Ask the Readers: What Would You Say To A “For Income Tax Savings Only” Investment Portfolio?

Though I advocate against it now, early in my career, I made a couple of investments purely with the objective of reducing my income tax liability. These investments simply don’t fit in with any of my financial goals. That led me to this thought: a “for income tax savings only” investment portfolio.

You could put your National Savings Certificates (NSC), 5-year Fixed Deposits, Infrastructure Bonds, etc. — things you’re doing with the sole objective of reducing your income tax liability — in this portfolio. And when they mature, you could use the proceeds to augment whatever financial goals you have at that point in time.

What do you think?
[polldaddy poll=3915151]

Leave a Reply