Being a Day Trader is neither illegal nor unethical, but it can be highly risky. Most individual investors do not have the wealth, time, or temperament to make money. Nor can many investors sustain the losses that day trading can bring. Day trading in securities is governed by the Securities and Exchange Commission (SEC) Regulation …
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Are You Keeping Track of Your Investment Basis?
Are you keeping track of your investment basis? If you’re not, here’s a few reasons why you may reconsider tracking your basis. In taxes, there is a saying: “Those who keep records win.” If you are an investor, you may own real property or have a variety of securities. These securities could include stocks, bonds, …
How To Write Off Worthless Stock
If you are like most investors, eventually you will pick a loser stock that goes down in value. Sometimes, a security can even become worthless when the issuing company goes out of business. Gains and losses for securities, including stock, stock rights, bonds, debentures, and similar debt instruments, are not recognized for tax purposes until …
