Search results “Tax loss harvesting with etfs”
Tax-Loss Harvesting
Tax-loss harvesting can make your portfolio more tax efficient. Learn how in this short video.
Views: 8711 TD Ameritrade
Should You use Betterment Robot Investor
Betterment is a robo investor that asks you a few questions and makes recommendations for an allocation of portfolio that you should have. It mainly invests in low cost ETFs and charges a 0.25% fee. It does tax-loss harvesting and re-balancing for you. But is it worth it? Their research says it is because it optimizes your investing effort. Things do look good on paper but let me give my opinion on this in the video. Audible Free Audiobook Trial: http://www.audibletrial.com/BeatTheBush Patreon: http://www.patreon.com/BeatTheBush GameFly: http://www.gameflyoffer.com/beatthebush Camera Equipment: https://www.amazon.com/shop/Beatthebush (I've added products I have or highly recommend to after my camera equipment) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My Channels: https://www.youtube.com/BeatTheBush https://www.youtube.com/BeatTheBushDIY
Views: 51207 BeatTheBush
Tax Loss Harvesting
Tax Loss Harvesting is an important tax move you need to make by Dec 31st!
Views: 865 Doug Montazella
Follow my progress as I dive head first into investing, while trying not to lose it all!! Robinhood APP - Robinhood - Free Stock Trading Download Links: ANDROID https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en Apple IOS https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8 Stash Invest APP https://www.stashinvest.com Please note I am not a market professional. I am not responsible for any trading losses that may be experienced by following my wayward lead, in fact I recommend you don't follow my lead. :) Have fun and happy trading.
Views: 8024 Doctor Dividend
Low Tax Bracket? Consider Harvesting Gains
Some investors can step up their costs bases tax-free by pre-emptively selling appreciated positions. For all Morningstar videos: http://www.morningstar.com/cover/videocenter.aspx
Views: 828 Morningstar, Inc.
#InvestingLikeABoss: Preparing for taxes
Our tips to help you prepare for tax season: https://vgi.vg/2BQ4rEr
Views: 1488 Vanguard
Tax Loss Harvesting - Betterment Institutional
Tax loss harvesting is the practice of selling a security that has experienced a loss. By realizing, or "harvesting" a loss, investors are able to offset taxes on both gains and income. The sold security is replaced by a similar one, maintaining the optimal asset allocation and expected returns. Unless otherwise specified, all return figures shown are for illustrative purposes only, and are not actual customer or model returns. Actual returns will vary greatly and depend on personal and market circumstances. Brokerage services provided to clients of Betterment LLC by Betterment Securities, an SEC registered broker-dealer and member FINRA/SIPC. Investments: Not FDIC Insured • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Betterment's charges and expenses. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. See full disclosures for more information. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Betterment is not registered. For additional disclosures, please see: https://www.bettermentinstitutional.com/terms-and-conditions/
What Is Tax-Loss Harvesting?
Aaron Vickar, an investment advisor with Buckingham Asset Management, explains tax-loss harvesting, which allows investors to share the pain of their tax bills with Uncle Sam.
Views: 2084 BAMAdvisorServices
IFA.tv - Tax Efficiency of Index Funds - Show 49-2
IFA.com: http://ifa.com - Take the Risk Capacity Survey: http://ifarcs.com - Complete the Retirement Analyzer: http://ifa.com/ra - Call 888-643-3133 - http://facebook.com/ifadotcom - http://IFAtwitter.com Indexing strategies can be tax efficient, while actively managed funds tend to be less tax efficient by nature. Tax loss harvesting can be a major part of this process. Mark and Tom dive into the impact of tax efficiency on investment growth using a study from John Bogle's Little Book of Common Sense Investing. They also discuss tax loss harvesting using another one of IFA's beautiful paintings. Also see http://ifa.com/tlh for more information on Tax Loss Harvesting. IFA.tv provides webcasts explaining the investing strategies of IFA.com and Mark Hebner's book, Index Funds: The 12-Step Recovery Program for Active Investors, with Foreword by Nobel Laureate Harry Markowitz. See hard cover: http://IndexFundsBook.com ; the iBook here: http://IndexFundsiBook.com ; the Kindle edition here: http://IndexFundsKindle.com
The Wash Sale Rule
Not sure if you made any wash sales last year? Watch this video to learn about wash sales and how to report them.
Views: 24885 TD Ameritrade
Tax-Efficient Investing
Being tax efficient with investments allows more money to be reinvested into a portfolio to grow over time. This video explains ways investments can be taxed and strategies for potentially minimizing tax burdens.
Views: 66635 TD Ameritrade
How To Reduce Taxes On ETF Gains
https://goo.gl/QPCkqk - Start earning with binary options like millions of traders do Investors seeking to beat the market should look to exchange-traded funds (ETFs) for their tax efficiency. The ease of buying and selling ETFs, along with the low transaction costs, offer investors another efficient portfolio-enhancing tool. Tax efficiency is also an important part of their appeal, and is the one we'll focus on in this article. Investors need to understand the tax consequences of ETFs, so they can be proactive with their strategies. We'll begin by exploring the tax rules that apply to ETFs and the exceptions you should be aware of, and then we will show you some money-saving tax strategies that can help you get a great return and beat the market. Read on to learn why these rules can remove restrictions in your financial life. SEE: Introduction To Exchange-Traded FundsGeneral Tax RulesETFs enjoy a more favorable tax treatment than mutual funds due to the unique structure. Mutual funds create and redeem shares with in-kind transactions that are not considered sales. As a result, they do not create taxable events. However, when you sell an ETF, the trade triggers a taxable event. Whether it is a long-term or short-term capital gain or loss depends on how long the ETF was held. In the United States, to receive long-term capital gains treatment you must hold an ETF for more than one year. If you hold the security for one year or less, then it will receive short-term capital gains treatment. It's not all doom-and-gloom for mutual fund investors. The good news is that a mutual fund's generally higher turnover of shares creates more chances for capital gains to be passed through to the investors, compared with the lower-turnover ETFs. SEE: Mutual Fund Or ETF: Which Is Right For You?As with stocks, you are subject to the wash-sale rules if you sell an ETF for a loss and then buy it back within 30 days. A wash sale occurs when you sell or trade a security at a loss, and within 30 days after the sale you: Buy a substantially identical ETF, Acquire a substantially identical ETF in a fully taxable trade or Acquire a contract or option to buy a substantially identical ETF If your loss was disallowed because of the wash-sale rules, you should add the disallowed loss to the cost of the new ETF. This increases your basis in the new ETF. This adjustment postpones the loss deduction until the disposition of the new ETF. Your holding period for the new ETF begins on the same day as the holding period of the ETF that was sold. Many ETFs generate dividends from the stocks they hold. Ordinary (taxable) dividends are the most common type of distribution from a corporation. According to the IRS, you can assume that any dividend you receive on common or preferred stock is an ordinary dividend unless the paying corporation tells you otherwise. These dividends are taxed when paid by the ETF. Qualified dividends are subject to the same maximum tax rate that applies to net capital gains. Your ETF provider should tell you whether the dividends th
Views: 64 ETFs
How to Pay Less Taxes in 2018: Tax Loss Harvesting, 529 Plans, and 401k Contributions
Last December, Republicans in Washington passed the biggest changes to the U.S. Code in decades, and while most of the really significant alterations were made for businesses (hello, corporate tax cuts!), there are plenty that will directly affect what ordinary Americans will pay to Uncle Sam. Based on analyses done at the time, a large fraction of the middle class will find their annual tax bills shrinking a bit, but another significant share is on course to owe a lot more. As we approach the end of 2018, Motley Fool Answers hosts Alison Southwick and Robert Brokamp want to help you get a jump on tax season, so for this episode of the podcast, they’ve brought an expert into the studio: Megan Brinsfield of Motley Fool Wealth Management. In this segment, they get down to brass tacks: The rules have changed, which means that your strategies may need to change too. They talk 401(k)s, 529 Plans, flexible spending accounts, and charitable donations. They also explain why this is the wrong time of year to invest in an actively managed mutual fund, why it’s always the wrong time to mess up your tax-loss harvesting moves, and why it may not be too late to adjust your withholding to match your new tax situation. ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Views: 755 The Motley Fool
Direct Indexes are Better than ETFs
Here are the links to our blog post on this topic and our social media accounts: Blog post: https://hubs.ly/H0bQ8hr0 Website: https://hubs.ly/H0bQ8gp0 Facebook: https://www.facebook.com/smartleafinc/ Twitter: https://twitter.com/SmartleafInc LinkedIn: https://www.linkedin.com/company/77997/admin/updates/ Gerard Michael, Co-Founder and President of Smartleaf, explains what direct indexing is and how it can be an advantageous strategy for investors. Some of the major benefits of direct indexing include improvements in tax efficiency, risk customization, and ESG customization. Direct indexing also allows investors to benefit from tax loss harvesting and gains deferral, both of which lead to decreases in taxes.
Views: 635 Smartleaf
It’s Harvest Season (Tax Loss Harvesting)
Year-end is in sight, and that means investors might want look at their account statements to begin estimating gains and losses for 2014. Why? Because you may have the opportunity to benefit from a little harvesting -- tax loss harvesting, that is.
Views: 47 Goal Investor
The Monkey On Wall Street - Watch BEFORE You Invest
Take a random walk down wall-street to see the revolutionary monkey-man who changed it all. Today we're talking game theory, investment strategies, the efficient market hypothesis and at the very end I have a special life announcement!!! Talk with the people: https://reddit.com/r/coffeebreak Follow the madman: Twitter: https://twitter.com/coffeebreak_YT Facebook: https://www.facebook.com/CoffeeBreak42/ Support the work: Patreon: https://www.patreon.com/Coffee_Break Hear the music again: Cowboy Bebop OST https://itunes.apple.com/us/album/cowboy-bebop-original-soundtrack/489780131 jinsang - providah, gone https://jinsangbeats.bandcamp.com/album/confessions Read the shownotes: Burton Malkiel - A Random Walk Down Wall-Street (PDF) http://site.iugaza.edu.ps/wdaya/files/2013/03/A-Random-Walk-Down-Wall-Street.pdf Forbes: Any Monkey Can Beat the Market https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/#699ab2df630a SPIVA 2017 Year End Score Card https://us.spindices.com/documents/spiva/spiva-us-year-end-2017.pdf Marketwatch - How HedgeFunds got beaten again https://www.marketwatch.com/story/how-hedge-fund-geniuses-got-beaten-by-monkeys-again-2015-06-25 Does Past Performance Matter - Persistence Remains Elusive https://www.ifa.com/articles/does_past_performance_matter_view_from_jones_indices/ Index Fund https://www.investopedia.com/terms/i/indexfund.asp Efficient Market Hypothesis https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp Sink your teeth into more: RoboInvestors https://investorjunkie.com/44371/robo-advisors-reduce-cost-investing/ Tax Loss Harvesting https://www.investopedia.com/terms/t/taxgainlossharvesting.asp Smart-Beta ETFs https://www.nytimes.com/2017/06/22/business/burton-malkiel-investment-stock-index-funds.html https://www.robeco.com/en/insights/2017/12/academic-research-absolutely-supports-smart-beta.html ------------------------------------------------------------------------------------------------------ financial disclaimer: This video does not constitute investment advice. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence.
Views: 342249 Coffee Break
Tax-Loss Harvesting
Did you know that proactive tax-loss harvesting is a year-round endeavor aimed at minimizing an investor’s overall tax liability? Gregg S. Fisher explains how it’s done at Gerstein Fisher, and why.
Views: 225 Gerstein Fisher
In Min We Trust: Tax Loss Harvesting in 2 Minutes
Min Fin has some excellent advice on tax loss harvesting — it's easier than you'd think!
Views: 57 CentSai
Rebalance your portfolio and save money on taxes
If you have a non-registered portfolio, now may be a good time to rebalance your portfolio and take advantage of tax loss harvesting to reduce your tax bill come April.
Views: 9 National Post
Follow my progress as I dive head first into investing, while trying not to lose it all!! Robinhood APP - Robinhood - Free Stock Trading Download Links: ANDROID https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en Apple IOS https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8 Stash Invest APP https://www.stashinvest.com Please note I am not a market professional. I am not responsible for any trading losses that may be experienced by following my wayward lead, in fact I recommend you don't follow my lead. :) Have fun and happy trading.
Views: 15458 Doctor Dividend
Tax Loss Harvesting
A downturn in the market doesn't always have to be a bad thing. In fact, in some situations, it can be used to an investor's advantage.
Views: 179 Josh Koehnen
Tax Alpha: The Wash-Sale Rule
As taxpayers approach year end, they may be thinking about tax-loss harvesting, which can be a great way to offset capital gains.
What Is Tax Loss Harvesting?
In this video, financial advisor and Chief Investment Officer of CFG Asset Management, Matt Forester discusses 'What Is Tax Loss Harvesting?' For more information or to connect with Matt, you can access his profile on GuideVine.com, http://www.guidevine.com/financial-advisors/philadelphia/matthew-forester/545d13b69283a46a62000003 No content published here constitutes a recommendation of any particular investment, security, portfolio of securities, transaction or investment strategy. To the extent any of the content published as part of the Services may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. This video is for informational purposes only and are not a substitute for personalized advice. Consult your advisor about what is best for you. GuideVine is not a registered investment adviser or broker-dealer and does not offer investment advice. Tax loss harvesting is a way to reduce your tax bill. It's just a strategy that you use to try to lower your tax bill. Typically, tax loss harvesting occurs somewhere near the end of the year, and you see how securities inside of your portfolio have performed over the course of the year, and you sell them. Some tax loss harvesters couldn't do that during the course of the year. In other words, if you have securities that go against you in price, you can harvest the losses. These could offset your gains, and over the course of the year, that just lowers the capital gains tax bill that you'd pay at the end of the year.
Views: 73 GuideVine
Sell AT A LOSS to MAKE MONEY ??? | Robinhood APP
Tax Loss Harvesting is an excellent way to salvage a bad trade!. Selling off at a loss negates capital gains made from other trades and reduces your tax bill at the end of the year. Follow my progress as I dive head first into investing, while trying not to lose it all!! Patreon Subscriber Links https://share.robinhood.com/catherm207 Robinhood APP - Robinhood - Free Stock Trading Download Links: ANDROID Robinhood APP https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en Apple IOS Robinhood APP https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8 Stash Invest APP https://www.stashinvest.com Please note I am not a market professional. None of the information presented should be considered financial advice. I am not responsible for any trading losses that may be experienced by following my wayward lead, in fact I recommend you don't follow my lead. :) Have fun and happy trading.
Views: 3191 Doctor Dividend
IFA.tv - Tax Loss Harvesting - Show 8-3
Take the Risk Capacity Survey: http://ifarcs.com - Complete the Retirement Analyzer: http://ifa.com/ra - Mark Hebner teaches investing concepts through his many paintings created by Lala Ragimov. The Tax Loss Harvesting painting portrays an important opportunity available to investors in down markets. During stormy times, there is a silver lining that can be accessed for taxable accounts, thus benefiting investors even when things look bad. Hebner explains the mechanics of tax loss harvesting, which can be found in Step 12 of the 12-Step Program, see http://www.ifa.com/tlh IFA.tv provides webcasts explaining the investing strategies of IFA.com and Mark Hebner's book, Index Funds: The 12-Step Recovery Program for Active Investors, with Foreword by Nobel Laureate Harry Markowitz. See hard cover here: http://indexfundsbook.com and iBook here:http://iBookIndexFunds.com.
qplum - Active Investing vs Buy and Hold
Critics of Active Investing have grown in recent years. With the stock market soaring to new heights in the past 9 years, it has resulted in a surge of low cost, passive investment products. But where does that leave Active Investing today for investors? We will tackle the common myths that surround active investing, among them: the high trading costs and used only for outright alpha. In this webinar, we will challenge these common fallacies and discuss how active investing is being severely misunderstood by many investors. Active investing can play a crucial role in portfolio management. We will demonstrate how some of the biggest market players use active investing to: 1- Target constant risk. 2- Defend against market crashes. 3- Reduce costs and improve performance via methods like rebalancing, tax-loss harvesting and algorithmic execution. Sponsored by qplum Interactive Brokers LLC is a member of NYSE, FINRA, SIPC
Views: 365 Interactive Brokers
How to trade stocks "tax free"
"Tax Loss Harvesting" is a technique you can use to eliminate taxable gains in your stock portfolio by offsetting them against taxable losses. But you have to watch out for the stop-loss rules. JP and Fab explain in this video. John Paul: Hi there, and welcome to Campanella McDonald's Tax Tip video, where today we're going to talk about tax harvesting. We’re getting towards the end of the year and we thought this might be a good topic for you guys. Fabio: So tax loss harvesting is a way to offset capital potential, capital gains with potential capital losses in your stock portfolio. So oftentimes, if you have a well-diversified portfolio, you have some stocks or some positions that have unrealized gains and some that have unrealized losses, now you can offset those gains and losses against each other and you get a tax benefit, because you offset the loss with the gain and you don't have to pay any tax on the gains, but you have to be careful because you can't just go ahead and replace the stocks in which you had the losses, because you'll get hit with the superficial loss rules. So what do you do? You look for a co-related stock. So for example, if you sold TD stock at a loss, you can buy an ETF that tracks banks in Canada, replace the TD stock with that bank, and then after 31 days, you can replace your TD stock and you won’t get bit by those rules, and you get to get a big tax savings. So it's a little bit difficult. Your investment advisor and your accountant might have to work together on it, but if you do have positions with losses and gains before the year end, you may want to take advantage of it. John Paul: So until next time, we’ll see you guys then.
How capital gains tax works - MoneyWeek Investment Tutorials
Before you sell an investment, you need to think about the tax on any profits you make. In this video, Tim Bennett introduces capital gains tax.
Views: 123437 MoneyWeek
How to use ZenLedger.io crypto tax tool
www.ZenLedger.io Our software helps CPA and individual investors with the accounting and taxes for cryptocurrency investments. We will provide you with a tax loss harvesting tool, Schedule D, Form 8949, and a comprehensive spreadsheet so you can audit your transactions. Works with Bitcoin, Ethereum, EOS, and thousands of other coins. Works with Coinbase, Binance, Bittrex, Kucoin and many other exchanges. Works with Ledger, Trezor, Jaxx, MyEtherWallet, and many other hardware and software wallets. The information on this video is for general purposes only and should not be interpreted to indicate a certain result will occur in your specific legal situation. The information on this video is not legal advice and does not create an attorney-client relationship. Changes to the Internal Revenue Code may be retroactive and could significantly alter the opinions expressed herein. You should consult an attorney or accountant to discuss your specific situation.
Views: 1820 ZenLedger
Can I avoid or minimize capital gain taxes on stocks and mutual funds?
Can I avoid or minimize capital gain taxes on stocks and mutual funds? * 🚀Ready To Take Your Business To The Next Level While Protecting Your Assets From Frivolous Lawsuits? ~*~ 💰Get Your FREE 30 min Consultation & Wealth Planning Blueprint NOW! https://AndersonAdvisors.com/register-now-a Check out https://AndersonAdvisors.com for financial strategies and details on upcoming workshops. ** SUBSCRIBE** Anderson Business Advisors Youtube Channel https://www.youtube.com/c/AndersonBusinessAdvisors CLINT INFO 800.706.4741 [email protected] https://AndersonAdvisors.com Twitter: @Clint_Coons Blog: https://ClintCoons.wordpress.com TOBY INFO 800.706.4741 [email protected] https://AndersonAdvisors.com Twitter: @TaxWiseToby Blog: https://TobyMathis.com The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
Wealthfront vs. Betterment - Best Robo-Advisors
Wealthfront vs. Betterment - Best Robo-Advisors - In this video, I discuss Wealthfront and Betterment, the two leading alternatives to traditional investment advisers. Wealthfront is an automated investment service firm that builds and manages personalized, globally-diversified investment portfolios. It provides data-driven, actionable recommendations to improve net-of-fee, after-tax, risk-adjusted returns. With an annual advisory fee of 0.25%, users can monitor their real-time investment performance, review recent transactions, receive financial advice, and manage their deposits. Betterment is a smart automated investing service that provides optimized investment returns for individual, IRA, ROTH IRA, and rollover 401(k) accounts. Its technology enables users to manage their investments in a customized, diversified portfolio. Betterment charges a management fee of 0.25% and 0.40% for premium services. The company’s mobile app enables users to access, view, share, and review their portfolio’s activities as well as deposit and withdraw money from anywhere, anytime. Key Takeaways 1. Investment strategy: Both firms use low-cost, index ETFs to build portfolios. Smart beta and socially responsible investing available. Also, Betterment offers income-focused portfolios. 2. Fees: Wealthfront, 0.25%, Betterment 0.25% or 0.40% 3. Financial planning: Wealthfront, software-based. Betterment, access to financial planners for accounts with minimums of $100k. 4. Differences: Wealthfront, 529 plan and portfolio line of credit. Betterment, trust account and access to financial advisors. 5. Minimum deposit: Wealthfront, $500 (first $10k managed for free). Betterment, $0. 6. Tax-loss harvesting: Both companies offer tax-minimization strategies. Conclusion: Both investment firms are excellent. Choose Wealthfront for a slightly more sophisticated investment strategy. Choose Betterment for financial advice and one-on-one support. Other robo-advisers I recommend: Vanguard Personal Advisor, Schwab Intelligent Portfolios, and Personal Capital (for accounts over $5M) ---------- → TubeBuddy, the #1 YouTube channel building tool: http://ow.ly/qLtE30n2He8 → Up to 87% off website hosting: http://ow.ly/7ulz30n2GKN Please SUBSCRIBE to my channel, and let's succeed together! #personalfinance #money #investing #roboadvisor Disclosure: My video descriptions contain affiliate links. If you click through and purchase an item, I may earn a commission. This helps support the channel and allows me to make more videos like this. Learn about affiliate marketing here: http://ow.ly/68x530lvD4M
Views: 15393 Chad Tennant
What Is Gain Loss Tax Harvesting | Financial Design Studio, Chicago IL
Tax Gain/Loss Harvesting We want to help you think through one last item here at year-end. Here are some things you can do with your investments to also help with a little bit of tax planning. Often people can have a dilemma when they look at their investments only to realize that their gains are going to be taxed. It makes people question if they really want gains from their investments. Let’s talk about one thing you can consider to help you keep more of your money. Here are a couple of examples we’ll walk through together. Net together Realized Short-Term Capital Gains and Short-Term Capital Losses Net together Realized Long-Term Capital Gains and Long-Term Capital Losses Realized gains or losses are the result of sales you have made throughout the year. A short-term gain or loss is a sale of a holding you held less than a year. A long-term gain or loss is a sale of a holding you held longer than a year. 2. Now you will net together the short and long term gains and losses together. Realized Example 1 Example 2 Gains: $10,000 (long-term) $1,000 (long-term) Losses: -$1,000 (shorter-term) -$5,000 (short-term) $9,000 (long-term) -$4,000 (short-term) Now that you know if you have gains or losses, you can consider changing that outcome by selling any unrealized gains or losses you may still be holding in your portfolio. Unrealized gains or losses are just investments you continue to hold. Until you sell those holdings these gains and losses are unrealized. Once you sell that holding the gain or loss becomes realized and can now be netted with the other gains and losses to change the total of your gains and losses. You can only deduct up to $3,000 of losses per year. However, losses can be carried forward indefinitely until they are used up in future years. Remember, if you sell something at a loss position you have to be careful of the wash-sale rule. This rule states that if you sell something at a loss you have to wait more than 30 days before buying that position or something similar back again. This would be in the case where I had a loss in a position I really want to hold for the long term but I want to realize the loss now for tax purposes, then buy it back after the 30 days to set my holding period again. If we can help you walk through any gains or losses let us know. This is a year end item that may help you when you complete your taxes.
Tax Efficient Investing
Room 4: Ryan O'Doherty, Co-Head of Product Development - CMC Markets
Wealthfront Review: Invest Like a Multimillionaire
Wealthfront Review - In this video, I discuss Wealthfront, a robo-advisor investment platform. How does Wealthfront compare to other robo-advisors? What are robo-advisors? Robo-advisors automatically create and manage portfolios made up of low-cost exchange-traded funds (ETFs) for clients. Most robo-advisors operate online, charge low fees, and offer objective financial advice compared with traditional investment advisors who typically charge one to three percent. Also, traditional advisors can be subject to conflicts of interest and bias regarding their recommendations. Wealthfront Review - Pros: a low account management fee (0.25%), excellent management team, automated rebalancing, direct indexing, daily tax-loss harvesting, automated financial planning, use of low-cost index ETFs, ability to connect external financial accounts, portfolio line of credit, company share selling plans, and first $10,000 managed for free - Cons: the variety of assets classes could expand, and cannot access financial advisors for those who desire - Conclusion: Wealthfront is an excellent choice for investors ---------- → TubeBuddy, the #1 YouTube channel building tool: http://ow.ly/qLtE30n2He8 → Up to 87% off website hosting: http://ow.ly/7ulz30n2GKN Please SUBSCRIBE to my channel, and let's succeed together! #personalfinance #money #investing #roboadvisor Disclosure: My video descriptions contain affiliate links. If you click through and purchase an item, I may earn a commission. This helps support the channel and allows me to make more videos like this. Learn about affiliate marketing here: http://ow.ly/68x530lvD4M
Views: 4692 Chad Tennant
E813: Wealthfront Andy Rachleff: early Benchmark, $10b+ assets, Risk Parity fee cut, economy
Andy Rachleff shares insights from co-founding Benchmark & building Wealthfront to manage $10b+ assets, announces 50% fee cut for Risk Parity, talks stock market, financial literacy & the wisdom of investing against human instinct. Show Notes: 00:54 - Jason introduces Andy Rachleff, CEO of Wealthfront and co-founder of Benchmark. They discuss Benchmark’s success and status as one of the best firms in the world. Andy talks about how the founding team came together, their motivations, establishing equal economics for all partners to attract the best talent, more. 06:19 - Jason asks Andy if he misses being a VC. Andy says that, due to Benchmark’s structure, there was no way for him to continue in the firm’s equal economics when he couldn’t dedicate himself fully to VC work. He can still invest in the funds. 08:38 - Andy covers Wealthfront’s progress. A little over six years after founding, the automated financial advising company manages more than $10B. Andy thinks that’s the shortest time any investment vehicle has reached that milestone. Sees a rate of adoption unmatched in the investment business. Andy says what most attracts people to Wealthfront is that everything is handled by software - more so than the fee structure. Wealthfront focuses on users under 40 with less than $1M. Those clients prefer not to regularly interact with advisors. Competitors try to marry traditional advising and planning with software. 12:24 - Jason thanks sponsor delivered tuxedo rental company The Black Tux. TWiST listeners get $20 off their first purchase. 14:59 - Jason asks Andy about Wealthfront’s take on cryptocurrency. Andy says Wealthfront’s target demographic is very interested in crypto, but Wealthfront focuses on academically proven investment strategies, not speculations. Crypto doesn’t fit in that philosophy. Those interested in crypto should limit their investment to about 10 percent of their portfolios. 18:12 - Andy discusses Wealthfront’s retirement planning, college planning, homebuyer planning. The company’s banking services include portfolio credit lines - a user can withdraw up to 30 percent of account value. 21:09 - Andy explains how Wealthfront uses data from various sources, including connected accounts, to determine the best plan for each user and to provide better financial outcomes than a traditional planner could conceive. 25:54 - Andy talks about human nature regarding investments: people want to sell when the market drops and buy when it goes up. That’s the exact opposite of what people should do. Wealthfront publishes blog posts encouraging clients to resist counterproductive urges. 28:24 - Andy covers Wealthfront’s value-added services, a suite known as Passive Plus. Includes Tax-Loss Harvesting, which enables Wealthfront to sell a losing investment and replace it with an equivalent investment, then apply the loss to income and gains to reduce tax liability. 30:54 - Jason thanks sponsor Squarespace, which powers LAUNCH’s events sites. Use offer code twist to get 10 percent off your first purchase. 33:34 - Andy continues explaining Wealthfront’s Passive Plus features: Stock-Level Tax-Loss Harvesting: If a stock drops 10 percent, Wealthfront will sell it and buy a highly correlated stock, hold it for 30 days, then sell and return to the original stock. 36:38 - Andy discusses Passive Plus feature Risk Parity, which uses leverage to increase volatility in a stock-and-bond-balanced portfolio to increase returns without increasing risk. 39:48 - Jason asks about the near-record bull market run and whether it indicates a coming crash. Andy says no one can predict the stock market, but every downdraft recovers. On average the market recovers from corrections in 89 days. So people are better off when they just maintain their investment strategy and pace without trying to predict the market. 43:26 - Jason asks about ETFs. Andy says there isn’t any academic research indicating ETFs have had negative effect on the market. People who advocate actively-managed funds spread FUD about ETFs. 45:05 - Jason asks about Trump’s corporate tax cuts, tax cuts on repatriated cash, etc. Andy says these decisions are driving the stock market, but not necessarily the economy. The question is what companies will do with the additional earnings. 48:41 - Andy notes that there are 50 percent fewer public companies than there were about 10 years ago. Andy thinks it would be healthier for the economy if there were more public companies. Jason says there is a flurry of IPO activity in Silicon Valley. 50:44 - Andy talks about how some of the biggest tech companies have reinvented themselves numerous times - usually through acquisitions. He’s worried that too many companies are staying private for too long. They wait until their growth rate slows and then it’s a hard stock to sell or take public. Full show notes available at http:/thisweekinstartups.com
Views: 4533 This Week In Startups
Betterment Review: A Smarter Way to Invest
Betterment Review - In this video, I discuss Betterment, a robo-advisor investment platform. How does Betterment compare to other robo-advisors? What are robo-advisors? Robo-advisors automatically create and manage portfolios made up of low-cost exchange-traded funds (ETFs) for clients. Most robo-advisors operate online, charge low fees, and offer objective financial advice compared with traditional investment advisors who typically charge one to three percent. Also, traditional advisors can be subject to conflicts of interest and bias regarding their recommendations. Betterment Review - Pros: a low account management fee (0.25% to 0.50%), automated rebalancing, smart deposit feature, tax-loss harvesting, access to financial advisors and Certified Financial Planners (CFPs) for those who desire, use of low-cost index ETFs, ability to connect external financial accounts, and focus on goals-based investing - Cons: the variety of assets classes could expand, and direct indexing isn't available - Conclusion: Betterment is an excellent choice for investors ---------- → TubeBuddy, the #1 YouTube channel building tool: http://ow.ly/qLtE30n2He8 → Up to 87% off website hosting: http://ow.ly/7ulz30n2GKN Please SUBSCRIBE to my channel, and let's succeed together! #personalfinance #money #investing #roboadvisor Disclosure: My video descriptions contain affiliate links. If you click through and purchase an item, I may earn a commission. This helps support the channel and allows me to make more videos like this. Learn about affiliate marketing here: http://ow.ly/68x530lvD4M
Views: 2660 Chad Tennant
Robinhood APP - 2 GREAT Candidate Stocks for TAX LOSS SELLING!
Follow my progress as I dive head first into investing, while trying not to lose it all!! Robinhood APP - Robinhood - Free Stock Trading Download Links: ANDROID https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en Apple IOS https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8 Stash Invest APP https://www.stashinvest.com Please note I am not a market professional. I am not responsible for any trading losses that may be experienced by following my wayward lead, in fact I recommend you don't follow my lead. :) Have fun and happy trading.
Views: 400 Doctor Dividend
Tax Strategies for 2012 - The Market Message with Bill Valentine
This week, Bill explains various strategies that can be employed to lower taxable gains on capital assets and how Exchange Traded Funds (ETFs) can be used as place holders for investments that you ultimately want to hold, but for which you might want to harvest losses from in the current year, without creating a "wash sale." He also talks about why you might want to harvest losses this year, even if you have carry forward losses from prior years. Finally, he speaks to the advisability of harvesting capital gains this year to take advantage of the current capital gains tax rate, which is likely to go up as early as next year. Bill Valentine, CFA is the President and Portfolio Manager at Valentine Ventures, LLC, a wealth management firm located in Bend, Oregon. A financial educator, Bill puts out weekly market updates via The Hog Blog. Visit http://valentineventures.com/blog to view more of our content and sign up for weekly email notification of our latest communiques.
Views: 203 Valentine Ventures
Robinhood APP - NEW INVESTOR? Buy 100 stocks with 1 ETF!
Follow my progress as I dive head first into investing, while trying not to lose it all!! Robinhood APP - Robinhood - Free Stock Trading Download Links: ANDROID https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en Apple IOS https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8 Stash Invest APP https://www.stashinvest.com Please note I am not a market professional. I am not responsible for any trading losses that may be experienced by following my wayward lead, in fact I recommend you don't follow my lead. :) Have fun and happy trading.
Views: 3251 Doctor Dividend
Midas Letter RAW 108: Charting Man Dan, ETFMG Alternative Harvest ETF, Faircourt Asset Management
Watch all interviews aired on this show as stand-alone pieces on Midas Letter Clips: https://www.youtube.com/channel/UCkoiRxnuGEgsimUiHOj4SVA?view_as=subscriber?sub_confirmation=1 Midas Letter RAW highlights the stocks and stories to watch in the Canadian markets today. James West and Ed Milewski provide comprehensive fundamental & technical analysis on all trending business and investment news, while interviewing the top CEOs of all public companies and analysts with the highest reputations in the business. 0:00 - Macroeconomics and Cannabis Analysis with James & Ed -Today’s show: Charting Man Dan, Jason Wilson from Alternative Harvest ETF, biggest ETF in the World (MJ), Charles Taerk -ML indexes: large cap: down 2%; small cap down 0.44%; Venture index 1.33%; all slightly down -Province Brands: licensing hemp brewing tech to lots of micro breweries -Wayland Group up to $1.45, up 9% -Origin House (OH) starting to trend in right direction -Green Brands (GGB) 10:14 - Charting Man Dan McDermitt of The Chart Guys provides technical analysis and insight on the correlation between cannabis stock prices and the S&P 500. McDermitt also walks viewers through technical analysis of a pair of cannabis charts. 22:55 - Macroeconomics and Cannabis Analysis with James & Ed - Ed: Dan's position is very defensive; all cash Q: thoughts on crypto space with recent losses A: cryptocurrency as a value proposition is defective -Tether fraudulently drove price of crypto to 20,000 last winter; Bitcoin bubble bust -Q: Ascent Industry fiasco, comment? A: other companies who have gone through this have survived 34:34 - ETFMG Alternative Harvest ETF (NYSE:MJ) is the largest marijuana ETF and the only marijuana ETF operating in the US. Partner Jason Wilson explains some of the advantages of the ETF for retail investors, including increased tax efficiency and exposure to the whole cannabis sector. 44:42 - Macroeconomics and Cannabis Analysis with James & Ed Q: Why down on JUJU? A: we don't tell people what to buy; explains his position and why selling JUJU now -WeedMD chart: like Keith Merker; company has had a hard time capturing the wave; technically speaking, if it breaks $1.30 might not want to stick around; right now its $1.40 and might break down; financials reported on Monday -Q: what's gold's value from? A: gold's intrinsic value is because of its scarcity, difficult to extract, extremely malleable, stood the test of time -Q: What do you think of Shopify for the MJ side of things? A: hesitant to associate with cannabis until US legalization -Q: Next big catalyst for sector? A: biggest one out there is US de-prohibition; what if EU legalizes medical and rec? -Q: Any CDN natural gas plays? PONY (TSE)? A: Ed: heard good things, natural gas has gone on a run 1:04:22 - Faircourt Asset Management and Ninepoint UIT Alternative Health Fund CEO Charles Taerk addresses the global market sell-off in October and recent financial statement releases by leading cannabis companies. 1:16:45 - Macroeconomics and Cannabis Analysis with James & Ed -Q: HUGE, buying it? A: Nope -Wayland one of the top performers today; bucking the trend down; crossing milestones off lists on the operational side; importance of EU GMP -Wayland chart: something's changed; one of the best moves; past middle line of Bollinger Bands; increasing volume; mini breakout -Emblem trade up 4.8%; CGOC big winner 1:26:18 - Cannabis News -Origin House (OH) deal with Henry's Original markets handcrafted products, like pre-rolls -Canopy Rivers (RIV) will provided up to $40M CAD to PharmHouse to secure debt financing -Canopy Rivers (RIV) portfolio holding in LiveWell closes non-brokered private placement -Cannex Capital Holdings (CNSX:CNNX) announced USED $32M investment in Gotham Green Partners -Nutritional High (CNSX:EAT) announced purchase of 51% interest in JMED's -Wahupta subscribed for $350,000 at $0.18 by Naturally High (CVE:NSP) Tomorrow’s show: John Fowler, Supreme; roadside testing, & cannabis fashion ************************ Check out our website: https://MidasLetter.com ************************ SUBSCRIBE to our YouTube: http://bit.ly/MidasLetterYoutube SUBSCRIBE to Midas Letter Clips: https://www.youtube.com/channel/UCkoiRxnuGEgsimUiHOj4SVA SUBSCRIBE to our Newsletter: http://bit.ly/MidasLetterNewsletter Download Our Podcast on iTunes: http://bit.ly/MidasLetterPodcast ************************ Follow Us on Twitter: http://bit.ly/MidasLetterTwitter Like Us on Instagram: http://bit.ly/MidasLetterInsta Like Us on Facebook: http://bit.ly/MidasLetterFacebook ************************ #MidasLetter #TechnicalAnalysis #WeedStocks
Views: 2269 Midas Letter RAW
What are the advantages of Vanguard Personal Advisor Services®?
1/10/2019 Webcast: Vanguard CEO Tim Buckley and CIO Greg Davis look ahead to 2019 Vanguard Personal Advisor Services® combines the benefits of having a Certified Financial Planner™ professional in your corner with the cost efficiencies of using leading-edge technology for the technical aspects of portfolio management, as CEO Tim Buckley explains here. An advisor is your investing partner for the long term; someone who'll get to know your priorities, answer your questions, strategize about college savings or retirement planning—and who can coach you through periods of market turbulence, life changes, or whatever else may come along. IMPORTANT INFORMATION Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk. Tax-loss harvesting involves certain risks, including, among others, the risk that the new investment could perform worse than the original investment, and that transaction costs could offset the tax benefit. There may also be unintended tax implications. We recommend that you consult a tax advisor before taking action. This webcast is for educational purposes only and does not take into consideration your specific circumstances or other factors that may be important in making investment decisions. We recommend that you consult a tax or financial advisor about your individual situation. Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited-purpose trust company. © 2019 The Vanguard Group, Inc. All rights reserved.
Views: 2844 Vanguard
This Fall's Harvest: Capital Gains.
You've probably heard of tax loss harvesting, but have you ever considered harvesting your portfolio's capital gains? Sue Thompson speaks with Mark Balasa, . You've probably heard of tax loss harvesting, but have you ever considered harvesting your portfolio's capital gains? Sue Thompson speaks with Mark Balasa, . My comments today complement another tax-loss harvesting video previously recorded by Bethany Muensterman, an investment manager here at Payne Wealth . One of the the basic balance sheet strategies for tax reduction is matching deductions, exemptions and credits against differing forms of income. But the next .
Views: 4 Ayocisora Amado
5 Things You Should Know about Tax - Wash Sale? N 2
https://djellala.net The second most import thing to know about tax is wash sale. If you buy a stock and sold it with a loss and you buy again within a month. This is called wash sale. The reason you should know is that you cant claim the loss for that specific stock. Mostly you will see all the stocks that are flagged wash sale on your broker statement. So be careful and don't do it again. But if you buy a stock and make money then buy it again. No problem here because you are taxed on the profit you made. Thank you for watching. Please check my swing training levels by videos and e-books and my subscriptions at http://djellala.net Any question, just ask directly to [email protected] Free chart training https://gumroad.com/l/PYkDh/freetraining Facebook https://www.facebook.com/djellalafanpage Facebook group https://www.facebook.com/groups/375601516195107 Twitter https://twitter.com/djellala_llc https://www.linkedin.com/in/abdelkarimrahmane/ Subscribe to my Youtube channel https://www.youtube.com/channel/UCO3vhVCXqUssYDYTInvto9A?sub_confirmation=1
Episode 12. Tarang Patel, DO -- Roboadvisors
his is my first solo episode. I talk about roboadvisors and the pros and cons of using them. I also review some of the larger and most popular companies providing this service. What is a robo-advisor? It is a computer algorithm based approach to managing your investments. (Note this generally applies to your stock market accounts) A robo advisor is designed to eliminate the need for an individual to make trading decisions about the stocks or ETFs in an account. This is not the same as Wall Street computer-based trading which can be millions of trades in a day. Rather, this is designed to simulate a financial advisor in optimizing asset allocation and rebalancing a portfolio when necessary to achieve diversification and some of them are supposed to do tax loss harvesting to reduce the capital gains and possibly reduce some of your income tax as well. These are not generally designed to replace the other aspects of a financial advisor such as goal planning, advice about insurance, tax advice, etc. So what are the pros and cons of a robo advisor while one benefit is there extremely low cost compared to the average financial advisor most financial advisers range from .75 to 1.25% of your assets under management. Now, there a is a trend of financial advisors going to fixed cost management such as a fixed fee whether you have $100,000 or $2,000,000 under management but those are still the exception rather than the rule. These advisors are still more expensive than Robo advisors but as noted above, they provide you with a more broad array of advice. If you do end up choosing a human financial advisor make sure you pick a fee-only advisor or a flat cost advisor who holds the CFP designation and is a Fiduciary. Now getting back to Robo advisors, some of the pros include low cost. The majority range from free to 0.35% of assets under management, though a few are slightly higher and I'll talk about those when I discuss the individual ones. The majority of the robo advisors don't trade individual stocks, rather they use a portfolio of ETFs to give you a wide diversification. In my opinion however, you can generally achieve this diversification with only a few individual ETFs. The second Pro of these Robo advisors is they eliminate this work for you you can just put your money in and basically let the computer do its thing and you don't have to worry about anything else other than when you end up needing the money. In my opinion however this is probably not the best way to approach any advisor whether it's a robo advisor or human advisor after all this is your money you're putting in if you just put it in and basically ignore what's happening you are at risk for any number of issues. Always pay attention. It doesn't mean you have to make the individual trades or decisions but just know what's going on and that could be as simple as looking at your statements every quarter so that you're just aware of what's happening. You may not have any issues and that's the ideal scenario . The next benefit of Robo advisors and probably the one that is talked about the most is the tax-loss harvesting. Some of these advisors claim that by optimizing tax-loss harvesting you will improve your returns. If done properly it should override the cost of the majority of these Robo advisors by a significant amount. What is tax-loss harvesting? Tax loss harvesting is where the government allows you to reduce your capital gains and your income tax by subtracting any losses you've had from your investments from any games you've add so for example let's say you own an ETF which covered the S&P 500 and that ETF you've had it for 5 years and the S&P has done relatively well over the last five years has gained $5,000 so you had a $10,000 investment and it's $15,000 now I'm not sure if those are the exact numbers but let's just use that so if you had another ETF let's say was an international ETF and for whatever reason that ETF did poorly and you lost $4,000 Your gain of $5,000 is subject to taxes if you only sold the position where you had a game but you also have this International ETF where you lost $4,000 so if you take the two together and your Net gain is only $1,000 and you only owe taxes on that thousand dollars. now let's say instead of a gain of $5,000 you only had a gain of $2,000 and you had the same $4,000 loss on the international ETF well in that case your net loss is $2,000 and that can be used against your ordinary income which for most positions is taxed at a higher rate than long-term capital gains so that tax loss of $2,000 is actually worth more to you because it can reduce your income of let's say $250,000 to now $248,000 and that's what you can text on which can be a savings of a few hundred dollars on your taxes. So why does a robo advisor do this better than humans and what ends up happening is that most years unless you need to sell the underlying securit
#109 - Matt Hougan - “Anyone Who Tells You They Know What’s Going To Happen In Crypto Is Probabl
To see links or read the transcript of the episode, visit us at: http://mebfaber.com/2018/06/20/episode-109-matt-hougan-anyone-who-tells-you-they-know-whats-going-to-happen-in-crypto-is-probably-lying-to-you/ In Episode 109, we welcome ETF and crypto expert, Matt Hougan. After a quick, fun story about Matt’s first job…as a 9-foot tall seal mascot for a minor league baseball team…Meb asks about the state of the ETF industry – where we are today, and where we’re going. Matt tells us that ETFs have become a dominant force in investing. Since the financial crisis, some $2 trillion of capital has flowed into ETFs. In comparison, the mutual fund industry has seen $0 inflows during that time. In terms of issues that are shaping ETFs and will continue to do so over the coming years, Matt points toward fee wars, distribution networks, and the growing reality that it’s getting harder for smaller companies to get a foothold within the ETF space. Overall, Matt believes the days of fastest ETF growth are in front of us. Referencing back to the capital flows differential between ETFs and mutual funds since 2008, Meb asks if there will there be a Netflix/Blockbuster moment when the lion’s share of assets leaves mutual funds and flows into ETFs. Matt believes the stream of asset migration will become a flood in the next bear market. He tells us the only thing that has kept mutual fund asset levels up is the bull market of the last decade. That’s created lots of embedded capital gains which many investors haven’t wanted to realize. Yet when a bear market finally hits… Matt believes we’ll see accelerated flows out of mutual funds when we suffer our next 20% market drop. Next, Meb brings up something which Matt has tracked for since 2008 – the world’s lowest cost ETF portfolio. He started by taking the lowest-cost ETFs representing six major global asset classes. He was curious how much it would cost in order to get full global exposure. In 2008, the combined, blended fee to own the world was 16 basis points. Today, it’s down to just five basis points. Matt and Meb agree this is a great time to be an investor. This bleeds into a discussion of direct index investing, which, Matt tell us, might be the next evolution of investing beyond ETFs. If you’re less familiar with direct index investing, it’s a way to own indexes, yet without paying a fund management fee, while enjoying the potential benefits of tax loss harvesting. This leads to an interesting discussion about implementing direct investing via robos, as well as the tradeoff between tracking risk and the potential for tax alpha. The guys touch on a few more ETF ideas – broad concerns about the ETF market, active versus passive ETFs, and the use of artificial intelligence in replacing discretionary managers – but it’s not long before Meb switches the conversation to crypto. Though ETFs are Matt’s first love, he’s long been interested in cryptocurrencies, so he was excited at the chance to join Bitwise, creator of the first currency index. Giving us an overview of the crypto world, Matt tells us “an index-based approach is the only sensible approach to the crypto market, because anyone who tells you they know what’s going to happen in crypto is probably lying to you.” At Meb’s request, Matt then describes how to put together a crypto index. Matt tells us the goal is to capture the broad-base crypto market. There are 1,500 cryptos out there, but most of the market cap is concentrated in the top 10-15 currencies. There are many challenges to creating an index, including such basics as “how many Bitcoin are there?” (Do you the current number, or what the number will be x years in the future?) Matt goes into interesting detail for us. What follows is a great conversation for any listener curious to learn more about the crypto world. You’ll hear about Matt’s ideas for other crypto indexes and ways to approach the market… how Meb got in hot water with crypto investors… what the future may be for crypto and its related technologies… the growing institutional interest… when we’ll see a crypto ETF… where crypto fits into a traditional asset allocation… the impact of government regulation… and why cryptos won’t go the way of the tulip bulb. Finally, you’ll hear Matt’s answer to “if you had to buy one crypto and not touch it for 10 years, what would it be?” And of course, there’s Matt’s most memorable trade. This one lost him about 90%. What are the details? Find out in Episode 109.
Views: 65 The Meb Faber Show
M1 Finance Platform Review 2018 | A Behind the Scenes Look
Create a Free M1 Account: https://mbsy.co/m1finance/39751879 In this video, I'm going to give you a behind the scenes look at the M1 Finance online platform. For those of you who aren’t familiar, M1 Finance is a hybrid investment platform that allows individuals to invest in public stocks or ETFs that are traded on major exchanges like the NYSE, NASDAQ, and BATS. M1 Finance can be accessed on your computer, smartphone or tablet and is beautifully designed and easy to use. For more information on the M1 platform itself, I’ll be releasing a behind the scenes demo of that on Thursday. One feature that’s unique about M1 is your ability to build what they call “Pies”. A pie is essentially your portfolio and the slices are your individual investments. Now if you’re a new investor and don’t know how to build your own portfolio, you can choose from an array of pies that were already created by M1’s expert financial team. M1 offers 4 different account types: 1. Individual 2. Joint (Relative, spouse, or domestic partner) 3. Retirement (Traditional, Roth, SEP IRAs) and if you are looking to open a retirement account, M1 offers complimentary rollover assistance which is nice. 4. Trust (Set up an account on behalf of someone else) So whatever stage you’re at in life, chances are M1 may be able to help you. So whether you’re considering investing with M1 or not, here are some of the pros and cons: First, let’s talk about the pros: 1. M1 is free so you won’t have to pay any fees - which is awesome 2. Unlike other robo-advisors, M1 is transparent and gives you complete control since they let you choose what you invest in. 3. M1 can save you time because they automatically rebalance your portfolio for you 4. You can set recurring investments to help keep you on track 5. They have an awesome design and user interface that’s great for tracking your portfolio. You’ll actually be able to see this in my video on Thursday. 6. They are fully regulated, Insured, and secure 7. For accounts with over $25K they offer M1 Borrow which is a hassle-free way to borrow money. In terms of cons, there aren't a whole lot, but there are a few: 1. M1 doesn’t offer any investing advice so if you’re brand new to investing, you may be better off with Stash or Acorns. 2. Although M1 uses a tax-efficient strategy, I don’t believe it’s as effective as tax loss harvesting. You guys can correct me if I’m wrong. 3. Lastly, this isn’t really a con but keep in mind though that M1 is an investment so you can lose your money just as easy as you can make money. Although M1 has pre-made portfolios, you still need to be somewhat knowledgeable about investing. M1 is strictly focused on building an excellent investing experience for traders so if you’re looking for something that’s a little more personalized and offers more investing advice and planning, then you’d probably be better off with a robo-advisor like Wealthfront, Wealthsimple, or Betterment, which I’ll review pretty soon. So here’s the deal. M1 is a great platform for anyone who’s looking to build their own stock or ETF portfolio. Although classified as a Robo-advisor, M1 doesn’t have any pre-assessments to determine your risk tolerance and they also don’t invest for you. So although you can choose from pre-made pies, M1 requires a more hands-on approach and is great for anyone who wants a more active role when it comes to investing. Once your portfolio is built, all you have to do it set recurring deposits and M1 will take care of the rest until you decide you want to change your portfolio. M1 will also automatically reinvest your dividends which will help your money compound in the long-run. This strategy is called dollar cost averaging which was used by renowned investors like Warren Buffett and Benjamin Graham. Dollar cost averaging takes your emotions out of the market. This makes M1 a great platform for any buy and hold investor. Also if you’re brand new to investing or you’re a day trader, M1 Finance may not be the best platform for you. As I mentioned in the cons, if you’re new to investing, you’re better off using a robo-advisor like Stash, Acorns, or others that offer already built portfolios. Take that time to learn about investing and once you feel comfortable building your own portfolio, then it may be time for you to move to M1. I hope you enjoy this video about the pros and cons of M1 Finance. Social Links: Website: http://www.wharmstrong.com Twitter: http://bit.ly/2DBEhdz Facebook: http://bit.ly/2F5uB8a Instagram: https://www.instagram.com/wharmstrong1/ Disclaimer: Nothing published on my channel should be considered personal investment advice. Although I do discuss various types of investments and strategies, I am not a licensed professional. Please invest responsibly. This video contains affiliate links
Views: 379 Will Armstrong
IRS wash sale rule
If you sell a security at a loss and buy the same or "substantially identical" security within 30 calendar days before or after the sale, the loss is typically disallowed for current income tax purposes. This is because of the so-called wash sale rule. Attorney Tom Olsen: And Dave we did have a tax question from somebody who said that they sold some stock and made $5,000 and that profit is still sitting in the investment account, they haven’t taken it out. Do they still owe taxes on the sale of that stock? Attorney Dave McCarron: Yes. That is a great question. What’s happened is they have a realized gain on the stock sale when they sold it. So, they may have had that stock for a long time, and until they sell it, they don’t pay any taxes on that appreciation or on that growth on that stock. Once they sell that stock, that’s when it’s called realized gain, and that’s when they are going to owe taxes on that gain. It’s important to realize that you do have some of the other things that you could do to reduce that taxable gain. Let’s say for example they have another investment that they have lost money on; they may have lost $5,000 from that investment. Well, that’s not going to be a direct offset against the gain that they realized on the first stock until they sell that stock that they had a loss on. Attorney Tom Olsen: Okay. Attorney Dave McCarron: They have to sell it to realize the loss in order to offset that loss against the gain. And there is an important distinction as well after that is if they sold the stock at a loss but they wanted it. Because they think it may come back around, you know we have a hard time in giving up our investment altogether. So, if they want that stock again, they have to wait 30 days before they buy it back. If they buy it back within 30 days, that loss that they had is not going to be deductible against the gain. Attorney Tom Olsen: Oh my goodness. I never thought about that strategy. You sell your stock, take a loss against another gain and turn around and buy that loss stock again. Attorney Dave McCarron: Yes. It’s what is called wash sale rules. Wash sale rules come into play if you buy that stock that you lost money on back within 30 days of selling it. Attorney Tom Olsen: Tell me that real slowly. Wash sale rules? Attorney Dave McCarron: Yes. It is called the wash sale. Attorney Tom Olsen: As in “do your laundry” wash? Attorney Dave McCarron: Yes, like “do your laundry” wash. What happens is that the loss that you had is washed out if you buy it back. Attorney Tom Olsen: Okay. Attorney Dave McCarron: So it’s eliminated until you sell it the next time. Call or text Chrissy at 407-808-8398 if you need a lawyer or attorney in Central Florida including Orlando, Winter Park, Windermere, Daytona Beach, The Villages, Melbourne, Altamonte Springs, Lake Mary, Longwood, College Park, Bay Hill, Oviedo, Sanford, DeLand, DeBary, Deltona, Leesburg, Clermont, Thornton Park, Baldwin Park, Ponce Inlet, New Smyrna, Ormond Beach, St. Augustine, Kissimmee. Olsen Law Group in Orlando at 407-423-5561.
Views: 895 LawTube
Robinhood | Tax breakdown
Robinhood is the application that allows customers direct access to the stock market and saves investors money by offering the entry and exit fees for free on the purchases of the stocks. With that level of access to the stock market and the allure of making quick money using the applicationcomes with great responsibility and my fear is that many investors may be following a similar path to one I took about 10 years ago getting into tax trouble trading in and out of positions recklessly. The bottom line in investing is making money. I don't do it for fun, or glory or any other reason but to accelerate profits for my financial future. It is imperative that any individual looking to get involved in Robinhood pay particular attention to the tax breakdown I give in this particular video and ask your self if saving the trading fees is really worth what I consider restricting your options due to the Taxable situations created on each and every trade executed within the account. Compounding interest calculator and fee comparison tool: http://www.tradingacademy.com/resources/calculators/compare-investment-fees.aspx ----The following equipment was used to produce this video---- Camera: http://amzn.to/2r4PWKX (Hero 4)(Old videos) Camera: http://amzn.to/2sc4Alk (Hero 5)(New videos) Tripod: http://amzn.to/2sceOlG Lighting: http://amzn.to/2rxXE1G Desk: http://amzn.to/2sc0s4K Microphone: http://amzn.to/2sLGTgz Citizen Watch: http://amzn.to/2s5LAny DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! DISCLAIMER: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view here. One singular mission: Share with every viewer the best kept secret in the Financial Wold! It's a secret that money managers don't want you to know about. Here it is: You can own/trade individual stocks, etf's, own index funds and limited partnerships or bond funds all within your roth ira account! The secret is in the type of account you need to start. The self managed account. You will not hear this from your financial planner. This relatively new service is available to anyone who opts to take charge of their own financial future and can do so by starting a self-managed Roth IRA. Any roth account will provide tax shelter and allow for contributions and earnings to be withdrawn at age 59.5 years old. However, only a self-managed account can maximize profits through wealth preservation by eliminating fees charged to traditional investment accounts. Cumulative growth, dividend re-investment and compounding interest can all work to maximum potential for you free of the damaging effect of fees from traditional managed account types. It's an exciting time to be an independent investor. Accelerate your returns by building a passive or active portfolio using my 22 years of experience and foundational approaches that are easy to understand and take little to no experience. Just a little initiative will result in stepping into a whole new world of accelerated profits and financial security for you, and your family. No too accounts are the same. Investment tolerances differ. That makes it even more important for you to pay attention to and learn some of the basic terminology, potentials, account types and use them to align your specific financial plan with your financial future. See what it's like to become an Independent Investor. It may be the most financially liberating move you could ever make in your life!
Views: 2183 Independent Investor