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Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Discussion in 'Stocks & Investments' started by ThunderOne, Feb 1, 2018.

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  1. Apr 9, 2020 at 9:24 AM
    #7761
    GarlicFarts

    #7761
    GarlicFarts Bertolli Roberto

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    Interesting point and good to know to watch for that. I'm not trying to dodge taxes or anything like that, just want to understand it all.
     
    GarlicFarts, Apr 9, 2020
    #7761
  2. Apr 9, 2020 at 9:26 AM
    #7762
    Boyk1182

    #7762
    Boyk1182 Well-Known Member

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    If you wanted to rotate from something into something but didn't, now is a great time to do it. If you hold a stock down 20%, and sell it to buy something also down 20%, you didn't lose anything. You can, however, take advantage of the loss for tax purposes. I have done it before.
     
    Boyk1182, Apr 9, 2020
    #7762
    GarlicFarts[QUOTED] likes this.
  3. Apr 9, 2020 at 9:28 AM
    #7763
    pdaddy

    #7763
    pdaddy WeLl-KnOwN mEmBeR

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    I feel the exact same way. This whole issue has seemed to be very political.
     
    pdaddy, Apr 9, 2020
    #7763
    Boyk1182 likes this.
  4. Apr 9, 2020 at 9:31 AM
    #7764
    pdaddy

    #7764
    pdaddy WeLl-KnOwN mEmBeR

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    Im still not sure how losses work, it doesn’t make sense. So if I make 10K profit, but also sell a stock and lose 1K, I am taxed only for 9K?
     
    pdaddy, Apr 9, 2020
    #7764
  5. Apr 9, 2020 at 9:34 AM
    #7765
    slander

    #7765
    slander Honorary Crawl Boi

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    Talk to an accountant on that.
     
    slander, Apr 9, 2020
    #7765
    pdaddy[QUOTED] likes this.
  6. Apr 9, 2020 at 9:39 AM
    #7766
    doorsidedown

    #7766
    doorsidedown Well-Known Member

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    Thank you to whoever it was that recommended TRTX when it was still under $4

    Did some research, figured it was worth adding it to my portfolio...

    So far - :101010:
     
    doorsidedown, Apr 9, 2020
    #7766
    GarlicFarts, desertjunkie760, Coolerman and 1 other person like this.
  7. Apr 9, 2020 at 9:40 AM
    #7767
    MattJakobs

    #7767
    MattJakobs Everything but a Tacoma

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    I got in at $6.37. Not too bad but jealous of that sub $4 figure
     
    MattJakobs, Apr 9, 2020
    #7767
  8. Apr 9, 2020 at 9:42 AM
    #7768
    Boyk1182

    #7768
    Boyk1182 Well-Known Member

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    That’s basically how that scenario would work. There’s a lot more to it (long term holdings, short term holdings, dividends, etc.)
     
    Boyk1182, Apr 9, 2020
    #7768
    GarlicFarts likes this.
  9. Apr 9, 2020 at 9:43 AM
    #7769
    FirstTimeTaco2020

    #7769
    FirstTimeTaco2020 I came here for the chemlight batteries

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    Well if you are just barely in a higher tax bracket then it would behoove you to take a small loss on stocks that way you could save money at the end of the year. At least that’s the way I understand it.
     
    FirstTimeTaco2020, Apr 9, 2020
    #7769
    Boyk1182 and pdaddy[QUOTED] like this.
  10. Apr 9, 2020 at 9:48 AM
    #7770
    Boyk1182

    #7770
    Boyk1182 Well-Known Member

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    When it comes to taxes, you should get a statement at the end of the year from your brokerage. It calculates everything, you can’t mess it up. You can be strategic, however, with sales through the year.
     
    Boyk1182, Apr 9, 2020
    #7770
    GarlicFarts, pdaddy and FirstTimeTaco2020 like this.
  11. Apr 9, 2020 at 9:48 AM
    #7771
    pdaddy

    #7771
    pdaddy WeLl-KnOwN mEmBeR

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    YW lol GPMT is another one of pdaddy’s recommended stock. At this rate, I should start my own ETF
     
    pdaddy, Apr 9, 2020
    #7771
    not_nick, doorsidedown[QUOTED], desertjunkie760 and 1 other person like this.
  12. Apr 9, 2020 at 9:55 AM
    #7772
    gpb

    #7772
    gpb Well-Known Member

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    Best thing to do is talk to your tax person.

    If you don't have one, research the Wash Sale Rule.
     
    gpb, Apr 9, 2020
    #7772
    pdaddy[QUOTED] likes this.
  13. Apr 9, 2020 at 9:58 AM
    #7773
    Iwilltaco

    #7773
    Iwilltaco Well-Known Member

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    @kairo’s guest house having a water with @not_nick
    Under development
    Seems it’s always best to earn more money. Wouldn’t I rather earn 1000 into the next tax bracket than lose 1000 to stay out of it?
     
    Iwilltaco, Apr 9, 2020
    #7773
    GarlicFarts and teamhypoxia like this.
  14. Apr 9, 2020 at 10:00 AM
    #7774
    Fire Chicken

    #7774
    Fire Chicken Aka 'Panda Express'

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    With a graduated tax bracket I agree. They will only increase the tax rate on the amount that actually crossed the threshold of the bracket.
     
    Fire Chicken, Apr 9, 2020
    #7774
    GarlicFarts, Boyk1182 and FirstTimeTaco2020 like this.
  15. Apr 9, 2020 at 10:02 AM
    #7775
    pdaddy

    #7775
    pdaddy WeLl-KnOwN mEmBeR

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    I was trying to figure out why there was a big jump 3 hours ago, looks like the Fed just approved 2.3 trillion dollars in more loans
     
    pdaddy, Apr 9, 2020
    #7775
    GarlicFarts likes this.
  16. Apr 9, 2020 at 10:13 AM
    #7776
    FirstTimeTaco2020

    #7776
    FirstTimeTaco2020 I came here for the chemlight batteries

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    Fiat savior
     
    FirstTimeTaco2020, Apr 9, 2020
    #7776
  17. Apr 9, 2020 at 10:15 AM
    #7777
    desertjunkie760

    #7777
    desertjunkie760 @DesertJunkie760 (IG)

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    Check My Sig.
    If this was it, I'm extremely disappointed. I spent a few days breaking out my ammo stock pile and loading up my gear. Very anti climatic. (Not that I don't think the situation is serious and all, just trying to have some fun with the idea.)
     
    desertjunkie760, Apr 9, 2020
    #7777
    pdaddy[QUOTED] likes this.
  18. Apr 9, 2020 at 10:17 AM
    #7778
    desertjunkie760

    #7778
    desertjunkie760 @DesertJunkie760 (IG)

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    Same, got in at $5.30 or so yesterday. Didn't have a lot left in my budget though so I only got a few shares. Just to keep it interesting.
     
    desertjunkie760, Apr 9, 2020
    #7778
    doorsidedown[QUOTED] likes this.
  19. Apr 9, 2020 at 10:20 AM
    #7779
    pdaddy

    #7779
    pdaddy WeLl-KnOwN mEmBeR

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    Haha same. I bought a few extra AK mags to load up in my bug out bag. I pictured riots happening in my town, me mowing down rioters with my ARB bumper while I’m trying to flee to rural woods of Alabama. Good times
     
    pdaddy, Apr 9, 2020
    #7779
    desertjunkie760[QUOTED] and honda50r like this.
  20. Apr 9, 2020 at 10:23 AM
    #7780
    rmorse

    #7780
    rmorse Well-Known Member

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    Same. I'm not trying to brag, but my k/d ratio is stupid high on Halo so I'm pretty sure I can handle myself.
     
    rmorse, Apr 9, 2020
    #7780
    Toki, slander, teamhypoxia and 4 others like this.
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