Bonds are boring. But smart investors use them for diversification. Understanding some basics will help you evaluate the risks and rewards of owning bonds in your portfolio. What is a Bond? A bond is essentially an “IOU.” You become a bondholder when you lend money to the government, a corporation, or a municipality. In...
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Americans need financial advice they can trust. Given the complexity of the financial world and the shell game of financial salesmanship, it is no wonder so many Americans are confused. When it comes to financial planning, few industry professionals actually sit on their client’s side of the table and uphold a fiduciary responsibility to...
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The Dow set a new all-time high last Tuesday. While most investors follow the numbers from the Dow Jones Industrial Average index, they are most likely invested in funds that mimic the S&P 500. However, neither index represents a diversified portfolio. Diversified investors often see positive market returns, even when these indexes are struggling....
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Stock brokers and investors often look at certain fundamental information about a stock when determining if that stock is a good stock to purchase. One of those fundamental indicators is the “P/E ratio” of a stock. While we favor low P/E stocks, often called value stocks, buying a stock simply because it has a...
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If the tax-free growth of a Roth IRA wasn’t enough to wet your appetite, the estate planning benefits it offers should seal the deal. Bequeathing a Roth is much the same as setting up a life-time tax-free stream of income for your heirs. Because Uncle Sam has already taken his cut of the principal...
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Since its inception in 1998, the Roth IRA has been off limits to those with high incomes. Thanks to the Tax Increase Prevention and Reconciliation Act (TIPRA) signed by President Bush in May 2006, wealthy Americans will be allowed to convert their traditional IRAs to Roth IRAs beginning in 2010. There are years and...
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Albert Einstein referred to compound interest as “the greatest mathematical discovery of all time.” However, earning compounding interest in a tax free environment is even better. Individual Retirement Accounts were created to give Americans an incentive to save for retirement by combining the benefits of compounding interest with a favorable tax status. While both...
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The nation’s first Labor Day celebrations were held by the Central Labor Union in New York City in 1882. By 1894 every state was celebrating the accomplishments of American workers. While all states claim to be pro-labor, some have proven more effective at creating jobs for their labor force than others. Jobs follow economic...
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Qualified 529 Spending (2006-08-28) by David John MarottaThe University of Virginia is back in session and Charlottesville was crowded with students last week stocking up for college. Total cost for attendance this year at UVa is estimated at $17,764 for Virginians and $35,644 for non-residents. While most of the bills can be paid from...
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Before reverse mortgages, pensioners wishing to tap into home equity were presented with two options: either sell the house or get a home equity loan. But since their humble beginnings in the late ‘80s, reverse mortgages provided seniors with an additional tool for accessing home equity. The going offer: get cash now, make no...
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Much of my financial instincts were developed watching my parents manage money on a daily basis. Even now, one of the highest compliments that I can be paid is for someone to say, “The apple didn’t fall far from the tree.” Last week my father authored specific examples of contrarian investing. This week I’d...
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