If you have insider stock in a private equity deal thats how Clarence Dillon got rich 90 years ago hire a lawyer and shelter your gains.
You've got to double your gains on the way up".
If the value increases by 3% a year, your gains effectively quadruple.
And unlike certain I.P.O.'s (we're looking at you, Zuck), there's undisputable value to your gains.
"But if the market does bounce back, it will temper your gains".
To protect your gains, invest tax-efficiently either in an Isa or pension.
"You consolidate your gains and then you move on to the next fight from a stronger position," he said.
The desire to take some money off the table and lock in your gains is nearly irresistible.
How much did you invest, how much did you make and what did you do with your gains?
Besides offsetting unlimited amounts of your gains with losses, tax rules allow you to use an extra $3,000 of losses to offset salary and other income.
When you die, abruptly or in old age, you bequeath your gains to your offspring, who become the next characters in the generational journey.
