Dear Daily Reckoning Reader,
I'm excited to introduce you to the Bonner & Partners Family Office -- which is, by far, the most unique effort that Agora has undertaken in its entire 33 years. On that note, this effort also promises to be the most challenging -- and the most beneficial for your family.
That's why my eldest son, Will, and I have created a live-taped webinar with Agora Financial's own Jeffrey Tucker. It's for Agora Financial readers only.
You see, when Jeffrey learned about the Bonner & Partners Family Office -- and how we plan to turn new money into multigenerational old money -- he was intrigued. So he read all about old money, diving into the research.
Amazed at what he found, Jeffrey requested that Will and I sit for an interview so we could explain our findings point by point.
Naturally we were happy to oblige his request -- and we just put the final production touches on that interview...
Thing is, there's an extreme timeliness to this interview. Because the Obama administration rammed through a gruesome, onerous estate tax change that will take effect on New Year's Day 2013.
This law has received precious little attention, but it could end up costing your grandkids as much as $145 million. That's right, it could cost your family a nine-figure sum.
But there's good news: You can prepare for this insane tax grab. You can protect your family from it. But since it will happen in such a short time, it's neecessary for you to act now. Jeffrey, Will and I cover this pressing issue -- and how to beat it -- in your exclusive video interview.
And in this urgent, live-taped video interview, we'll share all of these facts about creating old money:
** You'll see why most rich families aren't very smart about money. And how your family's real danger is becoming one of the "patsy rich"...
** You'll see why you should avoid paying for anything targeted toward rich people -- from "wealth management" services to luxury goods. Because if you want to create an old money family, you can't consume your wealth -- you have to produce it. And these goods and services aren't good, and they really only "serve" to separate you from your money...
** Why you should turn and run away if some Wall Street slickster or salesman calls you a "high net worth individual"... and why these "investment pros" should generally be avoided...
** How Wall Street's true business is to transfer its clients' wealth right from the clients to itself...
** Why carefully controlling your investment costs is just as important as generating consistent, healthy returns... and how cutting these costs by as little as 1% per year can mean millions of dollars to your grandchildren...
And here are some more old money secrets we'll cover in your free webinar:
The hedge fund death trap... why you ought to "shirk off" some big wealth-creating responsibilities onto the younger adults in your family... why some of the most conservative long-term investments can seem very risky in the short term... why right now is the most urgent -- and best -- time in your lifetime to create old money...
Why most rich families will become poor families in the span of a single generation... how, many times, stocks that investors sell perform far better than the stocks they buy... why, over long time frames, some risks become outright certainties...why smart old money families do not invest "conservatively"... and more.
So if that information sounds interesting to you, I urge you to sign up to profit from the free webinar right now. You can do that by clicking here.
Once you sign up, I'll email you everything you need to know about watching your Bonner & Partners Family Office webinar including what day and time it airs... so act now to secure your spot.
To your family's future,
Bill Bonner
Founder, Agora Publishing
P.S. This webinar will be online for only another two weeks. After that, we'll remove it from the Internet in order to keep the information as private and privileged as possible. That's why, if you're interested, you ought to click here to reserve your spot right now.
And as I said, there's an element of added urgency. Because that massive estate tax increase will hit on Jan. 1, 2013. We'll show you how to protect your family from that multimillion-dollar disaster in your emergency webinar. Don't delay -- sign up while it's still fresh on your mind.
