“Trader or Investor” Are you an investor or a trader? The answer is I don’t know exactly where one begins and the other one ends. This question needs to be examined because it provides insight into why so many people would be far better off investing in a diversified portfolio of low cost passive investments … Read more
Pricing an Asset If there should be a momentary disequilibrium such that the price of an asset were “too high,” causing expected returns to be “too low,” investors would sell the asset and its price would return to the equilibrium level. And, the converse would be true for assets whose prices were “too low” and whose … Read more
Vacation Homes have long been a source of angst among exchangers and their advisors because of the lack of guidance on whether they qualify as an investment property for IRC §1031 purposes. In the past, exchangers readily exchanged ‘second homes’ based on the claim that in addition to enjoying the vacation home personally, they also … Read more
In December 2005, I was fortunate to be able to attend a life-changing 3 day seminar in New Jersey, USA called “Millionaire Mind Intensive”. Two months earlier I’d read T Harv Eker’s bestselling book “Secrets Of The Millionaire Mind” and realized that Eker’s approach provided the clearest route to financial freedom I’d ever found. Today, … Read more