Podcasts about liquidity

Welcome to the land podcast, a platform for people looking to educate themselves in the world of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals. On today's episode, we are back on the road in Iowa and we made a pit stop to talk with none other than Steve Hanson. We discuss: Life offers no do-overs, but reflection can lead to valuable insights Real estate principles remain constant despite market changes Steve bought his first farm at 22, before even owning a house Skepticism from others surrounded his early land purchases Lack of prior experience allowed for a fresh perspective on land investment A key mistake was not being aggressive enough in purchasing land Price thresholds often deterred him from buying more land Market plateaus typically last one to two years before a shift occurs Learning to adapt to changing market conditions over time Liquidity is a significant concern when investing in land Taking risks is essential for achieving success in land investment Understanding 1031 exchanges is crucial for building generational wealth Holding onto farms for two to three years is ideal for maximizing value Focus on good deals rather than waiting for perfect conditions And so much more! ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.whitetailmasteracademy.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Use code '⁠⁠⁠⁠⁠⁠⁠⁠⁠HOFER' to save 10% off at ⁠⁠⁠⁠⁠⁠⁠⁠⁠www.theprairiefarm.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Massive potential tax savings: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ASMLABS.Net⁠⁠⁠⁠⁠⁠⁠⁠⁠ -Moultrie: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/moultrie_⁠⁠⁠⁠⁠⁠⁠⁠⁠ -Hawke Optics: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/hawkeoptics_⁠⁠⁠⁠⁠⁠⁠⁠⁠ -OnX: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/onX_Hunt⁠⁠⁠⁠⁠⁠⁠⁠⁠ -Painted Arrow: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/PaintedArrow

Send us a textReady to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...  Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com Tax planning doesn't have to consume your time or require expertise to be effective, especially for professionals who feel overwhelmed or too busy to implement complex strategies.• Retirement accounts offer substantial tax deferral opportunities with minimal ongoing effort• You can contribute to tax-deferred accounts after year-end but before filing taxes• Liquidity concerns can be addressed through strategic timing and borrowing options• Advanced charitable planning creates massive deductions for those earning $500K+• Oil and gas investments provide truly passive losses that offset all income types• Distributions from oil and gas investments receive favorable tax treatment• Simple systems and professional support capture legitimate deductions without constant vigilance• S-corporation salary optimization can save six figures with proper guidance• Home office deductions and accountable plans require minimal effort but deliver real savingsVisit prosperalcpa.com/apply to learn how we can help simplify your tax planning. Take our free mini-course at taxplanningchecklist.com.Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...  Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com 

How does the treasury team impact corporate strategy? In this episode of Corporate Finance Explained, we break down the critical role of the corporate treasury function, including liquidity management, financial risk mitigation, and capital allocation.

What if the key to transforming entrepreneurship lies in who gets to be an investor? In this episode of The Angel Next Door Podcast, host Marcia Dawood invites us to consider the power of opening up investment opportunities to more women and how it could change the face of business leadership.Our guest, Patricia Lizarraga, is a trailblazing finance expert who created the Hypatia Women CEO ETF (WCEO ETF) after realizing the unique strengths women bring to executive roles. Her fund allows anyone—with as little as $30—to invest in every U.S. public company run by a woman CEO, breaking down traditional barriers and shifting perceptions of who can be an investor.Listeners will gain insights into how the WCEO ETF is outperforming industry benchmarks and why initiatives like the “100 Shares for Women” campaign are critical to advancing gender equity. This episode is essential listening for anyone curious about making an impact through investing, expanding their financial confidence, or supporting more women at the helm of big business. To get the latest from Patricia Lizarraga, you can follow her below!https://www.linkedin.com/in/patricializarraga/https://www.hypatianation.com Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing!Website: www.marciadawood.comLearn more about the documentary Show Her the Money: www.showherthemoneymovie.comAnd don't forget to follow us wherever you are!Apple Podcasts: https://pod.link/1586445642.appleSpotify: https://pod.link/1586445642.spotifyLinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/Instagram: https://www.instagram.com/theangelnextdoorpodcast/TikTok: https://www.tiktok.com/@marciadawood

Episode 63: Hedge Fund Offering Terms, Part 2: Liquidity Today is the second in a series of Tokens of Wisdom episodes walking through the main offering terms for an open-ended fund, aka a hedge fund.  One of the first things I do with new fund clients is take them through a fund questionnaire to determine the offering terms for their new fund. This is usually a one hour conversation, at the end of which I have most of what I need to draft the fund's offering documents. Since I know ToW listeners like it short and sweet, I'm going to break this up into a handful of different episodes. Today's episode discusses liquidity terms. Key Points From This Episode: How do hedge fund managers think about liquidity provisions?What's the tension between manager and investor?Common liquidity restrictions/mechanisms.What variables are relevant for each mechanism? Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us are sharing their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today's Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/Cole-Frieman & Mallon LLP - https://colefrieman.com/Music by Joe Ginsberg - https://www.instagram.com/thejoeginsbergFor any questions or comments, email: tow@colefrieman.com 

Cardano DeFi is heating up this winter with a flurry of activity across lending, perpetuals, stablecoins, and community engagement.Strike Finance has now opened liquidity provisioning for users, allowing ADA holders to deposit funds that fuel leverage trading on the platform. This significantly boosts available liquidity and increases max position sizes. Liquidity providers and $STRIKE stakers benefit from trading fees, with usage metrics already trending upward.Flow, a new perpetual lending platform on Cardano, is currently holding a token sale. With 5 million ADA raised in just one day, community demand is clear. The platform promises loans without maturity dates and will enable users to use the $FLOW token for staking, governance, and pool creation. The token sale is pro-rata and fully decentralised, with a 68% public allocation.A major proposal is also making waves—allocating $100 million USD worth of ADA from the Cardano Treasury into stablecoins, Bitcoin, and other assets to create a sovereign wealth fund. Advocates see this as a critical move to inject liquidity and kickstart Cardano DeFi. Concerns remain around sell pressure and execution, but overall sentiment seems to favour the plan as a needed catalyst.USDM's Jillian provided valuable insight into how yield works in fiat-backed stablecoins, explaining how platforms like Coinbase offer interest through profit-sharing agreements, while issuers like Moneta Digital (behind USDM) are legally prohibited from doing the same directly. USDM needs to reach 150–200 million AUM to begin yielding returns via DeFi partners like Minswap or Liquid.On the lighter side, SNEK.FUN continues to innovate with new community tools including live wallet-linked chat during token sales. They're also launching 1,111 unique figurines, each signed by the artists who brought them to life—blending digital culture with physical collectables.Finally, Peter announces a limited-edition CardanoPress Wapuu pin giveaway for anyone with a live CardanoPress-powered site. Only 25 will be made, a nod to both the WordPress and Cardano communities.

Jonathan Costello says investors should take notice of the growing space, which has evolved to offer more liquidity, diversification, and returns similar to private equity. According to Costello the secondary market has grown in importance as traditional exit options for sponsors have become more limited.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

As cross-asset volatility resets following peak tariff fear, the geopolitical risk premium in the oil options market has moved higher. In this edition of the All Options Considered podcast, Bloomberg Intelligence's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Matt King, founder of Satori Insights, to discuss the impact of changes in central-bank reserves, liquidity and flows on markets.

Crypto News: Uncertainty hits investors in the Crypto market as Bitcoin stalls and War rises in the middle east. Trump Media gets SEC Approval for share sell to buy Bitcoin.Show Sponsor -

We'd love to hear from you. What are your thoughts and questions?In this episode, Dr. Allen Lomax interviews Tyler Vinson, CEO of ReTokens, about the future of wealth building through tokenization and blockchain technology in real estate. Tyler shares his personal journey through the 2008 financial crisis and how it inspired him to innovate in real estate investing. The conversation explores how tokenization can democratize access to real estate investments, enhance liquidity, and streamline the investment process. Tyler also discusses the regulatory landscape and the future of wealth building with digital assets.Main Points:The future of wealth is becoming more accessible through tokenization.Real estate investing can be as liquid as stock trading.Tyler Vinson's journey was shaped by the 2008 financial crisis.Tokenization allows for digital ownership of real estate.Blockchain technology enhances transparency and security in investments.Investors can now access real estate with lower capital requirements.The investment process is streamlined through digital platforms.Regulatory frameworks are adapting to accommodate tokenized assets.The secondary market will allow non-accredited investors access to investments.The future of wealth building will involve diverse digital assets.Connect with Tyler Vinson:troy@kitcaster.comhttps://retokens.com/https://linkedin.com/company/retokenshttps://www.linkedin.com/in/realestateinvestment/

Cash isn't just security — it's flexibility, clarity, and opportunity. Real entrepreneurs know: liquidity > locked-up equity.Get access to our real estate community, coaching, courses, and events at Wealthy University https://www.wealthyuniversity.com/Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.wealthykingdom.com/ If you want to level up, text me at 725-527-7783!--- About Ryan Pineda: Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue. Ryan has amassed over 2 million followers on social media and has generat...

In this special episode, we welcome back Patric Hellermann to dive deep into the concept of edge in venture capital. This isn't your average discussion on differentiation—it's a methodical breakdown of what creates enduring alpha for fund managers, grounded in Patric's experience building Foundamental, a B2B-focused early-stage VC.This episode is for anyone asking: How do I build an edge that scales? You'll leave with answers rooted in practice, not theory.Here's what's covered:02:30 What Makes an Edge? Why Most VCs and LPs Struggle to Answer06:15 The 4 Steps of VC Value Creation: Sourcing, Picking, Winning, Managing12:45 What Founders Want: How to Make Yourself the First Call17:10 DPI Over Hype: Why Patrick Optimizes for Liquidity, Not Likes21:20 Empathy, Proximity & Pattern Recognition: What Most European Funds Get Wrong28:35 Pan-European Funds & the Pitfalls of “Routine-Free” Investing34:40 Why Distribution Beats Product: Lessons from Category Leaders41:25 Fund Design That Scales: GPs with Domain Depth Over Generalism53:30 Prioritization as a Superpower: How to Build With Focus1:00:45 National vs Global Champions: How LPs Think About Risk and Follow-On Capital

Apple had its software development conference this week. It announced a whole new design language filled with organic movements and over-the-top animations, serving as the perfect distraction from the company's very public missteps in AI.We go through everything you need to know. Well, at least 60% of it.See omnystudio.com/listener for privacy information.

Don and Tom salute high-schoolers who tackled the National Personal Finance Challenge, then test listeners (and each other) with the same nine-question quiz—covering basics like principal vs. balance, Roth RMD rules, CDs, vesting, inflation risk, callable bonds, and limit orders. Call-in segments dig into real-world money puzzles: whether to sink home-sale proceeds into a new mortgage at today's 7 % rates, how (and whether) to value a military pension, rolling a TSP, and a head-scratcher about wildly swinging “management” fees inside a Fidelity IRA. A quick detour touches on Don's upcoming birthday before they wrap with practical takeaways: know your income gap first, keep fees transparent, and remember—it's “losing money safely” if cash just languishes. 0:04 Why everyone needs a working knowledge of money 1:22 National Personal Finance Challenge shout-out & why only 0.1 % of high-schoolers compete 2:04 Quiz Q1 — defining principal 4:01 Quiz Q2 — Roth vs. traditional IRA RMD rules 5:10 Invitation for listeners to tackle the quiz live on air 7:38 Quiz Q4 — why CDs pay more (funds locked for a term) 8:57 Quiz Q5 — what “vesting” really means 9:59 Quiz Q7 — parking cash in a sock = inflation risk 12:33 Quiz Q8 — callable bonds explained 13:51 Caller Hillary — use equity to pay down a 7 % mortgage or invest instead? 16:33 Liquidity vs. rate trade-off and psychological comfort of a lower payment 18:43 Model-airplane museum banter & show phone line reminder 20:46 Caller Justin — valuing a pension and TSP rollover strategy 23:45 Start with income needs, then size savings; why keeping TSP is fine if it's your only IRA 28:13 Caller John — Fidelity “management fee” swings; how to pin your advisor down 33:25 Caller Will — cosmic birthday musings & the age of the universe 36:51 Quiz Q9 — limit orders, and Tom flunks Series 7 trivia 40:35 How few teens get real money education & resources to close the gap Learn more about your ad choices. Visit megaphone.fm/adchoices

My guest today is Bill Gurley. Bill was the general partner at Benchmark Capital. He joins me for his sixth time on Invest Like the Best with his most comprehensive market analysis yet, examining the realities reshaping venture capital. Bill tackles the uncomfortable math underlying today's venture returns, with companies staying private for far longer. He also walks through why no one—from GPs to LPs to founders—has proper incentives to mark assets accurately, creating a system-wide coordination problem. And, we dig into the investment implications of AI as a platform shift, ranging from evaluating AI revenue quality to international competitive dynamics. Bill offers crucial perspective on playing the game both as it exists today and as it may evolve. Please enjoy my conversation with Bill Gurley. For the full show notes, transcript, and links to mentioned content, check out the episode page⁠⁠⁠⁠ here.⁠⁠⁠⁠ ----- This episode is brought to you by⁠⁠⁠⁠ Ramp⁠⁠⁠⁠. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠ Ramp.com/invest⁠⁠⁠⁠ to sign up for free and get a $250 welcome bonus. – This episode is brought to you by⁠⁠⁠⁠⁠ Ridgeline⁠⁠⁠⁠⁠. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Head to⁠⁠⁠⁠⁠ ridgelineapps.com⁠⁠⁠⁠⁠ to learn more about the platform. –  This episode is brought to you by⁠⁠⁠⁠⁠ Arcana. Arcana is the world's most advanced portfolio intelligence platform, trusted by institutional investors managing trillions in AUM — including market neutral, long-short, long-only, and capital allocators. Arcana enables portfolio managers, risk teams, analysts, and CIOs to drill into exposures and idio, construct optimal portfolios, and decompose performance at incredible granularity. Visit arcana.io to request a demo and learn more. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠). Show Notes: (00:00:00) Welcome to Invest Like the Best (00:05:23) State of the Union: Venture Capital Edition (00:07:58) The Rise of Mega VC Funds (00:09:38) Zombie Unicorns: The Overvalued Giants (00:17:29) The IPO and M&A Market Stalemate (00:24:08) The AI Wave and Its Impact (00:26:03) Private Markets and LP Liquidity Issues (00:29:57) The Future of Capital Markets (00:37:49) Advice for Founders in a Changing Landscape (00:39:27) The High-Stakes Game of Capital Battles (00:41:35) AI: The New General Purpose Technology (00:42:57) Challenges and Opportunities in AI Revenue Models (00:44:37) The Role of Founders in the AI Revolution (00:46:44) The Impact of Time and Liquidity on Venture Capital (00:50:35) Navigating the Future of Venture Capital (00:58:45) International Dynamics in the AI Race (01:13:58) Advice for Founders in the AI Era

The Looming Crisis Few Want to Confront Paul Daneshrad, CEO of StarPoint Properties and author of Money and Morons, is sounding the alarm: the United States is barreling toward a sovereign debt reckoning – and real estate professionals are not nearly prepared.   Citing economists Reinhart and Rogoff, along with voices as diverse as Jamie Dimon, Jerome Powell, and Ray Dalio, Daneshrad warns that the U.S. has not only crossed the 100% debt-to-GDP threshold, widely viewed as a critical danger zone, but has kept accelerating. "We're at 120 to 140% on-balance-sheet," he notes. "If you include off-balance-sheet liabilities, we're at 300%." While the exact timing of the crisis is unknowable, Daneshrad argues that its inevitability is not. “It's not a question of if – it's when.”   Politics, Populism, and Normalcy Bias Daneshrad is quick to dismiss the conventional partisan narrative. The deficit is no longer a left-right issue, it's a bipartisan affliction. Both political parties, he argues, are fueling structural imbalances. Worse, the electorate, while voicing concern, refuses to vote for hard choices.   This disconnect is the heart of his book's provocative title: Money and Morons. “86% of Americans say they're worried about the debt,” he says. “But they won't vote for politicians willing to solve it, because that solution involves pain.”   The result is what psychologists call “normalcy bias” – an instinct to ignore looming threats and retreat into the comfort of the familiar.   Fixed-Rate Fortresses: Real Estate's First Line of Defense If the debt crisis triggers hyperinflation and a spike in interest rates, as Daneshrad expects, the implications for real estate will be seismic. His response? Radical preparation.   StarPoint has already begun shifting its portfolio into 20+ year fixed-rate debt and is moving toward 30-year structures. “It's painful. It's more expensive. But if the crisis comes in eight years, and you've got two years left on a 10-year loan, you're vulnerable.”   He emphasizes that this is not a fringe view. “Even Powell, whose mandate doesn't include the deficit, felt compelled to warn the public. That's how serious it is.”   Deleveraging with Purpose Debt levels at StarPoint are also coming down – fast. The firm is targeting 40% leverage, down from a peak of 70%. They currently sit at 54%, and the journey continues.   The rationale is clear: when interest rates jump from 6% to 15%, the re-pricing of real estate will be brutal. “That's trillions in lost value,” says Daneshrad. “You have to de-risk now.”   The Forgotten Asset: Cash Cash, often derided for its lack of yield in boom times, plays a central role in Daneshrad's playbook. “The Rockefellers, Kennedys, Guggenheims – they had cash when it mattered. They bought at two cents on the dollar.”   Berkshire Hathaway's record cash holdings reinforce this strategy. “Buffett sees limited opportunity right now and high risk. That should tell you something.”   Daneshrad recommends targeting cash reserves as a percentage of either AUM or annual free cash flow, steadily building them over time. "Public companies get punished for it. Private firms like ours have more flexibility and we're using it."   Why He's Not Buying (Yet) Despite market dislocation, Daneshrad says StarPoint is mostly sitting on the sidelines. Cap rate spreads don't justify the risk, and few deals offer the deep value he's targeting.   “We're looking for rebound plays where sellers are on their third buyer and need certainty of close. That's where the discounts are. But those opportunities are rare.”   Asked whether the mispricing stems from short-term underwriting or optimism bias, he shrugs. “We've flooded the system with liquidity. Asset prices are artificially propped up.”   Diversification and the Limits of Real Estate Daneshrad is not betting the farm on U.S. real estate. He's pursuing modest geographic diversification abroad and expanding into non-real estate asset classes. “Historically, real estate hedges inflation well but a debt crisis changes everything.”   He's candid about the difficulty: “We're not that smart. Timing a crisis is hard. But we can prepare for one.”   The Aging America Conundrum One of the more nuanced points Daneshrad raises is the intersection of demography and fiscal sustainability. Aging, he agrees, is inevitable. But the care infrastructure it requires is not financially supported. “The trustees for Social Security and Medicare, not politicians, say the funds go bankrupt in under ten years. That's $90 trillion in off-balance-sheet liabilities.” Senior housing? “A great idea if the elderly can pay. But with savings rates at historic lows, I'm not optimistic.”   Market Signals That Matter Daneshrad watches for three early signs of crisis: A gradual rise in interest rates – not driven by Fed hikes but by market demands for higher risk premiums. Breakdown of the flight-to-safety dynamic – if equities fall but bond yields rise, that's a red flag. The ‘bang moment' – as coined by Reinhart and Rogoff, when confidence evaporates overnight. As Hemingway once said about bankruptcy, it happens "gradually, then suddenly."   What He'd Do with $1 Million Today If handed an extra million in cash, Daneshrad says he'd hold 80% in cash and invest the rest. “Protect the capital. Diversify over multiple asset classes. Liquidity is opportunity.”   Final Word Paul Daneshrad's message is sobering but clear: “Protect. Prepare. Don't pretend.” He doesn't claim to predict the future. But if you accept the warnings from the smartest voices in finance and economics, the case for defensive posturing is overwhelming.   And if they're wrong? You lose a few basis points. But if they're right you survive the bang.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

In this episode of The Wade Borth Podcast, Wade wraps up his deep dive into the eight key benefits of whole life insurance. Building on Part 1, he explores how privacy, tax-free death benefits, guaranteed monthly cash value growth, and income statement improvements make this asset a powerful tool for long-term financial confidence. If you've ever viewed premiums as a burden, this conversation may flip the script—showing how whole life insurance aligns with your values and financial goals to serve you for life.   Episode Highlights 01:45 - Understanding the multiple benefits of whole life insurance. 02:19 - Keeping money in your own financial ecosystem. 03:47 - Liquidity in times of financial stress. 05:38 - Privacy of whole life insurance contracts. 07:40 - Income tax-free death benefits. 10:48 - Guaranteed growth of cash value. 12:00 - Importance of starting early with whole life policies. 14:13 - Whole life insurance as part of a diversified financial strategy.   Episode Resources Connect with Wade Borth https://www.sagewealthstrategy.com/  wade@sagewealthstrategy.com  

This week, Felix and Tyler unpack the unraveling Trump–Elon alliance as a microcosm of fiscal denial, explore the slow death of austerity, and discuss why endless debt and political gridlock may actually be bullish. They dive deep into the brewing housing market crack, the quiet rise of crypto IPOs like Circle, and the generational shift from TradFi despair to crypto optimism. Plus, reflections on Larry Fink's globalization rebrand, market structure flows holding up equities, and more. Enjoy! — Follow Tyler: https://x.com/Tyler_Neville_ Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Subscribe to Milk Road: https://bit.ly/43EDdiW — Weekly Roundup Charts: https://drive.google.com/file/d/1badYX4f8iXwp3_nN7zm_hu0dVINu80QF/view?usp=drive_link — Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv — Blockdaemon is the gateway to the decentralized economy, securing over $110B in digital assets for 400+ institutions with blockchain nodes, APIs, MPC wallets and vaults, and staking solutions. Learn more: www.blockdaemon.com Echo Protocol is the first Bitcoin liquid re-staking and yield layer on MoveVM. As the second-largest protocol on Aptos by TVL, Echo secures nearly half of the network's bridged assets with ~$270M in aBTC minted. https://www.echo-protocol.xyz/ Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information. Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. — Timestamps: (00:00) Introduction (02:43) The Narrative Market (03:49) Austerity Isn't Happening (06:27) Fed Easing, Jobs Data & Liquidity (10:57) Ads (Blockdaemon, Aptos, Arkham, Milk Road) (13:09) Inflation & Stagflation Threat (15:23) Housing Market (21:08) Crypto Boom Time (25:34) Crypto Is Changing (29:07) Ads (Blockdaemon, Aptos, Arkham) (31:31) BTC ETF Holders (32:49) Saylor & Crypto Treasury Companies (34:46) 2nd Draft of Globalization (40:25) Chamath & The New Media (44:09) Everything Will Change (47:23) Market Structure (52:23) Flows vs Fundamentals (55:23) Final Thoughts — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

In this episode of The Data Minute, Peter is joined by Beezer Clarkson, Partner at Sapphire Ventures and co-host of the acclaimed Origins podcast, for a candid, rapid-fire look inside the minds of LPs, the realities of fundraising, and why venture isn't broken, but is being reshaped.They cover the biggest questions emerging managers are asking right now: How do you stand out in a market filled with sameness? Do mega-funds really distort early-stage deals? And how should GPs talk to LPs about secondaries, exits, and… failure? Beezer also dives into how newer GPs are using content, transparency, and AI tools to differentiate, and why Sapphire has taken a public voice when so many LPs have stayed quiet.If you've ever asked “What do LPs really care about?” or “How can I build enduring conviction with institutional investors?” — this episode has the answers.Subscribe to Carta's weekly Data Minute newsletter: https://carta.com/subscribe/data-newsletter-sign-up/Explore interactive startup and VC data, with Carta's Data Desk: https://carta.com/data-desk/Chapters:01:14 – Are mega-funds distorting early-stage VC?03:38 – Why nimble managers can win the best early deals05:04 – The myth of aiming for a “base hit” in venture06:57 – Will the best founders always land at the biggest funds?08:08 – Repeat founders vs first-timers in the AI age08:55 – Why Sapphire is still bullish on emerging managers09:28 – How LPs think about adding a new GP to their portfolio11:04 – Relationship inertia: it's not just about the numbers12:14 – The real reasons LPs don't shift allocations more13:36 – Why reporting is fundamentally harder in venture14:03 – Hidden strengths of today's emerging managers15:03 – Better reporting formats: from Notion pages to CEO videos16:24 – Reimagining the Annual General Meeting (AGM)18:18 – The risk of communicating only in failures19:53 – Self-regulating GPs: what long-term LPs really look for21:20 – Learning from anti-portfolio decisions23:49 – Qualitative qualities LPs remember: insight and differentiation25:33 – Generalist funds in an AI-driven market26:22 – How pattern recognition drives better decision-making28:15 – Scouting, accelerators, and thoughtful experimentation29:07 – Why it's gotten harder to stand out as a new manager30:17 – The liquidity crisis: is this the worst it's ever been?32:14 – Normalizing secondaries: opportunity or stigma?33:34 – Why secondaries are often still so uncomfortable36:52 – Founder secondaries and aligning incentives38:20 – Term sheet innovation and collaborative norm-setting39:39 – Is venture broken? Or just economically challenged?41:51 – The core issue: it's not innovation—it's liquidity42:43 – Why funding pathways must evolve for the long private cycle44:45 – What does professionalized venture look like post-2021?45:58 – What LPs can learn from participating in content47:12 – The unexpected upside of LP-led thought leadership49:16 – Content as a learning engine: why Sapphire shares publicly51:21 – Motivation, value, and the Origins podcast origin story52:31 – What going “above and beyond” looks like for today's GPsThis presentation contains general information only and eShares, Inc. dba Carta, Inc. (“Carta”) is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services, and is for informational purposes only.  This presentation is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. © 2024 eShares, Inc., dba Carta, Inc. All rights reserved.

Welcome back to the Alt Goes Mainstream podcast.Today's episode is with the CIO of an insurance company responsible for more than $300B in assets and a major focus on private markets.Lincoln Financial EVP and CIO Jayson Bronchetti and I sat down recently at Lincon Financial's headquarters in Radnor, Pennsylvania to discuss the increasing involvement of insurance companies in private markets.Jayson, who is a member of Lincoln Financial's Senior Management Committee and serves as the primary investment officer to Lincoln's Board of Directors on all investment-related matters, is responsible for more than $300B in assets across the general account portfolio and the separate account mutual fund complex. He's also chairman of the board of directors of the Lincoln Variable Insurance Product Trust family of over 100 mutual funds. He's also on the board of the Lincoln Financial Foundation.Fresh off recent partnerships with Bain Capital and Partners Group on private markets investment products and Bain Capital taking a stake in Lincoln's business, Jayson and I had a fascinating conversation about how insurance companies can approach private markets and how they can build unique and differentiated partnerships with asset managers.We discussed:The evolving role of insurance companies as LPs in private markets.Why asset and liability matching is a critical framework to allocating to private markets.How the general account of an insurance company creates interesting opportunities for strategic relationships and partnerships with alternative asset managers.The benefit of having a business that works with financial advisors and individuals.The importance of educating wholesalers about private markets – and why insurance wholesalers might have an advantage in educating advisors and clients about private markets products and strategies.Thanks Jayson for coming on the show to share your wisdom and expertise about private markets and insurance.Subscribe to Alt Goes Mainstream to receive the weekly newsletter every Sunday and all of AGM's podcasts.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:40 Introduction to Jayson Bronchetti02:20 Sponsor Message: Ultimus Fund Solutions03:37 Welcome to the Podcast04:03 Jayson's Background in Private Markets04:57 Evolution of Insurance Companies in Private Markets06:37 Symbiotic Relationship Between GPs and Insurers08:40 Understanding Liquidity and Illiquidity11:19 Diligencing Private Markets Managers13:25 Balancing Scale and Performance14:09 Boots on the Ground: Sourcing Edge14:42 Evolution of Alternative Asset Managers14:53 Lincoln's Unique Position in the Market19:32 Strategic Partnerships with Bain and Partners Group20:03 The Value of Distribution Relationships22:14 The Democratization of Alternative Investments22:49 The Intersection of Private Markets, Wealth, and Insurance23:10 Approaching Private Markets with the General Account24:18 Launching Strategies with Bain and Partners Group24:50 Incubating New Strategies for Retail Consumers25:16 Building a Customized Investment Strategy25:45 Designing Purposeful Investment Funds26:00 Ensuring Accessibility and Proper Wrappers26:08 Liquidity and Product Matching26:15 Seeding Strategies with the General Account26:58 One Lincoln Approach27:12 Finding Opportunities in the Seams27:46 Balancing General Account and Distribution Needs28:07 Product Innovation in the Wealth Channel28:53 Healthy Tension in Product Design31:51 Importance of Asset Liability Management33:05 Educating the Distribution Team34:47 Training Modules for Wholesalers36:28 Boots on the Ground: The Power of Relationships37:45 Simplifying Complex Products40:44 Democratizing Alternative Investments41:10 Straddling Institutional and Individual Mindsets41:35 Integrating Private Markets into Retirement Products43:13 Future of Private Markets in Retirement Portfolios43:57 Product Innovation and Technology45:15 Private Markets in Insurance Products47:16 Focus on Private Credit49:38 Risks in Private Credit50:29 Excitement for the Future of Private Markets51:01 Conclusion and Final Thoughts Disclosure from Lincoln Financial Registration statements for each of the evergreen funds have been filed with the Securities and Exchange Commission and are available from the EDGAR database on the SEC's website (www.sec.gov). The information in the registration statements is not complete and may be changed. The securities of neither fund may be sold until its registration statement is effective. An investor should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information about each fund will be contained in the fund's final prospectus, which investors should read carefully when available from t...

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Zooko has been thinking about building decentralized Chaumian ecash since the mid 1990s. When Bitcoin came out, he was the first cypherpunk to write a blog post about it. And today, he's honoring Satoshi's last wish of researching ZK proofs with Zcash. Time stamps: Introducing Zooko (00:00:55) Early Cypherpunk and Digital Cash Days (00:03:18) Cypherpunk vs. Cryptography Mailing List (00:03:52) Discovering Digital Cash and Chaum's Blind Signing (00:04:44) The Internet, BBS, and the Fall of the Berlin Wall (00:09:10) Growing Up with Technology in Eastern Europe (00:12:04) First Computers and Early Programming (00:13:02) Loading Games and Computer Limitations (00:14:05) Impact of Tariffs and Internet Access (00:16:47) Economies of Scale and Computer Conferences (00:18:28) Social Media, Privacy, and Information Overload (00:19:33) Twitter Blocking & Echo Chambers (00:21:06) Personal AI and Information Control (00:24:08) First Computer Memories and Speech Synthesis (00:28:55) Programming Languages: BASIC, Pascal, and C++ (00:31:15) Vocoder Technology and Privacy (00:32:27) Video Games and University Life (00:34:28) Science Fiction and Cypherpunk Literature (00:36:10) Working at DigiCash and Early Digital Currency (00:39:04) Nick Szabo, Social Scalability, and Economic Thought (00:46:27) AI-Generated Personas and Real-Life Community (00:52:42) Global Talent, Work Ethic, and Financial Management (00:55:51) David Chaum as a Boss and DigiCash's Downfall (01:00:06) Decentralizing Ecash and Early Bitcoin Attempts (01:04:50) Wei Dai, Crypto++ and Peer-to-Peer Innovation (01:06:19) Open Source Maintenance and Funding Challenges (01:10:00) Why Digital Cash Mattered in the 1990s (01:12:30) Cypherpunks, Remailers, and Privacy Motivation (01:13:46) Bitcoin's Early Days and Zooko's Initial Skepticism (01:19:55) Bitcoin Advocacy and Security Flaws (01:39:07) Zooko's Triangle and Naming Systems (01:43:31) Altcoins, Experimentation, and Maximalism (01:51:09) Bitcoin's 2013 Privacy Papers: ZeroCoin & ZeroCash (01:55:12) Funding Innovation and Open Source Economics (02:00:27) Zcash Launch, Sidechains, and Market Dynamics (02:03:40) Sponsors and Bitcoin Innovation Renaissance (02:09:01) Proof of Stake, Hybrid Models, and Cross Link (02:26:14) Network Sustainability and Burn Mechanisms (02:33:37) Quantum Resistance and Lost Coins (02:37:26) Peter Todd's Compute Node, Zcash Ceremony and Trusted Setup (02:42:19) Zero Knowledge Proofs and Counterfeiting Bug (03:05:35) Zcash Design Choices and Block Size (03:43:04) Bitcoin Blocksize War and Evolution (03:49:09) Zcash vs. Monero and Privacy Models (04:27:33) Tachyon: Sean Bowe's Scalable Privacy Breakthrough (04:08:22) Live Zcash Demo and Address Privacy (05:27:00) Zcash Mining, Liquidity, and DEX Integration (05:49:57) Decentralization, Transparency, and the Future (06:02:22) Closing Remarks and Podcast Wrap-Up (06:05:15)

Tyler Vinson is pioneering the future of real estate investing. As the CEO of REtokens, the platform is already recognized as one of Proptech Outlook's Top 10 Commercial Real Estate Solutions Providers for 2024.***DON'T KNOW WHERE TO START WITH FRANCHISING? Grab Bob Bernotas' free course for a limited time only at edu.franchisewithbob.com/ideal***Why listen to the interview with CEO Tyler Vinson[00:00-04:57] Starting in tokenized RE[04:58-08:31] Liquidity and Real Estate Tokens[08:32-09:36] Process and Regulations[09:37-15:30] Trading Tokens I[15:31-16:36] Sponsor: Franchising made easy[16:37-18:49] Trading Tokens II[18:50-29:23] Valuation and Investment Strategies[29:24-32:19] Future Prospects[32:20-36:46] Millionaire Next DoorCheck his stuff at https://retokens.com/Any questions?*** Grab my 10k/month passive income strategy and weekly newsletters at https://tinyurl.com/iwg-strategy BOOK IS OUT! Grab Your Copy and learn how to get your feet wet in real estate investing

In this episode of All the Credit®, Credit Markets in Transition, we explore the evolving role of liability management in global credit markets and how they're reshaping outcomes for investors, creditors, and the broader credit market. PGIM Fixed Income's Brian Barnhurst, CFA, Head of Global Credit Research, hosts Ryan Kelly, CFA, Lead Portfolio Manager and Head of Special Situations, and Rishav Puri, Special Situations Credit Analyst.   Recorded on May 21, 2025.

This week on the Retirement Quick Tips Podcast, I'm talking about savings optimization. How should you prioritize your savings in 2025, saving the right accounts in the right order to get to better financial stability and long-term flexibility.  Today, I'm talking about the importance of liquidity and building an emergency fund that's adequate for most of what life will throw at you. 

Jeff Bussgang of Flybridge Capital joins Nick to discuss Calculating the Market Size for AI, Building an "Experimentation Machine," the Bull Case for Non-Technical Founders, and the Key to PMF in the AI Age. In this episode we cover: Exits and Liquidity in Venture Capital The Experimentation Machine and AI Opportunity Evaluating AI Businesses and Founders Challenges and Opportunities in AI Investing Entrepreneurship Education and Startup Ecosystems Product-Market Fit and Customer Discovery Future of AI and Venture Capital Guest Links: Jeff's LinkedIn Jeff's X Flybridge's LinkedIn Flybridge's Website The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Connect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.00:00 - Key Takeaways from the Conference06:26 - Bitcoin as a Store of Value vs. Payment Solutions11:30 - Flash's Innovative Payment Solutions20:39 - Exploring Flash 2.0 and Future Roadmap28:40 - The Future of Payments and AI Integration35:59 - The Challenges of Monetization in the Digital Age38:55 - Stablecoins: Bridging Traditional and Bitcoin Economies40:25 - The Role of Stablecoins in Global Finance43:17 - User Experience and Liquidity in Stablecoin Transactions45:40 - The Future of USDT on the Lightning Network51:39 - Privacy and Regulation in Stablecoin Transactions54:22 - Yield Generation in the Lightning Network01:02:29 - The Future of Stablecoins and Bitcoin IntegrationIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Links discussed:https://paywithflash.com/https://x.com/RyanTheGentry/status/1927795177759928763https://bitcoinmagazine.com/news/flash-launches-flash-2-0-to-simplify-bitcoin-payments-for-businesses-worldwidehttps://www.theblock.co/post/356431/stablecoin-startup-atticus-nears-2-billion-valuation-following-raise-led-by-defense-tech-firm-ceo-reportKeep up with Michael: X and LinkedIn Keep up with Brian: X and LinkedInKeep up with Liam: X and LinkedInKeep up with Pierre: X and LinkedIn

In this episode, we sit down with Keshia Theobald-van Gent, a seasoned venture capital investor with deep expertise in fund economics, portfolio strategy, and founder alignment. Keshia shares her sharp insights into how today's most successful VCs operate and what emerging fund managers and founders need to know to succeed in this dynamic ecosystem. Whether you're a founder seeking to better understand how VCs evaluate your startup, or an emerging fund manager preparing to launch your first fund, this episode is packed with actionable takeaways and deep industry wisdom.

BUSINESS: Lending, liquidity growth slow anew | June 2, 2025Visit our website at https://www.manilatimes.netFollow us:Facebook - https://tmt.ph/facebookInstagram - https://tmt.ph/instagramTwitter - https://tmt.ph/twitterDailyMotion - https://tmt.ph/dailymotionSubscribe to our Digital Edition - https://tmt.ph/digitalSign up to our newsletters: https://tmt.ph/newslettersCheck out our Podcasts:Spotify - https://tmt.ph/spotifyApple Podcasts - https://tmt.ph/applepodcastsAmazon Music - https://tmt.ph/amazonmusicDeezer: https://tmt.ph/deezerStitcher: https://tmt.ph/stitcherTune In: https://tmt.ph/tunein#TheManilaTimes Hosted on Acast. See acast.com/privacy for more information.

Discover how to unlock real estate liquidity with tokenization!

How to Survive the Coming Real Estate Storm – What Sean Kelly-Rand Learned at Lehman   For the experienced real estate investor or sponsor, this is a masterclass in what really matters.   When Lehman Brothers unraveled in 2008, it exposed a truth that many in the real estate world still prefer to ignore: even the most sophisticated capital structures can implode when the cost of capital and access to liquidity are misunderstood – or worse, taken for granted. My podcast/YouTube show guest today, Sean Kelly-Rand, didn't just watch that collapse unfold; he lived through it from inside and the playbook he uses today as the managing partner of RD Advisors is shaped, in part, by that early, formative experience.   His approach offers a deeply pragmatic framework for anyone navigating real estate in today's uncertain climate. In an era of overpromised alpha and fragile capital stacks, Kelly-Rand's doctrine is a study in restraint, structure, and staying power.   From the Heart of Lehman to the Edges of Risk   Kelly-Rand joined Lehman Brothers in 2006, just before the implosion, drawn by its dominance in the bond markets which he saw, even then, as the true engine behind real estate. While most looked to equity investment banks for leadership, he understood that the debt markets were where real decisions were made. His work centered on real estate financing and syndication, with a front-row view of a business model that was, in hindsight, structurally doomed.   Lehman's capital stack had been stretched too far – built on short-term funding to support long-term positions. As the firm accumulated assets, expanding its real estate exposure from $5 billion to over $36 billion, it did so with virtually no cushion. Liquidity was cheap and ubiquitous, but inherently unstable. When securitization markets seized up, those long-term assets could not be offloaded without catastrophic discounts to book value. And because any sale would have forced a full repricing of the entire book, no sale could be tolerated. Lehman was stuck – and the system broke.   That lesson remains central to Kelly-Rand's thinking today. The real issue wasn't the quality of the assets; it was the fragility of the structure behind them. Risk wasn't in the deal. It was in the funding.   Rebuilding from the Ground Up   In the years that followed, Kelly-Rand transitioned from the institutional capital markets to operating in the private lending space. He co-founded RD Advisors not just to chase yield, but also to build a firm capable of weathering downside scenarios – starting with a clean-sheet design of its capital strategy.   The fund today focuses exclusively on senior secured debt, kept short in duration and conservatively underwritten. The business avoids the artificial stability of interest reserves or payment-in-kind structures that mask actual performance. Instead, it emphasizes cash-paying borrowers and short-term duration to preserve optionality and liquidity. Leverage is kept modest by design, with loan-to-value ratios structured around exit values that tolerate declining markets. Crucially, every deal is evaluated with a focus on capital preservation. Underwriting is done not with optimism, but with contingency: would the fund be comfortable owning the asset if they had to should a borrower walk? If the answer is anything but a clear yes, the deal doesn't proceed.   This mentality isn't just prudent, it's essential. The goal is to never rely on someone else's execution for one's own capital security. And that institutional memory from the GFC sits the core of the process.   Avoiding the Illusion of Alpha   Much of what passes for outperformance in today's real estate environment is simply leverage in disguise. Sponsors show high IRRs, but beneath them is a capital structure dependent on favorable refis or asset appreciation that may no longer be achievable. That's not skill, it's exposure.   Kelly-Rand's fund's returns, by contrast, are deliberately boring. They are stable, predictable, and quarterly. It's a feature, not a bug. In fact, Kelly-Rand views volatility as a symptom of poor underwriting or misaligned structure, not a badge of aggressive performance.   He's wary, too, of the growing interest in ‘loan-to-own' strategies, particularly among opportunistic capital looking to buy defaulted notes in the hopes of acquiring assets at a discount. While technically accurate – private credit can convert into equity when things go wrong – he emphasizes that building a business around that premise introduces operational complexity, execution risk, and volatility that neither he nor his investors are seeking.   Today's Market Echoes the Last Crisis   What concerns Kelly-Rand most now is how little has changed in institutional behavior since the last crisis – and how closely today's market echoes that of 2007.   There is the same creeping complacency in the banking system. Institutions are holding loans at par that would clear far below face value if sold today. Marking one loan down would trigger writedowns across the portfolio, and many banks simply can't handle that. Instead, they hold and wait, even as rates rise and deposits become more expensive than the loans on their books. This, too, is unsustainable and, like last time, it's a question not of credit risk, but of duration mismatch and funding fragility. Depositors have not yet realized en masse that their money could be earning 4.5% elsewhere. But when they do, the cost of capital for banks could spike rapidly and the system isn't ready.   Worse still, foreign capital, the marginal buyer that has helped sustain U.S. real estate valuations for decades, may be losing interest. If geopolitical or currency instability weakens demand for U.S. treasuries or assets, long-term rates could drift higher, even if the Fed cuts short-term rates. That shift would have a profound impact on real estate pricing, permanently resetting cap-rate expectations – and values.   A Framework for the Informed Investor   The takeaway for sponsors and investors is stark but empowering: you don't need to predict the next crash, but you must be structurally prepared for it.   Kelly-Rand's fund is an expression of that principle. It's structured to be resilient, not just profitable. Its margins are modest but consistent. Its leverage is low by design. And its underwriting focuses on the downside – not because of fear, but because of discipline. His experience at Lehman Brothers gave him a visceral understanding of how quickly capital evaporates when confidence is lost. What makes his insights so valuable today is not just that he's survived a cycle but that he's operationalized that survival into a repeatable, durable framework.   In a world where risk is increasingly hidden behind optimism and spreadsheets, Sean Kelly-Rand offers a different kind of edge: memory.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

Need cash fast in retirement? Don't get stuck selling stocks at the worst time or scrambling with currency conversions. If your money's locked away in long-term accounts, it might look good on paper—but won't help much when life throws you a curveball. This episode dives into the surprisingly overlooked topic of liquidity—what it is, why it matters, and how to make sure your money is actually there when you need it. Whether you're living in Israel, spending in shekels, or managing U.S. accounts from afar, you'll learn how to build a flexible, stress-free financial setup that gives you options—not headaches. Say goodbye to panic-selling and hello to peace of mind. Key takeaways and action points: Liquidity = freedom. Without it, you're stuck. Avoid costly mistakes by keeping cash ready for surprises. Split your emergency funds between shekels and dollars. Top off your cash reserves when the markets are strong. Want to go deeper? Check out Doug's article on how to avoid liquidity traps in retirement, especially if you're managing U.S. and Israeli accounts: Asset-Rich, Cash-Poor Disclaimer: This article is meant for educational purposes only. It's not financial, legal, or tax advice. For personalized help, speak with a qualified professional.  

Kevin Green says the SPX can pull back to its 20-day and 200-day SMAs. He points to multiple factors showing a possible pullback, from low liquidity to the 10YR-3MO treasury spread trending to the downside.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Next up in the Southern Studio: Mathieu Boivin-Carrier, Director, All Options USA We discuss: Providing liquidity in less-liquid options The upcoming Nasdaq pilot for 0DTE single-name equity options Why would you start a prop shop in Austin? The problems with allocations for newer market makers.  Should options trade 24 hours a day? and much more...

Interview recorded - 23rd of May, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Howell. Michael is the Founder & Managing Director of CrossBorder Capital.During our conversation we spoke about the overview of global liquidity, FED increasing liquidity, yields higher, Gold trend, debt reset and more. I hope you enjoy!0:00 - Introduction1:14 - Overview of Global Liquidity6:59 - FED increased liquidity?9:06 - What is driving yield increases?24:06 - What is happening in China?32:50 - Everything gold trend34:06 - Risk on positive35:21 - Bond yields higher?37:08 - Debt reset39:28 - One message to takeaway?Michael Howell is CEO of CrossBorder Capital, a London-based FCA registered, independent research and investment company that he founded in 1996. Previously he was Head of Research for Baring Securities and Research Director of Salomon Brothers Inc, the US investment bank. The liquidity methodology he pioneered monitors cross-border flows and Central Bank behaviour across some 80 countries world-wide. Liquidity flows are a central part of CrossBorder Capital's asset allocation advice, which is currently provided to major global investors, including institutional asset managers, government agencies, Central Banks and endowment funds. Michael has been in financial markets since 1981 and is a regular conference speaker and media commentator. He graduated from Bristol and London Universities with a finance doctorate, specialising in Fixed Income.Michael Howell -Website - https://crossbordercapital.com/Twitter - https://twitter.com/crossbordercapLinkedIn - https://www.linkedin.com/in/michael-howell-357b1416/?originalSubdomain=ukWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - https://www.linkedin.com/pulse/us-dollar-ever-replaced-another-currency-what-might-replace-1uoxc/

Next up in the Southern Studio: Mathieu Boivin-Carrier, Director, All Options USA We discuss: Providing liquidity in less-liquid options The upcoming Nasdaq pilot for 0DTE single-name equity options Why would you start a prop shop in Austin? The problems with allocations for newer market makers.  Should options trade 24 hours a day? and much more...

In this episode of Retire with Style, Wade Pfau and Alex Murguia explore the world of alternative investments, with a focus on private equity and private credit. They discuss what it means to be an accredited investor, the different types of private equity investments, and the typical life cycle and structure of private equity funds—including the roles of general and limited partners. The conversation also covers key risks, such as liquidity constraints and valuation challenges, and explains how private investments can fit into a broader retirement income strategy. Wade and Alex highlight the growing accessibility of these investments for retail investors, the rise of private credit markets, and the relationship between volatility and expected returns—underscoring the importance of understanding risk when evaluating investment decisions. Listen now to learn more!   Takeaways:  Private Equity Private equity involves investing in private companies rather than publicly traded stocks. The main types of private equity are venture capital, growth equity, and buyouts. These funds typically follow a seven- to eight-year life cycle and are structured with general partners (who manage the fund) and limited partners (who provide capital). Carried interest is a key component of compensation for general partners. Liquidity is a major concern—investments are often locked up for long periods. Valuing private companies is often opaque and can mislead investors. In venture capital, most returns come from a small number of successful investments. Private equity can provide diversification benefits in a broader portfolio. Private Credit Private credit focuses on lending, often to individuals or private firms, and is distinct from private equity. These investments are gaining popularity, driven by institutional demand and the search for yield. Platforms like iCapital are increasing access for individual investors. Private credit can offer higher yields than traditional fixed income but also comes with unique risks. Investment Strategy and Risk Alternative investments are growing in popularity, especially among individual investors. Risk and return must be evaluated together—volatility alone does not guarantee higher returns. Effective portfolio construction requires understanding how different asset classes interact. Investors should avoid diversifying blindly and instead understand the specific risks of each investment.  Chapters 00:00 Introduction to Alternative Investments 04:25 Understanding Private Equity 10:27 Types of Private Equity Investments 18:52 The Private Equity Life Cycle 26:36 Structure and Function of Private Equity Funds 28:08 Risks and Considerations in Private Equity 29:15 The Illusion of Valuations 31:43 Democratization of Investment Access 32:12 Understanding Private Credit 35:33 The Growth of Private Credit Markets 41:03 Integrating Private Credit into Portfolios 45:17 Volatility and Expected Returns   Links Curious about alternative investments but not sure where to start? Join Alex Murguia for the latest Retirement Researcher Academy Workshop: Know Before You Invest: Understanding Alternative Investments and get the clarity you need: https://retirement-researcher.ontralink.com/tl/538   Explore the New RetireWithStyle.com! We've launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there's something you've been wondering about retirement, we want to hear it!   Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot.   Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We'll see you there! https://www.youtube.com/@retirewithstylepodcast   The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/   This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Martins from Gravity Team joins Sam to discuss the evolution of market making in Web3. Starting as a prop trading desk in 2017, Gravity now trades 1% of all spot crypto volume, provides liquidity to token projects, and invests in Web3 infrastructure. Martins explains what founders should look for in a market maker, why stablecoins and payments are the next wave, and how Gravity is building a global trading platform with offices from Latvia to Singapore.Key Timestamps[00:00:00] Introduction: Sam introduces Martins from Gravity Team and outlines the episode's topics. [00:01:00] Origin Story: Martins shares how he discovered Bitcoin in 2017 and launched a trading desk. [00:02:00] Early Arbitrage: Realizing inefficiencies in the Thai crypto market sparked Gravity's beginning. [00:04:00] What is Gravity: Martins explains Gravity's transition from prop trading to market making and investments. [00:05:30] Differentiator: Gravity's strength lies in bridging Web2 ↔ Web3 through tech-driven liquidity services. [00:06:30] Market Making 101: Why projects need market makers and what they should look for. [00:09:00] One-Stop Shop: Gravity offers OTC, treasury, and even investment—beyond just spreads. [00:11:00] Regulation Shift: Why 2025 will mark the rise of stablecoins and Web3 payment rails. [00:14:00] Prop Trading Arm: Gravity still runs HFT strategies, not just market making for clients. [00:16:00] Investment Focus: Gravity's criteria for backing projects like Cookie3 and Usual Labs. [00:18:00] Strategic Synergies: Gravity looks to invest in other trading teams and infrastructure. [00:19:30] Key Trends: The stablecoin surge and institutional interest in payments. [00:20:30] Infrastructure Gap: Web3 needs a “Stripe for stablecoins” to reach mass adoption. [00:21:00] Biggest Lesson: Martins would've scaled faster and taken more risk early on. [00:23:00] Managing Risk: Why mission-aligned strategies beat short-term gains. [00:25:00] Final Ask: Gravity is hiring globally, investing in trading talent, and open to partnerships.Connecthttps://gravityteam.cohttps://www.linkedin.com/company/gravity-team-ltd/https://www.linkedin.com/in/martins-benkitis/DisclaimerNothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.Be a guest on the podcast or contact us - https://www.web3pod.xyz/

This week, we discuss the U.S. fiscal pivot, soaring deficits, and what it means for bond markets, Bitcoin, and global capital flows. We also debate whether Japan is the canary in the coal mine for sovereign debt risks, if QE is still politically viable, the housing market crisis, and why Bitcoin and foreign equities may be the only rational long-term trades. Enjoy! — Follow Tyler: https://x.com/Tyler_Neville_ Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx — Weekly Roundup Charts: https://drive.google.com/file/d/1zNQbt0lyXLmZQYf-56mneLpPxFNJ5y7h/view?usp=sharing — Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv — Blockdaemon is the gateway to the decentralized economy, securing over $110B in digital assets for 400+ institutions with blockchain nodes, APIs, MPC wallets and vaults, and staking solutions. Learn more: www.blockdaemon.com Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information. Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. Echo Protocol is the first Bitcoin liquid re-staking and yield layer on MoveVM. As the second-largest protocol on Aptos by TVL, Echo secures nearly half of the network's bridged assets with ~$200M in aBTC minted. Check out https://www.echo-protocol.xyz/ to learn more! — Timestamps: (00:00) Introduction (01:46) Big Beautiful Bill (06:47) There's One Trade (09:39) Ads (Blockdaemon, Aptos, Arkham) (11:21) Government Spending Problem (14:10) US Economic Data (16:55) Housing Market Crisis (22:12) Global Collateral & JGBs (27:21) Food Prices & Labor (30:46) Ads (Blockdaemon, Aptos, Arkham) (33:10) Bond Yields & Inflation (38:32) Liquidity & Collateral Stress (42:03) US Equities Still Safe? (50:37) Final Thoughts — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

Bungee launches its open liquidity marketplace. Several U.S. Banks explore issuing a stablecoin. And EigenLayer launches a verifiable apps page. Read more: https://ethdaily.io/708 Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

Don shares a deeply personal tale from 2007 when, as an HOA treasurer, he dodged a financial landmine involving auction-rate securities—just before the 2008 crisis froze their liquidity. That real-life scare flows into a fierce takedown of today's institutional obsession with illiquid assets like private equity, especially in university endowments. Harvard's high-risk strategies, retirement plans promoting alternatives, and the seductive myths of market outperformance get picked apart. Don and Tom warn investors not to chase complexity or “exclusive” returns, especially when liquidity disappears. Plus: a pension tax trap, Opportunity Zone hype, and the nerdy joys of CD ladders. 0:04 Don's HOA horror story: auction-rate securities before the 2008 collapse 2:06 Liquidity vanishes when you need it most—Wall Street Journal echoes the warning 3:51 Harvard's endowment crash: elite returns turn embarrassing 4:34 Private equity's scary recipe: micro-cap risk + debt + 3–4% fees 5:44 Why these complex products often spark crises 6:42 “Works until it doesn't”: the fatal flaw of illiquid alternatives 8:10 Illiquidity explained with the real estate analogy 10:13 State pension investing: lessons from Washington's shift to index funds 11:32 Why elite endowment managers must pretend to be smarter than markets 12:10 Microsoft vs. Mac: the cost of complexity, again 13:15 Secret formulas, snake oil, and the myth of exclusive financial wisdom 14:36 Listener Q1: Can Alaska pension income go into a Roth? 16:25 Listener Q2: Qualified Opportunity Zones—worth it or tax dodge trap? 19:05 Tax deferral vs. sound investing: when kicking the can isn't smart 20:27 Listener Q3: Fidelity's CD ladder tool and emergency funds 21:40 How CD ladders smooth yields—and a shortcut with bond funds 23:27 Volatility = reward: why risk is the reason stocks outperform 24:10 Why indexed annuities kill returns—and the fake comfort they sell 25:30 Tech support rants, Gen Z lifelines, and the “is it plugged in?” curse Learn more about your ad choices. Visit megaphone.fm/adchoices

How does tax-loss harvesting help lower your taxes? What are some of the wash sale rules? How does my stress relate to building liquidity? On this listener Q&R (Question and Response) episode of the Dentist Money Show, Matt and Ryan answer some financial questions posed by our member of the Dentist Advisors' Facebook Discussion Group. Tune in for some tax tips, stress-reducing strategies, and financial planning insights every dentist should know. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/In this episode of With Flying Colors, host Mark Treichel reconnects with Ryan Donovan, President and CEO of the Council of Federal Home Loan Banks (FHLB). Ryan returns to discuss the evolving role of the FHLB system, its relationship with credit unions, and how liquidity is much like oxygen—often unnoticed until it's urgently needed.Ryan and Mark explore:The history and mission of the Federal Home Loan Bank system.How FHLB provides daily liquidity to its members and why it's a critical tool—not just in times of crisis.The difference between the FHLB system and the Federal Reserve as liquidity sources.How FHLB and credit unions are "cooperative cousins" working together to strengthen communities.The system's record-breaking $1.2 billion commitment to affordable housing initiatives.Director Bill Pulte's early signals and what his leadership at FHFA could mean for FHLB and the credit union system.Why credit unions, especially smaller ones, should consider joining the FHLB system to strengthen their balance sheets and enhance loan capacity.Ryan also highlights recent research showing that FHLB membership helps credit unions grow faster, remain competitive, and support their members more effectively—all while maintaining safe and sound lending practices.Key Takeaways:FHLB isn't just a lender of last resort—it's a daily liquidity partner.Affordable housing remains a priority, with FHLB surpassing its statutory requirements.Credit unions can amplify their impact by leveraging the FHLB system.Regulatory dynamics are shifting, but FHLB's mission remains steady: Keep liquidity flowing to local lenders.Resources Mentioned:Council of Federal Home Loan BanksFHLB & Credit Union Liquidity Research by Filene Research InstituteFollow Ryan Donovan on LinkedInConnect with Mark Treichel:LinkedIn: Mark TreichelWebsite: Credit Union Exam Solutions

In this episode, we dive deep into the fundamentals of retirement planning with one of the most respected researchers in the field—Wade Pfau. Wade is known for blending rigorous academic research with real-world financial advice. We explore his groundbreaking ideas on the 4% rule, sequence of returns risk, annuities, income frameworks, and his innovative Retirement Income Style Awareness (RISA) model. Whether you're planning for retirement or advising others, this episode delivers valuable frameworks and perspectives you can apply immediately.**Topics Covered:*** Why the 4% rule is a U.S. artifact—and where it doesn't work* The importance of sequence risk and how early retirement returns dominate long-term outcomes* Wade's “Four Ls” of retirement planning: Lifestyle, Longevity, Liquidity, and Legacy* The limitations of fixed withdrawal strategies and the value of variable withdrawal rules* The misunderstood role of annuities and why risk pooling matters* How RISA helps investors match their personality and preferences to the right retirement strategy* The power of flexibility and focusing on what really matters in retirement

What is the value of a dollar? In this episode of Remnant Finance, Hans and Brian explore the concept that not all dollars are created equal. They discuss how the value of your money changes dramatically depending on where it's stored, how it's invested, and what phase of life you're in.From emergency funds to retirement planning, they challenge conventional financial wisdom and explain why simply chasing higher returns isn't always the best strategy. The discussion dives into how liquidity, accessibility, and guarantees can often be more valuable than pure growth potential.Through real-world examples and case studies, this episode offers a fresh perspective on financial planning that goes beyond account balances to consider the true value and utility of every dollar in your personal economy.Not All Dollars Are Created Equal: When a dollar bill is held in your pocket, it's the same as any other. But once that money is put into motion - invested, saved, or spent - its true value changes based on accessibility, guarantees, liquidity, and many other factors that are often overlooked in conventional financial planning.The Dangers of Conventional Financial Wisdom: The common advice that focuses solely on account balances and growth rates ignores or minimizes crucial factors like accessibility, guarantees, and tax implications. This blanket financial advice can lead people to make devastating financial decisions without considering their individual circumstances.The Power of Liquidity in Uncertain Times: A compelling case study reveals how a wealthy client struggled to secure a mortgage despite having millions in collateral, until they could provide $600,000 in liquid cash deposits. This real-world example demonstrates how cash value life insurance policies can provide guaranteed access to capital when traditional financing becomes restricted.Planning for an Unpredictable Future: Creating financial plans that can withstand unexpected events is more important than relying on historical market performance. With major disruptors like AI on the horizon and economic uncertainty, liquidity and guaranteed access to capital will be increasingly valuable.Estate Planning Considerations: The often-overlooked estate phase of financial planning highlights how different assets pass to heirs and why life insurance death benefits offer significant advantages in terms of tax treatment, probate avoidance, and guaranteed value.▶️Chapters:00:00 - Understanding Dollar Value01:00 - Brian's Office Setup & Hans's Finger Injury 03:00 - The Value of a Dollar - Not All Equal05:00 - Three Things You Can Do With Money 08:00 - Bad Financial Planning & Blanket Advice 13:00 - Report Card for Your Dollars 15:00 - Planning for the Future vs. Past Performance21:00 - AI as a Major Economic Disruptor 26:00 - Case Study: Mortgage Access & Liquidity 34:00 - Benefits of Cash Value Life Insurance 37:00 -Waiver of Premium Rider Benefits 39:00 - Estate Planning & Death Benefits 44:00 - Final Thoughts: Grading Your Dollar's Performance⁠Visit https://remnantfinance.com for more informationFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance)Facebook: @remnantfinance (https://www.facebook.com/profile?id=61560694316588)Twitter: @remnantfinance (https://x.com/remnantfinance)TikTok: @RemnantFinance Don't forget to hit LIKE and SUBSCRIBE

Mutual Funds are often seen as the McDonalds of the investment world. They are ubiquitous and convenient, and yet, they are seen to lack the prestige of a fine dining experience aka Private Equity et al. In this episode, we take on the big question: Are mutual funds only for the salaried middle class, or is there a bigger story here? Deepak and Shray dive deep into the history and perception of mutual funds, from their once-exclusive status to becoming the go-to vehicle for SIPs and forced savings.  But why don't you hear family offices or the ultra-wealthy proudly boasting about their mutual fund holdings? We explore this through the lens of economic class distinctions (India A, B, and C) and unpack how perceptions of exclusivity and quality affect investment choices. Whether you're planning for retirement, your child's education, or just wondering if your portfolio is too “plain vanilla,” this is a conversation that will make you rethink how you view mutual funds. -- 0:00 – Intro 3:29 – Choosing Exclusivity Over Simplicity 7:34 – Volatility Laundering 20:32 – Liquidity in University Endowment Funds 31:49 – Alternative Investments 38:58 – Mutual Funds vs Other Investments 44:12 – Why not hire a personal fund manager? 48:04 – Advantages and Disadvantages of Mutual Funds 1:12:26 – Use cases for Mutual Funds 1:22:41 – Who are Mutual Funds not for? -- More about us: https://cm.social/pms Connect with us : https://cm.social/pms-connect Deepak's Twitter: @deepakshenoy Shray's Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in

In this conversation, Stephan Livera and Michael Tanguma explore the current landscape of Bitcoin, focusing on the challenges of self-custody, the role of custodians, and the emergence of multi-institution custody solutions. They discuss the importance of education in the Bitcoin space, the dynamics of Bitcoin treasury companies, and the unique opportunities for Bitcoin adoption in the Middle East. The conversation emphasizes the need for evolving security measures as Bitcoin adoption increases and the complexities of integrating Bitcoin with traditional finance.Takeaways

Justin and Ainsley drop by the studio to explain the importance of funding a liquidity strategy, along with outline considerations when it comes to refilling and implementing a liquidity strategy and determining how much to ultimately set aside. Featured are Justin Waring, Senior Total Wealth Strategist, and Ainsley Carbone, Retirement Strategist, UBS Chief Investment Office. Host: Daniel Cassidy

In this episode of the Directed IRA Podcast, I sat down with Adam Hooper and Ryan Sudek from Sage Investment Group to dive into a high-impact real estate strategy: converting underutilized hotels into naturally affordable housing. We explored how this model delivers strong investor returns while addressing the affordable housing crisis—without relying on government subsidies. With over 20 successful conversions and more in the pipeline, this episode is packed with insights on real estate investing, IRA strategies, and wealth-building opportunities. If you're passionate about doing good while making money, you won't want to miss this conversation.0:00 - Intro - Real Estate Supply, Demand & Affordability Crisis0:30 - Meet Sage Investment Group & Their Mission1:43 - Why Hotels? A Strategic Conversion Model Explained6:13 - First Hotel Deal Case Study: Tucson Conversion10:11 - Why Not Office Conversions? Key Challenges12:05 - Investment Returns Without Sacrificing Impact15:15 - Deals That Didn't Work and Why20:26 - Big Wins: Texas Hotel Acquisitions for Half Price23:09 - Hotel Industry Distress & The Patel Effect25:13 - Post-COVID Shifts in Hospitality and Opportunity27:06 - Using Self-Directed IRAs in Real Estate30:17 - Evergreen Fund Structure & Diversification Benefits31:54 - Liquidity & Exiting the Fund33:08 - 1031 Exchange Strategy Using a 721 UpREIT36:45 - Active Value Creation vs. Passive Investing38:06 - Is Now a Good Time to Invest in Real Estate?40:22 - Supply Forecasting & Conversions Market Potential44:27 - Personal Motivations & Building Investor Access48:31 - How M&A Skills Transfer to Real Estate51:18 - Fund Performance, Notes, and Final Investment Terms53:59 - How to Learn More & Get Involved

In This Episode, We Cover:✅ How Brian lost it all in 2008—and came back smarter✅ The rise of co-investing clubs and passive real estate deals✅ What syndications are and how to access them for as little as $5K✅ How Spark Rental helps investors diversify by deal type, timeline, and geography✅ What "asymmetric returns" really mean and how to find them✅ The new path to tax-advantaged real estate without being a landlordChapters:[00:00] Why Real Estate Isn't Just for Landlords[01:00] Meet Brian Davis: Early Success, Major Mistakes, and 2008 Collapse[03:25] Pivoting from Landlording to Passive Investing[04:40] Launching Spark Rental: From Software to Education to Co-Investing[06:50] How a Stolen Seed Fund Led to a Better Business Model[09:45] Syndication Basics: What It Is and Why It Works[15:00] How Syndication Funding Works (And Who's Involved)[16:25] Monthly Club Meetings and Group Vetting of Deals[18:30] What Returns to Expect from Equity and Debt Investments[21:30] The Role of Liquidity and Time Commitment in Real Estate[23:00] Brian's Final Take: Passive Real Estate Is More Accessible Than You Think