On 17/11/2007, Ray Saintonge
<saintonge(a)telus.net> wrote:
Thomas Dalton wrote:
Being able to fund activities off capital gains
would be very useful,
but really it requires large endowments to work. Building up a fund
from small fundraisers isn't going to work.
Capital gains are not a reliable investment, especially not in the short
term. Short term capital gains are mostly a matter of good luck.
Putting the cash in a savings account still constitutes capital gains.
The term doesn't refer just to risky investments.
Money put into a savings
account yields interest income, not capital gains.
A capital gain is the increase in the value of an asset. When the
market value of a company's share increases from its original cost that
is a capital gain. When you sell a piece of land for more than you paid
for it without having altered it since you bought it, that is a capital
gain. If these values go down, it is a capital loss.
Ec