Cryptocurrency
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Tax Tips for Cryptocurrency Investors
Trade in cryptocurrency assets can be highly profitable; however, investors must understand how the IRS treats these assets – including recognising taxable events and recording gains/losses. Taxable events for cryptocurrency transactions include selling it for fiat currency, trading one coin for another and using cryptocurrency to purchase goods or services. Furthermore, moving coins between wallets […]
Investment
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The Effects of Anchoring Bias on Investment Portfolio Performance
Anchoring bias refers to the tendency of over-relying on one piece of information when making decisions, and numerous academic studies have demonstrated how this practice can influence investors’ decision-making processes. To avoid anchoring bias, ensure your investments are researched extensively using objective sources and that all decisions come from rational places. Also be conscious of […]
