Choosing The Best Robo Advisors – An Interview with the Top Robo Advisor Expert, Barbara Friedberg

We interview veteran portfolio manager Barbara Friedberg to discover the best robo advisors you should consider for your portfolio. Barbara is an author, fintech consultant, and former university finance instructor. She is one of the foremost experts on robo advisor platforms.

She joins us today to talk about the essential details you need to know and how to differentiate each from their peers.

Tim Picciott, Andy Wang, Kirk, and Miranda joins us this week on our panel to discuss how robo-advisors are affecting the financial service industry.

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s Guest, Barbara Friedberg:

Barbara A. Friedberg, MBA, MS is a veteran portfolio manager, fintech consultant, expert investor, author and former university finance instructor. She is CEO of Robo-Advisor Pros.com, a robo-advisor review and information website. Her work is found on US News and World Report, InvestorPlace, and more.

 

Barbara Friedberg’s online presence:

www.roboadvisorpros.com

www.roboadvisorpros.com/robo-advisor-selection-wizard

www.roboadvisorpros.com/robo-advisor-comparison-chart (free downloadable)

 

Social: Twitter @barbfriedberg, @roboadvisorpros and LinkedIn

 

Books referenced:

A Random Walk Down Wall Street- Malkiel

Elements of Investing – Malkiel and Ellis

Invest and Beat the Pros-Create and Manage a Successful Investment Portfolio

Personal Finance; An Encyclopedia of Modern Money Management (publisher, Greenwood Press)

How to Get Rich; Without Winning the Lottery

 

Today’s Panelists

Kirk Chisholm | Innovative Wealth

Tim Picciott | The Liberty Advisor

Andy Wang | Runnymede Capital Investments

Miranda Marquit | Planting Money Seed

Flipping Real Estate for Profit – Interview with Dominic Kirchner

Have you considered investing in real estate for extra income, as a career, or a hobby?

Think again…

This week we have Dominic Kirchner on our show to talk about flipping real estate for profit. Dominic has been successfully investing in real estate, flipping and rehabbing real estate for profit for over 17 years. This past year he did 50 fix and flips and he continues to grow each year.

Dominic talks about who his inspirations were… How to find great deals… The importance of having a good team… Why you need to stay in your lane… the importance of having a good exit strategy… and most importantly he talks about the current conditions of the real estate market and where he thinks it will go from here.

If you are a real estate investor, you don’t want to miss this week’s show.

If you are thinking of becoming a real estate investor… don’t miss this week’s show.

If you are not interested in real estate at all… please fill out our survey and tell us what you want to hear about.

We here are Money Tree Investing love talking with experts to get the inside scoop about investing. Wall Street tends to make everything look pretty. We don’t. We want the truth. That is what you can expect here.

On this week’s show, we also have a great group of panelists’ to discuss the topic of flipping properties for profit. After you hear what we have to say about flipping real estate for profit, you may want to reconsider your real estate investing plans.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Dominic Kirchner:

Dominic Kirchner is an expert real estate investor who has been successfully investing in real estate for the past 17 years (2002). He invests in a variety of ways, fix and flip, rehab, lending, buy and hold, wholesaling, etc. The true mark of an experienced real estate professional is one who has not only survived a real estate recession but who has thrived because of it. Dominic used 2008 as an opportunity to accelerate the growth of his real estate business to where he is today. This past year he completed 50 fix and flips and is on track to continue his growth.

Dominic is also a real estate agent and one of the top producing agents in his office. He specializes in deal structuring, negotiating and the paperwork required for both buying and selling a property. Dominic received his BS in Business Administration with a concentration in Accounting from Northeastern University.

Website: www.hampdenhomebuyers.com

 

 

Today’s Panelists

Kirk Chisholm | Innovative Advisory Group

Miranda Marquit | Planting Money Seeds

Mindy Jensen | Bigger Pockets

Anson Young | Anson on Bigger Pockets

Women and Money – Interview with Belinda Rosenblum

This week we talk with Belinda Rosenblum about women and money. We had a fascinating conversation with Belinda on this show about how the money issues of women differ from the money issues of men. She really is a magician with helping people overcome their money challenges.

Today’s Guest, Belinda Rosenblum Talks About Women and Money:

Belinda Rosenblum is a CPA and Wealth Expert who helps people take the worry and fear out of money. Most people struggle to stay ahead of their monthly bills… even if they have a high income. Belinda has a unique 4-part plan that helps you make the most of your money now and still allows you to save enough for retirement. She is the creator of the Money Makers Academy, Cashflow CEO, and the coauthor of SELF-WORTH TO NET WORTH: 12 Keys to Creating Wealth Inside and Out. These resources offer a step-by-step approach to help you build your financial self-esteem and manage your own financial life. If she’s not talking about financial freedom, Belinda is likely enjoying the sunshine and chasing after her marathon-running husband, college-bound step-daughter, and 2 spirited toddlers.

You can find out more about Belinda at www.ownyourmoney.com.

Discover exactly where you need to start if you want to take control of your money and your financial life. www.ownyourmoney.com/quiz.

Cashflow CEO – If you’re a business owner, check out her essential Cashflow CEO Dashboard right away by going to www.ownyourmoney.com/moneytree.

Linkedin: www.linkedin.com/in/belindarosenblum

Twitter: @OwnYourMoney

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Show Resources:

Self-Worth to Net Worth: 12 Ways to Creating Wealth Inside and Out – Belinda Rosenblum

When She Makes More: 10 Tips for Breadwinning Women– Farnoosh Torabi

Cashflow CEO Dashboard

Today’s Panelists

Kirk Chisholm | Innovative Advisory Group

Jen Hemphill | JenHemphill.com

Natalie Pine | Briaud Financial Advisors

Miranda Marquit | Planting Money Seeds

Victor Sperandeo – Legendary Futures and Options Trader and Market Wizard

Market Wizards Series of Investing Legends: Victor Sperandeo “Trader Vic”

Welcome to the first of a series of interviews with market wizards and investing legends. This week we interview Victor Sperandeo or “Trader Vic”. He is to Wall Street what Warren Buffett is to Main Street. Unless you are a student of the market you may have never heard of him, but you are in for a treat today.
Vic is a master trader of futures and options. He started an options firm, Ragnar Options Corp, and within 6 months it was the largest options OTC dealer in the world. He racked up a nominal rate of return of 70.7% annually without a losing year between 1978 and 1989. He famously predicted the 1987 stock market crash in a Barrons interview in September of 1987. He has worked with other legendary traders George Soros and Leon Cooperman. He has been featured in some best selling books such as “The New Market Wizards”, and “super traders”, and he has authored 3 books of his own detailing his investment philosophy. He was inducted into the trader hall of fame by Trader Magazine in 2008. Lastly, he has created 2 indexes and 3 methodologies for the futures markets.

Some of the topics we cover in today’s episode:

  • The evolution of Wall Street investing since 1968
  • Why his investing strategy was so successful
  • Trading Risk Management
  • The philosophy of reflexivity and how it affects the markets
  • The effects of High-Frequency Trading and technology on trading?

…and more.

Today’s show is hosted by Kirk Chisholm.

Investing Resources:

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

The Debt Mindset: Debt Resolution, Bankruptcy, Student Loans, and More

You should love your debt.

That’s the message from Leslie H. Tayne, Esq., a debt resolution attorney.

She explains some of the technical issues that exist with debt but also dives deep into the mindset of how debt can impact more than just your finances.

You will also learn about the signs for when you might consider contacting a debt resolution company or service in today’s episode.

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Leslie H. Tayne:

Leslie H. Tayne, Esq. is an award-winning financial attorney and Author of Life & Debt: A Fresh Approach to Achieving Financial Wellness. She has over 20 years of experience in consumer and business financial debt solutions which include negotiations with large international banks and credit agencies for loans, lines of credit, credit cards and student loans.

Leslie is the founder and managing director of Tayne Law Group, P.C., a law firm headquartered in New York dedicated to debt solutions. Leslie is a frequently sought-out for her expertise on financial, credit and debt topics and as a speaker, she regularly provides insight and strategies regarding all areas of debt and credit-related solutions.

For more information, please visit www.taynelaw.com

Resources and where to find Leslie H. Tayne, Esq.

Linkedin: linkedin.com/in/leslietayne

Facebook: facebook.com/TayneLawGroup/

Twitter: twitter.com/LeslieHTayneEsq

Tayne Law Group Twitter: twitter.com/taynelawgroup

Tayne Law Group Instagram: instagram.com/taynelawgroup

 

Today’s Panelists

Kirk Chisholm | Innovative Advisory Group

Kelly Coughlin | Everyday CPA

Natalie Pine | Briaud Financial Advisors

Miranda Marquit | Planting Money Seeds

Stan The Annuity Man Hates Annuities… Find Out Why

“Annuities are not bought, they’re sold.”

Stan “The Annuity Man” Haithcock knows all about annuities and he explains why there is so much negativity around this financial product.

Variable, fixed, immediate, indexed: It can all be confusing to an investor who doesn’t understand the industry jargon. Have you ever considered that maybe it is not an accident that annuities are confusing?

“If you are looking for market returns, you should never ever ever buy any type of annuity. If you are looking for income or principle preservation, or maybe some long term care issues, then an annuity may fit.”

These are the two most important question you need to ask before you buy an annuity:

1. What do you want the money to contractually do?
2. When do you want those contractual guarantees to start?

Find out why on our show…

 

Listen to the interview here:

After you listen to our interview with Stan, make sure you check out part 2 of this episode where our panel of annuity experts discusses annuities. There is some disagreement on the panel about some of the topics Stan discussed. You don’t want to miss this exciting 2 part episode.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

Today’s Guest, Stan “The Annuity Man” Haithcock:

Stan “the Annuity Man” HaithcockStan The Annuity Man is America’s top independent agent & annuity educator. He is licensed in all 50 states, has published 7 books on the subject, and has written over 400 articles on the controversial annuity topic.

Known as “the walking middle finger of annuity truth”, Stan only focuses on the contractually guaranteed transfer of risk benefits that annuities can provide. He has offices in Ponte Vedra Beach & Las Vegas and has over 3 decades of experience in the financial services industry.

Website: www.stantheannuityman.com

Stan’s Books on Amazon:

If you want free copies of these books you can go to this page and request physical copies

Stan “The Annuity Man” Hates Annuities (Part 2) — The Panel Portion of Our Show

After you listen to the Interview with Stan “The Annuity Man” Haithcock, check out Part 2 of this episode where our panel gives you their thoughts. If you thought Stan’s opinions were strong, wait till you hear the opinions of our panelists. We have a wide variety of opinions on annuities on this week’s panel. There is no better way to get to the truth than to get well-rounded opinions.

Listen to the panel portion of the show here:

On this week’s panel, we have…

Today’s Panelists

Miranda Marquit | Planting Money Seeds

Kristin Shea | Kristin Shea

Kirk Chisholm | Innovative Wealth

Tim Picciott | The Liberty Advisor

Episode Resources:

Passive Cash Flow Real Estate Investments with Lane Kawaoka

Lane Kawaoka recently quit his job because he’s built an income from real estate investments.

He shares the journey to owning more than 2,100 units across the United States while living in Hawaii. Lane’s mission is to help hard-working professionals out of the rat race by reverse-engineering the wealth building strategies of the rich. You can hear some of those strategies on his podcast, Smart Passive Cash Flow.

Then our panel discusses the various ways to invest in real estate, including “live-in flipping”, crowdfunding, tax liens, lease options, and self-directed IRAs.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Lane Kawaoka:

Lane Kawaoka currently owns 2,100+ units across the US. He lives in Hawaii and, at the time of this interview, was still working as a Professional Engineer with a MS in Civil Engineering & Construction Management and a BS in Industrial Engineering. However, he recently left his job to focus on real estate investing.

Lane partners with investors who want to build their portfolio, but are too busy to mess with “tenants, toilets, and termites” by curating opportunities in his “Hui Deal Pipeline Club” where his investors have personal access to him and know that Lane is personally putting his money on the line too. The Hui Deal Pipeline Club has acquired over $155 Million dollars of real estate acquired by syndicating over $13 Million Dollars of private equity since 2016.

Lane reverse-engineers the wealth-building strategies that the rich use to the middle class via the SimplePassiveCashflow.com podcast. Lane’s mission is to help hard-working professionals out of the rat race, one free strategy call at a time.

 

Visit Lane’s website and podcast: SimplePassiveCashflow.com

 

Today’s Panelists

Kirk Chisholm | Innovative Advisory Group

Miranda Marquit | Planting Money Seeds

Mindy Jensen | Bigger Pockets

Kelly Coughlin | Everyday CPA

 

Financial Literacy For Kids: Teaching Your Kids To Invest – Interview With John Lanza

Are you making these money mistakes with your kids?

What are the best ways to bring up the concept of saving and investing with your kids?

John Lanza joins us in this episode to talk about financial literacy for kids. He talks about topics such as, age-appropriate conversations about money, allowance, and how important it is to have your kids learn how to save up for a goal at an early age.

He talks about some of the basics that you should teach your kids are: needs vs wants, smart money choices, saving for goals, the importance of them making mistakes for themselves, charity, and why being thoughtful about money is important.

Additional topics John discusses on the show:

  • How you should teach your children to save for goals.
  • How do you introduce the concept of investing to your kids?
  • The best way to teach your kids about charity
  • Learn how your kids can pay themselves first with a spend smart jar.
  • Using physical cash vs. a digital allowance
  • What should your kids be financially responsible for,
  • The importance of autonomy

 

Then the panel discusses kids and investing.

 

Resources mentioned:

Drive – The Surprising Truth About What Motivates Us – Daniel Pink

The Century of Enslavement: The History of the Federal Reserve

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, John Lanza:

John is Chief Mammal, Creator of The Money Mammals and author of The Art of Allowance.

He is on a mission to help families raise money-smart, money-empowered kids so that they can live happier, more fulfilled lives.

Pick up The Art of Allowance kit or book at his website, https://themoneymammals.com

Today’s Panelists

Miranda Marquit | Planting Money Seeds

Jackie Beck | JackieBeck.com

Kirk Chisholm | Innovative Wealth

Tim Picciott | The Liberty Advisor

Tax Loopholes for the Rich #1: Economic Opportunity Zone – Interview Matt Chancey CFP

Have you heard of Economic Opportunity Zones?

No? Think that only the uber-rich learn about great tax strategies? We will fix that today.

Welcome to the first episode of a new series on our show called: Tax Loopholes Of The Rich.

I cannot think of a better person to start this series than Matt Chancey, CFP. You are going to love this show.

Economic opportunity zones are one of the few bipartisan-supported bills to come out of government recently. It has the potential to both help invest in economically disadvantaged areas and for the wealthy to get some great tax advantages. Win-Win!

Just sell a business or highly appreciated asset? Learn how this is one of the only ways you can get tax benefits AFTER you sell your low-cost basis assets. Want to learn more?

Listen to this weeks episode on Economic Opportunity zones with Matt Chancey to find out about this truly great tax benefit.

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Matt Chancey, CFP®:

Matt works with high income and high net worth clients nationally to legally reduce taxes on income or capital gains. He starts with tax reduction strategies to determine which best fit the client’s unique situation and often leads into a more comprehensive financial planning or investment management solution that looks not just at what his client’s make, but how they keep more of it.

Matt has been in the finance industry for over 15 years and as well as working directly with high profile clients, he is highly sought after for education, teaching, and guest speaking within the industry. He is a respected advisor and has been featured in many national media outlets including the Orlando Sentinel, The Wall Street Journal, ABC, NBC, CBS, Fox News, CNBC digital, Bloomberg, and Investment News.

Advanced Tax Planning requires a combination of timing, shifting, and IRS codes in combination with tax-advantaged products. Matt Chancey has developed a financial planning process that starts with the ability to defer, reduce or eliminate taxes on income or capital gains. Which allows clients to develop exponentially more wealth purely from tax savings; we call this the tax-alpha advantage.

Our model works in a collaborative nature with other professional advisors such as attorneys, CPAs & EAs, Sell-side M&A and commercial real estate professionals. Our strategies offer clients the ability to retain more of the net proceeds from the sale. If your practice works with clients that are in the top 10% of income or assets – our strategies can drive massive value for your clients and therefore your firm.

To learn more visit MattChanceyLive.com

Today’s Panelists

Kirk Chisholm | Innovative Wealth

Miranda Marquit | Planting Money Seed

Tim Picciott | The Liberty Advisor

For a quick bio of each of our show participants, head on over to our panelists’ page.

Please send us your questions and feedback so we can make this a better show for you: MoneyTreePodcast.com/contact

Don’t forget our monthly promotion. In order to have a chance to win, please complete this quick 1-minute survey: MoneyTreePodcast.com/survey

Special Needs Trusts with Brynne Conroy – PLUS Asset Protection and we try to make insurance sexy

Brynne has one child with special needs. How does this change the way she does her financial planning and investing?

In general, her plan is to “save everything”. But even doing that, Brynne says she does not “max out my retirement accounts to a point where I feel that an ABLE account or Special Needs Trusts are necessary or necessarily financially viable.”

ABLE stands for “Achieving a Better Life Experience Act”, which are tax-advantaged savings accounts for individuals with disabilities and their families

Listen in as Brynne explains how ABLE accounts work, how someone would benefit from having an ABLE account, and how she’s working to live a beautiful life within the choices and parameters available to her.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Brynne Conroy:

Brynne Conroy is the author of the Feminist Financial Handbook and the mother of a special needs child. She started writing about money when she didn’t have any.

As she figured out ways to save more and earn more, she shared them with the world on her award-nominated blog–Femme Frugality–and progressively climbed up the economic ladder.

Six years later, she continues to run the blog while contributing to personal finance and parenting publications both in print and on the web.

Website: https://femmefrugality.com
Book: The Feminist Financial Handbook on Amazon
Facebook: https://www.facebook.com/Femme-Frugality
Instagram: https://www.instagram.com/femmefrugality
Pinterest: https://www.pinterest.com/femmefrugality

Today’s Panelists

Miranda Marquit | Planting Money Seed

Kirk Chisholm | Innovative Wealth

For a quick bio of each of our show participants, head on over to our panelists’ page.

Send us your questions for a future Listener Letters episode

 

Kate, congratulations from everyone here at Money Tree Investment Podcast. Thank you for participating in our March Madness promotion. We hope you use the gift card to invest in your life.