We've said that trying to predict markets is a dangerous game to play, so now that the country begins to open up - how do we answer the frequently asked question of what the market will do over the coming months? We typically start our response by revisiting why our clients are invested in the public markets in the first place. The answer should not be to try to make a significant return within the short-term - 12 or 18 months - but is most often the goal of generating wealth over the long-term.As humans, we tend to shy away from uncertainty and instead have a tendency to lean toward people who confidently declare certainty about what will happen in the future. That's why it can be easy to find "experts" who claim they've figured it out or try to predict what will happen in the immediate future. However, the data repeatedly shows that this is a fool's game. The reality is that no one has a crystal ball on what the market will do through the rest of the year.In this episode, Brandon and Erik discuss this idea and cover:The characteristics of a long-term investor vs a day-to-day market timerSome of the core principles to help make sure to capture the long-term market potential returnsThe importance of a globally diversified portfolioWhat the backbone of most plans should typically be based around

Athlete CEO

AWM Insights: Characteristics of a Long-Term Investor

Welcome to season 2 of the Athlete CEO podcast! In this episode, we hear from Randy Newsom of X10 Capital who discusses the idea of betting on yourself in your sports career. Prior to X10, Randy was an associate in the Sports Litigation practice of Weil, Gotshal & Manges LLP. Before pursuing law, Randy had a 7-year career in the Red Sox, Indians, and Pirates organizations. We're thrilled to have Randy join us to kick off season 2 of the Athlete CEO podcast, and share some advice on navigating the business of professional baseball. 

Athlete CEO 027: Randy Newsom - Betting on Yourself

In recent weeks, we've seen a lot about how the stock market seems to be rallying, but the economy is doing poorly. As a result, we've received a lot of questions about how there can be a disconnect between those two entities. When the stock market is mentioned, many refer to the S&P 500, which only makes up only 44% of the U.S. economy. Whereas, when we discuss the actual economy, it encompasses all goods and services being produced.  In this week's episode, Brandon and Erik discuss:A definition of both the stock market and the economyThe information available about each oneWhat - if any - information can be utilized between one to inform decisions about the otherThe distinctions between the two including how one can be doing well while the other suffers

AWM Insights 11: Stock Market vs Economy

Much of the initial emotion toward fluctuating markets has softened and our clients have begun asking great questions like "Should I invest in oil? Or real estate?" which we have been addressing the past few weeks in our Insights podcasts. This week, we wanted to focus our attention on some of the ways we do like to think about taking concentrated risks - specifically in the private markets. We've continually said that we believe in the public markets. However, for some of our clients who have solved for safety through a diverse investment in the public market, we begin recommending looking into private markets, which often may provide over sized returns, but carry much more risk. In this episode, Brandon and Erik dive into this idea and cover topics like: -Are there ways to take advantage of the fluctuating markets we've seen in recent months? -When would be a good time to start a conversation with my financial professional about investing in the private markets? -Why do some get over sized returns in private markets? -How important is it to invest with someone who has had experience in these up and down markets? -What resources are there where I can learn more on venture capital investing?

AWM Insights #10: Private Market Investing Like a Pro

While many states in the U.S. are beginning to relax social distancing practices, the future is still uncertain with some still wondering if there will continue to be drastic market fluctuations. This has sparked many to wonder whether they should stay in the markets at all in the face of potentially more downturns? Why not just return to the markets once they begin to normalize again? While market fluctuations can certainly be unsettling, trying to jump out of the markets before a potential downturn and then get back in when the markets have normalized has many issues - namely that there is no guarantee that the speculations will end up as predicted. Taking the most recent example, in March we experienced the fastest bear market in history with stocks falling more than 30%. Later that same month, we experienced the largest three-day surge in the Dow Jones Industrial Average since 1931 followed by the best monthly performance in April for the Dow Jones and S&P 500 since 1987. Had you jumped out of the market at the outset of the downturn, you may have missed out on the potential market recovery that occurred directly after. In this week's episode, Brandon & Erik discuss these questions and give some insight on a better approach that focuses more on long-term wealth creation rather than short-term gains.

AWM Insights #9: Should I Stay In or Jump Out of the Markets During Uncertain Times?

Real estate is a topic that a lot of people have interest in - often from being home owners themselves. There is wide exposure to the idea of investing through real estate in tv shows, books, webinars and more. One question we've been frequently asked by our clients is if this current time is providing a unique opportunity to invest in real estate in the midst of market uncertainty. The ultimate answer is it mostly depends on your situation - we are massive supporters of real estate, but only within the right context and the right plan. More often than not, the devil is in the details. Our clients receive numerous real estate pitches, but you have to understand all the details of the deal to accurately determine if it makes sense for you without an emotional attachment to the vision of the project. In this episode, Brandon and Erik look at what it takes to approach investing in real estate like a pro, and address some of the most frequent topics and questions we receive including: What are the best ways to approach real estate without an emotional attachment to investment decisions? What are the most beneficial sectors of real estate when considering investments? Should I think of my home as an investment? Is flipping homes a viable option? What cautions people should take when entering this area of investing Public vs private sector real estate investing How to have a conversation with your advisor to explore if this is a viable and wise investment within the context of your risk tolerance and portfolio diversity Listen at the link below, and if you'd like to hear more about the template we've created on how we analyze real estate investments - please feel free to reach out to us.

AWM Insights #8: Should I Invest in Real Estate?

Real estate is a topic that a lot of people have interest in - often from being home owners themselves. There is wide exposure to the idea of investing through real estate in tv shows, books, webinars and more. One question we've been frequently asked by our clients is if this current time is providing a unique opportunity to invest in real estate in the midst of market uncertainty. The ultimate answer is it mostly depends on your situation - we are massive supporters of real estate, but only within the right context and the right plan. More often than not, the devil is in the details. Our clients receive numerous real estate pitches, but you have to understand all the details of the deal to accurately determine if it makes sense for you without an emotional attachment to the vision of the project. In this episode, Brandon and Erik look at what it takes to approach investing in real estate like a pro, and address some of the most frequent topics and questions we receive including: What are the best ways to approach real estate without an emotional attachment to investment decisions? What are the most beneficial sectors of real estate when considering investments? Should I think of my home as an investment? Is flipping homes a viable option? What cautions people should take when entering this area of investing Public vs private sector real estate investing How to have a conversation with your advisor to explore if this is a viable and wise investment within the context of your risk tolerance and portfolio diversity Listen at the link below, and if you'd like to hear more about the template we've created on how we analyze real estate investments - please feel free to reach out to us.

After another week of wild financial markets, we saw another historic first yesterday where the price of oil actually went negative. Does this mean you should run out to your local gas station and have them pay you to store gas? Well, no - but it does drive home an important point: You can't predict the future. At the end of the day, trying to outguess the public markets is a great sales pitch but in reality is just not in the best interest of clients. So should this new development in oil markets make you change up your overall investment strategy? Listen to this week's episode for Erik and Brandon's commentary on this event and their thoughts on the following questions that we've received over the last few days: What impact does this oil price dip have on me as an investor? Is now the time to invest in oil? Is there a way to time public markets like oil to capitalize on dips like the one we're seeing now? What are some approaches to consider when making a concentrated risk? Why making informed decisions in the private markets might be your best bet 

AWM Insights #7: Should I Invest in Oil?

In a time where it can feel like a lot of things are out of our control, there are still some things you can do that add tremendous value to your portfolio. Last week, we discussed one of the methods - tax-loss harvesting - and we'll continue this week by looking at asset location. At its core, asset location is essentially a method of managing multiple accounts as one single portfolio. Research has shown with this practice that you can add .5% to .85% to your after-tax return, which over a 30 year period can be up to an additional 15% after-tax return. Some investments in your portfolio - like bonds - pay you interest. If this is held in a taxable account, it will be taxed annually at a fairly high rate depending on your tax bracket. This ultimately hurts your take home return, so we utilize asset location to ensure those assets are not taxed annually and instead other assets likes stocks are the ones held in your taxable accounts. This is a highly-specialized tactic that gets the most mileage from being utilized with our clients that are in the highest tax bracket with high levels of complexity. Listen for more details and answers to questions including: What is asset location? How does asset location work? How can this practice save money over the long-term? Who most benefits from this practice? How can I tell if my portfolio is utilizing asset location? 

AWM Insights #6: What is Asset Location?

On this week’s episode, we’re honored to be joined by Todd Seigler, father of Anthony Seigler – first round draft pick with the New York Yankees. We get to hear from Todd on what the draft process was like from the perspective of family members and in working through these areas together as a family. As a parent going through the draft process, it can feel like everybody is painting a rosy picture about how perfect your son’s game is – it can be hard to sift through all the feedback using data to separate out sales pitch from reality. There are also challenges in setting good boundaries to maintain family bonds, and help to make intentional decisions about the long-term future that don’t rely solely on emotions or chasing shiny things. Todd offers a lot of helpful insight into this process and throughout the episode, he covers topics such as: Going through the draft process from scouting during senior year season to draft day The potential of getting distracted by the wrong things that can seem like really good things How to have good family conversations to set healthy boundaries The importance of staying faithful and committed to your routines Avoiding “Draft intoxication” How they handled choosing the right people in their inner circle What draft day was like for family What the transition to pro has been like Looking back, what things he wishes he would have known going through the process as a parent Available wherever you podcast or above.

MLB Draft Podcast Ep. 10: Advice from a 1st Round Parent

The last month has been a wild ride in the financial markets. At one point, we were down 34% and then all the sudden we have seen a quick rebound where - as of today (April 7) - the S&P is up 24.7% from its 52 week low that had been set on March 23rd.  As we mentioned last week, what can happen during these times of flux is that people can tend to rely on asking important questions to the wrong people about what to do with their money. We have seen issues where people have put their trust in experience ("I have lived through this before") rather than expertise ("I'm educated, certified, and experienced in this issue"). In today's episode, we highlight another tactic that can prove beneficial for some called Tax-Loss Harvesting. Topics covered include: The importance of expertise over experience What is tax-loss harvesting, and what should I know about it? The two main benefits of tax-loss harvesting When does tax-loss harvesting matter? Who should be benefiting from this practice? Are there times you should not employ this tactic? Is it helpful to have multiple investment advisors? Other strategies that can be utilized during this time 

AWM Insights #5: What is Tax-Loss Harvesting?

On this week’s episode, Erik and Travis talk with Adley Rutschman, catcher for the Baltimore Orioles. Adley was selected by the Orioles as the first overall selection in the 2019 Major League Baseball draft with the highest signing bonus in baseball history. He joins us this week to discuss his time playing in college for Oregon State University, going into the MLB draft last year and making the transition from amateur to pro. Adley covers a wealth of topics in this episode including: How to handle public pressures of being a highly ranked athlete The important things to look at when choosing an agent Utilizing time in college to hone in and build up skills The mental development and other key contrasts that accompanies going from college to pro Walking through what draft meetings with scouts were like including some of the most unique questions he got Sharing how he maintained good family dynamics despite the high stress level the comes with the draft What it was like on draft day Mentally preparing for the back and forth of salary negotiations Advice for players and their families as they’re about to enter the draft​ Available wherever you podcast or above.

MLB Draft Podcast Ep. 9: Adley Rutschman On Going Amateur to Pro

The financial market upheaval that has accompanied the COVID-19 epidemic has been a teachable moment for investors. The S&P had been down 34% and investors wondered if it would ever stop falling. People were asking if they should take their money out of the markets - another form of trying to time it. Then, in 3 days, the market bounced back 17%, which was the biggest 3-day gain since 1931. As of March 31st, markets have reclaimed nearly 50% of the decline that happened.  So then, can we confidently claim that this is the bottom? Does it even matter if we can know or not? There are plenty of voices online and in the media who are ready to tell you who to buy and who to sell, but the questions you should be asking are: Who should we trust with our financial advice? Who is actually qualified to give that advice?  Listen to this week's episode to hear Erik and Brandon discuss these topics and more.

AWM Insights #4: Is This the Bottom?

This week, Travis and Erik interview Bobby Stroupe, founder and president of Athlete Performance Enhancement Center (APEC). Bobby and his team started APEC in 2005 and it has grown over the years to become one of the most trusted sources for athletic performance improvement including accolades from and work with Nike. Bobby and APEC have trained some of the best athletes in the world including NFL MVP and Super Bowl champion Patrick Mahomes. There is a lot of uncertainty for athletes in all sports currently as seasons are indefinitely suspended and training facilities can be inaccessible for many. Are there ways you should be utilizing this downtime to stay on top of your game – despite some potential difficulty in accessing facilities? In this episode, Bobby, Erik and Travis talk through this question and address other topics like: • The importance of structure and consistency • Ways to focus on joint mobility and structural flexibility • Being creative even with limited access to workout facilities • The difference between success and results • How to find a good performance coach including questions to ask and specializations to look for • Resources to learn more on this topic Available to listen wherever you podcast and above.

MLB Draft Podcast Ep. 8: Bobby Stroupe on Utilizing Downtime to Stay On Your Game

Athlete CEO brings you real success stories and insights from startup founders to world class investors, digital media experts to athletes, about how to build a successful business, become an attractive investor, and leverage your success to make an impact. Whether you are a professional athlete wanting to carry your success into the business world or the entrepreneur trying to break through the next ceiling, we dig deep to find the tools, tactics, and tricks that you can use to reach the level of success you want to achieve.

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