The Wealth Code 2.0
How the Rich Stay Rich in Good Times and Bad
1st Edition
Published on 23. January 2015
Book
Paperback/Softback
306 pages
978-1-119-08701-4 (ISBN)
Description
A thoroughly revised and expanded update to the book that critics are calling the first true investing book for the "new normal"
You entrusted your financial security to the "experts," and now you're wondering what it'll take to recover from the economic crisis and get back on your feet. In this updated and expanded edition of his critically-acclaimed guide to staying rich in good times and bad, financial planner and investment strategist Jason Vanclef delivers more straight answers and solid solutions-and he takes a well-earned poke or two at Wall Street in the process. According to Vanclef, True Asset Class Diversification is the best way to build the solid financial foundation you need for a secure future. And he puts his money where his mouth is with a comprehensive, easy-to-understand and use plan for maximizing your investments-not just cutting your losses.
Learn the unvarnished truth about "tried and true" Wall Street practices and why stocks and bonds are not the answer-and which investment vehicles are
Find out how to diversify into oil/gas, equipment, ,notes, real estate, bullion and rare coins the way the super-rich do-information that Wall Street doesn't want you to have
Get priceless advice on whether or not to pay off your home or pay cash for a car and how to build your wealth more efficiently
Discover the pitfalls of insurance and Variable/Fixed/Index Fixed annuities that agents will never tell you about
Get the lowdown on advanced income tax reduction strategies, discounted Roth IRA conversions, and asset protection techniques that will help protect your hard earned wealth.
You entrusted your financial security to the "experts," and now you're wondering what it'll take to recover from the economic crisis and get back on your feet. In this updated and expanded edition of his critically-acclaimed guide to staying rich in good times and bad, financial planner and investment strategist Jason Vanclef delivers more straight answers and solid solutions-and he takes a well-earned poke or two at Wall Street in the process. According to Vanclef, True Asset Class Diversification is the best way to build the solid financial foundation you need for a secure future. And he puts his money where his mouth is with a comprehensive, easy-to-understand and use plan for maximizing your investments-not just cutting your losses.
Learn the unvarnished truth about "tried and true" Wall Street practices and why stocks and bonds are not the answer-and which investment vehicles are
Find out how to diversify into oil/gas, equipment, ,notes, real estate, bullion and rare coins the way the super-rich do-information that Wall Street doesn't want you to have
Get priceless advice on whether or not to pay off your home or pay cash for a car and how to build your wealth more efficiently
Discover the pitfalls of insurance and Variable/Fixed/Index Fixed annuities that agents will never tell you about
Get the lowdown on advanced income tax reduction strategies, discounted Roth IRA conversions, and asset protection techniques that will help protect your hard earned wealth.
More details
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Product notice
Paperback (trade)
Unsewn / adhesive bound
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 17 mm
Weight
446 gr
ISBN-13
978-1-119-08701-4 (9781119087014)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
01/2013
1st Edition
Wiley
€34.90
Article exhausted; check different version
E-Book
01/2013
Wiley
€24.99
Available for download
E-Book
01/2013
Wiley
€24.99
Available for download
Person
Jason Vanclef (Santa Monica, CA) is a Financial Planner and strategist whose Asset Class Diversification model, taught in this book, is responsible for 97% of his clients--around 750 men and women--not only to weather the economic storm between October 2007 and March of 2009, but to make money. Vanclef specializes in the use of alternative investments such as oil/gas, commercial real estate, equipment leases, rare coins and so forth. He teaches the use of these investments alongside traditional ideas to build worst case scenario portfolio's for his clients as well as follow a more common sense viewpoint to the economy and what lies ahead. Education is the core of his diversification model and he spends the majority of his time teaching current clients about the various investment ideas and how they relate to each other. Investment ideas the rich use often yet most people are unaware of. The Wealth Code: How the Rich Stay Rich in Good Times and Bad is a culmination of the years spent educating his clients through stories to simplify very complex investment strategies and concepts that have allowed the informed rich to stay rich in these tumultuous times.
Content
Preface xi
Acknowledgments xiii
Introduction xvii
Chapter 1 Freeing Your Estate from Conventional Thinking 1
An Unconventional Approach 2
In Summary 3
Chapter 2 The Best Portfolios Are Mixtures of Many Different Asset Classes 5
The Real Meaning of Portfolio Diversification 6
In Summary 9
Chapter 3 The Key to Protecting and Building Wealth in Good Times and Bad 11
General Practitioner versus Specialist 11
In Summary 15
Chapter 4 The Process of Wealth 17
Wealth Bucket 101 19
Buy Assets to Pay For Liabilities! 21
Fortune 400 Secret 23
Brokerisms 25
In Summary 27
Chapter 5 Leaks in the Bucket 29
Not Following Common Sense 30
Limited Investment Diversification 31
Inflation 35
Investment Fees 42
Income, Income, Income 49
Taxes 51
Poor Estate Planning 55
Poor Asset Protection 57
Liquidity 59
Summary: Leaks in the Bucket 61
Chapter 6 True Asset Class Diversification 63
The General Asset Classes 63
20,000 Foot Viewpoint on Money 72
Liquidity Leak Reexamined 87
Chapter 7 Foundations for Your Financial Table 91
Matching Beliefs to Your Asset Choices 91
Time and Real Assets 93
Direct Participation Programs 94
Accreditation of Investors 96
Commissions and Fees 99
Prioritization and Placement of Portfolio Investments 101
In Summary 103
Chapter 8 Building a Strong Financial Table 105
Step One: Know Yourself 106
Step Two: Liquidity Time Lines 108
Step Three: Income Needs 113
Step Four: Growth Needs 120
Step Five: Beneficiary Needs 125
Putting Together a Financial Plan 127
In Summary 142
Chapter 9 Life Insurance, Annuities, and How They Relate to Your Wealth Code 143
General Need for Life Insurance-Family Liabilities 144
Federal Estate Taxes 146
Annuities 149
Index Universal Life and Index Fixed Annuities 150
MVA versus Non-MVA Annuities and Why You Need to Know This 152
In Summary 153
Conclusion: Time to Take Action! 155
Appendix A: Case Studies 159
Appendix B: Different Investment Asset Classes 185
Appendix C: Discounted Roth Conversions 243
Appendix D: 1031 Real Estate Exchanges 265
About the Author 275
Index 277
Acknowledgments xiii
Introduction xvii
Chapter 1 Freeing Your Estate from Conventional Thinking 1
An Unconventional Approach 2
In Summary 3
Chapter 2 The Best Portfolios Are Mixtures of Many Different Asset Classes 5
The Real Meaning of Portfolio Diversification 6
In Summary 9
Chapter 3 The Key to Protecting and Building Wealth in Good Times and Bad 11
General Practitioner versus Specialist 11
In Summary 15
Chapter 4 The Process of Wealth 17
Wealth Bucket 101 19
Buy Assets to Pay For Liabilities! 21
Fortune 400 Secret 23
Brokerisms 25
In Summary 27
Chapter 5 Leaks in the Bucket 29
Not Following Common Sense 30
Limited Investment Diversification 31
Inflation 35
Investment Fees 42
Income, Income, Income 49
Taxes 51
Poor Estate Planning 55
Poor Asset Protection 57
Liquidity 59
Summary: Leaks in the Bucket 61
Chapter 6 True Asset Class Diversification 63
The General Asset Classes 63
20,000 Foot Viewpoint on Money 72
Liquidity Leak Reexamined 87
Chapter 7 Foundations for Your Financial Table 91
Matching Beliefs to Your Asset Choices 91
Time and Real Assets 93
Direct Participation Programs 94
Accreditation of Investors 96
Commissions and Fees 99
Prioritization and Placement of Portfolio Investments 101
In Summary 103
Chapter 8 Building a Strong Financial Table 105
Step One: Know Yourself 106
Step Two: Liquidity Time Lines 108
Step Three: Income Needs 113
Step Four: Growth Needs 120
Step Five: Beneficiary Needs 125
Putting Together a Financial Plan 127
In Summary 142
Chapter 9 Life Insurance, Annuities, and How They Relate to Your Wealth Code 143
General Need for Life Insurance-Family Liabilities 144
Federal Estate Taxes 146
Annuities 149
Index Universal Life and Index Fixed Annuities 150
MVA versus Non-MVA Annuities and Why You Need to Know This 152
In Summary 153
Conclusion: Time to Take Action! 155
Appendix A: Case Studies 159
Appendix B: Different Investment Asset Classes 185
Appendix C: Discounted Roth Conversions 243
Appendix D: 1031 Real Estate Exchanges 265
About the Author 275
Index 277