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Do As I Say, Not As I Do: On My Failings As An Investor

If a knowledgeable observer trained his or her sights on my choices, what are the trouble spots they would identify? Here are some of the biggies. I HOLD TOO MUCH EMPLOYER STOCK I understand the tax implications of this, so I might as well sell each lot of restricted stock units as soon as it vests because there’s no tax benefit to hanging on longer. And it’s not like I think I possess some inside knowledge that the shares are likely to outperform the broad market. Instead, the key culprit here is inertia. There’s a little bit of tax dread mixed in, too, as selling them would ...

US Home Sales Fade, Prices Hit All-Time High

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and the national median sales price rose to an all-time high of $435,300. Existing home sales fell 2.7% last month from May to a seasonally ...

‘Confusion And Uncertainty’

WASHINGTON (AP) — Democrats and Republicans don’t agree on much, but they share a conviction that the government should help American manufacturers, one way or another. Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers. Republican ...

Do As I Say, Not As I Do: On My Failings As An Investor

If a knowledgeable observer trained his or her sights on my choices, what are the trouble spots they would identify? Here are some of the biggies. I HOLD TOO MUCH EMPLOYER STOCK I understand the tax implications of this, so I might as well sell each lot of restricted stock units as soon as it vests because there’s no tax benefit to hanging on longer. And it’s not like I think I possess some inside knowledge that the shares are likely to outperform the broad market. Instead, the key culprit here is inertia. There’s a little bit of tax dread mixed in, too, as selling them would ...

Walgreens Shareholders Approve $10 billion Private Equity Buyout

The Associated Press Shareholders of Walgreens Boots Alliance overwhelmingly approved the drugstore chain’s $10 billion acquisition by private equity firm Sycamore. It is a rough era for national pharmacy chains like Walgreens, CVS, and Rite-Aid, closing hundreds of stores due to changing consumer behavior, declining pharmacy reimbursements and rising costs. Walgreens will close more than 1,000 stores through 2027 and Rite-Aid filed for bankruptcy protection in May, it’s second trip to bankruptcy court in as many years. Walgreens shareholders will receive $11.45 per share from ...