WineNight-2018

What Losing $250,000 Taught Me — Part 1

Whenever I speak at an event, I often include the story of how I lost a big chunk of money in a bad investment. Why do I share this, when it could potentially cause people to doubt my judgement and skill as an investor?

Stop Asking Children These Seven Questions

I recently started receiving Ozan Varol’s weekly blog posts.  He is a self-proclaimed contrarian thinker.  A few weeks ago, he sent this post on seven questions to stop asking children.  The questions are terrific!  I wish I had this 26 years ago to have made family dinner time with our four kids even more productive and interesting.

A Nice Day for a White Wedding

It was more of a white day for a nice wedding.  My oldest son, Hayden, was married on March 24th at Donner Lake.  While being married on a lake sounds like a wonderful idea, for those of you not familiar with Donner Lake, it lies smack in the middle of the...

My Dinner with Dinesh

My wife Tanja and I had the honor of meeting and getting to hear from one of my idols, Dinesh D’Souza, at a dinner function a few weeks ago.  Dinesh is an immigrant from Mumbai, India (formerly Bombay), and has had a very interesting career here in the United States where he has been a citizen for more than 27 years.

Capital Gains Loophole You Should Know About

Did you know that if you have an investment property you want to sell, but you don’t want to pay taxes on the capital gain, you can do what’s called a “1031 Exchange” and have the taxes deferred? That nice ol’ government agency that we all know and love — the IRS —...

The Greatest Gift to Leave Your Grandchild

What if I told you that you could give your children, grandchildren, and even your great-grandchildren an incredible, one-time gift that allows them to invest and compound money over their entire lifetime, completely tax-free? 

Fresh Perspective for the EPA

It is really refreshing to hear Scott Pruitt, administrator of the Environmental Protection Agency, speak about helping the American people by being our partner rather than our adversary.  The government is in place to serve and protect us, and to keep the law of the...

Do You Know Why Fannie Mae Is #1 in the World?

I don’t know if I am impressed or appalled by the fact that Fannie Mae and Freddie Mac are in the #1 and #3 positions in the world for the amount of money they make per employee.  If the record was set by a private or public business, I would be impressed — as long as...

Not Just for the Rich: The Importance of Trusts

This week is all about trusts: Who needs them?  How much do they cost?  How much work are they — really?  The short answers?  The majority of adult Americans need a trust.  They cost a few thousand dollars, but this small investment outweighs the devastating financial...

Why Do You Have to Know How Much Money I Make?

How much money do you have?  How much money do you make?  Why is it my business to know any of that stuff?  That’s what someone asked us the other day when he was ready to invest into one of our funds. We wish it didn’t have to be our “business,” but the U.S....

Airman Hughes

My family and I just returned from a wonderful experience.  My oldest son, Hayden, just graduated from his basic training in the United States Air Force.  He is now known as Airman Hughes. I was told by a few others who had gone through the experience with a family...

Guardian Continues to Evolve and Get Better

Many of you in the small business world will not be surprised to hear that the Guardian investment model continues to evolve, always for the better, and in exciting ways for investors. As I was thinking about the word “evolution,” a funny personal story comes to...

Reverse Mortgages Debunked!

This week we’re bringing you an in-depth video where experienced mortgage broker, John Terveer, debunks the myths surrounding reverse mortgages and explains how they can be a useful tool in many situations.  This video is a recording of one of Hughes Private Capital’s...

You Are a Survivor

Here’s a little bit of fun this Saturday: a look back for those of us who can remember the good ol’ days when we didn’t wear seatbelts or have Xboxes and spent all day outside, running around the neighborhood.

Free Market Is Always the Winner

This is what we talk about all the time: free markets almost always trump the government.  Walter Williams, in the following article, does a great job of explaining why.  For me, the free market always wins not just because of what Mr. Williams says, but also because...

As I Awoke

I awoke late on Sunday morning — it was after 9 a.m.  Tanja and I had stayed up way past our bedtime watching the first six episodes of the new season of House of Cards, and I was jolted awake by my 100-pound, 4-year-old German Shepherd, having his 20th or 30th (I...

Captured!

I had a realization the other day, that anytime I think of government, I think “bad,” I think “enemy.”  I don’t see a solution, I can only see problems.  But I already knew that.  What hit me was the fact that it must be exactly the opposite for people who believe...

The Investing Option Advisors Don’t Want You to Know About

Why is it such a big secret?  Most financial advisors don’t tell their clients about it, because it takes dollars away from their managed accounts.  To be fair, not all financial advisors are guilty.  Those who are looking out for their clients’ best interests will...

A Friend’s “Coming Out” Letter Inspires Us All

He is a fearless leader of exceptional character, and for the past two years, he’s been hiding something that few of us can understand. At a recent semi-annual business networking group meeting, H. Quincy Long, one of the group leaders, “came out of the closet,” as he…

How to Tell when Someone Is Lying

Q: How can you tell when a teenager -- or a politician -- is lying? A: Their lips are moving. Okay, seriously.  How can you tell when a teenager is lying to you?  The article below by Dr. Travis Bradberry, best-selling author and expert in emotional intelligence tests...

You Are All Wrong, You Are All Right

Every month, I look forward to the economic outlook article in Tom Henderson’s newsletter, and I like to share it with our readers as well.  Tom has a way of using straight talk to break down complex subjects into simple terms.  It usually isn’t much more complicated...

Not Everything Goes as Planned

There’s just no way around it: not everything works out the way we planned.  In fact, when life just seems to be a series of ebbs and flows, I sometimes wonder if anything has ever worked out as planned.  As CEO of Hughes Private Capital and co-manager of our...

Airbnb Fights Back

This is an interesting way to fight back.  Airbnb is going to build their own apartments and lease them out to tenants who can, in turn, rent them out to Airbnb guests. There have been multiple attacks on Airbnb operators in various states and cities as of late — from...

Use the Wrong Pronoun, Go to Jail

In none other than the progressive blue state of California, it is now written in the Health and Safety Code for nursing homes and long-term care facilities that if you repeatedly use the wrong pronoun you can be sentenced to up to one year in prison. Is it just me,...

My Friend Debt

Like a great spouse, the “good” kind of debt (or leverage) can be your best friend when it comes to investing.  And, like a not-so-great spouse, it can also be the friend you wish you had never met.  Successfully leveraging debt has made many people fabulously...

One Last Mission: The Journey of a Lifetime

There are few things in life that make such a long-lasting impression they will stay with you forever. Recently, I was fortunate to have had such an experience when I accompanied 32 veterans to Washington, D.C. to visit their war memorials.  It was a whirlwind...

Hughberry Leadership Opportunity: Send Us Your Candidates!

Hughberry, our senior assisted living company, is gearing up to welcome its share of “Silver Tsunami-ites” with beautiful, private, well-staffed assisted living residences.  As the company continues to expand, we are seeking an entrepreneurial, experienced, passionate...

The Phone Call that Brought the Lady to Tears

A lady we contacted a few weeks ago was crying by the time we were done with the phone call.  The good news is, they were tears of joy and not of sadness.  Although her reaction was maybe more emotional than what we are used to, it wasn’t necessarily surprising....

How do you know you can trust us?

How many times have you heard someone tell you that they are honest?  And it usually doesn’t stop there.  Nope – after assuring you that they’re honest, they feel the need to go into all the reasons why they are so honest, how much they believe in integrity, and on...

Blockbuster Movie Flaw – Did You Catch It?

Several years ago, a Hollywood movie dominated theaters and raked in millions of dollars despite a serious but largely unnoticed flaw in the plot.  Did you catch it?  I didn’t, but Jason Morris, our very smart estate attorney and this week’s guest writer, did.  Let me...

Could Your Roth IRA Be Better than a Sleeping Pill?

It has been declared by the Harvard Business School that Roth IRAs are the clear winner over traditional IRAs, but it’s probably not for the reasons you might guess.  For some time now, I have also believed that Roth IRAs are better — but for a different reason...

Reconsidering the American Dream

Following the Great Recession, the American dream of homeownership was progressively sliding downward.  Now, the dream is back and continues on an upward climb. Figures show that from 2015 to 2016, the number of non-homeowners (mostly renters) looking to purchase...

Buy a Street, Charge a Toll

Sometimes we have to pass along articles just for the entertainment value, but at least this article is real estate-based.  Fox News reported that an entire street in San Francisco has been sold at a tax auction for a mere $90,000.  Sounds like a good investment,...

3 Ways to Make Money with Real Estate

Owning income-producing real estate can be a lucrative investment.  But have you ever stopped to think about how and where your money is actually made?  One of the big advantages of owning income-producing real estate is that it allows an investor to receive a return...

Yellen’s Prediction a Little “Off”

I have great news!  All of you out there who are worried about another economic downturn can rest easy.  Janet Yellen said there’s no reason to worry about another financial crisis, so it must be true.  If only it were that easy! How old does she think I am?  I just...

Biggest Little Cup Fundraiser & Golf Tournament

We were proud to sponsor the first-ever Biggest Little Cup Fundraiser & Golf Tournament benefitting The Club at ArrowCreek. Golfers had a tee-rific time playing the beautiful 18-hole course while enjoying the hosted cocktails, gifts, contest and prizes. A few lucky participants also won big during the first Helicopter Golf Ball Drop.

What’s Better—Owning or Renting?

I have been having this discussion with my 25-year-old daughter, Kayla, for about the last year.  Should she buy a home or just keep renting?  Tradition says, “Own your home and don’t throw money down the drain on rent.”  You will have the pride of homeownership and...

How Does Your State Rank?

Are people fleeing your state or moving in?  What is your overall tax burden compared to the other 49 states?  What is your state’s economic outlook based on 15 variables that are highly influenced by your state legislature?  Those questions, and a few more, are...

Give a Man a Fish…

A few weeks back, we talked about Takers and Producers.  Below is another example of what good can happen when we take action to eliminate pure giveaways in our society… to stop the enablement of the Takers.  Deep down, it is our human nature to want to work and be...

The Lawyer or Zillow: Who’s Right?

Back in the good old days, Real Estate Agents had all the power.  They had information that no one else had, so you had no choice but to hire an agent if you wanted to buy or sell real estate.  On the rare occasion I could get my hands on one of the MLS books that...

Who Really Sells Gas to 7-Eleven?

For years, I have been under the impression that the gas sold at 7-Eleven was owned by Venezuela.  This assumption led me to believe that purchasing their gas would be supporting the previous dictatorship regime of Hugo Chavez, which led me to take my business...

Las Vegas Olympics: Worth a Trip to the ER?

9 events, 3 competitors, 1 concussion If you read my email a few weeks ago, I told you about how I hit my back against the wall playing racquetball and had to go to the emergency room for what I thought was a stroke!  (No worries, it ended up being a concussion). ...

What is so Great About Income Producing Real Estate?

I learned this lesson the hard way beginning back in 2007.  Actually, I didn’t really grasp it in its entirety until much later, but it was eventually learned and it was painful. Back in 2007, times were a little nuts.  This was when real estate was flying and there...

Good News for the Economy

I can’t believe what I am reading lately.  After 8 years of liberal policies, I guess I forgot what it’s like to see more conservative actions taken by the federal government. President Trump vowed to get rid of two regulations for every new regulation proposed.  I...

Senior Assisted Living -Head of Business Development

We’re looking for a partner/business development consultant to help us build our senior assisted living business.  This is not a very structured position and can partly be what you make it.  We are really looking for a go-getter who wants to take charge and run this...

Don’t Open Unless You Want to Chuckle

I don’t normally send out YouTube videos to watch, but when I do, they are funny.  This post is nothing but fun and will put a smile on your face.  My friend Tom Baker sent me this video of a hilarious skit from Saturday Night Live about the use of Amazon’s “Alexa.”...

Where WIll They Live?

The housing market is going through some interesting times right now. Below is an article about how homebuilders are not building starter homes because there isn’t enough profit in doing so. They don’t make as much as they can when they are building more median-priced homes. This is leaving the younger generation with a lack of affordable starter homes to choose from.




Home Price Increases: Are They Sustainable?

One of the best indicators of the sustainability of home prices is the ratio between income and home prices.  If home prices rise faster and higher than homebuyers’ incomes, potential homebuyers can’t afford as much, which puts pressure on sellers to lower their price...

Our Special Event Gets Us All High

Steve and I got high with 12 of our friends last week, then we all visited the most top-of-the-line hangar in town and drove to lunch at ArrowCreek because we were starving. Okay, that may be one of the best titles I have ever used for an article!  I bet it got you to...

“Comeback Cities” – Is Yours One of Them?

Realtor.com published an article about the 10 biggest comeback cities in the U.S., and Reno comes in at #10.  It appears they have done their research, except for one thing, and that is what they say about Reno. I guess it only sells or is interesting if they put...

I Thought I Had a Stroke

I recently had to visit the emergency room here in Reno.  I was lightheaded, I had a foggy brain and I thought I might have had a stroke.  I had met with some investors at 10:00 that morning, and, during the meeting, I couldn’t remember the name of our fund Guardian....

Dao vs. United Airlines vs. US Government

All right, I tried to stay out of this mess and not comment on the United Airlines debacle, but now I can’t help myself after reading this in the WSJ today: Lawmakers Put Heat on Airlines House members tell United and rivals to treat fliers better or face new...

Your Credit Score is Getting an Overhaul

This doesn’t happen often, but the three big credit bureaus have agreed to change the rules as to how your credit score is, well…scored.  Like any other large established business, they are slow to change.  But, they are finally making some improvements that will...

Compounding Money While You Sleep

Have you ever looked at a compounding chart?  I was fortunate enough to be handed a compounding chart when I was 20 years old by a stock broker at Dean Witter.  It really opened my eyes.  Below is a compounding chart that I made for my youngest child when he was 9...

The Underworld of Seller Financing

Did you know that there is an underworld of seller financing alive and strong out there?  Chances are, you probably haven’t given it much thought. We are familiar with this concept because it is one of the worlds we do business in.  Now, you might be wondering why I...

If I Can Survive 25 Missions, I Get to Go Home

What do you get when you take six friends and go for a ride in a B-17 Bomber?  A whole lot of fun and a mini history lesson! We had the fortunate opportunity to go fly in one of just two B-17 Bombers that have been restored and are allowed to fly around with people in...

Take Responsibility

Are we becoming a nation of people who never want to take responsibility for anything? The newest attempt at a law here in Nevada is to seal eviction records for 60 days. Here is the write up from the NVAR: AB107 would provide that eviction records, from the affidavit...

InvestX: Shortcuts to Savvy Investing

What do you get when you combine a wealth consultant, a tax structure guru, a family trust advisor, a legacy and family wealth planner, and a real estate investment strategist with a room full of investors? The answer is an unbeatable educational experience called InvestX.

Do You Own Any Rental Homes?

If you do, you might want to keep an eye on Portland, OR.  Let’s say you need to (or just want to) raise your rent.  Not so fast, you big, bad, filthy rich landlord.  In Portland, they are going to charge you $2,900 to $4,500 for raising the rent on your rental...

Warren Buffett’s Million Dollar Bet

Just over 9 years ago, Mr. Warren Buffett made a $1M bet with the asset manager from Protégé Partners that his chosen index fund could outperform their chosen group of hedge funds over 10 years.  Come December 31st of this year, it looks like Buffett will win his bet....

There is Change in the Air for 2017

This year, 2017, is going to be a different type of year for Hughes Private Capital and the funds we manage.  2016 was a busy, pivotal year and we are extremely excited about what we have built for 2017 and beyond.  There are a few changes we want to update you on....

Can a Law Make a Dishonest Person Honest?

Every time we hand our Offering Memorandum to an investor, we say, “This tells you how you are going to lose all your money.”  In 60 pages of boring, nauseating, repetitive statements, it basically explains how everything can go bad. Do you really think investors need...

Do You Trust the Mass Media?

For the most part, 68% of Americans don’t trust the mass media, as shown by a new Gallup poll.  Does that really come as a surprise to any of you?  If it does, you should try listening to multiple sources on the same stories and see how differently they are reported....

Protectionism and its Unintended Consequences

“It’s the economy, stupid.”  Some of you may remember that phrase, coined by James Carville for Bill Clinton’s campaign.  Well, in all my brilliance, I am coining a new one: “It’s the free market, stupid.” Tom Henderson has done it again with a great article...

I was Nervous to Be at Sea

Two weeks ago, my wife, Tanja, and I set sail on a Carnival Cruise out of Galveston, Texas headed for three Caribbean islands.  This was our second cruise ever, lasting 7 days -- twice as long as our first one. I am not normally a nervous traveler, and the ship...

Is It Our Right or a Privilege?

This article by Tom Henderson is so spot on, so I wanted to share it with you today.  This is the part that scares me about the government: both sides seem to have forgotten about the importance of free markets.  The government is not here to help, they are here to...

A Fascinating Set of Maps

This blog is more for fun than anything.  Here are 18 maps showing different ways the world breaks down.  If you ever wondered in what countries people drive on the left side of the road, where to get Big Macs, who uses the metric system, or even how many countries...

Make Us Proud, Tesla

I would like to share an article with you that appeared in Bloomberg recently about flipping the switch on the world’s biggest factory to date, the Tesla gigafactory.  The building’s location was so affectionately referred to as the “scrubland outside of Reno, NV.” ...

How Does Yale Invest its $25.6 BILLION Endowment?

Can you guess the answer?  They invest in alternative, or non-traditional, investments!  In fact, 87.5% of their investments are categorized as non-traditional according to Yale’s 2015 report. Wouldn’t you think just the opposite?  I don’t know much about endowments,...

The Good Old Days

This is an advertisement from the The Owosso Argus-Press – Jan 26, 1970. Look at those prices! A pound of bacon for just $0.67.

How Idiotic Can You Get?

You decide the answer to that question after reading this article published in The New York Times (big surprise there) about considering climate change when buying a home.

Whoville to Rent to Ownville

How would you feel if you made plenty of money to afford a home, but you were not able to get approved for a loan because you were self-employed? Or what if you paid all your bills all your life, but a medical issue forced you into bankruptcy, and now you can’t get financing to buy a home?

Wealth Inequality: Another Perspective

Again the collectivist economists and followers are touting the increase of income and wealth inequality gap of the top 1% as a reason to raise taxes or to promote some wealth redistribution program.

The Time Value of Time?

I wanted to share this interesting article about “time discounting” written by Robert M. Sapolsky in the Wall Street Journal. I have discussed the “time value of money” before, but what about the “time value of time”?

Follow-Up to Losing $400K

A few weeks ago, I sent out an article sharing how Verne Harnish lost $400,000 on a wire scam.  Literally-- POOF -- $400,000 of his hard earned money was gone.  Here is a link to that previous article in case you missed it: Defrauded out of $400,000 I wanted to share...

Why Do Women Make Less Than Men?

It’s a fact many of us are familiar with: Women make 77 cents for every dollar a man makes. If you take all full-time workers and divide the median annual earnings of women by the median annual earnings of men, it does equal .77.

A Glimmer of Hope in a Sea of Regulations

The Consumer Financial Protection Bureau was recently ruled as having an illegal structure by the US Court of Appeals for the DC Circuit.  The court wrote in its decision: “Indeed, other than the President, the Director of the CFPB is the single most powerful official...

Defrauded out of $400,000

I follow Verne Harnish’s weekly blog. Verne is the founder and CEO of Gazelles, Inc., a very successful consulting business that provides “executive education” for high-growth companies around the world. He is also one of the original founders of YEO (Young Entrepreneurs’ Organization).

Hamburgers Pay for Real Estate

I have always heard and re-told the story of how McDonald’s isn’t in the business of selling hamburgers, but is really in the business of owning real estate.

Which is a Better Investment?

We compared financing packages the other day for a senior assisted living property we are considering buying.  Here are our options: How do we choose?  They both have fixed interest rates for 15 years, and both are due in 15 years.  The interest rates are slightly...

A 13.6% Return Without Risk?

We recently opened a new fund to purchase re-performing notes. As we worked through the downside of the fund, because that is the most important part, the same question kept coming up between Steve and I. “Why does this seem too good to be true?”

Volatility Robs Your Portfolio

A common way that investors attempt to protect their capital from the whims of equity markets is to allocate some of their money to alternative investments.