Sunday, October 3, 2010
Financial Life Choices
In planning your Financial Future one size does not fit all. Spend some time do some research and reach out to a professional. That old quote stands true "nobody plans to fail but people fail to plan". Take some time and think were you want to be 10, 20, 30, 40 years from now and put a plan in place today to help yourself get there. Make sure your Finances are in line with your Financial Goals.
Thursday, September 16, 2010
5 Reasons why you should invest in the stock market
5 Reasons why you should invest in the stock market
Investing in the stock market is one of the most lucrative ways of earning easy money without having to work very hard for it. If rising debt is giving you sleepless nights or you are unable to pay your mortgage installments, then you can consider earning extra money from the stock market to pay off all your debts. Thus, before considering mortgage modification, it would be better to consider earning some profit from the stock market and using it to pay off the mortgage. This however, is not the only reason for which you should invest in the stock market.
If you have been contemplating the idea of investing in stocks but still haven’t managed to convince yourself, then here are a few reasons that help you take the decision of investing finally.
1. Easy money: Investing in stocks can give you easy money and huge returns. You can gain a huge amount even when you have invested very little. Thus, if you have scarcity of money, you can still invest little and make money out of it.
2. Regular income with long term return: You can earn regularly from stocks while investing in them for a very long term. You can hold the stocks as long as you want if you are doing delivery based trading. If you give the stocks enough time to appreciate then you will greatly gain from your long term investment. You can earn by buying a stock at a lower price and then selling it at a higher price, again buying it when the price reduces.
3. Earnings from dividend offerings: At regular intervals dividends are offered by some companies. This is done to distribute the profit of the company among the investors of the company. Thus, you can also earn from dividend stocks by investing in them.
4. Has no lock in period: Stock market investments have no lock in period. A lock in period implies that you have to sell the stocks within a particular period of time. In this case there is no time frame in which you have to sell the stocks. Thus, you can sell when you want. This helps you earn maximum benefits.
5. Getting bonus shares: When a company offers new stocks to expand or gather funds, then bonus shares are offered to its investors. These new stocks or bonus stocks are offered to the investors at a lower rate than the actual market value. Thus, if you want to invest in a company more, then this proves to be an advantage for you, as you get the new shares at a lower price.
*guest blogger
Investing in the stock market is one of the most lucrative ways of earning easy money without having to work very hard for it. If rising debt is giving you sleepless nights or you are unable to pay your mortgage installments, then you can consider earning extra money from the stock market to pay off all your debts. Thus, before considering mortgage modification, it would be better to consider earning some profit from the stock market and using it to pay off the mortgage. This however, is not the only reason for which you should invest in the stock market.
If you have been contemplating the idea of investing in stocks but still haven’t managed to convince yourself, then here are a few reasons that help you take the decision of investing finally.
1. Easy money: Investing in stocks can give you easy money and huge returns. You can gain a huge amount even when you have invested very little. Thus, if you have scarcity of money, you can still invest little and make money out of it.
2. Regular income with long term return: You can earn regularly from stocks while investing in them for a very long term. You can hold the stocks as long as you want if you are doing delivery based trading. If you give the stocks enough time to appreciate then you will greatly gain from your long term investment. You can earn by buying a stock at a lower price and then selling it at a higher price, again buying it when the price reduces.
3. Earnings from dividend offerings: At regular intervals dividends are offered by some companies. This is done to distribute the profit of the company among the investors of the company. Thus, you can also earn from dividend stocks by investing in them.
4. Has no lock in period: Stock market investments have no lock in period. A lock in period implies that you have to sell the stocks within a particular period of time. In this case there is no time frame in which you have to sell the stocks. Thus, you can sell when you want. This helps you earn maximum benefits.
5. Getting bonus shares: When a company offers new stocks to expand or gather funds, then bonus shares are offered to its investors. These new stocks or bonus stocks are offered to the investors at a lower rate than the actual market value. Thus, if you want to invest in a company more, then this proves to be an advantage for you, as you get the new shares at a lower price.
*guest blogger
Tuesday, September 14, 2010
Summer's End
Wow, can you believe another summer has come and gone. I am sure all you parents are now feeling the back to school hit to the wallet. My daughter has new school clothes, new shoes, tuition to preschool, dance class and all the clothes that go with that. But one look from my little CEO is all it takes to let me know it is all worth it.
Tuesday, August 3, 2010
Summer Vacation
1st week of August and have you gone on your vacation yet? This year my family actually went on more vacations then we have in the past 4 years combined. We took one expensive vacation and 2 not so expensive vacations. We took our 2 1/2 year old to Disney for a week, we then took her to Boston/Mystic CT (this was partially medical but we decided to enjoy our time there) and Lake George (Thank you wife's Grandparents).
The reason behind this blog is to say with the proper planning and savings you can also enjoy some nice vacations. We knew we wanted to go on vacation this summer so we started saving well in advance and researched the hell out of prices. In the end we were able to take all 3 vacations at reasonable prices. I hope you also get to take a nice summer vacation.
The reason behind this blog is to say with the proper planning and savings you can also enjoy some nice vacations. We knew we wanted to go on vacation this summer so we started saving well in advance and researched the hell out of prices. In the end we were able to take all 3 vacations at reasonable prices. I hope you also get to take a nice summer vacation.
Sunday, July 18, 2010
It Isn't How Much You Make, It Is How Much You Keep
It's always a good to idea to make the most of tax-advantaged savings accounts and investments in your retirement planning. They're a smart way to leverage your savings effort. But now is very important time to not overlook those investments that will have tax advantages when you retire.
Why you ask. Soon taxes could soon be taking a bigger chunk of your paycheck and investment gains. The Bush administration tax cuts are scheduled to expire at the end of this year. If that happens, the top income tax rate on ordinary income will climb from 35% to 39.6%, the maximum rate on long-term capital gains will increase from 15% to 20% and the top rate on dividends will jump from 15% to 39.6%.
This might not happen as congress might extend them again. This will probably depend on our economic outlook as we close out the year. But besides that there's another tax increase that's definitely coming in 2013 courtesy of health care reform. Starting that year, high-income households will not only have to pay more Medicare tax on wages, they could also face a 3.8% Medicare levy on net investment income. That is a significant change as currently Medicare tax applies only to wages and net self-employment income.
The truth is that you need to look at what tax saving benefits you have now and those that you look for in the future. You want to be sure you're taking all the reasonable steps you can to save and invest in a tax-savvy way.
So what might those steps be if you're already maxing out your 401(k)?
There are a ways, my suggestion would be to sit down with a Financial Planner so you can discuss things such as Roth IRA's, Life Insurance, after tax investments, etc
Why you ask. Soon taxes could soon be taking a bigger chunk of your paycheck and investment gains. The Bush administration tax cuts are scheduled to expire at the end of this year. If that happens, the top income tax rate on ordinary income will climb from 35% to 39.6%, the maximum rate on long-term capital gains will increase from 15% to 20% and the top rate on dividends will jump from 15% to 39.6%.
This might not happen as congress might extend them again. This will probably depend on our economic outlook as we close out the year. But besides that there's another tax increase that's definitely coming in 2013 courtesy of health care reform. Starting that year, high-income households will not only have to pay more Medicare tax on wages, they could also face a 3.8% Medicare levy on net investment income. That is a significant change as currently Medicare tax applies only to wages and net self-employment income.
The truth is that you need to look at what tax saving benefits you have now and those that you look for in the future. You want to be sure you're taking all the reasonable steps you can to save and invest in a tax-savvy way.
So what might those steps be if you're already maxing out your 401(k)?
There are a ways, my suggestion would be to sit down with a Financial Planner so you can discuss things such as Roth IRA's, Life Insurance, after tax investments, etc
Wednesday, July 14, 2010
Monday, July 12, 2010
The Expanding Rule of the Little CEO
Well my soon to be 3 year old daughter is taking a liking to her role as the CEO of our household. Some of the things she now has a good understanding on how commerce works. She is comfortable enough to now tell us what stores she like to visit and those she does not. Some of her favorite stores are Payless, Marshalls and Walmart. At least she is a consciences shopper and not looking to go to Zales and A&F.
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