Bad for Your Wealth
11 European countries, including heavyweights Germany and France, recently signed on to the idea of a financial transaction tax. The European Union introduced the new bill through their "enhanced co-operation" procedure, which would allow nine or more member states to move ahead with it, even if agreement isn't achieved among all 27 nations.
The levy would constitute a 0.1% rate on stock trades, mutual funds, CD's and most other standard risk instruments -- while options, futures and other highly speculative vehicles would be taxed at 0.01% of their notional values. The fees would be imposed on trades in, and out, of tax sheltered accounts....350 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
