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Old 12-31-2012 | 01:26 PM
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tsquare
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From: 767er Captain
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Originally Posted by Gearjerk
Anyone jumping from their Delta stock today? Considering the "looming" fiscal cliff and increased long-term capital gains taxes next year?

Any "free" advice/logic/opinion always welcome.

GJ
It's a little late now... but FWIW, I bailed out of most of my investments, and converted both my IRAs to ROTHs. (Not rocket surgery, just locking in gains before the dems take it all) AAPL was up $21 today. Profits have been taken, and great companies like that will start back up the hill. JMHO, DYODD. Of course that assumes that the looming recession isn't as bad as it can be...

And those cap gains taxes are just part of it. Dividends are gonna essentially be treated like regular income so those damned rich people have to pay their "fair share" too. That and the additional 3.8% on practically everything... sorry for the digression. And it's funny, but I don't really feel rich, but I am really dreading my annual accountant visit.