Episode 370

  • Advisor Thursday

  • Sharing stories about clients mistakes

    • helping investors learn from other investors mistakes

    • tax penalties

  • Time value of money in terms of planning and what affect tax has on it long term

  • Process before progress!

July 25, 2019

Episode 369

July 23, 2019

Episode 368

July 17, 2019

Episode 367

  • Knowing what you own and why you own it is the key to success

  • This takes away the emotional bias of the investor

  • What is the difference between a suitability advisor and a fiduciary?

    • fiduciary: acting on behalf of someone else

      • is more than just an advisor

      • your interest must be put above theirs

    • broker world vs the fiduciary advisor world

      • one makes money selling products and one takes fees

    • dual registered advisors can recommend fee product or commission product

  • Trust comes with transparency and clarity

    • which then can lead to confidence in the process

July 11, 2019

Episode 366

Investor Sentiment

  • Financial crisis and ups and downs can happen at any time

  • Short term thinkers and gamblers are why the market goes up and down

  • Pullbacks are normal and the market can become overdue!

  • AAII.com

    • sentiment survey

      • bullish, bearish, neutral

    • great resource for do it your selfers

  • People are not euphoric in this market

    • things will continue to sneak higher with more cash on the side

  • What is the primary factor for why you choose a mutual fund or an ETF?

    • survey response:

      • 24% historical performance

      • 23% performance compared to an index

      • 21% fees and expenses

  • You pay more when you see the value!

  • In the absence of value thus becomes price

July 10, 2019

Episode 365

  • Best economic expansion in 10 years

    • longest economic expansion

    • the longest bull market on record in LENGTH not by total percentage of return

    1. energy independent

    2. technology continues to advance while investors are becoming smarter

    3. the dollar is in a great spot

    4. seeing expansions

  • How familiar are you with the holdings in your portfolio

  • There is a correlation between knowing what you own and why you know it AND your ability to stick to a process

July 9, 2019

Episode 364

July 2, 2019

Episode 363

  • Talking the clarity roadmap

  • Many advisors don’t know how to show the value they are providing in a quantitative way

  • Are you paying other peoples taxes and you’re not even realizing it?

  • Are your investments pooled?

    • mutual funds, ETF, etc

    • fund owns a lot of different positions, but you as an investor don’t own them directly

  • This causes a lack of flexibility and transparency

June 27, 2019

Episode 362

  • Active vs passive investing

  • Investopedia definitions

    • passive: when a fund manager tries to mimic a fund

    • active” tend to have “gig fews” and recent research has questioned their ability to outperform the market

      • an extremely skewed definition

  • Can you put a value on the “fees” you pay

  • Nepsis doesn’t use benchmarks or publish returns

  • Don’t buy historical returns

    • do you know how returns were achieved

    • Do you know how much risk?

  • Benchmarks

    • if you don’t know how a benchmark is structured you should not compare apples to orange

  • Investors are focused on the cheapest option

  • Parabolic move:

    • stock prices go through the roof

  • Many investors don’t do as well as they could

    • investors doing the best they can has nothing to do with returns

June 26, 2019

Episode 361

June 25, 2019

Episode 360

Talking new tax laws

  • Traditional IRA

    • allows you to save money for retirement

    • reduces taxable income

    • grows tax deferred

      • BUT the taxes are still there when you want the money

    • NOT tax free - directly

    • to manage how much income they are taking from their IRA they take it bit by bit to minimize cost

  • Inherited IRAs do not have bankruptcy exceptions

  • Beneficiaries in a trust are based on how the trust allocates the IRA


  • Taxed extremely quick

  • Easy to reach the top tax bracket

  • Leaving your IRA over to a trust can really backfire

Roth IRA

  • Money goes in and gets taxed right away, then grows tax free

  • Rather conversions can be a tool

Having an advisor is a critical component to understanding everything that is going on

June 20, 2019

Episode 359

June 18, 2019

Episode 358

  • Chuck Etzweiler on Radio

  • Talking interest rates

  • Significant pull back in the last quarter of 2018 that affected interest rates

  • All time high (3.23%) in october

    • went to 2.13%

    • looking at change in percentage that is insane

  • How does a bond appreciate?

    • it is like a teeter tatter

      • bond values go up and down based on the present of the bond

      • adjustments of the value of the bond are affected when it comes to interest rates in order to be competitive

  • Have to be VERY careful buying bonds right now

    • pretty risky buying bonds right now

  • Bonds can be more risky AND more volatile than stocks!

  • Strategies are changing to tend to peoples investing needs

  • What is the risk to someone if they own a bond that has a negative yield?

    • you’re buying a bond and you’re lending money, you’re actually going to get LESS back then you started with.

    • you’re paying someone for the bond

June 12, 2019

Episode 357

  • The market has been a rollercoaster the last few weeks!

  • Which we love, volatility is a strategy!

  • Strategic Cost Averaging

    • the power of know what you own and why you own it.

  • Gives you better direction and better clarity in the decisions you make to invest

  • You do not invest in the stock market you invest in businesses

Going over the history of Nepsis, Inc.

Going over the LOI; what it means for Nepsis, Ecoark and Zest 

  • We believe in diversification not over diversification, we believe in asset management, we believe in not one position makes or breaks your portfolio

  • Talking ecoark and Trend

  • The more you understand why you own specific businesses allows you the clarity to invest long term in quality companies

June 11, 2019

Episode 356

May 28, 2019

Episode 355

May 27, 2019

Episode 354

May 23, 2019

Episode 353

  • China trade war

  • Piggy backing off of Chucks discussion

  • Lots of cash still sitting on the sidelines

  • Time to get back to the basics!

    • buy and sell discipline

  • Am i on track for the financial future I want and are my investments doing the best they can

  • Being a long term investor in businesses allows us to buy companies on sale

  • Talking about the R's

    • Renters, risk, reliable and return benchmarks 

    • portfolio holdings vs renters

      • Wallstreet prefers renters for more profit. more expensive to rent than to own 

    • price swings vs risk

      • volatility creates the opportunity to invest in businesses on sale

    • predictions vs reliable

      • wall street wants to keep you worried and paying attention to the ups and downs of the market

    • return benchmarks vs asset allocation

      • the benchmark should be am i on track to have the future i want

  • How much money should you be saving? what is your risk tolerance

  • Owners, opportunistic, own terms

The 4 O’s:

  1. View being an investor as being an owner

  2. When there is volatility; the investor views that as opportunity

  3. Onerous; 

  4. Own terms: investors view their performance for their won terms they eliminate the need to compare

May 22, 2019

Episode 352

May 21, 2019

Episode 351

May 14, 2019