DINARRECAPS8 12/20/24 DINARRECAPS8 12/20/24

13 Habits of Highly Effective Risk-Takers

By Nate Silver GEAR Newsletter DEC 19, 2024 4:00 AM

From poker players to venture capitalists, there’s a mindset to making the most of opportunities, and engineering the odds of success.

I played poker professionally before I ever wrote about politics or built an election model. What really fascinates me about gambling is the mindset that drives this behavior—a way of thinking that unites a cohort I call “the River.”

The River is a sprawling ecosystem of like-minded people that includes everyone from low-stakes poker pros to crypto kings and VC billionaires.

DINARRECAPS8 12/19/24 DINARRECAPS8 12/19/24

How Homebuyers Can Stay Safe In 2025

Danielle Antosz Wed, December 18, 2024 Moneywise

West Virginia couple loses $255K, life savings in real estate scam — how homebuyers can stay safe in 2025

After months of house-hunting, Raegan Bartlo and her husband finally found their dream home in a small West Virginia community just a few hours from Washington, D.C.

But that dream became a nightmare as a few days before the closing, Bartlo received an email she thought was from her title company. The email provided instructions on how to wire the money for closing. She wired the $255,000 down payment as per the email’s directions, ABC 7 reported.

DINARRECAPS8 12/19/24 DINARRECAPS8 12/19/24

The Fed Saves Its Own XXX at Your Expense

Notes From the Field By James Hickman (Simon Black) December 19, 2024

Marco Polo never actually set foot on Japanese soil. But that didn’t stop him from writing the most wildly exaggerated tales about the immense, incredible wealth of Japan-- which he called Cipangu.

Supposedly Marco Polo had spoken to merchants and traders who’d been there, but it’s entirely possible he made it all up—typical for Marco Polo and his tall tales.

Nevertheless, about a century and a half later, a young Italian sailor devoured Polo’s writings and became convinced he had to lead an expedition to Cipangu and exploit the unimaginable wealth described in Polo’s stories.

DINARRECAPS8 12/18/24 DINARRECAPS8 12/18/24

Cliff-side Villa - $10M In The Bank — With No Heirs. Who Should Get My Fortune?

I’m 79, Live In A Cliffside Villa In California And Have $10M In The Bank — With No Heirs. Who Should Get My Fortune?

Christy Bieber Tue, December 17, 2024 Moneywise

A 79-year-old in a villa with $10 million in the bank has a very large potential legacy to leave — but what if there's no obvious person to leave it to?

In His Situation, You Must Take Action.

You need to make an estate plan. Otherwise, default intestacy laws apply. These kick in when someone dies without a will. The law dictates who will inherit, starting with closest relatives and proceeding to more distant relations. However, if no relatives are found, the funds could go to the state.

DINARRECAPS8 12/17/24 DINARRECAPS8 12/17/24

AI Voice Scams Are On The Rise. Here's How To Protect Yourself

Megan Cerullo Updated Tue, December 17, 2024 CBS News

Artificial intelligence-enabled voice cloning tools have made it easier for criminals to mimic strangers' voices and dupe victims into handing over large sums of money.

For example, a scammer might target a victim posing as their grandchild and claiming they require cash — fast. Older people who might not be as familiar with new technologies such as AI can be particularly susceptible to these types of scams, particularly when the caller on the other line sounds identical to a loved one. Phone numbers also can be spoofed to mimic those of callers known to the target of voice cloning scams.

DINARRECAPS8 12/16/24 DINARRECAPS8 12/16/24

Kiyosaki Warns That Boomers Will Be The Losers Once The ‘Biggest Crash In History’ Comes

Jing Pan Sun, December 15, 2024 Moneywise

The U.S. stock market has seen clear sailing in 2024, with the S&P 500 up an impressive 28% year-to-date, but Rich Dad, Poor Dad author Robert Kiyosaki sees dark clouds on the horizon — and when the storm hits, it’s the one generation that will feel the brunt of it.

“BOOMERS are SOL: When the stock market bursts … BOOMERS will be BIGGEST LOSERS,” Kiyosaki posted on X.

As a boomer himself, he acknowledged that his generation has been lucky. Data supports that claim, with reports showing that Baby Boomers are likely the wealthiest generation that has ever lived.

DINARRECAPS8 12/15/24 DINARRECAPS8 12/15/24

Think You're Safe? Identity Theft Could Wipe Out Your Entire Life’s Savings

Kurt Knutsson, CyberGuy Report Fri, December 13, 2024

Identity theft has become a pervasive issue, affecting millions of Americans each year. In 2023 alone, American adults lost a staggering $43 billion to identity fraud. The following story illustrates the devastating impact this crime can have on individuals:

Paula Disberry, a former Colgate-Palmolive employee, was living a comfortable life when she discovered that her 401(k) account had been drained of $750,000. The shock came when she tried to access her account online, only to find it blocked.

DINARRECAPS8 12/14/24 DINARRECAPS8 12/14/24

The Most Insolvent Bank In The History Of The World Is. …..

Notes From the Field By James Hickman (Simon Black) December 12, 2024

As the 1800s came to a close and the world propelled itself full of innovation and optimism into the 20th century, there was perhaps nowhere else on the planet more admired and envied (except for the United States) than Argentina.

In fact, just like America in the late 1800s and early 1900s, Argentina was overflowing with immigrants from all over the world looking for a better way of life in that land of opportunity.

DINARRECAPS8 12/12/24 DINARRECAPS8 12/12/24

12 Assets To Avoid Leaving to Your Heirs When You Die

Jennifer Taylor Thu, December 12, 2024 GOBankingRates

You want to leave your loved ones with assets that will enrich their lives. However, not all assets are created equal. Despite your best intentions, some of the assets you plan to bestow upon your heirs might be more of a headache. Whether they’re difficult to manage or potentially costly, you won’t be doing them any favors.

GOBankingRates spoke with financial advisors to find out which assets you don’t want to pass on. Here’s what they had to say.

DINARRECAPS8 12/12/24 DINARRECAPS8 12/12/24

6 Reasons Your Tax Refund Will Be Higher in 2025

Jordan Rosenfeld Thu, December 12, 2024 GOBankingRates

Tax refunds can feel like the reward for the hassle of filing your taxes, but many Americans forget that this is not extra money coming back to you, but your own money that, in essence, you overpaid (or under-deducted) to the government. A big tax refund might actually be a sign of financial changes you need to make with your accountant, but who doesn’t like getting money back instead of paying it out?

According to Alex Freund, a financial advisor and owner of Freund & Smith Advisors, a Northwestern Mutual firm, here are six reasons why your tax refund could be higher in 2025.

DINARRECAPS8 12/11/24 DINARRECAPS8 12/11/24

Great News If You Own A Company

Notes From the Field By James Hickman (Simon Black) December 7, 2024

Right at the beginning of the year in early January, I wrote to you about one of the dumbest laws to hit the books in the Land of the Free in a VERY long time. It’s called the Corporate Transparency Act.