🎁 you can harvest investment GAINS too

Published over 1 year ago • 1 min read

Good morning Reader,

As I write this, Bitcoin is at $87,923, up almost 44% in six months.

Yet I still own almost no bitcoin. (I have a smidge on Coinbase from who knows where)

I'm not anti-bitcoin. I think it's cool technology albeit a tragic consumer of natural resources. I'm just anti-speculation. I also don't like how rabid bitcoin fans identify so strongly with their investments.

I don't need it in my life and so I haven't devoted the time and attention to learn it enough.

For those bitcoin aficionados, kudos to you! I've missed more bull runs than I've participated in and I'm OK with that. 😂

(View this email as a webpage)

🧑‍🌾 You can harvest capital gains

Everyone talks about harvesting capital losses but after the market went up up up this year, you may be sitting on some capital gains you'd like to realize.

If you are in a lower tax bracket (perhaps the 0% one), you could employ what's known as capital gains harvesting too.

👉 What is capital gains harvesting?

🚀 Can Rocket Money Help Your Budget?

When Mint closed down earlier this year, a lot of budgeting tools scrambled to fill the void.

One of them, Rocket Money, looked to fit a specific role in your toolkit - to help you manage, negotiate, and cancel subscriptions.

They offer a lot more than that but the big difference between them and other budgeting tools is their subscription management services.

We did a comprehensive review:

👉 Is Rocket Money Right For You?

🗺️ Why Economists Hate Tariffs

Tariffs have been in the news a lot because Trump wants to bring them back. Most people do not understand how tariffs work (the company importing the goods pays the tariffs, not the producer) and fewer understand the downstream effects (even the positive ones).

This 8-minute Wall Street Journal video does a great job explaining it, with real-life examples from Trump's first term:

👉 Why Economists Hate Donald Trump's Tariff Plan

What did you think of today's email?
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite

Take care!

Jim

PS. Did you know that the S&P 500 has hit 50 all-time highs in 2024? It broke 5,000 in February and then 6,000 this month. Incredible! Stay invested folks!

(see our archive of previous emails)

You signed up for this newsletter via wallethacks.com

We respect you and your attention. If you no longer wish to get emails from us, you can unsubscribe and we will still be friends.

If you like sending gifts, we like getting them here - P.O Box 323, Fulton, MD 20759

Read more from Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

🗺️ travel is fun but chaotic

Good morning Reader! The news out of Mexico is scary and goes to show that things like that can happen out of seemingly nowhere. Granted, I don't follow the news in the region, certainly not cartel related, but it went from zero to 10 in an instant. I felt the same when we were flying back from the Dominican Republic over New Years. One day we're celebrating 2026, the next day we're watching the United States go insto Venezuela and seize Maduro. Flights out of Puerto Rico were stopped. We...

3 days ago • 2 min read

🤖 something big is happening

Good morning Reader! There's a very interesting article on AI written by Matt Schumer called "Something Big Is Happening." As someone with kids, one of which is in high school and trying to figure out the world and where he fits in, this is an especially difficult time. If you thought it was hard to pick a major, now try to pick one that AI won't take over in a few short years. The article really makes you think and I personally agree with the thought that "nothing that can be done on a...

10 days ago • 2 min read

🏠 AI is contesting my property taxes

Good day Reader! You may start hearing the term K-shaped economy and wondering what it means. Companies that span the economic spectrum, like hotels and airlines, are seeing this in their business. (Marriott CEO just said this) It means that the economy is split in two groups and higher income households are doing better while lower income households are doing worse. It's the phrase "the rich get richer." Wealth inequality, measured by the Gini index, reported by the World Bank for FRED...

17 days ago • 2 min read