The Wealth Formula Podcast by Buck Joffrey Archives - Wealth Formula

Takeaways The post 430: Velerity Wealth Update 05/22/24 appeared first on Wealth Formula.

Tom Wheelwright, my friend and author of Tax-Free Wealth, describes the US tax code simply as a series of government-sponsored incentives. As someone who hates paying taxes, this fact has made me extraordinarily patriotic. The problem is, that sometimes incentives backfire. Case in point—during the British Raj rule in India, there was a proliferation of […] The post 429: Taxocracy appeared first on Wealth Formula.

My key takeaway from our guest (Ryan Bourne from the Cato Institute) on this week’s episode is that policy mistakes that adversely impact the free markets happen for a variety of reasons:Misread of dataPoor use of policy toolsPolitical motivationNational Security interests Whatever the reason, the consequences of policy mistakes are real for investors. For example, […] The post 428: Velerity Wealth Update 5/15/24 appeared first on Wealth Formula.

I have frequently described myself as most aligned with libertarian thought when it comes to my own politics. In terms of the economy, libertarians believe in the concept of a free market. Libertarians argue that a truly free market fosters prosperity, innovation, and individual liberty. But that doesn’t really describe the American economy, does it? […] The post 427: A Libertarian Perspective on the Market Economy appeared first on Wealth Formula.

Regarding the recent Podcast: A more relevant concern may be focused on the appetite or ability of investors to buy the quantum of debt being issued by the US government. As investors how do we position our investment portfolios for risks related to spiraling and unsustainable debt levels by our government: Current market trends The post 426: Velerity Wealth Update 5/8/24 appeared first on Wealth Formula.

Is it me or is no one talking about high U.S. debt levels anymore? Conventional wisdom has always been that high debt levels lead to inflation and the destruction of currencies, and money printing conjured up images of wheelbarrows full of worthless bills and economies in freefall. Then one day, the political party that used […] The post 425: The US Government Ponzi scheme? appeared first on Wealth Formula.

I have been asked by many to give my opinion on where the economy is headed and what to do. I have been reluctant to do so because I am not an economist and I do not want to give investment advice. However, I do think I owe it to you to let you know […] The post 424: Richard Duncan: U.S. Strong China in Trouble appeared first on Wealth Formula.

Even really smart people are wrong on a regular basis. I see this all the time in health and longevity-related issues on my other podcast, Sapio with Buck Joffrey. In case you are wondering…yes, I have become one of those middle-aged California guys trying to stay young at all costs. Not easy. But, I have […] The post 423: Campbell Harvey Says the Fed is WRONG on Inflation and Interest Rates appeared first on Wealth Formula.

The notion of moving wealth away from Wall Street into the hands of small private operators sounds great. However, it’s important to acknowledge some of the challenges of navigating these waters; challenges that many have witnessed first-hand in the podcast ecosystem over the past two years. First and foremost, let’s talk about vetting. Investing is […] The post 422: Avoiding Ponzi Schemes and Bad Actors appeared first on Wealth Formula.

As soon as I finished training, I opened up a cosmetic surgery business. When I say business, I mean a business not practice. From day one, it was my intention to create a brand that I could hand off or sell someday rather than to create a job for myself. I was also focused on […] The post 421: Turn Your Empty Space into a Self-Storage Business appeared first on Wealth Formula.

The cost of real estate transactions affects everyone regardless of whether you invest in real estate or not. Why? Because the cost of the transaction will ultimately be included in the price of the real estate. One of the biggest costs in a real estate transaction is the commission paid by the seller. In the […] The post 420: Realtors Make Legal Settlement: Changes Made to What YOU Pay! appeared first on Wealth Formula.

Last week I sent an update on the WF Velocity ATM Fund which currently has a live tranche. The email I sent, for reference, is below. The email prompted a number of questions that I answered and also thought it would be useful for my partner, Daryl Heller, who is also the majority owner of the […] The post 419: The Ins and Outs of ATM Investing appeared first on Wealth Formula.

In the long run, math is pretty much always right. That’s why insurance companies are so profitable. They make predictions using the law of big numbers. Math can predict pretty much anything. Even Sports! I just re-watched the movie Moneyball about how the Oakland A’s made an improbable run in major league baseball in 2002 […] The post 418: Using Math to Your Advantage appeared first on Wealth Formula.

I feel like I am going through another major transition in my life. I turned 50 last September—a fact that I deliberately chose not to publicize. I hate to admit it, but much of my behavior is stereotypical divorced midlife crisis stuff. I got a Ferrari, I’ve been working out incessantly and…I’ve been considering adding […] The post 417: Market Update from a Former Sovereign Wealth Fund Manager appeared first on Wealth Formula.

In the latest surge of technological evolution, one titan stands out, reshaping our landscape with the silent swiftness of a revolution: Artificial Intelligence, or AI. It’s a term that sparks a spectrum of emotions, from exhilaration at the dawn of a new era to trepidation about the unknowns it brings along. As we stand on […] The post 416: Artificial Intelligence: The Mother of All Technologies appeared first on Wealth Formula.

“I’m from the government and I’m here to help.” Ronald Reagan described those as the most dangerous words in the English language. I generally agree with the Gipper who I have fond memories of extending back to the 1980 presidential election that I watched with interest as a kindergartener. When the government gets too big, […] The post 415: Tax and Return: Judge Glock appeared first on Wealth Formula.

When I was fresh out of surgical residency and started to make some money, I started looking for advice on what to do with it. One of the questions I had was about life insurance. I was a newlywed and had a baby on the way (now she’s in high school by the way). So, […] The post 414: The Safest Double Digit Returning Investment in History? appeared first on Wealth Formula.

Retirement means “ceasing to work”. In my case, retirement will describe me when I’ve died. I understand retiring from a particular activity. Like how I retired from the practice of surgery about eight years ago. But global retirement sounds dire. It is like admitting that you are of no real value to the world anymore. […] The post 413: Social Security Scams and “Retirement” Planning appeared first on Wealth Formula.

The two most powerful motivations for behavior are fear and greed. If you haven’t thought about that before paying attention to the kinds of messaging you hear especially in the alternative asset podcast ecosystem? At the risk of offending gold bugs, how many times have you heard someone who sells precious metals on a podcast […] The post 412: Dual Citizenship: Plan B? appeared first on Wealth Formula.

The challenge with investing is that you can do everything right and still lose. Unfortunately its supposed to be that way otherwise everyone would take the biggest bets possible all the time and always win. That’s just not reality. In good times, it is very hard to anticipate what could happen if the unexpected occurs. […] The post 411: Heads I Win Tales You Lose: The U.S. Banking System appeared first on Wealth Formula.