The Millionaire Next Door

MAR 17, 2026

Sector Rotation, AI Spending, and What Market Momentum Is Telling Us with Miles Clark (Ep. 93)

Markets can feel calm on the surface while powerful shifts happen underneath. Are recent pullbacks a warning sign, or simply part of a broader rotation? In this episode, Robert Curtiss welcomes back Miles Clark of Nasdaq Dorsey Wright to break down sector rotation, weakening tech leadership, and renewed strength in international equities. They explore how momentum strategies respond to shifting trends, why AI spending faces rising scrutiny, and what participation indicators reveal beneath flat index performance. The conversation also covers sentiment signals, precious metals, crypto volatility, and the importance of selecting the right benchmark. Miles shares key insights: <ul> <li>Why six sectors now outperform the S&P 500 after years of narrow tech leadership</li> <li>How momentum strategies adapt when former winners begin to weaken</li> <li>What sentiment data suggests when bears begin to outnumber bulls</li> <li>The impact of massive AI infrastructure spending on tech valuations</li> <li>Why benchmark selection matters more than chasing index headlines</li> <li>And more!</li> </ul> Resources: <a href="https://www.seia.com/team/robert-curtiss/">Educational videos (bottom of the page)</a>   Connect with Miles Clark : <ul> <li aria-level="1"><a href="https://www.linkedin.com/in/miles-clark-5936a7170/">LinkedIn: Miles Clark</a></li> </ul> <ul> <li aria-level="1"><a href="https://www.nasdaq.com/solutions/global-indexes/nasdaq-dorsey-wright">Nasdaq Dorsey Wright </a></li> </ul> Connect with Robert Curtiss: <ul> <li><a href="mailto:[email protected]">[email protected]</a></li> <li>(626) 795-2944</li> <li><a href="https://www.seia.com/team/robert-curtiss/">About Robert Curtiss </a></li> <li><a href="https://www.linkedin.com/in/robertcurtisscwm/">LinkedIn: Robert Curtiss</a></li> <li><a href="https://www.facebook.com/TheRobertJCurtiss">Facebook: Robert Curtiss</a></li> <li><a href="https://www.seia.com/">SEIA</a></li> <li><a href="https://www.linkedin.com/company/signature-estate-&-investment-advisors-llc/">LinkedIn: SEIA</a></li> </ul>   About Our Guest: Miles currently works as a Research Analyst for Nasdaq Dorsey Wright (DWA), a boutique investment advisory and asset management division of Nasdaq focused on providing quantitative strategies to Wall Street and professional money managers globally. Since 1987, DWA has been a recognized expert in relative strength and momentum through the application of Point & Figure (XO) charting, as well as a thought leader in tactical portfolio construction. Miles joined the DWA team as an intern in 2021 and now creates technical-based analysis and client-facing research in the firm’s Daily Market Analysis segment, with more focused coverage in the communication services, industrials and cryptocurrency spaces. Other areas of involvement to note include supplementing broad-based technical indicator and research projects and the creation of weekly media distributed to prospective clients.

31 MIN

MAR 3, 2026

Private Markets and Long-Term Investing with Chris Schelling, CAIA (Ep. 92)

Long-term investing can feel more difficult when headlines are loud and markets seem unpredictable. What happens when investors stop reacting to daily noise and start thinking like institutions that plan decades ahead? In this episode, Robert Curtiss welcomes Chris Schelling, CAIA, Managing Director at Aksia, to explore how private markets have shaped institutional portfolios and why some individual investors may now gain access to approaches like those used by institutions, depending on account type, regulatory eligibility, and minimum investment requirements. They break down private equity, private credit, liquidity planning, diversification across vintages, and the importance of manager selection. The conversation also touches on volatility, long-term return expectations, and what advisors and investors should look for when evaluating alternative investments. Key takeaways: <ul> <li style="font-weight: 400;" aria-level="1">How institutional investors approach private markets — and what does that mean for access and implementation for individual investors with long-term horizons and diversified portfolios</li> <li style="font-weight: 400;" aria-level="1">Why private equity and private credit returns differ from public markets over multi-year periods</li> <li style="font-weight: 400;" aria-level="1">The role of liquidity planning and why private investments are not truly locked up for a decade</li> <li style="font-weight: 400;" aria-level="1">Why manager selection matters more in private markets than in public equities</li> <li style="font-weight: 400;" aria-level="1">How simplified structures have made private investments easier for individual investors to access</li> <li style="font-weight: 400;" aria-level="1">And more!</li> </ul> Resources: <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.seia.com/team/robert-curtiss/">Educational videos (bottom of the page)</a></li> </ul> Connect with Chris Schelling: <ul> <li><a href="https://www.linkedin.com/in/christopher-schelling/">LinkedIn: Christopher Schelling</a></li> <li><a href="https://www.aksia.com/">Website: Aksia </a></li> </ul> Connect with Robert Curtiss: <ul> <li><a href="mailto:[email protected]">[email protected]</a></li> <li>(626) 795-2944</li> <li><a href="https://www.seia.com/team/robert-curtiss/">About Robert Curtiss </a></li> <li><a href="https://www.linkedin.com/in/robertcurtisscwm/">LinkedIn: Robert Curtiss</a></li> <li><a href="https://www.facebook.com/TheRobertJCurtiss">Facebook: Robert Curtiss</a></li> <li><a href="https://www.seia.com/">SEIA</a></li> <li><a href="https://www.linkedin.com/company/signature-estate-&-investment-advisors-llc/">LinkedIn: SEIA</a></li> </ul> About Our Guest: Chris Schelling is an investor, advisor, and published author. With degrees in psychology, business, and finance, Chris is an expert at incorporating insights from behavioral finance into investment decision-making. During his 20+ year tenure in the investment industry, building portfolios, mostly focused on alternatives, Chris has met with over 4,000 managers and allocated roughly $7 billion, generating top quartile to top decile returns across hedge funds, real assets, private credit, and private equity.

31 MIN

FEB 17, 2026

Opportunity Zones Explained: What’s Changing in 2027 and Why It Matters with Michael O’Shea (Ep. 91)

For investors facing concentrated wealth or future liquidity events, understanding tax-aware planning options matters long before decisions are required. Opportunity Zones are one of the most talked-about and least understood tools in that conversation. In this episode of The Millionaire Next Door Podcast, Robert Curtiss sits down with Michael O’Shea, CFA, Head of Private Wealth at Origin Investments, to unpack one of the most misunderstood and potentially powerful tax planning tools available today: Qualified Opportunity Zones. Together, they walk through how Opportunity Zones work, why the original structure created a temporary pause in interest, and why upcoming changes beginning in 2027 may reopen the door for investors facing large capital gains. The conversation focuses on real-world planning scenarios, including concentrated stock positions, private business exits, and highly appreciated real estate. Michael explains how Opportunity Zones differ from 1031 exchanges, what the long-term benefits may look like when paired with professionally managed real estate development, and why advanced coordination with tax and legal advisors matters. This episode is designed as an evergreen educational resource for investors who want to understand their options well before a liquidity event occurs. Key takeaways: <ul> <li style="font-weight: 400;" aria-level="1">How Qualified Opportunity Zones work and why they were created</li> <li style="font-weight: 400;" aria-level="1">What’s changing in Opportunity Zone legislation starting in 2027</li> <li style="font-weight: 400;" aria-level="1">How Opportunity Zones may help address large capital gains from stocks, businesses, or real estate</li> <li style="font-weight: 400;" aria-level="1">Why long-term real estate development and coordinated planning are key to using this strategy effectively</li> <li style="font-weight: 400;" aria-level="1">And more!</li> </ul> Resources: <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.seia.com/team/robert-curtiss/">Educational videos (bottom of the page)</a></li> </ul> Connect with Michael O’Shea: <ul> <li><a href="https://origininvestments.com">Origin Investments </a></li> <li><a href="https://www.linkedin.com/in/mikeoshea12/">LinkedIn: Michael O’Shea </a></li> </ul> Connect with Robert Curtiss: <ul> <li><a href="mailto:[email protected]">[email protected]</a></li> <li>(626) 795-2944</li> <li><a href="https://www.seia.com/team/robert-curtiss/">About Robert Curtiss </a></li> <li><a href="https://www.linkedin.com/in/robertcurtisscwm/">LinkedIn: Robert Curtiss</a></li> <li><a href="https://www.facebook.com/TheRobertJCurtiss">Facebook: Robert Curtiss</a></li> <li><a href="https://www.seia.com/">SEIA</a></li> <li><a href="https://www.linkedin.com/company/signature-estate-&-investment-advisors-llc/">LinkedIn: SEIA</a></li> </ul>   About Our Guest: Michael brings more than 18 years of real estate and capital markets expertise to Origin as Director and Head of Private Wealth Solutions. In this role, he leads the firm’s capital raising initiatives, oversees the sales strategy, and develops strategic partnerships with Registered Investment Advisors (RIAs) to expand Origin’s investment platform. Previously, Michael served as the head of Origin Exchange, the firm’s 1031 Exchange Platform. During his career in the alternative investment sector, Michael has played key roles with various real estate sponsors, facilitating the syndication of more than $10 billion in commercial real estate investments, including over $500 million in 1031 tax-deferred exchanges. Michael holds an MBA with dual concentrations in Finance and Real Estate Investment from DePaul University, where he graduated summa cum laude. He earned his bachelor’s degree from Purdue University and is a CFA® charterholder. A resident of Elmhurst, Michael lives with his wife Lauren and their three children Declan, Alice, and Tristan. Outside of work, he enjoys golf, Chicago sports, and spending time with his family.

32 MIN

FEB 3, 2026

Balancing Markets, Policy, and AI Spending in the 2026 Outlook Peter Repetto (Ep. 90)

Markets are entering a year shaped by crosscurrents, shifting signals, and unresolved questions. Economic strength, policy decisions, and investment concentration all point to a period that demands close attention and thoughtful positioning. In this episode, Robert Curtiss speaks with Peter Repetto, Vice President and Investment Strategist at iCapital, about their 2026 economic and market outlook. They explore slowing labor trends alongside strong GDP growth, the role of AI investment, and how fiscal and monetary policy may influence markets. The conversation also covers inflation risks, tariffs, and why selectivity across asset classes matters heading into a midterm election year. Key takeaways: <ul> <li>How slowing job growth contrasts with strong GDP readings and what that tension could mean for 2026</li> <li>Why AI capital spending remains a key growth driver, but requires careful company selection</li> <li>The impact of tariffs, fiscal policy, and court decisions on rates and equity markets</li> <li>Why earnings growth, not valuation expansion, may define equity returns next year</li> <li>How private markets and alternative strategies may help address concentration and volatility</li> <li>And more!</li> </ul> Resources: <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.seia.com/team/robert-curtiss/">Educational videos (bottom of the page)</a></li> </ul> Connect with Peter Repetto: <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/in/peter-repetto-baa1a21b0/">LinkedIn: Peter Repetto</a></li> <li style="font-weight: 400;" aria-level="1"><a href="https://icapital.com/">iCapital</a></li> </ul> Connect with Robert Curtiss: <ul> <li><a href="mailto:[email protected]">[email protected]</a></li> <li>(626) 795-2944</li> <li><a href="https://www.seia.com/team/robert-curtiss/">About Robert Curtiss </a></li> <li><a href="https://www.linkedin.com/in/robertcurtisscwm/">LinkedIn: Robert Curtiss</a></li> <li><a href="https://www.facebook.com/TheRobertJCurtiss">Facebook: Robert Curtiss</a></li> <li><a href="https://www.seia.com/">SEIA</a></li> <li><a href="https://www.linkedin.com/company/signature-estate-&-investment-advisors-llc/">LinkedIn: SEIA</a></li> </ul> About Our Guest: Peter is a Vice President and Investment Strategist at iCapital, focusing on developing and delivering research, investment ideas, and thought leadership content for external and internal audiences on behalf of iCapital’s Investment Strategy team. Prior to joining the firm, Peter spent over eight years at Franklin Templeton Investments, where he contributed to their asset allocation strategy and macroeconomic research. Peter holds a BA in Economics from Fairfield University.

32 MIN

JAN 20, 2026

Turning Equity Exposure Into Monthly Income With Auto Callable ETFs with Matt Kaufman (Ep. 89)

Reliable income is harder to find when markets shift, and traditional tools feel less predictable. Many investors are looking for new ways to generate cash flow without stepping away from equity exposure altogether. This week, Robert Curtiss welcomes Matt Kaufman, Head of ETFs at Calamos Investments, to explain how auto-callable strategies work and why they are gaining attention. They break down how equity-linked income differs from bonds, how coupons are generated, and where these tools may fit inside a portfolio. The conversation also covers risk considerations, tax treatment, and how ETFs are changing access to structured strategies. Key points: <ul> <li style="font-weight: 400;" aria-level="1">How equity markets can be used to generate consistent monthly income instead of relying on bonds</li> <li style="font-weight: 400;" aria-level="1">Why auto callable strategies trade upside participation for predictable cash flow</li> <li style="font-weight: 400;" aria-level="1">How downside barriers work and when coupons may pause or resume</li> <li style="font-weight: 400;" aria-level="1">Tax treatment differences compared to traditional fixed income</li> <li style="font-weight: 400;" aria-level="1">Where auto-callable ETFs may fit alongside equities, munis, or covered call strategies</li> <li style="font-weight: 400;" aria-level="1">And more!</li> </ul> Resources: <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.seia.com/team/robert-curtiss/">Educational videos (bottom of the page)</a></li> </ul> Connect with Matt Kaufman: <ul> <li aria-level="1"><a href="https://www.linkedin.com/in/matthewtkaufman/">LinkedIn: Matt Kaufman</a></li> </ul> <ul> <li aria-level="1"><a href="https://www.calamos.com/">Website: Calamos Investments </a></li> </ul> Connect with Robert Curtiss: <ul> <li><a href="mailto:[email protected]">[email protected]</a></li> <li>(626) 795-2944</li> <li><a href="https://www.seia.com/team/robert-curtiss/">About Robert Curtiss </a></li> <li><a href="https://www.linkedin.com/in/robertcurtisscwm/">LinkedIn: Robert Curtiss</a></li> <li><a href="https://www.facebook.com/TheRobertJCurtiss">Facebook: Robert Curtiss</a></li> <li><a href="https://www.seia.com/">SEIA</a></li> <li><a href="https://www.linkedin.com/company/signature-estate-&-investment-advisors-llc/">LinkedIn: SEIA</a></li> </ul> About Our Guest: Matt Kaufman serves as SVP, Head of ETFs at Calamos Investments, where he leads the firm’s ETF business. Matt joined Calamos Investments in 2023 as an accomplished financial services executive with more than 20 years of experience serving the asset management and insurance industries across North America, Europe, and Asia. Matt has designed, led, and helped build hundreds of exchange-traded funds (ETFs), unit investment trusts (UITs), indexes, variable insurance trust funds, registered index-linked annuities, fixed annuities, and closed-end funds. He is also a sought-after source by leading financial publications and is a frequent speaker at industry conferences and events. Prior to Calamos, Matt spent more than a decade at Milliman, Inc., where he served as President of the firm’s broker/dealer (Milliman Investment Management Services LLC) and as a principal of the firm’s $170b RIA (Milliman Financial Risk Management LLC). Matt also draws from his prior experience at PowerShares ETFs, where he helped the firm grow during the formative years of the ETF ecosystem. Matt earned a B.A. in Public Administration and Economics from Cedarville University and maintains Certified ETF Advisor (CETF®) and Professional Certified Marketer® designations through The ETF Institute and American Marketing Association, respectively. He also holds FINRA Series 7, 63, and 24 and CFTC Series 3 licenses.

28 MIN

The Millionaire Next Door

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