With Bernie Sanders out of the race, we now know who will be slugging it out in the November general election: Donald Trump vs. Joe Biden. We also know that economic recovery, health care, and other costly initiatives will be heavily debated during the campaign--which means that tax policy has to be part of the conversation, too. After all, any new programs will have to be paid for somehow, and that usually means tinkering with the tax code.
President Trump has talked about issuing new tax proposals, but he hasn't announced any real plans yet. On the other hand, Biden has released several tax policy ideas as a candidate for the Democratic Party's nomination. Here's a look at a few of the higher-profile Biden tax plans concerning hot button issues of the day. (We'll report on any Trump proposals when they are released.) Start brushing up now, so you'll know who to vote for in November.SEE ALSO: 20 Best Stocks to Buy for the Next Bull Market
NHL Hall of Famer Wayne Gretzky used to say, "I skate to where the puck is going to be, not to where it has been." During these trying times, these are wise words.
As it applies to growth stocks, you'll want to consider where these companies are going to be in six, 12 and 18 months. Easier said than done. It's impossible to know exactly where companies are going to be once the coronavirus finally dissipates. And that's what makes growth exchange-traded funds (ETFs) so appealing right now.
The economy is reeling. Economists are using data to help predict when the economy will bottom, and how low that bottom will be. Some, such as Goldman Sachs, have created custom economy trackers that pull various data points together to understand where the economy is headed - and more importantly, when it will bounce back. GS believes unemployment will peak at 15%, then the economy will experience a robust recovery by the end of the year.
Investors want to look ahead, not behind. But betting on individual growth stocks expected to benefit from this rapid rebound might be too risky a practice for many retail investors. Funds, however, can help you invest for growth without fearing that one company's unexpected collapse will cause you outsized portfolio pain.
These seven growth ETFs provide a variety of ways to ride an eventual economic recovery. Funds like these are extremely cheap, efficient vehicles that allow you to invest in dozens, if not hundreds, of growth stocks without having to trade them all individually in your account. They also allow you to be tactical, investing in sectors and industries you think are best positioned to rise out of this bear market.SEE ALSO: The 20 Best ETFs to Buy for a Prosperous 2020