Podcasts about Vanguard

On episode 423 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss an AI bubble floor under the market, when to sell NVDA, strategies that don't work anymore, how the housing market is impacting the stock market, the trade war is over, the summer crypto trade, investors are still buying homes, a bad idea for your 401k, Happy Gilmore 2 and more. This episode is sponsored by Vanguard. Learn more at: https://vgi.vg/3GbOsYM 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

On this special Q&A episode—recorded July 29 2025—Paul Merriman gears up for his August 2 keynote at the Garrett Planning Network Retreat, where he will address more than 100 hourly financial advisors about the future of financial literacy. He invites listeners to email questions for the panel (paul@paulmerriman.com) and then dives into ten wide‑ranging listener questions that benefit investors of every age and stage.What you'll learnAdding QQQ to the 10‑Fund “Ultimate Buy‑and‑Hold” portfolio: upside vs. hidden downside.Toughest markets Paul has faced—from the 1966–1981 whipsaw to the 1987 crash—and the timeless lessons they teach.Global diversification in 2025: 50/50 vs. 70/30 U.S./international and why volatility, not return, drives the decision. Table B4, Table B3a and Table B3bSmall‑Cap Value vs. S&P 500 performance: 1975‑1999's 5 % premium, 2000‑2025's 2.6 % edge, and what it means going forward.Avantis + DFA split for deeper diversification (cost, holdings, tracking error).Risks of an all‑Small‑Cap‑Value portfolio and when a worldwide all‑value approach makes more sense.Using DFA International Small‑Cap Value (DFISX) inside a 403(b) for a Two‑Fund strategy.Vanguard STAR vs. Vanguard Wellington: balanced‑fund showdown and why Wellington's 60/40 mix wins in the long run.Rebalancing at age 62: tax‑smart moves, asset‑location tactics, and simplifying with target‑date or balanced funds.Anatomy of the Ultimate Buy‑and‑Hold strategy: 10 equity asset classes, why it started in 1994‑95, and how four‑ and two‑fund variations stack up. Sound Investing Portfolio Returns (1970-2024) 50/50  and  Sound Investing Portfolio Returns (1970-2024) 70/30Paul backs every takeaway with real‑world data—from DFA, Avantis, Vanguard, and Russell indexes—illustrating how disciplined asset allocation can tame the brutal drawdowns that crush performance when investors chase recent winners. You'll hear why trend‑following protected clients in 1987, how dividends rescued returns in the 1966–1981 “go‑nowhere” market, and why low‑cost indexing plus global value exposure remain his bedrock recommendations.Got a question for Paul's hourly‑advisor panel? Email it before July 31 and help shape the conversation on transparent, client‑first advice.Listen now to sharpen your strategy—whether you're building wealth, 20 years from retirement, or fine‑tuning a 50/50 portfolio in your 60s.

In this episode of the Power of Zero Show, David McKnight looks at headlines, such as those from Vanguard, BlackRock or Morningstar, that have predicted a dismal forecast for stock market returns over the next decade. Since such articles predict 4-5% annual growth for the next decade, many investors are pondering whether they should take some chips off the table. Back in 2015, those same institutions and companies stressed that valuations were too high and that, since the markets had a great run, it couldn't possibly continue anymore. Vanguard forecasted 4-6% returns, BlackRock predicted 4.5-5% returns, while Research Affiliates predicted an anemic 1.5-2% returns. However, from 2015 through 2024, the S&P 500 posted a Compound Annual Growth Rate (CAGR) of roughly 11.9% - proving those predictions wrong! In fact, such forecasts by stock market research institutions turned out to be off by 5-6%.  David believes that financial institutions making failed predictions about the future of the stock market isn't just the exception, it's the rule. In the 2015-2024 timespan, we had a global pandemic that shut down entire economies, interest rates fell to zero, then spiked in record time, massive government stimulus, a tech boom, a crypto craze, and the rise of AI. - How many of those events could have been predicted in 2015? David doesn't recommend putting too much stock in long-term market forecasts by large financial institutions because, even if they might be well-researched, they're still guesses. For David, you shouldn't let fear drive your investment behavior. Not only should you stay invested over the next 10 years, but you should focus on investing inside tax-free accounts. Think about a balanced, comprehensive tax-fee approach that takes advantage of every nook and cranny in the IRS tax code.  David refers to tools such as Roth IRAs, Roth 401(k)s, and some properly structured cash value life insurance policies like Indexed Universal Life. What drives long-term stock market returns? “It isn't predictions, emotions, or headlines, it's innovation and productivity. If you look around, you can see that those things are accelerating, not slowing down,” says David.     Mentioned in this episode: David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Vanguard BlackRock Morningstar Research Affiliates S&P 500 Warren Buffett

With Collections finished up the party purchases some fine clothes to look their best during the Entrance ceremony and then its off for their first official guild quest!

In today's episode, we break down a viral TikTok retirement hack for kids, explore the unexpected benefit of working with a financial advisor (according to Vanguard), and uncover a powerful mindset shift that makes people 14% more likely to save for retirement. Whether you're planning for your future (or your child's) this episode connects trends, research, and real strategy. Take control of your financial future: https://www.btwealthshow.com/start-planning Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. The opinions voiced in this show are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult with your attorney, accountant, and financial or tax advisor prior to investing.  Premier Investments & Wealth Management and LPL Financial do not provide tax advice, please consult your tax professional.  Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes. The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal. Asset allocation does not ensure a profit or protect against a loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.  All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Consult your tax professional about eligibility to Roth and Traditional IRA contributions. Contributions and earnings in a Roth IRA can be withdrawn without paying taxes and penalties if the account owner is at least 59 ½ and has held their Roth IRA for at least five years. Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA. Premier Investments & Wealth Management and LPL Financial do not provide specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.

In this episode of the Personal Finance Podcast,  we are going to do a Money Q&A about  should I invest in REITS?  Today we are going to answer these questions: Question 1:  Should I buy Vanguard's VNQ REIT for easy real estate investing instead of using Fundrise? Question 2: Should I invest extra cash, pay off my boat and car loans, or tackle my 8% rental mortgages first? Question 3: How do I save money for my kids if I don't want a 529 and want them to use it for anything — not just college? Question 4: Is tax loss harvesting worth it for regular index fund investors — or should I just keep dollar-cost averaging? Question 5: Should I buy finance books now to learn more — or wait until my emergency fund and investments are set up? Question 6: I opened brokerage accounts in my name for my kids — how do I transfer these to them later without selling everything? How Andrew Can Help You:  Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok.  Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Go to https://joindeleteme.com/PFP20/ for 20% off! DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc.  This episode is sponsored by Plaud https://www.plaud.ai/ — an AI wearable gadget that takes notes of meetings and calls. With Plaud, you don't have to take notes and make summaries anymore. Shop outdoor furniture, grills, lawn games, and WAY more for WAY less. Head to wayfair.com  Visit www.functionhealth.com/PERSONALFINANCE  or use gift code PERSONALFINANCE100 at sign-up to own your health.  Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com/PFP   Links Mentioned in This Episode:  How to Invest In Real Estate Without the Headaches (Fundrise VS REITS!) 9 Things You Need to Do to Become a Millionaire Next Door Connect With Andrew on Social Media:  Instagram  TikTok Twitter  Master Money Website  Master Money Youtube Channel   Free Guides:   The Stairway to Wealth: The Order of Operations for your Money  How to Negotiate Your Salary  The 75 Day Money Challenge  Get out Of Debt Fast  Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Wolf Of All Streets, I sat down with legendary financial advisor Ric Edelman to break down why he believes crypto belongs in every portfolio. We talked about why the old 60/40 model is dead, how institutional adoption is changing everything, and why Bitcoin could be the best chance we have to close the wealth gap. If you're a financial advisor—or just want to understand how this all fits together—you need to hear this. Ric Edelman: https://x.com/ricedelman ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY!

Ken Banta is the founder and CEO of The Vanguard Network, a by-invitation-only community for top-level executives. He and his firm help C-Suite executives and business owners fine-tune their management skills, build valuable new relationships, and elevate the performance of their organizations. One of Ken's surprising recommendations is that companies do away with long-term strategic plans and instead focus primarily on the immediate horizon. “The way things move today is so quick and so unpredictable that having detailed strategies …seems to me to be really antiquated,” he says, akin to trying to predict the location of the next lightning strike. Ken is the author of Seeing Around Corners: C-Suite Wisdom from America's Most Insightful Leaders, a powerful collection of leadership insights from dozens of wise CEOs, general counsels, and boardroom veterans. But Ken's insights aren't only applicable to large companies and for-profit organizations. Any effective leader can take away a great deal of actionable advice from Ken's book and this week's conversation.  Wouldn't it be nice to see around the next corner? Monday Morning Radio is hosted by the father-son duo of Dean and Maxwell Rotbart. Photo: Ken Banta, The Vanguard Network Posted: July 28, 2025 Monday Morning Run Time: 43:54 Episode: 14.8 POPULAR EPISODES: Discover Johnny Molson's Proven Method to Win Lifelong Customers and Build Cascading Profitability Why Civics, Good Governance, and Ethics Are Essential for Small Businesses and Entrepreneurs Are Your Customers and Clients Likely To Wear Your ‘Team Colors' As They Clap and Stomp for Your Success?  

This episode is based off a Fox News article that explores the advancements in underwater living, highlighting how innovative habitats are making it a viable frontier for human settlement. It discusses the historical context of underwater modules, from Jacques Cousteau's early experiments to NASA's Aquarius Reef Base, and details cutting-edge technologies being developed by companies like DEEP. The text focuses on DEEP's Vanguard prototype for testing and gathering feedback, and the larger Sentinel system designed for extended stays. Ultimately, the article suggests that these developments could lead to permanent human presence beneath the ocean, unlocking new discoveries and offering solutions to environmental challenges.#UnderwaterLiving #OceanHabitat #UnderwaterInnovation #DEEPVanguard #SentinelSystem #AquaticSettlement #OceanExploration #UnderwaterTechnology #JacquesCousteau #NASAAquarius #MarineDiscoveries #EnvironmentalSolutions #SubseaLiving #OceanFrontier #FutureUnderwaterhttp://atlantisseacolony.com/https://www.patreon.com/atlantisseacolonyhttps://discord.gg/jp5aSSkfNS

Don and Tom explore the value of changing your mind in the face of new data—financial and otherwise. Sparked by Christine Benz's recent Morningstar piece, they reflect on how their own views on DIY investing, target date funds, and even TIPS have evolved over time. Listener questions cover annuity taxes, Bitcoin inflation claims, covered call ETFs, and whether CDs beat bond funds in retirement. Grumpiness levels: elevated but entertaining. 0:04 Flexibility in finance: Why it's okay to change your mind 1:16 Christine Benz says she's rethinking the DIY retirement approach 2:48 The underrated value of real financial advice (Vanguard Alpha) 3:51 Why advice matters more in retirement than during accumulation 5:36 All-in-one funds like target date strategies get a new look 6:41 Trick: Adjust your target date fund based on risk tolerance 7:47 Target date glide path flattens at retirement (~50% stock) 8:24 TIPS funds vs. laddering: Christine's third “meh” shift 9:53 Equities = effective inflation hedge; tips may be redundant 10:29 Don's personal changes: Target date funds and 4% rule flexibility 12:07 Vanguard survey: Advisors = peace of mind + time savings 13:23 Money and emotion: #1 cause of murder and divorce 14:57 Listener Q: What to do with a low-cost deferred annuity at Fidelity 17:09 Stop obsessing over who pays taxes—spend and enjoy 19:20 Listener Q: Bitcoin vs. dollars—why price comparisons fail 20:07 Bitcoin isn't a currency. It's just volatile 20:31 Listener Q: Are JEPI/JEPQ “safe” for dividends? Nope 22:04 Covered call ETFs carry hidden risks and higher costs 23:50 Listener Q: Why use bond funds instead of CDs or money market? 25:03 Bond funds vs. CDs: risk, return, and long-term expectations 27:08 Don's rant: Stop trying to game the system—good enough is good enough Learn more about your ad choices. Visit megaphone.fm/adchoices

Tony chats with John L. Connell, Co-Founder and CEO at Focal, they are the enterprise grade AI notetaking platform and automation platform for financial advisors and in the insurance agency and broker/dealer space. They are used across Charles Schwab, Vanguard, Commonwealth, and others. They deliver a vertical specific purpose built platform that saves advisors 50 hours a month! It empowers you to deepen your relationships with your clients.John L. Connell: https://www.linkedin.com/in/john-l-connell/Focal: https://meetwithfocal.com/Video Version: https://youtu.be/n0PUISKLMqs

Vanguardistas have more fun—so if you don't already subscribe to the podcast, join the Vanguard today via Apple Podcasts or extratakes.com for non-fruit-related devices. In return you'll get a whole extra Take 2 alongside Take 1 every week, with bonus reviews, more viewing recommendations from the Good Doctors and whole bonus episodes just for you. And if you're already a Vanguardista, we salute you.  Could we have found the film of the year already? ‘Bring Her Back' looks like it's got a fighting chance. Mark reviews this brilliantly unsettling new horror from The Philippou brothers, who last freaked us all out with ‘Talk To Me' in 2022. We've got the Good Doctor's verdict on ‘Fantastic Four: First Steps' too—plus the box office top 10 and all your top-quality correspondence.   Our guest this week is the fascinating Justin Kurzel. You know him as director of 2015's ‘Macbeth' with Michael Fassbender, 2021's ‘Nitram', and last year's Nazi-hunting thriller ‘The Order'--and now of his first TV project, ‘The Narrow Road To The Deep North', which hits British screens this week. He chats to Mark and Simon all about the visceral new series, which follows a group of Australian prisoners of war working on the Burma railway in the 1940s, and stars Jacob Elordi and Ciarán Hinds. Plus there's a bit of chat about Nina Simone's chewing gum, and a little teaser for his next project with the guardian of this strange and sticky piece of music ephemera, Warren Ellis.    Timecodes (for Vanguardistas listening ad-free):  Bring Her Back Review: 08:36  BO10: 15:50  Justin Kurzel Interview: 21:55  The Narrow Road to the Deep North Review: 38:20  The Fantastic Four: First Steps Review: 51:16    You can contact the show by emailing correspondence@kermodeandmayo.com or you can find us on social media, @KermodeandMayo  Please take our survey and help shape the future of our show: https://www.kermodeandmayo.com/survey   EXCLUSIVE NordVPN Deal ➼ https://nordvpn.com/take Try it risk-free now with a 30-day money-back guarantee!  A Sony Music Entertainment production.      Find more great podcasts from Sony Music Entertainment at sonymusic.com/podcasts and follow us @sonypodcasts    To advertise on this show contact: podcastadsales@sonymusic.com  Learn more about your ad choices. Visit podcastchoices.com/adchoices

RESTAURANT WORKERS, CORPORATE HOSTAGES Food Travel USA with Elizabeth DoughertyAlbum: The TRUTH About Food and Travel 072625 Episode #: 1952 Original Broadcast Date: 07/26/25 The next time you tip your server, remember this: you're not just rewarding good service—you're covering a billion-dollar corporation's payroll. That's not hyperbole. Thanks to a legal loophole, giant restaurant chains pay their front-line workers as little as $2.13 an hour, then expect you to make up the rest. These companies rake in billions, funnel profits to executives and shareholders, and still refuse to pay their own customer-facing, front-line employees a livable wage. They call it “tipping culture.” We call it wage theft disguised as tradition. And here's the kicker—if that underpaid server doesn't earn enough in tips to reach minimum wage? Technically, the company's supposed to make up the difference. But they rarely do. Why? Because they know customers will keep blindly paying the gap. This isn't just shady—it's systematic exploitation. These fat-cat CEOs get richer while we, the customers, get guilt-tripped into footing the bill. Meanwhile, servers scrape by with no benefits, no job security, and no respect. Enough is enough. It's time to call out this rigged system for what it is: corporate greed, hiding behind a smile and a side of fries. In this podcast, you'll hear mention of how two companies (BlackRock and Vanguard) own sizeable shares of these HUGE restaurant chains with recognizable names.  Here's the breakdown according to Chat GPT: BlackRock and Vanguard are the two largest asset managers in the world, and they hold shares in virtually every major publicly traded company, including nearly all large restaurant chains. They don't "own" these companies outright, but they control significant voting power through institutional investments on behalf of index funds and ETFs. Here are major restaurant chains in which BlackRock and Vanguard are known top shareholders: ✅ Fast Food & Quick Service Chains McDonald's (MCD) Yum! Brands (YUM) – owns KFC, Taco Bell, Pizza Hut Restaurant Brands International (QSR) – owns Burger King, Popeyes, Tim Hortons Wendy's (WEN) Chipotle Mexican Grill (CMG) Domino's Pizza (DPZ) Jack in the Box (JACK) Shake Shack (SHAK) Wingstop (WING) Del Taco (now owned by Jack in the Box) ✅ Casual Dining Chains Darden Restaurants (DRI) – owns Olive Garden, LongHorn Steakhouse, Cheddar's Brinker International (EAT) – owns Chili's, Maggiano's Little Italy Bloomin' Brands (BLMN) – owns Outback Steakhouse, Carrabba's, Bonefish Grill Texas Roadhouse (TXRH) Cracker Barrel (CBRL) The Cheesecake Factory (CAKE) BJ's Restaurants (BJRI) Red Robin (RRGB) ✅ Coffee, Bakery, and Specialty Chains Starbucks (SBUX) Dunkin' (was public; now private under Inspire Brands) Krispy Kreme (DNUT) BlackRock and Vanguard typically hold 5% to 15% stakes in these companies, and when combined, they're often the top two shareholders—effectively giving them immense influence over board decisions, executive pay, and corporate policies. FOOD TRAVEL USA FAST FACTS About the Show Using the chassis of a food and travel show, Elizabeth Dougherty has carved out her own lane in Talk Radio, covering the contamination of the food supply and the travel restrictions placed upon us by an overreaching government. The show also covers data protection, self-sufficiency, and homesteading-related topics to help protect us from this evil, corrupt system. With Elizabeth as the host, the show has a very different sound from the typical male-oriented talk radio. In combination with terrestrial stations that carry the show, we reach people who don't normally listen to politically-driven talk radio. In addition to the LIVE FEED of the show on Saturday afternoons from 5pm–7pm (Eastern) / 2pm–4pm (Pacific), we produce and distribute a dozen podcast segments each week. Website & Social Media Website: FoodTravelUSA.com Social Media: Facebook | X (formerly Twitter) | Truth Social | YouTube Broadcast Details Live Broadcast: Saturday, 5 PM Listen Anytime Production Team Executive Producer: Michael Serio Email: FoodTravelUSA@proton.me Why Listeners Tune In ✔ The latest food & travel insights—every week ✔ Homemade videos of healthy, easy-to-make recipes ✔ No-holds-barred interviews on a LIVE, fast-paced, nationwide call-in show ✔ Elizabeth Dougherty: Writer, trained chef, world traveler, and award-winning talk show host ✔ First to bring expert insights on GMOs—before anyone else ✔ A true LIVE SHOW—NO “Best Of” reruns! ✔ Hard-hitting topics & interviews—no recycled political spin ✔ Engaged social media presence—200,000+ followers

On episode 422 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss: why stock market returns can't be 15% per year forever, putting the Mag 7 into context, small caps are cheap, retail runs the show now, Opendoor is the new meme stock, investing is easy, owning 50% of a single stock in your Roth IRA, explaining Bitcoin, the Midwest real estate boom, losing your iPhone and more! This episode is sponsored by Vanguard and YCharts Learn more about Vanguard at: https://vgi.vg/3GbOsYM Click the link, https://go.ycharts.com/one-big-beautiful-bill-act?utm_source=Animal_Spirits&utm_medium=Original_Research&utm_campaign=OBBBA_Deck&utm_content=Podcast to download the deck for free, and get 20% off your initial YCharts Professional subscription when you start your free YCharts trial through Animal Spirits (new customers only) 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

In this episode, Paul Merriman shares insights into upcoming events, including his presentation at the Garrett Planning Network Retreat, as well as his reflections on asset allocation, government bond strategies, and the benefits of various portfolios for different life stages. Tune in for a deep dive into how different funds and asset classes perform over the long term, and how to optimize your investment strategy, regardless of age or risk tolerance.Key Topics Covered:1. Long-Term Returns ComparisonPaul compares two small-cap value funds: the Vanguard Small Cap Value Fund (VSIAX) and the DFA Small Cap Value Fund (DFFVX). To find long-term returns for these funds, Paul uses Morningstar's chart function, which allows users to view the maximum (MAX) historical data for any given fund, helping to compare the performance of these funds since their inception 2. Best Asset Allocation for RetireesThe best asset allocation for retirees typically depends on individual factors, such as risk tolerance and life expectancy. Generally, Paul suggests a moderate equity allocation of 40-60% in stocks, with the rest in fixed income, for retirees who have enough saved up to comfortably fund their retirement .3. Asset Allocation for an 83-Year-Old RetireeFor an 83-year-old retiree, Paul discusses a more conservative portfolio with two-thirds in bonds and one-third in equities. This conservative approach, which mirrors the allocation in Vanguard's target-date funds, aligns well with retirees who are less reliant on aggressive growth but still need some equity exposure to combat inflation .4. Why Use Three Government Bond Funds?Paul advocates for a diversified bond strategy that includes TIPS (Treasury Inflation-Protected Securities), short-term government bonds, and intermediate-term government bonds. This combination offers a balance of safety, growth potential, and reduced volatility compared to using just one bond fund, and provides a more stable return over time.5. How the Worldwide 4 Fund Portfolio WorksThe Worldwide 4 Fund Portfolio is structured with 25% in large-cap blend (U.S), 25% in large-cap value (INTL), 25% in small-cap blend (INTL), and 25% in small-cap value (U.S.), giving you a diversified mix of U.S. and international equities. This approach optimizes for both size and value, ensuring a balanced exposure to market growth, volatility, and global investment opportunities.6. Should a 26-Year-Old Use the 2 Funds for Life Portfolio Yes, a 26-year-old could benefit from the 2 Funds for Life Portfolio, which typically includes the A TARGET DATE FUND and a small-cap value fund. This strategy allows young investors to focus on equity growth, benefiting from the long-term appreciation potential of small-cap value stocks while minimizing risks associated with bonds at an early stage7. Managing the 2 Funds for Life Portfolio with S&P 500 & Small-Cap Value For someone using only the S&P 500 and small-cap value fund, Paul suggests a flexible allocation approach. You might start with a 50/50 split, or adjust according to your risk tolerance. The small-cap value fund tends to be more volatile but offers higher returns over time, while the S&P 500 provides more stability with lower volatility .8. Can There Be a 3 Funds for Life Portfolio?Yes, a 3 Funds for Life portfolio could include the S&P 500, large-cap value, and small-cap value. Paul suggests mixing these three equity asset classes to achieve a balanced portfolio that offers growth potential without overexposing yourself to risk.⁠Resources:1928-2024 Quilt Chart (K1a)⁠⁠Sound Investing Table (H2a)⁠Chris Pedersen's 2 Funds for Life Table: For more detailed insights, visit ⁠Chris Pedersen's 2 Funds for Life table⁠.

After a hairy return and a rather harrowing explanation its announced the results of the 3rd exam. Meeting a new member of the team the group sets out before being given the task of collections from the merchants for the guild.*Disclaimer Graphic descriptions

Don and Tom highlight what may be today's biggest stock market bargain: small-cap value stocks, which have drastically underperformed large-cap growth and now appear poised for long-term reversion to the mean. They explain why chasing big winners like Nvidia and Apple could backfire, and why broad diversification with a tilt toward small and value still makes sense. Callers get help with tax drag from old mutual funds, switching from expensive active funds to ETFs, household asset allocation, Roth conversions, and whether to sell a large single-stock inheritance. The show wraps with a well-deserved swipe at Jordan Belfort's shameless self-promotion. 0:05 Don kicks things off with a musical flashback: The Who's “Bargain” sets the tone for a segment on what may be today's biggest investing bargain—small value stocks. 2:00 The S&P 500 has averaged 13.2% annually since 2014; small caps lag at 7.2%. Investors are fleeing small-cap ETFs just as they may be poised for reversion to the mean. 3:30 The top five stocks in the S&P 500 are now five times larger than the entire Russell 2000. That kind of imbalance can't last forever. 5:08 Historically, small-cap value has outperformed large growth by ~4% annually over 100 years—yet most investors are overexposed to U.S. large-cap growth. 8:08 Instead of market timing, build a balanced portfolio based on your risk tolerance. Consider overweighting small and value, but don't ditch large caps entirely. 9:23 Even the worst year for small caps (2008, -34%) wasn't as bad as the S&P's peak-to-trough crash (-57%). Diversification isn't just smart—it's safer. 10:23 For equity allocation: a 1/3 split between large U.S., small U.S., and international may be simple, but effective. 11:59 Eugene from Baltimore has a $5M+ portfolio generating massive taxable income. Don and Tom recommend municipal bonds and more tax-efficient ETFs. 17:45 Mutual fund to ETF conversions (like those offered by Vanguard and Dimensional) could reduce Eugene's tax bill without triggering capital gains. 22:43 BJ from San Antonio holds a pricey Invesco fund (SMMIX) full of big tech—essentially a closet index fund with an 0.85% fee. Time to switch to low-cost, diversified ETFs. 25:38 Vanguard's VUG offers the same exposure with more holdings and a 0.04% fee—plus it's transparent, predictable, and consistent. 28:43 Ron in Lakeland wonders if he should copy his wife's ETFs. If your household has a unified asset allocation plan, identical holdings across accounts are fine. 31:27 Jerry from Lacey, WA asks whether to keep doing Roth conversions or start Social Security now. Don and Tom advise continuing tax-efficient conversions, possibly up to the 22% bracket, but not beyond. Also watch out for income thresholds that affect benefits like the $6K tax rebate. 35:46 Sherry (dropped call) inherited $4M in Microsoft. Diversify! But do it with a tax strategy and professional help. 36:49 Don reacts to a nauseating LinkedIn post by Jordan Belfort, reminding us that glorifying financial predators only feeds industry corruption. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeff Clark is a 27-year veteran of Vanguard Workplace Solutions, Head of Defined Contribution Research, and author of How America Saves 2025. We discuss trends in defined contribution plans and how auto-enrollment and target-date funds are changing the way Americans save and invest for retirement.    Rick Ferri, CFA, a long-time Boglehead and investment adviser, hosts the Bogleheads on Investing podcast. 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 forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads have held national conferences in major cities across the country. The 2025 conference will take place in San Antonio, Texas, from October 17 to 19. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. 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.          

A CMO Confidential Interview with Peri Hansen, Korn Ferry Leader, CMO Practice, North America. Peri discusses why the CMO position is becoming the vanguard of innovation, the importance of an "agile learner" mindset, and why there's no substitute for great leadership. Key topics include: how nothing "returned to normal" after COVID; the importance of org design; and why CMO's should own the entire customer life cycle and help drive company strategy. Tune in to hear why references matter more than ever and the importance of building a personal brand.Why the CMO Is Now the Innovation Leader | Peri Hansen, Korn Ferry CMO PracticeIn this episode of CMO Confidential, Mike Linton sits down with Peri Hansen, leader of the CMO Practice at Korn Ferry North America, to explore how the role of Chief Marketing Officer has become the new vanguard of innovation, strategy, and customer-centric growth.From org design to leadership development, Peri breaks down the key traits of successful CMOs and why companies are no longer returning to pre-COVID norms. She shares why agile learning, personal brand-building, and owning the full customer lifecycle are now non-negotiables for modern marketing leaders.Topics Covered: • Why CMOs are being tapped to drive innovation and transformation • The post-COVID shift in org design and what it means for marketing • The importance of leadership, agility, and continuous learning • Why great references still matter in the hiring process • How CMOs can (and should) influence company-wide strategySubscribe for weekly episodes featuring world-class marketing leaders, board members, and C-Suite executives.⏱️ Chapters (Optimized for 29-minute Runtime)00:00 – Intro: The Evolving Role of the CMO01:00 – Meet Peri Hansen: Korn Ferry CMO Practice Leader02:12 – Why the CMO is Now the Vanguard of Innovation04:30 – Three New Mandates for CMOs: Tech, Strategy & Lifecycle06:50 – The CMO as a Change Agent and Team Builder08:30 – Tech CMOs Are Leading—Who's Catching Up?10:15 – Building Tech Credibility as a Marketing Leader12:10 – “Nothing Returned to Normal” After COVID13:30 – Post-COVID Turnover: What CEOs and Boards Want Now15:30 – What's Replacing the Traditional CMO Role?17:10 – Why Org Design Is a Top Priority in CMO Searches19:05 – How Companies Realize They Need Org Restructuring20:45 – The AI Era: Is There a Leadership Gap Forming?22:20 – What Agile Leadership Actually Looks Like24:00 – What Resumes Reveal: Pivot Points and Risk-Taking25:10 – Why References Matter More Than Ever27:00 – Final Advice: CMOs, Build Your Own Personal Brand28:40 – Wrap Up & Where to Find More CMO Confidential Content#CMOConfidential #PeriHansen @kornferryintl #ChiefMarketingOfficer #Leadership #OrgDesign #CustomerExperience #MarketingStrategy #PersonalBrand #ExecutiveSearch #CMOInsightsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mentor Sessions Ep. 021: Bitcoin's Fight for Freedom: Alex Gladstein on Human Rights, IMF Debt Traps, and the Trojan Horse EffectWhat if Bitcoin isn't just for Wall Street, but a shield for freedom and human rights? In this explosive BTC Sessions interview, Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, unveils how Bitcoin empowers activism, defies censorship, and challenges the IMF's debt traps. From broken economies to authoritarian regimes, it's not about getting rich—it's about surviving inflation, tyranny, and financial oppression. Gladstein reveals how giants like Vanguard and BlackRock adopting Bitcoin unknowingly spread decentralization and freedom technology, acting as a Trojan horse against the International Monetary Fund's predatory system. Discover how Bitcoin could free nations and individuals from debt traps, reshaping global finance and human rights. Ready to escape the fiat matrix? Watch now for a mind-blowing take on Bitcoin's revolutionary power!Key Topics:• Bitcoin as an activist tool• Censorship resistance and decentralization• The IMF's debt trap history• Trojan horse effect of institutional adoption Chapters:• 00:00:00 - Intro: Bitcoin's Role in FreedomGladstein on Bitcoin as a tool for activism and dissidents.• 00:01:27 - Beyond Tech Bros: Bitcoin for AllWhy Bitcoin isn't just for the privileged.• 00:03:39 - Financial Privilege ExposedHow financial privilege blinds critics to Bitcoin's value.• 00:06:43 - Censorship Resistance in ActionBitcoin's power for activists under oppressive regimes.• 00:14:20 - Oslo Freedom Forum InsightsStories of censorship resistance from activists.• 00:32:14 - IMF Debt Traps UnveiledThe IMF's predatory lending and debt trap legacy.• 00:52:46 - Bitcoin vs. IMF: El Salvador's FightCan Bitcoin free countries like El Salvador from the IMF?• 00:59:01 - Trojan Horse of FreedomHow adoption drives decentralization and freedom.• 01:00:50 - Bitcoin's Unstoppable FutureWhy governments can't stop Bitcoin's rise.• 01:02:31 - Open-Source Money's PowerThe gift of Bitcoin's programmability.• 01:03:05 - Closing: Get Involved TodayGladstein's call to join the Bitcoin revolution. About Alex Gladstein:• Chief Strategy Officer, Human Rights Foundation• Twitter: @gladstein• Website: https://hrf.org/ Donate: https://hrf.org/btc/⚡ POWERED by @Sazmining — the easiest way to mine Bitcoin and take control of your financial future. ⛏️You own the rig

Don and Tom dive into the new “big, beautiful” tax bill with humor and skepticism, covering changes to Social Security taxation, tips and overtime exemptions, expanded SALT deductions, and the controversial $1,000 baby bonus. They also tackle listener questions on Roth vs. IRA asset protection, portfolio rebalancing confusion, and lazy robo-advisory allocations. Bonus: helium speculation, trade school love, and a jab at politicians who pander. 0:04 Intro: “Dearly beloved…” it's tax time 1:10 Overview of the “Big Beautiful Bill” and $4T impact 1:25 Tips and OT tax exemptions starting in 2025 2:09 Social Security tax break: $6K per person if under income limits 3:28 Standard deduction and new child tax credits 4:13 $1,000 newborn savings account—free government money 5:17 SALT deduction expanded to $40K for four years 6:44 Property and sales tax deductions clarified 7:48 Guilt over tax breaks? Try a Roth gift for the grandkids 8:27 The “kid account” vs. 529 plans vs. UGMA 10:58 Trade school > AI: real jobs that can't be outsourced 12:42 Don rants on political pandering in the bill 13:47 Listener Q1: 401(k) rollover and asset protection in Washington 16:17 IRA protections state-by-state 16:52 Listener Q2: Does rebalancing mean switching investments? 18:34 Rebalancing means returning to plan, not chasing trends 20:04 Show plug: Owen Wilson's helium speculation on “Stick” 21:28 Listener Q3: Is this Vanguard robo-portfolio too lazy? 22:47 Why it's impossible to rebalance between Roth and IRA accounts 23:58 Listener Q4: What's really inside DFAW? Core 1 vs. Core 2 27:26 Core 2 = more small/value tilt; DFAW ≈ AVGE 28:26 Expense ratio difference between DFAW and AVGE is negligible Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week's episode of Tower Casuals, Corey and Josh dive into The Edge of Fate, the first major chapter of Destiny 2's new Fate Saga. They break down the campaign's key narrative beats, explore the haunting landscapes of Kepler, and unpack the gameplay updates that redefine the experience. Join ⁠the DiscordThe discussion also delves into the return of Orin and the mysterious introduction of Lodi — two characters who could play pivotal roles in the story moving forward. Plus, they reflect on Ikora Rey's long-hidden past and how it reshapes her place in the Vanguard. From emotional moments and major lore reveals to standout encounters and future theories, this episode is packed with insights and speculation. Full spoilers ahead! Thank you for watching or listening to Tower Casuals: The Destiny Podcast by Tower Casuals and Boss Rush Media. You can find the show on YouTube and all major podcast platforms. If you enjoyed the discussion, be sure to like the video, subscribe to the channel, and rate us on Apple Podcasts or Spotify. Drop a comment to share your thoughts on this week's news or leave a question for next week's episode. Thank you for your continued support of Tower Casuals, Xbox Casuals, and Boss Rush Media!

171,000 Bitcoin... gone. A bombshell FOIA request reveals the U.S. Marshals only hold 28,988 BTC—raising serious questions: where's the rest? No audit. No transparency. That's over $20B missing as America debates a strategic Bitcoin reserve. At the same time, Congress pushes back on CBDCs, Vanguard's hand is forced into BTC exposure, and MicroStrategy inches toward the S&P 500. This isn't just a bull market—it's the unraveling of the old system. Bitcoin is the signal.SPONSORS

 To wash, or not to wash? Does your money stink? The shop digs into a key mailbag question regarding wash sales and Vanguard bonds (along with IRA rollovers) before digging into the Bitcoin impact of IBIT's new all-time high, why Warren Buffet's recent announcement at Berkshire Hathaway is dropping their stock value, and why […] The post Wash Sales Aren't The Problem – Your Advisor Is | Your Money Podcast – Episode 554 appeared first on Revere Asset Management.

Sean bienvenidos a un nuevo Spaces en directo desde Twitter. Esta será una entradilla corta para hablar sobre los orígenes del poder de la familia Kennedy, para ello voy a utilizar un artículo de la web vigilant citizen,ciudadano vigilante, una especie de técnico preocupado pero de USA. Dice así: “Los Kennedy fueron considerados, en su momento, la Familia Real de Estados Unidos: una poderosa dinastía que además era querida y admirada por el público. Sin embargo, la asombrosa "Maldición Kennedy" impactó profundamente a la familia, ya que numerosos miembros perdieron la vida a temprana edad y en extrañas circunstancias. Esta serie de artículos revelará datos menos conocidos sobre los Kennedy y explicará cómo el destino de la familia se relaciona con el gobierno en la sombra que gobierna Estados Unidos. Joseph Patrick Kennedy Sr. fue quien orquestó el ascenso de la familia al poder. Fue una figura destacada del Partido Demócrata y de la comunidad católica irlandesa de Estados Unidos. También fue un exitoso hombre de negocios, pues amasó una fortuna comprando y fusionando varios estudios cinematográficos de Hollywood e importando y distribuyendo bebidas alcohólicas en Estados Unidos después de la Ley Seca. Durante su carrera política, Kennedy se convirtió en un asesor cercano del presidente Franklin D. Roosevelt y fue nombrado presidente inaugural de la Comisión de Bolsa y Valores de Estados Unidos (SEC). En 1938, fue nombrado embajador de Estados Unidos en el Reino Unido, un prestigioso cargo donde estableció vínculos con la nobleza británica y presenció los inicios de la Segunda Guerra Mundial. Trató con personas pertenecientes a los "linajes Illuminati" (según la definición de Fritz Springmeier), como los Rothschild, los Astor y los Sassoon. Mantuvo una estrecha relación con el magnate periodístico y figura destacada de los Illuminati, William Randolph Hearst, quien posteriormente contribuyó al despegue de la carrera de JFK. Durante la carrera política de Kennedy Sr., asesoró a Roosevelt, masón de grado 33 y primer Gran Maestro Honorario de la Orden de DeMolay. Roosevelt, quien también fue asesorado por los notables ocultistas Manly P. Hall y Nicholas Roerich, ordenó la colocación del Sello de los Estados Unidos (el símbolo Illuminati de la pirámide con el ojo que todo lo ve) en el billete de dólar. Joe Kennedy Sr. también formó parte de varias órdenes de élite, como los Caballeros de Malta y la Sociedad de Peregrinos, un grupo altamente secreto que incluía entre sus miembros a los Rockefeller, los Vanderbilt, JP Morgan, miembros de la realeza británica, varios líderes de la Sociedad Skull and Bones, masones, Caballeros Templarios y presidentes de la Reserva Federal, así como ejecutivos de importantes empresas y medios de comunicación. De hecho, la Sociedad de Peregrinos es probablemente el grupo de élite más influyente que existe. En 1944, Kathleen, hija de Joe Kennedy, se casó con William Cavendish, duque de Devonshire (un cargo muy prestigioso dentro de la nobleza británica). El duque de Devonshire era Gran Maestro de la Gran Logia Unida de Inglaterra, el órgano rector de la mayoría de los masones en Inglaterra, Gales, Estados Unidos y la Commonwealth. Tras el fallecimiento prematuro de su hija, Joseph Kennedy declaró: Si Kathleen y su esposo vivieran, yo sería el padre de la duquesa de Devonshire (primera dama de compañía de la reina) y el suegro del líder de todos los masones del mundo. Por lo tanto, Joseph Kennedy estaba muy bien conectado con la élite oculta y los linajes Illuminati de Estados Unidos y Gran Bretaña. Si bien albergaba la esperanza de convertirse en candidato presidencial, su oportunidad se cerró cuando, ante la amenaza de una invasión nazi, declaró que «la democracia en Gran Bretaña ha terminado», añadiendo que «la batalla por Gran Bretaña no se trata de democracia, eso son puras tonterías». A puerta cerrada, Kennedy también fue descubierto simpatizando con Hitler y el movimiento nazi. También se le citó profiriendo diversas declaraciones antisemitas en conversaciones con los Astor. Consciente de que la indignación que causaba le impediría llegar a la presidencia, Kennedy padre actuó entre bastidores y se concentró en «colocar» a sus hijos en puestos de poder. Tenía la riqueza y, aún más importante, los contactos con la élite necesarios para que sus planes se hicieran realidad.” Robert F. Kennedy Jr., nacido el 17 de enero de 1954 en Washington D.C., es un abogado, activista ambiental y figura pública estadounidense, y su reciente papel como Secretario de Salud y Servicios Humanos (HHS) desde febrero de 2025, lo que ha generado controversia, especialmente por sus políticas sobre vacunas. Conocido por ser parte de la influyente familia Kennedy. Hijo de Robert F. Kennedy, exfiscal general y senador, y sobrino del presidente John F. Kennedy, ha forjado su propio camino, centrándose principalmente en el activismo ambiental y, más recientemente, en posturas controvertidas sobre la salud pública. Como presidente de la Waterkeeper Alliance (Alianza para la protección del agua), una organización dedicada a la protección de los recursos hídricos, Kennedy ha liderado esfuerzos para combatir la contaminación y promover esa palabreja tan manida por los de la agenda 2030, la sostenibilidad, ganándose reconocimiento por su trabajo en defensa del medio ambiente. Su trayectoria como abogado ambientalista incluye casos destacados contra grandes corporaciones por daños ecológicos, aunque si rascamos un poco vemos que la asociación Riverkeeper, la organización fundadora del movimiento fue la que logro la recuperación del rio Hudson por mas de mil millones de dólares. Ambas organizaciones fueron pioneras en reclamar la "restauración" de los ríos, un eufemismo que en realidad significa la destrucción de presas y otras infraestructuras hidráulicas y energéticas. Modelo que se ha replicado en todo el mundo golpeando especialmente a España. Los otros litigios han sido muy mediáticos pero en realidad hablamos de poco dinero y poca afectación para las multinacionales que contaminan el planeta de verdad. Kennedy comenzó su carrera profesional como asistente de distrito en Manhattan y, en la década de 1980, se unió a organizaciones como Riverkeeper y el Consejo de Defensa de Recursos Naturales (NRDC), enfocándose en la protección ambiental. En 1986, se convirtió en profesor adjunto de derecho ambiental en la Universidad Pace y, en 1987, fundó la Clínica de Litigios Ambientales de Pace. En 1999, fundó Waterkeeper Alliance, de la cual fue presidente durante 21 años, liderando esfuerzos globales para proteger los recursos hídricos. Su trabajo incluyó demandas exitosas contra municipios y corporaciones por violaciones de la Ley del Agua Limpia, consolidándolo como una voz prominente en la defensa del medio ambiente. Recibió reconocimientos como "Héroe del Planeta" de la revista TIME y el Premio Sartisky a la Paz, reflejando su impacto en este ámbito. Nosotros sabemos que Roma no premia a traidores, ergo, el no ha traicionado a Roma. Su carrera inicial se centró en la conservación de ecosistemas y la lucha contra la contaminación, especialmente en el impacto de estas en la salud humana. En 2014, co-fundó Children's Health Defense, una organización dedicada a abordar el aumento de condiciones crónicas infantiles, como el autismo, lo que marcó su transición hacia temas de salud pública. Children’s Health Defense (CHD), fundada por Robert F. Kennedy Jr., mantiene una postura crítica hacia la vacuna triple vírica (MMR, contra sarampión, paperas y rubéola), centrada en cuestionar su seguridad, eficacia y obligatoriedad. Esta afirmación se basa en el estudio de Andrew Wakefield de 1998, que relacionaba la MMR con el autismo. Dicho estudio fue retractado por supuestos fraudes científicos aunque si investigamos veremos que se trata de una argucia legal. A través de su sitio web, redes sociales y documentales como Vaxxed (coproducido por CHD), la organización difunde mensajes que cuestionan la MMR, alegando que los riesgos no se divulgan adecuadamente. Esta organización y sus posturas han sido criticadas por promover teorías conspirativas, como la idea de que la enfermedad de Lyme es un arma biológica, una afirmación que revivió en una audiencia del Senado el 5 de febrero de 2025. En los últimos años, Kennedy se ha posicionado como un crítico vocal de las políticas de vacunación, cuestionando el consenso científico y promoviendo escepticismo hacia las vacunas. Esto ha generado una polarización significativa, con seguidores que ven en él un defensor de la libertad individual y críticos que lo acusan de difundir desinformación. Sus libros, como “Timerosal: Que hable la ciencia” (2014), reflejan su enfoque en los supuestos riesgos de los conservantes en vacunas. Kennedy es un charlatán que solo está redefiniendo el negocio de los laboratorios mientras engaña, esperanza e ilusiona a los ingenuos. En unas recientes declaraciones dijo sobre las vacunas covid que “no superan los beneficios supuestos”, además de mencionar la “falta de datos de alta calidad que demuestren la seguridad de las vacunas de ARNm durante el embarazo” y la incertidumbre en cuanto a los beneficios para las madres gestantes y sus bebés”. Pero como podemos ver en la web del CDC, Notas del calendario de vacunación infantil, se sigue vacunando a bebes a partir de los 6 meses contra una enfermedad imaginaria como es el covid, con vacunas que se ha visto que presentan muchas reacciones adversas. Independientemente de las palabras de Kennedy al final las mujeres embarazadas son "personas de riesgo" para el CDC y por tanto se las recomienda vacunarse del covid. La administración bajo el mandato de Kennedy ha dicho que «todas las nuevas vacunas se someterán a pruebas de seguridad en ensayos controlados con placebo antes de su autorización», sin embargo la FDA acaba de aprobar una nueva inyección de Moderna sin un solo ensayo controlado con placebo. Los estudios con placebo empezarían a finales de este año y concluirían en 2027, pero la vacuna mNexspike de baja dosis ya esta en el mercado para personas de 65 años o mas o entre los 12 y 64 con al menos uno o más factores de riesgo subyacentes. Es más, Kennedy está permitiendo que siga la investigación para encontrar vacunas a la carta. Al respecto dijo: ”Un impulso para sustituir las vacunas de talla única por vacunas genéticamente personalizadas que sean seguras y eficaces para todos”. Leemos en una nota de prensa del Departamento de Salud y Servicios Humanos (HHS) del pasado 1 de mayo lo siguiente: “Washington, D.C. - Departamento de Salud y Servicios Humanos (HHS) y los Institutos Nacionales de Salud (NIH) anunciaron hoy el desarrollo de la plataforma de vacunas universales de próxima generación, Generation Gold Standard, utilizando una plataforma de beta-propioctona (BPL) activada por todovirus. Esta iniciativa representa un cambio decisivo hacia la transparencia, la eficacia y la preparación integral, financiando el desarrollo interno de vacunas universales contra la gripe y el coronavirus de los NIH, incluidos los candidatos BPL-1357 y BPL-24910. Estas vacunas tienen como objetivo proporcionar una protección de amplio espectro contra múltiples cepas de virus propensos a pandemias como la gripe aviar H5N1 y los coronavirus como SARS-CoV-2, SARS-CoV-1, y MERS-CoV. Nuestro compromiso es claro: toda innovación en el desarrollo de vacunas debe basarse en la ciencia y la transparencia del patrón oro, y sometida a los más altos estándares de pruebas de seguridad y eficacia, dijo el secretario del HHS, Robert F. Kennedy, Jr.” Nos están hablando no solo del covid, si no de la gripe aviar y el virus MERS… En abril de 2024, Kennedy lanzó una campaña para la nominación presidencial del Partido Demócrata, pero en octubre de ese año anunció que correría como independiente, rompiendo con el partido al que su familia ha estado históricamente vinculada. Su campaña se centró en temas como la libertad individual, la transparencia gubernamental y la reforma del sistema de salud, pero enfrentó desafíos en términos de apoyo y cobertura mediática. El 23 de agosto de 2024, suspendió su campaña y respaldó a Donald Trump en un mitin en Arizona, con la intención de mantener su presencia en la boleta en estados no competitivos. Este movimiento fue visto como una estrategia para influir en la política nacional, especialmente en temas de salud. El 14 de noviembre de 2024, Donald Trump lo nominó para el cargo de Secretario de Salud y Servicios Humanos (HHS), un puesto que asumió el 13 de febrero de 2025, tras una confirmación ajustada en el Senado con un voto de 52 a 48, donde Mitch McConnell fue el único republicano en votar en contra. Este nombramiento marcó un hito, ya que Kennedy se convirtió en el primer candidato presidencial independiente en ocupar un puesto de gabinete después de postularse para la presidencia. Su confirmación enfrentó oposición, con más de 17,000 médicos firmando una carta en enero de 2025 instando al Senado a rechazar su nominación, reflejando las preocupaciones sobre sus posturas en salud pública. Robert F. Kennedy Jr., al asumir el cargo de secretario de Salud y Servicios Humanos (HHS), poseía una cartera de inversión considerable que incluía acciones en empresas que, en teoría, debería regular en su rol. Según una carta de información presentada el 21 de enero de 2025, a pocos días de asumir su cargo, ante la Oficina de Ética Gubernamental de Estados Unidos, RFK Jr. se comprometió a desinvertir en varias compañías, incluidas las biotecnológicas CRISPR Therapeutics y Dragonfly Therapeutics, en un plazo de 90 días si era confirmado para el puesto. El invertía en empresas de terapias genéticas tales como CRISPR Therapeutics y Dragonfly mientras advertía de los riesgos de esas mismas terapias a través de su Fundación Children's Health Defens, en lo que consideramos una acción hipócrita. Un documento separado detalla un extenso listado de relaciones económicas, que incluye inversiones en empresas destacadas como Amazon, Apple, Vanguard, Citibank, Deutsche Bank, Rockefeller Access Fund, Disney, Warner Bros, entre otras, evidenciando la magnitud de su portafolio. Desde su toma de posesión, Kennedy ha implementado una serie de políticas controvertidas. El 13 de febrero de 2025, firmó la Orden Ejecutiva 14211, creando la Comisión "Make America Healthy Again" (MAHA), que preside, con el objetivo de investigar las enfermedades crónicas infantiles y evaluar las amenazas de los medicamentos con receta. El 22 de mayo de 2025, lanzó el informe MAHA, que posteriormente fue criticado por contener citas a estudios inexistentes, con la Casa Blanca atribuyendo los errores a problemas de formato. El 29 de mayo de 2025, se informó que su equipo agregó nuevos errores al informe, empeorando la situación. Otras acciones incluyen el despido de aproximadamente 5,200 trabajadores federales de salud recién contratados de agencias como los CDC y el NIH el 14 de febrero de 2025, y la eliminación de la mayoría del personal del Instituto Nacional para la Seguridad y Salud Ocupacional en abril de 2025, cancelando programas como las aprobaciones de equipos de seguridad para el lugar de trabajo y la investigación sobre la salud de los bomberos. El 9 de junio de 2025, removió a los 17 miembros del Comité Asesor sobre Prácticas de Inmunización (ACIP) de los CDC y los reemplazó con nuevos miembros, una decisión que generó críticas por potenciales conflictos de interés. El 20 de febrero de 2025, instruyó a los CDC a suspender las campañas publicitarias de vacunación contra la gripe durante una temporada de influenza severa, enfocándose en el "consentimiento informado". Durante un brote de sarampión en el suroeste de los Estados Unidos en 2025, que reportó 146 casos, 20 hospitalizaciones y 1 muerte en Texas a finales de febrero, Kennedy hizo comentarios públicos el 26 de febrero de 2025, afirmando falsamente que hubo dos muertes y cuatro brotes ese año (16 en 2024), y sugirió que la cuarentena fue la principal razón de las hospitalizaciones, lo cual fue refutado. Promovió tratamientos marginales como el aceite de hígado de bacalao y la vitamina A, y escribió un artículo de opinión en Fox News el 2 de marzo de 2025, calificando a las vacunas de "elección personal" y recomendando vitaminas, lo que llevó a informes de toxicidad por vitamina A en niños infectados. El 28 de marzo de 2025, enfrentó más críticas por promover tratamientos no convencionales, como vitaminas, lo que generó alarma entre los profesionales de la salud. El 25 de marzo de 2025, su desinformación llevó a la renuncia del principal encargado de la comunicación de salud pública de los CDC, y el 3 de marzo de 2025, el principal portavoz de HHS también renunció, citando "desinformación y mentiras". El 28 de marzo de 2025, el principal oficial de vacunas de la FDA también renunció por razones similares. En julio de 2025, Kennedy enfrenta demandas legales significativas. El 7 de julio de 2025, la Academia Americana de Pediatría, la Asociación Americana de Salud Pública y otras organizaciones médicas demandaron a HHS y a Kennedy por cambios unilaterales en las recomendaciones de vacunas, específicamente por eliminar las recomendaciones de vacunas contra el COVID-19, argumentando que estas acciones son ilegales. Estas demandas reflejan la creciente oposición de la comunidad médica a sus políticas. Además, el 25 de junio de 2025, acusó a Gavi, una agencia global de vacunas, de ignorar la ciencia en la inmunización de niños, una afirmación que ha sido controvertida y criticada por expertos. Robert F. Kennedy Jr. elogió recientemente la Operación Warp Speed, (lanzada en mayo de 2020, bajo la administración de Donald Trump, con el objetivo de acelerar el desarrollo, la producción y la distribución de vacunas, tratamientos y diagnósticos para la COVID-19), calificándola de "logro extraordinario" y "demostración de liderazgo" del expresidente Donald Trump. Esta declaración supone un cambio notable para Kennedy, que anteriormente había criticado la iniciativa. Sus comentarios se realizaron durante una audiencia en el Senado, destacando las complejidades de la lealtad política y la evolución de las narrativas que rodean el despliegue de la vacuna COVID-19 de la administración Trump. Las acciones de Kennedy como Secretario de HHS han generado un debate intenso sobre el equilibrio entre la libertad individual y la responsabilidad pública en salud. Su promoción de la iniciativa MAHA, incluyendo giras por estados como Oklahoma y Louisiana en julio de 2025, busca revolucionar el sistema de salud, pero muchos lo ven como una fuente de temor por su enfoque en teorías marginales y su rechazo al consenso científico. Su legado como activista ambiental sigue siendo notable, como dijimos fue miembro y directivo del grupo ambientalista Riverkeeper. El bagaje de esta ONG inspiró un libro cuyo prologo fue escrito por el también promotor de los créditos de carbono Al Gore. Robert Kennedy es un calentólogo que dio un discurso durante el concierto de la misma temática catastrofista llamado Live Earth que organizó David Rothschild y Al Gore entre otros. Robert F. Kennedy Jr durante “la Marcha Popular por el Clima” en Nueva York que se llevó a cabo el domingo 21 de septiembre de 2014 dijo: “que es lamentable que no existan leyes para reducir el escepticismo sobre el cambio climático entre los legisladores” y “"Ojalá existiera una ley que los castigara”. ¿No tiene ojos en la cara el señor Kennedy para ver que la geoingeneria está detrás del supuesto cambio climático? El ayuntamiento de Adeje, en la isla de Tenerife, le pago una visita para hablar sobre el cambio climático. Un ayuntamiento de un pueblo de 50.000 habitantes trae a una superestrella como el señor Kennedy para que les cuente una milonga que solo han visto unas 100 personas en Youtube. Les pondremos la charla en la descripción del podcast. Y es que hay mucho dinero para este tipo de campañas que en realidad promueven la Agenda 2030 al igual que otras supuestas luchas como la libertad sexual. RFK Jr. ha sido un luchador por la comunidad LGBT y el "matrimonio igualitario". En 2011 se unió a su Campaña de Derechos Humanos en Nueva York junto a Mike Bloomberg, Fren Drescher, Kevin Bacon, Whoopi Goldberg y otros. Es una marioneta mas del poder al igual que lo fue su tio o cualquier otro miembro de la familia Kennedy. El New York Post lo relacionó presuntamente con Epstein y el Lolita express, en un largo y documentado artículo publicado en diciembre de 2023. No solo muestra una fotografía de RFK Jr. y su amante durante una fiesta que ofreció Epstein en 1994 si no que recoge declaraciones del propio Kennedy reconociendo que viajo por lo menos dos veces en el avión del pederasta en compañía de niños. Su amante por aquel entonces que luego terminaría siendo su esposa, Mary Richardson Kennedy, se suicidó en 2012 dos años después de divorciarse de Kennedy. Por aquel entonces estaban empezando a salir a la luz los escándalos de Epstein. En el New York Post podemos leer: “Kennedy era tan cercano a Epstein que el multimillonario tenía una larga entrada para “Kennedy, Bobby y Mary” en su “pequeña libreta negra”, que incluía contactos de personas de la alta sociedad y políticos, así como de las jóvenes a las que agredió sexualmente.” Christina Oxenberg miembro de la depuesta familia real serbia (el príncipe Andrés de Gran Bretaña es primo segundo), es una vieja amiga de la familia Kennedy y escribió un libro en 2021 donde habla de esa relación: “Esos viajes tuvieron lugar hace aproximadamente 30 años, mucho antes de que la conducta criminal del Sr. Epstein fuera de conocimiento público”. “En junio de 1989, el magnate de la prensa británica Robert Maxwell organizó una fiesta en el Lady Ghislaine, a orillas del Potomac, en Washington, D. C. Entre los invitados se encontraban el reverendo Jesse Jackson, exsecretario de Defensa, el director de la CIA y dos Kennedy.” Robert Maxwell era el padre de la compinche de Epstein, la supuesta madame, que atraía y manejaba a las chicas jóvenes con las que Epstein chantajeaba a la flor y nata mundial. Una Doctora que huyó a México estuvo denunciando a este particular Kennedy de que le estaba enviando acoso mafioso organizado e intentos de asesinato con tipos de la C I A. Esto durante la plandemia, antes de ingresar como miembro del "gobierno" actual de USA. Por supuesto este tipo de noticias son tildadas de bulo por las agencias verificadoras. Pero conozcamos un poco de dónde vienen estas agencias. Y es que la CIA, las agencia de verificación y los Kennedy son como uña y carne como se puede ver en documentos desclasificados de la propia CIA. Desde 1985 la CIA planeó como introducir sus ideas en el público. Para ello se infiltró junto al FBI en varias universidades como la Escuela de Gobierno Kennedy de Harvard. Desde allí se empezaron a crear las primeras agencias de fact checking como Crosscheck y otras bajo agencias como First Draft...agencia cuya supervisión recae en la propia CIA. Para Maldita.es la verdad brota de estas fuentes. Como os digo la propia CIA dio una conferencia en 1987 para dejar claro que las mentes más privilegiadas debían compartir pupitre con algunos de sus agentes. Esto es ya es duro de por si...pero aún no es nada para lo que esconden estas agencias de verificación. Una pequeña búsqueda os arrojará quién está detrás de la financiación de las principales. Incluyendo las españolas maldito bulo y otras. Las Fundaciones Avina y Ashoka son sus principales garantes. Nuestros amigos de Desmontando a Babylon nos lo contaron en varias ocasiones como en BdlV - dab radio temporada 7.0 Episodio 03 No somos m ashokas Clara Jiménez Cruz, la cofundadora y CEO de Maldito Bulo fue elegida Ashoka Fellow (una changemaker) en 2019. ¿Qué es eso de Ashoka y de que va ese tema de los changemakers, los hacedores del cambio o emprendedores sociales? Básicamente hablamos de unas cuantas familias poderosas, entre ellas la suiza Schmidheiny y la belga Emsens y De Cartier, todas ellas propietarias de las multinacionales que explotaron el amianto, creando y financiando estas agencias de verificación con la complicidad, como no, de los Estados Unidos. Así que ya veis, las multinacionales que contaminaron con amianto todo el mundo occidental y que han provocado cientos de miles de muertes por cáncer están detrás de las agencias que verifican si la información es real. De esto no oiréis hablar nunca al flamante RFK Jr. Estamos ante un político que habla sin dejar clara su postura en muchos puntos importantes, por ejemplo, durante su comparecencia en la audiencia del 29 de enero de 2025 para considerar su nominación como Secretario de Salud y Servicios Humanos le hicieron esta pregunta sobre la IA: “La inteligencia artificial está transformando la investigación, el desarrollo y la prestación de servicios sanitarios. Tiene el potencial de mejorar la atención al paciente, los resultados sanitarios y la eficiencia. La IA también podría ser utilizada por los pagadores para limitar el acceso de los pacientes y crear obstáculos adicionales. ¿Qué papel cree que desempeñará el HHS en la gobernanza de esta tecnología transformadora?" Y esta fue su respuesta: “La inteligencia artificial tiene el potencial de cambiar fundamentalmente la forma en que se prestan los servicios sanitarios y los servicios humanos. Teniendo esto en cuenta, es posible que sea necesario considerar nuevas políticas y enfoques en toda la industria y el gobierno. El HHS puede apoyar mejor a los pacientes ofreciendo un entorno regulatorio claro y estable, cuando sea apropiado, con respecto a la seguridad, la eficacia y la transparencia, al tiempo que crea un amplio espacio para que el sector privado innove y amplíe la competitividad de Estados Unidos.” Le preguntaron sobre la transparencia. “Sr. Kennedy, la primera administración Trump tomó medidas importantes para mejorar la transparencia en la atención médica. Los programas y requisitos de transparencia en la atención médica, si se amplían, podrían ofrecer una oportunidad única para ayudar de manera significativa a reducir los costos de la atención médica y mejorar la calidad de los resultados. Si se confirma su nombramiento, ¿seguirá apoyando estos esfuerzos mediante la implementación de programas piloto de transparencia adicionales y políticas del HHS para ampliar aún más el trabajo que el gobierno federal ya ha comenzado en materia de transparencia?” Respuesta: R: “Si se confirma mi nombramiento, me comprometo a instaurar la transparencia en todos los programas y actividades del HHS, para que los estadounidenses puedan recuperar la confianza en el sistema sanitario. Además, espero con interés trabajar con el Congreso para presentar reformas legislativas que proporcionen a los estadounidenses una transparencia sin precedentes en su sistema sanitario.” Le preguntaron por la pandemia de Covid y se limito a contestar como lo haría un político. “La pandemia de COVID-19 puso de relieve el papel fundamental de la telesalud, que permite a los pacientes mantenerse en contacto con sus equipos de atención médica mientras permanecen seguros en sus hogares. Pero más allá de la pandemia, la telesalud sigue ofreciendo esperanza e innovación, desde el apoyo a los servicios de salud mental hasta la gestión de enfermedades crónicas, la mejora de la atención materna e incluso la solución de la escasez de personal en el sector sanitario. Presenté la Ley de Modernización de la Telesalud, un proyecto de ley bipartidista para hacer permanentes las flexibilidades de telesalud promulgadas durante la pandemia de COVID-19, con el fin de garantizar la cobertura continua y el acceso a la atención médica para los estadounidenses. Si se confirma, ¿cómo planea el HHS trabajar con el Congreso para garantizar que millones de beneficiarios de Medicare no pierdan el acceso a los servicios de telesalud y caigan abruptamente en el «precipicio de la telesalud»?” Respuesta: “La telesalud es una herramienta importante para proporcionar acceso a una gama de servicios de atención médica cruciales, especialmente para quienes viven en zonas rurales y en áreas con escasez de proveedores. Si se confirma mi nombramiento, espero trabajar con el Congreso para garantizar que los modos innovadores de prestación de atención médica, como la telesalud, maximicen la calidad y el acceso a la atención para los beneficiarios de Medicare.” Y es que durante el Covid se gano mucho dinero sometiendo a la población a medidas tan absurdas como usar un bozal que no servia para nada. Tenemos un escándalo en España que relaciona a la oficina de la Fundación Human Rights que dirige Kennedy con este tema de las mascarillas. El hijo de Nati Abascal se compró entre otras cosas un yate de 13 metros de eslora con sus comisiones. Encima bautizó a la embarcación como Feria en honor al titulo nobiliario que ostenta la familia, el del famoso pederasta Duque de Feria. Fue la presidenta de la universidad americana CIS, María Díaz de la Cebosa que es a la vez la persona que lleva en España la fundación Human Rights que preside Kennedy la que le facilitó al imputado Luis Medina el teléfono de Carlos Martínez-Almeida, el primo del alcalde de Madrid, José Luis Martínez-Almeida. Los dos empresarios imputados se llevaron 6 millones de euros de un contrato para la compra de material sanitario. El hijo de Naty Abascal y su exsocio, absueltos de estafar al Ayuntamiento de Madrid, todo quedo en agua de borrajas. Le preguntan sobre el SIDA y responde esto: “El presupuesto anual del Instituto Nacional de Alergias y Enfermedades Infecciosas impulsa investigaciones fundamentales; entre los ejemplos se incluyen el desarrollo exitoso de nuevas vacunas contra el VRS, un fármaco aprobado por la FDA que retrasa la aparición de la diabetes tipo 1, una vacuna de ARNm contra el VIH y mucho más. Explique por qué planea detener este trabajo y a quién beneficiará.” Respuesta: “Si se confirma mi nombramiento, espero evaluar todas las agencias y programas para asegurarme de que están cumpliendo la misión de devolver la salud a los estadounidenses.” Las agencias de verificación son un invento, como hemos visto antes, de las grandes multinacionales y estas mismas empresas siguen trabajando sin cortapisas bajo la administración de este supuesto antivacunas que no lo es tal. Estas agencias no nos contaran la verdad jamas y no hablaran de la relación de este Kennedy con los grupos antivacunas que promocionan en verdad la Agenda 2030 y la Nueva era. Ni de esto ni de la La trágica historia de Rosemary, la hermana de J.F. Kennedy a quien su padre mandó a lobotomizar. Yo no me fiaría mucho de una familia que es capaz de realizarle una lobotomía a una pobre joven con problemas derivados de su nacimiento. En el parto no pudo respirar por no dejar que saliera de forma natural esperando casi dos horas por un médico que no llegaba. Una criada mantuvo las piernas cerradas de la madre… Hablamos de una joven con pequeños trastornos de aprendizaje que llegó a socializar con la realeza británica. Fue expulsada de Inglaterra por las declaraciones de su padre que afirmaba “que Reino Unido no podía ganar la guerra y que la democracia había terminado”. Regreso a USA y al final fue recluida en un convento...era incontrolable y una Kennedy incontrolable es un problema de estado. En un articulo de BBC news leemos: “Encerrada en un convento, se volvió desafiante a las restricciones. Las monjas no pudieron controlarla. "Muchas noches", recordó la prima de Rosemary, Ann Gargan, "la escuela llamaba a decir que había desaparecido y la encontraban vagando por las calles a las 2 a.m.". Pronto se supo que Rosemary se estaba escapando, según un compañero paciente que compartió muchos años del confinamiento posterior de Rosemary, para ir a tabernas y encontrarse con hombres en busca de atención, consuelo y sexo, escribió Elizabeth Koehler-Pentacoff en The Missing Kennedy.” Su padre tenía aspiraciones políticas para sus hijos y Rosemary era un peligro así que decidió someterla a una lobotomía con solo 23 años. Seguimos leyendo en BBC news: “Tras perforar agujeros en el cráneo de Rosemary, Freeman insertó un cuchillo y comenzó a cortar los lóbulos frontales de su cerebro. Atada a la mesa, ella estaba despierta y aterrorizada durante el procedimiento. De repente, se quedó en silencio y cayó en la inconsciencia. La operación había sido un catastrófico fracaso. Rosemary quedó sin poder caminar ni hablar. Incluso después de años de terapia, no podía pronunciar más que unas pocas palabras y nunca recuperó completamente el uso de sus extremidades.” Murió en 2005, a los 86 años tras pasar 63 largos años aislada, recluida en centros de internamiento privados sin recibir visitas. Si son capaces de hacer eso con uno de los suyos, que no serán capaces de hacer con un extraño. A continuación se presenta una lista de los principales eventos considerados parte de la «Maldición Kennedy». Si bien es improbable que todos estos eventos fueran resultado de una conspiración contra la familia, es difícil ignorar el fuerte patrón de sincronicidad, también conocido como «coincidencias significativas», asociado con los Kennedy. 1941—Se creía a menudo que Rosemary Kennedy padecía problemas mentales. Algunas fuentes afirmaban que padecía enfermedades mentales, como depresión y esquizofrenia. Debido a sus cambios de humor cada vez más violentos y severos, su padre, Joe Sr., organizó en secreto que se sometiera a una lobotomía. La lobotomía, en cambio, deterioró aún más sus capacidades cognitivas y, como resultado, Rosemary permaneció internada hasta su fallecimiento en 2005. 12 de agosto de 1944—Joseph P. Kennedy, Jr. murió cuando su avión explotó sobre East Suffolk, Inglaterra, como parte del Proyecto Anvil. 13 de mayo de 1948—Kathleen Cavendish, marquesa de Hartington, murió en un accidente aéreo en Francia. 23 de agosto de 1956: Jacqueline Bouvier Kennedy dio a luz a una hija muerta, Arabella. (Aunque está enterrada en el Cementerio Nacional de Arlington junto a sus padres con una placa que dice "Hija", sus padres tenían la intención de llamarla Arabella). 9 de agosto de 1963—Patrick Bouvier Kennedy murió dos días después de su nacimiento prematuro. 22 de noviembre de 1963—El presidente estadounidense John F. Kennedy fue asesinado en Dallas, Texas. Lee Harvey Oswald fue acusado del crimen, pero Jack Ruby lo mató a tiros dos días después, antes de que pudiera celebrarse el juicio. El FBI y la Comisión Warren concluyeron oficialmente que Oswald fue el único asesino. Sin embargo, el Comité Selecto de la Cámara de Representantes de Estados Unidos sobre Asesinatos (HSCA) concluyó que dichas investigaciones presentaban graves deficiencias y que Kennedy probablemente fue asesinado como resultado de una conspiración. 19 de junio de 1964—El senador estadounidense Edward M. “Ted” Kennedy sufrió un accidente aéreo en el que fallecieron uno de sus asesores y el piloto. Fue rescatado de los restos por su colega senador Birch E. Bayh II y pasó semanas hospitalizado recuperándose de una fractura de espalda, un pulmón perforado, costillas rotas y una hemorragia interna. 5 de junio de 1968—El senador estadounidense Robert F. Kennedy fue asesinado por Sirhan Bishara Sirhan en Los Ángeles, inmediatamente después de su victoria en las primarias presidenciales demócratas de California. Sirhan fue declarado culpable del asesinato de Kennedy y cumple cadena perpetua en el Centro Correccional Richard J. Donovan. 18 de julio de 1969—En el incidente de Chappaquiddick, Ted Kennedy se cayó accidentalmente de un puente en la isla de Chappaquiddick, atrapando fatalmente a su pasajera, Mary Jo Kopechne, en su interior. En su declaración televisada del 25 de julio, Kennedy afirmó que la noche del incidente se preguntó si realmente pesaba una terrible maldición sobre todos los Kennedy. 13 de agosto de 1973—Joseph P. Kennedy II era el conductor de un automóvil que se estrelló y dejó a su pasajera, Pam Kelley, paralizada. 25 de abril de 1984—David Anthony Kennedy murió de una sobredosis de cocaína y Demerol en una habitación de hotel de Palm Beach, Florida. 31 de diciembre de 1997—Michael LeMoyne Kennedy falleció en un accidente de esquí en Aspen, Colorado . Kennedy era sospechoso de estupro tras mantener una relación de tres años con una niñera de 14 años. 16 de julio de 1999—John F. Kennedy, Jr. falleció cuando la avioneta Piper Saratoga que pilotaba se estrelló en el océano Atlántico frente a la costa de Martha's Vineyard debido a un error del piloto. Su esposa y su cuñada también fallecieron. – Wikipedia, “La maldición de Kennedy” ………………………………………………………………………………………. Conductor del programa UTP Ramón Valero @tecn_preocupado Canal en Telegram @UnTecnicoPreocupado Un técnico Preocupado un FP2 IVOOX UTP http://cutt.ly/dzhhGrf BLOG http://cutt.ly/dzhh2LX Ayúdame desde mi Crowfunding aquí https://cutt.ly/W0DsPVq Invitados Dra Yane #JusticiaParaUTP @ayec98_2 Médico y Buscadora de la verdad. Con Dios siempre! No permito q me dividan c/izq -derecha, raza, religión ni nada de la Creación. https://youtu.be/TXEEZUYd4c0 ………………………………………………………………………………………. Enlaces citados en el podcast: AYUDA A TRAVÉS DE LA COMPRA DE MIS LIBROS https://tecnicopreocupado.com/2024/11/16/ayuda-a-traves-de-la-compra-de-mis-libros/ La vida oculta de los Kennedy: La dinastía de la élite que fue diezmada (Parte I) https://vigilantcitizen.com/vigilantreport/kennedys-elite-dynasty-got-decimated-pt/ La vida oculta de los Kennedy: La dinastía de la élite que fue diezmada (Parte II) https://vigilantcitizen.com/vigilantreport/hidden-life-kennedys-elite-dynasty-got-decimated-pt-ii/ La vida oculta de los Kennedy: La dinastía de élite diezmada (Parte III) https://vigilantcitizen.com/vigilantreport/hidden-life-kennedys-elite-dynasty-got-decimated-pt-iii/ Moderna consigue aprobación de la FDA para mNexspike, su vacuna COVID de baja dosis con acceso limitado https://www.infobae.com/estados-unidos/2025/06/01/moderna-consigue-aprobacion-de-la-fda-para-mnexspike-su-vacuna-covid-de-baja-dosis-con-acceso-limitado/ Kennedy es un charlatán que solo está redefiniendo el negocio de los laboratorios mientras engaña, esperanza e ilusiona a los ingenuos. Se sigue vacunando a bebes a partir de los 6 meses. https://www.cdc.gov/vaccines/hcp/imz-schedules/child-adolescent-notes.html#note-covid-19 Independientemente de las palabras de Kennedy al final las mujeres embarazadas son "personas de riesgo" para el CDC y por tanto se las recomienda vacunarse del covid. https://www.nejm.org/doi/full/10.1056/NEJMsb2506929 FDA aprueba nueva inyección de Moderna sin un solo ensayo controlado con placebo https://cienciaysaludnatural.com/fda-aprueba-nueva-inyeccion-de-moderna-sin-ensayo-controlado/ PowerPoint de Children's Health Defense "El público exige una vacuna Covid-19 segura". "Lo que muchos quieren realmente es un programa de vacunas seguras para todos, 𝗳𝗼𝗿 𝘆𝗼𝘂 𝗮𝗻𝗱 𝗺𝗲, 𝗳𝗼𝗿 𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻, 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗴𝗿𝗮𝗻𝗱𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻." "Un impulso para sustituir las vacunas de talla única por 𝗴𝗲𝗻𝗲𝘁𝗶𝗰𝗮𝗹𝗹𝘆 "𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗶𝘇𝗲𝗱" 𝗶𝗺𝗺𝘂𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻𝘀 que sean seguras y eficaces para todos" Fuente de las diapositivas (13 y 54): https://childrenshealthdefense.org/protecting-our-future/covid-vaccine-safety-concerns/ Nota de prensa del Departamento de Salud y Servicios Humanos (HHS) del pasado 1 de mayo. Washington, D.C. - Departamento de Salud y Servicios Humanos (HHS) y los Institutos Nacionales de Salud (NIH) anunciaron hoy el desarrollo de la plataforma de vacunas universales de próxima generación, Generation Gold Standard, utilizando una plataforma de beta-propioctona (BPL) activada por todovirus. Esta iniciativa representa un cambio decisivo hacia la transparencia, la eficacia y la preparación integral, financiando el desarrollo interno de vacunas universales contra la gripe y el coronavirus de los NIH, incluidos los candidatos BPL-1357 y BPL-24910. Estas vacunas tienen como objetivo proporcionar una protección de amplio espectro contra múltiples cepas de virus propensos a pandemias como la gripe aviar H5N1 y los coronavirus como SARS-CoV-2, SARS-CoV-1, y MERS-CoV. Nuestro compromiso es claro: toda innovación en el desarrollo de vacunas debe basarse en la ciencia y la transparencia del patrón oro, y sometida a los más altos estándares de pruebas de seguridad y eficacia, dijo el secretario del HHS, Robert F. Kennedy, Jr. https://www.hhs.gov/press-room/hhs-nih-announces-generation-gold-standard.html Noticia de 11 de abril de 2025. La FDA aprueba vacuna de ARN mensajero contra la "gripe aviar". La FDA concedió la designación de vía rápida a una vacuna candidata de ARNm autoamplificante (ARCT-2304) para inmunización activa con el fin de proteger contra el subtipo H5N1 de la gripe A, también conocida como gripe aviar. La designación responde a la necesidad no cubierta de prevención del subtipo H5N1, que sigue siendo un riesgo sanitario mundial, y en noviembre de 2024 se inició un ensayo de fase 1 (NCT06602531) de la vacuna. https://www.drugtopics.com/view/fda-grants-fast-track-designation-for-potential-bird-flu-vaccine Robert Kennedy Jr invirtió en varias empresas de terapias genéticas tales como CRISPR Therapeutics y Dragonfly por un lado, mientras advertía de los riesgos esas mismas terapias a través de su Fundación Children's Health Defens por el otro. Dejo de participar en dichas empresas por los conflictos políticos que suponía su cargo sanitario en la Administración Trump no por conflictos éticos por su discurso contradictorio en Children's Health Defense. https://www.fiercebiotech.com/biotech/rfk-jr-will-divest-interests-crispr-tx-dragonfly-if-hhs-role-confirmed-letter Robert Kennedy es un calentólogo que dio un discurso durante el concierto de la misma temática catastrofista llamado Live Earth que organizó David Rothschild y Al Gore entre otros. https://youtube.com/watch?v=KG5zckBejK0&t=26s Robert F. Kennedy Jr. elogió recientemente la Operación Warp Speed, calificándola de "logro extraordinario" y "demostración de liderazgo" del expresidente Donald Trump. Esta declaración supone un cambio notable para Kennedy, que anteriormente había criticado la iniciativa. Sus comentarios se realizaron durante una audiencia en el Senado, destacando las complejidades de la lealtad política y la evolución de las narrativas que rodean el despliegue de la vacuna COVID-19 de la administración Trump. https://m.youtube.com/watch?v=xxOhOAXfjZw Robert F. Kennedy Jr: Los negacionistas del cambio climático deben ser castigados por ley Septiembre de 2014 https://www.al.com/news/2014/09/robert_f_kennedy_jr_climate-ch.html Robert Kennedy Jr presidió Waterkeeper, grupo ambientalista que acabó fusionándose con RiverKepper de la que también fue abogado. Ambas organizaciones fueron pioneras en reclamar la "restauración" de los ríos, un eufemismo que en realidad significa la destrucción de presas y otras infraestructuras hidráulicas y energéticas. Modelo que se ha replicado en todo el mundo golpeando especialmente a España. https://es.waterkeeper.org/revistas/volumen-14-n%C3%BAmero-2/deja-que-nuestros-r%C3%ADos-corran-libres/ Robert Kennedy Jr fue miembro y directivo del grupo ambientalista Riverkeeper. El bagaje de esta ONG inspiró un libro cuyo prologo fue escrito por el también promotor de los créditos de carbono Al Gore. https://en.wikipedia.org/wiki/The_Riverkeepers Robert Kennedy es un activista climático. Conferencia en español y en Adeje, Tenerife https://www.youtube.com/watch?v=GzW2APdiMJs RFK Jr. ha sido un luchador por la comunidad LGBT y el "matrimonio igualitario". En 2011 se unió a su Campaña de Derechos Humanos en Nueva York junto a Mike Bloomberg, Fren Drescher, Kevin Bacon, Whoopi Goldberg y otros. https://youtu.be/66DspDO3Oyo Una Doctora que huyó a Mexico estuvo denunciando a este particular Kennedy de que este tipo le estaba enviando Acoso mafioso organizado e intentos de asesinato con tipos de la C I A. Esto en etapa de plandemia, antes de ingresar como miembro del "Robierno" actual de Usa. se lo relacionó presuntamente con Epstein y el Lolita express, presuntamente señor juez, como diría Ramón. https://nypost.com/2023/12/08/news/pictured-robert-f-kennedy-jr-and-jeffrey-epstein/ Robert F. Kennedy Jr. retirará sus inversiones en dos biotecnológicas si es confirmado para dirigir el Departamento de Salud y Servicios Humanos (HHS). Como secretario de Sanidad, RFK Jr. dijo que desinvertiría en varias empresas -incluidas CRISPR Therapeutics y Dragonfly Therapeutics- en un plazo de 90 días, según una carta de información presentada el 21 de enero ante la Oficina de Ética Gubernamental de Estados Unidos. Otras empresas de la lista son Amazon y Apple. La carta que se refiere es esta: https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/F3C8425ED335BB5685258C1A00565D57/$FILE/Kennedy%2C%20Jr.%2C%20Robert%20F.%20%20AMENDED%20finalEA.pdf Y este es el documento separado donde declara un listado de relaciones económicas. Llama la atención los nombres de Vanguard, City Bank, Deustsche Bank, Rockefeller Access Fund, Disney, Warner Bros, etc https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/A56222F259495B0D85258C1A00565073/$FILE/Kennedy%2C%20Jr.%2C%20Robert%20F.%20%20AMENDED%20final278.pdf La trágica historia de Rosemary, la hermana de J.F. Kennedy a quien su padre mandó a lobotomizar https://x.com/tecn_preocupado/status/1299723370892857344 La CIA en la escuela de gobierno Kennedy de Harvard https://x.com/tecn_preocupado/status/1781965457458712761 Audiencia para considerar la nominación de Robert F. Kennedy, Jr., de California, como Secretario de Salud y Servicios Humanos https://www.finance.senate.gov/hearings/hearingto-consider-the-nomination-of-robert-f-kennedy-jr-of-california-to-be-secretary-of-health-and-human-services María Díaz de la Cebosa, el supuesto 'enlace' entre Luis Medina y el primo de Almeida, admite que les puso en contacto https://cadenaser.com/2022/05/09/declara-maria-diaz-de-la-cebosa-el-supuesto-enlace-entre-luis-medina-y-el-primo-del-almeida-en-el-caso-mascarillas/ El yate que compró el hijo de Naty Abascal con la comisión de las mascarillas para Madrid https://www.elindependiente.com/espana/2022/04/06/el-yate-que-compro-el-hijo-de-naty-abascal-con-la-comision-de-las-mascarillas-para-madrid/ "Caso mascarillas": el hijo de Naty Abascal y su exsocio, absueltos de estafar al Ayuntamiento de Madrid https://www.larazon.es/madrid/caso-mascarillas-hijo-naty-abascal-exsocio-absueltos-estafar-ayuntamiento-madrid_2025031967da93fc6e9585000103b2e5.html Diagrama falsa disidencia anti vacunas https://t.me/MiVidaMiOxigeno/13790 ………………………………………………………………………………………. Música utilizada en este podcast: Tema inicial Heros Epílogo El Último de la Fila - Lejos de las leyes de los hombres (Versión 2023) https://www.youtube.com/watch?v=_tkV4PmfJx4

Vanguardistas have more fun—so if you don't already subscribe to the podcast, join the Vanguard today via Apple Podcasts or extratakes.com for non-fruit-related devices. In return you'll get a whole extra Take 2 alongside Take 1 every week, with bonus reviews, more viewing recommendations from the Good Doctors and whole bonus episodes just for you. And if you're already a Vanguardista, we salute you.  Our guest this week is Harry Melling—all grown up after first hitting the big screen as Dudley Dursley in the Harry Potter films. He's here to chat about the latest in a hit parade of pleasingly weird and wonderful post-Potter projects, ‘Harvest'. This trippy period piece sees a mysterious feudal society in an unspecified place and time fall apart after crops fail and sinister strangers arrive. Simon unpacks this unique film with Harry—plus a bit of Potter chat since the HBO reboot has put the wizarding world back in the spotlight.   Mark reviews Harvest too—along with two more of this week's biggest cinema releases: ‘Friendship'--a black comedy about male bonding starring Paul Rudd as the new-best-pal-next-door, and ‘Smurfs'--the latest big-screen outing for the little blue fellas. If that didn't sound like a bit of Mark-bait already, it also stars James Corden. Odds on Kermode going full ‘Grouchy Smurf' on this one?   Plus we revisit the Salt Path controversy, including some of your excellent correspondence, run down the Box Office Top 10 and serve up sizeable portions of delectable daftness as always.     Timecodes (for Vanguardistas listening ad-free):  Friendship Review: 10:25  BO10: 18:16  Harry Melling Interview: 26:50  Harvest Review: 42:09  Smurfs Review: 56:18    You can contact the show by emailing correspondence@kermodeandmayo.com or you can find us on social media, @KermodeandMayo  Please take our survey and help shape the future of our show: https://www.kermodeandmayo.com/survey   EXCLUSIVE NordVPN Deal ➼ https://nordvpn.com/take Try it risk-free now with a 30-day money-back guarantee!  A Sony Music Entertainment production.      Find more great podcasts from Sony Music Entertainment at sonymusic.com/podcasts and follow us @sonypodcasts    To advertise on this show contact: podcastadsales@sonymusic.com  Learn more about your ad choices. Visit podcastchoices.com/adchoices

There is a curious bravery in staying quiet. A paradox of power in invisibility. In the theater of reform, those who script the act are rarely the ones who survive its performance. We have, on one side, the conceptual vanguard—architects of utopia, fluent in white paper and panel discussion. On the other, the vulgarian proletariat, kinetic and uncontainable, arriving late to the table and eating with their hands.This friction—between design and deployment, theory and practice—is not a glitch. It's the mechanism. Every grand vision must, at some point, leave the seminar and enter the field. But when it does, it meets the brutal truth: the field has other plans. The neighborhood doesn't care about narrative arcs. It wants breakfast.Well-meaning policy grads summon food into deserts. Corporations offer flagship mercy. And ten years later, the stores close. The organism rejects the transplant. What remains are fortified bodegas, Korean groceries, and Chinese takeout joints with bulletproof glass and a menu optimized for chaos. These aren't monuments to equity—they're survivors. They're not supposed to thrive. But they do. They've adapted to entropy. They know the experiment was never designed for them.In every revolution, there's the moment of handoff: from the builder to the user, from the whiteboard to the street. And invariably, the user does something unexpected, sometimes profane. This is not betrayal. It's entropy. The vanguard might compare it to the marshmallow test: delayed gratification as virtue. But if you've been hungry for generations, you eat the marshmallow. You eat the experimenter. You rob the lab. That's not dysfunction—it's survival in a system that forgets your name between fiscal quarters.And yet, the spectacle continues. The vanguard insists. The credits roll with their names in bold. They are the stage moms of progress, the self-narrating functionaries of justice. They believe their scripts are reality. But reality prefers improv. And the crowd throws tomatoes.Let's talk archetypes. The gray man. He walks unnoticed. He grins stupidly while clocking exits. He performs cowardice to de-escalate, but inside is the glint of steel. The gray man does not demand applause. He knows survival is the reward. He has no need to post. He does not brand his ethics. But he builds. Quietly. Permanently.This author has worn that costume. As a kid in Hawaii, survival meant disappearing. Smile. Duck. Wait. Sometimes the coward is a bear in a windbreaker. You don't want to find out the hard way.While the left has produced many performers, the right has trained technicians. The overturning of Roe was not street theater—it was actuarial vengeance, born in filing cabinets, whispered through internships, built brick by brick by people you'll never meet. The gray men won that war. And nobody noticed until the building was rubble.Compare that to the Wag the Dog moment—the director who insists on credit gets killed. The lesson is not metaphor. It is survival protocol. Stay out of the credits. Do the work. Disappear.Cities, too, are containment fields. They are rubber rooms. Creative people board buses to them seeking freedom and find curated confinement. The wildness is tolerated—celebrated, even—as long as it remains quarantined. The lab coats are monitoring your behavior. And if the experiment becomes self-aware, it's quietly euthanized.The airlock is a better metaphor. Many believe they've boarded the ship, that they're on mission. But they're still in the transitional chamber. They've been rubber-roomed. And most never leave. They perform revolution under observation, inside a room built by the very system they think they're dismantling.This is not a condemnation. It is a caution. Speak softly. Carry a data set. Build what outlasts applause.Because the sword that cleaves the world is not the one you see coming. And the ones who seek credit almost never survive the sequel.

Are you looking to seize control of your retirement funds and explore alternative investment avenues beyond traditional stocks? In this episode, Adam Bergman, a nine-time author, former tax and ERISA attorney, and founder of IRA Financial, shares how self-directed IRAs can empower you to invest in assets like real estate, crypto, gold, private businesses, and more. Learn the essential tax rules and strategies to cultivate your retirement growth. In this episode, we chat about… Introduction to Self-Directed IRAs: Explained what a self-directed IRA is and how it differs from traditional IRAs managed by custodians like Fidelity or Vanguard. Three Things You Can't Do with an IRA: Clear breakdown of IRS restrictions: no life insurance, no collectibles, and no self-dealing (IRC Section 4975(c)). What Triggers UBIT (Unrelated Business Income Tax): Covered the three scenarios that may trigger UBIT and outlined strategies to avoid or minimize it. Solo 401(k) vs. Self-Directed IRA: Compared the advantages of solo 401(k)s for the self-employed, including UBIT exemptions and higher contribution limits. Using an IRA LLC or "Checkbook IRA": Describe the structure, benefits of control, limited liability, and privacy offered by IRA LLCs. Real Estate and Crypto with a Self-Directed IRA: Detailed how self-directed IRAs can be used for real estate and crypto investments, including the role of non-recourse loans. Key Takeaways: Self-directed IRAs allow you to invest in a wide range of alternative assets, with only a few IRS restrictions. A qualified custodian is required to handle IRA funds and facilitate compliant investments. UBIT may apply to leveraged real estate or active business investments, but it can often be reduced or avoided with the right strategy. IRA LLCs with checkbook control offer more flexibility, privacy, and direct access to manage investments. Solo 401(k)s are ideal for self-employed individuals, offering higher contribution limits and exemptions from UBIT on leveraged real estate. Learning from credible sources and consulting professionals is essential to avoid costly mistakes in self-directed retirement planning   Resources from Adam      LinkedIn | IRA Financial  Resources from Mike and Nichole      Gateway Private Equity Group |  Nic's guide

After tracking the bounty for 3 days and a nasty fight with some dangerous gnolls the party finds their target but will he survive to make it back to the guild?*Disclaimer graphic combat descriptions.

#625: What do you do when you've reached financial independence? JL Collins says it depends entirely on your spending rate, not just your net worth. Collins joins us for part two of our conversation about what happens after you reach financial independence. He tackles the question of whether you should invest differently once you've "won the game." Someone with $5 million spending $100,000 per year sits in a completely different position than someone with the same amount spending $200,000 per year. The first person can afford to stay aggressive with stocks. The second person needs bonds to smooth the ride. Collins walks through his withdrawal strategy using his daughter as an example. She stepped away from corporate life in her early thirties and now follows an 80-20 stock/bond allocation. She pulls dividends from both funds into her checking account, covering about 2.5 percent of her target 4 percent withdrawal rate. Vanguard automatically sells shares to cover the remaining 1.5 percent. We cover Collins' thoughts on the 4 percent rule, which he calls extraordinarily conservative. He references Bill Bengen's research showing that 5 percent withdrawals succeed 86 percent of the time. Collins would take those odds to escape a soul-crushing job, especially since most financially independent people end up accidentally making money anyway. We discuss the tension between frugal habits that build wealth – and learning to spend money once you have it. Collins flies first class, but he drives a basic car. Collins explains why financially independent people often stay engaged with work — the problem was never work itself, but working without agency. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Intro (2:00) Investing when you've won the game (5:30) Spending rate versus total wealth (8:00) Three-year versus ten-year timelines (11:00) Adding bonds gradually or all at once (14:00) Why 4 percent is extraordinarily conservative (17:00) Soul crushing jobs and 5 percent risk (24:16) Withdrawal frequency and dividends (27:16) Automatic share sales setup (31:16) Starting business while financially independent (36:16) Accidentally making money after retirement (47:09) Agency versus having to work (50:09) Spending advice for frugal philanthropists (54:09) Charity auction magnifying effect Resources Mentioned: https://affordanything.com/377-how-i-discovered-the-4-percent-retirement-rule-with-bill-bengen/ https://affordanything.com/bill-bengen-created-the-4-rule-now-he-thinks-we-can-withdraw-more/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

The cryptocurrency industry is set to notch a major win this week if the House can pass two bills that would set up a long-lobbied-for regulatory framework for digital assets.~This Episode is Sponsored By Coinbase~ Buy $50 & Get $50 for getting started on Coinbase➜ https://bit.ly/CBARRON00:00 Intro00:14 Sponsor: Coinbase00:37 CPI01:08 Scott Bessent talks CPI02:13 Trueflation03:00 Mike Wilson: Tariffs will be 10%a shared tax04:10 Mike WIlson: The AI trend is bigger than macro05:40 Fear and greed06:20 Crypto Week07:30 Polymarket07:45 FedNow timing09:20 California Breakthrough Project10:00 Coinbase loans skyrocket10:35 BASE announcement11:20 Vanguard playing Catch up12:40 Historic ETH shorts = Massive Squeeze13:20 Outro#Crypto #Bitcoin #ethereum~Crypto Week Surge?

AJ Simmons honest opinion on cleaning franchises like Jani-King, Jan-Pro, Coverall, Vanguard, Clean 360, Openworks, etc.Join us in Clean Biz Network! https://www.cleanbiznetwork.app/Join this channel to get access to perks:   / @ajsimmonsonline  Schedule a 1 on 1 Consultation: https://calendly.com/ajsimmonsLet my lead generation company to set bid appointments for you! Click here https://www.cleanbizleads.comFollow: @AjSimmonsOnline on Instagram   / ajsimmonsonline  Need Business Insurance? Click this link https://nextinsurance.sjv.io/Ea23K9Need Business Credit? Apply at this linkhttps://americanexpress.com/en-us/ref...Thank you for watching, subscribing, liking, sharing, and commenting!!!!ChaptersView all

The Chief Investment Officer at Christian Brothers Services, Steve Sliwinski, offers a highly approachable yet technically sound guide to nonprofit investment strategy. With decades of financial experience and dual designations as CFA and CAIA, Steve breaks down how organizations—regardless of size—can begin managing and growing their financial assets responsibly.From policy benchmarking and committee structure to modern investment tools and trends like IP transfers and crypto, Steve's insights will help demystify what can often be an intimidating subject. This episode is a must-watch for boards, CFOs, and executive leaders seeking clarity on how to begin—or refine—their investment approach.The discussion begins with a history of Christian Brothers Services, which evolved from a cooperative model among Catholic schools into a nationwide provider of retirement, insurance, and investment services for thousands of institutions. This story serves as an example of scalable collaboration and strategic vision, offering NPO's a compelling model for shared resource management.Steve explains that waiting for a major windfall to begin investing is outdated thinking. “It's certainly not out of reach to create a well-diversified portfolio with under $100,000,” he shares, emphasizing that even small recurring contributions—like payroll-deducted retirement savings—can grow into substantial assets over time. The message: nonprofits don't need to be large to think long-term.Much of the conversation centers around the role of the investment committee. Steve offers a fresh take, stating that technical expertise isn't always necessary. What matters most is “a long-term orientation and strategic mindset.” Ideal committee size? Three to seven individuals with high-level focus, not necessarily financial professionals.The conversation, with host Julia Patrick, continues into policy development and investment alignment with mission. Steve discusses how ESG (environmental, social, governance) or values-based screening—once costly—is now affordable and feasible even for small organizations. He encourages nonprofits to create an investment policy document in partnership with a consultant or a platform like Vanguard or Fidelity to ensure thoughtful, repeatable decision-making. He stresses the importance of sticking with the strategy through market fluctuations: “Set the policy at the beginning, know why it exists, and abide by it—especially in difficult times.”Find us Live daily on YouTube!Find us Live daily on LinkedIn!Find us Live daily on X: @Nonprofit_ShowOur national co-hosts and amazing guests discuss management, money and missions of nonprofits! 12:30pm ET 11:30am CT 10:30am MT 9:30am PTSend us your ideas for Show Guests or Topics: HelpDesk@AmericanNonprofitAcademy.comVisit us on the web:The Nonprofit Show

Bitcoin traded above $120,000 to set a new record high on Monday as U.S. lawmakers gear up to potentially pass regulatory changes that could bolster institutional demand.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul00:00 Intro00:14 Sponsor: iTrust Capital00:34 Bitcoin All - Time High01:21 Anthony Pompliano: What's driving this rally03:18 Vanguard buys BTC03:40 CNBC: $130K soon?04:55 ETFs = retail interest05:35 Crypto week begins07:00 CNBC: Does crypto need FDIC?08:10 Crypto Market Cap ATH09:16 ETH shorts09:45 ETH treasuries10:10 CNBC: talks Tom Lee10:50 Tom Lee most bullish thing to happen to ETH11:33 Tariff updates12:45 Outro#Bitcoin #crypto #Ethereum~Crypto All-Time High Marketcap

Ce sont avec ces mots célèbres de Muhammadu Buhari que le Guardian rend un ultime hommage à l'ancien président, décédé hier, dimanche, à 82 ans. L'ex-chef d'État était « une figure centrale dans l'évolution militaire et démocratique du pays », juge le quotidien. D'abord soldat, chef de guerre, gouverneur militaire puis putschiste avant, vingt ans plus tard, de devenir président… Sa mort « annonce la fin d'un chapitre de l'histoire politique du Nigeria, » renchérit le Vanguard, un chapitre marqué « par la dualité de son service, d'abord en tant que chef d'État militaire entre 1984 et 1985, puis en tant que président démocratiquement élu, » entre 2015 et 2023. Et cette contradiction, selon le Sun, définit en réalité toute la vie de l'ancien chef d'État, « dont l'héritage est puissant bien que controversé. » Les uns, poursuit le quotidien, « saluent son intégrité, sa discipline et son dévouement à l'unité du Nigeria. » Les autres, au contraire, « dénoncent les difficultés économiques, les inquiétudes concernant les droits humains, et les promesses non tenues. »  Mais ce qui dérange surtout, selon le Guardian, c'est cette sévérité, sa « gouvernance rigide, et sa distance face aux levées de boucliers publiques, » pendant la crise « End SARS » (pour Special Anti-Robbery Squad, la brigade spéciale anti-braquage]contre les violences policières), en 2020. À lire aussiNigeria: la solidarité s'organise en ligne pour soutenir les manifestations Un président de plus en plus éloigné de la population Une distance illustrée par cette citation que reprend le Vanguard : « les jeunes nigérians veulent juste s'asseoir et ne rien faire. » Une remarque que la jeunesse a vue comme « minimisant leurs difficultés dans un climat économique difficile », rappelle le journal, et qui a « dévoilé la déconnexion générationnelle entre le pouvoir et la jeunesse, majoritaire », dans un pays où les deux tiers de la population a moins de 25 ans. En réalité, tance Le Monde Afrique, « son logiciel de pensée nationaliste semble usé, n'intégrant pas les aspirations » de jeunes Nigérians et Nigérianes que « Buhari ne parvient pas à comprendre, donc à satisfaire. » Autre facteur de division dans un pays aussi vaste qu'ethniquement riche, pour certains, l'ancien président est aussi coupable de « favoritisme envers les gens du Nord », dont il est lui-même originaire, écrit le Sun. Il faut dire, illustre le Monde, que l'ex-chef d'État avait pour habitude de confier « les postes les plus stratégiques, notamment sur le plan sécuritaire, à de vieux militaires originaires du nord. » Pour autant, depuis l'annonce de sa mort hier, de très nombreuses figures politiques du pays lui rendent hommage – car, conclut le Guardian, qu'il soit admiré ou détesté, « même ses opposants les plus durs l'admettent : [Muhammadu Buhari] a laissé une marque indélébile. » À lire aussiMuhammadu Buhari, ancien président du Nigeria, est mort à l'âge de 82 ans Un autre dirigeant du continent à la Une des journaux  Le président camerounais Paul Biya, qui a levé le suspense hier, en annonçant sa candidature à la présidentielle du mois d'octobre. Il n'y a pas vraiment de surprise, c'était plutôt, juge Wakat Séra, un « faux suspense » après plus de 42 ans au pouvoir : il tient « le haut du podium des doyens des chefs d'État en exercice dans le monde. » Après tout, ironise le journal, « il n'est âgé que de 92 ans ! » Le chef d'État a déclaré, sur le réseau social X, ‘répondre à l'appel du peuple camerounais.' D'autres candidats se sont, eux aussi, déclarés, mais « l'opposition peine à présenter un front uni, » souligne Jeune Afrique. Peut-être cette annonce présidentielle fera-t-elle office de moteur : elle « lance » en tout cas « la dernière ligne droite, » estime le magazine tandis que le Pays tient à « saluer le courage et la détermination de l'opposition qui mène un combat difficile, » face à un président qui donne l'impression d'avoir « fermé la porte et avalé la clé de l'alternance. » À lire aussiPrésidentielle au Cameroun: la certitude d'une candidature de Paul Biya fait divergence au sein du gouvernement

Don is joined by Mike DeJoseph from Vanguard to unpack the meaning and real-world impact of Advisor's Alpha—Vanguard's research showing how good financial advisors can add up to 3% annually in net value to client portfolios. They break down the origins of the concept (internally coined back in 2001), clarify what alpha actually means, and dig into where that added value comes from: behavioral coaching, tax-efficient strategies, lower costs, smarter withdrawal planning, and disciplined asset allocation. Mike emphasizes that unlike investment alpha, which is a zero-sum game, advisor alpha is a positive-sum benefit rooted in planning and emotional guidance. They challenge misleading marketing from high-fee brokers, expose the damage of poor advisor behavior, and highlight what separates a “good” advisor from a truly great one—namely, those who align clients' values with their money. The conversation ends with a forward look at AI's role in advice: not replacing advisors, but augmenting their ability to listen, guide, and support clients like financial therapists.  0:04 Don introduces rare guest: Mike DeJoseph of Vanguard 0:35 The origin of Vanguard's Advisor's Alpha paper 1:27 What is alpha? And what makes it positive for advisors 2:49 Advisor value beyond investment products 3:36 Explaining alpha in terms of benchmarks and behavior 5:05 Why investment alpha is rare, but advisor alpha isn't 6:25 Positive-sum vs. zero-sum advice outcomes 7:37 Misunderstanding the 3% alpha number 9:48 Behavior, taxes, and cost drag reduce investor returns 11:06 How advisors improve tax allocation and drawdown 11:55 3% does not include asset allocation or manager selection 12:06 Why active manager outperformance remains elusive 13:17 Vanguard's history with active management and costs 14:45 Active equity vs. active bond management 16:14 What makes an advisor “great,” not just good 17:39 Helping clients align money with values 18:27 Behavioral coaching during market downturns 21:07 Holistic financial advice vs. performance promises 21:47 Why 100% fiduciary advisors are rare—and how to spot one 22:45 Advisor compensation models: from commission to fees 24:06 Shocking stat: commissions down from 80% to 10% since 2010 25:16 How smart investors forced the industry to change 26:44 What a 3% fee does to advisor alpha 28:34 Overcharging kills word-of-mouth trust 29:43 What bad advisor behavior looks like 31:45 Vanguard's approach to advisor education and ethics 33:41 Where the industry goes next: better advice, better business 34:19 AI's role in improving advice, not replacing it 36:36 Tech that enhances human connection and insight 37:22 The future: more therapist, less product-seller 37:55 Final advice: if they talk about returns, walk away 38:44 Mike reflects on working with great advisors—and Vanguard's mission Learn more about your ad choices. Visit megaphone.fm/adchoices

Vanguardistas have more fun—so if you don't already subscribe to the podcast, join the Vanguard today via Apple Podcasts or extratakes.com for non-fruit-related devices. In return you'll get a whole extra Take 2 alongside Take 1 every week, with bonus reviews, more viewing recommendations from the Good Doctors and whole bonus episodes just for you. And if you're already a Vanguardista, we salute you.  The wonderful Mark Gatiss is our guest this week. He joins Simon and Mark to talk ‘Bookish'—his new crime comedy passion project that sees him play a bookseller-turned-detective in postwar London. Plenty of whimsy, history, detective-fiction geekery and big love for weird archaic vocabulary in this chat, so don't miss it—he's always a delight.   Our Mark reviews the series, as well as the week's big cinema releases. First up, ‘Modì, Three Days on the Wing of Madness'--a whirlwind imagining of three days in the life of bohemian artist Modigliani, directed by Johnny Depp and (briefly) featuring Al Pacino. And, of course, we'll get the lowdown on the super-size blockbuster of this week: is it a bird? Is it a plane? No, it's ‘Superman'!   We'll also address this week's ‘Salt Path' news, with Mark and Simon reacting to the controversy surrounding the author of the original memoir, Raynor Winn. Since recording, Winn has published her response to the allegations which can be found here: https://www.raynorwinn.co.uk/     Timecodes (for Vanguardistas listening ad-free):  Salt Path discussion: 02:36  Modì: Three Days on the Wing of Madness Review: 11:54  BO10: 18:04  Mark Gatiss Interview: 27:37  Bookish Review: 42:19  Superman Review: 49:59    You can contact the show by emailing correspondence@kermodeandmayo.com or you can find us on social media, @KermodeandMayo  Please take our survey and help shape the future of our show: https://www.kermodeandmayo.com/survey   EXCLUSIVE NordVPN Deal ➼ https://nordvpn.com/take Try it risk-free now with a 30-day money-back guarantee!  A Sony Music Entertainment production.      Find more great podcasts from Sony Music Entertainment at sonymusic.com/podcasts and follow us @sonypodcasts    To advertise on this show contact: podcastadsales@sonymusic.com  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Don and Tom kick off this episode by responding to a one-star Apple Podcast reviewer who promised to upgrade to five stars—if they correct their allegedly false Bitcoin claims. Challenge accepted. Don clarifies his earlier “nobody uses Bitcoin” remark by digging into the actual numbers: only 15,000 businesses worldwide accept it, out of over 359 million—roughly 0.0004%, making it statistically more rare than a lightning strike. They also break down the real costs of converting Bitcoin to dollars: while some exchanges charge under 1%, Bitcoin ATMs routinely charge 5–25% in fees, with total costs sometimes exceeding 30%. Then, a listener calls in with a ChatGPT-generated portfolio featuring VUG, VEA, SMH, and AXON. Don tears it apart for being tech-heavy, overly concentrated, and missing broad market exposure—ironically, even ChatGPT agrees with him. Listeners also get advice on why ETFs are gradually replacing mutual funds, when (if ever) annuities make sense, and why indexed annuities are the financial industry's version of timeshares: opaque, overpriced, and always sold, never bought. Despite the facts and the humor, Don doubts his five-star redemption is coming—but if Greg's Mowing and Septic accepts Bitcoin, there's still hope. 0:26 Don confronts repeat negative podcast reviewers 1:35 NavRep's public offer: “Correct your Bitcoin lies and I'll give 5 stars” 2:31 Bitcoin rebuttal: 15,000 businesses accept it—out of 359 million 5:13 Teaser: Bitcoin conversion fees part 2 coming up after the break 6:26 Don admits his imprecise “nobody accepts Bitcoin” claim 8:19 Clearing up the 8% Bitcoin conversion fee claim—context was ATMs 9:49 Bitcoin ATM fees average 17.5%, sometimes hit 30% 11:04 Exchange conversion under 1% is possible—but not for quick cash 13:10 Volatility and impracticality still make Bitcoin a poor currency 16:00 ChatGPT jokes: “Beer at a Baptist wedding” & “Greg the mower” 16:49 Caller Jason asks ChatGPT for a portfolio; Don and Tom cringe 17:46 ChatGPT suggested a tech-heavy, overly concentrated portfolio 20:40 Better suggestions: VT, AVGE, DFAW—not VUG/SMH/AXON 21:50 Don's GPT criticizes Jason's GPT: “No bonds, no value, no real estate” 23:43 Caller Scott nails TRM's philosophy and nearly retires Don 26:12 The rare “pros” of annuities—and their bigger downsides 28:24 Indexed annuities: regular income taxed as ordinary income 30:02 Betting against the house: how annuity math favors insurers 31:44 Caller Jane asks if ETFs are better than mutual funds 32:05 ETF settlement is faster, but that's not a reason to choose 33:30 Vanguard accounts support ETFs beyond their own funds 34:51 Updated: mutual funds now settle T+1, ETFs also T+1 36:26 Jane warned about National Life Group's indexed annuity pitch 37:07 Why Don hates indexed annuities: high fees, low returns, opaque structure 39:27 Still selling like hotcakes: $27B in indexed annuities sold Q1 2025 40:35 Wrap-up: annuities remain unethical despite legality and popularity Learn more about your ad choices. Visit megaphone.fm/adchoices

Many of you have been submitting thoughtful questions through our AI chat, particularly on fund selection, asset allocation, and broader investment strategy. It's encouraging to see this level of engagement with the core principles that shape long-term financial success.While the AI generally provides sound and efficient guidance, there are times when its responses lack the nuance or clarity that experience can bring. To provide deeper context and help you make more informed decisions, I've selected several recent questions to address—drawing from the AI's suggestions where appropriate and adding insights based on decades of research and practice.One brief correction from a recent update: I previously mentioned a resource for ETF investors in Canada, Europe, and the U.S., but misspoke on the name. The correct website is ETFAtlas.com. Jack, the developer behind it, is creating a valuable tool for globally minded investors. Your candid feedback—what's working well and what could be improved—will be essential as he continues building out the platform. Look for additional features to roll out in the months ahead.What Sound Investing Portfolio does Paul use and why? 3:02What funds should I use to set up a Roth IRA account for a 21-year-old? 13:06Do you think Vanguard funds will get lower returns than Avantis and DFA ETFs?  21:46Is there a table that represents using the S&P 500 and Aggregate U.S. Bond Index rather than your 3-fund bond portfolio?  26:51I am 45, hoping to retire by 55-60. Is 25% in bonds too little? 31:04Does it make sense to have non-taxable bonds in an IRA? 34:34Your quilt chart (1928-2024) shows a 2-fund portfolio with 50% each small cap value and large cap value. Isn't that too much in small cap value? 35:39How often should I rebalance?  38:09In your podcasts you talk a lot more about the 4-fund portfolios (WW and U.S.) than you do the all-value portfolios. The all-values have higher returns but you recommend them less often. Why? 40:19Are there conditions where the all-value portfolios will underperform the more balanced portfolios?  40:19. (Answer is integrated with previous question)I'm 57. How much should I have in bonds?  49:30

Rook and Ja'kier finally come down with a bit of a hangover, making their way to the starting area of the next trial they are given a bounty and told they need to find and bring this bounty back alive to pass. With only 6 days can they do it?

We're taping this podcast at the Morningstar Investment Conference, where we're delighted to be joined by Vanguard CEO Salim Ramji, who joined Vanguard just about a year ago. Prior to joining Vanguard, Salim was a senior leader at BlackRock, where his most recent position was as global head of iShares and index investing. Before that, he was a senior partner at McKinsey & Company. Salim started his career as a lawyer at Clifford Chance in London and Hong Kong.BackgroundBioVanguard Announces Appointment of Salim Ramji as New CEOA message From Salim RamjiTopicsVanguard Chooses an Outsider as Its New CEO, by Daniel Sotiroff, Morningstar.com, May 14, 2024.Vanguard's New CEO: The Story Everyone Is Missing, by Susan Dziubinski and Daniel Sotiroff, Morningstar.com, April 22, 2025.Ramji Discusses Vanguard at 50 With Wall Street Week, May 22, 2025.2025 Morningstar Investment Conference: How to Invest Today, Laura Lallos, Morningstar.com, June 27, 2025.Vanguard CEO on Outages, Expansion Plans and Culture, Bloomberg, Aug. 5, 2024.2025 MIC: Vanguard CEO Salim Ramji on AI, Fees, and the Future of the Firm, Hedge Fund Alpha, June 27, 2025.Vanguard Unveils Generative AI Client Summaries for Financial Advisors, Vanguard, May 5, 2025.Automated Investing With Digital AdvisorThe Best Robo-Advisors of 2025, Dan Culloton, Morningstar.com, May 2, 2025.How Vanguard plans to play disruptor again, by Brooke Masters, Financial Times, Feb. 11, 2025.Vanguard CEO Salim Ramji cools the jets on private assets, by Tania Mitra, Citywire, June 26, 2025.Vanguard CEO says its public-private efforts rooted in partnerships, not acquisitions, by Rob Kozlowski, Pensions & Investments, June 26, 2025.Vanguard sets sights on private markets (at the right price), by Lachlan Maddock, Investment Magazine, March 5, 2025.

DAMIONThe next phase of Starbucks' turnaround plan is offering executives up to $6 million in stock grants, as baristas scrap to get annual raises above 2%Starbucks will reward company executives with up to $6 million in stock grants should they effectively fulfill cost-saving and timely rollout goals of the company's “Back to Starbucks” turnaround strategy. Starbucks Workers United representatives dubbed the move “ridiculous and irresponsible” amid contract negotiations over barista wages.WHO DO YOU BLAME?Double boomerang CEO and founder Howard Schultz1987-2000; 2008-2017; 2022-2023CEO and Chair Brian Niccol and his $113 million golden hello packageThe company's work-from-home policy which allows its CEO to work remotely from his home in Newport Beach, California, while the company's headquarters are in Seattle, Washington. As part of his employment agreement, Starbucks pays for him to travel between his home and the Seattle headquarters on the company's private jet.Former failure Yahoo! CEO Marissa Mayer who was appointed as a director to Starbucks 4 days before the announcement of the new retention awards. Compensation Committee chair Ritch Allison: The guy passes every pay plan for whoever; is the former CEO of Domino's Pizza so is here to enrich executives; and owns $3M is SBUX stock so doesn't really care: someone should be responsible for a CEO pay ratio of 6666:1Agios Appoints Dr. Jay Backstrom to Board of DirectorsJay Backstrom appointed as Class III director as of July 8, 2025, 20 days after the company held an election to appoint two Class III directors.WHO DO YOU BLAME?The top 4 institutional investors (35% of voting power):Farallon Capital 10% Vanguard 10%BlackRock 9% BB Biotech 6%The company's childish bylaws which separate directors into three classes that are voted on every three yearsFormer CEO Jacqualyn Fouse (23%) who stuck around to serve as board chair after being CEO for only 3 yearsNominating Committee chair and Lead independent director Kaye FosterEmasculated CEO Brian GOff (15%) who presides over a board with a +7% gender influence gapAn anti-DEI investment firm postponed its Tesla ETF, saying Elon Musk has 'gone too far' by launching a political partyWHO DO YOU BLAME?Its BS mission statement: “Azoria is an investment firm with the mission of compounding capital for investors through a commitment to free thinking, excellence, and meritocracy.”Wouldn't that include Elon?James T. Fishback, Founder and CEO of Azoria, a free-thinking investment firm“We have an anti-American subculture that cancels the science fair in favor of drag queen story hour, forces colleges to spend more time teaching micro-aggressions than microbiology, and teaches kids in America that Cardi B is a role model and Thomas Jefferson is a racist.”“Fishback will become a major Gen Z star in our pro-American movement.” — Vivek Ramaswamy, 2024 Presidential Candidate.“dropped out of Georgetown University to establish a hedge fund at 21 years old”Azoria partner Sol Ehrlich:“For my last day at Spectra, it's important that I share just how much this opportunity has meant to me. In June of 2023, I was a 28 year old mediocre Euro League baseball player with no job prospects outside of coaching. My only qualification to work in finance was my work ethic, which Brent Donnelly recognized when he met with me over Zoom and saw the litany of Post-It tabs I used to annotate his book”“It's with great excitement that I'll be taking this skillset to Azoria as a partner and its Head Trader- an opportunity I couldn't have imagined 18 months ago.”While the internet was introduced to James Fishback's talents this year, I've been aware of them since 2009 when we competed against each other in high school debate. (His meme game was A+ even then- I still remember him closing a speech on U.S. sanctions with 4 Russian leader puns.)”Me. Because somehow I'm connected to Fishback on linkedin.Greenlight Capital, for making James angry:In a lawsuit: “Greenlight Capital says James Fishback is a liar. The 29-year-old hedge fund manager and former employee, contrary to his own proclamations, was never “head of macro” at Greenlight, never had any “authority or discretion” over investments, and certainly wasn't responsible for an “insane” $100 million in profits as a mere research analyst. In fact, his contributions were so not “insane” that the hedge fund was about to fire him before he chose to leave of his own accord.”Greenlight's alleged former head of macro is hoping to get at least $5 million from David Einhorn, claiming age discrimination"Mr. Einhorn dismissively told Mr. Fishback that his compensation was 'a lot of money for a kid,'" the filing states, and Fishback argues the comment "demonstrates that Defendants' decision about Mr. Fishback's compensation was driven largely by his age — a protected characteristic."Tech founders call on Sequoia Capital to denounce VC Shaun Maguire's Mamdani commentsMaguire, an outspoken supporter of President Trump, posted on X over the weekend that Democratic mayoral candidate Zohran Mamdani “comes from a culture that lies about everything.”WHO DO YOU BLAME?Shaun Maguire: “My whole life I've sought out people that I think are really talented but a little bit off the radar.”Shaun Maguire: “[E]ven more important to me is someone that's just irrationally motivated. For whatever reason, it's their life mission to try to revolutionize the industry they're going after.”Shaun Maguire: “Should I go public with the story about the time I was told I can't be promoted for being a white man? Fuck it, This happened at Google. That company is an absolute trash can dumspeter fire.”Sequoia Capital: for proudly endorsing some of its most insipid founders: Sam Altman, Elon Musk, Vlad Tenev (Robinhood, online betting on stocks), Keller Rinaudo (Zipline, autonomous delivery), Winston Weinberg (Harvey, AI for lawfirms), Brian Chesky (Airbnb, rent killer)MATTForward Air, after their AGM battle with Ancora, still hasn't released their 8K after a MONTH despite Ancora announcing it was a “landslide” directly afterWHO DO YOU BLAME for not releasing an 8k?Charles Anderson, Robert Edwards Jr, Michael Hodge who own roughly 25% of the voting power, even if FF data doesn't properly show them as having all the influence on the boardAncora, who just couldn't help but IMMEDIATELY put out a press release stating: “Absent the more than 30% of shares that were legally committed to vote for the incumbent Board, Chairman George Mayes, Jr., Javier Polit, and Laurie Tucker lost in a landslide, highlighting the substantial level of concern regarding the legitimacy of the Board's strategic review. We believe the resignations of these legacy directors will empower the Board to carry out a thorough assessment of value-maximizing opportunities.”Christine Gorjanc, chair of the audit committee, who was chair of the audit committee at Invitae from 2015 to 2024 when it declared bankruptcy despite getting her degree in accounting and a MS in “taxation”Michael L. Hance, chief counsel who also holds a masters in Divinity, who couldn't find the “submit” button on his iPhoneNo, Carnival Cruises is not banning rap musicCarnival Cruise Lines denied reports circulating online that DJs aren't playing hip-hop.The cruise line has responded to claims circulating online that DJs aren't including hip-hop music in their sets or honoring song requests, with some social media users saying the alleged move is racially motivated.WHO DO YOU BLAME for this malicious rumor?Carnival's ZERO BLACK leadership team, lead by Mickey Arison - they do have two Hispanic men, Enrique Miguez (General Counsel) and Gustavo Antorcha (President of Princess Cruises), but it's balanced out by the Scandinavian (Lars Ljoen, Chief Maritime Officer) and other Euro men (Felix Eichhorn, Paul Ludlow)Carnival's Board of Directors, which has 11 members and is 91% white, with one black woman, Nelda Connors. Nelda's background is in hydraulics and metals with a degree in mechanical engineering, so she's probably too “nerdy” for rap anywayChristine Duffy, the head of Carnival Cruises, whose prior role was President of the Cruise Lines International Association which put out a report in 2008 showing that 93% of cruise passengers were white, and in 2025 said that 1 in 4 passengers came from either Texas or Florida. Duffy grew up in Northwood Philadelphia, which in 1950 was three quarters white but by 2020 is 93% black.Thinking hip hop is “black music”DAMIONPeople are boycotting Etsy over ‘Alligator Alcatraz' merchCalls to boycott Etsy are growing since “Alligator Alcatraz” merch popped up on its marketplace. The term refers to the Trump administration's new migrant detention facility in the Florida Everglades.WHO DO YOU BLAME?The 48% influence duo: CEO Josh Silverman (25%) and longest-tenured director (2007): Board Chair and Nominating Committee chair Fred Wilson (23%)The -13% gender influence gap at a company where: “approximately 80% of Etsy's buyers and sellers are women.Leadership is 6 men and 2 women, one of who is CHROThe company's dumb classified board structureThis year's 3 directors: 24%, 28%, 22% againstTokens to Access Private Companies, or to Investor Trouble?Robinhood is the latest to offer investors a novel, and potentially risky, investment opportunity: crypto that's meant to give exposure to the likes of OpenAI.WHO DO YOU BLAME?CEO/founder/Chair Vladimir Tenev: 47% influence; 24% voting power Baiju Bhatt: 37% influence; 36% voting powerThe pesky Class B share: for being worth ten votes per shareThe non-democratic Founders' Voting Agreement: Our Co-Founders have agreed: “to vote all of their shares in favor of the election of each Co-Founder”Lead Independent Director Jonathan Rubinstein: for being the most pointless Lead Independent Director of all time: Lead Independent Director at Robinhood since 2021 and Lead Independent Director at Amazon.com from 2017-2023OpenAI Says It's Hired a Forensic Psychiatrist as Its Users Keep Sliding Into Mental Health Crises"We're developing ways to scientifically measure how ChatGPT's behavior might affect people emotionally."WHO DO YOU BLAME?Sam AltmanBret Taylor (Chair)Sam AltmanMatt: AI itself for being a jerk

Andy discusses the main ways in which investment custodians like Scwhab, Vanguard and Fidelity make money (even when you often don't outright directly pay them anything...)Links in this episode:Tenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

This week, our hosts⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠Dave Bittner⁠⁠, ⁠⁠⁠⁠⁠⁠⁠Joe Carrigan⁠⁠⁠⁠⁠⁠⁠, and ⁠⁠⁠⁠⁠⁠⁠Maria Varmazis⁠⁠⁠⁠⁠⁠⁠ (also host of the ⁠⁠⁠⁠⁠⁠⁠T-Minus⁠⁠⁠⁠⁠⁠⁠ Space Daily show) are back sharing the latest in social engineering scams, phishing schemes, and criminal exploits that are making headlines. We start with some follow up, as Joe shares with us a complaint he has with Vanguard. Maria's story is on McAfee's latest research revealing that one in five Americans has fallen for a travel scam—often losing hundreds of dollars—despite many trying to stay vigilant, as scammers use fake websites, AI-altered photos, and phishing links to exploit deal-seeking travelers. Joe's got two stories this week: the first one is from Rachel Tobac on LinkedIn, breaking down how attackers like Scattered Spider are using phone-based impersonation, fake domains, and social engineering to breach insurance companies, and the second is on Aflac confirming it was hit in a cyberattack believed to be part of a broader campaign targeting the insurance sector, likely tied to the same threat group. Dave's story is on brushing scams, a scheme the United States Postal Service is warning about, where scammers send unordered packages—often low-cost items—to people's addresses so they can fraudulently post fake “verified” reviews online using the recipient's name and address to boost product rankings. Our catch of the day is from the scams sub-Reddit, where someone shared text messages from a scammer asking for only a small favor. Complete our annual audience survey before August 31. Resources and links to stories: New McAfee Report Finds Young Adults Fall for Travel Scams More Often Than Older Generations Rachel Tobac LinkedIn Aflac Latest Insurer to Suffer Cyberattack and Data Breach Brushing Scam - Unexpected Package US Postal Inspection Service ⁠⁠⁠⁠⁠⁠⁠Have a Catch of the Day you'd like to share? Email it to us at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠hackinghumans@n2k.com⁠⁠⁠⁠⁠⁠⁠⁠⁠.

In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!---

On episode 419 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠ discuss recession hypotheticals, all-time highs in the stock market, the death of the permabear, international outperformance, a crashing dollar, the automatic investing revolution, yield magicians, fast food price inflation, AI vs financial advisors, the potential for a housing market correction and more! This episode is sponsored by Vanguard. Learn more at: www.vanguard.com/fixedincome. 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

On this week's podcast, we dive into my fascinating six-month journey with AI, exploring how tools like ChatGPT are revolutionizing access to information and informed guidance. Drawing inspiration from Seth Godin's insightful piece, "Education is Free, Learning is Expensive," we'll discuss why true learning demands commitment and effort, especially in today's information-rich world.I've discovered AI's power extends far beyond simple fact-checking. It's a game-changer for understanding diverse perspectives, even helping me tailor advice to different generations. My goal is to help you leverage this incredible tool to build a better financial future.We'll also gain some valuable perspective on investment returns, especially after the unique first half of the year. While six months isn't a long-term indicator, it's certainly given us plenty to discuss! Many are wondering if now's the time to jump into international equities, especially as they've shown unexpected strength.Understanding Diversification and Long-Term InvestingI'll share my philosophy on successful long-term investing as a buy-and-holder: identifying equity asset classes that offer a premium for risk and grow faster than inflation. We'll examine the "ultimate buy and hold portfolio," which strategically blends U.S. and international equities, and analyze its performance over the past six months, comparing it to other popular strategies from Vanguard and DFA.You'll be surprised to see how closely Avantis and DFA ETFs performed, despite some significant individual fund differences. We'll also delve into the fascinating relationship between the U.S. dollar's value and international equity performance. For a deeper dive, I highly recommend checking out this illuminating table from Brandes Investment Partners: https://www.brandes.com/insights/chart-of-the-week/us-dollar-and-international-equities-03312023. It clearly illustrates how the dollar's strength and weakness correlate with international returns, offering historical examples of how these trends ebb and flow. Chasing returns isn't the answer, but a diversified, buy-and-hold approach can significantly reduce volatility and smooth out your equity returns—a major advantage, especially for retirees.The Allure and Nuance of Long-Term ReturnsWe'll then shift our focus to long-term performance data, specifically looking at the last 15 years through June 2025. You might be surprised to learn how the S&P 500, growth stocks, and even Berkshire Hathaway have compounded over this period, and how these returns compare to historical averages and expectations. While U.S. growth has been a clear winner recently, we'll discuss why historical norms suggest a different long-term outcome for value and small-cap stocks.I'll also address the popular Total Market Index and offer a candid take on whether it truly outperforms the S&P 500 for those not seeking broader diversification. We'll explore why, in some cases, a simpler approach might be just as effective, or even more so.The Power of Information and Future ToolsFinally, I'll emphasize how today's access to free information from sources like Morningstar empowers you to conduct research that was unimaginable just decades ago. Plus, I'll give you a sneak peek at a new, exciting, and largely free tool coming soon from AtlasETF.com, which will allow you to easily test different portfolio strategies.Join me as we explore these crucial topics and continue to empower you on your journey to becoming a more successful long-term investor.What are your thoughts on using AI for financial planning? We'd love to hear from you!

In this episode we answer emails from Tracy, Mike and "Some Call Me" Tim.  We discuss the speculations and gambles of Forex, portfolio transitions, the Vanguard Market Neutral Fund and moving overseas.  And we have a mystery guest reader!Links:Father McKenna Center Donation Page:  Donate - Father McKenna CenterCatching Up To FI Website:  Financial Independence - Catching up to FIVMNFX Testfolio Comparative Analysis:  https://testfol.io/analysis?s=eFgblWT8SJOVMNFX Home Page:  VMNFX-Vanguard Market Neutral Fund Investor Shares | VanguardMorningstar VMNFX:  VMNFX – Vanguard Market Neutral Inv Fund Stock Price | MorningstarBreathless Unedited AI-Bot Summary:Navigating the complex world of personal finance often means confronting tough questions about investments we don't fully understand, partners who approach money differently, and life transitions that demand portfolio adjustments. This episode dives deep into three listener questions that illuminate these challenges.When Tracy's husband becomes deeply invested in forex trading despite a significant loss, she makes the bold decision to split their investment portfolios. This raises fascinating questions about marriage, money, and risk tolerance. Frank unpacks the reality of forex trading, explaining why it's neither an investment nor typically suitable for most individual investors. Drawing from his own trading experience in the 1990s, he distinguishes between disciplined speculation and outright gambling, offering clarity for anyone tempted by the allure of currency trading. As Tracy approaches her financial independence number, Frank provides thoughtful guidance on transitioning from an accumulation portfolio to a more conservative allocation while markets remain strong—wisdom applicable to anyone approaching their financial goals.The exploration continues with an analysis of Vanguard's Market Neutral Fund, revealing how even traditional investment companies offer alternative strategies that many investors overlook. While this long-short fund provides impressive diversification benefits, its lackluster returns highlight the trade-offs investors must consider when pursuing uncorrelated assets. For listeners curious about expanding beyond conventional index funds, this segment offers valuable perspective on evaluating alternative investments.Finally, for those contemplating international moves while managing US retirement accounts, Frank provides practical advice that cuts through confusion. By focusing on investment fundamentals rather than geographical considerations, he reminds us that solid financial principles transcend borders. Whether you're wrestling with a spouse's different investment philosophy, considering alternative assets, or planning an international life change, this episode delivers insights to help navigate your financial journey with confidence and clarity.Support the show

It's another mixed bag of your questions, taking everything from investing in offshore funds to evening up pension funds between spouses and lots more besides! Shownotes: https://meaningfulmoney.tv/QA19  00:57  Question 1 Hello Pete & Roger I am a regular listener to you show, love it and keep up the good work. My question is… I have a full 6 months emergency fund, I have no credit card debt or personal loans, I have a mortgage and I have just started investing 5% of my wages every time I get paid into the Vanguard all world tracker fund (keeping it simple) I have a new car every 4 years on PCP (so I basically lease it) as I always chop in for a new car and never pay the balloon payment at the end, this PCP is at 8%. I would like to hear your thoughts on weather investing is still okay to do along side this, the reason for having a new car is that I use it until the warranty expires and then change due to rising repair costs and hassle free motoring. I have brought older cars outright in the past and always ended up costing me more in repairs over the years. I am planning on leasing my cars for the permanent future so if I do not start investing now I will never have a chance to invest, and I do not see leasing at car as a loan as such, more of a permanent lease. Feel free to shorten my message to suit and excited to hear your thoughts, all the best. Adam 10:10  Question 2 Hello Pete and Rog! First of all, a huge thank you for all the valuable content you share – I really appreciate it! Keep up the fantastic work!  I had a quick question that's a bit technical (apologies in advance!), but I was wondering if you might be able to cover the topic of UK-registered funds when investing in a GIA on the podcast? I've heard that non-UK registered funds are taxed at the income tax rate rather than the capital gains tax rate. Is the best approach to check the ISIN against the list of UK-registered funds, even if the investment is made through a non-UK exchange (e.g., Amsterdam or Ireland)? Also, when a new client comes to you with non-UK registered funds, how do you typically address this issue? Thanks again for all that you do – really appreciate it!  Best, your #1 Fan! 14:00  Question 3 Hi Pete / Roger Thank you for your great work with your Q&As. Your cashflow ladder idea is great advice but when I look at graphs of cautious, balanced, growth funds they all go up and down at the same time. Over the last 10 yrs every time there has been a big market fall all the funds I looked at (at all risk levels) recovered with 32 months max. If 2-3 years cash is held on the 1st rung of the ladder why shouldn't I hold the rest in growth/agg funds? The cash rung will ride out the fall / recovery so I may as well put my money in a fund with the most growth potential? What am I missing? Stephen 19:57  Question 4 Hi Pete and Roger, Thanks for all you do. Your Podcasts and YouTube content has helped me get to retirement early. I have a number of investments in my Pension which are there to continue to grow hopefully over time. I have a well diversified portfolio mainly using trackers. I want to try to drop a particular individual investment from my portfolio that forms part of the Magnificent Seven, and is therefore part of a lot of the trackers I have. Unless I buy the FTSE Global index as individual shares can you see a way I cannot be in this one companies shares? Not sure there is an answer. Much appreciated, Chris 24:11  Question 5 Hello Love your podcast, I thought I was fairly clued up on pensions/finances but I have learnt so much more from your podcast. I recommend it to everyone! Especially my husband, who has so far failed to do so, he leaves the finances to me (which is probably why we are in this position as he has not addressed his pension). My question is: Our pension pots are very unequal, we're both 47.  I have 2 DB pots (combined are due to pay out circa 14k from age 65). I am also on track to have around 750k in a private pension by the time I am 57, and am planning to retire at this point.  My husband currently only has around 18k in a private pension, and is retraining as a teacher so he will only have a small DB pension not accessible until 68. He will therefore need to continue working for a few years after I retire.  I will need around a 2k a month in retirement, but I am thinking I can take up to £67k per year from my pension (so to remain in the 20% tax band). Use 24k for myself, and then we pay the remaining 43k into husbands private pension (or however much his earnings allow). If he is a higher rate tax payer by then, he would gain a 40% uplift on this or if not he will still get the 20% uplift back so we aren't losing out.  One of the main reasons for doing it would be to even the pensions out so that we can both withdraw tax efficiently in future, rather than me having to withdraw from my pension for both of us and so paying more tax. It seems like a no brainer but please let me know if I have missed something really obvious. Thanks in advance! Sarah 29:02  Question 6 Hello gents, If you pay a charity and claim gift aid within a given tax year, does that take your income down when calculating benefit calculations? E.g. if I earn £101k p/a and I give £2k to charity and (gift aid it), does that effectively bring my income below the £100k threshold for child government support like free childcare hours? Thanks, David

On this TCAF Tuesday, Josh Brown sits down with Joe Davis, Vanguard's Global Chief Economist and Global Head of the Investment Strategy Group to discuss Vanguard's 50th anniversary, Joe's new book, AI, megatrends, inflation, and more! Then at 48:48, hear an all-new episode of What Are Your Thoughts with ⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠ and ⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠ including a special appearance by IPO expert Aaron Dillon! This episode is sponsored by Public and Rocket Money. Fund your account in five minutes or less by visiting: https://public.com/WAYT⁠ Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Visit: https://rocketmoney.com/compound   Sign up for ⁠⁠⁠⁠The Compound Newsletter⁠⁠⁠⁠ and never miss out! Instagram: ⁠⁠⁠⁠https://instagram.com/thecompoundnews⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠https://twitter.com/thecompoundnews⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠https://www.linkedin.com/company/the-compound-media/⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠https://www.tiktok.com/@thecompoundnews⁠⁠⁠⁠ Public disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Alpha is an experimental AI tool powered by GPT-4. Its output may be inaccurate and is not investment advice. Public makes no guarantees about its accuracy or reliability—verify independently before use. *Rate as of 6/24/25. APY is variable and subject to change. 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 Josh Brown 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