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Daily Archives: August 8, 2008

The World Then and Now

August 8, 2008
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Last week, I purchased a Boston Globe from 34 years ago today, August 9, 1974, announcing then-President Richard Nixon’s resignation. I used to be a newspaper editor and reporter and love old newspaper artifacts. When I looked through the special section detailing all aspects of the day (including a previously very pro-Nixon New Hampshire town hiding its ties to the man and a detailed profile of Betty Ford where she advocates having a hobby), I stumbled upon the political cartoons. And while they were conceived more than 30 years ago, they could have been imagined yesterday. The Cartoons One...

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Consider Taxes Before Investing

August 8, 2008
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I wanted to touch upon one of the big bugaboos with investors–taxes.  I regularly talk to subscribers who say something to the effect of, “I can’t sell that; I’ve owned it since 1997 and will have to pay huge taxes if I sell!”  As we approach the end of the year, I inevitably hear “I can take that loss–I have gains to offset anyway.” This is not the correct way to think about taxes. The trick is to think about taxes before you invest … like today, as the stock market builds a bottom to its 2007-08 bear market....

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