Wednesday Reading List
Walgreens earns a unwanted title as it’s booted from the Dow for Amazon. How it happened by CNBC
The Dow Jones and the S&P 500 indexes are actively managed. They have committees that meet regularly to decide on index changes. The Dow Jones criteria is “pretty fuzzy” according to Bob Pisani, but an excellent reputation, sustained growth, and price criteria since the index is price-weighted are factors. Walgreens is out and Amazon is in.
A wave of multifamily supply is coming this year. These housing markets will see the most by ResiClub
A significant amount of multifamily supply is coming online this year and next, according to this article. But it’s not evenly split across the country. Rents will soften and decline in the markets with the most supply coming on, but new supply will decelerate after next year.
10 Most-Overlooked Tax Deductions and Credits by Kiplinger
Run through this list before finalizing your taxes in April.
Regional Bank Boomerang by Dimensional Fund Advisors
I’ve been worried about what commercial real estate will do to regional banks and the credit marks and have shared some of those concerns through the blog. This piece provides some helpful perspective by pointing out that these banks represent a tiny portion of the stock market, that we haven’t seen spillover concerns into other areas of the market, and the concerns may already be priced in.
ICYMI: The Financial Literacy Hierarchy, Best Money Books, and How to Invest in Crypto
Sharing the highlights from our recent conversation with the Editor in Chief of Investopedia along with a link to the full episode
10 Ways to Put Annual Exclusion Gifts to Good Use by Heritage Financial
The annual gift tax exclusion allows individuals to give a certain dollar amount each year to someone else without triggering gift tax consequences. The annual gift tax exclusion in 2024 is $18,000 per person, meaning you could give up to that amount to as many people as you like, whether they are related to you or not. A married couple can double that figure, to transfer $36,000 to any number of recipients. Most people can transfer much more than the exclusion amount without paying a gift tax; but many prefer not to go above the exclusion because doing so requires additional tax filing.