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Personal Finance Commentaries

Showing Posts 1 - 6 out of 6 found.

ESM5: This Market Is Nuts

ESM5: This Market Is Nuts

Yesterday Well, we said it would be choppy.  The S&P 500 mini futures (ESM5) closed at 2073.25 Monday (Apr. 6) after a wild buying spree that pushed the price up about 35 points in the morning session, before falling back a little for the close. It was the biggest open-to-close bump since last November. The trading since the market closed for Good Friday has been a classic example of...

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The Big “I” In Insurance

The Big “I” In Insurance

Ever have a “friend” whose house was broken into and then realized he or she did not have replacement insurance? Or one who had a tree fall on his or her car resulting in damage that ever so slightly exceeded the ever-so-large deductible? Usually that “friend” is the exception not the rule, as Americans, for the most part, do insure their cars, homes, and even their lives. And, of course,...

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It’s A Taxing Time

It’s A Taxing Time

Record-keeping and tax-reporting requirements can be a nightmare for active traders and their tax preparers. Unless your trades lasted more than a year, you are being taxed at short-term rates, known in tax parlance as "ordinary" income tax, and there’s often nothing ordinary about having to pay the bill. Avoid the Same Problems Next April If you trade in your IRA instead of your taxable...

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The Taxman Cometh – Stay A Step Ahead

The Taxman Cometh – Stay A Step Ahead

When the markets whipsaw, and you are on the wrong side of every move, you may feel unworthy of the moniker “trader.” But even at your most profitable, the IRS might concur that you can only claim to “play a trader on TV.” There is a blurred distinction between the definitions of trader and investor. In order to enjoy the tax benefits of a trader, you have to qualify as a trader first. Even...

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Saving Your Marriage to a Loser

Saving Your Marriage to a Loser

So you have a long term loser in your IRA account – a stock that has missed the big run up of the past few years and is currently trading below your purchase price. Since you can’t use trading losses in your IRA as a tax write-off, is it worth it just to “grow old together” and hope the stock improves with age? The first step is to revisit your analysis of this stock. But this is easier said...

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The New Two Step -- A Dance You Need To Learn

The New Two Step -- A Dance You Need To Learn

As Americans, we’ve had to collectively “let go” of our old notions of retirement savings. Yes, there was a time when most middle-class Americans could work until they were 65 and then look forward to a financially-secure retirement. But along with many other versions of our Pollyanna 1950s Americana, those days are over. Economists used to speak of retirement security as a three-legged...

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