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URL:  http://boards.fool.com/gtgtthere-are-many-reasons-for-12441426.aspx

Subject:  Re: Capital Loss Deduction and Strategy? Date:  4/20/2000  3:32 PM
Author:  LoTax Number:  34809 of 120797

>>There are many reasons for diversification.<<

I agree. However, consider this, at least at a theoretical level: the U.S. income tax structure, because it *limits* the amount of deductible capital losses, favors a *less* aggressive investment portfolio than if it allowed unlimited losses.


>>...not "make[s] sense", as it was changed to read, when used in that sentence.<<

I was quoting your original post.

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LoTax




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