Tips on Successful Investing #10

This is the final in a series of 10 tips on successful investing.

While it may be true that in the stock market there is no rule without an exception, there are some principles that are tough to dispute. Over several weeks we are reviewing 10 general principles to help investors get a better grasp of how to approach the market from a long-term view. Every point embodies some fundamental concept every investor should know. Following is tip #10.

Be concerned about taxes, but don’t worry. (This tip obviously does not apply to church investors)
Putting taxes above all else is a dangerous strategy, as it can often cause investors to make poor, misguided decisions. Yes, tax implications are important, but they are a secondary concern. The primary goals in investing are to grow and secure your money. You should always attempt to minimize the amount of tax you pay and maximize your after-tax return, but the situations are rare where you’ll want to put tax considerations above all else when making an investment decision.
Conclusion
There are exceptions to every rule, but we hope that these solid tips for long-term investors and the common-sense principles we’ve discussed in recent weeks benefit you overall and provide some insight into how you should think about investing.

Royce

Royce L. Ruckman, CPA, AEP

Director of Investment Services

North Indiana United Methodist Foundation, Inc.

1001 N. Western Ave., Suite D, Marion, IN 46952

toll free 866-669-2327,  local 765-664-2327,

cell 765-661-6804

e mail rruckman@niumf.org

Visit our web site at http://www.niumf.org