Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

Yonnie3

(19,570 posts)

6. Yes! As the old school bankers used to say, "never spend your capital."

Reply to Warpy (Reply #4)

Fri Jan 20, 2017, 11:13 PM

Jan 2017

Dividends and Interest rule! I include capital gains in my income on occasion. I have a cushion of cash, EE Bonds, etc. so I don't have to sell to live. I take gains when it makes sense. Dividends and long term gains cause very little tax liability for me. Much of my assets that would generate taxable income are in tax deferred accounts and the assets with dividends and possible capital gains are in my taxable account avoiding a lot of tax.

It took many years of working hard and living cheap to get to where I am, I wish I had seen the light earlier in life.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

Long in the market? Still time to get out, b4 nxt TrickleDownDereg disaster [View all] Bill USA Jan 2017 OP

my brother who studies economic trends MFM008 Jan 2017 #1

Yes the next Wellstone ruled Jan 2017 #2

I have a conservative portfolio allocation. Yonnie3 Jan 2017 #3

You are a wise investor Warpy Jan 2017 #5

I live on dividends and interest Warpy Jan 2017 #4

Yes! As the old school bankers used to say, "never spend your capital." Yonnie3 Jan 2017 #6

I got the point but was kept artificially poor Warpy Jan 2017 #7

Point? Yonnie3 Jan 2017 #8