Every week or two, we share our rationally optimistic long-term perspective on current events to balance out the mainstream financial media.
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Joe Ward, CFP®, RICP®, TPCP®
Every week or two, we share our rationally optimistic long-term perspective on current events to balance out the mainstream financial media.
Refined Wealth Newsletter by Joe Ward Read Time: 3 Minutes The "Smart" Money Read: The smart money was on the sideline while the market went up 4%. Of course, they are still collecting their "2 & 20" fees- The 2% management fee gets charged whether the fund gains or loses money- Plus a 20% performance fee on the gains (when they exist) What are hedge funds again? Expensive, loosely regulated investment funds with a single objective: make money in the public markets by betting for or against...
Refined Wealth Newsletter by Joe Ward My First Timeshare Presentation Last week my wife and I celebrated our fourth wedding anniversary in Colorado. After checking the weather back home, she suggested we extend the trip through the weekend. I agreed. I found a great deal at the base of a resort that was on our way back. The catch: "you agree to take a 90-minute tour of the resort." I assumed we'd learn something about the mountain, the town, that sort of thing. But I wasn't naive enough to...
Refined Wealth Newsletter by Joe Ward Trump Accounts Trump Accounts are set to be the best gifting & inheritance tool ever created. I'd be shocked if a future Congress doesn't try to change the rules. Key points: ➔ Trump Accounts are Traditional IRAs ➔ Traditional IRAs can be converted to Roth IRAs The combination enables more money at an earlier age than ever possible in a Roth IRA, with a lifetime of future tax-free growth and withdrawals. A Case Study (Hypothetical) Assume you deposit...