but I thought the rich don't pay any taxes
Well, the end of the year is looming which means that start of next year is right around the corner. Time to max out the Roth again soon. I think what I will do is simply add to the positions I already have(16) versus buy more. I might buy another petroleum company because I'm tired of seeing OXY in the red after nearly 2 years, but I'm going to run the numbers and see where I am with it because I have been collecting decent dividends off of it the whole time too. I'm going to do that with all my positions so I can get a better idea of who is working the best for me.
I'm leaning towards adding more to the stocks that are paying better dividend percentages versus gain percentages. My thoughts are that the dividend is almost guaranteed money where as the gains might not be since the stock price is way more fickle than the dividend payment. Is that an ok way to look at it or should I be more concerned with the overall gain? I consider myself to be more in the growth mode right now. I would think going after the payments would be a more sound growth mode strategy since the payment is almost guaranteed.
Also, do I need to be seeking out just a normal CPA or is there a particular type of CPA I need to find in order to not only answer the questions I have about my investments and the taxes owed, but also do my taxes so I don't end up paying what I shouldn't? I'm thinking I shouldn't have had to pay taxes on my KMP position since it's under my Roth IRA but I don't know and would like to know and be more certain about my taxes. I've got other positions I might be interested in but don't want to get involved without having the proper guidance.
Thanks