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To: Mark Marcellus who wrote (6262)1/24/2000 5:28:00 PM
From: Graeme Smith  Respond to of 10293
 
I agree my example was a vast oversimplification. I was just trying to make the point that a 20% drop in the portfolio is more of a loss (since you still owe the tax) than covering it and paying 20% taxes. Whether it will drop 20%, or keep going up, compounding your profits is a different matter. Hopefully the latter.

Graeme