For years, the "endowment" method of investing--mimicking the investment portfolio's of the endowment funds at Harvard and Yale --have been touted as somehow a "cut above" but as a report in the Wall Street Journal points out, they're simply not "making the grade" and are far under performing the S & P 500! Steve and Sinclair have the startling report. Then mortgage expert Joe Capitano is here for the Q & A.
Warren Buffett says we're not in a bubble-- he thinks ‘Stocks actually are on the cheap side’. The billionaire, speaking on CNBC lately, said that “measured against interest rates, stocks actually are on the cheap side compared to historic valuations.” Find out why he laid down $133 billion dollars for a stake in Apple--after shunning the stock all these years!
Currency manipulation by China has a much bigger economic effect than most people realize. China is the only major world currency that is not a free floating currency valued by the markets. The Chinese government uses cash reserves to push it downward, attracting companies like Cisco and Apple. Find out why these two companies and three more may be in position to profit when the yuan falls further. Then H & R Block tax expert Doris Milton is here to talk about frequently missed tax deductions.
The science of futurism is used by the Department of Defense and a growing number of Fortune 500 companies who all now employ full time 'futurists'. What do futurists do? According to Christopher Mims of the Wall Street Journal, they don't make predictions, they make calculations of probable outcomes, based on reams of data. Steve and Sinclair have the Wall Street Journal story on a fascinating topic.
Trumponomics is all about bringing America back as a self-sufficient manufacturer, producer, and exporter, but currency weakness outside the U.S. could be a major stumbling block. In fact, five companies could see their share values hurt soon because of Chinese currency devaluation: Find out why Wynn Resorts, YUM China (formerly part of YUM Brands), Las Vegas Sands Corp, Mead Johnson and AO Smith could be hurting soon according to a key analyst. Then estate planning attorney Richard Dwornik is in the house for the Q & A.