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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (27121)	1/8/2003 2:17:24 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

Well, that indeed would be stupid IMO. Did you read my last post, roll your taxes forever. You can also always do strategies flipping gains and losses from long to short and stuff. * Suppose you have gains in S&P stock XYZ and want to sell badly but don't want to pay taxes right away. You simply don't sell it but do a XYZ/S&P [or whatever] swap to eliminate your XYZ risk. Swap your risk into T-bills or whatever. Sure the fees are fat, but you get to get fat too! * The IRS supposedly doesn't allow you take profits on a position without paying ST rates if that's when you hedge... but everyone knows they never check, and the rules are also open to much interpretation and many accountants are very aggressive. You own a stock and want to take a profit, you sell a call and buy a put, and if it's not the same strike you're supposedly safe. * All wealthy people have nice FAT retirement accounts from purchase/pension/KEOGH whatever.. you can really sock away some coin! Nicely, they are separate from 'your' assets... so when you want to take that tax loss in your regular account you can just put bids out in that retirement account and whack them. It's not 'yours' it's for 'your benefit'. You don't have to wait 30 days like the 'little people'. At least this is the stuff aggressive accountants have been doing. Not really up on loophole closures lately. dAK