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On the other hand, seasoned investors may want to grab a bit of the Chinese action now in hope of generous gains.
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Take a deep breath, call your financial advisor and look for other smart ways to turn a lamentable loss into generous gain.
Meanwhile, you've harvested a tax-free gain and eliminated the risk that Congress will take away the generous $500,000 gains exemption before you sell.
But in Australia the concept is alien, partly because of a tax system which fosters investment in the residential sector by providing generous capital gains tax discounts and negative gearing.
In addition to the green infrastructure bank, there will be a growth fund for small businesses, an ombudsman to whom companies can appeal if their bankers give them a raw deal, the extension of the time to pay tax scheme for the whole of the next parliament, more government contracts, higher capital allowances, tax breaks for patents and a more generous capital gains tax regime for entrepreneurs.
That's a lot of aftertax dollars, given today's generous capital gains exclusions on residential property.
Generous capital gains allowances will help talented people achieve their compensation expectations via the equity upside.
And the legislation wouldn't just eliminate the estate tax -- it would also allow heirs to escape the already-generous capital gains tax on any stocks and real estate they receive.
Yet interest payments will remain generous: all future gains in taxation will be destined to the payment of public debt.
Dr. Bachofer is among those experts who called that approach generous, because large gains in one subject or grade might mask declines in several others.
Ms. Gregoire could take her chances or accept terms less generous than those gained by Minnesota.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com