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Related Flashcards
Cards In This Set
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Changing The Mix of a portfolio that has been structured to meet specific financial goals:
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Strategic allocation
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Deductible passive losses on income tax returns limited partnership include:
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Interest payments on secured debt, intangible drilling costs, depletion allowances
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Tax benefits of real estate limited partnerships include:
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Real estate can be depreciate even if its market value is increasing, non re-course financing is included in the basis, interest on loans is fully deductible, long term cap gains from sale.
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Passive losses from a limited partnership can be offset by:
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Passive income
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The purchase of an emerging markets foriegn stock index fund will subject shareholders to all the following risk EXCEPT:
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Stock-specific risk
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The taxation of capital gains is:
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Long term: liquidated at profit for more than 1 year, for investors in max tax bracket any long term cap gains will be taxed at a lower rate than bracket.
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If congress lowers income tax rates:
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Municipal bond yields rise
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Naked Call:
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Max gain is premium recieved
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Short term cap gains, under 1 year:
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Taxed at max rate of 35%
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Long term cap gains held over 1 year:
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Taxed at max rate of 15%
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Life Insurance policy with No Cash Values:
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Term Life
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Investment Approach that searches for individual stocks likely to have exceptional performance, before considring economic conditions:
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Bottom Up
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American Style options:
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Excericised before the expiration date of the contract
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European Style options:
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Excerised on business day prior to expiration. contracts expire on sat following thrid friday of month!
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Assets of a corporation:
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Intangibles
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