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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: LLCF who wrote (38840)4/25/2007 9:45:28 AM
From: AuBug  Read Replies (1) of 78421
 
Unfortunately it's the IRS that defines long term as a year and a day. Even though the tax savings are nice when one has LTGCs instead of STCGs the potential market loss can easily offset those savings. I would think mutual funds should provide a good vehicle for one desiring long term but the government has destroyed that as well by making people pay taxes on fictitious gains, so I won't use those vehicles. I sometimes see examples of stocks whose long term dividend payouts eventually pays for the original purchase and pays a nice income, that's why I like the tanker stock FRO so much. I wonder why producing metal miners don't pay better dividends? E.g., when Barrick removes their final hedges they would be in a good position to pay higher dividends but I doubt they will.

I think the constant barrage of data and information provided by today's information superhiway gives everyone attention deficit disorder. Volatility is the name of the game.
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