About five months ago, you wrote a coin column and told about some of the coins you own and how some of the collectible coins have gone up in price.Read More »
The hottest seasons for vacation home sales are spring and summer. You may now be planning such a purchase, but be aware of the challenge you may face when shopping for a mortgage loan. Many vacation-home buyers are finding tougher underwriting requirements and other obstacles when seeking a financing loan, tougher than loans to finance primary-residence homes.
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A money manager you introduced me to in early 2007 has barely done a fair job of running my portfolio. In each of the past six years, I've taken out 6 percent, and my portfolio value is barely up from $500,000, which I started with, to $553,000.Read More »
The stock market has had a phenomenal rise of more than 40 percent in the past 30 months. Unfortunately, none of my annuities or mutual funds or my good stocks – e.g., Microsoft, Intel, Johnson & Johnson, Emerson Electric, General Electric, General Dynamics, Cisco and Procter & Gamble – has done as well, though my dividend income has increased. How much longer do you think the market will continue upward? Last year, you recommended some risky dividend stocks, and I bought all of them because they looked good and had nice dividend yield. On average, they are up 45 percent. I have $43,000 of speculative money remaining and want your recommendation of some cheap issues – about $10 a share – that might have some appreciation. I'd like to buy 1,000 shares of each. My broker at UBS recommended several issues, but his cheap-stock recommendations have failed in the past. What would you recommend?Read More »
I live in a 125-unit condominium. Recently, our board of directors signed a contract for almost $1 million to upgrade our elevators. I believe that the board did not get any bids and just went with one company. Is there any law requiring more than one bid on any one job, especially one as large as this? – Henry
Tagged with: taxesRead More »
I had $66,000 to speculate with. Last year, my neighbor introduced me to his son in another city who specializes in trading stocks. Now I have $47,000 left to speculate with. I know you seldom recommend trading stocks, but could you recommend about six speculative stocks that also have dividends? I'd like to buy a few hundred shares of each and also get income. I won't hold you to your recommendations. – KH, Wilmington, N.C.Read More »