Investment Center
A Personalized Approach to Your Finances
Bigger isn't always better—especially when it comes to receiving the personalized attention you want with your investment portfolio. In today’s busy and fast-paced environment, it is easy to feel lost in the shuffle when working with the financial giants. We offer an alternative.
LaSalle St. Securities, LLC,* and First Minnetonka City Bank, through the First Minnetonka Investment Center (FMIC), offers the entire spectrum of financial, investment and banking products and services. What sets us apart? We go a step further to provide personal attention not available anywhere else.
Let FMIC assist you with your investment needs.
At A Glance - What’s New
Four “talking points” in eldercare
Over time, the roles of parents and children inevitably change, especially if one or more of the parents has health problems. This can raise sensitive financial issues. For example, an elderly parent may no longer be competent to handle his or her affairs. You might ignore the situation and hope it goes away, but that is not a realistic approach. Read More >>
Riding out market ups and downs
The last few years have certainly been bumpy for most investors. The equities markets have gone up, down and even sideways. If you are investing for the long term, you must learn to deal with the vagaries and position yourself accordingly in 2012. Usually, it’s not a good idea to exhibit knee-jerk reactions based on daily market fluctuations. That can make a bad situation worse or fail to maximize benefits in a good situation. Read More >>
Creating your own dynasty trust
Even if you are not Warren Buffett or Bill Gates, you may have amassed a sizeable nest egg during your working career. Now the trick is to transfer some of your wealth to the younger generations with the minimum amount of estateand gift-tax erosion. This requires some knowledge of the prevailing laws. Read More >>
Is your 401(k) on autopilot?
The basic benefits of 401(k) plans are well-known. Significantly, you can defer part of your salary to an account on a pretax basis. The contributions are invested and may be able to grow without any current tax erosion until you make withdrawals. This may enable you to save a sizeable amount for retirement. Read More >>
Securities Sales: STAY DRY
If you sell securities, you could be soaked by the “wash sale rule” if you are not careful. How it works: The wash sale rule prohibits you from claiming a tax loss on the sale of securities if you acquire “substantially identical” securities within 30 days of the sale. Read More >>
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Investing involves risks, including the potential for principal loss. Diversification and asset allocation do not assure a profit or guarantee against loss.
The Fair Housing Act prohibits discrimination in housing because of:
- Race or color
- National origin
- Religion
- Sex
- Familial status (including children under the age of 18 living with parents or legal custodians; pregnant women and people securing custody of children under 18)
- Handicap (Disability)
Enforce the Fair Housing Act and other civil rights laws to ensure the right of equal housing opportunity and free and fair housing choice without discrimination based on race, color, religion, sex, national origin, disability or family composition.
Major Goals
1. Reduce discrimination in housing by doubling the Title VIII case load by the end of 2000 through aggressive enforcement of civil rights and fair housing laws;
2. Promote geographic mobility for low-income and minority households;
3. Integrate fair housing plans into HUD's Consolidated Plans;
4. Further fair housing in other relevant programs of the Federal government; and
5. Promote substantial equivalency among state, local and community organizations involved in providing housing.