Quote:
Originally Posted by daca55
A wise man once said “the biggest detriment to wealth is taxes”. That said if you want income you might want to consider putting some of your money in rated municipal bonds. They pay coupons usually semi annually and they are federal tax free.
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stupid saying. taxes are a by product of success. the biggest detriment to wealth is asset price decline. . Taxes might be 20% of gains, but losses can easily exceed that .
where do people come up with these one liners as sage investment advice?