Howdy folks,
Happy holidays.
Took a tax loss that I'll but back after the 30 day wash rule. Check your accounts. You have to wait 30 days to buy back a specific security, but using mutual funds (assuming you have minimal transactions costs), you can immediately buy a similar but different mutual fund.
Also, liquidated my nat gas play. Fundamentals don't really support any higher price. Demand side needs to see nat gas used for transport and there's zero infracstructure and supply side is flush due to fracking.
Not really reacting to those cretins in washington. I've covered my behind for years. I worry about those that will suffer. That's something for which congress should be flogged.
Don't fight the Fed - they're keeping the punch bowl full - so party on.
peace,
rono
Comments
Happy New Year. You're probably correct, but we've got other tax issues next year and need this particular help this year. They started taxing our pensions here this year and that confused things.
Take care,
rono