Tag: The Truth About Wealth

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Market Outlook: Investing In 2023 with Christian Hyldahl, CFA® (Ep. 98)

Market Outlook: Investing In 2023 with Christian Hyldahl, CFA® (Ep. 98)

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Many investors have cold feet and want to pull out of the market for 2023, but sometimes the best option is to take a deep breath, put your emotions aside, and wait a little longer.

In this episode, John and Michael Parise talk to Christian Hyldahl from Varium Investment Partners about investing in 2023. Christian shares his approach to investing, what he believes 2023 has to offer, and some advice for nervous investors who want to pull their money out of the market completely.

Christian discusses:

  • The 2023 market outlook
  • A comparison of active and passive portfolio management 
  • What’s a cover call strategy and its benefits if done properly
  • His advice for nervous investors and reasons to stay invested
  • And more!

Resources:

Connect with Christian Hyldahl:

Connect with John and Michael Parise:

About Our Guest: 

Christian Hyldahl, CFA®, is the founder and president of Varium Investment Partners. He has 27 years of portfolio management, investment strategy, and research experience across multiple investment styles and products under his belt. Christian is consistently a top portfolio manager in multiple equity categories. Christian is a chartered financial analyst and obtained his master’s of business administration from the Fuqua School of Business, Duke University. Before that, he attended the London School of Economics for their specialized program in international economics and asset management and obtained his Bachelor of Arts in English and History from Bucknell University.

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Investing In Oil And Gas with Don Hosmer (Ep. 97)

Investing In Oil And Gas with Don Hosmer (Ep. 97)

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Many people have been questioning oil and gas with regard to America’s current politics. Luckily, Don Hosmer from Royale Energy, Inc., is here to provide us with some insight!

In this episode, John and Michael Parise speak with Don Hosmer from Royale Energy, Inc. Don talks about investing in oil and gas. He highlights the benefits of the industry from an investment standpoint, its tax benefits, and opportunities based on its peak demand.

Don discusses:

  • The fundamental and psychological reasons behind the softness seen in the oil market
  • The current challenges that the oil industry is facing in the public sectors
  • The current state of the oil reserve and the life cycle to replenish it
  • The tax benefits of his investment program and of investing in oil and gas
  • The risks involved in drilling for oil and gas
  • And more!

Connect with Don Hosmer:

Connect with John and Michael Parise:

About Our Guest: 

Don Hosmer resides in California and is Royale Energy, Inc’s CEO,  an oil and natural gas company. 

Don started the company with his father in 1986. They started with a team of geologists and engineers and started the company primarily as a natural gas producer. 

Approximately three years ago, Royale Energy, Inc. merged with a team of petroleum engineers to form the oil and gas company that is today.

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Insurance Options When US Insurance Providers Can’t Cover Your Needs with Sean McNiff (Ep. 96)

Insurance Options When US Insurance Providers Can’t Cover Your Needs with Sean McNiff (Ep. 96)

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If your traditional insurance provider won’t cover specific risks for you or your business, you have additional options to protect yourself, your business, and your family.

In this episode, John and Michael Parise interview Sean McNiff from Exceptional Risk Advisors about some alternative insurance the firm provides. Sean shares a variety of case studies, from examples of when his work made a significant impact on his clients to some interesting insurance stories. He also talks about the creativity and customization that goes into protecting businesses and families.

Sean discusses:

  • What do Exceptional Risk Advisors and other cover holders for Lloyd’s of London do, who they insure, and what they cover
  • A variety of insurance case examples of when his work seemed to make a huge difference for his client base
  • Why it’s so important for business owners to regularly update their net worth valuations for insurance
  • The creativity and customization that goes into protecting families and businesses 
  • And more!

Connect with Sean McNiff:

Connect with John and Michael Parise:

About Our Guest: 

Sean McNiff is the Vice President of Business Development & Marketing at Exceptional Risk Advisors. He is passionate about developing new business relationships and educating the marketplace. Sean has been with Exceptional Risk Advisors from the day it was founded. His focus lies in working with sophisticated life, executive benefit, and disability insurance advisors whose clients can benefit from partnering with Exceptional Risk Advisors.

Sean received a BA in Communications and graduated Magna Cum Laude from the University of Rhode Island. When he’s not advising clients, he’s outside playing tennis, hiking, skiing, and spending time with his wife and their two children.

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Case Study: Don’t Let Procrastination Hinder Your Generational Estate Planning (Ep. 94)

Case Study: Don’t Let Procrastination Hinder Your Generational Estate Planning (Ep. 94)

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They say, “an ounce of prevention is worth a pound of cure.”

When families procrastinate with advanced estate planning, it can jeopardize the success of the next generation and their assets.

In this episode of The Truth About Wealth, John and Michael Parise share a case study that illustrates how they’ve been helping one particular family with their estate planning. Listen in as John and Michael describe their process of minimizing generational taxes by 80% and preparing the next generation to inherit the family business.

John and Michael discuss: 

  • Ways Copper Beech approaches this case study and clients focused on estate planning 
  • The estate planning options they suggest for asset protection
  • How families can reduce and protect themselves from estate tax exposure
  • How to effectively prepare the next generation to inherit the family business and/or assets
  • The role of trusts and liquidity when it comes to estate planning
  • And more!

Connect with John and Michael:

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Cost Segregation In Real Estate — Part 2 with Isaac Downing (Ep. 93)

Cost Segregation In Real Estate — Part 2 with Isaac Downing (Ep. 93)

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Did you know that cost segregation studies can be conducted on commercial and residential properties?

This week on The Truth About Wealth, Isaac Downing, the regional director at Capstan Tax Strategies, is back to unpack everything you need to know about the 1031 Exchange and cost segregation studies within commercial and residential real estate properties. Isaac also outlines the tax benefits these studies can provide to passive and active investors.

Isaac discusses:

  • The 1031 Exchange as a powerful tool within the real estate arena
  • How tenants can benefit from cost segregation studies
  • Ways accelerated depreciation works
  • Cost segregation studies according to different property types  
  • And more!

Resources:

Connect with John and Michael Parise:

Connect with Isaac Downing:

About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies.  Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

It’s not typical for salespeople to have accounting and engineering experience, but Isaac is anything but ordinary.  A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance. 

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Cost Segregation In Real Estate with Isaac Downing (Ep. 92)

Cost Segregation In Real Estate with Isaac Downing (Ep. 92)

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Cost segregation in real estate has been a taboo subject for many investors. 

However, there are several tax benefits to consider when implementing cost segregation within the properties you own.

In this episode of The Truth About Wealth, Michael Parise sits down with Isaac Downing, regional director at Capstan Tax Strategies. Isaac unpacks the ins and outs of cost segregation and its role within your real estate properties. Isaac also details Capstan’s approach to supporting clients with different case studies around the subject.

Isaac discusses:

  • The advantages of cost segregation
  • Tax laws affecting cost segregation
  • What you should know about bonus depreciation 
  • Who qualifies for cost segregation 
  • And more!

Resources:

Connect with John and Michael Parise:

Connect with Isaac Downing:

About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies.  Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

It’s not typical for salespeople to have accounting and engineering experience, but Isaac is anything but ordinary.  A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance. 

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The Importance of Sobriety with Matthew Sullivan (Ep. 91)

The Importance of Sobriety with Matthew Sullivan (Ep. 91)

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The pathway to sobriety from drugs and alcohol isn’t a linear one. There is potential to have many ups and downs. 

And here’s where treatment facilities like the American Treatment Network help individuals get sober to become functioning members of society.

In this release of The Truth About Wealth, John and Michael Parise welcome their returning guest, Matthew Sullivan, the co-founder and Chief Executive Officer of the American Treatment Network. Matthew is back to unpack how his team measures sobriety success for patients while detailing everything you need to know about the timeline of patient treatment at his facility.

Matthew discusses:

  • The role of sobriety rates when measuring patient success
  • The treatment options available at the American Treatment Network
  • The cost of medical care without a health plan
  • The number of patients that return for treatment after relapsing
  • And more!

Resources:

Connect with John and Michael Parise:

Connect with Matthew Sullivan:

About Our Guest: 

Matthew Sullivan is a co-founder and Chief Executive Officer of American Treatment Network and a current board member of 1Drop Diagnostics. He is an accomplished commercial executive and entrepreneur that has developed and led strategies that have changed current medical practice throughout his career. He has been an integral part of scaling and leading high-growth organizations that have created over 1 billion dollars of shareholder value while redefining the standard of care in medical treatments.



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Drug Abuse and the Importance of Taking Action with Matthew Sullivan (Ep. 90)

Drug Abuse and the Importance of Taking Action with Matthew Sullivan (Ep. 90)

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It’s no secret that drug abuse can have harmful consequences for addicts and their families.

Hence, it’s crucial to take action and work alongside experts who know what steps to take.

In this episode, John and Michael Parise sit down with the co-founder and Chief Executive Officer of the American Treatment Network, Matthew Sullivan. Together they unveil the effects of drug abuse and opioid overdose while detailing how this problem impacts families regardless of their socioeconomic status. Matthew also comments how the American Treatment Network has specialists from different fields to achieve sustainable sobriety.

Matthew discusses:

  • How he got involved in drug addiction treatment and how the American Treatment Network is committed to helping individuals with substance dependency 
  • The differences in opioid consumption between Europe and the United States
  • The reality of marijuana in younger populations
  • What are co-occurring diseases, and reasons they more prevalent among narcotic addicts
  • How substance addiction impacts middle and upper-class families
  • And more!

Connect with Matthew Sullivan:

Connect with John and Michael Parise:

About Our Guest: 

Matthew Sullivan is a co-founder and Chief Executive Officer of American Treatment Network and a current board member of 1Drop Diagnostics. He is an accomplished commercial executive and entrepreneur that has developed and led strategies that have changed current medical practice throughout his career. He has been an integral part of scaling and leading high-growth organizations that have created over 1 billion dollars of shareholder value while redefining the standard of care in medical treatments.



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Four Must-Know Mindset Shifts — Part 2 with Aprajita Anand (Ep. 89)

Four Must-Know Mindset Shifts — Part 2 with Aprajita Anand (Ep. 89)

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Having access to tremendous wealth can’t help you control the uncontrollable.

Whether it’s the COVID-19 pandemic or the stock market crash, there are things in life that we have no control over. However, you can change the way you think about problems out of your control. 

This week, John and Michael Parise welcome their returning guest and learning specialist, Aprajita Anand. This time, Aprajita unpacks the four mindset shifts she uses to help and support the girls, children, and families she works with.

Aprajita discusses:

  • How to help youth shift from an external to an internal sense of control
  • Shifting from a fixed mindset to a growth mindset
  • What you should know about extrinsic and intrinsic motivation
  • How socioeconomic circumstances impact families and children and their approach to handling and transferring wealth
  • How mindset shifts can reinforce our learning and growing ability
  • And more!

Resources:

Connect with John and Michael:

Connect with Aprajita Anand:

About  Our Guest:

Aprajita Anand is a learning specialist based in New York City. She graduated from Princeton University with a degree in Art History, a minor in visual arts, and took advanced courses in science and math. She has over a decade of experience working as a private tutor and coach and feels passionate about helping her students.

She works with a limited number of families each academic year, and propels her students to succeed, from elementary school to college, graduate school, and beyond.

Aprajita has a track record of increasing her student’s academic success (e.g. writing, math/science, test preparation); social and cognitive development (e.g. intrinsic love of learning, self-efficacy, confidence); and personal development (e.g. personal life plan, ethical code, leadership development). Her students get on a dramatically better trajectory for lifetime success.



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The Emotional Connection To Generational Wealth with Aprajita Anand (Ep. 88)

The Emotional Connection To Generational Wealth with Aprajita Anand (Ep. 88)

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We’ve all heard the phrase “money can’t buy happiness.”

The COVID-19 pandemic has made the relationship between money and happiness more daunting and adding social media to the mix only complicates the matter.

In this episode of the Trust About Wealth, John and Michael Parise sit down with learning specialist Aprajita Anand. Known as the “Teen Whisperer” to her clients, Aprajita unpacks the empowering and enabling side of money while detailing how the pandemic and social media have impacted families and children. 

Aprajita discusses:

  • Why money can’t cure all problems
  • Ways wealth can impact the relationship we have with our children
  • How the pandemic has affected the way families handle their wealth 
  • The role of parents when it comes to handling and controlling social media
  • The impact of remote learning on children’s social media use
  • The value of resources for families and children 
  • And more!

Connect with John and Michael Parise:

Connect with Aprajita Anand:

About Our Guest: 

Aprajita Anand is a learning specialist based in New York City. She graduated from Princeton University with a degree in Art History, a minor in visual arts, and took advanced courses in science and math. She has over a decade of experience working as a private tutor and coach and feels passionate about helping her students.

She works with a limited number of families each academic year, and propels her students to succeed, from elementary school to college, graduate school, and beyond.

Aprajita has a track record of increasing her student’s academic success (e.g. writing, math/science, test preparation); social and cognitive development (e.g. intrinsic love of learning, self-efficacy, confidence); and personal development (e.g. personal life plan, ethical code, leadership development). Her students get on a dramatically better trajectory for lifetime success.