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Tag Archives: Financial Planning

Never Forget These 10 Investment Rules.

“Psychology is probably the most important factor in the markets, and one that is least understood.” – David Dreman A motive of the financial industry  is to blur the lines between investor and trader. I’m convinced it’s to make investors feel guilty for taking control of their portfolios. After all, Wall Street firms ares the experts with YOUR money. How dare you question them? Sell to take profits, sell to minimize losses, purchase an investment that fits into your risk parameters and...

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Fundamentally Speaking: Earning Season’s Good, Bad & Ugly

Currently, there are few, if any, Wall Street analysts expecting a recession currently, and many are certain of a forthcoming economic growth cycle. Yet, at this time, there are few catalysts supportive of such a resurgence. Economic growth outside of China remains weak Employment growth is going to slow. There is no massive disaster currently to spur a surge in government spending and reconstruction. There isn’t another stimulus package like tax cuts to fuel a boost in corporate earnings...

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The One Chart Every Millennial Should Ignore

The media is full of articles about the financial situation of Millennials in today’s economy. According to numerous surveys, they are saddled with too much debt, can’t secure higher wage-paying jobs, and are financially distressed on many fronts. Moreover, this is occurring during the longest financial and economic boom in the history of the United States. Of course, the media is always there to help by chastising boot-strapped Millennials to dump their savings into the financial markets to...

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10 Financial Planning Rules You Shouldn’t Ignore.

Financial planning is misunderstood. Ask consumers or brokers what financial planning means to them and the conversation steers toward the portfolio or a pitch for investment and insurance products. “I asked for a financial plan –  he gave me a brochure about long-term care insurance.” – Anonymous. So, you’re considering holistic financial planning? I commend you.  Here Are The 10-Rules Rule #1 – Take a holistic approach to every financial decision. Money doesn’t exist in a vacuum; money is...

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Technically Speaking: Everyone Is Swimming In The “Deep End.”

With the market breaking out to all-time highs, the media has started to once again reach for their party hats as headlines suggest clear sailing for investors ahead. After all, why not?   The Federal Reserve cut rates for the 3rd time this year. The Fed is also back in the “QE” game of buying bonds. President Trump has “surrendered” to China in order to end the “trade war.”  Corporate stock buybacks are on track for the second largest year on record. Earnings, due to buybacks, are beating...

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Dow 650,000? We Are Already There!

Just recently, CNBC ran an article touting the call of “Billionaire Investor Ron Baron” of the Dow reaching 650,000 in just 50-years. Billionaire investor Ron Baron sees the Dow at 650,000 in 50 years https://t.co/oPElm0nrHT — CNBC (@CNBC) October 25, 2019 As noted in the article: “Speaking from his annual investment conference in New York, Baron predicted the Dow Jones Industrial Average, based on historical moves over decades, will reach 650,000 in 50 years, with an over $500 trillion...

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Medicare Advantage? A Couple of Things To Consider

It’s that time of year again. Medicare Open Enrollment season began October 15 and runs through December 7th. If you’re Medicare-eligible or in Original Medicare or Medicare Advantage, I’m confident you’re getting bombarded with advertisements and collateral materials. Remember, this is the annual opportunity to review your Medicare Advantage and Prescription Drug D plans to make certain costs and benefits still meet your personal needs. By now, recipients should have received Evidence of...

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Actions You Can Take Now to Reduce Your 2019 Tax Bite

Yes, it’s still a few months before you have to strap on the gloves and step into the ring with the IRS again, but you still have some time to create the maximum amount of legal deductions and reduce the tax bite. Here are some to consider: Adjust your W-4 withholding If you think you’ll owe taxes when you file for 2019, have more money withheld from your check for the rest of the year. A little bit of paperwork with the HR department and a little less in your pocket now can...

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Technically Speaking: 4-Risks To The Bullish View

When I was growing up, my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn’t until much later in life that I learned that such knowledge did not come from books but through experience. One of my favorite pieces of “wisdom” was: “A sure-fire ‘no lose’ proposition is doing exactly the opposite of whatever ‘no lose’ proposition is being proposed.” Of course, back then, he was mostly giving me “life advice” about not following along with my...

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Things You Didn’t Know Were Tax Deductions

Have you ever had that sick feeling in the pit of your stomach when you realize there was a tax deduction you could have taken and didn’t? There’s just something deflating about knowing Uncle Sam got more of your money than he had to. The folks at TurboTax have come up with a list of deductions you shouldn’t overlook:   Sales Tax You have the option of deducting sales taxes or state income taxes off your federal income tax. In states that don’t have an income tax, this can be a big...

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