Make good use of tax-advantaged accounts
Prudent investors recognize the importance of using tax-advantaged accounts to save on taxes. Experts suggest that if you foresee your income in retirement will be higher than what it is at present, it would be a fantastic idea if you contribute to a Roth IRA or Roth 401(k). Doing so will allow you to pay your taxes upfront and withdraw money tax-free at a later date. On the other hand, if you anticipate your income to reduce in retirement, a contribution to a traditional IRA or 401(k) would be more useful. Here you will not pay taxes on contributions, but pay them on withdrawals during retirement.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.