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

To: TobagoJack who wrote (7145)	6/12/2006 4:09:20 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 217830

Hello TobagoJack, If I lived in HK where there is no capital gains tax I would probably jump in and out too. With a 27% capital gains tax I am encouraged to stay put. So called "steady" is really a kind of shame at selling at a bottom, which seems like a worse sin than holding on at an "obvious"(??) top. The losses, in tax, in and out brokerage commissions, buying back at a higher price etc. can add up to a staggering, embarassing number. I admit I feel idiotic now but when somebody gives you a problem 6 + 7 + X = ? and won't tell you what x is, then to err is natural. That's what the market does to us, whether Au,Cu,COS or whatever. If Buffett can't predict short term movements, why should we be able to do so? SoT