This is an analogy I learnt from my manager at work. It aptly fits investing to save tax.
We should choose investment assets based on the merit of the assets. If the investment also comes with tax benefits, then that’s an added plus. If the investment asset is a cake, tax benefits are the cherry on that cake.
Only buy the cake that you want to eat. Enjoy the cherry if the cake comes with a cherry. But don’t buy a less than delicious cake only to get a cherry.
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| Picture by phiraphon srithakae from Pexels |
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