Archive for January, 2008
Wednesday, January 30th, 2008
Fed Cuts Interest Rates 50 Basis Points - 1.25% Drop in a Week!
The Federal Reserve cut interest rates by 50 basis points this afternoon bringing rates to 3%, the lowest since June of 2005. This change was approved on a 9 to 1 vote. The stock market quickly reacted with the hopes that lower rates will prove to stimulate growth through low cost money. […]
No Comments » - Posted in Financial News by admin
Wednesday, January 30th, 2008
Shifting the Focus
It is an important thing to realize when your strategy is over weighted towards one particular goal.
I have been saving ‘too much’ for retirement.
While the prospect of having investments in a tax free environment is great, there comes a point where a great concept can go to far. Essentially, I have been […]
No Comments » - Posted in Planning by admin
Friday, January 25th, 2008
Tax Rebates : $600 - $1,200 Coming Your Way!
The $150 billion stimulus plan is going to be sending you a check if you are a tax payer!
The basic plan is as follows:
$600 for individuals who pay income taxes
$1,200 for working couples who pay income taxes
$300 for every child
If you only make $3,000/yr, you get $300
The tax rebates start to phase out if you […]
No Comments » - Posted in Planning by admin
Friday, January 25th, 2008
Can China Buy the United States?
I begin with a premise that China will continue to be a monster. [1]
“If China were one big firm, you’d have to say the fundamentals are looking pretty good. This Communist country has plenty of capital for expansion or investment. After years of pulling off an incredibly favorable balance of trade, they’ve passed […]
No Comments » - Posted in Investing by admin
Wednesday, January 23rd, 2008
Props to Cramer! - Jim Cramer’s Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)
I made the ‘mistake’ of keeping a subscription to an audible books site I don’t use anymore. I noticed the charge on my Amex and went to cancel the service and as a ploy to keep me as a customer, the site offered me a free book download. I decided to keep the […]
1 Comment » - Posted in Miscellaneous by admin
Wednesday, January 23rd, 2008
Early Saving for Retirement
I received the following e-mail and hope that this can be helpful to others. If you have any financial questions, please feel free to write me at david113@gmail.com
Hey David,
I need some financial advice. So I just graduated from college and I am one of the few people that care about saving up for retirement. […]
No Comments » - Posted in Retirement by admin
Tuesday, January 22nd, 2008
Tax Documents
It is that time again!
You should start receiving your tax documents for 2007. Make sure to keep these document in a folder or in a specific location so that you have them on hand when doing your taxes or for when you meet up with the person that does your taxes.
These are the documents […]
No Comments » - Posted in Planning by admin
Tuesday, January 22nd, 2008
Fed Cuts Interest Rated 75 Basis Points
Today marks the biggest reduction in interest rates since December of 1992 when the Fed cut the discount rate by a full percentage point. Contributing factors leading to the .75% cut today included the increasing risk of bond insurers being unable to make payments, sub prime real estate exposure dragging down the financial sectors […]
No Comments » - Posted in Financial News by admin
Tuesday, January 22nd, 2008
How Does Being a Part of a Global Economic System Affect Nations’ Economies?
Wow.
This week sure was an interesting one! Markets were faced with a a week of decline as investors across the board faced new economic data that points towards recession. President Bush’s stimulus plan did little to change the immediate direction of the market.
The plan includes a “proposed growth package […]
No Comments » - Posted in Financial News by admin
Thursday, January 17th, 2008
The Importance of Saving for Retirement
I’ve been reading up a lot about retirement savings recently.
During 2007, I managed to put away 22% of my income into my 401K. During the year, I carried a little debt that many would say I should have focused on paying off and I sometimes chose to allocate some of the money in my […]
