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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: alankeister who wrote (24727)	5/14/2000 11:56:00 AM
From: Mike Buckley	Respond to of 54805

A lot of people think when they sell, they lose 20% of the profits to cap gains. That's really just the beginning. That 20% compounded could be a whole lot of money in 10 years. Once you pay Uncle Sam, that money doesn't have a chance to earn you more. Exactly. Thank you, Alan. --Mike Buckley

To: alankeister who wrote (24727)	5/14/2000 1:20:00 PM
From: shamsaee	Read Replies (1) \| Respond to of 54805

I think the same argument can be made for the benefits of selling.Take purchasing of a 1000 shares of stock x for $50 dollars.It runs up to 150.Then it goes back to 75. Option 1 Buy and Hold USD 75,000 value Option 2 Sold at 100 Sale value USD 100,000 Taxes USD 15,000 Value of holdings USD 85,000 Sold at 125 Sale value USD 125,000 Taxes USD 22,500 Value of holdings USD 102,500 Given the above example,I would be happy to give uncle sam 30%. BTW I don't pay taxes at all being a foreign investor.