by Leif Jensen | Jun 6, 2022 | Investing |
Cryptocurrencies are seemingly moving more closely with the other financial markets at this point. The correlation between bitcoin and the stock market is hitting multiyear highs. A measure of the correlation between bitcoin and the Nasdaq Composite suggests that the...
by Leif Jensen | Jun 1, 2022 | Investing, Money Management, Rant |
Recently most cryptocurrencies have fallen to their lowest level since July 2021. The total market capitalization of cryptocurrencies has fallen by more than half since its peak in November 2021. Bitcoin the world’s largest cryptocurrency has fallen to about half of...
by Leif Jensen | May 25, 2022 | Investing, Running a Business |
You are looking to get into a new line of business or rapidly grow your own business, the easiest way for some to do this is to buy an existing business. When purchasing a business, you need to know that the details and analysis of what you look at and for will differ...
by Leif Jensen | May 18, 2022 | Investing, Money Management, Taxes |
If you don’t meet the definition of “Trader” in the eyes of the IRS, you are an “Investor”. Investors typically buy and sell securities and expect income from dividends, interest, or capital appreciation. They buy and sell these securities and hold them for personal...
by Leif Jensen | May 17, 2022 | Investing, Money Management, Taxes |
If you meet the definition of “Trader” by the IRS you can choose to use the mark-to-market rules, investors cannot. If a trader doesn’t make a valid mark-to-market election under section 475(f), then he or she must treat the gains and losses from sales of...
by Leif Jensen | May 16, 2022 | Investing, Money Management, Running a Business, Taxes |
Are you a “Trader” or an “Investor” in the eyes of the IRS? Special rules are in place if you’re a trader in securities, in the business of buying and selling securities for your own account. The law considers this to be a business, even though a trader...
