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This Says Our Favorite Biotech Is Off to the Races

Shares of a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Its shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. These shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)

  • Featured Story

    How to Prepare for the 17% "Supertax"

    “You never let a serious crisis go to waste… It’s an opportunity to do things you could not do before.” –Rahm Emanuel The once unthinkable is quickly becoming probable. At some point in the next few years, your assets could well become the target of a “Supertax” as high as 17%. Last week, we talked about the need to buy “out of print” assets to protect our wealth from brazen government seizures. I explained that quantitative easing (QE) was likely to get bigger, not smaller, and that you needed to become your own central bank. The truth is, the writing’s already on the wall. We’ve seen it happen. Cyprus’s “bail-in” cost numerous bank depositors more than 47% of their capital. Poland’s “pension reform” saw private pensions raided to help lower the government’s debt-to-GDP ratio. And Spain plundered its Social Security Reserve Fund to keep buying its own risky debt, when no one else would. Dangerous precedents are being set, with chilling regularity. More than ever, you need to be prepared…
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  • 2013 Taxes

  • 2013 Tax Changes: These 5 Deductions and Loopholes Might Get Slashed OLYMPUS DIGITAL CAMERA

    Americans are still adjusting to the effects of the payroll tax increase, but these proposed 2013 tax changes could pack an even bigger financial hit.

    That's because Washington is desperate for additional revenue streams.

    To solve the problem, U.S. President Barack Obama and others have suggested closing some loopholes and altering deductions in order to reduce the budget deficit and avoid some of the automatic spending cuts.

    Unfortunately, you probably benefit from some of these tax breaks right now.

    Here's a breakdown of five tax deductions and loopholes that could be in danger.

    To continue reading, please click here...

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  • 2013 Tax Law Changes: Watch Out for These Hits Some of the 2013 tax law changes slated to take effect Jan. 1 could hit your portfolio if you aren't prepared - and some will go into effect regardless of the fiscal cliff resolution.

    In fact, the Internal Revenue Service (IRS) has released 159 pages of rules that will apply to trusts, annuities and individual equity traders.

    One tax that could affect you is a new 3.8% surtax on investment income - or as it's fondly called, the investment income Medicare tax. The new tax is part of the 2010 healthcare reform law passed by Congress, and represents the first surtax on capital gains and dividend income.

    There's also a new 0.9% healthcare tax on wages for high-income individuals; it is called the earned income Medicare tax increase.

    Combined, these two taxes could raise an estimated $317.7 billion over the next decade, reported Reuters, based on a June Joint Committee on Taxation analysis.

    To find out if you qualify for these taxes - and how to avoid them - check out this look at the proposed changes.

    2013 Tax Law Changes: Medicare Surtax

    The 3.8% Medicare surtax is a big deal because it's the first time a Medicare tax will be assessed on investment income.

    For the purposes of the rule, investment income includes the following:

    • Interest, Dividends, Royalties, and Annuities
    • Capital gains, including any profit you make on the sale of your residence if it exceeds the amount you are allowed to exclude
    • Passive-activity income. This can defined as earnings that stem from rental property, limited partnerships or other business that an individual is not actively involved.
    You'll be affected by the Medicare surtax if your modified adjusted gross income (MAGI) is more than $200,000 as an individual, or $250,000 for married couples filing jointly.

    Your MAGI is the total of adjusted gross income plus any foreign income. So if you work in the United States, MAGI will equal AGI, which includes your net investment income (gains minus losses).

    It's a bit tricky, though.

    To continue reading, please click here... Read More...