Capitalist Investor

The Iceman and Diamond Hands D discuss the recent launch of Bitcoin as the national currency of El Salvador.  The launch of Bitcoin as a national currency had a very rocky start but still took Bitcoin a step closer to full adaption.  Mark and Derek also discuss what this means for Bitcoin and other cryptocurrencies in the future.  Finally, what other applications lie ahead for blockchain technology, and when can we stop carrying a wallet!?

One would think that El Salvador coming out and saying that they were going to accept Bitcoin as a legal currency would be good, right? Shouldn't it also be good for crypto? Bitcoin did not respond positively to that news.  

Countries like El Salvador adopting Bitcoin as a currency and potentially even their national currency makes a lot of sense, at least in theory. We need to be watching to see if other countries in Latin America, who are also all very similar sociologically and financially, start adopting the same ideas.  How hard will the U.S. fight against it with the dollar being the reserve currency of the world? If we don't need the dollar as the reserve currency, because any currency can be readily converted into crypto, we lose our advantage.



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Diamond Hands D and Tony The Tiger discuss several questions that both retirees and non-retirees get wrong when thinking about taxes.  Derek and Tony further discuss what tax changes could be coming and what it means for everyone's retirement, and what we can do now to prepare. 

https://www.kiplinger.com/retirement/602564/questions-retirees-often-get-wrong-about-taxes-in-retirement
 
[3:50] When you retire, will your taxes be higher or lower than when you were working? Should I be putting all my money into a Roth IRA because it isn't taxable?

[7:20] Are my Social Security benefits taxable?

[11:04] Can you contribute to an IRA after you retire?

[12:10] Are withdrawals from IRA tax-free once you are retired?

[13:15] Are post-retirement rollovers from a 401(k) plan to a traditional IRA tax-free?

[14:56] Is the income you receive from an annuity you own taxable?

[15:50] At what age must holders of traditional IRAs and 401(k)s start taking required minimum distributions (RMDs)?

[18:35] Are RMDs calculated the same way for distributions from multiple IRAs and multiple 401(k) plans?

https://www.bankrate.com/retirement/ira-rmd-table/

[19:56] Do you have to take your first RMD by December 31 of the year you turn 72?

[21:17] If your spouse dies and you get a big life insurance payout, will you have to pay tax on the money?

[21:43] How valuable must an individual's estate be at death to be hit by federal estate taxes in 2021?

[23:00] If you're over 65, can you take a higher standard deduction than other folks are allowed?

[24:00] BONUS:  Should you pay off your mortgage before you retire?

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The Iceman and Diamond Hands D break down the current state of the housing market.   The guys explore and discuss many of the questions investors are asking about the sustainability of this red hot market.  Can it continue, or are we headed for a crash?  How do retirees play the market if they are considering a vacation home?  Mark and Derek also discuss different stocks they like in today's homebuilders' category. 

[2:30] Where are we at right now?  From the shortage of homes for sale, average price being right around $360,000, to the 18% appreciation over the last year.

[5:07] Houses were being sold 20% over the asking price.  100% seller's market.

[8:40] Will the housing market crash? Can the prices continue to go up?

[10:15] Homebuilders can solve many of these supply issues.  We have gone ten years without building homes.  How to invest in the housing market?  D shares his knowledge of Pulte Homes stock PHM as an investment option.

[14:45] Home buying season is coming to an end, especially in the Cleveland market.

[17:20] Are you close to retirement and thinking about buying a retirement home? 

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The crosshairs are on the Cryptocurrency community because cyber attackers are demanding their ransom be paid in Bitcoin.  Bitcoin is the currency of choice for illegal activity & blackmailing corporations.  Hackers are taking advantage of the lack of regulation and oversight that is currently in place.  Does this activity change the way you feel about owning it?  Will regulations affect the value of Bitcoin?  How will gains be reported for tax purposes?  Tony “The Tiger” Zabiegala and "No Nickname" Mark Tepper discuss their views on this very important issue.  And finally, has Mark landed on a nickname?!

[4:50] Tony has Lifelock but Mark has an even better method of protecting your identity from being hacked.

[5:45] T‑Mobile Cybersecurity Incident Update

We have been working around the clock to investigate claims being made that T-Mobile data may have been illegally accessed. We take the protection of our customers very seriously and we are conducting an extensive analysis alongside digital forensic experts to understand the validity of these claims, and we are coordinating with law enforcement.

We have determined that unauthorized access to some T-Mobile data occurred, however, we have not yet determined that there is any personal customer data involved. We are confident that the entry point used to gain access has been closed, and we are continuing our deep technical review of the situation across our systems to identify the nature of any data that was illegally accessed. This investigation will take some time but we are working with the highest degree of urgency. Until we have completed this assessment we cannot confirm the reported number of records affected or the validity of statements made by others.

We understand that customers will have questions and concerns, and resolving those is critically important to us. Once we have a more complete and verified understanding of what occurred, we will proactively communicate with our customers and other stakeholders.

[12:05] Mark reveals his best-kept secret to protect your identity.  Mark has lived through being hacked and someone using his identity.  

 [16:40] Randsoms are being paid in Bitcoin.

A business will fall victim to a ransomware attack every 11 seconds this year, according to research firm Cybersecurity Ventures. Some of them, like Colonial Pipeline, have admitted they don’t have a plan for when that happens.


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Diamond Hands D & Tony Z discuss how sports franchises attempt to hold cities ransom with their stadium leases and construction.   The Buffalo Bills ask the locals for $1.1 BILLION to build a new stadium.   Should the local taxpayers pay for these stadiums?  Not everyone is a sports fan but yet many stadiums are built on taxpayer dollars.  Also, would you pay to watch the Super Bowl?

[2:43] Buffalo Bills Want a $1.1 Billion New Stadium

Preliminary talks have begun between the owners of the Buffalo Bills, the State of New York, and Erie County as officials consider a pitch by the team to build a new NFL stadium. It’s one of the largest asks for public money in pro sports stadium negotiations: Pegula Sports and Entertainment, the team’s owners, have pitched a $1.5 billion proposal for a new stadium in Orchard Park and additionally help cover some renovation costs to the Pegulas' NHL Sabres arena in downtown Buffalo.

[5:00] Cleveland has lived through this before and is currently dealing with it

Tony remembers how the Browns left Cleveland under similar circumstances.  But what's really getting under Tony's skin is the new Indians name & also asking for new renovations. 

[11:00] Who Should Pay For These Stadiums?

How much income do cities gain from having a professional franchise?   Does the city gain from the investment?

[16:50] Super Bowl on Pay-Per-View?

Would you pay to watch the Super Bowl?  It is not unheard of to pay to watch a sporting event and it has been successful for the UFC, Boxing & WWE has a great track record of people paying to watch big events.

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In this week's episode, Mark and Derek discuss the wild ride that is the Robinhood IPO!  The stock has bounced back in a big way after starting out one of the worst IPOs in recent history.  Is now the time to buy?  Has the growth story already happened, or is the best yet to come for $HOOD?  The dynamic duo reveals the three boxes a stock must check to end up in their portfolio. 

[2:00] Robinhood’s IPO 

[14:40] Dangers for Novice Investors 

[19:10] Would We Own Robinhood? Our Criteria - Management Team, Growth and Valuation 

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In this week's episode, Derek and special guest Tony Zabigala discuss dark pool trading.  What is it, is it legal, and why is #apenation so upset about it?!  You'll want to listen to the end to get Tony's killer "Dino Egg" recipe!

[3:12] Dark Pool Trading. What is it?

[6:54] Why do Dark Pools exist?

[11:10] Pros and Cons 

[17:40] Do we really want to know the “How”

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In this week’s episode, Mark and Derek discuss when is the proper time to panic over a market pullback.  In a given year the normal pullback in the market is around 12%-13%.  How much have we seen in 2021?  Additionally, the guys discuss how to reevaluate a position, time horizon, and what should be required before you're allowed to troll someone on Twitter.   

[1:00] What people should and shouldn’t expect from the stock market.
[1:38] Investors have a short term memory
[9:55] Twitter Trolls - Want to double their money overnight!! A true measure of how to evaluate a stock.

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Mark & Derek (Diamond Hands D) discuss a recent article that they read from Bloomberg about Tiger 21, a club of more than 800 ultra-high net worth investors.  What are these top 1% investing in?  What should we take from this information?  The guys break it all down for you in this episode.  Derek also shares one of his favorite shows to watch ... yes it is another WWE show. 

[0:56] WWE Most Wanted Treasures Show
[2:58] What puts you in the ultra-high net worth category?
[5:13] Public Equities
[8:50] Private Equities
[13:18] TECH, FANG & Clean Energy
[15:10] Cryptocurrencies

Bloomberg Article
TIGER 21 https://tiger21.com/    @TIGER21

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Most novice investors want instant results. When they see that the stock is moving in an upside direction after they bought it, they conclude that they have bought the right stock. The destructive habit of instant results has led investors to another destructive habit – instant gratification.  Investing for a solid retirement isn't gambling on meme stocks.  But in this week's episode, Mark and Derek discuss how Strategic Wealth Partners research companies that may have that 10x abilities in the future.

[2:39] What is sourcing hidden gem stocks?
[9:29] STEP ONE: Source the Names or Ideas
[20:41] STEP TWO: Do Your research
[27:58] Derek's Smoking Ribs Tips

Connect with Derek Gabrielsen

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