Bill Wexler's Dog Pound Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Dog Pound

REFR 1.620

+3.2%

Dec 5 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JDN who wrote (6248)	1/21/2000 6:25:00 AM
From: Bill Wexler	Read Replies (1) of 10293

I'd go a little lighter on equities (maybe cut back another 10%), and the remaining equities I wouldn't overweigh in tech as much as you have. Tax consequences are the last thing I think of when buying or selling stocks. It's simply incorrect to state that the market has to pullback 20% to "get even" after paying cap gains on a profitable investment. I also think that the "I don't want to pay taxes" line is simply another fantasy along the lines of "I'm a long-term investor". The evidence is crystal clear that investors are flipping stocks at ever-increasing rates. The astronomical volumes on the exchanges and the explosive growth of deep discount and online brokerages tell me that we are not exactly a nation of Warren Buffetts.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next