The One Reason Why You Need A Risk Management Plan
Seems these days everyone has an opinion on how to make money in the stock market. Only now it’s not just the stock market, there is options, foreign exchange, commodities and bonds. And it’s no longer just investing or trading. There’s swing trading, position trading, income investing and dividend investing. Yet I’ve barely scratched the [...]
Investing and Uncertainty: A Perspective On Current Economic Policy
Economies develop and move forward under almost any conditions. Mankind can adapt, survive and even make a living in the totalitarian economies of Chavez and Castro to the laissez-faire, free market economies of Canada and Hong Kong. In a manner of speaking, free market is alive and well wherever people live. Sometimes it is a [...]
Dividend Investing: Focus On Yield, Not Share Price
When it comes to long term investing, I believe that you should focus more on dividend yields and cash flow versus speculation and share price appreciation. While this might mean avoiding sexy names like Apple (AAPL) and Amazon (AMZN), there is nothing unsexy about constant cash flow with regards to your assets.
Photo from stock.xchnge
Dividend Income [...]
How to Maximize Your Energy Efficiency Tax Credit Without Overspending
As the year is winding down, you may be considering some ways to lesson your 2009 tax burden. Should you take advantage of the federal tax credits Congress has provided certain energy efficiency expenditures? Well, maybe. This post is intended to help you understand these tax credits of energy expenditures and decide if they are [...]
Turkey Recipes: Stretch Your Holiday Dollar With Turkey Leftovers
While I always loved having turkey with my family each year, I dreaded the days that followed. It is my firm belief that the reason turkey is primarily consumed at only three times of year (Thanksgiving, Christmas, and Easter) is that the thought of more than three weeks of turkey leftovers per year turns the [...]
Help Yourself, Not The Economy
There is a tug of war going on over your money right now. When you sit down and think about it, you know that you should save your money, pay off your debt and provide for your future. Unfortunately there are other forces coming after your money. Not only do you have to deal with [...]
Why Credit Cards Rule Over the Inferior Debit Card
I’m still trying to figure out why people think I’m foolish for using a credit card instead of a debit card. I’m a Dave Ramsey listener and fan so I’ve heard him rant and rave over the credit card — burn it, torch it, drown it, just be sure to kill it (if you’re not [...]
10 Steps to Planning Holiday Spending
There are less than two months until Christmas — do you have a plan for holiday spending yet? Some people have already finished their holiday shopping. Others have been diligently saving all year long. Still others might be dreading the upcoming holiday season because of the cash outlay it usually involves. If you fall into [...]
Redbox Movie Rentals versus Netflix and Blockbuster
One area in which I have vigilantly slashed my spending is the “Entertainment” category. I include cable television, movie theaters, concert tickets, bars, sporting events, and a bunch of other things in this category. The easiest expense to cut back on thus far has been the TV/movies area. For television, Hulu has aided me in [...]
Additional Income: Is It Taxable?
We’ve briefly touched on the topic of paying income taxes on eBay sales in the past, but a lot of people are unsure as to whether additional income in general needs to be reported to the IRS. By additional income, I’m referring to anything that’s not part of your usual pay packet, which can include [...]
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