Dimension in which events can be ordered from the past through the present into the future
Listen in podcast app- Peter Zeihan on Alberta's Future- Recap of the Fed Meeting- Rashida Gets Dunked On By Jamie Dimon- Putins Golden Bridge and Alex Karp- The World Will Never Be The Same - Globe and Mail article- Crisis In Male Masculinity- FINALLY SOME TAX POLICY CHANGES IN CANADAListen on Apple, Spotify, or Google Podcasts.If you aren't in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.
Timeframe orientation is not a concept that many people are aware of, but everyone has one. Many people don't think more than the day or moment than they are in and they don't have a long term view of their lives. As such, they will often continue to do whatever action is the least painful rather than what will truly give their life meaning and purpose.Listen as we go into timeframe orientation and define what it is, how it can benefit you, and give practical hands on examples. As always, we finish with challenges to allow you to apply it to your life. Got a show idea or something you'd like us to cover? Please get in touch!Instagram - @theimpossiblelifeYouTube - The Impossible Life PodcastFacebook - @theimpossiblelifepodcastTik Tok - @theimpossiblelifepodcastemail - firstname.lastname@example.org
Summary: What do you do when markets get volatile? Dutch Masters, the CEO of Carnivore Traders, sits down and chats with me about some of the trading strategies they use within his group to combat the effects of this volatility. Tune in to learn about what types of stocks to watch in this market, and to get knowledgable expertise from Dutch. Highlights: -We've been long, short, long/short at the same time…when the markets get volatile like this, it's difficult to find a trend either way -To combat this, they shorten their trading time frame -In a bull market, they go after SAS companies—stocks that are very volatile and move many points a day -Many people don't understand the dynamics of the stock market, which is crucial in comprehending how individual stock prices move Useful Links: Financial Survival Network Carnivore Trading
Steve has spent more than 24 years in the Auto industry. The spark happened when he started his career at McDonald Automotive in 1998 as an Audi Brand Specialist. Since then, Powers couldn't get enough and yearned to learn more and something different. At that point, Steve recognized the importance of diverse experiences and perspectives to drive innovation in the auto industry, and that's when he became an Audi Sales Manager in 1999. In 2010, Powers became an Audi General Sales Manager and a couple of years later graduated from NADA's General Dealership Management Academy and was promoted to Audi Denver General Manager. He was recognized in 2019 as VP of Operations for the McDonald Automotive Group. In 2021, he became a partner of Polestar Denver and a partner with Toyota Greeley, Toyota Ft. Morgan, CDJR Ft. Morgan, and McDonald Mazda North (located in Longmont, CO). He is currently on the board of CADA (Colorado Automobile Dealers Association), a Chairperson of Audi NCM 20 Group, and a member of Audi of America Product. 00:00:00 Introduction 00:02:30 Automotive News 00:30:00 Blog Post of the Week 00:37:00 Steve Powers Introduction 00:41:00 For the Love of ICE 00:43:00 Reasonable Benchmarks 00:48:00 Inflation Reduction Act Expectations 00:57:00 Time Frame for Full Roll Out? 01:03:00:00 Trying to Predict Q4 01:11:00 It Is What It Is 01:20:00 Next Five Years Connect: Steve Powers Connect with Steve through his assistant Cesar at email@example.com You can reach the Dealer Talk Team anytime at: https://dealertalk.io/ Herb Anderson: https://stan.store/DealerTalk Charity Ann: https://stan.store/Yes-i-cann Thank you for tuning in, and as usual, we will TALK later! Subscribe to My Channel: https://www.youtube.com/channel/UCFzz... --- Support this podcast: https://anchor.fm/dealer-talk/support
Today on the podcast, we have Rachael Gleason of Fresh and Bright cleaning here to talk with Mike. She started her company in September of 2015 in Grand Rapids, Michigan. She is here today to talk about how to take her business to the next level. She has been a solo cleaner for seven years, and as she's looking down the road, she doesn't want to clean forever. But she's unclear about how to start that hiring process. It can feel scary to start to bring new people into a space that you have curated exactly as you want it. Listen in as she and Mike talk about how to make decisions that will propel you forward to that next step, and how to do it in a really intentional way. 5:35 Create a Time Frame 9:48 Create a Hiring System vs Scamblinb All the Time 16:15 More is Better Love the idea, but find it overwhelming? Want to learn the next steps like, what to actually say on the call? Jump on a call with one of our coaches and learn strategies on how to grow your cleaning company and start loving your job every day! Book here
WarRoom Battleground 136: The WHO Extends Time Frame To Submit Videos; We Are Starting To Close The GAP In Key Battleground States; Idaho Promotes Groomer Reading Hour
FOREX trading tip! Focus on 1 entry time frame | For Beginner Forex Traders Calvin's Forex Course: https://www.calvinthenewtrader.com/ My Only Instagram: https://www.instagram.com/calvinthenewtrader --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
9/1/22 Hour 1 0:00 - In the Sports App, AWadd discusses interest in Carmelo Anthony, Serena Williams' comeback in the U.S. Open and Timmy Trumpet's Citi Field appearance with producer Adam Cheek and WRVA producer Ryan Brown. 13:15 - Epstein, Cheek and Brown debate whether it's too early to start celebrating Halloween and the cruise ship Global Dream II being sold for scrap before it hits the water. 22:45 - The NFL Wire's Mark Schofield calls in to discuss fantasy drafts, his confidence in the Vikings to make the playoffs and more ahead of the NFL season. 35:00 - In NFL Hits, Adam talks about Aaron Donald retiring if he hadn't won the Super Bowl, Baker Mayfield's comments on the Browns and more.
THE THESIS: In a fallen world, we should not be surprised that entire business sectors are built around lies. We can treat this as horrible news, or we can give praise to God for giving us all the easiest, pass / fail that will ever exist. THE SCRIPTURE & SCRIPTURAL RESOURCES: Matthew 6:22-24 “If your eye is pure, there will be sunshine in your soul. But if your eye is clouded with evil thoughts and desires, you are in deep spiritual darkness. And oh, how deep that darkness can be! “You cannot serve two masters: God and money. For you will hate one and love the other, or else the other way around. Luke 16:13-15 “You cannot serve two masters at the same time. You will hate one master and love the other. Or you will be loyal to one and not care about the other. You cannot serve God and Money at the same time.” The Pharisees were listening to all these things. They criticized Jesus because they all loved money. Jesus said to them, “You make yourselves look good in front of people. But God knows what is really in your hearts. What people think is important is worth nothing to God. 1 Timothy 6:9-12 But people who long to be rich soon begin to do all kinds of wrong things to get money, things that hurt them and make them evil-minded and finally send them to hell itself. For the love of money is the first step toward all kinds of sin. Some people have even turned away from God because of their love for it, and as a result have pierced themselves with many sorrows. O Timothy, you are God's man. Run from all these evil things, and work instead at what is right and good, learning to trust him and love others and to be patient and gentle. Fight on for God. Hold tightly to the eternal life that God has given you and that you have confessed with such a ringing confession before many witnesses. Hebrews 13:5-6 Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.” So we can confidently say, “The Lord is my helper; I will not fear; what can man do to me?” Why Can't We Serve Two Masters? Your true master is the one you love. God cannot coexist with a second master as He is the One and Only. If we have established another master in our life, such as ourselves, money, selfish ambition, etc., then it means we will end up hating God. THE NEWS & COMMENT: Michael Burry saw the mortgage business for what The Party made of it: a scam set to fall. Now, he has compared it to the Covid response. Michael Burry of ‘Big Short' Fame Says ‘Silliness' in Markets Is Back; The investor who bet against the housing market ahead of the financial crisis has been predicting another crash for months. The Figurehead pretends he is “forgiving loans” but he is actually--once again--forcing you to bail out Wall Street. Studies Show Biden's Illegal Student Debt Scheme Is Welfare For The Rich We cannot be shocked by this. D.C. is a godless CIty of greed. Just look at Mitch McConnell and his corrupt wife: Trump Is Right. Mitch McConnell And Elaine Chao Spent Decades Getting ‘Rich On China' Foremost [a company owned by Elaine Chao's Father] is technically based out of New York but largely operates out of China, where at least 70 percent of its freight, mostly industrial, is delivered. Not only are a majority of Foremost's ships built in state-owned shipyards, but some are even financed by the Chinese Communist Party. They are then used to deliver cargo outlined in contracts with the communist government, which has clearly stated goals to rapidly expand its industries to compete with the U.S. Foremost and the Chao family have benefitted from loans estimated to be between $350,000 and $1 million from the U.S. government and loans from Chinese banks known by the Trump administration as threats. Again, this is a company owned by the father-in-law of America's top congressional Republican and the father of the former transportation secretary. Not only do Chao's father and sister Angela Chao still share leadership over Foremost, but the pair also once sat on the board of an offshoot of the CSSP together. This trend of the Chao family expanding their influence in China only continued as McConnell and his wife burrowed deeper into the American political system. When Trump named Chao head of the Department of Transportation in January of 2017, her family publicly rejoiced — likely at the opportunity to further their business interests. That same month, Chao's sister Angela was named independent non-executive director of the CCP-affiliated Bank of China. McConnell still expresses some support for curbing China's ascent, but whether his concern is sincere or political is difficult to say. Not only do McConnell and Chao's family members financially benefit from doing business with communist China, but so have McConnell and Chao. The political duo may not have a formal stake in the Chao shipping empire, but they have certainly amassed wealth from the business. The biggest evidence for this came in 2008. Just one year after James Chao joined CSSC Holdings, in addition to running Foremost, McConnell received a “gift” of $5 to $25 million from his father-in-law. As Politico reported, that payment significantly bumped McConnell's net worth, which was measured at around $3.1 million in 2004, to between $9.2 million and $36.5 million in 2014. Several members of Chao's family, including Angela and James, also contributed more than $1 million to McConnell's re-election campaigns. In other words, the founder of an unofficial arm of our top adversary's navy is helping keep McConnell in U.S. leadership. According to Schweizer, these kinds of payments could have been money designed to keep a favorable relationship between McConnell and the Chao family. I lost a dear friend to suicide. Before he died, he shared with me his recollection of what a banskter did to his firm and his career. It's my opinion it ultimately lead my friend to take his life. Jamie Dimon's $13 Billion Secret; The inside story of JPMorgan Chase's landmark mortgage settlement THE LISTENERS: Todd, I love your show! I used to listen to you on EIB. Your comparison of what has happened with the plandemic and the Big Short was great and made me want to watch the movie. However, when I researched it and found out that it has 74 uses of the F-word, I just can't do it. That's like one every 30 seconds! For me that's a non-starter. I don't know how you can put up with that. Maybe your description of yourself raising your hand in the “VIP” meeting inspired me to speak up, but I would just say that you should give some kind of a warning when mentioning a movie like that (maybe you did?). I know it's hard to find one without something bad in it, but 74?! Why do they have to ruin so many potentially good movies? Ephesians 5:4 Dan from SCSee omnystudio.com/listener for privacy information.
BEST timeframe for entering FOREX trades Calvin's Forex Trading Course: https://www.calvinthenewtrader.com/ My Only Instagram: https://www.instagram.com/calvinthenewtrader My Favorite Trading Book: https://youtu.be/GuODxRvVp6g My Favorite Prop Firm: https://myforexfunds.com/?wpam_id=40686 --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/forex-beginner-podcast--daily-forex-trader-motivation--trading-tips/support
In today's episode, I dive into what we can really expect from our body when it comes to weight loss and our goals, why I can't stand the fact that My Fitness Pal gives you the option to lose 2.5 pounds per week, and why you are right around the corner from striking GOLD in your journey if you just keep going. Ready to take back control of your health, your happiness and reach your goals for life?Heck Yes, Let's work together! Want to be part of the community?Follow along and connect with me on Instagram!
DUNE founder James Fleay speaks with Flow listeners about the infrastructure challenges with renewable energy and why he arrived at the conclusion that adding nuclear energy to Australia's energy mix makes sense not just on greenhouse gas emissions, but economically and for energy purposes as well
In this special micro-pod edition of Mills Knows Bills, Mills breaks down the rules of the financial “game” that we all are playing by laying out the four guidelines that everyone must ask before making financial decisions. Often times families or individuals strive to complete financial milestones without asking these four key questions which can lead to frustration or even failure. In this episode, Mills will help you avoid this frustration by laying out each key question and why they asked both before and during key financial decisions. She lays out how to ask these four simple questions: how much money do I need, by when do I need it, what obstacles stand in the way to this goal, and finally, can I truly afford it? This deceptively simple quartet of questions is vital to both developing your goals and establishing the budget that will allow you to win this “game of goals” and find financial freedom! Topics Include: Understanding the Rules of Finances Asking the Right Questions about Budgeting How Much Money You Need to Achieve Your Goal Establishing a Timeframe for Your Goals Forecasting Potential Obstacles Determining if Your Goals are Realistic _____________________________________ Follow Mills Knows Bills: Website: https://www.millsknowsbills.com Instagram: https://www.instagram.com/millsknowsbills Youtube: https://www.youtube.com/millsknowsbills TikTok: https://www.tiktok.com/@millsknowsbills LinkedIn: https://www.linkedin.com/in/ameliabender Facebook: https://www.facebook.com/millsknowsbills Twitter: https://twitter.com/bendermills Pinterest: https://www.pinterest.com/millsknowsbills
Brian Friel sits down with Solend founder Rooter to hear how he built the largest lending protocol on Solana.Show Notes00:41 - Origin of PFP 01:27 - Origin Story 03:26 - When did they settle on Solana? 04:36 - The Journey of Solend 08:19 - Dealing with the Whale and Governance Proposals14:23 - Time Frame from whale discovery to governance proposal16:06 - What were the proposals? 19:06 - The third proposal 21:31 - Thoughts on governance and decentralization23:46 - What would he do anything differently?25:36 - Advice to other founders on governance26:49 - Isolated pools 31:24 - Onboarding onto DeFi 32:57 - Permissionless pools 35:39 - What's next for Solend 36:33 - A builder he admires Full TranscriptBrian (00:06):Hey everyone and welcome to the Zeitgeist, the show where we highlight the founders, developers, and designers who are pushing the web three space forward. I'm Brian Friel, Developer Relations at Phantom. I'm super excited to introduce my guest, Rooter. Rooter is the founder of Solend, the largest decentralized lending protocol on Solana. Rooter, welcome to the show.Rooter (00:26):Hey, thank you, and thanks for having me.Brian (00:27):I think everyone on crypto Twitter will recognize you by your iconic profile picture. It looks to me like a aardvark that's shedding a single tear. Can you give a little background on what is that animal in your profile pic and how you came to rock that as your PFP?Rooter (00:41):So it's actually Pequenino, which is a fictional species from a book called Speaker for the Dead, which is part of Ender's Game series.Brian (00:52):Oh, I love it.Rooter (00:52):Basically, I was looking for a profile picture and this is one of my favorite sci-fi books. I found a frame in a comic and thought it was unique to have the character crying. Took that frame and ended up getting a custom artist piece made.Brian (01:08):That's an awesome backstory. I even seen some derivative pieces of that made now that you're a judge on the latest Solana Hackathon that's become a very iconic image in Solana lore.Rooter (01:18):Yes, it's funny.Brian (01:20):For folks who maybe aren't on crypto Twitter, would you mind giving us a little background on who you are and how you became to be founding Solend?Rooter (01:28):Sure. My background is in software engineering. Basically, I've been working as a software engineer for multiple years. Been doing smart contract development for a few years as well. Started off in the Ethereum space, did a startup in the past, which ended up getting acquired. And basically last year, I was looking at what to do next in crypto. And it was very clear that building something on a scalable version of Ethereum was the way to go because it would cost hundreds of dollars to do certain operations which would add up to thousands very quickly. Basically, at the time, Solana was one of the only alternative blockchains that provided good scalability and was actually live, since a lot of what was out there was just not live yet.Brian (02:13):And how did you settle on a decentralized lending protocol, in particular?Rooter (02:17):I was always quite fascinated by lending protocols. I read the Compound white paper when it first came out and was super excited about it when it first launched, I was a user. I always felt like there was something missing in the lending space, namely that not enough assets were supported. During DeFi Summer, there were all these different old coins launching like YAM, and PASTA coin, and whatnot. One thing I really wish I could do was short a lot of them or at least farm and hedge the risk, but there were no lending markets that wanted to list these coins because they're too risky and it imposes risk on the rest of the protocol. So I really felt isolated lending protocol was needed, which eventually came in the form. It was Arari launched Fuse. It was always like really want to see this in the market. The opportunity that Solana presented was perfect since basically, Solana was a fast-growing blockchain, and the ecosystem was rapidly coming together, and there was not yet any leader in lending. It just made sense that someone would need to lead that space, and why not be us?Brian (03:27):When did you guys settle on Solana as the chain that you were going to build onRooter (03:31):At the very start, I just want to learn about different technologies so I was looking at Optimism, which hadn't launched yet. Polygon was live, aka MATIC, and I had dabbled around with that a bit. Basically, I want to mess around with Solana a little bit, see what the developer experience was like, and it turned out to be pretty good, which I guess some people might be surprised to hear. It wasn't terrible, terrible. We built the first version of Solend prototype during the Solana Season Hackathon, and we saw from that experience how powerful it could be and that there was a lot of potential. After that learning experience, we decided to double DAOn on it.Brian (04:13):That's great. And so you guys essentially went from a Hackathon project to today, one of the largest DeFi protocols on Solana, the largest lending protocol. You guys are facilitating hundreds of millions of dollars in loans every day. Walk us through that journey. What do you attribute that success to? And how big is the Solend team? You guys started, I assume, mostly just you in a Hackathon project. What's that journey like?Rooter (04:37):So in the start for the Hackathon, it was about four of us I think, and then we became five for launching the Mainnet, stayed around that size for a couple months. More recently we started growing so we're up to nine people now, mainly engineers still. And as for what I would attribute the success to? I would say, a lot of our success was on this pivotal moment which was when we launched our liquidity mining program and our token, that's when we saw a really huge spike in deposits. Basically, I think it was timed well.Rooter (05:12):Liquidity mining is just a really great way to bootstrap liquidity, which in lending you need that liquidity for it to be useful because if there's only a couple hundred thousand dollars of liquidity in assets, a lot of users just ... It's not useful to use it. If you're doing any size, you would be moving the rates too much. If you borrowed the rates would spike due to the algorithmic nature of it. I'd say that was definitely a pivotal moment since ... When we launched it I think we had $200 million in deposits, and basically, in one or two days we jumped up to $2 billion so that was quite a wild day for us.Rooter (05:48):Before that, there was a lot of anticipation to our token launch and our liquidity mining because I think we just did a good job with our branding and our UI. To this day, I think we have the simplest UI for a lending protocol that's the most easy to use and just straightforward. And, of course, coming from myself, take it with a grain of salt but I actually really do believe that. And we spent a lot of time going back and forth with a designer who is really, really talented, and coming up with this design that we felt was improving upon existing models. We tried to design it from the ground up, especially having used these products a lot. What are the pain points and what do we want to improve on?Brian (06:28):It sounds like you guys took a lot of your learnings too from DeFi Summer, as you mentioned that being a inspiration for you guys and how Compound's COMP token really kicked off that whole scene. I definitely agree that a well-timed liquidity mining event can really spur some pretty crazy liquidity in a bull market here.Rooter (06:45):And actually, I would add another thing, which is that we've built up this reputation of doing what's right by our users. Multiple times there have been issues, whether it's Oracle issues, where wrong prices are printed, and then there are some wrongful liquidations that happened. Or, at some other occasion, the Solana network went DAOn for quite a long time, which meant that some people couldn't pay back their loans when they wanted to, and as a result, they got liquidated so we've refunded people for all of these issues. And also, there was a vulnerability disclosure from Neodyme at one point, and we worked with them to get them a million-dollar bug bounty payout. No users have ever lost money due to anything that's out of their control really on Solend, and I think that goes a long way as well.Brian (07:39):I think that's a great segue. I think a lot of folks who maybe aren't users of Solend might have heard Solend for the first time back in June, this was around when much of the crypto market was experiencing cascading liquidations. Solend was trading around 25, $26 today, at the time of this recording in July, just a month later it's back up to $40. Around this time, there was a pretty big whale on Solend who was at risk of liquidation, and Solend initiated its first three governance proposals all in rapid succession. Could you walk us through what events were going on at that time in your own words? How the situation was affecting Solend?Rooter (08:20):I'll rewind a little bit. So basically, we first noticed this whales activity back in February when they deposited around $200 million worth of Solana at a time when we had around $2 billion. Or, maybe it was closer to one billion actually. Basically, they were a very large position but it wasn't anything super crazy, and also, they weren't borrowing anything at the start. And basically, what happened is, over time they started borrowing USD against their SOL position until it got to a point where they were borrowing $100 million.Rooter (08:52):At the time, it was almost 90% of the USDC borrowers in the main pool, and their so deposits were 95% of the deposits in the main pool. Over time, they gradually became an extremely large user on our platform. When we saw this, we tried to contact them so we did a couple of things. First, we went through our own private networks. Asked investors, "Hey, is this you or do you know who this is?" Didn't get any success there. The next thing we tried was sending an on-chain message and posting on Twitter a public announcement like "Hey, is this anyone out there, please reduce your position." IBrian (09:33):I remember seeing some of your tweets saying, "We're trying to reach you about your car's extended warranty jokes."Rooter (09:39):Definitely tried to use some humor to make it go more viral so that we could have a better chance of getting in contact with them. And the issue is that they're borrowing so much that their liquidation price was $22.30 cents, and SOL was trading at $26 and had just come DAOn from $100 just a month ago or something. If it continued to go DAOn, as was a trend, what we were worried about is that they would get liquidated which would cause such a massive amount of SOL to come onto the market in a sudden way that we were really concerned about the side effects of that. Specifically, on Solend, generally, the way that liquidations work is, there are bots that will liquidate someone and sell the assets on chain in one transaction. Basically, if that transaction is not profitable they're just not going to do it. If it is, then they will.Rooter (10:37):And typically this is fine because Solend has partial liquidations of 20% so only up to 20% of your position can get liquidated. And usually, positions are relatively small so it gets handled with ease. But this would be an unprecedented size of liquidation where basically, around $120 million would become liquidable in around $21 million chunks, which if you try to market sell $20 million, especially on DEXs on Solana, you're just going to crush the market.Brian (11:09):There's no liquidity to support that.Rooter (11:11):Exactly. If you try to sell one to $2 million, there would be 5% slippage. At 20 there's just no liquidity or tank it by maybe 50%, and doing this over and over again would cause a lot of issues. A couple of things there. One, it's a super lucrative liquidation transaction that Boss will be incentivized to spam so much to try to win, right. And two, it would create a very large arbitrage opportunity on the DEXs for people to ARVE between other venues. Both these combined would cause such incentive for a lot of bot activity that we were worried that it would potentially overload the Solana network. At the time, Solana was experiencing a lot of network issues, transactions would fail.Brian (12:00):This is the pre-1.10 release.Rooter (12:04):It's gotten so much better since then, thankfully.Brian (12:06):Was there any risk at this time to say just your average depositor in Solend, "I have a couple hundred USDC, I just want to deposit in Solend for a yield? Was I at risk here based on this mega whale's actions or failure to respond?"Rooter (12:22):So usually other users are not at risk, but given the size of this user and the fact that they could move the market with their liquidation, then other users were at risk because what could potentially happen is the Solana network could go DAOn, and in the worst case it would go DAOn for a couple hours. And in the worst case, the price of SOL would also continue to drop, and so liquidations would not be able to occur, or even if they did they potentially wouldn't be able to happen fast enough which would leave bad bet on the platform. Basically, when the collateral is not worth enough to cover the loan then there's a mismatch in liabilities and that would mean basically that some users who withdraw last would not be able to withdraw. Solend has an insurance fund to repay these bad debts, but there's a chance that our insurance fund of $20 million would get depleted, and on top of that users would lose a bunch of money.Rooter (13:20):Basically, what we were looking at is, do something about it and avoid gambling for the outcome where users would lose maybe $100 million dollars and Solend's treasury gets depleted and basically spells the end for the land potentially, or do nothing and hope for the best. We're being proactive, and we looked at this situation and felt that it would make sense to do something about it. The solution that we came to was basically a very large market sale is extremely hard to do on chain but it's a lot more routine to do so OTC. So we made a governance proposal of this so then one, and basically the proposal was to liquidate these assets OTC, over the counter, to minimize flippage, get better execution, et cetera. Minimize impact to the market rather than doing so on chain. There was a lot of controversy around that.Brian (14:20):And I just want to set the stage here a little bit because I think this is a really fascinating case study for everyone who's interested in decentralized governance. I've been in the space for a couple of years now. Maybe thinking back to March 2020, but even then having governance issues that were so important. Solend being the lifeblood of the lending ecosystem on Solana, this being like you said, a potential existential question, but then also the fact that it's time sensitive. Can you just recap real quick how long you guys had from essentially finding out that this was an issue to turning out your first governance proposal?Rooter (14:56):So I think we first noticed this on June 15th, and a couple tweets trying to get in contact the 16th and around that. And then it was a couple days later that this proposal happened. And basically, we were looking at the sold charts and it's a very volatile asset, right. It actually dipped to $25, and I think in the high 25s for some time, which meant that only around a 15% drop would cause liquidations to happen, and doomsday scenario could happen. For SOL which dropped 80% in a very short period of time, a little 15% dip is not unfathomable, right.Brian (15:41):Walk us through some of the strategies here. You mentioned the first governance proposal involved taking control of the user's account in the event of a liquidation to handle this over OTC. The thinking being that OTC desk can provide better rates than the liquidity that's available latently on decentralized exchanges, there'd be less impact on users. Walk us through that proposal and then some of the subsequent proposals that followed.Rooter (16:08):That was essentially the proposal is to temporarily move the assets such that they can get liquidated over the counter and then move them back into the user's account. One common misconception is, people thought that we were taking their funds or stealing them or what whatnot, which is definitely not the case. Basically, they were just to get liquidated. And that money is still their own money it's just would be converted from SOL to USDC with the best execution that we could find. Better than what would be on Dex's. Of course, there's a lot of controversy around the method of doing that. Following that, there's a ton of controversy. And thankfully actually, the price of SOL started to recover which bought us some time. And re-evaluating the situation we thought okay, now that we have more time we can consider some other options potentially.Rooter (17:01):We made a second proposal, which rolled back the first one. We were listening to our community and the general community at large of crypto. It was definitely unpopular. Although one interesting fact actually is, it was definitely very controversial in the general sphere, but for our users that had money stuck in the platform and who were just waiting for a train to come and hit them, they really wanted us to do something about it. And we would get a lot of messages like F the haters, just do something. Don't listen to them. Just try to appease a bunch of people on Twitter and let us lose our money.Brian (17:41):And these are messages on Realms, the voting platform, is that right?Rooter (17:44):Realms and in our Discord just talking to users directly. One additional piece that I forgot to mention earlier was that, due to the utilization of the pool being so high because all of the USDC in the platform was borrowed out. That meant that people couldn't withdraw their USDC anymore because basically, the funds are not within the platformBrian (18:08):They're not available. Right.Rooter (18:10):Users were stuck in their position. They were frozen in and they couldn't exit so that was an additional thing that was exacerbating. The whale was causing real problems, it wasn't just potential.Brian (18:20):The borrow rates must've been crazy then.Rooter (18:24):I think USDC was at 60% APR and USCT went up to 200 something.Brian (18:31):Wow.Rooter (18:31):It was quite crazy. Some people were happy to collect that interest, but definitely, I think most people were sweating a little bit.Brian (18:40):Understandably so. Okay. You mentioned that the first proposal was around the OTC liquidations, in the event it came to that. Luckily, it didn't come to that, the price rebounded, then you guys initiated a second proposal which essentially gave your team more time to reevaluate, introduce the minimum one-day voting period. And then you guys also launched a third proposal which passed. Can you walk us through a little bit about what that third proposal entailed?Rooter (19:07):So the third proposal basically implemented new liquidation rules for extremely large accounts so basically, it capped the borrows of any account to $50 million. It would start off the cap at $120 million and gradually decrease it by around 500,000 per hour. Two things there. One is we don't want any single user to be a systemic risk for the platform and so there should be some sort of cap. I think this makes sense and there's pressing for it.Rooter (19:39):If you go to a bank and you ask for 100X leverage on a trade, or if you go to a crypto exchange like FDX or Binance, for a very long time you could do 100X leverage if you had say $100 dollars in your account. It's just a gamble, it's a lottery ticket or whatever. But if you go to them and you have $100 million and you tell them, "I want to get 100X leverage," they're going to tell you no, right. They're not just going to give anybody that crazy amount of leverage so you have to consider size. In the same way here, we don't want extremely large users until the platform can absorb it. As Solend grows, we can increase these caps.Rooter (20:16):And then the second part was this gradual reduction. Basically, the intent there was to spread out the liquidation over time so that we don't get a sudden $20 million sale that could cause chaos. We have them in much smaller chunks, such that the liquidations could get absorbed. If you sell a little bit on the decks it'll cause some slippage but not a crazy amount, and then it can get armed with centralized exchanges and other parties. It'll happen over the course of a couple days rather than just a couple hours or less.Brian (20:48):This third proposal passed as well, this was the latest proposal. Thankfully in hindsight, none of this actually had to come to the test. SOL rebounded, I assume the whale is no longer in imminent risk of liquidation. But I'm curious because you mentioned throughout this, one of your guiding principles is doing right by your users. You guys have done a number of different initiatives outside of that to prove that. And then you also mentioned your users were among the most vocal asking for you guys to take action here. I'm curious, where does governance come into play? What is a good time for enacting governance as a protocol founder? What decisions can you guys make as a team? What times do you actually need to bring in the community vote in situations like these?Rooter (21:32):One last thing to wrap up the whale thing. In the end, we actually were able to get in contact with them. Basically, they heard the news and someone had reached out to the Binance team ... Or, we had reached out to some people who helped us get in touch with the Binance team who then forwarded our message along to the whale. Shortly after proposing SLND3, we got in contact and talked about some mitigation strategies. In the end, they reduced their position on Solend and the price of SOL rebounded, as you mentioned. We were in the clear after that. Moving on to the question about decentralization. Basically, my thinking there is that it's better to build something worth decentralizing than to decentralize nothing. And it takes time to get to that point where you have something valuable that's worth decentralizing. My thinking basically is, if you're fully decentralized from day one it makes things extremely hard.Rooter (22:26):I don't know if you've participated in many DAOs, but if you have you would know how extremely inefficient they can be and how oftentimes there's a lot of this bystander effect where people do nothing, just stand around waiting for others to do something. I believe that there needs to be some spearheading entity that gets things done and then gets it to a point where it can be decentralized to the community and governed by the community later on. But the whole startup maze of discovery and pivoting to find product market fit and reacting to changing market environments, that's very hard to navigate as a DAO.Rooter (23:04):I don't remember who put it out at the beginning, but this idea of decentralization over time, and we're embracing that. We are working on a decentralization roadmap, which we're going to release soon. And basically, it'll outline what are the milestones on the way to decentralization? And what are the steps that we're going to take? I mean, even Bitcoin wasn't decentralized on day one, right. At the beginning, most of the hash power was owned by Satoshi and his associates and whatnot, his friends, and, it took a while for the hash power to be, as we would call it, sufficiently decentralized.Brian (23:42):Is there anything that you would do differently looking back on this whole situation?Rooter (23:46):That's a very tough question. Looking back in the situation that we were at, we were in between a rock and a hard place, and we were faced with a real-life trolley problem where one option is we gamble with our users' funds and potentially let them lose hundreds of million dollars and the life of Solend. And the other is doing something controversial that doesn't sit well with a lot of people. It was very tough and definitely hope to never have to make this decision again, but I think what we would do is we would always put our users first I think. Having users lose money is the worst thing that could happen so we would do everything we can to prevent that from happening.Brian (24:28):I commend you for your composure in responding to that situation. A lot of people like to chirp on Twitter. I think a lot of people who are working in Web 3.0 or founders of projects know what it's like to be in the arena there, and definitely don't envy your position but also, I think it's great that you guys have that principle of doing right by your users.Rooter (24:50):That was definitely tough. There was a lot of criticism directed directly at us as well. And the frustrating thing was, none of these people were users. None of them had ever touched Solend's, maybe never even touched Solana, but they were just criticizing from the sidelines. A lot of them had something to gain sort of. Maybe they were maxis or they have a platform where controversy and engagement drives metrics for them. It's an ugly reality of things.Brian (25:23):One last point on this. For any founders who are thinking about starting their own project in Web 3.0, generally, maybe listening to this podcast, is there anything you would tell them about governance as a whole or what you've learned so far in your time at Solend?Rooter (25:37):It definitely helps to be proactive and to set things up, and discuss things with people as early as possible. But at the same time, I think if you're just starting out a project, I wouldn't suggest to spin up a DAO immediately unless it's a DAO-specific project like X DAO or whatever. NOODLE's DAO or some fan club. If you're working on a startup, which happens to be crypto-powered, I would definitely suggest to figure out your place in the market first, figure out some product market fit before spending too much time decentralizing. Because if you spend all of your time and effort on the DAO piece and your startup ends up failing because it can't find product-market fit, then what's the point? That would be my advice.Brian (26:25):Well said. I want to switch gears here. I know we've been talking a lot about your guys' plans with decentralization over time. I think that's really exciting. You guys also have a number of other product launches though related to Solend. And recently, you guys announced the launch of your isolated pools product. Can you give us a quick overview of what these isolated pools are? I know STEPN has been a big example here. Can you walk us through how end user might interact with some of these pools?Rooter (26:51):An isolated pool is basically a separate pool of assets that can be cross-lent and borrowed. And this is in contrast to the main pool that we have on Solend, which was the first one that we launched with, and every time we list an asset it would go into that main pool. But the problem with that is, if you list an asset with low liquidity that is, therefore, more easily manipulatable, it opens up the entire pool to attack, not just that asset. To take one simple example. Let's say there's some token and an attacker was able to manipulate the price such that Oracle's believe that it's a million dollars a coin, then a user could deposit some of these tokens and borrow millions of dollars worth of assets against it. Millions of dollars worth of USCC, SOL, et cetera, and then just let the price fall back DAOn to say pennies and just walk away with the debt not intending to ever repay it.Rooter (27:50):Basically, yes, you need to be very careful about which assets you list. And everything in the main pool has to be of extremely high-quality, and not manipulable, and not just mintable willy-nilly. If someone could just print an infinite amount and deposit and borrow against it, that's also a big issue that we want to avoid. What isolated pools does is, we can set up these separate pools that we can then list riskier assets. And if there is an issue, it would be isolated to that pool. So we're not saying there's not going to be any issues ever, potentially at some point there would be issues, but users are opting into that risk when they enter into an isolated pool.Rooter (28:30):Some of the interesting things that we've done with these in the past is one, it's called the Turbo SOL pool so it's a pool with only SOL and USDC in it. And basically, since we have only these two really high-quality assets, we're able to increase the loan-to-value ratios for these assets. So rather than being 75%, so you can only borrow 75% of the value against your collateral, here you can borrow 95% which lets you get 10X leverage. So that's a pretty interesting use case. If you only want to leverage trade SOL versus USCC then you're better off using the Turbo SOL pool where you can get higher leverage or you can just have a lower liquidation price.Rooter (29:13):And then the other side is, listing long tail assets. One very interesting one as you mentioned was a STEPN pool. We have this pool where there's GST, which is the token that you earn from walking, and GMT, which is the STEPN governance project token. This has been an extremely popular one where it was growing a lot. The number of users in this isolate pool was our fastest growing for some time. And it opened up some interesting use cases which showcases the power of DeFi and composability. So basically, STEPN just launched their token, they don't have anything to do with lending markets or whatnot, but we are able to just launch that permissionlessly and provide a product for users to use to do a couple of things.Rooter (30:01):One is, they can hedge their entry to STEPN. Rather than paying $500 for a pair of shoes to start walking, you can borrow a bunch of GMT or GST and sell it to US dollars and then buy the shoe with that. And what that does is, if STEPN as a whole doesn't do well, for whatever reason, and the price of its shoes go DAOn, probably the price of GST and GMT is going to go DAOn as well so you end up saving that money since you didn't make such a big upfront investment so you can hedge your entry costs. And another interesting thing you can do is you can borrow GST to level up your shoes and pay it off later so it's level up now pay later. Buy now pay later.Brian (30:49):Buy now pay later but for STEPN.Rooter (30:50):Exactly.Brian (30:52):That's awesome. How have you guys seen this DeFi component fitting in with the general onboarding funnel for something like STEPN? I think STEPN's fairly unique. It brought in maybe a lot of users who weren't familiar with crypto for the first time. Do you see this as something that's more of an advanced feature today or could this potentially, in its own way, be a bit of a gateway drug to onboarding on the DeFi directly getting new users who might not have ever had a wall before to open up wallet and deposit in Solend because of the yields that they see?Rooter (31:24):It's definitely a more advanced feature. Users that use this have to be aware of their liquidation risk and they have to manage that which is pretty tricky and ideally would understand how markets work. What's an order book? Just those basics. I think a lot of people in crypto take it for granted because they've been just breathing it, eating it for breakfast every day for so long, but it does take some time to learn these concepts. The one beginner feature is you could just deposit your GST or GMT and lend it out for yield, that's pretty simple. It's good to understand the risks involved as well, but that's a much simpler product than borrowing against and managing liquidation.Rooter (32:04):And, by the way, the interest rates on GST and GMT were historically extremely high, something like 500% API which made it very exciting. And that definitely brought on a lot of people, which a lot of them were beginners to DeFi, hadn't really used crypto products much but were attracted by those very high yields, especially those that were holding GST anyway because maybe they were saving up for the next big purchase and why not earn 500% API per year?Brian (32:33):That makes a lot of sense. 500% though, I think that starts to ... Maybe some folks who aren't familiar with crypto, that starts stirring a too good to be true. For those who were around in DeFi Summer, that's small fry numbers. I think a natural extension of this concept of an isolated pool gets at something that you guys have hinted a little bit called permissionless pools. Is there anything that you guys can share about this?Rooter (32:58):As I mentioned a while ago, when I was using lending protocols and then DeFi Summer, there are a bunch of things that I wish there were lending markets for. I really wish that I could just list my own, but it's a lot of work to start a whole lending protocol, and get usage, and get network effects, and whatnot. As you mentioned, the natural next step from isolated pools is allowing anyone to list their own. And this has been something that I've wanted to get to for a very long time and so it's very cool to finally be seeing this come to fruition. Basically, quite soon, maybe by the time this pod airs, we're launching permissionless pools, which anyone can list whatever asset they want. I think it's quite a powerful concept since on day one that an asset list gets launched you can have a lending market for it so you can short anything on day one, you can leverage long anything on day one, you can use anything as collateral for a loan on day one, all powered by the community.Rooter (33:57):Going back to isolated pools, we've been launching one isolated pool about once a week, but even then we only have ... Right now we have 40 something assets and around 16 different isolated pools, but it's going to take us forever to list everything in Solana ecosystem, right, there's thousands of tokens. And at this rate of once a week, even though that's a pretty decent rate we're just never going to get to everything. I guess borrowing some lessons from Uniswap, they have permissionless listings and it made sense that they could list everything under the sun without having to spend any engineering time on it.Rooter (34:34):And in contrast to that, centralized exchanges like buying that through Coinbase, they have to spend maybe a week of engineering's time to set everything up, especially if they have legacy systems that are not designed from the start to be rapid listing machines. Coinbase, for example, as a startup, it was only for buying Bitcoin, and then they added Ethereum later on. And then now there's hundreds of assets but it took a really long time to get there, and it takes up a lot of engineering time. In this way, we're able to provide a market for everything on Solana, and we're removing ourselves as a gatekeeper and as a blocker for having these markets.Brian (35:13):That's really cool to hear. I do think that is one of the main selling points of a decentralized protocol like this is just capturing the long tail of all assets in a really efficient way. I think this dovetails pretty nicely too with what you mentioned with this hint at what your guys' plans are for decentralizing long term. I guess looking ahead, what are you most excited to build with Solend? What do you envision is the end state for how Solend fits into the broader Solana ecosystem?Rooter (35:40):One of the big parts that we're encouraging is developer usage. Solend at the end of the day is a platform. We have Sea Tokens that make it extremely easy to integrate with. Sea Tokens are just like any other SPL token that represent your deposit. And basically, we want Solend to be pretty deeply integrated into the ecosystem and be used across various different use cases. Lending is a core primitive of DeFi and it's a building block that should be used as much as possible. I really see ourselves at the base layer of Solana as a primitive that's used in many different other products.Brian (36:21):That's awesome. Well, I think you guys are definitely well on your way to being there. Rooter, this is a great discussion. Thanks for your time. One last question we ask to all our guests. Who is a builder that you admire in the Solana ecosystem?Rooter (36:34):I really admire the Orca team. Yutaro and Grace inspired me to build Solend right at the beginning because ... I knew Yutaro from his Orion days and I knew he was a very talented dev. Seeing him jump into Solana was definitely a factor for me to take a second look at it. If you haven't already had them, I would definitely recommend them.Brian (36:58):Couldn't agree more. We had Orion for I believe our third episode that we launched. They do a really great job of setting the UX bar very high in crypto, especially when it comes to DeFi projects, as you guys do as well. Well, Rooter, this is great. Thanks so much for your time. Where can people go to learn more about you and to learn more about Solend?Rooter (37:18):So for myself, you can follow me on Twitter, I'm at 0xrooter, most active there. For Solend, Solend.fi is the website and Solendprotocol on Twitter where you can find all of our updates. From there you can find all the links to everything else like our documentation and whatnot. Developer, portal, and whatnot.Brian (37:38):Perfect. Thank you, Rooter.Rooter (37:39):Thank you.
Master Trader, Jerry Baldwin joins me to discuss his use of Multiple Time Frame Analysis when mapping out his trades. Regardless of your trading style, understanding multiple time frame analysis lets you see the whole picture, helping you sidestep risky setups and focus on strong ones. Join us live at 2pm PST! #Trading #investing #stocks #crypto #markettiming #futures Sign up for a free, 6 video course on Cryptocurrency here: https://www.tradingacademy.com/crypto/ Contact TraderMerlin: Email – TraderMerlin@gmail.com LinkedIn: https://www.linkedin.com/groups/13930555/ Twitter: TraderMerlin - https://twitter.com/TraderMerlin IG: TraderMerlin - https://www.instagram.com/tradermerlin/ FB: TraderMerlin - https://www.facebook.com/TraderMerlin Live Daily Show: - https://www.youtube.com/TraderMerlin Trading Applications used: TastyWorks, CliK, TradeStation, TradingView
From discussing the meaning of life, to the cruciality of atomic habits, to genuinely aiming to change the world, this week's guest, Michael Gronager - CEO of crypto behemoth Chainalysis - shares fascinating insights.With a valuation of upwards of $8 Billion, following their latest funding round in May this year, Chainalysis is providing critical financial data to enable governments, banks and blockchain companies to understand how people are using cryptocurrency.Drawing comparisons to Google - by indexing the blockchain industry, Bloomberg - through their creation of financial data, and Reuters through their leading content arm, Chainalysis is at the forefront of blockchain companies, already a market leader, with the potential to scale to astronomic levels.Michael dives into his journey, from growing up in Denmark and developing a close early interest in computers, to his academic research, to an epiphanic moment stuck in a typhoon in South-East Asia and all the way to founding Chainalysis. His mentality, fascination with Wabi Sabi and seeking beauty in everything, as well as creating achievable routine habits provide amazing insight into the minds of a true modern tech leader.[ 0:00 - 4:29] Chainalysis & how every company could become a crypto company[ 4:29 - 10:51 ] Timeframe on crypto adoption[ 10:51 - 16:01 ] Chainalysis user cases[ 16:01 - 18:32 ] Bridging law enforcement and the unregulated world of crypto[ 18:32 - 21:39 ] Size and scale of Chainalysis[ 21:39 - 25:19] Raising money in a bear market[ 25:19 - 27:43] Taking inspiration from Google and Reuters[ 27:43 - 32:17 ] Remaining calm and maintaining perspective [ 32:17 - 37:32 ] 2 miles runs every morning and home-made cortados [ 37:32 - 40:23 ] Finding beauty in everything[ 40:23 - 43:01 ] Michael's Mana[ 43:01 - 46:17 ] An early fascination with computers and building things[ 46:17 - 52:07 ] Wanting to change the world[ 52:07 - 54:43 ] Finding the meaning of life at Bangkok airport [ 54:43 - 56:01 ] Who is Satoshi?[ 56:01 - 1:00:04 ] The Chainalysis Founding Story[ 1:00:04 - 1:05:47 ] Turning Chainalysis from an idea into an empire[ 1:04:41 - 1:07:58] Principles around culture[ 1:07:58 - 1:13:03 ] Winning talent, mentality as king and furthering careers[ 1:13:03 - 1:18:09 ] The Hollywood scenario for Chainalysis[ 1:18:09 - 1:23:13 ] Considering Space & Michael's approach to problem-solving[ 1:23:13 - 1:26:04 ] Advice for a bear market
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Bereavements leave is often in the region of three to five days, but there is no legal reqirement for companies to offer it. Andrea was joined by listener Edel, who lost her husband not to long after the death of her mother.
The four major timeframe windows for investing. Working out what's right for you will be very different from the next person. We'll explore the pros and cons of different investing approaches to help you choose what could be the best fit for you. Subscribe to our Channel: https://www.youtube.com/channel/UCfmaldKMEUc5qXeIQ7zEBeA?sub_confirmation=1 3 Day Wealth MasterClass: https://www.wealthmasterclass.com.au/ FREE Online Training with Andrew Baxter: https://bit.ly/cod-online Subscribe to Money and Investing Podcast: http://www.moneyandinvesting.com.au/
Molly Elmore is a seasoned analyst, investor, and business coach who is committed to showing women how to become skilled in the world of crypto & NFT investing. As a graduate of Cornell University in Statistics, Elmore had a 20-year career in digital advertising research, giving her a wide breadth of knowledge in the realm of economics and the online space. Show Notes:Uncertain how current world events add up? Confused why crypto matters and why everyone is talking about it? Today I welcome Crypto Coach Molly Elmore to the podcast. In this episode, Molly breaks down the value and potential of crypto currency and blockchains that's accessible for beginners. She discusses the problems with giving a central government too much power as well as recommending some illuminating reads about the Federal Reserve and Bitcoin. Listen to this episode now to learn tips on how to prepare for the upcoming radical economic shifts. In This Episode, You'll Learn:How Central Banks Like the Federal Reserve OperateThe Future of Crypto and BlockchainsThe Problem with Universal Basic IncomeThe Danger of Vaccine PassportsRecommendations:The Creature From Jekyll Island: A Second Look at the Federal Reserve by G. Edward GriffinThe Bitcoin Standard by Saifedean Ammous Find More of Molly Elmore Here:https://firstname.lastname@example.org on Instagramhttps://cryptocougars.io/ Full Episode Timestamps:0:01:20 Molly Elmore's Financial Background0:05:16 What Is the Federal Reserve?0:07:46 The Financial Cycle with the American Federal Reserve0:09:54 Gold-Backed Currencies and the Manipulation of Gold Prices0:14:17 The Manipulation of Crypto0:16:20 The Mystery Behind Bitcoin's Founder0:20:51 The Biggest Issue with the Global Economy Right Now0:24:26 The Future of Blockchains for Payment0:26:25 What is ISO for Crypto?0:28:14 Why is Blockchain Different Than the Internet?0:33:05 The Possibilities with NFTs0:36:14 Food Shortages, Supply Chain Issues, and Central Banks: How Are They All Connected?0:42:33 How Vaccine Passports Can Be Manipulated By Central Entities0:47:03 Will the Dollar Come To an End? What Is the Timeframe?0:53:58 What Will Future Tech Look Like 5 Years From Now? 10 Years?0:56:01 Action Steps the Average Person Can Take To Prepare1:02:29 Favorite Alt Coins and Exchanges to Buy Them
Should you put a time frame on your weight loss goal? YES...BUT! Give a list first.Are you ready to stop starting over every Monday & lose up 15-20lbs in 90 days without giving up pizza or ice cream? Click here to apply for 1:1 coaching to help get you there! Where I will teach you how to finally say consistent, lose the weight for the last time, and do it all through the habit & mindset shifts that I implemented into my own life to help me lose and maintain 70+ pounds. But if you aren't here's FREE GUIDE: 6 ways to finally stay consistent & reach your goal to help you until you are ready. One last thing! Let's be sure we are connected over on Instagram! You can find me @emilysamp_ be sure to come tag me when you share the podcast and come say hi!
Most people think investing in real estate sounds appealing, but coming up with a large chunk of cash can be scary. If you don't have that kind of money lying around, it's easy to write off real estate investment altogether. But what if there was a way to invest in real estate with little or no money? In this episode of the Passive Investing Show, J and Ashley are joined by Matt Rodak. They talk about crowdfunding, how it works, and how you can use it to finance your next investment. Here are some power takeaways from today's conversation: Choose the right capital. Build and diversify your portfolio. Manage risks. Structure your pricing carefully. Be open to learning. Episode Highlights: [08:45] Criteria for the Loan They are focused on the single-family asset class and investors who are experienced in scale-up. Usually, they will finance about 85% of the project's total cost to leave the customer some skin in the game. When structuring the loan, manage risk by considering: What is the person paying for the house? Are you buying it right? What's their scope of work? Are they renovating it? What will the ARV be? What will it sell for once it's finished? [12:44] Timeframe of an Investment They try to match the term of the loan and investment to a reasonable amount of time to complete the project. An extension period can be built in. [19:46] Investment Returns Duration and rate may correlate. Because they use general solicitation, they can only take on accredited investors. While there is a loss of principal risk, there is a high probability that they will get most of your money back, but it may take longer than intended. [27:33] Distributions and Taxes Distributions are made monthly. Principal gets returned at the end of the project or maturity date. At the end of the year, their clients will get a 1099-INT from them. [34:20] Matt's Predictions and Advice There's a good legislative framework around crowdfunding. But inflation could affect the strength of the consumers and businesses. Never try to be the smartest person in the room. Always surround yourself with people with different knowledge and perspectives so you can keep learning. Notable Quotes from the Episode: [09:29] “It's like small business lending. And we just happen to have collateral on the back end.” [20:28] “That pricing is going to flow through to our passive investor base based on a number of different criteria that we're looking at, ultimately price for the risk.” [35:40] “Try to never be the smartest guy or gal in the room.” Resources Mentioned: Fund That Flip email@example.com The Passive Investing Show
One crypto analyst is comparing Bitcoin's price action to one traditional stock to predict what's next for BTC after a rocky last two months. “Short and succinct, not financial advice, of course, everything mean reverts unless it's a piece of crap or it's broken. Tesla has held up well during the correction and recession incredibly well. While I believe Tesla will hit $1,200 in the next six to 12 months, which is slightly less than double, I also believe Bitcoin could potentially triple in the same timeframe. Six to 12 months, which takes out to summer 2023 and that's very, very conservative." Learn more about your ad choices. Visit megaphone.fm/adchoices
In today's episode, I'm having a chat with an old friend, Anthony Tran. He's a senior migration agent with Kingsbridge, and has excellent insights to give us on why people are looking to move to Perth and what sort of impact this may have on our property markets. Together, we talk about why people migrate to Australia and specifically to Perth, how long the migration process might take, where migrants are mainly coming from, typical buying and renting patterns, Anthony's predictions for the migration levels over the next few years, and a whole lot more. We've got lots of interesting things to cover, so let's go inside! Resource Links: See how Anthony Tran can help with migration (https://kingsbridgeeducation.com.au/teacher/anthony-tran/) Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors) Join Jarrad Mahon's Property Investor Update (https://www.investorsedge.com.au/join) For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/) For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/) Get Jarrad's strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/) Episode Highlights: Intro [00:00] Anthony's Sales Background [00:48] Anthony's Duties and Responsibilities [03:25] Why do People Migrate to Perth? [07:15] Migration Process and Timeframe [12:50] What is FIRB? [15:42] What Do Migrants Usually Do? [17:11] Why Migrants Choose Perth Over Other Capital Cities [20:34] What Countries Are Migrants From? [24:42] Predictions for Migration Levels in the Coming Years [25:37] Outro [29:12] Thank you for tuning in! If you liked this episode, please don't forget to subscribe, tune in, and share this podcast. Connect with Perth Property Insider: Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw Like us on Facebook: https://www.facebook.com/investorsedge About Our Guest: Anthony joined Kingsbridge in October 2020, having operated his own practice for more than 6 years. He has been a Registered Migration Agent since 2015, where he is currently completing his Bachelor of Law (LLB) at Murdoch University. Anthony worked closely with foreign investors, stemming from his time working in Beijing, China. Having never looked back; he has successfully assisted investors in the South East Asia region by providing a high standard of service to his clients while simplifying their complex matters. With his experience in various areas of Immigration Law, Anthony has been successful at the Administrative Appeals Tribunal for matters ranging from student visas to employer-sponsored and partner visas. As a proud first-generation Vietnamese immigrant, Anthony understands the importance of the immigration program and has contributed not just to his family but also its core role in building Australia as a nation. He is registered with the Office of the Migration Agents Registration Authority and is a member of the Migration Institute of Australia and Migration Alliance.See omnystudio.com/listener for privacy information.
Join Tom Corless for a news recap focused on Disney parks and resorts around the world. WDW News Today is released every Monday, Wednesday and Saturday on our YouTube channel. Join Tom Corless for the latest news from Disney parks around the world. All this and more Disney Parks information and fun await you this...
In this episode of the Outbound Sales No Fluff Podcast, Ryan is joined by Jake Alba and Dan Bigelow from Sandler Training Utah for a live cold call session. Dan is on the phone with a prospect whose company is in the process of being sold in the upcoming months. The prospect mentions that he will likely be retained as a general manager so he requests for an email to get a callback in September. At the end of the call, Ryan provides feedback to cut that waiting time in half. Connect with Ryan on LinkedIn:https://www.linkedin.com/in/salesdevelopmentrepresentative/ Connect with Dan on LinkedIn: https://www.linkedin.com/in/dan-bigelow-80a43348/ Connect with Jake on LinkedIn: https://www.linkedin.com/in/jake-alba-b9b54a40/ To order a physical copy, download on your Kindle or download the Audiobook, go here! -->https://www.amazon.com/Outbound-Sales-Fluff-millennials-something-ebook/dp/B077Y49KF4
#RAPTURE: URGENT RAPTURE WARNING! - JESUS IS COMING SOON! - WE ARE LIVING IN THE END TIMES! - GET ON THE ARK! Red Heifer Article Link: https://www.israel365news.com/270956/christians-help-jews-search-for-red-heifer-to-reinstate-temple-service/ The Rapture & The Great Day of His Wrath!! End times prophecy, and rapture talk. 1 Thessalonians 5:9 For God did not appoint us to wrath, but to obtain salvation through our Lord Jesus Christ, Romans 10:9-13 If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved. As Scripture says, “Anyone who believes in him will never be put to shame.” For there is no difference between Jew and Gentile—the same Lord is Lord of all and richly blesses all who call on him, for, “Everyone who calls on the name of the Lord will be saved.” #Rapture #EndTimes #TheRapture --- Send in a voice message: https://anchor.fm/thedayofthelordisnear/message
Gary Vaynerchuk is a serial entrepreneur and serves as the Chairman of VaynerX, the CEO of VaynerMedia and the Creator & CEO of VeeFriends. Now Gary is a content machine and documents his life as a CEO daily through his social media channels which have more than 34 million followers and garnishes over 272 million monthly impressions/views across all platforms. He is also a five-time New York Times Best-Selling Author and is a prolific angel investor with early investments in companies such as Facebook, Twitter, Tumblr, Venmo, Snapchat, Coinbase and Uber. If this was not enough, Gary serves on the board of GymShark, MikMak, Bojangles Restaurants, and Pencils of Promise. In Today's Episode with Gary Vaynerchuk We Discuss: 1.) From Wine Library to One of The Great Angels in Tech: How did Gary make the transition from scaling the wine library to $60M in revenue to angel investing in Twitter, Facebook and Tumblr? To what extent does Gary think luck plays a role in one's success today? What are Gary's biggest lessons from having FB, Twitter and Tumblr as his first investments? How has his style of angel investing changed over time? 2.) Hard Lessons Learned and Insecurity: What is the most painful lesson Gary has learned that he is also pleased to have learned? How did Gary's relationship with his father impact how he engages with his children as a father today? What are Gary's biggest insecurities today? How does he try and combat them? What works? 3.) Money and Success: How does Gary evaluate his relationship with money today? How has it changed over time? Why does Gary believe that most people think too short-term? What can one do to inspire a more long-term mindset to building? Does Gary believe that everything has a price? What is the one thing for Gary that does not have a price? 4.) Resource and Time Allocation: How does Gary determine the projects to do vs not to do? How does Gary know when to quit a new project? How does Gary advise founders on when something is not working and knowing when to quit? What are some of the biggest mistakes Gary sees founders make when it comes to resource allocation in the early days?
Saving up for retirement doesn't always mean working double shifts or having other jobs. Sometimes, all you need is knowledge on how to use your retirement funds to build a new source of income - rental properties. In this episode, Brendan Walsh joins me and discusses how you can use your retirement funds as an investment for a rental property. Stay tuned! Key Takeaways: [02:34] Getting to know what Rocket Dollar is and How did Brendan start working with that company? [06:33] Two types of IRA and how it can affect your desire to start real estate investing. [10:46] Timeframe of when you'll get access to your IRA funds [14:45] Brendan discusses the structure of Rocket dollar's services. [25:22] Does Rocket Dollar provide advisory services? What are factors that may affect a good deal? [37:15] Is there a secret in choosing properties that will provide massive equity and long-term revenues to you? [39:36] Brendan elaborates on prohibited transactions and the importance of practicing diligence with IRAs. Guest Resources: Website - https://www.rocketdollar.com/ LinkedIn - https://www.linkedin.com/in/brendanmatthewwalsh Show Links: Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals Living Off Rentals Website - www.livingoffrentals.com Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Today I chatted with Jake Marmulstein the Founder, President & CEO Groundbreaker Technologies.In his current operating role, as the Founder, President & CEO of the Real Estate Investment Tech SaaS company, Jake has made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed-round of financing, and continues to grow the company. Jake received his bachelor's degree from Cornell University, where he emphasized hospitality and minored in real estate.Episode Spotlights- What gave birth to Groundbreaker Technologies- How could you streamline and save time with the product- Timeframe to have your data organized in the software- Features and Benefits of the software Book Recommendations- The Millionaire Next DoorConnect with Jake:Email: firstname.lastname@example.org Linkedin: https://www.linkedin.com/in/jakemarmulstein/ Website: https://www.groundbreaker.co/Grab your freebie - Tips for Multifamily Investing at www.ushacapital.comFound this episode insightful? Show us some love by spreading the word on social media or rating and reviewing the show here - https://podcasts.apple.com/us/podcast/multifamily-ap360/id1522097213Follow Rama on socials!LinkedIn | Meta | Twitter | InstagramConnect to Rama KrishnaE-mail: email@example.comWebsite: www.ushacapital.com
Today we are joined by Strat Soldier who shares his screen and shows example reversal patterns, timeframe continuity, and how to use price action to create high confluence trades!@CyberDog2Checkout The Strat Watch This Episode On YouTube-A Big Thank You To Our Sponsors!Pennies Going In RawTrade AriesLast Bottle Wines (Code PENNY10)Tradewell-Follow our socials!Blayne's Twitter @penny_lane_BBMShow's Twitter @pennylanepodInstagram @pennylanepodTikTok @pennylanepod-MERCH
Manny grew up in Foster Care. He had a rough go of it initially, and eventually found his forever family, yet self-doubt and trying to figure out life was still hard, for many reasons. Manny overcame these things through a MENTOR, FAITH, and ENTREPRENEURSHIP. He shares that 2/3 of kids that age out of foster care end up in prison, dead, or homeless within a year. His LIFE MISSION is to change that. He started a school, called MANNYFESTATION, where he connects business leaders to people around the world, including kids that age out of foster care, or are just getting started in life or business. In this episode he shares his story and shares how the three things that helped him have become the cornerstone in helping over 30,000 students in 85 countries through his school, the MANNYFESTATION School of Business. The unique business model he created brings successful business people together with people just starting out. He has gamified business school and provides these services for free to people all over the world through SERVING OTHERS. Another arm of his business is NETWORK of INFLUENCE where he brings leaders in to learn from each other. Learn why Manny believes and lives by the motto, “I'M TOO BLESSED TO BE STRESSED!” and how you can apply these lessons in your own life. In this session you will learn: How to use EASY, EXCITING, and EXPERIENCE to create your brand How focusing on Audience, Results, and Time Frame helps you serve others Why SERVING your way to SUCCESS really works How God answers prayers When to shift and pivot, while staying morally grounded You can reach Manny through texting 714-369-8528. If you would like access to his platform and 20+ free gifts, text the word: GIFTS.
Solo agent- April it will be 9 years as real estate agent, 440+ deals, $105+ Million in production. [FREE Online Masterclass Training] The 3 Step Lead System To Close Your Next 6 Figures in GCI (From Leads You've Never Met)
If you insist on a TIME FRAME for WHEN it's going to happen, and a METHOD of HOW it's going to happen, you're going to be frustrated. Krishna's ‘s ways are not our ways. He's working when we can't see it. Sometimes it's taking longer because He has something BETTER in store. One of the […] The post Release & Rest appeared first on Radha Krishna Temple in Utah.
A renovation scope of work is an essential tool for restoration project management. If you want to improve your home, here are some techniques and concrete ideas to give you an edge. EPISODE HIGHLIGHTS: [1:34] New feature release: What's Your Reno Question? [3:30] What is the renovation scope of work? [4:25] Importance of the scope work checklist [6:09] Three main sections to the renovation scope of work [6:42] Outlining the renovation project [7:49] Talking about the communication details [8:40] Timeframe of the renovation project [9:15] Setting the standard of renovation work on your project [9:53] Documentation you need for the project [10:29] How to deal with waste [11:40] Work details that trades need to cover [15:20] The Newcastle Class project update She Renovates Facebook Group If you're sitting there thinking I wonder and have a question to ask head over to our free She Renovates Facebook Group. You will find over a thousand crazy renovators who just love talking, renovating and would love to answer your question.
You're almost there! Your prospect loves what you have to offer and they want to see a proposal. A proposal will either make or break a supposed closed deal and so it's imperative that you know what to do when structuring and presenting your proposal to clients. In this podcast episode, Matt and I give you the dos and don'ts of structuring your proposals to ensure your deal is set up for success from start to finish, whether you're in B2C sales or in a more complex selling environment like B2B. If you're wary of sabotaging your deals because of the way you've structured your proposals, we highly recommend that you listen to the entire episode. In this episode, we cover: [0:00] Introduction [2:27] The first rule for structuring proposals [3:24] What to ask if a prospect asks for a proposal [4:02] The second rule for structuring proposals [6:31] Are quotes the same as proposals? [7:05] The value should outweigh the cost by 10x [7:34] Give three options prospects can choose from [9:34] Where to put the price in the proposal [11:46] Where should I present a proposal? [14:29] Timeframe for presenting the proposal [16:27] Successful vs. unsuccessful proposals [26:28] Three-step structure to follow ✅ If you're looking to take your sales to the 7th level, book a “Clarity Call” below and let's see if you're a good fit for our sales training program!
This week we will be discussing how soon is too soon when getting engaged. Should people wait a certain amount of time before taking it to the next step? --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Work in ReverseThe first step is to work in reverse. Instead of starting with what you have to do, start with what results you want.? Ask yourself what actions you need to make to create those results? Once you have a clear idea of that, you can start mapping out how to get there. So what does that look like in 5 steps?Here are five simple steps to reverse engineer your goals to reset your mindset: 1. Start with what you want2. Ask yourself how to get what you want - List the Actions Necessary to Achieve the Goal3. Assign a Time-Frame to Each Action4. Create a Schedule for Completing Each Action5. Check off Completed ActionsReversing the process of how to create something can be beneficial when it feels like you have too much on your plate and not enough time. We have to take a moment to breathe and plan that won't overwhelm or paralyze us. In other words, this is how we approach resolution as opposed to starting with where we are now or how we got there in the first place.- Working backward can help us make more manageable plans for what's next because it costs us less mental energy than trying to figure out how to take care of everything at once - We're able -rather effortlessly instead-to identify the most important tasks on our list, work through them one by one, and trust that the rest will fall into placeControl What You CanThe second step is to take control of what you can. This means being mindful of your thoughts and how they impact your emotions and actions. It's easy to get caught up in a negative thought spiral, but it's important to remember that you have the power to choose how you react to things. You can't control everything in life, but there are certain things that you do have power over. Choose your attitude, how you spend your time, and the words that come out of your mouth - these are all things that YOU can control. Make a conscious effort to focus on the positive and let go of anything negative that's dragging you down. If something negative happens, don't dwell on it - focus on what you can do to fix the situation. - You can't always control what happens to you, but you can control how you react to it - When you focus on what you can control, it empowers you to take action and make positive changes - Negative thinking leads to negative actions, so make a conscious effort to focus on the positiveSpeak PowerStep three is to speak power. This means being intentional with your words and how you use them. The things you say to yourself greatly impact how you feel, so choosing your words wisely is important. When you catch yourself thinking or saying something negative, stop and reframe it in a positive light. For example, instead of "I'm such a failure," try "I'm learning and growing." - Your words have power, so use them wisely - Reframing negative thoughts and statements into positive ones can help shift your mindset - The more you speak positive words into your life, the more you will believe them. - Instead of beating yourself up, be kind and understanding - remember that everyone makes mistakes!If you are looking to build a daily habit of being more intentional, head over to www.totalfitbosschick.com/onedayatatime and download the free digital planner template.Live Without RegretsThe fourth step is to live without regrets. This means making peace with the past and living in the present. Make choices that align with your values and what you want in life. If you make a mistake, learn from it and move on - don't dwell on it or let it hold you back. It's easy to get caught up in what could have been, but it's important to remember that you can't change the past. What's done is done, so focus on what you can do now to make your future better. - Don't dwell on the past - focus on the present and how you can make positive changes - Living with regret only holds you back from reaching your full potential - Learn from your mistakes and use them as motivation to move forwardBe Growth-MindedThe fifth and final step is to be growth-minded. This means viewing every problem as an opportunity for growth and success. Instead of seeing obstacles as roadblocks, see them as challenges to overcome. No one is perfect, and everyone makes mistakes - but it's how we learn and grow from those mistakes that counts. This mindset shift can make a big difference in how you approach life. - Viewing problems as opportunities can help you stay positive and motivated - It's important to remember that obstacles are only temporary - you can overcome them! - Having a growth mindset means that you're always learning and improving, which is an empowering feelingResetting your mindset is a process, but it's worth it! These five simple steps can help you get on the path to success. Remember to be patient with yourself and take things one step at a time.By following these five simple steps, you can reset your mindset and get what you want in life - no perfection required! Just remember to take things one step, one day at a time so be patient with yourself. Growth takes time, but it's so worth it in the end. Work less. Live more. Focus on What Matters.With the FREE Digital Download Planner Template www.totalfitbosschick.com/onedayatattimeWhat are some other ways that you reset your mindset? Let me know in the comments below! And don't forget to share this episode with anyone who might need a little inspiration. :)
What is the Best Time Frame Chart to Trade?Podcast: Find out more about Blueberry Markets – Click HereFind out more about my Online Video Forex Course - Click Here#451: What is the Best Time Frame Chart to Trade?In this video:00:26 – The best time frame chart to trade?01:31 – Even more time frame charts now available on MT502:08 – How I analyse the market each week03:14 – Trade only at the close of a candle03:42 – Trade at 5pm EST New York Time04:21 – Where is the best candle pattern showing?05:25 – Have a look at Blueberry Markets when looking for a broker06:35 – Subscribe and share this videoWhat's the best timeframe chart to trade? You've got so many options now, and it can be very confusing, so let me help you with that and more right now.Hey, traders, it's Andrew Mitchem, here at The Forex Trading Coach with video and podcast number 451.The best time frame chart to trade?And I get asked the question every week, "Andrew, what's the best timeframe chart to trade?" And that's it. People get very confused. They want to know the best. The answer is really there is no one best timeframe. But as a trader, I believe that you need to look at multiple timeframe charts.Now, the issue that a lot of people have is they might be seeing a potential buy trade on one timeframe. And you might have seen a down trend and the trend looks like it's reversing. The market looks very oversold, and you're thinking, "I'm looking for opportunities here to buy it back up again." And that may be on, let's say, a one hour chart. And then you go to a four hour or six hour daily chart, and it's clearly in a down trend. And you're going, "Oh, but I'm now looking at this being overboard and it looking like it's going to fall. But when I click through to a different timeframe, it looks like it's going to start rising." And that complete confusion and you're not really sure what's happening in the market.Even more time frame charts now available on MT5And I suppose now with MT5, if you're on MT5, you now have the option of far more built in timeframe charts that MT4 never offered. As an example, you can trade two hour, three hour, 6, 8, 12 hour charts that on MT4, they were never there a standard timeframe charts.And so potentially this leads to even more confusion for people because they got even more timeframes to scan through and you can even go down to the number of minutes on MT5 as well. By the way, I suggest that you don't trade anything shorter than a one hour chart ever. It's just not worth it.So you can see the confusion that people have there.How I analyse the market each weekSo for me, when I analyse the market each week, at the beginning of each week, I go through the weekly charts and I look at the anticipated strengthen and weaknesses on different currencies and the currency pairs. In other words, where I'm seeing on the bigger timeframe, likely movement up or down for that week. I do the same each day based off the daily charts as well. So I say that within the day, the next 24 hours, the euros looking really strong and the U.S. is looking really weak. Therefore, the Euro, U.S. dollar, I'm anticipating it's going to go up. Doesn't mean to say, I'm just simply taking a buy trade, but it means to say that I'm preferring buy trades if I see them.
00:00 How to Prepare Your Amazon Business to Sell00:18 Introduction of the panel, Don Henig - Co-Founder, AccrueMe01:55 Greg Elfrink - Dir. of Marketing, Empire Flippers03:45 Tyler Jefcoat - CEO, Seller Accountant05:05 Steven Pope - Founder, My Amazon Guy06:40 Why would somebody sell their Amazon FBA business?08:58 When should Amazon sellers start thinking about funding?21:26 How do people now transfer accounts or Brand Registries?25:18 Any particular niches that are doing well or sought after29:08 What accounting errors can kill deals and how can I fix them?35:20 Timeframe of getting these things ready before exit45:14 If you're working w/ a broker and not seeing any activity or inquiries, when or can you switch to another?48:56 How much liquidity do Empire Flippers have?51:30 Key mistakes made when trying to exit the businesses59:38 The Asset Flywheel concept1:04:10 When does it makes sense to take on outside investors1:11:35 Any complications selling FBA business structured outside the USHow to grow your business (and how it affects valuations)Best ways to spend money with funding from organizations like AccrueMe?What to keep in mind when preparing your business to exit?What you could do with the capital after selling your business? (the "asset flywheel" concept)How is return on capital changing the appraisal formula and how can I optimize it?How can I get ready for due diligence in advance to make a tough process as easy as possible?Explanations on how to maximize processes to scale businesses (provide anecdotes and experienced shares)What is the most money you ever lost on your business?Can you transfer brand registry to another account?Can you transfer ASINs to another account?What are the core basics every Amazon account needs to focus on for growth?Are inventory lab or similar PL reports sufficient for an exit?Do I need a certain entity structure to sell an FBA business? US Corp docs needed? Are NDAs standard and when?What needs to be prepared for COGS?Do you typically sell the entire entity or just the assets? Can you transfer an Amazon account?Can I start a new Amazon business after selling? Do acquirers purchase all of my inventory at cost? What happened to receivables? What if I have loans or outside investors? Mistakes we've made in selling businessesHow can I increase the value of my business now for the best exit?What are the different financing options for Amazon Sellers and if I'm looking to sell in 6-24 months is one better than others?What do I need to consider before I sell if I have outside investors?How does AccrueMe operate without charging interest?When should people think about taking on funding?Broker question. if you are working with one and are not seeing or receiving any activity/inquiries, when should you or can you switch to another? Is it normal or common? Thank you.What kind of niche should I select and how to get a valuable backlink?Mustapha asked: Are buyers mostly interested in businesses that they don't need to spend a lot of time on or are they looking to work in the business?Brian asked: What do you find as a better selling POV? Name brand? Private brand?Join our Channel to get early access and say thanks to Steven Pope for putting out all the content: https://www.youtube.com/channel/UClUSEsDS2sdgNJfCcCM_5Uw/joinSupport the show (https://www.paypal.com/paypalme/myamazonguy)
In this episode, Alan Dunne is joined by Chris Schelling, Chief Investment Strategist at Venturi Private Wealth and author of the book “Better Than Alpha”, to discuss asset allocation and how assets are managed in the private space vs institutional space, about disrupting the 60/40 model and formulating a new standard, the evolution of the industry over the years, the role of liquidity in asset allocation, the use of Alpha and Beta in investment, what it takes to be a skilled manager and the risk of manager selection. ---- In this episode, we discuss: How are assets managed in the private space vs institutional space Biases in asset allocation and how to overcome them. Using Alpha, Beta and other investment strategies Due diligence and things to avoid in the process The risks of manager selection and what it takes to be a good manager. ---- Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to firstname.lastname@example.org And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Alan on https://twitter.com/alanjdunne (Twitter). Follow Chris Schelling on https://www.linkedin.com/in/christopher-schelling/ (LinkedIn) & https://www.amazon.com/Better-than-Alpha-Capturing-Changing/dp/1264257651 (read his book). Episode TimeStamps: 00:00 - Intro 03:23 - About Chris's background and his role at Venturi 12:45 - Disrupting the 60/40 model and formulating a new standard 17:54 - How the industry has evolved over the years 21:56 - Is private equity less risky? 23:43 - Is liquidity being more or less valued as it should be? 27:39 - Alpha, Beta and mapping strategies into categories 32:37 - Dispersion and persistence of returns 36:30 - How to set objectives and make decisions 40:14 - Overcoming biases 44:20 - Dealing with randomness 47:33 - Important skills managers need to have 54:29 - Timeframe for analysing a manager's performance 57:46 - Things to avoid in the due diligence process 01:00:14 - Risks within manager selection 01:03:00 - How much experience do you need? 01:05:09 - Advice for working with asset allocation and manager selection 01:06:12 - Book recommendations Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey: 1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 2. Daily Trend Barometer and Market Score One of the things I'm really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! https://www.toptradersunplugged.com/resources/market-trends/ (Click Here) 3. Other Resources that can help you And if you are hungry for more...
Listener Jennifer asks whether to take the April LSAT and apply for Fall 2022 admission or to take the June LSAT and apply for Fall 2023 admission. The short answer: neither. Nathan and Ben advise students not to select an official test date before their practice test scores indicate that they're ready. Email email@example.com with questions or comments.
In the last two weeks Órpheus has been going to open mic nights around the city. Funny enough Astral Lounge Studios was hosting an open mic night. Órpheus decided to pop up and sing three songs. After the 12 minute performance I decided to show case a very special moment between a special guest and I. In the catalog of Astral Lounge Studios lied a prized possession. A piece of the wonderful interview with Эмилия. That special moment was when I asked my guest Эмилия a very esoteric question. This was her response. Timeframe of this episode. 12 minute set by Órpheus followed by a moment in time which includes a cut recording from episode 11 Feat. Эмилия. Enjoy. - León Serrano --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Before answering questions on market direction, it's helpful to start by defining your time frame. Mark Newton of Fundstrat Global Advisors gives his outlook in the near-term as well as longer-term trends among different sectors. While it's good to have expectations, you can't ignore signals that you're wrong. He also gives an overview of energy, healthcare and industrials including Deere (DE), Pfizer (PFE), and SPDR Oil&Gas Expolorers&Producers (XOP). For the video version, visit investors.com/podcast.
Aaron Hale, a 14-year veteran, military chef, and Explosive Ordinance Disposal (E.O.D) team leader has overcome all odds. From the moment a blast robbed Aaron of his vision in Afghanistan to years later when he lost his hearing, he refused to accept defeat. Not letting his injuries hold him back, Aaron became an EOD instructor, motivational speaker, mountain climber, white water kayaker, and marathon runner. Highlights of the Episode: 02:10 - Background about Aaron Hale 05:50 - From Navy to Army 06:40 - EOD Bomb Squad life 10:00 - Unseen IED Explosion 12:30 - Recovering from the incident 14:20 - What the blast looks like 16:28 - Timeframe of recovery 19:05 - New Life as a Blind Man 24:33 - Contacting Meningitis 25:45 - Getting the Right Mindset 26:19 - Figuring out 30:49 - How Can I Mindset 31:30 - Defining Purpose 33:55 - Would you change anything 36:29 - Slacker to Challenging yourself 39:35 - Beginning of Extra Ordinary Delights 45:50 - Possibility of Seeing 48:25 - Words of Wisdom Notable quotes from the Episode: "That moment I decided that if I'm gonna be a blind man, I was gonna be the best (damn) blind man I could be." "I found this new passion for finding new challenges and from being that slacker into constantly finding new ways to push my abilities to challenge myself... and then I realize I wasn't saying someday anymore, I was saying this day I was good, do it. And it changed everything." "Going blind is really, really hard but I figured it out. At least I was figuring it out." "My experiences (like everybody else) are gifts we need to share for others... the story of your struggle could be the blueprint for somebody else's survival." Connecting with the Guest Website: https://eodfudge.com/ Email: firstname.lastname@example.org Instagram: https://www.instagram.com/eodconfections/ Twitter: https://twitter.com/eodconfections Facebook: https://www.facebook.com/EODconfections/ Connect with our growing community: Facebook: https://www.facebook.com/gobundance LinkedIn: https://www.linkedin.com/company/gobundancegbl/ YouTube: https://www.youtube.com/user/GoBundance Twitter: https://twitter.com/GoBundance Tiktok: https://www.tiktok.com/@eodconfections?lang=en Subscribe to our GoBundance Podcast: Soundcloud: https://soundcloud.com/gobundance-podcast Apple: https://podcasts.apple.com/.../gobundance.../id1110145229 Stitcher: https://www.stitcher.com/show/grab-life-big-podcast Not a millionaire yet but want to be a part of our ecosystem? Check out EMERGE by GoBundance. Enroll Today! https://www.gobundance.com/emerge
Contact us if we can serve youFind many other resources like this one on practicalshepherding.comSupport us financially with a tax deductible gift(2:00) The details of Jim's Sabbatical (08:15) Timeframe of unplugging during your sabbatical(15:05) What was your sabbatical routine?(17:53) How did you refresh physically?(24:22) How did you refresh mentally and emotionally?(26:12) How did the Lord meet you in your rest?(29:30) Would you encourage others to take a sabbatical?