If you are like me, when you invest, you not only like to get a great investment, you want to get it at a great price. There are a couple of ways to find out if the asset you are interest in purchasing is at a great price:You can go to Yahoo Finance and do technical and financial analysis on the asset, look at its history and calculate if it is cheap compared to what it has been priced in the past (let me know in a couple of weeks what you come up with).You can subscribe to an investment newsletter (or several) where analysts you trust give you information you can use to determine if an investment is a good value.You can work with a financial advisor that will help you invest in different ideas and asset allocate you portfolio.Whatever you do, you have to have a strategy for investing in assets, plus a plan to get out of an asset. Tomorrow I will talk about an investment exit strategy. You can ask me general questions by calling me at 818-317-6035 or emailing me at bstonercpa@sbcglobal.net or ask more specific questions of the financial advisors in the resource section [...]
Brian’s Financial Musings – Asset Allocation in Investing
When you buy an investment, you have to plan when to get in, how much to invest, and when to get out. Each of these items is important. Let’s talk about how much to invest.Back when I had my brokers licenses (series 7 and 63, which let me sell pretty much any financial product except annuities and life insurance) I found out the obvious. You should never put all your eggs in one basket. You should invest across industries and asset classes and should not put more than a specific amount in any one idea. Most financial advisors I have talked to suggest no more than 4 or 5% investment in any one stock or financial product (mutual funds can be a different animal because they are more diversified).Tomorrow I will talk a little about when to get into an investment. If you have any general questions, call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net but more specific questions should be answered by a financial advisor.You can check with the professionals on my website in the resource section:https://briantstonercpa.com/Resources.htmlYou can count on us to count for you!
Brian’s Tax Musings
What exactly are investment expenses? They are expenses you as an investor in various assets and retirement accounts incurr as part of the investing process. See this aritcle by Worldwide Web Tax about various investment expenses:http://www.wwwebtax.com/deductions_z_other/investment_expenses.htmWell you now know all about itemized deductions on schedule A – congratulations on being an expert. Any questions on anything I have discussed you know where to find me. Email bstonercpa@sbcglobal.net phone 818-317-6035. Remember I need you to refer your friends and neighbors to me to continue to build my practice.You can count on us to count for you!