| |
| |
|
Investing Information |
|
|
|
Retire Dollar Smart
Jim Miller is a registered investment advisor. This means that he is not beholden to a particular brokerage or financial institution. As such, he does not charge monthly fees for "money-managing"; instead, through a consultation fee he is free to give whatever advice will best benefit his clients; he doesn't have to serve them whatever "flavor of the month" the brokerage or financial institution happens to like at that point in time. His investment advice in his book, "Retire Dollar Smart," is clear and filled with common sense. Miller argues that the biggest liability we face as investors is taxes. Further, many recommended investment plans and accounts ultimately require us to pay a lot of tax. Miller makes it a point to cut through much of the investing nonsense that clutters our minds today. For him, there are five main tenets of a solid investing plan-1) Use the smartest tax strategies; 2) Get independent, accurate, complete information; 3) Invest passively; 4) Ask for a discount (they're there!); 5) Take your blinders off. These points form the outline for the rest of the book. Miller's basic argument is to find ways to reduce your taxes, use common sense, and be involved enough in your investments to make some decisions yourself (this will also allow you to reduce certain management fees). Miller's book is a very easy read, although the information is deep; this is a testament to his ability to explain complex ideas in simple terms. He truly does show us a new way to invest, unlike other books of the same genre that tell us via dry descriptive commentary. Miller shows us how to keep investing costs under control, make guaranteed income using proven strategies, manage risk, and prepare for retirement, which are valuable to both retirees and sometime-to-be-retirees. The book is perfect for those nearing retirement or for those simply contemplating their retirement. Miller's advice is simple: take an active interest now, and when you need it, your money will be there. The investing practices are presented clearly with examples to help us better understand. Miller's expertise in personal finance management is on display through highly applicable tips and strategies. He also shows us how misconceptions of most financial plans could actually destroy our investments. If you're considering retirement (we all are), this book is all you need to begin. It's practical and immediately useful. Start smart by reading this book, and then apply it immediately. Jeremy M. Hoover is a book reviewer. To request a review, email him at jeremyhoover@gmail.com or visit his review site.
MORE RESOURCES:
Investing - Google News |
|
|
|
RELATED ARTICLES
How To Start Investing For Financial Independence, Part 1 Today, I am going to start a multi-part series about how to go from being a beginning investor to being "financially independent" in a steady and predictable way. At our website, we get tons of e-mails about how do I start, how do I start with little $'s, etc. Focus Your Investments on the Long Term "All human power is a compound of time and patience!" Honore de Balzac (1799 - 1850)Long term investing or "Buy and Hold" is not about hunches, emotions, stock tips, market timing or making quick profits! It's about using proven long-term strategies to accumulate wealth over time!A large part of the daily volume on the exchanges is due to traders who hope to make a small profit by taking advantage of small discrepancies in the pricing of securities, or who are able to buy a stock as soon a favorable analysts report is issued and who hope to profit before the inevitable runup.The instantaneous access to information that financial institutions have gives them an enormous advantage over the individual investor when it comes to short-term trading. Investigate Before You Invest "Through wisdom is a house built. And by understanding it is established. Investing: The Art Of Making Your Money Work For You There is a lot to know about investing. It all depends on what type of investing you are interested in as well. Rules for Simplified Employee Pension Plans better known as a SEP Plans A SEP is a special type of IRA. Under a SEP plan the employer creates an IRA account for each eligible employee, hence the name SEP-IRA. Hedge Fund 101 - Make Money with Hedge Funds Investors are always looking for the best investments that will yield the most profit. Any investor who can afford the extra cost should consider investing in Hedge Funds. 5 Things To Know About The Stock Market 50% Of U.S. Your Portfolio and "Old Ironsides" The USS Constitution first ventured into the waters in 1798. From there she became an icon of durability and success. Art Investing for a Financial Future When we think of investing we probably conjure images in our minds of the New York Stock Exchange, suited stock brokers making deals, bonds and treasury bills, and all manner of financial matters. The last thing we probably think about is art. The Switzerland of Asia Shines In many respects, Singapore is the Switzerland of Asia.Begun in 1819 as a British trading colony, the Republic of Singapore was founded in 1965 under the leadership of the current Prime Minister's father, Mr. Retirement or Financial Freedom? In the past most people never retired. They died. The Realities Of Market Timing Market timing systems are based on patterns of activity in the past. Every system that you are likely to hear about works well when it is applied to historical data. Super Rules, OK? Do you rule your superannuation or does it rule you?It's easy to fall for some myths about your super unless you do some clear thinking about who is in charge. Virtually all Australian employees now have a superannuation account, many have several, even more than they know about. High Volatility Investments Penny stocks and options are high volatility investments that attract both the trader and the long term investor because of the small amount of capital required to make substantial gains as compared with less volatile higher priced stocks. The long term investor buys a stock believing that a company's value will increase over time and the stock price along with it. Investing for Retirement - Not an All or Nothing Play In 1519, Hernando Cortes, beached on the shores of unexplored Mexico, made a fateful decision: he would burn the ships he and his men arrived in and attempt to overthrow Montezuma and the mighty Aztec empire. The decision was risky. Retirement Plan Considerations Cheat Sheet for Small Business RETIREMENT PLAN CONSIDERATIONS are something every small business person needs to be thinking about. Do you have a strategic plan? Don't expect to have social security save you. Top Ten Investment Mistakes 1. Lacking an investment plan a/k/a/ "Don't take a trip without packing the map". Holy Grail Investments Every year I go to the Money Show in Orlando, Florida. Thousands attend. Poll Names Coin Laundries Best Investment For 2005 According to Morton Pollack, CEO of PWS, The Laundry Company and editor of the newsletter, "Historically, laundry owners have been a quiet group. Knowing they are onto a good thing, they've been pretty reticent. Trading Expert Discovers Ways To Beat Stock Market Odds With Money Management The first point to mastering money management is that you have to understand when you're trading on the stock market is that you are playing the odds - but unlike many forms of gambling, you can make money. The key to making this money is to respect the risk that is part of the market, and manage it.
|
| home | site map |
| © 2006 |