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LunarOrbit · 61-69, M
Stick with solid companies that pay dividends. Long term growth. Easy peasy.
stratosranger · M
…until you sell those stocks. Not only do the capital gain taxes suck but Biden wants to raise those rates too! https://www.cnbc.com/2021/05/04/biden-capital-gains-tax-increase-proposed-how-to-save-on-taxes.html
@LunarOrbit
@LunarOrbit
LunarOrbit · 61-69, M
@stratosranger Sorry. 🇨🇦 here. We are only taxed on 50% of our dividends here. And yes, you pay capital gains when you sell a stock. You make money...you pay taxes. Fair game
stratosranger · M
@LunarOrbit Mmm hmm. Investing in those companies also keeps the country afloat. I take a risk in using my money to keep the economy going as well with those investments.