How to Buy Stock or See the Next Trend

Sunday, February 11, 2007

see where things are going and identify companys that are going with the tide.

For example:

think of a world without barriers of speed and mobility. You will be able to get places in minutes.

The computer world will be to transfer data at speeds independent of time. Data storage will be infinite.

from conversation with mj

Labels: Finance

The Bat and the House-ferrets aesop's fables

"The Bat and the House-ferrets" A bat falls to the ground, and a house-ferret catches her. The bat says that she isn't a bird; she is a mouse.
The ferret lets her go. The bat falls a second time, and another house-ferret attacks, claiming to hate mice. This time the bat tells the truth. The house-ferret lets her go.

Labels: Literature, Proverbs

The Five Laws of Gold

Saturday, February 10, 2007

THE first law of gold: Gold cometh gladly and in increasing quantity to any man who will put by not less than one-10th of his earning to create an estate for his future and that of his family. "Any man who will put by one-10th of his earnings consistently and invest it wisely will surely create a valuable estate that will provide an income for him in the future and further guarantee safety for his family in case the gods call him to the world of darkness. This law also sayeth that gold cometh gladly to such a man. I can truly certify this in my own life. The more gold I accumulate, the more readily it comes to me and in increased quantities. The gold which I save earns more, even as yours will and its earnings earn more and this is the working out of the first law."

The Second Law of Gold: Gold laboureth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. "Gold indeed is a willing worker. It is even eager to multiply when opportunity presents itself. To every man who hath a store of gold set by, opportunity comes for its most profitable use. As the years pass, it multiplies itself in surprising fashion."

The Third Law of Gold: Gold clingeth to the protection of the cautions owner who invests it under the advice of men wise in its handling. "Gold indeed, clingeth to the cautious owner, even as it flees the careless owner. The man who seeks the advice of men wise in the handling of gold soon learneth not to jeopardize his treasure but to preserve in safety and to enjoy in contentment its consistent increase.

The Fourth Law of Gold: Gold spippeth from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. "To the man who hath gold yet is not skilled in its handling, many uses for it appear most profitable. Too often these are fraught with danger of loss, and if properly analyzed by wise men, sow small possibility of profit. Therefore, the inexperienced owner of gold who trusts to his own judgment and invests it in businesses or purposes with which he is not familiar, too often finds his judgment imperfect, and pays with his treasure for his inexperience. Wise, indeed, is he who investeth his treasures under the advice of men skilled in the ways of gold."

The Fifth Law of Gold: Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment. "Fanciful propositions that thrill like adventure tales always come to the new owner of gold. These appear to endow his treasure with magic powers that will enable it to make impossible earnings. Yet heed ye the wise men for verily they know the risks that lurk behind every plan to make great wealth suddenly. "Forget not the rich men of Nineveh who would take no chance of losing their principal or tying it up in unprofitable investments.

From The Richest Man in Babylon By George S. Clason. page 65

Labels: Finance, Proverbs

Inc and Grow Rich

Tuesday, February 06, 2007

tax deductions for corporations

life insurance up to 50,000
safety and longevity award 1600
health insurance no limit
medical plans 100%
cafeteria plan 100%
dependent care 5000
educational assistance 5,250
seminars 100%
fringe buys - open
moving expenses 100%
physical fitness 100%
depreciation 24000
dividends only taxed on 80%

page 31 of inc. and grow rich


windfall tax shield
if you start a s corporation and you lose far less than you make, those losses can be applied to your personal w-2. when you start to make money then switch back to a c corporation.

page 35 inc and grow rich


auto tax deduction

if your vehicle is under 15000 or over 6000 pounds you recieve a tax break. if neither you can recieve an allotment of $.365

tax deduction for foreign travel

this can occurn if you meet 3 criteria
1. business purpose
2. one week or less
3. 75% of the time is spent in business


page 48 inc and grow rich


inventory is not exempted until you sell the good it goes towards making

ways to create passive income
by property and rent it to your own corporation

inc and grow rich page 74


how to avoid having a personal holding companyhave less than 60% of personal holding company income compared to your gross.

solution:

create another facet to the business. for example if stocks are paying 20,000 in dividends use something like real estate to generate roughly 14,000 additionally.

This will result in: 58.8% of income coming from the holding company



inc and grow rich page 85


if you'll incur major start up costs

when you are holding appreciated real estate. you will be taxed on capital gains

not a good idea to hold real estate in a c or s corporation

if you can't afford the expense of a c corporation


inc and grow rich page 88

Labels: Books, Finance

Influential People

Friday, February 02, 2007

Jay Abraham
John Burley
Robert Forman
Michael Gerber
Earl Nightingale
Bob Proctor

Labels: Personal Progress