SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ahhaha's ahs

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wyätt Gwyön who wrote (2134)4/24/2001 12:46:24 PM
From: ahhahaRead Replies (1) of 24758
 
My point is people may make more rational decisions (profitable sell decisions, anyway) in an IRA because they will not worry about tax considerations in selling bloated stocks.

contradicts your earlier claim:

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.

And then this claim:

In an IRA, I think it is psychologically easier to take the money and run, with only cost being spread and nominal commission.

contradicts this one:

Besides, not being taxed till withdrawal is kinda nice.

Your contortions prove my point which wasn't actually what you believe it was, but rather that not being taxed 'til withdrawal is an illusion and is not kinda nice.

You'll never miss the tax you paid in the past, but you will benefit from money that is unencumbered both at the end and in the interim by a structure that corrals you're flexibility. The complexity of the rules governing IRA or any such programs preclude their usefulness, and carry a lot of nasty surprises that cause resentment to accumulate over many years.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext