Consider the impact of taxes on your investments and plan accordingly from "summary" of The Coffeehouse Investor by Bill Schultheis
When it comes to investing, one important factor that is often overlooked is the impact of taxes on your investments. Taxes can eat into your returns and reduce the overall growth of your portfolio. It is crucial to consider taxes when making investment decisions and to plan accordingly. There are several ways in which taxes can affect your investments. For example, if you are investing in a taxable account, you may have to pay taxes on dividends and capital gains. This can reduce the amount of money that is available for reinvestment and ultimately limit the growth of your portfolio. By being aware of the tax implications of your investments, you can make more informed decisions and potentially minimize your tax liability. One strategy to consider is invest...
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