European Stars And Stripes (Newspaper) - March 15, 1987, Darmstadt, Hesse Page so the stars and stripes sunday March 15,1987 investor s guide by Willfam Doyle a Pivot Settle a debate. My friends say if the value of bloc pc i he purchased Ron up it is a paper profit and i should not Enn consider rat became the Prohl i not mine Enlil i sell the Stock. 1 say it is i real profit because can do whatever i want with the Stock Imp it or sell it. Either Way i Doyle have my profit. At an example i Tell about Mart who started Root pin with 100,000 shares of Stock at $1 Hare is year ago. Today the Stock is Worth $50 share. I say he i a millionaire. My friends say he is not Nile he sell Ibe Stock what do Yon say a. You win the debate. The term paper profit is applied loan increase in value Over the Price at which a Security was purchased. That increased value is Here and is real value whether you keep or sell the Stock. It Wall str Cal terminology you Don l Calim or "lake1 you profit unlit you sell. At that Point the Tola value of the Slock the Price you paid plus the increased value comes to Vou in Cash Les brokerage commission. And let s not Overlook the tact thai the profit you realize from the Sale is taxable As a capital gain. In 1986 and previous Yean Only 4d percent of Long term capital gains on securities held for More than six months were taxable. Begin Ning this year All capital gains Are fully taxable. So when you sell Stock at a prof i your net Worth actually de creases because of commission and the tax bite. Your example or the Man whose Slock increased 50-fold in value invalid. His Slock now is Worth 55 million. He does to have to sell to become a millionaire q. Can you explain the rational behind lax my Long of Hock at a loss to balance off the previous Al of another Slock at a profit 1 have never been Able to accept Ibe thought that sell lag a Stock on which 1 have a $1,000 loss id offset the Sale of stuck on which i had a $1,000 profit results in a tax advantage. By All the financial gurus advised doing that especially late last year. A. By Selling one Stock at a ,000 loss in the same year in which you sold a different Stock at a $1,000 profit you would have Zero capital gains. If you had realized the $ 1,000 loss you would have $1,000 capital gains subject 10 tax. Summed up taking capita losses can reduce or eliminate your tax liability. Docs hat mean you should Al ways sell your losers to offset prof its on sales you have already made or plan to make of course nol when Vou own a Stock that is Down in Price from what you paid but you believe will Rise in he future it s usually Wise to hang on. Always look at stocks for their investment potential first. Taxes should be a Distant second consideration. Most of those gurus you men Tion arc brokers who talk up Slock sales and purchases to generate commissions. Financial news Dow slide 21.57 to new York up Stock prices drilled Down from record Levels in mod Erate trading last week As investors took profits in drug and technology issues an used the coming triple witching hour As a Chance to step to the sidelines. The Dow Jones Industrial average tell21.57 Points to 2258.66. Among the 2,184 issues traded on the new York Stock Exchange 994 Issue posted losses and 937 showed gains the Dow slipped monday under pres sure from profit takers but bounced Back tuesday when investors interest in Selling seemed to disappear. Merger mania resumed led by Chrysler statement that it planned to buy Ameri can motors. Bui for the but half of the week the Market drifted Tower in what Wall Street analysts characterized As trend less and Dull trading Robert Ritter technical analyst at ,Rothschild, Unterberg Towbin said the Drifting was Normal. F we re dealing with one of the strongest markets of All time killer said. With the triple witching hour coming up on Friday March 20, the discount on mures con tracts could set off some program Selling and profit taking but who knows hitter said witching hour considerations will dominate his week s trading. Stock pulse he said the Market might experience a so Point to 100-Point drop in the Dow average but he cited support for the Market at 2200 on the Dow and even More support at 2100, Martin Krouner manager or listed trading at Jen teries & co., seemed agree. At the end of the Quarter not a lot of institutions will want their portfolio id show High Cash positions he said predicting that Selling would be limited barring a dramatic change in Market fundamentals. Ira Money will be coming in right up to april 1 a Krouner said. Ralph Bloch senior vice president an chief Market analyst at Raymond James & associates in St. Petersburg said the triple witching hour May turn put to be a non event. Bloch said the Market can manage an other rally but that its internal Structure indicated by weakness in the transportation and technology sectors has turned soft. There is a Clear loss of Overall up Ward momentum he said. The signs Are Subtle but a lop is / Bloch recommended that investors use rallies As opportunities to sell. On the trading floor american motors was the most Active nose a std Hose Caa Palti Moil act by Dom Clow pinup a yld0 47 t 31 13d 62slocmnv vet us fit 2.745.7mmui we Tan us ia.oat4t 1, 23k 1.15 20d ism 144h 741 11.0 90ottdft 1,738,9011 31 47.0 6.1 Nisi our i.ew.400 a Wrin p 1,521,000 St 2.04 2b.o 0.4 us up is Ite cod 1.502,400 7sh 1.66 4s.o 3.4 Gnomon 1.471.800 40u 3m 11,0 14 is comp note urn met cd Wistock Dom Corgi Eimi Ltd lbs Flat 1s4 4h 111.02 10.0 1.9cray ref 12311 4� 343 3to fru Rai 47 3 t.00 4b.o Almonn 138 3h j.0034.0 1.3 Iff 13 3h 4to �0 1.4bqut 154 3 663 11.0 14 Cmok tft.3s3.ro 110 mum yrs 3mk t 3u to 35 17.0 03 in Wii Isom 911 4.11 no 0,7tmbrwtif t 27 9h a 21.0 a con sump a ydtm.800 us s of 44.0 tu.800 42h t,0122,700 is Ito 04 a Jwo 15% 10 4mjwo Bitt d.300.200 3ft Dpi so Isa 1.44 70h0.300 Kab om1m.o 222.300133 200ami nip Wiki Loht nil Aunon ii big. Lip a l7 �0 03 by Gir 20 .3 Hov Ningui 39 in was text a Ihbe 1jj. A am a eco to in i hindu i in can of my i a to pm Stock Okho Thop Tiku air Bro foul ii i a Awill Tell dig Stock 1 or do is Homo Ommo b eve nut atm lab Tom a a fund prices Issue rising i to 4 /. Chrysler has signed a Teller of Talent to buy american motors. Chrysler gained i tos3 i. Detroit Edison was second for the week falling to to i world was third gaining 4% to 291. On Friday the company said ils Board rejected a $28-a-Sharc takeover bid from new York investor Martin sos Nolt As inadequate and would consider a variety of Harper & Row was the week s big Gisl Point gainer rocketing 2sft to 5ptt after it received a so a share takeover bid from Harcourt Brace Jovanovich on wednesday. Reebok Rose 6 a to 43, it agreed to acquire Avla group internal tonal a competing manufacturer of athletic shoes for $ i so million. Allegheny International gained a lo24 the company agreed to be acquired by first Boson corp. Inco cased i to 5vt Inco and Owens Illinois which is being purchased were dropped from the Dow at he Start of thursday s trading. Airline issues weakened. Us air fell 4%to 46 a while Nwa dropped 4m to 69 a. Standard & poor s Soo Slock Index slipped 0.77 to 289.89. The new Yor Stock Exchange composite Indin cased 0.1410165.31. The number of shares changing hands on the new York Slock Exchange during the week totalled 852,461,330, compared. With 89 i .394,180 a week earlier and with 880,834.140 shares traded during the same week a year Dow transportation Index fell 22.89 to 935.32, the Utility Index lost 2.53 to 216.55, prices Rose in Active trading on inc american Stock Exchange. The american Stock Exchange Index Rote 2.86 id a record 332,45. Gainers outpaced town 307-298 among the 832isiucs traded. Volume was 78,689,620 Sharei compared with s1,274.860 traded last week and 92,235,479 during inc same week � year ago. Wickes led the amex actives unchanged at 3v Home shopping network followed falling Cut to 24v4. Texas air third. Sliding set to 42rt. The National association of securities Dekart Index of Over the counter stocks jumped 2.50 to 431.97. From Page 19 Colo Tufili to u Tienlu t to t my t is Tim tie by t Eota to on Tepi pm hic tip of Ouji Ano come Fetn 731 7h72 t.b2 a bb4an bs3 so 902 741 thl 109 b4i h by �741 to Tina 7oi bos us 117 7747bs in 13 Hulen la j Bimm 1149 it ii hmi5u 4jj3nlii nun of Brilt r to o re plot. R bus stun a a 0 up Inman in to Eseta irn so hmm and u19 do it Kei Tiu to m a in no. Ii text ton i 14uhl x u 11miiin Noiin � in i 13 it ii Iii Iota to suits to ii Mill tuna i so off 11 n not it 11 ii 111 14 1 la ii Annprimm i fan Vil Fob Ophi a Ted ctr Mua Una i my Mun no must pm can it 1117 4j 114114 12 ismufli7iri ill no i 1%�nl a Jim 1jiini Umil by ill a. To i h44ini 0, i7iihl a wow Hal l4sl i 01141 my Al Rcw it Minfu it
