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

Colony Capital, Inc.

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Msg  8528 of 8648  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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