In Episode 59 of The Money Alchemist Podcast, Brent Gargano and Ben Jones discuss one of the largest IPOs in history as SpaceX officially goes public, raising billions and pushing Elon Musk's net worth to unprecedented levels.

The conversation explores how IPOs work, why companies go public, what investors should know about IPO volatility, and whether participating in high-profile public offerings is actually a good investment strategy.

The episode also covers new stock market highs, recent developments in the Middle East, the growing debate around AI regulation, and what today's headlines may mean for investors.

In Episode 59, topics include:

• The SpaceX IPO • Elon Musk's Net Worth • How IPOs Work • IPO Risks & Volatility • Private vs Public Companies • Stock Market All-Time Highs • AI Regulation & Anthropic • Investing Psychology • Portfolio Diversification • Wealth Building Principles

About Your Hosts

Ben Jones, CFP® Managing Director, National Wealth Management Group www.nwmgadvisors.com

Sign up for Ben's newsletter at www.karatstick.com

Follow Ben on X @thekaratstick

Brent Gargano, CFP® Founder & Advisor, Infinite Wealth Planning www.infinitewealthplanning.com

Questions or comments?

comments@moneyalchemistshow.com

Timestamps

00:00 Welcome Back & Episode Introduction

02:35 Recapping Episode 58 with Dr. Bryan Buechner

04:45 Consumer Psychology & Investing

12:00 Middle East Updates & Market Impact

15:00 Why Markets Keep Hitting New Highs

18:45 AI Adoption & Career Implications

22:15 Anthropic, AI Regulation & Government Intervention

30:00 SpaceX IPO Explained

34:30 How IPOs Actually Work

38:30 Elon Musk Becomes The World's First Trillionaire

46:30 Should Investors Participate In IPOs?

49:00 Why IPOs Often Struggle After Launch

53:00 Valuations, Dilution & Share Issuance

57:30 Concentration vs Diversification

59:30 Final Thoughts

The information provided on this podcast is for educational and informational purposes only and should not be construed as personalized investment, financial, tax, or legal advice. The views expressed here are those of the hosts and guests and do not necessarily reflect the views of National Wealth Management Group, LLC or its affiliates.

Investing involves risk, including the potential loss of principal. There is no guarantee that any investment strategy discussed will be successful or profitable. Past performance is not indicative of future results.

Economic discussions are based on current data and opinions, which are subject to change and may not accurately predict future events. We encourage listeners to conduct their own research and seek guidance from a certified financial advisor before making any decisions.

Advisory services are offered through National Wealth Management Group, LLC. For more information about National Wealth Management Group including Forms ADV and CRS, please visit www.nwmgadvisors.com.

Have you ever bought something and immediately wondered, "Why did I spend money on that?"

In Episode 58 of The Money Alchemist Podcast, Brent sits down with Dr. Bryan Buechner, marketing professor at Xavier University and expert in consumer psychology, to explore the hidden forces that influence our financial decisions every day.

Together they discuss how marketing shapes behavior, why self-control is more complicated than simply "spending less," and how consumers can make better purchasing decisions in a world filled with endless choices, targeted advertising, social media, AI recommendations, and subscription services.

They also dive into topics such as Costco's cult-like customer loyalty, the rise and fall of Peloton, the psychology of pricing, consumer biases, AI shopping assistants, decision fatigue, loyalty programs, and how understanding consumer behavior can ultimately help you become a better steward of your money.

Whether you're trying to spend more intentionally, improve your financial habits, or simply understand why companies market the way they do, this episode offers practical insights that can help you make better decisions with your money.

Managing Director, National Wealth Management Group www.nwmgadvisors.com Sign up for Ben’s newsletter at www.karatstick.com Follow him on X @thekaratstick https://www.linkedin.com/in/ben-nwmg/

Founder & Advisor, Infinite Wealth Planning www.infinitewealthplanning.com https://linkedin.com/in/brent-gargano-cfp®-2067b573

Comments or questions? www.nwmgadvisors.com.

Is AI about to replace financial advisors?

In this episode of The Money Alchemist Podcast, we explore how AI tools like ChatGPT, Claude, and Grok are beginning to influence investing, financial planning, and the way people search for financial advice online.

We compare how AI responds to both simple and complex financial questions and discuss where these tools may be useful — and where they can still fall short compared to experienced advisors.

We also dive into markets, inflation, rising interest rates, prediction markets, consumer spending, and the growing role technology is playing across finance and decision-making.

• Kevin Warsh confirmed by the Senate • Long-term Treasury yields spike above 5% • What higher bond yields could mean for mortgage rates • Consumer spending reaches new highs as inflation remains elevated • Bank of America insights on market behavior and spending trends • US-China summit developments and market implications • 60 Minutes segment on prediction markets and insider trading concerns

Managing Director, National Wealth Management Group www.nwmgadvisors.com Sign up for Ben’s newsletter at www.karatstick.com Follow him on X @thekaratstick https://www.linkedin.com/in/ben-nwmg/

Founder & Advisor, Infinite Wealth Planning www.infinitewealthplanning.com https://linkedin.com/in/brent-gargano-cfp®-2067b573

Comments or questions? https://www.wsj.com/finance/investing/i-asked-chatgpt-to-manage-a-stock-portfolio-heres-how-it-did-0d62900b

Bank of America Insights: https://institute1.bofa.com/C/?q=e4SyKUJSHPg

The information provided on this podcast is for educational and informational purposes only and should not be construed as personalized investment, financial, tax, or legal advice. The views expressed here are those of the hosts and guests and do not necessarily reflect the views of National Wealth Management Group, LLC or its affiliates.

Investing involves risk, including the potential loss of principal. There is no guarantee that any investment strategy discussed will be successful or profitable. Past performance is not indicative of future results.

Economic discussions are based on current data and opinions, which are subject to change and may not accurately predict future events. We encourage listeners to conduct their own research and seek guidance from a certified financial advisor before making any decisions.

Advisory services are offered through National Wealth Management Group, LLC. For more information about National Wealth Management Group including Forms ADV and CRS, please visit www.nwmgadvisors.com.