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happyglass

08/23/19 1:46 PM

#112256 RE: stoner422 #112248

Thank you for that, good advice. I have the same plan for my whole portfolio come the US election. An old German man gave that advice to my Dad back in the ‘40’s. They will prop the entire market up till the election then let it fall closer to where it should be. Maybe not my gold shares, but everything else.

twister1

08/23/19 5:24 PM

#112268 RE: stoner422 #112248

stoner ,if i remember correctly i think you are investing using a roth account or something similar(tax free)?...so that is probably a good idea.
but if one is using a regular account to invest, the 25% capital gains tax is somewhat bone crushing. especially to take it all out and reinvest it all back in a short month or so later.
i definitely see your point, yet if one is "long" (3-5 more years) i would not like to pay those capital gains taxes twice.
i suppose it's just dealers choice when the time comes for usa fed legal.
cheers