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Ship Finance International Limited Message Board

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  • staggman99 staggman99 Aug 25, 2010 12:46 PM Flag

    PUMPERS AND DUMPERS...!

    A-date...You may be right...most of the time we get a Santa Claus Rally at the end of the year...! However, if the Bush Tax Cuts are not extended into 2011 we could see a major sell-off in the markets at the end of the year...! My opinion, is that investors (that have profits) may want to beat the increase in Capital Gain Tax...and then buy the same holdings back into 2011...! Just something to think about..!

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    • ..."However, if the Bush Tax Cuts are not extended into 2011 we could see a major sell-off in the markets at the end of the year...!"...

      staggman99

      The tax cuts for the fat cats will NOT be extended for 2011, simply because the economy can't afford it, especially when it's at the expense of the middle class.

    • Board members...I made mistake on possible future capital gain tax profits...! First, if the tax cuts are not extended investors "would have sell a holding in 2010" to save money on the new increase in capital gain tax...! Second, investors would "not need" to buy back their holding in 2011...a new entry point is a new entry point on a stock regardless of when it is bought (investors could buy back in a holding at anytime after it is sold...2010 and etc.)...! Third, a wash sale would still be a wash sale and a investor could not take a tax write-off on a loss unless 30 days have passed...! Because of this we should not see a end of the year sell off in the markets...the buy/sell volume should average out..! My opinion, saving money on taxes is always an important part of investing...!

 
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