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<blockquote data-quote="raceanoncr" data-source="post: 254978" data-attributes="member: 6408"><p>OK. I just showed all your posts to my 9-yr old granddaughter. Why? You've already called me ignorant, (well, you said to quit spreading my ignorance around), so I thought I'd ask somebody smarter.</p><p> </p><p>She figured it all up and concluded that your stock deductions are NOT pre-tax. She said that this would make horrible sense. Why? When you sell some (now or in 30 yrs as you want to) you would be then taxed on entire purchase, I.E. your 10% deducted purchase price, your dividends, your gains, your entire stock selling price at the time. WOW! Sounds good!</p><p> </p><p>She also took a look at my portfolio, zeroing in on UPS. I've been in since before the IPO. When it was in the 80's, near 85, I bought at middle 70's. Where is it now? Middle 70's. IF I were to sell these certificates now, would I make anything? Not a dime! Did your wizards at school teach you about cost-averaging? </p><p> </p><p> Dividends at $.42 a share, with no growth? Not good! </p><p> </p><p>Yeah, I'm dumb, but I think I'll listen to this 9-yr old.</p></blockquote><p></p>
[QUOTE="raceanoncr, post: 254978, member: 6408"] OK. I just showed all your posts to my 9-yr old granddaughter. Why? You've already called me ignorant, (well, you said to quit spreading my ignorance around), so I thought I'd ask somebody smarter. She figured it all up and concluded that your stock deductions are NOT pre-tax. She said that this would make horrible sense. Why? When you sell some (now or in 30 yrs as you want to) you would be then taxed on entire purchase, I.E. your 10% deducted purchase price, your dividends, your gains, your entire stock selling price at the time. WOW! Sounds good! She also took a look at my portfolio, zeroing in on UPS. I've been in since before the IPO. When it was in the 80's, near 85, I bought at middle 70's. Where is it now? Middle 70's. IF I were to sell these certificates now, would I make anything? Not a dime! Did your wizards at school teach you about cost-averaging? Dividends at $.42 a share, with no growth? Not good! Yeah, I'm dumb, but I think I'll listen to this 9-yr old. [/QUOTE]
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