Hi Trader,
I grew up in a family trapped in debt.
Both my parents busted their asses to cover the bills and make some headway, but it was tough.
So I'm careful around debt. I make extra sure not to spend a penny more than necessary on credit cards or when taking out loans.
I know my past situation isn't unique.
Plenty of people carry mountains of debt — especially after 2020.
But some debts can offer tax benefits. Your home mortgage and business loans, for example, usually let you write off interest on your return.
At some point, you'll be debt-free, though.
You'll finally make that last student loan payment, finish off that mortgage, and if you're a business owner, cut down your debts to keep more profits for yourself.
Unfortunately, the taxman starts asking for more from you at that point.
You no longer have mortgage interest, business debt, student loans, or other stuff that can cut you a tax break.
When you account for the larger income you'll likely be earning at this point, your tax bill could jump an insane amount.
Why do I bring this up?
Your financial priorities shift at this point in life.
With no debts and all the money you could dream of, you've got to minimize what you owe Uncle Sam.
This is why I like futures trading.
Thanks to a nifty little piece of tax code called Section 1256, futures trades usually qualify for partial long-term capital gains tax rates…
Regardless of when you sell the contract.
Basically, the IRS taxes 60% of your proceeds at the lower long-term capital gains rate — even if you buy and sell the contract within a day (the highest capital gains rate is 15% compared to 37% on ordinary income, for reference).
So if you're looking for another income stream, I'd urge you to try futures trading (only with money you can afford to lose).
And if you'd like to make that income stream near-passive, then consider Big Energy Profits.
I'll show you the exact types of long-term trades that earned me $432,600 net profits last year so you can get in on those future opportunities.
Plus, I've got plenty of daily and weekly trade ideas on tap if you prefer quicker potential wins.
Watch this training video to hear me explain in more detail how my strategy and BEP works.
To your trading success,
| | | | Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits | | | | team1@hawkeyetraders.com
bigenergyprofits.com
Call us: (888) 233-8598
| | | | DISCLAIMER: * Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results. CFTC Regulation 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. We'll always treat your personal information with the utmost care and will never sell it to third parties. You can find out more about what data we hold about you, why we need it, and how we keep that information safe in our Privacy Policy. | | | | |
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