Thursday, April 1, 2021

Infrastructure for everyone

President Biden wants to pass an over $2 trillion infrastructure package.

The money will help build roads and bridges, improve schools, and spread more broadband around the country. There would be a lot of benefits.

But corporations aren't wild about his proposal for paying for it: he wants to raise the corporate tax rate from 21 to 28 percent.
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Plus, he'll talk about some of his boldest predictions for the market in the month ahead.

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This is a critical piece of advice, so I'll keep repeating it as often as I need to until it sinks in:

Cut.

Your freaking.

Losses.

Every time. Don't question it. Don't overthink it.

People who hold onto losing trades to wait for them to turn around often end up in a worse position than they started.

They dig the hole deeper.

Cutting a losing trade stinks. It's a pain. Nobody likes to do it.

But it's the cleanest way to go about your trading.

And I can't recommend it enough.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.
 
 
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