Regular Daily readers know we’re big proponents of using dividend-paying whole life insurance to build wealth. We call the strategy Income for Life or the 770 Account. We love it because it lets you build your wealth tax-free… it pays (over the long run) about 30-40 times more than traditional bank accounts… and you can […]
From Greg Wilson, chief analyst, the Legacy Portfolio: He put the concept to work in 1987 when he and his firm bought Brown-Forman (the maker of Jack Daniel’s). In time, it paid enormous dividends… Tom Russo is a partner and portfolio manager at Gardner Russo & Gardner and Semper Vic Partners. He’s also a long-term […]
And just like that, the world came unglued… Zero Hedge reports a series of financial scares is sweeping the world: Greece declared a bank holiday through July 6. That’s when the Greek people will vote on a de facto referendum over whether to exit the eurozone. A Greek exit will send global equity markets reeling. […]
From Mark Ford, editor, Creating Wealth: “If I had more time, I’d have more fun,” we tell ourselves. Or, “If I had more time, I’d knit/paint/write a novel/[fill in the blank].
Editor’s Note: Last Thursday, we revealed a shocking statistic to Daily readers: 70 million Americans have no emergency savings and are just one unforeseen event away from declaring bankruptcy. But there is hope… Today, PBRG-friend James Altucher, who has banked—and then lost—and then rebuilt—millions, shares how he recovered from hitting financial rock-bottom.
From Tama C.: Hey Tom and William, I’m a big fan of the Daily, but I have a small point of clarification to make. It’s regarding your recent piece on “backing out the cash.” While I agree with the general idea behind the valuation metric, I think you need to use NET cash (i.e., NET […]
Editor’s Note: In today’s Daily, we welcome back Palm Beach Research Group Editor-in-Chief Jeff Remsburg. Jeff’s developed a cult following among our subscribers. They adore his knack for giving simple explanations of advanced—and lucrative—investing concepts…