PSFT - Fiscal 1998 - Discussion for the next year Message Board

STOCKTALK

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 : PSFT - Fiscal 1998 - Discussion for the next year

PSFT 0.0001000

0.0%

Oct 29 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Melissa McAuliffe who wrote (150)	3/6/1998 6:04:00 PM
From: Chuzzlewit	Read Replies (2) of 4509

Well Melissa, I must 'fess up to the cause of my euphoria. I have a traditional IRA with lots of high beta stocks including PSFT, DELL, TLAB, NETA etc. I did some exhaustive analysis on whether to convert to a Roth, and discovered that I'd be a fool not to convert. However, the tax bite over the next four years will be huge! This has put me in the strangely ambivalent position of being happy regardless of what the market does. If it tanks my tax bill goes down, and hey -- I know with good quality stocks it'll be back. And if it goes up I can sing "We're in the money ...". Of course, I'll need a second mortgage to afford the taxes (and the interest is tax deductible). Regards, Paul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next