LGOV - Largo Vista Group, Ltd. Message Board

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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd.

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To: A1 who wrote (2758)	12/23/1998 9:06:00 AM
From: lou debiase	Read Replies (3) of 7209

RE: YEAR-END TAX WRITE-OFF Lets say you make $50000 a year from your job. Now you bought 50,000 shares of Lgov at a average of .25 ( $12,500 ). Now because its the end of the year it's most likely not to have another run-up so you sell (YOU Sell FOR AS LOW AS YOU CAN) Why! Because: your 50000 shares are now worth $5500 at .11 to sell. now take 12500-5500 and you have a $7500 write off. your salary 50000-7500 loss = 42500 to be tax on. saving you ($2500) in taxes paid for 1998. Now remember you still have $5500 to invest Now you reinvest at any time (while its down) YOU BUY 42000 SHARES AT .13 (5500). now your in better postion for future run-up. AND THE BONUS IS YOU SAVED 2500 IN TAXES FOR 1998!

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