SEC Mandates RIA Surprise Examinations
New surprise examination requirement for RIAs are in effect. Many Registered Investment Advisors will be affected by this and need to take action to comply. As of March 12, 2010, new amendments in regards to the Investment Advisers Act of 1940 Custody Rule are in effect. The changes will have a significant impact on custody practices of many private investment funds and their managers. The amended... Read More
What are the two most difficult things to do in investing?
What is the normal thought process when the stock market is exploding upward? Buy, Buy, Buy! If I don’t buy now, I am going to miss this run up. Unfortunately the average investor waits until the market has gone up to the point that it is due for a correction when they are buying. The most difficult thing to do is to sell when the market or a stock is high. On the contrary, the other most... Read More
HLBGC to Host Seminar on Government Contracting
Government Contracting The Good, the Bad and the Ugly Federal agencies are outsourcing over 90% of their work. To the civilian entrepreneur, this could represent additional work outside of the commercial market. There are some key steps that MUST be accomplished when competing for Government contracts. May 19, 2010 8:00 AM – 10:00 AM Continental breakfast included At the office of HLB Gross Collins,... Read More
Market Watch – Is the Euphoria Over?
…For Now The equity market has rallied relentlessly for 12 of the last 14 months. But now it is facing headwinds that perhaps will be cause for another equity correction. How deep, no-one knows. During this 14 month rally, corrections have occurred just as the quarterly earnings season winds down, which is precisely where we are right now. Will this pattern continue? Make no mistake about it,... Read More
Is Buy and Hold the Best Investment Strategy?
Academic studies show that you should not attempt to time the market; you may miss the good times if you do. This is the buy and hold proponent’s favorite argument. Yet there is more to this study that offers another, very important point of view. An investment in the S&P 500 Index for the period 1990 to 2008 in a buy and hold mode returned 5.0% annualized, yet if you missed only the 40... Read More
Beware of Scam IRS Notices
Over the last couple of years, there have been a lot of identity theft attempts sent in the guise of an IRS request for information or some kind of notification, such as the rejection of an automated payment. Please do not open any links in these notices. These scams can take place via email (phishing schemes), phone or fax. In some cases, taxpayers receive a form via fax and are asked to fill out... Read More
Healthcare Reform and Washington – Sen. Saxby Chambliss, Rep. Paul Broun, Rep. Tom Price, April 21, 2010
Date: April 21, 201 Guest: Senator Saxby Chambliss, Rep. Paul Broun, Rep. Tom Price Listen to show. Today we have a different format for Gross Realty. We have assembled a group of leading local politicians to share perspectives and reactions regarding health care. I’m delighted and honored to have guests who represent the State ofGeorgia, Senator Saxby Chambliss, Representatives Paul Broun and Tom... Read More
Georgia’s Title Ad Valorem Tax
Motor vehicles purchased on or after March 1, 2013 and titled in Georgia are exempt from sales and use tax and annual ad valorem tax, also known as the “birthday tax”. These taxes are replaced by a one-time tax that is imposed on the fair market value of the vehicle called the title ad valorem tax fee (“TAVT”). The fair market value is the taxable base of the motor vehicle. The... Read More
Goldman Lawsuit Wrecks the Market … in one day.
The stock market has enjoyed 10 consecutive weeks of consistent upward movement and in one day the US Government lawsuit against Goldman Saks plays havoc on the markets. The S&P 500 drops 1.6% in one day on April 16th. The lawsuit stems from Goldman creating an investment product of Collateral Debt Obligations (CDO’s). What is a CDO? Having read many articles in the Wall Street Journal, it is... Read More