Yippee!
Yippee!
Certainly not Igy wrote:
Yippee!
Certainly a fool says: “I’m going to lose a lot of money. Ain’t that grand.”
Ghost of Igloi wrote:
Certainly not Igy wrote:
Yippee!
Certainly a fool says: “I’m going to lose a lot of money. Ain’t that grand.”
Better than the fool who says, "I missed out on making a lot of money."
Ah, the only way you make money is to sell. So sell, or you got nuttiness junior.
Ghost of Igloi wrote:
Ah, the only way you make money is to sell. So sell, or you got nuttiness junior.
Been cashing in profits for weeks. Too bad you missed that bus.
Ghost of Igloi wrote:
Ah, the only way you make money is to sell. So sell, or you got nuttiness junior.
You sound angry!
The only difference is, you have reason to be.
Oh, you hurt my feelings.
Certainly not Igy wrote:
Ghost of Igloi wrote:
Ah, the only way you make money is to sell. So sell, or you got nuttiness junior.
Been cashing in profits for weeks. Too bad you missed that bus.
I bet you made a killing selling 10 shares of MCD and 2 shares of AMZN. Congratulations.
Ghost of Igloi wrote:
Certainly not Igy wrote:
Been cashing in profits for weeks. Too bad you missed that bus.
I bet you made a killing selling 10 shares of MCD and 2 shares of AMZN. Congratulations.
LOL. Even half that would be better than your "profits."
Ghost of Igloi wrote:
Certainly not Igy wrote:
Been cashing in profits for weeks. Too bad you missed that bus.
I bet you made a killing selling 10 shares of MCD and 2 shares of AMZN. Congratulations.
I don’t understand why any financial advisor would belittle someone's success with their investments.
Certainly not Igy wrote:
Ghost of Igloi wrote:
Ah, the only way you make money is to sell. So sell, or you got nuttiness junior.
Been cashing in profits for weeks. Too bad you missed that bus.
Other than a possible tax strategy, the only reason to sell your holdings (or. as you call it. "cashing in profits") is you believe a market downturn is coming soon.
What is the tax strategy associated with profit taking?
Financial Advisor wrote:
Ghost of Igloi wrote:
I bet you made a killing selling 10 shares of MCD and 2 shares of AMZN. Congratulations.
I don’t understand why any financial advisor would belittle someone's success with their investments.
Of course you are correct if that was all it was about. But no, it is people that simply cannot stand market views that run counter to their bullish meme. Igy has become the foil of DGTD.
Oh, the irony!
wondering wrote:
What is the tax strategy associated with profit taking?
Bump
wondering wrote:
What is the tax strategy associated with profit taking?
Bump
wondering wrote:
What is the tax strategy associated with profit taking?
You really need that explained?
You have heard of the capital gains tax?
You understand how any losses occurred while selling investments can be used to offset gains realized in that year and only that year.
Now can you think of any reasons why someone might want to take a realized gain in any year?
You guys scare me.
At the risk of scaring you, i thought you could claim up to $3 K in losses in any year, and any more than that could be carried forward to claim in future years.
So, if i have that right, if you can carry the losses forward. You don't have to have profits in the same year to offset them.
Maybe i have that wrong, but would appreciate knowing so if i do.
Thx.
Correct, you can write-off $3,000 of losses in any given year. If you have gains and losses in the same year they are matched against one another with the remainder gain being taxed short or long or the loss used or carried forward.