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To: SargeK who wrote (28162)8/22/1998 5:07:00 PM
From: Les H  Respond to of 95453
 
re: TAX LOSS SELLING

I've been hearing from some brokers that tax loss selling has been
starting earlier since people are worried about October. Typically,
it starts after September 15 when the 3rd quarter estimated taxes are
filed. Another alternative would be to sell a GLM and buy an FLC or RDC, which are similar in price, or buy the dollar equivalent of DO or HAL.



To: SargeK who wrote (28162)8/22/1998 5:35:00 PM
From: Starlight  Read Replies (2) | Respond to of 95453
 
Regarding tax losses: If you sell at a loss and don't buy back the same security in less than 30 days, it's not a Wash Sale. If you feel that we might be at a bottom, and you sell one company at a loss, you can buy another company in the same business on the same day as you sell. For example, you could sell RDC at a loss and pick up FGII for approximately the same price at the same time.

Betty


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