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To: subterfuge

I knew a few people that required the company to issue stock certificates so they could then sell them later and obfuscate the cost basis to avoid capital gains. Illegal? Yes. I chose sell, hold a year and pay capital gains on some. In more volatile times, I just sold and took the income tax hit. For me, it worked to *not* focus on or even understand what could have been. I focused on what to invest in once I had it in my pocket. On that front, I chose a lot of blue chip, high dividend paying companies. I bought companies that are in every Walmart cart and in technology that everyone uses. In (early) retirement, I live off the dividends and and get nearly free healthcare. I’ve discovered it is pretty cheap to not work.


12 posted on 07/25/2023 8:20:32 AM PDT by IamConservative (I was nervous like the third chimp in line for the Ark after the rain started.)
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To: IamConservative

That’s awesome to hear. I’m following a similar path. Just need the next 2 years to pan out. Biden’s reign couldn’t have come at a worse time for us.


13 posted on 07/25/2023 8:26:41 AM PDT by subterfuge (I'm a pure-blood!)
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