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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (10558)8/8/1999 10:50:00 AM
From: xcr600  Read Replies (2) of 57584
 
At what point, on long-term stock holdings, is it advantageous to give up on the capital gains tax advantages by holding through the year, in favor of taking profits, re-loading at a lower price and just paying Uncle Sam the extra tax?

I have this same debate with myself over core holdings such as MSFT and LU. For the most part, they trade nicely on technicals so re-entry would not be all that hard to time. In hindsight, it looked like paying the taxes when MSFT was at 100 would have been the way to go.

I am not an options person, but one could write some covered calls to protect the long position and at least come away with the premium.

A friend of mine who works for Merrill advises against trading core positions. Says most aren't disciplined enough to put those dollars back into that specific stock when they should. Hard to imagine a broker not recommending trading! They like the churn.

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