Plantagenet wrote:I caught the timing just right.
I don't think I can time it like that again twice in one year, so I'm going to hold pat.
I think there will be more stimulus....!
Yes there will probably be more stimulus. But then the Harris/Bernie administration will get their wish list of increased taxes in place and no amount of stimulus will balance that and then you will see a major correction or "buying opportunity" if you prefer.
The question is how long you can milk the results of the coming stimulus before it turns south? Profits that can be made and profits that can be lost.
They were discussing today selling your winning stocks and paying the capitol gains tax at today,s low rate then buying them back to give you a new cost basis for when you have to sell some of them under the Biden much higher rate. Nothing to me but for some of the big dogs in the pound that might save them millions.