Yea, the DJIA plunged 777.68 points yesterday, which is the biggest point decline in history. The 2nd biggest point decline was on September 17, 2001 (first trading day after 9/11) that had a 684.81 decline. The DJIA gained 485.21 points today recoving almost two-thirds of the lost from yesterday. However, point [...]
I recently dispelled the myth that the stock market always goes up, and in fact showed that adjusted for inflation, it provides a return of between 1% to 2% per year. Some people think that real estate has been a good investment. This is not so; we still have a bit of ways to decline [...]
I’m surprised at how much faith people put into the stock market. This is not the best vehicle for investments. Financial advisors (if they can even be called that) will tell you to invest in the stock market over the long term because it has averaged 10%-12% per year. That is a load of bull! [...]
A shephered was herding his flock in a remote pasture when suddenly a brand-new BMW advanced out of a dust cloud towards him. The driver, a young man in a Broni suit, Gucci shoes, Ray Ban sunglasses and YSL tie, leans out of the window and asks the shepherd, “If I tell you exactly [...]
LLC (limited liability company) can provide a vehicle for passing wealth to younger family members without having to re-title the real estate. Once real estate is transferred into an LLC, the members’ interest is converted to personal proerty, which is represented by their LLC “shares.” These shares can be transferred incrementally to children [...]
There are many types of investment opportunities, including real estate. However, real estate as your primary residence may not be all that appealing.
Historically, residential real estate has appreciated at a little over 6 percent a year. But rising prices are only part of the story. Appreciation figures don’t capture the vast [...]
If you have trouble controlling your spending, here are some tips to curb your spending and take control of your finances:
1. Carry a list of “things to buy.” This needs to be written down (not a mental list). If you see something you think you might want, don’t buy it right then, [...]
Yes, Utah is the hotbed for scams and fraudulent activity. One of the recent ones I have heard about is the Money Merge Account created by United First Financial (located in Bluffdale, Utah). They charge you $3,500 to basically tell you to use your discretionay money to pre-pay the principle on your home [...]