The decisions you make as an investor- even small decisions- have a huge financial impact on your life. You work hard to save, you invest, you put a plan in place. However: that’s not enough. In my 30-years kicking around accounting and finance, I see several actions that investors should take- but don’t. Now, these […]
“Lemonade Stand 100 feet.” If you’re selling lemonade, put your stand 100 feet from a playground- smart marketing. Doing business comes with costs, obviously, and expenses that you must incur each year can sharply reduce your profit. The same is true of mutual fund fees and expenses that lower an investor’s rate of return. I’ve […]
$30 for Campari? I was muttering about the high cost of my cocktails when I turned and saw it- the beer pong impulse buy. You’re in the liquor section of the grocery store- why not sell people ping pong balls for beer pong- and put them on the door of the beer freezer? (They had […]
Planning for your personal tax return becomes more complicated each year. Townhall reports that the federal tax code (CCH Standard Federal Tax Register) is over 73,000 pages long. If you have an unexpected taxable event, the process of planning for your tax liability is even more complicated. A mutual fund may generate more taxable income […]