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

To: TobagoJack who wrote (19297)	6/6/2007 1:22:08 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217911

TJ, you are ignoring taxation effects in NZ. You are inspecting a blade of grass and missing the forest. It is true that I had opportunity cost in paper gains and currency loss, but as I have explained, avoiding being painted as a trader was crucial for me. Selling at the top would have been nice, but the size of the cheque to the NZ IRD that I would have had to write out would have been eye-watering. If I had subsequently bought at precisely the bottom, I would indeed have been better off. But being precise about the future, despite rumour to the contrary expounded by your honourable self, is notoriously problematic. I did not believe that QCOM would drop to $23. I didn't really think it would get down to $50. It was subsequently split, so I am way ahead of the bottom. Similarly, selling the lot at $200, converting all to NZ$ at US40c to the dollar, borrowing heaps, buying a bunch of houses in NZ at low prices [then], would now see me wayyyyyyy ahead. NZ$ has now hit another all-time high at US75c and houses are way up in NZ$ price if not value. Now, I would have sold all houses, repaid all NZ$ loans, and be much better off. It's fun to get perfection, but only the lucky do it. But look for the bigger picture TJ. Checking my toenails isn't where it's at. Here comes the Qi. Mqurice