Quarterly reporting and on-line tracking...
HerbVic, that is a great idea about using the freebie portfolio managers on-line to alert you to price points. I use Yahoo's portfolios in addition to the Personal Stock Manager software. I never thought of setting the "purchase price" at your target and just watching for "red zones". I love it.
As to quarterly tax reporting, you for sure will want to figure your liability by "quarter", (really it's jan-march, apr-may, june-aug, sept-dec) and make an estimated payment if required. You don't have to actually report your income, but if your payments come up short, you will need to justify your estimations by quarter to avoid a penalty. I have a pro do mine, so I hope I'm saying this correctly. If not, someone please correct me.
As for the boat...I too have a sailboat on a lake nearby...I keep telling my wife I need to get a cellular modem for the laptop so I can "work" from the boat...so far, she's not going for it! : )
Best Regards,
David |
