Large financial brokerages used to shun anyone with less than $250,000 in net assets, considering them not worth spending time on. Oh, how a financial crisis changes everything! Today large financial brokerages are developing products to cater to a broader segment...
Continue reading "New Opportunities for Those With Small Savings"
While the economy is still sluggish to say the least, there are a lot of very happy people in silicon valley. Many new internet companies have had their IPO and with it newly minted millionaires (and billionaires). For financial companies,...
A small change that will likely have a huge impact on private placement investments was recently passed by the SEC. In calculating a person's net wealth to determine if they are considered an accredited investor, the SEC will no longer...
Continue reading "Your House is No Longer Considered Wealth"
Tax evasion has become a popular political theme. In movies and popular stories swiss banks have been known for their bank secrecy tradition. However, often overlooked is the role of small banks in hiding bank identities which leads to tax...
Dividend funds have had a very good year and more investors are looking at them. However, the price-to-earnings ratio for traditionally strong dividend stocks are higher than the S&P average. The price for dividend stocks presents the question whether they...
The Wealth Strategies Journal has posted a new article, entitled "Cross Purchase," by Martin M. Shenkman, CPA, MBA, JD.Summary: Buyout agreements are vital to family and closely held businesses. With the economic turmoil and rapidly changing laws you need to...
The Association of Foreign Investors in Real Estate (AFIRE) recently published their 2012 forecast results for the best places with earning potential, with the U.S. ranking first, followed by Brazil, with a difference in margin points of 23.8 percent, and...
Some state-run 529 plans are offering new incentives. For example, Nevada has introduced two matching grant programs: one for low-income families and another for family members of Nevada Purple Heart recipients. Other states have chosen to reduce fees. Connecticut lowered...
Continue reading "Some States Are Increasing Perks and Reducing Fees for 529 Plans"
An analysis of the financial situation for the past years reveals that our downward economy has made investors re-think their choices and invest in safer alternatives such as bonds. In the economic sciences field, Mr. Daniel Kahneman, a Nobel...
Continue reading "Analyzing Financial Choices for the Upcoming Year after a Bleak 2011"
The New York Times publishes a list of small business articles from the year they found to be helpful. The articles examine a variety of different topic areas that address running a small business. See Gene Marks, "This Year...
Christmas morning puts a smile on millions of children all across the country. However, the children don't necessarily have to be the only ones with a smile on their faces. By providing certain gifts to children, parents can ensure that...
The IRS has released Form 8938, "Statement of Foreign Financial Assets." Form 8938 is to be used to report the ownership of foreign financial assets if the total value of those assets is more than the applicable reporting threshold. The...
In a recent interview by Bloomberg Markets Magazine, multimillionaire attorney Joe Jamail describes buying cocaine as being a better financial choice than investing in hedge funds. Mr. Jamail's best investment advice is to put your money on safe investments such...
University of Louisville's law dean Jim Chen comments on the National Law Journal's analysis on what law school graduates need to earn in order to calculate their financial growth. According to a National Law Journal's report, law school graduates could...
The Wall Street Journal has published an article by Laura Saunders discussing offshore accounts, the Foreign Account Tax Compliance Act of 2010 (FATCA), and how the IRS is trying to crackdown on illegal offshore accounts. According to the article, FATCA...
