Quoted from Kiplinger: The principal attraction of muni bonds, which are issued by state and local governments in the U.S., is that interest income is free from federal taxes – and for bonds issued in your state of residence, free from state and local taxes as well. Interest rates tend to follow movements in the …
Kiplinger – 37 Ways to Earn Up to 9% Yields on Your Money Read More »
Quoted from AARP: 2021 was a banner year for most financial assets. The S&P 500 stock index, a broad measure of the U.S. stock market and a core holding in many brokerage accounts and 401(k) plans, rose nearly 27 percent last year. Many individual stocks, such as COVID-19 vaccine maker Moderna (+143 percent) and automaker …
AARP – How to Calculate Capital Gains and Losses on Your Tax Return Read More »
Quoted from The Wall Street Journal: “The level of forgiveness has gone down,” said Daniel Genter, chief executive and chief investment officer at RNC Genter Capital Management. “When boards come to their shareholders to confess their sins, they’re just not going to be pardoned with one Hail Mary.” Meta, PayPal and Spotify entered 2022 at …
Quoted from the LA Business Journal: RNC Genter Capital Management oversees investment portfolios for high-net-worth individuals and families, banks, foundations, endowments and mutual funds. As of October, the company had $5.8 billion in assets under management and about 10,700 clients. Daniel Genter, president and chief executive of RNC Genter, is a frequent guest on CNBC’s …
LA Business Journal: Money Managers – Hard to Top Read More »
Our President & CEO, Daniel Genter, gives his opinion on the Federal Reserve interest tapering. Quoted from CNN Business: The market also seems to be growing confident that corporate taxes may not go up much —or even at all — anytime soon. That would be a gift to the Fed, too.Opposition to President Biden’s plan …
The stock market, despite recent volatility, is still only 2% below a historic high. First quarter earnings are virtually over and were much better than expected. With the economy off to a strong start in the second quarter, it will no doubt result in another very positive rate-of-growth for earnings in the June ending quarter. …
