| |
| |
|
|
Day Trade Blog - Ivesting Information Learn to invest in the stock market, invest like a pro daytrader swing trading penny stocks |
|
|
|
Retire Dollar Smart
Jim Miller is a registered investment advisor. This means that he is not beholden to a particular brokerage or financial institution. As such, he does not charge monthly fees for "money-managing"; instead, through a consultation fee he is free to give whatever advice will best benefit his clients; he doesn't have to serve them whatever "flavor of the month" the brokerage or financial institution happens to like at that point in time. His investment advice in his book, "Retire Dollar Smart," is clear and filled with common sense. Miller argues that the biggest liability we face as investors is taxes. Further, many recommended investment plans and accounts ultimately require us to pay a lot of tax. Miller makes it a point to cut through much of the investing nonsense that clutters our minds today. For him, there are five main tenets of a solid investing plan-1) Use the smartest tax strategies; 2) Get independent, accurate, complete information; 3) Invest passively; 4) Ask for a discount (they're there!); 5) Take your blinders off. These points form the outline for the rest of the book. Miller's basic argument is to find ways to reduce your taxes, use common sense, and be involved enough in your investments to make some decisions yourself (this will also allow you to reduce certain management fees). Miller's book is a very easy read, although the information is deep; this is a testament to his ability to explain complex ideas in simple terms. He truly does show us a new way to invest, unlike other books of the same genre that tell us via dry descriptive commentary. Miller shows us how to keep investing costs under control, make guaranteed income using proven strategies, manage risk, and prepare for retirement, which are valuable to both retirees and sometime-to-be-retirees. The book is perfect for those nearing retirement or for those simply contemplating their retirement. Miller's advice is simple: take an active interest now, and when you need it, your money will be there. The investing practices are presented clearly with examples to help us better understand. Miller's expertise in personal finance management is on display through highly applicable tips and strategies. He also shows us how misconceptions of most financial plans could actually destroy our investments. If you're considering retirement (we all are), this book is all you need to begin. It's practical and immediately useful. Start smart by reading this book, and then apply it immediately. Jeremy M. Hoover is a book reviewer. To request a review, email him at jeremyhoover@gmail.com or visit his review site.
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
Sitcom Investing A fickle stock market encourages good-humored mockery.Recently, as I watched the premiere of a sitcom, an obvious omission breached television etiquette. Creating Momentum with Options - Pro and Cons of At-the-money, In-the-money, and Out-of-the-money To create momentum in your options trading you need to understand the advantages and disadvantages of at-the-money options, in-the-money options and out-of-the-money options.An at-the-money option has both advantages and disadvantages over stock and in-the-money options. Have You Ever Seen A Map of the World Turned Upside Down? For those accustomed to viewing things a certain way, it is quite disconcerting. One almost expects the ocean to pour out. Time is Money and We Are Running Out of Both! One of the fundamental principles of finance is the concept that $1 today is more valuable than $1 a year from now.Making adjustments for inflation, the dollar will buy less goods and services next year. Critical Options Investing Tip When Trading Naked Calls and Puts An option is a derivative trading product that is best used by investors as a hedging tool providing investing profit protection and profit enhancement. Although it is a powerful risk management tool, it can also be used effectively as a stand-alone trading vehicle. Stock Market Leaders and Laggards Leaders are stocks that breakout immediately when the market confirms a new rally. In the first several weeks, strong stocks with leadership ability will breakout on volume above their 50-day average. Why You Need To Buy and Sell Gold Coins (Part 1) The Value of Gold in a Era of Paper Assets, Stocks, Bonds and Mutual Funds.. Investing in New Zealand - Learn how to Find Unique Investment Opportunities Investing in New Zealand might be much easier than investing in other western countries, thank to the excellent infrastructure, the low taxes and the assistance of the supportive NZ government.Technological Face of New ZealandNew Zealand has a unique reputation within the global market place. Invest or be Pink Slipped Firing an employee seems to be easier and easier for corporations. Up until now you allowed them to set your clocks. What Age Should I Start Saving For Retirement? Ask this question to 100 people and you will receive 100 very different answers. The fact of the matter is there is no right age to start. Invest To Make Money, Not To Get Rich The technology boom of the '90s romanticized the "rags-to-riches" ideal that all of us dream about when investing. For those that invested $1000 in Dell at $5 during 1990, held through the seven splits, then sold in March 2000 at $59, the dream was a reality. Looking For a Safe Investment? Try a Certificate of Deposit If you are looking for a safe investment and you have between $100 -$1,000 to invest, you should consider a certificate of deposit or CD. When purchased through a bank, CD's are federally insured up to $100,000. Four Key Components To Building A Trading System Need some insight on what you should really be striving for when you're building a mechanical trading system? When it comes down to it, there are really only a few criteria that are used in judging the merits of a trading system. The most obvious one is profitability - does the system work? But really, there's more to it than just that. Investing In or Owning Drug Lab Properties Clean Up (includes the insides and the outside of a building)Air out the buildingRemoval of contaminated materials: Carpets, carpet pads, Linoleum, drapes and blinds, air-filters, refrigerators, range, water heater, all tenant clothing and their furniture.Removal needs to be to a site that accepts contaminated product. Evaluating A Money Manager Scams and frauds are designed to take your money through false promises and phony claims. Money management is supposedly designed to increase your net worth. Fundamentals of Option Pricing When one begins to consider an option, it is very important to figure out how the premium is calculated. Option premiums depend on a variety of factors including the time left to expiry as well as the price of the underlying security. Consolidation Period The economic data reported Fri showed continued above trend growth with disinflation (at the core level, excluding food and energy) in the second quarter. Real output growth has slowed from about 4% in 2003 & 2004 to just over 3 1/2% so far this year, while a core inflation rate fell from 3% last quarter to 2%. Rules for Simplified Employee Pension Plans better known as a SEP Plans A SEP is a special type of IRA. Under a SEP plan the employer creates an IRA account for each eligible employee, hence the name SEP-IRA. New U.S. Mint Coins a Golden Opportunity In April, the U.S. Which IRA Is Best For You? An Ira is one of the greatest ways to save on taxes currently and accumulate money for the future.For individuals three types of IRA's will normally come under consideration.
|
| home Day Trade Blog | site map |
| © 2006 Day Trade blog investing and stock market resource |
