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Bill Gross
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- 1Bond King Bill Gross warns investors to avoid bonds▼Even 'Bond King' Bill Gross warns 'don’t own bonds' as long-term debt enters a new ear of volatility
Bill Gross, the investor long known as the 'Bond King' for co-founding Pimco and running the world's largest bond fund, is telling investors not to own bonds. He says long-term government debt has entered a new era of volatility, making the asset class risky even as yields look historically attractive. His remarks stand out given he built his career on bond investing.
- 2Break Even at the Casino? You Still Owe the IRS●Break Even at the Casino This Year? You’ll Still Owe the IRS
Gamblers who ended the year with no net winnings may still face a tax bill. Under US tax rules, gambling winnings and losses are handled separately: gross winnings count as taxable income, while losses can only be deducted by itemizing, meaning break-even players can still owe the IRS. Tax experts advise keeping detailed records of wins, losses and receipts to claim every deduction available.