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The Housing Bubble That Wasn’t

In a column in August, I reported that almost every large news magazine and major newspaper was predicting the real estate bubble was about to pop. I concluded that, when the major financial press all agree an event is eminent, that is the best guarantee it probably...

A Budget By Any Other Name

Living within a budget would seem to be a perfectly straightforward proposition. The first part of the task is creating the budget. You list all of your income, then list all your expenses, add them up and compare the two. The second part is following the budget. You...

What Are You Saving For?

What are you saving for? For financial planners and other financial advisors, it’s easy to become immersed in the details of investment portfolios and retirement plans. Those of us who get excited dealing with the mechanics of investing—the “how”—sometimes forget that...

Possible Tax Relief for Mutual Fund Investors

Every year at the beginning of tax season, when tax statements are sent to investors, I know that I will be getting a few phone calls from new clients who are not pleased.  They have the following question:  “This form shows that I had a taxable capital gain...

Conscious Cash Flow or Savings?

Call it what you want, just do it! One of my friends—coping with two upcoming family weddings, an elderly parent’s poor health, and looming deadlines at work—said with exasperated resignation, “I’ve decided life just consists of interruptions, and I might as well get...