Tag: Inflation Protection

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Understanding Wealth Erosion Factors: The Hidden Forces at Play (Ep. 48)

Understanding Wealth Erosion Factors: The Hidden Forces at Play (Ep. 48)

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What is wealth erosion, and how does it silently put you on a financial treadmill?

Discover how seemingly small factors can amount to a massive impact on long-term success.

Listen in as Jim McGovern explains why money and math don’t always align and how various factors, such as taxes, inflation, and certain choices, can gradually erode wealth over time. Using relatable analogies, like the slow formation of the Grand Canyon and the lifecycle of apples, Jim illustrates how small, seemingly insignificant elements can significantly impact your financial future. Tune in to learn actionable strategies for protecting and growing your wealth, the importance of understanding opportunity costs, and why the process of managing money is more critical than where you invest it.

Key Highlights:

  • Math vs Money: Why math and money don’t always work align and how this misconception can be costing you.
  • Erosion Factors: Discover how taxes, inflation, and lifestyle changes can subtly drain your wealth over time
  • Opportunity Cost: Understand the importance of opportunity cost in making sound financial decisions
  • Process vs Products: Learn why the process of managing money matters more than the specific financial products chosen.
  • Proactive Planning Today: Why taking action now is so critical.
  • Plus, so much more!

Connect with McGovern Wealth Group:

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Alternative Investments for a Diversified Portfolio with James Costabile, CAIA (Ep. 25)

Alternative Investments for a Diversified Portfolio with James Costabile, CAIA (Ep. 25)

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Alternative investments can be a very attractive option, but it’s critical to consider the requirements each individual should meet and the risks involved before entering the space.

In this episode, Jim McGovern speaks with James Costabile, Managing Director and Head of Alternatives Distribution on iCapital’s Private Wealth Solutions team. James gives a broad overview of the alternative investing space. He details the pros and cons of private equity, private credits, real estate, infrastructure, and hedge funds as options for investors.

James discusses:

  • The background and mission of iCapital and their focus on teaching clients and advisors about alternative investments
  • An overview of the private equity space, its importance in iCapital, and a comparison with the public sector
  • Different options available for investors in private equity 
  • Benefits and risks to consider before entering private equity space
  • The differences in liquidity between open-ended mutual funds, closed-end registered funds, and unregistered private funds
  • Private credit investments, with an emphasis on careful credit analysis and selectivity in lending
  • Why companies prefer getting funds via private credit rather than the traditional bonds
  • How real estate fits into a portfolio, which offers diversification and durable yield
  • The different types of hedge funds and how they can fit into a portfolio
  • And more!

Resources:

Connect with James Costabile:

Connect with McGovern Wealth Group:

About our Guest:

James Costabile is a Managing Director and Head of Alternatives Distribution on iCapital’s Private Wealth Solutions team. He oversees a team of regional sales and national accounts professionals that work with top registered investment advisors, financial advisors, and financial intermediaries. He and his team deliver industry-leading alternative investment education, research viewpoints, and investment capabilities across hedge funds, private equity, private credit, and real estate strategies. 

James brings more than 25 years of financial services experience and began working with alternative investment strategies in 1997. Over this time, he has held roles across sales, marketing, and product management at Citi / Smith Barney, Merrill Lynch and most recently, Morgan Stanley Investment Management. He graduated from Fordham University with a Bachelor of Science, holds FINRA Series 7, 24, and 66 licenses, and is a CAIA charter holder.

Podcast: Play in new window | Download (Duration: 51:54 — 41.6MB) | Embed

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