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gamestop

Trading vs. Investing: What We Can Learn from the GameStop Saga

By Blog
I was recently quoted in an article for Long Island Newsday, and mentioned that there are big differences between investing and trading. Both want to profit from appreciation in the stock market, but the time horizons are very different. Investing is long-term – it considers your goals, risk tolerance, liquidity needs, and longevity. You look to diversify your portfolio appropriately for your circumstances and put money across various asset classes. Ideally, you rebalance as markets move and stick to your long-term plan in the face of market volatility. For many investors, trading, on the other hand, can be focused on…
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market recap

Winter 2021 Market Recap

Video
As 2020 has finally come to an end, our Investment Team shares their insights on the year's investment trends and discusses what's to come in our Winter Market Recap. Winter 2021 Market Recap from Wealthspire Advisors on Vimeo.   Wealthspire Advisors LLC is a registered investment adviser and subsidiary company of NFP Corp. This information should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The commentary provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the…
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Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) Updates

By and Blog
There has been an almost constant buzz over the past few weeks concerning various stimulus packages and potential tax code changes. A disciplined planning process certainly incorporates what is known, while also exploring what might be.   With the combination of President Biden’s inauguration and Democratic control of both houses of Congress, along with nearly $9 trillion of stimulus spending, most anticipate tax increases for both individuals and corporations. In this blog written prior to the election, our team provides a recap of some of the initial Biden proposals. As the elections (including Georgia runoffs) are now complete, expectations are becoming somewhat…
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2020 4th Quarter Commentary: “2020: Happily In Hindsight”

Market Commentary
In this letter: As 2020 ends, the contrast between solid financial markets and the ravages of COVID-19 continued Both equity and fixed income markets saw noticeable regime changes during the year The classic 60% equity/40% fixed income portfolio just had its best two-year return since 1997-1998 A year-end investment commentary typically talks on performance, valuations, levels of market indices and rates, to name a few common topics. It would be tone deaf of us, however, not to acknowledge upfront the profound impact the COVID-19 pandemic has had on all of us and our families: the headline number of cases, hospitalizations,…
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PPP loans Flexibility Act

Paycheck Protection Program (PPP) Loans: Round 2 Updates

By Blog
The Small Business Administration (SBA) recently released more information regarding the second round of Paycheck Protection Program (PPP) loans as the application process opened Monday, January 11 under the $284 billion program authorized by the $900 billion stimulus relief bill signed on December 27, 2020. The loans are available to both first time and second time borrowers. In an effort to give priority to underserved businesses including veteran, minority, and women owned businesses, only loans from community financial institutions will be accepted initially (starting January 11 for first time borrowers and January 13 for second time borrowers). It has not…
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QBI

Qualified Business Income (QBI)

By and Blog
Deduction May Create New Planning Strategies for Some Business Owners The Tax Cuts and Jobs Act of 2017 introduced a new 20% tax deduction focused on pass-through businesses. As tax accountants pore through the Internal Revenue Service’s recently released 184-plus pages of guidance on the so-called Section 199a deduction for “qualified business income” (QBI), many business owners are wondering whether they will qualify. While everyone’s circumstances are different, and we encourage consultation with a tax advisor, the Act created an opening for several planning opportunities to potentially reduce tax bills for owners of such businesses. First, a little background. Qualified…
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holiday reading list

Holiday Reading List 2020

By Blog
In a year like no other, being at home for the holidays may present you with extra free time for some reading. Our team was eager to share some recent favorites with you, both financial and otherwise, in hopes that you may enjoy them as much as we did. Happy reading! “The Practice: Shipping Creative Work” by Seth Godin Recommended by Nicole Hart In this book, Godin underscores the importance of consistently engaging in creative work without regard to the outcome. He frames creativity – and in particular, the sharing of one’s creative results – as an act of generosity.…
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bitcoin

Bitcoin: A Brief Update for U.S.-Based Individual Investors

By Blog
The following post will attempt to provide an overview of bitcoin's current status. Please note that although we have made an effort to include relevant and up-to-date information, this is a rapidly evolving space and we don't purport that this summary is conclusive or all-encompassing, nor does it constitute financial advice. In it, we will seek to address the following questions at a high level (click to jump to that section): What is bitcoin, and how does blockchain technology work? What are the primary use cases for bitcoin? Why has there been so much recent media buzz around bitcoin? How…
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