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Financial Planning / Tax Strategies


Subject:  Re: Capital Losses Date:  9/11/2001  1:32 PM
Author:  KMHinson Number:  54014 of 127616

Hey, thanks a lot to both of you, Bob and Gurdison. I appreciate the advice. First I didn't realize you can use $3000 of a capital loss against ordinary income. That's definitely good to know. Also, gurdison mentioned having an exit strategy. That is definitely something that I lacked/lack. Does anybody have any recommendations regarding good books that deal with this subject? Gurdison? I missed out on locking in some massive gains, and now I'm stuck with some massive losses instead. I misinterpreted 'buy-and-hold' as 'buy-and-forget.' That was a huge mistake, and its something I'd like consider for the future.

Thanks again to both of you for your advice.

Take care.
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