The charm of this book comes from the author’s humors and wits. Without the weight of big ego usually found in successful people, his spontaneous, calm and pragmatic attitude toward people makes the reading of the book very enjoyable. As much as I learned about behind-the-scene operation of world finance, I found his ...
This book reads like a novel. Not many business books has so much thrill and suspense like a spy movie. It is a fascinating account by Robert P. Smith, a legendary pioneer in sovereign bonds trading, about his adventure in the dawn of globalization. He gives first hand stories about the dynamics ...
1031 exchange allows investors to shield a real estate deal from hefty tax bite. As heroic as it is to many, it has its share of complains. You have to buy another property within a short time and you have to continue to buy more expensive new property. Basically, it is restrictive and rigid. Formality ...
In real estate investment, it is very important to have an exit plan. Either you want to cash out completely, or you just want to change to different property holding, each move will cost you in term of tax. Tax is quite a fortune in real estate deals. Needless to say, you have to find ...
Whenever you sell things, you will pay tax on the profit. Selling inventory is ordinary income, but selling investment asset is capital gain. Capital gain is taxed at a lower rate. Alright, so, what is the misery? Capital gain is not always what you think it is. It is sometimes just a phantom. Current Rates The highest ...
If you find investment a worthwhile goal of life, start soon and start with basics. IRA, an saving account, loaded with tax incentives, is the best way to get a head start. I will use a story below to illustrate how it help you to go a long way. Humble Beginning You start with budgeting in order ...