If you tend to be a long term investor, using the strategy proposed in this article in SmartMoney by Jack Hough makes a lot of sense:http://www.smartmoney.com/invest/stocks/tips-for-picking-stocks-for-the-next-20-years-1344970712875/Over time your income should grow from the increasing dividends and quality companies’ share prices should increase (or not go down too far) so this is a reasonable way to increase your investments long term. Just remember your stop losses and your position sizing (not more than 4-5% of your portfolio in any one item).Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Many parents failing to educate children about money?
Parents generally have enough financial knowledge to educate their children, but they don’t always do it. In the Journal of Accountancy, this article by Ken Tysiac has some tips to start the financial schooling:http://www.journalofaccountancy.com/NR/exeres/ECF38D63-D107-41FE-9A9D-2E7C17E3C7A2.htmYou don’t think your kids will get this education in school or from their friends, do you? Hop to it!Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
For Unpaid College Loans, Feds Dock Social Security
Here is something no one thinks about. If you are retired and have unpaid federal student loans, the fed will be withholding from your social security payments. See this article from SmartMoney by Annamaria Andriots:http://www.smartmoney.com/borrow/student-loans/grandmas-new-financial-problem-college-debt-1344292084111/So I guess retirees should pay their student loans, huh?Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035