Market volatility is a fact of life. Stock prices fluctuate from day to day, and markets move up and down over time along with the economy and business cycle. As a student of Jeremy Siegel of the School of Wharton, University of Pennsylvania, over time the market will return 8 to 9 percent over the cost of living.
This is the first part in a two-part series about being audited by the IRS.
Reading an article some time back I came across a philosophy of life. I don't remember who wrote the article and I am sure I can't remember all the parts of it, but one portion surfaced last Saturday. It was, "Whenever there is a lemonade stand, stop and buy some from the proprietor. That child is going to be running his or her own business some day and they need to be encouraged."
In last week's column, we talked about beating the recession by creating your own business from home.
You have worked hard all your life to accumulate a pool of retirement assets. Now, or at some time in the near future, you will want to turn all or a portion of that pool of assets into a stream of income that will last as long as you live. It won't be easy with the ups and downs of the economy, which is normal, but currently we have to be more concerned for the additional problems caused with our energy costs and the financial markets fiasco.
Editor's Note: The Friday business columns known as Business Law will now be known as It's the Law.
Capital gain relief for widows and widowers
I read with interest an article on the front page of The Signal on Monday. Several local business owners were interviewed and quoted about declining sales revenue, a reduction in customer buying and the impact of increasing costs on their businesses.
It seems that every time we turn on the news these days we hear an endless litany of big corporations that are closing their doors, thousands of workers being laid off across the country, more jobs being outsourced and everybody losing money (unless you're in oil). The unemployment figures that politicians spout as going down, is only going down because laid-off workers are falling off the unemployment list after using up their 26 weeks. But don't let this discourage you, because it may be to your advantage.
Working from home is the new way forward! Think like an ...
In previous articles, I have discussed the advantages of using living trusts as an estate planning tool. It is extremely important that your estate plan is drafted only after a personal consultation with an attorney so that the plan can be customized according to your specific situation and desires.
It would be nice to believe that every organization is a proponent of continuous marketing (which means marketing in both strong and slowing economies), but not everyone has done so. Many of the organizations that did not market when times were good are now suffering. Others that should know better are becoming nervous as the bad news of the economy is reported and so these firms are cutting back on marketing and other expenditures.
When times are good, and business is plentiful, businesses are often so busy they do not have time to market. They are busy taking care of ...
Cross my palm with debit cards - not silver!
While the financial gurus are wringing their hands over the rise in credit card debt, consumers are going their merry way with their debit cards. The use of debit cards has increased more than 50 percent in just seven years, and banks see profit in the trend. They're cranking up the frequent flier and other rewards to encourage debit card use.
If you and your spouse pass away leaving minor children, have you selected someone to serve as their guardian? Have you chosen someone to manage their finances?
Day one: Make sure your organization has tests and yardsticks to measure performance. Are you measuring the most important things or just things you have always measured?
Everyone would agree that a structured sales method is needed for maximum efficiency, yet we all know of companies that ignore this fact. Without a set of steps or structure, sales are lost or ineffective so the process in use has to be assessed.
I recently attended an investment seminar and received the following information which is taken from a paper written about personal finance by two professors of finance and insurance, David Babbel and Craig
Do you remember when Google was just a cool and reliable Internet search engine? PC Magazine recognized the company as the search engine of choice in the top 100 Web Sites for 1998.
Books like "Built to Last," "The Breakthrough Company," and "Good to Great" were written to help business people improve the companies they own, lead and run.
The housing market in the Santa Clarita Valley started the New Year tentatively, yet encouraging news abounds as the traditional Spring home buying season approaches.
If you wonder why your sales people aren't more productive, aren't making enough presentations and are slow to close deals, it might not be the industry you are in, your location or the economy not cooperating.
According to the recent news release from the Bureau of Labor Statistics the US economy added 113,000 jobs in January 2014 and, "…job gains occurred in construction, manufacturing, wholesale trade, and mining…Employment in manufacturing increased in January (+21,000)…Manufacturing added an average of 7,000 jobs per month in 2013."
Years ago a major manufacturer hired a research firm to conduct a survey of the cultural climate of the company.
Under the federal Ability-to-Repay rules that went into effect Jan. 10, lenders received guidelines on the type of financial information homebuyers must provide lenders when seeking a loan.
Research suggests that employees do not leave because of the company they work for, but they quit because of their manager.
What is our fascination with forecasts? Are they really helpful and how can we use them for planning purposes?
At the end of the first month of the year, are your objectives for 2014 being met? Have the results versus your goals left a gap? Are you worried that what happened or what didn't happen in January can spread to February? Or March?
In May, 1976 I had just finished what I first thought was my junior year of college. When I put a pencil to things, I discovered I was not 12 months away from graduation, but closer to two years.