>Down With Mutual Funds? – Newsweek Business – MSNBC.com

>Down With Mutual Funds? – Newsweek Business – MSNBC.com

Thank you Jane! Jane Bryant Quinn once again confirms that that money management through active managers is a losers game. She interviews the manager of the highly successful Yale University Endowment, his advice – use index funds.

ScottyD

Kindle

>Initiatives to Promote Savings From Childhood Catching On

>Initiatives to Promote Savings From Childhood Catching On

I have come up with a slightly different version of what this article talks about. This article poses giving $500 to every child born in the and for the money to be used for college or retirement. My idea would be to give much more money and let it grow only for retirement, however the money would only be a loan which would be paid back upon reaching adulthood. The loan would be paid out of the same funds that we currently pay to social security, thus there wouldn’t be an extra burden.

Short term costs would be astronomical, but the long term benefits would be absolutely incredible.

ScottyD

Kindle

>Smartmoney.com: Consumer Action: Successful Landlords Aren’t Wimps

>Smartmoney.com: Consumer Action: Successful Landlords Aren’t Wimps

THINKING OF BECOMING A LANDLORD? Join the club. A record 1.8 million homes were purchased as rental properties last year, according to the National Association of Realtors — a 14.4% increase from 2003. In fact, nearly one in every four homes bought in 2004 (23%) was a second-home purchase meant to be rented out.

A great article from Smartmoney on Rental Real Estate, if you are anticipate becoming a landlord read this.

Scott Dauenhauer, CFP, MSFP

Kindle

>USATODAY.com – Equity-indexed annuities scrutinized

>USATODAY.com – Equity-indexed annuities scrutinized

I think that most of the people selling these annuities are dishonest or naive. They don’t understand the product and they mislead you into believing that you can earn a better return than is really possible. Most of these contracts are incredibly difficult to understand and are designed to benefit the insurance company, not the individual. Stay away from Equity Indexed Annuities.

Scott

Kindle

>Smartmoney.com: The Pro Shop: Should We Scrap the Tax Code?

>Smartmoney.com: The Pro Shop: Should We Scrap the Tax Code?

“WHAT IF APRIL 15 WERE JUST another day? Just imagine: no more digging through shoe boxes full of receipts, no more standing in line at the post office, no more panicked calls to your accountant. ”

Interesting article about a proposal in congress to eliminate the IRS. I read the book (The Fair Tax) and found it quite interesting. I am not yet committed to the idea, but am much more open to it now than I was before reading the book. Imagine not having the IRS to deal with……

Scott

Kindle

>Communication Problems

>While on vacation I had some e-mail problems. I was locked out of my webmail and could not respond to e-mails many of you sent from Tuesday August 1st through Saturday August 6th. If you sent an e-mail during this time period it was likely lost in cyberspace and I ask that you kindly resend it.

The problem stemmed from my e-mail box being full,
but not being able to empty it. I have fixed the
problem by switching to a new provider (Yahoo Web
Hosting) where access will be easy and my inbox will
never be full. This process may take a few days and
during this time you may have your e-mails to me
returned. Some e-mails are getting through, others
not. My website may also be down for a day or two
while the new provider takes over the daily
functions.

I apologize for any inconvenience this
may cause you, I assure you I am not happy about
the situation either. In the meantime, if an e-mail is
returned to you, you may respond to me at
scottyd12@yahoo.com. This problem should be
resolved by tomorrow.

Scott

Kindle

An Independent Fiduciary

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