50. Turning Market Volatility Into Tax Savings - 50th Episode Special | From The Trenches with James Boyle

In a year of economic whiplash, staying invested is easier said than done, particularly when the market drops 20% in ten days. But that’s when the real opportunities appear. In this special 50th episode, Richard Taylor and James Boyle are back in the trenches to reflect on client behaviour during turbulent times, the emotional traps that investors fall into and the importance of holding your nerve when the pressure is on. Richard and James break down how to navigate volatility with a clear head and a smart strategy. You’ll hear their advice on how to: ·      Stay invested during downturnsand why resisting the urge to panic can preserve your wealth and even unlock powerful tax advantages. ·      Use tax-loss harvesting to your advantage including a real client example where staying the course led to over $20,000 in carry forward losses to offset future gains. ·      Avoid emotional investing traps and what the infamous (but false) “dead investor” myth still gets right about behaviour and market performance. ·      Watch the economic signals that matter like May’s surprising rally and why upcoming jobs data could shape Fed decisions and market sentiment. If you're enjoying the show, please follow it wherever you’re listening to it now, and consider leaving a 5 star rating and review to help the mission, which is to help expats and immigrants thrive in America. Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn. We're the Brits in America is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas. We're the Brits in America is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.