Quoth the Raven #318 - Andy Schectman: BRICS Expansion, Dollar’s Demise & 2024 Election

Quoth the Raven

Business, Comedy, Business:investing, Investing

4.5 • 979 Ratings

🗓️ 27 August 2023

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andy is the President & Owner of Miles Franklin Precious Metal Investments. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business. He is [email protected]. Subscribe to my Substack, Fringe Finance, here: http://quoththeraven.substack.com Podcast listeners can take 50% off a Substack annual subscription for life by using this link: https://quoththeraven.substack.com/subscribe?coupon=92245385 Contribute a paltry recurring donation via Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via PayPal: https://www.paypal.me/qtrresearch QTR merch is available here. You can also follow me on YouTube, and Twitter. THANK YOU TO ALL OF MY KIND PATRONS. Please show love to those who support the QTR Podcast: Masterworks - use code QTR at Masterworks.com to skip the waiting list JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Sang Lucci & Wall St. Jesus — The Steamroom — Twitter: @wallstjesus and @sanglucci Longest Running Supporters Max Mulvihill - Since 2/2018 Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018 Chris Bede - Since 5/2018 Dariusz Kordonski - Since 5/2018 Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018 Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer. Chris is not an investment adviser. Listeners should always speak to their personal financial advisers. Please leave me alone. Masterworks Disclaimer: This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC’s website at www.sec.gov.

Transcript

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0:00.0	All right, this is the Q man. We got Andy Sheckman here to break down all of the bricks chaos with us today.
0:06.7	First and foremost, let me shout out the people that support the podcast.
0:10.4	Hey, it has been an uncertain year. The markets are out of control volatile and who knows what's going to be coming around the corner with rates at 5%.
0:20.0	Goldman Sachs, Black Rock say the days of there is no alternative.
0:25.0	T INA, you may have seen that acronym, are over.
0:28.0	RIA reports 88% of surveyed advisors intend to increase allocations to alternatives over the next two
0:34.7	years with over half raising allocations all the way to 15 percent and institutions
0:39.7	are already maxed out at 30 to 50% in alternative investments. What are they looking into?
0:46.0	Goldman specifically names fine art among the ways to help protect your
0:49.6	purchasing power. In 2022 the big three auction houses posted record high revenues of 17.7 billion
0:56.8	the best auction year ever the global art market is still exceeding its
1:01.0	pre-pandemic level according to the 2023 UBS art market report.
1:06.0	And as my listeners already know, how can you take advantage of that?
1:11.0	Tens of thousands of everyday investors already used today's sponsor,
1:14.4	Masterworks, who I love by the way, where you can invest without needing millions or an art
1:19.5	degree. Every painting I have made investments with Masterworks before myself.
1:25.0	It's the only way that somebody like me could gain access to priceless works of art,
1:30.0	or at least works of art that I would not otherwise be able to afford for certain.
1:36.0	Every painting Masterworks has sold to date has delivered a positive return to their investors,
1:40.1	every one, including net annualized return of 10, 17, and even 35% all this year.
1:45.8	I get the emails on those, I see them.
1:48.3	Naturally, past performance is not a guarantee of future returns, as I always say on this show any investing
	...

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