TDI Episode 89: Crashproof’n with Peter Schiff

December 30, 2008

Guest: Peter Schiff, Author of Crashproof and President of Euro Pacific Capital. Andrew and Peter explore the global meltdown and the potential winners emerging out of the ashes. How has his theory of a global market decoupling performed for his investment clients during 2008? Listen in to find out the answers to this and other predictions of economic doom and financial disaster. Fun! (?)

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Peter Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly.

As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nation’s leading newspapers.

His best-selling book, “Crash Proof: How to Profit from the Coming Economic Collapse” was published by Wiley & Sons in February of 2007 and his second book, “The Little Book of Bull Moves in Bear Markets: How to Keep your Portfolio Up When the Market is Down” was published by Wiley & Sons in October of 2008.

crashproof
Stocks Discussed in this episode: China Mobile (CHL), New Oriental Education (EDU)

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Why Do We Protect The Rapists?

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Earlier this month, there were several Read more

New Tax Relief for IRAs – Bad Deal

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It looks great at first glance, but looking closer it appears to be too little, much too late.

New legislative action has been enacted that waives the Required Minimum Distribution (RMD) from IRAs and other types of pension plans for 2009. The idea is to help retirees who have seen their account values drastically reduced by the recent market disaster by allowing for the monies to remain in a tax advantaged account for at least one more year.

Traditionally, when an IRA owner turns 70 1/2 they are required to take an annual distribution and pay taxes on the withdrawal. The RMD calculation applies the prior year’s account balances against a life expectancy factor to arrive at the minimum amount to be withdrawn by December 31st. As most accounts were valued significantly higher than they are now at the end of 2007, the amount of money that was required to be withdrawn in 2008 is disproportional to the current account value. Unfortunately, while it seems to be a nice plan to help seniors, this new law misses the intended mark by a mile.

Here’s why…

Click HERE for entire Article on MSN TopStocks

Recent Proshares Capital Gains – Tax Problem?

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There have been several significant capital gain distributions from our friends over at Proshares. As the year progressed, the gains grew for many of the Short ETFs and now they are passing-through to shareholders. (See list of distributions HERE)

On one hand, it is great that there have been gains in an otherwise horrid year for equities. On the other, who wants gains in positions that are part of a core portfolio? Read more

Sunday Fun: Investment Quiz

December 28, 2008

Here is a little something for those who would like to challenge their investment acumen. Bankrate.com has a quick quiz to put your skills to the test.

Check it out HERE

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