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Author: EthylMercaptan Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19264  
Subject: Re: The Wheel of Fortune - Not Date: 9/21/2012 8:13 AM
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Hi C2,

Why?

Rich


Reason number one is that I have a large amount of unrealized long term capital gains. Of the stocks that I have sold and will sell it is about half of the value (100% return over multiple years). My longest holding is McCormick, which I purchased eleven years ago. I don't know if a lame duck congress is going to extend the capital gains tax into next year and I don't like the idea of waiting until December to see. If they take it up to the edge of the cliff again, I don't want to be riding in that car. ;-)

Reason number two is that I am house hunting and have no credit score because I have no debt and only one credit card. Not having to work with a lender in the purchase of the house should make the process quicker and easier for me, plus I should have added leverage in negotiations if I can hammer out a deal on my terms. Once I have the house, then I might shop around for a mortgage and then use those funds to buy stock.

C2H5SH
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