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JethroTull

Free Financial Advice

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I'd like to start a website or newspaper column offering financial advice. Ask me your questions and I'll provide you with practical, common sense answers for free.

Edited by JethroTull

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I'd like to start a website or newspaper column offering financial advice. Ask me your questions and I'll provide you with practical, common sense answers for free.

How much do you know about NY state divorce and retirement issues? By any chance are you in NY State?

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How much do you know about NY state divorce and retirement issues? By any chance are you in NY State?

Sorry to say, but divorce issues you need to speak to an attorney.

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Sorry to say, but divorce issues you need to speak to an attorney.

Thanks anyway. but its not really as much a divorce issue as enforcing a long done divorce and alloting retirment. I can buy her out rather than have her get a check every month as long as I am still kickin. I had a loan against it but it has calcualted at about the same rate as the interest in my pension fund. Its a bit complicated but the question is whether to leave it be or do a couple of different things? She would be responsible for her half of the loan if she is going to gain on my pension for the time we were together. Its kind of a stange one, even an attourney told me this.

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I'd like to start a website or newspaper column offering financial advice. Ask me your questions and I'll provide you with practical, common sense answers for free.

What are your qualifications?

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What are your qualifications?

I have been successful in three different professions, accounting, real estate and computers.

Edited by JethroTull

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thinking of investing in gold..................is now the time?

Edited by beetleron

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thinking of investing in gold..................is now the time?

Gold is an extremely volatile investment. Unless you already have substantial assets in stocks, bonds and cash AND follow an asset allocation model, I would stay away from gold.

Precious metals should take up no more than 5% of your total investment portfolio.

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Gold is an extremely volatile investment. Unless you already have substantial assets in stocks, bonds and cash AND follow an asset allocation model, I would stay away from gold.

Precious metals should take up no more than 5% of your total investment portfolio.

gee..............thanx

if only i'd had this advice 9 years ago

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I would be interested on your opinion of day trading, and maybe a detailed, yet simple explanation of it for those of us who are not knowledgeable with the financial area.

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You're a brave man, Jethro. But before you get too far into this malarkey, I'd check that your professional indemnity insurance covers you.

As a Chartered Accountant, I'm fairly self-sufficient in financial matters, but I see you also dabble in computers. Mine's overheating at the moment. I've tried replacing the fan, but no joy. What would you suggest? For example, would a strawberry milkshake poured into the vent be any help, do you think? Careful now. One wrong move and I'll sue the pants off you.

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I would be interested on your opinion of day trading, and maybe a detailed, yet simple explanation of it for those of us who are not knowledgeable with the financial area.

My opinion would be to stay away from it, UNLESS you have "play money" that would not make a difference to your financial situation if you were to lose all of it.

I'm a long term investor who uses an asset allocation model. A simple explanation...The act of buying and selling stocks utilizing a very short holding period.

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You're a brave man, Jethro. But before you get too far into this malarkey, I'd check that your professional indemnity insurance covers you.

As a Chartered Accountant, I'm fairly self-sufficient in financial matters, but I see you also dabble in computers. Mine's overheating at the moment. I've tried replacing the fan, but no joy. What would you suggest? For example, would a strawberry milkshake poured into the vent be any help, do you think? Careful now. One wrong move and I'll sue the pants off you.

I would never tell anybody in a chat room to invest in a specific stock, bond, etc. Accountants in America are notorious for having carryforward capital loses on their tax returns.

My computer experience is more supporting corporate applications via software that is used for running a big business. I don't work in PC support. The computer profession is highly specialized. I've tried telling that to my father-in-law, but he still expects me to fix all of his idiotic PC problems. (Which I can do, but it's not my specialty.)

Edited by JethroTull

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10-15 years ago there were financial experts out there warning that you should never buy a home as an investment. It is a lifestyle choice.....what best fits your circumstances. After all you have to live somewhere, no matter what the economy is doing. They already knew the baby boomer generation was going to cause a glut of houses on the market. It was written in stone.

So what do those same people say now ? We will eventually have inflation....but not for the reasons they are telling you. The only true long-term economic cause of inflation is the demand on wages. In other words, a lack of workers which causes business owners to pay more money to accomplish the same job. I know that seems far-fetched now, but that's exactly where we're headed in 10-15 years. Stop immigration ? Nice try. We should be opening the flood gates instead. If half of the current illegal immigrants weren't here, we wouldn't have anyone to pick our food right now. That situation will only get worse if the economy improves. If you are able, you will work....no matter your age.

Closed your 401k, or maybe you stopped putting in ? You should be doubling the amount you are putting away, no matter how old you are. If you are old enough to work, you're old enough to save. Stocks, annuities, piggy banks.....it doesn't matter.

It sucks to be young and not have money. But remember....When you're old and broke, nobody gives a shit.

And kiddies, get yourself a gov't job. No matter how bad it gets, you may have already noticed that they never go out of business.

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