Quote:
Originally Posted by Rain Man
If you sell within a year of purchase, you're paying short term capital gains tax, which is notably higher than long term capital gains tax. Unless you thing something is going to happen really fast, you're better off waiting a few months and selling a year after you bought it.
Here's what the difference is: https://www.investopedia.com/article...-tax-rates.asp |
I was wanting to go long with these stocks but if the Dems win in GA the tax rate is going to go up and then that will probably cause a pretty good sell off. It's a dilemma.