The House Ways and Means Committee released draft tax reform legislation on Thursday. Titled “The Tax Cuts and Jobs Act”, H.R. 1, incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details. Budget legislation passed in October would allow for the tax reform bill to cut federal government revenue by up to $1.5 trillion over the next 10 years, and still be enacted under the Senate’s budget reconciliation rules, which would require only 51 votes in the Senate for passage. The Joint Committee on Taxation issued an estimate of the revenue effects of …Read More
Mutual funds and exchange traded funds are similar types of investment vehicles. Both allow investors to diversify their investment across a large number of securities, but their differences give exchange traded funds several important advantages.
A mutual fund is an investment fund that pools money from many different investors to purchase specific securities. Flows into and out of the fund are valued each day at the 4pm closing of the stock market. Mutual fund managers later decide what to purchase or sell within the fund.
An Exchange Traded Fund (ETF) is an investment fund that trades throughout the day like …Read More