Podcasts about securities

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceMacro analyst Stephanie Pomboy shares the top insights fresh on her mind as her Super Terrific Happy Day conference concludes.One of her top expectations for 2026 is the the Administration will do "whatever it takes" to run the economy hot into the midterms.That risks a surge in inflation, though, which could anger voters.A hot economy also doesn't mean the markets will perform similarly. And if they correct materially enough, that will put the brakes on GDP growth.For her top takeaways from the experts who spoke at her conference, watch this video.#gdp #inflation #marketcorrection _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Welcome back, WIFs!In this deeply honest and inspiring episode, Lauren and Michelle are joined by their friend, legal expert, community nerd (her words!), and founder of Posey Law Group, Stephanie Posey. We settle in for a cozy catch-up before diving into a conversation that feels grounded, brave, and beautifully real.Stephanie shares her journey to five years of sobriety—what led her there, what it's taught her, and how choosing an alcohol-free life didn't shrink her world… it expanded it. The sisters talk about what it means to build a life you actually want to be present for, the quiet strength required to change, and how sobriety can be less about restriction and more about freedom.From there, the conversation opens into the very real season of sandwich parenting—caring for children while supporting aging parents—and the emotional and logistical juggle that comes with it. Stephanie reflects on running a small business, staying deeply involved in her local community, and raising a family without losing herself in the process.You'll also hear about Stephanie's Maven program through Posey Law Group, where she helps women start and structure their businesses the right way—legally protected, empowered, and confident from day one. It's practical, powerful, and exactly the kind of support more women deserve.As always, Lauren and Michelle weave in laughter, warmth, and thoughtful reflection on what they're reading, watching, and listening to—before closing out with their Simple Joys of the week.This episode is about resilience. It's about choosing clarity. It's about community, boundaries, and building a life that feels steady and sustainable.Press play, get cozy, and join us for a conversation that reminds you: you can rewrite your story at any timeA heartfelt thank you to Posey Law Group and Chicago Private Wealth Group for supporting this episode and our cozy community.“Chicago Private Wealth Group is made up of wealth advisors Rick Shanley, Matt Arhontas and Robert Buoy.If you're interested in starting a conversation with their team, you can reach them by phone at 708.247.1700, through email at chicagopwg@lplfinancial.com, or by visiting chicagopwg.com. Just mention that you heard about them from our show.Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC.”And if you're a woman building a business and want to start on solid legal ground, Stephanie's work at Posey Law Group is a powerful place to begin.

Tax Cuts Made Permanent: What the 2025 Bill Means for Roth Conversion Strategies & Ongoing Tax PlanningLast summer, the “One Big Beautiful Bill Act” made the Tax Cuts and Jobs Act federal tax brackets permanent, extending the current rates and removing the expected 2026 increase. Today we discuss how this extension gives planners more runway (not a reason to stop), how it changes the pacing of strategies like Roth conversions, and why tax planning should be updated annually as income, markets, and legislation shift.

Alex Thorn talks to Omid Malekan, blockchain professor at Columbia Business School, about stablecoins and the CLARITY Act. Alex and Omid discuss the bank lobby's current negotiating position and argue that the fears of deposit flight or a negative impact on credit creation by yield-bearing stablecoins are overblown at best and disingenuous at worst. Alex also talks to Galaxy Trading's Beimnet Abebe about bitcoin markets, macro conditions, and geopolitical concerns. Past performance is not indicative of future results.   Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC.  If the value of such assets increases, those vehicles may benefit, and Galaxy's service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy's public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement.   For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, available at ⁠www.sec.gov (http://www.sec.gov/)⁠. This episode was recorded on Wednesday, February 18, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠⁠⁠⁠⁠⁠⁠⁠

Financial management isn't flashy, but it can make or break your collision shop. Too many owners stay focused on daily operations while their bookkeeping and reporting fall behind, hurting cash flow, increasing stress, and lowering business value when it's time to sell.In this episode, Matt Di Francesco sits down with Bill Park, Founder of Crunchit Financial Services and a 30-year shop owner with four successful exits, to talk about what it really means to be “bankable.” Bill explains common financial mistakes, why most CPAs focus only on taxes, and how messy books can cost you 20–30% in a third-party sale.Matt and Bill also talk about:(09:20) Long-term strategy vs. short-term tax thinking(13:32) How a second set of eyes can transform a shop's financial clarity(16:02) The real reason most shops operate below full utilization(18:33) Building a financial structure that allows faster, more confident decisions(20:51) Why clean financials directly increase third-party sale value(21:21) What transparency and discipline signal to buyers(28:18) Fix your chart of accounts before trying to fix your profits(29:08) The ROI of a full financial cleanup Connect With Bill ParkLinkedIn: https://www.linkedin.com/in/billpark8/Email: billpark8@me.comWebsite: https://www.crunchitfs.com/Connect With Matt DiFrancesco:matt@highliftfin.com(814)201-5855LinkedIn: Matt DiFrancescoLinkedIn: High Lift FinancialFacebook: High Lift Financial Instagram: @high_lift_financialYouTube: @highliftfinancialAbout the guest:Bill Park has walked the same road many collision shop owners are on right now. He spent 30 years as a body shop owner and successfully exited four businesses, so he understands firsthand the pressure, long hours, and constant daily fires that come with running a shop.After living that grind and learning some hard financial lessons along the way, Bill founded Crunch It Financial Services. His mission is simple: help shop owners simplify their numbers, reduce unnecessary taxes, and build real wealth instead of just surviving year to year.Today, Bill works alongside shop owners to bring clarity, structure, and long-term strategy to their financial picture so they can operate with confidence and exit on their terms.Disclaimer:All information is obtained from sources deemed reliable, but not guaranteed. No tax or legal advice is given nor intended. Content provided herein or on our website should not be construed as an offer for investment advice or for securities, insurance, or other investment products. Investments involve the risk of loss and are not guaranteed. Consult a qualified legal, tax, accounting, or financial professional before implementing any investments or strategy discussed here.High Lift Financial is a DBA for DiFrancesco Financial Concierge, LLC.  Investment advisory services are provided through Cornerstone Planning Group, LLC, an independent advisory firm registered with the Securities and Exchange Commission.

With the era of globalization ending and nationalism on the rise around the world, today's guest has been advocating investors strongly consider the ProSec trade.ProSec is short for "production for Security": aka the sectors essential to national security.Since his last appearance on this channel, in the US, President Trump has proposed a massive 50% increase in military spending next year, and many European nations are considering similar increases.Is betting on further prioritization of national security spending looking even more attractive?How has the ProSec trade been performing so far?To discuss, we're fortunate to welcome to the program, Peter Tchir, Head of Macro Strategy at Academy Securities.REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#nationalsecurity #energyinvesting #artificialintelligence _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

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Hyperscalers are spending, but when will this capex help companies to improve returns? In this episode, Sean Kenney sits down with guests Erica Zieba and John Haddad to delve into the massive capex expansion in 2026, focusing on the underlying funding arrangements and, ultimately, generating returns. They also share examples on how equity and fixed income investors are working together to understand what it means across the capital structure and sectors. Listen in for unique insights to help you identify opportunities as well as warning flags.   Distributed by: U.S. – MFS Institutional Advisors, Inc. 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Demand for US homes is the worst it has ever been, reports housing analyst Nick Gerli of Reventure Consulting.In his opinion, the only two things that will return the housing market to health will be more inventory for sale and lower prices.REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#homeprices #housingmarket #mortgagerates _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Send a textFinancial Advisor Tim Russell, CFP® and Tyler Rutherford discuss creative ways of being generous in retirement.See the show notes here!Subscribe to "Life in the Markets" PodcastBuy our new book: The Good StewardWealth Management from a Biblical WorldviewStewardship Seminars from a Biblical WorldviewLearn more at: StewardologyPodcast.comSchedule a Personal Stewardship Review at: StewardologyPodcast.com/ReviewGet in touch with us at: Contact@StewardologyPodcast.comor call us at: (800) 688-5800Send us episode ideas! StewardologyPodcast.com/ideaSubscribe to get episodes delivered to your inbox every week.Follow along: Facebook, InstagramA ministry of Life Financial Group & Life Institute.Securities and Advisory Services offered through GENEOS WEALTH MANAGEMENT, INC. Member FINRA and SIPC

Retention is becoming an increasingly important factor in how software companies are valued, and many founders are not prepared for the level of scrutiny buyers are applying to these metrics. In this episode, managing director Mike Lyon and senior associate Sarabeth Sandweiss explain why retention has become a key valuation driver, how investors evaluate it, where founders often get the math wrong, and how they can help avoid diligence surprises while positioning your company for a stronger outcome.Securities offered through Vista Point Advisors, member FINRA/SIPC. This has been provided for informational purposes only and should not be considered as investment advice or a recommendation. It is not intended to address all circumstances that might arise. The views expressed herein may change at any time subsequent to the date of issue. Opinions contained herein should not be interpreted as a guarantee of future results. Outcomes will vary depending on individual circumstances. Any examples used in this material are generic, hypothetical and for illustration purposes only. Testimonials from past clients may not be representative of the experience of other clients and there is no guarantee of future performance or success. Clients are not compensated for their comments.

Leland, founder and CEO of BondBloxx—a fixed‑income‑only ETF issuer managing $7 billion (as of 12/31/25)—joins the show to discuss the evolution and future of bond ETFs. We explore how the ETF ecosystem has changed, why a bond‑only platform was needed, and the innovations reshaping fixed income, from precision tools to private credit ETFs.-This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person.While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date.The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, involve risks and uncertainties, and do not guarantee future results. Non-traditional assets carry significant risks and may not be suitable for all investors. Decisions should be based on individual objectives, risk tolerance, and circumstances.Statements herein are general and may not reflect an individual's or entity's specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers' views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.(As of December 22, 2025)

The recent software selloff shows the market is recognizing AI's disruptive power. Natalie Gill, Portfolio Strategist at the BlackRock Investment Institute, unpacks why the hunt for winners and losers ultimately strengthens the case for AI's massive buildout.General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BII0226-5221288-EXP0227

Sometimes the world feels scarier than average.  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden, walk through some questions and discussions that have come up with clients who seem to be bracing for something scary to happen that will affect their portfolios. In this episode we discuss: Current fears, including the growth of AI companies, geopolitical risk, housing affordability, and political tension. Past examples of market drawdowns, some short-lived, others that took a long time to recover from! Covid downturn Housing crisis Internet bubble Great depression How market cycles and economic/political cycles do not align as well as you may expect. We cannot guess how the market will react to specific economic or political events. The market recovered very quickly during Covid even though a lot of people were still struggling. How diversification can help insulate you from some risk but also help you feel more comfortable with your portfolio. Trying to time the market could potentially be the biggest risk of all, especially if you sell when the market declines and you feel less comfortable investing.  This may mean you're in the market for the bad days and then miss the good ones!  Try to remain consistent.  Listen to the full episode to hear more about alternative investments that offer some downside protection. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

みずほ証券本社が入居するビル、１６日午後、東京都千代田区みずほ証券社員がインサイダー取引に関与した疑いが強まったとして、証券取引等監視委員会が金融商品取引法違反容疑で、１月下旬に同社本社を強制調査したことが１６日、関係者への取材で分かった。 Japan's Securities and Exchange Surveillance Commission conducted a compulsory search at the main office of Mizuho Securities Co. last month on suspicion that an employee had been involved in insider trading, informed sources said Monday.

Japan's Securities and Exchange Surveillance Commission conducted a compulsory search at the main office of Mizuho Securities Co. last month on suspicion that an employee had been involved in insider trading, informed sources said Monday.

The jury is still out for many analysts on the outlook for economic growth, inflation and the labor market this year.Some see lots of reasons for concern for the road ahead.Others are much more convinced 2026 is going to be a blockbuster year.Which is more likely?To find out, we have the good fortune to talk today with Dr Anna Wong, Chief U.S. Economist for Bloomberg Economics. Prior to her current role, Anna also worked at the Federal Reserve Board, the White House Council of Economics Advisers, and the U.S. Treasury.Anna and her team started the year quite bullish, seeing many of last year's headwinds turning into tailwinds in 2026.But, in light of recent developments, she's starting to turn more cautious.To find out why, watch this video.Follow Anna on Bloomberg by typing BECO + "Go"Or on X at @AnnaEconomistREGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#gdp #inflation #unemploymentrate _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Send a textEquity securities represent ownership interests in a corporation, offering a range of risk and reward profiles suited to different investment objectives. Common stock serves as the primary vehicle for capital appreciation and corporate governance, though it carries the highest risk and the lowest priority in liquidation. Preferred stock functions as a hybrid instrument, providing consistent dividend income and higher claim priority, similar to debt instruments.Short-term and long-term opportunities are facilitated through rights and warrants, which allow for the purchase of shares under specific conditions—rights protecting existing ownership from dilution and warrants acting as long-term speculative "sweeteners." Finally, American Depositary Receipts (ADRs) provide a streamlined mechanism for domestic investors to access foreign markets while mitigating the logistical complexities of international trading, despite persistent currency and tax considerations.--------------------------------------------------------------------------------Common Stock: Growth and GovernanceCommon stock represents the most basic form of corporate equity, providing shareholders with a residual claim on company assets and a voice in corporate oversight.Preferred Stock: Income and PriorityPreferred stock is characterized as a more stable, income-oriented security that shares traits with both common stock and bonds. It is primarily utilized by investors seeking reliable dividend streamsRights and WarrantsRights and warrants are instruments that grant the holder the opportunity to purchase stock at a specific price, but they differ significantly in duration and intent.American Depositary Receipts (ADRs)ADRs facilitate the trading of foreign stocks on U.S. exchanges. They are issued by U.S. banks that purchase bundles of shares in foreign corporations and re-issue them as ADRs.

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceWhile the S&P has hit a new record high this year, it is having a difficult time rising back above 7,000.The technical action is weak, and the 20-Daily Moving Average is in danger of crossing below the 50-Daily Moving Average.Should that indeed happen, it substantially increases the odds of a further material decline.Will the market recover? Or will it roll-over?Portfolio manager Lance Roberts and I discuss the odds, as well as the the recent rise in volatility, the latest CPI inflation data, "financial nihilism", the implications of warmer US-Russia relations, the housing market, and Lance's firm's latest trades.For everything that mattered to markets this week, watch this video.#marketcorrection #volatility #inflation _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

President Donald Trump wants to keep home prices high, bypassing calls to ramp up construction so people can afford what has been a ticket to the middle class. The real estate industry, local officials and apartment dwellers say is needed to fix a big chunk of America's affordability problem. Meanwhile, Megatel received a “no-action” letter from the Securities and Exchange ‌Commission, allowing it to launch the universal payments token helping households earn a portion of the money they had spent.~This episode is sponsored by BTCC~ BTCC 10% Deposit Bonus! ➜ https://bit.ly/PBNBTCCGuest: Zach Ipour, Founder & CEO at Megatel HomesMegatewl Homes website ➜ https://www.megatelhomes.com/MegPrime App ➜ https://megprimepay.com/00:00 intro00:08 Sponsor: BTCC00:46 Recap: Trump Wants Higher Home Prices02:41 Housing Crisis03:05 Affordability03:29 First SEC No Action Letter for Real Estate04:07 How Megatel Homes is cutting costs09:09 Florida Coming Next09:29 Low Mortage Rates10:45 Coldwell Banker is skeptical11:28 Combating skepticism with validation12:12 Trump support?13:26 Closing hundreds of homes14:55 Token launch15:33 A.I. in Real Estate16:20 Market Size potential17:07 outro#Bitcoin #Ethereum #Crypto~Trump DEMANDS Higher Prices!?

Please join Ralf Preusser for a discussion on the German outlook with Evelyn Herrmann, Sphia Salim and Michalis Rousakis. We will explore the view on the German fiscal implementation, its impact on the growth profile in 2026-27 and the challenges ahead. We will also present our EUR rate and German yield forecasts as well as our takeaways for the EURUSD outlook.   Disclosure: You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.  

Welcome back, WIFs!In this cozy and delightfully unfiltered episode, sisters Lauren and Michelle settle in for one of those conversations that reminds you why laughter is sometimes the best medicine.After a sisterly catch-up and reflections on what they're caring less about lately - the sisters lean into the importance of trusting your instincts and speaking up, even when it's uncomfortable. Lauren is sharing a cautionary tale from a recent flight and offers insight on how she handled behavior between two people that greatly concerned her.And then… because balance matters and life doesn't need to be that serious all the time, the Hot Topic takes a turn into much-needed comic relief: farting. Yep. Fart pride vs. fart shame. What starts as pure silliness quickly becomes a surprisingly human (and very funny) look at family dynamics, intimacy, and why sometimes you just need a laugh to reset your nervous system.Along the way, Lauren and Michelle share what they're reading, watching, and listening to, reflect on the fragility of life, and wrap things up with Simple Joys rooted in survival, good food, and everyday relief. Consider this episode a reminder that caring less doesn't mean caring nothing—it means knowing when to go deep, when to trust yourself, and when to laugh it off. Press play, snuggle up, and enjoy the exhale.Resources: Fart Shame or Fart PrideOptwell - Find Your CalmPillarsPork Meatballs with Ginger and Fish SauceSip HightailSubscribe to Our NewsletterFollow Us!Shop Our Seasonal CandlesCheck Out Our WebsiteThis episode is sponsored by Posey Law Group and Chicago Private Wealth Group. Chicago Private Wealth Group is made up of wealth advisors Rick Shanley, Matt Arhontas, and Robert Buoy. If you're interested in starting a conversation with their team, you can reach them by phone at 708.247.1700, through email at chicagopwg@lplfinancial.com, or by visiting chicagopwg.com. Just mention that you heard about them from our show. Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC.

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceOn the surface, today's payrolls report was a blockbuster upside surprise.And the unemployment rate fell (from 4.4% to 4.3%).But when looking at other recent data, like weakening retail spending and a surge in both credit card balances & consumer debt delinquencies, things look less rosy.So which is it: Is the economy getting better or worse?Macro analyst Stephanie Pomboy returned for a livestream this morning to discuss this key question with me. We also discussed her thoughts on the selection of Kevin Warsh as the new Chair of the Federal Reserve, as well as her reaction to the sharp pullback and subsequent recovery in the gold price.Follow Stephanie at https://macromavens.com/Or on X at @spomboy#federalreserve #goldprice #jobsreport_____________________________________________Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Today's guest predicted -- years in advance -- the shift away from globalization towards nationalism by the world's major countries.With nationalist leaders rising to power over recent years, and the US officially declaring at Davos last month that "globalization has failed", what does he see coming next?To find out, let's ask the man himself.We're very fortunate to sit down again today with Michael Every, global strategist at Rabobank.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comFollow Michael at https://www.rabobank.com/knowledgeOr on X at @TheMichaelEvery#mercantilism #globalization #geopolitics _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

If you're 55 or older and feel financially behind heading into 2026, this episode may completely change how you think about retirement.Most people assume retirement readiness is about how much you've saved. But after working with hundreds of pre-retirees, I've found that it's not a number problem—it's a sequence problem.In this episode, I break down why being in your late 50s or early 60s with a lower balance can actually give you more leverage than someone with twice the money but worse timing. You'll learn how low-income years, tax sequencing, and intentional withdrawals can help you flatten your tax curve, reduce future IRS exposure, and avoid Medicare IRMAA surprises.We'll cover:Why feeling “behind” can actually be a timing advantageHow MAGI suppression can unlock ACA subsidies worth $15,000–$25,000 per yearStrategic IRA spend-downs that prevent future RMD explosionsHow Social Security can be used as a tax-planning tool—not just a benefitWhy redirecting contributions and eliminating debt before retirement creates freedomThe real catch-up move that has nothing to do with saving moreThis is the foundation of my Red Zone Retirement Planning process—helping you catch up by design, not by stress or guesswork.If you're in the window before the system stops giving you options, this is the episode you don't want to miss.How much you need to retire quiz: https://bit.ly/Adam-OlsonInvesting involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.

Alex Thorn talks with Multicoin Capital General Counsel Greg Xethalis about crypto legislation and policy, the CLARITY Act, the future of Multicoin Capital, and the “Vanderbilt Mafia” at the top of financial services policymaking in Washington. Alex also talks with Beimnet Abebe (Galaxy Trading) about bitcoin price action, the impact of AI on jobs, and growing uncertainty in markets. Past performance is not indicative of future results.   Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC.  If the value of such assets increases, those vehicles may benefit, and Galaxy's service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy's public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement.   For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, available at ⁠www.sec.gov⁠. This episode was recorded on Wednesday, February 11, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠⁠⁠⁠⁠⁠⁠⁠

Improving fundys, metals among reasons for EM optimism David Hauner argues that Emerging Markets (EM) remain a compelling opportunity, supported by favorable macro, valuation, and structural tailwinds. A weaker USD, low real US rates, and improving fundamentals across many EM economies echo past multi‑year periods of strong EM performance. After more than a decade of underallocation, global investors are beginning to return, though positioning remains well below historical norms. Metals‑producing countries are also benefiting from energy‑transition and AI‑driven demand. David also highlights risks around EM sentiment, the USD, and the Fed-currently supportive but vulnerable to higher inflation and tighter financial conditions. Even so, the improvements cited suggest selloffs are likely to attract dip buyers.   You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.

On this week's episode of Educational Insights, Mark Hume breaks down the topic of allowing private investments inside 401(k) plans and what it could mean for everyday investors. Private equity may offer new opportunities for diversification beyond public markets, but it also comes with important differences like fees, transparency, and how these investments are evaluated. This episode highlights the key pros and cons to understand, so that you can make informed decisions as this space continues to evolve. Watch to learn more. Mark Hume, CFP® Senior Vice President Wealth Consultant Email Mark Hume here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Hold Your Horses first appeared on Fi Plan Partners.

Everyone's got an opinion about money (especially the people with a book deal or a TV show). Some of that advice is useful. Some of it sounds better on a stage than it works in real life. Let's break it down.   Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381   ----more---- Transcript:  Marc: Everyone has got an opinion about money, especially people pushing a book deal or a TV show. And sometimes maybe that advice is useful and sometimes it's not, it works better on a sound stage than in real life. Let's break it down and have Tony react to some controversial financial takes here on Plan With The Tax Man.   Hey, everybody. Welcome into the podcast. This is Plan With The Tax Man with Tony Mauro, here in Des Moines professional alternative at Tax Doctor, Inc. Hanging out with me to do a little reaction type podcast this week, Tony, we'll get your take on some interesting hot takes from some financial talking heads out there and see what you think about it and practice in the real world. Because you see clients and help people every day and of course are governed and have rules that you have to follow where a lot of these talking heads don't, they can say whatever they want. We'll talk about that a little bit this week.   How are you doing, buddy?   Tony Mauro: I've been doing good. As were taping this, we're getting into our tax season so getting busy with a lot of new tax changes and whatnot that's hitting everybody.   Marc: Yeah, a lot of changes with the OBBBA. You got to be on your toes, right?   Tony Mauro: Mm-hmm.   Marc: And we talked a lot about that on some of the prior podcasts.   Tony Mauro: We did, yeah.   Marc: Yeah. If you guys aren't a little sure about some of those things, make sure you go check those out and you can find us at whatever podcasting app you like, Plan With The Tax Man. Just type that in the search box or just go to yourplanningpros.com. But if you need some help, of course, reach out to Tony as tax season is upon us again at yourplanningpros.com.   All right. My friend, let's dive in and have some fun with these.   Tony Mauro: Sure.   Marc: All right. You're probably familiar, maybe a lot of our listening audience is with Robert Kiyosaki. A number of years back, he wrote Rich Dad, Poor Dad. Really good book, actually. Quite helpful.   Tony Mauro: [inaudible 00:01:51] yes.   Marc: Yeah, quite helpful for a lot of people. But he's since gotten a lot more aggressive and interesting in some of his stances and takes. And again, a lot of that is the demographic I think he's marketing himself to and pushing and things of that nature. But let's talk about this take here more recently. He said people shouldn't work for a company and save in that retirement plan, instead should launch their own startups or maybe buy gold, silver, and Bitcoin, or all of the above. At the time we're talking, Tony, it's early February and gold and silver and Bitcoin, we're doing pretty good last year and earlier into the year this year, but not so great right this minute. At the time we're talking, there was a recent 30% downturn in gold and silver so that didn't age so well.   Tony Mauro: No. And I think it's interesting you pick this one because I have read his books and I think by and large the Rich Dad, Poor Dad, especially the Rich Dad, Poor Dad Cashflow Quadrant are great books for people. And this strikes me because... Don't get me wrong, I like people being in business for themselves. We serve a lot of those businesses.   Marc: Absolutely.   Tony Mauro: And the tax planning and accounting capacity and the financial end as well.   Marc: But I bet they got their own SEPs and things, they've got their own retirement accounts they're doing.   Tony Mauro: We've got them in almost anybody that will listen and take us up on it, whether it's through us or somebody else. Yes, they have their own retirement plan of some kind.   Marc: Yeah. Not saving in a retirement plan just seems crazy, especially if you are working for somebody else, Tony. Because if nothing else, take the free money.   Tony Mauro: It's free money. And that's exactly it, it's free money if you're working for somebody else. I think depending on who he's trying to market this measures to, not everybody is cut out for having a business for themselves. They may be good at it but they don't... A lot of them tend to get themselves into trouble, whether it's tax-wise or lack of planning, lack of cash flow, that kind of thing, let alone the headaches. Again, I love small business. It's my favorite thing so it's somewhere deep in me. I say, I get it. I get what you're saying. Yeah, I think everybody should work for themselves but not...   Marc: Everybody doesn't have the right temperament though.   Tony Mauro: They don't. They don't. They don't have the right temperament. And I definitely think if they're working for themselves or if they're working for a company, they should be in a retirement plan of some kind.   Marc: Yeah. And to just invest in gold, silver, and Bitcoin, come on, that's crazy. Have some if you want but...   Tony Mauro: I agree. That goes against every financial prudent planning aspect that I know of, that's some diversification...   Marc: 150 years?   Tony Mauro: Yeah.   Marc: Right.   Tony Mauro: Like you say, you can have some but I think you've got to have some diversification, you got to have a plan. I'd love to hear what his rationale for that.   Marc: Well, I've watched some shorts and some reels he's had out there recently. And I do think he's targeting the younger generation right now, this kind of mindset of we're not going to work 50 years for somebody and then retire, we want to make all our money in our 20s by being aggressive in technology and this, that, and the other. I think he's pandering a little bit to that crowd. Maybe not. Maybe he's totally on board with it. But it just seems like a big departure from some of his previous stuff.   Tony Mauro: It does. Yeah, it's a real departure from his books.   Marc: Yeah. Anyway, interesting hot take there. Look, if you want some gold and some silver and some Bitcoin, hey, cool. Talk with your advisor about that, make sure being prudent though to Tony's point. Don't get crazy.   We were joking the other day. I was talking with an advisor, Tony. The Dow just hit 50,000 at the end of last week at the time we're taping this for the first time ever, right? And the comment was, "Hey, the Dow hit 50,000." And somebody goes, "Yeah, so did Bitcoin." Of course, it started at 100,000.   Tony Mauro: Right. Right.   Marc: Because it's not had a very good couple of weeks.   Tony Mauro: No. And that just goes to show you the volatility there.   Marc: Massive, yeah.   Tony Mauro: Yeah. Having all your eggs in those three baskets, definitely very aggressive.   Marc: It could be, for sure. Yeah. All right. Let's go to a different take here from Suze Orman, host of Women and Money, recently suggested and this is... If Robert was getting a little crazy and aggressive, Suze is maybe getting a little too conservative. Tell me what you think about this, Tony. She suggests retirees set aside three to five years worth of living expenses. Not six months, right? Not three to five months. Just in case bank accounts crash or stock market crashes, things of that nature. Three to five years, a little too conservative? What do you think?   Tony Mauro: In my opinion, yes. I think that's far, far too conservative because assuming, again, if you're a retiree and you have a diversified portfolio, hopefully if you are in stocks that are high yielding, good quality individual companies. But most people don't have that, they have mutual funds and a variety of things. And even in a market downturn, if you look at 3, 5, 10-year periods, there's not very many that last very long. And if you take it in 10-year periods, there never is over the entire period so that seems very, very conservative.   And who in their right mind is going to take a large chunk of their portfolio and stick it in a 2%, 3% yielding vehicle when they're trying to live off of the income? I don't know where she's coming from with that at all. And again, these people sell a lot of books and whatnot. But keep in mind, I always like to point out that... And they have a lot of followers, they've made a lot of money. But sometimes if you're listening to some of this stuff, you might want to bounce it off your financial advisor as well, just see what they think because I don't agree with that one at all.   Marc: Yeah, it's a little too... And again, if you got... I don't know. I guess if you're worth $100 million, putting aside three years worth of money is a little easier than most folks, right?   Tony Mauro: Right. Right.   Marc: It's three years. I can hardly put side six or eight months, let alone three years worth. And again, interesting takes. And of course, these folks are talking heads out there in the landscape and pushing their books or their programs or things. And while technically, Tony, doing a podcast makes us a talking head, we're a smaller talking head.   Tony Mauro: True.   Marc: But again, you're in the trenches. You're a CPA, a CFP, an EA, you work with clients day in and day out. These folks don't do that so that's a little different there.   Tony Mauro: No. Yeah.   Marc: Kevin O'Leary and his amazing suits, his very colorful, interesting suits he wears. This one might be the most realistic, Tony, of everything on my list today. And this one is still a little bit too much, I think. But what do you think? He insists that if you don't know your net worth at all times, you're being irresponsible with money. He promotes constant tracking, optimization, and performance measurement.   Tony Mauro: Somewhat I agree with him because I do think you need to know your net worth.   Marc: Indeed.   Tony Mauro: Now, at all times and if you don't know it, you're irresponsible.   Marc: Constant?   Tony Mauro: I think that's a little extreme.   Marc: A little much. Yeah.   Tony Mauro: Yeah. But I think the point he's trying to make, if I'm reading it right, is you need to track your spending and what you own and what you owe so you do know your net worth because it is an important number. I wouldn't get so hung up on it day to day because you're just not going to be able to make significant changes to it. I think it's worth looking at with your financial advisor to see where it's headed on a yearly basis for sure. We do it with our clients. Every one of our clients, we go over that net worth. Did we grow it? Did it go backwards and why? And it's good to have that because at the end of the day, a large portion of that net worth is going to be your retirement portfolio, your investments. And so that's going to be what we're focusing on mostly.   But also in that net worth, we see a lot of times where we start to become almost a financial personal coach in that, "Hey, your net worth is not growing because you're spending more than you're making." That kind of thing. I think he has some good points there but I wouldn't focus on it. I would focus more with your advisor on the month to month, the bigger plan, and I think you'd be fine.   Marc: Yeah. And I think a lot of times people do hire a professional, Tony, because they don't want to track it every day and keep an eye on it and it stresses them out. But I think most people, we should know our baseline numbers, we should have a good idea of what's going on, our total net worth, what's coming in, what's going out. You want a good understanding. Even if you do have a financial professional in your pocket helping you out, you still want to have a good... What is it? A 10,000-foot view kind of thing. But I think micromanaging it down to that small of a level, maybe at some point in life. But I think as we get a little older, we're like, "Okay, I need to turn this over to somebody else to handle this because it's too stressful."   Tony Mauro: Right. Agreed.   Marc: All right. I got two more I'm going to do and it would not be complete doing this list without old Dave Ramsey. Dave is not shy and no stranger to controversial takes like cutting up credit cards or paying exclusively in cash. And obviously, Dave has got a huge empire, helps a lot of people, and actually has a lot of good things that do seem to work on the debt side. However, on this side, Tony, this might be a little crazy. He's challenging the rule of thumb, the 4% rule. He's advocating for 8% annual withdrawal for retirees who invest 100% in the market. If over time the S&P 500 yields a 10% rate of return, he says the money should then last you throughout retirement. And while on the surface, that makes sense, 100% in stocks for retirees alone just seems like way more nausea and sleepless nights than most people probably want.   Tony Mauro: I would agree with you. I've read Dave Ramsey's books, I think one of his best is the Total Money Makeover. As far as getting yourself started with planning, I think that's a great book for everybody.   Marc: And the snowball thing works great.   Tony Mauro: It works great. This, I would agree with you too. I don't agree with him at all there. I do like a little bit more aggressive withdrawal percentage than 4%, I like to use 5% with most of my clients unless they're very conservative. But 8% and all in stocks, that would be... I think as a fiduciary, that would just be wrong of us to even assume that unless the client comes and says, "This is what I want. I want nothing else." And it's up to us to say, "Wait a minute, that's too much." Because what he doesn't say here is, yes, over time it yields 10%. I would agree with that but that time period is a long time period. What happens if you've got all of your retirement portfolio, S&P 500 index, let's say, and we have an eight-year prolonged downturn? Will you run out of money? Probably not, but you will have significantly less. And if you're living off the income, well, then you either have to take less or get into the principal.   Marc: And he doesn't really talk about, "Hey, are you willing to cut that back on the down years and things of that nature?" Because adding a little context to that, Tony, to your point, somebody could be listening and go, "Hey, man, the market last year finished at 18%. The year before that, 20 something. The year before that, 20 something. The year before that, 20 something. Making 10 back and only pulling out 8 totally seems doable the last four or five years. Why not?" Sure, you're right. But what about the 10 years where we made nothing? What about a few decades back when there was what? 15 or 18 years where it made nothing, right?   Tony Mauro: Made nothing, right. I remember through 2000 to 2000 almost 10.   Marc: Oh, the lost decade. Yeah.   Tony Mauro: Oh, just a whole decade was gone. Let's say you were following this strategy then and that wouldn't have been too good for you.   Marc: You're pulling 8% out of a million dollars, you're pulling 80 grand out year over year, and it's not making anything back. Again, it's a little too much, I think.   Tony Mauro: I think so too. I think he might be just trying to generate a conversation there but I think he definitely got to put some context to that.   Marc: Yeah, for sure. And again, while technically the numbers technically do make sense, can you sleep at night with that much risk? And it flies in the face of everything for people... And again, the fact that he even mentioned it for retirees is what kind of... If he would have said people in their 30s or 40s, I could have maybe rolled with that. But people in their 60s up, that's a little too crazy.   Tony Mauro: I agree.   Marc: All right. Final one. You might have thought that might have been the wildest take but I'll save this one for last. The world's richest man, Mr. Musk, predicts that advances in AI, energy, and robotics will generate such an abundance of resources, Tony, that all individual retirement savings will become irrelevant in the future. On a recent podcast, he said, "Don't worry about squirreling away money for retirement. In another 10 or 20 years, it won't matter anyway." There's going to be this boom that is going to just bring riches to everyone and the thing is I actually think he believes it. I will give him the credit and the benefit of the doubt saying I think that he thinks these things are true, that he can make these things happen or they're going to happen or whatever. And kudos for feeling about that. But man, there is so many holes I can punch into this. First of all, Tony, what is your thought on will it even generate that sort of money? And then who allocates it? Who doles it out?   Tony Mauro: Well, that's what I was just thinking [inaudible 00:15:10]   Marc: And who do you trust to make sure they don't take it and give it to you?   Tony Mauro: Yeah, this is nirvana. I'm thinking, "Well, boy, if that's the case, sign me up."   Marc: Heck, yeah, sign us all up.   Tony Mauro: [inaudible 00:15:21]   Marc: But the history of human beings have... Is there any company, person, government, anything that you would trust to say, "Oh, send me my universal check every month so I don't have to do anything." I know that's the world keeps thinking we're moving towards that but we have to be on it. Who is going to really trust someone to do that first and foremost, right?   Tony Mauro: I agree. I just think that's... I didn't even know where he's coming from with that. I do think he believes it because I heard...   Marc: I do. I really do. Yeah.   Tony Mauro: But I just don't see how that's possible. Everybody that either... Let's say AI and energy and robotics have taken over everything, those are the people that are going to have... Who create that I would think are going to have the money and I don't know how that's going to be doled out to the rest of the people and why.   Marc: Well, you're talking about what? They've been kicking around that universal income for everyone kind of thing, right?   Tony Mauro: Yeah.   Marc: And if you're having a computer, if you're having AI dole out the money where so therefore humans aren't touching it, therefore it's deemed fair. I guess you could make those arguments. But at some point, it just seems... All right, 20 years from now he's talking. If you're 60 years old right now listening to this and you stop, right? You stop, saying, "You know what? Elon is totally right. He's going to pull this off. This is going to happen. I'm 60. I'm not going to save another dime for retirement for the next 20 years." And 20 years comes by and you're 80 and none of this came to fruition. Well, you're screwed.   Tony Mauro: You're screwed. Yeah, you're in real trouble.   Marc: And he's not on the hook for it.   Tony Mauro: No. I would say to everybody, you keep doing what you're doing, you plan like we're in this world right now.   Marc: Exactly.   Tony Mauro: And if something like this in your lifetime ever comes to happen, well then all the better. But I wouldn't bank anything on something like this.   Marc: And that's where I think the questions and the interesting thing comes into the speculation of investing, right Tony? That's where it comes back to, "Hey, look, if you want to get in crypto, if you want to have some AI properties, if you want to do some of these different things because you believe in this interesting future possibility. Cool, do that. But don't risk the tried and true things that have also worked for 150 years just in case you're wrong because there's you, there's your spouse, there's your heirs to think about." And so I think that's where we... We're in this interesting space where it's like, "I want to take some chances maybe." Or, "I want to be on some cutting edges." But let's still keep it within that speculative portion I guess, Tony, of our finances.   Tony Mauro: Yeah, very small. Very small speculative portion because that's exactly what it is. And you certainly don't want to, just like you said, risk your future on some of the speculation. Because some of it is out there and...   Marc: And it may be possible. It may absolutely be possible but it also may not.   Tony Mauro: It may be possible.   Marc: [inaudible 00:18:16] I'm still waiting on my flying car. I ain't got it yet.   Tony Mauro: I've got a client here locally, tax only, that has... He's the same way. He is invested in some Iraqi Dinari that he keeps saying that it's going to take off, it's going to be... He's been telling me this for 20 years and it's basically worth 3/10 of one cent. You don't want to get into that. I think it was a little flyer for him, I don't even know. But anyway, please consult with advisors before you do any of these kind of things and [inaudible 00:18:53]   Marc: And again, it's easy for the world's richest man to be like, "Well, if it doesn't work, well, whatever."   Tony Mauro: Yeah, whatever.   Marc: Well, he's going to fly off to Mars and not be responsible anyway.   Tony Mauro: That's right.   Marc: But look, good stuff, fun for conversation. And I think that's a piece too, I think as humans, we're always looking to try to move forward and do some things. And of course, sometimes we're trying to sell some stuff. And of course, even in Elon's case, he's trying to promote his robotics and his AI and get people on board. And the more people that are interested and on board, the better the chances of things happening and generating.   You always have to take stuff with a grain of salt and you could simply say, "Well, Mark, you're constantly saying, Hey, call Tony." Yeah, I am. I'm saying call Tony to get a strategy and a plan in place that works for your situation based on the things you've got going on in your life, and also they're backed by years of research and data. And there's no plan that's perfect but having a plan is better than having no plan.   Tony Mauro: That's right. I agree totally.   Marc: Yeah. Get yourself onto the calendar, have a consultation and a conversation with licensed professionals, CPA, CFP, EA. It's what Tony is for 30 plus years. If you need some help, find him online at yourplanningpros.com. That's your planningpros.com. We're going to wrap it up this week so thanks for hanging out with us here on Plan With The Tax Man, with Tony Mauro.   Tony, thanks for engaging and having some fun with me on this.   Tony Mauro: All right. We'll see you next time.   Marc: We'll see you next time here on the podcast.   Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.

You've probably heard about real estate before as a great way to grow or invest your money for the long-term.   But that doesn't mean that you can just start with no strategy, or plan, however.   In this episode of Women and Wealth, Regina talks with Lindsay Davis, CEO and co-founder of Spartan Invest, about building passive income through single-family real estate.   Lindsay explains what "turnkey" investing looks like, why the Southeast has been a strong target for investors, how she evaluates neighborhoods, and the real risks to understand before buying. They also get into retirement planning and why diversifying your income streams early matters, so you can work because you want to, not because you have to.   Episode Highlights:   0:00 - Episode open and intro to Lindsay 3:27 - Landlord/tenant laws, residential properties 6:38 - How Lindsay targets areas 10:42 - Explaining risk to newcomers 18:12 - Where you can learn more 19:35 - Challenges Lindsay has faced as a professional woman 22:45 - Lindsay's plans for retirement 25:03 - Action item ABOUT REGINA MCCANN HESS   Regina is the author of Super Woman Wealth: How to Become Your Own Financial Hero.  As an advocate for women's financial freedom, she wrote this book to help empower women to take a bigger role in handling their money.     Regina has appeared on Schwab TV, Yahoo Finance, Forbes.com, NTD Television, CBS 3 Philadelphia, Fox 29 Philadelphia, King 5 Seattle, KTLA 5 Los Angeles and Scripps News.  She has also been quoted in numerous articles in publications such as Forbes, Business Insider, U.S. News & World Report, Yahoo Finance, USA Today, USA Wire, Word in Black, WTOP News, Mind Body Green, Money Digest, New York Post, Defender, Authority Magazine, GoBankingRates.com, Scripps and The Muse.   As Founder of Forge Wealth Management, Regina utilizes her 25+ years of financial services experience to help individuals plan, preserve and diversify their wealth.  She focuses on educating her clients while building long-term relationships with them and their families.  Her experience throughout major shifts in the markets, enables Regina to structure balanced portfolios to address specific financial goals. CONNECT WITH REGINA   Website: https://www.forgewealth.com LinkedIn: https://www.linkedin.com/in/reginamccannhess/ Facebook: https://www.facebook.com/ForgeWealth Instagram: https://www.instagram.com/forgewealthmanagement/ YouTube: https://www.youtube.com/@ForgeWealth Email: reginahess@forgewealth.com   CONNECT WITH LINDSAY DAVIS   Website: https://spartaninvest.comLinkedIn: https://www.linkedin.com/in/spartanlindsaydavis/ Securities offered through LPL Financial, Member FINRA/SIPC www.finra.org, www.sipc.org Third-party posts found on this profile do not reflect the view of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness. For a list of states in which I am registered to do business, please visit www.forgewealth.com.

How do you build an investment portfolio that isn't at the mercy of a single stock or sector? Diversification is one of the most fundamental principles of long-term investing, helping spread risk across different asset classes and reduce the impact of any one investment losing value. I break down what diversification really means, why simply owning a few “great stocks” isn't a strategy, and how balanced exposure can help you stay invested through ups and downs in the market. To learn why diversification matters for your financial future, tune in now. ________________________________________________________________ SOCIAL LINKS: Facebook: https://www.facebook.com/AaronKatsmanLC/ LinkedIn: https://www.linkedin.com/in/aaron-katsman-6550441/ ________________________________________________________________ SUBSCRIBE TO THE PODCAST: iTunes: https://podcasts.apple.com/us/podcast/the-aaron-katsman-show/id1192234142 Stitcher: https://www.stitcher.com/podcast/the-aaron-katsman-show Spotify: https://open.spotify.com/show/1lePc1pC0giBFV1nzCGsQR ________________________________________________________________ VISIT MY WEBSITE: Website: https://www.aaronkatsman.com/ ________________________________________________________________ CONTACT ME: Email me: aaron@lighthousecapital.co.il ________________________________________________________________ DISCLAIMER: Aaron Katsman is a licensed financial professional both in the U.S. and Israel. Call 02-624-0995 for a consultation on how to handle U.S. brokerage accounts from Israel. This video is for education purposes only and is not intended to give investment, legal or tax advice. If such advice is needed, contact a licensed professional who can help you. Securities offered through Portfolio Resources Group Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not of Portfolio Resources Group Inc., or its affiliates. Neither PRG nor its affiliates give tax or legal advice.

Marcia Dawood is an early-stage investor and author of Do Good While Doing Well, TEDx speaker and host of The Angel Next Door podcast, with a new book debuting next month called Unapologetic Wealth. Marcia serves as the chair of the Securities and Exchange Commission's Small Business Capital Formation Advisory Committee. She is a venture partner with Mindshift Capital and the chair emeritus of the Angel Capital Association (ACA), a global professional society for angel investors. She is also an associate producer on the award-winning documentary Show Her the Money.

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceToday's guest has long warned that the US and most other countries are hurdling into a global sovereign debt crisis.One that is increasingly forcing them to "Get busy inflating, or get busy dying"To get an update where things stand on his timeline, where this all is likely headed, and what investors should be tracking most, we're fortunate to welcome Luke Gromen, founder of macro research firm FFTT, LLC, back to the program.Looking at the all important trends underway, Luke reaches the same conclusion for each of them: "All roads lead to gold"To find out why, watch this video.#gold #debt #inflationhedge _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

This week, Phil welcomes special guest Harry Sudock of CleanSpark for a deep dive into AI, power generation, and the future of bitcoin. Index performance does not reflect the deduction of any fees and expenses, and if deducted, performance would be reduced. Indexes are unmanaged and investors are not able to invest directly into any index. Past performance cannot guarantee future results. Performance data is sourced from Bloomberg, JP Morgan, Goldman Sachs, Wells Fargo, Charlie Bilello, Visual Capitalist, and First Trust. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss. In general, the bond market is volatile; bonds are subject to credit risk and interest rate risk (bond prices rise when interest rates fall and vice versa). This effect is usually pronounced for long-term securities. Any fixed-income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.  Vehicles that invest in lower-rated debt securities (commonly referred to as junk bonds or high-yield bonds) involve additional risks because of the lower quality credit of the issuers. Stocks may be subject to even greater volatility and liquidity risk.  A portfolio of international investments involves special risks not present with U.S. investments due to factors such as increased volatility, currency fluctuation, and differences in auditing and other financial standards. These risks can be accentuated in emerging markets. Despite strong historical performance, securities carry risk and may not continue to perform similarly in the future. The statements provided herein are based solely on the opinions of the Ladenburg Thalmann Asset Management (Ladenburg) Research Team and are being provided for general information purposes only. Neither the information nor any opinion expressed constitutes an offer or a solicitation to buy or sell any securities or other financial instruments. Any opinions provided herein are not intended to provide legal or tax advice or investment decisions. Any political views expressed are personal opinions and are not intended as investment advice. Certain information may be based on information received from sources the Ladenburg Research Team considers reliable; however, accuracy and completeness of such information cannot be guaranteed. Certain statements contained herein may constitute "projections," "forecasts" and other "forward-looking statements" which do not reflect actual results and are based primarily upon applying retroactively a hypothetical set of assumptions to certain historical financial information. Any opinions, projections, forecasts and forward-looking statements reflect the judgment of the Ladenburg Research Team only as of the date of this document and are subject to change without notice. Ladenburg has no obligation to provide updates or changes to these opinions, projections, forecasts and forward-looking statements. Ladenburg is not soliciting or recommending any action based on any information in this podcast. Crypto assets (including bitcoin) involve significant risk, are speculative in nature, may lose all value, and are not appropriate for all investors. Crypto assets are not insured by the FDIC or SIPC, may lack regulatory protections, and carry technology, operational, and cybersecurity risks. Ladenburg is an SEC Registered Investment Adviser under the Investment Advisers Act. Registration does not imply a certain level of skill or training. Ladenburg provides investment advisory services and may serve as a sub-advisor for accounts managed by third-party advisers or may be included in advisory platforms sponsored or administered by affiliates or third-party advisers. Ladenburg does not provide tax or legal advice. Please consult your tax advisor or attorney. For additional information, please see the Program Disclosure Brochure or ADV Part II for full details, which are available upon request or please visit adviserinfo.sec.gov. Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc. and Osaic Institutions, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Osaic Services, Inc. and Ladenburg Thalmann & Co., broker-dealers and members of FINRA and SIPC. Advisory services are offered through Ladenburg Thalmann Asset Management, Inc., Osaic Advisory Services, LLC and CW Advisors, LLC, registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser. © Osaic, Inc. • osaic.com

Financial Advisor Tim Russell, CFP® and Tyler Rutherford discuss how to open a Roth IRA.See the show notes here!Subscribe to "Life in the Markets" PodcastBuy our new book: The Good StewardWealth Management from a Biblical WorldviewStewardship Seminars from a Biblical WorldviewLearn more at: StewardologyPodcast.comSchedule a Personal Stewardship Review at: StewardologyPodcast.com/ReviewGet in touch with us at: Contact@StewardologyPodcast.comor call us at: (800) 688-5800Send us episode ideas! StewardologyPodcast.com/ideaSubscribe to get episodes delivered to your inbox every week.Follow along: Facebook, InstagramA ministry of Life Financial Group & Life Institute.Securities and Advisory Services offered through GENEOS WEALTH MANAGEMENT, INC. Member FINRA and SIPC

Josh helps lead Boston Partners' international and global long/short strategies at a firm managing $125 billion (as of 9/30/25). We talk about his data‑driven filtering process, persistent market anomalies, how he navigates regime shifts, and where he's finding the most compelling opportunities around the world today.-This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person.While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date.The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, involve risks and uncertainties, and do not guarantee future results. Non-traditional assets carry significant risks and may not be suitable for all investors. Decisions should be based on individual objectives, risk tolerance, and circumstances.Statements herein are general and may not reflect an individual's or entity's specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers' views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.(As of December 22, 2025)

Emerging market stocks and bonds are off to a strong start to the year following a stellar 2025. Axel Christensen, Chief Investment Strategist for Latin America at the BlackRock Investment Institute, shares why we think returns can deliver again, though selectivity is key.General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BII0226-5194293-EXP0227

Cyclicals vs. Tech: Positioning for broadening growth Mark Cabana and Savita Subramanian discuss whether there's evidence of a cyclical upswing in economic data, and the extent to which that's impacting companies and stocks. They also delve into whether such improvement is even as positive as it would seem given it could result in higher long rates and a Fed that's less able to cut. It's important to note that our economics team expects more cuts from the Fed this year so an environment of no cuts is not our base case but it's useful to discuss the possibility. Mark explains the important role that productivity plays and how it can alleviate much of this rate risk. A combination of better growth and productivity improvements could be quite positive for certain parts of the market too and Savita offers why she doesn't think improvement is fully priced into the sectors and stocks that would benefit. We also discuss another potential risk to rates-US dollar weakness and whether Mark sees any evidence of de-dollarization that could lead to a treasury selloff.   You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.

Market Breadth is Strengthening One of the most important themes so far this year has been the broadening out of the stock market. In recent years, the market's gains were heavily concentrated in the largest companies, particularly the “Magnificent 7,” with the top 5 to 10 stocks dramatically outperforming the rest of the index. This year, the pattern has shifted in a meaningful way. Instead of a narrow rally led by a small group at the top, a much larger share of the S&P 500 has begun contributing to overall performance. While these companies may be smaller relative to the largest names, they are still substantial businesses, and their improved participation is a healthy sign for the market. Several indicators reinforce this trend: 68% of S&P 500 stocks are currently trading above their 200-day moving average, which is the highest level since 2024. This suggests the overall market remains structurally intact despite periodic pullbacks and volatility. The percentage of stocks reaching 52-week highs is extremely strong, sitting around the 96th percentile, a level typically associated with broad momentum. Perhaps most striking is how dramatically the market's leadership has changed. In 2023, 2024, and 2025, the top 10 stocks contributed more than 50% of the S&P 500's total performance. In 2026, the market is still up year-to-date, but the top 10 stocks have actually detracted from returns by roughly 26%. That final point highlights how different the current environment is. The market is moving higher, but not because the largest names are carrying the index. Instead, strength is spreading across a broader base of companies. The Inflation vs. Productivity Test for 2026 A broadening market is generally considered a healthier market. When more companies participate in a rally, it suggests the underlying economy is stronger and more evenly supported. Two major data releases this week will help determine whether that support can continue, especially as the economy enters what may become one of the defining themes of 2026: the race between inflation and productivity. At the center of this issue is a critical question: Can productivity grow fast enough to offset rising costs? More specifically, can output per worker increase at a pace that allows wages to rise without forcing prices higher? This week brings two important economic signals – Wednesday: the jobs report, delayed due to the temporary government shutdown; Friday: The Consumer Price Index (CPI), the key inflation reading Together, these reports will provide insight into both labor market strength and inflation pressure, and they will feed directly into market expectations for interest rates. One of the most important market indicators right now is the 10-year Treasury yield. Historically, the stock market has tended to hold up well as long as the 10-year yield remains below 4.5%. The yield is currently around 4.2%, and it has remained relatively stable in a tight range, below 4.5% and above 4%, for most of the past year. That range matters because the 10-year yield is highly sensitive to inflation expectations. If inflation spikes again, interest rates are likely to rise, and higher rates can quickly tighten financial conditions and pressure stock valuations. The path to keeping inflation stable depends heavily on productivity. When workers can produce more output per hour, it helps absorb higher wages without pushing prices higher. In that environment, inflation stays contained, interest rates remain more stable, and markets tend to respond positively. Ultimately, inflation, productivity, and interest rates are interconnected. If productivity growth can keep pace with rising labor costs, the economy can move into a positive reinforcing cycle. If not, inflation pressures can re-emerge and lead to higher rates, creating a more challenging environment for both economic growth and market performance. The market's recent broadening is an encouraging sign, and this week's data will help determine whether that trend has the foundation to continue as 2026 unfolds. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post The Race Between Inflation and Productivity first appeared on Fi Plan Partners.

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comToday's guest has been predicting an oncoming boom in the commodity complex for a while now.And increasingly, it's starting to look like that boom is arriving.If so, how high will it go? And how long will it last?And where may the best opportunities lie for investors?For answers, we turn to macro and commodities expert Tavi Costa formely of Crescat Capital. but now newly running his own show at Azuria Capital.#commodities #gold #oilandgas _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

The market has been range-bound for months.Has it topped out and about to roll over, as we saw at the start of 2022?Or, is it consolidating and poised for a breakout higher soon?Portfolio manager Lance Roberts and I discuss the odds, as well as the likely rotation of capital back into Growth from Value, the sell-off in Bitcoin and its repercussions, the growing trouble in private credit, and Lance's firm's latest trades.For everything that mattered to markets this week, watch this video.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#marketcorrection #growthstocks #bitcoin _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Today's episode is one that I've been excited to share. How to value private businesses, even if you only invest in public stocks. Now, you might be thinking, I don't buy private businesses. I buy stocks. Why should I need this? That's exactly what we're gonna unpack today. Understanding how to value a private business might be the most powerful mental model you can borrow as a public market investor. By the end of this episode, you'll see why some of the greatest investors in history, including Buffettt, Munger, and many small cap specialists, think this way. First, why should you think like a private buyer? When you buy a share of stock, you're buying a small piece of a real business, not just a squiggly line on a chart. Most investors forget this. They think of a stock as a lottery ticket or a day-to-day trading vehicle. Thank you for watching. ❤️If you'd like to support Global Value, the links below help a lot. They're affiliate links, which means I may earn a commission at no extra cost to you and everything earned is reinvested into making the videos better.- TIKR: The research platform I use for financial data and company analysis. Join 250,000+ investors here: https://www.tikr.com/globalvalue- Seeking Alpha Premium: Get 20% off + a free 7-day trial with my link: https://www.sahg6dtr.com/H4BHRJ/R74QP/- Sharesight: Portfolio tracking made simple (4 months free when you sign up annually): https://www.sharesight.com/globalvalue- Interactive Brokers: Broker I recommend for global market access and professional-grade tools: https://www.interactivebrokers.com/mkt/?src=gvy1&url=%2Fen%2Fwhyib%2Foverview.php- Patreon: Support the channel directly and help fund future episodes: https://www.patreon.com/GlobalValue#ValueInvesting #Valuation #BusinessValuation #PrivateBusiness #StockInvesting #InvestingBasics #FundamentalAnalysis #IntrinsicValue #DCF #OwnerEarnings #CashFlow #InvestLikeBuffett #WarrenBuffett #CharlieMunger #LongTermInvesting

For years now, corporate stock prices have been growing substantially faster than their free cash flows.In theory, this shouldn't be sustainable.Will 2026 prove to be the year that the math starts to matter?Today's guest, Chance Finucane, Chief Investment Officer of high net worth advisory firm Oxbow Advisors, thinks it may be.REQUEST A FREE CONSULTATION WITH OXBOW at https://www.thoughtfulmoney.com/oxbow#magnificent7 #commodities #oilandgas _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

In this episode of Spotlight, Thalia Hayden ‪@etfguide‬ chats with Lance McGray, Head of ETF Product at Advisors Asset Management about growth and income opportunities with international investing, preferred securities, CLOs, and companies that are transforming global business. Learn more about Advisors Asset Management's ETF lineup https://www.aamlive.com/ETF

How much you need to retire quiz: https://bit.ly/Adam-OlsonMost people think they're “getting ready” for retirement between ages 60 and 67.In reality, this is when many retirees quietly sabotage their entire plan.In this episode, I break down 9 common purchases people make before age 62 that seem smart—but actually destroy flexibility, increase taxes, and cost tens of thousands of dollars over time .You'll learn:Why the 60–67 window is the most tax-sensitive period of your entire financial lifeHow early annuities, insurance, renovations, and debt payoffs can backfireThe hidden impact these decisions have on Roth conversions, ACA subsidies, IRMAA, and Social Security timingReal client examples where “good intentions” led to massive opportunity lossWhat you should spend money on instead during the Retirement Red ZoneThis episode is especially important if you're within 5–7 years of retirement and want to protect your income, lower lifetime taxes, and stay in control—without locking yourself into irreversible decisions.If you want help sequencing your income the right way and avoiding the mistakes that derail most retirements, check the link in the show notes.How much you need to retire quiz: https://bit.ly/Adam-OlsonInvesting involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.

Alex Thorn, Head of Firmwide Research at Galaxy, speaks with Beimnet Abebe of Galaxy Trading, who previously warned that bitcoin was entering a bear phase. Abebe, a market strategist focused on macro and crypto structure, reiterates his view that bitcoin is likely to test its 200-week moving average near $60,000 amid deteriorating liquidity and weakening risk appetite. The discussion situates crypto within broader market stress. Abebe argues that equity momentum has stalled, software valuations are vulnerable to AI disruption, and marginal buyers are retreating. He points to cracks in the labor market, softer consumer sentiment, and rising odds of Fed cuts driven by employment weakness rather than renewed stimulus. Thorn challenges whether bitcoin's failure to track gold undermines the “digital gold” thesis, while Abebe maintains that reflexivity and improved risk-reward at lower levels could reset positioning. What's Happening Abebe frames the recent bitcoin drawdown as a structural breakdown, not a transient dip. Liquidity has thinned, sentiment has turned, and equities—particularly software and AI-exposed names—are repricing. He highlights slowing retail flows, de-dollarization pressures, and labor data signaling softness. The pair debate whether AI threatens software moats and how that repricing feeds into broader risk assets, including crypto. Why It Matters If equities correct further and labor weakens, the Fed's dual mandate could tilt toward easing, altering fixed income and risk allocations. For bitcoin, a move toward the 200-week average would historically mark a value zone with asymmetric upside. The conversation underscores how tightly crypto remains linked to macro liquidity and equity sentiment. Key Takeaways • Bitcoin's market structure has weakened, increasing odds of a test near $60,000. • Equity repricing, especially in software, reflects AI-driven moat erosion concerns. • Labor softness may push the Fed toward cuts despite inflation above target. • Lower bitcoin levels could offer asymmetric risk-reward for long-term allocators. Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC.  If the value of such assets increases, those vehicles may benefit, and Galaxy's service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy's public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, available at ⁠www.sec.gov⁠.   This episode was recorded on Wednesday, February 4, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠⁠⁠⁠⁠⁠⁠⁠

We've all come to accept the US is now a K-shaped economy.The rich are at the top, living large off of their asset appreciation.And everyone else - the vast majority -- is in the bottom leg. Feeling increasingly left behind.But the rich have been spending so amply that they've kept the averages for retail spending -- which drives the majority of our GDP -- in "healthy" territory.But what will happen if the rich start to stumble?Analyst Danielle DiMartino Booth thinks we are seeing signs they're starting to. And she's concerned they could pull down the economy along with them.To find out why, and what the repercussion will be, watch this video.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#marketcorrection #deflation #economy _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Today's guest has been warning for a good while now that the current bull market is stocks is approaching its end.In no small part because corporate insiders, who know the most about their companies' prospects, are selling their shares at record percentages.It's not all gloom for investors, though. He also predicts that commodities -- and the stocks of the companies that produce them -- are set to experience a boom.For a full update on his outlook, we welcome back to the program macro analyst Jesse Felder, founder & Editor of the respected market research firm: The Felder Report.Jesse fears that US stocks could be in for a "nasty" surprise as the dollar continues to break down, foreign capital leaves US markets, and inflation & unemployment rise.Despite that, he is quite bullish on the future of commodities, especially oil & gas.REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceFollow Jesse at https://thefelderreport.com/#marketcorrection #dollar #commodities _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Financial Advisor Tim Russell, CFP® and Tyler Rutherford discuss helpful financial tips for single stewards.See the show notes here!Subscribe to "Life in the Markets" PodcastBuy our new book: The Good StewardWealth Management from a Biblical WorldviewStewardship Seminars from a Biblical WorldviewLearn more at: StewardologyPodcast.comSchedule a Personal Stewardship Review at: StewardologyPodcast.com/ReviewGet in touch with us at: Contact@StewardologyPodcast.comor call us at: (800) 688-5800Send us episode ideas! StewardologyPodcast.com/ideaSubscribe to get episodes delivered to your inbox every week.Follow along: Facebook, InstagramA ministry of Life Financial Group & Life Institute.Securities and Advisory Services offered through GENEOS WEALTH MANAGEMENT, INC. Member FINRA and SIPC

Right now, the "giant mindless robot" of passive capital flows appears to be the most important macro trend in keeping stock prices rising.So many worry that a stalling -- or reversal -- of these passive flows is the #1 risk to markets.But today's guest, David Hay, founder & former CIO of Evergreen Gavekal, sees an even greater risk -- one that practically no one else is paying attention to.There are a growing number of reasons why foreign capital is likely to start draining out of the US financial markets.And it could reach a volume where those flows are even bigger than the giant mindless robot of domestic passive flows.This would severely tank the prices of many US financial assets.To learn why, David has prepared a slide presentation that you simply must watch.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#capitalflows #exchangerates #commodities _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.