Posted by: NewTrader July 17, 2007
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.I think it doesn't make much difference if I am in lower tax bracket according to this site
It says
"Short-term capital gains are taxed according to your income tax bracket and long-term gains are taxed at 20% if you are in the 28% or higher tax bracket, and only 10% if you are in the 15% bracket.".
As I don't have expertise to predict market and also don't have huge sum to invest and wait, making quick money with short-term stocks and then re-investing that into newer stocks is beneficial for me.
For person like me with very small investment, keeping the money moving can worth more.
As I am totally a technical person with very small knowledge of economics and business, I am looking forward to hearing some constructive criticism from knowledgeable friends here.
Please drop few words for me