(Bloomberg) -- The biggest US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the ...
-- The biggest US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live Pulse survey.Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46% of survey participants . But nearly a third said the tech behemoths are their first pick for the role.The response highlights the dominant role that companies like Nvidia Corp., Amazon.
Nvidia, for example, has surged more than six times since inflation first rose past 2% in March 2021. Even Apple Inc., which has seen peaks and valleys, has outperformed the broader market in that timeframe, gaining over 50% to the S&P 500’s roughly 30%. Still, like other growth stocks, tech companies are sensitive to changes in inflation and interest-rates, because their valuations hinge largely on future profits.
The yen has lost its haven status because of its depreciation against the dollar and due to Japan’s ultra-easy monetary policy, the survey showed. The yawning gap between interest rates in Japan and the US has sent the yen to the lowest levels since 1990 earlier this year.Gold is up almost 15% this year with the People’s Bank of China as one of the largest sources of demand.
I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I netted? – Thomas The answer is solidly "it depends," both in terms of whether The post AAA: I’m Selling My House and Netting $400k to ‘Pay Off My Retirement Home.’ Do I Have to Pay Capital Gains Tax? appeared first on SmartReads by SmartAsset.
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