The wealthiest families in the world utilize a powerful legal tool to protect their assets. More important, it can be used by people who are in the process of building wealth. People like you. The tool is called transference. In particular, “risk transference.” Risk transference: 1. Identifies the risk of incurring a loss. 2....
An economic bubble (sometimes referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, or a speculative mania) is “trade in high volumes at prices that are considerably at variance with intrinsic values”. (Another way to describe it is: trade in products or assets with inflated values.) While some...
I.O.U.S.A. examines the rapidly growing national debt and its consequences for the United States and its citizens. As the Baby Boomer generation prepares to retire, will there even be any Social Security benefits left to collect? Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries...
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Most people think gold stocks are confusing… risky… or “unpredictable.” Until recently, I felt the same way. But then, my research team came across the work of Dr. Peter Tufano. Dr. Tufano is an award-winning Professor of Financial Management at Harvard. Over the years, he’s pioneered low-income savings plans for the poor – and...
How much can I lose on this? For the newer traders, this is the greatest question in the world. And for the the rich trader, it’s a mantra. The people who always ask this question are consistent winners in the markets. The people who never ask it are consistent, eternal losers. You see, the...
An economic bubble (sometimes referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, or a speculative mania) is “trade in high volumes at prices that are considerably at variance with intrinsic values”. (Another way to describe it is: trade in products or assets with inflated values.) While some...
What are some of your favorites or classic business and investing books? Here is a small list in my bookshelf that can accelerate your success. Contrarian Investment Strategies – The Next Generation (David Dreman): My colleague Louis Basenese mentioned this in his small-cap investing column earlier this week. Like my beloved Yankees, Lou has...
We have written a lot about the importance of having a Plan B in place. The idea is simple: Before you spend lots of time and/or money on a new project or product, have a backup in case it fails. Recently, I’ve come to the conclusion that having a Plan B is not enough....
