2nd Rule: A stock must have long term prospects
How do we identify a company with long term prospects?
Predicting which company's will be around in 30 years is impossible, but one's that won't be around are easy to predict.
Why do we want to invest in a long term company?
- Sustained Earnings
- Taxes
What is Capital Gains Tax?
What is the difference between short term gains and long term gains?
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