Yup, ten percent does not seem like a bad
penalty at all. I double checked that with
the tax accountant, and between the modest
penaltly, and withdrawing only enough to live
on, keeping me in a low bracket, well there
should be no reason this isn't doable.
(No, I did not convert to Roth last fall, whoops)
Unless of course everybody rotates out of biotech,
all just paper gains, I could certainly end
up crying in my beer.
I also went over my Feb statement today, see how
much I hurt myself with the churn. No penalty
that I can see, so far it is a wash this year
between churning and an unmanaged portfolio.
Of course now I am comparing apples and oranges
from here on out...
The unmanaged porfolio has tgen, gzmo, and kdus
as the largest positions...while glia and cnsi
are actually my largest holdings right now in the
real world...plus there is pharma in my real account
now.
It will be interesting to see if pharma drags down
performance, or if it provides a cushion if biotech
gives a bit more back.
Gosh, with Feb a wash for churn vs handsfree, I really
should see if I can do no more trades through the rest
of March. Plus each day I spend with the stocks, is a
day I'm not getting on with the rest of my life.
But with the constant feedings, diapers and such, no
need to put any big plans into effect. And Greenspan's
main job is keeping the classes in their respective
slots right? If he can kill the techstock market, and
my shares go down the toilet, his mission will be
complete. There is a certain amount of new wealth
that is tolerable--all the Inet money from last year,
but you don't want too many young guys like me
leaving the work force to become professional
students and such.
The Saga continues...
<g> |
