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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (12425)4/8/2001 8:08:57 PM
From: mishedlo  Read Replies (2) of 13572
 
You are never going to make real money in the market going in and out and paying taxes on it. There is only a few zeevs in this world. Over time, I'm convinced that market will be higher then it is today.

I thought that you yourself said that tax consequences should be ignored in investment decisions.

I am 100% positive you said something to the affect that the more taxes you are paying the better you must be doing.

As for being positive the market will be higher, well I agree "given time". But I waould rather pay the taxman than watch the market go sideways for 5 years. And I fully expect the market to do just that.

So... Either way if you are not taking profits they will likely vanish. I can not think of hardly any stocks that I would be willing to shut my eyes and hold for a year.

Finally how does $cost averages reconcile with your stop loss max at 15% or whatever it is. Are you now saying $cost in and TO HELL WITH S/Ls?

M
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