Hi All,
Kiplinger media produces a much underrated series of videos for fans of personal finance. If you’ve got any mutual funds, you might be interested in this one. Basically the video looks at 5 ways you can minimize taxes when investing (which you can then invest to build wealth!). In a nutshell they are:
1) Sell investments only after 1 year for a lower tax rate
2) Watch your tax basis, reinvested dividends count towards your basis
3) Moving cash between accounts can be taxable
4) IRAs and 401ks allow tax free trading
5) The full value of appreciated stock can be deducted for charity
More at Kiplinger.
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