Page 3 - Leon Labrecque News Today

While Eisman and many others are still licking their Tesla-inflicted wounds, Cathie Wood's ARK funds have soared in value.

Bitcoin, ethereum, dogecoin and other cryptocurrencies have seen prices plunge in recent weeks. These investors can leverage those losses in a way that a typical stock or mutual fund investor can’t. That’s because the so-called wash sale rules don’t apply to crypto, according to financial advisors. But there are important caveats. Crypto investors may be shellshocked by a recent plunge in prices. But that sell-off has a silver lining: It opens the door to a money saving tax strat...

Investors in bitcoin, ethereum, dogecoin and other cryptocurrencies can leverage losses in a way that typical stock owners can’t.

Buying a house with cash vs. mortgage Bankrate 5 hrs ago © buzbuzzer/Getty Images A neighborhood in the suburbs Many homebuyers use a mortgage to buy a house, but there are those fortunate enough to be in a position to pay all-cash - and in todays booming housing market, cash buyers have much more leverage. Is buying a house with cash the best financial decision, though? If youre weighing the pros and cons of buying a house in cash vs. getting a mortgage, here are key points to consider. P...

The levy applies to single taxpayers with modified adjusted gross income exceeding $200,000 and married couples filing jointly with more than $250,000 in income. (The thresholds arent indexed annually for inflation.) About 5 million taxpayers paid the surtax in 2018, according to the IRS. The tax raised $30 billion. Biden capital gains tax proposal That top rate would apply to households with more than $1 million in annual income. But less-wealthy investors who make a snap decision to sell thei...

Under Bidens proposal, the federal capital-gains tax rate would be as high as 43.4% (including an existing Medicare surcharge), according to a Bloomberg report. "Capital gains would be the highest-tax income we have," according to Leon LaBrecque, an accountant and certified financial planner at Sequoia Financial Group, based in Troy, Michigan. Capital gains tax Investors currently pay a 23.8% top rate on long-term capital gains. That includes a 20% capital-gains tax on assets held in taxable ac...

The move marks the single largest addition in the history of the index December 18, 2020 3 MINS The historic addition on Friday of electric vehicle maker Tesla (TSLA) to the S&P 500 Index can and will be analyzed in several ways, but for anyone currently invested in any fund tracking the popular benchmark it effectively amounts to buying high. Beyond the unprecedented significance of the index reconstitution that represents the single largest addition in the history of the...