FTX: Celebrities Named in Lawsuit

Posted on December 28, 2022 by Dr. Marcinko

SUSPICIOUS AFFINITY MARKETING?

By Staff Reporters

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DEFINITION: Affinity marketing is a concept that consists of a partnership between a company and an organization that gathers persons sharing the same interests to bring a greater consumer base to their service, product or opinion. This partnership is known as an affinity group.

CITE: https://www.r2library.com/Resource/Title/082610254

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So, after the collapse of Sam Bankman-Fried’s crypto exchange FTX, a number of celebs who had acted as ambassadors for the company were named as defendants in a class-action suit against it.

Comedian and Seinfeld creator Larry David, Tampa Bay Buccaneers quarterback Tom Brady, and basketball stars Shaquille O’Neal and Stephen Curry were likely trading lawyer recommendations in the A-lister group chat.

Beware celebrity and affinity marketing!

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ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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Filed under: Career Development, Ethics, Glossary Terms, Investing, LifeStyle | Tagged: , , , , , , | 2 Comments »

What is the SANTA CLAUS Stock Market Rally?

Posted on December 28, 2022 by Dr. Marcinko

LATE DECEMBER – EARLY JANUARY RISE

By Staff Reporters

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RALLY: A rally is a period of sustained increases in the prices of stocks, bonds or indices … An increase in prices during a primary trend bear market is called a bear market rally. A bear market rally is sometimes defined as an increase of 10% to 20%.

Now, a Santa Claus Rally describes a sustained increase in the stock market that occurs in the last week of December through the first two trading days in January. There are numerous explanations for the causes of a Santa Claus rally including tax considerations, a general feeling of optimism and happiness on Wall Street, and the investing of holiday bonuses.

CITE: https://www.r2library.com/Resource/Title/0826102549

Another theory is that some very large institutional investors, a number of which are more sophisticated and pessimistic, tend to go on vacation at this time, leaving the market to retail investors, who tend to be more bullish.

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MORE: https://ab1cb44b2e48b34b5d4f2cf57df3b90b.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

RELATED: https://www.msn.com/en-us/money/news/a-santa-claus-rally-%e2%80%a6-from-an-all-time-high/ar-AAQUT3G?li=BBnb7Kz

UPDATE: https://www.cnbc.com/2021/12/01/cramer-charts-suggest-stocks-may-fall-more-before-santa-claus-rally.html

MORE: https://www.msn.com/en-us/money/markets/the-santa-claus-rally-in-the-stock-market-could-stumble-this-year-as-fed-hawkishness-and-rich-valuations-spook-investors-bank-of-america-says/ar-AARtSFP?li=BBnb7Kz

UPDATE: https://www.msn.com/en-us/money/markets/jim-cramer-says-the-santa-claus-rally-may-have-started-early-this-year-heres-why/ar-AARRb7r?li=BBnb7Kz

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Filed under: "Ask-an-Advisor", Glossary Terms, Investing, LifeStyle | Tagged: , , | 5 Comments »

IRS: Best States for Minimizing Taxes in Retirement

Posted on December 28, 2022 by Dr. Marcinko

By SMART ASSET

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If shrinking your tax liability is high on your list of priorities, a few states stand out. The winners in the list below either have no state income tax, no tax on retirement income, or a substantial discount on the taxes levied on retirement income. But that’s just the start.

CITE: https://www.r2library.com/Resource/Title/082610254

While several additional states have no state income tax, the states that made our list also have favorable sales, property, inheritance, and estate taxes.

  • Alaska
  • Florida
  • Georgia
  • Mississippi
  • Nevada
  • South Dakota
  • Wyoming

If those seven locations aren’t ideal, consider the next tier of tax-friendly states. Tax benefits aren’t quite as high as those above, but they do stand out in one specific category: no taxes on social security income.

That’s not to say they don’t make up for it in other areas, however. Washington State, for example, has no state income tax, but does have a 6.5% state sales tax. Still, it’s always beneficial to avoid income tax when possible.

  • Alabama
  • Arkansas
  • Colorado
  • Delaware
  • Idaho
  • Illinois
  • Kentucky
  • Louisiana
  • Michigan
  • New Hampshire
  • Oklahoma
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Virginia
  • Washington
  • West Virginia

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ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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Filed under: "Ask-an-Advisor", Accounting, Retirement and Benefits, Taxation | Tagged: , , , , , | Leave a comment »

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