06272016Mon
Last updateFri, 24 Jun 2016 5pm

Legally lumpy mattress earns local lattes, goodwill

So you think you’ve seen everything? I’m in my sixth decade on the planet with, hopefully, a few more to go. I’ve been lucky in my profession – helping those in need using the law as my weapon of choice, with a pinch of logic and a skosh of wisdom mixed in. This job continues to turn up new, odd, amazing stories, and now I find myself sharing some of those stories with you through the Town Crier.

I’ve always had friends and family (like most attorneys) hitting me up for input and advice. I typically get a decent latte out of the deal. After I set up shop on Third Street downtown, I saw a slight uptick in my comped latte consumption. I am typically happy to listen, as it’s nice to help friends and neighbors and, from time to time, it leads to a decent paycheck.


Investment not doing well? Don't be so quick to sell it

 

If you are currently holding a mutual fund that is not performing well compared to your other assets, before dumping it, consider that it might be an indicator that your investment portfolio is well diversified.

Accounting 101 applied to government debt

Can the U.S. government go bankrupt? According to Time magazine, the answer is yes.

Prevention outweighs cure in investment portfolio health

One of Benjamin Franklin’s well-known aphorisms – “An ounce of prevention is worth a pound of cure” – applies to the world of investing.

Consequences of negative interest rates vary

Since the crisis of 2008, the U.S. Federal Reserve has used quantitative easing to stimulate the economy. This approach involves purchasing a significant volume of bonds to drive up bond prices and reduce interest rates, with the expectation that lower rates will stimulate demand for more borrowing and consequently more liquidity flowing throughout the economy.

It's better to be a good – rather than a great – investor

Cliff Asness, co-founder of AQR Capital Management, once stated on Bloomberg Television, “I used to think being great at investing long-term was about genius. Genius is still good, but more and more, I think it’s about doing something reasonable, that makes sense, and then sticking to it with incredible fortitude through the tough times.”

In other words, you’d be better off long term by following a consistent, well-diversified investment strategy, regardless of what the markets are doing.

Subtracting the truth from tax deductions

Since we are currently in the midst of tax season, just for fun I thought I’d share some of the more creative deductions taxpayers have attempted to get away with. Warning: Do not try this at home.


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