Stock
I have over 100,000.00 in a stock market account. It’s done well but I would like it to do more than pay a dividend. How can this be done without selling the stock and paying a lot of taxes.
Terry Says
Well, you don’t sound sophisticated enough but if you have a good, smart stockbroker, you could write call options against the stock in your portfolio. That would generate more income — but leave you with the risk that you stock could be called away at a higher price.
Or if you want to invest more aggressively, sell some of the stocks and buy riskier ones –knowing that they might lose money as well as giving you the possibility of bigger gains!
