Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83 based; site houxz.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxj!houxm!houxz!halle1 From: halle1@houxz.UUCP (J.HALLE) Newsgroups: net.invest Subject: Re: Long term gains = 6 mths - (nf) Message-ID: <970@houxz.UUCP> Date: Fri, 21-Sep-84 15:21:10 EDT Article-I.D.: houxz.970 Posted: Fri Sep 21 15:21:10 1984 Date-Received: Tue, 25-Sep-84 21:29:52 EDT References: <52900028@trsvax.UUCP> Organization: AT&T Bell Labs, Holmdel NJ Lines: 10 Regarding waiting to prevent a wash sale: This wait is unnecessary if you sell for a gain. Only if you sell at a loss is it considered a wash. So if the stock goes up, sell it and buy it back the next day. (Wait the day to prevent FIFO/LIFO type problems.) N.B. This advice assumes that this practice is not specifically forbidden by the act shortening the holding time. Considering commissions, this sell-buy transaction is not worth the trouble unless you own a very large amount and intend to sell it quickly; i.e. if you are a speculator and not an investor.