Today's article is from the WSJ. I'm sharing it because it serves as a 'heads up', and accurately paints the current tax picture and what the potential picture could be, based on recent statements and predictions. When it comes to the stock market, we never make predictions. When it comes to tax policy, being forewarned is being forearmed. **************** Complain if you must, but we live in a Golden Age of Taxes—the lowest rates we may see for decades. President Trump’s 2017 Tax Cuts and Jobs [...]

In their paper Evaluation and Ranking of Market Forecasters a team of statistical researchers from the U.S. and Australia sought to rank the accuracy of 68 prominent financial forecasters. The study looked at 6,627 predictions made over a 14-year period about the S&P 500. The time frame of the predictions varied from three to twelve months. What the study found was that about two-thirds of the forecasters had an accuracy score of less than 50%. Statistically, you'd be better off flipping a coin rather than following their advice. [...]