I am a founding member of MDP and have followed its moves through the financial upheavals and have stayed invested during the entire time. Last week my financial planner recommended that I sell all or nearly all of my stocks with positive gains before the end of the year so the 15% capital gains tax, believing that the capital gains rate will almost certainly go up as part of the tax and spending measures that will be passed by congress. He said to repurchase the stocks if I really like them, but at least the gains would be taxed at the lower 15% rate. I agree with the math, can afford to pay the taxes, and then buy the stocks back, but there is also something about it at gut level that has me hesitant. I have three questions for those that choose to reply:1) Are you considering selling your MDP winners to take advantage of the believed to be soon end of the 15% rate? If so, which stocks would you consider not selling?2) Which stocks in the MDP portfolio would you not buy back, and why?3) What are your thoughts on this tax strategy for the end of 2012?Thanks in advance for your replies. Fool on!
Sorry, I should have posted this on an MDP board. However I am interested in general thoughts on the strategy.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |