ManiaTiger

Liquidity needed? If not as stated above Roth is a slam dunk and you can dollar cost average into on monthly basis - balanced mutual fund - typically minimum to buy mutual fund is 1K

Mo

Yes, it depends on the contract of course...but notice I said most accounts are set up discretionary

If you sell is it a long term cap gain (assuming in non qualified account)? If so take some gains off the table - if not maybe hold to you have had for a year and then qualify for long term gains

He is long in the stock market

Be extremely knowledgeable and know the pro's/con's of each vehicle you recommend, therefore, explaining it to the client in a way they can comprehend and put all possible options on the table

Don't think you can pay a mortgage via credit card..only option I could think of is if you had checks for credit card and maybe you would have to send check to mortgage company to make payment, which would be a lot of trouble, however, I don't think you can do that

I use Amex Hilton Honors card and have been extremely happy and essentially put everything possible on it and carry no balance

Wells Fargo

FASB OKs Change Allowing Companies To Speed Up Some Revenues


NEW YORK (Dow Jones)--Accounting rulemakers approved a change Wednesday that will give a boost to technology companies and other firms by allowing them to recognize some revenues faster.
The change okayed by the Financial Accounting Standards Board helps companies that sell goods and services in bundles - like smart phones and other high-tech devices combining hardware and software, or home appliances that come with installation and service contracts.
Under current accounting rules, companies must often defer large portions of their revenue from such sales - recognizing them gradually over time, instead of immediately when the sale is made. The rule change would give companies more flexibility in crediting more of that revenue to their results upfront.
The move wouldn't change the total revenues and earnings a company reports over time, and the cash flowing into a company remains the same. But companies contend the change would better align their reported results with the true performance of their business.
Apple Inc. (AAPL) is expected to be one of the major beneficiaries of the change, since it would dramatically change how the company reports revenues from its iPhone. Currently, Apple recognizes iPhone revenue over a two-year period, and said recently that overall revenues and earnings in its latest quarter would have been much higher if it didn't have to defer revenues for the iPhone and its Apple TV product. An Apple spokesman couldn't immediately be reached for comment.
Apple has pushed for the change; among the other tech companies that have publicly supported it are Cisco Systems Inc. (CSCO), Palm Inc. (PALM), Xerox Corp. (XRX), Dell Inc. (DELL), International Business Machines Corp. (IBM) and Hewlett-Packard Co. (HPQ).
The change will take effect in 2011 for most companies, though companies will be allowed to adopt it earlier.
- Michael Rapoport, Dow Jones Newswires; 212-416-2176; michael.rapoport@dowjones.com

Don't Do...they really just trash your credit and say your broke. As stated you can do that yourself and don't have to pay anyone.

Work out a payment plan (budget tightly) and slowly get it back to managable and that in the long run will save thousands upon thousands since your credit won't be ruined for a very long time!

People were opening up margin accounts like it was going out of style as the market marched to its high and then got crushed obviously especially with margin calls coming forcing sale of assets

Point is don't invest (educated gamble) with money you don't have

I believe it is also a myth. I think main factor is does it fit in the scope of the instutions buying means and what risk level they are looking for

thanks was thinking the same

Of course everyone's situation is different, but if not self employed an easy strategy to keep in mind is go up to match in 401K and max out Roth's...espcially if you think tax brackets will continue to sky rocket/cap. gains will increase/dividend tax will increase, which I due and if you can contribute to a Roth your probably not at your peak earnings thus no need to max out 401K

Strategy going forward in an atmosphere of what I think will trend on upsurd tax brackets is how do you keep it from Uncle Sam legally

Savings 3-6 cash reserve of fixed expenses is a good start tiering out your risk exposure and keep adding to it

With the home credit and low rates maybe more people can buy homes they can't afford

Good question...don't know how tight credit limits are right now and many company's were lowering limits on card holders but I didn't hear of any of that at Amex

You may just have to give it a shot and see what happeneds - even a year ago you probably would have been golden but now not sure

As stated above you don't care what the interest is because you won't be carrying balance and of course paying on time...key is just to establish that system of incur and pay debt on time