Archive - March 25, 2011

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4 Tips To Help You Save on Your 2011 Taxes
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An Alternative Strategy To Protect Investors Against A Collapsing U.S. Dollar
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3 Tips To Help You This Tax Season

4 Tips To Help You Save on Your 2011 Taxes

While making my way through tax season, I see several items that can be done year round to make your life easier from a tax perspective.  Here are just a few that can save you time and money.

Cost basis

Technology and regulatory reform have made keeping track of what was paid for investments easier, but not perfect yet.  Any time you move investments from one financial institution to another, make sure you ask the institution that you’re leaving for the cost basis on the investments.  It’s much more difficult to go back years later and ask about an account …

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An Alternative Strategy To Protect Investors Against A Collapsing U.S. Dollar

Investors have inquired about devalued dollar investments, investments for a dollar collapse, and have asked “will inflation cause a crash?” The standard answer that most advisors offer is that to protect from a possible collapse of the U.S. dollar one should invest in gold, silver, precious metals, oil, energy stocks, stocks of companies that save on the cost of fuel such as railroads, etc.

An alternative technique to protect from a possible collapse of the U.S. dollar one should consider investing in foreign currency.

How does one invest in foreign currency?

• Open a bank account denominated in foreign currency…

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3 Tips To Help You This Tax Season

As an investor you take on risk in the hope of receiving sufficient reward to justify that risk. That is just basic investing; where there is no risk there is no reward. Another basic reality of investing is that governments love to tax any profit you happen to make. It may not seem fair that you take the risk and they get some of the reward (ok, it more than seems unfair) but, “that’s the cost of living in a civilized society” (or so say those that take your profits).

The reality of investment-related taxes means that tax planning is …

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