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InvestED: The Rule #1 Investing Podcast

482- Tax Dodgers

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 12 September 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

Cryptocurrency, as a volatile and emerging technology, is used by millions around the world. Some of those users are trying to find security amidst unstable financial situations, while others seeking to avoid government oversight or conduct more nefarious activities. Its decentralized nature offers both opportunities and risks. The ultra-wealthy, facing heavy taxation, often protect their assets through investments, relocating funds, or even engaging in deception. Meanwhile, multinational corporations hold immense power, frequently manipulating markets and governments, creating widespread challenges for economies and individuals. Staying abreast of developments in this nascent field is beneficial to investors, as the volatility in crypto markets can distort valuations and complicate the search for long-term investments. In this week’s episode, Phil and Danielle delve into the crypto scene and discuss how the tech sector seems to always be a step ahead of regulators. For further resources in identifying a company’s long-term trajectory, click here for your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33J Topics Discussed: Daily dives into trade publications Tether Goldcoin Apple’s Ireland tax troubles Coach/Michael Kors merger Resources Discussed: WSJ NYT Barron’s All-In Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is Phil Town and this is Daniel Town welcome to the invested

0:14.2

podcast you guys know what we do here

0:16.9

so of course today we're gonna do something else oh yeah

0:20.4

Why not the Wall Street Journal of the day and it was like, you know, the reading, the reading goes on, right?

0:28.6

The reading goes on, yes. It goes on and on. So just reading everything and here's a question that we haven't talked about in a

0:36.8

long time what stuff do you currently read on the regular?

0:42.0

Oh stuff meaning like, not books, but like, you know, a daily source, shall we say?

0:50.4

I spend, I spend a couple hours in the morning reading and it's like I'm pretty well

0:56.0

soaking up everything in the New York Times everything in the Wall Street Journal and

1:01.1

anything that catches my eye that needs to be more depth to it,

1:08.7

I'll start googling that and diving in.

1:11.5

And a lot of times in articles in both of the journal and the times they'll have

1:15.8

links to previous articles which further yeah so I do that every That is a really cool part of the digital age

1:26.2

that actually I had never quite put my finger on,

1:28.9

but yeah, you're right.

1:30.9

Whereas you used to read something in the paper when it was paper and go like, oh, interesting.

1:36.0

And maybe like cut it out and put it somewhere and eventually look into it.

1:40.0

But now it's just immediate.

1:42.0

It's so awesome. Super powerful tool that this linking and I read

1:47.2

barons which is a weekly they always are posting new stuff.

1:52.6

Barons is good.

1:54.1

Although I'm reminded, Charlie said

...

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