Tax Time
Apr 02, 2024It's tax time.
Yuck! Right?!
I don't think so. My mindset is that if my tax bill is huge, I did well.
Bring it on!
Tax time brings in a seasonal quirk that can happen in the markets.
What is that, you ask?
Sometimes, we have a little dip at the beginning or middle of April as people take money out of their brokerage accounts to pay the tax man.
If you see a dip, it's good to know what it is. No reason to fear, it's simply traders paying the IRS.
Two weeks after the taxes come due, we'll have earnings for a lot of the Mag 7. It's a time I profit big and look forward to.
Carry on, warriors!