Off The Wall

Monument Wealth Management
  • 5,0 (32)
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OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about. Connect with us on Instagram @MonumentWealth or on LinkedIn at Monument Wealth Management. Thanks for joining us!

  1. 8 THG 4

    Good Quarter or Bad Quarter? Depends on What You Were Watching

    The headlines said Q1 2026 was rough. The data we're watching tells a different story. In this Q1 Market review, Dave Armstrong and Nate Tonsager set aside the noise — yes, including the Iran conflict they've already covered at length — and dig into what was actually happening beneath the surface of the markets in Q1 2026. Spoiler: it was a lot more interesting than a -3.5% S&P 500 reading suggests. Nate kicks things off with an underappreciated housing market update: prices are easing without mortgage rates having to do the heavy lifting — and why that's actually a healthy sign for the broader economy. Dave follows with a breakdown of what the market's internal health really looked like last quarter, using sector performance data to show how energy, materials, utilities, consumer staples, and industrials were quietly carrying significant weight while big tech grabbed all the negative headlines. Then the conversation turns to Bitcoin. Nate pulls no punches: in his view, Bitcoin is a trading asset — not an investing asset, not digital gold. Dave riffs on why he'd call it something closer to "digital guessing" — and why that's not necessarily a dealbreaker, as long as you're honest about what you're doing and how much of your portfolio you're putting at risk. Think of it like the casino: a few chips on the roulette table is fine. Going all in on red? That's a different conversation. It's one of their favorite episode formats — no guests, no guardrails, just two portfolio strategists riffing on what actually mattered last quarter and what investors should be paying attention to going into Q2.       Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights: 0:00 — Opening Claim: Bitcoin Is Not an Investment  0:22 — Welcome and Q1 Quarterly Review Setup  1:49 — Housing Affordability Is Quietly Getting Better  5:24 — Supply Is Up and 2008 Fears Are Overblown  9:38 — Why Q1 Looked Worse Than It Really Was  11:28 — Moving Averages, Market Breadth and Hidden Strength  13:04 — The Sectors That Quietly Won the Quarter  15:51 — Concentration Risk and Data Driven Rotation  20:21 — Bitcoin Is a Trading Asset, Not an Investment  29:54 — Crypto, Gold and the Art of Educated Guessing  33:24 — Closing Thoughts, Brackets and How to Reach Us   Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   Check out our Between Sips Podcast: Where Money Meets Meaning Because money without meaning never feels like wealth. https://monumentwealthmanagement.com/between-sips-podcast/   About "Off the Wall":    Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.   Learn more about our hosts on our website at https://monumentwealthmanagement.com

    36 phút

  2. 23 THG 3

    Volatility Isn't the Problem—Your Reaction Is

    When markets get volatile, the instinct is to react. That's usually where investors go wrong. With oil prices rising, geopolitical tensions escalating, and headlines driving uncertainty, it's easy to assume this time is different. But beneath the noise, the same core principles still apply. In this AMA episode of Off The Wall, Nate and Dave break down what rising oil prices really mean for inflation and interest rates, how the Fed is thinking about rate cuts in a more uncertain environment, and why most market shocks tend to be temporary, even when they don't feel like it. They also unpack what's happening inside private credit markets, why liquidity matters more than yield, and how misunderstood risks are starting to surface now that conditions have tightened. From military strategy analogies to portfolio construction, this episode is a reminder that volatility isn't something to avoid, it's something to plan for. Because the biggest risk in moments like this isn't the market. It's making the wrong move at the wrong time.   Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights: 0:00 — Start Here: Don't Panic 3:47 — Today's Big Questions 6:21 — Oil Prices Are Rising - Here's What That Means 12:47 — Why Oil Spikes May Not Last 15:05 — War, Headlines, and Market Reactions 21:50 — Why Cash Planning Matters More Than Timing 25:51 — Private Credit, Explained Simply 30:16 — What's Breaking in Private Credit 34:31 — Where Opportunity Is Showing Up Now 37:53 — Ask Us Anything + Final Thoughts   Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   Check out our Between Sips Podcast: Where Money Meets Meaning https://monumentwealthmanagement.com/between-sips-podcast/   About "Off the Wall":  Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.   Learn more about our hosts on our website at https://monumentwealthmanagement.com

    40 phút

  3. 9 THG 3

    The Million-Dollar Illusion: What Your Portfolio Is Actually Worth

    How much of the money in your portfolio actually belongs to you? If you're investing in taxable accounts, the number on your statement isn't the full picture. A portion of it already belongs to the IRS. The challenge is that taxes on investments don't show up along the way the way they do in your paycheck. They often appear when you sell a position, rebalance your portfolio, or realize gains you weren't thinking about. For successful investors, that tax exposure can have a bigger impact on long-term results than expected. In this episode of Off The Wall, Nate and David break down how to think about tax efficiency as part of a portfolio strategy. They discuss when municipal bonds make sense, why the difference between long-term and short-term gains matters, how holding onto losing investments "until they come back" can work against you, and how tax-loss harvesting can turn volatility into something useful. Your portfolio's job is to grow. But the real objective is keeping more of what that growth produces. — Have a question you want answered on a future Ask Monument Anything episode? Email us at offthewall@monumentwm.com and we might tackle it on the show.   Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights:   0:00 — Why Tax Efficiency Matters (And The Million-Dollar Illusion) 3:28 — Taxable Accounts, Income Design, And Municipal Bond Strategy 7:00 — After-Tax Yield Vs Headline Yield (What You Actually Keep) 10:15 — Unrealized Gains, Basis, And Capital Gains Timing 14:05 — When To Hold, When To Sell, And Using Losses Strategically 17:12 — Offsetting Gains And Long-Term Carryforwards 19:20 — Direct Indexing, Replacement Trades, And Tax Harvesting 25:12 — Don't Let The Tax Tail Wag The Dog + AMA Invite   Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   Check out our Between Sips Podcast: Where Money Meets Meaning Because money without meaning never feels like wealth. https://monumentwealthmanagement.com/between-sips-podcast/   About "Off the Wall":    Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA, and Nate Tonsager, CIPM, bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feel chaotic.   Learn more about our hosts on our website at https://monumentwealthmanagement.com

    32 phút

  4. 24 THG 2

    Bitcoin, the Supreme Court, and Your Money

    The market's been up three years in a row… will it go for a fourth? You scroll past a headline about Bitcoin falling 45%, tariffs getting overturned, and tensions rising overseas, and suddenly you're wondering if your portfolio is sitting on a fault line. This episode is for that moment. Nate and Dave walk through the questions investors are asking right now: Can the market really keep going after three strong years?  What does a Supreme Court tariff ruling actually mean for your money?  Why is Bitcoin sliding while stocks hold up? More importantly, how much of this should change what you're doing? Tune in for our perspective, probabilities, and a reminder that despite the ongoing uncertainty you can always have a plan. If you've felt that low-grade tension in the background lately, this conversation may help you regain some clarity.   [Resources Mentioned] Ben Carlson's blog, "A Wealth of Common Sense" https://awealthofcommonsense.com/       Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights:   0:00 — Welcome Back to our AMA: Ask Monument Anything 1:23 — Iran Tensions And Economic Ripple Effects 7:42 — Can Markets Extend The Winning Streak? 13:10 — Probabilities, Long-Term Returns, And Perspective 19:21 — Supreme Court Tariffs And Who Benefits 26:10 — Volatility As The Price Of Admission 26:37 — Bitcoin Selloff, Leverage Unwind, And What Could Restart Demand Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   Check out our Between Sips Podcast: Where Money Meets Meaning Because money without meaning never feels like wealth. https://monumentwealthmanagement.com/between-sips-podcast/   About "Off the Wall":    Markets are noisy. Your time is limited. Off the Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.   Learn more about our hosts on our website at https://monumentwealthmanagement.com

    33 phút

  5. 9 THG 2

    Borrowing From Your Portfolio: Smart Strategy or Hidden Risk?

    If you've built significant wealth in your investment portfolio, you may have more flexibility than you think. In this episode, Emily Harper, CFP(R) joins the show to talk about how borrowing against your portfolio actually works—including margin loans and pledged asset lines of credit (PALs)—and why many high-net-worth investors use them as strategic tools for liquidity and tax planning. We cover when these strategies can make sense, where the risks lie, and what to consider before tapping your portfolio for cash. From managing short-term cash needs to avoiding unnecessary portfolio sales, this conversation is all about using your wealth intentionally and keeping your options open. Have a question you'd like us to answer on a future episode? Email us at offthewall@monumentwm.com.         Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights:   0:00 — Reason to borrow from your portfolio 1:50 — Tax-aware reasons investors choose borrowing over selling 4:20 — Real-world cash flow situations where this actually matters 6:55 — Margin basics: how it works and common use cases 10:40 — Margin risks, interest costs, and forced-sale scenarios 14:45 — Pledged asset lines explained and how they differ from margin 18:10 — Rates, spreads, pricing power, and trade-offs 24:20 — Planning payments, payoff strategy, and optionality going forward Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   Check out our Between Sips Podcast: Where Money Meets Meaning Because money without meaning never feels like wealth. https://monumentwealthmanagement.com/between-sips-podcast/   About "Off the Wall":    Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.   Learn more about our hosts on our website at https://monumentwealthmanagement.com

    33 phút

  6. 28 THG 1

    Greenland, China, Market Rotation and What Actually Matters for Your Money

    Some weeks call for rain boots because the conversation is going somewhere most people would rather avoid. This episode steps into charged territory on purpose: geopolitics, tariffs, China and Taiwan, Greenland, and the policy decisions shaping today's headlines. There's no posturing here and no outrage bait, just a willingness to talk through complex questions instead of skirting around them. From there, the focus shifts to what actually matters for investors: how markets tend to react when policy dominates the news cycle, why short-term volatility shows up, and how data and discipline help cut through the noise. It's a reminder that staying informed doesn't mean staying reactive. — Submit your questions for the next Ask Monument Anything episode at Offthewall@monumentwm.com — Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights:   0:00 — Mailbag Setup And Topic Preview 2:10 — Greenland, Policy Not Politics 6:30 — Western Hemisphere Strategy And Oil 9:40 — Tariff Threats And Market Volatility 13:40 — Rare Earths, Greenland, And Leverage 16:20 — China–Taiwan Risk And Market Impact 20:00 — Shipbuilding Gap And Naval Capacity   Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   Check out our Between Sips Podcast: Where Money Meets Meaning Because money without meaning never feels like wealth. https://monumentwealthmanagement.com/between-sips-podcast/ About "Off the Wall":    Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.   Learn more about our hosts on our website at https://monumentwealthmanagement.com

    39 phút

  7. 12 THG 1

    What Last Year Taught Us About Staying Invested

    A new year always brings fresh predictions, louder headlines, and plenty of pressure. In the first Off the Wall episode of the year, Nate W. Tonsager, CIPM and David B. Armstrong, CFA take a step back and anchor the conversation in the reality of what happened in 2025, and why that context is essential as we head into 2026. They reflect on the surprises that shaped last year and connected those lessons to the environment ahead. Key topics: Global markets and why international equities outpaced U.S. stocks in 2025 Volatility, drawdowns, and what last year revealed about investor behavior Why diversification showed up when it mattered most The absence of a recession and what surprised markets along the way Interest rates, inflation, and what the data suggests for 2026 Historical patterns that shape expectations for the year ahead —-   Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights:   0:00 — We're back: college football picks and the market backdrop 2:46 — 2025 market winners: why global stocks outperformed 6:10 — The S&P 500 question, behavior gaps, and staying invested 12:23 — 2025 surprises: no recession, tariffs, and asset class shifts 21:18 — What worked: metals, market tails, and quiet standouts 24:48 — What we're watching for 2026: diversification, election-year volatility, and cash planning   Resources Mentioned: 11:41 - What is Direct Indexing? Customization, Taxes, and More - Monument Wealth Management - https://monumentwealthmanagement.com/resource/direct-indexing-benefits-taxes/   Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   About "Off the Wall":    Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.   Learn more about our hosts on our website at https://monumentwealthmanagement.com

    38 phút

  8. 16/12/2025

    What Investors Asked: Predictions, Bitcoin, and Gold

    In this Ask Monument Anything episode, we're answering real questions from listeners of the show. From a question about Michael Burry's bold predictions and why they continue to draw attention, to a discussion of Bitcoin's unusual performance in 2025 and the renewed curiosity around gold as a potential safe-haven asset, the conversation then shifts to private credit's emerging role inside 401(k) target-date funds.   Key takeaways: • The patterns that show up again and again when attention-grabbing forecasts circulate • Forces that pushed Bitcoin into an unexpected direction this year • A renewed focus on gold as investors look for steadier ground • Some new considerations for retirement savers as private credit enters target-date funds • Shifts in interest rates that reshape valuations and private-market activity • Context that helps separate meaningful insight from fast-moving headlines   Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures   Episode Timeline/Key Highlights:   0:00 – Your Questions Answered in This Episode 2:58 – The Michael Burry Obsession and Timing Challenges 10:20 – Consistency Over Hero Trades 12:40 – Bitcoin's 2025 Divergence and Crypto Volatility 20:10 – Supply, Demand, and the Case for "Own It or Don't" 23:15 – Private Credit in 401(k)s: Fees, Liquidity, and Hidden Risks 34:05 – Bonus Question: Rate Cuts and Private Equity Connect with Monument Wealth Management:    Visit our website: https://monumentwealthmanagement.com/   Follow us on Instagram: https://www.instagram.com/monumentwealth/#   Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/   Connect on Facebook: https://www.facebook.com/MonumentWealthManagement   Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit   Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/   About "Off the Wall":    Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.   Learn more about our hosts on our website at https://monumentwealthmanagement.com

    37 phút
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Giới Thiệu

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about. Connect with us on Instagram @MonumentWealth or on LinkedIn at Monument Wealth Management. Thanks for joining us!

Thông Tin

  • Nhà sáng tạo
    Monument Wealth Management
  • Năm hoạt động
    2021 - 2026
  • Tập
    86
  • Xếp hạng
    Sạch
  • Bản quyền
    © Monument Capital Management
  • Trang web chương trình
    Off The Wall