Here is SMI's latest collection of interesting articles from around web. We hope you find them informative and helpful.
A year-end surprise: A tax bill on top of your mutual-fund losses (Wall Street Journal). For investors using taxable accounts, "it's like getting hit when you're down."
What is the bond market saying about the economy? (Ben Carlson, A Wealth of Common Sense). "My biggest reservation about using the bond market to predict what’s going to happen with the economy is the Fed’s involvement in the market."
Recession drumbeat gets louder as more U.S. CEOs strike mellow note for 2023 (Reuters via Fidelity). A survey of top CEOs shows companies are planning to slow down hiring and capital investments for the next six months.
Visualizing tech company layoffs in 2022 (Visual Capitalist). In the U.S. alone, nearly 90,000 workers at tech companies have been let go this year, including more than 20,000 at Meta and Amazon.
Vanguard Group, one of 'big three' index fund managers, quits ESG-oriented 'Net Zero' group (Legal Insurrection). The company said it wants to maintain the freedom not to restrict its investment options. Related: ESG-focused funds shrug off criticism, survey says (ETF.com)
Your wallet is being drained by subscriptions. Wall Street thanks you. (Wall Street Journal). The strategy of locking people into small, recurring payments has created hundreds of billions of dollars of value on Wall Street.
A guide for conducting a year-end financial review (Bob Lotich, Personal Finance By the Book). A look back at 2022 will help you better understand where you're doing well and what needs improvement.
Data-driven study finds Christians are the most charitable Americans (HillFaith). People who regularly spend time reading Scripture are the most likely to be generous givers to those in need.
Your move from TD Ameritrade to Schwab. (Jonathan Craig, Schwab Head of Investor Services). A letter to TDA clients about the upcoming transition of all TD Ameritrade accounts to Schwab.
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