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Can I avoid taxes on investments by holding onto them for a long time?

Curious about Taxes Investment

Can I avoid taxes on investments by holding onto them for a long time?

No, it is not possible to avoid taxes on investments simply by holding onto them for a long time. Depending on the type of investment, you may have to pay taxes on the capital gains, dividends, or interest earned on your investment. The tax rate and rules may vary depending on the specific investment and your personal tax situation. It is important to consult with a tax professional to understand the tax implications of your investments and to develop a taxefficient investment strategy.

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