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What investors say went wrong at Selena Gomez's mental health startup Wondermind Business InsiderLawsuit Accuses Selena Gomez of Defrauding Investors in Mental Health Site The New York TimesSelena Gomez's Attorney Fires Back at Wondermind Lawsuit: "Completely Meritless" The Hollywood ReporterSelena Gomez and her mental health startup accused of fraud CNNSelen
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Betterment says more than half of Gen-Z investors redirected investment dollars toward sports betting. Research suggests betting is crowding out brokerage investing.
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Among the more popular indicators monitored by Wall Street's technical strategists, the "Hindenburg Omen" definitely has the coolest name — and is among the more controversial.
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The singer and actor vows to fight a $1.2 million lawsuit by Wondermind investors who claim she ‘falsely represented' her involvement in the wellness venture. Her lawyer calls the allegations ‘completely meritless.'
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The actor, singer and beauty mogul founded Wondermind, a mental health platform, with her mother. Investors put in more than $1 million in the venture, which "quietly collapsed," the suit said.
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Editor's note: This is part six of a seven-part series. It dives more deeply into the second strategy for defusing a retirement tax bomb, implementing asset location. If you missed the introductory article, you may find it helpful to start here.
Most investors have heard of asset allocation, but asset location is another story - and it could help investors with large tax-deferred savings reduce their tax bills in retirement.
SEE MORE When It Comes to Your RMDs, Be Very, Very Afraid!
Asset allocation refers to how a portfolio is allocated to various asset classes that have different historical investment returns and standard deviations. The simplest example is a stock-bond allocation, such as a 60% stock, 40% bond allocation, which is a common allocation for retirees. But there are dozens of more granular asset classes that can be managed as well, for example, U.S. large cap stocks or international small cap value stocks. Asset allocation is critical to effectively diversify your portfolio and reduce risk.
Asset location is different portfolio management strategy: one that few clients I meet have heard of. Few financial advisers implement it as well. Asset location seeks to minimize taxes by placing different asset classes in specific tax buckets (taxable, pre-tax, tax-free).
Putting Asset Location into Practice
In a nutshell, here's how asset location works:
Typically, you want to place investments with low expected returns, such as bonds, into tax-deferred accounts.Place investments with high expected returns, such as small value or emerging market st
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Cash isn't trash compared to stocks and bonds; Nikola went from the electric truck darling to facing a federal probe that it misled investors, million-dollar homes were flying off the shelves in the Newburyport, Mass.
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