{"id":51113,"date":"2017-12-28T12:46:08","date_gmt":"2017-12-28T17:46:08","guid":{"rendered":"http:\/\/thedisciplinedinvestor.com\/blog\/?p=51113"},"modified":"2017-12-31T11:50:18","modified_gmt":"2017-12-31T16:50:18","slug":"tdi-podcast-highlights-lessons-learned-539","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2017\/12\/28\/tdi-podcast-highlights-lessons-learned-539\/","title":{"rendered":"TDI Podcast Highlights: Lessons Learned (#539)"},"content":{"rendered":"<p><strong>On This Week&#8217;s Podcast The Disciplined Investor Discusses:<\/strong><\/p>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Cryptocurrency Stocks<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The FOMC Rate Decision<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Tax Bill Changes<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Cryptocurrencies and Technical Analysts<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Lessons to Learn for 2018<\/div><\/li>\n<\/ul>\n<p><!--more--><\/p>\n<hr \/>\n<p><strong>Listen To This Week&#8217;s Podcast:<\/strong><\/p>\n<div class=\"su-audio\" data-id=\"su_audio_player_69d97f01359d4\" data-audio=\"https:\/\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode539.mp3\" data-swf=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/plugins\/shortcodes-ultimate\/vendor\/jplayer\/jplayer.swf\" data-autoplay=\"no\" data-loop=\"no\" style=\"max-width:60%\"><div id=\"su_audio_player_69d97f01359d4\" class=\"jp-jplayer\"><\/div><div id=\"su_audio_player_69d97f01359d4_container\" class=\"jp-audio\"><div class=\"jp-type-single\"><div class=\"jp-gui jp-interface\"><div class=\"jp-controls\"><span class=\"jp-play\"><\/span><span class=\"jp-pause\"><\/span><span class=\"jp-stop\"><\/span><span class=\"jp-mute\"><\/span><span class=\"jp-unmute\"><\/span><span class=\"jp-volume-max\"><\/span><\/div><div class=\"jp-progress\"><div class=\"jp-seek-bar\"><div class=\"jp-play-bar\"><\/div><\/div><\/div><div class=\"jp-volume-bar\"><div class=\"jp-volume-bar-value\"><\/div><\/div><div class=\"jp-current-time\"><\/div><div class=\"jp-duration\"><\/div><\/div><div class=\"jp-title\"><\/div><\/div><\/div><\/div>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/podcast-summary\/\" target=\"_blank\" rel=\"noopener\">Click HERE For More Podcasts<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><div class=\"su-button-center\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/submit_podcast_review\/\" class=\"su-button su-button-style-soft\" style=\"color:#ffffff;background-color:#1257ea;border-color:#0f46bc;border-radius:9px\" target=\"_self\"><span style=\"color:#ffffff;padding:8px 24px;font-size:18px;line-height:27px;border-color:#5a8af1;border-radius:9px;text-shadow:1px 0px 0px #9c9696\"><i class=\"sui sui-arrow-right\" style=\"font-size:18px;color:#FFFFFF\"><\/i> Submit a Podcast Review<\/span><\/a><\/div>\n<hr \/>\n<p><strong>Cryptocurrency Stocks:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> There is a large PR Push around stocks associated with Cryptocurrencies. (Riot Blockchain (RIOT), Overstock (OSTK), Bitcoin Investment Trust (GBTC), etc\u2026)<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Seeing a significant amount of investor fascination around these stocks.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Two names this week that got a great push from putting blockchain\/crypto jargon in their name.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Rich Cigars (RCGR): Formed previously to distribute and service tobacco products.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Filed a change of name to Intercontinental Technology Inc.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Changed domicile to Denver from Florida.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> They are now forming subsidiaries for developing multi-national marketing of proprietary patent protected products. What does that mean?<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> More importantly the development of a unique cryptocurrency mining business for Bitcoin and other cryptos.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Previously was trading at $0.03 and moved up to more than $1.05 after the news. However, then came back to reality.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Equating to Marijuana stocks that were pumped and dumped.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Seems that all you have to do is put the cryptocurrency keywords into your description and you can move the needle on your downtrodden old company.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Longfin (LFIN) \u2013 Financial services company with Fintech and Artificial Intelligence (AI). A new IPO that came out this week.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> After opening, the very next day the PR machine started with an acquisition into Ziddu, a blockchain empowered service provider.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> $6.00 to north of a $120.00.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> There is a lot of hype in these stocks and there are several ways to play it:\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Ride the wave of momentum up.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Sell the rally, but need to be careful as these are moving up more than 100% &#8211; 1000% in a single day which could wipe out any short position almost instantly.<\/div><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>The FOMC&#8217;s Meeting:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> This was Janet Yellen\u2019s last FOMC Meeting for the Fed prior to Jerome Powell taking over.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> During the meeting rates were raised by 25bps.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The rate increase was pretty much already baked in and markets were expecting a rise in rates.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> All signs to increase rates have been there. Unemployment, GDP, Inflation, etc\u2026<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Current predictions are for rates to continue to increase 3-4 times over the course of 2018.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Much of the focus remains on the official inflation rate being too low. 2%+ is the goal, and after all these years, we have finally started to see this number begin to trend higher.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Fed seems to be reluctant to move faster on raising rates or Quantitative Tapering\u2026\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Not sure what they are waiting for.\u00a0 It soon might become time that they will have to get aggressive should inflation actually spike.<\/div><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>The Tax Bill:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Much more significant predictions for it to get passed.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The voting will commence next week.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> There were lots of changes made at the last moment that couldn\u2019t have been considered in the equation of how this would affect Treasury inflows and tax paying citizens as a whole.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> 21% Corporate rate vs. 20% starting in 2018.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Corporate AMT has been removed after being accidentally left in the last time around.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Child tax credit was increased thanks to Marco Rubio.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Top tax rates were dropped, but really no simplification as there will be 7 tax brackets. Top rate was lowered by about 2%.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The estate tax exemption was moved up to $11 Million vs. what they had originally proposed which was to completely remove it.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> The Repatriation tax will be at 14.5%<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Obamacare is set to be repealed<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Property and state income taxes may be limited to utilizing one or the other and only up to a $10,000 deduction.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Mortgage interest deductions have been reduced from $1 Million to $750,000.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> What are some planning ideas (As always, check with your tax accountant or CPA to get solid advice for your individual situation):\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Pre-pay your property taxes in 2017 if you can.\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> <span style=\"text-decoration: underline;\"><strong>This loophole was blocked very recently<\/strong><\/span>, but those states that pay taxes in arrears may still be able to pre-pay 2017 taxes in order to get a full deduction.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Giving to charity in advance in 2017 vs. 2018 if you can itemize.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> If you pay estimated tax payments to your state, look to try to pay them in 2017 so that you can deduct them on your 2017 tax return. If you can itemize.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Small Businesses may want to wait to send invoices for payments that generally come in December to January as pass through entities may get a good break in 2018 and beyond.\u00a0 This really also depends on whether you are a cash or accrual based company.<\/div><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Cryptocurrency and Technical Analysts:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> All of the sudden a lot of the technical analysis traders are snubbing cryptocurrencies despite the fact that most of the time the preach:\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> It\u2019s only price that pays.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Let the chart speak rather than the actual name of the company in order to reduce bias.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> You only need to look at the chart, fundamentals don\u2019t matter.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> They have always stated that you could give them a chart without the name of the stock or security and they could analyze.<\/li>\n<\/ul>\n<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Now however, they are ranting and raving on Twitter about how the coins don\u2019t have the fundamentals to back them and that this is a bubble.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Seems many of these technical traders are negative on cryptos despite the trend having been and continue to be up.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> They are imposing a bias on these types of investments due to their feelings rather then what the chart is actually telling them.<\/div><\/li>\n<\/ul>\n<p><strong>Lessons to Learn:<\/strong><br \/>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> As an investor, you must try to remove all bias from your thought process, otherwise technicals and fundamentals can be overlooked.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> Don\u2019t let the name of a company or security determine whether you invest or not. Let the facts and numbers lead you to a conclusion.<\/li>\n<li><i class=\"sui sui-caret-right\" style=\"color:#0a6b96\"><\/i> In 2018, reflect on how you are making decisions to invest in different securities and be aware of whether you may be interjecting biases into your choices.<\/div><\/li>\n<\/ul>\n<div class=\"powerpress_player\" id=\"powerpress_player_5108\"><a href=\"https:\/\/media.blubrry.com\/tdi_podcast\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode539.mp3\" title=\"Play\" onclick=\"return powerpress_embed_html5a('5108','https:\/\/media.blubrry.com\/tdi_podcast\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode539.mp3');\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/powerpress\/TDI_PlayPodcast-679.png\" title=\"Play\" alt=\"Play\" style=\"border:0;\" \/><\/a><\/div>\n<p class=\"powerpress_links powerpress_links_mp3\" style=\"margin-bottom: 1px !important;\">Podcast: <a href=\"https:\/\/media.blubrry.com\/tdi_podcast\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode539.mp3\" class=\"powerpress_link_pinw\" target=\"_blank\" title=\"Play in new window\" onclick=\"return powerpress_pinw('https:\/\/thedisciplinedinvestor.com\/blog\/?powerpress_pinw=51113-podcast');\" rel=\"nofollow\">Play in new window<\/a> | <a href=\"https:\/\/media.blubrry.com\/tdi_podcast\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode539.mp3\" class=\"powerpress_link_d\" title=\"Download\" rel=\"nofollow\" download=\"tdi_episode539.mp3\">Download<\/a> (38.3MB)<\/p><p class=\"powerpress_links powerpress_subscribe_links\">Subscribe: <a href=\"https:\/\/open.spotify.com\/show\/5vtvEVDPUi4221imwhXyXt\" class=\"powerpress_link_subscribe powerpress_link_subscribe_spotify\" target=\"_blank\" title=\"Subscribe on Spotify\" rel=\"nofollow\">Spotify<\/a> | <a href=\"https:\/\/tunein.com\/podcasts\/Markets-and-Investing\/The-Disciplined-Investor-p414586\/\" 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href=\"https:\/\/media.blubrry.com\/tdi_podcast\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode539.mp3\" title=\"Play\" onclick=\"return powerpress_embed_html5a('5109','https:\/\/media.blubrry.com\/tdi_podcast\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode539.mp3');\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/powerpress\/TDI_PlayPodcast-679.png\" title=\"Play\" alt=\"Play\" style=\"border:0;\" \/><\/a><\/div>\n<p class=\"powerpress_links powerpress_links_mp3\" style=\"margin-bottom: 1px !important;\">Podcast: <a href=\"https:\/\/media.blubrry.com\/tdi_podcast\/thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode539.mp3\" class=\"powerpress_link_pinw\" target=\"_blank\" title=\"Play in new window\" onclick=\"return powerpress_pinw('https:\/\/thedisciplinedinvestor.com\/blog\/?powerpress_pinw=51113-podcast');\" rel=\"nofollow\">Play in new window<\/a> | <a 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