by Jay Beattey | Aug 26, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
When we build wealth the Wall Street way, we drag two boat anchors for our entire investing lifetime. Their names are taxes – and fees/commissions. Both take a toll on our account, but only one gets the attention. Accountants, CPAs, and law firms exist largely...
by Jay Beattey | Aug 26, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
You know tax rates in the future are likely to be much higher than they are today. Yet even with that head knowledge, many of us are doing the exact opposite of what we should be doing to minimize their impact, by saving money in tax-qualified plans like IRAs, 401ks...
by Jay Beattey | Aug 26, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
When markets climb into record territory, Wall Street-types start talking up risk management strategies. Here are three – and why they’re suspect: Dollar-Cost-Averaging – buying a position bits at a time, to “average” the overall cost basis of the...
by Jay Beattey | Aug 15, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Who doesn’t? Everybody dreams of fine things and a comfortable retirement. It just takes money. But building wealth today – and far into the foreseeable future, will require a different skill set, and different strategies than those that served our parents over the...
by Jay Beattey | Aug 15, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Why would I title a blog about building wealth, “how to fail”? Because part of a viable success strategy means figuring out how we could screw it up – and eliminating failure as a possible outcome. While it may seem there are endless ways to fail, the good news is...
by Jay Beattey | Aug 1, 2013 | Articles, Personal Finance, Wall Street, Wealth Building
Stock markets are at all-time highs – even as the economy remains stuck in neutral. That has even the Wall Streeters nervous – and they’re preaching “diversification” to their clients. But diversification will do little to protect an investor from an...
