by Leif Jensen | Mar 29, 2022 | Money Management, Taxes |
With the significant drop in the stock market, I expect that capital gains from mutual funds will be sizable for 2022. When the market goes down a significant percentage of the population panics and go to cash. Mutual fund companies only hold so much cash in reserve...
by Leif Jensen | Mar 28, 2022 | Money Management, Taxes |
I don’t know why, but this is the first year that no one seems to understand how capital gains work. I have had to explain them to at least four people this year. Versus the usual one to none. I am not talking about stocks where you buy low and sell high, they seem to...
by Leif Jensen | Jan 26, 2022 | Money Management |
Are you saving enough money? Are you saving any money whatsoever? Most people don’t, they are expecting better times in the future. Rather than more of the same… There is the old saying to pay yourself first. This is above and beyond your paycheck if you run your...
by Leif Jensen | Jan 25, 2022 | Money Management |
At various times clients call up asking for a bit of advice, they have recently gotten a bonus or an inheritance or some other windfall and want ideas on what to do with it. Some want to pay off mortgages, others to save it, but most want to piss it away on wine,...
by Leif Jensen | Oct 6, 2021 | Money Management, Taxes |
In Fiscal 2020 we had clients who sold their home and did not prepare for the tax consequences. What was the most surprising was the fact that two or maybe three clients all claimed that they rolled the funds into a bigger home and so the profits should not be...
by Leif Jensen | Sep 28, 2021 | Investing, Money Management, Taxes |
President Biden wants to increase the tax on dividends. I find this a bit shortsighted; since he apparently has never invested in the stock market throughout his life (can this be true?) The value of those dividends is then an unknown entity. Not all have federal...
