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Mike’s Editorial – June 27th

Can the capital gains exemption on your home really be in jeopardy? Will the massive increase in government debt thanks to the lockdown be the excuse to cap it or cut it?

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Seth Levine: Emergencies May Cause Strange Market Behavior

Emergencies may cause strange market behavior. 2020 is certainly not shaping up to be the year I had hoped for. Like many, I was optimistic at the start. I underwent some major surgery late last year and 2020 was going to be “my year.” Boy did those plans derail quickly. In the blink of an eye, the coronavirus (COVID) escalated from a mystery-meat sideshow to a full-blown economic crisis. Suddenly, we investors faced the realities of investing during an emergency. However, you’d hardly know it by the look of today’s markets. Was COVID just a blip or could they be reflective of investing during an emergency? CLICK for complete article

‘Investing in People’ Literally. Not Everyone Approves

Human IPO lets individuals sell their time on the open market. Its cofounders believe its valuation model is agnostic—but it may still reflect an unequal world.

 

Pollock, a startup investor, “went public” on Human IPO earlier this month. The platform lets people sell up to 500 hours of their time on the open market, at one hour per “share,” at a price of their choosing. Investors make a bet that those hours will be worth more in the future, whether to them or someone else. Share owners can then redeem that time—with a one-on-one meeting, for example—at their discretion. A person’s value goes up and down depending on market conditions.

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Big Fat Idea – How to Make Money in Exploration Stocks

Brad Cooke joins Michael to talk about how to build – and invest in – a successful mineral exploration company.

Fraud Hits New High Amid Pandemic

Any time the world is thrown off balance by a major, sustained event or incident, it’s an opportunity for some of our most creative minds for a burst of new and refined criminal activity. The global pandemic presents an atmosphere ripe for criminal creativity, and the United States is now drowning in new colorful types of fraud.

According to the Federal Bureau of Investigation (FBI), as of May 28th, its Internet Crime Complaint Center (IC3) received as many complaints in the first five months of this year as it did for all 12 months of 2019.

Three-quarters of those complaints are frauds and swindles, and the “sheer volume” is “a challenge” for the FBI.

From the sale of counterfeit personal protective equipment (PPE) claiming to ward off coronavirus and fake cures to fraudulent unemployment insurance claims, stimulus check scams and even plots to take advantage of children engaging in online schooling, the vultures have come out of the pandemic woodwork in full force.

Real estate scams are just one target–but of the high-dollar variety.

With the real estate industry in lockdown for months, many elements of the closing process that were normally required to be done in person for security reasons were accomplished digitally, opening up magnificent opportunities for IT-savvy criminals to hijack emails between agents, title agencies and buyers, convincing buyers to send their down payments to wrong parties. CLICK for complete article