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Mastering Money

Tune into one of the best retirement shows on the radio! Mastering Money is hosted by Certified Income Specialist™ and best selling author, Steve Jurich (pronounced Jur-itch). Steve is an experienced 20 year veteran of financial services and is licensed in securities, insurance, and real estate. He is a Certified Annuity Specialist® who reviews up to 2700 annuities on a regular basis. As a fiduciary, Steve’s clients enjoy access to the services of Fidelity Institutional, member FINRA, SIPC.
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Now displaying: Page 73

Feb 2, 2016

Do you feel jealous that you missed out on some big IPO deals? Maybe you got lucky after all. Once-highflying IPOs are wandering aimlessly in the wasteland of the public equity markets and understandably unloved by investors, say William Cohan writing for Fortune.

Many have familiar names, such as Zynga (down about 75% from its IPO price) Twitter (down 30%) , and Groupon (down 85%) . Online craft marketplace Etsy recently traded 56% below last year’s price at IPO and 77% under its first-day close. Others that are less well-known are out there, too—like Nimble Storage now 67% below IPO price and falling, round out a pathetic lineup. Steve and Sinclair review the IPO landscape.

Gary Kaultbaum joins the A-Team in segment 3 for a fast paced Q & A

Feb 1, 2016

Steve and Sinclair open with a review the markets after friday's big rise.
In segment 2, they dig into the estate planning fiasco of the late Robin Williams.
Even though Williams had a living trust and an irrevocable trust for some of his real estate, his kids and his second wife did not get along.
A number of issues arose that could have been avoided.

In segment 3, the Q & A, estate planning attorney Richard Dwornik joins the A-Team to review spendthrift provisions in living trusts.

Jan 29, 2016

With markets volatile to start the year, institutional and individual investors are making a run to dividend paying stocks. Ben Levisohn of Barron's points out that you must be more careful than ever.

Companies are paying out over 41 percent of their earnings while earnings decline. It can't continue indefinitely. Steve and Sinclair review. Very timely

Jan 27, 2016

Even with nearly $20 trillion in debt and climbing, the U.S. dollar is strengthening against virtually all currencies, especially the Chinese Yuan. The Fed has a problem with that.

China continues to fight battles with currency speculators, and is dependent on ever larger inputs of local bank credit to keep sputtering growth from declining further.

The slowdown in China is expected: “zombie” factories, empty apartment blocks, ghost town suburbs, mothballed power stations, and expensive infrastructure that nobody needs are everywhere. Steve and Sinclair review a Wall Street Journal report on how China is affecting the global economy and how it is altering the Fed's vision for interest rates. Get the intel.

In the Q & A Segment, CFP Murray Titterington with IQ Wealth joins the A-Team to explore the "Value Trap" when selecting stocks for your portfolio.

Jan 26, 2016

Nobody wants to be described as “easy prey,” but too many new real estate investors are, says investor Justin Pierce in The Washington Post. Unfortunately, he’s right: bad deals and advice abound, carefully calculated to part novices and veterans from their money.

Investors of all stripes must be alert to red flags on each and every investment opportunity. It’s all too easy to be snared by opaque metrics, shady dealings and not-as-advertised properties. Steve and Sinclair review the pros and cons of Crowdfunding real estate projects---the good, the bad, the ugly.

In the Q & A segment, commercial real estate attorney Christopher McNichol of Gust Rosenfeld joins the A Team to discuss the finer points of what happens when a seller suddenly decides to sell to someone else.

Jan 25, 2016

Steve reviews a new Blackrock survey of several thousand investors who say they are holding more cash than even THEY think they should.

Gold expert Nick Grovich sits down with Sinclair to talk about which gold investments are better poised for growth as markets get shaky.

Jan 25, 2016

Steve reviews a new Blackrock survey of several thousand investors who say they are holding more cash than even THEY think they should.

Gold expert Nick Grovich sits down with Sinclair to talk about which gold investments are better poised for growth as markets get shaky.

Jan 21, 2016

The computer systems that run our world—the ones that secure our financial information, protect our privacy and even keep our power grid running—all have a critical, unpatchable weakness, says Christopher Mims writing for the Wall Street Journal. It’s the humans who use them.

As the toll of data breaches and hacks mounts, and the specter of a “cyber Pearl Harbor” looms, it’s worth asking: how do we defend against a breach not of our computers, but of the minds sitting next to them?
Facebook, for example, is a huge trove of everything from our contacts to our whereabouts, and tons of information about us that we don’t even know we are revealing can be gleaned from it by clever algorithms, from our tastes to our politics.Friending strangers on Facebook through fake accounts— and then leveraging mutual connections to gain access to the network of a mark—is a common tactic of the “social engineering” style of hacking that is proliferating among today's bad guys.

You might ask who would be naive enough to be taken in. The answer is plenty. In one study of 150,000 test emails sent to two of its security partners, researchers at Verizon Enterprise Solutions found that 23% of recipients opened the email, and 11% clicked on the attachment, which under normal circumstances would have carried a payload of malware. Or, as Verizon’s 2015 data breach report so colorfully put it, “a campaign of just 10 emails yields a greater than 90% chance that at least one person will become the criminal’s prey, and from there, it’s bag it, tag it, and sell it to the butcher.”

But how can you keep human error out of the equation, for example,if you’re a J.P. Morgan Chase & Co.—which recently suffered a breach of data about 76 million households—and you have more than 250,000 employees?

Steve and Sinclair review a fascinating Wall Street Journal piece. In the Q & A segment, estate planning attorney Richard Dwornik joins the A-Team to discuss real world situations where a general durable power of attorney in combination with a trust could have worked but didn't, and why. In Segment 4, Steve reviews a real world Sting that you may have thought was just a story for a movie.

Jan 20, 2016

Jason Zweig, author of the Intelligent Investor and columnist for the Wall Street Journal, has studied a strategy gaining traction with higher net worth clients. He reports on a form of bucketing strategy being used by investment thinker Ashvin Chhabra--a former Chief Investment Officer with Merrill Lynch. Chhabra has developed a bucketing system to match his clients’ stage in life. Alongside a market portfolio of stocks and bonds, he says, you should hold a “safety” bucket of stable assets with at least 40% of your assets, plus an “aspirational” bucket of even riskier investments with about 5%.

In research papers and in his book titled “The Aspirational Investor,” Mr. Chhabra argues that instead of organizing your portfolio around the markets, you should organize it around your own goals.

He says a portfolio should achieve three goals: insure your standard of living against severe short-term loss, maintain your standard of living over time, and even improve your standard of living if possible . You want a mix of assets that can fund each of those goals no matter what the stock and bond markets do.

As Zweig says, the larger your safety bucket, the more risk you can withstand elsewhere. Steve and Sinclair dig into the fine points of the strategy reported on in the Journal.

In the Q & A segment, CFP®, CIMA ® Murray Titterington with IQ Wealth reviews his screening process for high value dividend paying stocks for Bucket 3 of the IQ Wealth.

Jan 19, 2016

Study after study shows that missing the best days of the market can cost you.

Why? It turns out that almost all big stock market gains and drops are concentrated in just a few trading days each year. 

Missing only a few days can have a dramatic impact on returns. For example, an investor who hypothetically remained invested in the S&P 500 Index throughout the 20-year period from 1994 to 2013 (5,037 trading days) would have earned a sizable 9.22% annualized return, growing a $10,000 investment to $58,352. More than a five-fold gain.

When the five best-performing days in that time period were missed, the annualized return shrank to 7.00%, with $10,000 growing to $38,710, and if an investor missed the 20 days with the largest gains, the returns were cut down to just 3.02%. If the 40 best-performing days were missed, an investment in the S&P 500 turned negative, with $10,000 eroding in value to just $8,149, a loss of $1,851.

Market timers believe they will miss the worst-performing days by going to cash. They of course end up missing the best days also. Steve and Sinclair review two important statistical studies on missing the 10, 20, and 30 best days and comparing to the missing the 10, 20, and 30 worst days with input from Morningstar.
 
In segment 3, Steve and Sinclair discuss strategies for missing the worst days of the market while growing income at 6% to 7%. Steve answers the question "Are annuities right for IRA rollovers?"
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