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griff100

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griff100

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Re: rodneytwilk post# 2716

Wednesday, 04/12/2006 8:06:45 PM

Wednesday, April 12, 2006 8:06:45 PM

Post# of 5729
Yes he was wrong. Hold for at least a year and you pay "long term capital gains" as opposed to "short term capital gains"...a lower tax rate depending on your personal situation, financially.
I'd rather make some money and pay short term gains than wait and pay long term gains on much less profit...or worse...have all the gains disappear.
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