UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next
Author: howardgt One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: Re: 10 year treasuries Date: 12/29/2013 10:57 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
I am semi retiring next month at the age of 40


Congratulations on your successful accomplishment at such an early age.

It makes sense to take larger risks and swing for the fences when one has limited capital and time (age) on your side to recover from any setbacks. But now that you have accomplished your semi-retirement goal, there is very little benefit to a concentrated portfolio.

I've always found that large positions have created tax problems for me. Many of my core equity holdings are held in taxable accounts (because of the preferential dividend taxation policy), so I view capital gains as something I must try to manage. Sometimes, like in the case of takeovers or going private, I’m given NO choice and I’m forced to cash out and pay the taxman. So I try and hang on to my winners in taxable accounts. I assume a chunk of your NM gains were tax deferred.

Surprisingly, since I began practicing diversification, my results have improved considerably. Many stocks that start out as low PE income stocks, turn out to be big winners over the years. I now have the patience of waiting years for management to grow the company.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.