From: Phil Osborn (philosborn2001@yahoo.com)
Date: Tue Jun 10 2003 - 21:50:45 MDT
Ok. So far so good in my "day-trading at the
library." My ROI over the past year is right about
100% - I've doubled my money, simply by choosing
stocks of companies that looked undervalued and had
something new that looked solid that they were
bringing to market.
Anyway, the rub is that if I sell at the points where
I might think I ought to, then I get to pay a large %
of any earnings in taxes. Suggestions? Note that I
am a real amateur in this area.
My thoughts however trend in the direction of stock
"trading," literally. If I were to barter my shares
for shares that I felt would more securely hold value
at the point that I felt it was better to get out of a
particular stock, then, assuming a straight accross
trade, with no $ changing hands, I wouldn't owe any
income or capital gains, right? Tell me if I'm wrong
here.
So, suppose I were to create a company that offered
shares backed simply by money, at a guaranteed 1/1.
I.e., I could at any future time know that my shares
would be worth at minimum - and maximum, probably -
the original face value in $, Euros, whatever. As
such, these shares would themselves be easilly
tradable, essentially a replacement for paper dollars,
which could be used for bartering for other stocks or
commodities.
So what's wrong with this nefarious scheme? And how
could that be fixed?
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