OT--lemming opportunity in ET--OT | CLNY Message Board Posts

Colony Capital, Inc.

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  • Here We Go Again: Apparently, it's just one of those years. We here in the Greater New Orleans Area now find ourselves "in the cone" for the 7th time this year. And while we more or less dodged bullets the first 6 times, it looks like this time Zeta is going to hit close enough to do damage. We can only hope it stays a relatively minor Cat 1 & weakens upon approach. But preparations are once again in order for those of us living along the central Gulf Coast. Members with family or other interests in the affected area are welcome to post on the new Hurricane Zeta Self-Help board we just set up. Good luck & stay safe! 

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Msg  8528 of 9398  at  9/19/2019 9:59:03 AM  by

lpoho


 In response to msg 8521 by  Watertowner62
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Re: OT--lemming opportunity in ET--OT

Right about now I'd be flipping my ET purchased on 9/17, but I've decided to transfer the new units to my main account, where I have a boatload of units, to keep them.
By holding on the units purchased I reduce my cost basis in the existing unit account slightly and do not book a profit this year.
Because of the accounting for partnership investments, the new cost basis is averaged in with all of my other lots and a sale in that account is not applied to individual lots - it is applied to a melded average of all shares.
I continue to be very positive on this name and don't mind holding it and getting well paid by distributions while I do nothing.


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