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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?

To: Stan who wrote (17017)	4/24/1999 10:13:00 AM
From: VIPER85730	Read Replies (1) \| Respond to of 40688

Stan, >Here, "free" is misleading, because you will owe taxes on the $1,500. The short term rate now is 28%, or $420 on that sale. If it was long term -- a year and a day or longer -- then your rate would be 20% or $300. The laws are changing on the holding period and rates, I understand, but you should be aware that the highest rates are for short-term holders. Whenever you sell the next 500 shares that you are calling "free," you need to pay taxes the same way on that lot.< While it's true that Uncle Sam will ALWAYS get his share of your profits at either long or short-term rates, I've found it to be a mistake in the past to let tax issues dominate my investment decisions. I understand that everyone invests differently so there's really no debate here, but I will say that after you have your original money off the table, you can handle the ups and downs with much less worry and be a better long. At the same time you can spread your risk into some other "hopeful" that you like. And if your next one doubles, you can repeat this process again and again. I believe that is the best and safest way to grow a portfolio. If I would have been investing like this right from the start, I'd be writing my own ticket by now. Regards, and GO PNLK!!! VIPER-------<