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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.99+1.3%3:08 PM EST
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To: Monty Lenard who wrote (35428)5/11/2000 9:10:00 AM
From: GVTucker  Read Replies (2) of 77397
 
Well, I wouldn't go so far as to be indifferent as to LTCG vs STCG. After all, let's say you have held a stock for 1 year less 1 day. It's hard to argue that you wouldn't be better of holding the stock for 1 extra day to drop the tax liability in half. Usually I don't worry about this issue unless a stock is within 1 month of a change from short term to long term; then I begin to incorporate it into my buy/sell decision.

OTOH, using your example, the person who supposedly saved $8 in taxes really saved even less, because the taxes are not paid when the stock is sold. If CSCO was sold today, the taxes wouldn't be paid for another year, thus you could discount that $8 back a year. At a discount rate of 10%, now that savings goes back to only $7.20.
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