In August 1971, President Richard Nixon went on national television and shocked the world by defaulting on the gold-backed dollar system created at Bretton Woods in 1945. Up to that point, dollars were essentially coupons for real money … gold. Foreign dollar holders could turn in their dollars and walk away with gold at $35 per ounce. […]
California screaming … Read More »
In this week’s perusal of the news, this headline caught our attention … Bank of America declares the “end of the 60/40” standard portfolio Market Watch 10/15/19 We know it SEEMS like a pretty benign article … irrelevant to real estate investors. But au contraire mon frère … There’s actually quite a bit of useful intelligence packed
Bank of America just made the case for real estate … Read More »
Late filers in the U.S. just got finished assessing last year’s tax damages. For some, it was a pre-Halloween shocker. Fortunately, there’s still some time left in the current year to make some smart moves and take advantage of some of the most generous tax breaks available to investors … First, consider setting up a Qualified
Trick, treat or terrific tax break … Read More »
In a complex financial eco-system, there are MANY components, dependencies, and inter-dependencies … … any of which can be the catalyst for a seismic economic earthquake. The flip side and basis of real estate’s stability is real estate’s relative lack of liquidity as compared to publicly traded securities. After all, you can’t hit a buy or
Pension problems percolating … Read More »
With so much craziness in the world, we thought we’d consider what it might mean for real estate investors. After all, why should paper asset investors get all the thrills of global instability? Real estate investing might be stable, but it doesn’t have to be boring! Biggest sword competition … You may have heard that
North Korea and you … Read More »
You may have heard … Illinois is a mess … at least financially. Of course, there’s opportunities in there for real estate investors paying attention. So let’s take a look and see what we can learn … Rauner: Tax burden driving Illinois businesses, people to flee state– Lake County Gazette, 6/7/17 (Bruce Rauner is governor of
America’s MOST messed up state … Read More »