Royalty trusts are a great way to add income to your portfolio. The fact that you can reduce the taxable portion of your ‘royalties’ by factoring in administrative expenses and depletion is an added bonus. The downside is you have to calculate those expenses yourself based on the Tax preparation booklet Royalty trusts will send [...]
Steve Jobs was a visionary, a technologist, husband, father and an inventor. Jobs is listed on 342 patent applications, either as an inventor or a co-inventor ranging from computer software to staircases. Here are some of his other inventions…
You do the usual, contribute to your 401K, you max out your IRA, you save and invest every month what you think is a pretty decent amount. But, at the present rate, if you were to retire at 65, can you tell what your income would be? Most don’t have a clue! To be fair, [...]
On an average, a person will switch about 9 jobs during his working career. If he was lucky and smart, he probably enrolled in 401K plans when available. Now, if he didn’t bother consolidating his 401Ks, that’ll be 9 different accounts to remember at the time of retirement! When you decide to leave a company, [...]
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MLPs offer excellent yields, but if you hate paperwork come tax time, MLPs are not for you. First you have to wait at least till March 15th before filing taxes. That’s the latest you receive your MLP specific tax document called Schedule K-1s. You’ll receive one for each MLP you own and they are sent [...]
If you are looking to invest in passively managed Mutual Funds, look no further than Vanguard. Vanguard offers a wide range of funds with very low overheads. Thanks to Vanguard, more and more fund companies are offering low cost mutual funds. Before Vanguard, funds with 0.18 expense ratios were unheard of. I recently opened an [...]
Times have changed! I remember 10 years back, when I joined a Credit Union that happened to be outside my state, the only way I could deposit a check was to find another credit union’s ATM and make a deposit. Soon they introduced prepaid deposit envelopes. Now a deposit would mean a trip to the [...]
I recently consolidated all my assets from various brokers to WellsTrade. I actually had 5 different brokers! Since trading in ETFs is a part of my investing strategy, I needed to pay close attention to trading costs. Each $7 I pay in trading commission could potentially mean $24 in 15 years! After researching various brokers, [...]
IngDirect provides a free iPhone App to manage accounts. I thought I’ll give it a spin. Went to the App store, sure enough IngDirect provides not one, but two applications, one to manage accounts and an ATM finder for those who have an IngDirect ATM card. Incoming search terms:ing direct iphone app