Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.
HFT
A media storm erupted this week because of the 60 Minutes story – Rigged and the release of a new book by Micheal Lewis. Once again, headlines make drastic claims about the market and your money.
What’s the best way to sell a book? Get a 60 Minutes infomercial and make bold statements about how Americans are getting ripped off.
Kidding aside, people are always looking for an advantage. It’s human nature. History is repeating itself for the thousandth time. Only this iteration is computerized. Continue Reading…
Are you ready to join the mad rush to the tax deadline or did you finish your return early? There’s about two weeks left to get your return finalized, signed, and sent to the IRS. With that in mind, I’ve put this reminder together with info to help you make the most of your refund and get that tax return in on time.
Did you know you might be overpaying capital gains tax on investments because of tax rules that went into effect in 2011? Those new rules changed the way we report capital gains and losses on investments. Under the old rules, it was your job to report cost basis, that’s what you paid for the investment, to the IRS. With the new rules, it’s your broker’s or fund company’s responsibility.