Hey Gang,
Please, please, what is all this talk about selling some of your stock in order to get income and then something crazy about taxes, geez, you are stressing me out. You want no income and yet want income?
Solution, much easier and this way you won't stress me out.
1. Call your broker tomorrow morning and establish a Margin account if you do not already have one, I know, I know, just settle down, we are not about to go nuts with margin.
2. Tell them to send you some check books, lots of them.
3. Tell them to send you a credit card.
4. as your great investment QCOM gathers steam and keeps building up equity just simply write a check on the appreciative equity in your account. No taxes, No short term capital gain, and who was it that said they wanted no income so they could be on the poverty level.
Never give away your Vehicle if you do not have to and why give Uncle Sam a buffet. If you keep all your shares, they will always be there to write calls if one ever needs to. If the appreciation in QCOM is just one tenth of what I expect, you could probably do this for the next ten years or forever.
happy tax season,
V |
