Just buy a Nasdaq and you'll surpass it, what's there to research?

It seems to be a bet on the expectation of decline. The upside is limited but the risk of a pullback is high, and he holds cash with a basic return of about 5%. Let's see if the old man can make the right bet this time.

He thinks that the tax rate must be increased, so he prefers to record profits at a lower tax rate now, which can also increase the cost basis.