Here are a few investor jokes about getting rich quick Legal methods: Marry someone who is already rich. Have a rich person die and will you their money. Strike oil. Discover gold. Win the lottery. Illegal methods: Rob a bank. Blackmail someone who is rich. Kidnap someone who is rich and get a big ransom.
Category: Investing
Presidents’ Portraits on US Bills & Currency
What US Presidents Who Appear On American Money? Just in case you were curious, here is a list of the presidential portraits and other decoration on U.S. currency and Treasury instruments. List of Presidents on US Currency U.S. Currency Denomination Portrait Embellishment on back $1 George Washington Great Seal of U.S. $2 Thomas Jefferson Signers
Bull and Bear Lore
This information is paraphrased from The Wall Street Journal Guide to Understanding Money and Markets by Wurman, Siegel, and Morris, 1990. One common myth is that the terms “bull market” and “bear market” are derived from the way those animals attack a foe, because bears attack by swiping their paws downward and bulls toss their horns upward.
Wash Sale
What is a Wash Sale? A “wash sale” describes the situation in which you sell shares of some security at a loss, and within 30 days you purchase substantially identical securities. At face value, it looks like you took a loss on an investment (would would be deductible from your gross income when you do
Uniform Gifts to Minors Act (UGMA)
The Uniform Gifts to Minors Act (UGMA), superseded by the Uniform Transfers to Minors Act (UTMA) in some states, is simply a way for a minor to own property, such as securities. The UGMA/UTMA setup is commonly used to give monies to a minor. IRS regulations allows a person to give many thousands of dollars
Tax Swaps
A tax swap is an investment strategy usually designed for municipal bond portfolios. It is designed to allow you to take a tax loss in your portfolio while at the same time adjusting factors such as credit quality, maturity, etc. to better meet your current needs and the outlook of the market. A tax swap
How are Short Sales Taxed
How are Short Sales Treated for Tax Purposes? What do you do if a short sale is open at the end of a calendar year? Brokerage houses report all sales (normal or short) on Form 1099-B as “sales”, so you might think that you have to report it on your Schedule D to make the
How to Report Option Trades for Taxes
This article summarizes the rules for reporting gains and losses from trading stock options. Like any other security transaction, even if you get cash up front as in the case of shorting a stock or writing an option, you do not declare a profit or loss until the transaction has been closed out. Also note
How to Report Fund Distributions for Taxes
This article briefly lists the rules for reporting the most common distributions from mutual funds for federal tax purposes. A mutual fund is required by law to pass on essentially all of its profits annually to its owners, the shareholders, in order to avoid being taxed on that income. These payments include both capital gains
US Taxes for Foreign Investors
Non-resident aliens can hold investments in the United States quite easily, and most aliens are exempt from many taxes on income from those investments. For example, if a non-U.S. national works in the U.S. for some period of time and amasses a nice portfolio of stocks while here, that person can hang on to the