04/18/2022: Weekly Briefing
1) Are you interested in buying crypto but don’t know where to start? Over the next 4 weeks, I’m offering some time to help set you up.
I’ll walk you through how create a wallet, how to buy crypto, and talk through how much and which coins to invest in.
Email me at walletstreetpodcast@gmail.com to coordinate a time.
2) Tax day is today. I hope by now you’ve either filed or requested an extension… (and if you haven’t, stop reading this newsletter and go do that.) I filed last week and discovered that I owed a lot more federal taxes than I usually do. Like a LOT more. I hadn’t changed anything in my W4 (which is where I put my withholding), so I asked both my employer and TurboTax what was going on. I’ve never had this issue in the past and in fact, usuallly get a refund.
Turns out, in 2020 the IRS changed the withholding tables so the standard amount being withheld changed. I’m not sure why this affected me so much this past year. (Maybe because I changed jobs...?) In any case, just passing this tidbit along in case anyone had the same question.
Bitcoin trading volumes down significantly since last year (Bloomberg)
What to watch out or vis a vis inflation and investments. (The article’s headline is targeted towards retireees, but I think these are actually great points for everyone.) (WSJ)
IRS to require companies to report on 1099-K if individuals make more than $600 on their platform. To compare, previously the threshold was $20,000 or 200 transactions. Big change! (WSJ)
Twitter enacts poison pill to ward off Elon Musk’s bid to takeover the company (Bloomberg)
NYC requires companies to post salary ranges on job postings (WSJ)
Electric vehicle valuations (Visual Capitalist)
Etc.
The power stylists that dress all the celebrities in Hollywood
Earth Day 2022 is on Friday 4/22
Podcast Pick of the Week
🎧Molly Shannon has a new book and talks to Fresh Air about her childhood
Disclaimer: All opinions are my own. The content on this site and on the podcast does not constitute financial, legal, accounting, tax, or investment advice.
