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To: Seldom_Blue who wrote (7034)4/28/2000 1:24:00 PM
From: Ritch  Respond to of 8096
 
SB -

In the hindsight it was still better to sell off at the high and pay the darn taxes.

If I could see forward with hindsight, I would be a very wealthy individual. :-)

I was in the same boat as you, I did not sell because of tax implications. The problem is that by the time you see that you would have been better off, it is usually to late. By the time I saw that the selloff was going to become severe, the market was already down 20%. If I had sold at that point, I would have been behind where I am now.

I do not think that most people saw a 40% plus decline when this all started. To those that did, congratulations.

Ritch



To: Seldom_Blue who wrote (7034)4/28/2000 3:25:00 PM
From: Jill  Read Replies (2) | Respond to of 8096
 
Oh hindsight, Seldom...here's hindsight:

1) Why she asks herself did she not sell her Sept 55 NTAPs when they were ten baggers. She (i.e. me) particularly asked herself this at the nadir of the NAZ

2) Why she asks herself DID she sell her Sept 100s bought for 3, on a limit order when NTAP sunk down low...why did she sell them when NTAP was at 67. She could've done so today when it hit 74 intraday. And made even more $. Thank God, she thinks, she held onto the Sept 55s, both original and new ones purchased on the cheap recently.

Nothing like hindsight. So...as long as we've made a profit and are up from last year this time, I guess we've got to be happy. We can always second guess ourselves.

:-)



To: Seldom_Blue who wrote (7034)4/28/2000 5:29:00 PM
From: in_outdaily  Respond to of 8096
 
One of the best ways I've found to shelter my short term stock market gains is by owning rental real estate.

We depreciate the properties yearly which helps offset a majority of the tax bill.

Worked great last year; only paid social security taxes.

Bill



To: Seldom_Blue who wrote (7034)4/28/2000 5:50:00 PM
From: edamo  Read Replies (1) | Respond to of 8096
 
sb...try not to make a tax consequence a major point in deciding when and how to take profits....they can't take from you more then your profit...the market can take your profit and then some....better to pay a cap gain, then to accrue losses....

if you are trading, look at it as a business or a job....you would not walk away from lucrative employment based on the fact that taxes would be with held....profit is profit, be it small or large....