Dow Jones All-Time High this Tuesday. Caveat emptor. The Dow Jones Industrial Average, which measures the stock price performance of 30 companies that are representative of our economy, hit an all-time high on Tuesday, surpassing the previous all-time high set in 2007 before the financial crisis. What makes the record so worrying is that underlying economic condition apparently are having no impact on stock prices. As ZeroHedge blogger Tyler Durden (no, not that Tyler Durden) points out, by … [Read more...]
How China’s Real Estate Bubble Could Destroy Your Finances
China's real estate market may be the biggest bubble in history ... and it's about to burst. Japan’s real estate bubble burst in 1991, and it took a decade for the economy to start crawling back. In fact, Japan’s economy is still dealing with the fallout. Meanwhile, the U.S. housing bubble burst seven years ago and was followed by the worst financial crisis in nearly a century. We are still trying to crawl our way out of that one. These two bubbles, however, pale in comparison to the next … [Read more...]
SBA Proposes Major Changes to 504 and 7(a) Loans
SBA plans to make it much easier for small businesses to qualify for its loan programs. The Small Business Administration recently published in the Federal Register proposed changes to its most popular small-business loan guarantee programs. The goals of the changes are to streamline the application process for borrowers, speed up the approval process for lenders and expand the number of companies that qualify for SBA programs. The 504 Loan Program provides long-term fixed asset financing to … [Read more...]
How to Pull Cash Out of Your Retirement Accounts
How to Pull Cash Out of Your Retirement is just as important as putting money in. Here's why. Most small-business owners look forward to the day when they no longer have to work and can retire (or semi-retire) knowing that they have sufficient assets to provide a comfortable retirement. Having sizeable investments is only part of the equation; you also need to ensure that these investments can be converted to cash in a way that minimizes taxes and penalties. Christine Benz, director of … [Read more...]
Business Travel is About to Get Pricier
Airlines made $36 billion in fees last year. Maybe you should follow their lead. Business Travel is About to Get Pricier. Traveling for business can be an unpleasant experience—long security lines, flight delays, uncomfortable seats and “snacks for purchase” —are just some of the highlights. In 2013, we have something else to look forward to—more fees. Last year, major airlines collected $36 billion in high-margin fees. These fees now represent a significant source of revenues (and … [Read more...]
Groupon Stock Jumps, But Serious Problems Remain
Investors support the firing of Groupon's Mason. But is it enough to start a turnaround? The firing of Groupon founder and CEO Andrew Mason has apparently made investors happy. The stock price closed up over 12.5 percent today, another sign that the market had lost confidence in Mason. Investors, which have sold the stock in massive quantities and driven its stock down more than 8 percent since its IPO peak, may welcome this decision, but it's not enough to ensure the company a path to … [Read more...]
Subway Founder Sees Tough Times Ahead For Small Business
Why Subway's billionaire founder believes if he had to start the successful sandwich franchise today, he wouldn't be able to do it. He Sees Tough Times Ahead For Small Business. Fred DeLuca, the billionaire entrepreneur who founded Subway, is worried about the state of the economy and the future of small business. In addition to being the founder of what is now the largest restaurant chain in the world, DeLuca has direct access to tens of thousands of store managers and franchisees that provide … [Read more...]
5 Ways to Protect Yourself From the Latest Tax Refund Scam
Billions in tax refunds are being redirected to scammers. Take these steps to protect yourself. Drug dealers and other criminals are exchanging their guns for laptops, in what is considered the safest and most profitable scam taking place today: tax refund fraud. Perpetrators steal or purchase the identities of potential victims, including social security number, date of birth and address. Using this information, they file a tax return on behalf of the victim with bogus information designed … [Read more...]
The Danger of Relying on Financial Statements
Financial statements shouldn't be your first line of defense in identifying business problems. The core financial statements—income statement, balance sheet, cash flow statement—are required for understanding the performance of your business at a specific point in time or over a period of time. But these statements by themselves aren’t enough to spot potential problems early on. Usually by the the time an underlying business problem affects your financial statements, the damage has been done. … [Read more...]
QB Tom Brady Just Agreed To A Massive Pay Cut. Is He Crazy Or Brilliant?
Did Superstar QB Tom Brady lose his mind by taking a paycut? I don't think so. Tom Brady, long-time quarterback for the New England Patriots, is considered the best quarterback of his generation and one of the best of all time. Brian Warner of CelebrityNetWorth.com writes that his multiple Super Bowl and Pro Bowl wins have allowed him to reach his career peak: he could easily command $20 million per year based on what other quarterbacks are getting paid. Yet Brady just agreed to a three-year … [Read more...]
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