From: Olga Bourlin (fauxever@sprynet.com)
Date: Tue Jun 10 2003 - 22:55:32 MDT
From: "Phil Osborn" <philosborn2001@yahoo.com>
> 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.
Pay the taxes. It's still better than 1) losing the money; or 2) not making
the money in the first place. And if you trade your exponential growth can
be tremendous.
Olga
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