Long term investing mindset and stock actions
The piece discusses staying invested for years to realize gains, citing S and P 500 returns through 2016 and longer horizons outperforming shorter spans. It notes 10 year averages around 6.95% versus a long run near 10% and advises patience to harness earnings and growth. It also mentions Alibaba’s bid to buy Intime Retail for about 2.6 billion dollars with a 53.6 percent premium.
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Standard & Poor
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IRS urged to shift focus from enforcement to taxpayer service
National Taxpayer Advocate Nina Olson urged the IRS to rebalance a budget that spends nearly half on audits and enforcement and under 6 percent on outreach. The annual report to Congress notes lengthy phone wait times and a need to make the tax system more service oriented while not excusing evasion. Koskinen backs a balanced approach, stressing taxpayer service alongside enforcement as tax reform looms.
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Nina Olson
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John Kosxinen
Koskinen
Owever
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