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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, 08:10 AM   #6166
Buehler445 Buehler445 is offline
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Is it because of the vaccine test results?
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Old 11-09-2020, 08:21 AM   #6167
IowaHawkeyeChief IowaHawkeyeChief is offline
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Is it because of the vaccine test results?
Appears to be because of the 90% effectiveness with little side effects.
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Old 11-09-2020, 08:22 AM   #6168
Hammock Parties Hammock Parties is offline
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i'm rich, biatch!
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Old 11-09-2020, 08:49 AM   #6169
Hog's Gone Fishin Hog's Gone Fishin is offline
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I guess as people get vaccinated the first thing they do is cancel their Netflix.
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Old 11-09-2020, 09:02 AM   #6170
Munson Munson is offline
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Airline stocks up big time.
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Old 11-09-2020, 09:28 AM   #6171
BigBeauford BigBeauford is offline
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Airline stocks up big time.
Hell yeah!
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Old 11-09-2020, 10:39 AM   #6172
Rain Man Rain Man 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.
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Old 11-09-2020, 10:43 AM   #6173
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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’m still waiting to go on a cruise that was scheduled in May. I think it’s going to be a while before I can reschedule it. If they do open them back up, there’s going to be a huge backlog of people like me that want to reschedule their cruises as well as people wanting to book new ones.
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Old 11-09-2020, 10:48 AM   #6174
Rain Man Rain Man is offline
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I’m still waiting to go on a cruise that was scheduled in May. I think it’s going to be a while before I can reschedule it. If they do open them back up, there’s going to be a huge backlog of people like me that want to reschedule their cruises as well as people wanting to book new ones.
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.
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Old 11-09-2020, 10:50 AM   #6175
Hog's Gone Fishin Hog's Gone Fishin is offline
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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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Old 11-09-2020, 10:52 AM   #6176
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by Rain Man View Post
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   #6177
BigBeauford BigBeauford is offline
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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   #6178
Hammock Parties Hammock Parties is offline
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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   #6179
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   #6180
rydogg58 rydogg58 is offline
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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!
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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