Precious metals

Yup, just take as it comes if your making gains. If it really gets bad or bear, its not going to be overnight. I’m just in the position to play the end result, no pulling in or out on the saw tooth trends.

 

Yeah man, I'm with you, full disclosure I've got losers like Amazon, Netflix and Chevron but offset with my winners in Verizon, Altria and Reynolds so when all the stocks turn and enter a full bear market it's time to leave the party. I feel we've been a an overall bear market with specific stock selections as your only opportunity to make money. When no stocks make money you hedge, short and let her rip till they turn again.

 

Yup, I was back up like 40% about a week ago. Still in the green, but riding it out more. O’ and FYI, my ETF is FAZ.

Another thing I learned, you can correct me if Im wrong. If you trade in and out within(less than) the a 1 year span, you must pay 25% tax on gains. But if you go more than a year, you only pay 10% tax. This sound correct?

 

It all depends on your personal tax bracket. Any gain taken inside of a year gets added as ordinary income so you will pay your prevailing tax rate. Anything over a year will be treated as a long term capital gain which is "usually" 15% but should you be in the highest tax bracket your rate will be 20%.

 

Thanks for the info, nope not in the highest tax bracket. I’m in the .....% bracket.

 

Hey is this forum still here? I thought by now the Chinese would've hacked it and shut the US down in the process replacing the dollar with the yuan. Also with the S&P 500 back over 2,000 the stock market hasn't collapsed and brought us to ruin and I can still spend my paper currency! Yay for America!!!!

I'll just wait for another video from Steve. Or maybe an apology for telling everyone the world was ending.

But since this is a precious metals thread Gold is doing well but Silver continues to suck going nowhere in the last year.