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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Axel Gunderson who wrote (4813)	8/24/1998 8:13:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78601

Well I would just like to know how anybody whose goal is to beat the market and who believes in or promulgates short term gains (under 1 year) and who is a middle income or higher income person (and so pays highest marginal taxes on these gains).... just how that person realistically expects to beat the market. Perhaps we are talking about someone who doesn't pay US taxes? Or all these funds are in tax-deferred accounts? Or we're back to market drops: if the market drops 20% and your stocks drop only 15% and in addition, you get to take write offs of $3k each year for as many years as you've got such net losses.... well then I guess you certainly have beat the market. Well you guys, yippee and be happy! Paul