Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (2547)	5/13/1998 10:13:00 PM
From: Carl van Rooyen	Read Replies (2) of 25711

Regarding long term holding...just in case any of the savvy investors on this thread aren't aware of the tax structure set up last year...selling out your initial cost and riding free shares for at least 18 months lowers your tax rate on capital gains (when you do sell and show a profit on a specific equity) from 28% to 20%, a significant savings. For those in the 15% bracket, the little old ladies, it becomes 10%. Excuse me if everybody knew this, just a reminder that an 8% savings on a 4 or 5 or 10 bagger can be serious money. If you can possibly afford it, go long term with the house money. BTW, rates are applicable to investments as of 7/29/97. I hope this helps at least somebody. Of course, this all applies to investors; you traders are just showing ordinary income. And lots of it I hope! Regards, Carl van Rooyen

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