My 1st Million At 33 » Blog Archive » My Advice To Preserving Wealth in 30s thru 50s

 

Investing money is probably the most difficult task for anyone. Every minute, every second, every dollar from everyone is trying to gain the best return on investment (ROI). You can see how much competition is out there. If there is someone (including me) who tells you that he can consistently produce an annual return of 20% above inflation, you can almost be certain that he is telling a lie. Why? Compounding 20% for 25 years will give you 95.4 times back for your money. A mere $1000 dollar will become $95,400. Now if he has such investment knowledge to have such mida golden touch, will he be investing only $1000? He should be borrowing as much as he can and probably invest $100K to get some $9.54 million dollars. And if he has some $9.54 million dollars, I bet that he won’t be talking to you, but probably even making even more money for himself, or retired in some Carribean island. Such outrageous return simply don’t last long, or if it’s true, no one will be telling you about it. This applies to ALL investment, whether it’s real estate, precious metals, or stocks in general. The investing world is pretty much a self-correcting process. Any inefficiency (for investing trick) in the market will be immediately exploited in a short time to the extent that such inefficiency doesn’t work anymore. Every now and then, there will be some inefficiency in the market, but with so many investors and so much capital in the whole world, you can bet on that it will disappear before you know about it.

Source: My 1st Million At 33 » Blog Archive » My Advice To Preserving Wealth in 30s thru 50s

What goes up....

According to IndexUniverse, the top sectors of 2006 were Consumer Staples and Utilities.  The bottom were Materials and Healthcare.

Who wants to bet that these will reverse or healthcare will at least recover some of its losses in 2007?

Source: IndexUniverse.com - Follow The Flows

Move the money - Hedge funds flee London

 

London Hedge Funds Suffer Panic Attack
February 2007
Hedge Fund Daily

According to some estimates, London may be hedgie free by the summer, if new tax proposals are adopted as scheduled next month. Financial Times reports that a sense of panic among the U.K. hedge fund community has set in. "We have already had one investor turn us away because they don’t know if the fund will be subject to tax in the future," one manager told FT. Corroborating the panicked mood of the industry brought on by HM Revenue & Customs, a spokesman for the Alternative Investment Management Association said in an FT interview. "Managers have left the U.K., citing withholding tax as being a factor in their decision. There is a real danger this could escalate into a significant loss of business for the U.K. as others follow suit." So, where are they heading? One lawyer, who noted that successful hedge fund managers now realize they don’t have to remain in London to make money, are contemplating moves or have moved to Channel Islands, Switzerland, Monaco and Dublin. The lawyer also says his U.S. clients that wish to have a presence in Europe are asking for advice on where to go. The number of HFs in the exodus has not been quantified, but some suggest that within four months, the industry in London could be decimated. The unnamed lawyer said the tax authority could have calmed things down by merely clarifying some of its proposals.

Source: Bill Cara: Week #07 (2007-02-17) in Review (FINAL)

Top Canadian Tax Software Programs - Tax Software Canada

 

Top 5 Canadian Tax Software Programs

From Susan Ward,
Your Guide to Small Business: Canada.
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Today's tax preparation software does more than just let you calculate your income tax and send in your return. Most tax software programs include tax planning features so you can analyze different income tax scenarios. If your business is a sole proprietorship or partnership, you'll be able to use any of the Canadian tax software in this article; if your business is incorporated, your tax software options are more limited. All these Canadian tax software programs are CRA approved.

1) QuickTax Canadian Tax Software

This user-friendly Canadian tax software program lets you prepare your income taxes easily and quickly. The EasyStep Interview leads you through the tax preparation process by asking questions in plain English, and tax planning is a snap because of the ability to run multiple tax scenarios, and features such as the capital gains analyzer and incorporation analyzer. Many Windows versions are available, including one for incorporated businesses.

Vendor's Site

2) TAXWIZ Canadian Tax Software

This Canadian tax software program for preparing personal income tax has many of the features QuickTax has, such as the ability to run "what if" scenarios, popup help, and multiple filing options, (you can prepare up to six income tax returns) but unlike QuickTax, there is no corporate version, and the CD-Rom is only available for Windows.

Vendor's Site

3) TaxTron Canadian Tax Software

TaxTron used to be GriffTax and is still the only fully functional user-friendly Canadian tax preparation software available in both individual (T1) and corporate (T2) versions for Macintosh OS. However, there is a version of this tax software available for Windows, too, that you can use to do your individual and/or business income tax. All versions are quick, easy, and fully bilingual.

Vendor's Site

4) GenuTax Canadian Tax Software

This Canadian tax software program has two things going for it that really appeal to me. The first is that you purchase GenuTax once and future annual updates for the income tax software are free. The second is that there's no limit on the number of tax returns you can prepare and file (unlike most tax preparation software programs). The downside? You can't use this tax software if you live in Quebec or for preparing corporate tax returns.

Vendor's Site

5) UFile for Windows Canadian Tax Software

Essentially with this tax preparation software, you enter your income tax information using an interview interface. Currently this Canadian tax software program only offers personal income tax preparation (T1), but it has the capability to handle any kind of self-employment income and calculate capital gains - and can be used by Quebec residents. Ufile also offers online income tax preparation and filing.

Vendor's Site

Source: Top Canadian Tax Software Programs - Tax Software Canada

Tax Time - Investing in the future

 

GenuTax may only be purchased as downloadable software from this web site. You may purchase GenuTax for $34.99 plus applicable sales taxes.

Once you purchase GenuTax, you may never have to purchase tax software again.

From time to time we may release a new version of GenuTax with additional features requested by our customers. If you would find the additional features useful, you may upgrade your product for a reasonable fee.

However, you will never be forced to upgrade. If you are satisfied with GenuTax version 1, the free annual tax update modules will continue to work with that version.

Click the button below to begin the purchase process.

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Source: Purchase