Squeeze some short sellers

What a crazy week Wall Street had. If you followed the news, you must have heard of GameStop, a short sale, a short squeeze, and other fun stuff. Many people made millions, a few lost billions, plenty of them got angry, while some were satisfied. What just happened? Let’s explain few things first. What is a short sale? It’s very …

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Second stimulus check is coming. When?

Senate Majority Leader Mitch McConnell said Tuesday that Americans will receive another stimulus check as part of the next round of COVID-19 relief package. Unfortunately, it seems that Republicans are not on the same page about the details of another proposal to help individuals and struggling businesses survive these hard times. Toss Democrats in the mix and you have a …

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Dividends are taxed

Dividends are taxable income. Sure it would be very nice if you get to keep all of it, but Uncle Sam wants his share of it! So, before you start investing in businesses that pay out dividends, you should take into consideration tax consequences.  Qualified vs. nonqualified dividends First thing first, there are two types of dividends: nonqualified (ordinary) and qualified. …

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When do you need term life insurance?

As a young adult, I never really thought about buying term or any life insurance. Maybe because a 20-year-olds don’t think about their own mortality. And because I was lacking the life experience. However, now that I am expecting my first child, many thoughts are crossing my mind that hasn’t before. I want to make sure that if something happens …

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