Don’t Miss Out, You’ll Regret It (Part 3)
- By holding a profitable investment for over a year before selling, an investor has the opportunity to significantly reduce the amount of taxes that he or she will have to pay.
- By holding an investment indefinitely, an investor can hold off on paying taxes indefinitely.
- By deferring the payment of taxes, capital can grow exponentially faster than otherwise.
There’s a reason why buy and hold investors tend to do well over the long-term. And it’s not so much to do with picking the right assets to invest in; but rather, it has to do with how stocks are taxed, in general. Knowing the finer details of how taxes work can save you big time. Here’s how.Continue reading → Why Buy-And-Hold Can Save You BIG.