The Commercial Investing Show

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[1:25] Is the US a giant Ponzi scheme?

[4:31] Understanding the difference between pension benefit plans and contribution plans is essential.

[14:15] The financial service industry preys on retail investors.

[19:49] Harry Markopolos is waiting to capitalize on a market correction.

[26:09] Analyzing the patterns and mistakes of the middle-class investor.

[34:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[36:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.


Be Your Bank

The Wealth Standard Podcast

The Wizard of Lies

Venture Alliance Mastermind

Direct download: CI_91_Patrick_Donohoe.mp3
Category:general -- posted at: 2:55pm EDT

Technology can make cheating not feel like cheating but technology itself is morally neutral.

Bruce Weinstein Ph.D. is the President and CEO of The Ethics Guy. He is a contributor to Bloomberg Businessweek Management blog and Fortune Magazine’s Leadership Channel online. He became enamored with Plato’s Republic, especially Plato’s allegory of the cave which led him down the path of philosophy. Today, Bruce helps people determine which qualities they should develop for their careers, companies to test the character of possible employees and employees to align their goals with their company’s mission statement and core values. He is the author of several books including Ethical Intelligence: 5 Principles for Untangling Your Toughest Problems at Work and Beyond and The Good Ones: 10 Crucial Qualities of High Character Employees.

Key Takeaways:

[2:19] Bruce was blown away by how dramatic and entertaining philosophy was when reading Plato’s Republic that he decided to make his career in it.

[6:15] Bruce’s opinion about the business world and whether it is it more or less ethical than 20 or 30 years ago?

[10:36] What are the are two approaches to doing ethics in a person’s life?

[15:55] A CEO told 60 minutes last year, businesses hire for competence but fire for character.

[17:55] Bruce’s new book, Ethical Intelligence includes tips for evaluating a person’s character: during an interview.

[23:54] Do large companies value ethics beyond the legal requirements?

[26:12] Successfully multi-tasking at more than one thing at a time is a technology driven myth.

[33:44] Send Bruce Weinstein an email describing what you believe to be the most important quality of an employee is will receive a free audio book.


Ethical Intelligence: Five Principles for Untangling Your Toughest Problems at Work and Beyond

Direct download: CI_90_Bruce_Weinstein.mp3
Category:general -- posted at: 12:00pm EDT

Bubbles are just a fact of investing. At some time or other, every asset class has been in a bubble. Whether it's the dot-com bubble of the 90s or the housing bubble in the 2000s, booms and busts are commonplace at this point. When they happen you have to make sure you're diversified and prepared for the downturn.

But what happens if it's not just one asset class? What if the bubble is...everything?

Mish Shedlock, economist and investment advisor at SitkaPacific Capital Management, talks with Jason about just this phenomenon, and provides some thoughts on ways you can protect yourself in the middle of this everything bubble.

Key Takeaways:

[3:07] Mish's Rule of Progress

[10:23] The Shiller P/E Ratio Chart and what it says about the market today

[12:08] The Buffett Indicator

[16:03] The Mish Shedlock investing thoughts for right now

[19:41] How asset inflation is leaving investors behind

[24:07] Some real estate price examples on the East coast that show the dangerous bubble we're probably in, and how policies are set up to aid the rich in their wealth creation


Direct download: CI_89_Mish_Shedlock.mp3
Category:general -- posted at: 4:18pm EDT

Jason and Richard Duncan continue discussing what Richard thinks will happen if the government stops supporting the global bubble, how the government can get back in the black on the spreadsheets, and why today is unique in terms of economic history.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:00] The rules completely changed when we ditched the gold standard and went to a paper money economy

[10:35] The winners in our new, global economy

[13:16] How governmental policy is driving the global bubble

[16:15] Never in human history have we seen what happens when the economy becomes global and money is printed in this abundance

[21:33] How we can pull our nation out of debt


The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: CI_88_Richard_Duncan.mp3
Category:general -- posted at: 12:00pm EDT