The Northbound Wealth Podcast

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast.

Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics,  and personal finance!

This week's format:

Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth 

AAII.com | 16 Red Flags to Watch for in a Company's Financial Statements, by Charles Rotblut, CFA, Editor of AAII. 

Palantir (PLTR) - Q1 2025 Earnings release and discussion

Is it smarter to buy or rent a second home? 

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to  podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at  [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

This week's format:

1. Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

This week's format:

1. Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth
2. The Daily Wire | Apple Leads Manufacturing Pivot to India (April 30, 2025)
3. AAPL, AMD, NVDA, AMZN, MSFT, NFLX, GOOG - stock analysts and reviews from (JPM) and some additional comments.

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

This week's format:

1. Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth
2. S&P 500 Levels - Technical Spotlight
3. Comments by Brent Foster, CEO of Northbound Wealth
4. The intellectual and emotional discipline of staying in the markets, compounding, and the power of long-term investing in the S&P 500 as well as sticking with your hard-developed, long-term strategy.

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

This week's format:

1. Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth
2. Trump Tariff Update (April 9th) | CNBC
3. Technical Analysis Spotlight with Brent Foster
4. April is Financial Literacy Month | Spring into Financial Literacy Month with Actionable Steps & Tips | Planning Tips!

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

This week's format:

1. Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

This week's format:

1. Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth
2. The Evolving Role of Women in Family Finances
3. Technical Analysis Spotlight with Brent Foster

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

This week's format:

1. Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth
2. Forgotten Retirement Accounts: Don’t Leave Money Behind
3. A $172 Billion Mistake
4. It’s Annual Bonus Season
5. How to account for ‘sweat equity’ in farm estate planning
6. Charles Schwab's "Pump & Dump" Warning to Investors

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

• SEC & FINRA website Investor.gov
• Fraud and Ponzi Schemes
• Hallmarks of a Ponzi Scheme
• "The Money Doctor" William Neil Gallagher Fraud Scheme
• Bernard Madoff Ponzi Scheme
• Sam Bankman-Fried (SBF) FTX Crypto Fraud & Ponzi Scheme
• IRS Guidance for Victims and their Tax Professionals
• Resources & Wrap Up

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.

References for this Episode:

1 https://www.youtube.com/watch?v=oo592MNWe-c

2 https://www.sec.gov/litigation/litreleases/lr-24420

3 https://www.cbsnews.com/news/doc-gallagher-christian-radio-host-3-life-prison-terms-ponzi-scheme/

4 https://edition.cnn.com/2013/03/11/us/bernard-madoff-fast-facts/index.html

5 https://www.pbs.org/wgbh/pages/frontline/madoff/cron/index.html

6 New York State Office of the Attorney General. "Madoff Middleman Ezra Merkin Charged With Fraud For Secretly Steering $2.4 Billion In Investor Assets Into Madoff's Ponzi Scheme

7 https://www.pbs.org/wgbh/pages/frontline/madoff/cron/index.html

8 Id.

9 https://www.forbes.com/sites/nicholasreimann/2021/04/14/bernie-madoff-dies-in-federal-prison-at-82/?sh=4e304653fadd

10 Bankman-Frieds is arrested as feds charge massive fraud at FTX crypto exchange,” Bankman-Fried is arrested as feds charge massive fraud at FTX crypto exchange : NPR, Dec. 13, 2022.

11 https://abcnews.go.com/Business/funds-recovered-victims-bernie-madoff/story?id=94863713

12 Internal Revenue Service, Rev. Rul. 2009-09

13 Rev. Rul. 72-112, 1972-1 C.B. 60

14 Internal Revenue Service, Rev. Rul. 2009-09

15 Rev. Proc. 2009-20

16 Id.

17 Id.

18 Id.

19 Giambrone et al v. Commissioner, TC Memo 2020-145, October 19, 2020

20 Revenue Procedure 2009-20, Section 4.04

21 Giambrone et al v. Commissioner, TC Memo 2020-145, p. 5

22 Giambrone et al v. Commissioner, TC Memo 2020-145, pp. 5-6

23 Id. at p. 10

24 Id. at p. 12

25 Revenue Procedure 2009-20, Section 2.03-2.04

26 Tax Court Docket No. 6500-13

27 Tax Court Docket No. 6500-13

28 Rev. Proc. 2009-20, sec. 4.06(1)(a)(ii)

29 Id. at sec. 4.06(2)(c)

30 Tax Court Docket No. 11390-12

31 26 U.S. Code § 2054 - Losses

32 Tax Court Docket No. 28602-10

33 https://edition.cnn.com/2023/02/27/business/td-bank-ponzi-scheme-stanford-settlement/index.html

34 https://www.seattletimes.com/business/umpqua-bank-accused-of-aiding-a-massive-ponzi-scheme-again/

35 https://www.classlawgroup.com/securities-fraud/professional-financial-investors-lawsuit

36 Treasury Department Circular No. 230 (Rev. 6-2014), Regulations Governing Practice before the Internal Revenue Service, 10.2(4)

The Northbound Wealth Podcast with Brent Foster is a personal finance and investing podcast. Brent has spent nearly two decades in the financial services industry working for large and small institutions before founding Northbound Wealth Management LLC.

Please join Brent as he shares his experience and knowledge in an effort to teach and educate about investing, economics, and personal finance!

This week's format:

1. Market Update, the FED, inflation, market performance, economy, tax tip, etc. Brent Foster, CEO of Northbound Wealth
2. Heart & Cancer Awareness Month - February 2025
3. Technical Analysis Spotlight with Brent Foster, CEO of Northbound Wealth Management

Please subscribe to the Northbound Wealth Podcast by clicking on the RSS Feed on Apple, Spotify, or anywhere you listen to podcasts, but here click here for our free player. Check us out on YouTube.

If you are interested in working with Brent Foster or Northbound Wealth, please reach out to Northbound Wealth at [email protected] or by visiting our website contact us page.

Disclosures: Welcome to The Northbound Wealth Podcast. All opinions expressed by me, my co-hosts, or my guests are solely our own opinions and do not reflect the opinions of Northbound Wealth Management LLC. This podcast is for informational and educational purposes only and is not intended as personalized recommendations or fiduciary advice. It is not intended to provide, and should not be relied upon for any investment, accounting, legal and tax advice or as a solicitation to offer or to buy any securities. As a reminder, all investments include the risk of loss and past performance is not indicative of future results. Clients of Northbound Wealth Management LLC may maintain positions in the securities discussed in this podcast.