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Episode 3547:
JL Collins shows how a market downturn can be used strategically to reduce or eliminate capital gains taxes while keeping an overall investment plan intact. By shifting assets between taxable and tax-advantaged accounts, he demonstrates a practical, disciplined approach to preserving wealth without trying to time the market. It’s a clear example of turning volatility into opportunity while staying grounded in long-term investing principles.
Read along with the original article(s) here: https://jlcollinsnh.com/2020/03/09/taking-advantage-of-mr-bear/
Quotes to ponder:
"You play the cards you are dealt not the ones you wish you had."
"Money you intend to spend in the next five years or so is best held in cash, which is what a money market fund is, or bonds."
"Act too soon and we miss out on extra wandering. Wait too long and I might not have the energy left to easily make the transition."
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