In this short blog post, I’m going to give you one more reason to invest for the long-term: to avoid taxes.
This is not an original idea of mine. Indeed, it’s widely known and has been for a long time. But it’s so important, I want to write it down in my own words here.
Also, if you are investing in an ISA or some other CGT-exempt account, then this concept is perhaps less relevant for you. This concept is relevant for everyone who is liable to pay capital gains taxes (CGT).