Series: Some basics ~ Stock market investing

Some Basics: Introduction to tools for protecting and growing your Net Worth.

Stock trading is not my investment vehicle of choice. But since clients add this into their mix, here’s some input.


Brokerage tools:
  • Quick n easy ‘Apps’:Paul Anibal Realty Net Worth tax real estate broker fenton mi linden byron hartland
    • Examples: Webull, Robinhood
    • +’s: Quick tool for cellphones, etc.
    • -‘s: Can be limited in research, charts and graphs. Easily draws in the inexperienced with potentially horrendous consequences.
  • Expanded services & website brokerages:
    • Examples: Etrade, TD Ameritrade
    • +’s: Lots of tools you should be using
    • -‘s: Need to sit at a PC to use the tools and invest the time ~ actually, that’s a plus

Site tools:

A word about Real Estate: paul anibal real estate investment roi flipping properties fenton michigan investing in houses


What now? Please solicit advice from multiple sources based on various areas of specialization….e.g.: professional insurance/ legal/ tax/ financial planner/ lender/ realty broker/ and even a spiritual advisor. Yes, even your pastor will have great insights to share re: what the rest of us professional see ‘after the fact’. Scripture speaks more to finances than other topics & its the #1 issue in relationship conflicts.

I can’t stress this enough, virtually every family has ‘issues’ when $’s and control come to play.  Many client families I’d never dreamed would have had disagreements have family splits, even when little to nothing was left to disagree over.

Well the key word is ‘now’. Advice & planning is worthless after someone becomes feedback_todo_checklistincapable of handling their affairs, or passes. Review your strategies and go forward. Later, the complexity and expense – financial and emotional – will grow exponentially!

Don’t know where to start? Do the clerical work. Don’t know where that starts? Contact me for assistance.

Our approach will be looking at the bigger picture. You can also begin by sharing you’re thoughts, dreams, needs, goals, and comfort parameters.


Related Articles:

Anibal-Group-LLC-RealtyNetWorth-b-w-contemplation

Year-end tip(s):  Update your Assets spreadsheet. Keep a draft of your Trust/ Will documents on a google drive format for easy sharing with your insurance/ legal/ and tax counselors.



Michigan Retirement Benefits – what’s taxable?

Here’s a ‘quick n dirty outline’:Anibal-Group-LLC-RealtyNetWorth-Senior_Services_mom-dad-time-to-sell-house

  • “…Retirees born before 1946 are not likely to see any change in the tax treatment of their benefits.
  • Retirees born during the years 1946 through 1952 will only be taxed on benefits that exceed $20,000/single filer or $40,000/joint filers.
  • Retirees born after 1952 will be taxed on all of their benefits until reaching age 67…”

More at



Long term care insurance – do I need it?

Well, after seeing a long time client use over $100,000 worth of LT care this year alone, you Anibal-Affiliates-RealtyNetWorth-Old+People+and+technologymay wish to visit this question closer. Fortunately, they had purchased LT care insurance.

http://www.aarp.org/health/health-insurance/info-06-2012/understanding-long-term-care-insurance.html


3 Reasons People Retire Broke

An easy read Dave Ramsey article points out a couple key pointers.woman_piggy_bank_000009343524

  1. Zero % ROI brings in nothing, in fact, inflation will eat it alive. You must invest.
  2. Jumping in or letting panic make you jump out…well, we just hear a sermon on this today. Read all of Mark chapter 13, then realize that there will be ups and downs but don’t run about in sky is falling mode. I know, easier to understand and you get older (ps, I’m older).   http://biblehub.com/mark/13-7.htm
  3. Stupid Decisions. A good read is The Millionare Next Door. Those that stay the course don’t tend to make impulse buys. But on the flip side, if your investment has seen good appreciation, evaluate it for some profit taking. What does that mean ?

When clients accumulate more than one investment property, I show them how they compare against others they own. If they own only one, I’ll give regular feedback on others that are available and how they might compare (ROI). When I was in my 20’s, I was about to make about $10k on a flip that I had $3k into. Dad said, “so you’ll get this much out of it, then rent will stop, and what will you do with the $x’s ?” He’d been trained as a teacher

On-duty

with an Economics masters degree so it was a straight forward question. I’ve used this approach each time I or a client has cleaned up a house. There are +’s and -‘s to a. selling, b. renting it out, c. ?….you get the idea. I prefer to get investors – and home owners as well – thinking more, jumping off cliffs of optimism less. At the same time, if your $50k house bought as a rental has now shot up to $120k in value and we can get that same rent from a another $75k house, well, I can lead you to water but I can’t make you drink.

 

  1. http://www.daveramsey.com/blog/reasons-people-retire-broke?ectid=10.34.637