Gains refer to an increase in value or profit.
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The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
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Earning more will do little for building wealth if every extra dollar is offset by a dollar of new spending.
Wealth has less to do with your gains and more to do with your ability to leave gains alone without cashing them in.
A taxable event is a transaction or activity you're required to pay taxes on.
One is when the shares increase in value (and you profit when you sell), the other is when they pay dividends.
Dividends are a bit like interest on a savings account. If a company makes a profit, it gives some of it back to you.
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