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Re: melody432 post# 4702

Thursday, 01/16/2020 4:57:49 PM

Thursday, January 16, 2020 4:57:49 PM

Post# of 7490
I thought like that for 10 years... Paid a lot less tax than I will in April... But in those years my account did not go up 129% in one year... as it did in 2019.

I have a core here which will get to long term status in 60 days.. Loaded last March ahead of the ABA conference in Vegas. Those will only be sold after 1 yr hold.

The December adds I needed to hold only30 days. I posted I would "dump" (thanks Mike) at $10 cuz those were $8 shares... Core CB is $3.62 on the book, but after profits it is $2 or less,... don't care to calculate...

So I hear what you are saying and everyone should do their own plan... For years I stayed in the lowest tax bracket by holding MLP's for tax free distributions to supplement income. Now days I have half as much in MLPs...

FWIW I still have 960 of the 3100 share Dec adds... all else bought April or before. Timing requires awareness of the wash sale rule, so I do want to have a full position before the annual ABA conference.. I have decided those 960 can be sold at $12, and I can add on any dips after Feb 15th, about a month ahead of this years conference...

Good Luck All!
-Pete

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-

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