Who Should Pay Stock Doctor Bills? (Part 2)
The matter is especially important if you are neither a CPA nor a graduate from a business school. Perhaps everyone should upgrade high school math to become literate in stock investing terms. Scrutinizing financial statements and framing searching questions are two skills can prevent quarterly management reviews from becoming rituals. These are routine matters for large financial institutions and for private equity managers: it is time for schools of small fry to join the bus as well! Not everyone can go back to school, or even find time for an online course, yet we know that stock investing will only grow in its vital role of every retirement fund.
Ask Your Senator for More Stock ATGs
Go through an Audit Technique Guide (ATG) of the IRS if you are diffident about stock analysis. These documents are written succinctly, and offer insights that only veterans and domain experts can hope to build after decades of experience. The IRS has a separate ATG for each sector of the economy, and it is obvious that a huge amount of work must go in to the publishing and updating of each one. You can either divert your portfolio of stocks to sectors you know and ones for which the IRS has an updated ATG, or ask Congress to direct the IRS to focus on industries which matter for your financial planning. Perhaps the Federal Reserve can find some diversion from making statements of intent about interest rates at power lunches, and grind their noses to the grindstone on churning out meaningful regulations to prevent costly manipulations with your precious stocks!
Have your ever lost stock value because credit rating agencies or auditors goofed? Do you know of ways of reading between the lines of statements and documents made and prepared by these people, as well as discovering financial minefields before they blow up parts of countless portfolios? Join our forum, and share your experiences and opinions with our community and with us!