Crazy Wealthy Podcast

32 Episodes

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Ep 13 - Vicki Schneps: The Long Island Queen of Media — How Adversity Built an Empire

2025-11-2548:30

Welcome to this episode of the Crazy Wealthy Podcast! Today we feature Vicki Schneps, a media entrepreneur and founder of Schneps Media and Life’s Work. Listen as we learn how Vicki turned her passion for education into a thriving media empire and nonprofit that empowers local leaders and supports community journalism. By the end of the episode, you’ll understand how vision, persistence, and strategic partnerships can help create both business and community impact.What You’ll Learn: How Vicki transitioned from teaching to media leadership Strategies for growing a media company across multiple platforms and events Turning personal and professional adversity into long-term legacyWant to make smarter financial decisions grounded in clarity and confidence? Subscribe and share the Crazy Wealthy Podcast. To learn more about Fusion Family Wealth’s evidence-based investment strategies, visit www.fusionfamilywealth.com and request our current disclosure brochure.Key Timestamps: 00:00 — Introduction and podcast disclaimer 01:00 — Vicki Schneps’ journey from teacher to media mogul 05:00 — Founding Life’s Work and early nonprofit efforts 11:30 — Growing Schneps Media across platforms 17:00 — Power Women and Kings events 22:00 — Digital integration and networking 27:00 — Turning adversity into legacy 33:00 — Identifying talent and scaling business 35:00 — Life’s Work expansion and call for board members 36:02 — Jon and Amy recap the episodeKey Takeaways: Vision and persistence are essential for creating both business and community impact Strategic partnerships and talent identification are key to scaling a media enterprise Personal adversity can be leveraged to build long-term legacy and empower othersGuest Info:Vicki Schneps is the founder and CEO of Schneps Media and the nonprofit Life’s Work, dedicated to supporting community journalism and empowering local leaders. She is also known for creating influential events such as Power Women and Kings that foster networking and professional development. Schneps Media – schnepsmedia.comLife’s WORC – life’s WORC info via CaringKind (profile) CaringKindVicki Schneps on Muck Rack (articles) – Muck Rack profileAbout the HostJonathan Blau is the President and CEO of Fusion Family Wealth, a fiduciary wealth management firm he founded in 2013 to help families achieve clarity, confidence, and purpose with their money. With a deep focus on behavioral finance, Jonathan teaches investors how to recognize emotional biases and make evidence-based decisions that support long-term success. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He holds a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports organizations such as the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.

Fix it Friday - Private Equity in Your Retirement Plan: Opportunity or Trap? Why Private Markets Are Targeting Small Investors!

2025-11-1419:54

Welcome to Fix-It Friday, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, CEO of Fusion Family Wealth, this episode pulls back the curtain on private investments. Jonathan explains how Wall Street firms promote “democratization” of private deals while often shifting risk onto everyday investors. Listeners will learn how behavioral finance biases like affinity bias and FOMO influence investment decisions, and gain insight into how to evaluate private deals responsibly to protect wealth.What You’ll Learn:How private investments are marketed and why they appear seductive to everyday investorsThe hidden risks behind complex investment structures and lack of transparency Six pillars of successful investing, including mindset and portfolio strategiesWant to make smarter financial decisions grounded in clarity and confidence? Subscribe and share the Crazy Wealthy Podcast. To learn more about Fusion Family Wealth’s evidence-based investment strategies, visit www.fusionfamilywealth.com and request our current disclosure brochure.Key Timestamps: 00:00 Introduction and podcast disclaimer 02:30 Why private investments seem appealing: affinity bias and FOMO 05:45 The real agenda behind “democratization” of private deals 10:30 Six pillars of successful investing: faith, patience, discipline, allocation, diversification, rebalancing 15:30 Closing thoughts: stay curious and cautious with private investmentsKey Takeaways: Private investments can appear safe or exclusive, but often shift risk from firms to individual investors Behavioral biases like FOMO and affinity bias can lead to poor decision-making in private markets Faith, patience, and discipline in investing guide behavior, while allocation, diversification, and rebalancing manage portfolios effectivelyAbout the HostJonathan Blau is the President and CEO of Fusion Family Wealth, a fiduciary wealth management firm he founded in 2013 to help families achieve clarity, confidence, and purpose with their money. With a deep focus on behavioral finance, Jonathan teaches investors how to recognize emotional biases and make evidence-based decisions that support long-term success. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He holds a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports organizations such as the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family. LinkedIn – Jonathan Blau Fusion Family Wealth Website Crazy Wealthy Podcast

Fix It Friday - The Shocking Truth About Safety & Risk: Why The Wealth Management Industry’s Conventional Wisdom Could Destroy Your Wealth

2025-10-2416:01

Welcome to Fix-It Friday, the segment of the Crazy Wealthy Podcast that simplifies financial strategies to help you make smarter money decisions. Hosted by Jonathan Blau, President and CEO of Fusion Family Wealth, each episode explores common biases and decision-making pitfalls that shape our financial thinking—and how to fix them. In this episode, Jonathan breaks down the difference between volatility and risk, explains how investors often misinterpret short-term market movements, and shares counterintuitive strategies for protecting and growing your purchasing power over time. You’ll learn how reframing risk, return, and volatility can help you become a more confident, long-term investor.What You’ll Learn in This Episode: Why volatility is not the same as risk and how misinterpreting it can hurt your portfolio How short-term market movements often reflect noise, not long-term business fundamentals The hidden danger of bonds and low-volatility strategies in preserving purchasing power Behavioral biases like loss aversion and counterintuitive human reactions to stock pricesWant to make smarter financial decisions grounded in clarity and confidence? Subscribe and share the Crazy Wealthy Podcast. To learn more about Fusion Family Wealth’s evidence-based investment strategies, visit www.fusionfamilywealth.com and request our current disclosure brochure.Timestamps 00:00 Intro: Welcome to Fix It Friday 01:30 Defining volatility vs. long-term risk 03:00 Short-term price drops vs. underlying business value 07:00 Redefining risk: protecting purchasing power, not principal 11:00 Behavioral biases: loss aversion and counterintuitive investing reactions 14:45 Closing thoughts: why stocks can be safer than bondsKey Takeaways Volatility measures price fluctuations, not the long-term risk of investments. Mistaking short-term market noise for risk leads to poor long-term decisions. Bonds and “safe” low-volatility strategies can erode purchasing power over time.Awareness of behavioral biases helps investors make rational decisions during market swings.About the HostJonathan Blau is the President and CEO of Fusion Family Wealth, a fiduciary wealth management firm he founded in 2013 to help families achieve clarity, confidence, and purpose with their money. With a deep focus on behavioral finance, Jonathan teaches investors how to recognize emotional biases and make evidence-based decisions that support long-term success. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He holds a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports organizations such as the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family. LinkedIn – Jonathan Blau Fusion Family Wealth Website Crazy Wealthy PodcastDisclosureInvestment advisory services may not be suitable for every investor or portfolio. Neither Fusion’s investment advisor registration status nor prior experience or success should be construed as a guarantee of specific results. Fusion is neither a law firm nor an accounting firm, and...

Fix It Friday - Federal Reserve Chairs: Not Market Oracles — Valuation is Never a Reliable Timing Tool

2025-10-1013:03

Welcome to Fix-It Friday, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, President and CEO of Fusion Family Wealth, each episode dives into common biases and challenges that impact our financial choices—and how to fix them.In this episode, Jonathan explores why tuning out the Federal Reserve’s every move might be the smartest decision for long-term investors. He breaks down how the constant focus on the Fed—interest rate predictions, market speculation, and news headlines—can derail sound investment strategy. Instead, he shares how disciplined investors can build wealth by staying focused on fundamentals rather than short-term noise. This week’s discussion also touches on ambiguity bias and its impact on financial decision-making, highlighting how cognitive biases can lead investors to favor certainty over potential higher returns.What You’ll Learn in This Episode:Why focusing too much on the Federal Reserve can lead to reactive decision-makingHow market timing and media narratives distort investor confidenceThe difference between real financial data and distracting “Fed chatter”Actionable steps to stay focused on your investment strategyWant to make smarter financial decisions grounded in clarity and confidence? Subscribe and share the Crazy Wealthy Podcast: https://www.youtube.com/@CrazyWealthyPodcastTimestamps00:00 Intro: Welcome to Fix It Friday00:40 The obsession with Fed predictions02:00 Why following the Fed can derail your investment plan03:15 What investors should actually focus on05:00 How disciplined investors stay ahead of the noise07:30 Jonathan’s key advice for staying the course08:30 Closing thoughtsKey Takeaways The Fed’s decisions impact markets—but not your long-term financial plan. Overreacting to headlines can cause unnecessary portfolio changes. Consistency and patience are the investor’s greatest assets. Focus on fundamentals, not forecasts, to build real wealth.About the HostJonathan Blau is the President and CEO of Fusion Family Wealth, a fiduciary wealth management firm he founded in 2013 to help families achieve clarity, confidence, and purpose with their money. With a deep focus on behavioral finance, Jonathan teaches investors how to recognize emotional biases and make evidence-based decisions that support long-term success. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He holds a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports organizations such as the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.LinkedIn – Jonathan BlauFusion Family Wealth WebsiteCrazy Wealthy PodcastDisclosure Investment advisory services may not be suitable for every investor or portfolio. Neither Fusion’s investment advisor registration status nor any amount of prior experience or success should be construed as a guarantee of specific results or satisfaction if Fusion is engaged or continues to be engaged to provide investment advisory services. Fusion is neither a law firm nor an accounting firm, and none of its services should be interpreted as legal or accounting advice. No portion of this content should...

Ep 12 - The Dopamine of Doing Good: Sunrise Day Camp - Turning Wealth Into Magic for Underprivileged Kids With Cancer and Their Families with Arnie Preminger

2025-09-2433:57

In this heartwarming episode of the Crazy Wealthy Podcast, Jonathan Blau sits down with Arnie Preminger, founder and CEO of the Sunrise Association, the organization behind Sunrise Day Camps, the world’s first full-summer day camps for children with cancer and their siblings.Arnie shares the unlikely story of how a Paul McCartney concert sparked the idea, the challenges of creating a camp model that keeps kids close to critical medical care, and how the program has grown from one camp on Long Island to a global movement across the U.S. and Israel. IN THIS EPISODE:00:00 Introduction02:05 Arnie explains the unique model of Sunrise Day Camps for children with cancer06:52 How a Paul McCartney concert inspired the creation of Sunrise Organization12:44 Jonathan shares his personal experience volunteering at Sunrise camps14:39 What motivates Arnie to keep expanding Sunrise18:09 Fundraising growth from $750k to $14 million annually21:55 Impact of visiting the camp on donors24:21 Closing remarks and how to support Sunrise Association25:04 Recap of the episode with Jon and AmyKEY TAKEAWAYS:Sunrise Day Camps provide a unique day camp experience for children with cancer, allowing them to return home each night—crucial for those undergoing treatment.Childhood cancer affects families across all economic levels, with about 35% of families in Sunrise programs near the poverty line.The organization has grown from raising $750,000 in its first year to needing $14 million annually, expanding to 13 physical camps and one virtual camp across the US and Israel.Volunteers and donors play a crucial role in Sunrise's success, with personal connections driving significant fundraising efforts.RESOURCE LINKS Fusion Family Wealth - WebsiteJohathan Blau - LinkedInArnie WebsiteArnie LinkedInGUEST BIOGRAPHY: Arnie Preminger has been involved in not-for-profit organizations for the past 41 years, having begun his career as a youth worker and camp counselor in the Bronx in 1976. For 29 of those years, Arnie served as President and Chief Executive Officer of the Friedberg JCC. During that time, he presided over the expansion of the agency from a $120,000 operating budget to its current incarnation as the only full-service JCC on the south shore of Long Island with annual operations totaling over twelve million dollars. Please click below for important disclosure information. https://www.fusionfamilywealth.com/disclosuresABOUT THE HOST: Jonathan is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based in Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.

Fix It Friday - Ambiguity Bias and the Relationship Between Certainty and Return

2025-09-1213:02

Welcome to Fix-It Friday, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, CEO of Fusion Family Wealth. Each episode dives into common biases that impact our financial choices—and how to fix them. This week, Jonathan discussed the concept of ambiguity bias and its impact on financial decision-making. He explores how this cognitive bias can lead investors to make suboptimal choices by favoring more certain but potentially lower-returning investments.IN THIS EPISODE:[00:00] Introduction to ambiguity bias and its paradoxical effect on wealth management[00:51] Jonathan introduces ambiguity bias and its paradoxical effect on wealth management[02:56] Explanation of risk vs. ambiguity in investing, using S&P 500 data[03:57] Historical returns comparison between stocks and bonds over the past century[06:31] Real-life examples of ambiguity bias affecting investment decisions[08:32] Strategies to combat ambiguity bias and make better long-term financial choicesKEY TAKEAWAYS:Ambiguity bias drives investors towards choices with more certain cash flows, potentially increasing the risk of failing to meet long-term financial goals.Over extended time horizons, stocks have historically outperformed bonds, with higher probabilities of positive returns.Focusing on total returns (dividends plus growth) rather than just dividend yield can lead to better long-term investment outcomes.Combating ambiguity bias requires considering trade-offs between short-term certainty and long-term financial success.Investors should focus on risk and return probabilities rather than seeking to avoid ambiguity, emphasizing a long-term perspective in investing.ABOUT THE HOST: Jonathan Blau is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.RESOURCE LINKS Fusion Family Wealth - WebsiteJonathan Blau - LinkedInPlease Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial. Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Ep 11 - Jack Guarnieri: The Pinball Wizard of Customer Service

2025-08-2638:30

From yachts to private jets, wealthy people love toys that blend nostalgia with luxury—and few capture that thrill better than a high-tech, custom pinball machine! In this episode, Jonathan sits down with his good friend Jack Guarnieri, a pinball industry legend and founder of Jersey Jack Pinball. Jack shares his journey from teenage pinball mechanic to revolutionizing the industry with cutting-edge technology and a customer-first approach, creating the ultimate luxury entertainment for high-net-worth enthusiasts. IN THIS EPISODE:(00:00) Introduction(02:50) Jack's unexpected entry into the pinball world at age 15(05:00) The shift from arcade to home pinball sales(07:40) Origin of Jersey Jack Pinball name(12:11) Jack's customer service philosophy built a loyal following(17:00) The Toys the Wealthy Crave (20:21) Technological advancements transforming pinball into "playable artwork"(23:05) Challenges with pinball awareness today(25:00) How to contact Jack and Jersey Jack Pinball(27:21) Recap of the episode with Jon and AmyKEY TAKEAWAYS:Passion and adaptability are crucial for long-term success in niche luxury markets, especially when creating toys that the wealthy craveIdentifying new markets (like home pinball sales) can lead to significant business opportunitiesExceptional customer service can turn challenges into loyal customers and an extended "family"Embracing technological advancements can revitalize traditional products and industriesBuilding a strong personal brand can become a valuable business assetRESOURCE LINKS Fusion Family Wealth - WebsiteJohathan Blau - LinkedInJersey Jack PinballGUEST BIOGRAPHY: Founded in 2011 by amusement industry veteran Jack Guarnieri, Jersey Jack Pinball was born out of an enduring love for pinball and a vision to elevate the game to exciting new heights. With over 36 years of creative and technical experience, Jack saw an opportunity to honor pinball’s rich history while reimagining it for a modern audience.Hand-built in America, each JJP machine is a masterpiece of craftsmanship, creativity, and ingenuity. With a team of legendary designers, artists, and programmers—pioneers who helped shape the golden age of pinball—we create games that redefine the experience through stunning visuals, groundbreaking technology, and rich, immersive gameplay. By pushing the boundaries of what’s possible while staying true to the game’s roots, we’ve not only raised the stakes for quality and creativity, but have also reignited the excitement of an American icon for players of all skill levels.Please click below for important disclosure information. https://www.fusionfamilywealth.com/disclosuresABOUT THE HOST: Jonathan is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based in Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.

Fix It Friday - From Wall Street to Main Street: How the S&P 500 Benchmark Became a Dangerous Standard

2025-08-0811:18

Welcome to Fix-It Friday, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, CEO of Fusion Family Wealth. Each episode dives into common biases that impact our financial choices—and how to fix them. This week, Jonathan tackles the investment public's obsession with the Standard and Poor's 500 or the S&P 500 index and challenges the common practice of benchmark comparison. He advocates for a goal-oriented approach to investing that prioritizes personal financial objectives over market performance.IN THIS EPISODE:[00:00] Introduction to investors’ obsession with the S&P 500 index[01:29] Jonathan explores the origin of S&P 500 obsession and its pitfalls[03:31] The importance of goal-oriented investing and creating a solid plan[06:36] Dangers of frequent portfolio checking and its impact on investment decisions[07:37] Real-world example: Lessons from the 2020 pandemic market recovery[09:10] Summary and recommendations for effective long-term investingKEY TAKEAWAYS:Benchmark obsession can distract investors from their main financial goals. There's no statistical evidence to support the consistent outperformance of random benchmarks, such as the S&P 500.Successful investing involves establishing clear goals, creating a plan, and choosing investments with historical returns that align with your objectives.An investor's plan should be the true benchmark for measuring success, not market indices. Adjustments should be based on life events rather than market fluctuations.Frequent portfolio checking can lead to harmful investment decisions driven by overconfidence or loss aversion bias, especially during market volatility.Diversification and maintaining a long-term perspective are crucial for capturing market returns and achieving financial success.ABOUT THE HOST: Jonathan Blau is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.RESOURCE LINKS Fusion Family Wealth - WebsiteJonathan Blau - LinkedInPlease Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial. Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Ep 10 - From Paperboy to Payroll Prince: Meet Rob Basso, the Consummate Entrepreneur

2025-07-1547:57

Welcome to the Crazy Wealthy Podcast! Jonathan interviews Rob Basso, a seasoned entrepreneur and business coach who shares his journey from humble beginnings to building and selling multiple successful businesses. Rob's journey is truly inspiring. We dive deep into his experiences founding Long Island Advantage Payroll and his subsequent business ventures. Rob opens up about the challenges he faced, including a difficult split with a business partner, and how he overcame them. For all you entrepreneurs out there, Rob shares invaluable insights from his book "The Everyday Entrepreneur" and discusses his current work as a business coach. Whether you're just starting out or looking to take your business to the next level, this episode is packed with wisdom you won't want to miss. Tune in! IN THIS EPISODE:(00:00) Introduction(01:50) Rob Basso recounts his early life and the entrepreneurial lessons learned(05:21) The creative job-seeking strategy that launched Rob's career in the payroll industry(08:19) Rob discusses his book "The Everyday Entrepreneur" (09:30) The "Triple Threat" of Entrepreneurship(13:07) Post-exit challenges: Navigating the emotional impact of sudden wealth(26:40) Overcoming partnership disputes and preparing for a successful business exit(35:50) Rob's current role as a business coach and consultant(40:37) Recap of the episode with Jon and AmyKEY TAKEAWAYS:Early experiences, such as having a paper route, can instill valuable entrepreneurial skills like responsibility and customer service.Entrepreneurial success often requires a combination of ambition, confidence, and conviction, coupled with years of persistent effort.The emotional challenges of post-exit wealth can be significant. Having a solid financial plan and advisor is crucial for navigating this transition.Business partnerships can present unique challenges. Clear communication and aligned expectations are essential for long-term success.Personal branding, particularly on platforms like LinkedIn, is increasingly important for CEOs and can significantly impact company value.RESOURCE LINKS Fusion Family Wealth - WebsiteJohathan Blau - LinkedInRob Basso - Website Rob Basso - Instragram Rob Basso - LinkedIn GUEST BIOGRAPHY: Rob Basso is a seasoned entrepreneur, published business book author, and national business media commentator. As an entrepreneur, he successfully built and sold two Inc. 500 payroll/human capital management companies to large public companies and has been part of many multi-million-dollar deals. Additionally, he co-founded Empire National Bank, which was subsequently sold to Flushing National Bank. He is a Certified Entrepreneur and Executive Coach and has a thriving consulting practice that builds personal brands for entrepreneurs through the power of LinkedIn.Please click below for important disclosure information. https://www.fusionfamilywealth.com/disclosuresABOUT THE HOST: Jonathan is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in...

Fix It Friday - Illusions and Collusions: How Big Wall Street and Financial Media Collude to Profit at the Investors Expense

2025-07-0416:18

Welcome to Fix-It Friday, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, CEO of Fusion Family Wealth. Each episode dives into common biases that impact our financial choices—and how to fix them. This week, Jonathan exposes the problematic relationship between financial media and big Wall Street firms, revealing how their self-serving agendas can mislead investors. He offers valuable insights on navigating sensationalized financial news, understanding market predictability, and adhering to sound investment principles.IN THIS EPISODE:[00:00] Introduction to the manipulative tendencies of financial media[00:19] Financial media and Wall Street's problematic relationship[05:28] Expert forecasters' accuracy and hindsight bias[08:28] Three types of market forecasters explained[09:29] Long-term market returns and inflation basics[11:32] Importance of doing nothing during market volatility[13:04] Dangers of alternative investments like private equityKEY TAKEAWAYS:Financial media and Wall Street firms often prioritize their own profits over investor interests, creating fear and uncertainty rather than providing helpful advice.Expert financial predictions are frequently no more accurate than a coin toss, with more famous experts often being less reliable.Long-term investment success relies on understanding historical trends and resisting the urge to react to short-term market movements.Many alternative investments, marketed as protection against volatility, may simply conceal losses rather than provide true value.ABOUT THE HOST: Jonathan Blau is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.RESOURCE LINKS Fusion Family Wealth - WebsiteJonathan Blau - LinkedInPlease Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial. Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Ep 9 - The GOAT (“Greatest of all Tax”) specialists - Scott T. Ditman, CPA, PFS — Consultant - Citrin Cooperman (Formerly Berdon, LLP Tax Partner, Executive Committee Member and Head of Personal Wealth Services)

2025-06-1751:28

In this episode, Jonathan Blau sits down with The GOAT — “Greatest of all Tax” specialists, Scott T. Ditman, CPA, PFS. He is a Consultant at Citrin Cooperman and a Former Tax Partner, Executive Committee Member, and Head of Personal Wealth Service at Berdon, LLP. Scott works closely with high-net-worth individuals and family/owner-managed business clients, advising on estate and income tax issues, and succession and financial planning. Listen as he shares the critical importance of integrated, holistic financial planning for high-net-worth individuals. Drawing on their extensive professional relationship, Jonathan and Scott offer invaluable insights into best practices in wealth management. IN THIS EPISODE:(00:00) Introduction: Jonathan welcomes Scott Ditman(01:52) Scott Ditman on Financial Disciplines(09:38) Career Development And The Impact Of Mentorship(16:54) Navigating Challenges In Client-Centered Financial Advising(23:52) Adapting Plans As Client Situations Change(35:50) Goal-Based Planning Vs. Performance Chasing(37:04) Upcoming Tax Law Changes And Their Implications For Estate Planning(41:34) Defining Financial Planning And Goal-Based ApproachKEY TAKEAWAYS:Integrated financial planning is crucial. Professionals from various disciplines must collaborate to create comprehensive strategies that address all aspects of a client's financial health.Scott Ditman highlights that effective client communication is as important as technical expertise. Explaining complex concepts in simple terms helps clients make informed decisions.Focus on client goals rather than arbitrary benchmarks. Aligning financial strategies with specific life objectives leads to more meaningful outcomes than chasing market performance.Stay informed about legislative changes. Proactive planning in anticipation of potential shifts in tax laws can significantly impact estate planning strategies.RESOURCE LINKS Fusion Family Wealth - WebsiteJohathan Blau - LinkedInScott’s LinkedInGUEST BIOGRAPHY: Scott T. Ditman, CPA, PFS a consultant for Citrin Cooperman. He was with Berdon for over 35 years where he was a Tax Partner; Member of the Executive Committee; and Leader of the Firm’s Personal Wealth Services Practice.Scott works closely with high net worth individuals and family/owner-managed business clients, advising on estate and income tax issues, and succession and financial planning. Scott speaks at various organizations, including the Annual Heckerling Institute on Estate Planning, on issues that include trust and estate planning, fiduciary accounting, and income tax planning. He has contributed to Bloomberg.com, Forbes, The CPA Journal, Long Island Business News, Newsday, Accounting Today, Journal of Financial Planning, Reuters, and Vault. He also writes the blog T & E Talk.Scott received his master’s from Baruch College and his BS from Brooklyn College.Please click below for important disclosure information. https://www.fusionfamilywealth.com/disclosuresABOUT THE HOST: Jonathan is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate...

Fix It Friday - Overcoming the Wacky Economics of Investor Behavior

2025-06-0615:27

Welcome to Fix-It Friday, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, CEO of Fusion Family Wealth. Each episode dives into common biases that impact our financial choices—and how to fix them. This week, Jonathan unpacks the "wacky economics of investor behavior," shedding light on how irrational actions often contradict traditional economic principles. The episode aims to equip listeners with the knowledge to navigate and overcome common investing biases for better long-term financial decisions.IN THIS EPISODE:[0:18] Introduction to the "wacky economics" of investor behavior[2:06] Traditional economics vs. investor behavior: The concept of "homo economicus"[3:08] Pro-cyclical demand in stock investing: Lessons from the dot-com boom[5:10] Understanding loss aversion bias and its impact on investment decisions[7:12] Buying companies vs. buying stocks: Insights from Warren Buffett[9:45] Market-driven optimism/pessimism bias: The Nvidia ExampleKEY TAKEAWAYS:Loss aversion bias can lead to panic selling during downturns, mistaking temporary declines for permanent losses.Viewing stock purchases as buying parts of companies, rather than abstract financial instruments, can lead to better investment decisions.Investor Behavior: Investors often act irrationally, buying more as prices rise and selling as they fall, contrary to rational economic behavior.Avoid market-driven optimism/pessimism bias by focusing on long-term goals rather than short-term market movements.ABOUT THE HOST: Jonathan Blau is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.RESOURCE LINKS Fusion Family Wealth - WebsiteJonathan Blau - LinkedInPlease Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial. Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Ep 8 - From Childhood Poverty to Wealth Management Industry Pioneer

2025-05-2041:10

Do you want to unlock the secrets to financial success and navigate the complexities of wealth management?This episode will give you the expert insights you need. Jonathan speaks with Shirl Penney, founder and CEO of Dynasty Financial Partners. In this episode, they deep dive into Penney's inspiring journey from humble beginnings to becoming a successful entrepreneur. Their discussion covers the founding and growth of Dynasty Financial Partners, insights into wealth management, and the importance of philanthropy and veteran support. IN THIS EPISODE:(00:00) Introduction(02:36) Shirl Penney's Background and Early Life(08:47) The Value of Mentorship and Building Networks(12:06) Pursuing a career on Wall Street(18:01) Dynasty Financial Partners Growth Trajectory: Is Dynasty Financial Partners profitable?(25:03) Philanthropy and Community: What's it like working at Dynasty Financial Partners? (29:12) Penney's "Around the Track" Podcast(33:44) Recap of the episode with Jon and AmyKEY TAKEAWAYS:Overcoming adversity can fuel success. Shirl's early life challenges instilled a strong work ethic and determination to succeed in finance.Building a robust professional network is crucial. Shirl's proactive approach to seeking mentors and opportunities paved the way for his career.Independent financial advice is vital. Dynasty Financial Partners champions a model that separates advice from product sales, democratizing access to quality financial guidance.Philanthropy enriches lives. Supporting veterans and empowering others to achieve their dreams is a core value shared by both Blau and Penney.RESOURCE LINKS Fusion Family Wealth - WebsiteJohathan Blau - LinkedInDynasty Financial Partners - Website Shirl Penney’s - LinkedInShirl’s Podcast - Around the Track GUEST BIOGRAPHY: Shirl Penney is the founder, CEO, and member of the Board of Directors of Dynasty Financial Partners, one of the leading advocates and platforms for independent wealth advisor firms. Since its launch in 2010, Dynasty has grown to nearly $100B under management.Shirl is from Eastport, Maine, and graduated from Bates College. He and his family live in St. Petersburg where they are active in numerous charitable causes focused on education, poverty, ALS, and veteran services. He is a Fellow of the inaugural class of the Finance Leaders Fellowship, a member of the Aspen Global Leadership Network, and a member of the Young President’s Organization of Florida.Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosuresABOUT THE HOST: Jonathan is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based in Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his...

Fix It Friday - The Three Most Important Numbers In Investing

2025-05-0917:33

Welcome to Fix-It Friday, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, CEO of Fusion Family Wealth. Each episode dives into common biases that impact our financial choices—and how to fix them. This week, Jonathan shares the three most important numbers to manage your wealth in a Bear market. He offers insights into investing strategies during market downturns, emphasizing the importance of maintaining a long-term perspective and avoiding emotional decision-making for wealth preservation. He also discusses historical market trends, inflation, and the significance of proper portfolio allocation. Tune in!IN THIS EPISODE:[00:00] Opening and introduction[00:18] Parody of panic-driven financial advice and current bear market conditions[05:30] The "3 most important numbers" in investing: 10, 6, and 3[07:33] Long-term investing strategy vs. short-term reactions[11:08] Importance of cash reserves in retirement planning[13:11] Historical market recovery patterns in a market cycle[15:17] Is this strategy relevant to older investors seeking wealth preservation?KEY TAKEAWAYS:Understanding the "three most important numbers"—10%, 6%, and 3% for long-term wealth preservation.How to protect our portfolio in a bear market? Retirees should have two to three years of living expenses in low-risk investments to weather market volatility.Historical patterns show a 15% average annual decline in the S&P 500 since 1980, underscoring the need for a consistent strategy.Maintaining a long-term investment strategy is vital; avoid reactive decisions during market downturns for wealth preservation.ABOUT THE HOST: Jonathan Blau is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.RESOURCE LINKS Fusion Family Wealth - WebsiteJonathan Blau - LinkedInPlease Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial. Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Ep 7 - From Transactions to Transformation: A Pioneer’s Journey in Financial Advisor Recruiting with Mindy Diamond

2025-04-2229:41

What’s driving today’s top financial advisors to break away from big firms and go independent? And how can AI change the game without replacing the human element?In this episode, Jonathan sits down with industry powerhouse Mindy Diamond—founder & CEO of Diamond Consultants, and a pioneer in wealth management recruiting—for a deep dive into the evolution of financial advisory careers, the rise of going independent in the financial advisor world, and how her family built a thriving business from the ground up.You’ll hear Mindy’s unique approach to connecting with clients, her take on where AI fits in the future of finance, and her top advice for new advisors entering the industry today. Whether you're navigating your next career move or are curious about where the wealth management world is headed, this conversation delivers insight, inspiration, and clarity. IN THIS EPISODE:(00:00) Opening and introduction(04:04) Mindy shares the approach she takes to the wealth management space(11:13) Mindy’s opinion about AI and speaks about Dynasty that helps financial advisors go independent(15:05) Mindy gives her advice for new financial advisors coming into the industry(16:38) The outlook for the wealth management sector over the next ten years (20:33) How Mindy’s family business became successful(23:47) Listen to Jonathan and Amy’s recap of the episodeKEY TAKEAWAYS:Mindy described her journey from a transactional recruiting background to pioneering a more consultative approach in wealth management recruiting. She emphasized the importance of deeply understanding clients' goals, frustrations, and values before recommending opportunities. This strategy mirrored how top financial advisors shifted from pushing products to offering personalized advice.A significant factor behind the migration from traditional brokerage firms to independent RIAs is a growing incongruence between advisors’ desire for autonomy and the restrictions of large firms. Advisors increasingly want control over serving clients, managing teams, and running their businesses.AI is a tool that can enhance advisors' effectiveness rather than replace them. From streamlining writing and communication to improving operational efficiency, AI can make advisors better at their jobs—but it cannot replicate the human connection.RESOURCE LINKS Fusion Family Wealth - WebsiteJohathan Blau - LinkedInMindy Diamond - LinkedIn Diamond Consultants - WebsiteMindy Diamond - WebsiteEvolution of Wealth Management: From Customer’s Man to Behavioral Counselor with Harvey RadlerGUEST BIOGRAPHY: Mindy Diamond developed an organization that employs a unique relationship-driven approach to helping individuals and organizations achieve what she calls their “Best Business Life.” By counseling advisors on how to ask the right questions and “dig deep,” she helps them examine all of the opportunities available to find the one that allows them to reach their full potential.Please click below for important disclosure information.

Fix It Friday - Rich Yet Reckless: The Surprising Investment Missteps of the Ultra Wealthy

2025-04-1111:36

Welcome to another insightful episode of Fix-It Fridays, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, CEO of Fusion Family Wealth. Each episode dives into common biases that impact our financial choices—and how to fix them. This week, Jonathan discusses the common investing behavioral mistakes the ultra-wealthy make. He shares insights from TIGER 21 and the analysis of billionaire investing habits, bias, and strategy. Tune in!IN THIS EPISODE:00:00 Podcast Intro and Disclaimer01:29 What is TIGER 21 and what does the acronym stand for?02:52 Behavioral Mistakes of Ultra-Wealthy Investors05:24 What is Overconfidence Bias in Investing?06:25 What happened with the TIGER 21 Madoff Ponzi Scheme Scandal?07:57 Familiarity Bias In Real Estate Investments08:59 The Correlation Between Wealth and Investment WisdomKEY TAKEAWAYS:TIGER 21: A Glimpse into Billionaire Investing - Overview of TIGER 21, an investment group managing $170 billion.Behavioral Biases Affecting Billionaire Investors - Ultra-wealthy investors are not immune to common investment biases, often magnified by their resources and confidence.Case Studies of Billionaire Investment Missteps - Real-world examples show the dangers of recency bias and overconfidence in investment decisions.Human Nature and Investing - Understanding and mitigating biases is crucial for successful investing, regardless of wealth.ABOUT THE HOST: Jonathan Blau is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.RESOURCE LINKS Fusion Family Wealth - WebsiteJonathan Blau - LinkedInPlease Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial. Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Fix It Friday - Beyond Bear Markets and Recessions: Learn the Two Biggest Risks to Investor Wealth

2025-03-2812:30

Welcome to another insightful episode of Fix-It Fridays, the podcast segment that simplifies financial strategies to help you make smarter decisions. Hosted by Jonathan Blau, CEO of Fusion Family Wealth, each episode dives into common biases that impact our financial choices—and how to fix them. This week, Jonathan tackles the two biggest threats to investor wealth: inflation and investor behavior. Focusing on long-term financial success, he offers valuable advice on navigating these challenges. Tune in!IN THIS EPISODE:00:00 Podcast Intro and Disclaimer00:50 What are the external and internal threats to wealth?02:24 How does inflation erode purchasing power?04:26 What are Loss Aversion and Ambiguity Bias in Investing?05:58 How can investor behavior become an internal threat?06:59 Long-term stock market performance despite volatility08:31 How bond investments can impact your portfolio09:32 Gold as an Inflation Hedge: Myth vs. Reality10:34 External threats: how the media influence investorsKEY TAKEAWAYS:Inflation impacts purchasing power, making it essential to consider an inflation hedge within your portfolio to protect investor wealth.Investor behavior, influenced by biases such as loss aversion and ambiguity bias, can lead to poor investing decisions. Understanding these biases is crucial for effective financial planning.Predictions and media influence can skew investor psychology, often leading to volatility misconceptions and missteps during bear markets.Jonathan emphasizes the importance of a diversified portfolio to mitigate threats to wealth, including sequence of return risk.Bond investments play a strategic role in safeguarding against the sequence of return risk, especially for those approaching retirement.ABOUT THE HOST: Jonathan is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.RESOURCE LINKS Fusion Family Wealth - WebsiteJonathan Blau - LinkedInPlease Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial. Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Ep 6 - How to Succeed in Volatile Markets: Things Most Won’t Hear From Big Brokerage Firms, Investment Banks and Financial Media (CNBC)

2025-03-2032:34

Welcome to another insightful episode of the Crazy Wealthy Podcast hosted by Jonathan Blau, CEO of Fusion Family Wealth. In this episode, Jonathan addresses investor concerns about market volatility, offering insights and strategies to maintain a rational perspective during uncertain times. He also guides listeners through understanding market fluctuations and the importance of a long-term investment approach in volatile markets. Tune in!IN THIS EPISODE:00:00 Podcast Intro and Disclaimer02:01 What Does Market Volatility Mean for Investors?03:34 Recent Market Corrections: A 10% drop in the S&P 500 is not unusual06:07 Will Market Volatility Hurt My Portfolio?11:13 Which Market is Most Volatile?18:50 Misconceptions on Warren Buffett's Strategy22:25 Importance Of Diversification Beyond S&P 50024:27 The Most Important And Difficult Action In Volatile Markets26:11 Podcast Recap with Jonathan and AmyKEY TAKEAWAYS:Market volatility is essential for achieving premium returns and should not be feared.Market corrections are normal; understanding the historical context can prevent panic.Recessions occur regularly and should be viewed as part of the economic cycle.Long-term investment strategies outperform attempts to time the market.Warren Buffett's approach underscores the importance of investing in quality businesses.ABOUT THE HOST: Jonathan Blau is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his family.RESOURCE LINKS Fusion Family Wealth - WebsiteJonathan Blau - LinkedInPlease Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial. Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Ep 5 - Prioritizing Purpose Over Profit for Success: NY State Assemblyman Steve Stern’s Journey from Childhood to Advocate for Veterans, Elders and the Long Island Community

2025-03-0438:58

In this episode, Jonathan sits down with New York State Assemblyman Steve Stern, who is proud to serve his fourth term representing the 10th Assembly District. Since his election in 2018, Assemblyman Stern has championed critical legislation to safeguard groundwater, support veterans, protect children’s health, and combat the opioid epidemic. Together, Jonathan and Steve explore the intersection of wealth, policy, and service—discussing how financial well-being extends beyond numbers to impact communities, legislation, and the lives of those who have sacrificed for our country. Tune in for a compelling conversation that redefines what it means to be genuinely "crazy wealthy." IN THIS EPISODE:(00:00) Introduction(01:30) Steve shares his professional background and his interest in Elder Law, Veterans Affairs and Estate Planning in the Long Island Community(07:45) How Steve’s interest in elder law began(13:17) Money was never the motivation for Steve’s career (18:21) Steve shares his childhood(23:45) Jonathan discusses society in the ’50s, ’60s, and ’70s(27:08) Steve leaves listeners with a final word about veterans(31:16) Amy joins Jonathan to recap this episode!KEY TAKEAWAYS:As a New York State Assemblyman, Stern has recently been appointed chairman of the State Assembly Committee on Veterans Affairs. This role is particularly significant given Long Island's large veteran population, making it his personal and community-driven priority.Many, especially younger generations, expect instant success. But true success comes from patience, persistence, and passion—chasing money alone leads to dissatisfaction.Higher incomes don’t guarantee happiness—social media and rising material expectations fuel dissatisfaction. True happiness comes from contentment and defining “enough,” not chasing more.RESOURCE LINKS Fusion Family Wealth - WebsiteJohathan Blau - LinkedInSteven H Stern, Attorney - WebsiteGUEST BIOGRAPHY: Steve Stern is honored to be re-elected for a fourth term as New York State Assemblyman for the 10th District. First elected in a 2018 special election, he hit the ground running, passing six bills in his first six weeks to protect groundwater, support veterans, and safeguard children's health. He has secured historic funding for local schools and law enforcement to combat the opioid crisis and gang violence. As Chairman of the Veterans Affairs Committee, Steve has championed legislation to expand veteran benefits, employment opportunities, and protections for veteran homebuyers and Service-Disabled Veteran-Owned Businesses.Please Note: No individual has been provided nor promised any direct or indirect economic benefit for sharing Fusion podcasts/articles/opinions. No post should be construed as any assurance that a reader will find the podcast/article/opinion beneficial.Please click below for important disclosure information.https://www.fusionfamilywealth.com/disclosures

Fix It Friday - The S&P 500, Performance Chasing and the Dangers of Outcome Bias

2025-02-2115:56

Welcome to Fix It Fridays on the Crazy Wealthy Podcast with Jonathan Blau, CEO of Fusion Family Wealth. In these quick episodes, Jonathan unpacks common financial missteps and the behavioral biases that often trip up even the savviest investors. Today's episode dives deep into the dangers of “Performance Chasing.” He'll explore the importance of proper diversification beyond simply owning multiple funds with similar holdings and discuss overcoming biases like confirmation and recency bias to make informed investment decisions.IN THIS EPISODE:[1:15] Jonathan defines “Performance Chasing” and provides examples of why investors do it[5:06] Example of Performance Chasing documented by Morningstar and becoming a wealth destroyer[7:44] The importance of staying diversified [12:10] Good advice for investors on the long-term perspective [12:54] Jonathan gives an example of “DINO diversification” and “true diversification”KEY TAKEAWAYS:Investing heavily in assets that have recently performed well can be risky. This "performance chasing" can lead to concentrated portfolios and significant losses when those assets decline. History provides numerous examples, such as the dot-com bubble, where investors suffered losses by heavily concentrating their investments on a few high-flying stocks.Diversification is essential for long-term investment success. However, avoiding "DINO" (Diversification In Name Only) portfolios is crucial, where multiple funds hold significant exposure to the same assets. Proper diversification requires investing across various asset classes, sectors, and investment styles.Successful investing emphasizes long-term goals and avoids short-term speculation. The power of compounding demonstrates the importance of consistent investing in a diversified portfolio over the long term. Making investment decisions based solely on short-term market trends and recent performance can harm long-term financial success.RESOURCE LINKS Fusion Family Wealth - WebsiteJohathan Blau - LinkedInABOUT THE HOST: Jonathan is the President and CEO of Fusion Family Wealth, a firm he founded in 2013 that emphasizes behavioral finance to help clients make rational financial decisions in uncertain times. Known for his clear and engaging approach, Jonathan is a sought-after speaker in wealth management and investing. His background includes senior roles in tax and estate planning at Arthur Andersen, and he holds a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based on Long Island with his family, Jonathan is active in the local business community and supports causes like the Middle Market Alliance and Sunrise Day Camp. He enjoys boating in his spare time.Fusion Family Wealth, Performance Chasing, Diversification, Long-Term Perspective, Investing, Risk Management, Asset Allocation, Portfolio Management, Behavioral Finance, Compounding, Market Volatility, Financial Planning, Investment Strategy

#box-pro-ellipsis-176437382870236{-webkit-line-clamp:2;}Crazy Wealthy Podcast