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Amen!
I had two positions last year that I felt good about where the price had gone,
and figured I could hold it for a long term gain! WRONG! They both tanked and
are just starting to come back to where I was 7 months ago. I could have paid
the taxes and bought back in a lot lower!
> Resent-Date: Wed, 11 Feb 1998 13:54:30 -0700
> To: metastock-list@xxxxxxxxxxxxx
> Subject: RE: Trading and taxes
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> I agree with Al. You don't need to pay taxes until the end of the year
> anyways. Whatever you make, you get to use to play again, and again.
> Think also about IRA accounts, etc. where you don't even have to pay
> taxes until the very end. By thinking long term, you might also lose
> profits by not selling when the market drops. For long term
> investments, a mutual fund wouldn't be a bad deal.
>
> ....
> Edwin
>
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