Can’t complain about this. Well, it might have been nice to make new highs without dropping 6.5% and then recovering 6.9% but wheeeeee – what a ride! Of course, as we discussed in yesterday’s Live Member Chat Room – Corporate Profits are only up 1.7% in Q2 and that is after being DOWN 2.7% in…
The stock market is having a good year despite headwinds from sticky inflation and high interest rates. The benchmark S&P 500 (SNPINDEX: ^GSPC) has climbed 18%, notching more than three dozen record highs in the process. One reason for that momentum is excitement about artificial intelligence (AI). Chipmaker Nvidia accounts for nearly one-fifth of the…
Just a quick announcement for today, since people often ask about timing for new editions of my books. The 2024 editions for my two small business tax books are now available on Amazon: Other Recommended Reading Thanks for reading! New to Investing? See My Related Book: Investing Made Simple: Investing in…
Limited-time offer increase to 75k. The Citi AAdvantage Platinum Select World Elite Mastercard is the co-branded American Airlines card from Citi. Here are the updated card highlights: 75,000 American Airlines miles after $3,500 in purchases within the first 4 months of account opening. First checked bag free on domestic American Airlines itineraries for you and…
‘Invest, borrow against it, and die’: Scott Galloway explains how the rich avoid long-term capital gains taxes If you think the U.S. tax system is complicated, you’re not alone. Scott Galloway, professor of marketing at NYU Stern School of Business, believes the complications are the result of various loopholes designed to help wealthy people. “The…