I spent all weekend raising money when I was supposed to be writing my column. Sorry! The one I planned to do for today will probably be tomorrow.
In the meantime:
Mark: “Listen to radio stations from around the world! Fun site!”
☞ I got to the site with no trouble and found lots of Portuguese, Russian and Malay stations to listen to. Simply select one, click PLAY, and — if you’re old and stupid, like me — you get silence and: PAGE CANNOT BE DISPLAYED. But I have no time to listen anyway, so I’m OK with this.
Bad Timing: “I recently started building my own portfolio of stocks. This is purely a long-term investment strategy. Unfortunately for me I acquired most of the stocks (including Intel, Cisco, IBM and Microsoft) before the recent tech thrashing. I am tempted to sell these stocks and take the (significant) capital losses and then buy them back in thirty days under the theory that it seems extremely doubtful that they will be able to make up those losses over that 30 day time period. Is this a good idea?”
☞ If the commissions are low, and you wait 31 days to avoid the IRS “wash sale” rule, that would disallow the losses otherwise, it’s a good idea. There is a real chance the stocks will have rallied and you’ll regret it. But I’d say there is an equal chance they will have slumped further, with more tax selling. So from the standpoint of logic this could work.
Or do this: Sell some of your issues now and use the proceeds to double up on the others. Wait 31 days. Buy back the ones you sold; sell the original shares you doubled up on. That way, unless you’re really unlucky, you’ll likely net out much of the effect of market movements. (If the market jumps, you’ll do well enough on the ones you doubled up on to make up for the ones you sold and now have to buy back at higher prices.)
Quote of the Day
To think that distasters only happen to someone else is human nature. But, when human nature runs into mother nature, regret normally follows.~CBS hurricane specialist Bryan Norcross
Request email delivery
- Feb 22:
Corruption On A Scale Never Previously Imagined
- Feb 21:
What A Field!
- Feb 20:
And Yet You Still Don’t Turn The Lights Off When You Leave The Room
- Feb 19:
Power Walking With Chris Christie
- Feb 18:
The Inspiration YOU Need?
- Feb 15:
NYC. UK. Canada.
- Feb 14:
If Republican Officials Go To Prison . . .
- Feb 13:
The National Butterfly Center Is Taking A Stand
- Feb 12:
Home-Schooled For Christ. And Pence.
- Feb 11:
Russian TV Thanks The GOP (And Don’t Miss Bill Maher)
- Feb 22: