I remember it like yesterday: I was in the 54th floor conference room of 500 5th Avenue, a sturdy skyscraper just across the street from the New York Public Library. It was a cloudy day in September, and I was gazing out the window towards the southern tip of Manhattan.
Matt and I have a year-end tradition: On the Sunday after Thanksgiving, while our NYC office is still quiet, we sit in the lounge chairs by our big, south-facing windows...
Many risk-averse investors seek out the stability of big, recession-proof brands… Brands like McDonald’s (NYSE: MCD) or Burger King (NYSE: BKW). These stocks may help you sleep at night, but they sure don’t offer much yield: Dividends from Burger King are less than 1%… And “high-yielding” McDonald’s offers just 3.5%.
Imagine owning a luxury hotel, just blocks from the Freedom Tower in downtown New York City. Or owning high-end luxury condos in Midtown East, right near the United Nations.
For most folks – aside from purchasing a home – buying or leasing a car is the single biggest financial transaction they’ll experience. It can also be one of their most painful experiences… In 2012 alone, the FTC reported 59,214 fraud reports related to car sales.
Wall Street is dying ... Big brokers like Morgan Stanley are being replaced by more efficient alternatives, and traditional investments like stocks and bonds are falling by the wayside.