Mutual Fund Capital Gains in 2022: Beware
Although markets are negative in 2022, you might still see a tax bill. When an investor sells a stock for more than the purchase price, the investor experiences a capital gain. I like to call [...]
Financial Crisis Amid Recession Threats
Economists agree that the Fed’s aggressive rate hikes will drive economic growth to a halt, leading to a recession. Simultaneously, there's an increased risk of a financial crisis as the U.S. central bank tries to [...]
Powerball Jackpot Could Still Lead to Bankruptcy
The $2.04 billion Powerball jackpot ticket was sold in California, making the ticket holder winner of the largest prize ever. The odds of winning are small, about 1 in 292 million. You are about 400 [...]
FTX Was Waving the Same Madoff Red Flags
FTX, the third-largest cryptocurrency exchange with more than 1 million users, filed for Chapter 11 bankruptcy. Later, cryptocurrency lender, BlockFi announced it paused client withdrawals because of FTX’s implosion. Then the lending arm of crypto [...]
Personal Finance: Rational vs. Irrational
Knowing your risk tolerance and having a written investment strategy will help. When managing personal finance and investments, people frequently exhibit irrational behavior for different reasons. If you’re one of these folks, be fair to [...]
Warren Buffett: Directive for His Wife’s Assets
Warren Buffett will leave his wife's money allocated conservatively: 90% in the Standard & Poor's 500 and 10% in short-term Treasuries, frozen at those levels. Warren Buffett believes this allocation is a great idea for [...]
Owning a Bond as Rates Rise is Actually OK
What impact would rising interest rates have on your investment portfolio? Likely not as bad as the media might lead you to believe, especially when it comes to the purchase of a bond. According to [...]
Rising Inflation
Investors Need to Account for Rising Inflation. A good rule of thumb is to assume inflation will be at least 3% every year. Because rising inflation will impact your long-term retirement strategies, all investors [...]