re: Taxes. How do I minimize the pain?

quote:

---

ere is the simplest and really only way to minimize capital gains taxes on successful stock purchases...

1) don’t sell them prior to the 12 month anniversary of your purchase
2) don’t sell them after that either

let your winners run (and keep feeding them) and kill your losers quickly. You should not be investing in equities money that you will need to extract in the short or near term. That’s the point of investing

if you are trading and not investing then short term capital gains taxes are the cost of doing business, and should be included in your trading strategy

---

This x 1000. Very seldom will I sell before the 12 months. I typically on buy stocks I plan on holding long term. Too many people fail to factor in taxes when calculating their "gains".