The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: AUrush who wrote (65433)	10/12/1999 2:07:00 PM
From: jas cooper	Read Replies (4) of 90042

CNBC/MSNBC did a piece yesterday (I'm sure it will be on several times again) on a California study that compared buy-and-hold strategies to more frequent trading. Although the basis of their findings may be a little skewed, the fact remains that people tend to do less research on stocks that they plan to hold short term. In 1997 I made about 500 trades. In the end, all it brought me was a higher tax rate, and much more time preparing income taxes. For every short term trade I made that benefited me, there was another that went the wrong way. Now when I go to sell something I ask myself if I have a legitimate reason. If not, I let it ride. Online access, and dirt cheap commissions make it all to easy to pull the trigger. How many people who buy 50 $2 lottery tickets every week would buy one if they were $50 apiece?

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