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#1651 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Recommendations on where to open a 529 plan?
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Posts: 45,969
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#1652 | |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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Quote:
It's worded like you just took $200 and made it into $20K in a couple of months. |
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Posts: 8,286
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#1653 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,672
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#1654 |
Veteran
Join Date: Aug 2004
Location: Indiana
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Posts: 1,802
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#1655 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Posts: 52,172
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#1656 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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Yup. My 15 are now 1365
After seeing some vids about how Futures are going to drive the price of BTC up shortly after 1/26, I'm good with staying in. May buy some more on a dip into the $1400 if that happens but for now, I'm good where I'm at. |
Posts: 8,286
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#1657 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
https://www.fidelity.com/go/529-ariz...kDYQ&gclsrc=ds |
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Posts: 45,969
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#1658 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Hog, when we selling X Stock?!?!
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Posts: 45,969
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#1659 |
Fish are scared of me
Join Date: Nov 2001
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The next 2 days will be interesting. Trumps state of the Union speech should boost infrastructure stocks and then 1/31 the earnings report for X makes me nervous. I'm thinking of just putting a stop loss at 38.25. If we make it though the earnings report it should move on up some more since it finally broke $40.
If the stop loss gets triggered I may move my X money to NUE or STLD and stay in steel. I already own both those anyway. Still thinking GE needs to be bought at some point. But I'm thinking $13. When they spin off their trash sectors this year it could gain 100% over 6 months. IMO. X seems like its been moving slow but my chart says it's up 16.94% since Jan 1. Last edited by Hog's Gone Fishin; 01-29-2018 at 04:33 PM.. |
Posts: 40,672
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#1660 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I like to see it hit $44 before I sell my shares. |
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Posts: 45,969
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#1661 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Also Hog Farmer. I bought my shares of X on May 3rd, 2017. If I sell before this date, I pay 25% tax. If I sell after this date, it's 15%. Correct? Would that change your selling strategy?
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Posts: 45,969
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#1662 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Short term capital gains are taxed as ordinary income. Long Term Capital Gains have their own brackets based on the brackets your Taxable income falls under. It's stupid, yes, but most likely it is whatever your ordinary tax rate is vs probably 15%. https://www.fool.com/taxes/2017/12/1...s-in-2018.aspx |
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Posts: 57,467
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#1663 |
Fish are scared of me
Join Date: Nov 2001
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I'm not aware of that. are you saying your tax liability drops to 15% if you own them 1 year ??
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Posts: 40,672
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#1664 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,467
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#1665 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
It does drop for lost people as it’s comsidered a long term capital gain after holding a year. See Buehlers article. Very helpful. |
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Posts: 45,969
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