Glad u acknowledge a rerate is imminent:) The difference is, LT...

Glad u acknowledge a rerate is imminent
The difference is, LT hold during a potential start of a new cycle will get u the capital gains discount on multiple rises. If u like to trade, and risk getting caught out, by all means go ahead, but dont call urself clever just because your style of trading is different. When u have a sheet load of money, the discount matters. Now to be able to even come up with huge amounts like that, you'd certainly have to be clever. The discount for some, will knock them down a whole tax bracket.

You know ive grown quite sick of hearing all these Warren Buffet references, but in this case he is a clear example of true cleverness, and guess what, he holds LT.