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To: PAL who wrote (49964)	11/15/1999 2:54:00 AM
From: Bux	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. I don't want to beat this to death, but I'm not saying "taxes should override good decision" but that tax consequences should always be considered when making investment decisions. I also provided an example that illustrates a common investment mistake. It doesn't mater if one day elapses between the buy and sell or three months, the principle is the same. There are a lot of naive investors that are scalping a few points here and there and proudly claiming "Hey, I made $740 today!" or whatever the amount may be but they fail to consider that $740 gain may have caused a taxable gain of thousands of dollars for which they will need to sell stock come March 15. That's not how you get compounding working for you. Bux