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BigBeauford 11-09-2020 12:10 PM

Quote:

Originally Posted by Hammock Parties (Post 15316063)
Short-term gains are taxed more than long-term gains (over one year).

Adjust accordingly. You may want to hold for a year (March 24th) to minimize tax.

https://www.investopedia.com/article...-tax-rates.asp

Quote:

Originally Posted by Rain Man (Post 15316069)
Definitely hold it for a year to minimize taxes, as Hammock said.

Quote:

Originally Posted by rydogg58 (Post 15316076)
Stocks held less than a year will be subject to a capital gains tax. That tax is calculated based on your income tax bracket. If you sold it after a year, that tax rate is going to be lower.

In the end it comes down to what your investment goals were for that stock. Profit is profit, and you can never go wrong taking it.

Great answers. I think I'll wait for the full year and take the chances. It's a pretty decent tax difference, and I have confidence in the portfolio moving forward. Almost tempting to hold longer.

MahiMike 11-09-2020 12:33 PM

Quote:

Originally Posted by Rain Man (Post 15315856)
If Pfe really has a 90% vaccine, the cruise lines will be back in business strong. I think some of them have lost capacity by scuttling some of their older ships, so it'll be a while before their stock gets back to breakeven on my purchase prices, but I'm tempted to buy more this week when we see a little pullback from today's exuberance.

yeah, until everyone gets polio from the "vaccine"...

DaFace 11-09-2020 01:05 PM

Quote:

Originally Posted by MahiMike (Post 15316133)
yeah, until everyone gets polio from the "vaccine"...

<iframe src="https://giphy.com/embed/3o6YglDndxKdCNw7q8" width="480" height="478" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="https://giphy.com/gifs/nba-basketball-chicago-bulls-3o6YglDndxKdCNw7q8">via GIPHY</a></p>

Buehler445 11-09-2020 02:02 PM

Quote:

Originally Posted by BigBeauford (Post 15316055)
So I'm still new to this whole shebang and wanted advice:

March 23rd I put a bunch of money into stocks. I'm up over 100% of that initial investment. Do I need to wait until March 24th 2021 to withdraw to avoid recording the gains as part of my standard taxable income? Or do I just need to wait for Jan 1st 2021? Or does any of this matter and I could cash out today. Thanks yall!

Quote:

Originally Posted by BigBeauford (Post 15316077)
Great answers. I think I'll wait for the full year and take the chances. It's a pretty decent tax difference, and I have confidence in the portfolio moving forward. Almost tempting to hold longer.

It depends on what your ordinary income is taxed at. The difference between short term and long term gain taxes is usually not a lot. Regardless of the gain type those forms are a pain in the cock to fill out regardless of which type of gain.

Here’s my recommendation. If your plan was to get it out, and you’re at 100% profit I’d get some out for sure. Easiest way is to get your initial investment amount out. Then you can roll with the profits. It’s unlikely you’d let the thing get to 0 so you’d be locking in a profit. There are other things you can do, like various kinds of stops and whatnot, which might yield better in a down turn, but those take some knowledge and management that you may not be comfortable with.

If your goal was to get it out, I’d definitely do some, anyway.

RunKC 11-09-2020 02:46 PM

Feel like I need to buy an airline stock and just let it sit. Seems like a slam dunk that it will come back

Halfcan 11-09-2020 03:20 PM

Wow- huge Green day, largest I have ever had- my entire portfolio is Green today- 9% gain.

Shag 11-09-2020 03:25 PM

Quote:

Originally Posted by Halfcan (Post 15316612)
Wow- huge Green day, largest I have ever had- my entire portfolio is Green today- 9% gain.

Not me - I got wrecked today in tech.

Halfcan 11-09-2020 03:33 PM

Quote:

Originally Posted by Shag (Post 15316620)
Not me - I got wrecked today in tech.

I am mostly in the Finance sector- World banks and investment companies.

I bought when they were all down 60% and my entire portfolio is green now sans 5 speculative stocks I have and those are very close to breakeven.

Great day today- I hope it holds.

Rain Man 11-09-2020 03:47 PM

Quote:

Originally Posted by RunKC (Post 15316537)
Feel like I need to buy an airline stock and just let it sit. Seems like a slam dunk that it will come back

Yeah, I've been thinking similarly. I think the cruise lines and airlines have the biggest upside potential but also the biggest risk. I've bought a little more of those, but I had a fair amount in them anyway and lack bravery to do a lot more.

I've been buying little bits of the major hotel chains that I'm pretty sure will survive, as well as casinos. Even if their upside is a bit lower, I figure they're likely to have faster recoveries and I worry less about a bankruptcy to kill all my investment. I don't know if I'm right about that or not, but it's the way I've been moving.

Having said that, I'm not doing anything bold, just adding tiny additional amounts. I'm in a phase of life where I need a home run less than I want to avoid getting beaned in the face by a bad decision.

Hog's Gone Fishin 11-09-2020 04:08 PM

Quote:

Originally Posted by Shag (Post 15316620)
Not me - I got wrecked today in tech.

Me also, i've moved a lot into the EV stocks. They started the day strong but then fizzled. And Netflix was a big loser for me today.

Buehler445 11-09-2020 04:42 PM

Quote:

Originally Posted by Hog's Gone Fishin (Post 15316740)
Me also, i've moved a lot into the EV stocks. They started the day strong but then fizzled. And Netflix was a big loser for me today.

Netflix had a bad earnings call a week or so ago didnt they

Hog's Gone Fishin 11-09-2020 05:08 PM

Quote:

Originally Posted by Buehler445 (Post 15316810)
Netflix had a bad earnings call a week or so ago didnt they

Not sure about that. Todays tank was due to the vaccine that will turn everybody into zombies that are unable to watch TV.

Buehler445 11-09-2020 06:23 PM

Quote:

Originally Posted by Hog's Gone Fishin (Post 15316856)
Not sure about that. Todays tank was due to the vaccine that will turn everybody into zombies that are unable to watch TV.

I had to look it up. Their earnings were off quite a bit.

https://www.google.com/amp/s/www.inv...rnings-4772366

HonestChieffan 11-09-2020 07:06 PM

Quote:

Originally Posted by RunKC (Post 15316537)
Feel like I need to buy an airline stock and just let it sit. Seems like a slam dunk that it will come back

Yes today happened. Should continue to regain for two to three years as regs and travel restrictions emerge

TinyEvel 11-11-2020 10:16 AM

A personal thank you to whoever brought Plug Power to this thread. I bought some at $11.00 a couple months ago, it’s at $21 now


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