Many U.S. investors are building second homes and condo's in the advanced economy of Costa Rica. Microsoft and Intel have a strong presence there as does Marriott. Today we talk with real estate developer Charles Boyd, CEO of the Costa Rica Team. The company is one of Costa Rica's premier resort and residential developers. Charles joins Steve and Sinclair to review opportunities in the company's new 88 acre master planned ocean view community near golf and medical facilities. Steve then has an interesting story about the Old Farmers Almanac
Is the San Francisco real estate market finally seeing the top? If so, what does it mean for the rest of the country. San Francisco has been a strong bell weather over the years. The Wall Street Journal is reporting that the high-tech wave of "banking" office space may be in the reversing stages. Uber, Twitter, Zenefits, SalesForce and others have secured and committed to millions of square feet of office space they are ending up NOT using. A sub-leasing wave has begun. Steve and Sinclair review the report. In the Q & A Segment, estate attorney Richard Dwornik discusses what can go wrong with an old "A-B" living trust--and how to fix it.
This is tax week, but many Americans don’t have to worry about giving Uncle Sam a chunk of their hard-earned cash for their income taxes this year. That’s because an estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data from the non-partisan Tax Policy Center! The richest 20% of Americans pay 86.8% of all income taxes in the U.S. Steve reviews the Tax Policy Center statistics. Steve and Sinclair break examine a Bloomberg report ont the rising risk in safe sounding bond index mutual funds. Many of the big name bond index funds have a large dose of energy bonds and junk bonds from companies like Sprint. CFP Murray Titterington joins the A-Team for the Q & Session to discuss his methods of selecting dividend paying stocks, and the discipline that takes emotion out of the equation.
Gary Kaltbaum joins the A-Team today on Mastering Money, fresh from his trip to China. Gary lets us in on what's happening over there economically--especially the fancy ghost-towns that continue to be built--financed courtesy of the government and newly printed money. No money down financing on new homes-- suddenly popping up everywhere. Then Steve and Sinclair report on a Wall Street journal report on how E-commerce is killing the shopping mall (and shopping mall REITs) American consumers are increasingly buying heavier, more awkward-to-deliver-items online. They need to be delivered by muscle men. Fed Ex and UPS can't handle it all, and truckers are having to adapt or find a different job. In segment 4, Steve reviews the historic bankruptcy of Penn Central Railroad
In this edition of Mastering Money, Steve breaks down the differences between the tax plans of Trump, Cruz, and Hillary Clinton. Steve AND Sinclair review the he differences between the Flat Tax and the Fair Tax-- and the rising concern that Ted Cruz's tax plan includes a consumption VAT tax on top of an income tax! Steve favors the tax plans of Trump and Kasich, because they would tend to bring corporations back to the USA and create more jobs stateside--jobs with better pay that will not require re-educating millions of 45-to-60 year-olds. If corporations keep moving out of the country for tax relief, and closing down entire divisions, the U.S. middle class will shrink further and the poverty/welfare class will keep growing. Hillary's plan raises taxes even further than Obama's plan--and takes away advantages of long term capital gains. In the Q & A segment, we hear the Mastering Money interview with Steve Forbes, CEO of Forbes Media, previously aired.
Today on Mastering Money, Steve AND Sinclair examine a breaking Wall Street Journal report on a sub-prime loan bubble that is building in China. Real estate rose 57% last year with home buyers borrowing their down payments. Is a big sub-prime real estate bubble underway? In the Q & A segment real estate developer Charles Boyd is back to preview his 88 acre master planned ocean view community in Costa Rica.
Today on Mastering Money Steve AND Sinclair review a breaking report by the Wall Street Journal on the direction of interest rates and the bond market. The Journal has data on what percent of hedge fund managers and institutional investment managers have their money on higher rates, and which have their bets placed on lower rates. Certified Financial Planner and investment manager Murray Titterington is here for the Q & A session to examine the finer points of the IQ Wealth Black Diamond Dividend Portfolio.
Biopharmaceuticals can produce massive winners--sometimes. Steve AND Sinclair report on the five hottest new pharmaceutical drugs and drug companies picked by Barrons. Learn about drugs that could produce a billion dollars or more in sales, very soon. Then in the Q & A, Charles Boyd of the Costa Rica Team gets specific on the details of his team's exclusive 88 acre ocean view master planned community, which includes condos that investors can rent when they aren't there (complete management provided by management company), a primary care hospital/clinic/ and assisted living facility, and more. Get the facts and see if it may be an opportunity for you and your family as a vacation hideaway that can also make money.
Many different types of investments can be placed into a self-directed IRA, including real estate and gold coins. But what are the little known qualifications that will stand up under an audit? At-home gold storage IRAs are very dangerous unless you own a corporation or LLC that HAS at least one employee (!). Published author and experienced precious metals expert Nick Grovich reviews the do's and don't on gold IRAs--which most gold brokers are not sharing with their clients. Make sure you know the rules. Steve then makes the case for gaining clarity in your financial plan by assigning a purpose to each dollar in your portfolio, and how to achieve goals in an era of 2% interest rates and volatile markets.