While everyone agrees that you should be diversified, it is important to know what your manager means by the term “diversified.”
In addition to registering for a blender and picking floral arrangements, make sure that your marriage has the financial accounts and monetary habits necessary to meet your shared financial goals.
The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore.
If you add the costs of complying with government regulations, the cost to society is over 50%. Imagine the economic boom if the other half of workers’ labor were set free to boost productivity!
Today, we have 8,269 mutual funds. About one-third of all common stocks are held in mutual funds.
In the US we allow companies to go bankrupt when they cannot succeed in business.
Recently record amounts of money have been taken out of stocks and put into bonds. These investors assume that at least their money will be safer in cash or bonds. These assumptions are wrong.
If you think estate planning information is hard for you to pull together, imagine how difficult it will be for someone else who is asked to fill your shoes in an emergency!
If you rely on a commission-based financial product salesperson, you will probably be sold the wrong kind of funds.
Congress contributed greatly to the bubble through the distorted incentives created by the tax code.
These are no longer the questions of the idle rich desiring to hoard their inherited wealth.