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The Moneyist: Our housekeeper does not work when we’re at home due to COVID-19. We still pay her. Could we treat those payments as a ‘gift’ to reduce her income tax?

Dear Moneyist, Due to the 2020 global pandemic my wife and I have been concerned about indoor exposure to others. We are fortunate enough that we can work from home so we are always here, and no one else is allowed in our home.

Because of this, we have tried to make arrangements to be out of the house when our housekeeper comes to clean. This isn’t always possible so over the year, we asked that she skip cleaning our house on the days when we were home. Understanding that times are tough, we have continued to send her payment …

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The Moneyist: ‘I am held hostage in my own home’: My husband’s son lives with us. He is physically abusive and menacing

Dear Moneyist, I am married, but my home is in my name only. When I bought it in 2010, I was the only one eligible to apply for a mortgage because my husband was working a temporary job, having been laid off in the recession.

My previous home, which I bought when I was single, had substantial equity in it. But I wasn’t able to sell it right away, due to needed repairs and no funds to get them done while my husband was working sporadically. I subsequently took a loan out of my retirement fund to pay for the …

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The Moneyist: My fiancé wants me off the deed and mortgage to our new home. If I don’t agree, he says we’ll stay engaged forever

Dear Moneyist, My fiancé — or should I say eternal fiancé because he never wants to get married — recently shocked me when he flatly stated that he wants me off the mortgage and deed to our newly purchased waterfront home. We have lived there for a year and pay 50/50 on everything. He didn’t want to debate or talk about buying me out, he was more insistent and will not budge.

This happened following a conversation I instigated and in which I suggested we see an attorney to have a will drawn up, in case one of us passes away. The …

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The Question Some Company Owners Don’t Want to Deal With

C. John Bongiovanni, who has been president of Bon Tools since he father, Carl, died of a heart attack in 2017, said he had also dealt with a lack of a succession plan. But what made the initial transition especially difficult, he said, was the lack of insurance, which would have given him some breathing room to sort through the company’s finances and tend to its 70-plus employees.“The toughest thing at first was to circle the wagons and figure out what was what,” he said. Key person insurance would have also relieved him of some of the pressure he …

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Oil Prices Rally as Cold Blast Hits Texas

Frigid temperatures across swaths of the U.S. injected new momentum into the rally in energy markets Monday, boosting demand for fuel and power while threatening oil-and-gas production in Texas.
Brent-crude futures, the benchmark in international energy markets, rose 1.4% to $63.30 a barrel, their highest level since January 2020. Futures for West Texas Intermediate, the main grade of U.S. crude, rose 1.1% to $60.13 a barrel and futures for natural gas at Henry Hub in Louisiana were up 4.3% at $3.04 per million British thermal units, according to FactSet.
The fresh leg in the energy market’s recovery from the coronavirus shock came as a …

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Universal Music IPO Has One Off-Beat Note

The world’s largest music company is finally going solo, although not in the usual venue.
On Saturday, Universal Music Group’s French owner Vivendi said that it will spin off its music business and list it in the Netherlands later this year. It had already broached the idea of taking the record label that works with Lady Gaga and Taylor Swift public in 2022. Strong investor appetite for music assets since the pandemic began might explain the accelerated timeline. The news sent Vivendi’s share price up one-fifth on Monday.
Once the spinoff is complete, the French company steered by …

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U.S. Stock Futures Edge Higher on Presidents Day Holiday

U.S. stock futures edged higher Monday, following the major indexes’ climb to close at record highs last week.
Futures tied to the S&P 500 rose 0.5%, signaling an extension of last week’s muted gains that sent the broad-market index to an all-time high Friday. Contracts linked to the Dow Jones Industrial Average advanced 0.6%. Markets in the U.S. are closed Monday for Presidents Day holiday.
Stocks have climbed this year as investors look ahead to additional stimulus spending and an economic recovery as vaccination programs are rolled out around the world. Democrats plan to proceed this week with work …

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Jeff Reeves’s Strength in Numbers: 5 reasons why 2021 just might be the year GM’s stock price stands up to Tesla

In 2009, General Motors recorded the largest industrial
bankruptcy in history with over $170 billion in liabilities. But it emerged
from Chapter 11 less than two months later and then quickly re-IPO’ed in 2010. Unfortunately, General Motors
GM,
+0.58%
returned to public markets just a few months after a little electric vehicle company named Tesla Inc.
TSLA,
+0.20%
listed its stock. And ever since, investors have largely written off the once-iconic automaker and piled into its more dynamic competitor instead.

Since Jan. 1, 2011, GM’s share price has only risen about
50% compared with more than 200% gains for the broader S&P 500 (GSPC) in
the same period. …

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MarketWatch Premium: If you’re expecting traditional value stocks to outperform growth stocks, you ‘are going to wait forever,’ this fund manager says

You may be seeing headlines describing a “rotation to value stocks” as technology stocks as a group are trading at all-time highs. But investors who are waiting for a recovery of performance for traditional value stocks against growth stocks “are going to wait forever,” said Thomas Cole, CEO of Chicago-based Distillate Capital and co-manager of the $237 million Distillate U.S. Fundamental Stability & Value ETF DSTL. Cole…

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Top Ten: Weekend reads: Buy GM and sell Tesla

Even before the announcement of its partnership with Microsoft Corp.
MSFT
to develop autonomous cars, shares of General Motors Co.
GM
had been soaring. Under the leadership of CEO Mary Barra, GM aims to compete in the new world of electric vehicles, with plans to have 30 fully electric models available by 2025. GM’s stock is up 34% so far in 2021, while shares of Tesla Inc.
TSLA
are up “only” 21%, following their incredible 743% run in 2020.

Jeff Reeves gives five reasons GM’s stock may be able to go toe-to-toe with Tesla’s shares during 2021. Read on: Tesla is not a safe stock …

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