Folks the cliff is coming, but this country will not go over it...But we know a few things. Taxes are going up, but not for just the rich. Oh sure it will be reported in such a manner, but the fact is many taxes will go up and they effect many people. Capital gains will go up along with a dividend tax. What does that mean? It means every time a stock owned produces dividends it will be taxed and there are millions of people holding such stocks.
As always we can argue the merits, but not here. I would suggest if you hold a high paying dividend stock, sell it! If you don't, stay away from them. Instead look at commodities as the prices are sure to stay high with the dollar low.
Also, keep watching CNBC, FOX Business, Bloomberg.com, Money. come etc. Read them, analyse them, but never, never take them for the gospel.
Good luck and happy investing.
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