10-15-2014, 11:09 AM
WRXtranceformed Wrote:So do you guys just take the cap gains tax hits every time you sell your stocks when the market drops? Do you factor those in to the gains you have earned? From what I understand, if you hold stocks less than a year you have to pay your regular income tax rate on the gain instead which is generally worse.yeah its regular income if its less than a year, but this isnt swing trading, just trying to flatten out the big dips. most of the time youre still in for a year or more, and if not, you should still lose a lot less in tax than you would have otherwise, especially since Obamanomics is raising the long term capital gains tax :roll:
Im curious about the tax sheltered investment you mentioned. sounds like some kind of annuity?