Podcasts about Vanguard

In this month's episode, we finally turn back the clock to see the humble but bloody beginnings of our favorite murderous magical girl, Hoshi Onna. In the meantime, the Vanquishers brave the vampiric siege of the tower, their ranks waning at the dark forces of the Vampirium.This month's charity. https://worldorphans.org/

Hey Campers! We have a Smörgåsbord of video game goodness this episode! Sweeney has his apple and bites it too, Halo Infinite Season 2 can't land the skill jump, and Activision blames World War 2 for Vanguard's poor reception. Stick around folks time to light up another Campfire. Check out our website at CampfireGamingPodcast.com Join the conversation on Twitter and Discord Listen to the episodes on your favorite service iTunes, Spotify, and Google Podcasts Intro Song: Jeremy Blake - Powerup! Outro Song: Gunnar Olsen - Dat Step --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/campfiregamingpodcast/message Support this podcast: https://anchor.fm/campfiregamingpodcast/support

On today's live Q&A we cover: 1:05 Should I avoid Target Date Retirement Funds due to the recent Vanguard debacle? 18:37 How can I make my children's summer vacation more productive? 53:38 Should I buy the house I'm living in? 1:00:35 Should I do a 1031 on my commercial property or simply sell it and pay the tax? 1:07:58 Should I have my mom set up a Medicaid Trust? 1:19:54 Can I move my business to Wyoming to save on California taxes? 1:32:03 Help me pick which government school to enroll my children in? 1:49:00 How will I know when I'm legitimately Coast FI? 2:03:15 How can I negotiate a better deal with my boss? Join me on next week's Q&A at https://patreon.com/radicalpersonalfinance  Joshua

How do you control the Bull on Wall Street? Simple: you put a ring through its nose. The name of that ring is ESG: Environmental, Social, and Governance scoring for financing and investment. Allegedly, ESG is supposed to provide a measure of a company's long-term sustainability and profitability, but it is, instead, the tool of a small number of so-called "stakeholders" who are actually technocrats. The tool enables big investment firms like Blackrock, Vanguard, State Street, Fidelity, and others to effectively run a monopoly-trust, which is to say a cartel, without being in direct violation of existing anti-trust legislation. If you wonder why everything, especially every big corporation, is going Woke, ESG is your answer. Join James Lindsay in this quick episode of New Discourses Bullets to break it down. Support New Discourses: paypal.me/newdiscourses newdiscourses.locals.com/support patreon.com/newdiscourses subscribestar.com/newdiscourses youtube.com/channel/UC9K5PLkj0N_b9JTPdSRwPkg/join Website: https://newdiscourses.com Follow: facebook.com/newdiscourses twitter.com/NewDiscourses instagram.com/newdiscourses https://newdiscourses.locals.com pinterest.com/newdiscourses linkedin.com/company/newdiscourses minds.com/newdiscourses reddit.com/r/NewDiscourses © 2022 New Discourses. All rights reserved.

10X CEO Tobie van Heerden and Gareth Stobie, his counterpart at CoreShares, join BizNews editor Alec Hogg to explain how having the two disruptors in a single unit will impact SA's investment market. Van Heerden, appointed six months ago to lead 10X, explains how the acquisition of CoreShares is the first step in an ambitious plan to dramatically scale the business into becoming the local equivalent of global giants Vanguard and Blackrock.

We're back after a lengthy hiatus with a tale of a kidnapped kitten, a lead on a witch, and the discovery of a suit. What fresh hell awaits our intrepid investigators? Find out on this week's episode of Cthulhu & Friends! Tell your mom!Want to peek behind the curtain? Check us out on Twitch where we record every Sunday. Click here to jump to our Twitch channel. Episodes star Fred, Mike, Nika, Steph, and Veronica. It was edited by Steph Kingston and produced by Veronica. The opening theme is by Rob Anderson and the voice-over was provided by Ric Lea. You can now follow the show's Twitter @CAFPodcast. Don't forget to subscribe to Fred's new podcast, Vanguard of the Veil, a Monster of the Week, Powered by the Apocalypse, real-play featuring Tim Lanning, Matthew Morris, and Veronica of Cthulhu & Friends fame. Be sure to check out some of the other GeeklyInc podcasts, such as Greeting Adventurers, Naruto Reviewto, and Dear Internet! Cthulhu & Friends is an actual play of the Pulp Cthulhu tabletop roleplaying game, but we still homebrewed some rules. Tell your friends! See acast.com/privacy for privacy and opt-out information.

IN THIS EPISODE, YOU'LL LEARN: 02:29 - What an ETF is and why it's a popular investment tool among retail investors.08:20 - How investors can parse through the thousands of ETFs available to determine which makes the most sense to them.15:44 - How Vanguard was originally created after Bogle was ousted out of his own company.19:09 - Why Vanguard's business model was so successful at attracting new investors.26:16 - Why other companies haven't followed the Vanguard playbook.34:22 - What drove Bogle to pass on almost all profits to investors through Vanguard.37:10 - Eric's thoughts on a potential index fund bubble.46:07 - How Vanguard is disrupting the financial services industry.50:02 - Eric's thoughts around the potential Bitcoin ETF.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESCheck out Eric's book, The Bogle Effect.Check out Bloomberg's podcast, Trillions.Bloomberg's show, Bloomberg ETF IQ.Robert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Related episode: MI024: Boglehead And Index Investing W/ Rick Ferri.Related episode: MI041: The Simple Path To Wealth W/ JL Collins.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Enjoy a simple, good tasting supplement that truly improves your health with Field of Greens! Get 15% off your first order and get another 10% off when you subscribe for recurring order with the promo code MILLENNIAL.Protect your family with Fabric Insurance's term life insurance now, in just 10 minutes.Have a business checking that's built for you, will go the distance with you, and admires your brave - Novo. The Investor's Podcast Network listeners get access to over $5,000 in perks and discounts.Tell mom how much you love her—and make sure she hears it in crystal-clear audio quality, with Raycon.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything. Read this episode's transcript and full show notes on our website.Connect with Eric: Book | LinkedIn | TwitterConnect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

BlackRock and Vanguard collectively own about 15% of every US company, but are they voting their shares in a way that aligns with investors in their funds? One new exchange-traded fund company, Strive Asset Management, says they aren't, claiming they've gone against their fiduciary duty by becoming too “woke” and forming an “ideological cartel.” Now it has plans to offer alternatives. We talk to Vivek Ramaswamy and Anson Frericks, co-founders of Strive. They plan to launch ETFs similar to those of BlackRock and Vanguard, but promise to keep politics and ESG concerns out of their voting. They discuss criticisms of ESG investing, stakeholder vs. shareholder capitalism and what Ramaswamy calls “excellence capitalism.” They also talk about how Strive will compete against the two biggest asset managers on the planet, and its noteworthy backers—including Peter Theil and Bill Ackman. See omnystudio.com/listener for privacy information.

Welcome to the Investing for Beginners podcast. In today's show, we welcome: Eric Balchunas, the Senior ETF analyst for Bloomberg Intelligence, recently published a fantastic book, The Bogle Effect. Eric and Andrew discuss what a fiduciary means and how they impact investments, particularly ETFs. What is passive investing versus active funds, and how has Vanguard […] The post Eric Balchunas on Fiduciaries, Jack Bogle, and all things ETFs appeared first on Investing for Beginners 101.

In our 40s with two kids and two pensions coming our way, yet I'm worried we don't have enough saved for retirement. Will we be okay?Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

* Biden Administration's under-the-radar move to give WHO dictatorial powers* Oath Keepers — from defending to offending the Constitution* INTERVIEW: Scott Lively, ScottLively.net, — Supreme Court & the "Roberts Court" power, politics and leaking. Sex Ed is about more than grooming — it's about "imprinting"2000 Mules: more info is coming & "fact checkers" are lying about tracking capabilities but 2000 Mules is missing the key point* About 1/3 of all EV chargers in San Francisco Bay Area are NOT functioning and Newsom is crashing power generation INTO the grid* Are Musk, Thiel and PayPal Mafia going to save us from Blackrock & woke corporations? What you need to know about Hegelian corporatism* Endorsement Wars — primaries are testing Trump's control of GOP* Disney's copyright gift about to be taken back?TOPICS by SEGMENTSegment 1* Just like Venezuela — restaurant deals with rapidly escalating prices by putting stickers on menu* The world is starved for diesel fuel the lifeblood of the supply chain including foodSegment 2 begins approximately 00:23:33* A third of EV chargers in San Francisco are non-functional* Newsom is destroying the power grid* EV buses that spontaneously combusted in battery fires pulled from the market. * Transition to EV batteries will have profound geopolitical effects — weakening USASegment 3 begins approximately 00:42:39* Disney turns Marvel's Loki into a gender fluid, bisexual. LGBT activists are not satisfied but Republicans offer a bill to take away their special copyright for 120 years* Peter Thiel is backing a fund to compete against Blackrock's ESG activism. The PayPal mafia is a different kind of threat and Thiel is no fan of free market capitalism saying "competition is for losers"Segment 4 begins approximately 01:08:10Pompeo endorses the Davos globalist who is opposing Trump's Davos globalist. Wikipedia purges conservative Kathy Barnett who's in a 3 way tie for PA Senate nomination as video surfaces showing Nina Jank suggesting Twitter should edit user content like WikipediaSegment 5 begins approximately 01:22:02WEF member lays out the case for depopulation — unless we have 90% reduction in population, we'll need a "very strong dictatorship" globallyBiden has proposed new rules enabling WHO to declare state of emergency anywhere they desireSegment 6 begins approximately 01:38:02Listener sees the elephant in the room ignored by 2000 Mules documentary and the GOPOathkeepers — does the government have a "seditious conspiracy" case? Segment 7 begins approximately 01:59:15INTERVIEW Scott Lively, ScottLively.net, attorney, pastor, human rights consultant, missionary, and author. Where is the balance of power in the Roberts Supreme Court and how has it usurped power and embraced the purging of free exercise of religion?Segment 8 begins approximately 02:34:37Scott Lively talks about his book "Redeeming the Rainbow". Groomer education is worse than you think — it's about "imprintingFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at:  $davidknightshowBTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail: David Knight POB 1323 Elgin, TX 78621

* Biden Administration's under-the-radar move to give WHO dictatorial powers* Oath Keepers — from defending to offending the Constitution* INTERVIEW: Scott Lively, ScottLively.net, — Supreme Court & the "Roberts Court" power, politics and leaking. Sex Ed is about more than grooming — it's about "imprinting"2000 Mules: more info is coming & "fact checkers" are lying about tracking capabilities but 2000 Mules is missing the key point* About 1/3 of all EV chargers in San Francisco Bay Area are NOT functioning and Newsom is crashing power generation INTO the grid* Are Musk, Thiel and PayPal Mafia going to save us from Blackrock & woke corporations? What you need to know about Hegelian corporatism* Endorsement Wars — primaries are testing Trump's control of GOP* Disney's copyright gift about to be taken back?TOPICS by SEGMENTSegment 1* Just like Venezuela — restaurant deals with rapidly escalating prices by putting stickers on menu* The world is starved for diesel fuel the lifeblood of the supply chain including foodSegment 2 begins approximately 00:23:33* A third of EV chargers in San Francisco are non-functional* Newsom is destroying the power grid* EV buses that spontaneously combusted in battery fires pulled from the market. * Transition to EV batteries will have profound geopolitical effects — weakening USASegment 3 begins approximately 00:42:39* Disney turns Marvel's Loki into a gender fluid, bisexual. LGBT activists are not satisfied but Republicans offer a bill to take away their special copyright for 120 years* Peter Thiel is backing a fund to compete against Blackrock's ESG activism. The PayPal mafia is a different kind of threat and Thiel is no fan of free market capitalism saying "competition is for losers"Segment 4 begins approximately 01:08:10Pompeo endorses the Davos globalist who is opposing Trump's Davos globalist. Wikipedia purges conservative Kathy Barnett who's in a 3 way tie for PA Senate nomination as video surfaces showing Nina Jank suggesting Twitter should edit user content like WikipediaSegment 5 begins approximately 01:22:02WEF member lays out the case for depopulation — unless we have 90% reduction in population, we'll need a "very strong dictatorship" globallyBiden has proposed new rules enabling WHO to declare state of emergency anywhere they desireSegment 6 begins approximately 01:38:02Listener sees the elephant in the room ignored by 2000 Mules documentary and the GOPOathkeepers — does the government have a "seditious conspiracy" case? Segment 7 begins approximately 01:59:15INTERVIEW Scott Lively, ScottLively.net, attorney, pastor, human rights consultant, missionary, and author. Where is the balance of power in the Roberts Supreme Court and how has it usurped power and embraced the purging of free exercise of religion?Segment 8 begins approximately 02:34:37Scott Lively talks about his book "Redeeming the Rainbow". Groomer education is worse than you think — it's about "imprintingFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at:  $davidknightshowBTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail: David Knight POB 1323 Elgin, TX 78621

Spawn on Me's Kahlief Adams joins us to discuss a busy week of Xbox news, from EA seemingly accidentally revealing Shepard's return to Mass Effect (do we even want Shepard back? Are we hyped for this?), where Activision can take Sledgehammer's Call of Duty games from here after the disappointing Vanguard, Gotham Knights leaving Xbox One behind, Clippy in Halo Infinite, and more! TIMECODES: 00:00:00 - Intro & Commander Shepard Returning? 00:26:30 - Activision On Call of Duty Vanguard's Underperforming Sales 00:50:35 - Gotham Knights No Longer Releasing For PS4 and Xbox One 00:59:40 - Halo Infinite's Season 2 Adds Clippy! 01:03:50 - Resident Evil Re:Verse Potential Release 01:09:15 - Unlocked Block Trivia & Outro

Auch beim Geldanlegen ist Nachhaltigkeit ein grosses Thema. Jedoch bieten in der Schweiz nur 20 Prozent der Vermögensverwalter proaktiv Lösungen an, so Ramon Vogt, Anlagespezialist bei Vanguard. Nachhaltige Produkte seien teurer und die Analyse schwieriger, da es zu wenig Standards gebe. SMI +0.9%

Barry and Craig go over the Square Enix selling properties and what that means for them, and also Activision blames waning enthusiasm for WWII for Vanguard's failure. Barry and Craig both play Golf+. Craig also plays Sifu and Trek to Yomi. We dive deep into SPOILERS for the new Dr. Strange movie, finales of Moon Knight, and Showtime. Please contact highsensitivitypodcast@gmail.com with any questions and enjoy your day!

With an extra $1,200 or so each month, where should it be going? Into a brokerage account or into my employee stock purchase plan?Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Join Tron and the TenInchCowboy on the Warzone Amateur Hour this week as they: Review the second major weapons tuning update to start the season Discuss new details about King Kong, Godzilla, and the Operation Monarch event Share new details about changes coming later on in Season 3 And more... Support us on Patreon Get a FREE 1 year supply of immune-supporting Vitamin D and 5 FREE travel packs with your first purchase using the link athleticgreens.com/EMERGING Get 20% OFF Manscaped products + Free Shipping with promo code WAH at MANSCAPED.com

In this episode of Vanguard Weekly, J. Richard Jones welcomes back special guest Caleb Walker, Vice President Defence and Federal, WithYouWithMe. Tune in as they discuss what is a Tech Design Sprint and how you can participate. Government faces common technology challenges as they build their digital strategies. The Design Sprint will have a theme focused on ‘building national resilience' and provide opportunities for participants to co-design tech solutions to real problems. But its so much more than that! In this episode: Why the Design Sprint and what are the objectives? Talking about and working through tech solutions to help with common digital challenges The business process, getting started and mapping it out, before the technology New ideas and learning from different departments Understanding the user experience and how to improve Design Sprint, a week of knowledge and exploration The Design Sprint and how to participate

In this episode, take a deep dive with your host, Harmony. As you learn about the deep and dark twisted ways of Nxivm. A program of executive success programs, which hid a hidden secret. And was all overseen but Vanguard.- the now known sexual predator- Keith Raniere.

(5/5/22) The Fed is raising rates by 50-basis-points, but tapering its balance sheet at a slower pace than expected, causing great jubilation on Wall Street, and a 3% rally after the announcement. The narrative the Fed feeds does not always comport with reality; how Jerome Powell "walks the line." Is the Fed looking at the economy in the right way? Economic data are telling a different story; is the market actually bottoming--or could it go even lower from here? Why companies are always slow to hire and slow to fire. The impact of passive investing; Elon Musk vs Cathie Wood; Blackrock, Vanguard, and voting virtue with EFT's; Have ETF's taken away the voice of individual investors? How Engine No.1 wound up with two seats on Exxon's Board. SEG-1: The Fed Meets Expectations SEG-2: The Narratives the Fed Conveys vs Reality SEG-3: What the Economic Numbers Really Say SEG-4: The Negative Impact of Passive Investing Hosted by Chief Investment Strategist Lance Roberts, CIO, w Senior Advisor Danny Ratliff, CFP, w Portfolio Manager, Michael Lebowitz, CFA -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=vvCxz5Q3eHA&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Our Latest "Three Minutes on Markets & Money: No surprises from Fed - where do we go from here?" is here: https://www.youtube.com/watch?v=USUgD_eZ_v0&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show, "What Will Today's FOMC Meeting Reveal?" is here: https://www.youtube.com/watch?v=SoGa5yu9IP8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s -------- Articles mentioned in this podcast: https://realinvestmentadvice.com/did-we-go-through-a-major-bear-market/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #FederalReserve #FOMC #RateHike #QuantitativeTapering #PassiveInvesting #BlackRock #Vangard #ETF #EngineNo1 #Exxon #Markets #Money #Investing

(5/5/22) The Fed is raising rates by 50-basis-points, but tapering its balance sheet at a slower pace than expected, causing great jubilation on Wall Street, and a 3% rally after the announcement. The narrative the Fed feeds does not always comport with reality; how Jerome Powell "walks the line." Is the Fed looking at the economy in the right way? Economic data are telling a different story; is the market actually bottoming--or could it go even lower from here? Why companies are always slow to hire and slow to fire. The impact of passive investing; Elon Musk vs Cathie Wood; Blackrock, Vanguard, and voting virtue with EFT's; Have ETF's taken away the voice of individual investors? How Engine No.1 wound up with two seats on Exxon's Board. SEG-1: The Fed Meets Expectations SEG-2: The Narratives the Fed Conveys vs Reality SEG-3: What the Economic Numbers Really Say SEG-4: The Negative Impact of Passive Investing Hosted by Chief Investment Strategist Lance Roberts, CIO, w Senior Advisor Danny Ratliff, CFP, w Portfolio Manager, Michael Lebowitz, CFA -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=vvCxz5Q3eHA&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Our Latest "Three Minutes on Markets & Money: No surprises from Fed - where do we go from here?" is here: https://www.youtube.com/watch?v=USUgD_eZ_v0&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show, "What Will Today's FOMC Meeting Reveal?" is here: https://www.youtube.com/watch?v=SoGa5yu9IP8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s -------- Articles mentioned in this podcast: https://realinvestmentadvice.com/did-we-go-through-a-major-bear-market/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #FederalReserve #FOMC #RateHike #QuantitativeTapering #PassiveInvesting #BlackRock #Vangard #ETF #EngineNo1 #Exxon #Markets #Money #Investing

I'm still bothered by an investment I made over a year ago, can you help me get over it? Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today's episode Glen chats with Balaji Gopal, Head of Personal Investor at Vanguard. They touch on:

Episode 1743 - Austin runs solo today on this high intensity show. Research is now showing that Blackrock and Vanguard have nearly 90% ownership of all s&p firms. While at the same time buying up every single home they can across the country driving up prices and turning them into rentals. Real life hunger games is upon us, as International Energy Agency demands EV mandates, worldwide lockdowns, airport closures and speed limiters on cars to meet climate goals by 2050 And at the same time Another report of a EV bus spontaneously bursting into flames in France. Not surprising documents from the FOIA request show the CDC tracked and monitored 20+ million people to monitor covid compliance. Plus much much more

The CDL PRO-AM has been confirmed! Easymac is not keen on how it has been structured & demands more for the future. Plenty of rostermania moves & roster trials between LAT's role swap with Kenny & Drazah, to NYSL & ROKKR testing scrims without HyDra or Crimsix, ending it off with a Flex tierlist to wrap off up show.

Looking to achieve massive diversification across industries, geographies, stocks, bonds, and various equity premium factors? Chris Pedersen, Director of Research at The Merriman Financial Education Foundation and author of 2 Funds for Life: A quest for simple & effective investing strategies, shows several simple portfolios that do that. He also discusses 2 Funds for Life strategies that augment target-date funds to reduce risk with age, increase expected returns, raise safe withdrawal rates, and achieve higher overall survival rates. Chris' analysis compares past performance to more complex approaches, and shows that complexity is not a necessity in accumulation or retirement. Watch via Video Hosted by the Boston Boglehead Chapter on April 23, 2022. The John C. Bogle Center for Financial Literacy (https://boglecenter.net/) is a non-profit organization dedicated to improving financial literacy. The Center's mission is to expand the legacy of John C. Bogle, the founder of Vanguard, by promoting the principles of successful investing and financial well-being through education and community. The Center envisions a world of well-informed, capable, and empowered investors. Community outreach is achieved through the Bogleheads forum, wiki, and blog, as well as in-person and virtual Bogleheads chapters worldwide. Learn more at: Bogleheads.org: https://www.bogleheads.org/index.php This broadcast is part of the educational offerings from The Merriman Financial Education Foundation, a registered 501(c)3. If you found value in this video, here are five ways to support our mission of providing financial education to investors at all stages of life: 1) Hit the thumbs up, subscribe, leave a comment or podcast review and share the link with your social media and friends. 2) Sign up for our twice-a-month newsletter at PaulMerriman.com and join 30,000+ savvy investors who value free financial education, PLUS receive a free pdf copy of We're Talking Millions! 12 Ways to Supercharge Your Retirement. We ask that you share it with family, friends, associates and teachers! 3) Use our M1 Finance affiliate link to set up a brokerage account and use our portfolio suggestions. If you fund your account with a minimum of $1,000, our foundation will receive a one-time affiliate fee — at no cost to you — which helps support our financial education projects. 4) Buy our latest books, We're Talking Millions! 12 Simple Ways To Supercharge Your Retirement and 2 Funds for Life: A quest for simple & effective investing strategies, the profits from which help support our work. 5) Support our mission by making a tax-deductible donation to the Foundation. Thank you! Podcast keywords: simple portfolios, how to invest for life, Chris Pedersen, best target date funds, life strategies that work, investing for retirement, paul merriman podcast, sound investing

With the defeat of the Vanguard of Gleh Crin, the Hate's Heart's plans have been foiled. Agon, Elleinad, and Gardin should be celebrating, but one last threat stands before them: Anonrull'Sin. There is no hope left for our heroes, only the Flesh of Infinity.

Welcome everyone to episode 59. We give our thoughts on Activision blaming Vanguard sales on WW2, Fallout New Vegas 2 reportedly in the works, Square Enix selling some of its popular Ips, and Sony stop us from stacking Playstation Plus. --- Support this podcast: https://anchor.fm/last-place-fireteam/support

ZooMaa, Ben, Aches and special guest Asim talk about he upcoming Pro-Am and updates on the CDL. 0:00 Intro 4:20 PRO-AM Predictions 36:30 Tweet Record 38:26 Asim Joins 39:00 Team Trials 40:35 CDL Expansion 42:39 Most Underrated Player 45:50 CDL's Future 50:25 Best Player in Vanguard 55:05 Trophy System GA 1:00:44 Changes 1:04:25 FaZe 1:12:00 Halo 1:17:45 Berlin Control 1:19:35 Mouse & Keyboard 1:22:00 Outro

Tom's still on vacation. With so many calls left from yesterday's episode (Saturday's show), Don started with callers who had been on hold:A relatively safe portfolio and how to invest it for inflation.What should his grandmother do with the money that will probably be in her estate?A couple with Wellington and Wellesley wonder what to do with them?Does an irrevocable trust make sense?How does Avantis Small Cap Value ETF compare with Vanguard's similar mutual fund?Finally, Don explains Treasury I-Bonds? 

As the Cover of Night delve deep into the dungeon beneath Arkona Palace, they encounter many horrors and riddles. Will quick thinking save the day, or will the labyrinth eat them alive? Content warning: snakes   Curse of the Crimson Throne and the Pathfinder roleplaying game are published by Paizo and are used in accordance with their community use policy. This session featured sound effects from Syrinscape and two songs, "The Vivified Labyrinth" and "Darksphinx." This session also featured music from Michael Ghelfi audio and Filip Melvin, including "A Venomous Encounter," "Vanguard's Might," "The Keymaster," and "The Crimson Banquet; Red Raven's Waltz."   ----more---- Follow us on twitter @ToHaveAndToRoll Rane's Twitter @Rane0 Doctor Daft's Twitter @DaftProdigy Check out character art, backstories, and character sheets on Tumblr, tohaveandtoroll.tumblr.com      

ETF Trends' Lara Crigger highlights concerns over Finra's “complex” product proposal and offers her take on an SEC probe into ETF revenue-sharing practices.  BNY Mellon's Ben Slavin covers a range of topics including the Finra proposal, Vanguard's share class patent, mutual fund to ETF conversions, and crypto ETFs.  Leverage Shares' Oktay Kavrak discusses their unique […]

The sponsor for this week's episode is Founders Podcast.   David Senra, the host of Founders Podcast, is a biography-reading machine. If you don't have time to spend 40 hours reading the full-length biography of some gilded-age entrepreneur, listening to David's high-quality recap is the next best thing.   The Founders Podcast is a paid podcast that costs $99/year or $299 for lifetime access. Subscribing gives you access to more than 200 episodes including the back catalog with episodes about Anthony Bourdain, Arnold Schwarzenegger, Elon Musk, and many more.   Visit founderspodcast.com to subscribe or listen to sample episodes. Topics:   (7:05) - Do you agree that a business is simply a nexus of contracts?   (9:07) - What is FE International?   (10:38) - What are some of the economics of being an M&A firm?   (13:12) - Do you have recurring customers or do people tend to only transact 1-2 businesses in their lives?   (15:07) - Do you think of FE as a professional services firm?   (16:33) - Did you bootstrap this business?   (19:38) - Building trust and reputation with both sides of the marketplace   (21:15) - What's your long-term vision for this business?   (23:34) - How did you come to start FE International?   (30:46) - Who are the people behind the businesses and the buyers?   (35:37) - How do you as an investor look at this variety of businesses and decide what to buy?   (48:33) - Thinking about different ways to create Alpha and what defines a “good deal”   (55:38) - How does an FE International Prospectus' differentiate from an ameteur?   (1:02:49) - Is there a massive database you've collected over the years?   (1:06:03) - How do you discuss valuations with sellers?   (1:08:12) - What would you say your multiples are for content businesses, SAAS and E-comm?   (1:17:09) - What percent of deals get publicly listed for sale vs. the private transactions?   (1:20:25) - The post-sale transition process   (1:23:18) - How do you monitor your buyer alumni and their success? Links:    FE International   FE International Whitepapers   Client Case Studies   Thomas on Twitter   Thomas on IG   Thomas on Facebook   Join our Fund at Rolling.Fun   Support our sponsor: founderspodcast.com          Other Episode You'll Like:   Andrew Finn: WaitButWhy and G64 C-Founder on How to Acquire a Free Company   Codie Sanchez: Drug Cartels, Vanguard, And Goldman Sachs       To support this costs of producing this podcast:  >> Buy a copy of the Navalmanak: www.navalmanack.com/  >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners  >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa  >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter. Important quotes from Naval on building wealth and the difference between wealth and money:   How to get rich without getting lucky. - Naval Ravikant   Making money is not a thing you do—it's a skill you learn. - Naval Ravikant   I came up with the principles in my tweetstorm (below) for myself when I was really young, around thirteen or fourteen. I've been carrying them in my head for thirty years, and I've been living them. Over time (sadly or fortunately), the thing I got really good at was looking at businesses and figuring out the point of maximum leverage to actually create wealth and capture some of that created wealth. - Naval Ravikant   Seek wealth, not money or status. - Naval Ravikant   Wealth is having assets that earn while you sleep. - Naval Ravikant   Money is how we transfer time and wealth. - Naval Ravikant   Ignore people playing status games. They gain status by attacking people playing wealth creation games.    You're not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom.  - Naval Ravikant   The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The old model of making money is going to school for four years, getting your degree, and working as a professional for thirty years. But things change fast now. Now, you have to come up to speed on a new profession within nine months, and it's obsolete four years later. But within those three productive years, you can get very wealthy. - Naval Ravikant     Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media). - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can't code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   “We live in an age of infinite leverage, and the economic rewards for genuine intellectual curiosity have never been higher. Following your genuine intellectual curiosity is a better foundation for a career than following whatever is making money right now.” - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.    But usually, the real wealth is created by starting your own companies or even by investing. In an investment firm, they're buying equity. These are the routes to wealth. It doesn't come through the hours. - Naval Ravikant

We're in our 30s and after saving and saving and saving, is our financial position solid enough to do something less demanding?Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Secure physical gold and silver today: https://ourgoldguy.comA few things need to be stipulated before reading this article or listening to today's episode of The Midnight Sentinel. Call them filters for the sake of time because I don't want to spin my wheels trying to convince people there are conspiracies afoot. First, if you do not believe there is some sort of globalist elite cabal, or possible multiple versions independent of each other, that have as their primary goals the destruction of western society and capitalism as we know it in order to usher in The Great Reset, then this post isn't for you.Second, this New World Order is led by some of the world's most esteemed "philanthropists" and promoters of "humanitarian" causes such as Klaus Schwab, Bill Gates, George Soros, and Barack Obama. If you think that's all just a bunch of garbage, then this post isn't for you.Lastly, if you do not recognize that the financing and corporate pressure for The Great Reset stem from several asset management firms, corporate juggernauts, and non-government organizations, then this post is just going to be a waste of time. The likes of BlackRock, Vanguard, Disney, and the World Economic Forum are each playing their roles in ushering in a Neo-Marxist future that quashes national sovereignty, individual freedoms, and Biblical worldviews. If this all sounds like crazy tinfoil hat stuff to you, then there's a Fox News or CNN broadcast waiting for you on the television.With that out of the way, I want to focus this particular post on BlackRock and Vanguard. There are other asset management firms who are participating in ESG (Environmental, Social, and Governance) policy building, but BlackRock and Vanguard have emerged as the primaries. Combined, they manage over $10 trillion. They have their hands in pretty much every crucial industry from energy, food production, real estate, communications, and transportation. In other words, they influence or outright control just about everything you need to live in today's world.People need to understand how much money they control. If you were to start at year 1 AD and spend half-a-million dollars every HOUR until today, you still would not have spent $10 trillion. That's how much money and power these two financial institutions control. It should be crystal clear to everyone that if they wanted to get away with an evil plan that requires vast resources to accomplish, they have access to everything they need.

Jon Yoachim with Vanguard Real Estate on The Loud Spot! It is not every episode that I get to talk business. It is in my soul! And speaking business is almost what I wanted to do before deciding to discuss music on my podcast. Jon Yoachim with Vanguard Real Estate is the real deal. From property acquisition to having a family, this guy knows what it takes to grow a company. A little bit about Jon: Jon has worked in real estate for over 14 years, energy for over 11 years, and agriculture since childhood. Over the past 11 years, Jon worked in more than 25 states and managed the acquisition of more than 2,000 parcels and 400,000 acres. Over the past five years, Jon also worked for the federal government through the Nebraska Natural Resources Conservation Service Office, closing wetland conservation easements across Nebraska. Jon's land acquisition work has paved the way for the development of wind farms, solar farms, cellular towers, as well as the installation of fiber optic cable and power lines. In 2006, Jon graduated from the University of Nebraska at Omaha, earning his Bachelor of Science in Real Estate and Land Use Economics. Jon began cultivating his expertise in land acquisition in 2007 as a Senior Leasing Agent for Hillard Energy in Lincoln, Nebraska. From 2008 to 2016, Jon was Senior Project Manager for Faulk & Foster. In that capacity, Jon managed all aspects of site acquisition for wind, solar, fiber, and telecommunication projects. Jon is also a licensed real estate broker in Nebraska, Colorado, Wyoming, South Dakota, and Georgia. In 2016, Jon made the decision to focus his full time and energy on building his own land acquisition business – Vanguard. Through Jon's relationship-based approach to business, his dedication to innovation, and his entrepreneurial spirit, Jon grew Vanguard from a one-man shop into a land acquisition company with more than 20 Land Agents working across the United States. Moving into the future, Jon is focused on the continued growth and expansion of Vanguard. In addition to the constant refinement and improvement of land acquisition services for the benefit of Vanguard's clients, Jon is collaborating with investors, farmers, ranchers, conservation entities, and energy companies to invest in agricultural land to maximize its revenue potential. www.theloudspot.net patreon.com/theloudspot https://vresolutions.com/team/jon-yoachim/ Learn more about your ad choices. Visit megaphone.fm/adchoices

One of our podcast listeners asked: “Is it possible to open a Binance account that is funded by a trust account? If so, does that by default make that particular Binance account a trust account with the beneficiaries named on the bank account that is used for funding it?” Great question! To answer it, we need to break it down a bit: What is a trust account? There are a lot of different names for a trust account at a bank: ITF (in trust for), Totten trust, TOD (transfer on death), POD (paid on death), and other similar names. Basically, it is beneficiary designation that is added to your bank accounts. It's the same concept as life insurance policy: when you completed the forms, you most likely named who gets the account when you die. They become the beneficiaries on this particular policy. A trust account at a bank is not the same as creating a Trust for estate planning purposes. I believe the question here is: “Does the Binance account take on the beneficiary designations that are on the original bank account?” Do beneficiary designations transfer with funds? The answer is NO. If you send money from your Citibank bank account to a Vanguard account to buy some stock, the Vanguard account does not automatically inherit your Citibank beneficiary designations. You'd have to fill out forms at Vanguard to name beneficiaries. Beneficiary designations do not follow the dollars. That's the case for moving from bank account to crypto exchange, as well. How to name beneficiaries on cryptocurrency exchange What is a cryptocurrency exchange? The big ones like Binance, Coinbase, Kraken, Gemini, are like E-Trade or Robinhood for cryptocurrency. And as of now, you can't name beneficiaries on the account. A main reason is most likely due to the fact that the laws are not set up for that yet. Therefore, cryptocurrency exchanges don't offer that feature. So, you will need to make a Last Will and Testament or move your crypto off the exchange to a wallet that can be governed by your revocable trust or your will. If you want to learn more about probate in general, please check out my book, “How Probate Works.” I don't have a Bitcoin chapter yet, but you will get a sense of how the probate process applies to your Bitcoin situation. Request your free consultation  

Join Tron and the TenInchCowboy on the Warzone Amateur Hour this week as they: Discuss the new ability to find Perks as ground loot Review all of new weapons tuning and what it means Share their thoughts on the dramatic changes to Snipers And more... Support us on Patreon Get 20% OFF Manscaped products + Free Shipping with promo code WAH at MANSCAPED.com

This episode continues with our “industry spotlight series” where we focus on specific trends and opportunities in middle-market M&A transactions. Our previous episodes have covered four industries in which Colonnade has played a significant role as an M&A advisor to both buy-side and sell-side clients. We add F&I Agencies & Payment Plan Providers as industries where we deeply know the dynamics and players so as to provide exceptional service to clients who hire us to assist them in a transaction. Colonnade has studied the F&I Agencies and Payment Plan Provider markets for the last 20+ years. We have worked on nearly 30 M&A transactions on the buy-side and the sell-side. We have gotten to know the industry players and the buyers. We've identified some high-opportunity M&A plays that could help to drive even more value, scale, and customer satisfaction in the industry. Spotlight on F&I Agencies (1:00) In this first part of our episode, we answer the following questions: Where do F&I agencies sit in the F&I ecosystem? (1:00) What does a typical F&I agency look like? (7:00) What is going on in terms of M&A and what are the value drivers in the industry? (9:00) What is driving M&A transactions right now and what are some potential M&A plays? (12:00) Where do F&I agencies sit in the F&I ecosystem and what value do they provide? (1:00) Gina: Between the F&I administrators and the F&I office and the dealership, there are F&I agencies. They are independent agencies with independent agents. They are like insurance agents. They bring together the product administrators and the dealers.  Gina:  The agents have deep knowledge about the products they represent. They can train the F&I office on those products and how to sell the products. They also act as the middle man or the interface with the administrator. They are one distribution arm for the administrators, which makes them critical in the ecosystem. They are a valuable component of the overall F&I ecosystem. Jeff: The F&I agency is a particular point in the value chain. It's a differentiator. Some administrators sell to dealers through a direct sales force, others use F&I agents.  Gina: There are administrators who go direct to dealers, but most administrators also use independent agents. They may have a direct sales force, but they have independent agents also. The only sector where that seems to not always be the case is selling into independent dealerships. You tend to see more direct agents that are employed by the administrators selling into the independent dealerships. Gina: An important component of what the agents do is help the dealership with reinsurance. Reinsurance is an important component of a dealership owner's profits. For every contract, every F&I product that is sold, there is a reserve set aside for future claims. F&I agents are usually very fluid and educated in talking about reinsurance and making sure that the dealership has the right reinsurance programs. So they deal with reinsurance, they do training on products, they do training on how to sell products. They sometimes help with staffing in the F&I office, and they'll help with some of the technology that is between the F&I office and the administrator. Gina: F&I represents a third of a dealership's profits. Everybody within the organization and affiliated with the organization is going to make sure that F&I runs smoothly. What does a typical F&I agency look like? (7:00) Gina: There are well over 100 independent agencies, and approximately 75%-80% of F&I agencies are less than 10 employees. There are very few large agencies. There are a few that are scaling, but there really aren't many. There is only one national agency that comes to mind and that's Vanguard (owned by Spectrum Automotive). Vanguard has been very acquisitive in building out its agent network. We also see Brown & Brown, which is a P&C insurance brokerage. They've been acquiring F&I agencies over the last few years. I don't know if they have a national footprint yet, but they're probably getting pretty close. And then you have acquired a lot of small agencies. ​​Jeff: The Brown & Brown example is an interesting one that we've watched over the last five to six years as they've entered the industry. We've always thought their participation in the F&I agency world makes a lot of sense, given the parallels to the P&C distribution market. What is going on in terms of M&A and what are the value drivers in the industry? (9:00) Gina: We think that the M&A market for F&I agencies will continue to be hot in 2022. (See Gina's cover article in Agent Entrepreneur, 2022 M&A Predictions for F&I Agents) Agent value is driven by a couple of different factors. One is diversification. One of the challenges for these small agencies, just like any small company, is having all of their eggs in one basket. An F&I agency may have one dealership group that represents 40% of sales. That is a gating factor to trading and getting the highest possible value. Agencies that have significant concentration, which I call greater than 15%, trade at a lower multiple than agencies that have little concentration. Another value driver is size. We look at the number of W-2 employees (as well as financials). Jeff:  Important when you go to sell these companies: Who owns the dealer relationships? And what's the risk of attrition in a transaction? Gina: A lot of diligence needs to be done in these transactions to really understand the nitty-gritty of who, not just on paper but in practice, owns the relationships. What is driving the M&A transactions right now and what are some potential M&A plays? (12:00) Jeff: It sounds like an industry that could be rolled up further. Following the playbook of the P&C insurance distribution market, you got a lot of mom and pops out there and a few large players.  Gina: Both Brown & Brown and Vanguard Dealer Services (Spectrum Automotive) are rolling up agencies. The rest of M&A activity we see is not a roll up, but administrators buying agencies. National Autocare and Portfolio Group have been very inquisitive. There are many other administrators who bought one, two, three agencies, as they attempt to lock in their distribution channels.  Gina:  There should be another roll up of F&I agencies. There should be a private equity firm that's coming in here saying, “I'm going to put a hundred, $150 million to work and we're going to leverage it. And we're going to buy up 20 F&I agencies. We're going to make a super-agency with national coverage.” That could be uber-successful for everybody involved. It just hasn't happened yet. Jeff: The folks that are acquiring are paying pretty high multiples, and that's a challenge. Any new entrant would have to go in and go big pretty quickly. They'd have to find a platform that they can scale and put a lot of capital to work while holding their nose as they pay big prices upfront. Gina: A lot of the M&A activity we have seen is with an older generation that is retiring. There's also some leakage happening where the younger, talented, hungrier F&I agents are like, “I get it, I can do this.” They leave and go start their own agency. I think we'll see that next-generation starting to trade in about a year or two. Gina: I have one last point I want to cover about F&I agency M&A: what's driving the activity. First of all, there's a lot of money looking for deals. There are private equity firms backing administrators that need to grow inorganically. But we also see a lot of M&A activity at the dealership level. They're getting bigger. Big dealership groups are buying up other dealers, independent shops, and dealership groups.  Every time one of those transactions happens, the agent that represents the target dealership is at risk of losing that client. Dealership M&A is driving F&I agency M&A. I think that this is the question that keeps a lot of agents up at night: Are they one or several M&A transactions away from losing a significant portion of their relationships and their livelihood? Spotlight on Payment Plan Providers (18:00) In this second part of our episode, we answer the following questions: How do payment plan providers add value to the auto F&I sector? (18:00) How big is the industry and who are the biggest players? (23:00) Why are payment plan providers a favorite industry of Colonnade? (25:00) What is going on in terms of M&A and what are the value drivers in the industry? (29:00) How do payment plan providers add value to the auto F&I sector? (18:00) Jeff: Payment plan companies came out of the ground around 20 years ago. They started as an offshoot of the insurance premium finance market, which we've talked about in a previous podcast. Fundamentally, this market is designed to help consumers purchase F&I products cost-effectively. Whether you're in a dealership (point of sale) and the F&I person says, “This VSC is going to cost you $3,000” or whether you get a piece of mail about an extended auto warranty (aftermarket), once you get sold on buying the coverage, the questions is always: Do you want to write a check for three grand or do you want to finance it over two or three years?  In most cases, the VSC/extended auto warranty gets financed. That's where these payment plan companies come in. Jeff: At the dealership (point of sale), the payment for an F&I product typically gets rolled into the auto loan. It's just one of the line items in the auto loan, and you (as the consumer) pay it off as you go. There are some payment plan providers that focus on point of sale at the dealership, allowing a consumer to finance the product outside the auto loan. In the aftermarket, which is really where we see these payment plans flourish, it's a different dynamic. If you're on the phone with a direct marketer and you agree to buy the coverage, you can put 10% down and pay over 18 or 36 months, depending on the payment plan. Interestingly, they're interest-free and cancelable at any time. And as you continue to drive your car and assess the usefulness of the product, you can cancel it at any time. If you cancel it, all you do is call up the seller or the administrator and say, “I want to cancel my payment plan.”  In that case, you get a portion of your money back (the unearned premium). It works in a similar way to the insurance premium finance market. The contract is earned over the life of the product. If it's a five-year product and you're one year into it, you might get 80% of the money back. The payment plan company is indifferent because it will just get their pro rata share back from the administrator and seller. The seller will sell the product to the consumer, and if they attach financing to it, the seller will collect the 10 or 15% down payment. The payment plan company will insert themselves and front the rest of the money to the administrator and to the seller. The administrator has to front some money to the CLIP (1) provider, but the revenue to the seller and the admin fee gets fronted by the payment plan company. Jeff: Our Industry Report on this sector goes into much more detail about the industry. How big is the industry and who are the biggest players (23:00) Jeff: We estimate this is about a $5 billion a year originations market. There's not good data. We've done a number of studies over the years and think that's the size of the market. It grows with auto sales and the adoption of products. It's grown considerably over the last several years. There are probably 10 independent players in the market. There are just a small handful of large players. The biggest players are PayLink, which is owned by Fortress and Milestone. Walco is the next biggest, and they're growing nicely. This is the Walder team that previously ran Mepco and Omnisure, and they've started up a new finance company that's growing quite rapidly. Mepco is a large player, they're top three, that's owned by Seabury. There are other smaller players like Budco, Line 5. Service Payment Plan is a big company in the dealer space, again different dynamics but similar product offering. PayLink, Omnisure, and Mepco really dominate the aftermarket space. Folks like Service Payment Plan dominate the dealer (point of sale) channel. Why are payment plan providers a favorite industry of Colonnade? (25:00) Gina: I love the payment plan business because it is so low-risk. What the payment plan companies do is hold a cash reserve on each funding in case the underlying consumer cancels. And that happens. There are a lot of cancellations in the direct consumer marketing of vehicle service contracts. As we've discussed before, it's not because the contracts are bad contracts, but it's because consumers actually have transparency. In the case of vehicle service contracts rolled into an auto loan, consumers don't get a breakout every month of the components of their auto loan that they're paying. They don't see that 80% of your auto loan payment is for the car, 10% is for the vehicle service contract, et cetera, cetera. But when a consumer is financing or using a payment plan for a vehicle service contract in the aftermarket, they have complete transparency as to what that cost is for. And if they decide as a household, they no longer need that product (they need to redeploy that payment to something else like their mortgage), they can cancel. The payment plan businesses have a cash reserve for this. So it is a very low risk business and has great returns. Jeff: Some of these companies have several hundred million dollars of portfolio and each contract starts out at $3,000 and burns down. These are very granular portfolios. You're not going to take a big loss on any particular contract. Unlike the insurance premium finance industry, the incidence or likelihood of fraud is negligible, and the risk here is quite low given the granularity. We like the short duration of these assets. We like the low loss rates. Generally, these transactions are priced at a 15% to 20% unlevered return. They're very high-yield. There's no credit risk. We're not doing anything with consumer credit risk.  We really don't care. We're just managing relationships with sellers and administrators. All those dynamics are favorable to this lending universe. I love this business. It's a niche industry, $5 billion is not the $50 billion commercial P&C market, but it's meaningful and growing. What is going on in terms of M&A and what are the value drivers in the industry? (29:00) Jeff: There really hasn't been much activity as there's a limited universe of players. Some of the administrators are vertically integrating and getting into the payment plan industry. We worked on the initial sale of Mepco to Independent Bank almost 20 years ago. We sold PayLink (which used to be called Warranty Finance Company) to Oxford Financial. It's now owned by Milestone and Fortress. Omnisure: Ed and Paul Walder started up that business from scratch and grew it to a couple hundred million dollars of receivables. We advised on the sale to Fortress.  PayLink and Omnisure merged in 2017 and put together two leading players in the industry. The other important transaction to mention is Seabury's acquisition of Mepco out of Independent Bank in 2017.  Most recently Walco has come out of the ground. Walco was started in early 2020 by Ed and Paul Walder again, starting up another competitor in the sector. They've grown considerably in recent years and are doing a great job building out that business. We don't see a ton of M&A activity per se, but it's a really interesting market. Part of the challenge from an M&A perspective is that there has not traditionally been a deep bank buyer universe of this product and that confounds me a bit. For all the reasons we mentioned, this is a really interesting, dynamic asset class. It's very similar to insurance premium finance, which has a number of large banks in the sector and a number that want to get into it.  The collateral structure looks very similar, except that payment plan providers have higher yields, higher return on assets, and even lower losses. And there's no fraud. I think there's a real opportunity for forward-thinking banks to embrace this asset class and do quite well with very little risk. (1) A CLIP is a commercial liability insurance product that covers the contractual obligations of the insured. A full reimbursement CLIP would indemnify the insured commercial entity for all monies it expends to fulfill a contractual commitment.   About the hosts Gina Cocking serves as the Chief Executive Officer of Colonnade Advisors. Gina began her career in investment banking at Kidder Peabody, was an analyst at Madison Dearborn Partners and an associate at J.P. Morgan & Co. She was the Chief Financial Officer of Cobalt Finance, a specialty finance company. She went on to become the Chief Financial Officer of Healthcare Laundry Systems, a private equity-backed company for which she oversaw the successful sale to a strategic acquirer. Gina served as the Line of Business CFO – Consumer Banking and Lending at Discover Financial Services. Gina serves on the Board of Directors of CIB Marine Bancshares, Inc. Gina received her BA in Economics and an MBA from the University of Chicago. Jeff Guylay is a Managing Director of Colonnade Advisors. Prior to joining Colonnade in 2000, Jeff was an investment banker at J.P. Morgan in the firm's Mergers & Acquisitions and Fixed Income Capital Markets groups in New York. He also spent several years in J.P. Morgan's Chicago office. Jeff has over 20 years of M&A and investment banking experience and has served as lead execution partner on over 25 M&A and financing transactions at Colonnade. Jeff received an MBA from Northwestern University's Kellogg Graduate School of Management and a Master of Engineering Management from the University's McCormick School of Engineering. Jeff received a BA from Dartmouth College and a BE from Dartmouth's Thayer School of Engineering.

In 2021 the pension assets of U.S. workers stood at 35 trillion dollars and amounted to fully 62 percent of all global pension assets. For almost half a century, this money has fueled the growth of the asset management sector, the likes of BlackRock, Vanguard, and Fidelity Investments to name only a few. New Labor Forum author Benjamin Braun casts a critical eye on the investment practices of collectively bargained Taft-Hartley pension funds which have contributed so significantly to the rise of a bloated financial sector. He also discusses efforts to redirect labor's capital to the benefit of workers and to investment in public goods projects, such as infrastructure and renewable energy.

This episode features two guests who discuss total bond market investing. The first guest is Nick Gendron, Global Head of Fixed Income Index Product Management at Bloomberg. This is where the index originates. The second guest is Josh Barrickman, Principal, Senior Portfolio Manager, and Head of Fixed Income Indexing Americas. He and his team manage Vanguard bond index fund portfolios invested in U.S. and international markets.   This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free website at Bogleheads.org and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.     This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.    

THE THESIS: Sorry, but, this is all scripted. From the conjuring of $3.5 trillion in fake, retail banking “money” Blackrock told the fed to perform 4 months before the alleged pandemic--and then hid under Covid to illegally invest it--to the constriction of American farming capabilities, The Party is showing unbridled arrogance and contempt for us. This means, of course, God is going to topple them.  THE SCRIPTURE & SCRIPTURAL RESOURCES:  Haggai 2:22 22 I will overturn royal thrones and shatter the power of the foreign kingdoms. I will overthrow chariots and their drivers; horses and their riders will fall, each by the sword of his brother. Acts 5 Ananias and Sapphira 5 Now a man named Ananias, together with his wife Sapphira, also sold a piece of property. 2 With his wife's full knowledge he kept back part of the money for himself, but brought the rest and put it at the apostles' feet. 3 Then Peter said, “Ananias, how is it that Satan has so filled your heart that you have lied to the Holy Spirit and have kept for yourself some of the money you received for the land? 4 Didn't it belong to you before it was sold? And after it was sold, wasn't the money at your disposal? What made you think of doing such a thing? You have not lied just to human beings but to God.” 5 When Ananias heard this, he fell down and died. And great fear seized all who heard what had happened. 6 Then some young men came forward, wrapped up his body, and carried him out and buried him. 7 About three hours later his wife came in, not knowing what had happened. 8 Peter asked her, “Tell me, is this the price you and Ananias got for the land?” “Yes,” she said, “that is the price.” 9 Peter said to her, “How could you conspire to test the Spirit of the Lord? Listen! The feet of the men who buried your husband are at the door, and they will carry you out also.” 10 At that moment she fell down at his feet and died. Then the young men came in and, finding her dead, carried her out and buried her beside her husband. 11 Great fear seized the whole church and all who heard about these events. The Apostles Heal Many 12 The apostles performed many signs and wonders among the people. And all the believers used to meet together in Solomon's Colonnade. 13 No one else dared join them, even though they were highly regarded by the people. 14 Nevertheless, more and more men and women believed in the Lord and were added to their number. 15 As a result, people brought the sick into the streets and laid them on beds and mats so that at least Peter's shadow might fall on some of them as he passed by. 16 Crowds gathered also from the towns around Jerusalem, bringing their sick and those tormented by impure spirits, and all of them were healed. The Apostles Persecuted 17 Then the high priest and all his associates, who were members of the party of the Sadducees, were filled with jealousy. 18 They arrested the apostles and put them in the public jail. 19 But during the night an angel of the Lord opened the doors of the jail and brought them out. 20 “Go, stand in the temple courts,” he said, “and tell the people all about this new life.” 21 At daybreak they entered the temple courts, as they had been told, and began to teach the people. When the high priest and his associates arrived, they called together the Sanhedrin—the full assembly of the elders of Israel—and sent to the jail for the apostles. 22 But on arriving at the jail, the officers did not find them there. So they went back and reported, 23 “We found the jail securely locked, with the guards standing at the doors; but when we opened them, we found no one inside.” 24 On hearing this report, the captain of the temple guard and the chief priests were at a loss, wondering what this might lead to. 25 Then someone came and said, “Look! The men you put in jail are standing in the temple courts teaching the people.” 26 At that, the captain went with his officers and brought the apostles. They did not use force, because they feared that the people would stone them. 27 The apostles were brought in and made to appear before the Sanhedrin to be questioned by the high priest. 28 “We gave you strict orders not to teach in this name,” he said. “Yet you have filled Jerusalem with your teaching and are determined to make us guilty of this man's blood.” 29 Peter and the other apostles replied: “We must obey God rather than human beings! 30 The God of our ancestors raised Jesus from the dead—whom you killed by hanging him on a cross. 31 God exalted him to his own right hand as Prince and Savior that he might bring Israel to repentance and forgive their sins. 32 We are witnesses of these things, and so is the Holy Spirit, whom God has given to those who obey him.” 33 When they heard this, they were furious and wanted to put them to death. 34 But a Pharisee named Gamaliel, a teacher of the law, who was honored by all the people, stood up in the Sanhedrin and ordered that the men be put outside for a little while. 35 Then he addressed the Sanhedrin: “Men of Israel, consider carefully what you intend to do to these men. 36 Some time ago Theudas appeared, claiming to be somebody, and about four hundred men rallied to him. He was killed, all his followers were dispersed, and it all came to nothing. 37 After him, Judas the Galilean appeared in the days of the census and led a band of people in revolt. He too was killed, and all his followers were scattered. 38 Therefore, in the present case I advise you: Leave these men alone! Let them go! For if their purpose or activity is of human origin, it will fail. 39 But if it is from God, you will not be able to stop these men; you will only find yourselves fighting against God.” 40 His speech persuaded them. They called the apostles in and had them flogged. Then they ordered them not to speak in the name of Jesus, and let them go. 41 The apostles left the Sanhedrin, rejoicing because they had been counted worthy of suffering disgrace for the Name. 42 Day after day, in the temple courts and from house to house, they never stopped teaching and proclaiming the good news that Jesus is the Messiah.  THE NEWS & COMMENT: Blackrock was planning their wealth redistribution moves The Party shoved down our throats during the so called “pandemic” far ahead of the Covid Flu. As with everything else in the Great Reset, it was planned in advance and they used brutal lies and PsyOps to install it.  The Going Direct reset, from September of 2020 Now, watch the world's food supplies and entire food supply chain. . . Destruction of Food Begins in Shanghai with Fences Installed to Keep People Locked Down The AP, of course, pretends this is all a battle against a flu: Shanghai erects metal barriers in fight against COVID-19 Even the BBC is covering this: Shanghai: Green fences baffle locked down residents See omnystudio.com/listener for privacy information.