Quote (Saltburn @ Dec 11 2017 07:53pm)
Was told it's best to sell stocks every ten years from buying, is that a no?
Profit from investments held less than a year are taxed as regular income. Profit from investments held for a year or more are capital gains, and they're are taxed at 0, 15, or 20%, depending on your bracket. In this sense, holding is better. If an investment is no longer worthwhile, if your financial situation has changed, if you're gambling on volatile investments and want to run before the risk catches up to you, don't hold.
This post was edited by wheniwassevenishotacheetah on Dec 11 2017 07:17pm