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I've successfully sold off all my "boycotted" stocks. Now what

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
PretzelWarrior Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:10 PM
Original message
I've successfully sold off all my "boycotted" stocks. Now what
do I do with all my money since the rather far-reaching boycott has caused a 95% divestment of my mutual funds. (Still have 5% in a badly tanking "Green Fund" stock)

Should I buy gold? US Bonds? Real estate? Go to Vegas?

Need to know before end of year when tax implications will be involved.
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Lefta Dissenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:12 PM
Response to Original message
1. Donate it to DU! (eom)
:hi:
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Wickerman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:13 PM
Response to Original message
2. I'd leave it in MM until after the election
You have time - its safe, and gawd only knows what the market will do come the 3rd if we don't have a winner.
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BootinUp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:15 PM
Response to Original message
3. Do any of the stocks you sold
have strong competitors? You might pick a couple good ones to invest in and further hammer the scum.
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WMliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:15 PM
Response to Original message
4. us bonds
with the debt going up, they're more than happy to pay a good rate for the forseeable future.
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Xipe Totec Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:16 PM
Response to Original message
5. Keep it in cash until after the election
If Kerry wins, reinvest in American companies.

If Bush steals the election, invest in foreign companies.

Hey, if you can't beat them, join them.

:grr:
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IChing Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:16 PM
Response to Original message
6. Euros
many markets to play with
wind generation, (european danish) or US but must be independent not GE
solar power generation
real estate will tank soon
there are reliable firms that support progressive companies on wall st.
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AndyTiedye Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:18 PM
Response to Original message
7. You Can Make Tax-Deductable Donations to Verified Voting
http://www.verifiedvoting.org.

At this point, theft of the election is the greatest risk we face.

Save Some to Pay the Capital Gains Taxes, since you already sold the stock.

IF YOU HAVE STOCK THAT HAS A CAPITAL GAIN, DONATE THE STOCK DIRECTLY,
RATHER THAN SELLING IT AND DONATING THE PROCEEDS.

If you took a loss on the stock, the above does not apply, of course.
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:38 PM
Response to Original message
8. Well bless you
That was terrific, thank you so much. This is what we need to do, sell all this stuff. I'm thinking interest is going to go up, how do you make money when interest goes up?
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smiley_glad_hands Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 03:43 PM
Response to Original message
9. Target, Cosco, and Progressive Insur.
All are founded/owned by dems.
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sontec Donating Member (45 posts) Send PM | Profile | Ignore Mon Oct-18-04 04:56 PM
Response to Original message
10. SHORT SBGI
use a stop-loss though.
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