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Axion International Holdings, Inc. Message Board

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  • mikebert mikebert Sep 3, 2002 10:39 AM Flag

    Claim Checks Received

    Hello,

    I still check from time to time. I wasn't in the class so I got no money back :( After peaking in summer 1998 my taxable portfolio fell about 60% by Spring 2000 (ANLT wasn't the only stock with bad accounting I owned) and has been slowly rising since then due to savings. It is now at about 80% of its 1998 peak. Assuming no gain/loss in my current positions I should be back to the 1998 highs by the end of next year.

    Of course my 401K has been fully funded all this time and suffered no ANLT loss (I got out of stock funds in '99 and have gradually come back in, reaching 80% invested on July 19).

    Since we entered a secular bear market in 2000, capital gains from longer-term investments are going to be limited and it will probably take a decade to work off the ANLT losses, so I have tax-free capital gains going forward. I have held on to most of my ANLT shares and will sell them as I need losses. Of course dividends and interest (the bulk of my returns) will be taxed.

 
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