Oil Well Concentration Risk, Australian Superannuation, and Learning to Fly

In this episode of the Scholar Wealth Podcast, we answer two listener questions that highlight how risk, complexity, and discipline show up in real financial decisions.

First, a listener who recently sold part of a business and now has $12 million invested asks whether allocating $750,000, half of their alternatives bucket, to a single private oil well investment makes sense. We discuss concentration risk, projected IRRs versus lived returns, operator opacity, and why alternative allocations should be diversified across time and strategy.

Next, a dual U.S.–Australian couple with $1.5 million in Australian superannuation plans to retire permanently in the United States. We explain how super funds work, why they can become complex for U.S. taxpayers, the reporting burdens involved, and how consolidation and investment selection may reduce tax and administrative friction.

In our From the Field segment, Paul Sallach, founder and president of All In Aviation, joins us to discuss what pilot licensing actually looks like for busy professionals. We cover realistic training timelines, hour requirements, cost structures, ownership versus renting decisions, depreciation expectations, and how aviation can restore time flexibility for high-earning professionals.

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Disclaimer: The information provided in this podcast is for general informational and educational purposes only, and is not intended to constitute financial, investment, or other professional advice. The opinions expressed are those of the hosts and guests and do not necessarily reflect the views of any affiliated organizations. Investing in financial markets involves risk, including the potential loss of principal. Past performance is not indicative of future results. Before making any investment decisions, you should consult with a qualified financial advisor who can assess your individual financial situation, objectives, and risk tolerance. Thanks for listening!