In the Radio News
Ray Lucia: Ray is pointing out how reports of people not able to meet financial necessities increasing (doubling) doesn't play. Most anyone Ray meets seems to be surviving okay. The survey in question is a retirement survey.
Ray Lucia: Ray is live from New York today. The usual calls and questions, but one stands out: can you time the market? Ray has always said "no" with the caveat that you must use a competent financial resource and it must mitigate risk.
Ray Lucia: A caller is setting up a small business and is navigating the articles of incorporation. He asks Ray about what choices he should make in the articles.
Ray Lucia: Ray explains capital gains tax and the rate. The actual gain is part of your income, but is only taxed once - at the capital gains rate. This applies for long term (1 year and 1 day). Short term capital gains are taxed at your income bracket rate.
Ray Lucia: Ray is talking commodities with an expert and they are focusing on Gold as an inflation hedge. They both feel that there is a high risk of inflation on the horizon.
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