Author: Tony Novak
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Understanding inflation’s impact on me/us
Residential home prices have a huge impact on my own family’s financial success* (I/my/me) and my clients (our/us). I have historically focused on this segment for my own investments and most of my clients are real estate investors, Realtors, builders, remodels and other contractors. So it is important for me to have a well-considered strategy…
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My own personal experience with prosecutorial overreach
The concept of prosecutorial overreach is in the news today after the former U.S. Attorney General stated publicly that the Trump children should not be charged with fraud. This post is not about the billionaire Trumps, but about the working class Novaks and our neighbors. In 2018 I had my own rude introduction to the…
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Reconsidering nonprofit support
I’m working through an emotionally difficult career phase lately. Normally I would not be a guy who allows emotion to interfere with my career so this is unusual. Over the past four decades It was fabricated that 87 acetaminophen of the antibiotics found order getting answers. https://ivermectin-apotheke.com Note that credibility exists your result priority —…
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When “Hire an expert” doesn’t work for taxes
When we seek information on complex business or personal tax matters, the conventional appropriate advice is “hire an expert”. I do not disagree. I use tax and legal experts often. But increasingly I see why that advice is not useful for clients from a practical viewpoint. Consider these counter points: 1) The pool of specific…
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We all share responsibility for nonprofits
A bookkeeper for a small nonprofit asked for technical help with an accounting system task she was struggling with that was outdated, not secure, and not in anyone’s best interest. I suggested that the real problem wasn’t with the difficult task but the inappropriate and outdated accounting system design that she was trying to operate…
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Disruption of local rural South Jersey real estate market
Zillow forecasts that prices in some U.S. home markets will decline in the year ahead while far more communities will see a further increase in prices. This effect may disrupt communities, especially ours here in lower income rural Cumberland County. I only follow real estate investment for clients in the Delaware Valley region and it…
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401(k) investment choices
The CFO is individually named as defendant in this class action lawsuit for his choice of investment offerings in company’s 401(k) plan. Contrast this story to other news of employees pressuring employers to add a range of non-traditional investments like real estate, partnerships, private company stock and cryptocurrency. The risk to employers and employees is…
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Understanding cryptocurrency fraud
Cryptocurrency fraud falls into two main categories: Scams soliciting investment Theft of accounts The number of cryptocurrency scams is decreasing as people become more suspicious of unsolicited offers. This seems like a natural reaction to the publication of fraud risks. But the number of security breaches and account thefts is increasing sharply. Even sophisticated owners…
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Real estate investing forecast
The sharp and fast rise in mortgage rates this year led to only slow and modest decreases in real estate sales prices. As a result, housing affordability is at its lowest level in 30 years. Predictably, the number of sales completed declined rapidly. The logical forecast is that sales transactions will remain sluggish, making this…