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To: Bux who wrote (49873)	11/14/1999 3:39:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 152472

Have to agree with you on this one, Bux. While nobody is likely to argue that taxes should be the only sell consideration, I'll say it would line up pretty close to 50/50 in a taxes matter/taxes don't matter poll of the general investing pop. << The lowest risk/highest reward path to fantastic wealth is letting your gains in excellent companies compound year after year. >> And might I modify that slightly to add: ...letting your gains in excellent companies compound year after year and deferring the payment of taxes on gains as long as possible. A very profitable combo. ......VVVVVVVVVVVVVVVVVVV

To: Bux who wrote (49873)	11/14/1999 3:55:00 PM
From: Jimmyjohn	Respond to of 152472

Excellent post Bux. I couldn't agree with you more. Tried trading short term a few years ago and is not worth it in a taxable account. Now when I trade it is only in my IRA. All my Q holdings are in the taxable account and I have held on for a long long time. Facing the payment of taxes on profits has encouraged me to avoid trading the Q shares, so indirectly the tax man has helped me hold the course.

To: Bux who wrote (49873)	11/14/1999 4:05:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 152472

Sounds good, Bux. Now just point me to the stock that will appreciate 50% per year for 5 or 10 years. -g- In fact those that do so "on average" have 50% fluctuations during a year and can go months at level or down, followed by a 100% increment in a week, etc. Try investing in SGI by your "tax efficient" method and you have diddlysquat. Greg

To: Bux who wrote (49873)	11/15/1999 2:42:00 AM
From: PAL	Read Replies (1) \| Respond to of 152472

Of course there are special cases that might come into play like if the difference is just oine day to make it short or long term gain, and the outlook is just the same for those two days. Nevertheless, in general taxes should never override good decision in investing.