Marc To Markets

Send us a textOn this episode I talked about how working with a financial advisor has changed during Covid.  I ponder what that might look like through the rest of the 2021, and how it changes when move through Covid and into the "new normal".   I also try to give you an insight into the genesis of Marc to Markets and look for ways in which in can improve going forward.   The episode wraps up with a quick outlook on the markets, and what has me most nervous as we enter the fall.With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future re

Send us a textYou may have noticed over the past few years that your local doctor has joined a larger medical group or a hospital system.  Why did that happen?  As a physician, or as an advisor to a healthcare practice, you may be considering  selling a practice as a retirement plan or way to increase reimbursements and decrease expenses.  In this episode I speak with Daniel Brunello, a Director in the Bernstein Wealth Strategies Group, to learn more about consolidation in the healthcare industry.   We discuss who the top buyers of healthcare practices are and what motivates them.   Daniel covers strategies for handling the real estate associated with a practice and the best way to prepare the business to maximize sale price.  We also give our top tip for physicians trying to save for retirement who are not considering selling their practice.  With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented an

Send us a textOn this episode I look back on the 1st half of 2021  and provide an outlook for the path forward.  Topics covered include: Why would the market go up from here?Our perspective on inflationWhat is happening in overseas marketsDo fundamentals and research matter anymore?An update on the ever changing future of taxesThis episode is a replay of a client webinar from April 19, 2021.  With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podca

Send us a textThe Biden administration has proposed sweeping legislation, which would create major changes to the tax code and impact current capital gains, corporate, and estate tax treatment.  I'm joined by Bernstein's Director of Wealth Strategies Research Tara Thompson Popernik to make sense of the proposed changes.  We discuss how to manage your portfolio in this environment, when the policy would go into effect, the likelihood that it passes, how business owners and investors with large unrealized gains should evaluate the impact, and strategies to keep more money in your pocket. With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any pr

Send us a textThe sale of a closely held business is often a defining moment for a family.   A successful transition plan encompasses not only financial consideration, but the personal, family, legacy, and gift/income/and estate tax issues that surround a deal.  To go more in-depth, I talk with two experts on the subject.  First, I'm joined by attorney Thomas Collura.  Tom is a Partner at Hodgson Russ.  Tom’s practice is focused on representing privately held companies and their owners in a wide range of corporate, tax and commercial matter.  Then, I'm joined by Andrew Jones, a Managing Director at Pipler Sandler.  Andy's practice focuses on advising private equity firms, entrepreneurs and corporate clients on mergers & acquisitions transactions.With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and the

Send us a textOn this episode I look back on the 1st quarter and provide an outlook for the path forward.  Topics covered include: An analysis of the market 1 year since the start of the Covid crisis? Is the economic impact of Covid behind us? After a 78% rally in the US, what is left to drive markets higher?  Are higher interest rates, tax rates, and inflation a reason to be worried about your portfolio?  Are there any attractive opportunities at this point?This episode is a replay of a client webinar from April 19, 2021.  With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past per

Send us a textMany investors are stuck with too much cash on their balance sheet and are paralyzed by how to put it to work in what appears to be a very unclear outlook for investments.  Stocks are high, interest rates are low.   Many are asking themselves the following questions: I de risked in March; that was a mistake…what can I do now?  Do I buy stocks with the market is at an all time high?  Will I earn anything in bonds with interest rates this low?  How do I advise my client who had a liquidity event, but wants to wait for a market correction to deploy the cash?On this episode, Bernstein financial advisor Amanda Beebe and I discuss the answers to these questions and other related topics.With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no

Send us a textOn a special Marc to Markets episode, we go about as far away from finance as possible.  I break down College Basketball's March Madness Tournament with Damon Amendolara, host of CBS Sports Radio's The D.A. Show, and Dave Friedman, the Play-By-Play announcer of Winthrop Basketball.  We cover the landscape of sports during Covid-19 and the financial importance of March Madness.   We talk about how the tournament will look and feel different this year, and then Dave and Damon give their best tips to winning your family or office pool.   With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this

Send us a textOn this episode I'm joined by Roosevelt Bowman, a Senior Investment Strategist at Bernstein.  We discuss the impact of massive stimulus on the economy and stock market both in 2021 and long term, the far reaching impact of the recent stock movement in GameStop, how technology is changing the rules of investing, and we end with our thoughts on Bitcoin.     With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informati

Send us a textOn this episode I talk with David Lieberman of Oxford Properties, Kim Shankman of DouglasElliman, and Michael Levinson of Houlihan Lawrence to discuss the state of real estate.  My conversation with Dave focuses on the commercial market, with Kim NYC residential, and with Michael the suburbs.  We cover how each has fared through Covid, the state of the industry today, and where we go from here.  With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this po

Send us a textOn this episode I discuss the market and economy as we enter the new year.  Some of the topics include: Our research into the future path of Covid-19, the most interesting opportunities in the market, are municipal bonds risky, and will there be a wave of large defaults, and the impact of the Biden administration on markets and tax policy.This episode is a replay of a client webinar from January 2021.With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of th

Send us a textEverywhere you look, restaurants are building outdoor dining accommodations ranging from tents to upscale structures with uniquely branded al fresco experiences.  How did an entire industry pivot to adapt during Covid? I get that answer on this episode from Arsean Maqami, Principal at DB Partners - one of New York City’s leaders in the building of outdoor dining spaces. Any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for info

Send us a textOn this episode we talk about year-end tax planning and how it is different in 2020 post-elections in the U.S.  I am joined by Tara Popernik, the Director of Research in the Wealth Strategies Group at Bernstein.  We cover: Proposed changes to the income, capital gains, and estate tax, who should do extra planning before year-end, and the likelihood of tax reform over the coming years.  Any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This pod

Send us a textOn this episode I update my Covid-19 scorecard through October, dig into the extent of the US economic recovery, discuss different election scenarios and what each means for the stock and bond markets, and cover year-end tax planning guidance for various election outcomes.This episode is a replay of a client webinar from October 13, 2020.  For the Zoom video and slides please contact me at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. Alli

Send us a textSince March, it seems like nearly every week a different company or familiar brand is filing for bankruptcy. On this episode, I explore how corporate bankruptcy works, and how the virus has impacted and accelerated restructurings. Listen in for perspectives on the path forward for several well-known industries, and why individuals choose to invest in this space.  On this episode I’m joined by Christina Pullo, Vice President of Global Corporate Actions at Prime Clerk LLC, a leading restructuring services firm, and Michael Glanzer, Managing Partner at Glanzer Brothers, an investment and advisory firm with expertise in the bankruptcy process.  Any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the

Send us a textThis is an audio recording from a client webinar on August 24th.  Some of the topics include: Why does the market continue to go up when the news is so bad?  What is the impact of the election on markets?  Is the whole rise in the market based on tech stocks?  How to be opportunistic today if your goal is to target long-term growth?  How to protect your retirement in an uncertain market? With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. T

Send us a textOn this episode, I’m joined by Adam Levinson, Co-Founder of Medal Dash.  We discuss the business of virtual runs, and why his company is thriving during the coronavirus pandemic.  Adam explains how social distancing is reshaping the fitness industry. We then broaden the conversation to cover topics ranging from why an online community can thrive during the pandemic, how to use social media and search engine optimization for effective marketing, and ways in which business may be different post Covid-19.     With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past perform

Send us a textOn this episode I update to my Covid-19 scorecard through June, explore the apparent disconnect between the weakness of the economy and the strength of the stock market, discuss putting money to work in such a volatile market, and review potential election outcomes on the market.  This episode is a replay of a client webinar from June 20, 2020.  For the Zoom video and slides please contact me at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice

Send us a textOn this episode, I’m joined by Matthew Penziner, an Executive Director at NYU Langone Health to discuss the impact of Covid-19 on hospitals and the healthcare system.  We discuss the basic economics of a hospital system.   We cover how Covid-19 has impacted the financial strength of the healthcare system, how the state and federal government can ensure hospitals are well positioned during and after the pandemic, and how telemedicine has grown in recent months.With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The view

Send us a textOn this episode I discuss the market and economy as it relates to the Coronavirus.  Some of the topics include: An explanation of the current market run-up and the risks that continue to exist; Some of the most interesting charts from the past few week; and the market impact of an explosion of new retail investors.  This episode is a replay of a client webinar from April 13, 2020.With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podc