Leaders in the Senate are currently working to extend and then systematically phase out the $8,000 first-time homebuyer credit. The credit which was originally destined to expire on November 30th, has helped to boost low-end home sales across the country. Under the proposed extension, buyers closing on their homes prior to April 1st would receive the full $8,000 tax credit. [...]
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You’re probably familiar with Arthur Cashin if you watch CNBC regularly. For those unfamiliar, Art is the head of floor operations for UBS and a daily commentator on CNBC. Art is usually on in the morning and provides us with his market insights that are backed by 50 years of experience. Say what you will [...] I’m always reading articles and listening to “financial gurus” who tell individuals ***with extra money*** not to pay down low interest rate debt. Instead, the expert advises paying the minimum on mortgages and student loans so the difference can be invested in stocks. In theory, this will give the individual greater returns, as the stock markets historical average of 10% [...] Successful investing isn’t easy. In addition to having a basic level of financial competency, successful investors must also exhibit a high degree of discipline and emotional control. Without all three of these characteristics an investor’s returns are likely to disappoint. After all, one can be as financially astute as Warren Buffett or George Soros; however, [...] A year has past since the credit crisis wreaked havoc on the world’s financial system. During that year of reckoning, firms on Wall Street that were lucky enough to survive (or should I say get bailed out) reduced annual bonuses by nearly 45% from the prior year. Fast forward one year and my have things changed. Now, a mere [...] Those who don’t learn from history are doomed to repeat it, that’s how the old cliché goes. As the major stock indexes continue their march higher, some find that these iconic words of caution are particularly relevant in our current environment. The argument can be made that the fundamentals unfolding presently are uncannily similar to [...] |
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Composure: The Key To Risk Tolerance
I’ve already mentioned in a few posts that it’s vital to have an asset allocation that matches your time horizon and risk tolerance. Figuring out your time horizon is simple enough, but things get a little more difficult when it comes to assessing your risk tolerance. Some advisors will point you to a standard questionnaire that is suppose to [...]