Sitting Pretty in Nvidia? Here's What to Do.
No images? Click here By Elizabeth O'Brien | June 30, 2024 It’s a good thing Barron’s prohibits me from holding individual stocks that I cover. Otherwise, I’d have Nvidia FOMO big-time. The stock is up nearly 200% over the past year, despite a recent dip. And over the past five years, it’s up nearly 3,000%. Had you the foresight or luck to invest $10,000 five years ago, you would be sitting on about $316,000, including dividends and stock splits. That’s some serious gains. If you choose to take profits in your taxable accounts, you’ll face capital gains taxes. Financial advisors always say you shouldn’t let the tax tail wag the investment dog. In other words, let your investment strategy dictate your buy and sell decisions, not the tax consequences thereof. Still, it’s good to be aware of your options, including tax loss harvesting to offset gains. Charitably inclined investors can donate appreciated stock to eliminate their capital gains tax. Donor-advised funds are one vehicle that can help you donate efficiently. CONTENT FROM TIAA TIAA is innovating to transform client experiences. America is facing a retirement crisis. More than 40% of US households won't have enough money to retire. Our retirement paychecks - income from your retirement savings - deliver a predictable source of income for millions of Americans. TIAA is re-inventing retirement from the inside out, creating modern digital-first solutions, so you can put employees first. Learn More Things Are Looking Up For Income InvestorsHere are 11 sectors to consider, from TIPS to mortgage securities to municipal bonds. Elections Don't Matter When It Comes to Your PortfolioData suggests the outcome won't have a big market impact. How to Move Out of Cash Before Interest Rates DropIt's best not to wait until the last minute. Biden Proposes Saving Social Security by Taxing the Wealthy He has revived a proposal to increase the payroll tax on those making more than $400,000. Here Are the Keys to Retiring Early Have a plan for health insurance, for starters.
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