It’s that time of year when many of us hit the road for a summer vacation. If you are fortunate, you will be joining them — after all, “all work and no play” is a difficult way to live. But while you may not think it beneficial to work all the time, the same can’t be said of your investments and your investment strategy — because, ideally, they should never stop laboring on your behalf.
How can you avoid “taking a vacation” as an investor? Here are a few ideas:
“Upcycling” seafood byproducts is the business model for “Tidal Vision,” a Juneau-based company of five entrepreneurs who are making waves with their line of aquatic leather and performance textiles.
The start-up is making wallets, belts and other products from sheets of salmon skins using an all-natural, proprietary tanning formula from vegetable oils and other eco-friendly ingredients.
What’s your most valuable asset? While you are still working, this asset may actually be your future income, so you need to protect it. And you can do so by maintaining adequate life insurance, which can help provide your family with the financial resources necessary to meet critical expenses — such as mortgage payments, college tuition and so on — should you pass away prematurely.
But what type of insurance should you purchase? There’s no one “right” answer for everyone, but by knowing some of the basics of different polices and how they relate to your specific needs, you can make an informed decision.
As Alaska’s salmon season heads into high gear, a few bright spots are surfacing in an otherwise bleak global sales market.
Sales and prices for all salmon (especially sockeye) have been in a slump all year. And amidst an overall glut of wild and farmed fish, Alaska is poised for another huge salmon haul, with the largest run of sockeye salmon in 20 years predicted along with a mega-pack of pinks.
Father’s Day is almost here. If you’re a father, especially one with young children, get ready to add to your collection of homemade cards, ties, golf tees or other such gifts designed to please you. Your greatest gift, of course, is your children — and you would doubtlessly get great satisfaction from knowing that you’ve provided them with financial resources that can benefit their lives in many ways. So, why not use this Father’s Day as a starting point for investing in your children’s futures?
Here are a few methods for doing just that:
If you have school-age children, you might greet the arrival of June with some relief — for at least a few months, you don’t have to worry about “encouraging” kids to do their homework, study for tests, give you their permission slips for field trips, and so on.
But one day, these obligations will give way to a substantially bigger one — paying for college. If you’ve already begun preparing for that day with a tax-advantaged college-savings vehicle, such as a 529 plan, you’re taking a positive step, because higher education is expensive. But it’s not enough to just set up your 529 plan — you may also need to adjust it over time.
Salmon fisheries are opening this month from one end of Alaska to the other. Total catches so far of mostly sockeye were under 1 million fish, but will add up fast from here on. A total haul for all Alaska salmon this season is pegged at 221 million fish.
A highlight so far is a 40 percent increase in troll action in Southeast, where nearly 300 fishermen are targeting king salmon. That’s likely due to a boosted price averaging $7.54 a pound, up $1.88 from last year.
If you have school-age children, you might greet the arrival of June with some relief — for at least a few months, you don’t have to worry about “encouraging” kids to do their homework, study for tests, give you their permission slips for field trips and so on.
But one day, these obligations will give way to a substantially bigger one — paying for college. If you’ve already begun preparing for that day with a tax-advantaged college-savings vehicle — such as a 529 plan — you’re taking a positive step, because higher education is expensive. But it’s not enough to just set up your 529 plan — you may also need to adjust it over time.
Currently, the U.S. dollar is pumped-up and powerful. But what does a strong dollar mean to you, as an investor?
To begin with, it’s important to understand just what is meant by a “strong” dollar. The U.S. dollar does not exist in a vacuum — its value — from a global perspective — is determined by its changing strength relative to that of other currencies.
Let’s look at an example:
Alaskans will have to wait until fall to learn if salmon habitat prevails over a coal mine proposed at Upper Cook Inlet.
A decision due earlier this month by the State Department of Natural Resources has been delayed until after a public hearing later this summer, said Ed Fogels, DNR Deputy Commissioner.