Tax rates on dividends are going up in 2013 as part of the expiring Bush tax cuts. This isn’t news to anyone because of the media’s attention to the fiscal cliff.
There are a lot of acronyms that people who want to manage your investments have after their names. Making sense of this can be confusing for even veteran like myself. At least once a month I get an email with some new 3 or 4 letter acronym that has me saying “Wow, that’s a new one”.
Stocks brushed off a sluggish second quarter to move ahead over the past three months. Markets were helped when the Federal Reserve (Fed) announced their newest round of monetary policy dubbed “QE 3”. In the third quarter, the S&P 500 added 6.35% while the NASDAQ popped 6.53%.