The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Fiscal cliff and dividend paying stocks||Date: 12/23/2012 10:35 AM|
|Author: AngelMay||Number: 117212 of 125421|
I own several stocks paying 3% to 4% dividends based on current price. My GE shares are paying around 10% on my original investment and the stock price has almost tripled. Imagine if I had put that money in a CD instead of shares. I'd be lucky to be getting 2% today and the interest would be taxed as ordinary income. Last I checked CDs don't increase in market value either.
As Phil said, don't let taxes make your investment decisions for you. You'll end up making bad investment decisions and that will cost you a lot more than the tax.
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