WetWarrior

Wall Street Breakfast: Must-Know News

Jersey (et al), I certainly can't contradict you...but maybe I can encourage you. I once knew a man who owned a very successful Ford dealership. He enjoyed the fruit of his gains for many years but when sales flagged he sold his stake to more energetic partners. His cut of the deal was over 250 "new" Fords that he kept in open storage from 1977 until he died a few years ago. Some of the cars became quite valuable but he stubbornly refused to sell any because he would then, "...have to pay taxes on the money I make." We couldn't convince him that, should he make profit of $100,000 and pay taxes of $50,000, he would still be $50,000 in the black. It seems to me, even in nearly impossible economic times, taxes are just fruit we don't get to keep. There's still fruit on the table.
Best regards and good luck with your portfolio.