These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.

For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.

Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.

In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.

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Wednesday, July 16, 2008

Arch Coal's Second Quarter Conference Call to be Webcast, Podcast

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Comtex

ST. LOUIS, July 16, 2008 /PRNewswire-FirstCall via COMTEX/ ----

 -- - Arch Coal, Inc. (NYSE: ACI)

will discuss its second quarter 2008 financial results in a conference call that will be broadcast live over the Internet on Friday, July 25 at 11:00 a.m. E.D.T. Participating on the call will be Arch's Chairman and Chief Executive Officer Steven F. Leer, President and Chief Operating Officer John W. Eaves, and Senior Vice President and Chief Financial Officer John T. Drexler.

The webcast will be accessible via the "investor" section of the Arch Coal Web site at http://investor.archcoal.com. Following the live event, a replay and podcast download will be available on the site for approximately one month.

Arch Coal's second quarter earnings release will be distributed via PR Newswire before the market opens on Friday, July 25, and will be posted to the company's Web site at that time.

St. Louis-based Arch Coal is one of the largest U.S. coal producers, with revenues of $2.4 billion in 2007. Through its national network of mines, Arch supplies cleaner-burning, low-sulfur coal to fuel roughly 6 percent of the nation's electricity. The company also ships coal to domestic and international steel manufacturers as well as international power producers.

SOURCE Arch Coal, Inc.

http://www.archcoal.com

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