To be eligible for the long-term capital gains tax you must have held the asset for at least one year.
There are many obstacles you will encounter while trying to achieve your financial goals.
Review your goals. Knowing when you want to reach them is your time horizon and that should dictate what you invest in and how much risk you take.
Today everyone should consider having a financial plan, but most individuals have not planned for their future.
Most investors don’t even know they are in the wrong type of investment until it’s too late.
Investments that you hold for less than a year and then sell are considered short term investments and are taxed as ordinary income.
Pawtucket, R.I.-based Hasbro plans to cut about 10 percent of its workforce and consolidate facilities to reduce expenses.
Mutual fund companies send out annual statements the end of January. My strong recommendation here is to take the time to review them.
The number one reason to sell is when your goals or objectives are met and you need the dollars to pay for the goal.
You will want to learn how to compare your mutual fund to a standard so you can tell how well it’s doing compared to other similar mutual funds.