Your profit and loss statement, by accounting rules, tells you whether you make money. That’s only part of the story. If you, as a business owner, don’t pay close enough attention to your cash flow, you might end up going out of business, even though it is profitable.
Even though only a few weeks remain in this calendar year, you can still make a few financial moves to avoid serious tax surprises next April.
Why did it take so long for colon cancer screening to be a covered benefit when insurance has long paid for treating this malignancy? The short answer is that screening tests rarely, if ever, save money.
Paying off debt is a team effort once you are married. If you and your partner have debt on your hands, sit down and honestly discuss how to deal with it together.
When you plan for retirement, an exciting new phase of life, double-check your expectations. They may not match the reality.
The stock rally had a major interruption recently. The week ending Oct. 17 saw wild movements in stock prices. Is such volatility normal? Yes. Get used to it, because the market has changed and now emphasizes more speed.
Daydreaming of owning a second, seasonal home? A mountainside vacation house with a fireplace or two? Sounds enticing, but fulfilling this dream takes attention to detail and a firm vision of your long-term goals.
You don’t hear much about them, but closed-end funds offer a way to buy a good portfolio of securities, often for cheap. When markets fall (as they recently did and will again) CEFs can be attractive alternatives.
The hallmark of the undisciplined investor is a tendency to buy high and sell low – in other words, to follow the market herd. That’s what California’s public pension plan, the nation’s largest, and others like it did: CalPERS got into hedge funds when they were popular, and now that they’re not, it is bailing.
Selling stock at a profit generates capital gains taxes. If you have a large amount of a single stock and want to diversify, a swap fund allows you to do that without incurring this tax.