AdviceIQ Articles

  • Why Bash Germany’s Success?

    Germany is just too darn successful. That’s the complaint from Washington and other European nations about the large German trade surplus, which they think the Federal Republic should tap to increase domestic demand and thus help its economically limping neighbors. How foolish.

  • Protecting Against ID Theft

    You shop, you swipe your card, you leave the store. Here’s what to know if your card information gets into the wrong hands.

  • What to Do With Cash

    Holding cash these days means watching taxes and inflation chew its value away. But you need some cash on hand for emergencies. How much, and how do you allocate it to get the best return in a time of extremely low rates?

    Low interest rates were not a problem back in the 1980s, when they were sky-high. Back then, you could get certificates of deposit paying a double-digit interest rate.  Today?  Good luck finding a single-digit on the left side of the decimal point reading anywhere north of the number “1.” 

  • End-of-World Money Moves

    The coming financial crash always looms. End of the markets, end of civilization, end of the world. How do you prepare?

    I, along with many other economists, agree with many of the concerns in these dire warnings. The growing debt and deficit spending taxes those holding dollars. The devaluation in the U.S. dollar risks the dollar’s status as the reserve currency of the world.

  • Sit-Back-at-Last Biz Owning

    One of your best moves to improve the value of your business: Make yourself operationally irrelevant. In other words, the place runs well without your being the hands-on boss.

    I call this making yourself into a passive business owner. This doesn’t mean that you don’t care or don’t work in your business. It means you finally let others take care of the day-to-day operations.

    Loosening your grip on your cherished business comes hard. Here are some tips.

  • Housing, Energy and Investing

    A roof over your head and gas in your tank cost more than ever. But prices for these essentials color your view of investing.

    What do your nest egg, retirement planning and personal finances share with the overall American economy? Plenty, especially when it comes to the bite from energy and home prices.

    In recent years rising gasoline and heating or cooling costs gobbled up family income, even as a depressed housing market erased personal wealth and left Americans feeling uncertain about their economic prospects.

  • Why Predictions Don’t Pan Out

    Do you know where the market is going? Lots of people think they do. Here’s one prediction that is guaranteed 100% accurate: Except for someone who is really lucky, the forecasters will be wrong.

    It’s all too tempting to look back over a good year or a bad year in the market and say to yourself, “Of course. All the signs were there. It was obvious that was going to happen.”

    The truth is that nobody has ever accurately predicted market movements consistently over time, and hindsight really is 20/20.

  • Your Returns Trail the Market?

    Remember that, before its recent winter downturns, whole segments of the market spiked last year. But your 2013 returns don’t reflect that. Should you worry? Not at all. What should you do about it? Nothing, other than re-balance your portfolio back to the original allocation you want.

    We’re well into a new year and all 2013 investment results are clear. I keep seeing 30%-plus increases for several asset classes and mutual funds for the year just past. You probably do, too.

  • Beware Scams at Tax Time

    Identity theft runs rampant during tax season. Here’s what to know and how to protect yourself.

    Identity thieves often swipe your bank or credit card account numbers, birth date information or Social Security Number (SSN) to steal from your accounts, open a new and phony account or make illegal purchases. In 2013, 13.1 million consumers suffered identity fraud – the second highest level on record, according to a survey by Javelin Strategy & Research.

  • Daring 2014 Market Forecasts

    To hear forecasters tell it, last year would not be noteworthy. They were way off. Does the stumbling start to 2014 portend a poor year ahead? Given the economy’s recovery and the Federal Reserve’s support, not necessarily. There’s a good argument that a modest year may be in store.

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