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

To: energyplay who wrote (65297)	6/21/2005 8:47:28 PM
From: Seeker of Truth	Respond to of 74559

Thanks, EnergyPlay. I"m surprised more people aren't talking about when to sell because lots of posters to this thread have been investing heavily in energy stocks for a considerable time so we all must be noticeably richer than before. Your comment "you need to be accustomed to the fact that you will be selling early or late" is very helpful. My experience has been that "somewhere for the money to go" is often either multiple or zero, i.e. the various bargains tend to be simultaneous but it certainly wasn't true at the height of the tech boom, as you point out. Blindly groping around I have done very well with ITU and HDB, developing countries leading banks. That could be a major area to park lots of money. Biotech is REALLY high risk. A brilliant idea is born! but too often many drawbacks pop up. These drawbacks have little or nothing to do with the original bright idea. Physical real estate,self or group owned, may be more profitable than stocks. About taxes, US people can pay as little as 15% on capital gains so selling is not so serious as for Canadians. Here the capital gains taxes can be 25% depending on the province and the investor's tax bracket.So the strategies may differ somewhat.