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

To: Justa Werkenstiff who wrote (12394)	3/10/2000 9:30:00 PM
From: heavenly	Read Replies (1) \| Respond to of 15132

Justa, Can you direct us as to where you are getting such a great tax-equivalent return on your open and closed end munis. I sold my Vanguard long term California tax free muni fund that I have owned for several years because of its very poor performance. Thanks in advance for any direction on such great returns.

To: Justa Werkenstiff who wrote (12394)	3/10/2000 9:38:00 PM
From: Investor2	Read Replies (1) \| Respond to of 15132

Your reasoning on the municipal bonds sounds pretty good. RE: "I particularly like my position in municipals which I have been purchasing in both the closed end and open ended variety." I've owned a closed end stock fund, but never closed end bond funds. I'll have to think about the advantages/disadvantages of closed bond funds. Do you have a favorite closed end fund or family? Also, which one of your possible scenarios would a scenario like the stagflation of the 70's fit into? Best wishes, I2

To: Justa Werkenstiff who wrote (12394)	3/10/2000 9:40:00 PM
From: Investor2	Read Replies (1) \| Respond to of 15132

RE: "I moved to 97% cash and bonds today." Is that an agressive position or a conservative position? Think about it for a minute. Best wishes, I2

To: Justa Werkenstiff who wrote (12394)	3/11/2000 1:10:00 AM
From: Jeffrey D	Read Replies (2) \| Respond to of 15132

Justa:<<After moving to 85% cash and bonds a few weeks ago and cashing in on my long positions for the year, I moved to 97% cash and bonds today.>> So, what's the 3% in? Jeff

To: Justa Werkenstiff who wrote (12394)	3/11/2000 9:49:00 AM
From: MrGreenJeans	Read Replies (2) \| Respond to of 15132

Justa After moving to 85% cash and bonds a few weeks ago and cashing in on my long positions for the year, I moved to 97% cash and bonds today. Why not have hedged some of the positions? Taking gains invokes a 20% or 28% capital gains tax along with city / state taxes, in some cases, upwards of 10.5% an automatic decrease of approximately 30% on profits because your Uncle wants a cut. On very long term holdings with low cost bases the whole holding is taxed at such rates. One reason I have hedged instead of cashing out is I weighed the tax cost of cashing out vs. a decline of more than 30% and decided holding via hedging may be the optimal solution. Some holdings, primarily option holdings, I had to cash out of and I am now rewarded with paying heavy estimated taxes for the next year.

To: Justa Werkenstiff who wrote (12394)	3/11/2000 9:23:00 PM
From: Lars	Read Replies (1) \| Respond to of 15132

Justa, >>> Let's look at the possible scenarios and projected results: >>> Brilliant post my friend. BTW, this bidding thing is fun especially when you start creating new bidders. Hey can we buy ourselves?

To: Justa Werkenstiff who wrote (12394)	3/12/2000 2:15:00 PM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Re: '..Economic data coming out..' ..PPI/CPI out Thursday/Friday: usatoday.com