Winning at Life with Gregory Ricks

Episode 1154: The Daily Wrap 05.19.21


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The Wine, Wisdom, and Food experience is back! Gregory hosts a wine pairing, and a financial talk with a focus on tax planning, and a tactical element added to the Invest 50-50.

The Numbers were in the red, but nothing catastrophic.

The talk of the day was the dive in crypto currencies. Bitcoin fell about 30% from its recent record high. Gregory explains how cryptos are not investing, they are speculating.

Lumber fell a bit, but remains in the clouds.

Will inflation be temporary? Gregory review the case for transitory inflation.

Julio on Youtube asks:
So what is the answer to this question? Should I use my 401(k) to pay off my rental property? I have $220,000 in my 401(k). I owe $204,000 on my three unit rental property. It generates $3,250 a month. The interest rate on my rental property is 3.625%. I currently pay $1, 863 a month on the mortgage.

Curtis on Youtube asks:
what advice can you give to a beginner who just got into trading? I'm about giving up because I don't make enough profits like people talk about it, my account gets liquidated.

Anna in New Orleans wants to convert her 401k to a Roth IRA. How much can she do at a time?
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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks