A 40% higher sale is more than the additional capital gain tax short versus long.
A 40% higher sale is more than the additional capital gain tax short versus long.
Oh SNAP!
Marvin's Garden wrote:
A 40% higher sale is more than the additional capital gain tax short versus long.
Your 40% figure is questionable, but again you miss the point. I made it quite clear to you earlier that I almost always hold for at least a year.
Hindsight is 20/20, so it's very easy for you to claim I should have sold earlier. Why didn't you say so at that time? Obviously because you, like the rest of us, had no idea what would happen next.
Now you choose to chime in to seemingly make yourself out to be the smart one here. But I'm the one who cashed out on the plus side while you sat on your hands. So while I might have made more for myself by selling sooner (or later), there's no denying I made more than you.
Oh, Snap!
mellon wrote:
Furly wrote:As I said before, anyone with anything but a bullish view need not post here.
Anyone who has bearish for the past 3-5 years has been wrong.
Amazing insight -- how do you do it?
What about the next 3-5 years?
Because I think the market has a better chance of dropping 20% over the next year than rising a whole lot more, I decided to do an experiment with my 401k.
I moved everything in my 401k to cash today and I'm going to move 8% per month back into stock funds over the next year.
Balance is $793,456.
Flame away! Even I think I'm likely to regret it.
Did you consider the tax implications of closing your investments?
wondering wrote:
Did you consider the tax implications of closing your investments?
I don't think there are any in a 401k, right? I'm 52 so I'm not drawing from it yet.
whyamihere wrote:
Because I think the market has a better chance of dropping 20% over the next year than rising a whole lot more, I decided to do an experiment with my 401k.
I moved everything in my 401k to cash today and I'm going to move 8% per month back into stock funds over the next year.
Balance is $793,456.
Flame away! Even I think I'm likely to regret it.
Yes, it's silly. You may get it right, but if you do it's luck.
I do agree with you, we are ripe for a pull back, but will it happen this year? Next? 5 years from now? Who knows.
Of course, after you time getting out, you need to time getting back in. Will it drop 10%? 20% 30%? 40%? 50%? How long will it take?
Personally, I just stop move some, but not all to cash. Not even half. Maybe 50-150k for someone with round about 800k.
warrenb wrote:
whyamihere wrote:Because I think the market has a better chance of dropping 20% over the next year than rising a whole lot more, I decided to do an experiment with my 401k.
I moved everything in my 401k to cash today and I'm going to move 8% per month back into stock funds over the next year.
Balance is $793,456.
Flame away! Even I think I'm likely to regret it.
Yes, it's silly. You may get it right, but if you do it's luck.
I do agree with you, we are ripe for a pull back, but will it happen this year? Next? 5 years from now? Who knows.
Of course, after you time getting out, you need to time getting back in. Will it drop 10%? 20% 30%? 40%? 50%? How long will it take?
Personally, I just stop move some, but not all to cash. Not even half. Maybe 50-150k for someone with round about 800k.
Yeah, I am already nervous about it.
But I'm not going to try to time getting back in. Going to put back about 8%/month over the next year.
whyamihere wrote:
wondering wrote:Did you consider the tax implications of closing your investments?
I don't think there are any in a 401k, right? I'm 52 so I'm not drawing from it yet.
So the cash is still in the 401k?
I honestly don't know what tax implications there are. Maybe one of our financial experts can chime in. agip? Big Dog? Financial advisor?
tax sheltered investment, as long as the funds stay in the 401k, there may be transaction activity restrictions
wondering wrote:
whyamihere wrote:I don't think there are any in a 401k, right? I'm 52 so I'm not drawing from it yet.
So the cash is still in the 401k?
I honestly don't know what tax implications there are. Maybe one of our financial experts can chime in. agip? Big Dog? Financial advisor?
Bump
in da no wrote:
tax sheltered investment, as long as the funds stay in the 401k, there may be transaction activity restrictions
No taxes within the 401k shell.
The Federal Reserve Bank of Kansas City released the August Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity expanded at a faster pace and expectations remained solid.
Klondike5 wrote:
Down to 14,850 from a peak of 15,700 I believe.
Maybe 5%
What's the bottom?
I am betting sub 13,000
Sunday is the thread's four year anniversary.
anyone have a way to compute a four year return for the market including dividends? I used to do it with Yahoo but they seem to have stopped adjusting for dividends. I think.
We've posted an average of 14.3 times per day, for four years.
We rock.
Big Dog Investments wrote:
[quote]Marvin's Garden wrote:
A 40% higher sale is more than the additional capital gain tax short versus long.
Your 40% figure is questionable, but again you miss the point. I made it quite clear to you earlier that I almost always hold for at least a year.
You do realize that there are no short term vs. long term capital gains tax consequences for money invested in qualified retirement plans which is where most folks have the vast majority of their funds?
You do realize that the pronoun "I" indicated I was talking about my personal investments and not those of "most folks"?
Big Dog Investments wrote:
You do realize that the pronoun "I" indicated I was talking about my personal investments and not those of "most folks"?
I do realize you are unwilling to admit your error....or are you saying you have no funds inside tax deferred retirement funds? In which case I would call you a liar.
Clear enuff for you?
I have no funds inside a tax deferred retirement account, though my wife does. I don't really care if you believe me or not.