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5 Ways to Increase Your Investment Income

February 16th, 2012 2 comments

When I started investing for income, my primary goal was to find good companies to invest in. An investment that pays you income is easier to value and much more likely to be an investment that is shareholder friendly. Also, a track record of paying dividends implies that the company manages its finances well.

After investing for a period of time, I have realized that your investment income can be a very powerful tool to increase your spending or supercharge your reinvestment into other companies that are attractively valued. By continuously putting money to work in the market can enable you to get outsized returns by taking advantage of opportunities that develop. Or, you can also just spend the money without selling any shares!

The more investment income you create, the better off your portfolio will be. Here are some tips to increase your investment income.

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Weekend Investor: A Flat Tax Would Cause…More Unemployment

November 19th, 2011 No comments

For the first time a major Republican candidate (Rick Perry) has supported a Flat Tax proposal. Also, we can at least partially credit Herman Cain’s Flat Tax proposal (the so-called 9-9-9 plan) for elevating him to the top of the candidate heap. Flat Tax proposals have been around as long as taxes have existed. You may remember Steve Forbes, a second tier former presidential candidate who proposed such a tax plan when he ran in years 1996 and 2000. At that time it didn’t gain any traction.

Why are these proposals gaining traction now? The main reason is that economists, politicians, and other exports are realizing that as a country we are losing our competitiveness at least in part because of the tax system. There is pretty much a consensus in Washington that the Corporate Tax system is uncompetitive with other nations. The best that we could do is to at least get the U.S. back into the middle of the pack in tax competitiveness so that business decisions could be made on the other merits.
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It’s The Wild West With Mobile Investing Apps

November 15th, 2011 No comments

For an investor, a smartphone is cool device that can be used for virtually any need that used to require a PC. Smartphone apps are still not full replacements for PC apps, for a lot of reasons the most obvious is that the market is still immature. But it’s changing fast. Ten years ago, getting real time quotes was a luxury that was available at extra cost, whereas today many mobile apps provide real time information from day one.

I had a wakeup call when I was adding an additional broker to my Wikinvest Mobile iPhone app.
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Weekend Investor: The Elderly Have All The Wealth

November 12th, 2011 No comments

How can you get wealthy? The answer is revealed in this recent news report. The amount of average wealth is larger the older you are. Duh! Many people may think that some magic fairy hands it out, or my favorite phrase, “distributes it” by some governor.

This is not rocket science, no special study is required to conclude the obvious.
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Why It’s Hard To Value Stocks

November 11th, 2011 No comments

Stock valuation is one of those skills that are subject to interpretation, gut instincts, as well as hard numbers. There is no magic formula and if you only use hard numbers or instincts alone you will likely be disappointed, or worse get crushed by the market.

One way to mitigate stock valuation is to diversify, index, or hand your money over to a money manager. From this point of view, buying a broad based index fund at an overall attractive valuation can be an easier way to investor success. However, at Six Figure we are stocks pickers. Why? Selecting the best stocks offers the ability to get great returns that are better than ETFs. I’ve done it, others have, and you can too.
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