Product Description

An investor looks at a monthly brokerage statement. The eye goes straight to the figure on the bottom -- the account value. That number is the total portfolio return, right? Wrong!

All too often, investors assume that what they see is what they get. But the minute they sell an asset or trade a security, they're socked with the tax bill, and the portfolio's true value begins to erode. For example, more than three-quarters of the value of an inherited IRA account can be consumed by estate and income taxes.

This doesn't have to happen. Brokerage firms know how to handle risk for their own accounts -- tax risk, as well as investment risk. Savvy individual investors can use the same techniques to protect themselves. Bob Gordon, a Wall Street veteran, shares the strategies of an insider to demonstrate how you can take advantage of tax law -- instead of letting taxes take advantage of you.

In plain English, this book explains federal and state tax considerations that investors need to factor in when they're ready to cash in their portfolios. Whether they are investing pros or neophytes, investors will learn how to harvest capital losses without selling and without risk, and how to capture interest as a long-term gain. They'll also learn tax-wise moves with options and the best end-of-year planning techniques. By the time they finish reading this book, their "tax bite" will be more like a "nibble".

Product Details

• Amazon Sales Rank: #97856 in Books
• Published on: 2001-11
• Format: Illustrated
• Number of items: 1
• Binding: Hardcover
• 258 pages

Robert H. Stovall, CFA, Senior Vice President & Market Strategist, Prudential Financial
Every taxpayer should have a copy as a guide in the never ending joust with the revenue codes.

Martin Edelston, Publisher, Bottom Line/Personal
[A] very valuable guide to minimizing tax on all kinds of investments.

Ed Slott, CPA, editor of "Ed Slott's IRA Advisor"
If you hate taxes, you'll love this book!

Customer Reviews

A most helpful book for the involved investor
Good ideas on making the right choices between investment tools, stocks vs. options vs. funds..easily worth the money

What a waste of time.
This is nothing more then a self serving book that really does not provide any insight. It is really a sales tool for the author's brokerage firm. Save Your Money!

Excellent advice
This book is filled with top-notch strategies for minimizing the tax bite on your investments. It's well-organized and contains info that, I think, will benefit both individual and professional investors. By making a few simple changes to my portfolio, I'll now be able to boost my take-home returns considerably. Strongly recommended.