Shobhit has a background as an seasonal writer and love to write blog on daily trending news. As a staff writer for Follow News, Shobhit covers the latest news, trends, and insights on every niches.Before joining Follow News, Shobhit worked in marketing and copywriting for small businesses. Away from his desk, Shobhit likes to travel, socialize, and cook homely favorites.
As a result of the Fed's interest rate hikes to combat inflation, traditional savings accounts, known as "statement savings accounts" within the banking industry, are paying paltry rates.
If an investor sells a holding in a taxable account, the difference between the investment's original cost and its selling price is a capital gain or loss.