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Besides sales tax, excise tax, property tax, income tax, and payroll taxes, individuals who buy and sell personal and investment assets must also contend with the capital gains tax system. If you sell capital assets like vehicles, stocks, bonds, collectibles,…
The world has changed dramatically from 2000 to 2020. With the onset of the digital age, innovations in technology and society have propelled us forward so rapidly that many of the “advancements” we considered cutting-edge just a few years ago…
The consumer staples sector is a favorite among some of the biggest players in the investing community. Warren Buffett is known for keeping a large portion of his investing dollars in the sector. There are some natural benefits to investing…
Prior to the Industrial Revolution, most Americans lived in self-sustaining agrarian communities. During this time, wealth was built through the growth and sale of cash crops and products like tobacco and lumber. Minerals, fish, and furs were also popular sources…
Do you buy and sell stocks, bonds, mutual funds, and other investment property? If so, you need to familiarize yourself with IRS Schedule D, the form used to report capital gains and losses resulting from the sale of investment property. When…
The energy industry is an important part of the global economy. In fact, the energy sector and global economy are so closely intertwined that some economists use the values of crude oil and natural gas as a gauge of global economic health. However, the…
Investing is something everyone knows they should be doing. The stock market provides an opportunity to build wealth over time, setting the stage for financial stability leading up to and in your golden years. Unfortunately, investing isn’t commonplace in the United…
Investing in the stock market is one of the best ways to build wealth over the long term, but it can be complicated and stressful to get started if you’ve never invested before. The good news is that investing is…
I’ve never forgotten the details of my first purchase of an original oil painting, “Going Home” by cowboy artist Jimmy Cox in 1978. The scene is a panorama of a barren, West Texas prairie at dusk, the sky filled with…
Warren Buffett is considered by many to be the most successful stock investor ever. Despite the occasional mistake, Buffett’s investing strategies are unrivaled. In 1956, at age 26, his net worth was estimated at $140,000. MarketWatch estimated his net worth at…
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