The Best Assets To Own: A Comprehensive Overview
Generally speaking, each dollar that you save can be deployed toward one of the following assets: cash, commodities/hard assets, bonds/fixed income, real estate, and stocks/business ownership. Below, I...
View ArticleWhy PAYX Stock Creates Vast Wealth
Paychex, Inc. is a payroll processor for 605,000 businesses in the United States and Germany that have between 10 and 200 employees. It is on the short list of stocks with excellent investment...
View ArticleThe Tax Advantages Of Oil and Natural Gas Investments
In the investment arena of oil and natural gas partnerships, you see a lot of general partnerships crop up in areas that are being drilled (particularly Texas). You might wonder: Why don’t these people...
View ArticleWhy A Holding Company Builds Wealth
Any time you encounter an investment concept that you have never heard of before, you can be pretty sure that it exists for at least one of the three reasons: (1) tax minimization; (2) marketability;...
View ArticleWhy Penny Stocks Are Bad Investments
You have probably read or heard someone express the following sentiment: “I enjoy investing in penny stocks. It seems so easy to make money quickly because it is so much easier for a stock to go from...
View ArticleWhy Senior Life Insurance Rarely Works As Planned
I was recently reading about something called senior life insurance plans (in some parts of the country, they are called graded death benefit plans). This has nothing to do with life insurance for...
View ArticleThe Comprehensive Family Trust Fund Guide
If you are thinking about setting up a trust fund for loved ones in your family, and would like a basic overview of the process and issues to think about, I have prepared a comprehensive guide of what...
View ArticleA Lifetime of Growth From Johnson & Johnson Stock Dividends
Johnson & Johnson stock has grown its dividend by 13% since 1970 and has compounded wealth for JNJ shareholders at a clip of nearly 14% over that same time frame. When you pay attention to any...
View ArticleBP Shares Go Nowhere But The Dividend Keeps Coming
In light of the recent history for BP shares, I understand why investors might be skeptical of this oil giant. The share price has gone nowhere, the dividend is frequently considered a candidate for a...
View ArticleRoyal Dutch Shell Stock’s Scrip Dividend
There are certain things in finance that seem to happen every generation. The stock market rises and falls. Coca-Cola purchases its bottlers under an increased efficiency theory, and then later spins...
View ArticleThe Initial Term In A Qualified Personal Residence Trust
I remember my naïve days when I thought that the only thing a student of the markets needed to figure out was the assets that performed best. If something grows at 15%, it is going to beat something...
View ArticleThe IRA Beneficiary In A Second Marriage
In 1950, the divorce rate in the United States for those in the top 10% of American net worth was just 6%. By 2010, the divorce rate for the same demographic ballooned to 26%. What is one of the...
View ArticleThe Tax Advantages Of An Irrevocable Trust
A revocable trust is a type of trust fund in which the grantor that creates the trust retains the legal right to collect the income created by the trust fund and modify the trust whenever he wants....
View ArticleTreasury Bills, Notes, Bonds, and TIPS
The United States government issues four types of debt that it backs with its full faith and credit taxing powers. They are called treasury bills, treasury notes, treasury bonds, and treasury...
View ArticleUsing Trust Funds To Incentivize Your Children
Over 86% of millionaires in the United States are self-made. Of those self-made millionaires, almost 90% came from households that earned between $45,000 and $125,000 per year. Essentially, it is the...
View ArticleWash Sale Rules Also Apply To IRA Accounts
When you make a contribution to an individual retirement account (IRA), you cannot make a direct transfer of stock, bonds, or real estate into the IRA. If you plan to put $5,500 into a traditional IRA...
View ArticleWhy Do Removed Stocks Outperform New Stocks In The S&P 500?
According to the research of Wharton finance professor Dr. Jeremy Siegel, 82% of stocks that are removed from the S&P 500 go on to outperform the stock that replaced them in the index during his...
View ArticleWhy Is Probate So Bad?
When one of your financially savvy friends tells you get your estate planning together, you will often hear the line “You don’t want your assets to get stuck in probate!” wielded at the end of the...
View ArticleDo Heirs Have To Pay Taxes On An Inheritance?
When you make an investment, the price you pay for the asset is called your “cost basis.” This is the threshold amount for calculating the capital gains taxes that are required when you sell. If you...
View ArticleYou Shouldn’t Buy Tax-Managed Mutual Funds
I understand why high net worth individuals with a significant amount of money invested through taxable accounts pay a lot of attention to the tax structure of their investments. If you are a high...
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