Fri, 13 September 2024
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 Find Kerry here: FSN and here: inflation.cafe |
Thu, 12 September 2024
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 Find Kerry here: FSN and here: inflation.cafe |
Wed, 11 September 2024
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 Find Kerry here: FSN and here: inflation.cafe |
Tue, 10 September 2024
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 |
Mon, 9 September 2024
Cody Alexander and Kerry Lutz discussed the keys to success, including curiosity, competitiveness, and interpersonal skills. They emphasized the importance of personal responsibility and taking ownership of one's actions and attitudes. The conversation also covered the value of learning from experiences, having a clear game plan, and avoiding the pitfalls of not knowing one's direction. Additionally, Kerry interviewed Cody about his role as the chief marketing officer at StocksToTrade and his podcast business, Marketing from the Edge. Cody discussed the company's platform and shared his experiences in buying and scaling a business in the financial education space. He emphasized the importance of having a solid offer and learning from customers when starting a new endeavor. Find Cody here: marketingedgepod.com Find Kerry here: FSN and here: inflation.cafe |
Fri, 6 September 2024
Kerry Lutz and Robert Bork Jr. discussed a range of economic issues, including the proposed economic plan by presidential candidate Kamala Harris, government policies on regulation and control, the challenges and implications of electric cars, and rationalizing economic interests and subsidies. They analyzed the effects of government intervention on market dynamics, consumer welfare, and the role of private sector competition and innovation. The conversation also touched on historical examples and recent legal decisions, shedding light on the multifaceted challenges posed by government policies in various sectors. The speakers reflected on the difficulty of reconciling personal interests with broader economic principles, offering insights into the intricate dynamics of economic decision-making. Find Robert here: Antitrust Education Project Find Kerry here: FSN and here: inflation.cafe |
Thu, 5 September 2024
Kerry Lutz and Michael Busler discussed the economic policies of presidential candidates Kamala Harris and Donald Trump. They compared the candidates' approaches to price stability, inflation, energy prices, and housing market policies. The speakers also debated the proposed tax policies, with Busler arguing against raising taxes on the wealthy and implementing a wealth tax, while Lutz expressed concerns about taxing unrealized capital gains. The discussion also explored the causes of inflation, highlighting excessive government spending, deficit spending, and monetary policies as key factors. They emphasized the need for political courage to confront the growing public debt and discussed potential solutions to reduce deficit spending. Find Michael here: Funding Democracy Find Kerry here: FSN and here: inflation.cafe |
Wed, 4 September 2024
Kerry Lutz and David Stryzewski discussed a range of topics related to the economy, politics, and the upcoming election. They expressed skepticism about the accuracy of recent job numbers and analyzed the Federal Reserve's approach to potential rate cuts and its implications for inflation and the U.S. Dollar. They also explored the potential impact of supply-side economics and deregulation on the economy and job market. The discussion also touched on the need for spending cuts, particularly in areas such as defense, corporate welfare, and healthcare, and the potential elimination of government departments. They raised concerns about the inflationary impact of government spending and its implications for taxpayers, as well as the potential market effects of rate cuts. Additionally, they discussed the current market dynamics, including the notable increase in gold and silver prices, the challenges confronting central banks in maintaining value, and the potential shift towards a hybrid engine model in the automotive industry. Overall, the meeting emphasized the need for individuals to stay informed and make strategic financial decisions, particularly in light of the intersection of political and economic factors. They underscored the importance of understanding leading economic indicators, particularly for investors nearing retirement, and the significance of making nutrition and health a priority in the political landscape. Find David here: myspg.com Find Kerry here: FSN and here: inflation.cafe |
Tue, 3 September 2024
In a recent meeting, several critical issues were discussed, including the upcoming presidential election, the challenges facing the Democratic Party, and China's economic struggles. The conversation highlighted the behavior of political figures and the economic concerns in commercial real estate, especially the rise in office vacancies in major cities like New York and San Francisco. The discussion also touched on the historical economic aspects of World War II, the environmental impact of electric vehicles, and the effects of remote work on urban centers. Finally, real estate investments in historic buildings in Kingston, New York, were explored, along with a call for a Peace and Freedom Rally in the same city. This meeting provided a comprehensive overview of current political, economic, and environmental challenges, as well as historical insights and future forecasts. Find Gerald's work here: trendsjournal.com Find Kerry here: FSN and here: inflation.cafe
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Fri, 30 August 2024
In this episode of the Financial Survival Network, host Kerry Lutz welcomes back Michael Pento of https://PentoPort.com. The conversation dives into the ongoing economic challenges and the questionable policies affecting both markets and everyday Americans. They discuss the current "election insanity" and question whether the outcome will truly address the underlying economic issues, highlighting that neither candidate offers a complete solution. Michael Pento shares his insights on how government spending, particularly the trillions of dollars in stimulus and helicopter money, has contributed to inflation and economic instability. The discussion touches on the flaws of government intervention, including proposed subsidies for housing, which they argue will only inflate prices further. Pento also criticizes the reliance on money printing and the lack of sound fiscal policy, warning that these actions could lead to long-term economic pain. They wrap up by addressing the challenges faced by the middle class, the dangers of asset bubbles, and the importance of preparing for potential economic downturns. Kerry and Michael agree that while short-term fixes like money printing may temporarily boost markets, they ultimately set the stage for more significant issues down the road. For more in-depth insights, visit https://PentoPort.com and tune into the full episode on FinancialSurvivalNetwork.com. Don’t forget to subscribe for the latest updates and financial advice. Find Michael here: pentoport.com Find Kerry here: FSN and here: inflation.cafe |
Thu, 29 August 2024
Bogomil, the CEO of commenter.ai, discussed the tool's functionality and benefits with Kerry Lutz. Bogomil highlighted the tool's ability to generate comments quickly and effectively, drawing from extensive research on LinkedIn commenting. He shared real-world results, including substantial increases in profile views, engagement rates, and sales for customers. Additionally, he emphasized the tool's simplicity and its potential to engage with a larger target audience, ultimately leading to increased sales opportunities. The meeting concluded with details on the subscription options and a guide on signing up for a free trial. Find BoGomil here: LinkedIn-Bogomils Find Kerry here: FSN and here: inflation.cafe |
Wed, 28 August 2024
We sat down with Gwen Preston, VP of Investor Relations at West Red Lake Gold Mines (🇺🇸WRLGF -- 🇨🇦WRLG) for a sponsor update. Gwen shares the latest news and developments from West Red Lake, a company that's attracting the attention of the sector with consistent, impressive drill results. West Red Lake Gold Mines is rapidly pushing its Madsen Mine project toward restart in 2025, and Gwen provides an inside look at the activities driving this momentum. From infill drilling and expanding mineable inventory to major capital projects like the tailings dam lifts and the installation of a primary crusher, the company is focused on building a robust, efficient operation. Gwen highlights the significance of recent high-grade drill results from the Austin and McVeigh Zones,, which are boosting confidence in the resource model as the company prepares for production. With a busy few months ahead, including the release of a pre-feasibility study, West Red Lake is positioned as a unique player in the gold sector—one that’s not just exploring, but also gearing up for significant production. With stepped up M&A activity in the sector, there aren't many acquisition candidates of West Red Lake's quality due to its imminent production. Don't miss this deep dive into the company’s plans, market position, and the exciting potential for investors. Visit http://WestRedLakeGold.com to sign up for notifications and stay updated on the latest drill results and developments.
Disclaimer: Financial Survival Network (FSN) content is informational only and based on information available at the time of creation. It is not an offer or solicitation, nor does it provide investment, tax, or legal advice. It may not consider your specific financial circumstances or objectives and may not be suitable for you. FSN content is not a recommendation to buy or sell any securities. Readers should consult their own professional advisers and conduct their own independent investigations before making any investment decisions. FSN does not guarantee the accuracy or completeness of its content or any third-party information it uses, which has not been independently verified by FSN. Readers are cautioned not to rely solely on FSN content for investment decisions. FSN and its owner may have financial interests in the companies discussed and may trade such securities without prior notice. FSN is funded by sponsor advertisements, with payments ranging from five to ten thousand dollars monthly. FSN does not charge its viewers/listeners/readers any fees. By accessing FSN content, users agree that FSN and its affiliates are not liable for any inaccuracies, omissions, or representations in the content provided. |
Wed, 28 August 2024
The Underground Economy of Automatic Billing: Examining the Dark Side of Subscriptions - Paul Oster #6133
Kerry Lutz and Paul Oster discussed the prevalence of oversubscription and its impact on personal finances. They emphasized the importance of actively monitoring recurring charges and offered practical advice for consumers to take control of their subscriptions. The speakers also exposed the deceptive subscription practices employed by companies, making it arduous for consumers to cancel subscriptions. They urged consumers to actively monitor their bank and credit card statements, identifying and disputing unauthorized charges. The conversation also focused on the current state of consumer finances, highlighting the soaring credit card debt and high interest rates. Paul Oster provided valuable financial advice for consumers, stressing the importance of conducting an insurance protection audit to assess coverage and avoid overpaying for insurance. He also encouraged consumers to explore alternative health insurance options to effectively manage escalating healthcare costs. Additionally, Oster provided practical advice for managing household budgets and expenses, urging people to scrutinize their spending habits and seek opportunities for cost reduction. The speakers also discussed the significance of credit scores on daily financial decisions and encouraged individuals to focus on improving their credit and understanding the reasons behind low credit scores. Find Paul here: BetterQualified.com Find Kerry here: FSN and here: inflation.cafe |
Tue, 27 August 2024
Kerry Lutz and Terence Mills discussed the impact of AI on various industries, including its potential to revolutionize healthcare, transportation, airport security, crime prevention, and economic analysis. They emphasized the need for careful consideration of AI's role in society, particularly in areas such as public surveillance and government decision-making. The conversation also touched on the ethical considerations surrounding the use of AI for predictive purposes and the need for human input in solving complex problems. They explored the practical implications of AI in cost-cutting measures and revenue generation, citing examples such as postal service reform and Wall Street practices. The meeting concluded with a focus on connecting with Terence Mills and accessing related resources. Find Terence here: veuu.com Find Kerry here: FSN and here: inflation.cafe |
Mon, 26 August 2024
The Big Players in Private Equity: Insights on KKR, Blackstone, Carlisle, and Apollo - Adam Coffey #6131
Kerry Lutz and Adam Coffey discussed private equity, highlighting its growth and major players such as KKR, Blackstone, Carlisle, and Apollo. They explored the opportunities in the lower middle market and the potential for higher returns through arbitrage, as well as the challenges and risks associated with private equity investments. Coffey delved into the impact of private equity in the retail sector, emphasizing the need for thorough research on private equity firms and their investment focus and past performance. He also discussed the shifting landscape of private equity, particularly in the context of rising interest rates, and his decision to shift his focus to teaching small businesses how to succeed by leveraging the strategies of private equity. Find Adam here: Linked-in Find Kerry here: FSN and here: inflation.cafe |
Sun, 25 August 2024
We sat down with Ivan Bebik, CEO of Coppernico Metals (🇨🇦COPR), which has officially started trading on the Toronto Stock Exchange (TSX). Ivan discussed the company’s ongoing drilling activities at its extensive Sombrero copper project. He is very upbeat about the upcoming results. With copper prices on the rise and the world’s push towards electrification, he expects strong future demand for copper due to its pivotal role in global energy. He also touches on the significance of high-grade copper assets and how well-positioned Coppernico is in the market. The potential of their expansive 7-kilometer target zone has exciting prospects for both its SCARN and porphyry deposits. The company is well-funded into 2026. Ivan also shares insights into upcoming catalysts, including anticipated drill results and major marketing initiatives planned for the fall. Visit https://CoppernicoMetals.com to sign up for notifications and stay updated on their latest drill results and developments. With momentum building and a wealth of high-potential targets, Coppernico Metals is a junior resource company to watch closely. **Disclaimer: Financial Survival Network (FSN) content is informational only and based on information available at the time of creation. It is not an offer or solicitation, nor does it provide investment, tax, or legal advice. It may not consider your specific financial circumstances or objectives and may not be suitable for you. FSN content is not a recommendation to buy or sell any securities. Readers should consult their own professional advisers and conduct their own independent investigations before making any investment decisions. FSN does not guarantee the accuracy or completeness of its content or any third-party information it uses, which has not been independently verified by FSN. Readers are cautioned not to rely solely on FSN content for investment decisions. FSN and its owner may have financial interests in the companies discussed and may trade such securities without prior notice. FSN is funded by sponsor advertisements, with payments ranging from five to ten thousand dollars monthly. FSN does not charge its viewers/listeners/readers any fees. By accessing FSN content, users agree that FSN and its affiliates are not liable for any inaccuracies, omissions, or representations in the content provided. |
Fri, 23 August 2024
Kerry Lutz and asset protection attorney Brian Bradley discussed the growing risks to personal assets and wealth in the current legal and financial landscape. Bradley emphasized the importance of preemptive asset protection strategies and addressed the societal and economic shifts that have made individuals more susceptible to legal threats. The discussion covered the historical and cultural changes in the legal system, the impact of contingency fee lawyers and law firm advertising, and the societal shift towards a litigious culture. Additionally, Bradley touched on the global financial system's structural issues and the challenges individuals face in safeguarding their assets in the face of monetary policy and economic manipulation. The conversation also delved into the intricacies of asset protection trusts, the layered approach to protection, and the varying strengths of asset protection trusts based on state legislation. They explored the potential drawbacks of relocating to states like Florida and Texas for asset protection and the significance of choosing the right jurisdiction for asset protection. Finally, they touched on the importance of Medicaid and Medicare trusts to safeguard assets in the event of illness or insurance limitations. Find Brian here: btblegal.com Find Kerry here: FSN and here: inflation.cafe |
Thu, 22 August 2024
Kerry Lutz interviewed Christian Osgood, who shared his journey from managing two units to acquiring 38 units in a short period of time. Osgood emphasized the role of creative finance and long-term cash flowing fixed rate debt in his real estate success, and stressed the importance of finding the opportunity first before tailoring the money to it. He also discussed the significance of setting specific financial targets, seeking mentorship, and building a community to accelerate progress and avoid costly mistakes. The conversation concluded with Osgood advising aspiring investors to take the first step in purchasing an investment property and seeking mentorship. Find Christian here: multifamilystrategy.com Find Kerry here: FSN and here: inflation.cafe |
Wed, 21 August 2024
Kerry Lutz interviewed Scott Jarred, a wealth management and real estate expert, about his journey from a Section 8 apartment to building a billion-dollar company. Scott shared his experiences and emphasized the importance of hard work, creating opportunities for others, developing good habits, and being comfortable with discomfort as key factors in his success. He also discussed the pivotal role of managing emotions in financial decision-making and personal development, emphasizing the importance of emotional quotient (EQ) alongside intelligence quotient (IQ) and experience. Scott Jarred and Kerry Lutz also discussed the challenges of navigating through economic downturns and finding opportunities amidst adversity. They shared their personal experiences during the 2008 financial crisis and the 2009 real estate market crash, emphasizing the significance of resilience and optimism in overcoming challenges. Additionally, Scott Jarred discussed his successful real estate investment approach, emphasizing the importance of cash management and uncorrelated assets to protect clients' funds during market downturns. Finally, Scott Jarred and Kerry Lutz delved into the evolving dynamics of office work and the implications for real estate and investment. Jarred emphasized the need for companies to adapt to a hybrid model by creating vibrant and attractive office spaces that foster collaboration and productivity. He shared examples of repurposing real estate to make it more lifestyle-oriented, highlighting the shift towards a more appealing work environment. Find Scott here: Invest.com and here: ScottJarred.com Find Kerry here: FSN and here: inflation.cafe |
Tue, 20 August 2024
Beyond the Ballot: Exploring the Potential Long-term Effects of the Elections on the Global Stage - Professor Joel Litman #6127
Prof Joel Litman and Kerry Lutz discussed a range of topics related to the global economy and stock market. They highlighted the significance of recent elections in China and Russia in reshaping global business trust and reorganizing the world around US law and sovereignty. They also discussed the potential impact of the US election on the stock market and the economy, with Prof Litman expressing confidence in the US's ability to thrive in the global market regardless of the election outcome. The conversation also delved into the historical performance of the stock market, particularly focusing on the S&P 500. Both speakers expressed confidence in the S&P 500's potential for continued growth over the next five to ten years, advocating for a passive investment strategy in the index. They also discussed the complexities of investing in Chinese companies and the broader implications for global markets. Finally, Prof Litman provided a comprehensive analysis of the impact of corporate tax cuts on tax revenue, highlighting the growth and profitability of US companies and addressing criticisms of the tax cuts. Find Joel Litman here: altimetry.com Find Kerry here: FSN and here: inflation.cafe |
Mon, 19 August 2024
Kerry Lutz chats with Ross Givens about his Insider Effect Stock Trading System—something Kerry has personally tried out and found to be pretty effective. If you're into the stock market and looking for a straightforward strategy, this might be worth a listen. Check out Ross’s latest complimentary webinar - Click here Kerry, with over 42 years of investing experience, talks about how the Insider Effect system is different from anything he's used before. The idea is simple: focus on stocks where company insiders, like CEOs, CFOs, Directors and General Counsels are buying shares on the open market with their own money. These folks usually know when their stock is about to go up, making this a solid strategy to consider. After Kerry's last interview with Ross https://youtu.be/DSTsd2d3eJQ, he subscribed on May 29, 2024 and immediately started following Ross's recommendations. He is firmly in the black and even during the recent crash he was always ahead. Ross explains that this system isn’t just about picking the right stocks but also about managing them smartly. He suggests taking some profits when a stock goes up by 20% or more, and this approach has shown consistent returns. The conversation also touches on the ups and downs of small and mid-cap stocks, the psychology of trading, and how following insider trades in real-time can give you an edge. If you're a stock market investor looking for a practical and easy-to-follow strategy, this episode is for you. Ross’s system isn’t perfect, but it’s designed to help minimize losses and capture gains, which is what most of us are after, right? Want to learn more? Check out the link in the show notes to sign up for a webinar and dive deeper into the Insider Effect Stock Trading System. Kerry’s been seeing some good results, and if you’re curious about how it could work for you, it’s definitely worth a look. Tune in and see how you might benefit from this approach to stock trading! For Ross’s latest complimentary webinar - Click here Please let me know your results, if they are only half as good as mine, you’ll be very happy.
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Sun, 18 August 2024
Here’s an important sponsor update with Shawn Khunkhun, CEO of Dolly Varden Silver (🇺🇸DOLLF -- 🇨🇦DV). For anyone following the latest silver discoveries and the mining this is a must-watch! In our latest chat, Shawn shared some big news about Dolly Varden's recent drill results; the hits just keep coming! DV has found still more high-grade silver at their Kitsault Valley Project, with their latest drill intersecting an impressive 1,091 grams per ton of silver over 9.3 meters. He gives us an inside look at how their innovative directional drilling technology is not only expanding their resource but also saving millions in drilling costs—money that goes straight back to the shareholders! We also dive into the broader silver market and discuss why now might be the perfect time to invest, especially with silver prices on the rise and the gold-to-silver ratio looking favorable. Sean touches on the growing M&A activity in the mining sector, highlighting a recent $2.1 billion acquisition that has the market buzzing. With majors like Newmont and Hecla flush with cash and looking to replenish their reserves, companies like Dolly Varden could be prime takeover targets. For any serious mining industry follower, Sean's insights are invaluable. He explains how Dolly Varden’s strategic position in Canada’s Golden Triangle and their ongoing success in finding high-grade silver make them a compelling investment choice. Subscribe to the company’s website https://DollyVardenSilver.com for updates and important developments.
*** Disclaimer: Dolly Varden Silver (DVS) has sponsored this video production. No questions were exchanged prior to the interview. The forward-looking statements in DVS’s presentation apply to the content of this interview and write-up. The content on FinancialSurvivalNetwork.com (FSN) is for informational purposes only and should not be considered personal legal or investment advice, or a recommendation to buy or sell securities or any other products. It is based on opinions, SEC filings, current events, press releases, and interviews but may contain errors. FSN offers no inferred or explicit warranty regarding the accuracy of the information presented. Consult your investment advisor and do not base any investment decisions on the information contained herein or on FinancialSurvivalNetwork.com. We may hold equity positions in some of the companies featured on this site. FSN disclaims any responsibility for the content of any linked website. Use any information on FinancialSurvivalNetwork.com at your own risk. By reading this disclaimer, you agree to hold FSN harmless for any losses you may incur. |
Fri, 16 August 2024
Kerry Lutz and John Rubino take an entertaining and humorous deep dive into some of the most pressing global issues of our time. They discuss the growing concerns over global conflicts, the powerful influence of the military-industrial complex, and the potential fallout from a disputed U.S. presidential election. They also explore how AI-generated content could shape the election and the dangerous consequences of conflicts involving nuclear powers, highlighting the impact of political interests across various sectors. Lutz and Rubino express their fears about the economic repercussions of political assassinations, terrorist attacks, and the increasing online censorship affecting political events and public figures. They question the accuracy of official economic statistics and analyze their potential manipulation, especially in the context of recent market crashes and the role of hedge funds. The duo also delves into the yen carry trade and its potential risks to the financial system. On the gold market front, they highlight the surge in merger activity among mining companies and discuss how major miners might start acquiring junior producers. Lutz and Rubino also share their investment strategies, including Rubino’s approach to buying NASDAQ put options and Lutz’s advice on investing in ETFs that hold stocks of major gold miners. Throughout the discussion, they emphasize the urgent need for de-escalation in global conflicts and the importance of verifying content in today’s media landscape. This conversation is packed with valuable insights for anyone interested in global politics, economics, and smart investment strategies, making it a must-watch for those looking to stay informed and ahead of the curve. Find John's work here: Rubino.Substack.com Find Kerry here: FSN and here: Inflation.Cafe |
Thu, 15 August 2024
Kerry Lutz interviewed Sebastian Herz, the founder of Zignify Global Product Sourcing, who shared his expertise in global product sourcing. Herz emphasized the importance of cutting costs and increasing profits for businesses through global sourcing, and discussed the challenges businesses face in finding potential producers, obtaining quotations, and negotiating prices. He explained how his company assists businesses in these areas, and highlighted the significance of global sourcing beyond China. Herz and Lutz also discussed strategies for cutting costs and negotiating with suppliers, emphasizing the value of obtaining multiple quotations to strengthen negotiation power and achieve cost savings. They cautioned against relying on trading companies to avoid unnecessary expenses, and highlighted the importance of periodically reassessing supplier relationships to ensure businesses are getting the best prices in a dynamic market. The conversation underscored the potential for significant cost savings by implementing these strategies, with Herz citing examples of clients saving over half a billion dollars. They also discussed the complexities of sourcing products from China amidst economic tensions with the US, and the importance of adhering to tariff codes and payments to avoid penalties. Furthermore, Herz provided insights into overcoming supply chain challenges by diversifying sourcing channels and finding alternative producers. He shared examples of finding electronic chips in unconventional places and achieving significant price markups and payment terms. Additionally, they discussed the crucial aspects of initiating business with a client, emphasizing the significance of understanding the product before delving into sourcing strategies. The conversation underscored the need to balance cost and quality in sourcing decisions, with Herz providing insights into the approach and offering a means for further exploration through his website. Find Sebastian here: zignify.net Find Kerry here: FSN and here: inflation.cafe |
Tue, 13 August 2024
Kerry Lutz and John Grace discussed the implications of the current market crash and the importance of being prepared for various market conditions. They emphasized the need for active management and greater diversification to limit losses and thrive, drawing parallels with the strategies employed by major endowments like Yale. Grace also delved into historical examples of market recovery, using the U.S. after the Great Depression and Japan as illustrative cases, and highlighted the potential of non-traditional investments, particularly in student housing and data center infrastructure, as avenues for investor salvation. The speakers stressed the significance of savvy investors prioritizing the limitation of losses over gains and the challenges and considerations involved in long-term financial planning. Find John here: westlakefinancialadvisors.com and here: https://www. Also, you can Check out: owning Student Housing and Data Center Infrastructure for AI that’s likely to hold up well here: https://www.breit.com/ Find Kerry here: FSN and here: inflation.cafe |