Creating Wealth Real Estate Investing with Jason Hartman - CW 518 – Douglas Goldstein – Applying Chess Strategies to Investing with Author of ‘Rich As A King’

CW 518 – Douglas Goldstein – Applying Chess Strategies to Investing with Author of ‘Rich As A King’

05/20/15 • 42 min

Creating Wealth Real Estate Investing with Jason Hartman

Jason reads two articles to the audience. One is about the perception of Wall Street from Business Insider and another on CEO wages from Newser. Jason encourages you to leave him a voicemail on your opinion about the articles. Today's guest is Douglas Goldstein. Douglas is the author of Rich As A King and he talks to Jason on using the concept of chess to become a more strategic investor.

Key Takeaways:

[3:40] There's one common theme in the CNBC show American Greed – investors didn't have control.

[8:05] Be sure to check out this upcoming Flashback Friday episode.

[10:40] Jason reads an article from Newser about CEO wages. Send him a voicemail on your thoughts about this article.

[16:05] Jason introduces Douglas.

[22:15] How do we apply chess to our investments?

[30:30] Focus on one piece of your investment and try to make it just slightly better.

[35:30] What are zero coupon bonds?

Mentioned In This Episode:

http://www.businessinsider.in/A-fresh-reminder-of-the-average-persons-perception-of-Wall-Street/articleshow/47331522.cms

http://www.newser.com/story/206794/ceo-pay-hits-wild-milestone.html

RichasaKing.com

@RichasaKing

Key Takeaways:

[3:40] There's one common theme in the CNBC show American Greed – investors didn't have control.

[8:05] Be sure to check out this upcoming Flashback Friday episode.

[10:40] Jason reads an article from Newser about CEO wages. Send him a voicemail on your thoughts about this article.

[16:05] Jason introduces Douglas.

[22:15] How do we apply chess to our investments?

[30:30] Focus on one piece of your investment and try to make it just slightly better.

[35:30] What are zero coupon bonds?

Mentioned In This Episode:

http://www.businessinsider.in/A-fresh-reminder-of-the-average-persons-perception-of-Wall-Street/articleshow/47331522.cms

http://www.newser.com/story/206794/ceo-pay-hits-wild-milestone.html

RichasaKing.com

@RichasaKing

Previous Episode

CW 517 – Gary Carmell – From Wisdom to Wealth with Author of ‘The Philosophical Investor’

Jason talks on why the US real estate is vastly better than the European market and also answers a listener question from Pam. Gary Carmell is the author of The Philosophical Investor: Transforming Wisdom into Wealth. He talks to Jason on what is a philosophical investor, the reason why there was a 2008 real estate crash, inflationary pressure and much more.

Key Takeaways:

[6:20] The US real estate is still better than the Euro real estate for income investing.

[17:10] Jason answers a listener question from Pam.

[20:35] Jason introduces Gary Carmell

[23:00] What is the philosophical investor?

[30:50] Jason breaks down the real estate market into three types: linear, cyclical, and hybrid.

[39:10] Why does the typical institutional investor always go for the class A properties?

[51:20] There isn't a lot of demand right now for burrowing money.

[53:50] How does Gary feel about deflation?

Mentioned In This Episode:

http://www.cwscapital.com/who_we_are/carmell.aspx

https://www.garycarmell.com/

Next Episode

CW 519 FBF – Business Cycles with Bernie Baumohl Author of ‘The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends’

Orginally aired as CW 258

Welcome to the Creating Wealth Show. This is Episode Number 258, and this is your host, Jason Hartman. Excited to be with you today, as always. Thanks for joining me. Today we’re going to talk about the Secrets of Economic Indicators, with our guest, Bernie Baumohl and he’s written a book on that subject and it’s got a couple of printings, a couple of versions out and I think you’ll really get some stuff out of that, and come learn how to decode what you hear about, what you read about in the news media, and what it means to you as an investor and as an astute financial person.