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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (8199)	8/29/1999 11:32:00 AM
From: Trebor	Read Replies (4) \| Respond to of 15132

One call I didn't understand yesterday was the guy who owns an S&P index fund and asked about shorting SPY. Bob said the IRS would frown on this, looking at them as "like" securities. Yet isn't this the same strategy Bob has been advocating in the event of a bear market? Also, it would only become a tax problem if the guy bought one and sold the other at the same time, or within 30 days, which I don't think is what he intended. And, of course, it would never be a tax problem if it took place in a IRA or other tax-sheltered account. Can anyone enlighten?