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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6344)	5/14/2006 11:22:37 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217679

TJ, I can't see how I could have earned more from gold in this calculation because you seem to have allocated a LOT more money to gold than QCOM. I suppose you mean I could have geared up to 16oz of gold. I could have geared up on QCOM too. <May 23rd, 2002 => USD 320 allocated to QCOM => 320/15 = shares of QCOM = 21.33 shares allocated May 13th, 2006 => 21.33 x 48 = gross receipts = 1,023 USD receive (profit = 1,023 less 320 = 703 USD) May 23rd, 2002 => 320 x 16 oz gold = USD 5,120 USD allocated to gold May 13th, 2006 => 16 oz x 715/oz = 11,440 USD returned (profit = 11,440 less 5,120 = 6,320 USD) > But you left off tax effects, not to mention dividends. With QCOM, because of my not having to pay capital gains tax on QCOM, but having to on gold, and other currencies and speculative assets, my gold profits would have been taxed at 39% ouch. Dividends are now nearly 50c a share, so that's a help too, and underpins the value of the QCOM. The big gain would have been against USD [which I was holding] and against RoamAD shares, which I bought. My rule of NOT holding currencies [other than handy amounts for buying groceries and on the way to something else] should have been obeyed. I have noticed over the decades that when I break my rules, I get punished. The tax investigation overhanging us paralyzed me as I might have had that money ready for them at any time. As it turned out, things were hunky dory and in fact a big net gain was had, as I had made mistakes in their favour. [Due to various abstruse rules which I didn't know about, and neither did the accountant we hired - an expensive lawyer did though, fortunately]. Now I need the money preparatory to a NZ venture into cyberspace. Fortunately, it has appreciated relative to NZD over the last few months, as the NZD had reached ridiculous heights. Mqurice