Author Topic: Stocks  (Read 800577 times)

Offline yos9694

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Re: Stocks
« Reply #7040 on: June 13, 2022, 12:48:46 PM »
DAF works for LTCG only I believe

Offline YitzyS

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Re: Stocks
« Reply #7041 on: June 13, 2022, 12:54:14 PM »
I was thinking of buying back some BLUE. Should I do it today, or should I wait a little?
going up now

Offline sguitarist18

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Re: Stocks
« Reply #7042 on: June 13, 2022, 12:55:00 PM »
DAF works for LTCG only I believe

To get credit for the full value of the donation, yes. But FWIU, for assets held for less than a year you only get the tax deduction of the cost basis, but you still don't have to pay taxes on it.

So if that's the only issue, I'll take the lower tax deduction, but save on the taxes, and have the money ready to donate since I'm giving the money to charity anyway.

And the advantage is that if the stock loses, I can count the losses, which is a significant factor for this kind of trading, I'd think.

Offline yos9694

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Re: Stocks
« Reply #7043 on: June 13, 2022, 12:59:01 PM »
Good to know, thanks!

Offline yos9694

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Re: Stocks
« Reply #7044 on: June 13, 2022, 01:01:09 PM »
going up now

But will it be a VYGR or a DARE?

Offline sguitarist18

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Re: Stocks
« Reply #7045 on: June 13, 2022, 01:11:45 PM »
General question - what is the best way (in regards to taxes) to sell/get rid of an appreciated MLP?

Bought CLMT in 2020 and 2021.

Offline ckmk47

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Re: Stocks
« Reply #7046 on: June 13, 2022, 02:16:44 PM »
Thanks ckmk47!

600 shares, but at $3, sold at $6.10.

Roth IRA, but now I'm reconsidering - perhaps I should be doing this trading in my regular account, that way I can count losses, and if it goes up I can just transfer it to a DAF...but that might not be as quick a trade as a regular sell order.

Thoughts, anyone?
You're welcome!


These are short term capital gains.  Taxes in a regular account are awful. IRA is much better. DAF would work too.  You should find out if they're slower to trade. And report back. :D
My favorite cause: cssy.org

Offline Baglach

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Re: Stocks
« Reply #7047 on: June 13, 2022, 03:05:15 PM »
You're welcome!


These are short term capital gains.  Taxes in a regular account are awful. IRA is much better. DAF would work too.  You should find out if they're slower to trade. And report back. :D

What does DAF stand for

Offline Mordyk

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Re: Stocks
« Reply #7048 on: June 13, 2022, 03:29:23 PM »
What does DAF stand for
Donor Advised Fund
#TYH

Offline Ches

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Re: Stocks
« Reply #7049 on: June 13, 2022, 03:31:17 PM »
What does DAF stand for
Donor-Advised Fund.

Offline ari3

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Re: Stocks
« Reply #7050 on: June 13, 2022, 04:09:40 PM »
It's now official we are in a bear market :(

Offline sguitarist18

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Re: Stocks
« Reply #7051 on: June 13, 2022, 04:42:45 PM »
A Donor-Advised Fund allows you to transfer an appreciated asset (e.g., a stock that has gone up significantly in price) directly to the fund, which is considered a charity. As such, you do not pay taxes on the appreciation, and if you've had the stock for over a year you get a tax deduction for the full current value.

Once it's in the fund, you can then decide which charity to give it to, and they send a check. You can also hold onto the money in the DAF and send it to your charity of choice later on.

Offline Barryg

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Re: Stocks
« Reply #7052 on: June 13, 2022, 04:52:39 PM »
It's now official we are in a bear market :(
KAVL isnt

Offline madhocker

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Re: Stocks
« Reply #7053 on: June 13, 2022, 05:06:27 PM »
Thanks ckmk47!

600 shares, but at $3, sold at $6.10.

+1
Bought @2.98 sold half AH Friday and half after the open for avg price of 6.48, gain off 115%. Good return on the 5 call options as well...

@ckmk47 thanks again for the tip, I am now 3/3 with you!

Offline aygart

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Re: Stocks
« Reply #7054 on: June 13, 2022, 05:24:03 PM »
Yahoo Finance: Wharton Professor Jeremy Siegel is one of the best stock watchers alive. He says the S&P 500 is already pricing in a recession and bear market.
https://finance.yahoo.com/news/wharton-professor-jeremy-siegel-one-180612220.html
Feelings don't care about your facts

Offline AsherO

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Re: Stocks
« Reply #7055 on: June 13, 2022, 08:16:58 PM »
Yahoo Finance: Wharton Professor Jeremy Siegel is one of the best stock watchers alive. He says the S&P 500 is already pricing in a recession and bear market.
https://finance.yahoo.com/news/wharton-professor-jeremy-siegel-one-180612220.html

This makes zero sense. You expect the economy to slow down for an extended period of time and the stock market to stay level? How does that work?

Online yuneeq

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Re: Stocks
« Reply #7056 on: June 13, 2022, 08:25:49 PM »
This makes zero sense. You expect the economy to slow down for an extended period of time and the stock market to stay level? How does that work?

Whats hard to understand? Hes saying a mild recession is already priced in, valuation wise. Whether or not the market overreacts you will be getting a good deal.
"If you fall, I will be there." -Floor

Offline madhocker

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Re: Stocks
« Reply #7057 on: June 13, 2022, 09:05:06 PM »
This makes zero sense. You expect the economy to slow down for an extended period of time and the stock market to stay level? How does that work?
simple. Stock valuations are now close to historic norms, so people will say all the bad news is 'priced in'. There just has to be some catalyst that convinces people to perceive it that way, and then the buying perpetuates itself.

I would take a guess that perhaps if the fed raises rates this week by 50 bps and not 75 like some expect, you will see a 'relief' rally, with the pundits spinning it that things are coming under control...

Offline Lurker

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Re: Stocks
« Reply #7058 on: June 13, 2022, 09:11:41 PM »
Whats hard to understand? Hes saying a mild recession is already priced in, valuation wise. Whether or not the market overreacts you will be getting a good deal.

Assuming the recession we're about to see is a mild one. If it's closer to the predictions of a 70's style recession, then the market hasn't priced it in and you're not getting such a great deal.
Failing at maintaining Lurker status.

Offline AsherO

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Re: Stocks
« Reply #7059 on: June 13, 2022, 09:15:15 PM »
Assuming the recession we're about to see is a mild one. If it's closer to the predictions of a 70's style recession, then the market hasn't priced it in and you're not getting such a great deal.

+1, people are reading only half the quote:
I think were pricing in a mild recession, he responded. Im not saying how severe the recession actually will be.

There are lots of reasons why this recession could be a whopper