by Michael Lecours | Apr 24, 2016 | Economy, Taxes, Uncategorized
As of today, the taxpayers of the United States have collectively earned enough money to pay the Federal government’s tax bill for the year. Bad news, it doesn’t include State Tax Freedom Day, which for Connecticut is May 21st (The latest of all 50 states). Interested...
by Michael Lecours | Apr 22, 2016 | Saving, Uncategorized
The Atlantic recently published an article in which they outline five compelling theories why Americans don’t save more for the future: Americans stopped saving when their incomes stopped growing The poor and middle class went into debt to buy houses U.S. policies...
by Michael Lecours | Apr 13, 2016 | Economy
Earnings for the 500 largest U.S. companies; the S&P 500 are reported in two ways. First is reported or GAAP (Generally Accepted Accounting Principles) earnings. This number is what is reported to the SEC. The second is operating or non-GAAP earnings. Companies...
by Michael Lecours | Mar 29, 2016 | Economy, Uncategorized
Frustrated by the fact that your savings account isn’t paying you any interest? It could be worse. Imagine putting $10,000 into your savings account, getting no interest and you have to pay the bank $60 per year in addition to any bank fees. No longer does the bank...
by Michael Lecours | Mar 24, 2016 | Finding Confidence, Investment Strategies, Personal Development, Retirement, Rule of Thumb, Uncategorized
I recently read Carl Richard’s “The One-Page Financial Plan” and was impressed with Richard’s approach to working through some complex financial issues. In particular, he focused almost exclusively on the emotional issues that investors face. What does money...
