Winning at Life with Gregory Ricks

The Daily Wrap: 07.19.18


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01:18 - Gregory explains how Trump should factor into your financial decisions.

03:52 - Gregory reports on how much of our national debt is held by foreign countries, and how many countries have sold off big chunks of our bonds. Russia has unloaded most of their bond holdings, and has been buying up gold. What's going on with that?

13:13 - Russia's GDP has fallen by almost half since the price of oil crashed a few years ago. Gregory shows how Russia lost money dumping our bonds, and lost money on the gold they've been acquiring in recent years.

16:10 - Gregory shares how he evaluates a stock. Start with the company, it's earnings, do the books look good? Is the stock in a buying position? You have to make sure you're buying the right company, and you're buying it at the right time. Maybe you should wait a day or two if you're not sure.

19:41 - China is a much bigger economic counterweight to the United States than Russia. Their economy is around ten times as big, and China holds over a trillion in US debt. Russia is a bit player compared to China when it comes to affecting our economy and your money. The rest of the list on US debt holdings by country is a fun discussion.

25:03 - Gregory expects Russia to attempt to influence any and every election they can. Every country tries to influence any election they can. China, North Korea, Russia, Iran, and those countries are probably trying to hack anything and everything they can at all times, but here's the better part: we probably get hack attempts from allies like the UK, France, and Germany.

26:29 - What happens to all of the Burberry merchandise that goes unsold? Gregory reveals a common practice of the high end retail industry to maintain status and price: they burn it.

32:29 - We have a new richest man in the world: Jeff Bezos.

34:22 - The highest paid celebrities list is always interesting. Good to see the Rock doing so well.
37:21 - The Numbers come in a bit mixed, but a report says Tesla's cancellations are outpacing new reservations. Gregory questions the logic of a country with $21 trillion in debt continuing to subsidize companies like Tesla.

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