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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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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