Description:Â Sell. Thatâ€™s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4 percent from 15 percent and the top rate on capital gains to 23.8 percent from 15 percent.
Date: Oct 19, 2012
Questions for Discussions:
- Explain the reasons for the motivation to sell now.
- How do you think this thinking might affect the markets as we approach the end of the year?
- What would you advise investors to do?