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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (19827)	10/11/2004 1:11:30 PM
From: Paul Senior	Respond to of 78744

My tax lossing strategy about the same. Continuing now to be takimg the more valuable short term losses. For several loser positions held less than a year, rather than selling with intent to buy back 31 days later, I'm adding to the position now and intending to sell the earlier purchases (losing lot(s)) in 31 days. Like you, I'm working loss sales now so that I can still be in some of the positions in December to see if they might participate in a year-end rally. Fwiw, invariably I have much more dollars in long-term cap gains (1yr & 5yr) to be taxed than I have net short-term gains (i.e. short-term gains minus short-term losses). Only some of that is because I am looking to reduce taxes by taking losses early (less than 1 year holding). More likely, it seems I'm trading stocks and not doing well at it -- my short-term losses are larger than the short-term gains in many years.