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#6121 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
Casino cash: $1646717
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Posts: 14,404
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#6122 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $-462449
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This is where the math can be cruel. I was down roughly 70 percent on my cruise line stocks. They rose 35 percent and now I'm only down 60 percent. But hey, it's still a big win.
I'm kicking derrieres and taking names today. I just held a lot of my most embattled stocks and even added a little to some of them over the past six months. Today is a great, great day.
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Active fan of the greatest team in NFL history. |
Posts: 145,264
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#6123 | |
Court Jester
Join Date: Aug 2000
Location: Orlando
Casino cash: $-607600
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Posts: 20,676
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#6124 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $-462449
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Quote:
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Active fan of the greatest team in NFL history. |
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Posts: 145,264
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#6125 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-1429523
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Added some more SBE today. With Dementia in the oval he wants to spend 1.3 trillion on EV infrastructure.
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Posts: 40,646
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#6126 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-1429523
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Posts: 40,646
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#6127 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
Casino cash: $1646717
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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! |
Posts: 14,404
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#6128 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1020478
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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
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Chiefs game films |
Posts: 296,745
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#6129 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $-462449
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Quote:
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Active fan of the greatest team in NFL history. |
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Posts: 145,264
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#6130 | |
Veteran
Join Date: Oct 2002
Location: Bismarck
Casino cash: $-1331804
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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. |
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Posts: 1,665
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#6131 | |||
MVP
Join Date: Oct 2012
Location: Lenexa, KS
Casino cash: $1646717
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Posts: 14,404
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#6132 | |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
Casino cash: $10023443
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Posts: 17,387
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#6134 | ||
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1375266
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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. |
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Posts: 59,933
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#6135 |
Andy Reid Supporter
Join Date: Apr 2012
Casino cash: $-1420389
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Feel like I need to buy an airline stock and just let it sit. Seems like a slam dunk that it will come back
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Mike Greenberg@Espngreeny I can’t fathom what it must be like to be a fan of the #Chiefs. Adopt a Chief: Jared Wiley |
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