tag:blogger.com,1999:blog-14245531.post8241558575278785403..comments2023-11-18T01:21:55.631-05:00Comments on My Open Wallet: Springtime Shopping SpreeMadame Xhttp://www.blogger.com/profile/11536189690094235926noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-14245531.post-28303421505155765492011-04-25T13:19:16.803-04:002011-04-25T13:19:16.803-04:00Two facts, as food for thought:
- Only 202 of the ...Two facts, as food for thought:<br />- Only 202 of the 500 biggest companies in the United States in 1980 were still in existence 20 years later. <br />- On December 29, 1989, Tokyo's Nikkei stock average reached its all-time peak of 38,915.87. Twenty years later, the Nikkei has never again reached that level — and, in 2009, reached a new low of 7,054.98.Financial Independencehttp://www.niterainbow.comnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-61097948840084939512011-04-16T22:30:46.712-04:002011-04-16T22:30:46.712-04:00You might get more stability in your investestment...You might get more stability in your investestments over the long term by designing wider asset allocation that tracks all financial asset classes, not just large company stocks. The S&P is not actually representative of the entire asset market or event the entire stock market. The Investment Answer, by Goldie, is a good book you might want to check into. (Yes, that book that got so much press earlier this year).moociferhttps://www.blogger.com/profile/01325412523164314073noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-11173475879603549152011-04-15T00:06:09.590-04:002011-04-15T00:06:09.590-04:00Okay, not sure why you are even getting a refund. ...Okay, not sure why you are even getting a refund. That's like giving the government an interest-free loan all year for the use of YOUR money. You should be sure to set up your W-4 with your employer so that you pay only the amount of taxes required all year and no more so that you do not owe any taxes on April 15 and you don't get a refund either.<br /><br />This idea that you give the government extra money to use while you wait the whole year to get it back doesn't seem very smart. Go to www.irs.gov and search for W-4 calculator. The IRS's worksheet will come up asking you questions to determine how many exemptions to take so that you get no refund but do not owe any taxes at the end of the year either. <br /><br />It's your money...use it when you need it. <br /><br />As for "investing" in mutual funds, I'm not sure you can really say that YOU are investing. You're giving money to a fund manager to invest for you. I read a great blog about this at http://blog.moneymastery.com/2011/04/401k-Investors--Youre-Not-that-Sophisticated.aspx which set me straight. I recommend reviewing it.Kinchannoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-68730113347986831802011-04-07T09:27:26.596-04:002011-04-07T09:27:26.596-04:00Love the shopping spree and to finally see some of...Love the shopping spree and to finally see some of that abundant cash balance from your numbers go into some income generating investments. <br /><br />I get a similar bonus with work, but am always annoyed that they don't take a 401k percentage out of it. It all balances out in the end, but it would mean my biweekly 401k contributions could be slightly smaller.<br /><br /><br />@k -- tax refunds are a lot about the number of excemptions you claim with your work payroll. More excemptions mean they withhold LESS taxes from each check. Most people claim 1 if single, maybe 2 if married. If you change that to 0 you'll have a bigger year end refund, but you'll also have more withheld each paycheck. It makes no difference in what you pay in taxes overall though.<br /><br />Maybe our open wallet host here can write some tips for increasing our tax refunds through various deduction potentials. Some though, like having kids or buying a home, are expensive ways to do that...Mironoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-89955592517787332932011-04-04T15:40:33.904-04:002011-04-04T15:40:33.904-04:00Not to be too nosy but how did you get a federal r...Not to be too nosy but how did you get a federal refund (I dont even care about the state) - I make around 47k as does my husband and we owe the gov't about 2k. <br /><br />Just wondering how everyone is getting these dang refunds! We do not have children, do not own a home (urban renters), etc. Feel as if we are doing something wrong here.....Khttps://www.blogger.com/profile/04776606599182294694noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-83975004079423220122011-04-03T12:08:11.379-04:002011-04-03T12:08:11.379-04:00Good luck with those funds! How has your experienc...Good luck with those funds! How has your experience been using e-trade? I have heard mixed reviews.rallystockshttp://www.rallystocks.net/noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-18173525870503592842011-04-02T13:30:06.740-04:002011-04-02T13:30:06.740-04:00I like this kind of shopping spree. Woo Hoo!
Cong...I like this kind of shopping spree. Woo Hoo!<br /><br />Congrats on the bonus! Hope you plan to adjust your tax exemptions for 2011.Single Manoreply@blogger.com