1.   The pros remain comfortably ahead in this series of overlapping six-month contests, measured both in overall score and average investment gain.

2.   Analysts included these losses in operating income, just as they included investment gains in previous quarters.

3.   And it excludes large investment gains, like those from the sale of a house or stock.

4.   Another reason is that you pay no taxes on your investment gains until you withdraw the money, presumably many years from now.

5.   Assuming that there are investment gains, your method probably would leave you holding substantially less after-tax money in your Roth by the time the four years have elapsed.

6.   At the end of the year, it may turn out that the only investment gains you make will come from dividends.

7.   At the same time, managers adopted more optimistic assumptions about future investment gains.

8.   Bear in mind, however, that your investment gains in a variable annuity will be taxed at ordinary income rates when you take your money out.

9.   A year earlier, the company reported no investment gains or losses.

10.   Accounting rules allow companies whose pension assets exceed their liabilities to feed the investment gains into their profits.