My tax liability is too high this year, so since I don't understand all of the tax ramifications, I'll stay with what I know. I'll just keep contributing to my wife and son's Roth, and his 529. Year end I'll be selling ALL my losers to balance out the gains to an extent.
My qualified accounts will continue to remain qualified. Ignorance for me isn't bliss, but it's the best I will do under the circumstances.
It's like buying a house with a big mortgage because of the tax advantage to having a mortgage. My way of viewing this is pay down the mortgage and save on the interest paid going forward. That's what I did last year and I'm still glad I did- even though I'm still paying down the cost through my 0 percent credit cards due December 2020 and March 2021.
So noted Re: IBM. I don't think it will hit the previous low and my price target is always an ideal 105, but I'd definitely buy below 112. Last trade was buy at 118 and change to sell at 126. Looking perhaps to nibble around 118- 119 with a short term perspective. What do you think of that SF ?
My recent sell of IRM should have been out of the entire position, but reduced by 50%. In this market I will NOT cost average. Not with the inherent liability of holding stock. I will further reduce my position in IRM at 30.20 if ever it gets there again. I'll gladly take the dividends till that occurs and optimistically close at 34.
AI
