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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
A place to talk about investing stuff.
Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 11-09-2020, 10:52 AM   #6166
Hog's Gone Fishin Hog's Gone Fishin is offline
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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.
I know , it's not fair that a stock drops 50% yet has to gain 100% to recover that. We need someone with authority that can change these stupid maths.
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Old 11-09-2020, 12:00 PM   #6167
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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!
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Old 11-09-2020, 12:05 PM   #6168
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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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Old 11-09-2020, 12:07 PM   #6169
Rain Man Rain Man is offline
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Originally Posted by BigBeauford View Post
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!
Definitely hold it for a year to minimize taxes, as Hammock said.
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Old 11-09-2020, 12:09 PM   #6170
rydogg58 rydogg58 is offline
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Originally Posted by BigBeauford View Post
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!
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.
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Old 11-09-2020, 12:10 PM   #6171
BigBeauford BigBeauford is offline
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Originally Posted by Hammock Parties View Post
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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Definitely hold it for a year to minimize taxes, as Hammock said.
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Originally Posted by rydogg58 View Post
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.
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Old 11-09-2020, 12:33 PM   #6172
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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"...
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Old 11-09-2020, 01:05 PM   #6173
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yeah, until everyone gets polio from the "vaccine"...

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Old 11-09-2020, 02:02 PM   #6174
Buehler445 Buehler445 is offline
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Originally Posted by BigBeauford View Post
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 View Post
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.
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Old 11-09-2020, 02:46 PM   #6175
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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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Old 11-09-2020, 03:20 PM   #6176
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Wow- huge Green day, largest I have ever had- my entire portfolio is Green today- 9% gain.
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Old 11-09-2020, 03:25 PM   #6177
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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.
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Old 11-09-2020, 03:33 PM   #6178
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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.
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Old 11-09-2020, 03:47 PM   #6179
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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
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.
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Old 11-09-2020, 04:08 PM   #6180
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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.
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