Biden’s Capital Gains Tax Increase? What Can You Control? | Erik Averill, Brandon Averill, Justin Dyer | AWM Insights #59

Last week, President Joe Biden revealed his proposal to increase the capital gains tax on the wealthy, potentially forcing them to pay up to 43% on investment gains. 

The sticker shock is real. 

Yet, we believe taxes are not the only risks to investors. It is the failure to control what you can control and making risky decisions that, at best, are hopes and dreams. 

Listen in as we discuss what you can control throughout the investment process and avoid the biggest mistakes we are seeing investors make across the public markets, real estate, and crypto.

Key Highlights

• (03:05):The most important question when investing
• (06:37): The lottery and Dogecoin
• (08:37): Foundational principles of every successful investment
• (15:20): Do you want to be Famous or Wealthy?

Resources

• 10 Keys To Investing Like a Pro

What’s Happening In The Markets

• Dogecoin army’s campaign to drive crypto to $1 was a bust
• Top Combined Capital Gains Tax Rates Would Average 48 Percent Under Biden’s Tax Plan
• Senate Republicans propose $568 billion infrastructure plan to counter Biden
• First-time claims for unemployment insurancepandemic-era low.