The wealthy use tax code to their advantage and you should too. These threads take time to write, so if you found it helpful, please:
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Here are 10 everyday items that didn't exist 15 years ago that many cannot live without:
• Netflix
• iPhones
• Uber/ Lyft
• Venmo/ Zelle
• Instagram/ TikTok
• WhatsApp/ Facetime
The SEC banned short sales on ~1,000 financial stocks on September 19th, 2008.
The SEC’s ban on short selling was intended to prevent investors from driving down the prices of financial stocks by shorting them.
But. the S&P 500 index fell ~50% to its lowest point in the month
$279 million was paid by the SEC to a whistleblower, the largest award ever.
(The SEC has awarded over $1 Billion to whistleblowers since the program was created in 2011)
The $279 million is more than double the previous record amount of $114 million that was issued in October
First Republic Bank $FRC executives are being investigated by the SEC for insider trading. Executives sold millions of shares prior to the collapse without reporting it.
The bank's collapse is the largest US bank failure since the 2008 financial crisis.
The Federal Reserve used to be a lot more humble in their estimates and more willing to admit when they were wrong.
The current Fed seems to be more confident in their abilities and less willing to admit when they make mistakes.
It’s a shame
Carl Icahn is one of the most prominent investors of our lifetime.
He has a networth of $14 billion.
However, he was just accused of running a Ponzi scheme.
Here is the wild story: