find that it can be additive to an asset allocation mix despite its volatile nature—particularly in today's market environment. But is there truth to the myths surrounding this investment space? In this episode of Disruptive Forces, Head of Specialty Finance, Peter Sterling, and Head of Options Investing, Derek Devens, CFA, come together with Anu Rajakumar to demystify some of the worries that investors may have on digital assets, and what possibilities may lie ahead for the asset class.     This general market summary and the opinions and beliefs expressed in this podcast are provided for general informational purposes only.  Nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security, and the views and beliefs expressed are not intended to predict or guarantee the future performance of any individual security, market sector or the markets generally.  This presentation is general in nature and is not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Investment decisions and the appropriateness of this presentation should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability, and has not been independently verified. All information, opinions and beliefs set forth in this presentation are current as of the date of this presentation and are subject to change without notice.  We do not undertake to advise you of any change in the opinions and beliefs or the information contained in this presentation.  Any views or opinions expressed may not reflect those of the firm as a whole. We may issue presentations or have opinions that are inconsistent with, and reach different conclusions from, this presentation.  No representation is made that any investment process, investment objectives, goals or risk management techniques discussed herein will or are likely to be achieved or successful.   Any forward-looking opinions, beliefs, estimates, assumptions, outlooks, projections, assessments, or similar statements (collectively, “Statements”), constitute only subjective views, estimations or intentions, should not be relied on, are subject to change due to many factors, including fluctuating market conditions and economic factors.  Such Statements involve inherent risks, many of which cannot be predicted or quantified and are beyond our control.  Future evidence and actual results could differ materially from those set forth in, contemplated by, or underlying these Statements, which are subject to change without notice.  Considering the foregoing, there can be no assurance and no representation is given that these Statements are now, or will prove to be, accurate or complete.  Neuberger Berman undertakes no responsibility or obligation to revise or update such Statements.   Neuberger Berman products and services may not be available in all jurisdictions or to all client types. Diversification does not guarantee profit or protect against loss in declining markets. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Investments in hedge funds, private equity and other private funds are speculative and involve more risk than more traditional investments. Investments in hedge funds, private equity and other private funds are intended for sophisticated investors only.  Past performance is no guarantee of future results.   Portfolio, volatility or return targets or objectives, if any, are used solely for illustration, measurement or comparison purposes.  Such targets or objectives reflect subjective determinations based on a variety of factors including, among others, strategy and prior performance (if any), volatility measures, portfolio characteristics and risk, and market conditions.  Volatility and performance will fluctuate, including over short periods, and should be evaluated over the time indicated and not over shorter periods.  Performance targets or objectives should not be relied upon as an indication of actual or projected future performance.  Actual volatility and returns will depend on a variety of factors including overall market conditions and the ability of to implement the contemplated investment process, investment objectives and risk management.  No representation is made that these targets or objectives will be achieved, in whole or in part.   This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.    The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC.   © 2022 Neuberger Berman Group LLC. All rights reserved.

The Active Duty Passive Income Podcast
ADPI_247: Financial Services & Diversification With Trevor Maxwell

The Active Duty Passive Income Podcast

Play Episode Listen Later May 30, 2022 45:05


In this week's episode, Kevin interviews retired Navy EOD Senior and a member of US VetWealth, Trevor Maxwell. Trevor talks about how he got into Financial Services and the importance of a diversified portfolio in Real Estate."When your resources are limited you have to be as efficient as possible. It's easy for people with a ton of resources to go out and do whatever - but when you're getting started off, that's really a good lesson in frugality and learning how to do more with less."-Trevor MaxwellHere are 5 Key Takeaways from this episode:How Trevor got into Financial ServicesThinking emotionally can create bad decisionsDon't be afraid to walk awayThe significance of having a diversified portfolioThe first step in changing one's financial situationHonorable Mentions & Useful LinksWealth Beyond Wall StreetHBR (Harvard Business Review) Guide to Getting The Right Work DoneConnect with Trevor MaxwellLinkedInWebsiteEmail: trevor@usvetwealth.comPhone: +1 757-493-1131Ready to take the next steps in your Military Real Estate Investing journey? Watch our Masterclass and claim your EPIC reward for action. Tap here to register today!Are you looking for a loan for your next project? Look no further! Check out ADPI Financial Services for all of your residential and commercial lending needs!No Time...No Worries! Get all the info you need now by texting DEAL to 33777Helpful ResourcesConnect with the ADPI: Facebook |  Instagram | YouTubeReady to TAKE ACTION and begin building your cash-flowing real estate empire? Don't go it alone! Check out our exclusive education and coaching products designed for self-starters like the Military Real Estate Investing Academy Support the show

20/20 MONEY
Celebrating diversification, the role of fixed income, portfolio distributions in retirement, and investing in challenging markets with Eric Nelson, CFA

20/20 MONEY

Play Episode Listen Later May 30, 2022 55:56


Welcome to this episode of 20/20 Money! My guest on today's show is Eric Nelson (@servowealth on Twitter). Eric joins us back on the show to talk through being an investor in a choppy market, as we're recording this as the major markets are knocking on the door of a bear market, which is when markets decline 20% from their previous highs. We talk about celebrating diversification, the role of fixed income in the current interest rate environment, portfolio distributions in retirement, and investing in challenging markets when you haven't taken action on your portfolio in a long time.   As a reminder, you can get all the information discussed in today's conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our newsletter and you can also set up a 20-30min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions or check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars.   And with that introduction, I hope you enjoy my conversation with Eric Nelson. Follow us on Instagram: https://www.instagram.com/2020moneypod/  ————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify Google Podcasts Stitcher  ————————————————————————————— For past episodes of 20/20 Money with full companion show notes, please check out our episode archive here!

Real Estate Investing For Cash Flow Hosted by Kevin Bupp.
#441 Finding Your Tax Flow Using a Deferred Sales Trust

Real Estate Investing For Cash Flow Hosted by Kevin Bupp.

Play Episode Listen Later May 30, 2022 66:34


Brett Swartz  is the founder of Capital Gains Tax Solutions and is considered one of the nation's most well-rounded experts when it comes to Capital Gains Tax Deferral, which should be top of mind as we are recording this on April 18th, the deadline for 2021 tax returns and if you had a good 2021 in real estate and didn't have a solid tax plan in place, you probably find yourself stroking a big check to the Uncle Sam. In addition to running his business, Brett is also the host of the capital gains tax solutions podcast and somehow still has the time to be a great husband to his beautiful wife Melanie and father to 5 incredible children. Quote: “Cash flow is important but I'd say it's even more important to have a tax flow plan in place.” Highlights: 05:20: The difference between cash flow and tax flow 07:20: What is a deferred sales trust? 09:30: How 1031 exchanges differ from a deferred sales trust 12:55: Using DST on your cryptocurrency investments 16:20: Why unique tax strategies can help you make a pivot in your life and investments 19:22: Diversification of your investments using DSTs 21:40: How your risk questionnaire impacts your investments 25:00: Using a DST for an assignment deal 26:25: Determining if a DST is a legitimate strategy for them 29:45: Eliminating estate taxes using a deferred sales trust Guest Website: https://capitalgainstaxsolutions.com/ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them: MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link: https://www.timetrade.com/book/KV2D2 

The Plant Remedy Podcast
S3 Ep. 71: From Fighting Fires To Fighting Heart Disease With Rip Esselstyn (Plantstrong)

The Plant Remedy Podcast

Play Episode Listen Later May 26, 2022 83:51


In this episode, Bailey sits down with the author of the Engine 2 Diet, the host and creator of Plantstrong foods and the Plantstrong podcast, and an icon for the plant based movement, Rip Esselstyn. Together they talk about the many facets of the plant based lifestyle and helping people become better educated on the importance of diet and movement for their overall health. Rip brings his experiences, expertise, and his passion to this interview and you won't want to miss it! They touch base on: Being a Podcast host. His inspiring TED talk. Experience working with firefighters, police, & EMT over the years. The 7 day rescue challenge and Engine 2. Growing up and his childhood with such influential parents. His story of Plantstrong and Plantstrong Foods. Preventing and even reversing heart disease! The number one killer in America. America's naughty sodium intake. Advice for family and friends that are resistant to change. Reading food labels. Entrepreneurship and Diversification. And much more! This episode is straight forward, instructive, and positive! Click here to listen. Enjoy this Episode? Leave a comment on Apple Podcasts about your favorite part of the podcast. Help us spread this love. Don't forget to share with a friend! Want our free download? Click here! What's the freebie? On my website there's a free download for "6 easy hacks that you can use through your food, to have a better, less painful period." 100% free and my gift to the community! Simply go to www.chefbai.kitchen and when you sign up in the pop up, you'll get the download sent to your email. Want more info about Rip and Plantstrong? Follow on Instagram @ripesselstyn or @goplantstrong Don't forget to follow Chef Bai on IG and Tiktok @Chef_bai for more podcasts, recipes, wellness info, kitchen tips, and her best selling cookbook. “Cook. Heal. Go Vegan!” Extra Shownotes: Fiber Fueled Book The Pleasure Trap Book

Bootstrap Farmer Radio
How Will Farming Change in 2022? | Bootstrap Farmer Predictions and New Product Hints

Bootstrap Farmer Radio

Play Episode Listen Later May 25, 2022 66:34


Bootstrap Farmer's Nick Burton and Randy Cummings discuss current and rising market trends in Agriculture. They also bring insights for growers looking into diversifying their operations or branding into new markets. Are you interested in broadening your knowledge about current agricultural trends? Whether that be with edible flowers, microgreens, cultivating mushrooms, or cut flowers. Timestamps: 0:00 Intro 0:37 Exploring Market Trends in Agriculture 3:59 Diversification and Leveraging What You are Already Doing 6:03 Setting Yourself Apart with Speciality Products 7:37 Finding a Demand for Your Products 8:08 Leveraging Your Farm for Photography 13:00 Relationship Building in Farming 14:58 Why is Flower Farming Rising in Popularity? 15:55 Utilizing all 4 Seasons as a Local Flower Farmer 20:14 Flower Production Under a High Tunnel 21:30 Demand for Succulents 22:53 Mushroom Farming 24:03 Resources for Staying Up to Date on Trends 26:59 Farm and Homestead Influencers 28:45 Non-Farming Ways to Work in Agriculture 36:29 Finding an Approach that Works for Your Farm and Market 38:55 Customizations and Expenses that Come with 44:00 Standard and Sizing 50:05 Navigating Product Challenges and Optimising Product Information 54:52 Offering Multiple Ways for Demonstrations and Learning 59:34 Meetup Collaborations for Farmers 1:00:55 Collaborations at Bootstrap Farmer www.bootstrapfarmer.com

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
20VC: Oren Zeev on Raising 3 Funds and $1BN in 12 Months; Why Temporal Diversification is BS, Why Both LPs and GPs are Way Over-Diversified & Why Venture Partnerships are Sub-Optimal and Challenging

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch

Play Episode Listen Later May 23, 2022 43:39


Oren Zeev is the Founding Partner @ Zeev Ventures and one of the OGs of solo capitalism. Oren has an incredible portfolio including investments in Audible, Houzz, Chegg, Riverside, Tipalti, TripActions, and Firebolt to name a few. Oren is also very unlike any other VC firm, he does not employ any associates, principals, or staff. He doesn't have partners or partner meetings. No LP meetings. No processes. No investment committees or memos. Nada. Oren is doing it differently. Prior to starting Zeev Ventures, Oren spent 12 years as a GP @ Apax Partners where he c-headed their technology practice in their Silicon Valley office. In Today's Episode with Oren Zeev You Will Learn: 1.) Origins into Venture: How did Oren make his way into venture over 20 years ago? How does the crash of today compare to the dot com and 2008? What is the same? What is different? Why did Oren decide to leave Apax and start Zeev Ventures on his own? 2.) Deployment Pace: Why does Oren believe that the benefits of temporal diversification are overstated? Oren raised 3 funds and over $1BN in a year, how does this current environment impact how Oren thinks about deployment pace? Will he change anything? How does Oren explain deployment pace to LPs who question him? 3.) Ownership: How central a role does ownership play for Oren in terms of his investor psychology? Does Oren believe it is possible to increase your ownership in subsequent rounds, in your best companies? What are the biggest mistakes that big funds make with regards to ownership requirements? Why is there a misalignment between GP and LP when it comes to increasing ownership vs markups? 4.) Price Sensitivity: How does Oren evaluate his own relationship to price today? What have been some of Oren's biggest lessons on price from his biggest wins and losesses? What mistake do the majority of investors make when it comes to price? 5.) Diversification: Why does Oren believe that both GPs and LPs are wildly over-diversified in their portfolios? What is the right amount of companies for GPs to have in their portfolio? How does Oren advise LPs on the right amount of funds for them to be invested with? 6.) Oren Zeev: AMA: What does Oren know now that he wishes he had known when he started his career in venture? What elements of the world of LPs would Oren most like to change? Why does Oren feel that the concept of pro-rata is a lazy one? Item's Mentioned In Today's Episode with Oren Zeev Oren's Most Recent Investment: Bad Blood: Secrets and Lies in a Silicon Valley Startup

WashingtonWise Investor
Current Winners and Losers in the Global Economy

WashingtonWise Investor

Play Episode Listen Later May 19, 2022 26:55


Not all countries have been hit by the financial downturn currently gripping the U.S. and China. Jeff Kleintop, Schwab's chief global investment strategist, joins Mike to discuss why many international stock markets are outperforming the U.S. markets and whether that trend is sustainable. They also look at the impact on the bottom line of companies that pulled out of Russia, China's economic difficulties and what they might mean for U.S. consumers, the outlook for improvements to supply chain disruptions, and how concerned investors should be about the rise in the U.S. trade deficit.Mike also shares updates on additional U.S. aid for Ukraine, the confirmations of Fed nominees, growing concern in Washington about the lack of a regulatory framework for cryptocurrency, and a slowdown in the pace of rules rolling out at the SEC.WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts. Important DisclosuresThe policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal. Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.Digital currencies, such as bitcoin, are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal‐tender currencies and regulated securities have. Due to the high level of risk, investors should view Bitcoin as a purely speculative instrument. Please read NFA Investor Advisory – Futures on Virtual Currencies Including Bitcoin and CFTC Customer Advisory: Understand the Risk of Virtual Currency Trading. Currencies are speculative, very volatile and are not suitable for all investors.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.Commodity‐related products carry a high level of risk and are not suitable for all investors. Commodity‐related products may be extremely volatile, illiquid and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions.All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.Correlation is a statistical measure of how two investments have historically moved in relation to each other, and ranges from -1 to +1. A correlation of 1 indicates a perfect positive correlation, while a correlation of -1 indicates a perfect negative correlation. A correlation of zero means the assets are not correlated.0522-2LAE