It's All Money

Ok Cypto Bros, with the 100k milestone upon us, it's finally time to do an episode on Bitcoin. As basic an episode as possible, because while host Daren Blonski CFP® has been wise to the coin world for some time, co-host Dano Weir only knows what he's seen in a few headlines. So for educational purposes only, let's have a based conversation about the coins that exist but you can't hold in your hand. Maximalists will probably laugh and deniers might scoff. We just want to have an open conversation about the 7th largest asset class in the market. This episode is perfect if you know nothing about crypto and at least want to know what people are talking about.

Full video on our YouTube Channel

If you're new to Sonoma Wealth, book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis

CHAPTERS
0:00 Cold Open: The Mario Coin Riddle
2:12 Welcome to It's All Money
3:23 What Is Crypto, Really?
7:06 Creating Coins Out of Thin Air: Public and Private Keys
9:14 Cash vs. Bitcoin: The ATV Purchase
12:00 The 21 Million Cap and the Case for Scarcity
14:43 Splitting Bitcoin and Why It Can't Be Shut Down
17:54 Bitcoin Culture and How Daren Got Hooked
19:57 Is Bitcoin Used for Illegal Transactions?
20:52 Can Bitcoin Be Hacked? Exchanges, Mount Gox, and Regulation
23:38 A Bitcoin ATM in a Petaluma Market
25:28 Is Bitcoin More Dangerous Than Traditional Currency?
28:26 Bitcoin ETFs Explained Through Gold
32:14 Hodling, Lost Wallets, and the Coins That Never Move
35:58 What Happens If the Dollar Recalibrates?
37:12 Echoes of 2008 and the Birth of Bitcoin
39:29 How Bitcoin Mining Actually Works
44:06 Debunking the Bitcoin Energy Myth
46:11 Digital Photos as an Analogy for Cash and Crypto
46:59 The Dollar Is Being Inflated Away
48:14 Should You Add Bitcoin to Your Portfolio?
49:10 Everything Is Backed by Belief
51:20 The Bitcoin Landfill: James Howells' Lost Fortune
52:47 The Forgotten Password Worth $190 Million
54:06 A 1708 Shipwreck and the History of Lost Wealth
55:50 NFTs, Scams, and Spotting Bitcoin Maximalists
58:40 Wrap-Up and Disclosure

Refrences:
https://www.investopedia.com/terms/c/cryptocurrency.asp
https://www.nerdwallet.com/article/investing/cryptocurrency
https://en.wikipedia.org/wiki/Cryptocurrency
https://www.imf.org/en/Blogs/Articles/2024/08/15/carbon-emissions-from-ai-and-crypto-are-surging-and-tax-policy-can-help
https://www.bbc.com/news/articles/cgr0dyy152jo
https://www.msn.com/en-us/money/markets/analyst-warns-of-leverage-driven-xrp-pump-as-token-flips-tether/ar-AA1v5Enr
https://www.history.com/news/san-jose-shipwreck-battle-2
https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp

In the spirit of Thanksgiving, Dano and Daren discuss both data-based and anecdotal evidence how practicing gratitude could possibly benefit your health, wealth, business and more.

Full video on our YouTube Channel

If you're new to Sonoma Wealth, book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis

CHAPTERS
0:00 Cold Open: Hosting Duties and an Alphabet Soup of Letters
0:13 Welcome to It's All Money
0:25 A Thanksgiving Episode on Gratitude
1:10 The Science of Gratitude: Two Key Parts
2:45 Health Benefits Backed by Research
3:44 Daren's Disneyland Confession
4:08 The Smile Exercise and Losing His Dad and Brother
7:19 Dano's Grind Mentality and the Risk of Burnout
9:33 "It's All a Story": Choosing How We Respond
13:28 How Long-Distance Running Rewired Dano's Mindset
15:09 Gratitude as a Muscle: Coaching His Son
15:59 Bringing Gratitude Into the Business World
16:23 Frank's Story: Grace Through a Terminal Diagnosis
19:11 Larry Fitzgerald and the Power of Genuine Curiosity
21:07 The Meat Counter Moment
22:09 Curiosity as a Superpower, With an Honest Intention
23:20 Losing His Voice and Finding the Right Acupuncturist
25:24 Referrals, Creating Value, and Letting Money Follow
26:27 What Are You Grateful For This Thanksgiving?
27:22 Family, Health, and the 49ers
28:58 Wrap-Up and Disclosure

References:
https://www.si.com/college/pittsburgh/football/pitt-panthers-larry-fitzgerald-highest-paid-wr-nfl-history
https://bakadesuyo.com/2011/12/who-makes-more-money-nice-people-or-mean-peop/
https://www.wsj.com/articles/SB10001424053111904823804576502763895892974
https://www.sciencedaily.com/releases/2011/11/111102125648.htm
https://ggsc.berkeley.edu/images/uploads/GGSC-JTF_White_Paper-Gratitude-FINAL.pdf
https://www.businessinsider.com/gratitude-makes-you-rich-2015-2
https://www.mindful.org/the-science-of-gratitude/

Well...Tuesday November 5th has come and gone, and as expected some people are excited and others are fearful. We try and keep our shows focused on finance, not politics. But considering the weight of the event and the concerns and opinions floating around, we decided to do an episode about the financial implications of the election. Headlines can be deceiving, and it's natural to draw conclusions as national events happen: "Markets do better under (insert party name)" or "I heard (insert industry) is going through through the floor." But is that really true? What does the data from the past say? Are there more important business factors than the Presidency? With respect for wherever you fall on the political spectrum, host Daren Blonski CFP® and Marketing Director Dano Weir take a look at what the market and economic data might be telling us about the next 4 years for portfolios.

Full video on our YouTube Channel

If you're new to Sonoma Wealth, book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis

CHAPTERS
0:00 Cold Open: Teasing an Election Episode
0:43 Welcome to the Conference Room: Framing the Discussion
1:10 A Delicate Topic, Two Days After the Election
1:56 The Scope: Portfolios and the Economy, Not Politics
2:52 Episode Title Reveal: Portfolios Don't Care Who's President
4:18 Common Misconceptions: Bitcoin, EVs, and Big Tech 4:37 Trump's New Advisors vs. the First-Term Neocons
7:10 S&P 500 Performance By Presidential Party
8:06 Trump's Tough Inheritance: A Market Already High
8:48 The 800-Pound Gorilla: Why Both Parties Keep Printing Money
9:39 Inflation and Unemployment, Democrat vs. Republican
10:13 Reading Between the Lines on Jobs Data
12:43 The Newsweek Headline: Democrats vs. Republicans and Stock Returns
14:26 The Real Lesson: Stay Invested, Don't Time Elections
14:45 The PwC Pulse Survey: What CEOs Actually Expect
16:28 Beyond the President: State and Federal Agencies Rank Higher
17:14 Perspective: The Presidency's Limits and Checks on Power
18:11 Larry Fink: "I'm Tired of Hearing This Is the Biggest Election"
19:03 Wrapping Up: What This Episode Was (And Wasn't) About
19:43 Daren's College Story: Why Systems Outlast Any One Person

References:
https://www.pwc.com/us/en/library/pulse-survey/executive-insights-election-2024.html
https://finance.yahoo.com/news/blackrocks-larry-fink-says-us-143857961.html
https://www.cnbc.com/2024/11/07/heres-how-much-control-the-president-has-over-the-us-economy.html
https://www.visualcapitalist.com/sp/democrats-vs-republicans-does-it-matter-to-the-market/
https://www.newsweek.com/investors-money-democrats-white-house-stock-market-1976552

It's a story you've heard before- you've got back pain, or knee pain, perhaps from running or too many years stuck at a computer. When you have a medical concern, if you have health coverage, you go to your health system, and whatever solution they present is all of what's available and is ultimately right for you. ...right? Host Dano Weir challenges that thesis this week on It's All Money, with Doctor of Physical Therapy Josh Madonick DPT, PT, CSCS, Founder of Basecamp Physical Therapy in Petaluma, CA. Depending on the condition, what if there were other options out there? What if you didn't have to get surgery? What if it cost money over several sessions to figure that out? What if it was...$400? Or $950? What if it cost less? More? Would you take that financial risk? Would the reward of no pain or no surgery be worth it to you? Spoiler alert- this episode is not about an advocation one way or the other. We know many doctors and nurses within big health systems who do great work, and are just trying their best with a big patient load. The goal of this episode is to spur consideration of the idea that your financial plan and your health span might be more closely linked than you think! We hope you find it educational and stimulating to further thought.

Full video on our YouTube Channel

It's All Money is powered by Sonoma Wealth Advisors Learn more about Sonoma Wealth here: https://sonomawealthadvisors.com/

Learn more about Josh and Basecamp Phyiscal Therapy here: https://bcperformanceco.com/

CHAPTERS
0:00 The Cold Open: A Loaded Question
0:28 Live in East Petaluma With Dr. Josh Madonick
2:11 What Is Basecamp Physical Therapy?
3:08 Dano's Own Story: A Running Injury and a Bad Diagnosis
4:47 Meeting Josh at a Running Club
5:59 The Fix That Actually Worked
7:37 Why Doesn't Josh Take Insurance?
9:34 How Insurance Fee Schedules Distort Patient Care
11:37 Cash PT vs. Insurance PT: What You're Really Paying For
12:47 How Untreated Pain Cascades Into Bigger Health Costs
14:33 Client Story: Jane and the Meniscus Tear
18:35 Josh's Path to Petaluma
20:37 Why Josh Left a Desk Job for Physical Therapy
22:39 Building Health Span, Not Just Lifespan
23:49 Running a Business: Team, Failures, and Growth
27:32 A Big Success and the Community That Helped
30:57 Wrap-Up and Disclosures

Broker, money manager, wealth manager, private banker, accountant, stock broker, investment advisor...financial services has so many titles for very similar positions. Host Dano Weir dives into a perhaps more important word that begins with F, FIDUCIARY. What is it? How is it different than a Broker? Why does that matter for YOU? Sonoma Wealth's Managing Principal Chris Sipes CFP® and Director of Growth Rachel Schuyler have both seen the various twists and turns of the industry throughout their career. They join Dano to help YOU understand the three main divisions in the financial services industry, how they're paid and what may or may not be the best fit for you.

Full video on our YouTube Channel

If you're new to Sonoma Wealth, book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis

CHAPTERS
0:00 The 15 Names for the Same Job
0:49 Welcome to the Sonoma Wealth Advisors Conference Room
2:38 Meet the Guests: Rachel Schuyler and Chris Sipes, CFP®
4:55 Where the Word 'Broker' Actually Comes From
6:05 How Broker-Dealers Make Their Money
9:32 Fund Families and the Menu of Mutual Funds
10:40 A Real Example: Selling the Bond Fund With the Most Commission
14:20 Introducing the RIA and the Fiduciary Standard
15:41 How Fee-Based Advisors Actually Get Paid
19:53 Asset Management vs. Financial Planning: What's the Difference?
23:25 The Fitness Analogy: Coach vs. Meal Plan
25:21 Where Insurance Agents Fit Into the Picture
27:39 Captive Agents vs. Independent Agents
30:02 The Three Duties of a True Fiduciary
32:10 When a Client Insists on a Bad Idea Anyway
33:46 Rachel's Verdict: Fiduciary vs. Her Old Job
34:59 Wrap-Up and Disclosures

References: https://analyzingalpha.com/stock-brokerage-history
https://www.etymonline.com/word/broker https://www.oed.com/dictionary/stockbroker_n?tab=etymology-paywall
https://www.letsmakeaplan.org/choosing-a-planner/fiduciary-duty-your-interests-should-come-first

Risk tolerance probably doesn't feel like a key to financial success for you. Did you know your reported risk tolerance could determine where and what investments your entire portfolio goes into? Hosts Dano Weir and Daren Blonski, CFP® sit down with Sonoma Wealth Financial Advisor Shelby Wirick for a first-hand account of how her client's answers about risk tolerance determine what can ultimately happen with their portfolio. Find out right here on this episode of It's All Money.

Full video on our YouTube Channel 

If you're new to Sonoma Wealth, book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis

CHAPTERS
0:00 Cold Open: Dad Jokes and a Board Game Called Risk
0:58 Introducing Shelby Wirick and Today's Topic: Risk Tolerance
1:27 What Is Risk Tolerance, Really?
2:54 A Quick History Lesson: How Wall Street Created the Risk Score
4:30 How a Risk Tolerance Score Actually Gets Built
5:26 The 'Puke Point' Test and the 0-100 Risk Scale
8:02 Risk Tolerance vs. Risk Capacity: What's the Difference?
9:12 The 'Rule of Thirds' and Why Most Investors Get Burned
10:17 When Someone's Risk Tolerance Doesn't Match Reality
12:17 Types of Portfolios: Ownership vs. Loanership
14:32 Why Diversification Matters (and the Starbucks Example)
17:16 Most Investors Are Concentrated in U.S. Stocks
20:12 Investing Is Emotional, Not Just Math
20:52 Two Client Scenarios: When Tolerance and Capacity Are Out of Sync
22:58 FOMO, YOLO, and Chasing the Hottest Stock
24:39 Why This Conversation Is at the Core of Financial Planning
26:33 Wrap-Up And Disclosures 

References: https://www.bankrate.com/investing/what-is-risk-tolerance/#how-to-determine-your-risk-tolerance

FOR THE RECORD- this episode was recorded on Aug 21 2024. And just so happens to mention why Daren Blonski, CFP® typically in his experience advises against big portfolio moves in September/October.

But why?

Believe it or not, after years of doing this, Daren has noticed some unbelievably, potentially HUMAN excuses and cycles in the stock market. Often referred to as "Seasonality" these tropes are not a rule, but seem to be true more often than not. What's the "santa rally"? Why would things "go away in May"? And why is Fall potentially a "fall" ? 

Hosts Dano Weir and Daren Blonski, CFP® dig in on the seasonality of the market in this episode of It's All Money.

Book your Wealth Analysis right here

Full video available on our YouTube Channel 

CHAPTERS
0:00 Cold Open: The Trading Rule Daren Won't Explain (Yet)
1:28 Why Market Psychology Matters More Than the Numbers
4:08 What This Episode Is Really About: Demystifying Seasonality
5:25 Retail vs. Institutional Investors: Who Really Moves the Market
7:31 What Is Market Seasonality, and Does the Data Back It Up?
8:05 Systemic Risk vs. Asymmetric Risk, Explained
8:39 The Monthly Return Chart: Why January Looks Like New Year's Resolutions
10:33 California Reservoirs, Sunshine, and Emotional Investing
11:32 The September/October Selloff, and Why It Happens Almost Every Year
12:53 Trading Volume and the Slow Summer Market ('The August Float')
14:12 Why the Market Often Rallies Into Year-End
16:21 'Sell in May' and Other Trading Sayings, Tested
17:35 Why Surviving Downturns Matters More Than Timing Them
18:55 The Role of a Financial Planner When Emotions Take Over
20:18 The West Coast Trading Day and Where 'False Signals' Come From
25:55 The Vanguard Study on Behavioral Coaching ('Advisor's Alpha')

References: https://www.thestreet.com/dictionary/retail-investors https://www.investing.com/analysis/sell-in-may-and-walk-away-not-this-year-121730

An episode on CDs? Before you fall asleep, ask yourself: why are some clients seeking Certificates of Deposit in this high interest rate environment? How do they differ from Money Market accounts? Are they actually "no risk", "low risk" or something else? And just what is the risk of a CD or Money Market? Hosts Dano Weir and Daren Blonski, CFP® dig in to the investment you thought you didn't care about, CD's on this episode of It's All Money.

Full video available on our YouTube Channel

Learn more about how Sonoma Wealth helps individuals and families here: https://sonomawealthadvisors.com/book-your-wealth-analysis

CHAPTERS
0:00 Cold Open: Why We're Doing an Episode on CDs
0:59 So What's the Actual Risk of a CD vs. a Money Market?
3:23 What Is a CD, Really? A Quick History Lesson
4:18 FDIC Insurance: What's Actually Covered, and Since When
5:33 Silicon Valley Bank and the Real Risk of a Bank Run
7:31 Money Markets Are Mutual Funds, Not Bank Deposits
9:25 How Money Markets Have Changed Since the 1980s
13:41 CD vs. Money Market: Comparing the Numbers Side by Side
15:14 The Risk Curve: Institution Risk, Government Risk, and More
16:24 Understanding the (Inverted) Yield Curve
23:23 Election Uncertainty and Predicting Where Rates Go Next
25:43 CD Laddering: Spreading Your Money Across Durations
28:12 The Real Risk of a CD Isn't Default, It's Opportunity Cost
28:58 Building a Cash Strategy That Fits Your Actual Plan
32:23 Wrap-Up

References: https://www.investopedia.com/when-were-certificates-of-deposit-invented-5224230 https://www.forbes.com/advisor/banking/money-market-account/what-is-a-money-market-account/#:~:text=Money%20market%20accounts%20were%20created,interest%20rates%20on%20consumer%20deposits

Back to school costs are hitting all-time highs, but just what does that mean for the average family? Daren and Dan break down the averages category by category, float a theory about what's driving them, and reveal the shocking real-life test Dan ran that showed how your choice of store could increase your prices by 155%.

CHAPTERS
0:00 The 'Glow Up': Why Back-to-School Shopping Feels Like Christmas
2:43 The Real Numbers: What Families Are Actually Spending in 2024
4:42 Graphing Calculators, Jordans, and the Price of Keeping Up
8:48 College Costs and a Professor's Wild Grading Story
10:44 Why $1,000 Doesn't Buy What It Used To: The Inflation Angle
11:58 Back-to-School 'Layaway' and the Scale of the Spending Problem
15:08 Social Pressure, FOMO, and Spending Like Everyone Else
19:46 The Experiment: Same School Supplies, Dollar Store vs. Big-Box Store
22:44 The Bigger Lesson: Not Being a Victim to the Spending Cycle
24:03 Quick Hitters: Small-Cap Stocks, Mortgage Refinances, and the AT&T Data Breach

Video available on our YouTube Channel

If you're new to Sonoma Wealth, book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis

References: https://www.marketwatch.com/story/families-will-spend-as-much-on-back-to-school-shopping-this-year-as-they-do-on-holiday-shopping-that-hurts-c4924bd1
https://www.nerdwallet.com/article/shopping/2024-back-to-school-shopping-report
https://www.cnbc.com/2024/01/24/many-americans-cannot-pay-for-an-unexpected-1000-expense-heres-why.html https://capitaloneshopping.com/research/back-to-school-shopping-statistics/

You were born into this world and there just, was all this stuff- Nasdaq, S&P, futures, interest rates, bonds and now crypto. Did you ever wonder where it all came from? WHY it all came from? It's All Money Host and Sonoma Wealth Marketing Director Dano Weir sits down with Sonoma Wealth Co-Founder Chris Sipes CFP®, AIF® to discuss a tiny history of markets, why they happen and why they'll likely always happen. Plus enjoy a STUNNING story on why tulips in the Netherlands in the 1600s might mirror some of the biggest booms and busts in the history of the stock market.

CHAPTERS
0:00 Meet Chris Sipes: A Non-Historian Tackling Market History
2:14 Why Markets Have Existed As Long As Humans Have
3:15 The Pogs Craze: A Kid's-Eye View Of Speculative Trading
7:55 The Dutch East India Company And The Birth Of The Public Stock Exchange
10:11 Tulip Mania: The First Recorded Speculative Bubble
14:43 Why Humans Keep Repeating The Same Bubble Behavior
16:35 From Beanie Babies To NFTs: The Financial Torch Passes To Wall Street
21:54 Mortgage Securities And The Cycle Of Crisis And Regulation
23:52 What 400 Years Of Market History Teaches A Financial Advisor Today
26:59 Wrap-Up And Disclosures

Full video on our YouTube Channel


Learn more about Sonoma Wealth here: https://sonomawealthadvisors.com/
Book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis


References: https://blogs.uoregon.edu/pogsforfun/
https://en.wikipedia.org/wiki/Buttonwood_Agreement
https://en.wikipedia.org/wiki/Tulip_mania