Creating Wealth Real Estate Investing with Jason Hartman (general)

We all have biases, and whether we are aware of them or not, they are directing our decisions moving forward or not moving at all. Jason Hartman shares the pros and cons of a few choice biases that play a significant role in your investment. As well as breaking down bias shared worldwide, Jason introduces some named and explicitly designed for investing. While regular listeners may be able to see the connection from episode to episode, these biases have multiple applications. 

Meet The Masters Virtual: July 31 – August 2

JasonHartman.com/Masters

Guests: Harry Dent, George Gammon, Sean Carroll

Key Takeaways:

[4:00] “If you choose not to decide, you have made a choice.” -Rush

[8:30] Discussing the bogus real estate metric, that is, “return on equity. “

[10:00] Biases from the Chartered Financial Institute, CFA.

[11:30] The Savings Bias

[15:15] Opportunity Cost Bias

[17:00] Over-confidence Bias

[18:30] The Virtue of Selfishness, Ayn Rand

[20:24] Love is Letting Go of Fear by Gerald G. Jampolsky

[21:35] Availability Bias

[22:15] Loss Aversion Bias

[25:15] Breaking down bias into two categories; cognitive and emotional.

[25:25] Endowment Bias

[30:00] Introducing; The Compared To What Bias

[33:00] Understanding the importance of a checklist, from the perspective of a pilot. 

Websites:

1-800-HARTMAN

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1500_Bias.mp3
Category:general -- posted at: 5:00pm EDT

This episode of FlashBack Friday was Originally Released: November 29, 2011 

Join Jason Hartman and author and chief economist at Blackhorse Asset Management in Singapore, Richard Duncan, as they discuss the global economic crisis, how it came about, where we are now, and what happens next. Richard talks about the history of the Great Depression and how we’re back in that same spot today. Richard also shares his solution to permanently end the crisis.

Richard Duncan is the author of The Dollar Crisis: Causes, Consequences, Cures, his prediction of the current global economic disaster, and his new book, The Corruption of Capitalism, a strategy to rebalance the global economy and restore sustainable growth. Richard is an equities analyst, beginning his career in Hong Kong in 1986, and has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington, D.C., as well as headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok and worked as a consultant for the IMF in Thailand during the Asia Crisis. His current position is chief economist at Blackhorse Asset Management in Singapore.

Richard graduated from Vanderbilt University in literature and economics, and Babson College in international finance. He spent a year between the two universities backpacking around the world.

Richard Duncan has appeared on many major media outlets, including CNBC, CNN, BBC, Bloomberg Television, and BBC World Service Radio. He has published articles in The Financial Times, The Far East Economic Review, FinanceAsia and CFO Asia. He is a well-known speaker, having appeared before The World Economic Forum’s East Asia Economic Summit in Singapore, The EuroFinance Conference in Copenhagen, The Chief Financial Officers’ Roundtable in Shanghai, and The World Knowledge Forum in Seoul.

Websites:

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)


Jason Hartman talks about the uniqueness of the US real estate market, or shall we call it the advantage? The US market has consistency and a better rule of law. As well, the US has greater data transparency and tools for research and understanding comps. Also, the housing market recovery index. What does the housing market recovery index report right now?

Adam Robinson returns to the show to further his discussion with Jason about macroeconomics. A system based on radical consumption is a losing battle. How has this shaped us, and how has the coronavirus changed how we eat, dress, consume, and even view real estate?

Webinar:

JasonHartman.com/FloridaGeorgia

JasonHartman.com/Asset

Meet The Masters Virtual: July 31 - August 2

JasonHartman.com/Masters

Guests: Harry Dent, George Gammon, Sean Carroll

Key Takeaways:

[2:00] What’s happening with Hong Kong?

[5:00] The US real estate market is so unique with a better rule of law, greater data transparency, and access to many tools. 

[8:00] Thou shalt not gamble. -Jason Hartman Commandment No. 5

[12:45] The housing market recovery index says that things are lookin’ good!

[15:35] Certain cities had the greatest recoveries, but did they also have the greatest declines?

[16:30] The Hartman Index?

Adam Robinson Part 2

[22:10] A system based on radical consumption is a losing battle. 

[25:45] Let’s break away for a Google/Psychology session. 

[31:00] Our home life has changed so much. How we eat, dress, and purchase things have shifted because of the Stay-At-Home orders. 

Websites:

IAmAdamRobinson.com

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1498_Global_Macro_Advisor_Part_2.mp3
Category:general -- posted at: 5:00pm EDT

The Dow, Nasdaq, and S&P 500 are all having their best quarters in a long time thanks to the endless bailout programs. Jason Hartman discusses the shape of this recovery, why it’s working, and how long it can keep going.

Adam Robinson is on the show today to take a deep dive into the collapse of a global market. It’s not just about inflation and deflation, it’s understanding the collapse of the velocity of money. Now, the majority is trying to understand negative interest rates. 

Webinar:

JasonHartman.com/FloridaGeorgia

Meet The Masters Virtual: July 31 - August 2

Guests: Harry Dent, George Gammon, Sean Carroll

Key Takeaways:

[1:25] Major US stock averages posted their best quarter in decades.

[6:00] The US can keep the bailout game going a long time!

[12:30] The recovery that started out like a “V” is changing shape. But to what shape? 

Adam Robinson

[21:00] Millennials, Gen Z, or people in the prime of their life, able to afford Manhattan are looking to migrate away from high-density areas. 

[23:00] Are we looking at a collapse in the global economy?

[29:15] What would the economy look like if everyone got a check for $100k? 

[33:10] Inflation and deflation aside, what we care about, is the velocity of money, which has collapsed. 

[35:45] With negative interest rates, you’re paid to own gold.

Websites:

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1497_Global_Macro_Advisor_Part_1.mp3
Category:general -- posted at: 5:00pm EDT

Familiarity breeds complacency. Jason Hartman and investment counselor Sara talk briefly on insuring quality products for client and investor satisfaction. In 3,000 years, we have never seen interest rates so low. Banks have pulled back sharply on lending for anything. 

Pat Donohoe returns to the show to discuss how it is that an economy grows. The keyword here is debt. Debt is priced into everything and used for growth.

Meet The Masters Virtual: July 31 - August 2

Guests: Harry Dent, George Gammon, Sean Carroll

Key Takeaways:

[2:00] Out with the old and, in with the new local market specialists. How to ghost the guys in which you don’t want to do business. 

[6:15] Banks have pulled back sharply on lending to US consumers.

[12:20] Interest rates are the lowest they’ve been in 3,000 years! 

Pat Donohoe

[17:25] Have the rules changed in an era of riots and civil unrest?

[20:45] Sometimes, you need contrast to understand the value of one system.

[25:00] If someone makes a poor choice, there is no bailout. 

[29:00] Debt is priced into everything. It fuels the economy.  

[30”45] If you want to create real wealth, you simply must have capital formation.

Websites:

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1496_Pat_Donahoe_Sara.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman hosts today’s show on a booming economy and real estate market. How can one make sense of an economy with so much intervention? New home listings are on the rise but the luxury home market does not have as much growth in comparison. Whether it’s new homes or luxury homes, people are looking away from high-density areas for the purchase of their next home.

Be the arbitrager, not just a landlord. Real estate investing is a multi-dimensional asset with many moving parts and opportunities to capitalize on your money. From the basic monthly profit to inflation-induced debt destruction, master your understanding of real estate investing. Get ready for Meet the Masters, Virtual.

Meet The Masters Virtual: July 31 - August 2

Guests: Harry Dent, George Gammon, Sean Carroll

Key Takeaways:

[1:25] Very few things make sense in an economy that has this much intervention. 

[2:00] New homes listings will soon breach the pre-COVID level.

[4:00] Luxury home markets see only 25 of 94 markets on the rise.  

[7:40] New listings of higher-end homes have been down by 46% while less expensive homes were down by 32%. This is an inventory decline across the board. 

[9:25] realtor.com shows numbers proving that people are looking for homes away from high-density areas. 

[11:20] Stock and bonds are fiat money. It is paper with no intrinsic value.

[14:00] Listen for the recapitulation of the IIDD, inflation-induced debt destruction.

[17:00] Is a real estate investor just someone who rents houses?

[19:45] How can you financialize your life more?

[21:30] The people closest to the money, get the richest.

[24:00] Trickle-down economics vs trickle-up economics. 

[26:00] As Richard Cantillon discussed, “the more local you are to the money, the more you will be enriched by it.”

[27:10] I’m an arbitrager, not just a landlord. 

[30:00] If you don’t have a plan for your life, you’re going to become someone else’s plan. 

[31:00] Final thoughts on the Cantillon Effect

Websites:

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1495_The_Arbitrager_Jason_Hartman.mp3
Category:general -- posted at: 5:00pm EDT

This episode of FlashBack Friday was Originally Released: January 14, 2015

Today on the Creating Wealth show, Jason returns from the Meet the Masters event and tells his listeners that he still believes that investing within the United States is your best option as oppose to internationally. He also introduces his guest Dr. Ben Carson on the show where they talk about the medical system, debt, big government, and Ben's latest book entitled One Nation.

Key Takeaways:

[2:00] Should you invest internationally or nationally?

[7:10] Arthur C Clarke once said, “The only thing we can be sure about the future is that it'll be absolutely fantastic.”

[9:45] Touches a little bit on the Meet the Masters event.

[12:45] We have so many bad examples of what big government is, yet history keeps repeating itself.

[15:00] Dr. Ben Carson talks about alternatives that would make the medical system better.

[17:50] “Those who want to fundamentally change America, know that you first must divide Americans.” - Ben Carson

[18:00] Ben talks about what his latest book, One Nation, is about.

[22:10] Detroit is the poster child for big government disaster.

[25:45] If we just obey, then the government wins by default.

[29:25] The United States has the highest corporate tax rate in the world, which is why businesses are taking their locations overseas instead.

[33:00] Ben talks about how you can get enough courage to take control and achieve your American dream.

Websites:

RealBenCarson.com

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1494_FBF_Ben_Carson.mp3
Category:general -- posted at: 5:00pm EDT

Debt, deficit, GDP, and IMF. Jason Hartman clears up some confusion and expresses some views on the constant flow of relief funds. As well, some news about the upcoming Meet The Masters, Virtual Sofa Summit. Mark your calendars for July 31 thru August 2. 

He is one of the most famous economic investigative journalists of all time, Jason Hartman interviews James B. Steel. Jason ask James about the decimated middle class, how did we get here, and how can we get out? As well, James touches on health care and the American dream, and how to make the middle class viable again.

Meet The Masters Virtual: July 31 - August 2

Harry Dent, George Gammon, Sean Carroll

Book: 

America What Went Wrong, The Crisis Deepens by Donald Barlett & James B. Steele

Key Takeaways:

[3:30] Let’s talk about the IMF’s new report, (International Monetary Fund).

[5:00] Global debt vs global GDP.

[6:45] Clarifying debt and deficit. 

[8:45] Keep the relief fund flowing, regardless of the debt and deficit?

James B. Steele

[13:45] The middle class has been decimated, without a real dollar raise in four decades. How can this be?

[18:00] Discussing how the median income is behind pace.

[22:30] The free market has been wonderful for this country but it cannot solve this problem we’re in.

[26:00] How could health care be solved?

[30:00] Who are the global money men?

[31:00] Is there hope for the American dream?

[34:15] The solution; what is the foundation that makes the middle class viable again?

Websites:

barlettandsteele.com

JasonHartman.com/asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1493_What_Went_Wrong_James_B_Steele.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman talks about the U.S. dollar and its strength through pandemic times, while Steven Roach has differing opinions. Will the dollar decline because of coronavirus or will the global currency maintain its value? Also, record low interest rates caused the sale of new homes to jump in May. 

Brent Johnson returns to the show to discuss the broad term currency as it pertains to gold, the U.S. dollar, and many other currencies around the world. Brent shares his views on gold and the role it plays. As well, Brent and Jason discuss what is needed for money to be loaned into existence. 

Key Takeaways:

[1:42] Steven Roach’s new prediction. 

[2:45] The ‘Sofa Summit,’ Meet the Masters 22nd Anniversary, in virtual style new dates: July 31st (Friday Evening), Saturday and Sunday, August 1st and 2nd. With keynote speaker, Harry Dent!

[4:45] Will the dollar decline because of Coronavirus? 

[14:00] Sales of new homes jumped in May due to low interest rates.

Brent Johnson

[18:35] Let’s talk about gold and the role it plays.

[25:00] Because money is loaned into existence, you need monetary velocity or credit expansion to be taking place. 

[28:00] What about military tensions?

[32:45] How delicate is our economy that corporate giants need bailouts as bad as family-owned restaurants?

Websites:

JasonHartman.com/asset

SantiagoCapital.com

twitter: @santiagoaufund

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1492_Brent_Johnson_PT_2.mp3
Category:general -- posted at: 5:00pm EDT

Jason Hartman reminds listeners to refi ’till ya die! Jason takes some questions and comments from listeners pertaining to possible strategy changes in investing due to COVID-19. While the 1% has always been a good rule of thumb, right now you might be able to rule it out. 

What is the “dollar milkshake theory”? Brent Johnson joins Jason Hartman to share his ideas and concepts on macroeconomics. Particularly, what’s the strength of the U.S. dollar, and how does it compare to gold and other currencies? Brent also shares his thoughts on modern monetary theory and the possibility of its presence in the future, and potential problems.

Key Takeaways:

[2:15] Questions from listeners starting with questions about the 1% rental rate.

[6:00] Don’t forget, REFI till ya Die! 

[9:30] Comment or criticism? Let’s find out. 

[12:00] A few of the many reasons that suburbia is on the rise. 

[15:30] The DTI for qualified mortgage standards.

Brent Johnson

[16:00] Dollar milkshake theory.

[18:00] Discussing MMT Modern Monetary Theory

[19:30] Until a new system is designed, there is no place to go, other than the U.S. dollar.

[23:10] Does MMT work, or is a pipe-dream?

Websites:

SantiagoCapital.com

Twitter: @santiagoaufund

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: CW_1491_Brent_Johnson_PT_1.mp3
Category:general -- posted at: 5:00pm EDT