Word: teche
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...care crunch, but the exhaustion and lack of familial connection of "ships passing in the night" parenting is hardly a solution. Parents working early and late shifts often turn to the neighbor network, sharing child-care duties with co-workers or plugging in to the tried and true low-tech child-care referral service found on bulletin boards at churches, pediatricians' offices and schools. But even when "the village" takes a hand in raising a child, these same parents should be sure to check references carefully...
...compound in the desert, you'd try to talk him out of it. Right? You'd probably have no luck. Cult members lose their ability to think rationally--an impediment that usually recedes about the time disaster joins the ranks. Way too late. Make no mistake: brainwashed tech-stock lovers are in the same mess, only nobody is trying to talk sense into them. Friends, and Grandma too, have all set up quarters in the same compound...
Last week, though, techies got a glimpse of the smoke and ashes to come. For a few retro days, Dow stocks soared as investors, perhaps sensing an imminent rush to the tech exit, sold all things dotcom. Just about everyone who wanted to got through the door--this time. But if you've made a bundle in NASDAQ stocks and are concerned about their increasing volatility, consider protecting what you've made. Here's how, starting with some basics and moving up the ladder...
...Sell now. Sure, you could miss a move up, and yes, you'll trigger a tax liability. But don't be greedy. If you want to sleep, sell a slug quickly and ratchet down your tech exposure to a comfortable level--30% or so. Too drastic? Consider dollar-cost-averaging out of tech. By selling a set amount each month for, say, 12 months, you'll still benefit from any short-term rallies. The downside: you'll remain vulnerable to a tech sell...
...always best, though. The higher short-term rate may translate into a lower tax bill if gains are modest and the cost basis is high. Consider two stocks: one goes from $10 to $110 in 12 months; the other, from $90 to $110 in six months. You cut your tech exposure by $110 selling either. But the long-term winner triggers $20 in federal tax, based on a 20% capital-gains rate. The other triggers just $7.92 in federal tax, based on the top short-term rate...