10.31.22 Netflix & Streaming Update / Investing: Upside of the Downside

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 31 October 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clark discusses changes from Netflix, the overall morphing of streaming services across providers and how to protect your wallet with the changes underway. Also, time for year end tax considerations. Those with non-retirement investment accounts should know about tax loss harvesting to save on taxes. When you sell a winner, you pay capital gains tax. You can also harvest losses. Clark explains. Netflix & Streaming Update: Segment 1 Ask Clark: Segment 2 Tax Loss Harvesting: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Netflix to Charge $6.99 a Month for New Ad-Supported Tier - The Wall Street Journal. [The Washington Post] Netflix is poised to crack down on account sharing. What happens now? You Hated Your Cable Package. Your Streaming Services Are Bringing It Back. - The WSJ Clark.com - Streaming TV The Michigan State Numismatic Society 6 of the Best Budgeting Apps in 2022 Best Way to Exit Your Timeshare: Never Buy One in the First Place How Tax-Loss Harvesting Works for Average Investors Year-End Financial Checklist: Prepare Now, and You’ll Have Time to Adjust 10 Year-End Strategies To Cut Your Tax Bill The worst insurance in the world Why You Don't Need Mortgage Life Insurance - Investopedia Why you have to check your bank statements daily The Best Places To Buy Tires Do you think Tire Tread Life Warranties are a come on & just marketing? Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	To my pleasure to welcome you to the Clark Howard Show, our mission is to serve you and empower
0:10.0	you to make better financial decisions in your life.
0:14.3	Hopefully one of those decisions is to subscribe to our free newsletters at Clark.com and
0:21.8	ClarkDeals.com.
0:23.6	You can see details if you go to Clark.com slash newsletters.
0:28.5	In speaking of subscriptions, Netflix is having an awkward adolescence, although they just
0:36.1	reported nice additions to their subscriber numbers after back to back quarters of declines.
0:44.1	So they have now launched their ad-supported service or announced the launch of their
0:51.0	ad-supported service.
0:52.0	I want to talk about that and what's going on with the morphing of streaming services
0:58.1	across the waterfront and how you protect your wallet with the changes that are underway.
1:05.5	And also two months left in the year, I want to know if you're an investor, I want you
1:11.9	to know that you should know about tax loss harvesting.
1:16.9	It's the upside of the downside of what's happened with the stock market this year.
1:21.4	I want to tell you how it plays and how it could potentially save you a substantial
1:27.2	amount on your taxes.
1:30.1	So Netflix proves, never say never, because the Netflix CEO said they would never, never,
1:39.6	never, ever, kind of something like I would say, offer an ad-supported subscription service.
1:48.7	Never ended now.
1:52.1	So Netflix has been losing market share.
1:57.5	Netflix was really the creator of the whole idea of streaming subscriptions.
2:04.2	Everybody else was trying to sell you pay per view.
	...

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