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  • Farrell: First 'real' job prompts questions about investing

    QI'm 26 now and just got my first "career" job. So I've been thinking more about investments. I have a macroeconomic/fiscal cliff question for you. While I intend to invest in the way that's best for me, if I were being completely unselfish wouldn't bonds be better? After all, sales of stock (other than IPOs) just shift money from one investor to another and sap money from corporations through dividends. Things like municipal bonds, on the other hand, can result in necessary infrastructure being built. Especially with talk of changing the capital gains tax rate, it seems like it would be easy enough to raise it for stocks but leave it at 15 percent for bonds, and indirectly promote huge private investments in infrastructure.

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    Updated Dec. 22, 2012

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