The only part I disagree with is the "Wash Sale" rules. These only apply to LOSS transactions. The intent is to keep people from selling at a loss and then buying right back in order to capture a loss for tax purposes. Also, it is 31 days not 61.
I'm getting thirsty dammit!
Oh yea, everthing is my opinion only. Please make your own decisions and consult your own financial advisors for both investment and income tax issues.