by Michael Lecours | Nov 21, 2014 | Taxes, Uncategorized
At the end of the year, many mutual fund companies distribute capital gains to shareholders. This causes a taxable event right at the end of the year and in some cases can be an unwelcome and costly surprise when it comes to tax time. Note: if you only have an IRA or...
by Michael Lecours | Nov 10, 2014 | Cash, Investment Strategies, Rule of Thumb, Saving, Uncategorized
You, like many Americans, may have a sizeable pot of cash just sitting in a bank account earning next to nothing. The goal in keeping cash in a bank account is safety. But what if I were to tell you that you that there was a hole in your pot and you are losing 2-3%...
by Michael Lecours | Nov 7, 2014 | Cash, Economy, Investment Behavior, Rule of Thumb, Uncategorized
At least once a week, a client will give me a reason why they don’t want to invest in the US stock market. They mention the headlines (which are designed to scare investors), and talk about the crisis-du-jour, or reference the looming economic dark clouds growing in...
by Michael Lecours | Oct 25, 2014 | Investment Behavior, Investment Strategies, Politics & the Economy, Trend Updates, Uncategorized
Shale oil production is more expensive than traditional oil production – It costs more to get shale oil out of the ground. So when the price for oil drops, like it has, it hurts shale oil production a whole lot more than with other production methods. Bloomberg...
by Michael Lecours | Oct 24, 2014 | Economy, Rule of Thumb, Saving, Uncategorized
With oil prices dropping, there are a few ways you can take advantage of it. Here are two great resources: Find cheap home heating oil: Cash Heating Oil Find cheap gas: Gas Buddy
by Michael Lecours | Oct 24, 2014 | Trend Updates, Uncategorized
Despite a 6 week long correction, large cap stocks continue to gain new ground. The global slow down, threat of Ebola, protests in Hong Kong, potential Ukraine-Russia conflict, weakening of Europe’s economy and many, many other dark clouds, the US market is finding a...
