tag:blogger.com,1999:blog-37886248.post1087827790480373455..comments2024-03-22T00:35:19.082-07:00Comments on Casual Kitchen: Money Sundays: Is Looking For Tax-Efficient Investments Icky? Or Intelligent?Danielhttp://www.blogger.com/profile/02388302796031288076noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-37886248.post-90156996001284734422012-10-14T05:53:02.453-07:002012-10-14T05:53:02.453-07:00Good point Chacha. When you're saving up for a...Good point Chacha. When you're saving up for a major expenditure, making an "investment" with that money (and thereby putting it at risk) may not be a good idea. <br /><br />Sometimes you need to stash the money you're saving into a truly risk-free place--even though you are giving up some income on that money. <br /><br />DKDanielhttps://www.blogger.com/profile/02388302796031288076noreply@blogger.comtag:blogger.com,1999:blog-37886248.post-20849056741159977472012-10-08T10:32:45.867-07:002012-10-08T10:32:45.867-07:00Thanks for the math, Dan. I'm not currently i...Thanks for the math, Dan. I'm not currently in the phase of seeking to maximize investment income (probably should be, but there are only so many things a person can concentrate on), but at least this helps confirm my bias toward stocks for long-term investments. <br /><br />The only reason I'm putting *anything* in my bank money-market account, at a laughably low interest rate, is because I hope to yank it all out in 2-4 years via a big down-payment check.chacha1http://www.ombailamos.comnoreply@blogger.comtag:blogger.com,1999:blog-37886248.post-63017056793752505452012-10-07T18:11:43.099-07:002012-10-07T18:11:43.099-07:00Next time I'll be sure to assiduously avoid an...Next time I'll be sure to assiduously avoid any words, phrases or visual metaphors that might possibly give you the wrong idea. :)<br /><br />I'm joking. I can't possibly even know who you are. <br /><br />Look, in the first steps of this process, you are right: the income is all incremental. But the goal in the medium to long term is to generate sufficient income from non-wage sources such that you can leave full-time traditional paid work. Uh, you know, retire. If you want.<br /><br />For more on this, I strongly recommend the book Your Money Of Your Life, as well as my post <a href="http://casualkitchen.blogspot.com/2012/03/extreme-savings.html" rel="nofollow">Extreme Savings</a>.<br /><br />One last thought: if you save aggressively and are diligent about this process, you'll pay *plenty* of taxes. No need to lose sleep over that. Once again, do not confuse tax rates with aggregate tax dollars.<br /><br />DKDanielhttps://www.blogger.com/profile/02388302796031288076noreply@blogger.comtag:blogger.com,1999:blog-37886248.post-5024617259842685332012-10-07T16:14:05.720-07:002012-10-07T16:14:05.720-07:00As the original commenter...
Presumably you can s...As the original commenter...<br /><br />Presumably you can see how all the talk of wage slavery and shackles could give me the wrong idea. It sounded like you were suggesting replacing your wage earning (and thus paying of higher taxes) with your investment return earning (and thus paying of lower taxes). If you're working the same amount but just also earning money from investments, fine, I retract. But that doesn't really relieve you from wage slavery in any way.Anonymousnoreply@blogger.com