WeinkeToWarrick Posted February 18, 2021 Report Share Posted February 18, 2021 I am getting fucking crushed today Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 15 minutes ago, WeinkeToWarrick said: I am getting fucking crushed today everyone is getting crushed; the market is red. I have 2 stocks that are in the green today; the rest are down 5-10% Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 21 of my stocks in green 70 in red Quote Link to comment Share on other sites More sharing options...
richsox24 Posted February 18, 2021 Report Share Posted February 18, 2021 12 minutes ago, WVU said: 21 of my stocks in green 70 in red I wish that was my ratio today. Lol Quote Link to comment Share on other sites More sharing options...
IAG Posted February 18, 2021 Report Share Posted February 18, 2021 24 minutes ago, brokerstip said: everyone is getting crushed; the market is red. I have 2 stocks that are in the green today; the rest are down 5-10% My only positions currently in green are GDLC and ETHE (both crypto). Everything else REKD today. Quote Link to comment Share on other sites More sharing options...
IAG Posted February 18, 2021 Report Share Posted February 18, 2021 1 minute ago, IAG said: My only positions currently in green are GDLC and ETHE (both crypto). Everything else REKD today. Edit. Now just ETHE Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 1 minute ago, IAG said: My only positions currently in green are GDLC and ETHE (both crypto). Everything else REKD today. are you still not holding ADA? ADA is up. ADA all the way. Quote Link to comment Share on other sites More sharing options...
IAG Posted February 18, 2021 Report Share Posted February 18, 2021 6 minutes ago, WVU said: are you still not holding ADA? ADA is up. ADA all the way. Oh I just meant stocks. I’m in all same 15-20 cryptos....BNB killing it too. Relatively very little invested in stocks. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 22 minutes ago, WVU said: 21 of my stocks in green 70 in red I don't hold that many stocks in my day trading/swing trading account. I have about 15ish Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 As far as my coins 17 of them are up and 5 are down Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 4 minutes ago, IAG said: Oh I just meant stocks. I’m in all same 15-20 cryptos....BNB killing it too. Relatively very little invested in stocks. lol I thought ETHE was a coin Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted February 18, 2021 Report Share Posted February 18, 2021 11 minutes ago, IAG said: Relatively very little invested in stocks. REITs have tax advantages. Quote Link to comment Share on other sites More sharing options...
IAG Posted February 18, 2021 Report Share Posted February 18, 2021 9 minutes ago, WVU said: lol I thought ETHE was a coin ETH is a coin (Ethereum) ETHE is an Ethereum trust by Grayscale.. Quote Link to comment Share on other sites More sharing options...
mikeman Posted February 18, 2021 Report Share Posted February 18, 2021 1 hour ago, WVU said: the gains aren't that big if you still don't owe taxes No but when most of your income is sheltered in IRA's it's a good thing. You look poor but you're not. Quote Link to comment Share on other sites More sharing options...
IAG Posted February 18, 2021 Report Share Posted February 18, 2021 27 minutes ago, Jimmy Hoffa said: REITs have tax advantages. I think I used to know something about those but have forgotten, I will take a look..Thanks JH Quote Link to comment Share on other sites More sharing options...
Roach23 Posted February 18, 2021 Report Share Posted February 18, 2021 4 hours ago, brokerstip said: Good problem to have if you’re paying tax True. Not complaining about making money. Paying though is going to be rough since quite a bit was ST due to day trading. My tax guy Mr. Cohen is going to earn his overpriced fees preparing my returns this year. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 12 minutes ago, Roach23 said: True. Not complaining about making money. Paying though is going to be rough since quite a bit was ST due to day trading. My tax guy Mr. Cohen is going to earn his overpriced fees preparing my returns this year. Just a piece of advice going forward....I'm not sure if you are a 'donation' guy to church, foundations, etc.....instead of giving cash, give them appreciated stock. You gift them shares of stock, you don't pay the tax on the gain and then they sell it on their side. I typically do this with church at the end of each year. Don't do it on any losing stocks (no benefit) but something to consider going forward if that's something you do. I help a lot of farmers and tell them to gift grain at the end of each year rather than writing the check. They give the same amount but saves them self-employment and income tax. Quote Link to comment Share on other sites More sharing options...
Roach23 Posted February 18, 2021 Report Share Posted February 18, 2021 24 minutes ago, brokerstip said: Just a piece of advice going forward....I'm not sure if you are a 'donation' guy to church, foundations, etc.....instead of giving cash, give them appreciated stock. You gift them shares of stock, you don't pay the tax on the gain and then they sell it on their side. I typically do this with church at the end of each year. Don't do it on any losing stocks (no benefit) but something to consider going forward if that's something you do. I help a lot of farmers and tell them to gift grain at the end of each year rather than writing the check. They give the same amount but saves them self-employment and income tax. Good tip but don't you need a "donor advised fund" or someting of the like to do that? Also, most of my ST trades are shit cos/penny stocks where I'm riding the wave and then get paper hands and sell. I haven't been selling my AAPL, MSFT or AMZN that I hold LT. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 13 minutes ago, Roach23 said: Good tip but don't you need a "donor advised fund" or someting of the like to do that? Also, most of my ST trades are shit cos/penny stocks where I'm riding the wave and then get paper hands and sell. I haven't been selling my AAPL, MSFT or AMZN that I hold LT. I just donate it directly to the church. Best option would be to set up an account to a foundation then you get the tax deduction when you contribute it that and then write the check to the charity whenever you want. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 59 minutes ago, brokerstip said: Just a piece of advice going forward....I'm not sure if you are a 'donation' guy to church, foundations, etc.....instead of giving cash, give them appreciated stock. You gift them shares of stock, you don't pay the tax on the gain and then they sell it on their side. I typically do this with church at the end of each year. Don't do it on any losing stocks (no benefit) but something to consider going forward if that's something you do. I help a lot of farmers and tell them to gift grain at the end of each year rather than writing the check. They give the same amount but saves them self-employment and income tax. This is really good advice. So you can donate a stock you paid 100 but has grown into 1000 and not pay the tax on the 900 and you get to write off the whole 1000? Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 12 minutes ago, WVU said: This is really good advice. So you can donate a stock you paid 100 but has grown into 1000 and not pay the tax on the 900 and you get to write off the whole 1000? If you donate a stock to charity, you don't pay capital gains tax. Quote Link to comment Share on other sites More sharing options...
WVU Posted February 18, 2021 Author Report Share Posted February 18, 2021 2 minutes ago, brokerstip said: If you donate a stock to charity, you don't pay capital gains tax. even short term? I knew this but never thought about utilizing it. I donate every year and should know better ? Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 2 minutes ago, WVU said: even short term? I knew this but never thought about utilizing it. I donate every year and should know better ? different rules on that one; I think you get to write off the basis of the stock even if it's double in 364 days. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted February 18, 2021 Report Share Posted February 18, 2021 added DPW at 6.50 Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted February 18, 2021 Report Share Posted February 18, 2021 WVU......been holding on to this for a bit but will share now......the FOMO might be done....I averaged down on my short in the upper $800's a couple times....that $25K car that is coming will not be what you think it will imo https://www.nasdaq.com/articles/teslas-profits-are-not-from-selling-cars-2021-01-30 Quote Link to comment Share on other sites More sharing options...
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