A view of the gloom and doom painted by some.....

Re: A view of the gloom and doom painted by some.....

feeds@yuku.com (melrose31) — Mon, 24 Nov 2008 17:08:42 GMT

My answer is yes and yes as per Biz and Vet's replies. Losses posted for a fiscal year can be written off against gains made in the same year. For instance I have keeper stocks that made a few bucks in profit (really!). There have been a few that bombed (no, I'm not kidding!). The profits made (from the good stocks) can then be subtracted by the losses (from bad stocks). There are shades of gray as you might imagine such as previous years when I did this same thing that have...

Re: A view of the gloom and doom painted by some.....

feeds@yuku.com (BizEagle) — Mon, 24 Nov 2008 14:08:48 GMT

You can also sell off stocks that have a current value lower than your purchase price and take a capital loss if you need to reduce your income. There is a limit as to how much the loss you can claim in the current year. Rules will require that you spread it over several years. Anyway, the result will be a lower taxable income on your 2008 tax returns.

Re: A view of the gloom and doom painted by some.....

feeds@yuku.com (wcvet) — Mon, 24 Nov 2008 14:02:04 GMT

I fyou sell stock at a loss you can write off the losses against gains you take and avoid taxation . YOu can shelter your dividends and capital gains this way.

Re: A view of the gloom and doom painted by some.....

feeds@yuku.com (TigerLily) — Mon, 24 Nov 2008 13:36:12 GMT

It is my understanding that there is a direct relationship to the price of oil and the health of the economy. When/if the economy improves, we can expect oil prices to climb. I remember in September when word of the credit crisis first came out, there was an interview on the news with Donald Trump. He predicted a dramatic drop in the price of oil. Gas prices are dropping so fast it's almost scary. When we are buying gas at 99 cents a gallon, it's likely all our investments will...

Re: A view of the gloom and doom painted by some.....

feeds@yuku.com (ATLtigerfan) — Mon, 24 Nov 2008 11:44:21 GMT

melrose31 wrote:
That's as greedy an "investor" as I hope to ever know about. What he did (has done) is downright wrong. Too danged bad it ain't illegal but I digress...

I will say this about buying back in to the market: as mentioned above, buying power is now greater than at any time in the past 30 years. Fisher Investments, who manage my and Papa Melrose's accounts, tells us to get back...

Re: A view of the gloom and doom painted by some.....

feeds@yuku.com (melrose31) — Mon, 24 Nov 2008 11:33:43 GMT

That's as greedy an "investor" as I hope to ever know about. What he did (has done) is downright wrong. Too danged bad it ain't illegal but I digress...

I will say this about buying back in to the market: as mentioned above, buying power is now greater than at any time in the past 30 years. Fisher Investments, who manage my and Papa Melrose's accounts, tells us to get back in the pool now, don't wade in (as prudent as that might seem) but dive right back...

Re: A view of the gloom and doom painted by some.....

feeds@yuku.com (BizEagle) — Mon, 24 Nov 2008 10:30:28 GMT

I agree Vet. It is a good sign but fuel/oil has to remain low for many months before a wide range of economic benefits will be realized. If you have a lot of cash right now, you probably have more buying power than at any time in the past 30 years and you should be able to gain even more leverage over the next 6 months.

I have to admit that converting most of my investments to cash this time last year may have been kind of a "even blind hog finds an acorn" event because I...

Re: A view of the gloom and doom painted by some.....

feeds@yuku.com (wcvet) — Mon, 24 Nov 2008 09:23:26 GMT

I can chart the patient visits and dollars spent in my clinic and almost show you the day the price of gas dropped down. If gas stays under $3/gallon the economy will return. It will take it longer to affect things like the housing market which is tied into those bad loans. remember three years ago when the housing market was booming? it was all that easy money they were loaning out at the time. It may take longer for that to come back and I know building product prices are still high.

A view of the gloom and doom painted by some.....

feeds@yuku.com (1983AUGrad) — Mon, 24 Nov 2008 08:50:59 GMT

Here, in MY humble view, is what has happened.....

Gas prices soared...
People still had to buy gas, so they cut back on other things....
(to include gas)
The economy slowed... The bank crisis followed....
people bought less "things" so factory orders decreased....

The "Press" said we were in trouble becasue of the high price of Energy....
and the increases in prices of...