Reply to 1%ers: What are you doing with your $$ before Dec 31?

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[quote=Anonymous][quote=Anonymous][quote][b]When transaction fees are 10 dollars or less, the "paying transaction costs x2" is meaningless. You can bet that most high income/1% folks have already sold, or will sell into strength over the balance of the calender year.[/b]

With interest rates low and pending capital gains and other taxes set to rise, there is really no safe place to put a nest egg to grow. This is something congress and those responsible for tax policy right now don't seem to get. There is significant corporate and individual money sitting on the sidelines that will continue to stay out of the system until there is a means to getting it to grow.

No one wants to take personal risks (ie starting a new business or investing in an existing one), no one wants to have higher capital gains liabilities and no one wants to invest in long term investments at less than 1% yield.[/quote]

Transaction costs are not meaningless and will impact returns. Most 1%er have a portfolio with an over all management strategies that reduces cost and maximizes returns within a risk matrix. So, no they will not sell off but adjust their buying going forwards. As for your other statements, the facts say otherwise. When people see opportunities(corporate or starting a new business), they do it. [b]There was a lot of business done in this country with much high tax rates.[/b] [/quote]

+1,000 And a whole hell of a lot of wealth built.

OP -- how old are you? Do you remember the Clinton years?

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