Gary Kaltbaum is here to break down the markets after Steve and Sinclair examine why generic drugs are rising in price SIX TIMES FASTER THAN THE U.S. ECONOMY. Some prescription drugs now cost from $30,000 to $50,000 a year!! Many Americans who would otherwise buy a home, are paying for prescriptions instead. The bad news: new generics--known as "biosimilars", will be nearly as expensive. Are health care costs one of the factors keeping the U.S. economy from growing? Hear what experts in that field have to say.
Gold is up over 20% so far this year--will it continue? Gold and precious metals expert Nick Grovich joins the A-Team to dig into the facts about supply and demand on gold, silver, and platinum--along with experienced advice for mastering your precious metals decisions. Then Steve reveals the facts behind the marketing nicknames "new and next generation' and how they are referring to the identical annuity products. When does it become an improper sales practice? Steve does a fact check for our listeners.
Not only are Apple's share prices in the tank, but many high-tech juggernaut companies--formerly the darlings of venture capitalists- are suddenly coming down to earth, says the Wall Street Journal. Steve and Sinclair review the report. Then Steve has some very important consumer tips on annuity income riders that most agents never seem to explain! Learn why the fiduciary duty of the agent is so important, why you must compare, and what the word "annuitize" means.
2016 marks the 100 year anniversary of the Estate Tax! The tax first got started to help fund World War I. Learn the history and the possible futures of the estate tax and how it could affect you. Steve and Sinclair review a Wall Street Journal report. Then estate planning attorney Richard Dwornik reviews several cases where husband and wife have separate trusts--is it a good idea or a bad one. Hear one story that may surprise you.
The electric car revolution has begun, and it is causing a rise in price of an important metal. Which metal other than gold is on the rise? Try lithium!! It is the lightest metal on earth, and now Elon Musk wants more of it. Steve and Sinclair have the report. Then CFP Murray Titterington is here to discuss the IQ Wealth Black Diamond Dividend Portfolio. Steve then breaks down important details on the difference between simple and compounded interest in an income rider.
Is the Tech Bubble crash, "Part 2" on the horizon? Silicon Valley venture capitalists are starting to think so. Uber, Zenefits, and other instant billionaire companies (that don't make a profit) are showing signs of decline. The Wall Street Journal reports that top venture capitalists are getting worried and see parallels to the 2000 tech crash. In the Q & A, Steve reveals what you need to know about annuity income riders that many agents typically don't explain well, or simply don't understand! Then in segment 4, we look at research that working longer statistically leads to living longer (bummer, eh?)
Worldwide, the dollar keeps getting stronger--even with nearly $20 trillion in debt. All of us want a strong dollar, but in the global economy, is it a good thing or a bad thing for U.S. stocks. Steve and Sinclair review a Wall Street Journal report on who wins and who loses with a strong dollar. Then Steve reviews the difference between the various types of annuities and zeroes in on annuity fallacies that every person considering an annuity should know.
Steve and Sinclair review a Wall Street Journal report on how apps are tracking you and your shopping behavior, then CFP Murray Titterington with IQ Wealth joins the A-Team to examine dividend paying stock selection. Steve then has a special "guest": Siri, the voice of the iPhone.
The Wall Street Journal reports that online retailing is driving business away from shopping malls at a very fast pace. Greenstreet Advisors analyzes that Sears Holdings Corp would need to close up to 43% of its stores to regain the sales per square foot they had in 2006, adjusted for inflation. Penney, Macy's and other retailers will also need to be closing a large number of stores. Sears is tapping into the fortune of Bill Gates for some relief but the writing is on the wall: Here comes Amazon. In the Q & A, CPA Nick Stefaniak joins the A-Team to talk about what happens when you are collecting social security AND earning income from work.
It's being referred to as an "earnings recession". Earnings have now fallen farther than any time since the 2008 crisis. Revenues have declined for five quarters in a row. What's next for stocks? Steve and Sinclair review a Wall Street Journal report. Then CFP Murray Titterington joins the A-Team to discuss his selection process for the IQ Wealth Black Diamond Dividend Portfolio. Learn the difference between Dividend Aristocrats, Dividend Achievers, and Dividend Kings--and why many stocks do not qualify for the portfolio. Learn how to grow capital with dividends.