10 BEST KEPT SECRETS TO BUILDING WEALTH
10 BEST KEPT SECRETS TO BUILDING WEALTHG lo ba l V i e w C a p i ta l ADVISORS
Table of contentsSecret12345678910G lo ba l V i e w C a p i ta l ADVISORS
Secr et1Financial Independenceisn’t just about MoneyWhy?One of the best pieces of advice you can receive about WHY to create wealth is that untilyou are financially free, you aren’t really free. Why? Because financial freedom buys youTIME and with TIME you can discover and experience what you really want out of life.As an investor you have the power to make a conscious decision to forgo some of yourspending today in exchange for spending later to buy YOUR LIFESTYLE.In order to get aheadyou can’t just makemoney, you have tounderstand money.J. Paul GettyWhat is your Financial Independence Number (FIN)?10 Best Kept Secrets to Building Wealth1
Secr et2The Secret Strategy FromThe Richest Man In BabylonPay Yourself FirstThe most powerfulwealth building tool youhave is your income.In Babylon lived two men that both made the same income Watch the Richest Man in Babylon video!Saving a portion of whatyou earn for yourself and investing itis a powerful way to create wealth.It’s simple but not easy until youdiscover that it’s the engine that willdrive your wealth machine.Ways to Find & Save MoneyManage Expenses Raise deductibles on auto & homeownerspolicies Raise deductibles on health insurance andstart an HSA account Drop Private Mortgage Insurance (PMI)when home equity exceeds 20% Restructure high interest debt into tax-deductible low-interest debt Cancel credit life insurance on mortgage,car loans and credit cardsExisting Resources Reposition low-interest savings Reposition contributions to mutual fundsor brokerage accounts Last year’s tax refundIncrease Income Earn tax deductions by starting your ownbusiness Adjust your W-2 allowances to receive taxrefund early10 Best Kept Secrets to Building Wealth2
Secr et3Discover Einstein’s EighthWonder of The WorldThe Rule of 72Divide 72 by the interest or rate of return on yourinvestment to discover the number of years it takes for yourmoney to double.Age2%Age4%Age8%Age12%Doubles every 36 yrs29 10,000Doubles every 18 yrs Doubles every 9 yrs29 10,00029 10,00047 20,00038 20,000 40,0004756 80,000Doubles every 6 yrs29 10,00035 20,00041 40,00047 80,00053 160,00059 320,000656565 20,000 40,00065 160,000 640,000Where Do IFind theOpportunity forCompoundingWealth?10 Best Kept Secrets to Building Wealth3
Secr et4The Poor Man’s GreatestAdvantage to RichesThe High Cost Of WaitingTIME can be your worst enemy or greatest ally.No matter where you are in life, the key to building wealth is to begin saving now. Thesooner you begin, the less money you will need to put aside to achieve your FinancialIndependence Number (FIN).Put TIME to work.Get started NOW! 1,500,000Source: Calculated by Global View Capital Management.All figures are for illustrative purposes only calculated at a hypothetical rate of return of 10% and do not reflect an actual investment in any product. They donot reflect the performance risks, expenses or charges associated with any actual investment. The performance of investments fluctuates over time, and as aresult, the actual time it will take an investment to compound in value cannot be predicted with any certainty. Additionally, there are no guarantees that anyinvestment or savings program can outpace inflation. Please note that high risk has been historically associated with high returns.10 Best Kept Secrets to Building Wealth4
Secr et5Good Debt Vs. Bad DebtDebt ManagementOne of the biggest destroyers of wealth is debt – a silent plague that can rob you of yourwealth and your ability to build it. There are two kinds of debt; one that can be leveraged toincrease wealth, the other robs you of wealth. Know the difference!BorrowtoInvestBorrowtoSpendStrategies to Escape the Debt Trap Don’t buy a bigger house than you canafford - use the 2.5x annual income rule Don’t buy a fancy car to impress the Jones Don’t take expensive vacations Get your student loan ratio under control To accelerate credit card payments start bypaying off smallest balance first and cascadesavings into to the next card and then thenext card, etc. Restructure high interest debt intotax-deductible low-interest debt10 Best Kept Secrets to Building Wealth5
Secr et6Invest ForTax-Advantaged IncomeThe Effects of TaxationBesides debt andprocrastination, one of thegreatest enemies to buildingand maintaining wealth istaxation. What tax bucket youchose to deposit your moneycan make a hugedifference?If you had to pay taxes on one of these threephases, which would you choose?T T DeferredDeductible Contribution?Tax Credit for Contribution?Earnings Tax-Deferred?NoNoNoYesYesYesNoYesYesIncome Taxable?Subject to Pre-591/2 Penalties?Required Minimum Distributions at Age 701/2?YesNoNoYesYesYesNoYesNoIncome taxable at death?Counts toward estate taxes at death?NoYesYesYesNoYesAccumulation PhaseDistribution PhaseTransfer Phase10 Best Kept Secrets to Building Wealth6T E ˆˇ
Secr et7Law Of LossesBuy & HoldInvesting in the market entails risk and understanding drawdowns is essentialto a successful investment strategy. Most people invest with a “Buy & Hold” approach,meaning that they ride along with the market highs and lows.Contrary to a buy & hold passive assetallocation, tactical asset allocation portfolioholdings are adjusted on a continuing basis inresponse to both market & economicconditions.Source: Dalbar’s Quantitative Analysis of Investor Behavior“Individual Investors Making Worst Mistakes Than EverBefore.” Financial Services Institute, 4/14/14Source: Calculated by Global View Capital Management.QBIA states that the average investor refers to “the universeof all mutual fund investors whose actions and financialresults are restated to represent a single investor,” to includesmall and large investors, as well, as professionally advisedand self-advised investors.10 Best Kept Secrets to Building Wealth7
Secr et8Have Stop — Loss ProtectionFor Your InvestmentsBlack Swan - Unpredictable events can ravage the financialEventmarkets and your portfolio.Investing entails understanding market risk and the psychological effect it imposes. When you losemoney, the loss registers as pain, the brain can create the impulse to “get out of the market.”Having downside protection on your portfolio requires a specialized kind of professional moneymanagement known as tactical and/or dynamic management. Without it, you will be subjected to“Black Swan” events that are impossible to predict and have historically effected all asset classesnegatively.Dow Jones IndustrialS&P 500S&P TSXMSCI - EAFEMerrill Lynch High Yield BondMSCI Emerging MarketsDJ UBS Commodity IndexUS Dollar IndexPHLX Gold & Silver IndexNYSE Arca Oil Industry IndexFTSEAsia, RussianDebt CrisisJul ‘98 - Oct 57%-10.09%-55.35%-22.44%-20.54%2000-2002CrashFeb ‘00 - Dec .92%-13.93%-37.13%-31.62%-40.45%9/11Aug ‘01 - Sept 41%-3.39%-13.20%-16.21%-6.59%Contrary to a buy & hold passive asset allocation, tactical assetallocation portfolio holdings are adjusted on a continuing basis inresponse to both market & economic conditions.10 Best Kept Secrets to Building Wealth8GlobalFinancial CrisisAug ‘07 - Mar .89%-14.18%-68.81%-53.30%-66.48%
Secr et9How Insurance ProtectsYour InvestmentsAdequate InsuranceOne of the most overlooked elements of portfolio risk management is the failure to haveadequate insurance so that if something happens to you, your plan to build wealth cancontinue on whether you are sick, disabled or die.What Will Happen to You?Die toosoonLive toolongGet sickalong the wayEarlier in life there are three major risks, but As we get older, other risks emerge and they tend to become morethey tend to get smaller over time.daunting over time. Income replacement due to loss of a spouse Cost of college savings for children Paying off the mortgage and other debts Outliving your money Rising costs of health care Reduction in social security and/or pension due to loss of a spouseBuilding AssetsProtecting AssetsExtending AssetsYou could die too soonYou could get sick along the wayYou could live too long65 to 8585 to 100You need Life InsuranceYou need Chronic Illness ProtectionYou need Longevity ProtectionAccumulation PhaseDistribution PhaseWealth Transfer25 to 6510 Best Kept Secrets to Building Wealth9
Secr et10The Value Of AdviceAdviceStudies have shown having an advisor to helpdevelop and monitor a plan can produce betterresults over time. Some of the key factors have todo with managing expectations, staying focused onoutcome rather than short-term market volatilitywith personalized advice through life events.The R eal V al ue o f A dviceis E stima ted a t 4.04%Your W eal thFormul aMoneyTimeRate of Return-High Debt RatioTaxesSevere Market Loss Protection WealthSource: “Value of an Advisor” study for 2017; Brad Jung, Russell Investments.10 Best Kept Secrets to Building Wealth10
DisclosuresSecret #1This is a conceptual/goal developed by Global View Capital Advisors, LTD. (“GVCA”) and is for illustrativepurposes only. In no way does it offer, guarantee or otherwise imply wealth and is subjective. The conceptof wealth must be defined on an individual basis.Secret #2Suggested ways to Find & Save Money is not an exhaustive list, these are just some of the strategies thatcan be deployed. Before taking action, clients should review such strategies with the appropriateprofessional legal, tax and financial advisor.Secrets #3All figures are for illustrative purposes only and do not reflect an actual investment in any product. Theydo not reflect the performance risks, expenses or charges associated with any actual investment. The Ruleof 72 is a mathematical concept that approximates the number of years it would take to double theprincipal at a constant rate of return. The performance of investments fluctuates over time, and as a result,the actual time it will take an investment to double in value cannot be predicted with any certainty.Additionally, there are no guarantees that any investment or savings program can outpace inflation.Please note that high risk has been historically associated with high returns; although, past performance isnot indicative of future results.Secrets #4All figures are for illustrative purposes only calculated at a hypothetical rate of return of 10% and do notreflect an actual investment in any product. They do not reflect the performance risks, expenses or chargesassociated with any actual investment. The performance of investments fluctuates over time, and as aresult, the actual time it will take an investment to compound in value cannot be predicted with anycertainty. Additionally, there are no guarantees that any investment or savings program can outpaceinflation. Please note that high risk has been historically associated with high returns.Secret #5 & #6 Tax and legal advice are not offered by GVCA. Please consult with your personal tax professional or legalSecret #7Secret #8Secret #9Secret #10
ewoutlook.com888.799.GVCA (4822)G lo ba l V i e w C a p i ta l ADVISORS 2017 Global View Capital Advisors, LTD. All rights reserved.
10 Best Kept Secrets to Building Wealth. 1. Secr et. Why? F. inancial. I. ndependence. i. sn ’ t. j. ust. a. bout. M. oney. One of the best pieces of advice you can receive about WHY. to create wealth is that until you are financially free, you aren’t really free. Why? Because financial freedom buys you
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(1)Put in place a system for identifying trade secrets Identifying and categorizing the trade secrets is a prerequisite for starting a trade secret protection program. The steps taken to protect your trade secrets should be dictated by the nature of the secrets themselves. a.The basic questions to ask
Derrida 's idea of a 'secret history of kept secrets', in the epigraph to this discussion, is concerned with the way that mysteries, once incorporated, become 'secrets then repressed'. These become speaking silences, silences which resound. The 'secret history of kept secrets' forms
information that is purposely being kept from some person or persons. It is interesting to investigate the . doubts about secrets being easily defined objects. It can also lead to some understanding of the limitations of any automated or unautomated approach to keeping secrets, for 74 . secrets cannot in general be kept absolutely. In the .
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It was a real eye-opener, and it gave me access to all the trade secrets and techniques used by real professional traders, while managing unbelievable sums of capital. Many years later, I got requests to give talks and share my skills, which I gladly obliged. . Best-Kept Secret #1 The Un
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standards) R MF NO DESCRIPTION TYPE SYMBOL 01 42 00 detail indicator, dashed circle, 2.5 mm (3/32") text, typical R 01 42 00 detail indicator, dashed rectangle, 2.5 mm (3/32") text, typical R 01 42 00 detail indicator for small conditions, 45 degree arrow, 2.5 mm (3/32") text, medium line R 01 42 00 dimension line: continuous, thin line with medium line for terminator R 01 42 00 dimension line .
