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financial control

Advantages and Disadvantages of ETFs

Phil Town

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Posted in financial control

ETF. Exchange-trade fund. A security that tracks an index and represents a basket of stocks like an index fund, but trades like a stock on an exchange, thus experiencing price changes throughout the day as it is bought and sold.

Perfectly Legal, 100% Free, Tax Loopholes

Phil Town

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Posted in financial control

If we could just buy and hold, there wouldn’t be a tax issue. Unfortunately, we’re not geniuses enough to know the stock can’t go lower, and Mr. Market is far too irrational to be trusted. So we use the Tools, get in and out with the big guys, and avoid the danger of holding in a market that can crash. Great. Except now the Feds can tax us.

The Ugly Game of Assets Under Management

Phil Town

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Posted in financial control

Get this into your head: Mutual fund companies are not in the stockpiling business or even the investing business. They are in the asset-collection business. They call it AUM and, like the yoga mantra “om,” they repeat it endlessly to assure a happy life.

What is a Berky and Do You Need One?

Phil Town

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Posted in financial control

Stockpiling your way to riches wouldn’t be possible if it weren’t for Mr. Market. But it also wouldn’t be possible without a proper place to stash the excess cash that you’ll be using for your investments.

The Problem With 401k Programs

Phil Town

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Posted in financial control

Since I’m a former river guide and not a tax attorney or CPA, I’m not going to advise you about how to set up these plans.

I will tell you however, I’m not a huge fan of the 401k programs because most of them force you to invest in mutual funds.

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