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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (51300)	8/30/2001 6:28:17 PM
From: daryll40	Read Replies (1) \| Respond to of 70976

Brian, you make a good point about less people "fishing" for tax losses to offset gains (which they don't have!). However, I will tell you that most of my portfolio is in indexed investments and I've been flipping them all year, locking in losses to use against future gains. For instance, I've flipped QQQ against XLK and back. They are dissimilar securities but have similar performance (this year, just down!!!). Same with SPY and VTI...one is the S&P and the other is the Wilshire. Not EXACTLY the same but similar enough. If all goes well and the world recovers from this hell in a handbasket, markets will again someday flourish and LTBH investors may never have big losses again to lock in. By NOT doing so now, it's an opportunity missed. A lower basis is not a problem if you plan to hold the investment forever or until you die, whichever comes first. That might not work for individual stocks which are subject to changing eras, but for major indicies basis it's fine. Daryll40