Wall Street Secrets for Tax-Efficient Investing: From Tax Pain to Investment Gain (Hardcover)

by Robert N. Gordon (Author), Jan M. Rosen (Author) "MANY WALL STREET PROFESSIONALS are fond of the adage, "You can't time the market..." (more)
Key Phrases: New York, New Jersey, Internal Revenue Code (more...)

Editorial Reviews

Review
"It ain't so that Congress has closed all tax loopholes for investors. The cunning Robert Gordon has found some doozies." -- Forbes, December 10, 2001

A highly informative and original work written by the leading authority on the subject. Destined to be a classic. -- Thomas J. Herzfeld, President, Thomas J. Herzfeld Advisors

An outstanding book for investors and their advisors on the art of tax-wise investing. -- Sidney Kess, CPA, Attorney

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

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

This is a must-read for investors looking for an easy to understand book on the taxation of investing. -- Richard J. Shapiro, tax partner, Ernst and Young LLP

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

Product Description
Sage advice on taxes and investing from a Wall Street pro! An investor looks at a monthly brokerage statement. The eye goes straight to the figure on the bottom—the account value. But there's a catch. If the investor with big gains decides to play it safe and take some of that money off the table, taxes will take a chunk of it. Brokerage firms know how to handle risk for their own accounts, hedging holdings, for example, to iron out volatility instead of incurring taxable capital gains. Savvy individual investors can use the same techniques to protect themselves. This book shares the strategies of an insider to demonstrate how you can use the tax laws to your advantage. In plain English, this book explains federal and state tax considerations that investors need to know to make the most tax-efficient investment choices and to protect their portfolios form risk.. By the time they finish reading this book, investors will be on their way to reducing their "tax bite" to a "nibble."

Indispensable Advice for Investors:

• Discover the nooks and crannies in the tax code that you can use to your advantage • How to factor tax consequences into investment choices • Concrete exit strategies - disciplined loss harvesting can add nearly a percentage point to your annual after-tax return • The perfect investment for college savings • How to get money out of a stock without paying tax • Avoiding the double-taxation trap of personal holding companies • The quest for tax-efficient mutual funds • The right way to structure a portfolio for a tax-deferred retirement plan • Turning carryover losses into currently deductible expenses and capturing interest as a long-term gain • Watching out for the AMT - and other year-end strategies

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Product Details

• Hardcover: 258 pages
• Publisher: Bloomberg Press (November 2001)
• Language: English
• ISBN-10: 1576600882
• ISBN-13: 978-1576600887
• Product Dimensions: 9.1 x 5.8 x 1 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #315,815 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #42 in	Books > Business & Investing > Accounting > Taxes > Tax Planning
  #83 in	Books > Business & Investing > Personal Finance > Personal Taxes

Customer Reviews

Most Helpful Customer Reviews

11 of 13 people found the following review helpful:

5.0 out of 5 stars Excellent advice, November 30, 2001

By A Customer

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.

1 of 3 people found the following review helpful:

5.0 out of 5 stars A most helpful book for the involved investor, August 3, 2003

By A Customer

Good ideas on making the right choices between investment tools, stocks vs. options vs. funds..easily worth the money

4 of 8 people found the following review helpful:

1.0 out of 5 stars What a waste of time., May 5, 2003

By A Customer

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!