Some forcasters believe that the government is propping up the economy for the election year. The idea is that the growth that we've seen is false and that things will fall apart next year.
The market has had a downswing in the last few days. Apple is changing management. The jobs (unrelated) report just came out as well. Let's explain how it was good and bad.
The good look: We added more jobs! Potentially more than expected. Anyways, it was enough added to imply job growth.
The bad look: Unemployment is up to 7.9%. The unemployment rate is based on a survey of 50K people and is seasonally adjusted.
SPY: Dropping.
EWZ: Drop-ish.
T: Dropping, although we just want the dividend. This is a straight dollar amount, not a percentage of the stock value. We're not too worried yet.
ENZL: Go Kiwi's! Not as bad of a drop as everyone else.
One of our members got their property tax statement. If this is your only property, or your "homestead", then you get a tax credit. The tax is assessed against the fair market value of your house minus the credit. The value of the home cannot be increased by more than 3% a year if it is your homestead. Another bonus! Florida gets an additional 25,000 for the homestead or 50,000. This exemption does not apply to taxes for schools.
If one were to get a new residence, after selling the old, the homestead exemption isn't transferable, exactly. If the previous owners had homestead, then you can keep it.
Rent vs own.
Millage rate: The rate at which your home is taxed. This can vary a lot from county to county.
Private stock vs public.
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