I've made a little over a grand on DTCR since last March.
I know it's not the 5 or 10 baggers you all make on some of your trades, but I'm happy.
I know it's not the 5 or 10 baggers you all make on some of your trades, but I'm happy.
I guess selling half today would have been better. I was waiting for 50, sold at 55.50, and today is over 60. Thinking about selling the other half now.Congrats !👏
Wow just saw mega drop in SMCI ...falling from 67 to 55...I guess selling half today would have been better. I was waiting for 50, sold at 55.50, and today is over 60. Thinking about selling the other half now.
You would Google Wash Sale. If I sell for a loss in December, I don't buy it back until February.Tax loss question:
I'm sure this is simple but I've never actually done it.
I'm considering selling stocks I'm down on to harvest the tax loss (to offset the NET profits) and then immediately rebuying them. For ex. - I'd harvest about $16 a share if I sold FUBO and then rebought it. I don't want to miss out on potential profit if FUBO gains from it's new partnership.
There's no issue with this, is there? I'm not missing something simple. am I?
Looks like your suspicions might have been correct. Trump tells Defense Department to prepare for budget cuts (which I've always supported), but the news hit Palantir like a ton of bricks crashing the stock.
Wash sale rule kicks in 30 days before and 30 days after the sale. So you realistically want to be 30 days from your last buy of a stock, and then you can't rebuy it or something substantially similar, for 30 days. (So don't sell an S&P500 fund and then buy a separate S&P500 fund)You would Google Wash Sale. If I sell for a loss in December, I don't buy it back until February.
I understand it to be 31 day wait to buy back but some sites are suggesting 60.
I put it a sell order in for 66.5. Never hit it. Looks like it will open lower today. Might have missed the high.Wow just saw mega drop in SMCI ...falling from 67 to 55...
PLTR suddenly dropped 10% as well.
Not seeing any news.
*POP* goes the AI bubbleI put it a sell order in for 66.5. Never hit it. Looks like it will open lower today. Might have missed the high.
^ I heard today on CNBC that people are starting to look at European and Asian stocks as an alternative to USA.
Makes sense, I do the exact oppositeI was thinking about this today.... small cap stocks (which I like to trade) vs large cap stocks
Small caps are exiting, big caps not so much but they are safer.
In the end you are like a store owner. You buy stock for your store and sell it later for a higher or lower price. If you can do that with big caps or small caps in the end its about selling your "inventory" for a profit.
Patience is a key skill I lack. Just yesterday I bought REBN, a crappy coffee company (they all usually suck) because they are transitioning from just a wholesale bean operation into a full blown franchising play. Granted they are entering a field with fierce competitors and I dont completely have a grasp of how they will make money as a franchisor but a short time later they announced the creation of 33 new franchisees and the stock jumped from 3 to 6. I bought too soon and went all in at 6. I could have sold for a small profit but I wanted more. In the end I got frustrated and got rid of it close to what I paid.
The very next day they announced plans for more international locations and it went to 8 dollars. Eight is what I wanted as it is the next reasonable "fib" level and all I had to do was wait 24 hours.
Here is the chart:
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Exactly, they use their power to get funded by tax-payed programs and cut taxes for themselves. It is trickle up economy, and pure megalomaniacs. They already own more than they can spend in a lifetime, they have more power than most, but it will never be enough.Its easy to say billionaires are subsidizing everything when you have nearly 1/2 trillion dollars. However based on what I've read, the worlds top billionaires pay very little as a percentage of income. So he is not subsidizing as much as he thinks he is.
There was a very good article I read a few years ago breaking down how billionaires avoid income taxes by getting loans against stock holdings. Loans are TAX FREE! What little they do pay is 10% or less. The average worker pays 25%.
So who is subsidizing who?
I knew there was no way that tweet was real and sure enough it is not.Yep I also noticed.. Warren Buffet who's always advised everyone to buy index funds took all his money out of SPY & VOO.
And lets be honest.. laying off 10 million people is a nice way to start an economic depression! But that's what DOGE is going to do..
This is a deleted but actual tweet from DOGE
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I’ve been doing this for months. Started off only buying international to reduce my US exposure over time and over the past few weeks accelerated it in retirement accounts where I don’t get hit with taxes. I’m aiming for 35-40% internationals in the equity part of my portfolio.^ I heard today on CNBC that people are starting to look at European and Asian stocks as an alternative to USA.
Unfortunately... It seems like this administration wants to hit every possible "make economy bad" button.Oooh.. so is the crash coming?
Unfortunately... It seems like this administration wants to hit every possible "make economy bad" button.
Good for me I guess since I held off on some investments, but bad for me because I like having a job to keep a roof over my head and clients that can pay for my company's services.
Forcing people unnecessarily back to the office was a stupid move. It seems a lot of it was just constructing reasons to fire people or force them to quit, so you don't have to pay unemployment. Teams are spread all across the country, even before the pandemic. Having to have your Teams phone call in some bullshit bullpen instead of your home office is garbage. It might have been different if companies actually created spaces where people could work, like giving them offices. And they're also just hurting their businesses by limiting their access to top talent. We're not in the 50s where only one household member is working.There's always blowing it up... and then once people accept they are going back to the office, build it back up again.