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To: Boplicity who wrote (7101)3/29/1999 9:31:00 AM
From: GraceZ  Read Replies (1) | Respond to of 29970
 
>>Why the hell would one want to pay taxes by selling a stock just to proof that it's real money? Ridiculous<<

It looks stupid on the surface to "go to cash", but all of my stocks are in tax deferred vehicle and taxes at this time are not a consideration. Its a way to keep piece with my very conservative (moneywise) spouse, not the way I prefer to invest. You run the very real risk of buying back in a higher prices. So far in this market I haven't lost out on any plays doing this....it has actually added to the return. Just have to be calm and not do any panic buying.

BTW if I started to buy on margin, he'd be out the door! LOL



To: Boplicity who wrote (7101)3/29/1999 9:41:00 AM
From: Killian  Read Replies (3) | Respond to of 29970
 
Greg! "The more cash the more flexibility". There were many times when the market corrected that I wished I had cash, period. On Oct. 8 '98
I could have bought CSCO@49$, GE@69$, Yhoo@76$ however I was fully positioned!

I must admit to you though that I'm very cautious using margin! Perhaps a downfall of my investing style that needs to be addressed!

At some point YOU WILL PAY TAXES! I TRUELY wish I could avoid this but who can? If there is a way please inform me.

Respectfully,

Kevin