Yesterday Major League Baseball and the Los Angeles Dodgers announced that the team had been sold to former Los Angeles Laker Magic Johnson and Guggenheim Partners for a record $2 billion. This is the largest price tag to ever be placed on a sports franchise. Some people are going to question whether or not this…
There comes a point in everyone’s life where they will stop working. For most people it will be at the end of their career, when they are simply too tired to keep up with the daily grind. Retirement is something for which a worker should actively plan. Since social security was only designed to cover…
Starting this year there is a big change in regards to cost basis reporting for investments. Because of the Energy Improvement and Extension Act of 2008, brokers (Scottrade, Sharebuilder, ect) are now required to file adjusted cost basis on any security that you sold in 2011. This is reported on IRS Form 1099-B. For those…
Over the last few months one of the hot topics has been whether or not it is fair that investment income is taxed at a lower rate than wages. A couple of weeks ago Republican presidential candidate Mitt Romney released his 2010 tax return and it showed that he paid roughly 15% tax on around…
In my opinion one of the best investment tool is the ETF. ETF’s act a lot like mutual funds except just like stocks they can be bought and sold throughout the day. A lot of people like ETF’s because they track a specific sector or index which helps to promote diversity in your portfolio. There…
A while back I was reading a New York Times article with George Foreman about how he returned to the boxing ring in the late 1980’s. The reason was not necessarily because he missed the ring but because he was flat broke. Foreman had managed to squander $5 million and fighting was the one way…
All over the news the entire summer were stories questioning whether or not the United States and world economies were slipping back into another recession. More and more months go by and job creation is still not being see in the US. There are more and more issues creeping up in Europe that are scaring…