Username Password
About People & Picks | Help | Sign up
Home My P&P People Picks Tops Blogs Groups
S&P 500: 1,317.11 Change: -0.21%
kapilricha1
kapilricha1
P&P Score: 98.35   Points: 29.18   Accuracy: 53.85%   Average Pick Score: 1.13   Annual Return: 26.49% (71.77% since 9/10/09)  

kapilricha1's Blog : Investing and Tax implications

Date March 8, 2010    Comments Comments (1)    Recommended (63)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This
This is my first year of tax filing with stock income. Oh man it really sucks.... 1/3rd of the money I made by paying so much time and effort is directly taken by uncle Sam.... That does not mean I am going to stop investing but my question here is

Should I keep investing for short term or should I also start looking into long term investments (more than 365 days holding)?

It is difficult to find and predict stock movement after 4 quarters when we know that every quarter can be very effective in stock price movement.

Would like to know experts opinion on this topic.


1 Comment(s):

Author InvestmentMAGE     Date March 9, 2010 08:08  Edited: July 15, 2010 by InvestmentMAGE Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Hello Kapil,

I think you should do your most aggressive investing in a tax free account, like a Roth IRA. The downside is you don't get the tax write-off in your losses.

Check with your tax advisor.

Cordially,

MAGE
Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links
©2008-2012 PeopleAndPicks.com | Terms of Use