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When to Sell Stocks and Tax Exempt Bonds Advice
Q I enclose a long list of stocks. When I wrote you about them five years ago you suggested I sell many of them. A Just what you should have done five years ago sell those which are speculative or very low yielders. I take no credit for the lower market prices. You had no business in speculative oil electronic or computer stocks then and you have less now. Q I think you should warn bond buyers that they will lose money if the issue is retired. A Such a blanket warning is not in order. If you buy new bonds at par you cannot lose money on redemption. A If you are attracted to high coupon issues you may lose if called. Q I've been sending $100 a month for years to acquire land. Is land a good investment A Fortunes have been made in real estate but you should not go out with a $5 bill. Q I have $5,000 to put into tax exempt bonds. A I have no list. Your broker may have one. Q With coal looming in energy could you recommend some stocks A No but a coal study names several companies. Q I pay $320 in income taxes Should I sell bonds and stocks for tax-exempts A Not necessarily. A $320 tax bill does not indicate a need for tax-exempts. Q A man buys 100 shares at 50 then sells at 40 Who has the $1,000 A The seller bought at 50. Mr Shulsky invites written questions for The Gazette. King Features Syndicate Inc