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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (4632)	2/22/2000 8:00:00 PM
From: uel_Dave	Read Replies (1) of 35685

Thanks Voltaire. I like QCOM, however as per my PM to you, I have too much in my tax sheltered accounts. The Canadian Government ( Rev CDN ) taxes me 1% any amount over the 20% booked amount in our equivalent IRA/401k. I will either write CCs to offset this punitive tax or sell my QCOM common shares and buy JDSU ( which is considered CDN content ) and the other 20 to 30% buy QCOM leaps or calls. The tax is a small, but more of a nuisance, hopefully the foreign content rule for registered pensions will be raised to 30% or higher in next week's budget. I cannot even buy great Canadian companies like PMCS, even though it has 99% of the people in BC, Canada; it is incorporated in Delaware. Therefore that only leaves a few great companies like Nortel Networks and JDS to invest in Canadian pension plans. I will still ponder your statement about improving people's lives with the CCs. I still have not thought about writing CCs against the QCOM shares that I have outside my RRSP (your IRA /401k )or other common shares. Thanks again, glad you are feeling better, David

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