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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Lafayette who wrote (24429)	9/27/1999 12:29:00 AM
From: Sonny McWilliams	Respond to of 27012

L. Re: Why shouldn't I offset short term losses with long term gains? Well, is that not obvious? gg. Because long term gains are long term gains and are being taxed at 20% max or lower depending on your income. So if you have long term gains you may want to make sure that you not only have short term losses but also short term gains. It's not required. It's just an advantage to you. With cheap transaction costs it almost pays to make sure you sell some short term gains if you have short term losses when you sold long term gain stocks in the same year. You can wait until the end of the year to sell short term gains if you have some. You can buy those stocks right back if you want to. You can buy and sell stocks that have gains any time you want to without worrying about wash rules. Of course, you don't want to sell short term gains if they are almost long term gains. Confused enough now? gg. Sonny