Finding Truth In The Tea Leaves – Correlation vs Causation
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 12 April 2023
⏱️ 54 minutes
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Summary
This is another one of our well-known mindset episodes for how to think about investing. Kirk and Doug rip apart some commonly "known" principals of investing that you see everyday in the investing community.
If you didn't know any better you would think the investing community was a bunch of fortune telling gypsies. Maybe they are... It would explain all the tarot cards I found laying around in the CNBC greenroom.
Join us this week to hear us once again give you a peek behind the curtain.
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
Kelly Coughlin | Everyday CPA
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name is Kurt Chisholm. I'm joined with my good friend Doug Hey, Doug. |
| 0:18.0 | Hey, Kirk, how you doing? Happy Good Friday and Easter weekend, too. We also have our tax tip expert here of the week, Kelly Coglin, hey, Doug. Hey, Kirk, how you doing? Happy Good Friday and Easter weekend to you. |
| 0:21.3 | We also have our tax tip expert here of the week, Kelly Coglin, hey, Kelly. |
| 0:25.4 | Hey, how you doing? |
| 0:26.4 | Thanks for having me. |
| 0:27.3 | Doug, good to see you again. |
| 0:28.9 | We've got an extra, what is it, 11 days until tax season ends, until the deadline. |
| 0:34.1 | So what do we got here, Kelly? |
| 0:35.4 | What's the tip of the week? Well, I think the tip of the week is going to be, doesn't apply to a ton of people out there, but if it does |
| 0:43.4 | apply to you, lucky for you. It's dealing with restricted stock units and the taxation thereof. |
| 0:51.3 | There's some discussion. People say, why do I have to pay twice on my taxes it double tax and it isn't |
| 0:57.8 | true but to simplify it there are two ways it gets taxed one when it comes in it becomes vested that |
| 1:06.6 | becomes it's included in your w2 at that. You don't really have to worry about that. |
| 1:12.6 | Your employer will take care of that part of it. And as long as it sits there, if you don't |
| 1:18.3 | do anything, you're good to go. Nothing's going to happen. Then the next event occurs is when |
| 1:25.3 | you sell that RSU. I don't want to get into details on that, but try to go |
| 1:30.8 | long term on that. And it's two years from when it invests and one year from when you get it. |
| 1:35.5 | So go long term on that. And then when that comes through, normally that gets that transaction, |
| 1:43.9 | that sale transaction, gets executed |
| 1:47.5 | through the broker that is selected by the company to take care of their stock purchase |
... |
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