August 4th, 2010 | By William Allan | No Comments »
Including T-Bills, GSA & Treasuires, foreign ownership of U.S. debt has risen to $5 trillion from close to zero just 30 years ago. China alone holds close to $868 billion, or close to 22% of all foreign ownership. Our total federal debt is now $13 trillion, up from $8 trillion five years ago and now [...]
July 9th, 2010 | By William Allan | No Comments »
I’m currently helping a client get their home buyer tax credit. Call today if you need help with this or any other tax-related issue.
July 9th, 2010 | By William Allan | 1 Comment »
“As far as I am concerned, the stock market doesn’t exist. It is there only as a reference to see if anybody is offering to do anything foolish.”
July 9th, 2010 | By William Allan | No Comments »
Today more than ever investing can be confusing. Think about this while you build your portfolio - Invest in productive assets. Although commodities, currencies and bonds can produce returns, they cannot be “productive” in the way equities are, nor are they guaranteed to preserve purchasing power. Don’t overlook this. If you invest in a 10-year bond today that pays you $1,000 per [...]
June 3rd, 2010 | By William Allan | No Comments »
Warren Buffett on Who’s at Fault for the Financial Crisis: Everyone
By DAN BURROWS Posted 3:54 PM 06/02/10 People, Investing, Moody’s Corp, McGraw-Hill
Billionaire Warren Buffett on Wednesday delivered a pretty demoralizing explanation of the origins of the financial crisis before a panel that’s investigating that very issue. The proceedings’ intent was to examine the role Moody’s [...]
April 29th, 2010 | By William Allan | No Comments »
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April 27th, 2010 | By William Allan | No Comments »
Renewed concern about debt contagion in Europe drove the Dow Jones Industrial Average back below 11000, and sent investors fleeing from the euro, commodities and emerging-market debt.
Standard & Poor’s sparked the selloff by cutting Greece’s debt rating to below investment grade, or “junk,” and cutting Portugal’s rating two notches. The move on Portugal inflamed investors’ [...]
April 22nd, 2010 | By William Allan | No Comments »
With the 2009 tax season in the rear view mirror now would be a good time to do a tax time review. To say there are many changes to the tax code that also impact your investing is an understatement. Call us today for a no cost review of your taxes, investments and retirement. 818.436.9178.
April 1st, 2010 | By William Allan | 2 Comments »
Please don’t try and prepare your own taxes. If it seems like tax laws are changing every time you time around, it’s not your imagination. Over the past eight years, changes to the Tax Code have been made at a rate of more than one a day. According to the office of the National Taxpayer [...]
April 1st, 2010 | By William Allan | No Comments »
Social Security Payouts to Top Revenue This Year
By DOUGLAS MCINTYRE Posted 5:50 AM 03/25/10 Retirement, Economy
Economists have said for some time that the Social Security fund would run out of money sometime between 2035 and 2040. At that point, it won’t be able to provide older Americans any safety net at all. This year the [...]