 |
ABOUT IDE |  |
FAQS | |
ARCHIVES | |
PRODUCTS | |
CONTACT US | |
WHITELIST US |
 |
|
|
|||||||||||||||||||
| I’m a Socialist? |
Dear Reader, Over the past few weeks, I’ve been talking a lot about taxes. I didn’t talk about taxes to pursue a political agenda. Granted, one reader sure thought I did. He wrote in telling us he’d unsubscribe because of my “socialist slant.” So now I’m a socialist? Is it because of my long hair? Listen, I’m not a Republican and I’m certainly not a Democrat. I’m just someone who wants to see the government work more for everybody involved. If that means digging deep and uncovering things some people don’t want to hear, then so be it. As it turns out, there were a bunch of readers who found plenty of value in this series of articles. Take a look at some of them: Your article was very lucid and succinct. I sent the last portion of it to several people for their consideration. Thanking you for this refinement, I am. Gratefully yours, I will be very surprised if you receive any well documented information demonstrating that tax cuts actually increase income over the long term. Although many complain about the tax rates in the US, our tax system (while overly complex) does not result in taxes that approach the tax load of many countries. Hi, I wanted to let you know how much I appreciated your article on the effect of tax cuts on revenue. For many on the right, tax cuts have become an article of faith, with no reliance on actual facts and figures. I have never figured out how anyone can call themselves conservative by calling for more tax cuts while seemingly condoning the absolutely drunken spending spree this country has been on in the last 8 years. It’s not conservative, it’s simply nuts. Thanks for your good work. Bruce, Norman, and Gary, I thank you for writing in and letting us know how you feel. With that said, there was an overwhelming response to these articles. And they had nothing to do with tax cuts. It’s All About Spending, Baby! Every time I get my paycheck, a third of it is missing. Now, I understand the government needs some of this money to run properly. And I have no issues with that (even if the income tax is illegal!). But what I do have issue with is what the government chooses to spend that money on. Bridges to nowhere … star wars systems … and wars in Iraq and Afghanistan are just some of the things that upset me. And I’m sure there are many of you out there who feel the same way. I also think a lot of federally run programs should be run by the states. Why, for instance, And you know that Bush tax break that’s coming in May? That’s $168 billion that didn’t need to be spent. Now we’ll run a $400 billion deficit this year. If that isn’t dollar negative, I don’t know what is. So let me make this clear, dearreader: Runaway spending is the devil. What this Means to Your Portfolio In the end, the government will overpromise and overspend every chance it gets. And nobody, not McCain nor Obama, will come anywhere near implementing the types of changes the government needs to fix this problem. With that in mind, there are a few things that will help you:
These three things alone give you the ammunition you need to make money in the markets, no matter what the government does. For example, if you see the solar power sector is doing well thanks to big tax breaks that are about to expire, then you wait for the expiration to happen and short U.S.-based solar companies. By knowing the dollar will continue tumbling; you could leverage yourself by buying gold or silver. In the end, playing the markets isn’t about right-wing versus left-wing ideas. It’s about knowing as much as you can about the things that affect the market. That means going out of your own box and examining ideas you believe are wrong. If you do this, you’ll quickly find out that things are never as cut and dry as they seem. Plus, it will help you get better at putting your money to work for you. -- Charles P.S. To let me know what you thought of today's article, send an e-mail to: feedback@investorsdailyedge.com.
|
Attention Editors, Publishers,
Marketers, and Webmasters! Copyright © 2007 by Fourth Avenue Financial. All rights reserved. The Fourth Avenue Financial unites the stock-picking talents of several analysts and editors. Each of the services is based on individual trading/investment philosophies or vehicles and specific investment approaches. Fourth Avenue Financials' Investor’s Daily Edge is intended specifically for mature investors with a strong sense of individual responsibility who want to arbitrage different viewpoints to optimize their personal investment strategy. We reserve the right to remove readers we believe do not meet these criteria from our distribution list without prior notice. You are welcome to distribute this message, at your discretion, to others who you believe share the values of the Fourth Avenue Financial. NOTE TO OUR READERS: Fourth Avenue Financial or Early To Rise does not act as an investment advisor or advocate the purchase or sale of any security or investment. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. Fourth Avenue Financial expressly forbids its writers from having a financial interest in any security that they recommend to their readers. Furthermore, all other employees and agents of Fourth Avenue Financial and its affiliate companies must wait 24 hours before following an initial recommendation published on the Internet, or 72 hours after a printed publication is mailed. To contact us via the web, Click Here | phone 800-681-4759
We respect your privacy. You can view our privacy policy here. |