Tax-gain harvesting is a strategy that involves strategically selling profitable assets in your brokerage account during lower-income years to rebalance your portfolio and save on future taxes. This tactic is particularly effective during strong stock market years when the S&P 500 and other indices are performing well. By realizing gains at a 0% capital gains
The number of crypto millionaires in the world has skyrocketed by an impressive 95% over the past year, as reported by New World Wealth and Henley & Partners. Currently, there are 172,300 individuals globally who hold more than $1 million in crypto assets, a significant increase from 88,200 millionaires the previous year. Moreover, the number
As the Federal Reserve contemplates interest rate cuts, another critical concern is looming on the horizon for those in the market for a new home. The National Flood Insurance Program is set to expire on September 30, leading to potential hurdles in buying, selling, or refinancing a property in certain areas. If Congress fails to
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting news on how they will be able to watch their favorite teams in the upcoming NBA season. Recent developments have revealed that both franchises are leaving their regional sports networks owned by Diamond Sports, as outlined in a recent bankruptcy court filing. This
The Russell 2000, a small-cap index, has experienced a rollercoaster ride in the past few months. Despite a solid gain of 10.1% in July, the index has dropped approximately 4% in August. This volatility can be attributed to the overall composition of the index, with an alarming 40% of companies reporting negative earnings. This concerning
As investors eagerly wait for Federal Reserve Chair Jerome Powell’s upcoming policy speech, it seems that the market sentiment is already set in stone. The prevailing belief is that the Fed will commence cutting rates in September, with subsequent reductions expected to continue throughout the rest of the year and possibly into 2025. While uncertainties
Minnesota Governor Tim Walz recently highlighted the vital role of Social Security survivor benefits in his family’s life during the Democratic National Convention. After his father passed away when he was 19, leaving his family with significant medical debt, Walz shared how Social Security benefits provided them with the ability to maintain their standard of
In the midst of shifting retail earnings, the focus is turning towards mall real estate investment trusts. While Target and TJX experienced significant increases in stock prices, companies like Kimco and Simon Property Group saw modest gains. These stocks are up in August and hitting new highs, signaling a positive trend in the retail sector.