Don’t you sometimes which that you had the big wigs at Harvard and Yale to manage your stock portfolio so that you can yield above average returns. Well keep reading and you will finally know how easy it is to yet a monster stock market portfolio like the gurus.
Rich Guys Modified Harvard and Yale Stock Portfolio
45% Domestic equity
Vanguard Total [...] Continue Reading…
From 2008-2010 investors that fall in the low and gifted 10% or 15% tax brackets will have great capital gains benefits.
For the next three years from 2008 to 2010 in the tax brackets of 10% or 15% will not have to pay anything on qualified long-term capital gains and qualified dividends. In the above tax brackets to familiar 15% [...] Continue Reading…
While consulting a tax adviser I was given some pointers on some common tax deductions that can be made but sometimes are over looked. Some need to be itemized while others do not need to be itemized.
Common Federal Tax Deductions that needn’t be itemized
Capital losses which are realized losses that can offset unlimited capital gains or $3,000 in income.
Retirement [...] Continue Reading…
2008 is here and along with a new year, there are changes. IRA-related legislative changes for 2008 are now as follows:
You can now roll assets directly from a 401(k) to a Roth IRA - In the past you first had to through funds into a traditional IRA and then convert it into a Roth IRA. It makes the [...] Continue Reading…
Men’s Health gives us four steps to retiring rich. Some of the tips (the first two) come from the author’s discussion with Mr. Warren Buffett.
Here the list:
RULE 1: Instead of trying to time the market, try to tie it. Unless you’re a top sensei yourself, don’t try to beat the market. Instead, cast the widest net possible using index [...] Continue Reading…
There was a great post today at Get Rich Slowly that answers how investing in low fee index funds generates up to 33% more in savings.
Using a comparison between low fee index funds with no-load versus class-A mutual funds that do have load fees plus management fees tied to them. You lose up to 33% in fees right off [...] Continue Reading…
The debate is in and it is a very touchy and personal decision.
First let’s talk about the pure proud feeling of knowing that you finished paying off for your house. Another factor would be that you would be reducing your mortgage term significantly. Another factor that you have to include is that all interests that you pay towards [...] Continue Reading…
A house or real estate property is by far the best investment to make if you can afford to right now.
Benefits of Owning a House or Real Estate Property
Forces you to put away money in the form of mortgage payments.
Houses generally and mostly do not go up and down as the stock market does.
Most of the time a house [...] Continue Reading…
Being frugal should always be top on your list in order to be retire early.
Steps for early retirement
Be very Frugal. Live below your means and don’t pay for anything that you don’t have to.
Use coupons for everything.
Ride a bike to your destination or car pool.
Send your child/children to public school instead of private school. Major money saver here.
Use credit [...] Continue Reading…
I recently had a huge problem with a home that I purchased in Orlando, Florida. About 6 months they raised my house taxes and my mortgage payments jumped by $800.00 per month. Talk about a disaster because that is enough to be another rent payment.
Now fast forward to today and when I logged into my Countrywide account to schedule [...] Continue Reading…