The New Capital Journal
Financial news, views, advice, and guidance.
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“Build Back Better” Tax Changes Look To Be Muted
The investing world was abuzz with potential changes to taxes laid out in President Biden’s multi-trillion-dollar spending plan. Here’s a quick summary of where the latest proposals stand.
Bigger Gifts to Charities, Bigger Tax Deductions in 2021
Charitable giving feels good. So does reducing your tax bill. The CARES Act provides an opportunity to do more of both in 2021.
Are All Global Central Banks on the Move?
While monetary policy normalization is beginning, it will unfold gradually over time, with rates moving from low levels. This is unlikely to pose a threat to global reflation, supporting global equities.
Market Perspectives: December 2021
Vanguard December market perspectives offers global economic and security returns forecasts.
Missing the Market’s Best Days
The impact of missing just a few of the market’s best days can be profound, as shown by this animated look at a hypothetical investment in the stocks that make up the S&P 500 Index.
Why Are Rates Moving, Just Not Higher?
We still expect long nominal rates to gradually move higher in the months ahead driven by real yields realigning with above-trend real economic activity.
Year-End Tax Planning During Uncertain Times
Tax laws are in flux, but investors can take these steps now.
Back to basics: Understanding ETFs
A deep dive into what ETFs are and how they’re constructed & traded, across the many types of ETFs that exist today.
The Great Disappointment of Active Share
The active-share score excels at description; it neatly distinguishes between funds that hug their benchmarks and those that do not. Beyond that, one should not ask.
Tax-Savvy Choices for Equity Investors
When you’re building portfolios and evaluating performance, it’s easy to think in terms of pre-tax returns. But in reality, it’s the after-tax returns that matter for taxable investors.
Market Perspectives October 2021
Vanguard October Market Perspectives offers global economic and security returns forecasts.
Inflation Beyond the Current Spike
With accommodative monetary and fiscal policies expected to remain in place for some time, could inflation at rates we've seen in 2021 persist in 2022 and beyond?
Is Inflation Still Transitory?
While higher inflation and a recent slowdown in economic growth have stoked stagflation fears amongst investors, we continue to expect inflation to tame in the coming months.
All-Time-High Anxiety
Financial journalists periodically stoke investors’ record-high anxiety by suggesting the laws of physics apply to financial markets—that what goes up must come down.
Could You Be A Target For Cybercrime?
Understanding the potential threats can help keep your online accounts safe.
Why Market Forecasts Matter To Long-Term Investors
Tuning out the noise remains important, but so does occasionally reassessing investment strategies to ensure that they rest upon reasonable expectations.
The Tesla 'Bubble Or Not' Debate
Few investments in recent years have generated as much debate as Tesla.
Why We Stay Pro-risk
The path for further gains in risk assets looks to have narrowed after a long run higher, but BlackRock reaffirms its tactical pro-risk stance.
Webinar: Opportunities to Transform Education in a Post-COVID World
Register to attend this exclusive discussion with Sal Khan, co-founder, Khan Academy; Wendy Kopp, co-founder and CEO, Teach for All/Teach for America; and Geoffrey Canada, president, Harlem Children’s Zone; focused on our education system in a post-COVID world.
Key Questions for Long-Term Investors
Whether you’ve been investing for decades or are just getting started, at some point on your investment journey you’ll likely ask yourself some of these questions.