Don't have the answer to your question, but sometimes they just take larger steps in the direction they're going.https://www.mauldineconomics.com/smart-money-monday/my-favorite-commodity-stock-ever
https://twitter.com/tictoctick/status/1507105355943198743?s=21
How much does a standard accountant charge to file capital gains documents?
Just updating now that I filed taxes. My accountant charged me $25 for the Schedule D preparation.
I hope your petty investment gains covered that
I did it for the learning experience, but in fact, it did cover it. Won't talk about what happened in 2022 though...
No joke there, it's very possible to have huge capital gains in one calendar year and if those gains are reinvested not have cash to pay taxes due in the followijg calendar year. The IRS doesn't care if the market took a dive, and selling at a loss to pay the bill is dismal
ADGI was just up 135%. Sold... my single share.
That might be where I got the idea to start watching CLF (as I do read some of Mauldin Economics emails), I don't remember, I definitely didn't buy when that was published. But still, as I'm looking at it right now it's up more than 12% today, ostensibly due to the Russia/Ukraine war. But that was true a week ago too. What changed today?
Cleveland-Cliffs is benefiting from a few different things. First, the Russia/Ukraine situation has pushed a lot of Russia’s steel production offline. Less supply and flat-to-growing steel demand mean higher prices. After dipping to around $1,000 per metric ton in early February, hot-rolled coil prices have risen above $1,500.Cliffs isn’t directly exposed to spot prices, since many of its contracts are multi-year and fixed price. But rising spot prices still improve investor sentiment on steel stocks.On the capital allocation front, Cliffs is paying down $607 million of its 9.875% notes. This fits into CEO Lourenco Goncalves’s strategy of paying down debt and returning cash to shareholders through buybacks and dividends.
Incredibly, JNJ hit an all-time high today. This has been by far my best "safe" investment, delivering an annualized return of over 10% for the past 6+ years, not including dividends of 2+% which I have been reinvesting. Overall, a gain of 130%.
If someone wants to invest 5k short term. Is putting it into voo or spy a good move?
Wait, you mean you invested in stocks and had to wait 6 years to merely double your money? #Boring./s