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Subject:  Best Investment Strategy--PLEASE HELP Date:  6/1/2000  4:21 AM
Author:  huskyItalian Number:  36158 of 127613

I am not eligible for an IRA account, since Im currently unemployed. But recently I was fortunate enough to get some money to invest (about $10,000). I invested in a regular (non tax deferred) Schwab Discount Broker account.

But this means I will have to pay capital gains taxes EACH YEAR when I re-buy my new "foolish four" stocks. I know this will hurt the power of compounding. Given this fact, would it be better for me to re-evaluate
my "foolish four" stocks every 2 years, instead of every one year (which would minimize the how often I would pay capital gaines taxes and improve the power of compounding)?

Or should I just eliminate the "foolish four" strategy all together and invest long term in a good Index fund, where I could "buy and hold" for a long time?

If relevent, since I have very little income, I am in the lowest tax bracket (I think it's 15%).

Any advise would be greatly appreciated!!

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