Buffet dumping stocks?

[loboloco]

Got an e-mail today from Utility forecaster that Warren Buffet and George Soros both are dumping stocks.
This message is obviously a blurb for utility stocks but some of the information was fascinating.
The author of the piece is a Robert Conrad.

 

[Big Dog]

The author of the piece is a Robert Conrad.

I thought he was dead .................

 

[Melensdad]

Many people are selling between now and the end of the year (not just stocks) to pay their gains at the CURRENT capital gains tax rates. Many will then turn around and repurchase (not just stocks) so that any future gains will get the NEW capital gains tax rate but it protects their prior gains from the new rate. Essentially it resets the clock. Past gains at the old rate, future gains at the new rate. Instead of all gains at the new rate.

 

[FrancSevin]

Many people are selling between now and the end of the year (not just stocks) to pay their gains at the CURRENT capital gains tax rates. Many will then turn around and repurchase (not just stocks) so that any future gains will get the NEW capital gains tax rate but it protects their prior gains from the new rate. Essentially it resets the clock. Past gains at the old rate, future gains at the new rate. Instead of all gains at the new rate.

A perfectly legal Tax "loophole"

But Buffet is a democrat so it is OK.