March 2024 Recap … [Read more...]
Avoid These 5 Things When Markets are Peaking
Tips to navigating stock market peaks from the wise words of Warren Buffett As the saying goes, "what goes up must come down." In the world of investing, this adage holds true, especially during times when stock markets are reaching new peaks. While it's tempting to ride the wave of euphoria and make impulsive decisions, seasoned investors like Warren Buffett advise caution. Here are five things to avoid when stock markets are peaking, along with wisdom from the Oracle of Omaha himself. 1. … [Read more...]
It’s Time to Spring-Clean Your Financial Plan
Tips to set yourself up for a brighter future and enjoy the fruits of your labor Spring is a time of renewal and rejuvenation, as the world awakens from its winter slumber and new life begins to bloom. As the saying goes, "April showers bring May flowers", and this sentiment can also apply to your financial life. Just as the rain nourishes the soil and helps plants grow, taking the time to "spring-clean" your financial plan can help you grow and thrive in the months and years … [Read more...]
Taxation of Investments
It's nice to own stocks, bonds, and other investments. Nice, that is, until it's time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are they taxed? Is it ordinary income or a capital gain? To determine how an investment vehicle is taxed in a given year, first ask yourself what went on with the investment that year. Did it generate interest income? If so, the income is probably considered … [Read more...]