X-Message-Number: 10535 Date: Mon, 05 Oct 1998 18:50:24 +0100 From: (John de Rivaz) Subject: Re: tax deductible investments In article: <> writes: > BioTransport is a for profit organization, so when I make an investment, > it is not tax deductible. I don't know whether this applies in the US, but in the UK if you make an investment in a publically quoted company and the stock quotation goes down and you sell at a loss, the loss is tax deductible against other gains. You are allowed to buy the same stock back again if you wish, after a fixed period - I think it is a month. If you have a large number of stocks, the money you lose in those that go down could be regarded as the cost of the information as to which stocks go up. As long as the overall result is a gradual rise in the portfolio value over the long term, then you are doing well. If your only interest is investment, then the purchase of stocks such as BioTransport, BioTime, CryoLife etc should be regarded as "froth" or fun investments and not form the core of a portfolio. However from time to time such froth can turn out to be a winner and grow tenfold or more. After all, when they started, Intel and Microsoft were such stocks. Now their progress sets the tone of world markets - at the moment they are propping them up. Some comentators beleive that further major falls can only occur if there are serious drops in these campanies' quotations. -- Sincerely, * Longevity Report: http://www.longevb.demon.co.uk/lr.htm John de Rivaz * Fractal Report: http://www.longevb.demon.co.uk/fr.htm **************** Homepage:http://ourworld.compuserve.com/homepages/JohndeR In the information age, sharing can increase world wealth enormously, because giving information does not decrease your information. Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=10535