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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (2082)	4/24/2001 8:28:06 AM
From: Wyätt Gwyön	Read Replies (1) of 24758

IRA forces you into all sorts of contortions that make you a hostage of money. You won't benefit much if at all in the long run with it. I would say, on the trading or investing front, that people tend to get more contorted in a taxable acct and become a hostage of the taxman. So many have a big gain and don't want to take the "tax hit", so the market takes the paper gains away. People on Cisco thread brag of owning stock since 1990. I say so what, you lost 75% of your gains. In an IRA, I think it is psychologically easier to take the money and run, with only cost being spread and nominal commission. The above applies more to trading the greater-fool type stocks, where enormous gains can come and go quickly, and may not matter in a market where the best strategy is real LTBH investing in companies that are not destroying shareholder value with accounting tricks.

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