WTF are Capital Gains?! (And Three Ways to Master Them)

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 11 May 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Let’s be real – when someone says “cap gains” we’re all just smiling and nodding. But not for long! Today, Nicole breaks down WTF are capital gains…. and how to make them your best friend. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.0	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.0	That's a good thing.
0:10.0	And should I have a 401k because then I can do it? No, I know.
0:15.0	I think the whole world will roll around you on your money.
0:19.0	Charge for wasting our time.
0:24.0	I will take a chat.
0:25.0	I don't want to talk to you.
0:27.0	You recognize her for ranked ring on CNN, CNBC, and Bloomberg.
0:31.0	The only financial expert you don't need a dictionary to understand.
0:36.0	The cold lap in.
0:37.0	In my episode on GameStop, remember we talked to a redditor who made almost two million bucks
0:43.0	during the clusterfuck that was GameStop.
0:46.0	Did you catch him mention though how much he was paying in taxes?
0:50.0	Did you notice it had something to do with capital gains?
0:53.0	And now you're thinking WTF are capital gains.
0:57.0	Lucy was. Here's her question.
1:00.0	Hey Nicole, I've been thinking about investing in the market and I'm really excited,
1:06.0	but I don't have any experience investing and I'm a little overwhelmed by all the language.
1:10.0	One thing I keep hearing is that I need to be mindful of capital gains.
1:13.0	Can you explain what that is?
1:15.0	So Lucy, I don't need to tell you that taxes are a big fucking deal.
	...

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