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The Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad



The Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad

Jason Vanclef

ISBN: 978-1-119-08701-4 January 2013 304 Pages


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.

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