David B. Mandell, JD, MBA, is an attorney and author of 10 books on legal, tax and financial issues, including "Wealth Secrets of the Affluent," published by John Wiley & Sons, Inc., the largest business book publisher in the world. He is a principal of the financial consulting firm
OJM Group, where Jason M. O'Dell, MS, CWM is also a principal. They can be reached at 877-656-4362 or
mandell@ojmgroup.com.
SPECIAL OFFER: To receive a free hardcopy of "Fortune Building for Business Owners and Entrepreneurs," please call 877-656-4362 or visit
www.ojmbookstore.com and enter promotional code MLTBRF at checkout for a free ebook download of "Fortune Building" for your Kindle or iPad.
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Thursday, October 20, 2016
Investing for the long haul is a passive investment strategy. Investors buy stocks and hold them for a long period, regardless of short-term market fluctuations. Nonetheless, many are skeptical of such a long-term strategy, especially in an "up market," as we have experienced the last five years.
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Friday, October 02, 2015
Benjamin Franklin is commonly noted as saying, "Early to bed and early to rise makes a man healthy, wealthy and wise." While catching up on sleep may help your health, it would take a miracle to go to sleep earlier one night and wake up with a heap of cash at your bedside.
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Friday, August 14, 2015
In Wall Street's long history, many investors and companies have made successful investments that put them on the map (and made them hundreds of millions of dollars). Their success leaves people astounded and, in all likelihood, a bit envious.
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Friday, August 22, 2014
You may understand that it is a significant liability risk to put all of a business's "eggs" into one basket. But what's the solution? For your business, it may be as simple as using multiple baskets. In fact, using multiple entities to run a business is quite common in many types of business.
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Friday, July 18, 2014
Many firm owners use a corporation as part of their corporate structure — either for the main business or for ancillary business units. In this article, we examine the basics of corporations, with a focus on their asset protection benefits and weaknesses.
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Thursday, June 05, 2014
In our many years as professionals, we have seen many clients make mistakes when choosing and working with their business advisors. From this experience, we have created a list of seven pitfalls to avoid.
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Thursday, May 01, 2014
In our many years as professionals, we have seen many medical practice clients make mistakes when choosing and working with their business advisors. From this experience, we have created a list of seven pitfalls to avoid, and we will describe the first four in this article and the last three in part two of the article.
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Wednesday, January 22, 2014
As we discussed in Part I of this article, in attempting to protect an ongoing business against lawsuits and potential creditor threats, most businesses leave much to be desired. They may rely too heavily on insurance, have suboptimal corporate structures in place and even unknowingly miss out on significant tax advantages.
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Monday, December 16, 2013
In attempting to protect an ongoing business against lawsuits and potential creditor threats, most businesses leave much to be desired. They may rely too heavily on insurance, have suboptimal corporate structures in place and even unknowingly miss out on significant tax advantages.
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Thursday, November 21, 2013
In our litigious society, business owners, as well as their companies, are high visibility lawsuit targets. Lawsuits and claims from employees, customers, competitors and even the government are part of doing business today — in virtually every field. Unfortunately, many such owners and business executives think that insurance is the only viable protection tool to shield their businesses and themselves from such litigation risks.
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Monday, October 14, 2013
For the purposes of this article, we are going to review how market risk can affect your investments and potential ways to mitigate the risk. However, the true value of your portfolio is determined by more than just its raw return or value at any one time. Inflation, taxes and the time value of money are important considerations when evaluating the real return on any investment.
