Beware: 1 Major Hit To Your Portfolio If You Sell Now?
Have you ever wondered how much short-term versus long-term taxes actually affect your net worth and portfolio over time?
Let’s imagine a $100,000 portfolio goes up 20% annually and is taxed at the end of the year at 33% due to short-term capital gains. What would the portfolio grow to after 10 years?
Now make a guess as to what it would grow to after 10 years if held long-term and a 20% tax applied at the end of the 10 year period? » Read more about: Beware: 1 Major Hit To Your Portfolio If You Sell Now? »
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Alert: Stunning Pharma Stock 32.7% Undervalued
Investment Alert: Buy McKesson (MCK) Under $370/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
There’s lots to like about McKesson.
» Read more about: Alert: Stunning Pharma Stock 32.7% Undervalued »
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Market Commentary: 4 Reasons Why Buffett Bet 43% Of His Portfolio On 1 Stock
When you understand that stocks are not just prices on a chart but businesses, investing gets much easier. You take your eyes off solely viewing price undulations and focus more on the nuts and bolts of the business driving the share price.
One business with such extraordinary attributes that Warren Buffett bet over 43% of his holdings in it is Apple.
» Read more about: Market Commentary: 4 Reasons Why Buffett Bet 43% Of His Portfolio On 1 Stock »
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Market Commentary: Undervalued Zombie with 41.6% Upside
Zombie companies are heavily indebted but continue to operate and service their debts, though usually they don’t pay them off. Because they’re so heavily indebted, small changes in interest rates can make them vulnerable to bankruptcy. So you might be wondering, why, in a rising interest rate environment they should even cross our radar.
Well,
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Is This High Growth Stock Breaking Out?
Billionaire Stan Druckenmiller was once asked how he thinks about performance and his answer was quite insightful. Most traders might say something like “I aim to make 15% a year” or some other specific figure, but Stan’s answer was I like to “compare myself to the opportunity set” and beat it, meaning whatever the market is doing he likes to ensure he’s generating higher returns,
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Read MoreThe Burst
Is This Old Buffett Favorite Now Worth Buying?
Once upon a time Wells Fargo was beloved by Warren Buffett. Despite scandal after scandal plaguing the company, his conviction couldn’t be shaken, until finally the accumulation of issues appeared to spark a sell.
As a reminder, here are the scandals that rocked Wells Fargo over the years:
- September 2016: The fake account scandal
- September 2016: Improperly repossessing service members’ cars
- December 2016: Wells Fargo fails its ‘living will’ test
- March 2017: More fake accounts
- March 2017: Flunked community lending test
- April 2017: Whistleblower wins $5.4 million and his job back
- August 2017: Lawsuit over overcharging small business retailers
- February 2018: Sacramento sues over discrimination against black and Latino borrowers
- March 2018: Wealth management investigation emerges
- April 2018: $1 billion settlement for mortgage locks and auto-loan issues
- May 2018: Altering business information without client knowledge
- May 2018: $480 million to settle securities-fraud lawsuit
- June 2018: SEC fine for leading investors astray
- July 2018: Refunds over add-ons like pet insurance and legal services
- August 2018: Hundreds of houses foreclosed on due to computer glitch
- August 2018: Wells Fargo pays $2.1 billion for its role in housing bubble
- March 2019: Wells Fargo among advisors sanctioned by SEC for fee-disclosure practices
Since Buffett offloaded his position,
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Read MoreThe Spotlight
Market Commentary: Forget Apple, Uncle Sam Pays More
Apple made a splash recently with its announcement that iPhone users who have an Apple Card are now eligible to earn up to 4.15% annually. The announcement came as a shot across the bow to the already fragile banking industry. After all, who is more trusted than Apple with its fortress balance sheet to hold your money in a safe place?
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Read MoreThe Daily
The trade war is back: Trump announces new tariffs on China after threats sent stocks plunging
US stocks sold off on Friday after President Donald Trump threatened to revive the trade war with China. The S&P 500 saw its steepest loss since April.
In an initial post on Truth Social, the president said he believed China was “becoming very hostile” in trade talks,