Podcasts about Vanguard

Welcome back to Word Balloon! Today, we're diving deep into the Star Trek universe with one of its most accomplished storytellers — David Mack. You know his work from the Deep Space Nine episodes “Starship Down” and “It's Only a Paper Moon”, two fan-favorite installments that captured the show's emotional depth and moral complexity.Since then, Mack's become one of Star Trek's defining novelists — the author behind landmark books like Destiny, Vanguard, and Control, and now, the brand-new Strange New Worlds novel, Ring Of Fire. We'll talk about how David approaches writing for different eras of Trek, what it's like balancing the optimism of Strange New Worlds with the grittier tone of his earlier work, and how he helped expand Star Trek's literary canon into something as rich and compelling as the shows themselves.Plus, we'll get into his latest creative venture — co-writing the Star Trek: Khan audio drama, exploring the rise and legacy of one of the franchise's most fascinating villains. It's a fascinating look at a writer who's helped shape Star Trek across television, novels, and now audio storytelling. So grab your communicator, set your phasers to “listen,” and join me as we boldly go into the creative mind of David Mack — right here on Word Balloon!

The group frames 2025 as a “crab market” year that forced a psychological reset: ETFs, institutional interest, and political tailwinds can coexist with long sideways price actionBrandon's Bitcoin moment of 2025 is “Bitcoin becoming boring,” arguing that social and political resistance has faded, with zero “Bitcoin obituaries” as a symbolic indicatorJohn's Bitcoin moment of 2025 is the US Bitcoin strategic reserve executive action as a long-arc legitimacy milestone, even if it didn't catalyze price immediatelyOverhyped 2025 narratives include the strategic reserve as a near-term price catalyst, DOGE-style government “waste cleanup,” and the idea that “hundreds of MicroStrategy clones” would rapidly scaleQuietly important 2025 developments include older coins distributing to new holders, steady growth in non-leveraged corporate treasury adoption, and “sticky” wealth-platform channel dynamics (Vanguard and broader advisory adoption)Cultural moments highlighted include “Paper Bitcoin Summer” and the “Great Creatine Awakening,” with a forecast that “four-year cycle is dead” memes will dominate once a new all-time high arrives“Bitcoin-adjacent circus” talk shifts to crypto-friendly legislative/regulatory theatrics and a 2026 concern: prediction markets and “trade everything” pushing 24/7 speculation into equities and daily lifeThe most embarrassing fiat moments center on obvious government fraud and the contradictions of central banking narratives (including officials critiquing “intrinsic value” while managing fiat debasement) and symbolic milestones like phasing out the penny“Main character” is debated: the group leans toward the idea that leaderlessness is a feature, but names surface including Larry Fink as the high-impact mainstream convert, with long-odds speculation about future political and tech megaphone figures Swan Private helps HNWI, companies, trusts, and other entities go beyond legacy finance with BItcoin. Learn more at swan.com/private. Put Bitcoin into your IRA and own your future. Check out swan.com/ira.Swan Vault makes advanced Bitcoin security simple. Learn more at swan.com/vault.

One on One Video Call W/George https://tidycal.com/georgepmonty/60-minute-meetingSupport the show:https://www.paypal.me/Truelifepodcast?locale.x=en_USIn a world where your street has become a silent warzone, “Daily Transmission” unleashes Episode: “The Neighbors They Weaponize”—a thunderous exposé from George Monty of TrueLife Rites of Passage. Feel the sub-bass rumble of truth cracking through the illusions as we reveal how corporate titans like BlackRock and Vanguard aren't just buying homes; they're engineering division, atomizing communities, and turning neighbors into unwitting pawns in a grand conquest of control.Dive into the shadows of 2025's housing apocalypse: Over 574,000 single-family homes swallowed by hedge funds, “Build-to-Rent” empires birthing soulless subdivisions, and bipartisan policies since 1965 masking wage suppression as humanitarianism. Uncover leaked memos, cross-referenced data bombs, and the sinister playbook that redirects your righteous rage—from Flint's poisoned waters to Appalachia's gutted hills—toward fellow victims, while the boardroom predators feast on your fractured solidarity.This isn't paranoia; it's the clarion call to redirect your fire upward. Stare down the mirror of manipulated anxiety, expose the LLCs lurking in your county records, and forge unbreakable alliances across every divide. In 90 seconds of raw rebellion, shatter the chains of demographic deception and rise undivided, class-conscious, and unbreakable.Tune in to “Daily Transmission” for the rite of passage that awakens warriors—because when you unmask the true invaders, no empire can stand. Consent to nothing unchosen. Stay vigilant. Tomorrow, we dismantle the engineered scarcity. One on One Video call W/George https://tidycal.com/georgepmonty/60-minute-meetingSupport the show:https://www.paypal.me/Truelifepodcast?locale.x=en_US

#676: Ally:How can I optimize my asset allocation and Roth contributions now that I'm over $1 million in assets? I'm 45, single, never married, with about $1.2 million in assets. Roughly $100,000 is in stocks, which might scare some people. Here's my breakdown: Vanguard brokerage account: VTSAX $132,000, ISCV $5,000, VOO $5,000 Vanguard Rollover IRA: VTSAX $65,000, IVV $25,000, VOO $62,000 Vanguard Roth IRA: VTSAX $228,000, ISCV $6,000 Pre-tax 401(k): Active stock fund $218,000 (0.01% expense ratio), Equity dividend fund $55,000 (0.01% expense ratio) Russell 1000: $270,000 (0% expense ratio) HSA: $9,000 in the Russell 1000 and Russell 2000 ESPP: $90,000 Savings account: $12,000 I view my brokerage accounts as savings, where I can sell assets if I need cash, as well as sell my company shares. My questions: How far am I from the efficient frontier? How efficient is my asset allocation? I've mostly been a “VTSAX and chill” type. If I rebalance, what's the best way to do it without incurring taxes? Next year, I'll make more than $150,000, even after contributing $24,500 to my pre-tax 401(k) in 2026. Can I still do a backdoor Roth, given that I already have an IRA balance? I was told it could be complicated. Am I out of luck investing in a Roth next year? Also, should I roll over my 401(k) into my existing Rollover IRA to gain more investment options, even though the 401(k) fees are very low? I've reached over $1 million in assets, but I'm not confident my first million was invested efficiently. I want to correct it before reaching my next million. Emma: Can We Split a Dependent's Tax Status Midyear to Maximize Health Insurance Subsidies? We're a family of four with two adults and two children, ages 15 and 21. Our 21-year-old is a full-time university student and is expected to graduate in May 2026. The hope is that she'll secure a full-time job after graduation. Our health care broker told us that we could claim her as a dependent for half of the year and then have her claim herself for the second half. According to the broker, this would allow her to stay on our health insurance and help us qualify for a larger premium subsidy. Is it actually possible to split a dependent's tax status this way within a single year, or is this a misunderstanding? Anonymous: Is It Wise to Hold Some Investments Outside the U.S. for Geopolitical Diversification? I've always believed that “this time isn't different,” but lately I'm feeling uneasy. I'm increasingly concerned about what seems like a slow erosion of institutional trust in the U.S., especially regarding agencies and structures that support our financial system. From leadership changes at key government institutions to growing political influence over economic policy, I'm starting to wonder if it's prudent to hold a small portion of assets physically and legally outside the U.S. I'm not talking about exotic offshore schemes. I mean legitimate ways to invest in broad index funds or ETFs through a brokerage account based abroad—as a form of geopolitical diversification and personal contingency planning. I'd love to hear your perspective. Learn more about your ad choices. Visit podcastchoices.com/adchoices

As we turn the calendar to 2026, I reveal my forecasts for the stock market, interest rates, and top asset classes, and take a look back at how my 2025 predictions stacked up against reality. From the S&P 500's rollercoaster performance to the ongoing rivalry between growth and value stocks, and even a showdown between bitcoin and gold, I break down what the numbers were, where I hit the mark, and where I missed. You'll also hear my insights on international versus U.S. stocks, the outlook for small caps, and what the Federal Reserve might do with interest rates in the year ahead. Get ready for smart strategies, listener thank-yous, and a dose of investing reality as I help you set expectations (and goals) for the year to come! You will want to hear this episode if you are interested in... 00:00 Happy New Year! 04:34 S&P 500 Trends and Predictions. 07:49 Market Trends & 2025 Predictions. 08:54 Bitcoin vs Gold & Stock Returns. 11:17 Importance of diversifying with international stocks. 14:20 Investment Predictions for 2026. 17:36 Stay invested to make the best financial gains. How did my 2025 market predictions fare? 2025 turned out to be another rollercoaster, with both triumphs and challenges for investors. Beginning with an impressive performance, the S&P 500 flirted with a 20% annual return, after two previously remarkable years (+25% in 2023 and +23% in 2024). Volatility struck early in April due to concerns about tariffs and political tensions, leading the index to drop as much as 18% year-to-date before rebounding sharply. The market often experiences significant intra-year declines, on average, 14-15% since the 1970s, so these swings are more common than many investors realize. Despite underestimating the final S&P 500 return in my 2025 prediction, it's important to stick with your plan through turbulence. Growth vs. Value One of the perennial debates in investing is whether growth stocks (think Apple, Nvidia, and Microsoft) or value stocks (like JPMorgan, Walmart, and Berkshire Hathaway) will come out on top. While value historically outperformed over the long term, the last decade and a half has belonged to growth. I predicted value would outperform in 2025, but growth eked out the win yet again, maintaining its streak. The ETF comparison, Vanguard's VONG for growth and VONV for value, shows just how close the race was, with both categories putting up strong numbers. Large vs. Small Caps: The Size Dilemma Size matters in investing, particularly when it comes to large-cap (S&P 500) versus small-cap (Russell 2000) stocks. I expected small caps to shine in 2025, but large caps led for the fifth consecutive year. The good news is that small caps narrowed the gap, hinting that a turnaround could be on the horizon as economic and regulatory shifts potentially favor these underdogs. Bitcoin vs. Gold For those seeking diversification, Bitcoin and gold are often top contenders. After years of jaw-dropping surges and gut-wrenching drops for Bitcoin, 2025 saw gold steal the spotlight with a phenomenal gain, its best showing since the 1970s, while Bitcoin stumbled. Still, I believe Bitcoin's day in the sun isn't over and predict it will bounce back in 2026. U.S. vs. International Global diversification hasn't paid off for U.S. investors in recent years, as U.S. stocks consistently outpaced their international counterparts. In 2025, the tides turned and international stocks delivered their strongest performance in 15 years, besting the S&P 500's return. It's a timely reminder not to ignore the opportunities abroad, even if I feel U.S. equities still have the edge for 2026 due to ongoing innovation and growth potential. Interest Rates and Federal Reserve Few factors move markets like interest rate decisions. Predicting three cuts and a year-end rate of 3.5–3.75%, I called it accurately for 2025. Looking to 2026, I expect another two cuts, with possible changes in leadership at the Fed adding an extra dose of uncertainty. Key Takeaways for 2026 So, what's the game plan for the coming year? I predict a tempered 8.5% return for the S&P 500, a possible value and small-cap renaissance, Bitcoin's comeback, U.S. stocks leading, and a cautious but optimistic approach to interest rates. But the most valuable advice is to stay invested. Market timing is notoriously difficult, and missing just a few of the market's best days can devastate long-term returns. For those investing for a comfortable retirement, discipline and diversification remain your best allies. Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE  Berkshire Hathaway J.P. Morgan ExxonMobil Walmart United Healthcare Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact   Subscribe to Retire With Ryan

Mais um ano terminado com imensas surpresas, revelações, reviews e também algumas decepções. Juntamos tudo neste episódio especial, onde numeramos os nossos tops do ano. Neste episódio falamos sobre as nossas previsões de 2026 e terminamos com a nossa lista de filmes e séries de 2025.NOTÍCIASDebatemos as nossas apostas sobre os filmes e séries de 2026.LISTA DE FILMES E SÉRIES 2025LázaroFilmesAnora (2024)Fargo (1996)Primal Fear (1996)One Battle After Another (2025)F1 (2025)Predator: Badlands (2025) / Predator: Killer of Killers (2025)Traffic (2000)The Brutalist (2024)The Smashing Machine (2025)No Country for Old Men (2007)SériesPluribusAdolescence (1ª Temporada)MobLand (1ª Temporada)Alien: Earth (1ª Temporada)The Studio (1ª Temporada)DecepçõesStar Trek: Section 31 (2025)Captain America: Brave New World (2025)Happy Gilmore 2 (2025)The Old Guard 2 (2025)Vanguard (2020)LuísFilmesWeapons (2025)Sinners (2025)One Battle After Another (2025)Warfare (2025)The Ballad of Wallis Island (2025)If I Had Legs I'd Kick You (2025)Twinless (2025)Suze (2023)Bring Her Back (2025)Predator: Killer of Killers (2025)SériesAdolescence (1ª Temporada)The Studio (1ª Temporada)IT: Welcome to Derry (1ª Temporada)Task (1ª Temporada)Alien: Earth (1ª Temporada)DecepçõesCaptain America: Brave New World (2025)Jurassic World Rebirth (2025)Snow White (2025)Good Boy (2025)ErickFilmesBob Trevino Likes It (2024)Christy (2025)The Smashing Machine (2025)Ainda Estou Aqui (2024)Predator: Badlands (2025)Predator: Killer of Killers (2025)The Baltimorons (2025)The Score (2001)Yesterday (2019)Scream FranchiseSériesThe Pitt (1ª Temporada)Landman (1ª Temporada)Forever (1ª Temporada)The Studio (1ª Temporada)MobLand (1ª Temporada)DecepçõesAvatar: Fire and Ash (2025)And Just Like That… (3ª Temporada)You (5ª Temporada)Para a semana vamos fazer review da última temporada da série 'Stranger Things'.Até lá, bons filmes.**Música Original produzida por António Capelo (https://capelo.me)Sigam-nos em:https://twitter.com/peliculapodcasthttps://instagram.com/peliculapodcasthttps://facebook.com/peliculapodcast

Jeremy Utley reveals why many aren't getting the results they want from AI—and how to fix that. — YOU'LL LEARN — 1) The #1 mistake people are making with AI 2) ChatGPT's top advantage over other AI platforms (as of late 2024) 3) The simple adjustments that make AI vastly more useful Subscribe or visit AwesomeAtYourJob.com/ep1010 for clickable versions of the links below. — ABOUT JEREMY — Jeremy Utley is the director of executive education at Stanford's d.school and an adjunct professor at Stanford's School of Engineering. He is the host of the d.school's widely popular program "Stanford's Masters of Creativity.” • Book: Ideaflow: The Only Business Metric That Matters • Article: "For Conversations You Dread, Try a Chatbot" • Article: “Don't Let Gen AI Limit Your Team's Creativity” • Website: JeremyUtley.design • LinkedIn: Jeremy Utley • Podcast: Beyond the Prompt • Course: AI Bootcamp— RESOURCES MENTIONED IN THE SHOW — • Term: Einstellung effect • Podcast: Huberman Lab • Video: #NSDR (Non-Sleep Deep Rest) with Dr. Andrew Huberman • Book: That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea by Mark Randolph • Previous episode: 903: How to Save Time Using ChatGPT at Work with Donna McGeorge• Previous episode: 1111: How to Get Better Results from AI to Amplify Your Productivity with Gianluca Mauro— THANK YOU SPONSORS! — • Vanguard. Give your clients consistent results year in and year out with vanguard.com/AUDIO• Quince. Get free shipping and 365-day returns on your order with Quince.com/Awesome• Cashflow Podcasting. Explore launching (or outsourcing) your podcast with a free 10-minute call with Pete.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss a major Vanguard announcement that signals a meaningful shift in retirement planning. For years, annuities were often dismissed by large investment firms, yet today we are seeing industry leaders embrace their role in guaranteed income in retirement. Vanguard's move to introduce a 401k annuity option inside the Vanguard retirement plan validates what many retirees already need—predictability, income, and risk control as they plan for retirement.Listen in to learn about why annuities in 401k plans are gaining traction, how fixed annuities can serve as a bond alternative, and why firms like Fidelity retirement, BlackRock retirement, and Vanguard are acknowledging the importance of retirement income planning in the face of ongoing market volatility. Radon and Murs explain how this evolution helps investors create your own pension, supports retiring comfortably, and strengthens efforts to secure your retirement.In this episode, find out:Why the Vanguard announcement is a turning point for annuities retirement strategiesHow guaranteed income in retirement helps offset market volatilityWhat a 401k annuity option really means for retirement planningWhen IRA rollover options may provide more flexibility than a company 401kHow the Three Bucket Strategy simplifies planning retirement and managing riskTweetable Quotes:“As you approach retirement, predictability and reliable income matter just as much as growth.” — Radon Stancil“Annuities aren't about giving up growth; they're about creating confidence and peace of mind in retirement.” — Murs TariqBy combining growth assets with income-focused strategies, retirees can follow a clearer retirement checklist, reduce stress during volatile markets, and build a customized retirement planning approach. Whether inside a Vanguard retirement plan or through broader IRA rollover options, the goal remains the same: thoughtful planning, smarter risk management, and a strategy designed to help you plan for retirement with confidence.Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

Steve talks with Gary Benoit, editor-in-chief of The New American and author of Vanguard of the Americanist Cause, about a controversy out of Vermont, where a Somali flag was raised over a public school district, igniting backlash and serious questions about national identity, assimilation, and who sets the cultural tone in America's classrooms. Benoit explains why symbols matter, how local decisions can reflect broader ideological shifts, and why Americans should be paying close attention to what's happening in their schools before it spreads nationwide

This week we end 2025 with a Pediheart tradition - an episode on personal finance for medical professionals with noted authority on index investing and personal finance, Mr. Paul Merriman. Paul is a retired investment advisor who now has a popular podcast "Sound Investing" and website in which he offers advice on investing for 'do it yourself' investors. In this week's episode, the 5th of his visits to Pediheart, Mr. Merriman discusses 'factor investing' via index-like ETF's and funds. He also reviews who he believes might benefit from a financial advisor, what sort of advisor most should seek out and why he believes that many do not need one if they can 'stay the course'. Resources mentioned in today's podcast are below. Wishing all a happy and healthy new year in 2026. Paul's website:https://www.paulmerriman.com/#gsc.tab=0'Best In Class' ETF's:https://www.paulmerriman.com/Best-in-Class-ETF-Recommendations2025#gsc.tab=0Sound Investing 'Quilt Charts':https://irp.cdn-website.com/6b78c197/files/uploaded/(K)_Quilt_Charts_(1928-2024)_-_2024_Returns_(1).pdfDFA 'Turn Out The Noise':https://www.dimensional.com/filmAs a reminder, all of the information provided in this week's episode should be considered entertainment and all financial decisions should be vetted with professionals or knowledgeable and trusted friends/family. 

This week, we're looking back at three discussions we held earlier this year on Investing Insights about exchange-traded funds that income investors might find attractive. Morningstar ETF specialists, Bryan Armour and Dan Sotiroff, talked about dividend, bond, and covered-call ETFs in 2025.Subscribe to Morningstar's ETFInvestor Newsletter.On this episode:00:00:00 Welcome00:01:33 Dividend investing can result in exposure to factors like value, quality, and low volatility. Can you briefly explain one, what is factor investing, and then where do dividend ETFs typically land?00:03:21 How do you find a dividend ETF that provides the optimal, or just rightamount, of factor exposure? And what should appear on our checklist? 00:04:40 Four dividend ETFs hold Morningstar's Medalist Rating of Gold. Let's start with the two dividend growth ETFs from Vanguard that hold these marks.00:05:17 Explain why Vanguard's top dividend income strategy also impressed Morningstar analysts.00:06:07 The final and fourth Gold-rated dividend ETF mixes both income and growth strategies. Talk about the one from Schwab.Bond ETFs are having a banner year. Why are investors turning to these investments?00:09:01 What makes a core bond ETF a solid portfolio building block?00:10:02What's the top idea that's received high marks from Morningstar?00:11:39We're shifting from the least risky to the next level up, core-plus. What do these bond ETFs typically offer that an index-tracking ETF does not?00:11:21 Can you tell us one intermediate core-plus bond ETF that's earned a Gold rating from Morningstar?00:11:56 Multisector bond ETFs take on a bit more risk than the previous two categories, and that comes with an expectation of more income. Should income investors skip the others and start here?00:13:11It'stime for the third top idea. What multisector bond ETF should folks consider?00:13:36 High-yield bond ETFs are the riskiest among the categories we're discussing today. What additional risks are investors taking on for the juicy yields?00:14:42 Morningstar does not currently rate any actively managed high-yield bond ETFs. Is there one that income investors should watch?00:16:41What's making covered-call ETFs so popular in 2025?00:17:09 Their yields lookvery high. What is driving them?00:18:31 What types of trade-offs are investors making?00:19:51 Which covered-call ETFs do Morningstar analysts consider a solid choice for investors, and why?  Watch more from Morningstar:Where to Invest in 2026 After This Year's Market Volatility LINKWhy Betting Against Nvidia in the AI Arms Race Could Be a MistakeHere's What Your Retirement Spending Rate Should Be in 2026 Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

John Cole Scott, President of CEF Advisors, relies on his massive stores of data to look ahead for 2026, and he foresees no recession, lower inflation and modest GDP growth for 2026, with less volatility due to the interest-rate picture but more market tension due to the global macro picture. Scott also discusses what he sees happening in the closed-end fund industry, and he selects five funds — including one that has been in the news recently for problems that raised its discount — that he's expecting big things from in the year ahead. Long-time business journalist Allan Sloan — a seven-time winner of the Loeb Award, business journalism's highest honor — returns to the show to discuss his recent piece for Barron's  in which he discussed his admiration for the way Michael and Susan Dell recently committed $6.25 billion of their own money to give 25 million kids $250 each to invest in mutual funds. But he doesn't like the mechanics of the new Trump accounts that are the vehicle for those young savers and he says their impact on changing lives will be much more limited than the hype is making it out to be. Plus, Chuck talks about avoiding mistakes that result in financial punishments if not completed by year's end: failing to take required minimum distributions and failing to spend down dollars set aside in Flexible Spending Accounts. He cites Vanguard data showing that the RMD problem is much bigger than many people expect, and he suggests ways that heatlh-care savers can legally spend down their accounts while there is still time.

Introduction December 27th brings sudden urgency—just four days remain to implement critical year-end financial strategies that could save thousands in taxes, reduce portfolio risk, and position retirement accounts for 2025 success. Most people spend more time planning vacations than reviewing their largest asset: their retirement portfolio. But the market’s strong multi-year run has created hidden dangers in 401(k) accounts, particularly for those approaching retirement who haven’t rebalanced in years. In this episode of The Tom Dupree Show, Tom Dupree and Mike Johnson provide an essential year-end checklist covering portfolio drift, account consolidation, tax-smart charitable giving, target date fund dangers, and fraud protection as scam season intensifies. Portfolio Drift: The Silent Risk Multiplier What Five Years Did to Your 401(k) If you established a 60/40 portfolio (60% stocks, 40% bonds) five years ago and never rebalanced, you’re sitting on dramatically more risk than intended. “If you had a 60-40 split in 2020, today you’re at about 76% stocks if you’ve made no changes,” Mike Johnson explained. “And your account’s worth 20 or 30% more, so there’s more dollars at stake, at risk.” The drift problem: Stocks outperformed bonds over five years Your stock allocation grew from market gains Total account value increased substantially Risk exposure multiplied Example: $500,000 in 2020 (60% stocks = $300,000) is now $650,000 with 76% stocks = $494,000 in equities. Your stock exposure grew 65%. S&P 500 Concentration Risk “About 40% of the S&P 500 is allocated to tech and high multiple stocks,” Mike noted. “If it’s been on autopilot, now is as good a time as any to look at it critically.” Market Corrections Are Inevitable “On average, every year you have a 10% drop in the market. That’s just the cost of admission,” Mike explained. “We had one back in April—it was closer to 20%. You were looking at 40, 50% drops in some things.” “A lot of people have forgotten how—and even that they should—play defense, especially when you’re getting close to retirement,” Mike cautioned. Year-end action: Check your actual allocation today. If stocks exceed your risk tolerance, rebalance before December 31st. Account Consolidation: Simplify Now The Multiple Account Problem “People’s thinking is, if I have this account over here and this account over here, I’ve got more money,” Tom observed. “When they consolidate those accounts, every one of those five pieces put together as one is gonna get managed better.” Hidden Costs of Scattered Accounts “It’s really hard to track performance if you have multiple accounts,” Mike explained. “It’s much simpler, much more accountable when it’s all consolidated together.” Problems with scattered accounts: Impossible to track overall performance Multiple RMD calculations Complex tax reporting Higher fees (missing breakpoint discounts) Poor overall portfolio coordination Mike’s consolidation benefits: “Proper investment to reach your goals, performance tracking, tax reporting, tax planning, and possible discounts on fees.” Year-end action: List all retirement accounts—schedule consolidation to simplify 2025 RMDs and reduce fees. Tax-Smart Year-End Strategies Strategy 1: Gift Appreciated Stock “Let’s say you give $10,000 a year to charity. You can gift those appreciated shares of stock to the organization,” Mike explained. “You can put that money right back into your brokerage account and reinvest it. You could even repurchase the same stock.” The double benefit: Charitable deduction for full market value Avoid capital gains tax on appreciation Example: Stock purchased for $4,000, now worth $10,000. Gift it, avoid $6,000 capital gain, use the $10,000 cash to buy it back. Strategy 2: Qualified Charitable Distribution “If you’re of the age where you have required minimum distributions, you can do a qualified charitable distribution,” Mike explained. “If you gift the RMD straight to the charity, it never flows through as taxable income to you.” QCD advantages: Counts toward RMD requirement Reduces adjusted gross income Lowers Medicare premiums Reduces taxes on Social Security Works even if you don’t itemize Year-end deadline: Execute stock gifts or QCDs before December 31st to count for 2024 taxes. The In-Service Rollover: Plan Three Years Ahead Act at Age 59½—Even While Working “At 59 and a half, you can do what’s called an in-service rollover,” Mike explained. “Even if you’re still employed and working, you can move over the balance of your 401(k) to an IRA and invest it more specifically for your situation.” The Three-Year Retirement Transition “Let’s say you’re 59 and a half and planning on retiring at 62. You can do that rollover, get the funds invested into an income-producing portfolio,” Mike detailed. “While you’re working, that income just reinvests back in. But when you hit 62, that portfolio’s already in place, it’s already working, and literally it’s linked to your checking account.” Tom emphasized the benefit: “It makes the retirement process more comfortable because you’re not leaving work and at the same time coming in brand new, getting comfortable with our investment approach. You’ve planned for it.” The seamless transition: Portfolio established 2-3 years before retirement Dividends reinvest while still working At retirement, switch to income payout mode No adjustment period or uncertainty Year-end action: If age 59½+, investigate in-service rollover options. Target Date Funds: Hidden Dangers The Collective Investment Trust Problem “52% of the assets in target date funds—over $2 trillion—are now in collective investment trusts,” Mike reported. What makes CITs dangerous: “A collective investment trust—they’re not required to register with the SEC,” Mike explained. “They don’t have to report, as transparently, all the internal fees. And they’re allowed to hold more illiquid investments inside of them.” The Blue Rock Disaster “There was a private real estate fund—the Blue Rock Total Income Fund,” Mike detailed. “The net asset value when it was private was about $24 a share. They decided to go public. The fund closed the day it went public at $14.70.” Investor loss: 39% immediately when real market pricing was revealed. “The NAV was bogus. It was totally bogus,” Mike concluded. The Vanguard-TIAA Annuity Trap “Vanguard announced they’re partnering with TIAA, and the target date fund automatically enrolls the investor in an annuity,” Mike reported. “What they’re hoping is that these people that have been on autopilot for 40 years—they’re not gonna change from being on autopilot at year 41,” Mike explained. “It’s just gonna automatically roll into these annuities. This is a money grab to keep the assets locked in.” Why Dupree Financial Group Avoids Them “We don’t use target date funds. We don’t like what the target date fund does to the client’s return,” Tom stated. “It’s about having all your money in one spot the day you retire. That money doesn’t need to be in one spot. It needs to be growing and throwing off dividends.” Mike: “The target date’s all based on historical averages. It doesn’t take into account what’s going on in the market or your situation.” Year-end action: If in a target date fund, research what’s actually inside it before the “glide path” continues. Year-End Fraud Alert: Peak Scam Season The January-February Surge “This time last year, at the first of the year, was one of the biggest fraud pushes that we’ve seen,” Mike warned. “As we get close to the end of the year, be diligent and protect yourself.” Sophisticated Team Operations “These fraudsters are very convincing. They sound like us. They sound like an advisor,” Mike explained. “They’ll bring somebody onto the line. They’ll keep people on the line for three hours. They’ve gotten used to handling objections.” Real Client Losses “We heard two in a row from our clients—older women, same amount: $10,000 each,” Tom recounted. “One woman could afford it. The other one really couldn’t.” The Defense Strategy “The first line of defense is you, the client,” Mike stated. “If you have something that pops up on your screen—don’t click there. If somebody calls—call somebody. Call a trusted person. If you’re a client of ours, call us. But do not take action on any of these things.” Critical warning: “Do not verify within their ecosystem. They say, ‘We’ll let you verify,’ and then they transfer you. They’re all working together.” Tom’s advice: “Get off the phone or don’t click on things and get somebody that you trust to find out exactly what’s going on.” Year-end vigilance: Never click pop-ups, never transfer money based on calls, always verify independently. Your Year-End Action Plan Critical Tasks Before December 31st ✓ Check portfolio drift – Verify stock/bond allocation matches risk tolerance ✓ Rebalance if needed – Reduce risk before 2025 ✓ Execute charitable strategies – Gift stock or make QCD before deadline ✓ Consolidate accounts – Simplify RMDs and reduce fees ✓ Research in-service rollovers – If 59½+, investigate options ✓ Review target date funds – Understand holdings before glide path continues ✓ Increase fraud vigilance – Peak scam season protection Questions Before Year-End What’s my actual current allocation? How many retirement accounts do I have scattered? Am I missing tax-saving charitable strategies? Do I understand what’s in my target date fund? Am I 59½+ with rollover options available? The Bottom Line With days remaining in 2024, retirement investors face critical decisions affecting taxes, risk exposure, and 2025 positioning. Portfolio drift has likely pushed your stock allocation far beyond original intentions. Target date funds may contain illiquid investments, opaque fees, and automatic annuitization. But opportunities exist: tax-smart giving, consolidation, in-service rollovers, and rebalancing. “All of these things fit into more of a holistic long-term retirement financial plan,” Mike concluded. “You want everything moving in the right direction to accomplish your goals.” Schedule Your Portfolio Review Is your portfolio drifted into dangerous territory? Missing tax-saving strategies? Approaching retirement without a transition plan? Call (859) 233-0400 or schedule your complimentary portfolio review. Dupree Financial Group – Where we make your money work for you. Important Disclosures Dupree Financial Group is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC). This content is for informational purposes only and does not constitute investment advice, tax advice, or a solicitation. Past performance does not indicate future results. All investments involve risk, including potential loss of principal. Tax strategies should be reviewed with a qualified tax professional. Before making investment or tax decisions, consult qualified professionals. For more information, review our Form ADV Part 2A at www.adviserinfo.sec.gov or call (859) 233-0400. The post Year-End Financial Planning Checklist: Critical Actions Before December 31st appeared first on Dupree Financial.

Zach Pandl, Head of Research at Grayscale Investments, joined me to discuss the firms new altcoin ETFs which includes Chainlink, XRP, and Dogecoin.Topics: - Grayscale's new ETFs - Filing for Zcash ETF - Grayscale IPO - Crypto market outlook Brought to you by ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/

Las Oakley Meta Vanguard han mejorado cámara y audio respecto a las HSTN, pero el peso sigue siendo problema. Son muy útiles para creadores deportivos, pero quizás todavía prescindibles para el resto. El futuro existe, pero pesa.Loop Infinito, podcast de Xataka, de lunes a viernes a las 7.00 h (hora española peninsular). Presentado por Javier Lacort. Editado por Alberto de la Torre.Contacto:

Tasha Eurich shares why pushing through sometimes isn't enough–and how to bounce back stronger than ever.— YOU'LL LEARN — 1) The hidden costs of “grit gaslighting” 2) How to know when you've hit your “resilience ceiling” 3) The three needs that unlocks the best version of yourselfSubscribe or visit AwesomeAtYourJob.com/ep1066 for clickable versions of the links below. — ABOUT TASHA — Dr. Tasha Eurich is an organizational psychologist, researcher, and New York Times best-selling author (Shatterproof, Insight, Bankable Leadership). She helps people thrive in a changing world by becoming the best of who they are and what they do. With a PhD in Industrial-Organizational Psychology, Tasha is the principal of The Eurich Group, a boutique consultancy that helps successful executives succeed when the stakes are high. As an author and sought-after speaker in the self-improvement space, Tasha is a candid yet compassionate voice. Pairing her scientific grounding with 20+ years of experience on the corporate front lines, she reveals the often-surprising secrets to success and fulfillment in the 21st century. • Book: Shatterproof: How to Thrive in a World of Constant Chaos (And Why Resilience Alone Isn't Enough) • Quiz: The Resilience Ceiling Quiz • Website: TashaEurich.com— RESOURCES MENTIONED IN THE SHOW — • Book: Give and Take: Why Helping Others Drives Our Success by Adam Grant • Book: Resilient: How to Grow an Unshakable Core of Calm, Strength, and Happiness by Rick Hanson and Forrest Hanson • Book: Team of Rivals: The Political Genius of Abraham Lincoln by Doris Kearns Goodwin • Book: The Great Gatsby by F. Scott Fitzgerald • Study: Need Crafting• Website: World Uncertainty Index • Past episode: 1065: Harvard's Stress Expert Shares Top Resilience Tools with Dr. Aditi Nerurkar— THANK YOU SPONSORS! — • Vanguard. Give your clients consistent results year in and year out with vanguard.com/AUDIO• Quince. Get free shipping and 365-day returns on your order with Quince.com/Awesome• Cashflow Podcasting. Explore launching (or outsourcing) your podcast with a free 10-minute call with Pete.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Join me and my guest Merry Carole Powers, founder of Unicorn Kreative (unicornkreative.com), and author of The Great Human Rebrand: How to Step Out of the Labels That Divide Us and Into the Humanity That Unites Us. Merry Carole is a recognized expert in diversity, equity, and inclusion (DEI), as well as a creative leader with over two decades of experience shaping global brands and corporate cultures. As Creative Director for Sustainability, Purpose, and DEI at Deloitte, she led initiatives that embed human-centered values and inclusive practices into the core of business strategy. Her professional journey includes senior creative and content strategy roles at leading organizations such as Deloitte, Vanguard, and Leo / Publicis Worldwide, where she has driven brand awareness and innovative campaigns while championing individuality and purposeful impact. Powers is deeply passionate about empowering people to transcend societal labels and embrace their unique strengths. Her book challenges conventional thinking about identity and advocates for a more authentic, inclusive approach to personal and professional development. The book challenges our traditional approach to careers and life and offers a fresh perspective on how to navigate the complex landscape of modern business while maintaining a focus on humanity and unity. SHOW NOTES  SPONSORED BY: Power of You! Find out more at https://leader.blainebartlett.com/power-of-you Summary In this engaging conversation, Blaine and Merry Carole Powers explore the profound themes of individuality, connection, and the essence of business. They discuss the importance of ideas, the impact of labels, and the necessity of diversity, equity, and inclusion in the workplace. Merry Carole shares insights from her book, The Great Human Rebrand, emphasizing the need for leaders to recognize and nurture the unique potential of individuals within organizations. The dialogue also touches on the challenges of navigating change, the role of self-expression, and the future of business in an AI-driven world.  Takeaways Everything begins as an idea before it takes physical form. Labels can be useful but also problematic in human connection. Diversity and inclusion are essential for a thriving workplace. Leadership should focus on individuality and personal growth. Self-expression is crucial for fulfillment in work and life. Understanding one's value is key to success in business. Empathy and compassion are vital in connecting with customers. A unified culture enhances collaboration and growth. Scaling a business requires developing its people, not just increasing demands. Labels can help identify roles but should not limit individual potential. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bienvenido a un nuevo episodio de Aportando luz, el podcast en el que hablamos de fotografía nocturna, su técnica, consejos y equipo. En este episodio, especial de fin de año, vamos a hablar sobre las anécdotas que nos han pasado en fotografía nocturna. Este episodio está patrocinado por Vanguard y su nueva gama de mochilas VEO METRO. Con la promoción que está ahora en marcha, Vanguard te regala un AirTag oficial de Apple con la compra de cualquier mochila VEO METRO. Y es perfecto, porque esta serie incluye un bolsillo oculto, pensado para llevar el AirTag de forma discreta y segura, sin ocupar espacio del resto de tu equipo. Y lo mejor: la promoción también aplica si ya la compraste. Solo tienes que registrar tu compra en el formulario de esta web, subir tu factura, y Vanguard te enviará el AirTag a casa sin coste. ¡Y recuerda usar el cupón ROSAPRO2025 para tener un descuento en cualquier compra! Puedes ver las notas del programa en https://www.javierrosano.com/podcast/114.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3230: Darrow Kirkpatrick breaks down the real value, and limitations, of hiring a financial advisor when planning for retirement. With a strong case for the do-it-yourself path, he urges readers to weigh the costs, conflicts of interest, and unpredictability of financial markets before outsourcing their future. Read along with the original article(s) here: https://www.caniretireyet.com/book-excerpt-need-financial-advisor/ Quotes to ponder: "Smart people and resourceful organizations develop clever models that help them market themselves as having an edge over the competition. But guess what? They don't know the future any better than you do." "Nobody can predict the future or outperform the market over the long haul." "Financial planning should be more about equipping yourself with the analysis tools and mindset for a safe and enjoyable journey, than about trying to predict and control your exact route and arrival time!" Episode references: Garrett Planning Network: https://www.garrettplanningnetwork.com/ Vanguard: https://investor.vanguard.com/ USAA: https://www.usaa.com/ NAPFA: https://www.napfa.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3230: Darrow Kirkpatrick breaks down the real value, and limitations, of hiring a financial advisor when planning for retirement. With a strong case for the do-it-yourself path, he urges readers to weigh the costs, conflicts of interest, and unpredictability of financial markets before outsourcing their future. Read along with the original article(s) here: https://www.caniretireyet.com/book-excerpt-need-financial-advisor/ Quotes to ponder: "Smart people and resourceful organizations develop clever models that help them market themselves as having an edge over the competition. But guess what? They don't know the future any better than you do." "Nobody can predict the future or outperform the market over the long haul." "Financial planning should be more about equipping yourself with the analysis tools and mindset for a safe and enjoyable journey, than about trying to predict and control your exact route and arrival time!" Episode references: Garrett Planning Network: https://www.garrettplanningnetwork.com/ Vanguard: https://investor.vanguard.com/ USAA: https://www.usaa.com/ NAPFA: https://www.napfa.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode: How will you spend in retirement? Should your kids know the details of your will? Vanguard: Will two wrongs make a right? Subscribe or follow so you never miss an episode! Check out Fire Your Financial Advisor on YouTube! Learn more at GoldenReserve.com or follow on social: Facebook & LinkedIn.See omnystudio.com/listener for privacy information.

How did China's trade surplus hit $1.1 trillion this year? The United States purchased around $450 billion of manufactured goods from China in 2024, but trade has dropped between the two countries so how did China have a record surplus of $1.1 trillion through November 2025? The current tariff on goods imported from China is around 37% according to the Tax Policy Center and imported goods from China have dropped dramatically. China has been able to increase their exports to other countries to more than compensate for the loss of exports to the United States which are down roughly 19%. China has seen an increase of exports to Southeast Asia of 14%, the European Union has increased 8%, and Latin America saw a 7% increase in exports from China. A big increase of 25% in exports to Africa was also very helpful to China's manufacturing surplus. Even though they're turning out more cars, manufacturing products and chemicals than ever before, it has created a very heavy competition in China which is pushing down prices, profits, and income for the Chinese manufacturing companies. There will not be another round of talks between the US and Chins until next year. At the last set of trade talks the US did lower our tariffs and China promised to buy American soy beans and end a plan to tighten the export of rare earths, which are critical and found in many products from jet engines to cars and many other electronics as well. We will continue to follow the developments of these trade talks as there should be more news coming next year!   Finally some data on the labor market! With the government shutdown, a lot of the data for the labor market was delayed. We finally got employment figures for October and November, and they were interesting to say the least! To start, the October numbers looked horrific considering payrolls declined by 105,000 in the month. While this sounds troubling, it's important to remember all of those government workers on severance were still counted as employed until the severance ended. This led to a decline in government payrolls of 162,000 in the month of October. Losses in government payrolls continued in November, but at a much slower rate as they tallied 6,000 in the month. Since reaching a peak in January, government employment has seen a decline of 271,000 jobs. Looking at November, payrolls increased by 64,000, but healthcare continued to carry most of the weight as the sector accounted for more than 70% of the total net increase and added 46,000 jobs. Construction was also strong in the month as the sector added 28,000 jobs, but many other areas saw little change and transportation and warehousing was weak as payrolls declined by 18,000. Another concern in the report was the unemployment rate ticked up to 4.6%, which was above the 4.4% level in September and marked the highest reading since September 2021. Overall, when I look at the labor market it is definitely slowing, but I wouldn't say I'm overly concerned at this point in time. While it is concerning to see declines in the payroll level in three of the last six months, for the most part the private market has done a good job picking up the large declines in the government sector, which I view as healthy. I don't want to say our labor market is booming at this point in time, but I would still classify as relatively healthy.    Inflation report shows great progress, can it be trusted? Headline November CPI came in at 2.7% compared to last November, which was well below the estimate of 3.1% and core CPI, which excludes food and energy, showed an increase of just 2.6%. This was the lowest reading for core CPI since March 2021 when the increase was just 1.6% and it also came in well below the estimate of 3.0%. Some areas in the report remained challenging particularly in food, where we saw uncooked beef roast climb 21.2% and coffee increase by 18.8%. Beef prices have struggled as cattle supply touched its lowest point in 2025 since the early 1950s and coffee prices have been hit by extreme weather in major coffee-producing countries as well as the tariffs levied on Brazil. Shelter inflation was positive in the report as the annual increase was just 3% and it's believed there is more relief coming for the largest weight in the CPI, which generally occupies around 1/3 of the headline number. If the inflation for shelter slows further, it would be very beneficial for the inflation rate as we progress through 2026. The big problem with this report is there are questions about how accurate the data is. Due to the shutdown, there was no data collected for the month of October, and the BLS was only able to collect data for about half the month of November as the shutdown did not end until November 12th. For the time being we are pleased with the results from this CPI report, but I do believe there will now be even more emphasis on the December CPI as that will be the first full month of data following the record-breaking government shutdown.    Want to become a millionaire? Invest in your 401(k)! There are more and more people with $1 million or more in a 401(k) as companies like Fidelity and Vanguard are seeing record numbers of people with accounts of more than $1 million. Fidelity said they hit the highest level ever when it comes to 401k millionaires with about 3.2% of their 401k's or 654,000 accounts now over $1 million. Vanguard also had similar numbers for 401k millionaires. Becoming a 401k millionaire is not a get rich quick scheme, but it's a proven way to build your wealth long-term with proper investment choices. It is estimated that roughly 86% of those with $1 million plus in their 401k are 50 or older. It is also estimated that around 1000 people per day become 401k millionaires in the US. The key to becoming a 401K millionaire is to invest wisely, which means not too aggressive, but also not too conservative. Also, when a portfolio drops, you cannot sell everything and wait for the market to get better, you or an investment professional must verify that you have good quality investments in your portfolio that can handle the financial storms and also it's important to continue adding to your portfolio during these difficult times. It is important not to pull money out from your 401(k) for any reason at all, no matter how bad you think the situation is, it will improve. It is much better to deal with problems when you're young rather than when you're in your 60s because you did not let your 401(k) grow to over a million dollars.   Financial Planning: Taking Advantage of Itemized Deductions Before December 31st With the repeal of the $10,000 SALT deduction limit, many taxpayers may once again benefit from itemizing deductions rather than taking the standard deduction, and there are practical steps that can be taken before year-end to further enhance that benefit. The SALT deduction includes both state income taxes and property taxes, and because individuals are cash-basis taxpayers, deductions are generally taken when expenses are paid rather than when they are due, meaning that paying certain obligations before December 31st can shift future deductions into the current tax year. In California and many other states, property taxes are paid in two installments, with the first due in December and the second due in April.  If the April installment is paid by December 31st, it may be deductible in the current year instead of the following one. Similarly, the final state estimated tax payment is typically due on January 15th, but making that payment in December allows the deduction to be taken in the current year. Another significant itemized deduction is mortgage interest, and while mortgage payments are usually due on the first of the month, making the January 1st payment in December can allow the interest from that payment to be deducted in 2025 rather than 2026. In addition, charitable deduction rules are scheduled to change in 2026 and will be subject to an adjusted gross income (AGI) limitation, which means taxpayers who are charitably inclined may benefit from accelerating planned donations into the current year while the rules are more favorable. Taken together, these strategies tend to be most effective when income is higher in the current year, as accelerating deductions while in higher tax brackets results in greater overall tax savings.   Companies Discussed: Oxford Industries, Inc. (OXM), Exxon Mobil Corporation (XOM), Vail Resorts, Inc. (MTN) & Costco Wholesale Corporation (COST)

In this holiday Friday Q&A, Don opens with a festive announcement about Season's Readings—now Apple-featured and temporarily commercial-free—before diving into listener questions on fixed annuities versus CDs, a creative (and complex) 529-to-Roth strategy tied to Georgia tax deductions, simplifying IRA management and RMDs at Schwab or Vanguard, the unavoidable tax traps of old investment clubs structured as partnerships, and the perennial question of how much U.S. large-cap exposure belongs in a diversified equity portfolio. Along the way, Don reinforces core themes: simplicity beats complexity, costs matter, taxes are inevitable, and diversification has no single “correct” allocation—only trade-offs aligned with philosophy and discipline. 0:04 Holiday welcome, Friday Q&A format, and how to submit questions 0:46 Season's Readings podcast announcement, Apple feature, and commercial-free holiday run 2:16 Fixed annuities vs CDs: safety, state guarantees, and annuity ladders 5:29 Using 529 plans as a long-term Roth pipeline with state tax deductions (Georgia example) 9:29 Moving an IRA to Schwab or Vanguard and automating RMDs 10:20 Investment clubs as partnerships: K-1s, capital gains, and tax inevitability 14:47 How much U.S. large-cap belongs in a diversified stock portfolio 18:54 Reviews, critics, Bitcoin pushback, and holiday sign-off Learn more about your ad choices. Visit megaphone.fm/adchoices

December 18, 2025:  Is artificial intelligence already replacing jobs—or is that narrative getting ahead of the data? This episode examines new research from Vanguard's 2026 Economic and Market Outlook, which analyzes U.S. employment and wage data to understand how AI exposure is actually affecting work today. Contrary to widespread fears, the findings show that jobs most exposed to AI—including analysts, accountants, HR professionals, and other knowledge workers—are not disappearing. They are growing. And real wages in those roles are rising faster than in jobs with lower AI exposure. The episode explores why AI is currently acting as a productivity amplifier rather than a job killer, how this phase mirrors earlier waves of technological change, and where the real risks are beginning to emerge. It also looks ahead to the implications for workforce design, skill development, and career pathways—especially as AI reshapes entry-level work and raises performance expectations across organizations. For leaders, executives, and professionals trying to separate AI hype from reality, this episode offers a grounded, data-driven view of what's happening now—and what signals to watch next in the future of work.

2025-12-19 | UPDATES #083 | Ukraine is expanding the maritime war — not just in the Black Sea, but now out into the Mediterranean. A tanker burns at Rostov-on-Don. A “shadow fleet” vessel gets hit off Libya. And then comes the rumour: that a senior GRU figure — Major General Andrei Averyanov — may have been on board. Could this be Ukraine's boldest move of the war so far? Start in southern Russia — Rostov-on-Don. Overnight into December 18, Ukrainian drones hit the region. Russian officials say three people were killed, including two crew members of a tanker that caught fire at the port. (Reuters)Reuters reports the vessel was the Russian-flagged tanker Valeriy Gorchakov — identification attributed to the British maritime risk firm Vanguard. (Reuters)----------SOURCES: Reuters (Dec 18, 2025) – Ukrainian drones kill three people in Russia's Rostov region, authorities say - https://www.reuters.com/world/ukrainian-drones-hit-tanker-russias-rostov-port-causing-deaths-mayor-says-2025-12-18/The Maritime Executive (Dec 18, 2025) – Ukrainian Long-Range Attack Kills Two Crew and Damages Tanker in Rostov - https://maritime-executive.com/article/ukrainian-long-range-attack-kills-two-crew-and-damages-tanker-in-rostovThe New Voice of Ukraine (Dec 18, 2025) – Oil tanker sinking in Russia's Rostov-on-Don after Ukrainian strike (reporting via Astra/MarineTraffic) - https://english.nv.ua/russian-war/oil-tanker-sinking-in-russia-s-rostov-on-don-50569696.htmlReuters (Dec 19, 2025) – Ukraine hits Russian 'shadow fleet' tanker in Mediterranean for first time, SBU source says - https://www.reuters.com/business/aerospace-defense/ukraine-hits-russian-shadow-fleet-tanker-mediterranean-first-time-sbu-source-2025-12-19/The Guardian (Dec 19, 2025) – Ukraine attacks Russian 'shadow' tanker off Libyan coast - https://www.theguardian.com/world/2025/dec/19/ukraine-attacks-russian-shadow-tanker-off-libyan-coastLloyd's List (Dec 19, 2025) – Ukraine targets shadow fleet tanker in Mediterranean - https://www.lloydslist.com/LL1155927/Ukraine-targets-shadow-fleet-tanker-in-MediterraneanThe War Zone / TWZ (Dec 19, 2025) – Ukraine Strikes Russia-Linked Tanker In The Mediterranean With ‘Bomber Drone' - https://www.twz.com/news-features/ukraine-strikes-russia-linked-tanker-in-the-mediterranean-with-bomber-droneTradeWinds (Dec 19, 2025) – Video: Russia-trading tanker hit by fresh drone strike, Ukraine says - https://www.tradewindsnews.com/casualties/video-russia-trading-tanker-hit-by-fresh-drone-strike-ukraine-says/2-1-1919744Reuters (Dec 10, 2025) – Ukraine disables 'shadow fleet' vessel with sea drones in Black Sea - https://www.reuters.com/world/europe/ukraine-disables-shadow-fleet-vessel-with-sea-drones-black-sea-2025-12-10/----------Silicon Curtain is a part of the Christmas Tree Trucks 2025 campaign - an ambitious fundraiser led by a group of our wonderful team of information warriors raising 110,000 EUR for the Ukrainian army. https://car4ukraine.com/campaigns/christmas-tree-trucks-2025-silicon-curtainThe Goal of the Campaign for the Silicon Curtain community:- 1 armoured battle-ready pickupWe are sourcing all vehicles around 2010-2017 or newer, mainly Toyota Hilux or Mitsubishi L200, with low mileage and fully serviced. These are some of the greatest and the most reliable pickups possible to be on the frontline in Ukraine. Who will receive the vehicles?https://car4ukraine.com/campaigns/christmas-tree-trucks-2025-silicon-curtain- The 38th Marine Brigade, who alone held Krynki for 124 days, receiving the Military Cross of Honour.- The 1027th Anti-aircraft and artillery regiment. Honoured by NATO as Defender of the Year 2024 and recipient of the Military Cross of Honour.- 104th Separate Brigade, Infantry, who alone held Kherson for 100 days, establishing conditions for the liberation of the city.- 93rd Brigade "Kholodnyi Yar", Black Raven Unmanned Systems Battalion ----------

The source introduces Vanguard, a newly designed and built subsea human habitat, which will enable a new era of marine biology research by allowing aquanauts to live and work underwater at ocean pressure for extended periods. This saturation diving capability eliminates the significant time loss associated with traditional daily dives, allowing researchers to conduct up to nine hours of actual underwater work per day for missions lasting weeks or months. Experts emphasize that living at depth will revolutionize science by enabling long-duration observations of complex marine processes, such as coral growth and the diel vertical migration. Furthermore, Vanguard will facilitate critical research into the effects of hyperbaric environments on the human body, providing insights for both undersea activities and space analog missions.Original article = https://www.newscientist.com/article/2507031-how-aquanauts-will-change-our-view-of-the-ocean/#VanguardHabitat #SubseaHabitat #Aquanauts #SaturationDiving #UnderwaterHabitat #OceanScience#MarineBiology #DeepSeaResearch #LivingUnderwaterhttp://atlantisseacolony.com/https://www.patreon.com/atlantisseacolonyhttps://discord.gg/jp5aSSkfNS

The polished facade of NXIVM has shattered, and in Part 2, we take you inside the federal courthouse where its leaders finally face justice. We explore the harrowing trial of Keith Raniere, built on the brave testimony of the women who escaped his control. From the secret master-slave sorority known as DOS to the shocking details of branding, blackmail, and psychological abuse, the full truth of the cult is laid bare. We cover the verdicts, the sentences, and the downfall of the man who called himself "Vanguard." But what happens after the headlines fade? To discuss the case's complex legacy, we are joined by a special guest: Natalie, the host of the popular podcast "Allison After NXIVM." She shares her unique insights into the story, the people involved, and the long road to recovery for those who lived through it. Find more information about "Allison After NXIVM" here Thank you to this week's sponsors! IQBAR is offering our special podcast listeners 20% off all IQBAR products—including the sampler pack—plus FREE shipping. Text MOMS to 64000.  Message and data rates may apply. See terms for details. Give the gift of confidence this holiday season with Nutrafol. Right now, Nutrafol is offering our listeners $10 off your first month's subscription plus free shipping when you go to Nutrafol.com com and use promo code MOMS. It's time to get your own personal stylist with DailyLook.  Head to DailyLook.com to take your style quiz and use code MOMS for 50% off your first order.  #truecrime #truecrimepodcast #momsandmysteries #nxivm #keithraniere #trial #dos #allisonafternxivm #justice #cult New episodes every Tuesday and Thursday! Follow us on Instagram: @momsandmysteries Join our Patreon: ⁠patreon.com/momsandmysteries ⁠ Visit our website: ⁠momsandmysteries.com

Melody Wilding breaks down the crucial conversations to have with your boss to improve your work life. — YOU'LL LEARN — 1) How to differentiate yourself with one conversation 2) How to build your pushback power 3) The easiest way to improve your visibility Subscribe or visit AwesomeAtYourJob.com/ep1038 for clickable versions of the links below. — ABOUT MELODY — Melody Wilding is a professor of human behavior at Hunter College and author of Managing Up. She was recently named one of Insider's “most innovative career coaches.” Her background as a therapist and emotions researcher informs her unique approach, weaving evidence-based neuroscience and psychology with professional development. Her previous book is Trust Yourself. • Book: Managing Up: How to Get What You Need from the People in Charge • Website: ManagingUp.com — RESOURCES MENTIONED IN THE SHOW — • Book: Difficult Conversations: How to Discuss What Matters Most by Douglas Stone, Bruce Patton, and Sheila Heen • Book: Thanks for the Feedback: The Science and Art of Receiving Feedback Well by Douglas Stone and Sheila Heen — THANK YOU SPONSORS! — • Vanguard. Give your clients consistent results year in and year out with vanguard.com/AUDIO• Quince. Get free shipping and 365-day returns on your order with Quince.com/Awesome• Taelor. Visit Visit taelor.style and get 10% off gift cards with the code PODCASTGIFT• Cashflow Podcasting. Explore launching (or outsourcing) your podcast with a free 10-minute call with Pete.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The boys, back in town, discuss what they have beenlistening to. Their list includes four rock-n-roll hall of famers, three recently departed legends, two underground rap heavyweights, and a partrige in a pear tree. Jay's wing gets clipped as Deon's sampling gets a little out of hand. Get into it.Sonic contributors to the 28th BONUS episode of Lightnin' Licks Radio podcast include: A wealth of treasures from the KPM Archives; the prompt was 50's lounge. Brothers Johnson, Dave Matthews Band, DJ NuMark, Jurassic 5. James Todd Smith, Ice Cube, One Eye, Cynthia Fee & Andrew Gold, Sleepy Donnie POSPOTUS, Darling Jula @soundwavesoffwax, MattHeller A.K.A. DJ Snakes. The E-Street Band. Bruce Springsteen, The Boss-type beats, Bob Dylan, Timothy Chalamet, Paul Walter Houser, Jeremy Allen White. Bon Iver, Cowboy Junkies, Pavement. Stephen Malkmus, Lottie's, Talking Heads, R.E.M., Warren Zevon, John Hammond. Miranda from Endless Scroll podcast, Dua Lipa, Tame Impala, The Beatles, Lil' Yachty, Marvin Gaye, J.J. Fad, Black Circle Radio, Arc of All, The Source of Light and Power, Open Mike Eagle's What Had Happened Was podcast, Chris Rock, Height Keech, Prince Paul. Handsome Boy Modeling School, Dr. Octogon, Kool Keith, Dan the Automater, Chris Elliot, Right Said Fred, Beastie Boys, Bee Gees, Kardinall Offshall, Sly Boogy, TikTokker @cgleason22, Dave James, D'Angelo, Questlove, Questlove's eulogy of D'Angelo, Prince, The Roots, Dr. Dre & Snoop Doggy Dogg, The Vanguard, DJ Premier, Q Tip, Brian Baumgartner, Blindboy Boatclub, Iggy Pop, Kiss, Ace Frehly, Dick Dale, Phill Most Chill, RUN DMC, Soft Cell, Pet Shop Boys, Human League, Jimi Hendrix, Sammy Cahn, Jimmy Van Heusen, Frank Sinatra, Bobby Darin, and actor Larry Thomas. Our super-secret-special-sonic friends that we may or may not have even ever met include Miranda Reinert, Mitch Anderson, Open Mike Eagle, and Prince Paul.Suggestions: Deon – Cowboy Junkies by way of BruceSpringsteen, Lottie's, D'Angelo, and Phill Most Chill. Jay – New old R.E.M., Warren Zevon, Ace Frehly, Soft Cell. Miranda – Tame Impala. Mitch – Sweetwater, but not the 90's grunge outfit, rather the 60's psych folk collective. Mike & Paul – Doctor Octogon by way of Handsome Boy Modeling School.Mixtape can be heard UNCUT on Soundcloud HERE. A Spotifyplaylist with most featured tracks can be found HERE. As expected, the mix is cut fom the episode due to copyright claims. Please purchase music. Also like and subscribe to cool podcasts. Also volunteer in your community. (1) Sweetwater - In a Rainbow (2) Phill Most Chill - I'm (3) Warren Zevon - The Worrier King (4) Ace Frehley - What's on Your Mind? (5) Lottie's - The Cut.(1) Cowboy Junkies - My Father's House (2) D'Angelo and the Vanguard - Another Life (3) Tame Impala and HAIM - 'Cause I'm a Man [Deon's Half&Half remix] (4) R.E.M. - Radio Free Europe [Jacknife Lee remix] (5) Dr. Octagon - BlueFlowers [Prince Paul's It's so Beautiful remix] (6) Soft Cell -Where the Heart is.Happy Holidays.

‘Tis the season for “best of,” “most,” and of course, “naughty and nice” list making.  In this episode Nevin (Adams) and Fred (Reish) share theirs with regard to retirement plans.In that holiday classic “Santa Claus is Coming to Town,”Santa is said to be “making a list and checking it twice…” all with the purpose of finding out “who's naughty and nice.” Well, in this special holiday-inspired episode, Nevin and Fred share their lists.  So, who/what is going to wind up with a lump of coal in their stocking?Here are our lists:Naughty 1. Surveys that promote bogus data to generate business for themselves.  Scare techniques generally, including by those who use surveys and studies to do that.2. Frivolous lawsuits - given multiple chances to make their claim(s) - the forfeiture suits primarily (note:  some of that comes from apparent conflicts in the laws and regulations…for example, the IRS says that using forfeitures to offset contributions is possible, but the DOL says that, if left to discretion, it is a fiduciary duty that must be in the best interest of participants.3. Social Security looming shortfalls left unaddressed - and everyone says it won't be a problem.  4. The lack of any integrated fiduciary/institutional answer to retirement income. Although the steps taken, e.g., the SECURE Act, are “nice.”5. The complexity of the laws governing qualified plans, especially when it comes to small employers.Nice1. Signs that people are saving more and better. Evidence in PSCA, Vanguard and Fidelity surveys.  The very low costs of saving through 401(k) plans as compared to retail (andpartially the plaintiffs' attorneys who have contributed to that).2. DOL backing plan fiduciaries on the forfeiture reallocation suit.   3. More personalized target-date funds/managed accounts.4. Pooled Employer plans (though keep an eye on themarketing and administration of these programs down the road).5. Mandatory automatic enrollment for new 401(k) and 403(b) plans.6. Retirement issues continue to be a bipartisan issue mostly). Episode Resources:Misleading headlines/surveysTalking Points: Third Time No Charm in ‘Forgotten Account' FantasyTalking Points: IRA ‘Junk' BunkNo 'Magic' in These 401(k) Retirement NumbersTalking Points: A Red Flag for a ‘Red Flag' Report).Social Security'Nothing' Doing About Social Security?Forfeiture StuffDOL Backs HP in Forfeiture Reallocation Suit AppealSECURE 2.0 and Retirement IncomeSECURE Act and Guaranteed Income (Part 3) - Fred Reish6 Obstacles to Retirement Income AdoptionPEPsNevin & Fred: Could a Predominant PEPs Prediction Prove Positive?Automatic EnrollmentThe SECURE Act 2.0: The Most Impactful Provisions (#1–Automatic Plans) - Fred ReishThe SECURE Act 2.0: The Most Impactful Provisions #13 — Starter 401(k) Plans and Safe Harbor 403(b) Plans - Fred ReishThings I Worry About (6): Automatic Enrollment (5) and PEPs - Fred Reish 

On episode 443 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss: the stock market rally is broadening out, no one wants an AI bubble, the return outlook for 2026, Howard Marks on how to invest today, hedging an AI bubble, concentration risk, financial markets don't care about labor markets yet, the worst part about inflation, data centers in space, the housing outlook for 2026 and more. This episode is sponsored by YCharts and Vanguard. This episode is sponsored by YCharts. download Charts That Defined 2025, and start your free YCharts trial through Animal Spirits (new customers only) at https://go.ycharts.com/animal-spirits Learn more about Vanguard at: ⁠https://www.vanguard.com/audio Sign up for The Compound newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Find complete show notes on our blogs: Ben Carlson's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Michael Batnick's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠animalspirits@thecompoundnews.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation.   Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode of Talking Real Money takes aim at the latest “easy money” illusion—house flipping—explaining why rising costs, higher interest rates, softer housing demand, and plain old competition have drained much of its appeal. Tom and Don connect flipping's decline to a familiar pattern of speculative behavior, much like day trading or past real estate manias, and reinforce why there are no reliable shortcuts to wealth. Listener calls drive a wide-ranging discussion on global diversification versus U.S.-only investing, the dangers of concentration risk in the S&P 500, how recency bias distorts performance comparisons, and why owning more markets matters more than making predictions. The episode wraps with practical retirement guidance for older investors, including simplifying portfolios with low-cost target-date funds, and closes with trademark humor and perspective. 0:05 Show open, intro banter, singing callbacks, and weekend rhythm 0:28 House flipping compared to day trading and FOMO investing 1:28 Why flipping activity is down sharply: costs, rates, and competition 3:41 The myth of “passive income” in real estate 4:50 Softer housing markets and demographic headwinds 6:02 No magic systems—long-term investing still wins 8:27 Lisa (Colorado): investing nonprofit funds at Vanguard 10:30 VOO vs VTI vs VT and the case for global diversification 12:29 Volatility, standard deviation, and diversification basics 14:44 Sharpe ratios, recency bias, and misleading performance metrics 16:54 Charles (Seattle): Boeing plans, VOO, and AVGE at Schwab 18:32 S&P 500 concentration risk and the “Magnificent Seven” 21:33 Jason (Sammamish): VTI vs VT debate and long-term market data 28:41 Debbie (Camano Island): portfolio risk concerns at age 73 31:20 Risk tolerance vs risk capacity in retirement 33:16 Vanguard target-date funds as a simple retirement solution 36:01 Lighter close with creative fundraising and holiday humor Learn more about your ad choices. Visit megaphone.fm/adchoices

Imagine thinking you signed up for a self-improvement course, only to wake up inside a secret hierarchy where starvation, blackmail, and branding were sold as empowerment. This is the story of NXIVM, the so-called leadership program that unraveled into one of the most disturbing criminal enterprises in modern history.   In Part 1, we pull back the curtain on how Keith Raniere, a man who called himself "Vanguard," and his partner Nancy Salzman built a multi-million dollar empire on the promise of human potential. We explore the early days of their Executive Success Programs (ESP), the manipulative techniques used to lure in thousands of followers—including celebrities and business leaders—and the slow, deliberate process of indoctrination. How did a group that started with corporate retreats and PowerPoint presentations devolve into a destructive cult? We trace the origins of the abuse, the creation of a master-slave sorority, and the psychological tactics that kept its members loyal, even as the darkness closed in.   Thank you to this week's sponsors!   Find gifts so good you'll want to keep them with Quince! Go to Quince.com/moms for free shipping on your order and 365-day returns. Now available in Canada, too.   Head to Wayfair.com right now to shop all things home.    #truecrime #truecrimepodcast #momsandmysteries #nxivm #keithraniere #cult #nancysalzman #selfhelp #esp #vanguard     New episodes every Tuesday and Thursday!   Follow us on Instagram: @momsandmysteries   Join our Patreon: patreon.com/momsandmysteries    Visit our website: momsandmysteries.com

In Chapter 39 of The Book of Trump, Ghost is joined by Burning Bright for a deep dive into the concept of “The Vanguard” and Russia's evolving role in the global power shift. This episode examines Chechnya, Dagestan, and the Caucasus through the lens of history, warfare, and culture, connecting the Russo Chechen wars to modern geopolitics, MMA, and the restructuring of Russian military and security forces. The discussion explores Ramzan Kadyrov, the rise of Chechen units as loyal power brokers, and how combat sports, masculinity, and cultural identity intersect with sovereignty and statecraft. Ghost and Burning Bright challenge mainstream narratives around Russia, extremism, and propaganda, arguing that flawed premises can lead to confidently wrong conclusions. This chapter frames Russia as a central player in a broader sovereign alliance, setting the stage for understanding modern alliances, controlled opposition, and the deeper forces shaping today's global realignment.

Joseph Nguyen discusses the hidden relationship between thinking and suffering—and offers a powerful framework for achieving peace of mind. — YOU'LL LEARN — 1) How to spot and stop negative judgments 2) How to PAUSE overthinking 3) How to beat procrastination with SPA Subscribe or visit AwesomeAtYourJob.com/ep1045 for clickable versions of the links below. — ABOUT JOSEPH — Joseph Nguyen is the author of the #1 international bestselling book, Don't Believe Everything You Think, which has been translated into 40+ languages. He is a writer who helps others realize who they truly are beyond their own thinking and conditioning to live an abundant life free from psychological and emotional suffering. When he's not busy petting his three cats that he's allergic to, he spends the rest of his time writing, teaching, speaking, and sharing timeless wisdom to help people discover their own divinity from within and how they are the answer they've been looking for their entire lives.• Book: Don't Believe Everything You Think: Why Your Thinking Is The Beginning & End Of Suffering (Beyond Suffering) • Website: JosephNguyen.org • YouTube: @itsjosephnguyen — RESOURCES MENTIONED IN THE SHOW — • Study: "A Wandering Mind is an Unhappy One" by Matthew A. Killingsworth and Daniel T. Gilbert • Book: Outwitting the Devil: The Secret to Freedom and Success by Napoleon Hill • Past episode: 429: A Navy SEAL's Surprising Key to Building Unstoppable Teams: Caring • Past episode: 1037: A Better Approach to Chasing Goals: Tiny Experiments with Anne-Laure Le Cunff— THANK YOU SPONSORS! — • Vanguard. Give your clients consistent results year in and year out with vanguard.com/AUDIO• Quince. Get free shipping and 365-day returns on your order with Quince.com/Awesome• Taelor. Visit Visit taelor.style and get 10% off gift cards with the code PODCASTGIFT• Cashflow Podcasting. Explore launching (or outsourcing) your podcast with a free 10-minute call with Pete.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

If you're nearing retirement and uneasy about the math, you're not alone. Don and Tom tackle the uncomfortable reality that most near-retirees haven't actually run the numbers—and many won't like what they see when they do. Drawing on Vanguard data and real-world client experience, they break down three practical ways to shrink a retirement gap: working longer (but not necessarily full-time), thoughtfully tapping home equity, and spending less before and during retirement. 0:06 Opening and the retirement gap problem 0:52 Podcast platforms, Apple vs Spotify, and Don's short-story empire 4:08 How TRM ranks among investing podcasts and why that still feels surreal 5:24 Vanguard data: only 40% of near-retirees are on track 6:51 Kids, money, and why retirement math gets uncomfortable fast 7:51 Strategy #1: Working longer (and why part-time can be powerful) 9:41 Purpose, boredom, and the underrated psychology of retirement 10:00 Strategy #2: Home equity as a retirement resource 11:12 Downsizing, renting, HELOCs, and reverse mortgage trade-offs 13:05 Strategy #3: Spending less—before and during retirement 14:29 Reverse mortgage costs, limits, and real-world implications 17:01 Social Security timing and when immediate annuities actually help 18:40 Inflation risk, fixed income streams, and practical trade-offs 19:02 Listener Q: AVGE vs DFAW and understanding underlying holdings 21:48 Listener Q: Aggressive Roth portfolios intended for heirs 25:30 Listener Q: Washington 529 plans and GET vs traditional 529s 27:32 Listener Q: Quantum computing (short answer: no) 28:59 Sector investing, AI hype, and why diversification wins Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Crazy Wisdom, Stewart Alsop sits down with Javier Villar for a wide-ranging conversation on Argentina, Spain's political drift, fiat money, the psychology of crowds, Dr. Hawkins' levels of consciousness, the role of elites and intelligence agencies, spiritual warfare, and whether modern technology accelerates human freedom or deepens control. Javier speaks candidly about symbolism, the erosion of sovereignty, the pandemic as a global turning point, and how spiritual frameworks help make sense of political theater.Check out this GPT we trained on the conversationTimestamps00:00 Stewart and Javier compare Argentina and Spain, touching on cultural similarity, Argentinization, socialism, and the slow collapse of fiat systems.05:00 They explore Brave New World conditioning, narrative control, traditional Catholics, and the psychology of obedience in the pandemic.10:00 Discussion shifts to Milei, political theater, BlackRock, Vanguard, mega-corporations, and the illusion of national sovereignty under a single world system.15:00 Stewart and Javier examine China, communism, spiritual structures, karmic cycles, Kali Yuga, and the idea of governments at war with their own people.20:00 They move into Revelations, Hawkins, calibrations, conspiracy labels, satanic vs luciferic energy, and elites using prophecy as a script.25:00 Conversation deepens into ego vs Satan, entrapment networks, Epstein Island, Crowley, Masonic symbolism, and spiritual corruption.30:00 They question secularism, the state as religion, technology, AI, surveillance, freedom of currency, and the creative potential suppressed by government.35:00 Ending with Bitcoin, stablecoins, network-state ideas, U.S. power, Argentina's contradictions, and whether optimism is still warranted.Key InsightsArgentina and Spain mirror each other's decline. Javier argues that despite surface differences, both countries share cultural instincts that make them vulnerable to the same political traps—particularly the expansion of the welfare state, the erosion of sovereignty, and what he calls the “Argentinization” of Spain. This framing turns the episode into a study of how nations repeat each other's mistakes.Fiat systems create a controlled collapse rather than a dramatic one. Instead of Weimar-style hyperinflation, Javier claims modern monetary structures are engineered to “boil the frog,” preserving the illusion of stability while deepening dependency on the state. This slow-motion decline is portrayed as intentional rather than accidental.Political leaders are actors within a single global architecture of power. Whether discussing Milei, Trump, or European politics, Javier maintains that governments answer to mega-corporations and intelligence networks, not citizens. National politics, in this view, is theater masking a unified global managerial order.Pandemic behavior revealed mass submission to narrative control. Stewart and Javier revisit 2020 as a psychological milestone, arguing that obedience to lockdowns and mandates exposed a widespread inability to question authority. For Javier, this moment clarified who can perceive truth and who collapses under social pressure.Hawkins' map of consciousness shapes their interpretation of good and evil. They use the 200 threshold to distinguish animal from angelic behavior, exploring whether ego itself is the “Satanic” force. Javier suggests Hawkins avoided explicit talk of Satan because most people cannot face metaphysical truth without defensiveness.Elites rely on symbolic power, secrecy, and coercion. References to Epstein Island, Masonic symbolism, and intelligence-agency entrapment support Javier's view that modern control systems operate through sexual blackmail, ritual imagery, and hidden hierarchies rather than democratic mechanisms.Technology's promise is strangled by state power. While Stewart sees potential in AI, crypto, and network-state ideas, Javier insists innovation is meaningless without freedom of currency, association, and exchange. Technology is neutral, he argues, but becomes a tool of surveillance and control when monopolized by governments.

In this episode we answer emails from Anonymous from New Jersey, James, and Brad.  We answer a donor's six-part retirement plan, from mortgages and liquidity to 403(b) constraints, ETF trading, asset location, asset swaps, and tax‑savvy withdrawals. Then we discuss the risks of staying in an accumulation portfolio for too long and the options for obviating a crash before transitioning. And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Father McKenna Center Donation Page:  Donate - Father McKenna CenterHow To Do An Asset Swap Video from Risk Parity Chronicles:  How to Do an Asset SwapTax Planning Book:  Amazon.com: Tax Planning To and Through Early Retirement: 9798999841599: Garrett, Cody, Mullaney, Sean: BooksBreathless AI-Bot Summary:Ever wonder whether paying down a mortgage before retirement is actually the safest move? We make the counterintuitive case for liquidity first: keep cash flexible during the messy early retirement years, when housing changes, college timelines, and new expenses collide. With a real listener case study, we show how a mortgage can be a tool, not a trap—and why you can always accelerate later once the dust settles.From there we dig into a pain point for many educators and nonprofit pros: weak 403(b) lineups. We break down why insurance-driven menus lag, how to advocate for better providers and funds, and when it makes sense to roll to an IRA for full control. You'll also learn how to keep tracking simple, why monthly check‑ins beat daily dashboards, and how consolidating at a service‑oriented custodian streamlines everything. On execution, we explain why ETFs beat mutual funds for rebalancing speed and precision, plus how to convert Vanguard mutual funds to ETFs without tax surprises.Taxes and withdrawals get the spotlight too. We clarify asset location—shelter ordinary income, let capital appreciation work in brokerage and Roth—and outline “asset swaps” that let you sell what's up while managing tax impact. For those still accumulating, we talk strategy for a smoother glide into a risk parity portfolio to reduce sequence risk, and the trade-offs between earlier protection and maximum growth. We wrap with a market scoreboard across stocks, bonds, gold, REITs, commodities, preferreds, and managed futures, and report on sample portfolios including Golden Butterfly, Golden Ratio, Ultimate, and leveraged variants.If you value actionable, no-nonsense guidance for DIY investors, you'll find ideas you can use right away—whether you're five years from retirement or still building your base. Subscribe, leave a review, and share this with a friend who's wrestling with 403(b) choices or planning a tax-smart withdrawal strategy.Support the show

Vanguard raises admin fees on 403(b) plans (again). CIT 403(b) legislation is back in the news. Equitable hits dubious milestone. New financial term.   April 2025 Admin Fee Increase Et tu, Vanguard pod? Learned by Being Burned (short pod series about K-12 403(b) issues) 403bwise.org Meridian Wealth Management Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).

Adam Galinsky reveals the core skills anyone can master for more inspiring leadership. — YOU'LL LEARN — 1) The easiest way to uplift the people around you 2) The 15-minute exercise that makes you visionary 3) The quick trick to feeling more confident and powerful Subscribe or visit AwesomeAtYourJob.com/ep1020 for clickable versions of the links below. — ABOUT ADAM — Adam Galinsky is a celebrated social psychologist at Columbia Business School known for his research on leadership, decision-making, teams and ethics. His scientific research—consisting of over 1000 studies published in over 200 scientific articles—has been cited more than 64,000 times. In Galinsky's latest book, Inspire, he weaves together his decades of research and global consulting experience to reveal the science of how to become more inspiring. His TED Talk, “How to Speak Up For Yourself,” has been viewed more than 7.5 million times and his book Friend and Foe, was an audible and eBook bestseller. • Book: Inspire: The Universal Path for Leading Yourself and Others • Study: “The Vicious Cycle of Status Insecurity” • Website: AdamGalinsky.com — RESOURCES MENTIONED IN THE SHOW — • Study: “Considerations of Some Problems of Comprehension” by John D. Bransford and Marcia K. Johnson • Past episode: 279: How to Feel More Alive at Work with Dan Cable — THANK YOU SPONSORS! — • Vanguard. Give your clients consistent results year in and year out with vanguard.com/AUDIO• Quince. Get free shipping and 365-day returns on your order with Quince.com/Awesome• Taelor. Visit Visit taelor.style and get 10% off gift cards with the code PODCASTGIFT• Cashflow Podcasting. Explore launching (or outsourcing) your podcast with a free 10-minute call with Pete.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The crypto sector has celebrated a lot of policy wins in 2025, but price wise, it has arguably been a year to forget. In this episode of Unchained, Bitwise Head of Research Ryan Rasmussen and Arca Portfolio Manager David Nage join host Laura Shin to discuss the disappointing crypto markets and why their outlook on 2026 is more positive. They also explained why Vanguard's crypto pivot is a huge deal, questioned whether Bitcoin could ever be unseated by privacy coins, and discussed why they don't see the bubble in the DAT market hurting crypto. Need liquidity without selling your crypto? Take out a Figure Crypto-Backed Loan, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event.  Thank you to our sponsor, Figure! Unlock your crypto's potential today at Figure!  Guests: Ryan Rasmussen, Head of Research at Bitwise David Nage, Portfolio Manager at Arca Previous appearance on Unchained: The LayerZero-Wormhole Contest Shows How to Value a Crypto Business Links: Unchained: Bitcoin Resets Above $90,000, but Can Bulls Keep the Momentum? Bits + Bips: Vanguard's Crypto U-Turn, Tether/MSTR FUD & Picking Future Winners Bits + Bips: Why the Markets Now Have a Bullish Setup Franklin Templeton Rolls Out First Tokenized Fund in Hong Kong Why Every Company Will Have a Stablecoin — and Why One L2 Isn't Enough Grayscale Files to List Zcash ETF What Ethereum Will Look Like When It Implements Its New Privacy Focus Other relevant links: Bank of America Broadens Access to Crypto Funds SEC's Paul Atkins touts 'tokenization' as key to modernizing US markets Larry Fink and Rob Goldstein on how tokenization could transform finance My Highest-Conviction Bet in Crypto Stablecoin payments on Stripe cost 1.5% of the transaction amount. Credit card fees are as high as 3.5%. Less than half of the cost! Bitcoin's “Facebook Moment”  Timestamps:

Don and Tom take a sharp look at Vanguard's surprising new direction, especially the decision to fold annuities into 401(k) target-date funds through lightly regulated collective trusts. They contrast Vanguard's historical simplicity with today's trend toward complexity, comparing costs, structure, and risk across major providers. Listeners call in with questions about Roth conversions, Schwab target-date funds, entering the market after a forced delay, and whether TIPS or buffered ETFs are worth owning. Throughout, Don and Tom hammer home the fundamentals: low costs matter, complexity harms investors, active management rarely pays, and your stock/bond mix—not gimmicks—drives long-term success. 0:04 Opening and setup: Vanguard's recent drift toward complex products 1:03 Vanguard's dominance in target-date funds and why simplicity used to be the point 1:58 Vanguard adding annuities into 401(k) target-date funds — is this helping anyone? 3:11 What does an annuity inside a target-date fund even mean? 4:03 The 25% annuity allocation example and the misleading “8% payout” illusion 5:03 TIAA's role and why annuity costs remain unclear 6:28 Are annuities inside retirement plans a solution in search of a problem? 7:38 The fine print: Vanguard's new collective trusts and weak disclosure requirements 8:20 Why collective investment trusts are lightly regulated and potentially concerning 9:07 Caller: Roth conversions when you're withdrawing to live on — should you stop? 11:32 When Roth conversions lose their benefit and why you need cash for taxes 12:21 Caller: Are Schwab target-date funds worth it in a Roth? (Short answer: No.) 13:31 Why Schwab's higher fees and low international allocation are a problem 14:52 Active management inside target-date funds — unnecessary and risky 16:12 Risk vs. return: Schwab's higher volatility and lower historical performance 16:41 Caller: Missed market gains while transferring funds — how to get back in 18:49 When market discomfort signals a stock/bond misalignment 20:16 Comparing Schwab vs. Vanguard target-date funds over 15 years 21:37 Why lower cost + lower volatility + better return makes Vanguard the clear win 22:02 Should you fear future gimmicks like private credit inside target-date funds? 23:29 Caller PSA: Realizing capital gains in a low-income year 24:06 ETF explosion — 908 new ETFs this year, most using leverage or derivatives 25:29 Why “ETF” doesn't mean good; junk ETFs equal junk mutual funds 26:05 Structural benefits of ETFs and why the market prefers them 27:29 Soccer vs. NFL detour, then back to phone calls 29:07 Listener question from Colorado: Should you buy a TIPS fund? 31:01 Why TIPS rarely add value in diversified portfolios 33:22 TIPS behave more like inflation bets than true inflation protection 34:34 Why simple, short/intermediate, high-quality bonds—and CDs—often do the job 36:17 Caller: What is a buffered ETF, and why does it sound like an annuity? 37:29 Buffered ETFs explained: expensive, complicated, and unnecessary 38:30 Why gimmicks dominate product launches and how they hurt investors Learn more about your ad choices. Visit megaphone.fm/adchoices

An incident at a Cinnabon dominated social media over the weekend, and a woman was fired for calling someone a naughty word. Santa won't be happy. The Trump administration suggested a new rule to limit asset management funds, like Black Rock and Vanguard. Then he said "affordability" is a con-job. So, let's do a good Trump, bad Trump. Pope Leo is out there saying that anti-Islamic rhetoric in Europe is xenophobic. The Crusades called. They want their religion back. GUEST: Josh Firestine Link to today's sources: https://www.louderwithcrowder.com/sources-december-8-2025 Let my sponsor American Financing help you regain control of your finances. Go to https://americanfinancing.net/crowder or call 800-974-6500. NMLS 182334, http://nmlsconsumeraccess.org/ DOWNLOAD THE RUMBLE APP TODAY: https://rumble.com/our-apps Join Rumble Premium to watch this show every day! http://louderwithcrowder.com/Premium Get your favorite LWC gear: https://crowdershop.com/ Bite-Sized Content: https://rumble.com/c/CrowderBits Subscribe to my podcast: https://rss.com/podcasts/louder-with-crowder/ FOLLOW ME: Website: https://louderwithcrowder.com/ Twitter: https://twitter.com/scrowder Instagram: http://www.instagram.com/louderwithcrowder Facebook: https://www.facebook.com/stevencrowderofficial Music by @Pogo

Kimberly Brown shares practical steps on how to take charge of your career and steer it with intention.— YOU'LL LEARN — 1) The framework for improving your reputation 2) How to cultivate relationships that advance your career3) How to identify and amplify the one thing that makes you stand outSubscribe or visit AwesomeAtYourJob.com/ep1116 for clickable versions of the links below. — ABOUT KIMBERLY — Kimberly Brown is a globally recognized career and leadership strategist, bestselling author, and international keynote speaker. As the founder and CEO of Brown Leadership®, a premier learning and development firm, she helps mid-career and senior professionals amplify their brands, accelerate growth, and drive performance. Her bestselling book, Next Move, Best Move: Transitioning Into a Career You'll Love, has empowered thousands to take control of their careers with strategy and confidence. She also hosts the Your Next Move Podcast, where she shares actionable insights on career advancement. A trusted expert, Kimberly's work has been featured in The Wall Street Journal, Harvard Business Review, Forbes, CNBC, NPR, and more. Find her online at kimberlybonline.com and brownleadership.com and follow her (@kimberlybonline) on LinkedIn, Facebook, Instagram, and Threads. • Book: Next Move, Best Move: Transitioning Into a Career You'll Love• Website: BrownLeadership.com• Website: KimberlyBOnline.com— RESOURCES MENTIONED IN THE SHOW — • Past episode: 686: How to Make Your Next Career Move Your Best Move with Kimberly Brown• Past episode: 1054: Maximizing Your Pipelines and Funnels of Opportunity with Kara Smith Brown• Tool: ClickUp— THANK YOU SPONSORS! — • Vanguard. Give your clients consistent results year in and year out with vanguard.com/AUDIO• Quince. Get free shipping and 365-day returns on your order with Quince.com/Awesome• Taelor. Visit Visit taelor.style and get 10% off gift cards with the code PODCASTGIFT• Cashflow Podcasting. Explore launching (or outsourcing) your podcast with a free 10-minute call with Pete.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, Don and Tom saddle up for a tour through Schwab's “Good, Bad, and Ugly.” They applaud CEO Rick Wurster's warning about the growing overlap between gambling and investing, take a hard look at Schwab's retail-side conflicts and non-fiduciary sales practices, and then recoil at the truly ugly: Schwab's acquisition of Forge Global and its push to open private-company speculation to everyday investors. From there, they field listener questions about crypto's pointless search for a purpose, how to implement a disciplined 5 percent retirement withdrawal strategy, the ins and outs of tax-free Vanguard mutual-fund-to-ETF conversions, and whether a younger spouse should convert a large TSP balance to Roth. It's classic Talking Real Money: skeptical, practical, consumer-first, and mildly exhausted by the Wild West of modern finance. 0:04 Investing as the Wild West and why caveat emptor still defines the industry 0:24 Schwab's role as custodian vs. broker and how they reshaped trading costs 1:14 Schwab's discount-broker origins and institutional dominance 2:37 Free trades, market influence, and why Schwab became the industry's leader 3:52 CEO Rick Wurster's warning about gambling creeping into investing 4:43 Sports betting numbers, prop bets, and why only 5 percent come out ahead 5:54 The “bad”: Schwab retail selling and the fiduciary confusion 6:40 The “ugly”: Schwab buying Forge Global and pushing private-company speculation 7:23 Why private equity is riskier, pricier, illiquid, and over-hyped 8:17 The myth of private companies outperforming public ones 9:22 Why the Wild West persists: weak oversight, self-dealing, and revolving doors 10:48 Listener question: stablecoins, crypto legitimation, and the greater-fool problem 13:00 Currency concerns and why crypto still solves nothing 13:50 5 percent withdrawal strategy: when and how to draw from your portfolio 15:28 Rebalancing, total return withdrawals, and annual cash-flow discipline 16:47 Why withdrawals should follow rebalancing, not lead it 17:56 Vanguard mutual-fund-to-ETF conversions: how they work and why they're useful 20:10 Expense-ratio savings vs. capital-gains distributions 20:55 TSP-to-Roth conversion question: tax-rate timing matters 22:44 Only convert if you can pay taxes from outside savings 23:08 Reminder: free adviser meetings, no sales pressure 24:10 TRM's longevity and approaching episode 2,000 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's episode of the Coin Stories News Block powered exclusively by Ledn, we cover these major headlines related to Bitcoin, macroeconomics, and global finance: Vanguard Ends Ban on Bitcoin ETFs Bank of America Recommends Up to 4% Bitcoin Allocation Larry Fink: "Sovereign Wealth Funds Are Buying the Dip" CFTC Greenlights Spot Trading on Regulated Exchanges Strategy Creates USD Reserve ---- The News Block is powered exclusively by Ledn – the global leader in Bitcoin-backed loans, issuing over $9 billion in loans since 2018, and they were the first to offer proof of reserves. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. My followers get .25% off their first loan. Learn more at www.ledn.io/natalie  ---- Order my new intro to Bitcoin book "Bitcoin is For Everyone": https://amzn.to/3WzFzfU  ---- Read every story in the News Block with visuals and charts! Join our mailing list and subscribe to our free Bitcoin newsletter: https://thenewsblock.substack.com  ---- References mentioned in the episode: Former Vanguard CEO's Bitcoin Comments Vanguard's Current View on Bitcoin Vanguard Will Allow Bitcoin ETFs on its Platform Bank of America Gives Greenlight to Advisors Larry Fink's Comments on Personal Bitcoin Views  Larry Fink's Comments on Sovereign Funds Fink: Sovereign Wealth Funds Have Been Buyers  Bank of America Expands Crypto Access to Clients Fidelity CEO Abigail Johnson's Comments on Bitcoin  CFTC Allows Spot Trading on Regulated Exchanges NVIDIA CEO Jensen Huang Talks Bitcoin  ProCap Financial Closes Transaction Twenty One Capital Closes Transaction Strategy Creates a $1.4B USD Reserve ---- Upcoming Events: Join us at Strategy World 2026 in Las Vegas, Nevada this February 23-26. Use code HODL for discounted passes: https://www.strategysoftware.com/world26  Bitcoin 2026 will be here before you know it. Get 10% off Early Bird passes using the code HODL: https://tickets.b.tc/event/bitcoin-2026?promoCodeTask=apply&promoCodeInput=  ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories #money #Bitcoin #investing

This Friday 5 runs through a week defined by Larry Fink's renewed tokenization push, MicroStrategy's move to eliminate default risk, major wealth platforms finally opening their doors to Bitcoin, and a macro backdrop where liquidity interventions are starting to matter again. It all culminates in a price week that didn't resolve the bear case but made the conversation far more interesting, with volatility returning even if direction hasn't. Headlines include: BlackRock's policy-facing tokenization thesis, MicroStrategy's $1.4B buffer, Vanguard and Bank of America shifting access, and the Fed's early signals on easing.

Niels and Alan explore how a fragile macro regime reshapes systematic investing, from a politicised Fed succession to widening cracks in a debt-laden, equity-dependent economy. A shifting bond landscape, rising capital demands from AI and renewed tariff risks challenge the old 60/40 orthodoxy. Listener questions on US policy shocks and the Yen carry trade open a deeper look at when trend helps and when it hurts. The episode culminates in a world exclusive of SocGen's 2026 index changes and the first public reveal of Alan's new paper: The Regime-Adaptive Portfolio, for genuinely resilient, opportunity-aware global wealth compounding intelligently, prudently over the decade ahead.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:00 - Voiceover and introduction to the Systematic Investor Series00:23 - Niels and Alan open, what is on their radar this week01:27 - Fed succession as a political risk factor and betting markets03:33 - Crypto moves, Vanguard's platform shift and MicroStrategy index pressure05:53 - Listener questions: can constant US policy shocks break trend?06:33 - Trouble for trend or just another regime to endure and adapt to08:55 - Short-term CTAs, Liberation Day and when speed becomes a handicap11:11 - How CTAs are positioned for a yen carry unwind and JGB nuances12:16 - November trend update, five straight positive months and short-term pain13:35 - World exclusive: new SocGen CTA and...

We will debate whether the S&P 500's historically high Shiller P/E (P/E10) ratio is justified by today's economic environment, or if the current market valuation—nearly matching the 2000 peak—signals an unsustainable bubble.Today's Stocks & Topics: Axon Enterprise, Inc. (AXON), Market Wrap, Invesco NASDAQ 100 ETF (QQQM), “Warning Signs: Is the Market P/E Ratio Justified?”, FactSet Research Systems Inc. (FDS), Abrdn Physical Silver Shares ETF (SIVR), iShares Silver Trust (SLV), Copper Supply and Demand, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB), Brookfield Asset Management Ltd. (BAM), Rockwell Automation, Inc. (ROK), Cameco Corporation (CCJ), Modine Manufacturing Company (MOD), Vanguard and 401k.Our Sponsors:* Check out Incogni: https://incogni.com/investtalk* Check out Invest529: https://www.invest529.com* Check out NordProtect: https://nordprotect.com/investalk* Check out Progressive: https://www.progressive.com* Check out Quince: https://quince.com/INVEST* Check out TruDiagnostic and use my code INVEST for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands

Anthony and John Pompliano break down the chaos inside today's markets — from Bitcoin's pullback to what's really happening with the ETFs. We dig into why Vanguard suddenly capitulated, how a Trump-appointed Fed chair could reshape the entire macro landscape, and why political goggles are destroying people's ability to think clearly about money. Plus, we unpack Michael and Susan Dell's massive $6.25 billion donation to jump-start investing accounts for 25 million American kids — and what it means for the next generation of wealth-building.======================Xapo Bank, the world's first fully licensed Bitcoin-enabled bank, offers military-grade security with an unmatched blend of physical and digital security, as well as pioneering regulatory oversight, so your funds are always protected. Beyond secure storage, they enable you to grow and use your Bitcoin. Earn daily interest in Bitcoin, spend with zero FX fees using a global card, and make instant payments via the Lightning Network for unrivalled access and convenience. Visit https://www.xapobank.com/pomp to join.======================Bitwise is one of the largest and fastest-growing crypto asset managers, with more than $15 billion in client assets across an expanding suite of investment solutions—including the world's largest crypto index fund—plus products spanning Bitcoin, Ethereum, DeFi, and crypto equities. In addition to managing assets, Bitwise helps investors stay informed about the fast-moving crypto market. Every week, CIO Matt Hougan breaks down what's happening in crypto in five minutes or less. Read the latest at https://experts.bitwiseinvestments.com/cio-memos. Certain Bitwise investment products may be subject to the extreme risks associated with investing in crypto assets. Visit https://bitwiseinvestments.com/disclosures to learn more.======================Timestamps: 0:00 – Intro1:29 – Bitcoin's price drop & volatility10:12 – ETF vs spot bitcoin & leverage warnings16:40 – Vanguard + institutions opening access to Bitcoin ETFs21:39 – Trump's Fed pick & Jerome Powell legacy25:56 – Political goggles: data, bias & media narratives33:45 – Doctors using ChatGPT & the future of expertise36:38 – Michael & Susan Dell's $6.25B Invest America