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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (5256)	3/12/2001 11:58:23 AM
From: Oral Roberts	Respond to of 15481

The fund holders won't be happy paying taxes on a down year after having received a "distribution". It can be worse. I have a friend who sold out at almost the top last spring. He has been nearly wiped out by picking the bottom and using margin (did the same thing myself but not to his extent). He still has more gains then loss's because he didn't take the loss last year and is still holding. He will be negative when he has to sell everything to pay his cap gains. I think he said that he can't even get it back next year because you can only take 3k worth of loss on income and he won't have any gains as he has no money to invest.

To: MulhollandDrive who wrote (5256)	3/12/2001 12:10:29 PM
From: Diana	Respond to of 15481

<<The fund holders won't be happy paying taxes on a down year after having received a "distribution". >> Re a family member (Gov't muckety-muck, stationed overseas with diplomatic housing and servants + hardship pay, single, no kids, in 50s) who has no investment savvy but has fat Govt retirement plan: Pissed about loss in tech funds AND having to pay big IRS payments has moved all holdings to tax free fund. Now imagine this multiplying all over the Fund business plus the margin calls for active market players. Seems we may still be dropping down the Rabbit Hole. . .