Author Topic: Stocks  (Read 1271183 times)

Offline Ephraimh

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2013
  • Posts: 1531
  • Total likes: 64
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: nyc
Re: Stocks
« Reply #740 on: November 04, 2014, 11:46:56 AM »

I'm still holding on to $S I think the expectations can't get any lower, and I think they're going to hit a turning point somewhere in '15.
Just bought more $S @ 18% down.. #believing

Offline Centro

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2012
  • Posts: 2942
  • Total likes: 8
  • DansDeals.com Hat Tips 33
  • Gender: Male
    • View Profile
Re: Stocks
« Reply #741 on: November 04, 2014, 12:01:14 PM »
Hmmm, should I trade my BABA for S?...

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4157
  • Total likes: 1046
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Stocks
« Reply #742 on: November 04, 2014, 12:04:49 PM »
Hmmm, should I trade my BABA for S?...
if you sell baba now wont you have high taxes because it was capital gains?  im trying to understand the taxes issue with stocks. please clarify  TIA
#TYH

Offline Centro

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2012
  • Posts: 2942
  • Total likes: 8
  • DansDeals.com Hat Tips 33
  • Gender: Male
    • View Profile
Re: Stocks
« Reply #743 on: November 04, 2014, 12:07:55 PM »
if you sell baba now wont you have high taxes because it was capital gains?  im trying to understand the taxes issue with stocks. please clarify  TIA
I hope you're not awaiting an answer from me cause I have no idea what these things mean, totally clueless...

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4157
  • Total likes: 1046
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Stocks
« Reply #744 on: November 04, 2014, 12:09:10 PM »
I hope you're not awaiting an answer from me cause I have no idea what these things mean, totally clueless...
if you buy and sell stocks shouldn't you understand the amount your making? if your gain was %20 but %15 goes to taxes...
#TYH

Offline Sport

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 2365
  • Total likes: 103
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Stocks
« Reply #745 on: November 04, 2014, 12:14:41 PM »

if you buy and sell stocks shouldn't you understand the amount your making? if your gain was %20 but %15 goes to taxes...
Hence open an IRA.

Offline Shmulie

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 1542
  • Total likes: 526
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
  • Location: Brooklyn
Re: Stocks
« Reply #746 on: November 04, 2014, 12:15:48 PM »
If you sell BABA now you will have to pay taxes on short term gains which I think is your regular income rate
if you wait till its long term (1 year from purchase) IIRC you only pay max of 15% rate
But obviously don't wait for the year if you can make more by selling earlier

Offline Centro

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2012
  • Posts: 2942
  • Total likes: 8
  • DansDeals.com Hat Tips 33
  • Gender: Male
    • View Profile
Re: Stocks
« Reply #747 on: November 04, 2014, 12:16:05 PM »
if you buy and sell stocks shouldn't you understand the amount your making? if your gain was %20 but %15 goes to taxes...
The only thing I know is that I don't loss by earning money in stocks (sounds strange, huh?),

My accountant told me some people could earn a few thousand bucks but they don't know that they're losing out on some tax credits which is grater then what they earned, but by me that's not the case so I shouldn't worry about it, that's all I know...

Offline Shmulie

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 1542
  • Total likes: 526
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
  • Location: Brooklyn
Re: Stocks
« Reply #748 on: November 04, 2014, 12:18:03 PM »
The only thing I know is that I don't loss by earning money in stocks (sounds strange, huh?),

My accountant told me some people could earn a few thousand bucks but they don't know that they're losing out on some tax credits which is grater then what they earned, but by me that's not the case so I shouldn't worry about it, that's all I know...
you should ask your accountant to explain the advantages between long term gains vs short term and if you should open an IRA

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4157
  • Total likes: 1046
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Stocks
« Reply #749 on: November 04, 2014, 12:18:34 PM »
The only thing I know is that I don't loss by earning money in stocks (sounds strange, huh?),

My accountant told me some people could earn a few thousand bucks but they don't know that they're losing out on some tax credits which is grater then what they earned, but by me that's not the case so I shouldn't worry about it, that's all I know...
i wish thats the case by me.  i lost many tax credit for earning a few hundred bucks!
#TYH

Offline Emkay

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2012
  • Posts: 14420
  • Total likes: 377
  • DansDeals.com Hat Tips 35
    • View Profile
  • Location: Where I ought to be
Re: Stocks
« Reply #750 on: November 04, 2014, 12:20:14 PM »
Just bought more $S @ 18% down.. #believing
Whats $S

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4157
  • Total likes: 1046
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
#TYH

Offline Centro

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2012
  • Posts: 2942
  • Total likes: 8
  • DansDeals.com Hat Tips 33
  • Gender: Male
    • View Profile
Re: Stocks
« Reply #752 on: November 04, 2014, 12:57:33 PM »
you should ask your accountant to explain the advantages between long term gains vs short term and if you should open an IRA
Thx for making me aware, I'll ask him.


i wish thats the case by me.  i lost many tax credit for earning a few hundred bucks!
:'(

Offline Ephraimh

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2013
  • Posts: 1531
  • Total likes: 64
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: nyc
Re: Stocks
« Reply #753 on: November 04, 2014, 02:23:36 PM »

Hmmm, should I trade my BABA for S?...
If (and that's one big 'if') you're gonna end up making a profit off $S, it's going to be only after a very long and scary up and down ride.. not as fast and certainly not as smooth, as $BABA..
So I'd say only trade it if you really understand and most importantly believe in $S

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4157
  • Total likes: 1046
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Stocks
« Reply #754 on: November 04, 2014, 03:05:23 PM »
Just bought more $S @ 18% down.. #believing

by how much did you buy?   its now down a little more...
#TYH

Offline Ephraimh

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2013
  • Posts: 1531
  • Total likes: 64
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: nyc
Re: Stocks
« Reply #755 on: November 04, 2014, 03:07:59 PM »
by how much did you buy?   its now down a little more...
Just bought more $S @ 18% down.. #believing

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4157
  • Total likes: 1046
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Stocks
« Reply #756 on: November 04, 2014, 03:09:36 PM »

gotcha. i misread. i thought you are just mentioning that it hit 18% down.
#TYH

Offline 12HRS

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2013
  • Posts: 5177
  • Total likes: 583
  • DansDeals.com Hat Tips 6
    • View Profile
Re: Stocks
« Reply #757 on: November 04, 2014, 07:40:41 PM »
if you buy and sell stocks shouldn't you understand the amount your making? if your gain was %20 but %15 goes to taxes...

15% of the 20% gain

Offline 12HRS

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2013
  • Posts: 5177
  • Total likes: 583
  • DansDeals.com Hat Tips 6
    • View Profile
Re: Stocks
« Reply #758 on: November 04, 2014, 07:46:41 PM »
i wish thats the case by me.  i lost many tax credit for earning a few hundred bucks!

i may have made the same mistake regarding the savers credit. don't have any losses to sell to offset. and had I just waited till 2015 it would have been better. actually that gives me a bit of a temptation to gamble on some earnings. if I win so more cash and if I lose I get my savers credit back. thanks for making me think about it!

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4157
  • Total likes: 1046
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Stocks
« Reply #759 on: November 06, 2014, 01:45:01 PM »
Just bought more $S @ 18% down.. #believing
  :'( :-[ :-\
#TYH