EP 74 - Greg Silberman - Financial Learning Tips from a Chief Investment Officer Part 3

Money Talks - Financial Learning Tips from a Chief Investment Officer Part 3 Today is the last part of a three-part series with Greg Silberman, CIO of ACG Wealth. Greg is responsible for managing the firm's Global Investment Portfolio, as well as supervising the implementation of the company's Asset Management Strategies. Here are more key points on today’s episode: Diversification as the best way to help clients achieve their goals. The advantage of having business experts on your team. Why patience is definitely a virtue. Investing is not one size fits all. So join us on today’s episode and learn all about managing and growing your finances. 01:11 (Steve introduces today’s guest, Greg Silberman, CIO of ACG Wealth.) 02:13 (Greg talks about the importance of getting an expert looking after your business.) 07:37 (Greg shares his predictions about the future of the market.) 13:55 (Greg shares his knowledge about Bitcoin and cryptocurrency.) 18:32 (Greg gives his final words of wisdom to the Awesomers.) Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, "You can have everything in your life you want if you help enough other people get what they want." It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope that you will join me on this Awesomer journey. SPONSOR ADVERTISEMENT Empowery, the name says it all. Connecting E-commerce entrepreneurs with great people, ideas, systems and the services needed to sustain business dynamic into growth. Empowery is a network; a cooperative venture of tools and resources to make you better at what you do. Because we love what you do. We are you. Visit Empowery.com to learn more. You're listening to the Awesomers podcast. 01:11 (Steve introduces today’s guest, Greg Silberman, CIO of ACG Wealth.) Steve: Okay, everybody we're back again Steve Simonson joined today by Greg Silberman on the Awesomers.com podcast series, and we've been talking about investments in various strategies and ideas about how to get a look at least from the 30,000 foot view of investments. I definitely agree as you talked about before the break, Greg, that you know the idea of being diversified is a fine idea whether it's a range of stocks or you know range of even private equity types of deals. You know there may be some allocation towards that higher risk but high reward stuff. But do you have a basic or easy to understand idea that would help us say, “Hey, why should we use somebody like ACG, somebody who's a wealth specialist versus just going and you know putting all the money in one of these mutual funds.” And you know they got ten thousand stocks so that's super diversified. That's got to be better. At least that's what they would tell us. How would you guys respond to that kind of issue? 02:13 (Greg talks about the importance of getting an expert looking after your business.) Greg: Steve, that is, you touched on kind of the million dollar dollar question there. So let me tell you my answer and obviously there's no right or wrong answer to this. My view is that in investing, there is a season and a time for everything. And so that means there is a season for mutual funds, there's a season for ETFs, there's a season for Robo-advisors, and there's a season for private equity, okay. I don't know when those seasons are. They don't, certainly don't ring a bell and say, “You know it's now time to go into bonds,” or whatever the case may be. So again, diversification is probably the best way that I can help my clients achieve their goals. That means,