Posted by admin on November 6, 2009
1) The $8,000 tax credit will be extended and available for first-time purchases before May 1, 2010.
2) A new $6,500 tax credit will be available for repeat buyers who purchase between December 1, 2009, and May 1, 2010. To qualify for this provision, buyers must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.
3) Prospective purchasers with binding contracts in place as of April 30, 2010, will be allowed an additional 60 days to complete the transaction.
4) Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.
Posted by admin on October 28, 2009
The concept of asset allocation is far from new. In fact, even as far back as 1605, Miguel de Cervantes was doling out the same advice as today’s investment advisors — don’t put all your eggs in one basket.
In today’s terms, asset allocation is the process of selecting asset classes, such as stocks and bonds, and determining their proportions within an investment portfolio.
Here’s the theory: Individual asset classes have distinct characteristics and historically don’t react in tandem under the same market conditions, however there are exception to the rule. When some are falling in value, others may be rising.
By strategically diversifying your assets, you help offset declines in any one particular class and smooth out the ups and downs of your portfolio.
Posted by admin on October 15, 2009
Even economists who agree the economy is in recovery say that growth will be slow and difficult, with continued job losses, tight credit and further declines in home prices.
Posted by Dan Sato on September 27, 2009
Unlike a traditional IRA, which limits the reason for early, penalty-free withdrawals, you can take out every dollar you contribute to a Roth IRA for any reason, at any time, without paying penalties. Anyone 50 and older can contribute a maximum of $22,000 to a 401(k) and $6,000 to and IRA annually.
Posted by Dan Sato on September 16, 2009
The mix of your investments is critial to help assure you don’t out live your money. The secret is annuities.
Posted by Dan Sato on September 12, 2009
Very few people if any can time the market.
Posted by Dan Sato on August 9, 2009
As billionaire oilman J. Paul Getty once said: “Buy when everyone else is selling and hold until everyone else is buying.”
Posted by Dan Sato on August 7, 2009
You will double your money at a 8% annual rate of return in just 9 years. The “Rule of 72″ says, take an interest rate and divide it by 72 and the result will be how many years it will take to double your money (includes compounding). Example: Your investment yields 8% annual returns. Take 72 and divide it by 8 and the result is 9 years. Your money will double in 9 years! Start saving….enjoy the ride.
Posted by Dan Sato on August 6, 2009
How much could you save by not spending $5.00 per day for a cup of coffee at Starbucks for one year?
An amazing ……$1800 !!!
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