Good morning.
IRS data shows that millions of Americans have voted with their feet in the past decade. They’ve left high-tax states such as California, New York, and Illinois, largely for sunbelt states such as Texas and Florida, neither of which have an income tax at the state level.
While the move began before the pandemic, the numbers are staggering. California saw a net loss of 332,000 in the past three years. New York lost 262,000, and Illinois lost 105,000.
Avoiding paying extra taxes based on where you live can have a huge impact over your lifetime – possibly even more than some investment decisions. Investors and traders alike should consider their home base and the cost of living in some areas versus others given the wide differences that exist today.
Now here’s the rest of the news:
First Republic “Rescuers” Could Be Hiding Something
Ever since 11 banks on March 16 donned the garb of heroic firefighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves the question – why just this group of 11 banks… [Read Here]
JPMorgan Brags About Their Great Deal
JP Morgan came out this morning and in a presentation to its shareholders bragged about the great deal it got – another instance of a bank and its owners getting rich off yet another government bailout… [Read Here]
May 03, 2022
Good morning.
Goldman Sachs (GS) is calling for an end to the recent market carnage. The investment bank sees fund flows improving into equities which should give some support to markets. Based on prior predictions from Goldman, investors should prepare for at least one more wave of market volatility.
The coming weeks will see a new flurry of economic data. We may start to see signs of peaking inflation, but given the recent track record by investment banks and even the Fed, it’s hardly been anything but transitory. And with supply chains even more snarled than at the start of the year and GDP declining, the prospect of a strong move higher in markets now may be more of a relief rally than the start of a new trend.
Traders should stay focused on assets that can rise here, such as commodities. And to take advantage of solid valuations to pick up great companies trading at a bargain now. And with the use of tools like buying put options and covered call writing, investors can add to their income in these volatile markets.
Now here’s the rest of the news:
How to Build a Crash-Proof Retirement Plan
After several months of high inflation accelerating above 5%, some retirement savers are feeling the “bite” of inflation. Some are starting to give up all hope on the idea of… [Read Here]
U.S. Officials Have A Bizarre, Confusing Strategy To Stop Inflation
You might think that U.S. officials would examine government spending with more skepticism in a stagflationary economy. But it doesn’t look like that’s… [Read Here]
May 03, 2021
Good morning.
The stock market had its steepest and shortest bear market last year, with a contraction of nearly 30 percent within the span of a month. Now, a year into a recovery, the rally in stocks has started to slow.
One reason? Growing policy uncertainty. Stocks sold off Friday as a Fed President made the case for housing getting into bubble territory and a need for interest rate hikes next year. Just like in the early 2020s, in the post-financial crisis rebound, fears of reduced monetary policy are usually good to create a pullback in markets.
We’re still a long way from a healthy, fully-reopened economy. But the amount of stimulus this time around and stepping back from that will create challenges… and market fears that create long-term buying opportunities.
Now here’s the rest of the news:
Insanely Cheap Energy: How Solar Power Continues to Shock the World –Royce Kurmelovs, The Guardian
Australian smarts and Chinese industrial might made solar power the cheapest power humanity has seen – and no one saw it coming… [Read Here]
May 03, 2020
Motivation Sunday!
the Gannet is a seabirdHere’s to a better YOU … and now …
Today’s DarrenDaily Recap Sunday.
A collection of the weeks videos from Darren Hardy. Enjoy!
I’ll leave you with a picture of the Gannet Nesting at Cape St Mary in Newfoundland…
May 03, 2019
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May 03, 2017
Keeping my losses small is one of the best ways to protect my gains. It can be hard to let go of our losing trades … but essential. 1
Working with a new “real time market investment university program” on my PC called VectorVest. It’s under a trial subscription now, but in weeks the Monthly Subscription [$137 USD for RealTime or $87 USD End-of-Day] will kick in!
I can cancel anytime!
The investments I’m watching right now are all resources stocks on the TSX — MNY, TSN, and GRG.
Nothing bought yet, just watching.
REW
1. Most individual investors… They let their weeds become bigger weeds. And they trim their roses before they even start to bloom. Do that long enough, and all you’re left with is a worthless pile of weeds.
