1. MONEY Master the Game
Tony Robbins

2. Tony Robbins Entrepreneur Motivational Speaker Business Strategist
Philanthropist
Multi-Millionaire/Billionaire
Author: Money – Master the Game Book & 6 Earlier Books

3. 7 Steps to Financial Freedom
Be an investor (Miracle of Compounding)
Know the Rules (Cost of Investing/Hidden Fees)
Setting Realistic Goals
Asset Allocation, Diversification, Cost
Lifetime Income Plan
Invest Like the .001% - Billionaires
Enjoy a Better Life - Philanthropy

4. Myths
Invest in Actively Managed Mutual Funds –Truth: 96% Fail to beat S&P Index (14 years Mutual Funds 2.59% vs S&P 9.38%)
Mutual Funds Are Cheap – Truth: Fees Average 3.17% (2 % over 10 years = 28%)
Published Mutual Fund Returns – Truth: Time Weighted Returns vs Dollar Weighted Returns (Time Weighted 0 % vs Dollar Weighted -43 %!)
Broker Here to Help – Truth: Broker is not Your Friend (Broker Yachts vs Customer Yachts or 49 % of Mutual Fund Managers own 0 % of Funds)

5. THE BROKER

6. Myths
Retirement is a 401K Away – Truth: Fees take up 50/70 Percent of Income (DOL Audits Fined 75 % of Funds Audited (Fees 3.1% Forbes)
Target Date Funds Just Do It & Forget It – Truth: High Fees, Exception Vanguard
I Hate Annuities and So Should You – Truth: Life-Time Annuities, Roth IRA, Fixed Index Annuities, PPLI are Good. Variable Annuities Have High Fees, 4.8% except Vanguard & TIAA-CREF(Ben Bernanke’s Two Largest Holdings are Annuities)

7. 401K FEES

8. Myths
You Have to Take Huge Risks to get Big Rewards – Truth: Structured Notes, Market Linked CDs, Fixed Index Annuities, Protect Principle (Warren Buffet – Don’t Lose Money, Rule 2 See Rule 1)

9. The Percent
BILLIONAIRES

10. David Swenson Yale Endowment Portfolio Manager
$1B to $23.9 B in 27 years
13.9 % Annual Return
Portfolio
20 % Wilshire Total Market
20 % FTSE Market All REIT
20 % MSCI ACWI ex USA
15 % Barclays US Long Credit
15 % US Treasury Tips
10 % MSCI EM PR USD

11. David Swenson Notable Comments:
Investors Interest TIAA-CREF & Vanguard
Mutual Funds Far Worse than Publicized
Levers: Asset Allocation, Proportions, Timing
Believes Asset Allocation > 100 %
Diversification is a Free Lunch
Index Funds are Maximum Diversification
Tax-Advantage Investment 401K, Roth IRA,etc
Never Underestimate the US Economy

12. Ray Dalio Bridgewater Investments $160 B Under Management
9.88 % Net Annual Return Over 40 Years in All Weather Portfolio
6 Losing Years Avg %, Worst 3.9%
Market Timing is Playing Poker With the Best Players in the World
All Seasons Portfolio More Than Doubled the Performance of the S&P between 2000 & 2014

13. Ray Dalio Portfolio 30 % Stock, S&P 500 15 % Intermediate Bonds
40 % Long-Term Bonds
7.5 % Gold
7.5 % Commodities

14. Ray Dalio Stocks are 3 Times Riskier Than Bonds
S&P Lost 9 Times in 40 Years with a Total Loss of 134 % while Bonds lost 3 Times with a Loss of 6 %
50/50 Portfolio is like having 95 percent of Your Risk in Stock, Money & Risk not balanced
4 Factors Effect the Price of Assets
Inflation, Deflation, Economic Growth &Declining Economic Growth

15. Mark Faber PHD Economics Member of Barron’s Roundtable
Publisher of Gloom, Boom & Doom Report
Since 2000, Annual Return of 23 %
Emerging Market Bonds Act Like Equities
Portfolio
30 % Cash & Bonds
20 % Stock
30 % Real Estate
20 % Gold

16. Paul Tudor Jones Tudor Investment Corporation $13 Billion Fund
28 Years Without a Loss Including 2008
Number 1 Risk Control Factors are Diversification & Asset Allocation
Uses Heavily the 200 Day Moving Average
Philosophy: Five to One, Risk vs Reward, Allows Him to be Wrong 80 % of the Time
Anticipation is the Ultimate Power

17. Other Investment Gurus
Warren Buffett
John Bogle
Kyle Bass
Charles Schwab
Carl Icahn
T. Boone Pickens
Sir John Templeton
David Einhorn

18. WISDOMS Have a Strategy & Plan
Never Lose Money, Second Rule See Rule 1 (50 % loss Requires a 100 % Gain)
Invest at the Maximum of Pessimism (Blood in the Water)
When Going Well, Human Nature Takes Over, Meltdown People Run for Cover. Discipline is Essential in Investing, Dollar Cost Averaging
Risk Control (Risk vs Reward)
Knowledge is Potential, Execution is Mastery
Diversification, Asset Allocation, Cost & Tax Efficiency
Power of Compounding (for 7 Remember the 72 Rule)
However the Strategy, Look at the Results
Very Few Beat the Market (10 %, Shoot %)
Taking Huge Risks For Maximum Rewards – Not a Good Idea