Author: Press Room
Many investors who prospered from gold’s bull market will be surprised by how profits on their gold investments are taxed. Gold is a collectible in the tax code, giving it less favorable treatment than most other investments. The first unfavorable treatment is that IRAs and other individually-directed retirement accounts (both traditional and Roth versions) aren’t allowed to own collectibles. The purchase of a collectible is treated as a distribution to the IRA owner. There are exceptions for certain types of coins and bullion. I won’t the treatment of collectibles in retirement accounts in detail in this post but discuss some…
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Germany’s Friedrich Merz promised to “achieve independence” from the US after his centre-right bloc won federal elections, putting him at the head of a potentially complex coalition during a time of upheaval for Europe. In an election where Germany shifted to the right, Merz’s Christian Democrats (CDU/CSU) came first with 28.6 per cent of the vote on Sunday, leaving it needing at least one coalition partner to secure a working parliamentary majority.Germany’s far-right Alternative for Germany (AfD) came second, with its highest ever vote share of about 21 per cent.Within hours of polls closing, Merz declared that Germany had to fundamentally…
Hustle culture and the ever-shortening form of advice have led to the deification of undying devotion — whether to a cause, a goal, or a priority. This oversimplification is also prominent in financial planning. Of course, courage in the face of adversity is laudable, generically speaking, but wisdom is rarely rigid. Wisdom pauses, asks more questions, considers, calibrates, compromises, and yes — wisdom changes course. John Maynard Keynes, one of history’s most influential economists, put it simply: “When the facts change, I change my mind.” Ralph Waldo Emerson put it even more sharply: “A foolish consistency is the hobgoblin of…
This article was written byFollowI am Dividend Grower and I’m always searching for dividend stocks with sustainable payout ratios. Especially those that have a history of growing their dividends well above the rate of inflation. Sometimes these are the obvious ones (think KO, PG, etc.) but more often they are not. I have an MBA from Columbia University and worked in the finance industry in New York for many years. I have been both a registered investment advisor and a commercial real estate lender. These have been my career areas of focus. Two of the largest deals I had the…
Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.China’s government spends less on its citizens than most other countries with similar or greater income levels, analysis by the Financial Times shows, potentially undermining Beijing’s efforts to encourage consumption to boost its flagging economy.The country’s leaders will announce new economic targets at the annual meeting of its rubber stamp parliament next month and unveil stimulus measures to overcome weak domestic demand following the bursting of its property bubble.China’s state spends only about 6 per cent of GDP on what is known…
Before moving from a state or establishing a second home, know how the state you currently reside in will react. States with net losses of residents are developing innovative and aggressive ways to capture tax revenue from their expatriates. The most recent innovation is the “exit tax” imposed on departing residents. A proposed wealth tax in California would tax residents and businesses with annual incomes exceeding $30 million ($15 million for married couples filing separately). They would have to pay a tax of 0.4% on their net worth exceeding the trigger amount and could be liable for the tax up…
This article was written byFollowWith years of investing experience in the financial markets, I have honed my skills in identifying and capitalizing on investment opportunities across diverse sectors. My investment approach is based on fundamental analysis of stocks, focusing on companies with a strong competitive moat, consistent growth in free cash flow, and a track record of robust financial performance.My investment philosophy is rooted in long-term, fundamental investing. I steer clear of short-term trading tactics and options, believing instead in the power of long term investing to unlock value. This approach has served me well over the years, allowing me…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indonesia’s plans to spend $28bn per year on free meals for schoolchildren have triggered unlikely opposition from students angry at looming spending cuts on higher education.Thousands of students took to the streets in cities across the country this week, decrying what they call Indonesia Gelap or “Dark Indonesia” and marking the first concerted resistance to the policies of Prabowo Subianto since the former general became president four months ago.The students oppose Prabowo’s call to slash government spending, including on education, to fund…
Semi-retirement can offer important financial and lifestyle advantages to people in their 50s, 60s, and early 70s. By not quitting work completely, you can use the semi-retirement strategy to significantly increase your retirement income for when you do eventually retire full time, while also getting more time now to enjoy life and feel closer to being retired. By the way, “phased retirement” is another way to describe this strategy. To make semi-retirement—and, in turn, retirement—work successfully for you, you’ll need to pay attention to a few items. By addressing these items now, you’re setting a strong foundation in place for…
