Podcasts about illiquid

Is it possible to enhance diversification without sacrificing returns? In this episode of Raise Your Average, Pierre Daillie sits down with Rodrigo Gordillo of ReSolve Asset Management and Corey Hoffstein of Newfound Research to discuss the game-changing concept of return stacking and the launch of the Return Stacked Global Balanced & Macro ETF (RGBM)—now listed on the Toronto Stock Exchange. Discover how this capital-efficient and tax-efficient strategy allows investors and advisors to stack returns from systematic macro strategies on top of a traditional 60/40 portfolio—all without selling core assets. Packed with institutional insights, behavioral solutions, and a dose of ETF innovation, this conversation reveals how ReturnStacked® ETFs is democratizing strategies once exclusive to pension funds and hedge funds. ⏱️ Chapters (Timestamps) 0:00 - Intro: Why diversification doesn't need to mean sacrifice 2:52 - Genesis of Return Stacking: Portable alpha reborn 6:45 - Institutional proof: The Delta Pension Plan case study 11:50 - Solving line item risk & behavioral drag 14:35 - "A spoonful of sugar helps the diversification go down." 17:30 - Kitchen vs. Solarium: Pierre's investing metaphor 20:00 - Defensive leverage vs. LICE (Leverage that's Illiquid, Concentrated, Excessive) 22:30 - Inside RGBM: Structure & allocation explained 26:00 - Three implementation strategies for RGBM 32:00 - Why use RGBM as a return enhancer 36:00 - "Why are we playing the game on hard mode?" 41:30 - Systematic macro: strategy, structure, and why now 47:50 - The power of long-term structural un-correlation 52:00 - Return stacking vs. alpha chasing in equity markets 58:00 - Triple Alpha: Strategy Alpha, Structural Alpha, Tax Alpha 1:00:00 - Closing thoughts & how to learn more

Want to invest in real estate without the headaches of managing properties? Jim Pfeifer, founder of Passive Pockets, shares how he went from active investing struggles to thriving as a full-time passive investor. He explains the power of syndications, what questions to ask before investing, and how his community helps LPs make smarter decisions.  

Today I'm talking to Thao Tran, Co-founding Partner at Vamient Capital.This episode was born from a question I had watching the NFT market place: how do you make markets in illiquid, non-fungible assets? Clearly people were doing it and I wanted to know how it differed from traditional market making.Several people recommended I speak with Thao, and she was kind enough to oblige, despite NFT market making being just a small component of what she does. In this conversation, we walks me through how the NFT market place has evolved, how she thinks about managing inventory risk, key features that impact spreads, and how platform evolutions changed orderbook strategies.In the back half of the conversation, Thao shares her thoughts on the state of crypto markets today, the emerging opportunities in decentralized exchanges, and how the landscape of alpha opportunities has changed over the last two years.I hope you enjoy my conversation with Thao Tran.

This week's episode of THE FINANCIAL COMMUTE features a special session recorded live from Morton Wealth's 2024 Investor Symposium. CEO Jeff Sarti, Chief Investment Officer Meghan Pinchuk, and Wealth Advisor Chris Galeski discuss the advantages and drawbacks of liquidity. Here are some key takeaways from their conversation:It is crucial to maintain 3-6 months' worth of living expenses in a liquid emergency fund to manage unexpected life events without disrupting long-term investment plans.The downsides of excessive asset liquidity include the possibility of making more impulsive decisions driven by emotions and frequent trading, which can promote a shorter-term speculative investing mindset instead of a long-term one.Meghan, Jeff and Chris also discuss adopting an "ownership" mindset when investing. When investors view assets in their portfolio as something they own, like a house, they are more likely to focus on generating wealth and cash flow over time without being distracted by daily price fluctuations or trends.Illiquidity can promote disciplined, long-term investment behaviors, provide structural benefits in pooled investment funds by preventing forced asset sales during downturns, and offer the "illiquidity premium," meaning higher potential returns for investments requiring capital lock-up.Illiquid investments, especially those controlled by third parties, may receive valuation discounts for estate tax purposes, reducing taxable estate values by 20-35%.

In the latest of our quarterly webinars, we discuss selling illiquid investments in preparation for a buy-in, including: David Barnett (partner and senior investment consultant at Barnett Waddingham) discussing the key considerations leading to the decision to sell an illiquid investment. Points to consider when appointing a broker to negotiate the sale of an illiquid investment. Key tax considerations. The process of negotiating the sale of an illiquid investment, such as the documents involved and material points for trustees to be aware of.

Dave Waters returns to The Value Hive Podcast to discuss all things illiquid stocks, dark stocks, the expert market, and lessons learned from past mistakes. Investing nerds will love this episode. Dave is one of the sharpest, most unique investors I know. You'll enjoy this conversation. Finally, a big thanks to our sponsors for making this episode happen. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created ⁠⁠⁠⁠emergingmanagers.org⁠⁠⁠⁠, a website for emerging manager stockpickers. I highly recommend the site for those looking to start a stock-picking fund or just learning about how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more! TIKR TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at ⁠⁠⁠⁠TIKR.com/hive⁠⁠⁠⁠. --- Support this podcast: https://podcasters.spotify.com/pod/show/valuehive/support

Text us your financial questions!July 20, 2024 Henssler Money Talks Episode:Managing Associate D.J. Barker, CWS®, and Senior Associate Logan Daniel, CFP®, CRPC®, are joined by Research Analyst Nick Antonucci, CVA, CEPA, to explore a situation of an investor whose wealth is tied up in illiquid assets like real estate, fine art, or jewelry. They discuss how these assets may be hard to sell quickly if funds are needed and how to diversify to increase liquidity. Read the Article: https://www.henssler.com/the-emotional-and-financial-challenges-of-illiquid-investments  

In this episode of "TIAA Simplified," we delve into three critical aspects of TIAA and your Traditional accounts, aiming to provide clarity and actionable insights.Competence in Financial Advisors:We kick off by addressing an essential issue for TIAA participants: the competence of your financial advisor. It's crucial to ensure that your independent, fee-only advisor is well-versed in TIAA-specific issues. Does your advisor have an APIN number? This can be a good indicator of their expertise in navigating your TIAA journey effectively.Understanding Illiquid Contracts:Next, we highlight the importance of recognizing whether your TIAA Traditional monies are in illiquid contracts. We share a real-life scenario where a TIAA participant discovered just before retirement that a significant portion of her Traditional money was illiquid. This revelation could have derailed her retirement plans, but understanding the nature of illiquid contracts and knowing the right exit strategy can turn this challenge into an advantage. We explain how you can navigate these complexities to protect and optimize your retirement savings.Lifetime Income vs. 10-Year TPA:Lastly, we discuss the decision-making process between opting for Lifetime Income versus the 10-Year Transfer Payout Annuity (TPA). Through another real-life example, we illustrate how a TIAA participant, initially skeptical about Lifetime Income, was convinced by the numbers and benefits. We also provide insights into why some independent advisors might urge you to initiate liquidation strategies for your Traditional assets and how to make an informed choice that aligns with your long-term retirement goals.Tune in to this episode of "TIAA Simplified" to better understand these crucial elements of your TIAA Traditional accounts, ensuring you can make well-informed decisions for a secure and prosperous retirement.TIAA Simplified YouTube Channel

If you're already living the lifestyle you want, what is the point of liquid assets? Is there too much risk in tying up the vast majority of your assets? And more importantly, if you already have far more money than you'll ever need, what is the purpose in continuing to invest for the future when you could be enjoying that money in the present? “Dave” is worth about $150 million, yet he lives on a $600,000 salary that doesn't even cover his monthly spend. Instead of using his existing wealth, he's keeping most of it tied up in private businesses, angel investments, crypto, real estate, and a very small public portfolio. But why? “Dave” is in the early stages of an experiment where he massively over invests in himself, just to see what he can do. That also includes hiring a personal team so he doesn't have to lift a finger with home chores.  In this episode, “Dave” will walk us through why he's living this way, how it impacts how he can spend his money, and we'll get a detailed breakdown of exactly where all of his money is and how much he has access to. He'll also tell us about his experiment: why he's running it, what it actually looks like, and how it's working out. This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: Dave's childhood family finances (2:39) How Dave made his money (4:36) How much Dave has in liquid vs illiquid assets (7:11) Dave's journey to finding confidence (12:22) Dave's assets breakdown (17:31) What Dave's current income his (20:14) How he is investing in himself (21:59) This podcast was produced in partnership with Lower Street and distributed by Morning Brew. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Brisbane Partner and Financial Advisor at EW&L, Ryan Loehr, speaks with one, but two specialists from Ares Management, a leading alternative asset manager responsible for over $600B across credit, private equity, real estate, and infrastructure asset classes.Joining us is Samantha Milner. Sam joined Ares in 2004 and is a Partner, Portfolio Manager and Head of U.S. Liquid Credit Research. Sam is responsible for managing Ares' US bank loan and liquid credit strategies and has an extensive background in financial restructuring, advising on distressed mergers, acquisitions, and private placements. Sam is based out of LA; United States and we are fortunate to get to spend time with her whilst in Australia.Additionally, we are joined by Teiki Benveniste, Head of Ares Wealth Management Solutions in Australia.  Teiki is the client portfolio manager for Australian investors, and is well-tenured, previously coming from Macquarie group as a senior investment specialist and before Macquarie worked for Société Générale in London as a credit analyst and syndicated loan trader.For regular listeners, Ryan has increasingly spent time covering private and liquid credit from various, leading fund managers. In this episode, Ryan does something a little different, by comparing the different characteristics, the pros, and cons of both private and traded loans, and the role that each can play in client portfolios.  Teiki and Sam provide some invaluable insights, and we hope you enjoy this episode. Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

For a market notoriously known for resisting change, the municipal bond market is arguably one of the most in need of advanced technologies. Artificial intelligence may finally bring better fair value pricing to munis' nuanced and illiquid market. In the latest Masters of the Muniverse episode of Bloomberg Intelligence's FICC Focus podcast, Eric Kazatsky and Karen Altamirano are joined by ficc.ai's co-founder, Charles Elkan, to discuss how machine learning and muni ETFs can bring real-time pricing to muniland.

Chris Boyd and Jeff Perry dig into questions from podcast and radio listeners. In this episode Jeff asks Chris about the merits of UITs/Defined Portfolios, Closed-End Funds, & other illiquid types of investments. Jeff also questions Chris about investment portfolios with an overly simplistic design, broad balanced funds, and portfolios with a concentration in a single fund family.   #InvestmentTrusts #DefinedPortfolios #ClosedEndFunds #IlliquidInvestments #InvestmentStrategies #BalancedFunds   Unit Investment Trusts (UITs) Defined Portfolio Investments Closed-End Fund Strategies Illiquid Investment Types Simplistic Investment Portfolios Broad Balanced Funds

In this week's episode, Market Update: The Magnificent Seven continues to carry the indices Empowering Education: Discussing the pros and cons of owning illiquid and liquid assets Faithful Finance: A lesson from Esau and Jacob

As the alternative investment market has grown, structural changes have gradually improved the "user experience" for LPs and advisors. Brian King, founder and CEO at LODAS Markets, joins Andy Hagans to discuss how his firm is providing liquidity in a traditionally illiquid space, creating value for both investors and sponsors.

Illiquid assets may be the talk of the DC town right now, but how can we use them to help maximise long-term returns for members, mitigate potential risks and align them with ESG considerations? And do DC pension members even want them included in their fund defaults? John Roe, LGIM's Head of Multi-asset Funds, and Jesal Mistry, Head of DC Investment, explain. This podcast is moderated by Heather Forse, DC Content Manager.  For professional investors only. Capital at risk.

Interest rates and real estate go hand in hand. Let's say interest rates finally take a dip, what should we do then to leverage it? Join Melvin Lim from PropertyLimBrothers on episode 6 of Cracking The Code on Nuggets On The Go, where he shares 6-8 reasons why not paying down your mortgage may actually be more beneficial than you think.Bite into our nuggets of unconventional financial wisdom as we weigh out the pros and cons of not paying down your mortgage even when interest rates stay put. Tune in and rethink your financial strategy!( 00:00:00) Intro(00:01:36) High Interest Environment Leverage of Pay Down?(00:03:40) 1 // Leveraging Good Debt 4x your wealth(00:08:05) 2 // Inflation Erodes Debt(00:12:22) 3 // Net worth remains the same(00:13:18) 4 // Liquidity is more important than paying down trapped equity(00:13:48) 5 // Leverage with insurance(00:15:49) 6 // Interest Rates might come down eventually(00:16:48) Resale sellers & developers will not sell when interest rates drop(00:17:19) 7 // You pay interest till the day you sell, not for the full period(00:18:04) 8 // Use Interest Offset accounts facilities to offset your mortgage interest(00:18:35) Wrap Up

BIO: Gino Barbaro is the co-founder of Jake & Gino. He is an investor, business owner, author and entrepreneur. As an entrepreneur, he has grown his real estate portfolio to over 2,120 multifamily units & $280,000,000 in assets under management.STORY: Gino invested and lost $172,000 in mobile home parks that he didn't even know what they looked like or where they were.LEARNING: Know your values before you form a business partnership with anyone. Do due diligence to understand what you're investing in. “A person with money needs a person with experience. The person with the experience gets the money. The person with the money gets the experience.”Gino Barbaro Guest profileGino Barbaro is the co-founder of Jake & Gino. He is an investor, business owner, author and entrepreneur. As an entrepreneur, he has grown his real estate portfolio to over 2,120 multifamily units & $280,000,000 in assets under management.Gino and his partner, Jake, are teaching others how to do the same through Jake &​ Gino, the premier multifamily real estate education community. Their students have closed over 71,000 units and have $4 Billion in deal volume!Gino is the best-selling author of three books, “Wheelbarrow Profits,” “The Honey Bee,” and “Family, Food and the Friars.” He currently resides in St. Augustine, Florida, with his beautiful wife Julia and their six children.Worst investment everIn 2005, Gino had $172,000 sitting in the bank. His friend and accountant told him of an investment from a gentleman he'd been investing with for years. The gentleman was doing mobile home parks.Though Gino knew nothing about mobile home parks, he was interested in the investment. He met the gentleman, who came driving a gold Maserati. He pitched him this syndicated deal. The parks were in Florida, but Gino never went to see them. He believed the gentleman's word.The first six months were great, and Gino was getting distribution checks. Six months later, the checks stopped. Gino and his accountant decided to find out what was happening. They searched the parks online, and what they saw was awful. The parks were in the middle of nowhere. No one would want to buy them.Lessons learnedBuy right, manage right, and finance right.Know your values before you form a business partnership with anyone.Do due diligence to understand what you're investing in. If you don't know how to do it, hire an attorney or find a company to help you.Learn each process before you invest in it.Learn how to underwrite an asset to see if the numbers make sense.Decide your investment goals and what you are trying to accomplish with each investment because it's not always about chasing the highest yield. Ask yourself if each investment aligns with your goals,Andrew's takeawaysNever invest with somebody who approaches you with an investment. Do your own research.Illiquid types of investments require much more due diligence than liquid ones.Actionable adviceGet on the plane and fly down to the property. Take some pictures, then make your decision whether to invest or not.Gino's recommendationsGino...

Today Nick Baltas and I embark on a journey through the shifting tides of investment strategy. For decades, equities have reigned supreme as the primary source of portfolio returns, while bonds played a crucial role as diversifiers. But over the past two decades, something intriguing has happened, and the dynamic between these two asset classes has evolved in ways we've never seen before. Stay tuned as we unravel the fascinating story of this transformation and explore what it means for modern investors. We also discuss what a leading Trend Follower describes as what really determins absolute returns in a trend following strategy...and you may be surprised of what it is.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the 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 here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Nick on Twitter.Episode TimeStamps:01:07 - What has caught Nick's attention recently?03:02 - Industry performance update04:30 - Q1, Corey: If an investor is heavily weighed equities, are they better off with trend following providers that don't include equities as one of the utilized asset classes10:31 - How model portfolios can benefit from trend following19:02 - A Changing Stock-Bond Correlation (AQR Paper)23:50 - How structural inflation can impact the stock-bond correlation27:46 - Illiquid alternatives and commodities as diversifiers35:27 - Significant shifts in the asset allocation space38:14 - Is cash better than bonds?41:40 - Paper from Transtrend47:15 - What really drives the absolute return in a trend following portfolio52:23 - Network...

My guest on the show today is Simon Handrahan, Editor of the Margin of Safety Investing Newsletter. He recently shared a Tweet (or a post now, an "X", I don't know), where he asked his audience: "Individual investors: why don't you invest in illiquid microcaps?" When you deal with MicroCaps, there's a good chance you'll come across a company you might like that meets all your criteria, and it barely trades. This is not news to most of you, but I thought the question that Simon posted on Twitter/X got me thinking: how illiquid is too illiquid? Is the lack of liquidity THE edge when investing in MicroCap stocks? So, I invited on Simon to chat further about all of this plus his theses on stocks currently in his portfolio: Constellation Software CSU, OTC Markets OTCM, Atlas Engineered AEP on the Venture and Galaxy Gaming GLXZ. For more information about the Margin of Safety Investing Newsletter on Substack, please visit: https://www.marginofsafetyinvesting.com/  You can Follow Simon Handrahan on Twitter @MoS_Investing: https://twitter.com/MoS_Investing Today's episode is sponsored by: Stream by AlphaSense, an expert interview transcript library that integrates AI-generated call summaries and NLP search technology so their clients can quickly pinpoint the most critical insights. Start your FREE trial on their website: https://streamrg.co/PMC Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the SNN Network YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

In this episode of bitcoin monthly we discussed the Oslo Freedom Forum and how people around the world are using bitcoin to escape oppressive governments and protect themselves from hyperinflation. Here's a link tho the livestream 2023 Day 1 https://www.nobsbitcoin.com/oslo-freedom-forum-2023.   We dig into the recent fuckery from the Apple App Store and its censorship rampage with  damus, blixt, and zeus.   We dig into some #bullish or maybe not so bullish metrics “Total supply minus illiquid supply. Illiquid supply is defined as entities that spend less than 25% of their holdings.”   https://twitter.com/therationalroot/status/1672997747337601024?s=46&t=e-2RMVnE9BIJknTrYOEixA   We shill the Ministry of Nodes: Bitcoin Nodebox https://shop.ministryofnodes.com/   Then we talk about the topics bellow.   SimpleX Server Now Available for StartOS https://www.nobsbitcoin.com/simplex-server-now-available-for-startos/   RaspiBlitx 1.9 https://github.com/raspiblitz/raspiblitz/blob/v1.9/CHANGES.md#whats-new-in-version-190-of-raspiblitz   Bitcoin Keeper v1.0.4: Whirlpool For iOS https://www.nobsbitcoin.com/bitcoin-keeper-v1-0-4/ Bitcoin Keeper v1.0.5: Subscription Plans https://www.nobsbitcoin.com/bitcoin-keeper-v1-0-5/     Umbrel Introduces Prebuilt Home Server, Specifically Engineered For umbrelOS https://www.nobsbitcoin.com/umbrel-announces-umbrel-home/     Blockstream's Greenlight - Scalable, Non-Custodial Lightning Infrastructure Is Now Open to Developers https://www.nobsbitcoin.com/greenlight-by-blockstream-scalable-non-custodial-lightning-infrastructure-now-open-to-developers/     GrapheneOS Now Available on Pixel Tablet   https://www.nobsbitcoin.com/grapheneos-now-available-on-pixel-tablet/   A Beginner-Friendly Guide to Modifying Open Source Projects https://www.nobsbitcoin.com/a-beginner-friendly-guide-to-open-source-projects/   New Seed Tool version                     Show Host: Max    https://twitter.com/MaxBitbuybit   Co host BQA   Twitter - @BitcoinQ_A Website -  bitcoiner.guide   Co host - Antomous   Twitter - @antomousB Website vulcan21.com       Ungovernable Misfits Socials https://www.ungovernablemisfits.com   Twitter  https://twitter.com/ungovernablemf     Show Sponsor: Foundation Devices   Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today's tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can't be evil,”    Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.   https://foundationdevices.com     Show Sponsor: sx6.store   SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!         As always please feel free to reach out and ask me any questions.

Fees and cash flow --- Send in a voice message: https://podcasters.spotify.com/pod/show/david-nishimoto/message

A bit of downstream activity in Aussie dairy kickstarted 2023, with retailers buying processing assets and other capacity adjustments. To help unpack what is going on and why and what it means for Aussie dairy farm businesses, Emma Higgins joins forces with Michael Harvey.

In this podcast episode, Keith Weinhold discusses the benefits of investing in stable property markets, the risks and benefits of taking out a second mortgage on a property, and the potential impact of remote work on the real estate market.  Weinhold also touches on the performance of stocks and other asset classes in the first quarter of the year, highlighting the drawbacks of savings accounts, CDs, and money market funds, and suggesting that investing in real estate can be a better option.  Overall, Weinhold emphasizes the importance of investing in stable markets with high rent ratios and strong landlord tenant laws. **Real Estate Prices [00:03:39]** Discussion of the current and future direction of real estate prices, with a recap of the benefits of investing in real estate. **Tapping Equity [00:04:50]** Explanation of the problem with tapping equity and the risks of taking out a second mortgage on a property. **Second Mortgage [00:05:43]** Explanation of how to add a second mortgage onto a property and access cash without refinancing the entire loan, with details on the 80% combined loan value ratio. **Risks of Second Mortgage [00:07:49]** Discussion of the risks of taking out a second mortgage, including interest rate fluctuations and the potential pitfall of borrowing short to go long. **Second Mortgage Benefits and Risks [00:09:51]** Discussion of the benefits and risks of taking out a second mortgage on a property for investment purposes. **Current Direction of Home Prices [00:12:09]** Analysis of the current direction of home prices in the resale market, including a survey of resale agents and national existing home prices. **Regional Real Estate Market Performance [00:18:00]** Discussion of the stability of regional real estate markets, with a focus on the southeast and midwest, and the importance of stable prices, high rent ratios, and strong landlord tenant laws. **WFH Trends and Regional Real Estate Markets [00:20:24]** Analysis of the potential impact of work from home trends on regional real estate markets, including an increase in flexible job postings in major cities. **Virtual Real Estate Investing [00:25:02]** Discussion of the recent failures of metaverse projects and the risks of virtual real estate investing. **Factors Affecting National Home Prices [00:26:15]** Explanation of the headwinds and tailwinds affecting national home prices in 2021, including bank failures, job loss recession, labor and supply inflation, spring home buyer demand, and the supply crash. **Mortgage Rates [00:30:20]** Explanation of the difficulty in predicting mortgage rates and the lack of forecast for their direction. **Various Asset Classes Performance [00:32:17]** Discussion of the performance of different asset classes in Q1 of the year, including precious metals, savings accounts, and real estate. **Benefits of Investing in Real Estate [00:35:14]** Real estate investing as a way to beat inflation and transfer prosperity from dollars to property, with the added benefit of control and potential for five ways of profit. **Reasons to Invest in Residential Real Estate [00:36:27]** Advantages of investing in new or renovated residential real estate, including low maintenance expenses and potential for no capex expenses during ownership. **Expectations for Real Estate Market [00:37:33]** Expectations for the real estate market in the next five years, with a caution that the historically high price run-up may not be repeated. Resources mentioned: Show Notes: www.GetRichEducation.com/444 National existing median home price: https://fred.stlouisfed.org/series/HOSMEDUSM052N National median home price (existing & new): https://fred.stlouisfed.org/series/MSPUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Memphis & Little Rock property that  cash flows from Day One: www.MidSouthHomeBuyers.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Welcome to GRE! I'm your host, Keith Weinhold.    Would you rather be age 18 and poor or 80 and wealthy?   Learn about how a second mortgage could benefit you.   Historically, what REGIONS of the nation have the most stable and volatile real estate prices?    Then, there are two ominous threats to FUTURE property prices. All that and more, today, on Episode 444 of Get Rich Education.   Welcome to GRE! From Orange County, Florida to Orange County, CA and across 188 nations worldwide, I'm Keith Weinhold, this is Get Rich Education.   Last week marked 50 years since the first-ever cellphone call was placed. The call from the 2.5-pound brick-sized cellphone was placed in NYC - Manhattan.    That phone could NOT fit inside a standard pocket.    Sheesh! Look, I won't even use a case on my iPhone today because I'm concerned about the weight and friction and it would add!   I want it light and I want to be able to quickly slide it in & out of my pocket. Ha!   Well, I've got a more significant trade-off for you to consider.    Would you rather be age 18 and poor or age 80 and wealthy?    I think you and most everyone would rather be 18 years old and poor rather than 80 years old and wealthy.   I am pretty confident that you & I agree on that.   Well, if you'd rather be 18 and poor, then why would you go to a job to trade your time for dollars?   Because that's exactly how you move away from 18 and poor straight toward 80 & wealthier but probably 80 & still less than wealthy.   Why would you make that trade?   Even if you love your job - if it's not the activity you'd MOST want to be doing out of anything else in the wide spectrum of life, move away from 18 & poor?   Well, time is going to pass one way or the other, but you can win back your time & end up wealthy rather than “somewhat less than wealthy”...   …when you provide value for society by giving them housing, getting paid 5 ways at the same time, one of which includes a MOSTLY passive income stream, trading relatively little of your life time all the while. That's why we do here.   That way, you're not quite going to be 18 & wealthy, but wealthy when you're young enough to enjoy it.   Over the last three years, property prices are up 30 to 40% in a lot of markets.   We're going to look at the current & future direction of real estate prices in a moment.    But let's talk about what you can do with this… what you can do with that dead equity in your properties.   America has near record-high equity levels right now so this is really timely here.   But there's a bit of a problem with tapping your equity today. Before I get into that, just a recap minute here…   Of course, as any longtime listener knows, since the rate of return from home equity is always zero, you have a chance to harvest your equity.   Having, even an extra $1,000 of equity in any property, including your own home, is like making an extra principal payment of $1,000.   Doing that is like you saying, “Hey, Mr. Banker. Here's an extra $1,000 principal payment. Don't pay me any interest on it. If I need it back, I'll pay you fees, and I'll try to prove to you that I qualify again.”   That's the short story on why home equity is unsafe, Illiquid, and its ROI is Zero.   OK, but if you have a mortgage loan that's set at just 3 or 4% interest, are you really going to refinance that whole loan just to pull some money out - just to convert some equity to cash?   Because if you did, your mortgage rate could go up to 6 or 7%. So accessing equity isn't as great as it used to be.   Ah, but there's a way around this.   One your, say, property at, say, Huckleberry Lane, you could keep your existing mortgage in-place at that low 3% or 4% rate, and potentially add a second mortgage onto Huckleberry Lane - and only that second mortgage is at the higher rate. The first loan stays in place and so does its amortization schedule.   Now, if your Huckleberry Lane property is worth $500K, you can often have 80% of that, or $400K borrowed, that's that 80% combined-loan-to-value ratio.   That means that the amount of cash that you can get your hands on is $400K minus your mortgage balance.    That's why a lot of property owners are able to access, often, $100K or more cash, without touching their low first mortgage at all.   Get $100K cash out - or whatever you have access to - it's not providing you with any rate of return anyway.   Though you can often borrow out up to 80% of your primary residence's property value, the deal isn't as good as far as getting second mortgages on your rental property.   Second mortgages on a rental are, sometimes available, sometimes not. When they are, it's recently been just up to 70% that you can borrow out.   Now, as good as this might sound, it doesn't mean that you SHOULD do it. What are the risks with taking a second mortgage on your home or rental properties?   Well, some second mortgages take the form of a Home Equity Line of Credit - or HELOC.    The interest rate on your HELOC can fluctuate, so there's interest rate risk. Most HELOCs have a fixed rate period for the first 5 or more years though.   Before I talk more about the risk of a second mortgage, it's just amazing - the number of people that I run into out there - most of them aren't REIs - but homeowners that are elated that they got a low mortgage rate 2, 3 years ago (and they should be - congratulations)... but they want to tap their bloated home equity and don't know about adding a second mortgage.   Now, a risk with a second mortgage is the potential pitfall of borrowing short to go long, meaning your HELOC rate resets in a little as five years - it could go down when it resets and it goes up, and at that time, you're not liquid enough to deal with the second mortgages higher payments. Now, I know, it's exciting about getting into more income property, using dead equity from your own home or your own rentals - because it's “Real Estate Pays 5 Ways” stuff.   You might tell yourself, that when you add up a 5 rates of return from investment property - appreciation, cash flow, amortization, tax benefits and inflation-profiting, that you can surely see a total rate of return on your new rentals of 20% or 30% or more.    So if your second mortgage has an interest rate of 7 or 8%, you'd do that deal and pocket the spread.   Yes, it sure might work out that way, in fact, there's even a probability that it could work out that way.   But the risk is that you've got to stay liquid enough to service the debt if your second mortgage rate rises or any other reason.   And you might be just fine. You might have enough cash flow or cash stored that you're padded, you're fine… and your underwriter might help you look at that during your second mortgage qualification.   You might ask Ridge Lending Group or your favorite lender about second mortgage options.   So, now you know. A second mortgage can keep up your velocity of money. There are benefits and there are risks.   Utilizing it successfully looks something like this.   You start off with 50% equity in one property, which is 2:1 leverage, you move some of that into a second property.    Now you've got 25% equity in both.   You've done MORE than double your wealth-amplifying ability here. You've virtually 4Xed.   Because rather than having 2:1 leverage in one property, you've got 4:1 leverage in two properties.   That's how wealth is BUILT.   Let's talk about those ERSTWHILE home prices.   There are at least two ominous threats to future home prices. And now that it's Spring and market activity picks up, what's the CURRENT direction of home prices?    Real estate can move slower than glaciers, so March numbers are still scarce.   Home prices in the resale market - alright, that means existing homes, not new-build - those resale prices have stayed remarkably resilient, even when mortgage rates jumped up back in February.   John Burns REC compiles a chart for the latest survey of resale agents. The question that was asked is: “What direction have resale home prices moved in the last month?”    The national survey respondents can pick that prices are either MOST INCREASING, MOSTLY DECREASING, or MOSTLY FLAT.   This February, for the first time since May of 2022, more said that home prices are "mostly increasing" rather than "mostly decreasing":   Note though, that most of the agents in the latest survey show that prices are merely steady at 51%. 26% said “increasing” and 23% decreasing.   Credit to JBREC. This is a national survey of ~2,600 resale agents.    Now just from this chart and THESE stats, note something interesting. October 2022—appears to be housing's low point. That was then, six months ago—marking housing's recent low point.   So, that's a different angle on looking at home prices than usual - asking agents what they're seeing.   National existing home prices, per the FRED stats, month-over-month are up just a little, from about $361K to $363K. Again, that's through February.   Seasonally, that could go up more. That typically happens each year when spring transitions to summer.   There's a good chance that national homes prices will be rising these next few months.   If you think that those prices sound a little low, be mindful, this entire discussion, so far, is about EXISTING homes aka resale homes, which tend to be priced lower than new construction homes.    If you combine both existing & new, same source, $468,000 is the national median home price. That was the same quarter-over-quarter. Same source too.   It's always important to cite the source when it comes to statistics.   You know, some say the 1990s are when America moved into the Information Age. But, at some point, in the 2010s, did we move into the DisInformation Age?   I don't know. There's a lot of both out there - a plethora, a profusion of both information and disinformation.   Some of these niche finance social media pages don't cite their sources, and more often than not, I don't follow them or I unfollow them if I find that they regularly don't cite source.   The other type of story that I unfollow or just stay away from, are article headlines or images with the word “Rumor” in it.   I don't want to follow Rumors. Now, I guess, in the best case, a rumor could turn out to be true and maybe could give you a heads up on something that actually turns out to come true later.   But, the world is full of real information. I don't want to spend this one finite life I have on earth catching up on rumors. It's more sports sites that use that word rather than finance sites.   Rumor is just an annoying word, I guess. It's a synonym for “gossip”.   Hey, the real estate investing and personal finance world has its own quirks and odd spins on words.   One thing I haven't been able to figure out is how a guru is bad and an obsession is good.   Some people disparage thought leaders and influencers as gurus.   Guru means an influential teacher or an expert. That sounds like someone worth listening to to me.   How are obsessions good. Some say, to succeed, you've go to be obsessed.   No, you don't. That sounds unhealthy.   The definition of obsess is to preoccupy or fill the mind of someone continually, intrusively, and to a troubling extent.   Don't fall into the trap of an obsession.   Well, to recap what you've learned today on Get Rich Education Episode 444 (ha!) rumors and obsessions are bad, and gurus are good.   Enough digression. Getting back to real estate investing.   Like I said at the beginning of the year, I don't expect much national HPA or price declines this year.   But regionally, the markets that we focus on here - the ones in the Southeast and Midwest and a little in the Northeast, have all performed well.   Many - even most - in our target markets appreciated in 2018 & 2019 & 2020 & 2021 & 2022 & they're continuing to do so now.   Many Florida markets are still seeing 10%+ appreciation. We're talking about those stable markets, avoiding the volatile, largely coastal markets where prices are sinking, especially on the West Coast.   As I've long discussed, one reason that we invest where we do are for their stable prices, even during downturns.   Backed by historical data, American housing's long-term regional price volatility is broken down like this: The most stable markets are in the Midwest and the Inland Northeast. The medium volatility markets are in South And the highly volatile markets, which we avoid  are in the West, and the Coastal Northeast - like NYC and Boston. I'm going to guess that you've never heard regional home price VOLATILITY described before.  Now, you might wonder, if the Inland Northeast tends to have more stable, long-term pricing than the South, why don't we favor it more than the South. Well, stable prices are important. But having high rent ratios and having strong LL-tenant laws and high in-migration make the Southeast a strong investment area. Of course, when I describe regions this broad there tend to be some outliers and exceptions. Now, it's going to be interesting to see how America's regional pricing level AND its level of stability changes over time. That is set up to change at a faster pace, and you might know why that is - why these geographic regions could see, really more of an amalgamation of characteristics and that is due to… you MIGHT know what I'm going to say. WFH. That actually is not an initialism or acronym for some kind of thinly veiled profanity. It is work-from-home.  The rise in Work From Home Trends could really start to blur these lines over time. Now, it would be a trend that moves slowly.  But consider, that, in January of 2023 six times more work was happening remotely than it was in January of 2019, that's according to a company called WFH Research. In fact, in major cities like New York and Chicago there are now more job postings for flexible arrangements than at any point during the last three years, according to the NBER & Bloomberg. Now, that's of less concern to you, the residential property investor. It might just be an interesting trend and create more demand for your product - HOMES! But it could very well put downward pressure price pressure on higher-priced areas like Manhattan, Brooklyn, and San Jose… and more upward price pressure on those lower cost areas where you & I tend to buy property. But with more Americans working from their homes, it is bad, bad, bad for downtown commercial landlords and some central business district companies who survived the 2020 lockdowns… but STILL haven't fully bounced back three years later. Gosh! GetRichEducation.com is where you can learn more about how to invest in real estate the right way, the profitable way - with articles that I write myself, and our videos and more. It is all free. If you would like to contact us, with a question about the show, you can do so at GetRichEducation.com/Contact More straight head, including two ominous signs for the future of the housing market. I'm Keith Weinhold. You're listening to Episode 444 of Get Rich Education. ______________________ Welcome back to Get Rich Education. I'm your host, Keith Weinhold.   We are keepin' it real here at GRE. Building real wealth in the real world with real estate.   See the, uh, emphasis on the world “real”. Back in December, on Episode 427, you'll remember that we did a show devoted to Metaverse Real Estate Investing… and the consensus of the guest & I were that it is risky and in most cases, ill-advised to get involved.   Well, it was recently announced that both Disney and Microsoft have shuttered their metaverse projects.    Popular virtual worlds have seen steep drops in interest, with the median sale price of real estate in Decentraland plummeting 90% YoY. You know, with the real thing, even if your real estate lost value, which isn't common, it can't go down too far. You've still got the value of the land underneath it and the value of all the materials that your property is built with. What about national home prices for the rest of this year? Of course, it's always a little odd to discuss national home prices with the tens of thousands of US markets.    It's kind of like coming up with a national weather average.   Here are the MAIN factors governing national home price direction this year.   The headwinds to price growth - the threats are #1: 1 - We had banks fail early this spring. More regional bank fallout could contribute to tightening lending standards. Tightening lending standards would mean that fewer borrowers could qualify, and that could reduce demand. Reduced home demand is NOT good for prices. So that's ominous housing threat number #1. But even if that happens, regional banks are often making COMMERCIAL real loans. The government-backed loans you're getting for residential are more desirable - we're talking VA, FHA, rural housing mortgage, and conforming loans that are sold to Fannie Mae and Freddie Mac - which are often those types that you're getting for 1-4 unit income properties at GRE Marketplace. All government-guaranteed stuff. The second substantial threat to some good home price appreciation this year is that there is a small chance of a big "job loss" recession. With it being over a year since the Fed started raising rates, there is a lag effect and we should some at least a few more job losses as we head toward a likely recession. They are the two ominous threats. The tailwinds to price growth - these are the strengths for rising home prices, there are 3. The first one is that labor & supply inflation remains elevated, and well, that obviously keeps upward pressure on home prices. The second positive, or strength for home prices is - like I touched on earlier - increasing spring homebuyer demand hasn't been factored into the numbers yet - and that always boosts prices. And then the third strength and underlying factor to boost home prices this year is really, what I've called “the crash” which has caught some people off guard. Yes, this generation's housing crash ALREADY happened. It is that SUPPLY CRASH of about 60% in available American homes to buy. We have such a low housing supply, like we've discussed in-depth elsewhere on the show so I won't elaborate on that, but that changes nearly everything and it is one reason that home prices are still so resilient today. Still more demand than supply. National home prices have begun heading up a little, and there are a few more opportunities than there are threats that prices should keep rising, but I don't expect any huge gain, like no 10% gain nationally this year. I don't see how that can happen at all. Now, you'll notice that, mortgage rates, - I didn't put them into either category - either the upcoming housing threats or strength and that's simply because we don't know where mortgage rates are headed. They're so hard to predict so that's why I'm not forecasting where I think that mortgage rates will go. You know how when you're under contract to buy a property and you & your mortgage loan officer are having that strategy session on WHEN you want to lock in your rate. At least one time in your life - and I sure have in mine - you're tempted to ask your MLO where they think rates are going… well, like I said, they're just really difficult to forecast.  Your MLO often doesn't know where they're going to go. Do you remember, last year, or I sure do because I follow this stuff closely, the number of people and professionals that said mortgage rates would be 8 to 10% by Spring of 2023? Yeah, quite a few people said that emphatically. They're about 6.3% today. Before I get back to real estate, the quarter recently ended so let's whip around the asset classes like we do sometimes at quarter-end. Tech stocks got a boost in the first quarter, that helped the S&P be up 7%.   Stocks of the tech giants that are leading the charge in          AI-powered search, Microsoft and Alphabet, outpaced that.   Meanwhile, the second- and third-largest bank collapses in US history happening within 48 hours hurt bank stocks.   Bitcoin was up 72% in Q1. Do we say that crypto winter is over when bitcoin hits $30K?   Oil prices were flat, beginning & ending the quarter at around $80.   Gold was up 7%, partly due to the bank failures.   Silver rose 4% for the quarter.   You know what's been a really bad investment for the last decade, despite all the good things that you hear about its promise - investing in physical silver. You read that there's now more silver above ground than below ground.   10 years ago, silver was worth $25 dollars an ounce and it's still worth… $25 an ounce.   That's even worse than it sounds to laypeople. If you've held any investment for 10 years like that and it's worth merely the same amount of dollars, inflation just chomped about half of it away.   We might have had 40 or 50% or more real inflation in the last decade… and silver bars didn't pay you an income stream during that time either. What a poor performer!   Though I think that SOME precious metals can still be a good STORE of value.   That was whipping around the other asset classes in Q1 of this year.   One place to park your money that is NOT a good store of value is… savings accounts and CDs and MMFs.   Their interest rate, though it might feel good getting paid up to 4% or 5% on those, it ensures that you're losing prosperity every day… because CPI inflation is higher than that, and then the real rate of inflation is higher than that yet. True inflation might be double your savings account rate.   Instead, the smart money BEATS inflation and all the time, a little more of the smart money is GETTING OUT OF DOLLARS too with these rising concerns about foreign nations doing more of their business in yuan or another currency outside of the petro dollar.   The dollar is currently under a lot of stress, besides just the inflation. Dollars in savings accounts & the like… don't just lose to inflation… they're actually keeping your prosperity denominated in dollars, which a growing chorus feels precarious about right now.   Is the dollar about to lose its world reserve currency status? I don't know. I think people having been calling for that since shortly after Richard Nixon took us off the gold standard in 1971.    Instead, what about a fully renovated or brand new investment property, with a rent-paying tenant placed and its all under professional management for you.   That way it's low hassle for you, yet because you own the asset directly, you have the CONTROL without the hassle, and you're often paid those five ways.   This way, not only are you getting out of dollars with your down payment - another way to say it is that you're converting your dollars into real estate…   Then on top of that, when you borrow the dollars for 75 or 80% of the purchase price… you're getting out of dollars so much that you've essentially fund a way to go negative with your dollar position on that property.   When you buy through our network, since the property is new or renovated, you should often expect little or no ongoing repair or maintenance expense in the early years.   And here's the thing that some investors overlook. You may not have an CapEx expense at all. Those big capital expenditures like a new roof or windows or a furnace.   That's because when you buy new or rehabbed and you consider that your hold time often isn't more than 7-10 years due to equity accumulation and leverage ratios, as you lever up into another property, you can leave the Capital Expenditures to the next buyer when you sell.   So, these are some reasons why buying residential real estate makes a ton of sense in this environment.    Will these next five years be as lucrative as the last five years? No, I really wouldn't expect that - that's because of the historically high price runup these past few years.   But I still cannot think of a better place to be than that strategically-chosen real estate.   You can go ahead and get started looking at some properties in markets and connect with our free investment coaching there if you so choose.    That's all at GREmarketplace.com   Hey, I really had a great time chatting real estate and everything else with you today.   Until next week, I'm your host, KW. DQYD!  

Today's episode is the interview with Celestino Amore – the founder and CEO of Illiquidx, a London based FCA regulated investment firm specialized in trading illiquid financial assets with a focus on distressed securities. He is also Member of the Investment Advisory Committee of Canaima Capital Management.Today, thousands of illiquid financial assets are priced and traded daily through the platform of IlliquidX - it serves hundreds of global customers for several billion euros in value since 2009. The specialization of the niche and the size of the market allows no margin of error. The complexity and multidisciplinary nature of this product requires professionals in the sector that master multidimensional skills in different areas of the financial services universe. Today we will discuss some of the biggest opportunities with regards to illiquid distressed assets over the past decades. From Lehman Brothers to the Greek bonds of the 2009 sovereign debt crisis, together with the new opportunities that the current market is providing, focusing on the case study of Venezuela governement and corporate debt market.

Kyle Stevie is co-host of the Side Hustle City Podcast but also a newly minted author of a book on asset tokenization called Digital Melting: Making Illiquid Real Estate Assets Liquid Through Tokenization. He joins us to explain the process and why he chose asset tokenization. Kyle is also an experienced Sales Team Lead with a demonstrated history of working in the logistics and supply chain industry. Skilled in Customer Service, Sales, Team Building, Supply Chain Management, and Management. A strong sales professional who graduated from Hanover College and Northern Kentucky University—Salmon P. Chase College of Law.If you need more information on how to start a side hustle please visit Reversed Out.Ecommerce Documentation | Grow Your Online SaleseCommerce Documentation is a podcast that helps ecommerce businesses grow their sales...Listen on: Apple Podcasts SpotifySupport the showSubscribe to Side Hustle City and join our Community on Facebook

Interview Recorded - 16th of March, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Michael Kao, a Private investor with 30 years experience and author of the great newsletter Kaoboy Musings.During our conversation we spoke about what is happening with the banking crisis, whether shadow banks will be at risk, if China could be the canary in the coal mind, structural inflation for longer and what this mean for assets moving forward. I hope you enjoy!0:00 - Introduction 1:38 - What is currently happening with the bank crisis?9:08 - Are Central Banks willing to do whatever it takes to save banks?15:34 - Illiquid asset funds at risk?21:38 - Can banks save themselves?24:13 - Why will interest rates and inflations be higher for longer?30:28 - When will supply singularity occur and will it be in all commodity markets?35:18 - What assets will perform during an inflationary, commodity period?39:58 - What indicators will tell Michael when we are at the bottom?45:28 - Which Central Banks will be more dovish?48:08 - Where do find Michael's work?Mike has been in the investment business for ~30 years and has experience analyzing and investing in many markets and asset classes, spanning commodities to credit to convertible/capital structure/event arbitrage to distressed debt/equity investing. Mike began his career in the commodities unit at J. Aron/Goldman Sachs in NYC in the early 90's and traded over 25 different commodity markets and their derivatives. Mike left Goldman to pursue an MBA in Finance at The Wharton School. After business school, Mike joined Canyon Partners, a credit-oriented hedge fund in Los Angeles, where he went on to become partner and co-founder of the Canyon Arbitrage Fund, which focused on various strategies including convertible and capital structure arbitrage as well as event-driven/risk arbitrage.After 5 years at Canyon, Mike decided to leave Canyon and begin his own investment firm, Akanthos Capital Management, LLC. At Akanthos, Mike ran an opportunistic, value-driven investment strategy that looked for “fulcrum securities” up and down the capital structure. Mike stopped actively managing external capital in 2019 and now invests primarily for his family office and enjoys blogging about the markets and economy on Substack at urbankaoboy.substack.com and Twitter @UrbanKaoboy. Mike holds a BS in Electrical Engineering/Computer Science from UC, Berkeley and an MBA in Finance from The Wharton School of the University of Pennsylvania.Michael Kao - Substack - https://urbankaoboy.substack.com/Twitter - https://twitter.com/UrbanKaoboyLinkedIn - https://www.linkedin.com/in/kaomichael/WTFinance - Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

In this episode I talk with Zed Francis, CIO & Co-Founder at Convexitas.  Zed is responsible for strategy design, implementation, risk management and business development. In his 15-year career in investment management, Zed has taken on leadership roles that have informed the delivery of consistent and transparent multi- asset solutions as a discretionary fiduciary acting on behalf of institutional clients and high-net-worth individuals. He was most recently a portfolio manager and derivative overlay manager at SpiderRock Advisors. Previous engagements include portfolio management at institutional investment manager Legal & General Investment Management America and trading head at long/short distressed hedge fund Chicago Fundamental Investment Partners. We discuss: Will credit markets be tight or illiquid in 2023? Was Q4 Tax Loss Harvesting and RMDs? Do FOMC and CPI matter? What happened to Gilts? (Now do Japan) Illiquidity-> Correlation-> Volatility I hope you enjoyed this conversation with Zed as much as I did!  

In this episode of The Last Tranche, Brian Bejile, founder and CEO of Octaura, discusses the latest developments towards electrification in the loan and CLO asset classes.Bejile draws from his own experience as a trader to highlight some of the inefficiencies that result from manually trading assets, including human error mistakes and loan settlement times. He discusses the early stages of setting up Octaura, and onboarding the major investment banks in his bid to change the way the market trades.#CLO #Creditflux #Octaura

Assets, Interest Rates & Bubbles - Market Recap for 2022 w/ Drew Niv BRT S04 EP02 (164) 1-8-2023 What We Learned This Week Assets – Valuations have gone down, forces Investors to evaluate the worth of an Asset, Risk / Reward analysis, no more ‘free' money Interest Rates – Don't Fight The Fed, raising rates to lower value of assets Market Risk – can get Treasury Bills at 4 – 5%, risk-free, need good ROI to invest in stocks with 10 – 20% downside risk Oil Commodities – demand is up, supply is down, Gov't will keep the price of oil at $70 / barrel Bubbles / Crypto – does not have good utility, market has collapsed, Bitcoin & Ethereum will survive, has use, plus the Black Market       Guest: Drew Niv, Trader Tools & former Forex Trader LKIN: https://www.linkedin.com/in/drew-niv-123812160/ Drew Niv had a 20 year career in trading and FX (currency) markets. He founded one of the largest Forex trading companies on Wall Street, took it public (IPO), managed hundreds of staff, and oversaw $ billions in daily trading. Currently he runs a bank software company called Trader Tools, that specializes in FX markets. - https://www.tradertools.com/ Drew Niv is a Strategic, Technology Savvy, and Detail-Oriented Board Member and Global Business Executive with a history of award-winning performance as a visionary leader. Founded company that disrupted the FX industry, resulted in retail FX becoming a major factor of the global FX market. Developed breakthrough technology that enabled customers to transact spot FX at 70–90% less cost than the largest exchanges and ECNs. He has forged strategic partnerships with 1,000 institutional customers, including major hedge funds, all large banks, and other brand name financial institutions, both domestically and globally. Drew possess a unique understanding of market microstructure - the inner plumbing of trade matching, how technology intersects with business, and how to grow a business from a small startup through an IPO. Well versed in managing through a crisis and positioning a mature business to meet the unique challenges of a shrinking industry. Experienced in software product development; able to design and build trading software that people want to use; and experienced in managing a diverse, international workforce remotely.     Notes: Drew Niv - 20 year Wall Street career & former forex trader Currently sells financial software to banks – he used to fight the Wall Street wars, now he arms them, less stress, and an easier business Review of the Markets 2022   Seg 1 Market is very sensitive to interest rates. The Fed establishes interest rates. Interest Rates set the tone for the entire financial industry, from business lending, to stocks, bonds, banking, insurance, investments, mortgages, etc. Market Fundamentals are always valid, and post 0% rates, and current high inflation, become even more valid. Pension plans and insurance company's returns will be affected by interest rates. They are looking at minimum rates of 4 to 5%. Interest rates have been low, near 0% for a number of years. It is tough to get Treasury bills when only at 1%. Companies were forced to chase return and take on more risk by acquiring corporate bonds and stocks. Investor mentality was not challenged at times for the last few years. Hard to know what a good investment is at 0% interest rates. Money was cheap, so people were investing in numerous things, borrowing $, and taking chances. We saw the rise of the Pandemic stocks in 2020 with companies like Carvana, Peloton, and different crypto assets. These all turned out to be bubbles, and wound up flopping in 2022. The crypto market has seen 90% shrinkage. Some companies go bankrupt, while others are acquired at $.10 on the dollar. Investment philosophy 101 - you compare all investments that have risk to a risk-free investment. Treasury Bills are considered risk-free investments where with very little risk, you can get 3 to 5%. If you are going to buy a stock by comparison, and take on more risk, you have to be paid for taking on that risk. A stock could have 10 to 20% downside risk, vs a T Bill which has almost no downside risk, the government is a good bet. The two-year treasury bill is at 4% annually. Professional investors always look at the risk/reward ratio. Whenever you look at an investment, you have to consider the duration, the type of asset, and what you want to benchmark it against. Example: you invest in Apple, are they a credit risk? What is the ROI? The return on an investment should be better than treasury bills, accounting for the potential downside risk of 10% (or more).   Seg 2 Inflation causes the economy to weaken. Housing prices decline like other assets. In 2023, inflation should go down. This assumes the Government doesn't spend too much money, in which case inflation stays the same. The Fed is raising rates to bring asset values down. In the current environment, 2023, savers will be rewarded. This is similar to from the 1980s to the 1990s where you could actually earn interest on saving money. With low interest rates from 2005 to 2020, savers were punished. 2023 will be the return of the saver. Cash will be king. Valuations are collapsing, see tech stocks, crypto, and maybe housing? Psychology of the Investor – The investor currently still remembers the highs of the last few years. As they sell off and get out of the market (expecting a recession), their viewpoint slowly changes. Typically recessions last 2 years, and this is considered short. But it takes years for investors to regain confidence and jump back into the market. Historically market timing is tricky. In the current environment you want to reduce exposure to assets. Go to the Federal Reserve website to look at the history of housing prices. The last decade has seen an unprecedented climb in the price of housing assets - https://www.stlouisfed.org/  Mean Reversion is setting in, this happens with assets. What goes up, must come down. A retracement in valuations of assets. When you look at housing and regional markets some values are even higher, ie: the Sun Belt like Florida or the southwest. Things that are illiquid assets, lower to the reset value, it's different than last time. Illiquid is the state of a security or other asset that cannot quickly and easily be sold or exchanged for cash without a substantial loss in value. Non-bank lenders will be hurt. Examples of this might be an insurance company, mortgage co., venture capital or private equity.   Seg 3 Oil demand is up, despite the government trying to stop it. Supply is decreasing, and oil prices are going up with inflation. Commodities in general are on the uptick as an asset class. With regard to energy, there are risks of rising prices. China is on the rebound and it is the second largest consumer of oil in the world. Currently with US Gov't strategy, there is no cohesive policy to drill for oil. Cannot replace the oil reserves that have been used. The market has changed, demand is up. The government will try to keep the price of oil at $70, and refill the strategic reserve. Energy companies understand all of this, and are operating a lot more efficient than in the past. They have lowered production costs, and can actually make money at $20-$30 a barrel. Bottom line they are leaner and meaner. Natural gas is very important, and the preeminent energy in Europe.   Seg 4 Crypto does not have good utility. There is no real regulation and the price has been based on speculation the last few years. Investors buy crypto and then look for the value to go up, to sell to the next person. The classic ‘greater fool' theory. Many of these exchanges have turned out to either be run poorly, having bad books, and bad management - not experienced enough, or outright frauds like FTX. Crypto, specially Bitcoin, will still exist in the future. It is already being used in the black market and may even grow with use there. There are still too many countries with bad currency and bad banking, plus worse government. Citizens will use crypto in the black market to get around this. Usage will be to move money, do banking, get goods, and even smuggle money. This is why when you have seen multiple crypto coins collapse, both Bitcoin and Ether have not gone to $0 because of the black market. There is some usage as a payment method. Also in regards to Blockchain technology / Ethereum, there may be technological utility in the future. Forex (FX or currency trading) is not typically understood by most investors. It is very transparent and has low fees. Student loan crisis is very real. College costs are rising way too much. There is no disclosure for the ROI on the cost of tuition and the degree that major colleges give out. Not uncommon for a college to cost $200,000+ for a 4 year degree. Then the student graduates and can only get a $30,000 a year job. It's a negative ROI on many college majors. The top 10 professions for degrees and pay revolve around a few major themes. Math, engineering, and programming degrees are important and provide for good jobs now This will only get more important in the future. Compare this vs other degree like English lit or languages that are a poor investment and do not get good jobs. K - 12 prep schools are not preparing kids properly for college and careers.   O/T Seg 5 Regarding school and recommended careers. Technology, science, and math are the themes of sectors to pay attention too. Further breaking it down, bio engineering, any type of engineering programming or construction, programmers and anything with tech or computers. Future is AI, software, and coding. VCs / venture capitalist looking for the next curve to fund and find the winners. What is the next tech revolution? Every major company now is a tech company. All the big fortune 500 corporations and beyond are using AI and algorithms - a.k.a. data science as part of their daily function and running many operations in the business. Not just tech companies anymore, there is a requirement in most companies to have a tech division. Understanding how to use big data, programming, AI and algorithms. JP Morgan Chase has a tech team which is small, that runs all of the AI trading. They have more volume, more transactions, creating fees and more ROI for the bank. Example: ATM that replaces tellers, and works 24/7 There is an arms race in finance which has really become a tech race. Same goes for other industries – Sales, Oil, marketing / advertising and customer service. Tech is permeating the future of many industries. So programmers, coders, and data engineers are all going to be in demand. They will be able to get a king's ransom for pay. The average programmer can make a lot of money as demand continues to be high. Working in boring fields like math, is very lucrative. Reminder, if you haven't learned anything from the show, don't fight The Fed. Don't get cute with your investing. Invest for good returns and understand what type of return to expect versus risk-free assets. 2023: we will see reality set back in.     ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT   Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement More 'Best of Investing': Here   Real Estate Topic: https://brt-show.libsyn.com/category/Real+Estate-Construction-Land-Farming     Thanks for Listening. Please Subscribe to the BRT Podcast.     Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving.  Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more…  BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here                    More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/   Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.    

Pirates of Finance - a weekly show by @JasonCBuck and @choffstein unearthing this week's buried treasure in the world of investing. This week, the duo dive deep into the real Calculus of residential real-estate, Elasticity, The role of Auditors, Haircut Alpha, Conferences + much moarr 00:00 Intro 05:30 Jason on elasticity 09:00 Perception vs reality 17:30 Consequences Around Fraud 31:30 'Blackrock owns everything' 33:00 |Residential Real-Estate - Doing the Housing Calculous| 46:45 Haircut Alpha 48:00 The Duo on Conferences ON OTHER PLATFORMS Twitter @FinancePirates https://twitter.com/FinancePirates TikTok @PiratesOfFinance https://www.tiktok.com/@piratesoffinance Download Our Podcasts https://pod.link/1613745847 FwM https://pod.link/1402620531 Mutiny https://pod.link/1475281033 INTRO MUSIC By taylorgalford.bandcamp.com THIS VIDEO IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UP AS A BASIS FOR INVESTMENT DECISIONS. THE VIEWS EXPRESSED IN THIS SHOW ARE OF THE HOSTS AND DO NOT REFLECT THE VIEWS OF THE MUTINY FUND OR NEWFOUND RESEARCH. THE MUTINY FUND OR NEWFOUND RESEARCH MAY MAINTAIN POSITIONS IN SECURITIES DISCUSSED IN THIS SHOW.

Let's talk liquidity. How liquid is your portfolio? How does fixed income affect your buying power? What will fit your needs best? Will it be GICs, bonds, cash or stocks, and mutual funds? Listen today to Senior Financial Advisors Rob McClelland and Mike Connon as they discuss how these financial products work individually and in combination to create an ideal investment strategy.

Dave Hendricks is the CEO of Vertalo, an SEC-registered transfer agent for security token offerings. Vertalo is enabling the digital asset ecosystem, democratizing access to secondary liquidity for private assets. More than 70 clients and partners rely on Vertalo's B2B SaaS platform to support low-friction primary capital formation, on-chain share registry, and access to secondary liquidity through its APIs that connect to major alternative trading systems and other marketplaces. If you want to manage your digital asset shareholder registry on something better than a spreadsheet, you should consider Vertalo, who can help you manage the pre and post-issuance chaos related to investor relations. Learn more at www.vertalo.com.

The theme this week on the Retirement Quick Tips Podcast is: How To Fire Your Financial Advisor Today, I'm talking about what you need to know about the actual transfer process Usually fees are minimal ($75-$100/account transfer charge) and no advance notice is required. Once you've selected the company you'll be working with, you'll provide them with account statements. At this point, they should be able to tell you what fees or potential issues could be involved with the transfer once they see how the accounts are invested.  9 out of 10 times it's pretty simple because you can usually transfer everything in-kind (explain), but there are exceptions:  Annuities not out of surrender Proprietary funds that can't be held elsewhere Illiquid investments  That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.   --------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

CZ's tweet revealing Binance's decision to exit the FTX utility token dubbed FTT has seemingly stirred a hornet's nest, with FUD flooding social media and speculation that SBF's crypto exchange might battle financial difficulties soon. ~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul

Today on the Ether we have the Terra Builders space hosted by Rebel DeFi at TFM with Illiquid Labs and NFT Switch. You'll hear from Karma, chubbybaby, and more! Recorded on October 17th 2022. If you enjoy the music at the end of the episodes, you can find the albums streaming on Spotify, and the rest of your favorite streaming platforms. Check out Project Survival, Virus Diaries, and Plan B wherever you get your music. Thank you to everyone in the community who supports TerraSpaces.

Every investor should have a combination of liquid and illiquid assets but what exactly does that mean? In this episode, Aaron explains the difference between liquid and illiquid assets and the best way to diversify within these categories. Aaron also explains alternative investments and how one could build their wealth using liquid and illiquid alternative investments. The topics covered in this episode are in-depth but can be applied to new or experienced investors alike. Are you diversified within liquid and illiquid assets?--https://www.peoplescapitalgroup.com/https://www.instagram.com/real_estate_investments_nj/?hl=enhttps://www.facebook.com/peoplescapitalgroupnjhttps://twitter.com/PCGrealestatehttps://www.linkedin.com/company/peoples-capital-grouphttps://www.youtube.com/channel/UCCeJh5UgrdBDOabr2YLbAHg#NJRealEstateInvesting#AaronFragnito#PassiveCashFlow#PCG#aaronfragnito#njrealestateinvesting#passivecashflow#realestate#realestateinvesting#accreditedinvestors#investing#sophisticated--00:00 Intro01:09 What is The Difference between Liquid and Illiquid Assets?02:27 Pros and cons of investing in Liquid assets06:23 Negatives of investing in Illiquid assets08:56 Pros and cons of alternative investments10:08 Learn more at peoplescapitalgroup.com--This is not a solicitation for funds, tax advice, or legal advice. This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. Peoples Capital Group LLC is NOT a United States Securities Dealer or Broker nor U. S. Investment Adviser is a Consultant/service provider and makes no warranties or representations as to the listener or viewer. All due diligence is the responsibility of the investor.Support the show

Natasha Kaneva is joined by Shikha Chaturvedi, Greg Shearer, Tracey Allen and Ted Hall to discuss the outlook on global commodities. As conditions of acute scarcity persist across all commodities, world is entering the traditional peak demand season with inventories 19% below historical average. This lack of inventory buffer leaves the market vulnerable with outsized impact on prices amidst any shock to supply. Speakers Natasha Kaneva, Head of Global Oil and Commodities Research Shikha Chaturvedi, Head of Global Gas Research Gregory Shearer, Head of Metals Research Tracey Allen, Head of Agricultural Research Ted Hall, Vice President of Global Oil Research   This podcast was recorded on June 17, 2022. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4123032-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Ryan Kalamaya describes the difference between liquid and illiquid assets. According to Investopedia.com, “Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price. …. Cash is considered the standard for liquidity because it can most quickly and easily be converted into other assets.”  Key Points in Episode:Examples of illiquid assets that are tangibleHousesCarsArtIntangible asset that is arguably liquid is cryptocurrencyIlliquid assetsPrivate businessesStock options and Restricted StockTrust InterestsPension plansIn a divorce we don't simply chop everything in half. We need to take into consideration liquidity, taxes, timing, etc.https://www.northerntrust.com/united-states/institute/articles/divorce-and-illiquid-assets-strategies-for-moving-forwardStep by Step Colorado Divorce GuideThe initial thought of trying to file for divorce can be overwhelming and emotionally exhausting. Ryan Kalamaya, one of the founding partners of innovative law firm Kalamaya | Goscha, has created a simple, step by step guide to the Colorado divorce process, so you know what to expect and how to best protect yourself and your assets.  Each 5-minute episode will cover the process for divorce, parenting in a divorce, property division, and more. To watch the videos of each episode, click here.About Kalamaya | GoschaKalamaya | Goscha is an innovative law firm with an award-winning team of trial lawyers specializing in highly personal disputes — divorce, child custody, property division, maintenance/alimony, pre-marital and marital agreements, and collaborative divorce — in Colorado. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at info@kalamaya.law.************************************************************************DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.

Dylan LeClair is the Senior Market Analyst at UTXO Management, a digital asset fund investing in the analog to digital transformation of money and the emergent financial system.    In this conversation, we discuss bitcoin, on-chain metrics, market structure, and what to expect from the tough economic climate. Dylan joins us every Tuesday on "The Best Business Show." To see the video with the corresponding charts that Dylan references throughout the interview, go to "The Best Business Show: LIVE" YouTube Channel ======================= FTX.US is the safe, regulated way to buy and sell Bitcoin and other digital assets. Trade crypto with up to 85% lower fees than top competitors. There are no fixed minimum fees, no ACH transaction fees, and no withdrawal fees.   FTX.US is also the only leading exchange that supports both Ethereum and Solana NFTs.   Download the FTX App today and use referral code “Pomp” to earn free crypto on every trade over $10. The more you trade, the more you earn. ======================== Brave Wallet is the first secure crypto wallet built natively in a web3 crypto browser. No extension required. Store, manage, and grow your portfolio, get NFT & multi-chain support, and more.    Download the Brave privacy browser at brave.com/Pomp, and click the wallet icon to get started. ======================= The Pomp Podcast is powered by BetOnline.ag, the world's largest sports betting, casino, poker and horse racing website that accepts cryptocurrency for wagering.   BetOnline.ag gives you the ability to use Bitcoin and more than a dozen altcoins to make deposits and withdraw your winnings. There are no crypto transaction fees, and processing is instantaneous and secure.   Visit https://promotions.betonline.ag/pomp and use PROMO CODE: POMP100 to receive a 100% matching bonus on any crypto deposit.   BetOnline.ag is available in nearly every country around the world, making it the top global gaming destination for crypto users. =======================

All about Illiquid Investment When the market is going through one of its many highs and lows, it seems like everyone has something to say. However, what you might not hear a lot about are illiquid investments—assets that may be hard to sell quickly and can take time to turn into cash. If you are unfamiliar with illiquid investments, you've come to a good place.   In this episode, Dave talks about... What to watch out about Illiquid Asset Different kinds of financial advisers / financial planners About Direct participation programs What does a broker-dealer do? Why many doctors are given horrible advice by shady advisors Listen about a physician client that was based in the Cayman Islands The big problem with Illiquidity What is the best thing to do in Investment rather than having completely illiquid? Few different things that Dave's advice as to ways of vetting this kind of investment Resources Mentioned In This Episode Website Locum story Email: dave@doctorfreedompodcast.com   For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com ----more---- ----more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm's views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

If you've ever worked for a startup, then you know it can feel a bit like watching paint dry, waiting for the company to reach its light at the end of the tunnel, going public, and allowing you to finally cash in on all of your hard work and contribution. In many cases, it can … Continue reading 37. Finding Liquidity for Your Illiquid Shares with Vieje Piauwasdy →

In today's episode, I break down Bitcoin On-Chain Analytics. I'm usually joined by WiIl Clemente on Saturdays to discuss his research through articulating his weekly newsletter. Unfortunately, Will was unable to join us this week. Instead, I review the Bitcoin charts from the past week to see how the market is looking. In this update I discuss the Bitcoin Conference, It's correlation with The Nasdaq, and how retail buyers continue to buy up all of the Bitcoin supply. To see the video with the corresponding charts referenced throughout the interview, go to my Anthony Pompliano YouTube Channel ======================= Today's episode is brought to you by Coinbase Wallet, your key to the world of crypto. Crypto wasn't made to just buy, sell, and hodl. With Coinbase Wallet, you can do so much more: Collect more NFTs, earn more with DeFi, and trade more than 4,000 tokens. Whether you're looking to play, stake, spend, or just explore a trending new protocol — Coinbase Wallet is your key to more. Long-time HODLers already know that wallets are a must-have if you want complete control of your crypto. That's why Coinbase Wallet makes self-custody simple, while providing the safety and security of the most trusted name in crypto. Visit http://coinbase.com/wallet to learn more. ======================= If you're a regular listener of the podcast, I would bet that two things are true: First: You're passionate about Web3 and protecting your personal data And two: that you're a human.   If I'm right, then congratulations! You're entitled to all the benefits of the decentralized web. But there's a catch: As Web3-enabled tech — like NFTs, smart contracts, and DAOs — drive more elements of our “real world” lives online, proving that you're a person – without surrendering personal data – becomes exponentially more valuable. And exponentially more difficult.   This is why Unstoppable Domains launched Humanity Check.    Humanity Check proves that you're, well, you – without revealing personal data. No matter where you go on the web, you'll have total control over which apps you want to share data with…and which ones you don't.   Prefer to be completely clouded in mystique? No worries - Humanity Check is 100% opt in. If you want to feel alive, or at least prove you are, head to http://UnstoppableDomains.com and get your NFT domain with Humanity Check. ======================= Cryptocurrencies offer boundless potential, but how will you protect your crypto? Arculus is the next generation crypto cold storage wallet that combines the world's strongest security protocols on the Arculus Key Card with an easy-to-use Arculus Wallet App. With over 20 years of experience developing leading-edge secure payment technologies, CompoSecure created Arculus to give you the power to protect your financial future. You can buy, store, swap, send and receive your crypto with a simple tap of your Arculus Key Card to your mobile device. Your private keys are encrypted on the Arculus Key Card and they never leave it. Stay safe from hackers with no cords; no charging; no Bluetooth. The only person accessing your crypto... is you. Buy Arculus on Amazon today at https://amazon.com/arculus =======================

The HODL model hypothesizes that bitcoin has crossed an inflection point, with the asset's illiquid supply outpacing the rate of new supply issuance.   Read the full Article: The Hodl Model    Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022 GET 10% OFF TICKETS WITH PROMOCODE: YTMAG   https://b.tc/conference/ 

QuickFS Link: https://quickfs.net/?via=focused Twitter: @Focusedcompound Email: info@focusedcompounding.com Focused Compounding is an exclusive, members-only site for buy and hold value investors. Inside, you will find research writeups written by hedge fund manager, Geoff Gannon. Experience all this in the company of investors who follow the principles of Buffett, Munger, and Fisher instead of the whims of the crowd. Please read our Disclaimer: https://focusedcompounding.com/discla...

Art of the Deal: Contemporary Art in a Global Financial Market By Noah Horowitz Art today is defined by its relationship to money as never before. Prices of living artists' works have been driven to unprecedented heights, conventional boundaries within the art world have collapsed, and artists now think ever more strategically about how to advance their careers. Artists no longer simply make art, but package, sell, and brand it. Noah Horowitz exposes the inner workings of the contemporary art market, explaining how this unique economy came to be, how it works, and where it's headed. He takes a unique look at the globalization of the art world and the changing face of the business, offering the clearest analysis yet of how investors speculate in the market and how emerging art forms such as video and installation have been drawn into the commercial sphere. Takeaways Art has the potential to be an important as a stored value. But there are problems with the current market such as: * Hard/expensive to verify authenticity * Expensive to store/handle/transact * Illiquid market * Difficult price discovery * Artist does not profit from secondary sales Subscribe! If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! You can also listen and join us on ReasonFM (https://reason.fm/podcast/wiser-than-yesterday) or just ask questions. Don't Forget to like, comment, share and subscribe See podvine.com/privacy-policy for privacy and opt-out information.

We have a (semi) conclusion to the rat and talk to a special guest about finance.

Illiquid Assets & Investments  The concept of liquidity is one that very few people understand and appreciate. A $10 bill is about as liquid as it possibly gets – it's cash, it's tender, stuff is purchasable with it; it's fully liquid. Liquidity Scale  A gift card is rather liquid, but we're moving a little further down the liquidity scale. Now, if I owned shares of publicly traded companies, those are fairly liquid. I can sell those shares and get cash for them. Those are fairly liquid when it comes to investments. Now a lot of these assets are not as liquid as stocks, right? You could have a bond, a preferred share, a debenture, a junior stock or a penny stock. These generally have less liquidity and what ends up happening as a result of that fact is that you're actually not able to convert them to cash. Or if you can, you must take a loss when you're converting it. Generally, these illiquid assets typically mean that there's less volume traded on that day or week. There's less buyers of these shares generally. It leads to an abnormally large bid ask spread. The bid ask spread. If I want to bid 90 cents for this bond and the ask is a dollar, that's a relatively large bid ask spread. Let's talk about some of these illiquid assets that you have. How liquid is your house? Could you convert it to cash tomorrow morning? Maybe if it's a condo in the right price area you could sell it really quick and convert it to cash. But generally, that would be an illiquid asset. How about antiques? You have an antique that your grandma left you, you've had it appraised, and you know it's worth a lot of money. How liquid is it actually? Dead instruments, right? You get a bond from a smaller company, maybe a small cap company and there's a huge bid ask spread and there's actually sometimes no bid. These penny stocks, there's been many times things are great on these penny stocks when they're making new highs. People are buying and people are buying, but the dreaded no bid situation is just not fun, no bid meaning there's not one person who actually wants to buy your shares. Therefore, you cannot convert it to cash, even with a penalty. That is the definition of an illiquid asset. When you're investing in your portfolio, you definitely need to know your liquidity. Full Video & Blog Article on Liquidity Management & Planning: What is your Liquidity Ratio? Liquidity in your Portfolio How much cash could I potentially need in the next six months, next year, next two years, next week, and then how much of my portfolio can be converted to cash if I need it tomorrow. That's one thing that I see a lot of people who don't understand and don't appreciate this, is you actually need to understand and work with someone to build your portfolio that meets your liquidity needs. People often talk asset allocation. They'll say, well, my asset allocation is perfect, I talked to my manager and we're on the same page. But they've never done a liquidity analysis. A lot of these newer products now that are being sold, some of the private debts, some of the private equity, sometimes they have liquidity provisions whereby you can't liquidate for a year or two or three or five, or if you can, it's with a penalty. It might be 3 or 5% penalty or something like that if you want to liquidate in the first year. Be very careful of those. If you are owning illiquid assets, you should be getting what's called a liquidity premium. If I can get a percent on a private debt and still sell it and convert my cash to tomorrow, that's worth way more than if I need to wait a year or two to collect my cash. If you're not having the liquidity in your investments that you would have with publicly traded securities, you need to be getting more in terms of return for that. The people who speculate and invest in penny stocks, they might go no bid and when their stocks go no bid, that's not fun. But they're getting a premium for that because they're hoping that at some point their penny stock could go from 10 cents to $1. That's not for everyone. Believe me, you don't want to be caught on the wrong side of a liquidity squeeze. If you actually have to sell your assets at an inopportune time, that is not pleasant. You don't want to be selling your assets when everything is bottomed out because that's when you end up suffering because of your liquidity. These are all really important concepts. You should definitely have someone do a liquidity analysis of your personal net worth, of your personal wealth.

Do illiquid alternatives make sense in my portfolio?” Rather it's “How much illiquid alts should I have?” Arriving at the answer requires an allocation model that goes beyond the efficient frontier. Guest Alex Chaloff discusses Bernstein's innovative model and why it creates the optimal allocation. And for more, read “A Framework for Allocating to Illiquid Investments [http://bit.ly/illiquidity]  Note to All Readers: The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this podcast. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor's personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AllianceBernstein or its affiliates. The [A/B] logo is a registered service mark of AllianceBernstein, and AllianceBernstein® is a registered service mark, used by permission of the owner, AllianceBernstein L.P. © 2019 AllianceBernstein L.P