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Two Safe Ways to Profit From the "Alibaba Shockwave Effect"

In the mid-1990s, I was fortunate to meet and start working with an Upstate New York money manager named Anthony M. Gallea.

The relationship began when I attended and wrote stories about some of the investment seminars he periodically held for prospective and existing clients. He then became a “source” for some of the investment stories I periodically wrote for Gannett Newspapers. And we ultimately collaborated on a pretty successful book about “Contrarian Investing” that was published by Prentice Hall.


Along the way, Tony shared some pretty important snippets of investing wisdom…

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    What the Fiscal Cliff Deal Could Do to You

    Depending on the deal Congress makes for the fiscal cliff, middle-class Americans could face a total average tax burden of nearly 50%.

    Middle-class Americans already pay an average of 43.12% in taxes, according to the non-partisan Tax Foundation.

    Money Morning Chief Investment Strategist Keith Fitz-Gerald detailed the possible increase in the tax tab, citing data from FOX Business Network's expert on consumer and personal finance, Gerri Willis.

    Absent a fiscal cliff deal, the mean middle class federal tax rate would climb from 25% to 28%, as Bush-era tax cuts expire in 2013. Payroll taxes would rise from 13.3% to 15.3%.

    "Keep in mind that doesn't include state income tax hikes, city or county taxes, many of which are on the rise no matter where you live, thanks to decades of poor fiscal management," Fitz-Gerald said.

    Add in state taxes, which average 4.82%, and the middle-class tax burden would average a whopping 48%.

    As Fitz-Gerald put it, the possible tax increases amount to "an assault on the middle class."

    The Most Painful Fiscal Cliff Hit to the Middle Class

    The biggest tax increase threatening individuals for the 2012 tax year is a hike in the alternative minimum tax.
    Read More...
  • What the Fiscal Cliff Deal Could Do to You