Originally Posted by
UASIT
Play money from a deployment I'm doing this year. For long term I'm do Vanguard. No company stock - except what they give out as a bonus...no debt, max out the 401K. Can't do an IRA. Been keeping the cash in an emergency fund (savings) and putting the rest (not in the 401K) into Vanguard Wellington fund.
Thanks...
Why can't you do an IRA? I ask because if you're going to play around with the Dogs of the Dow (or any of the variations), you're going to incur tax from the frequent trading if you end up with gains, in particular short term capital gains if you hold the stock for less than a year. You obviously will also have to pay tax on the dividends as well. All of that could be avoided if you trade within a IRA.
Ditto with gold. You're going to incur that "collectibles" tax on any gains, even if held longer than a year and even if you own the physical gold through a vehicle like an ETF.