Take advantage of taxefficient investment strategies from "summary" of The Investment Answer by Gordon Murray,Daniel C. Goldie,Gordon S. Murray
To make the most of your investment returns, it’s important to consider the impact of taxes. Taxes can significantly eat into your investment gains, so it’s crucial to employ tax-efficient strategies to minimize this effect. One way to do this is by investing in tax-efficient vehicles such as index funds or exchange-traded funds (ETFs) that have lower turnover rates and thus generate fewer taxable events. Another tax-efficient strategy involves holding onto investments for the long term. By keeping investments for more than a year, you can benefit from lower long-term capital gains tax rates, as opposed to the higher short-term capital gains tax rates incurred on inves...
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