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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: refugee investor who wrote (741)	1/23/2011 9:14:12 AM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

Great trading results! Do you put the cap gains tax amount aside right away, or do you use the gov's money as float? I guess that is not such a great idea..trading is not my thong unfortunately and I miss out on a lot. I use the cap gains taxes as leverage in my accounts, but I have a spreadsheet that I update daily that gives me my portfolios worth, so my accounts are usually a lot more than my spreadsheet. Come tax time it does not hurt because I go by my spreadsheet and that is the dollar amount and % return I go by. I use a 32% tax rate on all gains and it usually comes out pretty accurate @ the end of the year. I like to know the % return I have daily not many have the time to constantly take 5 or 10 minutes a day to update a spreadsheet it is fun for me. Everybody’s investment style is different but I know I would not get the return I do every year if I was just a LT investor. I know my trading last year carried me to a 25% return because my LT holdings did not do as well as that looking @ the start and end of the year. If I held what I was holding @ the crashes lows I do not think I would of had the amount of money I have now either. I did read the Bill Gross piece, that is part of the reason I have started thinking about putting a little cash to work Yea me too my cash pile is @ a whopping 40% now and it is killing me if I was investing that from the beginning I would be up over 20% this month. Anyways can’t cry over spilt milk. I like having cash, and I will never be caught with my pants down like I was during the crash. I have my eye on Canadian T-Bills (nice yields) for some of the cash but it is hard for me to buy when the Canadian dollar is near all time highs, but I will be a buyer when there is a pull back. Then I was looking @ some emerging market currency etfs (they have nice yields) to stash a little money but waiting there also. It sucks being 40% USA dollars and you know LT this is not the right thing to be holding. That is why the multinational companies like DELL are popping up in my portfolio. DELL is growing 20%+ a year in China alone. They have a forward P/E of 9, cash on hand of 6 Billion subtracting the debt and recent acquisition on a marketcap of 26B. So DELL when subtracting the cash is being valued @ 20B that comes out to a FW P/E of 7 with tremendous growth in the emerging world. Then you have the founder buying 100M shares a few weeks ago what is there not to like about DELL? They can easily be a 20 dollar stock and still be cheap with a P/E of around 10. Been buying a basket of the pharma names when ever I see a sizable pull back like just happened to MRK. I really do not care which one I own in that sector if I see a sizable haircut in any of the big names I am a usually a buyer. I own 6 of them now and I am up on all of them not even looking @ the dividends that mysteriously appear in my account. They are always a surprise to me because I never pay attention.