Do you want to know some interesting facts about market corrections and storms…? Especially this most recent one! 1. There has never been a correction in the overall market that has not proven to be an investment opportunity. 2. When positions are down in price, it can be difficult or painful to watch. However, if […]
AUGUST 2007 I don’t like being redundant: but I think it is a good time for a little reminder regarding some actions that need to be taking place in one’s portfolio in order to be successful. ASSET ALLOCATION Based on the ground-breaking 1986 study by Brinson, Hood and Beebower, more than 93% of long-term institutional […]
In another, “See I told you so moment”, Sara Hoffman, of Investment News, is reporting thatmajor losses at many prominent hedge funds are finally causing pension fund managers to second guess hedge fund investments. The Wall Street Journal reported that hedge funds managed by Goldman Sachs Group Inc. and AQR Capital Management, among others, have […]
The pundits argue that we are a nation divided. Presidential candidate John “never met a doctor I didn’t want to sue” Edwards preaches the gospel of two Americas. I am going to surprise everyone reading this and agree. We are a nation divided into two distinct camps… People who loved the ending of the Sopranos, […]
Break out the party hats and noisemakers! The Dow has hit 14,000. At the July 19th close, Maria Bartoromo of CNBC looked as if she just received a 500% raise, stock options, a G5 and Marty McFly’s DeLorean time machine to take her back to “go-go 90’s”. When it looked as if the milestone wasn’t […]
One bit of advice that I have given on the radio show that tends to raise eyebrows is my belief that you should try to eliminate your home as a retirement vehicle. There is an urban myth out there that money spent, or as some state to justify their actions, “invest” on ones primary residence […]
Eerily reminiscent of the impossible to kill serial slasher Jason Voorhees from the Friday the 13th’ film series…Random tax audits are coming back this fall, just in time for Halloween. Trick or treat! Like the indiscriminate slasher Jason, The Wall Street Journal reports that the Internal Revenue Service is planning to resuscitate the morbid practice […]
Elaine Robertson Demby of Wealth Manager writes, “Throughout history people have valued land for what they could do with it: Hunt on it; farm it; build a residence, office building or factory on it. But with careful planning and the right mindset, land today can be valued for what its owners cannot do with it.” […]
John Donofrio of Donofrio Inc. has emerged from the “Tax Cave,” a top secret location that he walls himself in during the months leading up to tax day. (Rumor has it; he has not showered or shaved in three months.) John is here to enlighten/scare us with another installment of Tales from the Crypt. I […]
So 2006 is history! Nothing you can do about that tax bill but there is plenty you can do to prepare for this year. The following are a few easy-to-do strategies to make April 15, 2008 a little more pleasant and possibly less costly. Get Organized Create a folder for the 2007 tax year and […]