If you have been considering forming a gun trust, you have until July 13th to do what I have done under current rules. After July 13th there will be more red tape when buying NFA items through a gun trust, as Robert Merting explains at The Shooting Channel: After the recent Executive Order regarding the NFA, I have been asked many times: “Can I still set up a gun trust?”. You can, and the President alone cannot prevent you from doing this. He can only make buying a firearm more difficult for your trust. Before July Until July 13th, 2016 the current (i.e. old) rules are in effect. You can set … [Read more...]
Working Millennials: Rent or Buy Real Estate? Part II
In Part I told you how I got into real estate and I haven’t looked back since. How can you, a young Millennial, get started? Get creative! Figure out a way to come up with a down payment. I did. I borrowed from my dad. But what if that isn’t an option for you? Well, keep moving forward. Get creative. The best way I have found to be creative is to speak directly with the decision maker. It’s the best way to find out the real story. During my search for a multi-family property in Marlborough, MA I scoured the classified ads with a red pen. I came across an intriguing listing 40 minutes … [Read more...]
Working Millennials: Rent or Buy Real Estate?
When you’re a working Millennial, your weekends are extra valuable: Everybody’s working for the weekend. When I was the age of today’s Millennial I worked at Fidelity Investments and lived in Watertown, MA. Rent was a big chunk of my paycheck but that’s what it cost to be so close to Boston. I wasn’t saving much money. Then there was a change. My department was moved out to Marlborough, MA—40 minutes west of Boston. For a while I did the reverse commute from Boston to Marlborough. But that got old fast. I wanted to live where I worked and I was also tired of paying someone else rent. I … [Read more...]
The Prudent Man: The Wisest Action is Sometimes No Action
What is the key to achieving the financial success you and your family deserve? Well, for one it’s about keeping it simple—Simple is Sophisticated. Another key is to stop spinning your wheels. In portfolio management terms, spinning wheels or, how long a position is held over the course of a year is called the turnover rate. In other words, if your holdings at the beginning of the year were sold and replaced by new positions, then the turnover rate would be 100%. Here’s a wonderful example, one of my favorite, that Dick Young explains to his readers: Mr. 3.5% Turnover In 1992, Forbes profiled … [Read more...]
Simple is Sophisticated: My Grandchildren’s “Rich as Croesus” Strategy Part II
Lucky you! You don’t have to wait for my next installment on Simple is Sophisticated. Going back ten years now, in May 2006, my father-in-law Dick Young wrote to his treasured readers about a simple strategy: Simple is Sophisticated. Easy to understand, but hard to do. For long-time readers this is nothing new to you. The only difference for you is you have a much larger pile of cash from following the advice in Richard C. Young’s Intelligence Report. Why is a Simple is Sophisticated approach the key to happy investing and life? Easy, you let your money work for you. And how do you do that? … [Read more...]
Simple is Sophisticated: My Grandchildren’s “Rich as Croesus” Strategy
My father-in law Dick Young wrote this timeless issue in May 2006 in his monthly strategy report: Richard C. Young’s Intelligence Report. Check back in a week or so for more on one of my favorite investing lessons. As you can see I have a somewhat vested interest in the results. Read more of Dick Young's investment strategy here. Simple Is Sophisticated Debbie and I recently made the pilgrimage to Vermont’s Authentic Designs (www.authentic-designs.com) to order much of the inside and outside lighting for a New England home we are renovating. At a most bucolic setting, skilled craftsmen … [Read more...]
Gimme Shelter: Gold vs. Apple
+ … [Read more...]
Sanders & Trump: How Newport County Voted in RI Primary
Newport County polls mirror Rhode Island totals: … [Read more...]
Dan Mitchell: Lessons from State Tax Policy
Here Dan Mitchell of the Cato Institute discusses why some states deserve kudos for their tax policies, and some states deserve mockery. Just like with nations, there are many factors that determine whether a state is hindering or enabling economic growth. But I’m very drawn to one variable, which is whether there’s a state income tax. If the answer is no, then it’s quite likely that it will enjoy better-than-average economic performance (and if a state makes the mistake of having an income tax, then a flat tax will be considerably less destructive than a so-called progressive tax). Which … [Read more...]
Millennials, Lattes and Student Debt
It turns out lifestyle is important to millennials at the cost of not paying down student debt or saving for retirement. In a recent survey by Providence, RI based Citizens Bank, as reported by Reuters and picked up by the St. Louis Post-Dispatch: Fewer than half (47 percent) of millennials, those in the 18-35 age group, who are college graduates, would be willing to limit their online food delivery in return for reducing their student loans. Other priorities? Concerts, sporting events and lattes, as well as travel and vacations. The prospect of limiting any of these luxuries got the “no … [Read more...]
- « Previous Page
- 1
- …
- 397
- 398
- 399
- 400
- 401
- …
- 412
- Next Page »