No. of Recommendations: 1
What does the "original purchase price" have anything at all to do with allocating the capital today?
(a) Cap gains on the WFC stock, which is selling for ca. 3x what I purchased it for. Not so much the BP. Now that I'm in Portugal, cap gains rate is 28% unless I succeed in gaining the IFICI tax status and that acts as I understand it to on foreign cap gains.
(b) I expect yields and bank interest rates in the US will continue falling as the Orange Thing thrashes about destroying everything in sight to enrich himself, and eventually seizes full control of the Fed.
(c) Together they represent something like 5% of net assets, not worth spending much time thinking about.
YMMV.
