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.
Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 250.47-0.3%1:54 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: niceguy767 who wrote (38885)5/10/2001 2:34:42 PM
From: bacchus_iiRead Replies (1) of 275872
 
RE:"Yeah...They look that way right now...Let's hope they look real cheap in about 2 weeks time!!! "

Maybe but you know me, I don't like playing the greater fool theory. And I don't like being on the buy side of option, specially when they are expensive.

I'm more conservative these days and allocate very little Vegas money in my portfolio after having been scalped by the tax-men.

I don't know well how other Canadian fellow on this board did in 2000 but I guess many really suffered tax-wise in 2000.
With the year starting at 75% gain taxable, then 66% in spring, and finally 50% in summer, the big problem for "silicon-investor" is that big profit were taxed at 75% and big loss at second half of 2000 could cover gain at only 50%.

For example, an early gain of 1 million in AMD at the beginning of 2000 followed by a 1 million lost in Autumn would result in having to pay income tax on 250,000 even if you didn’t make any money in the year. It's not unlike ATM in USA except that ATM apply to a minority while the Canadian case apply to about any "Silicon-Investor" (save LT buy and hold investor).

Personally I didn’t lose all my early 2000 gain, only 1/3 of them, but this unusual situation in rapid decreasing taxable gain did affect my tax bill quite a lot.

Like many have related, specially scumbria, AMD go well always in the wrong time :-(

Gottfried

PS: corrected a little
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News