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October 21, 2012 Advice to the Wealthy: SELL!
October 21, 2012
Advice to the Wealthy: SELL! Bloomberg: Wealthy Advised to Sell for Gains Before Unfriendly 2013: That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4% from 15% and the top rate on capital gains to 23.8% from 15%. . |
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October 21, 2012 Advice to the Wealthy: SELL!
On 10/22/2012 1:14 PM, PJ O'D wrote:
October 21, 2012 Advice to the Wealthy: SELL! Bloomberg: Wealthy Advised to Sell for Gains Before Unfriendly 2013: That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4% from 15% and the top rate on capital gains to 23.8% from 15%. . You are assuming they will not approve raising the debt ceiling. You're wrong (again). -- Alias |
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October 21, 2012 Advice to the Wealthy: SELL!
On Mon, 22 Oct 2012 04:14:56 -0700 (PDT), "PJ O'D"
wrote: October 21, 2012 Advice to the Wealthy: SELL! Bloomberg: Wealthy Advised to Sell for Gains Before Unfriendly 2013: That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4% from 15% and the top rate on capital gains to 23.8% from 15%. . I wouldn't catagorize myself as wealthy, but I actually began selling about a month ago. That turned to be a little too early, but the market has had a really nice run, and we're close to the all-time highs, and we are facing the fiscal cliff next year and corporate profits were weak last quarter. So, why not sell? Having said that, though, there does seem to be a lot of optimism still in the stock market and there are obviously a lot of investors hoping for even more gains and a lot of investors who don't appear to be very worried about the fiscal cliff. |
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October 21, 2012 Advice to the Wealthy: SELL!
Why bother, donovan ?
You're not wealthy, not even healthy. "PJ O'D" a écrit dans le message de groupe de discussion : ... October 21, 2012 Advice to the Wealthy: SELL! Bloomberg: Wealthy Advised to Sell for Gains Before Unfriendly 2013: That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4% from 15% and the top rate on capital gains to 23.8% from 15%. . |
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