Here's SMI's roundup for an early August day! We hope you find these articles to be interesting and helpful.
I can't explain (Joe Wiggins, Behavioural Investment). Beware of financial forecasters: "People who didn't predict the market sell-off will confidently foresee what is to come."
What is the yen carry trade? (Wall Street Journal). As SMI's Mark Biller noted Monday, one reason for the recent market upheaval is "a massive unwinding of leverage in the financial system."
Avoid the 'Social Security Torpedo' and 3 other tips to slash your tax bill in retirement (Barron's via MSN). Smart tax moves made early in retirement can pay lasting dividends.
Life in the 0% long term capital gains bracket (Jim Dahle, The White Coat Investor). How large is the 0% tax bracket? Larger than you may think.
A primer on charitable giving (Blair duQuesnay, The Belle Curve). An overview of tax deductibility, Donor-Advised Funds, QCDs, and more.
College financial aid applications delayed for second straight year (Wall Street Journal). Same song, second verse.
PLUS Loans can help pay for college — at a cost (Kiplinger). And it's a rather steep cost.
You can now open a 100-year CD. But should you? (Kiplinger). How to lock in 4.75% APR for a long, long time.
4 ways to help clients with digital assets (Mark Criner III, Think Advisor). This piece is written for financial advisors. However, we all need to plan for what happens to our digital stuff (emails, social-media accounts, photos, digital medical records, etc.) after death.
Charted: U.S. national debt reaches $35 trillion (Visual Capitalist). "Since 2020, the U.S. has added $11.8 trillion to its national debt, accounting for more than one-third of the current total."
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