President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
While Jim Cramer prepares for a new year, he's dusting off some of his old investment rules and sprucing them up to evolve with the ever-changing stock market.
Back in 2000, Cramer looked at the volume of trading and saw that most people had abandoned the market at the bottom, when it was too late. Many investors never came back from that.
If they had followed the simple strategy of taking gains, paying taxes, and then coming back at a more opportune time, perhaps they would have been able to survive the bottom.
It's a frequent conundrum that investors come across all the time. Should you cash out on your red hot stock and pay short-term capital gains tax, or take a chance and wait out the year to be eligible for long-term capital gains tax?
The difference is significant. It could be a difference of an ordinary income tax rate, which can be as much as 39.6 percent, or a long-term capital gains rate, 15 percent for most people.
"I say never consider taxes as a reason to hold a stock if the stock has gone up too fast and can head back down hard, as was the case in 2000, especially when the insiders were bailing out hand over fist," the "Mad Money" host said.
Active money management means revisiting a thesis for holding the stock on a regular basis. If for some reason that thesis is thrown out the window, then Cramer thinks it is better to sell the position than try to beat the big tax man.
Think about it — what if you held those hot biotechs and cloud based software stocks that were so popular at the end of 2013? If you held them for nine months of the year, and decided that the gains were so huge you would hang on to them for another couple of months and clear up your tax bill, the gains would have been crushed.
Even worse, depending on the stock, you could have lost your gains all together!
Nobody likes paying taxes, Cramer understands that. "But whether you like it or not the government is going to take its cut. That's just how it works," he said.
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And trying to game the government can cost you much more than its worth.
Therefore, Cramer follows this simple rule: Don't let tax considerations drive your investment decisions. If you do, it's a great way to visit poor house.