Investment Theories That Work . . . Occasionally
January 1, 2002
Recently, many personal finance magazines came out with their “Best Funds for 2002” issues. These publications want you to believe that they can predict which mutual funds will be extraordinary this year. I doubt this is possible. Investment publications and, for that matter, investment gurus love to make stock market predictions. It is, after all, exciting. It sells magazines and keeps investors coming back for more strategies that might …
A Small Business Grows Up
January 1, 2002A business is a lot like a baby. If it is healthy and well cared for, it cannot help but grow and, eventually, make its own way in the world. While not every parent will welcome this independence, the wise parent at least will plan for it. My baby is growing up. Nine years ago, I sat alone in an office that once was a movie theater, assembling a desk …
What’s New For Income Tax in 2002?
January 1, 2002The Economic Growth and Tax Relief Act of 2001 represents the most significant tax cuts since 1981. Its features range from lower income tax rates and additional tax incentives to save for education and retirement to the decrease and eventual repeal of the estate tax. While the long-term impact of the act remains uncertain because of its many delayed phase-in and sunset provisions, the following items take effect this year. …
College Savings Plans Make the Grade
January 1, 2002Although the birth of a child may give you joy and excitement, it also raises the inevitable question of the best way to save for Junior’s education. A relatively new investment vehicle, known as a Section 529 plan, addresses the college savings burden. There are two types of Section 529 plans. A “prepaid tuition plan” primarily covers in-state tuition at public institutions. Basically, you purchase tuition credits or certificates on …
A Small Business Grows Up
January 1, 2002A business is a lot like a baby. If it is healthy and well cared for, it cannot help but grow and, eventually, make its own way in the world. While not every parent will welcome this independence, the wise parent at least will plan for it. My baby is growing up. Nine years ago, I sat alone in an office that once was a movie theater, assembling a desk …
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