Uno. Asset Allocation is an investment planning tool, not an investment strategy… few investment professionals understand the distinction. Investment strategies are used to implement the asset allocation formula that investment planning produces. Many investors incorrectly believe that investment planning and financial planning are one and the same. Financial planning is the broader concept, one that … Read more
Overview – An IRC §1031 tax deferred exchange allows owners of real estate to defer the recognition of a capital gains tax they would have recognized when they sold their property so long as they reinvest in other “like-kind” real property. Tax deferred exchanges are not new – they have been available in one form … Read more
Multilingual markets and the collapse of the US dollar This first 2008 quarter is about to end, and the US dollar keeps on dropping against other major currencies to reach some of its most embarrassing low records: It is over 50% weaker than the Euro and, for the first time in so many years, … Read more
A like-kind exchange, also referred to as a 1031 or Starker exchange, allows a taxpayer to defer paying tax on the sale of a property. Like-kind exchanges are wonderful and powerful tools to use in tax and wealth strategies, but ONLY when used correctly. If like-kind exchanges are used incorrectly, the result is not just … Read more
Timing is everything when it comes to marketing. I want to buy a new car but have to wait for a year but in the meantime I visit several cars dealerships. Of course the salesperson does everything possible to sell me a car that day but how many follow up with me and make their … Read more