Saving Yourself From Wall Street: Recent Episodes
Saving Yourself From Wall Street
Welcome to Saving Yourself from Wall Street. We are glad you are here, and we hope to guide you past Wall Street's sales tactics, high costs, and conflicted advice so you can master your financial life.
In today's episode of Saving Yourself From Wall Street, we will discuss a strategy that can help you save thousands of dollars in taxes called a Reversionary Charitable Lead Trust.
We have Brad Gornto with us, who has practiced law in Florida for over 21 years in complex estate and charitable planning, business law, probate, trust administration, and income tax planning.
In addition to his law practice, Brad is also the Founder and President of iCLAT Solutions LLC which specializes in the design, drafting, and consulting services of Reversionary Charitable Lead Trusts.
In this episode of Saving Yourself From Wall Street, we talk with Kevin Carter, the Founder and Chief Investment Officer of EMQQ Global.
We discuss the macro-backdrop for EMQQ's Emerging Market funds and how Emerging and Frontier Markets may be a timely investment right now for long-term investors.
In this episode of the Saving Yourself from Wall Street podcast, we talk to Cale Smith, the founder and managing partner of Islamorada Investment Management, where he also manages a fund called the Tarpon Folio.
From this episode, you will get a good understanding of the oil and energy sector and if there is still any upside opportunity, as well as U.S. capital expenditures in the oil sector and how those will play out going forward.
In this episode of the Saving Yourself from Wall Street podcast, we talk to Darren Schuringa of Asymmetric ETFs. Darren manages a unique ETF that can actually short the S&P 500 when its price and volatility metrics dictate. This ETF offering allows investors to realize the market’s upside while protecting their principal when the market declines substantially.
Darren explains how Asymetric ETFs can lower the risk while improving portfolio performance.
In this episode of Saving Yourself From Wall Street, I discuss the uniqueness of iBonds and their role in a portfolio that looks to get a safe return that adjusts for inflation.
In this episode of the Saving Yourself from Wall Street podcast, we talk to Nick McCallum of Passiv.com. Passiv turns your brokerage account into a modern portfolio management tool. Build your own personalized index, invest and rebalance with the click of a button, and seamlessly manage multiple accounts. Essentially, Passiv provides individual investors a tool that institutional money managers pay thousands of dollars for each year. And, they do it for a low cost.
Nick explains how Passiv came about and how it works for the individual investor.
In this episode of the Saving Yourself from Wall Street podcast, we talk to Cindy Stevens of Personal Financial Solutions. Cindy is a Daily Money Manager. You might not know what a DMM is…most Americans don’t. However, it is becoming a critical service with the Baby Boomers aging and many sons/daughters living far from their elderly parents.
In this week’s episode of the Saving Yourself from Wall Street podcast, we talk to Rocky Lalvani of Profit Comes First. Rocky breaks through the traditional paradigms that business owners use to manage cash flow to show entrepreneurs how to build their wealth faster. Even if you aren’t a business owner, the principles that Rocky shares can apply to your personal finances.
If you would like to learn more about Rocky and how he helps small business owners take command of their cash flow, you can learn more here: https://profitcomesfirst.com/
In this episode, we talk to one of the nation’s top Medicare experts, Danielle Kunkle Roberts, of Boomer Benefits. Danielle is the author of 10 Costly Medicare Mistakes You Can’t Afford to Make.
Danielle provides an overview of how Medicare works as well as outlines the biggest mistakes retirees make with Medicare.
In this week’s episode of Saving Yourself from Wall Street, you get backstage access to my bi-monthly webinar to financial planning clients. These client webinars usually focus on questions I receive from clients. A couple of weeks back I received tons of questions on Gamestop.
Was it really about the establishment protecting hedge funds?
Was Robinhood and TD Ameritrade justified in stopping trading?
Why did things get so crazy?
We examine the truth behind what happened with Gamestop and other stocks like it.
This is part two of our look at the economic trends that will play out over the coming years. In part one, we looked at the banking sector and how money is created. We did that as I feel it will dictate our economic trends over the next ten years as we see the dollar come under pressure.
If you want to know where to invest in the coming years, this episode is for you.
In this week’s episode of the Saving Yourself from Wall Street Podcast, we examine the recently passed Stimulus Law. What are the major facets that affect most Americans? How will you be impacted?
This was taken from my bi-monthly webinar (Coffee with Kirk) presented to financial planning clients. If you are interested in attending these segments, sign up for our newsletter on our website, savingyourselffromwallstreet.com.
You can also watch our webinars on the savingyourselffromwallstreet.com site.
In this week’s episode of the Saving Yourself from Wall Street podcast, we are taking a look at my longer-term outlook for the economy. This will take place over two sessions, and this is the first session. In this session, we focus on banking and how it will play a role in the future economy. It builds the case for the next podcast.
In this week’s Saving Yourself from Wall Street podcast, we talk to Stan Kiang of Aberdeen Standard Investments about gold. Why should you own gold? How much should you own? How should you own it? We also dig into Aberdeen’s low-cost gold Exchange Traded Fund (ETF).
In today’s podcast, we talk to Matt Hougan, the VP of Research for Bitwise Asset Management. Bitwise has developed some creative indices for cryptocurrencies and plan to launch their first investment trust for their Cryptocurrency 10 index in the coming weeks.
Today, Matt and I discuss why you should think about investing in bitcoin and cryptocurrencies even after its recent huge move up in price. We talk about some of the misconceptions investors have, and we talk about how to invest in the crypto field. I hope you enjoy.
In this episode of the Saving Yourself from Wall Street podcast, we bring back Dan David, the founder, and CEO of Wolfpack Research. If you missed my first interview with Dan, I highly recommend you go back and listen.
Dan and I go way back…all the way to high school in the late 1980s outside Flint Michigan. Dan was known around our school as a no BS kinda guy, and that clearly hasn’t changed as you will hear in this interview. Dan is the founder of Wolfpack Research a firm that is widely regarded as the leader in both China due diligence and in the US micro-cap space. Dan’s work on exposing fraud in Chinese companies lead to him being profiled in the movie The China Hustle. The movie was backed by Mark Cuban and produced by Oscar-winner Alex Gibney who produced the movie Enron: The Smartest Guys in the Room.
Dan spoke at several Congressional hearings on the topic of investment fraud but the culture of DC is so anti-common sense and anti-investor that Dan got motivated to run for Congress. In this interview, we touch on the current financial situation, the end game for the economy as well as China, and shorting stocks. I hope you enjoy.
*Blizzard, Winter, or Ice Age Part 1 is a video that you can watch on our website or our YouTube channel.
So are we experiencing a blizzard, a typical winter, or an Ice Age when it comes to the economy and the markets? We talk amongst ourselves.
Kirk Kinder, CFP® started Picket Fence Financial, www.picketfencefinancial.com, with the goal of saving folks from Wall Street. Kirk has been quoted in several financial publications including the Wall Street Journal, Kiplingers, Money Magazine, Smart Money, to name a few. He has also been featured on the local Fox, ABC, and NBC affiliates in Baltimore and Tampa. Kirk specializes in the use of Exchange Traded Funds (ETF). He speaks at ETF conferences frequently and contributed to a text on ETFs, “Exchange-Traded Funds: Conceptual and Practical Investment Approaches.”
Lawyers say hi: https://savingyourselffromwallstreet.com/disclaimer/
Wondering how the government bailout, also known as the CARE law, will impact you? Do you understand all the ramifications of the bill?
We are digging into the government program that includes the rebate check, unemployment insurance changes, tax return opportunities, and more.
Wondering what to do with your portfolio with the coronavirus wreaking havoc on the markets? Looking for ideas on where this is headed?
That is what we will address in this episode of the podcast.
In today’s episode of the Saving Yourself from Wall Street podcast, we talk to Sean O’Hara of Pacer Financial. We discuss the history of Exchange Traded Funds (ETF) and how ETFs are being unfairly characterized as the next weapon of financial mass destruction.
We then switch to discuss Pacer Financial’s tools to protect your portfolio from a stock market downturn as well as their tools to find value in this expensive market. This podcast should give you some ideas for your portfolio, especially if you are looking to hedge your equity exposure.
In this week’s podcast, we chat with Matt Hougan, the Global Head of Research, for Bitwise Asset Management. Have you wondered what cryptocurrency is? How does Bitcoin work? Why would you want to invest in a crypto asset? Matt answers these questions and more. If you have been wondering if you should invest in cryptocurrency assets, this discussion should enlighten you.
Bitwise Asset Management is a trusted authority on crypto assets. Bitwise created the first cryptocurrency index fund, the Bitwise 10 Private Index Fund. You can learn more at bitwiseinvestments.com.
We are entering the 11th year of this bull market. This bull charged so long that many investors – talking to you Millennials – have never experienced a down market or real bear market. Last year’s huge gain has many people looking to add stocks to their portfolio, but should you? What can today’s stock investors really expect from the stock market over the ensuing years?
While no one can predict the market’s movements…at least accurately, we can gain some knowledge on future returns by looking at various pricing mechanisms like price to earnings, price to sales, etc. There are also some fantastic organizations that have successful track records when it comes to estimating future returns relative to valuations. In this podcast, we take a look at these prognostications to understand what might be in store for investors.
The open enrollment period for Medicare began on October 15th and runs through December 7th – Pearl Harbor Day. Why is this important? Well, unbeknownst to most Medicare recipients, you can switch your Medicare Advantage or Medicare Supplement plan to ensure you have the optimal plan for you. Most folks on Medicare just stay on the same plan year after year. You could be missing out on some benefits or paying too much.
In this episode of the Saving Yourself from Wall Street podcast, we talk to Aaron Zolbrod of the Health Insurance Store. He gives us an overview of Medicare (so many people don’t understand the basics), and he walks us through a process to pick a Medicare Advantage or Supplement plan. This is a timely topic for anyone on Medicare or getting close to starting Medicare.
Aaron can be found at the Health Insurance Store –
https://getyourbestplan.com/ He is licensed in Pennsylvania and West Virginia, but next year, he launches an online studio where he will be able to offer plans in all 50 states and DC.
Completely negotiate timely best practices after We have hit that time of the year where parents are frantically filling out the FAFSA hoping for financial aid to cut the costs of college. If you really want to save money on college, you need to be strategic in the selection of the college.
Holisticly disintermediates cross-unit models with proactive In this week’s podcast, I laid out seven mistakes that parents, and students, make when selecting and paying for college. If you address these issues, you will have the proper frame of mind when approaching college for your child. It helps to keep the emotions out of the decision and to focus on the key items to ensure you don’t overpay for college (or burden yourself and your child with too much debt).
Retirement planning usually revolves around how much do you have saved or how you are invested. Discussions incorporate Social Security, long-term care, health care costs, and investments. Rarely, the conversation focuses on how to shape your retirement years: how will you spend your time; how will you contribute to society; what social networks will you have; what are your passions. Retirement can be the longest period of your entire life. It isn’t the shortstop from stopping work to death. You could have 30 years or more of life.
Today’s guests are Jeannette Lalonde and Mary Morency. They help their clients zero in on the life areas that are most important to them and create a plan that is flexible and unique to their situation. I think you will find this discussion useful, and if you are like most Americans, you will realize you haven’t done enough retirement planning.
In this episode of Saving Yourself from Wall Street, we talk to Ron DeLegge, host of the Index Investing Radio show and founder of ETFGuide.com, where he discusses his new book, Habits of the Investing Greats.
Ron profiles some remarkable investors in this podcast and the mental approach they took to achieve greatness. We also talk about passive vs. active management, Ron’s advice to his 20-year-old self, and the biggest mistake people make with money.
You can check out Ron’s book on Amazon at
https://www.amazon.com/Habits-Investing-Greats-Achieving-Financial-ebook/
Also, Ron donated a couple of books to our listeners. To get a free copy, you need to leave a review of the Saving Yourself From Wall Street podcast on iTunes and then email me with your iTunes username and home address. I will send you a signed copy. I only have a couple of books so it is first come, first served.
For this week’s podcast, we look at the SECURE Act that Congress is working to pass. I hate it. Take a listen to see why, and why I think you need to call your elected representative. Yes, it is that bad. I finish by discussing how AARP isn’t really the champion for the senior citizen that it lets on. Find out why.
In this week’s episode, we are talking to Howard Stross, the Founder of the Stross Law Firm, an estate planning and real estate law firm in Oldsmar, Florida.
I have known Howard for over 15 years, and I always learn something from him in every discussion. In this segment, Howard outlines the “Stress-Less Real Estate Transaction” just in time for the summer real estate season.
I have attached a document Howard prepared to help guide you through your real estate transactions without the usual stresses or mistakes people experience.
STRESS-LESS Real Estate Transaction
In this episode of the Saving Yourself from Wall Street podcast, we look at a Bankrate.com study of the best (and worst) states for retirees. Also, we do a follow-up to how Wall Street is compensated. I break down how much your commissioned planner is paid to sell products.
Here is a link to the Bankrate.com study:
https://www.bankrate.com/retirement/best-and-worst-states-for-retirement/
Did you know 15 million Americans suffer from some form of identity theft each year? We start off with a story of a man who was victimized, and you will be surprised who it is. Then, we get into the three top ways to protect your identity. I even identify what I do to protect my identity.
In this episode of the Saving Yourself From Wall Street podcast, we look at the Top 15 financial searches by Americans as well as the three major ways Wall Street makes money off of you. It might shock you.
Here is a link to the Liberty Bank article on the most Googled financial terms:
https://www.libertybank.com/blog/most-searched-financial-questions/
In this episode of the Saving Yourself from Wall Street podcast, we talk to Buddy Rushing, who serves our nation as a Major in the United States Marine Corps (insert your own Hoo-yah yell). Buddy grew up in a tough economic environment where his family survived with food stamps and government assistance. Using this upbringing as motivation, Buddy strove to break free of his meager upbringing to build real wealth through real estate investing. Buddy will detail his journey from his childhood in East Tennessee to the US Naval Academy in Annapolis to the Marine Corps to becoming a real estate investor.
You will discover how you should approach real estate investing and the pitfalls to avoid when undertaking a real estate investment. I hope you enjoy this podcast, and please let me know if you have any questions.
The first year of the new Trump tax laws is officially in the books. It was a brutal year for most people. It wasn’t brutal as far as total tax paid or annual tax liability. This went down for the vast majority of people. However, with the new changes, new IRS withholding tables, and alterations to adjustments, deductions, and credits, most people saw a sizable change in their usual refund amount.
In our tax office, we spent an inordinate amount of time explaining to clients how the new law affected them as well as comparing the return to 2017’s figures. Clients were confused…even after our discussion.
This is a follow-up to last week’s podcast where we examined income and adjustments to income. In this podcast, I will look at deductions, credits, and talk strategies. The key takeaway is to take action now. Half of the year is gone already so if you want to make an impact you must act today.
If you have any questions, please let us know. We would love to do a follow-up podcast on any questions you have regarding the new tax law.
The first year of the new Trump tax laws is officially in the books. It was a brutal year for most people. It wasn’t brutal as far as total tax paid or annual tax liability. This went down for the vast majority of people. However, with the new changes, new IRS withholding tables, and alterations to adjustments, deductions, and credits, most people saw a sizable change in their usual refund amount.
In our tax office, we spent an inordinate amount of time explaining to clients how the new law affected them as well as comparing the return to 2017’s figures. Clients were confused…even after our discussion.
This is a follow-up to last week’s podcast where we examined income and adjustments to income. In this podcast, I will look at deductions, credits, and talk strategies. The key takeaway is to take action now. Half of the year is gone already so if you want to make an impact you must act today.
If you have any questions, please let us know. We would love to do a follow-up podcast on any questions you have regarding the new tax law.
Getting into, and paying for college, is one of the biggest stressors for kids AND parents today. And, overpaying for school can have a material impact on a parent’s retirement as well as the start of a student’s financial life. Today’s guest helps students and parents bring order to the college chaos. Andy Lockwood, the owner of Lockwood College Prep, has two best-selling books on the topic, “How to Pay Wholesale for College” and “Incomparable Applicant.”
Andy found his way into the college planning industry after a stint as a corporate lawyer and after amassing over $100,000 of college debt himself from his undergraduate studies at Wesleyan University and St. Johns University School of Law. Now, Andy, along with his wife Pearl, helps students and parents navigate these treacherous waters while simultaneously bringing down stress levels with humor and sarcasm. If you have children approaching college, you are going to love today’s interview.
You are in for another treat this week. We recently interviewed Dan David, the V.P. of GeoInvesting. Dan has had an interesting path from his school days in Flint, Michigan to running a hedge fund to being profiled in the award-winning movie, “The China Hustle”, to running for Congress.
Dan brings his no b.s. approach to this podcast and tells it as he sees it. We discuss his path from Flint to a Congressional run as well as delve into the deceit by China regarding its listed securities as well as the SEC’s inability to deal with this information. Lots of excellent information in this podcast.
I hope you enjoy it.
In this podcast, I talked to one of my best friends dating back to my days at the Coast Guard Academy, Cale Smith. Cale founded Islamorada Investment Management back in 2008 as the world was in financial chaos – great timing, right. Cale’s money management process is quite different and investor-friendly than Wall Street’s. Cale developed the Spoke Fund model. Before creating Islamorada Investment Management, Cale served as managing director of an investor relations firm, lead equity analyst for an independent research firm, and an analyst at a hedge fund. In addition, Cale served as an officer in the US Coast Guard.
In this interview, we take a deep dive into value investing, Warren Buffett, Tesla, and Cale’s advice to his young self. This is an illuminating interview, and I think you will gain an understanding of an approach to value investing.
We were fortunate enough to chat with Jared Dillian recently to discuss a wide array of issues. For those who don’t know Jared, he is the author of The Daily Dirtnap and The 10th Man newsletters published through Mauldin Economics. Jared has published two books as well, Street Freak and All the Evil of this World. Jared was at Lehman Bros. the day it went under and has served as the head of ETF trading for Lehman (before its demise, obviously).
If you want an interesting take on Lehman Bros., the stock market, personal finance, Tesla, Warren Buffett, and the Federal Reserve, please take a lesson.
On a side note, we had some recording issues where my voice was a bit scrambled. I apologize, but this is a fascinating interview with a true contrarian of Wall Street.
Discover the first investing vehicle I fund each year with my own money. It is a vehicle that is gaining acceptance and usage, but I find most people aren’t using it to take advantage of its full power.
Then we finish with a discussion of how Wall Street makes its money, and why it isn’t advantageous to its clients.
Here is our inaugural episode of Saving Yourself From Wall Street podcast. In this podcast, we take a look at how to protect your identity from fraud and theft. We finish by telling you how Wall Street has been scamming customers with money market funds.