Today, in response to a question from one of the listeners, Kate talks about making charitable donations from brokerage accounts. She explains the tax benefits that you could enjoy from doing that. She cautions you, however, to avoid donating losing shares to charity, as this will not be to your advantage when it comes to your tax return. She also talks about Donor Advised Funds and discusses how you can benefit from those in terms of tax deductions and not having to pay any capital gains tax.
The guest on today's show is The Financial Mentor himself, Todd Tresidder, who Kate met at a Fincon conference last fall. Todd has a BA in economics and he's also a serial entrepreneur, having built many businesses since his childhood. His real claim to fame, however, is retiring at the age of thirty-five, from his position as a Hedge Fund Investment Manager, responsible for a twenty plus million dollar portfolio. His work at the hedge F=fund produced 100% winning years, apart from one, which showed less than a 5% loss.
Twelve years later, he became a self-made millionaire, by using the same personal finance and investment strategies that he teaches. Todd was an early pioneer in statistical and mathematical risk management systems for investing and he's still an active investor, earning consistent returns in both up and down markets. He has written a number of books, one of them being Investment Fraud- How Financial “Experts” Rip You Off and What To Do About It. Listen in today, as Todd advises you about how you can wise up and avoid the fraudsters.
Today, Todd talks about:
•The reason he can smell fraud from a mile away.
•What really governs the growth of your wealth.
•His own failure.
•Trusting in all, but tying up your camel.
•His three principles that you can use to protect yourself against the sixteen different types of fraud: 1) Regulated Domestic Securities and dealers have a lower risk of investment fraud than the unregulated and offshore counterparts. 2) Investment fraud comes in many different forms and changes with the times. 3) Have a healthy dose of skepticism and do your due diligence.
•Fraud vs bad investing.
•The results of artificially low interest rates.
•The recent cycles of “bubbles”.
•The bond “bubble du jour” we're facing now.
•How the risks get tilted when you get into a premium market.
Todd's website: www.financialmentor.com This is where you can find Todd's free book, 18 Essential Lessons From A Self-Made Millionaire.
Kate's website: www.americatalksmoney.com
Kate's email: firstname.lastname@example.org
Kate's book: Don't Let Your Money Kick The Bucket Before You Do is available from Amazon.