MTC Market Compass
March 2026
The Big Picture
In 1789, Benjamin Franklin famously observed that “nothing is certain but death and taxes.” Investors are reminded of this sobering reality each tax season. While taxes are unavoidable, their impact on investment outcomes is far from predetermined. For investors, the true determinant of after-tax performance is often not whether capital gains are realized, but when they are realized and when the associated taxes are paid.
