30 Days to Becoming a Better Investor - Day 17
Jonathan, from MyMoneyBlog, brings us tonight’s investment tip. If after exploring your inner investor you discovered that index funds are the way to go for you, Jonathan’s advice may save you some money on your taxes.
Jonathan details a way you can reduce your taxes by selling your index ETFs that are down for the year and then immediately purchasing similar ETFs. This is a pretty clever trick that could potentially save you a bit a money. Read “How to Beat the Market?” for the details. Jonathan describes two scenarios to explain the potential tax savings and an interesting discussion follows.
You can follow the 30 Days to Becoming a Better Investor series on the summary page.
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When applying for your new credit card, consider alternatives. Perhaps a short term loan would be a better way forward. Don’t borrow what you can’t afford and get debt help before it’s too late.
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30 Days to Becoming a Better Investor - Day 18 - Fat Pitch Financials[…] Join me in my quest to find dollar bills for 40 cents… Value investing and personal finance discoveries for those seeking to invest with a margin of safety in stocks with wide moats and to profit from arbitrage opportunities. Spirit : Archives : Links : About : Contact : Saturday, Nov 19th - 6:21pm « 30 Days to Becoming a Better Investor - Day 17 […]
