Last year, in 2016 the federal government officially recognized Google's software, not the passenger, as the "driver" in its self-driving cars. This has greased the wheels for the driverless car industry, but insurance companies are preparing for a nightmare of claims and lawsuits. One question: “Who is charged if there is a fatal accident and there is an occupant (or assistant driver) in the driverless car? What happens if there is a lawsuit? Who pays the fine or serves time if the driverless car is found guilty?” Steve and Sinclair have the details.
What's the most coveted golf ball in America? The Titleist Pro V1? Calloway? Taylormade? The answer is none of the above according to the Wall Street Journal. One word: Costco. Find out about the golf ball that they can't keep on the shelves and a virtual black market has developed for. Steve and Sinclair have the Wall Street Journal report and then estate planning attorney Richard Dwornik answers questions on trusts, wills, and powers of attorney.
If you've seen the movie or read the book, THE BIG SHORT…you know it was about the 2008 mortgage-backed securities collapse. Most people lost money. Gobs of it. But some big shorts made money. According to a major hedge fund in the Wall Street Journal, the next big short opportunity is in the debt of dying shopping malls! Steve and Sinclair have the special Wall Street Journal report. Then CPA and business consultant Nick Stefaniak is in the house to discuss the most overlooked business tax deductions. You don't want to miss it!
Kathleen Wolf never dreamed of spending her retirement in Iowa.
The 68-year-old Californian had a change of heart after filing for Chapter 13 bankruptcy. Ms. Wolf was a millionaire whose fortune, built on buying and selling homes, collapsed in the financial crisis. Her bank balance fell to $15. She is not alone. The Journal points out that Americans age 65 to 74 hold more than five times the borrowed obligations Americans the same age held two decades ago! Steve and Sinclair have her story and plenty more on a power packed show!
Is Snapchat the New TV? Snap Inc. wants to be the next Facebook—but it's messaging app gives millennials a ‘lean back’ experience that is more like watching television, says Christopher Mims writing for the Wall Street Journal. Meanwhile, Snap the company lost $515 million dollars last year! At a valuation of $19 billion dollars, Snap stock would trade at 47 times sales! Could the upcoming IPO still be the buy of the year? Steve and Sinclair have insights from the Wall Street Journal and Fortune.com
Americans are charitable--a recent Wall Street Journal survey confirmed that over 96% of the readers surveyed had given either money or time to a charity in the past 12 months. But which is better? Money, or time? Is it better to give 200 bucks to a cause or run a half marathon? Behavioral economists asked the question and did the research. Steve and Sinclair have the Journal's findings.
The term "penalty for early withdrawal" was once considered a negative, but recent studies show that investors and savers overwhelmingly prefer owning some accounts that DO have restrictions on liquidity. In fact, one UCLA study revealed that some families increased their savings by 337% when more of their money was restricted. Steve and Sinclair have the Wall Street Journal Report. Then CPA Nick Stefaniak is here for the Q & A.
The Warren Buffett method for investing in stocks has outperformed the S & P 500 by a great margin, and although you couldn't recreate his success without a time machine, his disciplined methods can still help you select exceptional stocks. Steve and Sinclair review his methods and compare to the Black Diamond Dividend portfolio. Then Doris Milton with H & R Block reviews important tax reminders.
What investment mistakes cause most investors to lose money or fall short of their goals? Part of it has to do with choosing a top-down strategy rather than a bottom-up strategy. Steve and Sinclair have the details. Then experienced mortgage expert and loan officer Joe Capitano is here for the Q & A Session
Experts say it could be a challenging year for two segments of the real estate market in 2017. Across the U.S., 27% of online home searches in the fourth quarter were for starter homes, but only 21% of listings were in that price range, according to Trulia.
Meanwhile, just 44% of searches were for luxury listings, while 55% of home listings were priced at the high end. On the Commercial side, many large real estate investors like Blackstone are cashing out and taking profits, softening that market. Steve and Sinclair have a complete update plus the story of the Enchanted Florist just in time for Valentines Day!
You can read the article from Trulia at https://www.trulia.com/blog/trends/market-mismatch-q12017/