OPEN’s finance expert Mike Periu brings you a new development in taxation. You Should Sell Investments to Avoid Higher Taxes.
Many financial experts believe that taxes on investment income—both capital gains and dividends—will likely go up over the next several years regardless of who wins the presidential election. Given this likelihood, small-business owners might want to consider selling profitable investments now to lock in relatively low tax rates. If you have a profitable investment with a stable price and you think you’ll need the cash in the next 12 months, then selling before the end of year could be a good idea. However, if you don’t need the cash any time soon and you believe its a good long-term investment, don’t sell. You should take taxes into consideration when making an investment decision, but taxes should never be the main driver.
About Mike Periu
Mike is a seasoned executive with experience in small business finance and management. He is the founder of Proximo, LLC a leading provider of corporate, consumer and small business education and training services with an emphasis on finance and technology.
Mike Periu is also a leading national voice for individual empowerment through financial education and entrepreneurship. He has been interviewed over 500 times in national and international media, including NBC, Univision, CNN en español, Telemundo, HITN, TVE, RTE, SBS, MegaTV and others.
Mike writes regularly for American Express OpenForum, Yahoo! Finanzas and is a Huffington Post contributor.
Mike has degrees in Finance and International Business from Georgetown University. He is on the Board of Directors of the Council for Economic Education and was a Fellow at the Kauffman Foundation’s Labs for Enterprise Creation.
