The two reasons why people lose money are:
1. Short term gratification
2. Self sabotage
We also explore what ‘capital gains’ are, and the difference between ‘short term’ and ‘long term’ capital gains.
– When you sell a capital asset for more than you purchased it, the result is a capital gain.
– Short-term capital gains result from selling capital assets owned for one year or less.
– Long-term capital gains result from selling capital assets owned for more than one year.
– Assets that are subject to capital gains tax include stocks, bonds, precious metals, real estate, and property.
– Short-term gains are taxed as regular income, according to the U.S. income tax brackets.
– Long-term gains are subject to unique tax brackets that are generally more favorable than the regular income tax brackets.
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