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kapilricha1
kapilricha1
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kapilricha1's Blog : Investing and Tax implications

Date March 8, 2010    Comments Comments (1)    Rate this post Recommend This Post (57)   
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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.


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Author InvestmentMAGE     Date March 9, 2010 08:08  Edited: July 15, 2010 by InvestmentMAGE Abuse this post Report Abuse
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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
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