Don’t Put All Your Eggs in One Basket
Many sectors are negatively correlated, so by diversifying your portfolio you may be able to better weather a market downturn.
How Do You Choose a Consultant?
A consultant can help you identify your problem, devise a solution, and then implements it or train you to do so. In order to get the most benefit out of a consultant, you must know how to seek out the best fit for you.
Seeking Unbiased Advice from Your Financial Planner
If you are seeking to develop a long-term relationship with a financial adviser, we suggest you understand the motivation behind the advice you are given.
Do-It-Yourself Financial Planning
If you intend to create your own financial plan, we suggest consulting an insurance agent, a tax adviser and an estate planning attorney in addition to establishing your savings plan.
Tax Breaks for Home Mortgage Interest
Home mortgage interest can provide a very large tax deduction. You also may be able to transform nondeductible expenses into fully deductible interest by using your home as collateral for the loan.
Taxpayers Become Victims of E-mail Scam
The U.S. Treasury Department’s Electronic Federal Tax Payment System is a safe and convenient way to file and pay your taxes online. However, beware of email scams claiming your credit card has been enrolled to pay taxes due.
Dealing with Investment Risk
Every investor needs to know investing in the stock market requires a thorough understanding of the risks involved. With any investment there is a risk-return trade off based on a degree of uncertainty—the greater the risk, the greater the potential for return if that risk pays off.
Margin Trading
When an investor purchases securities, the securities may be paid in full, or part of the purchase price can be borrowed from a brokerage firm. If funds are borrowed, an investor is trading “on margin.” In order to trade on margin, an investor must open a margin account.
Independent Contractor versus Employee
The good news is your small business has really taken off. The bad news is you need to hire help! The kind of help you hire is an important business decision.
Spin-Offs
A spin-off occurs when a parent company divests itself of a subsidiary or a division of the company. The subsidiary or division then becomes a separate, independent company.