Investment Strategy #14: Don’t fall for telephone pitches
The investment industry is plagued by “boiler room” operations. These operations consist of little more than inexperienced people using telephones. They call you and go through a prepared script, for a penny stock or an oil lease or similar “hot” deal. Often, you’ll be assured of a huge, instant profit. Oil has been discovered but…
In line with our most recent post on earning government-guaranteed interest from tax lien certificates, here is a checklist that can and should be referenced by tax lien investors.
In line with our most recent post on earning government-guaranteed interest from tax lien certificates, here is a checklist that can and should be referenced by tax lien investors. Checklist for Tax Lien Investors – Check your local county or taxing authority for where and when the auctions are held – If you are interested…
Investment Strategy #13: Earn government-guaranteed interest from tax lien certificates
Many cities and local governments have auctions or sales that permit you to purchase property tax liens. A property tax lien results when a real estate owner – usually a homeowner – doesn’t pay property tax. – If you purchase the lien, you pay the delinquent taxes For this, you receive a certificate entitling you…
Investment Strategy #12: Fully fund your IRA
Virtually all working Americans can contribute up to $2,000 per year to an IRA, while one-income couples can contribute up to $2,250 per year. Money in an IRA compounds, tax-free, until withdrawal. The difference, though, is that your IRA contributions may not be fully tax deductible, as they were before. If you or your spouse…
Investment Strategy #11: Participate in your employer’s 401(k) plan
A 401(k) plan is a retirement plan in which an employee can elect to have the employer contribute part of the employee’s wages to the plan on a pretax basis. These deferred wages are not subject to income tax withholding at the time of deferral. With a 401(k) you can have money “saved” for you…