Real Money Secrets Aren't on TikTok

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Real Money Secrets Aren't on TikTok

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Tax tricks used by billionaires are now showing up in the algorithm, but the real money secrets aren’t going out on social media. Ricky and Malcolm discuss: Winmark, a royalty-collecting franchisor (Play It Again Sports, Once Upon a Child) trading at a 52-week low, and why Ricky is interested as a long-term investor. The 351 exchange strategy the ultra-wealthy use to defer capital gains taxes, and why the version being pitched to retail investors on TikTok rarely pencils out. Gary Vaynerchuk's VeeFriends, how their being sold to collectors, and if cards can provide “alpha”. K Money, a suspended securities broker turned Facebook "investing luminary," and how his $800,000 fund actually got spent. Why "if they were really that good at it, they wouldn't be telling you about it" is a solid rule of thumb for filtering financial advice on social media. A few real-life "avoidable risk" lessons from Red Rocks, and Ricky's Tesla-vs-Civic dilemma as his EV lease runs out. Want to contact us? thistimepod@gmail.com We are proud to be in the Airwave Media network! Please contact advertising@airwavemedia.com if you would like to advertise on our podcast. Host: Ricky Mulvey Co-host: Malcolm Ethridge Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

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