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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Charliss who wrote (922)4/2/1998 5:38:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 5810
 
The is a plan/fund that buys the stocks under the DOGS OF THE DOW Theory on a quarterly or annual basis.
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Starting in 1998 they are allowing tax deferred rollovers from one year to the next to the extent that a particular DOG is on both lists.
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The can offer a significant tax deferral.

Colin



To: Charliss who wrote (922)4/3/1998 7:16:00 AM
From: Beverley Davies  Respond to of 5810
 
Hi Charliss

Freshstart Venture Capital Corp. (Nasdaq Small Cap) is what is known as a Specialized Small Business Investment Company (SSBIC), which, you're correct, allows for deferral of capital gains of other investments.

An SSBIC provides financing for Small Business Investment Companies (SBIC). They've been available since 1986, but not very well known to the investment community as they've mostly been private companies. It's believed that FSVC is the only publicly traded SSBIC, and it looks as though it's IPO was late 1996(?)

Two following two sites should be able to answer most of your questions:
http://www.toolkit.cch.com//columns/capgains.stm
http://www.tomorrowcast.com/fsvc.html

You may have already determined there's a newly created thread on FSVC:
http://www.siliconinvestor.com/~wsapi/investor/Subject-18862

Beverley

ps. I am by no means promoting FSVC. Never heard of them or SSBIC's until you posted your question, and was thoroughly intrigued. Started internet research, and posted my findings here. Plan to call Freshstart today to find out more.