How investors can avoid violating ‘wash sale rules’ when realizing tax losses

How investors can avoid violating ‘wash sale rules’ when realizing tax losses

John Lund | Blend Images | Getty Images The end of June marked the worst first six months of a year since 1970 for the S&P 500 Index, which plummeted by more than 20% since January. But there’s a silver lining: the chance to turn losses into tax breaks — as long as you follow … Read more

To understand this vile market, study the dot-com crash of 2000

To understand this vile market, study the dot-com crash of 2000

Forty years is an awfully long time. Yet that’s how much time has passed since we have had an abomination like this first half of the year. Almost everything went down. Your stocks went down. Your bonds went down. Your house went down. Your crypto went down. The only thing that didn’t go down were … Read more

Georgia is now the latest state to mandate personal finance education

Georgia is now the latest state to mandate personal finance education

Georgia Governor Brian Kemp makes remarks during a visit to Adventure Outdoors gun shop as he pushes for a new state law to loosen requirements to carry a handgun in public, in Smyrna, Georgia, January 5, 2022. Alyssa Pointer | Reuters High school students in Georgia will soon have guaranteed access to a personal finance … Read more

The IPO market is hibernating, waiting for the market to turn

The IPO market is hibernating, waiting for the market to turn

You think the stock market had a bad quarter? The IPO market was a catastrophe, and it’s not looking much better for the third quarter. Almost no one wanted to go public in the second quarter, and with good reason: record inflation and heightened recession fears investor soured appetite for established stocks, let alone IPOs. … Read more

European markets open to close after worst quarter since 2020

European markets open to close after worst quarter since 2020

LONDON — European markets closed mixed Friday after suffering their worst quarter since the onset of the Covid-19 pandemic, as inflation and interest rate hikes continue to weigh on sentiment. The pan-European Stoxx 600 index closed flat, having earlier posted gains of 1% in early deals. Tech stocks fell 2% to lead losses while utilities … Read more

5 things to know before the stock market opens Friday, July 1

5 things to know before the stock market opens Friday, July 1

Here are the most important news items that investors need to start their trading day: 1. Second half begins Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. Brendan Mcdermid | Reuters Markets are looking to rebound following the worst first half for stocks … Read more

How to buy Series I savings bonds via TreasuryDirect

How to buy Series I savings bonds via TreasuryDirect

Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return through October. However, it’s not easy to buy I bonds through TreasuryDirect, a 20-year-old platform run by the US Department of the Treasury, financial advisors say. “It’s … Read more

30% of LGBTQ+ adults experienced discrimination in financial services

30% of LGBTQ+ adults experienced discrimination in financial services

Rainbow flags celebrate Pride Month in New York. Lev Radin | Pacific Press | LightRocket | Getty Images Members of the LGBTQIA+ community are still struggling, in some instances, to access financial services that would help them manage their money. Some 30% of LGBTQIA+ adults have experienced bias, discrimination or exclusion in the financial services … Read more

First phase of market downturn over. Two left: Billionaire Jim Coulter

First phase of market downturn over.  Two left: Billionaire Jim Coulter

Jim Coulter, the founding partner and executive chairman of TPG, which manages $120 billion in investments, has been through seven or eight major market resettlements and that experience has led him to a form of pattern recognition in how downturns progress. He says there are “three chapters” in these difficult periods for investors, and the … Read more

Direct indexing becomes ‘democratized,’ as fees, account minimums drop

Direct indexing becomes ‘democratized,’ as fees, account minimums drop

As demand grows for specialized portfolios, a trend known as direct indexing is quickly becoming an option for more investors. Rather than owning a mutual or exchange-traded fund, direct indexing is buying the stocks of an index to achieve goals like tax efficiency, diversification or values-based investing. Traditionally used by institutional and high-net worth investors, … Read more