Is it really possible to owe $800k in taxes on $45k of profits? The answer, sadly, is yes. In this video, Tom explains how one individual got himself into a tax nightmare by day trading his account on margin and not understanding the wash sale rule. Check out this...
The real estate market has been HOT lately, especially here in Monmouth County, NJ. But is homeownership for everyone? We break down some pros and cons in this week's video. https://www.youtube.com/embed/fTnOGna2GEY Show Notes 'Is Homeownership for Everyone?' -...
With the tax filing deadline right around the corner, we discuss the difference between marginal and effective tax rates in this week's video. It's important to understand the distinction because most people don't pay as high of a percentage in taxes as they think!...
The technology sector has been remarkably strong from the bottom of the market last March, until now. The last few weeks have seen technology stocks and funds sell off slightly. What's going on? In this episode, Tom explains why the technology sector has been cooling...
There are a few economic environments where gold "should" do well. Over the last 6 months, we've experienced ALL of them at once, and gold has done nothing. What's going on? In this week's video, Tim gives his take. https://www.youtube.com/embed/v-pIYRZImjY Show Notes...
Over the last two days, the Chairman of the Federal Reserve Jay Powell gave a testimony in front of Congress about the state of the economy. He discussed worries about inflation and other factors concerning Americans at the moment. In this week's video, Tom gives 10...
The media writes headlines that are made to get your attention. In our latest episode, Tom gives two examples of how a headline can give readers the wrong impression. Don't let a headline scare you into doing the wrong thing! https://www.youtube.com/embed/z8_Oybtwv14...
Even when things are going well, the markets and the financial media always find something to worry about. In this video, Tom addresses the inflation concerns that seem to be creeping back up in the media, and why it's not a concern for you....
The frenzy surrounding GameStop seems to be winding down here this week, but we wanted to have one more conversation about it before moving on. In this week's video, Tom explains why this example of emotionally-charged short squeezing in GameStop is another good...
After the market madness of GameStop and other stocks this week, we talk about short selling in this week's video. It's important to understand the basics of what is going on. Don't forget to SUBSCRIBE to our YouTube channel as well!...
