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Strategies & Market Trends : From the Trading Desk

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To: Don Green who wrote (2263)	1/9/1998 9:23:00 AM
From: SE	Read Replies (1) of 4969

"I decided for tax purposes to hold thru year end and try to sell on a new years rally." Guess I don't see the "tax purpose" reason. Clearly what you did was correct for you as you made money. Bottom line is to make money, not make a financial decision based on tax purposes. Too many decisions are made for tax purposes. Not enough for strong financial reasons. Remember, taxes are only 30% (roughly)...whereas a profit or loss is 100%.....70% still is in or out of your pocket. Seems to me the reason you held was simply to take advantage of the new years rally and it worked. I guess I don't see the tax purpose reason at all. If you were up at year end and decided not to sell and pay the tax, it worked out OK for you as the stock apparently went higher. However, it could also have gone lower. Make the decision based on where the stock is going to go over the next day, two days or whatever your time frame is and not becuase you did not want to pay taxes. If you felt strongly that a new year's rally would occur, that was your reason for holding and taxes were an afterthought. You could easily find yourself further behind by attempting to save a few bucks in taxes. GO PACK GO! -Scott

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