19. Warren Buffett’s 2nd Rule – Understanding Capital Gains Tax

Videos
Download Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist

Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location:

In this lesson, students learned the importance of buying an asset that they can hold for ever. Buy purchasing a company that has long term prospects, the owner (or stock holder) doesn’t have to continually pay capital gains tax. When comparing the capital gains tax of a person that trades in the short term, it becomes very obvious that it’s not advantageous.

By purchasing a company with long term prospects, you’re not only minimizing your capital gains tax, but you also enjoy the sustained earnings through time.

Articles You May Like

Delete Snap Stock From Your Watchlist, Despite Drop to Pandemic Lows
Sunoco (SUN) and Lemonade, Inc (LMND): 1/18/2021 Bull & Bear
Bed Bath & Beyond jumps nearly 40%, AMC surges as meme chatter on message boards increase
Estate Planning for Canadians
Stocks making the biggest moves midday: Bed Bath & Beyond, AMC, First Solar, Palantir and more