****** A note from Jeff Nabers ****** I asked attorney Dan Marsh to shed a bit of light on entity maintenance and its importance. With a general purpose LLC, failing to properly maintain the entity can result in "piercing the veil" which means subjecting creditors to assets of the LLC owner(s). … [Read more...] about Entity (LLC) Maintenance – Keeping your Corporation or LLC Legitimate
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Asset Protection: Multiple LLCs
LLC stands for limited liability company, and that is the primary purpose for forming such a legal entity. When you enter into a business transaction as an individual (aka sole proprietor), if somebody decides to sue you, all of your personal assets can be subjected to satisfying the law suit. The … [Read more...] about Asset Protection: Multiple LLCs
Self Directed IRA/401k vs. 1031 and other conventional RE tax strategies
Conventional Tax Strategies for Real Estate Many real estate investors boast of their tax strategy as involving one or more of the following: Depreciation - This is a tax concept where the property owner pretends that his property is decreasing in value. For residential real estate, it assumes that … [Read more...] about Self Directed IRA/401k vs. 1031 and other conventional RE tax strategies
Stock Market Profits: Luck, Insider Trading, Arbitrage, Big Fish, and Geniuses
Luck... Doing very well in publicly traded securities is sometimes a streak of good luck. I've had a terrific run on the craps table in Vegas many times. Eventually, I run out of good luck. Many people experience the same thing with trading. Insider Trading... This is when a person has non-public … [Read more...] about Stock Market Profits: Luck, Insider Trading, Arbitrage, Big Fish, and Geniuses
Checkbook Control 2.0 (for the self employed)
With tens of thousands of self directed IRA investors utilizing LLC structures to enjoy "checkbook control" authority of their self directed IRA investments, this post may serve as great news for those who aim to follow suit. Solo 401(k) retirement plans can grant direct checkbook control without … [Read more...] about Checkbook Control 2.0 (for the self employed)
Consumer confidence falling & the $600 checks to save the day
Did you get your $600 check yet? What will you do with it? Surveys are saying that most Americans will use their "Economic Stimulus" check to deal with gas, food, and catching up on bills. This doesn't stimulate the economy. Consumer spending stimulates the economy. In other words, the Department … [Read more...] about Consumer confidence falling & the $600 checks to save the day
How come I've been losing 4% per year over the long run in a stock market that returns 10% per year?
One investment philosophy that has grown in popularity is "Because most mutual funds can't even outperform stock indices, just invest in index funds." This idea builds on the assumption that "over the long haul, the stock market goes up 10% each year." Guess what... The stock market does not go up … [Read more...] about How come I've been losing 4% per year over the long run in a stock market that returns 10% per year?
Trust Yourself
In a world where we see stories unfold such as: Enron WorldCom Tyco Subprime mortgage crisis Mutual fund mortgage overexposure and misreporting Fannie Mae & Freddie Mac accounting scandals Insolvency of Investment Bank Bear Stearns ...most Americans are running low on trust when it … [Read more...] about Trust Yourself