by Michael Lecours | Mar 17, 2014 | Investment Strategies, Retirement, Uncategorized
Around this time of the year, when the tax reports are coming to your mailbox, you might be wishing you could do something about your upcoming tax bill. Well, maybe you can for your 2013 return, and for your 2014 return as well! Did you or your spouse work in 2013?...
by Michael Lecours | Feb 25, 2014 | Finding Confidence, Retirement, Saving, Uncategorized
I was quoted in an article the other day about what young people can do to begin saving for retirement. The article outlines a lot of great concepts and analogies: Early Earl and Late Larry, a great chart showing the time value of money A snowball rolling down a hill...
by Michael Lecours | Feb 19, 2014 | Cash, Investment Strategies, Saving, Uncategorized
We’ve built a cash strategy for Tier II and Tier III for investors with lots of cash sitting on the sidelines earning next to nothing. We are recommending a short-term bond portfolio as outlined earlier. It would consist of 5-6 conservative bond investments, reviewed...
by Michael Lecours | Feb 18, 2014 | Cash, Investment Strategies, Saving, Uncategorized
Your cash strategy should consist of three tiers, with each one having a specific objective: Tier I: Immediate Objective: Meets your immediate needs to pay bills and serve as your emergency cash fund. Products to use: Focus on bank deposits and money market funds Tier...
by Michael Lecours | Feb 17, 2014 | Cash, Investment Strategies, Saving, Uncategorized
Cash and money market funds pay next to nothing but then again you aren’t taking on much risk. If you’re exploring what to do with cash but not ready to go in stocks just yet, the next logical step is to look into short term strategies. A little extra risk for a...
by Michael Lecours | Feb 16, 2014 | Cash, Saving, Uncategorized
The common options for cash can be complex and confusing. These tend to be the three most common options: Bank Deposits Pros Stable and often insured Easily accessible. Flexible rates. They can increase Cons Very low rates on deposits. You’re lucky if you can find...
