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Technology Stocks : America On-Line (AOL)
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To: Vendit™ who wrote (10854)4/15/1999 7:07:00 PM
From: RocketMan  Read Replies (1) of 41369
 
Here's another way to look at it. If you try to time the top, and even if you get it right, you will have to pay around 33% to 35% or more on your short-term gains instead of 20%. So you not only need to time it right, you have to get a 15% correction or so just to break even on your sale. But if you let it ride, and get long term cap gains, you not only save 15%, but you will be paying that tax over many years (hopefully), as you withdraw the money to pay for retirement or whatever. In the meanwhile that money keeps growing. This is not to say that if a company's fundamentals turn negative you should hold, but to sell and make money during market corrections you have to be smart, quick, and LUCKY.
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