W-8 form dodges most of this stuff (or reduces its rate considerably). I forgot about mine last financial year and only realised after I got nailed 30% on an NRGU play.Warning for non US residents: 10% with-holding tax on sales of BOIL.
I'm not trading BOIL and other nat gas ETFs at all due to this tax treatment.
Ooft.
My interpretation is the Fed has just told everyone they've one last chance to sell before being smashed.Cash still the overwhelming best place to be. Famous last words but it seems very hard to see how SOXL/FNGU/TQQQ are going to keep rising from here. The fed's all but promised to crush them at this point. They've basically gone on record as saying that they are going to keep pumping rates until they bite, i.e the more rises the economy can take the more they will give them. In other words, they are not going to give in on this.
I'll be surprised if the stock market isn't one of those things.Something's got to break and then they'll rapidly cut
My interpretation is the Fed has just told everyone they've one last chance to sell before being smashed.
I could be wrong but that's my interpretation of it. Because:
I'll be surprised if the stock market isn't one of those things.
Says more about the financial and economic accumen of the general public than anything else.Well from a Govt friendly media, an interesting article on a recent poll, which I tend to take with a grain of salt.
But it can sometimes point toward a narrative.
From the article:RBA boss should lose job after interest rate hikes, but Australians expect more to come: survey
The nation’s economic slowdown has slashed voter confidence in their personal fortunes amid an escalating political row over who is to blame for high inflation.www.smh.com.au
Australians are bracing for another interest rate hike and are holding the federal government responsible for the hit to their households, while 52 per cent believe Reserve Bank governor Phil Lowe should lose his job.
The nation’s economic slowdown has slashed voter confidence in their personal fortunes, with 64 per cent expecting their wages to fall in real terms, amid an escalating political row over who is to blame for high inflation.
An exclusive survey shows that 33 per cent of voters believe the Reserve Bank has the greatest responsibility for keeping inflation down, but that 44 per cent think it is primarily the task of the federal government.
I'm heavy in growth. But the bulk of the play is done.SOXL and BOIL but I'm doubting how much SOXL has left in it by the day.
This whole "recession means rate dumps means growth plays pump" rally has been absolutely ridiculous tbh.
Most likely this.Ooft.
Won't happen though. Something's got to break and then they'll rapidly cut
Ooft.
Won't happen though. Something's got to break and then they'll rapidly cut
When it breaks, which it will IMO, I don't think there will be a rapid cut at all.Most likely this.
The Fed knows its easier to break and fix. Rather than let inflation run away and then try and fix.
The really good thing is that the majority of the new jobs are full times jobs, not just part time jobs for people topping to pay their increased mortgage.Well another 76,000 new jobs have been added, or another 76,000 people have decided to go to work, I wonder which? ?
I guess it depends how you say it.
From the article:Economists tip more rate hikes as jobs numbers smash expectations
Unemployment surprisingly falls back to 3.6 per cent, as an estimated 75,900 jobs are added to the economy.www.abc.net.au
Official jobs data from the Australian Bureau of Statistics (ABS) estimates that nearly 76,000 jobs were added to the economy last month, sending unemployment down to 3.6 per cent.
The strong figures came as a shock to economists, who were typically expecting 15,000 jobs to be added last month and the unemployment rate to remain steady at 3.7 per cent.
The proportion of Australians aged 15 and over either in work or looking for it — known as the participation rate — also increased to a record high of 66.9 per cent.
The participation rate rose 0.2 percentage points for women, to 62.7 per cent, and remained at 71.2 per cent for men.
"A greater share of women in Australia are employed than ever before, with their employment to population ratio and participation rate both at record highs in May," Bjorn Jarvis from the ABS said.
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