Invest in RIC's (Registered Investment Companies) because they do not pay income tax, must pass through taxable income to shareholders. Choose the companies with excellent, hard working investment managers providing the greatest yield. Purely a Buy, Hold, and Reinvest all income (all high yield) to increase ownership of the number of shares paying the income yield. Life long saver. Always lived below my means, preferring a nest egg to toys. Moved from saver toward investor by putting savings into money markets when the interest rate was at 18%. Later, focused on mutual funds plan to average 20% per year over any five year period. moved into stocks, working the William O'Neil, Investor's Business Daily/Daily Graphs plan to invest at break out. Focused in High Yield leveraged index issues requiring untaxed distribution of 90+% of income, i.e., Closed End Funds, Business Development Companies, and Real Estate Investment Trusts. Goal was to invest to earn distributions greater than my household expenses, and have exceeded that. All investments in retirement accounts, so tax is not relevant. Background in management, Army, Hartford Insurance Group, Roadway Express, a small home-use chemical manufacturing company, and, since retiring at 54, I am a long time seasonal tax preparer with H&R Block. BS @ FSU, MBA @ USC. Handle nonprofessionally nine portfolios for my self, family and three friends. Spend about thirty hours a week researching and working the investments. Am an absolute practitioner of the power of positive thinking, understanding that what I think about, my present state of mind, is what I create perceptually in my world and attract to me. Day by day, in every way, I'm getting better and better. I am a confirmed Bull, believing in the 16 year secular Bull market that began when the S&P broke through its old ceiling of 1558. Invest only in 2X leveraged income index funds invested in RIC's and individual top performers in each of the three RIC categories, which equates to a dozen approximately equal investments in IRA and Roth.