The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  What do I do?! Date:  8/14/1997  9:48 PM
Author:  warlord Number:  183 of 127513

Hiya.. Im a new investor.. only 25. I make aprox 30k.. near 40k with overtime :) I want to invest in a company I think will be BOOMING within 4 years..<Loral space communications> but I dont wanna buy the stock for 16 now and then when it goes to $100 a share I lose 30k in taxes when I cash out. Id like to cash out in aprox 5 years and put the money towards a new house or condo. What do I do?
How can I protect my money from being bombed by taxes? I know I will definately need the money in aprox 5 years.
I read the new tax laws, im so confused my head is going to explode, please help :)

PS- Remember, im new.. Be gentle :)

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us