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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (26514)7/18/1999 1:10:00 AM
From: ed  Read Replies (2) | Respond to of 74651
 
Sure Mr DuPont can retire if he held MSFT long enough and had a holdings of more than 1MM shares after all these splits.
He may sell 200 shares a month with a total of 2400 shares per year, and at the same time his holdings continue to double after each split and his valuation continue to double after MSFT catch up the price before the split. The tax he pay annually is the profit he made from the 2400 shares he sold every year. So, why can't he retire ?



To: Dwight E. Karlsen who wrote (26514)7/18/1999 11:16:00 AM
From: Norm DuPont  Read Replies (1) | Respond to of 74651
 
You are absolutely right. I was not specific enough in that part of my post. The real story is I can't bring myself to sell Microsoft yet, so I'm selling Cisco and others. But I'm only paying the 20% capital gains tax rate instead of short term tax rates.

That was the point I was trying to make on taxes..


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