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 : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (10854)	4/15/1999 7:07:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 41369

Here's another way to look at it. If you try to time the top, and even if you get it right, you will have to pay around 33% to 35% or more on your short-term gains instead of 20%. So you not only need to time it right, you have to get a 15% correction or so just to break even on your sale. But if you let it ride, and get long term cap gains, you not only save 15%, but you will be paying that tax over many years (hopefully), as you withdraw the money to pay for retirement or whatever. In the meanwhile that money keeps growing. This is not to say that if a company's fundamentals turn negative you should hold, but to sell and make money during market corrections you have to be smart, quick, and LUCKY.