Last week, we discussed the Federal Reserve’s recent meetings where they signaled a willingness to allow a rise in inflation over the next 10-20 years. We received a lot of good feedback and follow up questions, and as a result are following up in a part two this week where we can address a few of the implications for investors. Our managing partner, Brandon Averill, is joined again by our Chief Investment Officer, Justin Dyer to discuss: • With the Fed signaling that they would likely allow inf...
Sep 22, 2020•5 min•Season 2Ep. 29
Athlete CEO Podcast Advice All Pro Athletes Need Former NFL TE and Super Bowl Champion Zach Miller knows firsthand how unprepared athletes are for money management and even more unprepared to enter the workforce after their playing careers. That’s why he’s decided to pursue wealth management as a career after the NFL. His goal is to help equip athletes with the same knowledge he wished he had when he played. Many in the financial business have given up on pro athletes, that’s why Zach Miller has...
Sep 17, 2020•29 min•Season 4Ep. 9
You might be familiar with the terms “inflation” and “deflation,” but do you know how they positively and negatively impact us as investors? About 2 weeks ago, the Federal Reserve held a virtual conference where they said they would be willing to let inflation run higher over a certain period of time to make up for lower inflation we’ve experienced in the recent past. So, over the next 10 years they could target a higher inflation rate than has previously been seen. To understand how this might ...
Sep 15, 2020•9 min•Season 2Ep. 28
Recent headlines are reporting massive drops in tech industry giants like Apple, which dropped last week by a little over 9% - roughly $150 billion of market value, and Tesla is down again this week after a similar fall last week. Have they reached the bottom? As we have said before – there is no crystal ball to determine that. However, there are investing concepts that are critical to understand to better weather volatile seasons like 2020 has turned out to be that will help you shore up unnece...
Sep 08, 2020•8 min•Season 2Ep. 27
Athlete CEO Podcast How to Coach and How to Be Coached What makes Derek Jeter who he is? What made him great? Coach Dana Cavalea is the former Director of Strength & Conditioning and Performance for the New York Yankees. He joins Brandon and Erik Averill on Athlete CEO to discuss what goes into a “Championship Mindset” and why mental balance is a key for success regardless of business or profession. Guest: Dana Cavalea “Habits of a Champion” Twitter https://danacavalea.com/ 2:12 Define what ...
Sep 03, 2020•58 min•Season 4Ep. 8
With an estimated $44 billion worth of startups like Snowflake , Unity Software , JFrog , Sumo Logic and Amwell going from private to public right now, is it time to try and strike it rich by investing in the next unicorn company during its initial public investment (IPO) phase? If you only got your investment advice from the mainstream media, you might assume that this is the best way to create massive wealth, but as you might have guessed, it’s not quite that simple. The private to public or -...
Sep 01, 2020•7 min•Season 2Ep. 26
Last Tuesday, the S&P 500 hit a record high after a sudden and unprecedented decline in the earlier months of the year. Much of the growth has been attributed to 5 big tech stocks, which we covered on a recent episode . As we’ve seen these 5 big tech stocks diverge, it’s made many investors ask if valuations even matter anymore? While these companies are enjoying their highest valuations ever, we see examples like Apple where their stock price has roughly tripled since early 2019, but so too...
Aug 25, 2020•8 min•Season 2Ep. 25
On this episode of the Athlete CEO, Erik dives into the debt side of Venture Capital with Founder, Operator, & current Chief Investment Officer of Trinity Capital, Kyle Brown. Trinity Capital provides smart debt for high growth venture-backed startups. Trinity’s portfolio is packed with successful companies including the likes of Impossible Foods, Fingerprint Digital, Birchbox and Untuckit. In a candid conversation Kyle shares his experiences ranging from nearly losing everything in 2008 to ...
Aug 20, 2020•45 min•Season 4Ep. 7
Are certain presidential candidates better for the stock market? If so, is there a “correct” party to vote for to improve the chances of stronger returns? We often hear political pundits offering advice or predictions around presidential election season, and suggest that the answer to both of these questions is unequivocally “yes.” There are certainly many ways political candidates impact our country, and because of that, it is extremely important we exercise our right to vote. However, as we wa...
Aug 18, 2020•10 min•Season 2Ep. 24
Recently in the headlines, we’ve seen a lot of attention around SPACs (special purpose acquisition company) due to some big names in the investing world doubling down on them this year. So far in 2020, 60 of the 95 IPOs in the US have come from these SPACs and they’ve raised $24 billion further cementing them as the preferred method for going public this year. So what exactly are SPACs and should you be investing in them? Brandon and Erik discuss this and more including: : What is a SPAC? How do...
Aug 11, 2020•7 min•Season 2Ep. 23
Kobie Fuller is the perfect venn diagram of the Athlete CEO – he was a track star at Harvard, used his background in tech to invest early in some of the top winners of emerging technologies including Oculus and Exact Target, and now works as a partner for Upfront Ventures where he continues to help discover and fund innovative tech companies. He has seen startups rise and fall and knows what it takes to be successful in founding a company, and shares with us what he’s seen over the years. He als...
Aug 06, 2020•47 min•Season 4Ep. 6
Most economic news continues to point to things not looking great – including a 2nd quarter contraction of US GDP by an annual rate of 32.9%. However, the stock market still seems to have some positive moves. What’s behind the majority of the returns in the public stock market? Tech companies like Apple, Microsoft, and Google. In fact, the disparity in the S&P 500 is from the 5 largest companies, which have accounted for all the growth, but the remaining 495 have been producing negative retu...
Aug 04, 2020•10 min•Season 2Ep. 22
Gold is a topic that tends to pop up anytime there’s uncertainty in the market or conversations of where the economy is headed. We’ve seen gold hit all-time highs over the past week joined with increased nervousness of the pending stimulus package in congress and upcoming elections. This has resulted in more voices who recommend investing in gold as a safe alternative to a volatile market. In this episode Brandon and Erik discuss some of the arguments made for investing in gold and potential alt...
Jul 28, 2020•8 min•Season 2Ep. 21
Growing a business, serving your community, taking a leap in your career, spending time with friends and family, developing a hobby - often our interests and desires overshadow the simple fact that there are only so many hours in a day. It can be hard to find time to tackle all our goals let alone find balance and mastery in our current commitments. Becca Van Dyck has proven it can be done. Becca jumped into her career head first with a 12-year stint at Wieden+Kennedy as Nike’s global account di...
Jul 23, 2020•37 min•Season 4Ep. 5
With a looming election this fall, an ongoing global pandemic, and companies declaring bankruptcy left and right; there is currently no shortage of speculation framed as certain advice everywhere you look. Mainstream media pundits and social media influencers alike are quick to share the latest stock tip, advice on market timing, speculations on bankrupting companies, or even urge you to exit the markets entirely and wait until they calm back down. While it is entirely likely there will be marke...
Jul 21, 2020•7 min•Season 2Ep. 20
One of the most important distinctions we like to make with our clients is that our primary job is not only investing. We re-center our clients’ definition of success by asking them if simply investing is the goal or if it’s actually to increase their net-worth after taxes and expenses? The answer is always: net worth. Investing is really just a means to an end. Our primary job, and the ultimate value we deliver, is in increasing our clients’ entire net worth. Unfortunately, the act of investing...
Jul 14, 2020•8 min•Season 2Ep. 19
As a professional athlete, all of your passion, focus, and attention is on your sport. However, whether it’s 5 years, or 20, it’s only a season of your life – what comes next? This week, Erik & Brandon are joined by Olympic legend Michael Johnson to discuss finding your passions beyond your sports career. Over his 12-year career as a professional athlete at the top of his sport, Michael became a household name as he earned 13 Olympic and World championship gold medals and broke world records...
Jul 09, 2020•38 min•Season 4Ep. 4
As you see in the major media and financial publications, earnings season is coming soon, but what does that mean for the typical investor? Articles and TV segments abound with the results and guidance of some of the best analysts in the business on their predictions of how some of the top companies are doing, but does that mean that you should be acting on those claims? Put simply, “earnings season” is the time in which most of the major publicly traded companies release their quarterly earning...
Jul 07, 2020•7 min•Season 2Ep. 18
Over the last couple weeks, we've seen the return with a vengeance of volatility in the markets with some of the biggest highs and lows in history all within a short time span. With these swings, we're starting to see non-investor voices give investing advice that really boils down to gambling. The message from these media personalities is loud and clear: now is the time for people to become active investors. Is there room for this type of investing? The answer revolves around your current situa...
Jun 30, 2020•10 min•Season 2Ep. 17
In this episode of the Athlete CEO Podcast, Erik sits down with Alex Mather, the co-founder of The Athletic. Valued at roughly $500 million The Athletic has disrupted the sports media world. They dive into the vision, strategy and tactics that led to the quick rise of dominance for the Athletic in a saturated market that seemed impenetrable. Alex offers advice and lessons learned from the founding of The Athletic covering topics like: The characteristics he learned growing up that helped give hi...
Jun 25, 2020•51 min•Season 4Ep. 3
With a spike in Coronavirus cases around the country, we continue to see multiple industries getting shaken including airlines, cruise ships, and travel destinations. Alternatively, we see the top tech companies (Google, Facebook, Microsoft, Apple, and Amazon) combined currently represent more than 20% of the S&P 500, which makes sense with more people than ever relying on technology to work and stay connected. As we continue to allocate investments, many are wondering if we should try to ma...
Jun 23, 2020•8 min•Season 2Ep. 16
The market has continued to bring surprises. In the last couple months we've seen one of the quickest recessions to one of the quickest recoveries then suddenly last week we saw a -6% down day in the market. In tandem with this market volatility, we've also seen many big name companies declare bankruptcy followed by their stock prices skyrocketing. In their wake have been more voices who have adopted a day trading approach claiming now is the time to buy these companies pretty much across the bo...
Jun 16, 2020•9 min•Season 2Ep. 15
We have all experienced moments of being in the zone. A state of deep focus and peak performance. Unfortunately, those seem to be difficult to string together. Instead, we find ourselves more distracted and exhausted than ever before. It’s time to take back your attention and focus on what matters most. In this episode of the Athlete CEO podcast, Erik has a conversation with Curt Steinhorst, bestselling author, Forbes columnist and leading expert in cultivating focus and minimizing distraction. ...
Jun 11, 2020•51 min•Season 4Ep. 2
On last week's episode, we started our conversation on the idea of ownership by defining risk and discussing some of the rewards that come along with the different types of risk you can take. Ultimately, this can be described as the upside of ownership. This week, we'll continue with part two where we'll explore the fundamentals of ownership and cover topics and questions like: What exactly are the fundamentals of ownership? How do we define ownership when it comes to investing? What does it mea...
Jun 09, 2020•11 min•Season 2Ep. 14
What should we be doing with our money right now? Over the last few weeks, we've covered topics that we've been asked about from our clients on real estate, private markets, and more. We've also been asked if now is a good time to consider cryptocurrency. However, these might be the wrong questions, at least in starting the conversation. Instead, we should start with our overall money goals - what do you want your money to do for you? The answer to this question helps us to determine an appropri...
Jun 02, 2020•10 min•Season 2Ep. 13
We've said that trying to predict markets is a dangerous game to play, so now that the country begins to open up - how do we answer the frequently asked question of what the market will do over the coming months? We typically start our response by revisiting why our clients are invested in the public markets in the first place. The answer should not be to try to make a significant return within the short-term - 12 or 18 months - but is most often the goal of generating wealth over the long-term....
May 26, 2020•9 min•Season 2Ep. 12
Welcome to season 2 of the Athlete CEO podcast! In this episode, we hear from Randy Newsom of X10 Capital who discusses the idea of betting on yourself in your sports career. Prior to X10, Randy was an associate in the Sports Litigation practice of Weil, Gotshal & Manges LLP. Before pursuing law, Randy had a 7-year career in the Red Sox, Indians, and Pirates organizations. We're thrilled to have Randy join us to kick off season 2 of the Athlete CEO podcast, and share some advice on navigatin...
May 21, 2020•57 min•Season 4Ep. 1
In recent weeks, we've seen a lot about how the stock market seems to be rallying, but the economy is doing poorly. As a result, we've received a lot of questions about how there can be a disconnect between those two entities. When the stock market is mentioned, many refer to the S&P 500, which only makes up only 44% of the U.S. economy. Whereas, when we discuss the actual economy, it encompasses all goods and services being produced. In this week's episode, Brandon and Erik discuss: A defin...
May 19, 2020•10 min•Season 2Ep. 11
Much of the initial emotion toward fluctuating markets has softened and our clients have begun asking great questions like "Should I invest in oil? Or real estate?" which we have been addressing the past few weeks in our Insights podcasts. This week, we wanted to focus our attention on some of the ways we do like to think about taking concentrated risks - specifically in the private markets. We've continually said that we believe in the public markets. However, for some of our clients who have s...
May 12, 2020•10 min•Season 2Ep. 10
While many states in the U.S. are beginning to relax social distancing practices, the future is still uncertain with some still wondering if there will continue to be drastic market fluctuations. This has sparked many to wonder whether they should stay in the markets at all in the face of potentially more downturns? Why not just return to the markets once they begin to normalize again? While market fluctuations can certainly be unsettling, trying to jump out of the markets before a potential dow...
May 08, 2020•6 min•Season 2Ep. 9
