Navigating the Golden Years: Tailored Private Asset Strategies for Investors Age 50 and Above

Market Daily Staff on February 17, 2024

When you begin investing at a young age, a few years of a down market are nothing to worry about. Short-term fluctuations in market-based investments have little relevance in a retirement strategy that spans several decades because the market will eventually recover.

However, those fluctuations are more relevant when you reach age 50 and beyond. A string of a few bad years — 2020 to 2022, for example — or a mistimed entry point can set your investments back a few years. At that point in your retirement planning, you don’t have the luxury of “playing the averages” over the long term.

“For investors at age 50 and above, predictability becomes increasingly important,” says Matt Willer, Managing Director of Capital Markets and Partner at Phoenix Capital Group Holdings, LLC. “Those with a reasonable yet not over-funded personal balance sheet can suddenly find themselves consuming principal after a negative year or two, reducing their potential for future earnings. To address this, investors navigating the golden years should minimize variables that lead to such an outcome. Adopting a private asset strategy is one proven way to accomplish that.”

Willer is a 20-year veteran of corporate finance, serving in executive management and board of director-level positions for public and private companies in the US and Canada. His expertise includes scaling and financing growth-stage companies in multiple industry verticals, having raised over $1.1 billion in capital through debt and equity transactions, both brokered and non-brokered, with issuers. He is responsible for investor relations at Phoenix Capital, as well as structuring, managing, and acquiring private capital across multiple capital sources and classes.

Leveraging private assets to mitigate market volatility

All investors must address the implications of market volatility. For those approaching retirement, the implications become more pronounced, as those in their golden years have less time to recover from the fluctuations. Additionally, investors tend to shift their portfolios toward more conservative mixes as they approach retirement, making it more difficult to recover from acute losses.

“Private asset investing can be helpful to older investors because it provides a safeguard against volatility,” Willer shares. “In most cases, fluctuations in the value of private assets are not correlated to the stock market. As a result, they can buoy a portfolio when markets slide.”

Many private assets are also less affected by volatility because they are backed by real tangible assets. These types of investments can provide recurring revenues, protection against inflation, and residual values that further add to the value of a portfolio.

Gaining access to private asset investments

There are a variety of investments that fall under the umbrella of private asset investing. Real estate, natural resources, private equity, and private debt are some of the more common categories of private asset investing. Less common investment strategies can focus on unique opportunities like royalty streams, tax liens, and sports teams.

“Just as with any investment, private asset investing starts with defining risk tolerance, goals, time horizons, and other factors that play a role in the overall investment strategy,” Willer reminds investors. “Each private asset has its strengths and weaknesses. Getting the best performance requires a comprehensive understanding of both the investor and the investment.”

Real estate, for example, is a broad category that can benefit a portfolio by providing cash flow, tax benefits, and asset appreciation, but relying on it too heavily is as unhealthy as filling your portfolio with one company’s stock. Private credit is another private asset that has become increasingly popular, providing high-quality yields as banks have tightened their lending standards. Mitigating risks with private credit, however, requires considerable knowledge of credit quality and industry outlooks.

“Finding the right private asset and the right balance will normally require the assistance of an experienced professional,” Willer advises. “Advisors with expertise in private asset investing can provide the average retail investor with options many never knew existed, guiding them toward opportunities that often provide more predictable and possibly favorable returns without some of the concerns retirees experience with market-based investments that are subject to considerable volatility.”

Understanding the distinction of private asset investing

Regarding the mechanics of investing, several factors differentiate private asset investing from common stock market investing. One key difference involves liquidity, which is often severely limited to private asset investing. Investors who participate in private asset investing can expect asset holding periods of a decade or more.

The valuation process is another factor that is different from private asset investing. Whereas stock market valuation occurs in real-time, private asset values are assessed periodically. In many cases, valuations occur quarterly and are based on operational performance rather than market sentiment.

Private asset investors should also expect to find higher investing thresholds. Unlike the stock market, investing minimums for private assets can be quite high — six-figure thresholds are not unusual.

“A variety of conditions, including the war in Ukraine and the presidential election in the US, indicate market volatility could be on the rise,” Willer explains. “In addition, the interest rate cycle is at its peak, meaning now is the time to lock in favorable longer-term yields. These factors make it a compelling time to explore how private asset investing can add stability to a retirement portfolio, especially among investors in their golden years.”

Published by: Aly Cinco

Unveiling the Revolutionary Benefits of Thermography: Comfort, Safety, and Affordability in Detecting Inflammation

Market Daily Staff on February 16, 2024

In the ever-evolving landscape of healthcare, innovation takes center stage, and the spotlight is now on the remarkable benefits of thermography. In this comprehensive exploration, we dive into the advantages of utilizing thermography for detecting inflammation, offering a compelling narrative that not only informs but motivates readers to consider this cutting-edge technology. Let’s unravel the transformative journey of New York Cryogen and how high-pressure medical cryotherapy, combined with thermography, is changing the game in pain management.

The story begins in November 2021 when Gregory Papageorge embarked on a personal quest for pain relief. Armed with a small medical device, he uncovered the inefficiencies of existing solutions but saw the potential for pain management. This led to the birth of New York Cryogen, a company that has pioneered high-pressure medical cryotherapy, a new technology with the ability to provide profound pain relief and anti-inflammatory effects almost immediately upon application.

Traditional cryotherapy faced limitations due to the lack of tissue penetration. Gregory Papageorge, the creator, cultivator, and inventor of high-pressure medical cryotherapy, introduced an innovative approach. By pressurizing cold cryo gas and applying it to the body, the results were revolutionary. This new modality, endorsed and approved by the American Medical Association (AMA) with exclusive CPT billing codes, offers a groundbreaking option for those suffering from chronic and acute pain.

At the heart of New York Cryogen’s mission is the quest to be an opioid-sparing option for those suffering from chronic and acute pain. The combination of high-pressure cryotherapy and thermography offers a powerful alternative, providing relief without the risks associated with traditional pain management methods. The article aims to enlighten readers about this groundbreaking technology that not only manages pain but also expedites post-surgery healing by up to 80%.

Thermography, a key component in the New York Cryogen approach, plays a pivotal role in detecting inflammation. The comfort, safety, and affordability of thermography make it an attractive option for individuals seeking non-invasive and efficient ways to monitor and manage pain. As part of the revolutionary high-pressure cryotherapy solution, thermography adds a new dimension to the pain management landscape.

New York Cryogen, already recognized as a leader in high-pressure cryotherapy, is making strides with the AC-130 Viper, the first of its kind in the world. Three additional devices are in development, promising to expand the capabilities of this innovative technology. With approvals from Medicare, Medicaid, and integration into seven states on the private insurance side, New York Cryogen is on track to nationalize its reach in 2023, including plans for expansion to Hawaii and Puerto Rico.

As New York Cryogen continues to shape the future of pain management, Gregory Papageorge envisions a landscape where their first portable handheld device is released, enabling the acceptance of healthcare insurance for this combined treatment. The technology is now considered a medical procedure by the AMA, positioning New York Cryogen as a pioneer not only in cryotherapy but also in the broader field of medicine.

Stay updated on their groundbreaking innovations by following New York Cryogen on Instagram (@newyorkcryogen) and Facebook (New York Cryogen). Visit their website at www.nycryogen.com & www.ac130viper.com to learn more about their products and services.

Published by: Nelly Chavez

With Growing Demand and Impressive Milestones, Investors Should Pay Attention To This Canadian Stock

Market Daily Staff on February 16, 2024

PlantX Life Inc. (CSE: VEGA | Frankfurt: WNT1), a Canadian vegan company founded in 2011, is at the forefront of the veganism movement, promoting a healthy and sustainable lifestyle.

The company has quickly grown to become the one-stop shop for everything plant-based by acquiring high-quality businesses, forming strategic partnerships with well-known vegan brands and major e-commerce channels such as thebay.com, amazon.com, Walmart.com, and Walmart.ca as well as delivery platform Instacart. PlantX currently offers over 10,000 plant-based products across North America, including meal and indoor plant delivery services, and is gradually expanding into the United Kingdom, Germany, Austria, and Israel.

The company is experiencing impressive demand for its product and services resulting in strong revenue growth.

Figure 1: PlantX 2022 Monthly Progress

Source: PlantX Press Releases

March was the best month for the company so far with revenue increasing 168% year-over-year as the company expanded into new markets such as Austria and the Republic of Ireland. The company also collaborated with BESTIES Vegan Paradise (“BESTIES”), the only vegan marketplace in the country selling products exclusively from 100% vegan brands, to redesign and rebrand PlnatX’s brick-and-mortar stores in Venice and Hillcrest, California, as BESTIES. This collaboration resulted in an increase of 30% in sales revenue in the first month since PlantX’s Venice location was rebranded to reflect the BESTIES model. In March, the company also announced same-day grocery delivery across Ottawa and Toronto to broaden its on-demand delivery options.

In July, PlantX generated monthly gross revenue of $1.2 million, a 35% increase over July 2021. Little West, a brand of cold-pressed juice that PlantX acquired in 2021, contributed significantly to this growth. Little West offers a diverse range of beverages and products made from locally sourced, high-quality, and fresh ingredients, which are selling well as people return to offices and coffee shops. On August 3, the company announced the expansion of Little West to Canada. Little West has launched a Canadian version of its e-commerce website and plans to expand wholesale distribution throughout the country.

PlantX is expected to be one of the long-term winners as veganism brings significant changes to the food industry. Capital Y Management, a New York-based hedge fund, published an independent research report on PlantX in July, referring to the company as “a market leader with a revolutionary business in a growing industry with long-term tailwinds.” Capital Y Management has set PlantX a 12-month price target of C$0.67 per common share, equating to a C$68 million enterprise value for the company. According to the report, PlantX’s partnerships with Amazon and Walmart are likely to increase the company’s sales by 12%.

PlantX seems poised for sustainable growth as it continues to invest heavily in improving the quality of its existing services and programs in order to raise brand awareness and expand its customer base. PlantX announced the U.S. expansion of its XMeals online platform on June 23 by launching its new website, xmeals.com. XMeals provides a subscription service as well as one-time purchases from PlantX’s weekly à la carte menu options. Customers in the United States will now be able to access XMeals’ plant-based menu items, chef-curated meals, and 3- and 5-day meal plans selected by a licensed dietitian and member of the Medical Advisory Board.

Additionally, PlantX has been granted permission to sell and distribute alcoholic beverages at its retail locations in Chicago, Illinois, and Venice Beach, California. With the alcohol license, the company will be able to deliver alcoholic beverages across the United States for orders placed on its U.S. e-commerce platform, as well as offer same-day delivery through partnerships with UberEats and Instacart. The authorization grants PlantX access to the $284.10 billion alcoholic beverages market, and PlantX’s goal of providing high-quality, sustainable, and ethical alcoholic beverages will provide the company the competitive edge it needs to succeed.

PlantX has accomplished significant milestones this year and continues to expand its partnerships and product offerings. The company’s strong brand portfolio and online channels continue to drive positive revenue growth. In addition, PlantX is eliminating entry barriers to promote environmentally friendly and animal cruelty-free living by supporting new and established plant-based brands through the “Vegan Popup by XMarket” initiative. These initiatives, including a customer awareness program, partnerships, and an expansion plan, have all produced excellent results and will continue to do so in the future.

Navigating the Current Market: What Spikes in Inflation Mean for your Stock Portfolio

Market Daily Staff on February 16, 2024

Inflation in the US has become one of the most popular topics in headlines during the past few months, with many articles focused on why it is spiking and what can be done to bring it under control. The big question for investors, however, has been what to expect from the market as spikes in inflation continue to affect the economy.

“The general impact of inflation on the market is insidious,” explains Josh Answers. “It’s gradual and subtle at the same time, which is why gauging its real impact on the market can feel elusive.”

Josh is a financial streaming pioneer and 15-year stock market veteran who hosts the YouTube channel The Trading Fraternity as well as The Stock Market Live, where he streams live content seven hours a day covering the stock market and finance markets.

“The cold fact of the matter is that nobody really knows how the market is going to respond,” Josh says. “This is why a lot of people — myself included — flip back through history books to see what happened the last time anything like this occurred. Looking back at the track record of the 1970s, you find a lot of features that are similar to today. I would say the 70s provide us with a perspective to help navigate through this inflationary period.”

As Josh explains, inflation in the US in the late 1970s rose from 2.7 percent to 12.3 percent in less than 24 months. It then declined slightly for a year before jumping back up to 14.7 percent. During that cycle, which took almost a full decade to complete, inflation rates experienced numerous spikes and drops.

“Inflation doesn’t just surge up overnight,” Josh explains. “The spikes that we see are essentially the process through which inflation builds up or sheds down. Spikes in inflation in the 1970s pretty much came in two year blocks, and that seems to be the same trajectory we are on today.”

In April of 2021, The White House announced that inflation, which it identified as a possible effect of the COVID-19 pandemic, was a risk that it was “monitoring closely.” As inflation rose throughout the summer of 2021, the US Federal Reserve labeled it transitory, believing that the factors causing the increase would correct themselves. By January 2022, however, inflation in the US had hit a 40-year high and was continuing to climb. In recent months, experts have proclaimed that protracted, not transitory, is the correct terminology for describing this period of inflation.

“It’s hard to anticipate anything in this environment, but it is certain that volatility will plague us until we gain more certainty on where the economy and policy are going,” Josh says. “With that in mind, you shouldn’t be afraid of volatility, but you should be prepared.”

One approach that experts advise in the current market is maintaining a balanced portfolio and keeping a keen eye on cash balances. Although buying is not something that investors should fear during times of inflation, they should avoid positioning themselves too heavily in any one sector.

“At the later end of the inflationary cycles — the final spike — stocks tend to outperform, so there is nothing wrong with holding on to some growth stocks,” Josh explains. “Still, in an inflationary environment, dividend stocks are some of the best hedges as they provide stable income that usually increases on a yearly basis. The dividend yields can compound and help pad the stats if the volatility lasts longer than expected.”

Another lesson to learn from the inflation in the 1970s is that inflationary spikes do not last forever. Navigating the current market may be like sailing through a storm, but the storm will eventually pass.

“Any investor can outlast any storm with enough time and money,” Josh says. “There may be some economic pain with the market paying the price, but history tells us they always climb back. I preach the long-term portfolio and waiting it out. In some cases, investors are better off smashing their computer after buying a stock and not looking at its performance for years. If you are on the younger side, and have time on your side, a long-term approach and focus is the way to go.”

Wohlke Investment Group’s Visionary Leadership and Innovative Strategies: A Case Study in International Investment Success

Market Daily Staff on February 15, 2024

In the ever-evolving realm of finance and investment, noteworthy achievements often hinge on bold, forward-thinking leadership and innovative strategies. One shining example of such dynamism in the international investment arena is the Wohlke Investment Group, a name synonymous with visionary excellence and unparalleled success.

At the helm of this thriving empire is André Sandri, the Group’s CEO, whose visionary leadership has steered the company toward unprecedented heights. Wohlke Investment Group has garnered a stellar reputation for its exploration of off-market investment opportunities in the United States, a strategy that sets them apart in the competitive world of finance.

One of the most significant milestones in Wohlke’s recent history is André Sandri’s impactful entrance into the bustling financial landscape of Dallas, USA. This strategic move reflects the company’s commitment to expanding its reach and tapping into the vibrant business environment of Dallas. Sandri expressed admiration for the dynamic opportunities the region presents, aligning seamlessly with his reputation for visionary leadership. His strategic acumen is set to propel Wohlke Investment Group to new heights in the USA, adding another chapter to the company’s remarkable success story.

At the core of Wohlke Investment Group’s success lies the strategic vision of André Sandri. With an unwavering commitment to the preservation and augmentation of family wealth, Sandri has positioned the group into highly productive sectors with substantial returns. From the outset, his entrepreneurial perspective and strategic finesse have inspired the company’s mandate of nurturing family assets through active management and personalized financial solutions.

One of Sandri’s most notable strategic moves was the recent collaboration with Mezas Capital Group, a decision that significantly enhanced Wohlke Investment Group’s international market influence. This venture allows the company to extend its globally competitive investment approach into new spheres, marking a remarkable stride in its journey toward dominating the international investment arena.

Sandri’s ingenuity lies in the company’s pioneering exploration of off-market investment opportunities, a strategy that typically relies on less conventional channels. Unlike mainstream investments that follow traditional market fluctuations, off-market investments equate to less competition. They offer sophisticated investors, like Wohlke Investment Group, the chance to identify valuable assets before they hit the mainstream market, gaining a competitive advantage in the process.

In the US, Wohlke Investment Group has significantly marked its presence through investments in growing companies, particularly in the technology sector. The United States tech industry represents a dynamic and fast-evolving market, offering fertile ground for robust investment growth. With Sandri’s astute leadership, Wohlke Investment Group has flourished in this rapidly changing landscape, identifying pertinent market trends and movements even before they transpire.

Equally significant is Wohlke’s foray into the US real estate and construction sectors. Historically, the real estate market has shown potential for lucrative returns, and under Sandri’s stewardship, Wohlke Investment Group has exemplified proficiency in leveraging this sector’s opportunities. The company’s significant proprietary investments across a myriad of promising commercial properties are a testament to their pronounced expertise and confidence in market navigations.

While innovation certainly characterizes the Wohlke brand, commitment to family wealth protection remains the cornerstone of its operations. True to its ethos of preserving clients’ assets, the company specializes in offering solutions tailored to each client’s unique needs. Whether it’s a high-net-worth individual looking to actively manage their fortune or a multi-generational family in need of wealth preservation tactics juxtaposed with growth strategies, Wohlke’s professional team of financial advisors ensures that the clients’ goals align with the firm’s investment strategies.

In line with their mission statement of “preserving your assets through active management and personalized financial solutions,” Wohlke Investment Group strives to build long-standing relationships with their clients. The company’s bespoke advisories center around a deep understanding of each client’s objectives, situation, and risk tolerance, thereby ensuring financial strategies that align perfectly with varied individual needs.

The Wohlke Investment Group is more than just a successful brand in the international arena. Its innovative strategy, under André Sandri’s visionary leadership, of exploring off-market investment opportunities demonstrates a readiness to challenge conventional wisdom and strive for unparalleled success. By linking active management with customized financial solutions, the company showcases the critical role that committed and insightful leadership can play in creating influential investor success stories.

As the Wohlke Investment Group continues to venture into new investment territory, it remains a beacon for firms worldwide. It offers a compelling template of strategic innovation, seamless international collaboration, and unwavering commitment to clients’ wealth protection and growth. The Group continues to redefine excellence in the Investment industry and is an inspiring testament to the power of visionary leadership and innovative strategy.

For more information, check out Wohlke Investment Group’s website.

Published by: Nelly Chavez

Navigating Financial Markets with Data: Learn About Quantitative Investing with “Investor Mind”

Market Daily Staff on February 14, 2024

The financial world is witnessing a remarkable transformation, driven by the advent of quantitative investing. This sophisticated strategy, rooted in algorithmic precision and data-driven decision-making, is reshaping the investment landscape. Amidst this paradigm shift, Investor Mind emerges as a beacon for high-income earners intrigued by the prospects of leveraging quantitative methods to enhance their investment portfolios.

Quantitative investing marks a departure from traditional investment strategies that often rely on human intuition and subjective analysis. Instead, it harnesses the power of advanced algorithms and vast datasets to make investment decisions. This approach emphasizes consistency, objectivity, and efficiency, offering a new level of precision and reliability in managing investments. Investor Mind, under the leadership of Cameron Gallagher, stands at the forefront of this evolution, offering a Quantitative Trading Algorithm designed to navigate the complexities of the financial markets with unprecedented accuracy.

Cameron Gallagher, the visionary CEO of Investor Mind, brings a unique perspective to the world of investing. His passion for algorithmic thinking and his background in studying the mental models of renowned neuroscientists and engineers have fueled his ambition to revolutionize investment strategies. Gallagher’s journey, from exploring the algorithms of the mind to applying sophisticated software solutions in the investment realm, underscores his commitment to enhancing the returns and experience of investors through the application of advanced algorithms.

Investor Mind’s Quantitative Trading Algorithm is a testament to the company’s innovative approach. Unlike traditional investment methods that may succumb to the pitfalls of emotional decision-making, this algorithm relies on a meticulous analysis of data to execute trades systematically. This not only minimizes the influence of human bias but also aligns investment decisions with the dynamic and often unpredictable nature of the financial markets.

The appeal of quantitative investing is particularly resonant among high-income earners, who recognize the strategic advantages of adopting a data-driven approach to investment. Investor Mind caters to this discerning demographic, offering a platform that not only aligns with their financial aspirations but also provides an opportunity to explore the benefits of quantitative investing without immediate financial commitment. The company’s unique proposition includes a free 30-day trial of its Quantitative Trading Algorithm, allowing prospective investors to gauge its efficacy firsthand.

The cost of entry into the realm of quantitative investing can be prohibitive, with investments in trading algorithms sometimes exceeding $4,997. However, Investor Mind distinguishes itself by offering competitive access to its cutting-edge technology. This approach underscores the company’s confidence in its algorithm and its commitment to providing value to investors seeking alternatives to traditional mutual fund investing.

For those high-income earners contemplating the next step in their investment journey, Investor Mind offers a compelling invitation to explore quantitative investing. By scheduling a call, individuals can delve deeper into how this strategy aligns with their financial objectives, marking a pivotal step towards embracing a strategic financial approach. This engagement is not merely about immediate financial outcomes but about understanding and aligning with a broader financial strategy that leverages the power of quantitative investing.

As the financial landscape continues to evolve, the rise of quantitative investing represents a significant shift towards more objective, data-driven investment strategies. Investor Mind, led by the forward-thinking Cameron Gallagher, is one of the people at the helm of this transformation, offering high-income earners a pathway to potentially align their investment portfolios with the future of finance. The company’s dedication to innovation, precision, and strategic investment solutions positions it as a key player in the ongoing evolution of the investment industry.

Published by: Martin De Juan

Steven McFadden Examines The Power of Small-Town Values in Modern Entrepreneurship

Market Daily Staff on February 13, 2024

In a world where business is often conducted at the speed of light, driven by technology and global markets, the enduring power of small-town values in entrepreneurship can sometimes be overlooked. Yet, these values – community spirit, integrity, hard work, and personal relationships – are more relevant today than ever. They form the backbone of many successful entrepreneurial ventures, embodying a timeless ethos that can lead to sustainable success. Steven McFadden, Iowa, is a seasoned business & property developer that stands as a testament to how these small-town values can be integrated effectively into modern business practices.

Embracing Community Spirit

At the heart of small-town life is a strong sense of community. This ethos, when transplanted into the business world, can create companies that are deeply connected to their customers and employees. In small towns, business owners know their customers by name; they understand their needs and are invested in their well-being. This level of personal investment is something that Steven McFadden brought into his business ventures, viewing each project not just as a financial opportunity, but as a way to positively impact the community.

In the modern entrepreneurial landscape, embracing community spirit can manifest in various ways. It might be through supporting local causes, engaging in community events, or simply ensuring that a business’s operations benefit the local economy. This approach not only helps build a loyal customer base but also creates a business environment where mutual support and cooperation are the norms.

Integrity: A Cornerstone of Trust

Another hallmark of small-town values is integrity. In a small community, one’s word is their bond, and a handshake can be as binding as a legal contract. This level of integrity, as exemplified by entrepreneurs like McFadden, builds a foundation of trust that is invaluable in business. In an age where consumers are increasingly concerned about the ethics of the companies they support, demonstrating integrity in all business dealings can set a company apart.

For modern entrepreneurs, this means being transparent in operations, honest in marketing, and consistent in delivering on promises. It also means being accountable when things go wrong. This approach not only builds trust with customers and partners but also creates a company culture where honesty and responsibility are prized.

The Value of Hard Work

Small towns are often characterized by a strong work ethic. People take pride in their work, putting in the effort required to achieve quality results. This principle is crucial in the entrepreneurial world, where success often requires long hours, dedication, and the willingness to go the extra mile.

In today’s fast-paced, highly competitive business environment, the willingness to work hard – while maintaining a balance with personal life – is essential. Entrepreneurs who embody this value not only set a strong example for their employees but also drive their businesses towards greater achievements.

Building Personal Relationships

In a small town, business is personal. Entrepreneurs know their customers, their families, and their stories. This personal connection creates a unique business environment where customers are treated as individuals rather than just transactions. For entrepreneurs like McFadden, these personal relationships are the foundation of business success.

In the digital age, while technology enables businesses to reach a global audience, the importance of personal relationships remains. This can mean personalized customer service, engaging with customers on social media, or creating a business culture where employees feel valued and part of a team. Such an approach not only enhances customer loyalty but also creates a more fulfilling work environment.

Adapting Small-Town Values to the Modern Business World

Adopting small-town values in modern entrepreneurship does not mean rejecting technology or global perspectives. Instead, it involves integrating these values into the fabric of the business. This integration can lead to businesses that are not only financially successful but also contribute positively to society.

For instance, a commitment to community can inspire businesses to adopt sustainable practices or support local initiatives. Integrity can lead to transparent and fair business practices that build long-term customer relationships. A strong work ethic can drive innovation and excellence, while personal relationships can create a unique brand identity and customer experience.

Conclusion

The story of Steven McFadden and many like him demonstrates that small-town values have a significant place in modern entrepreneurship. These values provide a strong foundation upon which to build a business that is not only profitable but also ethical, community-oriented, and sustainable. In a world where businesses are increasingly expected to be more than just profit-driven entities, embracing these small-town values could be the key to creating a more equitable and sustainable business landscape.

Published by: Aly Cinco

3 Tips for Real Estate Developers in 2024

Market Daily Staff on February 13, 2024

By: Austin VanScoyk

Today’s real estate market has come a long way from the glory days of 2019-2022 when low cap rates and aggressive rent growth could make even ambitious projects pencil out as positive projects. Times have gone from shooting fish in a barrel by making cosmetic improvements, hiking up the rent, and refinancing/exiting at profitable cap rates to sky-high interest rates, stagnant rent trends, and proformas that simply don’t perform.

As Arizona developer and founder of Brightedge Ventures Austin VanScoyk notes, there’s hope for savvy real estate developers: ”These recent shifts in the market simply means that it’s become more critical to ensure the aim before taking a shot. We can no longer rely on growth and rates that weren’t sustainable to begin with; instead, we must take a strategic and opportunistic view of the macroeconomic landscape.”

1. Capitalize on the Need for Infill Development

There’s a saying, “Never let a good crisis go to waste.” The housing crisis is no different. With land at a premium in urban areas and a shortage of housing options, many municipalities are rewriting (or have already rewritten) code to allow for more progressive housing options.

Infill supports walkable environments, prevents further sprawl, diversifies housing options, and drives rental rates that are hard to achieve in these economic conditions with traditional single-family housing.

Infill development is the missing ingredient and an opportunity that real estate developers shouldn’t overlook.

2. Focus on Operating Companies and Build to Suit

Build-to-suite (BTS) development is familiar, but the current economic landscape says this strategy deserves another look.

Operating companies are battening down the hatches, preparing for a recession, and where they can save money, they will. Their real estate strategies are part of that evaluation, which is where a savvy developer can realize an opportunity to save the day.

A build-to-suit saves a company from coming out of pocket with necessary upfront capital. As long as an operating company can cover the required rent, it can avoid being at the mercy of fluctuating interest rates, and a calculating real estate developer has a worthy investment to hold.

3. Bite Off the Land Entitlement Piece

Land entitlement is not for the faint of heart, but it can be highly profitable. The process of entitling land can be lengthy, costly, and convoluted. Every municipality is different, but once a landowner entitles the land (has gained all the necessary approvals for a real estate development plan), that landowner can effectuate the land to an appropriate and lucrative use.

Land entitlement doesn’t commit an investor like a full-cycle development project, but it relies on an excellent due diligence process and skill. Full legal development approval can include site plan approvals, rezoning, conditional use permits, utility permits, road approvals, landscape approvals, land subdivision, recombination, and more.

So if you’ve got that process down and the expertise to prove it, there’s a lot of capital to be had for deals that are structured to use outside money, entitle the project, and then sell the project for a return. Of course, this strategy necessitates that you’re well connected with backend buyers so that you aren’t left holding a property no one wants to buy.

Looking Forward

While the real estate market reads dubious through 2024, there are still opportunities for development if you know where to look, especially in areas like Arizona, where VanScoyk has been working for decades. There are old problems that a creative real estate developer can solve in new ways. These strategies listed take heed of the macroeconomic factors at play so as not to be caught flat-footed in today’s uncertain market. Infill development, build-to-suit, and mastering land entitlement pack the potential to beat the insecurities of recent market conditions.

Published by: Martin De Juan

Emotional Intelligence in Leadership: Navigating Challenges with Empathy and Resilience

Market Daily Staff on February 12, 2024

In today’s rapidly changing and increasingly interconnected world, effective leadership requires more than just technical skills and expertise. Leaders must also possess a high level of emotional intelligence, which encompasses the ability to understand and manage one’s own emotions as well as the emotions of others. By harnessing the power of emotional intelligence, leaders can navigate challenges with empathy and resilience, inspiring their teams to achieve success even in the face of adversity.

Understanding Emotional Intelligence

Emotional intelligence, often abbreviated as EQ, is a critical component of effective leadership. It consists of several key competencies, including self-awareness, self-regulation, social awareness, and relationship management. Leaders with high emotional intelligence are adept at recognizing their own emotions and the emotions of others, regulating their responses to different situations, and building strong relationships based on trust and empathy.

The Importance of Empathy in Leadership

Empathy, the ability to understand and share the feelings of others, is a cornerstone of effective leadership. Leaders who demonstrate empathy are better able to connect with their team members, understand their perspectives, and address their needs and concerns. By showing empathy, leaders can foster a positive and supportive work environment where team members feel valued and motivated to perform at their best.

Resilience: A Key Trait of Emotionally Intelligent Leaders

Resilience, the ability to bounce back from setbacks and adapt to change, is another essential trait of emotionally intelligent leaders. In today’s fast-paced and unpredictable business environment, leaders often face challenges and obstacles that can test their resilience. Emotionally intelligent leaders are able to remain calm and composed in the face of adversity, maintaining a positive outlook and leading their teams through difficult times with confidence and determination.

Joaquín Antonio Perusquía Corres: A Case Study in Emotional Intelligence

Joaquín Antonio Perusquía Corres, a distinguished leader in education and healthcare, exemplifies the power of emotional intelligence in leadership. Throughout his career, Joaquín has demonstrated a deep understanding of his own emotions and those of others, allowing him to build strong relationships with his team members and stakeholders. By showing empathy and compassion, Joaquín has created a supportive work environment where individuals feel valued and empowered to contribute their best.

Navigating Challenges with Empathy and Resilience

In times of crisis or uncertainty, such as the economic downturn of 2008 or the recent global pandemic, emotionally intelligent leaders are able to navigate challenges with empathy and resilience. Rather than panicking or succumbing to pressure, they remain calm and composed, providing reassurance and support to their team members. By maintaining open lines of communication, listening to concerns, and offering practical solutions, emotionally intelligent leaders can guide their teams through difficult times and emerge stronger on the other side.

Developing Emotional Intelligence in Leadership

While some individuals may naturally possess high levels of emotional intelligence, it is also a skill that can be developed and strengthened over time. Leaders can enhance their emotional intelligence by engaging in self-reflection, seeking feedback from others, and practicing mindfulness and self-regulation techniques. Additionally, ongoing training and development programs can provide leaders with the tools and resources they need to develop their emotional intelligence further and become more effective leaders.

Conclusion

Emotional intelligence plays a crucial role in effective leadership, particularly in navigating challenges with empathy and resilience. Leaders who possess high levels of emotional intelligence are better equipped to understand and manage their own emotions, as well as the emotions of others. By demonstrating empathy, building strong relationships, and maintaining resilience in the face of adversity, emotionally intelligent leaders like Joaquín Antonio Perusquía Corres can inspire their teams to achieve success even in the most challenging circumstances. As organizations continue to evolve and adapt to an ever-changing business landscape, the importance of emotional intelligence in leadership cannot be overstated.

Published by: Martin De Juan

The Importance of Work-Life Balance for Professionals in High-Stress Industries

Market Daily Staff on February 12, 2024

In today’s fast-paced and ever-demanding world, professionals across various high-stress industries find themselves constantly trying to navigate the thin line between career demands and personal life. The concept of work-life balance has become more crucial than ever, serving as a linchpin for not only personal well-being but also professional efficiency and productivity. Industry professionals like Larry Weltman, who have successfully managed to find this balance, serve as examples for integrating career ambitions with personal fulfillment.

Understanding Work-Life Balance

Work-life balance is the equilibrium where a person equally prioritizes the demands of one’s career and the demands of one’s personal life. In high-stress industries such as finance, technology, healthcare, and law, the pressure to perform can often lead to long hours and a blurring of lines between work and home, making this balance particularly challenging to achieve.

The Impact of Imbalance

A lack of work-life balance can lead to a myriad of issues, both physical and psychological. Stress, burnout, and fatigue become constant companions, significantly affecting one’s health and leading to problems such as anxiety, depression, and physical health issues. Moreover, when work overshadows personal life, relationships and social engagements suffer, leading to a sense of isolation and dissatisfaction with life.

7 Strategies for Achieving Balance

Professionals like Larry Weltman advocate for the implementation of strategies that foster a healthy work-life balance. Here are some approaches that can make a substantial difference:

1. Set Clear Boundaries

In the digital age, where work emails and calls can follow you home, setting clear boundaries is essential. This might mean having specific work hours after which you do not check emails or take work calls, ensuring that your personal time remains untouched by professional obligations.

2. Time Management

Effective time management is key to achieving work-life balance. This involves prioritizing tasks, setting realistic deadlines, and avoiding procrastination. By managing your time efficiently, you can ensure that work does not spill over into your personal time, allowing you to dedicate moments to family, hobbies, and relaxation.

3. Delegate and Say No

Understanding that you cannot do everything alone and learning to delegate tasks is crucial in high-stress jobs. Similarly, knowing when to say no to additional responsibilities that you cannot handle without sacrificing your personal time is essential for maintaining balance.

4. Embrace Flexibility

Workplace flexibility can significantly contribute to achieving a better work-life balance. Flexible working hours, the option to work from home, or compressed workweeks are strategies that can provide employees with the autonomy to balance their work and personal lives more effectively. Professionals in leadership roles should recognize the value of such flexibility and often advocate for policies that support it.

5. Prioritize Health and Well-being

Your health should always be a priority. This includes getting enough sleep, eating a balanced diet, exercising regularly, and taking time off when needed. Engaging in activities that reduce stress, such as yoga, meditation, or hobbies, can also improve overall well-being.

6. Leverage Technology Wisely

While technology can often blur the lines between work and personal life, it can also be used to enhance work-life balance. Tools and apps designed for time management, productivity, and stress reduction can help professionals manage their workload more efficiently, freeing up time for personal pursuits.

7. Cultivate a Supportive Network

Having a supportive network, both professionally and personally, can ease the pressures of a high-stress job. At work, this might mean having colleagues or mentors to share ideas and solutions. In personal life, family and friends provide the emotional support needed to navigate tough times.

The Role of Employers

Employers play a significant role in promoting work-life balance. By recognizing the benefits of a balanced workforce, such as increased productivity, reduced absenteeism, and higher job satisfaction, employers can implement policies and practices that encourage balance. This might include flexible working arrangements, wellness programs, and a culture that values employees’ personal time as much as their professional contributions.

Conclusion

Achieving work-life balance in high-stress industries is undoubtedly challenging but not impossible. It requires a conscious effort from both the individual and the organization. Professionals who manage to find this balance, like Larry Weltman, not only enjoy improved well-being and personal satisfaction but also demonstrate higher efficiency and productivity in their workplace roles. As the work culture continues to evolve, the importance of work-life balance remains a central theme in discussions about employee well-being and organizational success. The journey to balance is personal and ongoing, but with the right strategies and support, it is within reach for every professional striving to lead a fulfilling and balanced life.

Published by: Aly Cinco