High taxes can wipe out 70% of your wealth, so consider giving assets to charity instead. This investor uses MACD indicators and technical signals to pick stocks, and is now feeding historical data into AI to gain confidence to bet up to 50% of his portfolio on a single position.
Give it to charity because by the time tax man's done, you've lost 70% of it. That's why I want you to go direct and own it yourself. Right. Have 100% awareness. But the problem is people think I'll outsource to an expert. They'll take care of it. No, they don't. Since when? You've outsourced to the bloody government. Have they taken care of it? No, they've taken— how much of your pension are they taking now? Inheritance tax. And then when you die, the recipient is going to be paying their marginal income tax rate. And I said to my dad, I've got some pension money. I'll leave it to you in the will. I said, there's no point. What am I going to get? 33% after it's all done of what's in there. I said, what's the point of even counting it? Give it to charity. Because by the time tax man's done, you've lost 70% of it. We'll add it to the foundation. Pissed off at how much gets taken. Partly because people are using it as its own niche because it's not American, it's not tech, it's not AI. Because let me put it this way, the UK economy is not growing. At a fast rate. If the economy is not growing, it's very difficult to trickle down into individual stocks growing, although those are in, uh, international companies. So one of the things we're looking at is we're saying, right, we know because I've published it in my books that when the monthly and weekly MACD both start, just start rising in tandem, we know there's an increased probability but not a certainty of significant price rises if the stock also hits all of these. But what we're trying to do is see, okay, as well as that, if it hits all greens and those factors, is there something additional which can increase our confidence so that I don't just have 2.5% in it, so that it builds my confidence enough that I say, well, I want 50% of my portfolio in it? And we're still looking for it. We haven't found it. We're— we've uploaded all this data into AI, all these patterns, all of it, to see if there's something beyond what I've already told you to boost my confidence.
