Monthly Archives: July 2020

June/July’s Tax Newsletter

Posted on July 23, 2020 by Admin

Government Clarifies PPP Loan Forgiveness for the Self-Employed We now have both the new clarity and an easy road to Paycheck Protection Program (PPP) loan forgiveness for the self-employed with no employees. New Easy Road to 100 Percent Forgiveness Say thanks to the Paycheck Protection Program Flexibility Act of 2020. This new law creates a 24-week period for you to spend your PPP loan proceeds. If you obtained your loan proceeds before June 5, you can elect to use the … Continue reading

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The 60/40 Portfolio Is Dead!

Posted on July 9, 2020 by Admin

On Nov 19, 2019, Bank of America declared ‘the end of the 60-40 standard portfolio” (60% stocks and 40% fixed income/bonds). In a research note published by Bank of America Securities titled “The End of 60/40 portfolio” strategists Derek Harris and Jared Woodard argue that “there are good reasons to reconsider the role of bonds in your portfolio”. On July 2nd, JP Morgan joined the list of Wall Street banks calling for the demise of 60/40 portfolio despite its success … Continue reading

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