Stock Market Thread

[WRXtranceformed]

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.

[BLINGMW]

I (unfortunatly?) don't have so much to play with, so all my trading is in my IRA, where I don't pay for gains.

[Apoc]

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.

[WRXtranceformed]

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.

That's cool but that is not exactly playing the market in the sense that I think these guys are talking about

[davej]

i'm with Chan and Chris, bulk is in my 401k, which i can change allocations freely. I had put most of it into bonds about 6 months ago, so probably lost some growth, but now with the dip i'll move it back into stocks.

and on the etrade side, i only play with a hand full of stocks but they are usually bought/sold every few months, so yeah, tax hits there.

[WRXtranceformed]

I'm not a finance expert (I'm one of those guys Evan talked about who pays a good one to do it for me) but I would highly recommend looking at some of the more exotic tax sheltered investments that are tied to several major international indexes. They are a pretty big commitment to buy in to and are definitely a long term strategy, but you don't have to mess around with trying to time the market. Guaranteed minimum returns if the market collapsed and every five years it compares the growth of each index and dumps the gains you would have had invested into the best of those three back into your portfolio. Guaranteed tax free income you can draw from every year until you die once you hit retirement, the rest goes to your estate / beneficiaries also tax free (I believe, I'd have to look back through the docs).

[Evan]

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.

yeah its regular income if its less than a year, but this isnt swing trading, just trying to flatten out the big dips. most of the time youre still in for a year or more, and if not, you should still lose a lot less in tax than you would have otherwise, especially since Obamanomics is raising the long term capital gains tax :roll:


Im curious about the tax sheltered investment you mentioned. sounds like some kind of annuity?

[WRXtranceformed]

Evan send me a PM with any specific questions, I will shoot you the details (or link you up with someone who can answer them if I can't)

[BLINGMW]

So, I was on the road wed and thurs, listening to non-stop market coverage via Sirius. Very entertaining! Esp with the oil prices dropping, sounded like total chaos. Super glad I was mostly out.
Anyway, looks like we're headed for an upswing today, as most would expect, but I'm not convinced this will hold for long. That still wasn't quite a 10% drop for either DJI or S&P.
And any more ebola related events this weekend or oil dropping below 80 will make one heck of a bloody monday!

[BLINGMW]

welllllll, looks like I missed this stop on the bull market train. I guess I'll wait for the next :dunno:

[WRXtranceformed]

Ah...and all is becoming well again, the many thousands lost were almost entirely gained back, the last paycheck has made more money than has been spent. The joys of long term investing :p

[Evan]

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[WRXtranceformed]

That article was retarded for so many reasons. with that said, should it surprise anyone that the market could be propped up every now and then?

I'm going to keep dumping cash into guns and ammo anyway for when the Fed hits the last chapter of that big scary Doomsday Book

[WRXtranceformed]

To those who fled the market...wermp wermp

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Long term, long term, long term~

My brother sent me a WSJ article that talked about how the income gap is actually increased by the middle class trying to play the market and selling on the downward swings.

[Evan]

To those who fled the market...wermp wermp

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Long term, long term, long term~

My brother sent me a WSJ article that talked about how the income gap is actually increased by the middle class trying to play the market and selling on the downward swings.

why would you assume we are staying out of the market?

you only get out for the big drops, get back in when stocks are on sale, and ride out the little blips.

you dont obsess over timing out the peaks and valleys perfectly (that will paralyze you), but you get out while its on its way down, and back in when its on its way up. easy peasy.

[WRXtranceformed]

Had our emergency funds sitting in an awful savings account earning like $0.25-$1.00 per month. Split part of it up today into a CD ladder strategy that still provides liquidity but will earn me a small but much better than previous yearly earning. Hit my first asset goal earlier this month, next one is doozy so my targets are set again. Diversifying like a boss!

[BLINGMW]

So 6 weeks ago, oil prices plummet and the market does too. Flirting with $80 / barrel was dangerous point for US production "they" said. This week it falls below $70... aaaand... not much happens, despite calls for it staying below $80 for 2015.
Care to explain if this has affected any of your investment strategies at all? Personally I'm glad I'm out of TSLA and SCTY right now since both benefit from rising oil prices. But I bought back AMZN today since it's over SMA 200 and if gas stays near $2 / gallon I figure consumers will release some pent-up spending.
Were any of you smart/lucky enough to buy UPS or FDX 6 weeks ago? Why not now? :dunno:
I'm also pretty tempted to buy some more silver / gold funds or physical...

[ScottyB]

i read a little article that OPEC never figured out a counterattack to the dropping oil prices, so by default they're just going to continue letting their prices fall as well until their competitor oil shale operations start to go red, which is apparently right around $80/bl. who knows how long that will last though because apparently it means a couple middle eastern countries have completely f'd budgets due to banking on their market rates staying predictably high.

i'm not in anything directly natural resource related but if i was i'd wait this one out on the sidelines. i don't think anyone knows where the tipping point will be in this battle except the oil producers themselves.

[CaptainHenreh]

Eh, fuck 'em.

[WRXtranceformed]

Checking my portfolio this morning, the CD ladder strategy Ben and I set up with a part of the emergency funds has earned more in a month than it did in my savings account over the past 3 years. Haha...we're not talking big money here but over the life of the CDs and over the course of my life it should be significant!