If the Federal Reserve is going to drop money from helicoprters again or hints the discount rate will stay low for the next few years, how does that affect the dollar? (Hint: it isn’t going to increase a lot in value.) See this article in the Wall Street Journal by Jonnelle Marte:http://blogs.smartmoney.com/advice/2012/08/22/what-fed-action-would-mean-for-the-dollar/The good news is companies will be able to borrow at low interest rates, the bad news is your savings will be earning didly. But it hopefully will help the economy and the stock market eventually. Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
College freshmen need to learn their money limits
With college costing so much, kids today need to realize how expensive their education has become. See this article in The Sacramento Bee by Claudia Buck:http://www.sacbee.com/2012/08/19/4736253/personal-finance-college-freshmen.htmlIf the kids help by keeping their own costs under control and looking for college bargains in books, clothes, etc., maybe you won’t have to sell the house to pay for college.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
SEC Shuts Down $600M Online Pyramid/Ponzi Scheme
Wow, this is the third ponzi scheme the SEC has dealt with in a week. Keep your guard up; if it looks too good to be true it probably is! Here is the article in Accounting Today by Daniel Hood:http://www.accountingtoday.com/news/SEC-Shuts-600M-Online-Pyramid-Ponzi-Scheme-63686-1.html?ET=webcpa:e5982:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_081912Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035