Have you thought about investing into space? Mark Boggett, CEO of Seraphim, shares the investment opportunities in the rapidly expanding space industry. He explains how innovations led by SpaceX dramatically lowered launch costs and increased access to space, catalyzing growth in satellite constellations and data-driven applications for defense, climate, and communications. He emphasizes that near-term investment potential lies in defense and climate-related uses of satellite data, rather than speculative ventures like space travel or asteroid mining. He also highlights the growing importance of sustainability, debris management, and more.

We discuss...

• Mark Boggett is a career technology investor who founded Seraphim Space, the world's first space-focused investment fund.
• Seraphim Space operates a global accelerator, a private venture fund, and a publicly listed growth fund on the London Stock Exchange.
• Boggett shifted focus to space investing after recognizing how technologies like AI, telecommunications, and 3D printing were transforming the sector.
• SpaceX revolutionized space access by reducing launch costs from $86,000 to $1,000 per kilogram and dramatically increasing launch frequency.
• Smaller, cheaper satellites now enable massive constellations that provide real-time Earth observation and global connectivity.
• Investment opportunities in space fall into three categories: upstream (launch and satellites), downstream (data and applications), and in-space (future lunar and interplanetary activities).
• The most investable areas today are defense and climate-related satellite data applications rather than speculative space travel or mining.
• The falling cost of launch is paving the way for large-scale space infrastructure, including future data centers powered by solar energy.
• Space debris is an emerging challenge, driving new industries focused on monitoring, avoiding, and removing defunct satellites.
• Regulatory changes now require satellite operators to deorbit defunct satellites within five years, accelerating growth in orbital cleanup services.
• Defense is a major driver of demand for satellite technology in intelligence, communications, navigation, and asset protection.
• The "in-space" category includes lunar landers, space stations, and eventual habitation or mining ventures, though these remain long-term prospects.
• NASA's new funding model relies on private companies like Axiom Space and Voyager to build commercial space stations.
• Boggett concludes that while long-term prospects like lunar mining are exciting, the current trillion-dollar opportunity lies in satellites, data, and communication serving Earth-based customers.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Phil Weiss | Apprise Wealth Management
• Douglas Heagren | Mergent College Advisors

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For more information, visit the show notes at https://moneytreepodcast.com/investing-into-space-mark-boggett-760

There are record levels of money market funds, but it doesn't mean quite what you think. Today we also explore recent market volatility sparked by Trump's brief tariff announcement and a sharp crypto sell-off that triggered stop-loss cascades. We also analyze seasonal trends, the rotation from mega-cap tech into value and small-cap stocks, and why most active managers underperformed the S&P 500 this year. We talk the importance of diversification, understanding risk tolerance, and viewing corrections as part of normal market cycles rather than reasons to panic.

We discuss...

• Markets experienced sharp volatility following Trump's brief tariff announcement and a cascading crypto sell-off.
• How stop-loss triggers and algorithmic trading can amplify short-term market moves.
• Gold and silver pullbacks are healthy corrections within a long-term bullish thesis on precious metals.
• Portfolio allocation and risk management are critical to surviving sharp market drawdowns.
• Seasonal patterns are examined and late-year volatility can set up strong year-end rallies.
• Underperformance of active managers relative to the S&P 500 comes from narrow market leadership.
• Don't chase short-term moves, instead focus on long-term positioning.
• We explore how investor psychology and herd behavior can magnify both rallies and declines.
• The episode touched on how retail investors often get whipsawed when reacting emotionally to news-driven moves.
• The conversation compared current market sentiment to prior bubbles in meme stocks and crypto.
• Diversification is the best protection against unpredictable volatility events.
• How market manipulation and liquidity gaps can distort short-term price signals.
• The discussion linked rising geopolitical uncertainty with the growing appeal of hard assets.
• We underscore the importance of having a clear thesis and sticking to it through market noise.
• Volatility should be viewed as opportunity, not danger, for prepared investors.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Phil Weiss | Apprise Wealth Management

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For more information, visit the show notes at https://moneytreepodcast.com/record-levels-of-money-market-funds-759

CPA Rachel Farris joins us to talk about how you can benefits from Puerto Rico's Act 60 tax incentives by becoming bona fide residents of the island. Rachel explains how the program was created to attract capital and talent to Puerto Rico, the rules around residency and post-move appreciation, and the common pitfalls people face when trying to qualify.

She also discusses lifestyle differences, cost of living, and more, as the Act requires genuine relocation and compliance with IRS rules to be done correctly.

We discuss...

• Rachel Farris explains Puerto Rico's Act 60 tax incentives and how they allow U.S. citizens to pay 0% on capital gains, interest, and dividends.
• The program offers a 4% corporate tax rate for businesses relocated to Puerto Rico.
• Rachel details the legal requirements for becoming a bona fide Puerto Rican resident.
• The conversation covers the importance of distinguishing pre-move and post-move capital gains for tax purposes.
• Kirk and Rachel discuss common pitfalls people face when trying to qualify for Act 60 benefits.
• They explore how Act 60 was designed to attract capital, entrepreneurs, and skilled professionals to Puerto Rico.
• Rachel outlines lifestyle differences between the mainland U.S. and Puerto Rico.
• The discussion includes the island's cost of living, housing options, and healthcare quality.
• Education systems and family considerations for those relocating are reviewed.
• Rachel emphasizes the need for real relocation and compliance with IRS residency rules.
• They touch on hurricane preparedness and infrastructure realities of island living.
• The episode concludes with insights on how to properly structure a business move to maximize Act 60's benefits.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance
• Douglas Heagren | Mergent College Advisors

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For more information, visit the show notes at https://moneytreepodcast.com/puerto-ricos-act-60-rachel-farris-758