They also want to increase the capital gains tax. That would be all the beautiful dollars people make after they sell the stocks and get the cash.
By the way, all the money that you used to purchase the stocks in the first place was already taxed as part of your income tax. These people are crooks.
I would sarcastically say, "thank the liberal retards that voted these people in," but no one actually voted for these cheating, lying fucks.
If they do this I move my retirement investments.
To what? A mason jar buried in the backyard?
When you hear the word "diversify", do you only hear "the stock market"? There are money market accounts (I'm looking at a credit union, not a big banks), physical assets that hold and increase in value... Talk to an accountant, I am! What you should be gaining from this is that the "rules" are broken here, if you get too far ahead playing by them you will be cut down to size by a bigger fish.
Unless new investment unions crop up that function like the reddit group on smaller everyday things... Now THAT is interesting until it gets infiltrated by leeches.
If none of that is appealing to you, make your financial advisor justify your faith in him. Why didn't you hear from him at this volatile time? What is he doing to protect your investments from more powerful wall street pirates? Have others seen a better rate of return over the last five years?
I'm not a financial advisor, just seeing the writing on the wall.
Good point! Thanks.