If you are like most people, you have probably dreamt at one time or another in your life about becoming a millionaire. Maybe you’ve watched TV shows such as “Lifestyles of the Rich and Famous” and wondered with a bit of envy what it would be like to live in a beautiful mansion, drive a Ferrari, and spend month-long exotic vacations on your 100-foot-plus luxury yacht.
In general, you’ll have to pay tax on the money
you make on a fund. Interest, dividends and
capital gains are all treated differently for tax
purposes and that will affect your return from an
investment. Keep in mind that distributions are
taxable in the year you receive them, whether you
get them in cash or they are reinvested for you.
However, if you hold your mutual funds in a
registered plan, you won’t pay income tax on the
money you make as long as that money stays
in the plan. When you withdraw money from the
plan, it will...
The stock market itself is not a scam. The trouble comes from how people are brainwashed into trying to make money from the stock market. That is Wall Street's fault. Now it's time to lay bare the truth, so you can position your investments to give you ongoing streams of income to reinvest, to build yourself a fortune by the time you retire. But first, let's define terms. What is Capital Gains Investing? It's what the vast majority of people call simply "investing." It's buying a stock now in the hope you'll be able to sell it for a...