... Which brings me to the matter of capital gains. For almost
all individuals, purchased securities are a capital asset in the
hands of the investor. There is NO gain or loss, other than "on
paper," until the issue is sold. The sale constitutes a "recognition
transaction," i.e., it triggers tax consequences. If you sell the
security for more than what you paid, then you report a capital
gain on your tax return for that year. If Congress does enact a
capital gains tax cut (proposals continue to be introduced), then
the lower marginal rate should result in even more overall
investment activity -- the incentive being that you would be able to
keep a higher percentage of your profits from investing than you
would of your income from wages or savings account interest.
In sum, there are many relevant, systemic factors which
combine to propel the prices of stocks in general, and the Dow
Jones Industrials in particular, onward and upward. Provided
economic substance underlies the stocks' proces, there is no
limit to this growth.
CAVEATS AND DISCLAIMERS:
(1) Do not invest money you can not afford to lose. (2) Timing is
critical, as is patience. (3) Trying to buy in at the absolute lowest
price and to sell off at the absolute highest price is not only
practically impossible, but also could be diagnosed as obsessive
behavior! (4) Do not be an emotional investor -- don't buy or hold
on to a stock solely for sentimental reasons. (5) Your investment
strategy should always match your investment objective for a
particular time horizon. (6) The information contained in this
article is the opinion of the author; it is intended for general use
and should not be construed as investment advice or a
solicitation of any kind. Linda B. Klein is a Registered
Representative of Shepard & Vrbanac Securities, Inc., 1 Cascade
Plaza, Suite 1000, Akron, OH 44308-1136;
330-253-2020 and 800-999-9655.
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Announcing
Terry and I (James) would like to start a free, regional gay
(and friendly) computer users group for the exchange of
computer knowledge and information. This group would be
for anyone from experts who love to teach to people who
don't even own computers yet. We both have an insatiable
desire for computer knowledge and we enjoy sharing what
we know. We feel that a well educated gay computing
community is a strong one.
In this day of >40% of homes having computers, systems
are constantly being developed to cater to people of little or
no experience. While this might sound like a good thing, this
allows software companies to offer you their own limited set
of options and provides a means for them to maintain control
over how you use your computer. For this reason, it is
increasingly in the best interest of software companies to
hide the inner workings of your system.
Imagine having a large pool of gay friends that you could
meet and mingle with, find people of a similar interest to
yours, and together explore a specific knowledge in depth.
The more you know about computers, the more you will want
to learn. An informed decision is the only real free choice --
for business owners or home users.
Tentatively, the first meeting of Free Exchange will be
held on Sunday, August 3rd at our home. Based on the turn
out, we will discuss possible alternate meeting
arrangements. We hope to see a steady increase in the
number of people attending each new meeting. No one will
be designated as a leader of the group. It is primarily a means
to meet other people fascinated with computers and initiate
the free exchange of information.
Get acquainted with other people in our community,
advancing our power over this new and exciting
technological frontier. It's free! If interested, RSVP ASAP !
Call Terry or James, 330-762-7137
for reservations and directions.
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