The tax myth that costs investors money | Signals & Noise, June 19
This week's Signals & Noise is live.
With the recent tax changes, it is worth looking past the speculation and the bias to see what the impacts really are. The idea that investment simply stops because of tax is almost certainly wrong. Imagine a market where buyers exist but, according to the doomsayers, nobody will invest because of those dreaded taxes. There is always one person who realises that if that were true, they could step in and have a near monopoly, because nobody else wants to.
The deeper point is one we have made for years. If taxes drive your decision, for better or worse, that is probably not a good decision-making process. We have watched plenty of people invest for "tax reasons" and lose money, because the thing being sold is the deduction, not the asset.
In this week's free edition you get the opener, the tax-myth argument, and this week's podcast.
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