Ready to be motivated by your peers? Today we share success stories about living your dream, paying off your mortgage, and teaching finance to the neighborhood, and all from our listeners. Stacker Leah explains how she took charge of her finances after graduating from college and moving to New York City with her car and no job. Larry tells us the simple, down-to-earth technique he used to pay off his mortgage quicker, and we hear from Mimi on how she got the neighbor kids to start investing. Plus, we tackle a piece sent to us by Stacker David: why shouldn’t investors sell their stocks for a few months each May if historical data suggest guaranteed gains?
Still haven’t filed your taxes? Not sure how much you owe and worried about overpaying? Are you confused about the large tax bill waiting for you every year? Helping us answer those questions and more, we welcome CPA Carter Coefield for some last-minute tax advice. OR… depending on your perspective, take this as early tax advice and have everything you need perfect for next year. (We can dream right)?
Why do so many investors still not trust advisors? While every advisor isn’t perfect, we think at least some of the blame lies closer to home. During our headlines we explain the importance of through interviewing, asking the right questions, and the power of simply saying “no” when things aren’t lining up. Plus, do Warren Buffett’s quotes about life and business hold up to the same standard as his investing? We take a look at a few of Buffett’s most passed-on adages to see if they’re up to snuff.
Of course, there’s always time for a bit of Doug’s trivia.
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Last minute tax advice
A big thanks to Carter Coefield for joining us today with just-in-time tax advice! Need some pointers on estimated tax payments, write-offs, deductions, and more? Carter is offering a free tax guide on his site, find it under his course link on CofieldsConcepts.com.
Hear more from Carter on his podcast: Cofield’s Concepts – Money, Business, & Taxes for the Culture.
Low advisor trust and Buffett quotables
Investors by and large still don’t trust online brokerages, but there’s something else in this piece that caught our eye: the huge mistrust investors have towards advisors. We share where we think people are going wrong and follow up with some quotes from Buffett. Do the quotes deserve the hype? We’ll see.
- Why the public is still leery of online brokerages (InvestmentNews)
- Warren Buffett’s 25 best quotes about business, investing, and life (Yahoo)
Should you sell all of your stocks each May?
Stacker David sent us this piece and asked for our thoughts: If you ‘sell in May,’ don’t go away.
Market data suggest selling your portfolio each May and buying back a few months later can net some easy gains. David wonders: why not? Surprise, surprise… there’s a bit more to this than meets the eye.
- What auto manufacturer has dominated the Grand Prix circuit the past 7 years?
On Tap For Tomorrow:
Written by: Richie Rutter-Reese
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