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Wealth Management

Will there be a new wealth tax under Biden?

Will there be a new wealth tax under Biden?

An article by the Wall Street Journal from March 14 reports that Treasury Secretary Janet Yellen said “the Biden administration hasn’t decided whether to pursue a wealth tax, but will likely issue proposals to address the swelling federal budget deficit.” Levying a...

What is ESG Investing

What is ESG Investing

Daniel Mannix, CFA® and Ray Ferrara, CFP® hosted a complimentary webinar to explain ESG investing and how ProVise is addressing this emerging and important trend. 

What is a short squeeze and will there be another big one soon?

What is a short squeeze and will there be another big one soon?

The recent GameStop short squeeze situation has whipped up a frenzy of would-be investors looking to cash in on what appeared to have been a good move. As of March 8, 2021, GameStop (GME) closed at 193.720, meaning lots of investors who have been holding since much...

What is up with Reddit r/wallstreetbets?

What is up with Reddit r/wallstreetbets?

If you have spent any time online recently, you have probably heard something about Reddit r/wallstreetbets. Somehow, at the time of this writing, GameStop’s stock has soared in a remarkably short period of time. Meanwhile, hedge fund investors have lost roughly $5...

What is the difference between trading vs. investing?

What is the difference between trading vs. investing?

People who want to grow their wealth while saving for a future goal should consider investing. For many people, investing takes place in the form of contributing to a savings or retirement account. However, you can also invest into money market funds, exchange-traded...