Winning at Life with Gregory Ricks

The Daily Wrap: 05.09.19


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01:17 - An update on the upcoming Uber IPO. This is the IPO with the largest operating loss in history, beating the record set earlier this year by Lyft. Having a record of consistently hemmoraging money isn't enough to scare off investors, even though IPOs haven't been very succesful lately.

13:35 - The Numbers were red all of the way around. More spooked selling from China talks, Uber


24:05 - If you're getting a late start in saving for retirement, the important thing is to start somewhere, even if you have to start small.

33:21 - Gregory talks about some upcoming events, and focuses on legacy planning and tax planning for those reaching for that next level of financial planning.

38:17 - A pair of Senators announce a plan to cap credit card interest at 15%. While their hearts are in the right place, their economics is not. Price controls will inevitably have some negative unintended consequences, such as forcing cost to go up elsewhere or supply shortages. Higher fees and tightening of credit standards will not help the people they intend to protect.

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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks