NOTES FROM STEPHEN

Hi, Stephen here.

I hope you had a great holiday season! Sorry there hasn’t been an email in a few months - we moved to South Florida over the summer and rolled straight into the holidays.

But now the weekly email is back and better than ever. It's no longer a classifieds board - that was getting stale and the quality was dipping. Starting today, it will be a short note from me, an insightful conversation with a JSuite member, and the best threads from the JSuite Community.

Let me know what you think of the new format. You can reply directly to this email.

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(…without needing to quit your job, without needing to get on camera, and without needing prior experience).

We’ll show you how to start a newsletter in <30 minutes, scale to 1,000 readers, and make your first $10,000 in revenue.

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THIS WEEK IN JSUITE

MEMBER OF THE WEEK

Zach Reich
Senior Client Advisor, Goldrock Capital
Israel · Multi-family office advisor to ultra-high-net-worth families

Zach made Aliyah in 2005 and is about to mark 21 years in Israel. At Goldrock, he advises wealthy families, many of them making the same move he did.

Many people imagine wealth makes you worry-free. Often, financial anxiety remains even after amassing (or receiving) significant wealth. For me, it's rewarding to simply help people not have to worry. They know their assets are looked after. I also enjoy learning about new and innovative investment strategies, especially in private equity and private credit.

First, plan in advance. If you're anticipating a major wealth-creation event, seek professional advice beforehand. Second, choose your advisors wisely; seek advice about seeking advice. Get multiple recommendations, speak with references, and look hard at incentive structures. With lawyers, accountants, and tax advisors, you pay a fee and get a service. With financial advisors, incentives can be more complicated. I strongly recommend working only with retainer-based advisors and avoiding anyone who receives kickbacks from the funds you invest in. That's a direct conflict of interest. Lastly, don't rush. Nothing terrible happens if you miss a couple of opportunities, but you'll regret locking your money into ill-advised, illiquid investments.

Be wary of the usual suspects adjacent to the event, who are often the first to pounce. Typically that's bankers, though not always. Private banking has its place, and some services are worth the high cost, but know what private banks are actually good for and where you're overpaying.

Private market investing is the art (or science) of finding experienced managers who can exploit market inefficiencies before too many people flood the strategy with capital and drive down yields. Lately we've been looking at operationally intensive special-situation strategies in both private equity (carve-outs, for example) and private credit (such as distressed debt), mostly in the lower middle market.

If you're considering moving to Israel but worried about making a living here, there has never been an easier time to come. When I arrived in 2005, immigrants without fluent Hebrew were relegated to night-shift call-center jobs paying barely above minimum wage. Today the high-tech sector has opened entire classes of opportunity across the value chain and is lifting the rest of the economy with it. It's a fantastic time for entrepreneurial businesspeople.

Through JSuite I was introduced to Aaron Holtzman, Partner at Crane & Holtzman, a boutique full-service accounting firm with offices in New York City and Austin. We had a great first meeting. Introductions like these often lead to mutual referrals, so we're always interested in connecting with talented professionals who serve HNW families: tax advisory, international law, and related services.

Know a member worth featuring? Reply to this email with their name.

THREADS OF THE WEEK

AMA - or “Ask Me Anything” - are the most useful threads in our community. A member with real expertise opens the floor and answers questions. It’s the best way to make other members aware of you while provide immense value to the community - no spam involved. Two are open right now in the new AMA channel. Go ask them something!

Eric Horn has 20 years in video for brands like Microsoft, Amazon and Squarespace, with credits at HBO, VICE and the BBC. Ask him anything about video, content or production.

Philip Sherer has 40 years in finance and accounting and runs No Worries Bookkeeping. Bring him anything on QuickBooks, payroll, cash flow or project cost accounting.

Have expertise to share? Start your own AMA in the channel.

REFER A FRIEND

Share JSuite with other Jewish business professionals using your personal link and unlock a few perks along the way:

1 referral — an invitation to our private WhatsApp group.
3 referrals — a Member Spotlight in an upcoming JSuite email.

Your referral link: {{ rp_refer_url }}
Referrals so far: {{ rp_num_referrals }}

Once you refer one person, the WhatsApp invitation arrives automatically.

MORE JSUITE

Community — post a thread, reply, or DM a member.
JSuite AngelList Syndicate — invest in JSuite Founders
LinkedIn Group — follow JSuite and connect with members on LinkedIn.

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