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Hard Assets Alliance
14 minutes ago

If you could invest in tech & electronics - without buying stocks.
And get in on - the most exciting innovations in technology — but play it relatively safe.
You’d be interested, right?
Thought so.
Take a look at this…

Yes, it’s a circuit board / multi-layer ceramic (chip) capacitors (MLCC).
And millions and millions of phones, laptops and flat screen TVs all NEED one.
But here’s something most people don’t know about circuit boards/MLCCs.
The majority of them contain palladium.
Heck, the device you’re reading this message on right now likely has palladium inside it.
Because palladium is used to coat electrodes — the tiny components in electronic products which help to control the flow of electricity.
Why am I telling you this?
In 2018, approximately:
1.56 billion smartphones
162 million laptops
150 million tablets
221 million TVs were SOLD worldwide.
In fact, the Global Consumer Electronics Market is predicted to reach USD 1,787 Billion by 2024.
I’d consider that a LOT of commercial and consumer demand for palladium, would you agree?
Just ask yourself...
Does almost every teenager you see — seem to have, some kind of tech gadget permanently attached to their hand — and do you yourself, ever leave home without your phone?
Case closed.
If you’d like to get to invest in a multi-billion dollar industry using your SmartMetals account
All you have to do is login and buy palladium.
But here’s the thing:
Can we guarantee the price of palladium will go up?
No, of course not.
However, as you can see...
Palladium does seem to be an excellent way — to get exposure to multiple huge trends that are transforming our world — without risking the shirt on your back, betting on some high-flying tech stock.
If palladium sounds like it fits your precious metal investment strategy.
You can add some to your portfolio now.
Simply login into your SmartMetals account.

Win Without A Lawyer
Yesterday, 4:38 am


Find the Law that Controls the Judge!

Otherwise, you cannot hope to win!

You cannot win without citing "legal authority".

You cannot cite "legal authority" if you don't know how to find it.

The judge is not "legal authority".

Judges are required to obey "legal authority".

Tell a judge your personal opinions about the law and how you think he should rule, and see how far it gets you!

The only opinions that count in court are written opinions of appellate courts.

Your opinions count for nothing in court.

Control the judge with "legal authority" by researching and citing appellate court opinions.

Controlling judges is what wins cases!

Your opponent will cite legal authorities.

You must do the same ... if you want to win.

For information on the "How to Win in Court, self-help course, click HERE.

Win Without A Lawyer
May 17, 2019


Whether you're a plaintiff or defendant, you must know what smart defendants do to dodge lawsuits.

If a defendant is served with a complaint, he may dodge the lawsuit by filing motions to avoid filing an Answer!

This is called the "flurry of motions".

Once a defendant files an Answer, he's locked in and misses this chance to dodge the lawsuit altogether.

Don't file an Answer if you can dodge the lawsuit with a "flurry of motions".

Inexperienced lawyers and pro se people make the mistake of filing an Answer to plaintiff's Complaint ... instead of using the flurry of motions.

  • Motion to Dismiss
  • Motion to Strike
  • Motion for More Definite Statement

Each of these motions postpones the necessity of filing an Answer to the Complaint ... and gains you valuable time and evidence-gathering opportunities!

In some cases it puts an end to the case. Period!

Use your Flurry of Motions.

For information on the "How to Win in Court, self-help course, click HERE.

May 16, 2019

Loss harvesting gets all the attention, but it's gains deferral that does most of the work.

I recently defended tax loss harvesting against its critics. But there was a twist. I noted that while tax loss harvesting is well and truly valuable, it is not the star of tax management. That honor belongs to gains deferral. For many folks, this is a bit shocking, like learning that Sherlock Holmes has a smarter older brother (Mycroft Holmes). Loss harvesting gets the attention; gains deferral does most of the work. We thought we’d do our bit to bring gains deferral out of the shadows and give it the acclaim it deserves.


What is gains deferral?

Gains deferral is the act of holding a position that, but for tax considerations, you would otherwise sell. There are two types:

  1. Short Term Gains Deferral: You delay selling a short-term position until it’s long term. Roughly speaking, this cuts your tax bill in half. 
  2. Long Term Gains Deferral: You delay selling a long-term position, maybe for just a while, maybe indefinitely. If you sell eventually, you’re still getting value, in the form of a delayed (deferred) tax bill. It’s the equivalent of an interest-free loan. And if you never sell, either because you hold the position until death, or you donate the position to charity, you avoid capital gains taxes entirely. 


Why is gains deferral more valuable than loss harvesting?

One of the criticisms of loss harvesting is that, on average, markets and investment portfolios go up in value, so, eventually, you have no more loss harvesting opportunities. We’ve explained why this isn’t quite true. (There’s always stuff happening, like rebalancing and cash flows, that can create new loss harvesting opportunities.) But it’s not completely false either. In a portfolio that is properly managed for taxes, you will get lots of appreciated securities. That’s bad for loss harvesting, but good for gains deferral. After a few years, gains deferral becomes the dominant tax management strategy. We can quantify this. Smartleaf generates a Taxes Saved Report for every account managed in our system that breaks down taxes saved from loss harvesting and gains deferral. In 2018, 78% of taxes saved came from gains deferral, compared to 22% from loss harvesting.


Why is gains deferral hard?

Gains deferral sounds simple. After all, how hard is it to not sell something? But there’s more going on than just refraining from a sale. The challenge of gains deferral is to avoid selling appreciated positions while still ending up with the portfolio you want. The downside of holding onto a position for tax reasons is that you’re left owning more of the position than you want. And that means you're exposed to a particular stock’s performance more than you want to be. The key to competent gains deferral is keeping this risk under control.

How? First, actively “counterbalance” overweighted positions by underweighting securities that are most correlated with the security that is overweighted.  If you’re overweighted in Exxon, underweight Chevron. The idea is to keep core “characteristics” (e.g. beta, capitalization, P/E, sector, industry, momentum, etc.) of the portfolio unchanged.1

Second, don’t overdo it in the first place. If an appreciated security constitutes the majority of a portfolio, a deferral of all gains would be a case of the proverbial tax tail wagging the investment dog. How much is too much? It depends on 1) how volatile the security is, 2) your return expectations for the security, relative to alternatives, and 3) how well you can effectively undo the overweight risk through counterbalancing.

So, let’s put it all together. Well executed gains deferral means prudently holding onto overweighted positions with unrealized gains, and then minimizing the risk and return impact by carefully counterbalancing. It is an optimization problem. And, unlike loss harvesting, your work isn’t done in 30 days. You have to keep monitoring the overweighted positions and evaluating how to counterbalance the overweight for as long as you own the security.

And that’s why gains deferral is hard. Done well, it requires sophisticated optimization analytics.  It is exceedingly difficult to do well manually.2 And it’s an open-ended commitment — maybe even a lifelong commitment if you hold overweighted positions till death.


Why don’t we hear more about gains deferral?

Given gains deferral status as the core of efficient tax management, why don’t we hear more about it?

One reason seems clear: implementing gains deferral manually requires a level of attention and care that is only economical for high net worth — or perhaps ultra high net worth portfolios. The good news is that modern automation tools are changing this. Sophisticated gains deferral, like sophisticated loss harvesting, can now be implemented inexpensively and at scale.

But there may be another reason why gains deferral doesn’t get the attention it deserves: Clients may value it less. It appears to be doing nothing. What client wants to pay their advisor for doing nothing? This applies double for legacy holdings — positions that the client transferred in to be managed by the advisor. Why should the client pay an advisor for holding a security that the client bought? The reasoning isn’t sound. Risk-managed gains deferral is really valuable. And hard. But it may not be highly valued by clients.


Having conjectured on why gains deferral doesn’t get the credit it deserves, we’re still a bit puzzled. On this point, we’d especially like to hear from you. Leave comments or reach out to us directly. We’ll share what we learn.



1 Not everyone will focus on the same characteristics — also called “factors.” Some correspond to plain-English characteristics, like “sector” or “capitalization.” Others are purely mathematical constructs with no obvious real-world counterpart.

2 There are cruder approaches to counterbalancing, such as  just underweighting everything else pro rata, or just buying less of whatever you were planning to buy next, but these simple approaches will result in greater risk and performance drift.

Written by Gerard Michael on May 16, 2019

Win Without A Lawyer
May 15, 2019


Learn lawsuit anatomy by spelling: CAT.

3 stages in every case:

  • Complaint
  • Answer
  • Trial

Of course, there's much more to winning, but it's easy if you know the basic anatomy: CAT.

The case begins when the plaintiff or prosecutor complains.

The defendant then has an opportunity to answer.

And, after the intervening battle to discover evidence, the matter goes to trial.

The real fight is in the discovery process ... not at trial as TV leads you to believe!

Every winnable case can be won before trial.

For information on the "How to Win in Court, self-help course, click HERE.

Hard Assets Alliance
May 15, 2019

In 1803, one man made a discovery that would make the world — a better place.
And I’m guessing you’d like to invest in a metal like that.
And if you’re not in the loop.
You’re in for a real treat.
Take a look at this…

It’s a catalytic converter.
And every modern, gasoline-powered engine has one.
Including: electrical generators, forklifts, mining equipment, trucks, buses, locomotives, and motorcycles.
Because a catalytic converter reduces emissions of three harmful compounds:

  • Carbon monoxide (a poisonous gas).
  • Nitrogen oxides (a cause of smog and acid rain).
  • Hydrocarbons (a cause of smog).

Which makes a catalytic converter — a life preserver.
The key precious metals inside?
Platinum and Palladium.
Now, let’s talk about demand.
What kind of continuing demand is there for palladium in the auto-industry?
Well, the global market for catalytic converters is predicted to hit a staggering $73.1 billion by 2025.
And with 7+billion people on the planet, the demand for personal and commercial transportation has never been greater.

“And since Standards requiring the use of catalytic converters on [gasoline-powered] cars first came into force in 1993 with EURO I, which was replaced by EURO II in 1997.
Even stricter standards have been agreed, with EURO III and EURO IV, coming into force in 2001 and 2006 for passenger cars and in 2002 and 2007 for light commercial cars.”

But, that’s not all...
Because it’s NOT just the West —  ‘driving’ the demand for ‘catalytic converters’ —  the East is joining the party too.
And as the Asia Pacific regions – like Japan, China, India, and South Korea – continue to need more and more passenger cars – due to their emerging middle class…
The demand for palladium in the auto-industry looks promising and profitable.
Want another reason?  You got it.
How else could 7+billion people influence the need for catalytic converters?
How about: Food and Tractors.

Agrievolution data shows that in 2017 more than 2.1 million new tractors moved around the world. Which is a 13% increase over the previous year and an 11% increase over 2015.
And more recently:

Charlie Glass, Chairman emeritus, Farm Equipment Manufacturers Assn.’s (FEMA) Dealer Relations Committee said:
“Tractor and combine sales for 2018 showed a very good increase in nearly all categories and that growth will continue into 2019. Our models indicated growth above the normal replacement activity and that should provide for another good year ahead.”

Do modern tractor engines ALL have a catalytic converter?  You bet.
And catalytic converters account for 50-70% of the total demand for palladium.
Will demand continue?
Consider this:
If emerging markets continue to grow, if people continue to desire personal transport and if 7+billion people continue to need food.
Then you might like to invest in palladium.
More info: https://www.wealthcareconnect.com/index.php/advancedmarketplace/detail/72/precious-metals/

Win Without A Lawyer
May 9, 2019

Law school teaches all sorts of things ... but not how to control judges nor how to overcome scheming tricks of crooked lawyers!

Law school is not the real world.

Law professors are too politically correct to teach law students that judges are sometimes biased or corrupt.

Most law professors never practiced law, so they don't know how to overcome the scheming tricks of crooked lawyers.

What law students learn in law school is legal theory to pass a Bar Exam.

Theory doesn't win in court.

Controlling judges wins in court!

Learn what's important, what's not, and how to focus your energy where it belongs: getting court orders!

Posturing, big words, flamboyant behavior, lapel-thumbing, and courtroom strutting accomplishes nothing!

The only thing that matters is the ink flowing from a judge's pen.

Control corrupt judges and overcome crooked lawyers.

Our "How to Win in Court" course shows how.

For information on the "How to Win in Court, self-help course, click HERE.

Win Without A Lawyer
May 6, 2019


Arguing with judges is like arguing with baseball umpires.

You better know the rules AND HOW TO USE THEM!

Here are a few rules from the Official Major League Baseball Rulebook:

  • A player is not permitted to step or go into a dugout to make a catch.
  • A player is permitted to reach into a dugout to make a catch.
  • If a player makes a catch outside the dugout and his momentum carries him into the dugout, the catch is allowed as long as the player does not fall in the dugout.

Simple enough?


What if one team doesn't know the rules?

Will it do any good to argue with the umpire?

Probably not!

And %#$@&$#*% will only get you thrown out of the park!

To argue with a baseball umpire or judge in a courtroom, you must know the Rules ... and how how to use them tactically.

Know the official rules and how to use them ... or lose!

For information on the "How to Win in Court, self-help course, click HERE.

Win Without A Lawyer
May 3, 2019

Why Pro Se Litigants Have a Hard Time.

Whether it's the high cost of lawyers' fees or growing distrust of lawyers, there is a mounting trend these days for more people to fight without a lawyer.

The American Bar Association (ABA) reports

  • 60% of the public can't afford a lawyer.
  • 20% simply don't want to spend the money.
  • 50% just don't trust lawyers!

Yet ½ of all court proceedings involve at least one pro se party.

Too many pro se people lose ... needlessly!

Ever wonder why you were never taught anything about court procedure or the rules of evidence in your tax-supported schools?

Who benefits from your legal ignorance?

You guessed it. Lawyers!

For information on the "How to Win in Court, self-help course, click HERE.

Win Without A Lawyer
May 3, 2019


Know What the Law Actually Says and Means!

One of the biggest mistakes is mis-reading the law.

  • Constitutions
  • Rules
  • Statutes
  • Codes
  • Court Rulings
  • Other Legal Documents

If you don't know what a law actually says, you'll have a hard time getting a judge to agree with you!

Understanding the "rules of language interpretation" is essential ... not only to winning lawsuits but to obtain success in other pursuits of life as well.

Legal language must be interpreted according to the "rules of language interpretation".

Understanding the "rules of language interpretation" is vital to winning your case.

You DO want to win, don't you?

Too many otherwise clever people "assume" they know what a law says, when the only opinion that counts in court is what appellate justices say the law says.

Appellate justices apply the "rules of language interpretation".

You must also!

For information on the "How to Win in Court, self-help course, click HERE.