Inspired by an article from Business Insider, Jason Hartman invites Dan Egan of Betterment onto the show to expand upon the idea of market timing. While much of the focus is on Wall Street and how market timing works in the stock market, a lot of these ideas can be applied to real estate investing. They also discuss topics such as long- and short-term capital gain, high-frequency trading and how happy we are with our own achievements in absolute terms. 

Key Takeaways

01.17 – Is successful market timing just an unachievable myth?

05.04 – Market trends can come in any form – currently we’re seeing a shift to the South by retiring baby boomers searching for warmer climes.

08.54 – We think about the social and political issues in China, but what about the real estate conditions?

17.15 – Stock trading investments are all about assessing long and short-term achievements. Remember that the government views capital gain in terms of short or long-term. 

17.58 – Dan Egan describes the ‘bid ask spread’, an economic term for the costs you never see a bill for.

21.20 – High-frequency trading might not be everything it’s cracked up to be. You have to compare the situations of the big traders with average Joe’s actions.

27.00 – Personal satisfaction is hugely important, but it’s always competing with our comparisons to the people around us.

29.15 – For more information about Dan Egan and his company, head to www.Betterment.com

Mentioned in this episode

www.Betterment.com

Flash Boys by Michael Lewis

In today’s Creating Wealth Show, Jason Hartman invites Jerry Robinson, author of Bankruptcy in Our Nation, to the show to share his views about what bankruptcy would look like. They discuss a variety of topics and consider frankly just how bleak America’s future could look. Robinson also gives his opinion on the impact of America’s international relations, as well as posing the interesting notion that we can see the path of America’s future by looking at the past of the rest of the world.

Key Takeaways

03.50 – Negotiating certain aspects of the deal with your property manager is always worth a try.

10.00 – Jason reads through some of the latest listener reviews from iTunes. Is yours there?

22.40 – Jerry Robinson’s Bankruptcy of Our Nation deals with facets of the economic crisis such as what happened, why it happened and what we thought would happen.

25.00 – In a number of ways, the 2014 picture we draw now looks very similar to the state of the world in 1914.

33.47 – No-one does anything for nothing. A closer look at the incentives can provide a lot of insight.

38.00 – The psychological impact of the economy is already taking an effect. People now expect prices and values to go up, and are surprised if they don’t.

46.06 – Maybe we need to reassess our definition of evil to better match today’s global situation.

50.15 – If the relationship between the US and Saudi Arabia changes, it could change the entire balance of power in the Middle East.

52.04 – Exports are always going to be vital, and we need to consider the impact if the US becomes energy-independent.

1.00.34 – International threats, and especially those involving cyber-attacks, must be taken seriously. Even if you’re living in a city, know the precautions you can take.

01.04.00 – Find out about Jerry Robinson’s Five Levels of Financial Freedom at www.FTMDaily.com/fivelevels. 

01.10.08 – With mortgage debt, as an investor you don’t even need to pay this off yourself – your tenants pay it off for you.

Mentioned in this episode

www.zillow.com

Bankruptcy of our Nation by Jerry Robinson

Jason Hartman’s introduction for today’s Creating Wealth Show focuses around the notion of being an empowered investor. This is the main theme for the 2015 Meet the Masters Event, but is also a vital concept to keep in mind for all of your investment strategies.

Today’s interviewee is none other than Jason’s Aunt Joan, an incredibly successful real estate investor who, together with her husband, owns more than 70 single-family homes around the Sacramento, California area. ‘Old-School’ seems to be the buzz-word of choice, but Joan talks about how she got into real estate, why she still loves it and gives some great advice about property management and keeping your tenants on side. 

Key Takeaways

02.27 – How do you become an empowered investor? Find out here and at the Meet the Masters event.

08.27 – The concept of win-win isn’t enough. At least 3 levels means that everyone’s interests are aligned.

16.42 – Jason Hartman asks his influential Aunt Joan about the beginning of her successful lifetime of real estate investing.

22.17 – Low-priced markets might look like the easy way in, but issues could mean big problems later.

29.36 – The Cyber Monday sale at www.JasonHartman.com is now on, with discounts of up to 40%.

36.39 – The information offered by Aunt Joan is available at www.SacRentals.com

42.40 – Be aware, both as an owner and a tenant, about who is paying the city utilities. Owners, flaky tenants could mean this is your responsibility.

45.45 – With tenant selection being so vital to success, you really need to master this in the early stages.

51.02 – One of the reasons that real estate retains such popularity is because it’s such a tangible thing.