Archive for Investing
529 Plans New Rules for 2009 and 2010
Posted by: | CommentsIf you have money in a 529 plan to save for college, good for you. 529 plans represent one of the best vehicles for educational savings, and with the cost of tuition skyrocketing faster than anyone can keep up with, they also represent the middle class’ only hope of paying for even 1/2 of a college education in the future. When 529 plans were created, lawmakers attempted to correct some of... Read more→
Sell Banks Stocks or Buy Bank Stocks
Posted by: | CommentsOk, here it comes. After the government released the results of its stress tests, banks are scrambling to come up with ways to raise huge amounts. It seems that the government money that was a much vaunted and absolutely necessary lifeline to banks has become tainted now that it comes with, horror of horror, strings on how the money can be spent. As if the banks ever handed out a huge loan... Read more→
SEC Advisory Committee Recommends Ways to Improve Financial Reporting
Posted by: | CommentsThe SEC became concerned that financial reporting and disclosure was in need of some smoothing out and improvement, so in true government fashion, it formed an advisory committee to explore ways to improve financial reporting for investors. You may recall that I mocked the whole thing based on the fact that A LOT of that complexity is actually the fault of the SEC and other assorted regulators who... Read more→
A Financial Advisor Makes Money
Posted by: | CommentsToday’s inspiration comes courtesy of All Financial Matters (a solid blog with good hard numbers data) who notes that a Money Magazine article called “The Mole” discusses how just because a financial advisor says he puts his clients first doesn’t mean he does. Really? Did I miss something? If it says “I put my clients first” on an attorney’s website does that mean that he does,... Read more→
