1st Quarter 2023 Wrap Up: Equity Overview (How to Find a Financial Planner/Professional) & Rambus Chartology with Tim Caban

10 Comments

1. This was a great interview with helpful guidance. However, I’m still stumped at how to find a wealth/money/investment manager candidate to even interview who is awake to what’s happening with the dollar repudiation, the corruption at the federal level and the marxist central bank.

   My current advisor has performed well over the years but won’t admit to the truth of the coming collapse of the currency and banking systems….he just repeats the government party line of those who are delusional. The people in his firm bragged about how they all took the C vax and dutifully wore their masks. When I withdrew money from my account to buy gold and silver, he let me know he didn’t approve and thought I was overreacting to the financial turmoil. Of course it was really because it was money lost to his investment fee.

   I have no idea how to find a wealth manager who is tuned into the truth and didn’t hear specifics on how to go about this in this interview other than doing online searches. It’s like looking for a needle in a haystack and not knowing where to start. Does anyone have any suggestions?

   1. 1. Get a list of planners and advisors in your state
      2. Review their website and materials – focus on independents, not a big firm
      3. Seek recommendations from like minded people in your area, particularly CPAS, bankers, etc. Check with the fresh food networks in your local area. if you have a good local bank or credit union ask them for recommendations. I met my asset management partner through my bank. I met Tim when he subscribed and came to one of our events and we built a relationship over several years.
      4. Start interviewing – I had one client who interviewed 13 people by this process until they found one – which they did.
      5. Pray and ask for help in finding the person for you

      1. Thank you, Catherine. I’m in Memphis. Is there anyone in the area you would recommend?

         1. Have never done a search for Memphis. Even so, I don’t recommend. In my last discussion with the state, I was told there are 222 registered investment advisors in TN, so I would start with the that list.

2. Thank you both so much for this information-packed interview. It is exactly the start I was looking for. I listened twice and downloaded the pdf, so I am now ready to “turtle forth”!

3. Dear Catherine,

   This was a helpful interview and thank you for all that you do. However, there was an erroneous statement made in that there were no estate taxes paid in 2010. There were supposed to be no estate taxes in 2010 but the Tax Relief, Unemployment Insurance and Job Creation Act enacted in December 2010 made estate taxes retroactive for 2010. There was a five million estate tax exemption and a 35% tax rate. So George Steinbrenner’s estate did pay estate tax!

   1. Thanks for the correction Robin. Will let Time know.

      1. Thanks for the correction Robin. Happy to accept responsibility for any incorrect statements I make and issue mea culpa.
         Looking into it, I find the below and paste in footnote number 4 from the link. I am admittedly not an estate or tax attorney (or attorney of any kind!) so if someone wishes to explain to me why I am wrong, I’m happy to change my opinion. Reading the below, I think he still most likely did not pay estate taxes but it is admittedly a guess as much of his estate was never released.
         Happy to hear what you have to say!
         Tim
         https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-estate-and-gift-tax-rates
         4 The Tax Relief, Unemployment Reauthorization and Job Creation Act of 2010, reinstated the estate tax effective for decedents dying after December 31, 2009. However, the Tax Relief Act of 2010 also provided an election for the estates of decedents dying in 2010 to use the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) rules of no estate tax, but a carryover basis for inherited assets. Accordingly, few estates of decedents dying in 2010 will actually be subject to the estate tax. In addition, although the estate tax rate schedule for 2010 through 2012 (Code Sec. 2001) shows the 35% rate being imposed on estates in excess of $500,000, the estate tax applicable exclusion amount effectively precludes taxation of any transfers in an amount below $5 million in 2010 and 2011, and $5,120,000 in 2012.

4. I listened to this interview last week and decided to use the “initial screening line” (relating to Covid measures) this morning. But not for a financial advisor but rather a new integrative doctor I finally decided to go and see. It was cathartic!

   I told the doctor that before I hand over my medical insurance card (I’m in Switzerland) for him to process my details, I am actually scouting for new doctors because the world is currently divided on health issues… He just about cut me off to say he does not support the vaccine effort etc etc etc.

   So just to say thank you for good advice, Catherine. I am so proud of myself to have had the guts to go against the grain (of blindly believing and being subject to “expert” advise) and scout out the doctor face-to-face upfront and to be ready to walk out.

   1. GOOD FOR YOU! Investing in building successful relationships with people of integrity is absolutely a good use of our time.

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