Jim Wang

What Is the Stepped-Up Basis Loophole?

The step-up basis loophole says that when assets are inherited the heir receives the asset at market value. If they sell the asset they will only pay capital gains on any growth that took place after they took ownership.

Is Robinhood Safe?

Robinhood receives its fair share of negative news headlines from platform outages to making high-risk trading too accessible to inexperienced investors.
But Robinhood is regulated and complies with all security and investing standards. But critics feel it makes it too easy for beginners to make investing mistakes.

How Do Business Development Companies Work?

Business development companies are a Regulated Investment Company (similar to REITs) that must pay out 90% of net income. They offer high dividend yields (mostly ordinary) and can be a powerful cash flow investment.

How Many Credit Cards Should I Have?

Depending on who you ask, the number of credit cards you should have will range from none to as many as possible. For me, I have a two card strategy... here's why.

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