Tax Season
As tax season approaches, here’s a quick list of creative deductions business owners often overlook: 1. Online Advertising: Do you advertise on social media platforms like Facebook or Instagram? What about search engine ads, sponsored articles, or podcast...
Election Season
Election season brings noise that can feel overwhelming and anxiety-inducing, especially with concerns about its effect on the markets. However, many common fears about elections and investments are simply misconceptions. The first misconception is that presidential...
What Historical Data Has Shown with Interest Rate Cuts
In March of 2022, the Fed began its mission to combat lofty levels of inflation by raising interest rates at an aggressive pace unseen in decades. In fact, between March of 2022 and July of 2023, the Fed raised interest rates 11 times! Many forget that the Fed had...
Holding Market Leaders
Does your portfolio hold today’s market leaders? Well, it should! Holding market leaders is a very effective strategy for building long-term wealth through the stock market. These companies typically have strong competitive advantages with the products/services...
Market Rotation
Recently we have seen a rotation from the technology stocks that has led the market into other areas, such as smaller and medium-sized companies. For example, Mohawk Industries, a mundane flooring manufacturer, is up over 24% in the last month, while Nvidia, the...
Tactical Investing
The fact that the price of a stock market average, like the S&P 500, is lower than it has been on average over the last 50 days is often a signal. A signal of what, you may ask? When a stock or ETF price closes lower than it has, on average, over the last 50...
Revitalize Your Investments: A Spring Cleaning Guide
As the first buds of spring emerge, it’s time to embark on the annual ritual of refreshing and revitalizing—not just our homes, but also our investment portfolios. Just as clutter accumulates in our living spaces over time, our investment strategies become cluttered...
Tax Planning: Tax Year 2023
A new year means new tax changes. While Congress didn’t pass any major tax reform last year, some tax provisions have been updated that could affect how much money you keep and how much goes to Uncle Sam. In this blog, we have included some of the most significant...
2023 The Year in Review
Every January, it’s customary to look back on the year that was. What were the highlights? What were the “lowlights”? What events will we remember? Most importantly, what did we learn? As you know, many noteworthy and historic events happened in 2023. Conflicts in...
Gifts That Matter Most
Christmas is the most wonderful time of the year. It’s a time for visiting family and friends; a time for renewing old acquaintances. We share gifts with those we care about, reach out to those we might not know as well, and help all those in need. Yet, one of the...
We are nearing the end of a fantastic year for the stock market. It is not unusual for our clients to be up 20% this year. This is a good time to consider the following:
– Avoid taking unnecessary gains in taxable accounts. By waiting until January 1, you can push the tax obligation out into 2026.
· Take as many losses as you have in taxable accounts to save taxes in 2025.
· Have a strategy to protect your gains. Using stop-loss orders can help avoid giving back hard-fought profits.
· Consider switching from traditional mutual funds to exchange traded funds (ETFs) to control your gains better and likely reduce taxes. If you bought a Growth fund mid-year, and the fund decided to sell a stock it has held for years, you get to help pay taxes on those gains. This is not true for ETFs.
· Prepare a year end balance sheet measuring end-of-year balances on all assets and liabilities. This is an easy way to track your financial progress over time.
