How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: ToySoldier who wrote (9410)	7/17/1998 10:58:00 AM
From: xstuckey	Read Replies (1) of 74651

"Make sure in your will that you request that the stock be buried with you." Toy, I believe you have jokingly hit upon the true master plan. First off, when the third car in the procession is a Brinks truck, no one will care whether it is carrying stock or cash. A much to be admired gentleman named Humble Carl Mehr suggests that you never sell a share of anything and just live off the margin as the account grows. As I painfully become more and more aware of the tax consequences of selling/trading stocks, the more I am inclined to agree with Humble Carl. Being right rapidly becomes secondary to tax questions when your goal is to create real wealth. For example, when you book a long term gain, the first thing that happens ( way before you get to the tax rates ) is that most of your deductions are disallowed because of excessive income. So, in effect, most of the money that you would have deducted, you now get to pay taxes on at ordinary rates. Best Trading, X

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