Are You Putting All Your Eggs into Your Small Business Basket?

Are You Putting All Your Eggs into Your Small Business Basket?

Scott Shane, professor of entrepreneurial studies at Case Western Reserve University, writes in Entrepreneur Magazine that small-business owners don’t save enough for their retirements.  Citing senior economist Jules Lichtenstein of the Small Business Administration, he finds that self-employed people are less likely to have a retirement plan than people who work for others.  The statistics…
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Another Hedge Fund Collapses Through Fraud

The San Jose Mercury News reported this week that a federal judge sentenced the manager of the Sunnyvale-based Asenqua Beta Fund and the Fireside LS Fund to 12 years in prison for defrauding local investors out of at least $6.5 million. Albert Ke-Jung Hu was found guilty in June of luring wealthy investors to his…
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Is It Better To Stick With CDs Than With Stocks Right Now?

Late in 2008, right after the market crash, I was providing financial advice to a woman as part of a free financial clinic put on by the Financial Planning Association.  We were discussing ways to preserve and grow her investments when she mentioned the approach taken by her 85 year-old aunt.  The aunt simply buried…
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A Brief Summary of the New Tax Plan

Congress voted to approve a compromise tax plan at the very last minute – actually beyond the very last minute – in an all too rare showing of bipartisanship to keep the country from falling off the so-called ‘fiscal cliff.’   It is important to note that the economic challenges that the U.S. faces have only…
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