This is the time of year when you start figuring out how much you support Uncle Sam, literally.
As you tally up the numbers, it’s hard not to wonder if you’re paying too much in taxes.
Be careful, though, because going down this road leads to thoughts like: “Well, if I just invest in stocks, I’ll avoid taxes, and, if I need to sell, I’ll pay the more palatable capital gains rate.”
Don’t get distracted and let “tax planning” ruin your portfolio. Take a deep breath. Look around you and consider your environment and how it relates to your situation.
Don’t Let the Wise “Guys” Get in Your Head
We’re seeing record money going into bonds and hearing the boring old refrain from “Mr. Smart Guy” that it’s a bullish signal for stocks. Yippee?
Then, there’s “The End of Capitalism Guy,” declaring that zero percent interest rates can mean nothing less than the end of capitalism altogether.
Don’t spend too much of your time thinking about the other guy or about Uncle Sam, because there’s plenty of “Guys” out there looking to separate you from your money.
Keep It Simple
Take it from “Your Survival Guy,” keep things simple. Protect what you’ve made, and focus on the big picture.
Originally posted on Your Survival Guy.