Volatility is Up
Now is the time a well balanced portfolio really shows it’s worth.
What is your audit probability?
The probability of getting audited is much lower today than it was 30 years ago, but is up since the year 2000. It is definitely income dependent.
If you made more than $200,000, you had a 3.26 % probability of being audited in 2013, but a less than 1% probability if you made less than that. Over $1mm in income? You’ve got a 1 in 10 chance.
How to Prepare a Fugu Fish
I’m like the Swiss Army Knife of Financial Advisors, in that I worry you may be asked to prepare a Fugu Fish (bursting with tetrodotoxin, a poison hundreds of times more deadly than cyanide) and not know what to do.
Fortunately, you’ll have read my newsletter and will know what to do.
You’re welcome.
Definition: Back-Of-The Envelope Calculation
Defined: An informal mathematical computation, often performed on a scrap of paper such as an envelope. A back-of-the-envelope calculation uses estimated and/or rounded numbers to quickly develop a ballpark figure. The result should be more accurate than a guess, but will be less accurate than a formal calculation performed using precise numbers and a spreadsheet or calculator.
MB Comment: I’ve done hundreds of financial and retirement plans/analysis for clients, and after about 23 years, I usually know the rough outcome even before inputting the data into the computer.
June’s Winners and Losers
This chart is for the month of June. Need I say more? Tough month…….
For more graphs and a discussion, here’s the full article.