Host Kerry Lutz and guest Ed Siddell engaged in a discussion regarding the Federal Reserve's recent decision to cut interest rates by 50 basis points, expressing surprise and skepticism about its implications. They examined how this rate cut might influence the upcoming election and noted the contrasting trends in job growth between the government and private sectors. Concerns were raised about the long-term effects of the rate cut, alongside discussions on the potential for ongoing quantitative easing and its challenges for individual investors. The conversation also covered the performance of bonds, gold, and the dollar, underscoring the importance of vigilance and protective strategies amid economic uncertainty.

Find Ed here: egisfinancial.com

Find Kerry here: FSN and here: inflation.cafe

Kerry Lutz interviewed Stormi Banks, who passionately shared her journey in entrepreneurship and her mission to assist others in securing grants and funding through her grant writing agency, which has positively impacted over 10,000 clients. She recounted a notable success story of obtaining a $311,000 grant for a child care facility in Houston and outlined the various educational and grant writing services her agency provides, along with their associated fees. The discussion also addressed the challenges faced by emerging entrepreneurs and grant writers, stressing the necessity for affordable services, the importance of skills such as reading, financial management, and leadership, and the competitive nature of grant applications that require a robust plan. Furthermore, they explored the logistical hurdles of managing clients and processes in a grant writing service and how they have adapted their operations to improve the customer experience.

Find Stormi here: pinkprintfirm.com

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Kerry Lutz interviewed Mark Anderson, who recounted his transition from construction to derivatives trading, highlighting the appeal of return on capital over labor and his fascination with zero days to expiration options. Anderson discussed the prevalent challenges in the financial sector, including the high rate of losses in options trading, and underscored the importance of dedication and conviction in achieving success. He elaborated on the impact of daily compounding on investment returns, providing examples to illustrate its mathematical advantages, and shared his investment strategy of selling a percentage of his account value in credit daily.

Anderson also invited others to invest in his fund, emphasizing consistent returns regardless of market conditions. The discussion concluded with Lutz expressing a desire to further explore these topics and appreciation for Anderson's insights.

Find Mark here: MBH Capital Management

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Kerry Lutz interviewed Gregory Wrightstone, who argued that increased CO2 levels and modest warming have positive impacts on ecosystems and the human condition. Wrightstone cited examples of increased agricultural productivity, drought resistivity of plants, and turbocharged plant growth through the photosynthesis process. He also challenged the unfounded fears surrounding nitrogen fertilizer and nitrous oxide, while presenting evidence of the global expansion of forests. However, he raised concerns about the environmental consequences of renewable energy initiatives, particularly the cutting down of mature forests for wood pellets and the conversion of grasslands into solar facilities.

The conversation also delved into the potential risks of lowering CO2 levels and the criticism of spending tax money on what is perceived as a non-existent climate crisis. Wrightstone and Lutz engaged in a detailed discussion about climate change and sea level rise, challenging the commonly held belief that melting polar ice caps will lead to a significant rise in sea levels. They emphasized the importance of understanding natural processes, such as erosion, to avoid misguided policies. Overall, the meeting provided a platform for Wrightstone to advocate for the benefits of CO2 and modest warming, disputing the notion of a man-made climate crisis.

Find Gregory here: co2coalition.org

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Kerry Lutz and Ryan Waller discussed Ryan's journey from a corporate career to real estate. Ryan shared his challenges in implementing creative ideas within the corporate structure and his decision to leave the corporate world. He also discussed the mistakes he made in financial planning when starting a commission-only job in real estate. The speakers emphasized the importance of learning from failures and adapting to a new approach in running a business.

They also discussed the competitive nature of the real estate market and the importance of becoming a market authority and leveraging branding to attract clients. Ryan shared insights into the real estate market, including the significance of the first offer and the potential consequences of rejecting reasonable offers. Finally, he provided advice for individuals contemplating career transitions from corporate roles, encouraging them to assess their skill set for transferable skills and consider entrepreneurship.

Find Ryan here: bethandryan.ca

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Kerry Lutz and Jim Welsh discussed a range of topics related to the economy and the Federal Reserve's potential actions. They explored the concept of the neutral rate and its role in determining the restrictiveness of monetary policy, as well as the potential impact of interest rate cuts on the economy and stock market. Welsh provided a detailed analysis of the economy, predicting an upcoming recession based on indicators such as the diffusion index and monthly hours worked. The conversation also touched on the impact of AI on the economy and the energy industry, as well as the potential return to real value investing and the imminent secular bear market.

Towards the end of the meeting, Lutz and Welsh discussed the recent trends in gold prices and the dollar, offering insights into the market sentiments and potential movements. They also briefly discussed Trump's decision to appoint Elon Musk to oversee the cost savings commission.

Find Jim here: macrotides.com

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Kerry Lutz and Sean Graham discussed the investment landscape, with a focus on self-storage opportunities amidst market volatility. Sean emphasized the importance of networking and underwriting deals, highlighting the simplicity and benefits of self-storage as an asset class. They also discussed the different cap rates for various types of self-storage facilities and Sean's approach to managing them, including the use of overseas teams. Additionally, Sean shared insights on cost segregation studies and their benefits for real estate owners and operators, particularly in the context of self-storage investments.

The conversation also covered the tax benefits associated with depreciation in real estate, including the strategic use of accelerated depreciation to minimize tax liabilities for property owners. They discussed the distinction between passive and active income and how depreciation can be leveraged to offset both types of income. The potential impact of the Trump tax cut reinstatement on real estate investors was also raised, indicating the significance of tax policies in the real estate market. The meeting concluded with gratitude and arrangements for sharing a link for discounted cost segregation studies through Sean's company.

Find Sean here: mavencostseg.com

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Kerry Lutz and Eddy Gifford discussed the current economic landscape, focusing on the recent job numbers and the potential for interest rate cuts by the Fed. They expressed frustration at the misleading nature of the job market and its impact on the economy, while also highlighting the challenges and uncertainties in the housing market. The conversation also touched on Warren Buffett's recent selling activities and the potential influence of the upcoming presidential election on market dynamics. They emphasized the importance of maintaining a disciplined investment approach and having clear entry and exit strategies, with Eddy Gifford offering financial advice.

Find Eddy here: tactivewealth.com

Find Kerry here: FSN and here: inflation.cafe