How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.46

-1.7%

3:59 PM EST

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To: PMS Witch who wrote (28841)	8/29/1999 5:54:00 PM
From: t2	Read Replies (2) of 74651

OT PMS Witch, You mentioned tax reasons for not trading. I forget that part of the trading puzzle and it is a significant part. Strangely, i have never made an investment decision based upon tax reasons. I have never even considered it. I got used to trading in the tax sheltered RRSPs. That is where i made my money with mostly Microsoft call options. Unfortunately, I have developed a bad habit of not considering tax consequences even in a trading account (which is only about 1/10 of the RRSP account). It would not surprise me if Revenue Canada considers my trading "business income" rather than "capital gains" simply due to the number of transactions (i am treating them as capital). I am just thanking you for the reminder. I think I will try to structure my trading account to avoid a bigger tax bill in the new year. Might even be a good idea to sell covered calls just to avoid having to dump stocks when a bad market is anticipated. Good Luck with your investing.

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