Tax has a crucial role in wealth generation and preservation. Professional athletes have very complex tax situations which make tax planning a year-round endeavor, not just a one-time stop during tax filing season. The importance of integrating tax strategies with investment planning can't be stressed enough as we have seen the countless pitfalls of receiving separate tax and investment advice.

Proactive strategies must be taken on, and changing the game plan to account for updates in the tax code is essential to maximize and optimize wealth.

Have questions for an upcoming episode? Want to get free resources, book giveaways, and AWM gear? Want to hear about when we release new episodes? Text “insights” or the lightbulb emoji (💡) to Brandon at (714) 504-7689 to join our new AWM Insights Network.

Episode Highlights

• 00:00 - Tax Planning Significance: Introduction to the importance of tax planning and filing.
• 00:59 - Tax Season Insights: Emphasizing year-round planning.
• 02:14 - Proactive Tax Strategies for Baseball Families: Projecting income and adjusting tax strategies for MLB players.
• 03:55 - Details on 401(k) Changes and Tax Planning: Adjusting to MLB 401(k) changes and leveraging Individual 401(k)s for tax benefits.
• 05:45 - The Importance of Coordinated Financial Planning: Integrating taxes with investment strategies for optimal wealth management.
• 06:45 - Pitfalls of Separate Tax and Investment Advice: The risks of not having integrated financial advice.
• 07:56 - One Net Worth, One Effective Tax Rate: The importance of considering net worth and tax rates together in financial planning.
• 08:41 - Client Guidance and Proactive Planning: Efforts to ensure proactive and sensitive tax planning for clients.
• 09:37 - Universal Relevance of Tax Planning: The applicability of tax planning strategies across professions.
• 10:00 - Closing and Importance of Continuous Communication: Encouraging ongoing discussions with CPAs for year-round tax planning.
  

Crypto has reemerged in the financial landscape with the recent rally in Bitcoin and the significant role of the SEC's approval of Bitcoin Spot ETFs. With all the hype, a cautious approach to the crypto space is prudent.

This does not mean that the trend should be ignored. It’s essential to know and understand the ever-evolving investment universe. However, prioritizing investments in businesses with predictable cash flows over speculative bets on price movements is a tried and tested path to success.

Venture capital and public company investments can provide exposure to innovative technologies including blockchain and even underlying crypto holdings via company assets. This approach gives you a higher probability of success in your journey for multi-generation wealth.

Have questions for an upcoming episode? Want to get free resources, book giveaways, and AWM gear? Want to hear about when we release new episodes? Text “insights” or the lightbulb emoji (💡) to Brandon at (714) 504-7689 to join our new AWM Insights Network.

Episode Highlights

• 00:03 - Crypto and Blockchain Resurgence: Introduction to the renewed interest in cryptocurrency.
• 01:04 - Bitcoin's Rally and SEC's Role: Analysis of Bitcoin's price surge and impact of Bitcoin Spot ETFs approval.
• 03:57 - Investing vs. Currency Use in Crypto: The distinction between investing in and using cryptocurrencies.
• 04:43 - Investment vs. Speculation: Exploring the concepts of investing and speculation within the crypto space.
• 07:11 - AWM's Approach to Crypto: The firm's strategy towards blockchain and crypto investments.
• 08:02 - Venture Capital and Blockchain Technology: Leveraging venture capital for exposure to blockchain innovations.
• 09:51 - Picks and Shovels Approach: Focusing on the underlying technologies of the crypto world.
• 10:37 - Summary and Investment Strategy: Emphasizing the importance of a planned approach to investing, with cautious speculation in crypto.
• 11:26 - Text us!

The economy and the stock market are not the same. Usually, the market has a head start and prices in future economic events. The market’s recent rally preceded the positive news that came out in terms of inflation, GDP, and employment rates.

Making alternative bets has been shown to be counterproductive. Investing with a long-term mindset and avoiding market timing and speculation has been the winning gameplan, and gives investors the best odds of creating and sustaining multigenerational wealth.

Have questions for an upcoming episode? Want to get free resources, book giveaways, and AWM gear? Want to hear about when we release new episodes? Text “insights” or the lightbulb emoji (💡) to Brandon at (714) 504-7689 to join our new AWM Insights Network.

Episode Highlights

• 00:04 - Introduction & Market Overview: Insights into economic dynamics, and stock market basics.
• 01:03 - Economic Update: Analysis of inflation trends, GDP health, and employment status.
• 03:04 - Interest Rate Outlook: Changing forecasts, impact on markets, savings strategies.
• 05:18 - Stock Market Performance: Record highs in U.S. indexes, and global market trends.
• 06:23 - Corporate Earnings Analysis: Profitability insights, Q4 2023 earnings, company efficiency.
• 08:07 - IPO Trends, Market Liquidity: Reddit IPO, influence of public offerings on private investments.
• 09:22 - Crypto Market Trends: Bitcoin's surge, cryptocurrency speculation, investment strategies.
• 10:20 - Closing Advice: Long-term investing principles, avoiding market speculation.
• 11:26 - Text us!