How to Turn $3,000 into $50 Million - 130

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 4 September 2017

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing authority Paul Merriman explains how to turn $3,000 into $50 million and talks to Joe and Big Al about value vs growth companies, market timing, choosing the right mix of stocks, bonds and other investments, and which stocks don’t beat even Treasuries in the long term. Plus, The 10 Best - and Worst - Places to Retire, Ways to Fund Children’s Education, and how to minimize taxes in retirement.

Transcript

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0:00.0	A word of apology to start this week's podcast, we had a little technical difficulty with the intro of your money, your wealth today, as you'll hear here.
0:07.1	Believe it or not, you literally, between what you take out and what you leave to your heirs, you could turn that $3,000 into $50 million, but that would be making a lot less than...
0:18.9	As in the past, because...
0:21.6	...has produced about 5% a year more than the S&P 500.
0:27.6	Nah, just kidding.
0:28.6	We just want you to stick around to find out which investment,
0:31.6	nationally known investing authority Paul Merriman says,
0:34.6	can turn $3,000 into $50 million.
0:38.2	He also talks to Joe and Big Al about value versus growth companies, market timing,
0:42.8	choosing the right mix of stocks, bonds, and other investments, and which stocks don't even
0:47.2	beat treasuries in the long term.
0:49.4	Plus, the 10 best and worst places to retire.
0:52.2	And ways to fund children's education in our newest
0:55.1	awkwardly named segment, catch Jason Thomas CFP by surprise.
0:59.5	Now, with no technical difficulties, here are Joe Anderson CFP and Big Al Clopline CPA.
1:06.9	You know, Alan, real estate prices are up again, and you just informed me that the 1031 exchange might be XNAID.
1:15.7	So let's kind of, this is like hot off the press news.
1:19.0	Yeah, this is according to Kiplinger tax letter.
1:22.5	And here's what they're saying.
1:23.9	They're saying that the days of deferring 100% of the gain through like-kind exchanges
1:29.8	could be numbered if tax reform does happen. So just as a point of review, if you own a rental
1:37.3	property, okay, let's say it costs $500,000 and you bought it for $100,000 years ago. So if you
	...

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