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TIBCO Software, Inc. Message Board

  • v6s3k9h2 v6s3k9h2 Dec 5, 2012 8:08 PM Flag

    My 87 year old mother is DELIGHTED !!!!!

    My 87 year old mother owns some TIBCO shares. Recently, her tax pro told her: "Usually, my end-of-the-year advice is to sell your losers and hold on to your winners. However, because it appears tax rates will be going up next year, my advice this year is just the opposite: sell your winners and hold on to your losers."

    This advice made my mother unhappy because at $25 per share, TIBCO was a winner for her, and she didn't want to sell her TIBCO shares. But with TIBCO plunging to $20, TIBCO is now a loser, at least as far as my mother is concerned, so she intends to follow her tax pro's advice and hold on to her TIBCO shares. My mother is DELIGHTED !!!!!

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    • I feel the same way. If TIBCO's share price had moved into the $30's before the end of the year, it would have been hard not to take the gain at this year's lower tax rates. However, with TIBCO now in the toilet, it is easy to hold on and see what happens next year. If TIBCO stays in the toilet, I can sell next year and get a break from the Barack Obama/Jerry Brown confiscatory taxes.