Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.
As if the tax code isn’t hard enough deal with, there are tax scams you have to fend off too. You’d think common sense would prevail if it happened to you. The latest instance, reported by CNET, has scam artists impersonating an IRS agent, calling you, and threatening jail time if you don’t pay up.
The IRS sends out regular alerts when a scam pops up on their radar. You can find the latest here. Remember, you’re first contact with the IRS won’t be a phone call or email. You get an official letter in the mail first. If you’re ever uncertain, call the IRS to double check or report it.
Know What You Own
Peter Lynch is known for many things including his view of investing what you know. As I pointed out in this post, people often take it literally. They then go on to complain because it didn’t work. Lynch explains why in the video below:
- Three Misconceptions About the Economy That Should Die – M. Housel
- The Error-Proof Portfolio: 5 Benchmarking Pitfalls to Avoid – Morningstar
- Why You Should Ignore Expert Predictions About The Stock Market – P. O’Shaughnessy
- Risk Revisited (PDF) – H. Marks
- Peter Thiel Disagrees With You – Fortune