Mike:
I would like to continue to pick your brain (and others'??) with respect to strategies, especially in view of ports that have suffered losses, including mine.
I have appreciated the general discussion comparing TA with LTH strategies, particularly your willingness to share your own thinking.
How about addressing tax issues? Understanding perfectly that one cannot time the market, but knowing that everyone considers one kind of metric or another to make decisions about buying and selling, does the following scenario come into play with any of the experienced ones on this thread?
Hypothetically now, if one bought QCOM for 150 LESS THAN A YEAR AGO (just assume no splits occurred), sold during the big correction in April for, just say, 100 having a sense the stock would tank even more using whatever methods one uses for this kind of decision. The deliberate selling strategy here is that one would take the loss for tax purposes, then buy back in at an "appropriate" time at least one month and one day later. Having done this, one would be back in at or near the same investment level (in the case of Q, for even less) ,and STILL IN A LTH mode, but having benefited from the "loss" that one can use for tax advantages next year.
I'm not sure this is an appropriate way to analogize the issue, but hoping you get the sense of the question, I would appreciate input.
Sorry if this is stretching the OT issue too far.
Personally, so far anyway, I have just held, period!
rudy |
