Wilson, One of my main vehicles is a superfund operating in a tax free mode, so tax is not a problem. If using a vehicle paying tax need to adjust trade so tax is allowed for. This would tend to leave less "freebies" but it still works in accumulating some long term stocks. Some of my trades like Fosters (FGL) & RCR even pay dividends as well. It is also not a bad idea to keep these potential tax funds in a separate cash management account. Certainly helps if market tanks after end of tax year & you still have the money for the tax liability rather than blowing it in the market during a down turn. Regards Buffett
