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Re: OldAIMGuy post# 87

Friday, 02/01/2002 3:38:16 PM

Friday, February 01, 2002 3:38:16 PM

Post# of 48301
TAB / XT,
I never really looked at doing anything besides FIFO as far as tax returns. When I saw the implications of having to document and request which shares were sold in the tax code I dropped any further looking. My decision was that it wasn't worth the effort. Besides if I remember right, once you start
down the road (FIFO, or LIFO) on an investment you have to stay that way! It probably all works out in the end. The more you trade an equity the more S/T gains you will have.
I did see something not long ago about another way of reporting your trades. Something about being a Day Trader and a different way to do it. I would think some of the really active daytraders would have schedule D's many many pages long.
Getting exceptionally close to Miller Time! I guess that would be Old Milwaukee Time in Wisconsin? I used to like Old Milwaukee once apon a time.

Be sure and pull for the correct Superbowl team as it apparently has some bearing on how the stock market does....
I don't remember, needs to be a NFC or NFL winner for a good stock market year! Much better than TA I am sure...

XT







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