“Buy the dip,” but beware of tax pitfalls
Bespoke Investment Group reported as of the end of September, “the Fed’s crusade against inflation resulted in a record destruction of wealth in dollar terms and an extremely large drawdown in percentage terms.” The “bear market” erased almost $13 trillion in market value from stocks. Supposedly “safe,” investment-grade bonds shed almost $3 trillion, a record in both dollars and percentage. Cumulatively, the total drawdown in market value of the stock and bond markets came in just shy of $16 trillion or just over 20%.
Planning for lifetime tax minimization has benefits
There are many aspects to financial planning. Every individual has different goals and objectives. One universal goal is to “pay as little tax as possible under the law.”
Lilly commits $92.5M to Purdue for drug research, scholarships
INDIANAPOLIS — In a significant expansion of their longstanding collaboration, Eli Lilly and Co. plans to give Purdue University $92.5 million for research on drug development and for undergraduate scholarships for pharmaceutical manufacturing.
Shelbyville farmer invests in historic building
SHELBYVILLE — Jason Foltz, a lifelong Shelby County farmer, never exactly saw himself as an architectural preservationist or the owner of a historic downtown building.
Cannabis products coming to Circle K gas stations in U.S. next year
Weed is coming to U.S. gas stations.
Thrive Alliance adds manager
Thrive Alliance recently appointed Jon Zeh to the position of assistant housing development manager. The assistant housing development manager seeks out and researches potential housing development opportunities.
Toyota introduces updated forklift
Toyota Material Handling (TMH), a manufacturer of forklifts and warehousing solutions, has launched an updated version of Toyota 3-Wheel Electric Forklift. The update adds new features and technology to the top-selling forklift in the segment.
New CEO says Newfields has a role to play in cultural renaissance
INDIANAPOLIS — Colette Pierce Burnette sees her hiring as the new president and CEO of Newfields as an example of the difference between equality and the more modern progress toward equity, or the practice of providing fair access and opportunities.
Mickey Kim: Market, economic storms are inevitable — so are bold, unreliable forecasts
The financial markets and economy have been hit by their own metaphorical Hurricane Ian in 2022. Stocks are firmly in “bear market” territory (down more than 20%).
Georg Utz opens expanded warehouse in Edinburgh
EDINBURGH — Georg Utz, Inc., a family-owned Swiss company, recently held a ribbon-cutting ceremony to celebrate the grand opening of a new warehouse expansion in Edinburgh.
