The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Selling for Tax Loss||Date: 12/17/1998 10:37 PM|
|Author: JohnEBgood||Number: 7339 of 125861|
Thank you for the prompt and helpful reply!
One other little question, if I may.
You seem to imply that it's not too smart to
offset the LT gains with ST losses.
Seems to me that the only way around that is
to try to match them up, right?
But...I kind of believe in that saying:
"Don't let the tax tail wag the investment dog"
(did I get that right?)
So...I base my buy/sell decisions mainly on
what I think are the best stocks to own NOW.
IF I happen to be in a position to take a loss
to improve my tax status, I go for it.
But if I start worrying too much about long/short
term, I'm afraid I'll lose the main focus of
my strategy. Make sense? Thanks again.
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