Sonny Re: INTCW/conversion
Good morning from snowy Bucks. Co., Pa. Understood conversion price stays the same, but if exercised, and Intel up 10-15% at that pt., then when we change over to Roth, the asset value is taxed @ 30% "+". All I was trying to suggest was a nice window of opportunity for '98( w/ 4-installment plan) due to the tough last quarter. AGI limits may affect 4-payment rule. 30% more in taxes on 15% appreciation before converting to Roth could be a nice piece of change.
Week or so ago, caught the last of the bulls, Joe Battipaglia from Gruntal, who echoed my remarks previously (See the following
siliconinvestor.com that Mr. Greenjeans is behind the times, and should cut short-term rates. the yield curve is not just flat, it will invert, and long term lending will be pointless. For years we've heard the idiots talk about fears of inflation, now its deflation, but short-term rates are way too high, and there's always an excuse to not act. (Not politically correct to hit Alan G., he has no political will to do the sensible econ. thing, and Clinton's allies will not go along IMO). Since Battipaglia said the same thing- I will insist on royalties from CNBC and share the wealth with the Wealth board posters- We can use it <GG>.
Happy, healthy New year to you and family.
Kind regards, Royco
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