TMTW#341-Investing 101 Part 3 of 3

Tax and Money Tip this Week:
Investing 101 Part 3 of 3
June 21, 2017 | No. 341

This week we have a very important tip on investing concepts.

This series is not intended as investment advice, but only a general discussion of investing in the new millennium and in the age of the Internet, High Frequency Trading, and Machines.

Considering all the volatility over the last few weeks, here are some thoughts to consider investing today, that our parents may not have taught us.

Here’s a lesson that the 2008-2009 Great Recession taught a lot of people:

KEY LESSON:
Learn what Liquidity (or have a lot of cash or money markets available) means.  And know where this money exists and have access to it: to pay your bills, meet obligations, and the unexpected.

RECOMMENDED:
Classic certified financial planning advice says you should have 9 months of your monthly obligations of cash at a minimum in safe places, easily accessible.  We like to see 12 months of cash reserves.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW#340- Investing 101 Part 2 of 3

Tax and Money Tip this Week:
Investing 101 Part 2 of 3
June 14, 2017 | No. 340

This week we continue our series on investing concepts.

This series is not intended as investment advice, but only a general discussion of investing in the new millennium and in the age of the Internet, High Frequency Trading, and Machines.

Considering all the volatility over the last few weeks, here are some thoughts to consider for investing today, that our parents may not have taught us:

  1. Always limit your losses on any stock or mutual fund to 7-8%; frequently, you can limit your losses sooner.  Let your gains run.
  2. Know when its time to sell a stock or mutual fund.
  3. In today’s market, know how to be agile and nimble when necessary.
  4. ALWAYS protect your capital.

More on investing next week.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW#339- Investing 101 Part 1 of 3

Tax and Money Tip this Week:
Investing 101 Part 1 of 3
June 7, 2017 | No. 339

This week we will start a series on investing concepts.

This series is not intended as investment advice, but only a general discussion of investing in the new millennium and in the age of the Internet, High Frequency Trading, and Machines.

Considering all the volatility over the last few weeks, here are some thoughts to consider for investing today, that our parents may not have taught us:

1)  It’s OK not to play.
Point:  You do NOT have to be invested all the time.

2)  Have a goal and an exit plan in mind.

3)  Never fall in love with any stock.

More on investing next week

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW#338- Good Communications is Key to Lowering Taxes

Tax and Money Tip this Week:
Good Communications is Key to Lowering Taxes

May 31, 2017 | No. 338

After over 30 years in the tax business, we continue to find that solid accounting and good communication with your CPA is the key to lowering taxes.

Solid bookkeeping for your business enables you to take the most deductions possible while minimizing taxes.

Year-end tax planning also helps you know what to expect on April 15th, prevents unwanted surprises, and saves a lot of taxes for our clients each year through this valuable service we offer this time of year.  We frequently save our fees through solid recommendations.

Business owners are always looking for ways to maximize your profits and minimize your expenses. Occasionally, you may be approached by folks other than us regarding estate or investment planning.

A quick (even 15 minute or less) phone call with your trusted advisor CPA about topics such as these can help you be sure you have considered all the financial and tax impacts on you, your company and your family.

When you are considering any significant financial decisions, we are available.

Give us a call.  Sometimes it can mean saving thousands of dollars.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW#337- Happy Memorial Day

Tax and Money Tip this Week:
Happy Memorial Day
May 24, 2017 | No. 337

This Memorial Day we honor and remember all of those who have fallen for our freedom.
Have a safe and happy Memorial Day

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #336- Understanding the Annuity Expenses

Tax and Money Tip this Week:
Understanding Annuity Expenses
May 17, 2017 | No. 336

Click here to read the article

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW#335-Explaining the Basics of Annuities

Tax and Money Tip this Week:
Explaining the Basics of Annuities
May 10, 2017 | No. 335

Explaining the Basics of Annuities

Click here to read the article

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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