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RE: Market Watch: Mini-Dip Incoming!

in LeoFinance5 years ago

This is an interesting piece around April and you're going to laugh. So I do audits, reviews etc for work. I should have known why April was like this but the penny didn't drop.

April is the year that everyone starts putting their financial reports together and preparing their annual reports. Balancing books and all kinds of reporting.

This usually takes a month to prepare sometimes longer. Commencing this process in April provides the ability to commence writing in May and have everything ready before June 30 which is tax time.

So effectively everyone stops buying and doing massive trades so they don't ruin their books and receipts.

I should have known that considering I'm chasing up and reminding organisations to commence their financial reviews and reports.

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