IAG Posted March 12, 2018 Report Share Posted March 12, 2018 Bought some rkda this morning.At one point is was up 80% finished up 20%Nice Houser Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 12, 2018 Author Report Share Posted March 12, 2018 Thanks iag Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 12, 2018 Author Report Share Posted March 12, 2018 Acorns finally back in the black Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 14, 2018 Author Report Share Posted March 14, 2018 Bought some rkda this morning. At one point is was up 80% finished up 20%Up 330% Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted March 14, 2018 Report Share Posted March 14, 2018 Up 330% Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted March 15, 2018 Report Share Posted March 15, 2018 here i was talking about a 3 bagger in 24 months and you done busted one out in a week. major props Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 15, 2018 Author Report Share Posted March 15, 2018 Jus got lucky tj. As soon as I doubled my hundred bucks and saw a dip I got out. Went from $10 to $60 a share. I could have had $600. But how the fuck is a guy supposed to know that. Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 15, 2018 Author Report Share Posted March 15, 2018 Taking some money out of acorns to buy another ETF. Acorns just doesn’t seem to do enough. Quote Link to comment Share on other sites More sharing options...
IAG Posted March 17, 2018 Report Share Posted March 17, 2018 Remember short term capital gains tax rates are crazy Houser. Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 17, 2018 Author Report Share Posted March 17, 2018 I will look into that Thanks Iag Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 17, 2018 Report Share Posted March 17, 2018 Short term capital gains is taxed as ordinary income. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 17, 2018 Report Share Posted March 17, 2018 Short term capital gains is taxed as ordinary income. or you can claim you lent landers $10k and offset that as a non-business bad debt Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 23, 2018 Author Report Share Posted March 23, 2018 Shitty day Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 23, 2018 Author Report Share Posted March 23, 2018 Ended up dumping my VOO. Quote Link to comment Share on other sites More sharing options...
IAG Posted March 23, 2018 Report Share Posted March 23, 2018 Short term capital gains is taxed as ordinary income.My point exactly Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 23, 2018 Author Report Share Posted March 23, 2018 What if I make 5kAnd lose 3k What am I taxed on? Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 23, 2018 Report Share Posted March 23, 2018 What if I make 5kAnd lose 3k What am I taxed on?2K. Quote Link to comment Share on other sites More sharing options...
housepicks Posted March 23, 2018 Author Report Share Posted March 23, 2018 And that paperwork will be provided to me by the holder of my trading account? Quote Link to comment Share on other sites More sharing options...
IAG Posted March 23, 2018 Report Share Posted March 23, 2018 And that paperwork will be provided to me by the holder of my trading account?Yes but each trade will need to be calculated separately. Depending where you are doing your trading, you may be able to import that directly into TurboTax or other tax programs. I Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 26, 2018 Report Share Posted March 26, 2018 I know some of you have talked about Tesla from time to time, I pulled this snippet from a recent article, I like the last two lines comparing Ford and tesla I think Tesla is going to crash in the next 3-6 months. . .. . . partially due to their incompetence in making and delivering the Model 3, partially due to falling demand for the Model S and X, partially due to the extreme valuation, partially due to their horrendous finances that will imminently require a huge capital raise, partially due to a likely downgrade of their credit rating by Moody’s from B- to CCC (default likely) which should scare their parts suppliers into requiring cash on delivery (a death knell), partially due to the market’s recent falling appetite for risk, and partially due to our suspicions of fraudulent accounting activities, evidenced by 85 SEC letters/investigations and two top finance people leaving in the last month. . .Tesla, without any doubt, is on the verge of bankruptcy.The company cannot survive the next twelve months without access to capital from Wall Street Banks or private investors.We estimate that Tesla will need roughly $8 billion in the next 18 months to fund operating losses, capital expenditures, debts coming due, and working capital needs.However, it appears that due to past SEC investigations and current investigations (which terrifyingly have not been disclosed by the company), it will likely be difficult for Tesla to access public markets.According to a recent analyst report, there have been 85 SEC requests for additional information and disclosures in the last 5 years.This compares to Ford Motor Company’s total of zero over the same time frame. This means that Tesla is pushing many, many boundaries.When a company is under formal investigation, it is difficult, if not impossible, to raise capital from public markets as these investigations must be made public, which generally craters the equity and debt values.Therefore, Tesla investors better hope there are a number of Greater Fools in China or elsewhere to keep the company solvent.At some point, the music stops and there aren’t any open chairs.No matter how good a social investment makes you feel as it is going up, extreme anger will result if most or all of your money is permanently lost, especially when it is due to false and misleading statements by senior company officers.This is when the [Department of Justice] steps in and escorts untruthful managements to their new living quarters.. . . As a reality check, Tesla is worth twice as much as Ford* yet Ford made 6 million cars last year at a $7.6 billion profit while Tesla made 100,000 cars at a $2 billion loss.Further, Ford has $12 billion in cash held for “a rainy day” while Tesla will likely run out of money in the next 3 months.. . . I have never seen anything so absurd in my career. Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted March 26, 2018 Report Share Posted March 26, 2018 A Dem in 2020 will be running to bail out Tesla! Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 26, 2018 Report Share Posted March 26, 2018 And that paperwork will be provided to me by the holder of my trading account? Your broker sends you a 1099. Quote Link to comment Share on other sites More sharing options...
housepicks Posted April 18, 2018 Author Report Share Posted April 18, 2018 So I opened up a Roth IRA at schaub. It seems after talking with them I need to buy my own stocks and diversify a portfolio. I really don't want to do all that. I just want to throw money at it weekly or monthly and just pick a blanket portfolio. Is that a possibility somewhere else? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted April 18, 2018 Report Share Posted April 18, 2018 You'd probably want to put the money in an index fund then. I think you already bought some of the Vanguard 500 (VFINX). Just keep putting money in there if you don't want to research individual stocks. Quote Link to comment Share on other sites More sharing options...
mikeman Posted April 18, 2018 Report Share Posted April 18, 2018 So I opened up a Roth IRA at schaub. It seems after talking with them I need to buy my own stocks and diversify a portfolio. I really don't want to do all that. I just want to throw money at it weekly or monthly and just pick a blanket portfolio. Is that a possibility somewhere else?You can buy a mutual fund, dont have to buy a stock. If you must buy stock, you could buy SPY, which is basically the entire s & p 500 index, not a bad move for the long term. Quote Link to comment Share on other sites More sharing options...
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