Stocks

[ExGingi]

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

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?

[ExGingi]

https://twitter.com/tictoctick/status/1507105355943198743?s=21

[CountValentine]

https://twitter.com/tictoctick/status/1507105355943198743?s=21

I should be an expert. Had a ton of while fishing in a boat. 

[ExGingi]

https://twitter.com/fabiusmercurius/status/1507770880268546052

[YitzyS]

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.

[EliJelly]

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

[YitzyS]

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...

[VacationLover]

HOOD is up nicely B"H

[yos9694]

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

[CountValentine]

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

Always take that into account, no?

[YitzyS]

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

I'm not in that range, just doing small potatoes.

Speculated about $100 in 2021 in a personal account, went up about $40. Ahead of the new tax season, I switched it to ROTH IRA, and put in a little more (total about $275, still with the intention just to speculate).

Bought FB after initial drop, but it kept going down. It starting going up again, and I'm at about a $25 loss on it now.

[Barryg]

ADGI was just up 135%. Sold... my single share.

this stocks went up 74% during earnings call just now

[Joe4007]

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?

Not sure this answers your question, but the following is from Monday's newsletter.

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.

[YitzyS]

After a number of losses, glad to have made about $15 off this...

[good sam]

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%.

[Joe4007]

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%.

Wait, you mean you invested in stocks and had to wait 6 years to merely double your money? #Boring.

/s

[Onefishtwofish]

If someone wants to invest 5k short term. Is putting it into voo or spy a good move?

[Joe4007]

If someone wants to invest 5k short term. Is putting it into voo or spy a good move?

No.

[ExGingi]

If someone wants to invest 5k short term. Is putting it into voo or spy a good move?

What's your definition of short term?

An investment (by definition) is usually (at least somewhat) long-term.

Your question sounds more like speculation than investing.

[good sam]

Wait, you mean you invested in stocks and had to wait 6 years to merely double your money? #Boring.

/s

That seems to be a common sentiment, which is problematic