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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Tax Cap Gains Strategies Date: 12/9/2007 12:11 PM
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These are simple, basic strategies, I am sure there are lots of longer term complicated ways to plan.

Well, one man's simple & basic is another man's "why would I put myself through that to possibly pay more in commissions than I save in taxes plus have myself out of a loser that I see great prospects for at the exact moment when it takes off?"

Since I'm from Kansas I tend to look at things more simply. If I have a paper loser in my portfolio it's because I think it has promise as an investment, not because I'm waiting to harvest a tax benefit. If I had lost faith in the investment (been there, done that) I would have sold it back when that happened. Instead of looking at the $10,000 I invested, I'm better off looking at the $1,000 that I can get out of it to invest someplace more promising.

I will confess to spending a couple of minutes looking at selling a winner and buying it back next year to take advantage of the 0% taxation of LTCG for us paupers in the 15% bracket. I decided that the after-tax-and-commission cash in my pocket wasn't worth the time.

BTW, I'm not ducking your question about outdated FAQ's. I'm not an official Fool on this board, so it's not my place to comment.

Phil
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