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Politics : Idea Of The Day

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To: Logain Ablar who wrote (15880)12/22/1997 8:53:00 AM
From: Riskmgmt  Read Replies (1) of 50167
 
Tim, Slightly OT

Give me your take on tax plannings impact on the market.

1. Are we through the tax selling for this year? I believe that individuals can sell up to December 31st and still take a loss for '97. Is it the same for institutions and if so, how do you see this playing out?

2. Do you anticipate selling early in January for individuals and institutions defering profits till '98?

3. When does the 401K money get put into the market?

My thinking on this is that, many investors have huge gains and probably have taxable gains for '97 and therefore will look to sell their losers by 12/31/97 and put off selling their winners till 01/01/98.

I know that this is your area and so would appreciate your professional opinion.

RePS you'd just luv it tonight, single digits with the wind chill
below zero).
Not too bad as long as you have a warm house and a warm body next to you. <GGG>
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