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John T. Reed’s news blog

Give one of my books as a Christmas gift.

Posted by John Reed on

Many of my books are bought at Christmas to be gifts. I have 36 products: . • 21 about real estate investment and a package deal on buying all of them • 8 football coaching • 2 baseball coaching • Succeeding • How to Protect Your Life Savings From Hyperinflation & Depression • How to Spot Dishonest Arguments and keep your own thinking straight • How to Write, Publish, and Sell Your Own How-To Book • The Unelected President novel You can see their covers and details about each including reader comments at johntreed.com. They are all in stock and...

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Wall Street Journal does not give worthwhile advice on inflation apparently because it does not earn a commission for securities dealers

Posted by John Reed on

Another useless financial advice column about inflation and retirement: Anne Tergesen’s Wall Street Journal column yesterday. She correctly points out that retirees get screwed by inflation but offers zero helpful advice. She just quotes a guy saying he's "troubled by what [he] sees." . I am troubled by the WSJ offering zero help to readers who will be devastated by inflation if it happens. Pensioners are the group hurt worst by inflation. . Again, I think the problem is stock brokers have no inflation protection to sell that pays them a commission. The solutions are simple: non-USD-denominated assets. They are...

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John T. Reed’s review of King Richard—the Venus and Serena Williams story

Posted by John Reed on

My wife and I saw the movie King Richard today. The basic, true story, is much like another movie we saw recently: RESPECT Both were about African-Americans from relatively low-income families who dreamed of being superstars—and did. RESPECT was the Aretha Franklin story. In that story, the driving force was Aretha herself. In King Richard, the driving force clearly is Richard Williams, the stage father of two tennis GOATs Venus and Serena Williams. Although without the girls buy-in too, their success does not happen. I had a connection to Aretha in that songwriting and performing is a creative exercise where...

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John T. Reed’s review of the book San Fransicko by Michael Shellenberger.

Posted by John Reed on

The subtitle is “Why progressives ruin cities.” That is a better description of the contents than the title. . I like to reduce it to basic principles. . • Liberals are process oriented. • Conservatives are results oriented. • Liberals see good intentions as a 100% substitute for results. • Liberals glom onto theories which are called ideologies. • In the scientific method, theory is an early step. In subsequent steps, the theory is proven or disproven by testing and empirical evidence. Liberals reject empirical evidence or anything else that would disprove the theory. The theory or ideology is king....

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Did an NFL player become a profitable house rehab flipper?

Posted by John Reed on

Today’s WSJ says NFL player Kyle Van Noy is a skilled real estate rehab flipper. I was going to check if that was true, but the article fails to give enough information. The key fact that is missing is how much did comparable houses that were not rehabbed go up in value during the same period. Probably about the same. . Hardly any rehab is profitable. Van Noy appears to have spent $320K n renovations to three houses. That is less than the difference between the purchase and sale prices in each case. But A. we do not know the...

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