as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
if i want to have a low risk portfolio how do i avoid ordinary income treatment from products like savings and mm?
user
you have a number of ways to minimize taxes on investment gains, ranging from the behavioral to tax-advantaged accounts to efficient use of the tax code. here are seven of the most popular:\n1. practice buy-and-hold investing\n2. open an ira\n3. contribute to a 401(k) plan\n4. take advantage of tax-loss harvesting\n5. consider asset location\n6. use a 1031 exchange\n7. take advantage of lower long-term capital gains rates.
assistant