Quiz on Lesson ” Warren Buffett’s 2nd Rule – Understanding Capital Gains Tax “

What is Warren Buffett’s second rule of investing?

A) A stock must have short-term prospects

B) A stock must have long-term prospects

C) A stock must have high dividends

What is the difference between short-term and long-term gains in investing?

A) Short-term gains are taxed at a lower rate than long-term gains

B) Short-term gains are profits made on investments held for over a year, while long-term gains are profits made on investments held for less than a year

C) Short-term gains are profits made on investments held for less than a year, while long-term gains are profits made on investments held for over a year

How can investors take advantage of lower tax rates and sustained earnings and growth of a company?

A) By selling their stocks as soon as they make a profit

B) By holding onto their stocks for longer periods and taking advantage of lower tax rates on long-term gains

C) By investing in companies with short-term prospects

Quiz on Lesson ” Warren Buffett’s 2nd Rule – Understanding Capital Gains Tax “

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