Tweets of The Week Favorite Articles Travis Gatzmeier: 7 Tax Deductions For The Self Employed – “Taxes are complex. Running your business at peak performance requires keeping expenses within reason and finding every deduction you deserve. To help navigate these complexities it’s always wise to have a good financial team on your side.” Justin Castelli: Picking Stocks with Roman and…
Tweets of The Week Favorite Articles Justin Castelli: Harvesting Gains – “Similar to loss harvesting, gain harvesting involves selling investments in a taxable account but instead of banking losses to offset gains, you realize long-term capital gains at a lower tax rate than expected in the future. That’s a mouthful I know, so let me share an example.” T.J. van…
Tweets of The Week Favorite Articles Justin Castelli: A Risk To Your Financial Plan You Aren’t Talking About – “There’s another risk that can be just as detrimental to a well constructed financial plan and I am willing to bet very few of you are thinking about it, let alone planning for it. I’ve had a few conversations with clients…
Tweets of The Week Favorite Articles Ashby Daniels: Who Would’ve Thought? – “I close most articles here with “Stay the course.” While it’s overly simplistic, it’s a decision that must be made if we are going to be successful equity investors. This unique year hasn’t made me question this philosophy so much as it has encouraged me all the more.…
Tweets of The Week Favorite Articles Morgan Housel: We Have No Idea What Happens Next – “Then there’s the big unknown: the crazy, disconnected, counterintuitive change set in motion this year that we’ll only be able to piece together in hindsight. The kinds of things that only happen when seven billion people have their lives thrown upside down, experience a…
Tweets of The Week Favorite Articles James Clear: Why Facts Don’t Change Our Minds – “Leo Tolstoy was even bolder: “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded…
Tweets of The Week Favorite Articles Charlotte Cowles: Could Knowing Your ‘Money Script’ Help Your Finances? – “Understanding your money story, and rewriting the things you want to change, is a lifelong process of gathering information, applying it to the practical aspects of money, and then gathering more information.” Matthew Fox: Bitcoin has ‘considerable’ upside as it better competes with…
Tweets of The Week Favorite Articles Treyton DeVore: Should I Use a Financial Advisor or Do It Myself? The Pros and Cons of Both – “This leads me into one of the biggest cons of DIY: the accountability factor. When you decide to manage money yourself, it takes a lot of responsibility and commitment to stick with it. Working with…
Tweets of The Week Favorite Articles Nick Maggiulli: Why You Shouldn’t Max Out Your 401(k) – “Does this mean that you shouldn’t contribute beyond the employer match in your traditional 401(k)? Not necessarily. But it does suggest that there is a significant risk in doing so. A risk that is based on future tax rates. While I will admit that…
Tweets of The Week Favorite Articles Michael S. Fischer: Nearly Half of Investors Sold Stock in March; Most Now Regret It: Survey – “The survey identified one clear pattern: Investors were checking their portfolio’s performance much more frequently during the pandemic than before. Forty-eight percent of survey participants said they were looking at their portfolios more now than they did prior…