Travel to Financial Success

2023 tax rates for a single taxpayer (federal income tax rates in the United States are the same for 2023 and 2024) Scenario: Your taxable income is $12,000, placing you in the 12% tax bracket. Options: You could contribute more to a retirement account, thereby reducing your taxable income to below $11,001. Alternatively, you could perform a Roth conversion, pushing your taxable income up to the upper limit of $44,725. Weighing Roth Conversion vs. Traditional Contribution Here's a breakdown of the pros and cons for each option considering the potential sunset of favorable tax rates in 2025 and the benefits of Roth IRAs: Option 1: Traditional Retirement Account Contribution Pros: Lower your tax bill for 2024: This will put more money in your pocket now. Tax-deferred growth: Your contributions and earnings grow tax-deferred within the account. Cons: Tax on withdrawal: When you withdraw the money in retirement, you'll pay income tax at your then-current tax rate. RMDs: After rea...

Newsquawk reported on March 1st, 2024 that Goldman Sachs removed AAPL from its Conviction List. Conviction Buy List of  Goldman Sachs  Goldman Sachs offers a curated list of 20-25 stocks they believe hold strong buying potential, known as the Conviction Buy List. These stocks are  updated monthly , reflecting changes in the market. Analysts continuously evaluate companies and add or remove them from the list based on their outlook. Beyond Just Buys: A Balanced Approach Goldman Sachs also creates a Conviction Sell List to highlight stocks they believe may underperform the market. This balanced approach allows investors to consider both buying opportunities and potential risks. Diversification Across Industries The Conviction Buy List spans various sectors, giving investors exposure to a range of industries. From technology and healthcare to finance, consumer goods, and more, the list offers a diverse selection of potential investments. Conviction List as of 02/01/2024 Th...

Standard VWAP vs Anchored VWAP Anchored VWAP in TradingView Explained Anchored VWAP (Volume Weighted Average Price) is a technical analysis tool available in TradingView for stocks and other financial instruments. It's a variation of the standard VWAP that offers more flexibility for analysis. The formula for Anchored VWAP is: Anchored VWAP Formula = Σ(Price x Volume) / ΣVolume  Understanding Supply and Demand with the AVWAP: The AVWAP helps traders understand supply and demand , key factors influencing market prices. It considers volume, price, and time to create a line that moves up with high demand and down with high supply . This is especially useful for swing traders and long-term traders ( not day traders ) who focus on these broader trends.  Read [1] for more details.  Anchored VWAP full walkthrough – what is AVWAP? (YouTube link ) Key Facts Benefits of Anchored VWAP: Targeted Analysis: You can analyze the VWAP based on a specific event or period, like a br...