The former CEO of Charles Schwab in Australia joined me and together we activated this incredible $1.2 million-dollar A.I. trading indicator in REAL TIME!
As part of the live demo, we even shared a couple trade setups that looked promising.
But it doesn’t hurt to start investing in related stocks a bit early.
Far too many of us are unwilling to do our own taxes, so we leave it up to trusted tax professionals. That way we don’t make mistakes with filing status, dependents, capital gains, or making dangerous assumptions. Many of us also forget human error can be costly. Even the smallest error can lead to expensive tax bills and a possible visit from the IRS.
That being said, you should keep an eye on these two tax stocks.
H&R Block (HRB)
One of the top tax stocks to buy is H&R Block (HRB), a no-brainer with tax season.
Every year around this time, HRB rockets higher. We saw it happen just about every year. Last year, it ran from about $42 in October to a May high of $53.55. In 2022, it ran from about $37 in October to a high of $41.53 by December. Not only can you make money from its potential appreciation this time of year, but you can also collect its yield of 2.5%.
Some optionable stocks, but not all, have expiration dates that go out one or two years. These option series are called “LEAPS”, which is an acronym for Long-term Equity AnticiPation Securities. First introduced in 1990, these long-dated option contracts can go out as long as 39 months, and they always expire in the month of January.
For the option buyer, LEAPS offer many benefits. Because the option exists for such a long time, the premiums for LEAPS are much higher than for short-term options. And as is true for all option buyers, there is less money tied up in buying an option than buying the actual stock. Furthermore, since LEAPS have a low decay rate during their first few months, option buyers can use LEAPS instead of short-term options for short-term plays.
The price erosion of LEAPS due to time decay is not linear; the price does not decay at an equal rate per unit of time. During the first few months of a LEAP, time erosion has a minimal negative effect on the option price. So, option buyers can purchase a LEAP on a stock that they anticipate will make a move within the next two or three months, while suffering a minimal price decrease on their option.
Elite Wall Street trader, Joe Duffy, is allowing a limited group of future-elite investors into his masterful daily trades at thousands of dollars less than what others charge.
When you join today for $1, the first month you'll receive:
Joe Duffy’s daily video newsletter with updates on what's happening in the markets that very day. Rather than watch talking heads for hours on cable, I'll get you up to speed in minutes.
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The first profit opportunity we will review is in RF, or Regions Financial Corporation. This financial holding company is headquartered in Birmingham, Alabama.
If the monthly chart shows that RF turned the trend up when it closed above the monthly moving average line last December. The RF price rallied from about 19 to over 23 this week.
The daily chart shows that RF moves into a series of higher highs and higher lows following the August low. The bullish pattern points to a further advance.
We recommend buying RF stock at the current price level.
PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
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