Gary Allen on Business – Back Soon

fresh startGARY ALLEN ON BUSINESS

Greetings everyone. In case you have not been paying attention, I have taken some time off in recent months. After 19 years on the air, I took a sabbatical to recharge the batteries and to just take a break from the grind. For much of my radio career I was broadcasting six days a week and providing thousands of business updates every year. It may be hard to imagine but after a while it does become a grind.

I have totally enjoyed my time off but I am now getting the itch to start broadcasting again. The good news for listeners is my program will be back on the airwaves of KNBR very soon.

Look for further details in the coming weeks about when the show will be back on the air. 2017 will mark my 20th year associated with KNBR. It should be a fun year. Happy New Year to everyone and I look forward to having further conversations on the radio with all of you.

Gary

Gary Allen on Business: Sunday, August 14, 2016 – Podcast Now Available

ABLE ACT529 ABLE Accounts Big Deal for Disabled People

Most people know about 529 College Savings Accounts but few are aware of the new exciting changes under code section 529A. Passed in 2014, the Stephen Beck Jr., Achieving a Better Life Experience Act of 2014 is the single biggest improvement for the financial future of disabled people in a very long time. 

Until the passage of the ABLE act most disabled individuals have been trapped in a life of government imposed poverty. Unfortunately, disabled people have been limited to financial assets of less than $2,000 or they would lose their government benefits. All of that is about to change with ABLE accounts.

Listen to the highlights of the exciting ABLE accounts program on this week’s program. The great news is disabled people will be allowed to have modest financial wealth and retain their government benefits. Wonderful news for the disabled community and their families.

Fiduciary ComparisonFiduciary Standard Versus Suitability Standard of Care

A recent interaction with an intern from a financial services firm on the east coast crystallizes the difference between being a fiduciary and a salesperson. This short segment is a great lesson in understanding the differences between a professional and a salesperson in the financial services industry. 

The All-Weather Portfolio and Goals-Based Investing

The final segment of the program introduces the concept of an all weather portfolio and focusing on your needs or goals. It is a change in thought process from the usual product driven/returns driven investment mindset.

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Contact Information – Gary Allen

If you have a question for Gary or would like to contact him, the best way is through email at gallen@prudentllc.com. You can also try his office at 916.436.8331 but he responds more quickly through email.

Rare Interview with Costco Co-Founder Jim Sinegal

Jim Sinegal Interview

Costco Co-Founder and Former CEO

Jim Sinegal / at Costco store Nepean, Ontario

I have had a number of requests from people about the recent interview with Costco co-founder and ex-CEO Jim Sinegal. While the interview with Jim is included in the podcast from the show on Sunday, July 31, 2016 (segment 3), below you will find a podcast of only that segment. That should make it easier for anyone trying to find the interview with Jim.   

It was a real pleasure to have the interview with Jim Sinegal who does not often provide interviews these days. Thanks to the folks at The Organic Coup for arranging the visit with Jim. The interview contains some excellent advice and observations for entrepreneurs and employees alike. 

Sinegal

Podcast of Jim Sinegal Interview

Gary Allen on Business – KNBR 680 AM San Francisco, Original Broadcast on Sunday, July 31, 2016

Gary Allen on Business: Sunday, July 31, 2016: Podcast Now Available

The Organic Coup Interview

On the program this week an interesting story about a new startup in the fast food industry. The Organic Coup is America’s first certified organic fast food restaurant. The mission is a big one, in fact a revolution in the fast food industry. The upstart promises fast, healthy, organic food that promises to reinvent the concept of fast food.

The_Organic_Coup_Dennis___Erica.0The driving force behind the company are two former Costco executives without restaurant experience. However, Erica Welton is a well-known executive considered to be one of the most influential organic food individuals in the country. Erica was at the center of turning Costco into the world’s largest organic retailer. Her partner is long-time Costco executive Dennis Hoover.

The two represent an excellent partnership between Welton’s vision for the company and Hoover’s deep operational experience running Costco’s crucial Northern California region for many years.

While the two do not have direct restaurant experience, it is easy to see in the interview that Costco’s passion for excellence, quality and efficiency are key factors in the startup. In addition, the organic supply chain relationships developed by Welton are crucial for the company’s ability to scale up from its current three locations to as many as ten by the end of the year.Many more company owned restaurants are planned over the next few years.

The combination of clean, healthy, fresh food with the efficiency of Costco and an aspiration to match In-N-Out Burger’s service could be a disruptive force in the fast food industry. Only time will tell if Welton and Hoover with their team can scale and execute on the mission, but so far so good. 

On a personal note, everyone (including me) at KNBR 680 & 1050, KGO 810, KSFO 560 and 107.7 the Bone who tried their signature organic fried chicken sandwich gave it a big thumbs up. That is a huge endorsement since radio stations live on fast food 24/7. 

SPECIAL GUEST

Jim SinegalJim Sinegal – Former CEO and Co-Founder of Costco

It was a real coup (pun intended) to have Jim Sinegal of Costco fame call into the program to talk about his business experiences and his connection to The Organic Coup. The retailing legend offers some excellent advice to business owners and employees in segment three of the program. 

FURTHER INFORMATION

signature-sandwichThe company currently has three locations (Pleasanton, San Francisco, Pleasant Hill) with more to come in the near future. You can find more information about The Organic Coup at www.theorganiccoup.com.

CONTACT INFORMATION – Gary Allen

If you would like to contact Gary or have a question for him email is the best method. His email address is gallen@prudentllc.com or you can try to contact him at 916.436.8331. 

PODCAST

Sunday, July 31, 2016

The Organic Coup

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Gary Allen on Business: Sunday, July 31, 2016 Broadcast: The Organic Coup (A Fast Food Revolution?)

The Fast Food Organic Revolution

In 2015, the fast food industry generated approximately $200 billion in sales in the United States from more than 200,000 locations. However,  fast food has a general reputation for unhealthy food, poor working conditions and very low wages. Into this rugged playing field, two former retail executives with no restaurant experience are aiming pretty high.

The Organic Coup (yes a play on words, think organic revolution) is making big plans to disrupt and change the fast food industry. Yes, bold plans are often laid out by entrepreneurs and most do fail, but something seems different as The Organic Coup begins to hatch its plans for fast food stardom.   

The_Organic_Coup_Dennis___Erica.0Two highly experienced former Costco executives have launched their revolution in Northern California to shatter the fast food industry’s reputation for unhealthy food by boldly becoming the nation’s first organic certified fast food operation.  While the restaurant industry is something new, the two co-founders have deep and influential organic experience.

Erica Welton helped turn Costco into the nation’s largest organic retailer (yes it’s true), while Dennis Hoover was responsible for the company’s Bay Area region ($11 billion in sales and 15,000 employees). The two experienced executives are taking the Costco mentality and applying it to the fast food industry. One of the early investors in The Organic Coup is legendary Costco Co-founder Jim Sinegal.

BROADCAST

The Organic Coup Story

On the program tomorrow (Sunday, July 31, 2016) our guests will be Erica Welton and Dennis Hoover co-founders of The Organic Coup. It is a great story about a startup that might just shake up the fast food industry in a big way.

***SPECIAL GUEST***

Jim Sinegal, Former CEO and Co-Founder of Costco

Jim Sinegal

Jim Sinegal is a legendary retailer and considered to be a major contributor to one of the greatest American retailing stories. It is rare to get an interview with Jim and something not to be missed.  

Going to be a great show!

Gary

Gary Allen on Business – Northern California Workshops

How Most People Feel About the Financial Services Industry

Dan Ackroyd

Cowbells

The reality? 

I wish I was only talking about sleazy salespeople from a classic Saturday Night Live skit, but sadly, that is not the case. Too often people have been taken advantage of by salespeople in the financial services industry that are not as easy to spot as the famous characters above. 

Over the past 18 years I have heard so many horror stories from my KNBR listeners about their situation. Often there is a common theme of expensive or inappropriate financial products often sold by people they don’t trust. The road is littered with expensive products, high fees and outrageous commissions that have damaged the financial future of many people.   

I happen to believe that most people are interested in a straight-forward, transparent relationship that is free of conflicts of interest and always in their best interest. Most financial advisers fail to deliver on these basics and rely on greed and fear to sell products.

For 18 years I have been on KNBR personally delivering straight-talk without the B.S., talking about business and investment issues that matter to most people. I want to thank my listeners for making my program so successful and popular over the years. Many people have asked why I don’t do workshops for people around the Bay Area. I have had a number of reasons not to, but after so long, I have run out of excuses not to provide them.

However, I will not compromise on my integrity and my commitment to provide my listeners with straight-talk and no B.S. So my workshops will have a very different feel from the usual provide food, sell something hard and then sell it some more events that people in my industry use to take advantage of you. 

I will deliver education and information just like I do on my radio program. At the end of the event I hope you have a better understanding of how I think you should invest and take care of your financial life. If you would like to meet me I would enjoy meeting you as well. If you want to know what my firm does and how we help people that’s fine too. But you will never and I mean never get a hard sales pitch from anyone I work with. We educate people and give you the opportunity to make your own well-informed decisions. It is your money and your life!   

CONCERN

One of my concerns is a lot of people might sign up for the event and then for whatever reason not attend. This  means other people who would like to go cannot. It also makes it very hard to manage from a numbers standpoint.  As I thought about this, just like magic, one of my listeners provided me with a great idea.

Instead of making it a free event like I planned, we will charge a nominal fee for the event and then donate every penny to charity. Each event will have a fee of $10 for an individual or $15 for a couple. And no we will not be checking to see if the couple is married, living together or whatever. Just sign up and come. Thank you Ed from Palo Alto! 

WORKSHOP LOCATIONS

I need your help. Where should I hold the workshops? Please help me out by using the form below to get on our workshop list and to let us know where you would like to see one held. By the way, please share this with your friends. Thank you in advance for helping me on this and I look forward to meeting all of you in person after all this time! 

 

 

 

United Kingdom Leaves the European Union

United Kingdom Citizens Surprise the Experts and Vote to Leave EU (What Does it Mean to Me?)

UK EU PictureOn June 23, citizens of the United Kingdom voted to leave the European Union. While there has been much speculation leading up to and since the vote, many of the longer-term implications of the referendum remain unclear, as the process for negotiating what a UK exit may look like are just beginning.

Prudent Investor Advisors and its team of professionals has decades of experience managing portfolios, including during periods of uncertainty and heightened volatility. We monitor market events very closely and consider the implications of new information as it comes to light. We are paying close attention to market mechanisms and they appear to be functioning well. Our investment philosophy and process have withstood many trying times and we remain committed.

We urge caution in allowing market movements to impact long-term asset allocation. Long-term investors recognize that risks and uncertainty are ever present in markets. A drop in prices is generally due to lower expectations of cash flows, higher discount rates, or both. In some cases, a drop is also due to investors demanding liquidity. In the current situation, some investors and economists may expect lower cash flows due to possible trade barriers that may not be implemented. Higher discount rates may be occurring due to uncertainty about changes in the economic landscape and regulations. We have seen markets increase discount rates in times of uncertainty before, resulting in lower prices and increased expected returns.

However, it is difficult to know when good outcomes will materialize in the future. By attempting to time the right moment to buy or sell, one risks not enjoying the potential benefits of such materializations. Many of those who exit the markets miss the recoveries. What we have often seen in the past is that investors who remained in well-diversified portfolios were rewarded over time.

The UK will have up to two years to negotiate a withdrawal, during which time it remains subject to EU treaties and laws. Any potential operational changes depend on what path the UK and EU decide to take. There is plenty of speculation out there about what is going to happen. However, no one knows what the future holds. In fact, the experts were completely wrong about the expectations for this election. The political experts and the famous English bookies were completely wrong about the will of the citizens of the UK to leave the European Union. We would advise against listening to these same so-called experts who are now calling for financial ruin.

UK EU Picture2The UK has voted to leave the European Union however to the best of our knowledge it remains committed to the planet Earth. There are many questions that remain to be answered but the UK will continue to be a meaningful player in the global economy whether it is a member of the European Union or not.

Prudent remains committed to helping our clients navigate the uncertainties of the world and to help them focus on what is within their control. Our advice to clients remains the same. Focus on your personal situation, make certain your goals are clear, and make changes to your investments based on changes in your circumstances. A well-diversified, lower cost, institutional portfolio like those managed by Prudent are designed as all-weather portfolios.

Poor investment decisions are often made as people react emotionally to news and events. The wall-to-wall coverage of the events in Europe only raise this level of stress. If you want to focus on Europe we have a suggestion for you. Turn the channel to one of the UEFA 2016 soccer games and enjoy the match.

After the soccer match if you are still worried about current events, please take some time to read through our Pursuing a Better Investment Experience paper. It outlines the ten items that any investor should focus on to improve their chances of a better investment experience.

Request a Free Copy of “Pursuing a Better Investment Experience”.

Better Investment ExperienceThis easy to read document provides a road map for investors to focus on the right things to improve your chances for a successful investment experience.

Contact Gary by email to request a copy of the document. Please put Pursue a Better Investment Experience in the RE line of your email. 

Gary Allen      

916.436.8331

gallen@prudentllc.com