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#6511 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1014734
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Quote:
I'd guess you won't achieve the same returns as you diversify out of stocks. So maybe don't knife them just yet. But I would ask them their fee structure. If you don't like what you hear, a lot of outfits have target dated funds, you could do the math and split your current savings into the requisite funds. |
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Posts: 57,558
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#6512 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $346198
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So I bought stocks after the market crashed from covid and have pretty much doubled my money. With a Biden administration and a Dem win in GA the capital gains tax is guaranteed to go up. It will probably double or more. Also the Dem win in GA will probably cause a sell off. That scenario along with the fact that I probably won't be able to duplicate that investment performance anytime soon gives me pause. So with all that I'm thinking about selling all my stocks before Jan. 1 2021. Which is like today.
Is that the right move or would it be a **** up?
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#6513 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2018491
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Quote:
Here's what the difference is: https://www.investopedia.com/article...-tax-rates.asp
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Active fan of the greatest team in NFL history. |
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Posts: 142,337
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#6514 | |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $346198
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Quote:
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Posts: 15,307
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#6515 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1014734
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Quote:
Plus, you'll be looking at Short term Gain on the stock sales, which isn't as favorable. Here is an article that explains the difference, then the tax rates which are based off AGI. https://www.investopedia.com/article...-tax-rates.asp Spoilered for DC stuff
Spoiler!
You're best bet is to follow your system, make the most money you can and pay the assessed tax. Managing your trading strategy around uncertain tax circumstances is usually spending dollars to chase dimes. |
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Posts: 57,558
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#6516 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $346198
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I guess I need to practice the "Strong Hands" approach and just hang on. I already have a lot of Capital Gains to pay from the sell of some rental properties so I really wasn't wanting to add to it. I'm just and Uneasy Rider with Joe and then Kamala waiting in the wings. The Dems could really **** shit up.
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#6517 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1014734
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Quote:
Now, that doesn't mean that they can't implement changes that will dramatically affect your situation, but w/r/t cap gains, there is a fairly low probability. Let's be real here. There has been a ton of money made in the stock market over the last 4 years. And the current group, above all else wants to get re-elected. |
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Posts: 57,558
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#6518 | |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $346198
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Quote:
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Posts: 15,307
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#6519 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1014734
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Yeah, I'm not particularly qualified to speculate on the election's effect on stock prices.
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Posts: 57,558
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#6520 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $621900
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Quote:
Instead of outright selling you could set stop limit orders or lock in profit on 50% of you position and leave the rest to run if the market continues to climb higher. |
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Posts: 46,019
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#6521 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $346198
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I'm just kind of thinking out loud on here and I appreciate the feedback.
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#6522 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $621900
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Quote:
If worried, protect your capital with stop losses to avoid huge downside risk but place them far enough away that it doesn’t trigger selling currently. |
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Posts: 46,019
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#6523 |
MVP
Join Date: Jan 2013
Casino cash: $475541
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So, I apparently have a collections with a lawyer now, I haven't been served yet but once I found out I contacted the lawyer and offered to settle it. Does anyone have experience with this. I guess I was just ignorant to it and now I'm ****ed. Trying to not let it hit as a judgement. I checked my credit and it's the only negative thing on it.
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Posts: 10,692
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#6524 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $430477
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If playing the EV market I'm pretty sure dementia in the White House will be good news for you. He wants to spend like 500 billion on green energy crap . He's stated he wants 500 ,000 charging station in the US. Think SBE ,BlNK and BEEM. They've been running hard anyway.
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Posts: 40,721
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#6525 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1014734
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Quote:
Do you have the money? |
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Posts: 57,558
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