Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jean M. Gauthier who wrote (20398)	4/12/1999 9:41:00 PM
From: t2	Respond to of 74651

Jean, OT--So 70,000 RRSP, will give me $ 14,000 foreign content YUP. The book value of your leaps is what counts. So if they go up in value, the foreign content will still be based upon cost. I doubt anyone other than Toronto Dominion Bank will do the offsets that I mentioned. With TD, you could go 100% US stock or stocks and sell for settlement before the end of the month and transfer the funds to US RSP Money market fund, which is in US Dollars but is "Canadian" holdings. Start the same thing again for purchase beginning of the month. This way don't get nailed with the foreign content penalties. In addition, the difference in the buy and sale of US stocks or options is usually much less than the cost of placing the temporary trade.---Remember that foreign content penalties are calculated on the "month end" book value in excess of 20%. In relation to Toronto Dominion stock. I held quite a bit and added some more today. It is moving!! I believe leaps should be available on it although I have not confirmed.