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01-30-2018, 09:54 PM | #1681 | |
Veteran
Join Date: Oct 2008
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Quote:
Worse yet are the panickers who sell at the bottom and stay in cash. Emotional investing is bad investing; cooler heads prevail. |
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Posts: 1,606
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01-30-2018, 10:21 PM | #1682 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,698
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02-02-2018, 12:20 PM | #1683 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Can someone explain to me who and what estimated taxes should be paid through the year from selling stock? I have done lots of reading and it’s comfusing who must pay through year and who can just wait to pay these when they file their taxes for the year?
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Posts: 46,097
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02-02-2018, 01:19 PM | #1684 | |
MVP
Join Date: Aug 2005
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Quote:
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Posts: 14,601
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02-02-2018, 02:10 PM | #1685 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Here is some decent explanation of underpayment rules. Underpaid is different than owing. Underpaying means the IRS is going to fine you. Owing just means you have a liability but no penalties. Basically it says that if you owe a grand or less you're good (total tax - withholding). Or you've paid the lesser of 90% of total tax due OR 100% of PY tax liability. And that is assessed capital gains. Gains in a retirement fund are not taxed. So you're just looking at whatever you've sold outside of retirement. I'd say if you are withholding enough for you and your wife, and unless you have a SHITLOAD of gain, you're probably good. |
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Posts: 57,771
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02-02-2018, 02:18 PM | #1686 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
All speculation of course, that's why they call it speculating, not hedging, but yeah. There shouldn't be any other cost. |
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Posts: 57,771
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02-02-2018, 02:38 PM | #1687 |
Champion Golfer Of The Year
Join Date: Aug 2001
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That's my take. The mental side of debt has always been the toughest part for me. Once I got a handle on it, and eliminated it, I could breathe. For some reason, that's just how I'm wired.
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Posts: 35,336
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02-02-2018, 02:52 PM | #1688 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Buehler’s response is a perfect example. Those scared of Trump who moved money, lost 20%+ gains easily. Quote:
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Posts: 46,097
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02-05-2018, 12:46 PM | #1689 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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It's weeks like this where I really wish I could time the market. I've had a lot of money evaporate over the past few days.
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Posts: 142,832
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02-05-2018, 01:13 PM | #1690 |
MVP
Join Date: Jan 2007
Location: Missouri
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Posts: 8,660
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02-05-2018, 01:31 PM | #1691 |
Fish are scared of me
Join Date: Nov 2001
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I put stop losses on my whole porfolio and half of them have hit.
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Posts: 40,698
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02-05-2018, 01:45 PM | #1692 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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I guess I'm kind of lucky because my cash position has been high (15+ percent cash), just because I wasn't finding stuff I wanted to buy. I've been buying a little each day, so hopefully it'll come back quickly.
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Posts: 142,832
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02-05-2018, 02:10 PM | #1693 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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I started typing a post that we'd given up almost the entire years gains. We were down to .40% YTD. Got distracted for 15 minutes or so and looked again and it's dropped off a ton more; were now - .38 for the year
edit: that was crazy. I wonder if some banks algo went haywire. At 3 PM EST the market fell off a cliff then corrected back just minutes later. Last edited by ChiliConCarnage; 02-05-2018 at 02:30 PM.. |
Posts: 6,348
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02-05-2018, 02:14 PM | #1694 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Quick question. If a person was to break open his fifth floor window and jump, would it kill him or just maim him?
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Posts: 142,832
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02-05-2018, 02:40 PM | #1695 |
Starter
Join Date: Jan 2013
Location: Littleton, CO
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Maybe you'll get it right someday, best of luck. I'm only in mutual funds, American and Putnam, so if I want to move from aggressive equity funds to bond funds there is no fee. I was thinking there would be a correction, took five weeks into the year. There will be a rebound coming up, but I'm still expecting a bear or at least flat equity market through this year. Bond funds are yahhhhh.
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Posts: 248
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