Gold Edges Higher After Inflation Concerns Simmer Down
(New York)
Gold has been a strong but steady incline for most of 2021, but…see the full story on our partner Magnifi’s site
Biden’s Huge Tax Hike is Imminent within a Week
(Washington)
The last couple of months has been very tense for advisors. Not only have discussions around a renewed version of the DOL rule been swirling, but highly significant tax hikes are pending. Biden is planning a huge multi-trillion Dollar increase in spending, which means tax hikes are almost a certainly. And none of them is more worrying than the hike on long-term capital gains taxes, which Biden wants to push up to 43.4% vs 23.8% now. That is scary in itself, but here is the truly worrying part: experts think it will take effect May 27th (next Thursday). This would be simultaneous to his announcement of his full budget.
FINSUM: Evidently Biden doesn’t want to give advisors and accountants time to game plan around his changes, so he wants them to go into effect immediately upon release of the budget (and they could even be retroactive).
Here is When a New Fiduciary Rule Will Hit
(Washington)
A new fiduciary rule has been in the back of all advisors’ minds for several months now. In February…see the full story on our partner Magnifi’s site
Top Fintech ETFs To Watch Out For
(New York)
Financial technology is one of the fastest-growing sectors in the market…see the full story on our partner Magnifi’s site
Big Trouble for Tesla in China
(Las Vegas)
Tesla Inc. Stock dropped recently after…see the full story on our partner Magnifi’s site