10-14-2014, 10:52 PM
WRXtranceformed Wrote:So do you guys just take the cap gains tax hits every time you sell your stocks when the market drops? Do you factor those in to the gains you have earned? From what I understand, if you hold stocks less than a year you have to pay your regular income tax rate on the gain instead which is generally worse.
I trade based on wwhere I think individual stocks are headed and not overall market movement. With that, it's somewhat uncommon to keep a stock less than a year.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth