Good afternoon,
Here are three things I read this week that I thought you'd find interesting. I like to take in a range of perspectives each week – even if they might sometimes differ from my own. I hope you find some useful information heading into the weekend.
If any questions come to mind from these articles, never hesitate to call or email anytime at (618) 540-9599 or craig@tobermanwealth.com.
Volatility Is Rising. Here’s How to Protect Your Investment Portfolio.
I contributed to this Bloomberg article yesterday by discussing the differences between market-cap-weighted and equal-weighted index ETFs – especially during times of market volatility.
These 23-year-old Texans made $4 million last year mining bitcoin off flare gas from oil drilling
Here's a summary:
1 - Drilling for shale oil in Texas produces an excess natural gas that "flares" into the air uncaptured (not good for the environment, can be seen from outer space).
2 - Companies and entrepreneurs have developed a clean technique to capture the natural gas (byproduct) and immediately harness its energy to power Bitcoin mining rigs.
3 - These on-site Bitcoin mining rigs further secure the Bitcoin network (by running cryptographic proof-of-work algorithms) and, as a reward for providing this service to the network, produce valuable Bitcoin tokens for the owners of the mining rigs.
Ed Slott: Hold Off on Backdoor Roths, and More Tips for Tax Season in 2022
I found these tax planning tips helpful and timely this time of year. Keep an eye on the Build Back Better bill for tax caveats that might affect your planning tactics.
