Tag Archives: Investing

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Learn How To Allocate Your Assets To Meet Goals (Ep.83)



Do you know what to do when the markets are saturated?

A good idea is to reallocate your assets to protect your investment portfolio.

This week, John and Michael Parise go back to basics with a conversation on asset classes. They categorize them while explaining what to do with them, what to expect from them, and how to protect them.

John and Michael discuss:

  • How CDs work
  • What are the pros and cons of bonds
  • Stock investing and when you should buy into the market
  • Real estate as a wealth-producing asset
  • The truth about investing in gold, silver, and commodities to balance out stresses in the market
  • And more!

Resources:

Connect with John and Michael:

 




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Looking into Future Economic Trends (Ep. 82)



Right now interest rates and inflation are higher than most of us have ever seen.

The market is changing and in the next 18 to 24 month it will look different than the slow rise that we have been used to seeing in the past 12 years.

In this episode of The Truth About Wealth, John and Michael are joined by Christian Hyldahl, a financial professional at Varium Investments who has been in the financial business for 30 years, to discuss what the economic trends will look like in the next short future.

John, Michael, and Christian discuss:

  • Christian’s thoughts on who is to blame for inflation
  • Advice for retirees facing an inflated market
  • The influence that the fed has had on the market
  • What might happen in response to the inflated market
  • And more

Connect with Christian Hyldahl:

Connect with John and Michael:

 

 


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70. The State of Gold and Silver As An Asset Class With Andy Schectman



Precious metals are more of an obscure asset class, but there is huge value in owning these assets as part of your overall portfolio.

In this episode, John and Michael Parise are joined by Andy Schectman, CEO of Miles Franklin Precious Metal Investments. Andy lays out a brief history of the gold and silver industry, and it’s current state as an asset class before diving into three major events that happened throughout Andy’s career that will continue to shape the industry.

Andy discusses:

  • The background and state of the gold and silver industry
  • The six major mints in the world
  • Why gold and silver may be an important asset class to have in your portfolio
  • The three major events of Andy’s career that continue to shape the industry
  • And more

Connect with Andy Schectman:

Connect with John and Michael:

About Our Guest: 

Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.

 


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60. The Generational Impact Of The SECURE Act — Part One



A recent provision to the SECURE Act could have major implications on how qualified plans, including your IRA, 401(k) and 403(b), are inherited by your children. It’s important that you understand the ramifications of this provision in order to protect your wealth.

In this episode, John and Michael Parise discuss these new provisions of the SECURE Act. They reveal the problems you could face if you don’t prepare properly and the importance of taking future generations into consideration when you’re developing your plan.

John and Michael discuss:

  • What the SECURE Act is and how new provisions may impact your plan
  • How to recognize when you may have a problem with your plans—and how to fix it
  • How your children could be taxed if you don’t take the SECURE Act into account
  • And more!

Connect with Copper Beech:


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Episode 50 – How Future Generations Can Maintain Their Family’s 100-Year Vision – Part 2



Are you in your family’s second or third generation, and interested in learning how to carry on your family’s wealth?

In part two of this two part series, John and Michael Parise discuss different considerations second and third generations must have when handling their family’s wealth, highlighting the importance of effective communication and data organization. 

In this episode, you will learn:

  • The role of the second generation in passing down family wealth 
  • Legacy letters and mission statements as generational roadmaps 
  • How culture shift impacts generational wealth  
  • How having a “beginner’s mind” can help when building a family’s future 
  • Easy ways to involve later generations in the family’s wealth 
  • And more!

Listen today to find out the role of the second and third generations when handling and passing down family revenue!

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise | Creating and Building a 100-Year Family Vision (Part One)

 


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Episode 49 – Creating and Building a 100-Year Family Vision – Part 1



There’s no greater satisfaction than knowing and seeing that the wealth you built is passing down through the generations correctly.

Would you agree?

In part one of this two-part mini-series, John and Michael Parise explain everything you need to know about correctly handling multigenerational wealth. They highlight the importance of being aligned on the family financial strategy, no matter what generation you are.

In this episode, you will learn:

  • John’s take on what the “shirtsleeves to shirtsleeves in three generations” proverb means
  • How generations one, two, and three have taken care of family wealth historically 
  • John and Michael’s insight on generational leadership
  • The importance of being responsible with your wealth
  • And more!

Tune in to find out how family values, adaptation, and communication can influence the establishment of a multigenerational wealth vision! 

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise | Thomas J. Stanley’s The Millionaire Next Door | James Grubman’s Strangers In Paradise


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Episode 48 – A Trip Around Italy Examining Wine – With Guest Tim O’Rourke



On this leg of our Wine Adventure, we take a look at the Italian region! 

In this episode, John and Michael Parise sit down with Tim O’Rourke to identify the wines that come out of Italy, what sets these wines apart from the rest and how you can choose an Italian wine that pairs with your meal.  

In this episode, you will learn:

  • What wines come out of the different regions of Italy 
  • How you can find quality wines for quality prices 
  • Tools that you can use to find the wine you are looking for 
  • What you can do to find your wine preference  
  • What Italian wines pair with what meals
  • And more!

Tune in now to add some information to your knowledge on wine and how you can find one that suits you! 

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise 


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Episode 47 – A Deep Dive into The French Wine Industry – With Guest Tim O’Rourke



France is one of the world’s largest producers of wine, and is the source of many grape varieties such as Cabernet Sauvignon, Chardonnay, Sauvignon blanc, and Pinot noir. 

In this episode, John and Michael Parise sit down with wine investor Tim O’Rourke to examine what sets France apart as a producer of wine and how wine can be a multi-generational business, as well as tips for wine collecting and storage. 

In this episode, you will learn:

  • How and where Cabernet Sauvignon was initially created 
  • Why winemaking is a “freelance” creation that depends on the winemaker 
  • Tim’s take on what determines the cost of wine bottles 
  • Winemaking as a multi-generational business
  • The importance of being “temperature consistent” when storing wines 
  • And more!

From France to the rest of the world, tune in to find out everything you need to know about the evolution of French wine and champagne! 

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise 


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Episode 46 – Measuring Risk In A Family Wealth Plan



To what extent have you involved and taught your family about risk calculation? 

In this episode, John and Michael Parise explain the importance of communicating and involving your family in wealth plan risk calculation. They highlight the different risks you and your family should ALWAYS consider when it comes to generational wealth planning. 

In this episode, you will learn:

  • Must-have tax considerations when stepping out of the market 
  • How emotions can impact the amount of risk an individual is willing to take on
  • How Copper Beech Financial Group prepares clients for potential business risk 
  • The importance of communication when it comes to assessing family risk
  • And more!

Tune in as John and Michael dive deep into family risk assessment while explaining that the more you can preserve in taxes – the more your account value will grow! 

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise 


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Episode 45 – The Financial and Emotional Components of Legacy Letters



In many cases, legacy letters are the main vessel for transferring financial assets down the generational line. 

In this episode, John and Michael Parise explain the importance of elaborating and involving your family in legacy letters, and highlight the different considerations you should have when you’re prepared to craft your own.  

In this episode, you will learn:

  • John’s take on using legacy letters as a way to be remembered 
  • The difference between the communicational and emotional sides of legacy letters 
  • The difference between a mission statement and a legacy letter   
  • Tips for using legacy letters as tools to involve grandchildren 
  • The role of language in defining a trustee’s authority level 
  • And more!

Listen in as John and Michael define legacy letters as tools to communicate your wishes to future generations!  

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael PariseFamily Trusts Book