EP 74 - Greg Silberman - Financial Learning Tips from a Chief Investment Officer Part 3

Money Talks - Financial Learning Tips from a Chief Investment Officer Part 3 Today is the last part of a three-part series with Greg Silberman, CIO of ACG Wealth. Greg is responsible for managing the firm's Global Investment Portfolio, as well as supervising the implementation of the company's Asset Management Strategies. Here are more key points on today’s episode: Diversification as the best way to help clients achieve their goals. The advantage of having business experts on your team. Why patience is definitely a virtue. Investing is not one size fits all. So join us on today’s episode and learn all about managing and growing your finances. 01:11 (Steve introduces today’s guest, Greg Silberman, CIO of ACG Wealth.) 02:13 (Greg talks about the importance of getting an expert looking after your business.) 07:37 (Greg shares his predictions about the future of the market.) 13:55 (Greg shares his knowledge about Bitcoin and cryptocurrency.) 18:32 (Greg gives his final words of wisdom to the Awesomers.) Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, "You can have everything in your life you want if you help enough other people get what they want." It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope that you will join me on this Awesomer journey. SPONSOR ADVERTISEMENT Empowery, the name says it all. Connecting E-commerce entrepreneurs with great people, ideas, systems and the services needed to sustain business dynamic into growth. Empowery is a network; a cooperative venture of tools and resources to make you better at what you do. Because we love what you do. We are you. Visit Empowery.com to learn more. You're listening to the Awesomers podcast. 01:11 (Steve introduces today’s guest, Greg Silberman, CIO of ACG Wealth.) Steve: Okay, everybody we're back again Steve Simonson joined today by Greg Silberman on the Awesomers.com podcast series, and we've been talking about investments in various strategies and ideas about how to get a look at least from the 30,000 foot view of investments. I definitely agree as you talked about before the break, Greg, that you know the idea of being diversified is a fine idea whether it's a range of stocks or you know range of even private equity types of deals. You know there may be some allocation towards that higher risk but high reward stuff. But do you have a basic or easy to understand idea that would help us say, “Hey, why should we use somebody like ACG, somebody who's a wealth specialist versus just going and you know putting all the money in one of these mutual funds.” And you know they got ten thousand stocks so that's super diversified. That's got to be better. At least that's what they would tell us. How would you guys respond to that kind of issue? 02:13 (Greg talks about the importance of getting an expert looking after your business.) Greg: Steve, that is, you touched on kind of the million dollar dollar question there. So let me tell you my answer and obviously there's no right or wrong answer to this. My view is that in investing, there is a season and a time for everything. And so that means there is a season for mutual funds, there's a season for ETFs, there's a season for Robo-advisors, and there's a season for private equity, okay. I don't know when those seasons are. They don't, certainly don't ring a bell and say, “You know it's now time to go into bonds,” or whatever the case may be. So again, diversification is probably the best way that I can help my clients achieve their goals. That means,

Om Podcasten

If you are an Amazon seller, ecommerce entrepreneur, ebay seller or you want to learn how to sell online this Podcast is for YOU! What is an Awesomer? An Awesomer is someone who through a series of long-term actions and behaviors has demonstrated that they are not satisfied with normal. They are achievers to a penultimate degree in their own industry specialty or area of interest. There are no monetary criteria to be an Awesomer, in fact, many mega-wealthy people are not Awesomers. Some of them are Normies. Others are even Basics! Awesomers want to thrive; not just survive. Awesomers are trying to improve their lives and the lives of those around them. They are trying to make an impact, in whatever way they can, on the world. Many Amazon Sellers are awesomers. They took the Amazon FBA opportunity and they siezed the moment by taking action. If you are an Amazon Seller or interested in selling in eCommerce you should take a moment now and listen to all the Awesomer origin stories. Entrepreneurs solve problems in the world. They don’t create them. Awesomers are never done learning or improving. To become an Awesomer one must realize the journey to improve is perpetual. In other words, you don't arrive to the land of the Awesomer as a destination. Being an Awesomer means you are on the path of achievement for the sake of improving your life and those around you. Awesomers are 75% more likely to listen to educational or improvement podcasts.** What is a Normie? A Normie is someone who is stable and well established in life and ultimately is satisfied with the status quo. They don't want to rock the boat. They don't want to take risks. Normies are satisfied to survive. Normies are fine, just ask them. Awesomers have no problems with Normies. In fact, most Awesomers are surrounded by Normies who are their close friends and even family. More often than not Normies do not understand the plight of the Awesomer so they will warn the Awesomer to “be careful” or “don’t do it” or provide other guidance they mean to be helpful, but it is really just negativity that the Awesomer must overcome. We all know and love Normies and we are not criticizing Normies. We're only delineating some of the differences that exist between Awesomers and Normies. Normies are 84% more likely to listen to news about the Kardashians than Awesomers.** What is a Basic? A basic is someone who doesn't care about anyone which is often including themselves. They self-sabotage, they create problems, and they are not people that anyone should hang out with. They suck the life out of everyone around them by manufacturing drama, problems, or other nonsense. These people have chosen a path for themselves often by years and years of behaviors and actions which lead them to the life they have today; which is ok with us. We’re not judging. We just choose not to have our journey detoured by crossing the path of a Basic. (We also refer to this as the no A-HOLE rule.) 63% of basics have a cell phone only to play games, consume news or "vent" on social media.** **The preceding statistics for each archetype above is 100% made up. We like to make jokes. But we'll always tell the truth and set the record straight. The Awesomers.com podcast, hosted by Steve Simonson, will showcase some of the amazing origin stories of Awesomers from around the world. There are so many truly inspiring stories from people from all walks of life, but most often the Awesomers that will be focused on will be those who are also entrepreneurs. We'll be launching in the last half of 2018 as we build the systems and a team to support this important effort. We hope you will join us for this exhilarating journey! Many of these awesomers are Amazon sellers who have built an Amazon FBA ecommerce business and have started to see positive financial and lifestyle results.