Timing isn’t everything, but it’s an awful lot of things. Love, for example. Or cooking. Or stoplights. Or blog comments and comment spam. Or capital gains.
Short term capital gains, defined as those made when you hold an asset for one year or less, are taxed at thirty percent. Sell after a year and a day, and you’re taxed at fifteen percent. The trick of course is knowing the value a year and a day later– and of course whether the tax rate will slip out from under you in that time. And if I knew things like that, honey, I would live in a much, much bigger house.
Secretly Ironic 