I think that is something most people need to learn. Take some profits when things are going up
OT: Stock and Investment Thread
- Thread starter RU05
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Can't sell, don't want to be a paper-hander.
Seriously, I probably won't sell since it is in a taxed account, but I have cash ready to go to buy the dip.
I been buying and selling since $2040 Up to 2300 with some nice profit. I‘ll start over when it dip again. IT’s the same MO for FB, AMZN, and AAPL. I brought them 15-17% below their highs and now they either close to their highs or reach their highs or have gone over. You know I ‘ve been doing it for the last 2-3 years. I know this isn’t your standard way of investing.
I ve been buying more dividends stocks though in my portfolio. I was listening to Cramer last night and he brought up some high dividends. He brought up ABBV and PFE which I already had. I sold my T when it was 34-35 and now buying it back. I was thinking about IBM which Cramer confirmed. brough ED when it down 15-18% and now going up,
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It’s tough doing it in the taxed account. Most of my trades are in the 401k accounts, wouldn’t trade like I do if it was in the taxes account.Can't sell, don't want to be a paper-hander.
Seriously, I probably won't sell since it is in a taxed account, but I have cash ready to go to buy the dip.
Thankfully, my 13 tech value stocks are in a rollover IRA, so I can trade those as I see fit (which is minimal since I am a holder).
Crypto is also a long play as well. Planning to hold and add to the positions until the next halfing bull run (2024/2025).
taxed account matters not as it's about total return. I'll pay taxes all day on volatile stock I can make money on.Can't sell, don't want to be a paper-hander.
Seriously, I probably won't sell since it is in a taxed account, but I have cash ready to go to buy the dip.
leave the notion of diamond hands, paper hands nonsense as that is millenial trash nonsensical and ignorant approach. Object is to make money, secure profits, and if you believe long-term, load up with more investable cash.
Got into GOOGL, FB, AMZN, MSFT and most of my other value techs on March 5th. One of the big days of the initial tech drop. GOOGL at $2020 and AMZN at $2940.
Can't remember the others off the top of my head.
These guys and gals (CW) leverage their fan bases to create their own markets - which is why Cuban never shuts up about NFTs. All you have to do is map out a timeline of when Musk started pumping Dogecoin and the Tesla BTC purchases and it’s quite clear that jtung230 is spot on. Musk is a genius and he will either retire one day as the richest man in the US or he’ll be wearing stripes serving 10-20 LOL…
I don't like that view. crypto routinely has 25-35% swings and you should play that. That is how you build
HA! Don't worry, that was a millennial joke.
Agreed, investable cash is ready to go.
Unless you think a stock will go up forever why would you consider paying taxes a reason not to take profits?
Sooner or later you either take a profit and pay taxes or take a loss. I guess another alternative is to just keep the account and never use the funds for anything except an entry on a piece of paper
Sooner or later you either take a profit and pay taxes or take a loss. I guess another alternative is to just keep the account and never use the funds for anything except an entry on a piece of paper
I've been focusing on buying dips, rather than selling at the highs. I have no confidence that I can pick the highs. Will ETH drop 20-30% in the future? Of course. Will it drop now at $2700 or drop after it blows through the $3000 level? I have no idea.
yeah, it's scary to see and hear them speak about this and other things. I don't think I've ever heard a more ignorant group than millenials on investing (well dems on everything but that is just broad) lolHA! Don't worry, that was a millennial joke.
Agreed, investable cash is ready to go.
trailing profit stops work. set a mark, when you reach the mark, pull some off so you still take advantage of the upswing but secure profit as well
I’ve held Alphabet for over 5 years. It’s one of the few stocks I have yet to take profits from because it continues to grow at an astounding pace. Regulators seem like the only thing that can stop this juggernaut.
Been trying to teach you for the last 3 years. Buy on the dip of 10-15% and sell when they go up. Even if you don’t sell at the high, you have the opportunity to buy it again .
However, you can’t go wrong buying high quality stocks and holding them.
My father held FB and PYPL for several years and when he passed I didn’t have to pay any taxes due to the step up.
If only I can get a guarantee 4% on my assets, I would stop trading and not think about it anymore.
That was one of my stock but sold off early due to high PE but think it time to buy. I ‘lol going right now, I expect a market correction after earning season.
High P/E because of their growth, like NVDIA, not only do they grow into the P/E but they look cheap in retrospect.
Pretty much dead flat from it's highs in Aug(which was proceeded by a fantastic 30 day run) so it has built a pretty nice base.
I'm buying as well.
People talk about a future oversupply of chips as a negative for the sector, but over supply or not, I don't see how rev's and earnings don't continue to grow by leaps.
That is my plan for a Total stock fund I am currently buying in. I will buy for the next 20-30 years and leave the fund to my daughter.
There is a good chance the benefit of stepped up basis will be gone by then but she will still have a sizeable asset.
+1
Supply will go up sooner or later, but so will demand. Demand is growing like crazy. Society needs more and more chips and also more powerful chips. I'm a big bull for semi's for the foreseeable future.
THBR is a spac that is in the process of merging with Indie Semiconductor, which has it's foot in the door of the auto industry. Trading right around that $10 level. I can't really figure out their current metrics (typical of spacs) but it doesn't look like they've brought in a lot of money in recent years, but their expecting growth going fwd is mongo.
OSK up 4% on earnings. Industrial, but getting it's foot in the door of EV.
I'm in on this one. I owned a spac, THCB which was working on batteries that they partnered with, but I sold it. I see THCB is down 5% today, thinking OSK's report has something to do with that.
I'm in on this one. I owned a spac, THCB which was working on batteries that they partnered with, but I sold it. I see THCB is down 5% today, thinking OSK's report has something to do with that.
Likely the step up will be gone. There have also a have been proposals, currently being revived, that there would be a deemed sale upon death with capital gains payable by the estate. Thresholds have varied between proposals, and have ranged from as low as 200k to $1 mil. Separate and apart from estate tax. If this were to be applied to assets going to a surviving spouse my comment would get me banned for extreme profanity. But be aware it's out there.
I would guess a spouse would be protected in any final statute.
In the current environment who knows. The higher the threshold the higher my doubt level.
Probably good news for GBTC. The SEC may approve a bunch of ETF options at the same time, including Grayscale's conversion of GBTC to an ETF.