: About Me

Work and help people get a healthier financial life,a kind of family man living next door,work,pay tax and enjoy things life brings,like caring goldfish and parakeets.

Email: calvinNg@companionAdviser.com

My passion is ...

God

I know too much about ...

Capitalism

My parents always told me ...

it's easier said than done.

My childhood ambition ...

printing money

My favorite memory ...

the day I got financial freedom.

Why I write ...

Why I speak ?

What I am reading/watching/listening to ...

financial,science/news,suspense movies/piano music

My first job ...

Waiter

My best moment ...

the moment I knew I servived after a shipwreck

My inspiration ...

God makes challenges then gives solutions.

Personal Finance > Investing Basics Ordinary income vs. capital gains

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In January next year some people may get stunned when they receive the tax report for their investment account which has exposure to the mortgage industry: portfolio shows a loss but tax must still be paid for realized interest income.The reason for that is because IRS treats incomes differently. The Internal Revenue Code classifies income into three kinds: Earned Income,Passive Income,and Portfolio Income of which profit from stock investing or trading belongs to Portfolio Income. Portfolio Income is divided into Investment Income and Capital Gain or commonly called ordinary income and ca...

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