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QuestionsCategory: Investor PsychologyUS Capital Gain Tax
Theodore Tan asked 7 months ago

Hi Victor and Rusmin,
 
Saw this news today. https://www.cnbc.com/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html 
Subjected to congress votes, does it mean that it will be an opportunity for retail investors to enter?
What I understand is that they will only tax the rich holding stocks.
Wondering what are your views on it?
Thanks!
 
BR
Theodore

3 Answers
Jieren Zheng answered 7 months ago

I would think speculating based on something undermined would be a rather risky proposition unless you have a way of analysing it similar to options

Victor Chng replied 7 months ago

Thanks JR

Victor Chng answered 7 months ago

Hi Theodore,
 
As mentioned by JR, it is hard to predict how the market is going to react to this tax hike issue. I will rather focus my time on analysing companies while waiting for Mr Market to give me a good price. 

Theodore Tan answered 7 months ago

Thanks all!