Because That’s Where the Money Is
When a journalist once asked the legendary criminal Willie Sutton why he robbed banks, Sutton allegedly replied, “Because that’s where the money is.”
When it comes to government and taxes, the same criminal wisdom applies. You see, when the federal, state and local taxman needs money, they aren’t going to go after the Average Joe. Rather, they are going to come after you, the wealthy investor that’s enjoyed success. With this truism in place, it behooves you to begin preparing yourself to deal with higher taxes now, before the assault on your bank account gets really aggressive.
Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Weekly ETF Report readers, send it to me, along with any comments, questions and suggestions you have about my audio podcast, newsletters, seminars or anything else. Ask Doug.
In case you missed it, I encourage you to read my e-letter column from last week on Eagle Daily Investor about my three favorite red-hot ETFs. I also invite you to comment in the space provided below my Eagle Daily Investor commentary.
All the best,
Doug Fabian
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
