To Err is Human
One of the most difficult challenges of successful investing is keeping normal human emotions under control. Successful managers must be confident when everyone else is fearful in order to exploit market bottoms. They must be cautious when everyone else is euphoric with greed in order to avoid market tops. I view the financial markets, among other things, as being vehicles to transfer wealth from emotional investors to investors who remain calm, clinical and rational.
Biltmore Capital Advisors is NOT an accounting firm. For specific advice regarding taxes, please consult your tax advisor.