Market Wizards (Episode 104)
Play • 35 min

SUMMARY:

Discover how the best traders set themselves apart. Jack Schwager joins Andy to share details about a lifetime of work interviewing and analyzing the best market traders.

 

SHOW NOTES:

5:02: Why Do The Best Traders Care The Least About Profits?

8:26: What Is The Psychological Trait Top Traders Possess?

12:49: How Do Top Traders View Market Stability?

16:45: Can You Teach Yourself To Be A Top Trader?

21:29: How Do Top Traders Manage Risk?

25:44: Do Top Traders Subscribe To One Style Of Trading?

28:17: How Has AI Impacted The Top Traders?

31:42: How Can A Good Trader Become A Top Trader?

Get Rich Education
Get Rich Education
Keith Weinhold
328: Why Today’s Hottest Housing Niche Is Build-To-Rent
My housing prediction for the next few years is revealed at the beginning of the show. Learn why higher interest rates mean less housing supply. Learn how to buy new construction income properties as inexpensively as $169K at: www.getricheducation.com/southeast Last year: Real estate was up 11%, mortgage rates fell from 3.72% down to 2.67%, inflation fell from 2.5% to 1.4%, S&P 500 up 16%, dollar weakened, bitcoin surged 400%+, gold & silver had their best years since 2010, oil down 21%. “Build-To-Rent” (B2R) means that properties are constructed with tenant-occupants, not owner-occupants. Durable finishes are used, like cement hardie board, vinyl plank flooring, and granite countertops. B2R single-family homes as low as $169K (new construction). Duplexes, triplexes, and fourplexes are also offered in Florida and Georgia at: www.getricheducation.com/southeast Tenants in these B2R properties often have incomes of $100K+. Today’s renters want a yard, even if it’s small. They don’t want a fireplace. With remote working trends, proximity to an urban area is now less important. Resources mentioned: Build-To-Rent FL & GA property: www.GetRichEducation.com/Southeast Show Notes: www.GetRichEducation.com/328 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Chris Voss on Masterclass: www.Masterclass.com
39 min
How To Trade It
How To Trade It
Trading Strategy Guides
Learn This Little Known Strategy on Using Volume Stock Entries Ep #44
*Subscribe to **How To Trade It* The 70s and 80s were the pinnacle of market letters. Tim was fascinated by them. He’d read the market news from people like Joe Granville and Stan Weinstein. At the time, People thought technical analysis was hocus-pocus—the focus was on the fundamentals. But Tim started to learn about technical analysis from Granville and Weinstein and he couldn’t go back.  He got hired as the VP of Options at another firm in the 80s. He started an internal market letter at that firm, with a reach of 200–300 brokers nationwide. They wanted to hear what he had to say. His market news started as a message on an answering machine. When they called and got the voicemail, they got his update. He started a market letter on the side. As the internet grew, he grew with it. He’s been offering his newsletter online ever since. Tim Ord is the President, Editor, and Publisher of The Ord Oracle, an electronic advisory newsletter that recommends S&P, NASDAQ, and gold stock trades. He is one of the top-ten market timers in the country.  *You’ll want to hear this episode if you are interested in...* * [0:50] How Tim’s newsletter got started * [4:28] A climactic/panic indicator * [8:12] A discussion of volume/timing * [13:23] How to make a profit from Tim’s strategy * [15:05] Trading Gold and the S&P 500 * [16:26] The correlation between GDX and the S&P 500 * [18:27] What newsletter subscribers can expect *Connect with Tim Ord* * Mention this podcast to get a two-month subscription for the price of one! * The Secret Science of Price and Volume *Connect With Casey Stubbs* * Website: https://caseystubbs.com * TSG YouTube: https://www.youtube.com/TradingStrategyGuides * YouTube: https://www.youtube.com/caseystubbs * Twitter: https://www.twitter.com/caseystubbs * Facebook: https://www.facebook.com/TradingStrategyGuides * LinkedIn: https://linkedin.com/in/caseystubbs * Newsletter: https://financeandmarkets.com/ *Subscribe to **How To Trade It* *Disclaimer*: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Support the show (https://caseystubbs.com)
26 min
Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 249: Increase Your NOI Through Cell Tower Investing – With Hugh Odom
The most successful real estate investors find creative ways to increase their NOI either by adding amenities for residents or reducing expenses. But there is a new opportunity for property owners that you may not be aware of. What if you could earn more money by leasing out a portion of your building for a 5G cell phone tower? Hugh Odom is the Founder and President of Vertical Consultants, a telecom consulting firm that has advised major corporations such as Walmart, McDonald’s and Disney, as well as government institutions like the Department of Veterans Affairs, the New York Housing Authority and the United States Postal Service. Hugh served as an attorney for AT&T for 11-plus years, and today, he leverages his expertise in the telecom industry to help real estate investors earn additional income through cell tower leases. On this episode of Apartment Building Investing, Hugh joins cohost Garrett Lynch and I to explain why the cell tower industry is like oil 100 years ago, discussing what is driving the need for more cell towers and how lucrative a cell tower lease can be for investors. Hugh shares the do’s and don’ts of negotiating a cell tower lease, describing how it differs from a real estate transaction and what Hugh’s team does to help property owners with the process. Listen in to understand why cell tower investing is a safe bet for the long term and learn how YOU can take advantage of the opportunity to be a cell tower landlord! Key Takeaways Why the cell tower industry is like oil 100 years ago * Long-term agreements to lease land from property owners * Cell companies reach out if property in right location What is driving the need for more cell towers * 5G technology requires additional infrastructure * Densification makes service faster, more instantaneous * From 400K to 1.5M cell sites by 2025 The do’s and don’ts of negotiating a cell tower lease * Don’t treat as real estate transaction (e.g.: market rate) * Do determine value provider will get from space How lucrative a cell tower lease agreement can be for investors * Typically increases value of property by $1M * Renegotiate contract as provider’s revenue from site goes up How Vertical Consultants helps property owners * Level playing field (understand value you’re offering) * Source leases for large commercial property owners How to take advantage of this opportunity in cell towers * Buy properties with existing towers or rights to cell towers * Bring experts in to renegotiate lease How 5G towers differ visually from traditional cell towers * Traditional tower = 150 feet tall, up to 5K ft2 * Traditional rooftop antenna up to 500 ft2 * 5G tower = 50 ft2 with small antenna box The opportunity to become an operator of cell towers * Pay property owners in dead spots for right to lease * Buy for long-term cashflow or flip Why cell tower investing is a safe bet for the long term * Similar to highway system (infrastructure, not technology) * Change out equipment as tech improves Who Hugh serves through Vertical Consultants * Property owners with existing agreements * Owners who’ve been approached by cell company * Hotels, self-storage and shopping center developers Connect with Hugh Odom Vertical Consultants Resources Join the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program American Tower Crown Castle SBA Communications Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
41 min
Real Estate Investing for Cash Flow with Kevin Bupp
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
#306: Real Estate Through the Years, Investing During Recessions, and Much More! -with Larry Lieberman
Larry Lieberman is the president and founder of the Barrington Group. For more than 40 years, The Barrington Group's company philosophy has been to provide excellent quality maintenance service, good clean, well-manicured grounds, well-prepared apartments, friendly courteous professional staff members, and a genuine real concern for the health, safety, and well-being of their residents. The Barrington Group believes in long-term ownership. They do not “build and sell” or “flip” their properties; in fact, they still own and manage most of their original portfolio. An excerpt from their website, which I think will provide some additional context to the type of company Barrington is - “We know our residents, they know us…. we strive to have the same staff at a property year after year. Our residents are not subject to “new management” with changing rules and fewer quality standards. Because we are long-term owners, we must pay attention to keeping our properties in excellent physical condition…. to prevent them from aging… we spend considerable resources on keeping our properties beautiful. Quotes: “There were companies out buying everything in sight, but we couldn’t compete because we wanted cash flow absent of the tax benefits. We weren’t players. We weren’t out building and developing and buying because we couldn’t compete with the tax credit mentality.” “The basic components that we adhered to, to turn properties around in the ’60s, was I believe in giving a good, well maintained and clean apartment for a reasonable price. And for which, I expect my rent, and I expect it on time. We adhere to that, and we’ll do our part first so that you’ll do your part second.” Highlights: 5:22- Larry tells us about his background and how he found his way into real estate 13:39- Larry shares how prior to 1987 he kept from falling into the trap of bad deals due to inflation 18:53- Larry tells us about changes in his property management style that helped him manage his business more efficiently in the 60s after acquiring 2000 assets 21:23- Larry shares the struggles he has faced in his career and how he has overcome them 27:04- Larry tells us how he makes determinations in large rehab projects as to not over renovate 30:40- Larry talks about the best-valued lifestyle commodities in communities 32:27- Larry tells us about shifts and changes he’s made due to COVID Guest Website: http://www.bgiapartments.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team
43 min
The AlphaMind Podcast
The AlphaMind Podcast
Steven Goldstein & Mark Randall
10 Pieces of Killer Insights and Enduring Wisdom for Traders
*There's something incredibly potent and calming about insights from people who have been there and done it many times over.  AlphaMind hosts Mark and Steve have over 8 decades between them in markets, and thousands of hours coaching traders to move forward and progress in their work and get past the many mental and emotional challenges trading throws up.  In this episode, Mark and Steve share 10 powerful insights and pieces of wisdom that they feel will help them to become better more productive traders and risk-takers. In their unique AlphaMind way, they distill these to the audience through a vibrant discussion based on the sharp lessons they have picked-up from their own struggles and experiences over many years.* *Amongst themes discussed are: * * *Making space for yourself and stepping back form the screens and markets to be more present as a trader, more effective as an individual, and more grounded in the moment. * * *The concept of a ‘Tripwire’ which brings you back to yourself and pulls you up when your process is going astray. * * *Thinking of trading as a process with process orientation rather than a results orientation. * * *Taking positive learning lessons from your experiences, digesting these and applying them to your work.* * *Looking forward not looking down: Backing yourself, believing in yourself, not undermining yourself by lacking the faith you need in yourself to succeed in this very challenging world. * * *Avoiding trying to perfect trades: Optimise and be happy with 80% instead of 100%. * * *The importance of planning, even though plans rarely work out , planning is still vital and essential.  * * *Detachment: Learn to walk away, be willing to recognise your fallibility and don’t’ dwell on errors. This comes back to having 'Tripwires'. * * *How clearing the head and mind, and taking actions to do this, becomes a powerful source of insights which lead to better trading and more effective performance. * * *How we need to improve how we develop our ability to generate insights, as opposed to just reducing the aspects of trading that we fail at. * * *Understanding your reason for why you are trading, which market you are trading and why you are trading the way you are.* * *Looking to other markets, products, styles, timeframes, and considering the  options open to you. * * *Detaching your ego from your trading, and not seeking to validate your ego as a goal for your trading.  *
1 hr 6 min
BiggerPockets Business Podcast
BiggerPockets Business Podcast
BiggerPockets
91: How Businesses Get Sold for Millions with Chris Younger
If you’re a new entrepreneur, it may seem like a dream to sell a business for millions of dollars. People like Chris Younger, make that dream a reality. Chris founded Class VI Partners, an investment bank that helps entrepreneurs plan and prepare businesses for sale. Chris will be the first to admit that selling isn’t an easy process, it takes time, patience, and a lot of documentation. Chris compares selling your business to running a marathon: you need to be in it for the long haul to finish strong. He helps owners reach a price point that works for their future, and helps create the processes around selling that enable a new owner to carry the business to new heights. For many owners, success in selling comes from doing the hard work upfront, not putting it off for your future self (and employees) to deal with. So why would an entrepreneur want to sell? Maybe it's personal timing and they feel like they’ve given the business as much as they possibly can. It also could be business timing, the business may be seeking a new change in direction. Or it could be buying timing, a buyer comes in with the right offer, the right ability, and makes the sale. Whatever a reason for selling a business, a business owner needs to be prepared for their business to sell at some point. So even if you’re just starting out, hearing words of wisdom from Chris may net you a few more million dollars! Check the full show notes here: http://biggerpockets.com/bizshow91
55 min
Invest Like a Boss
Invest Like a Boss
Sam Marks & Johnny FD
167: 2021 Bitcoin Outlook with Stephan Livera
Stephan Livera is a Bitcoin Podcaster and co-founder Ministry of Nodes. He hosts one of the world's leading bitcoin podcasts focused on the economics and technology of bitcoin. Stephan came to the space in 2013 and started the podcast in 2018, hosting many leading names in the bitcoin world as a means to provide high quality, curated information. Stephan contributes articles, speaks and hosts bitcoin events and conferences. Professionally and previously Stephan worked as an Australian chartered accountant and auditor within financial services. Listen to ILAB 167 on iTunes here or subscribe on your favorite podcast app. Where we are: * Johnny FD – Sri Lanka / IG @johnnyfdk * Sam Marks – Thailand / IG @imsammarks * Derek Spartz - Los Angeles / IG @DerekRadio Sponsor: * Our Crowd OurCrowd investors have access to invest directly, easily, and most importantly, early in pre-IPO companies. Sign up free now * Support Invest Like a Boss: Join our Patreon Discussed: * stephanlivera.com * ministryofnodes.com.au Like these investments? Try them with these special ILAB links: * ArtofFX – Start with just a $10,000 account (reduced from $25,000) * Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) * Betterment – Get up to 1 year managed free * Wealthfront – Get your first $15,000 managed free * PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: * 11:13 – How did you get into Bitcoin? * 13:03 – What are you trying to unearth with your podcast? * 16:34 – Do you view Bitcoin as a currency or an asset? * 21:17 – Have you heard of any large funds buy Bitcoin? * 25:45 – Are these long term holds? * 30:43 – Where does it sit as a currency? * 33:57 – Have you heard of any big platforms accepting Bitcoin as payment? * 36:31 – Would it make sense exchanging Bitcoin with a stable coin? * 37:39 – Do you see Banks adopting and dealing with Bitcoin * 41:47 – Has the wallet technology improved as it relates to security? * 47:32 – What do you mean by “self-custody”? * 51:27 – What do you see on the horizon with Bitcoin? * 53:13 – Sam and Johnny review If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2021. All rights reserved. Read our disclaimer here.
1 hr 34 min
LowCarbUSA Podcast
LowCarbUSA Podcast
Doug Reynolds and Pam Devine: Low Carb Podcasters
Jen & Dave Unwin: Fireside Chat - What Lovely, Humble People: Ep 64
I have wanted to sit down and chat with David and Jen Unwin for the longest time so this was a real treat. We start out by hearing briefly how he first came to learn about Low Carb, and that was through a patient who went off and reversed her diabetes on her own. When she saw him again she literally scolded him for not every telling her that starch was really just sugar in the body and she basically asked if he was even qualified! When I pointed out that he was never taught that stuff during his studies at university, I was amazed by his answer, "That is No Excuse!! As a doctor I should have know that. I was caught with my pants down". She apparently learned all everything from an online group of about 40,000 people who were all teaching each other about this and when he tried to join the group to learn more they would not let him in initially because they thought that if he was a doctor then he must be a troll. They literally investigated him in his practice before they allowed him in, but since then he and Jen have gone on to help them to develop an online program which has helped over 460,000 people so far. What a brilliant discussion with two genuinely caring and humble doctors who are helping to change the world! You can find that famous chart on the teaspoons of sugar under the Resources tab on this website. You can link to David's latest paper he was talking about here.
48 min
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