As tax season kicks off, Kevin O' Leary, the chair of O'Shares ETF's and star of ABC's Shark Tank, has some tips for tax-payers.
"The theme for 2019 is quality, quality, quality, balance sheet, balance sheet, balance sheet," O'Leary said. "You should own things that generate cash flow because that is what the market is going to put a premium on."
He also pointed out how he prepares himself during tax season.
"The instability in the market now, the earnings disappointments are causing major volatility in a season where you're actually paying tax and you have to make it back." he said. "I always like to say that about paying tax you've got to get it back. You want to be in quality in 2019. That's what I'm doing."
Want to be a better investor? Join Jim Cramer's VIP club for investors, Action Alerts Plus.