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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Art Bechhoefer who wrote (30794)5/12/2003 2:00:24 PM
From: James C. Mc Gowan  Read Replies (1) | Respond to of 36161
 
Art, thanks much for your information on the dividend tax scheme. BTW: I totally agree with the statement in your second paragraph, I don't like the concept because it gives tax protection to those who least need it.
But, in these times you do what you can to make a buck, given that Greenspan has pushed down MMfund rates to below 1% per annum, and the US equity markets are still ridiculously overvalued. So I go for foreign opportunities, for the high dividends and the exchange rate with the USD in freefall.
James