***Official*** 2019 Stock Market Thread

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zinfamous

No Lifer
Jul 12, 2006
110,821
29,574
146
I did right before it turned to $30. Last I saw it was up to over $34 but recently went down a bit after earnings.

AFAIK @zinfamous still has his.

welp, hit my $35 sell order today. I checked this morning to confirm, and this was the last day of my 60 day maximum sell order through Vanguard, haha. So, sold off half my shares for 380% profit on original purchase of 100% of shares. Pretty good I guess. So far has gone up to $35.55, so I definitely missed some additional monies. Oh well.

Now just riding the other half to the moon, because why not?
 
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Nov 8, 2012
20,828
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welp, hit my $35 sell order today. I checked this morning to confirm, and this was the last day of my 60 day maximum sell order through Vanguard, haha. So, sold off half my shares for 380% profit on original purchase of 100% of shares. Pretty good I guess. So far has gone up to $3.55, so I definitely missed some additional monies. Oh well.

Now just riding the other half to the moon, because why not?

I figured you sold off when I saw the price. Congrats on holding out.

I'm gonna pocket my extra cash for now and hold on until I feel like nothing but solid gains are on the horizon. Unlike previously I have another mortgage to pay down, it was nice for the couple yeras where I didn't and had more fun money.

Wouldn't hang on to the other half for too long though, AMD/Intel is just one of those industries where each keep winning over the other and then the other one wins, rinse/repeat.
 

zinfamous

No Lifer
Jul 12, 2006
110,821
29,574
146
I figured you sold off when I saw the price. Congrats on holding out.

I'm gonna pocket my extra cash for now and hold on until I feel like nothing but solid gains are on the horizon. Unlike previously I have another mortgage to pay down, it was nice for the couple yeras where I didn't and had more fun money.

Wouldn't hang on to the other half for too long though, AMD/Intel is just one of those industries where each keep winning over the other and then the other one wins, rinse/repeat.


Yeah, I might just set another sell at 45 or something...I don't really expect that, though.

But I basically have to stop myself from any kind of additional sell before the year ends, because any more income would put me above threshold for claiming 50% county property tax rebate. ....so it would be like taking whatever money I earn off of the sale and giving it straight back to the county...that's a lot of lost monies. I'm kinda worried that this sale will actually have hurt me come April. I'm in that grey area where I stand to lose a lot--basically everything on such a sale--because I'm on the threshold of rebates and such, lol.

Oh well.
 
Nov 8, 2012
20,828
4,777
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Yeah, I might just set another sell at 45 or something...I don't really expect that, though.

But I basically have to stop myself from any kind of additional sell before the year ends, because any more income would put me above threshold for claiming 50% county property tax rebate. ....so it would be like taking whatever money I earn off of the sale and giving it straight back to the county...that's a lot of lost monies. I'm kinda worried that this sale will actually have hurt me come April. I'm in that grey area where I stand to lose a lot--basically everything on such a sale--because I'm on the threshold of rebates and such, lol.

Oh well.

wtf kind of jurisdiction gives a 50% property tax rebate based on income? And they count LTCG as part of your income?
 

zinfamous

No Lifer
Jul 12, 2006
110,821
29,574
146
wtf kind of jurisdiction gives a 50% property tax rebate based on income? And they count LTCG as part of your income?

Uh, a whole lot of them, actually? You live in the clouds though, and probably don't appreciate how most people live on their modest incomes. (for me it isn't exactly 50%, it's based on the "amount below maximum qualified.") My current waiver is probably kind of modest comparatively, but it ends up being close to that. ...also probably explains why this county is falling apart everywhere and sinking into massive potholes, lol.

As for the second part, I don't know because I've never sold individual stocks before. This was the first, and probably only purchase for me...so maybe 2 total sells from that? Not sure. Maybe at some point later in life when I'm bored or, at least, not super-impoverished. So I'm not sure how I will have to report this to the Feds and what the state and county consider it as income--I assume LTCG is income is income is income, it's just its own tax rate. Regardless, I have to report all income as income, no?

EDIT: also what's weighing on my thinking is that for 2018, I forgot to adjust my allowances from 2017, which I calculated right after my house purchase that year, buying a point, and you know all of that which comes with buying a house and the deductions for that year. So, in 2018, I had thought that for each tax year, allowances just reset themselves to 0, and you just have to manually re-calculate them everywhere if you want to do your estimated tax payments. SO filling out my returns this year, ...I was hit by a bit of shock, having unknowingly stuck with house-purchase year allowances/deductions in a non-house purchase year, lol. In that same year (2018), I applied for the property tax waiver, a little bit late, and while bank never re-amortized like they said they would, I ended up with a fat rebate check and new comfy mortgage payment for the next year. ...so I get this nice ~$2k+ check for property tax refund, then do my taxes...turns out I owe some ~$3k to the Feds and state! oh, FML. This is also before doing any private IRA contributions (already have payroll 403b stuff), because I just wants to see what would be going on in 2018, expecting another lofty refund (assumed my allowances were 0...instead of 7, haha).

....so anyhoo, I made a fat contribution to my IRA to lower a chunk of that, then basically signed over my property tax rebate to the Feds. ....2 days prior, that bastard showed up by surprise and was going straight into my unneeded new car DP.
 
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Nov 8, 2012
20,828
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Uh, a whole lot of them, actually? You live in the clouds though, and probably don't appreciate how most people live on their modest incomes. (for me it isn't exactly 50%, it's based on the "amount below maximum qualified.") My current waiver is probably kind of modest comparatively, but it ends up being close to that. ...also probably explains why this county is falling apart everywhere and sinking into massive potholes, lol.

As for the second part, I don't know because I've never sold individual stocks before. This was the first, and probably only purchase for me...so maybe 2 total sells from that? Not sure. Maybe at some point later in life when I'm bored or, at least, not super-impoverished. So I'm not sure how I will have to report this to the Feds and what the state and county consider it as income--I assume LTCG is income is income is income, it's just its own tax rate. Regardless, I have to report all income as income, no?

Depends. Depends. Depends. I wouldn't presume LTCG has to be reported, so I would check first.

Either way, I guess I'm not used to property taxes based on income. Here in TX all we have is a homestead exemption - which basically cuts a little off the top if you're using your home to live in and not as a 2nd home, investment home, etc.
 

zinfamous

No Lifer
Jul 12, 2006
110,821
29,574
146
Depends. Depends. Depends. I wouldn't presume LTCG has to be reported, so I would check first.

Either way, I guess I'm not used to property taxes based on income. Here in TX all we have is a homestead exemption - which basically cuts a little off the top if you're using your home to live in and not as a 2nd home, investment home, etc.

yeah, we have homestead here as well, but it works a little different. I forget the details, but I know I don't qualify--if it was as you say in TX, I would. But these differences are all related. You probably don't have the same type of incentives, because most of revenue is based on property taxes in TX, right? We have high sales tax in MD, alcohol tax, etc, so there are incentives available to cut off on property taxes, and also the homestead thing is less relevant for most/more restricted here.

And property tax isn't dependent on income--it's dependent on the value of the property as you would expect, all the normal things. However, based on your income, you may qualify for a rebate of some percentage of that tax. It's all on you to seek it out and do the work. So, in the end it's kinda like the same thing, but it isn't the same thing. It's not like the county and city is actually calculating your property tax based on your income. The actual, official tax doesn't change, but you may get a rebate off of it. ....what you're paying isn't the same as what it is, even though of course to the owner it only matters what they pay.

I was just going to wait and see with LTCG. My assumption is that Vanguard will report, I will get whatever form that is--1099-something? and just confirm it on Feds and maybe state, if required. If, at the very least, state doesn't count as income, then bully for me--I guess I should have done this sooner!
 

FelixDeCat

Lifer
Aug 4, 2000
29,312
2,101
126
Next two or three weeks should be fun....

Trump has said China and the US are not close to settling trade disputes, and he has shut the door completely on Huawei because of concerns over espionage. China seems to insist any deal include Huawei and will not budge on forcing American companies to share technology (so it can be copied, cloned, etc.), among other things.

And just in case you missed it....

America is not the only country blocking Huawei on security concerns, so has Australia and maybe India. China has threatened India with sanctions if they exclude them from bidding on 5G projects; https://www.cnbc.com/2019/08/07/china-warns-india-of-reverse-sanctions-if-huawei-is-blocked.html
 

JEDI

Lifer
Sep 25, 2001
30,160
3,302
126
Of course the problem is that it's inverting because the Fed is cutting rates to keep the stock market juiced and not any economic reason.

I do think we are headed to zero.
so Trump wants the stock market propped up so he picks a Fed Chair to do that by manipulating interest rates at the cost of America's future.

but why are the other 5 members of the Fed Reserve not appointed by Trump going along with this stupid plan? (Vice chair was also appointed by Trump, I think?)
 

FelixDeCat

Lifer
Aug 4, 2000
29,312
2,101
126
Dont worry, the stupid robot algorithms will be buying again soon. Nobody really sells anymore.

 

jpiniero

Lifer
Oct 1, 2010
14,847
5,457
136
so Trump wants the stock market propped up so he picks a Fed Chair to do that by manipulating interest rates at the cost of America's future.

but why are the other 5 members of the Fed Reserve not appointed by Trump going along with this stupid plan? (Vice chair was also appointed by Trump, I think?)

Because the stock market will crash if they don't. It's not just Trump that's pushing this, btw.
 

FelixDeCat

Lifer
Aug 4, 2000
29,312
2,101
126
Id pretty much say Hong Kong is about as "out of control" as it can be. Sure, it could be worse. But now the Communists must retore order ....which hopefully will be done as peacefully as possible.

It would be like Los Angeles deciding it is now a seperate socialist state and demands its independence. The Marines would eventually have to step in and "bring order" to LA. Remember the Rodney King riots of the early 90's? I do. And those were bad days indeed. I remember a story of one person who tried ram a military checkpoint during that time and was obliterated by the military.

With all that being said, I pray for a peaceful resolution.
 

zinfamous

No Lifer
Jul 12, 2006
110,821
29,574
146
Id pretty much say Hong Kong is about as "out of control" as it can be. Sure, it could be worse. But now the Communists must retore order ....which hopefully will be done as peacefully as possible.

It would be like Los Angeles deciding it is now a seperate socialist state and demands its independence. The Marines would eventually have to step in and "bring order" to LA. Remember the Rodney King riots of the early 90's? I do. And those were bad days indeed. I remember a story of one person who tried ram a military checkpoint during that time and was obliterated by the military.

With all that being said, I pray for a peaceful resolution.

EDIT: I went P&N for some reason.
 
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Azurik

Platinum Member
Jan 23, 2002
2,206
12
81
FelixDeCat! Talk about a blast from the past. Stumbled on to ATOT again after a 10 year gap - still some familiar faces
 

zinfamous

No Lifer
Jul 12, 2006
110,821
29,574
146
FelixDeCat! Talk about a blast from the past. Stumbled on to ATOT again after a 10 year gap - still some familiar faces

damn....you were the Rambus guy, right? Honestly curious how that all worked out...
 

Azurik

Platinum Member
Jan 23, 2002
2,206
12
81
I'm the one who started the ***Official 20xx Stock Market Thread***

Yes, Rambus included. I made six-figures with Rambus, but an adverse court legal decision against them in 2011 made me lose almost all of it. I had some put options that were up 8,000% on that day alone, but didn't have enough compared to the call options and actual stock. Hindsight is 20/20, but I would have made millions either way by just dumping the stock and buying weekly puts and calls (since we knew a decision was within a month).
 
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FelixDeCat

Lifer
Aug 4, 2000
29,312
2,101
126
Walmart sues Tesla for negligence after repeated solar system fires

So funny....

https://www.investing.com/news/stoc...ires-at-stores-using-its-solar-panels-1959622

By Nichola Groom and Nivedita Balu


(Reuters) - Walmart Inc (N:WMT) on Tuesday sued Tesla Inc (O:TSLA), accusing it of "widespread negligence" that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its U.S. stores.

Solar energy systems installed and maintained by the electric car maker were responsible for fires at seven locations, with dozens showing hazardous problems such as loose wiring and "hot spots" on panels, according to court papers filed in New York State Supreme Court.

Tesla did not respond to a request for comment.

The lawsuit accuses Tesla of having untrained workers putting up shoddy installations and showing "utter incompetence or callousness, or both," court papers said.

The lawsuit is the latest blow to Tesla's struggling solar business, which it acquired through its $2.6 billion purchase of SolarCity in 2016. Quarterly installations have plummeted more than 85 percent since the deal, as Tesla has cut its solar panel sales force and ended a distribution deal with Home Depot Inc (N:HD).

The fires destroyed significant amounts of store merchandise and required substantial repairs, totaling millions of dollars in losses, Walmart said in the lawsuit.

In addition, inspections of the retailer's other Tesla-owned solar installations "displayed troubling problems that were indicative of widespread negligence," the lawsuit said.

As of November 2018, at least seven Walmart stores, including in Denton, Maryland and Beavercreek, Ohio, had experienced fires due to Tesla's solar systems, according to the lawsuit. One of the fires happened months after the system was de-energized, Walmart said.

Tesla. A brand you can trust....to catch fire.
 
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