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Re: OldAIMGuy post# 9821

Wednesday, 09/24/2003 6:39:37 PM

Wednesday, September 24, 2003 6:39:37 PM

Post# of 48378
Tom,

I was reading over various pages on your AIM website and another thought lit up the "idea bulb" above my head as far as using "Vealies" are concerned - I think they could also be used as a way to defer capital gains taxes (in taxable accounts, of course), with the potential risk of holding an equity position longer than one would if one had chosen to actually sell out as AIM directed. I think this would be most useful in the situation I've had lately with Red Hat where the gains I've gotten have been of the short-term variety thanks to the recent upmove. (Not that the profit isn't appreciated, mind you, but I'd rather Uncles Sam and Pataki be given less due than they'll be due)! Had I chosen the "Vealie" route I may be looking at something in the long term variety in about another year. One of those "DUH" moments. Using a "Vealie" to move short term gains into long(er) term gains may be an idea you might want to add to the overall site pages.

What do you think?

Best,

Patrick

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