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THIS WEEK:
- Old reliables not so reliable in this market
- For a bull market, we need more bears
- Why you can't teach money
- Paul's Outrage: Why your investments should be liquid
- Our Guest:
Bill Bartmann, Entrepreneur, Founder of Billionaire Business School
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This week on Sound Investing...
Gold, oil, and other
commodities have fallen more than 25 percent in the past year.
International investments that seemed safe because of the weak dollar
have been hammered lately. Large companies that many people regard as
more secure during bad markets haven’t lived up to that billing. This
week, you’ll hear Tom Cock and Don McDonald discuss why proper
diversification is still your most important defense.
Bill
Bartmann was homeless at the age of 14, a member of a street gang and a
high-school dropout. After turning his life around he created a new
industry in debt resolution known as Commercial Financial Services
which grew to 3,900 employees and revenues over $1 billion. Then he
watched as his company was liquidated and a large part of his fortune
disappeared. We talk with Bill about his new enterprise, Billionaire
Business School, and the roller coaster ride he has been on.
Many
mutual funds sock their shareholders for marketing expenses in the form
of 12b-1 fees. Don McDonald tells you how to spot these charges, which
can be as high as 2.5 percent.
Will things get worse before
they get better? Obviously nobody knows for sure. Mark Hulbert, a
veteran tracker of investment newsletter advice, has suggested that now
isn’t the best time to buy. Tune in to hear what Tom and Don have to
say.
Do you and your advisor or broker have a conflict of
interest? Is this worth your timing thinking about? Paul Merriman tells
why eliminating conflicts of interest this could be one of the most
important steps to protecting your retirement.
Lauren Willis, a
professor at Loyola Law School in Los Angeles, says it’s a waste of
time for the sellers of financial products to try to educate investors.
Find out whether Tom and Don agree.
Don’t miss Paul’s weekly Outrage: Why keeping your liquidity is more important than you may think.
Have a great week!
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