Jim Wang

How to Win at Gambling

To win at gambling you have to first understand your objective. If you are just there to have fun you'll want to maximize the enjoyment even if the math doesn't support it. If you are there to win, look for inefficiencies in the system and and edge.

What Is the Stepped-Up Basis Loophole?

The step-up basis loophole says that when assets are inherited the heir receives the asset at market value. If they sell the asset they will only pay capital gains on any growth that took place after they took ownership.

Is Robinhood Safe?

Robinhood receives its fair share of negative news headlines from platform outages to making high-risk trading too accessible to inexperienced investors.
But Robinhood is regulated and complies with all security and investing standards. But critics feel it makes it too easy for beginners to make investing mistakes.

How Do Business Development Companies Work?

Business development companies are a Regulated Investment Company (similar to REITs) that must pay out 90% of net income. They offer high dividend yields (mostly ordinary) and can be a powerful cash flow investment.

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