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Strategies & Market Trends : Value Investing

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To: Elroy who wrote (74730)	12/30/2023 3:36:02 PM
From: E_K_S	Read Replies (1) of 78481

$SPX is not tax efficient. The index must book gains every year. My portfolio has more than 50% of it's current value in long & short term gains. Keep it in the portfolio, no tax event. Dividend payers keep paying qualified dividends or ROC (which further reduces cost basis). $SPX does not provide this . . . FWIW, The money one invest is already after tax income $'s, those that trade buy/sell, get further taxed and if you reside in a high tax State like CA or NY, your gains and div income is further taxed. I moved in 2011 to a No income tax State and save at least 13% (CA Tax) on gains I book. By keeping the gains inside the portfolio, I can compound those gains. If/When I draw on the ROTH, still no taxes. So all is good & efficient as long as the rules are not changed. It's the AFTER tax returns that count. Remember, when you spend those gains, you get taxed again by sales tax.

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