Contrarian Value Ideas

[gfp927z]

Derf, >> taxable account will get a stepped up cost basis <<

Let's hope that doesn't change anytime soon. They are already talking about taxing unrealized capital gains for the 'wealthy', and the way the US 'debt bomb' is going ($35 trillion and climbing fast), the trend could be toward confiscatory taxation of estates. Luckily the politicians don't want their own assets taxed, so that should slow down the process.

Fwiw, I'm figuring that when the US debt approaches $50 trillion, something is likely to 'break'. Probably a crisis in the US dollar, as other countries shift into alternatives, like gold and the new gold-linked BRICS currency. So the incentive for us investors will be to gradually transition into more hard assets, and fewer bonds.



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