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> Now, just wait, ideally 10+ years, before looking into your account again That might not be the best idea because of escheat. Here's a story about someone wh
by choward 5y ago
> Now, just wait, ideally 10+ years, before looking into your account again
That might not be the best idea because of escheat. Here's a story about someone who didn't check on their stocks for years and the state claimed them. https://www.npr.org/transcripts/799345159 https://www.npr.org/transcripts/799345159
- lisper 5y agoIt is also wise to look at your accounts at least once a year because some of your investments might pay dividends that you have to report on your tax returns.
- cehrlich 5y agoFor most major ETFs there are accumulating versions that automatically re-invest any dividends into the ETF. A good choice for the lazy investor IMO.
- lisper 5y agoYou still have to pay taxes on those dividends in the year they are paid.
- klipt 5y agoIn America, yes. The person you're replying to seems to live in Europe. I believe in many European countries there's no tax on accumulating ETFs that reinvest dividends, until you sell them and realize the capital gain. In a way this erases the tax efficiency difference between dividends and buybacks.
- melenaboija 5y agoThe poster says buy S&P ETF and walk away not stocks.
- shoto_io 5y agoGood point... I meant don't touch them :)