Invest Like a Billionaire

What are high-net-worth investors actually doing with their portfolios right now?In this episode, Bob and Ben sit down with Litan Yahav, co-founder of Vyzer, to break down insights from $30 billion in real investor data—not surveys, but actual portfolio behavior.The results are surprising.From a major shift out of private markets… to where capital is flowing instead… to how investors are rethinking due diligence—this episode gives you a clear look at how sophisticated investors are positioning today.In this episode:The shift from private to public marketsWhere capital is still flowing in private investmentsWhat investors may be getting wrong right nowHow AI is changing deal analysis and due diligenceHave more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠⁠⁠⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠⁠⁠⁠⁠⁠  to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/

Is a recession coming? Oil prices, inflation, and Fed rate cuts explained.With oil prices rising and tensions in Iran escalating, many investors are asking: Will higher oil trigger a recession in 2026?In this episode, Ellis sits down with Bob & Ben to break down:-Oil prices and their impact on inflation-How energy costs affect the economy and markets-Fed interest rate cuts and recession risk-Consumer spending trends (70% of GDP)-What happens if oil hits $100–$120-Real estate and investment outlookKey insight: Rising oil alone doesn’t cause a recession—but sustained high prices can.Have more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠⁠⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠⁠⁠⁠⁠  to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/

What should investors actually look for in a Private Placement Memorandum (PPM)?In this episode, Ellis Hammond sits down with Ben Fraser and Bob Fraser to break down real examples of PPMs that raised major red flags — including unlimited sponsor expenses, huge placement fees, and deal structures that shift risk entirely onto investors.They walk through what a private placement memorandum is designed to do, why experienced investors focus more on the risks than the upside, and the specific sections you should read before investing in a private deal.If you invest in real estate syndications, private equity, private credit, or alternative investments, learning how to evaluate a PPM can help you avoid costly mistakes.Have more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠⁠⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠⁠⁠⁠⁠  to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/

Is private credit about to collapse?The $1.7 trillion private credit market has grown rapidly, but recent write-downs from major funds like BlackRock and KKR are raising concerns about a potential private credit crisis.In this episode, Ellis Hammond sits down with Ben Fraser, CIO of Aspen Funds, to explain what’s happening in private credit, why some funds are showing stress, and what investors should watch for before investing in private credit funds.Have more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠⁠⁠⁠  to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠⁠⁠⁠https://aspenfunds.us/

Christopher Nelson, founder of WealthOps and former three-time IPO tech executive, helps high-net-worth individuals build micro family offices. He recounts sudden-wealth lessons and the mindset shift from income generator to family CEO. He explains structuring portfolios to serve lifestyle, creating a legacy statement, building micro family office operations, and involving the next generation.

Seth Bradley, Chief Legal Officer at TribeVest and fund-formation attorney, explains how professionals can turn personal networks into compliant fund-of-funds and SPV businesses. He covers why fund-of-funds beat co-GP models, the step-by-step launch checklist, compensation structures, who succeeds as a capital raiser, and real-world case studies of rapid capital raises.

Bob and Ben recap the biggest insights from our 2026 Economic Outlook and Macro Forecast presentations, featuring perspectives from Belinda Román, John Chang, and Jay Parsons. They cover GDP growth expectations, potential Fed rate cuts, housing market trends, and real estate investment signals — plus why investor sentiment may matter more than the data in the near term.A fast, data-driven snapshot of the 2026 economy, rates, and real estate outlook.Have more questions, or want more resources like a tax calculator? Go to ⁠⁠⁠https://investlikeabillionaire.org/⁠⁠⁠  to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠⁠https://aspenfunds.us/

In this episode, Bob Fraser shares his presentation from our 2026 Macro Economic Outlook event, breaking down the investable megatrends shaping 2026. From AI and productivity to real assets and interest rates, learn how to invest with the tide and position your portfolio for what’s next.Have more questions, or want more resources like a tax calculator? Go to ⁠⁠https://investlikeabillionaire.org/⁠⁠  to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠⁠https://aspenfunds.us/

California is pushing a wealth tax. Missouri just eliminated capital gains tax. What does that mean for investors?In this episode, Ellis Hammond sits down with Bob and Ben Fraser to break down the billionaire tax battle between CA vs. MO—and how high-net-worth investors adapt. Learn how the wealthy use LLCs, balance-sheet thinking, and smart tax strategy to legally protect and grow their wealth.If you want to pay less in taxes and keep more of your returns, this episode is for you.Don’t miss the 2026 Macro Economic Outlook—announced in the outro of this episode! Sign up here: ⁠https://aspenfunds.us/2026-macro-economic-outlook/⁠Have more questions, or want more resources like a tax calculator? Go to ⁠https://investlikeabillionaire.org/⁠  to learn more about our community. Check out Ben & Bob’s company and invest along at ⁠https://aspenfunds.us/

Dr. Peter Linneman, Wharton professor and real estate economist known for Lineman Associates and influential housing research. He unpacks why a shrinking federal workforce shifts labor to the private sector. He explains how rate cuts and capital rotation revive real estate. He explores AI’s realistic productivity effects and why multifamily demand stays strong amid a single-family shortage.