I recently had a conversation with two young men. One confided that he hoped to be a millionaire by the time he turns thirty. The other remarked that one million dollars just isn’t a lot of money. Based on this conversation, can you predict who will have a greater worth in a decade? … Read more
People often call my office and ask if we can prepare their tax returns. “We handle investment portfolios in America,” I explain. “We don’t do taxes.” I understand why people think that we might file tax returns for clients since, after all, investments and taxes are related.
Thinking about taxes when making investment decisions
It’s true that experienced financial professionals consider the tax consequences of investments they suggest…. Read more
I received the following email today about a U.S. brokerage firm kicking out clients:
Hi Doug!
I’m forwarding the letter I just got from *********** after dealing with their ridiculous bureaucracy for lord knows how long already.
Oy vey.
What should I do?… Read more
While bonds are traditionally considered a more conservative investment than stocks, it is possible to lose money in bonds. Yes, you read that correctly. In order to protect your money while investing in bonds, be wary of the following:
Interest rate fluctuations — Bond prices decline when interest rates rise…. Read more
I saw a “floater” in my eye and, like any responsible person, I Googled everything I could find on the topic. From a respectable site, I discovered, “Floaters are very common and typically don’t require treatment.” Relieved, I figured next time I go for an eye exam, I’ll mention it to the doctor…. Read more
