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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks
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To: Michael Dean who wrote (255)11/8/2000 10:48:03 PM
From: Jordan Levitt  Read Replies (2) of 548
 
Mike,

There is also one further advantage of investing inside an rsp versus outside. Should I need to re-balance my portfolio, sell something, want to switch to another investment, I do so with impunity (at least in the sense of taxation). I cannot begin to tell you the number of times I have seen people (myself included) hold onto too much of one stock or fail to re-balance their positions because of "taxes avoidus"
This is a little known syndrome that is all too common, and can lead to great pain. Just ask all those people who wouldn't lighten up on their Nortel !
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