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Thread: **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition

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06-11-2021, 09:45 AM
#3811
is nio a good long term hold?
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06-11-2021, 09:48 AM
#3812
Originally Posted By Duckliver⏩
Lolz

For real tho Goldman’s supposed to be a boomer stock. I know banks do well when rates go up vs everything else sucking but rates haven’t even gone up and it’s been ripping like a growth stock. Dunno if it’s gonna go back down a bit cuz I can’t believe it maintained the run up it has from low 300s.
Why is Goldman a boomer stock? In this thread it seems like if a stock is not a meme or tech it’s labeled boomer.


Boomer stonks holder here
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06-11-2021, 09:48 AM
#3813
Originally Posted By dopamine72⏩
Allot of fukers online and offline should be implementing the averaging in/out method.

You guys holing 100% of your position after a triple digit percentage run-up are going to regret it when the inevitable drop happens.

You can always buy back and only selling a quarter or half of total shares is fine. Stop buying and selling everything at once. And if you're paying fees on regular buying/selling shares then lol @ you.
True this. Particularly if you are in it just for a trade. If you are long term, then dollar cost average. If you are planning to buy 100 shares or more, sell puts and earn premium to lower your entry cost.
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06-11-2021, 09:50 AM
#3814
Originally Posted By MikeLowrrrey⏩
I can't imagine the taxes on constantly buying and selling. It's all or nothing with me. I'll sell some when it gets high, keep the rest in to see where it goes.
Most of everything I'm buying selling are long term holds so no difference in taxes

In fact one year because all my profits were long term I didn't have to pay any taxes on a substantial amount of gainz
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06-11-2021, 10:03 AM
#3815
Originally Posted By ListenHereBruh⏩
is nio a good long term hold?
Yes.
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06-11-2021, 10:06 AM
#3816
Can anyone suggest a good utility for tax tracking? I don't have any issue manually entering info I don't care about APIs

Crypto + Stocks in the same utility pref
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06-11-2021, 10:06 AM
#3817
Originally Posted By aberry33⏩
Why is Goldman a boomer stock? In this thread it seems like if a stock is not a meme or tech it’s labeled boomer.


Boomer stonks holder here
Just meant i view it as a long term hold with low risk but typically small gains.

Here’s a 20 year chart, the run up since november is pretty unprecedented.

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06-11-2021, 10:10 AM
#3818
Originally Posted By dopamine72⏩
Most of everything I'm buying selling are long term holds so no difference in taxes

In fact one year because all my profits were long term I didn't have to pay any taxes on a substantial amount of gainz
Are you trading in an ira account?
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06-11-2021, 10:12 AM
#3819
Hope AMC keeps it up
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06-11-2021, 10:13 AM
#3820
my puts going brrrrrr
"Paper money is going away" - EM
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06-11-2021, 10:16 AM
#3821
Originally Posted By lntense⏩
Are you trading in an ira account?
Nope

I was surprised as hell when it happened lol

The last taxes I just paid though raped me
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06-11-2021, 10:34 AM
#3822
Originally Posted By dopamine72⏩
Nope

I was surprised as hell when it happened lol

The last taxes I just paid though raped me

I was about to say Location: California lol
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06-11-2021, 11:17 AM
#3823
Originally Posted By dopamine72⏩
Most of everything I'm buying selling are long term holds so no difference in taxes

In fact one year because all my profits were long term I didn't have to pay any taxes on a substantial amount of gainz
This. Hodling 1 year+ adds 20% gainz. I'm pretty fuk't for the moment though because I've got $20k realized short term gains this year. Cottdam. I know strong first world problem.
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06-11-2021, 11:46 AM
#3824
fuk brahs, my water heater just went out today

fixed a leak in my minisplit AC units last month, $1500

going to replace my water heater, expecting $1000-1500

so much for homeownership being a good investment, fuk me brahs, I should've just put the money into VOO and remained renting (srs)…

At least I get half the mortgage back from renting out a room but still, not sure if its even worth it since I'll end up losing any gains once I sell the house anyways (surely the market will crash sometime next year + realtor commission)
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06-11-2021, 11:52 AM
#3825
Originally Posted By RobParks2M⏩
This. Hodling 1 year+ adds 20% gainz. I'm pretty fuk't for the moment though because I've got $20k realized short term gains this year. Cottdam. I know strong first world problem.
Das it

Nice fooken work m8

Also its a good thing you gotta pay more in taxes cuz ya made more. Although this makes me think and this may be completely retarded but I wonder if retail investors could possibly get a lower tax rate down the line since we're technically at a disadvantage…???
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06-11-2021, 11:53 AM
#3826
Originally Posted By SouthDakotaBrah⏩
fuk brahs, my water heater just went out today

fixed a leak in my minisplit AC units last month, $1500

going to replace my water heater, expecting $1000-1500

so much for homeownership being a good investment, fuk me brahs, I should've just put the money into VOO and remained renting (srs)…

At least I get half the mortgage back from renting out a room but still, not sure if

its even worth it since I'll end up losing any gains once I sell the house anyways (surely the market will crash sometime next year + realtor commission)

Energy efficient water heater for tax write off?
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06-11-2021, 11:56 AM
#3827
Took a 100 share position in UWMC @ 10.00

Why? Feel like it's going to catch the WSB hype cycle soonish it's kind of teetering around in popularity outside of the top shilled stocks right now.

Also the company could end up being a good long hold regardless

Basically same process that got me into CLOV at under 9. Lets see what happens.
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06-11-2021, 12:05 PM
#3828
Originally Posted By MikeLowrrrey⏩
I can't imagine the taxes on constantly buying and selling. It's all or nothing with me. I'll sell some when it gets high, keep the rest in to see where it goes.
To reiterate on this I don't even think there would be a difference in taxes constantly buying and selling anyways it simply depends on the amount of time you're holding the position before selling and which bracket you fall under. Someone please correct me if I'm wrong. (Also assuming you're not paying commission fees just lol if you do)

Depending on the amount you make, state you live in, how much you make per year and many other variables.

Tax rates for short-term gains are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Short-term gains are for assets held for one year or less - this includes short term stock holdings and short term collectibles.Apr 18, 2021
^ Never heard of anything under 20% for short term capital gains

for long term capital gains tax percentage
Long-term capital gains tax is a tax applied to assets held for more than a year. The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. These rates are typically much lower than the ordinary income tax rate.Apr 30, 2021
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06-11-2021, 12:06 PM
#3829
Originally Posted By lntense⏩
Energy efficient water heater for tax write off?
unaware (srs)

hopefully its nothing like my "efficient" ecoflush toilet that can only flush every three minutes (srs)

brb efficient water heater limits you to five gallons per day of hot water
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06-11-2021, 12:12 PM
#3830
Originally Posted By SouthDakotaBrah⏩
unaware (srs)

hopefully its nothing like my "efficient" ecoflush toilet that can only flush every three minutes (srs)

brb efficient water heater limits you to five gallons per day of hot water

I have no clue, luckily haven't had to replace one yet. I know there's deductions for some energy efficient improvements.
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06-11-2021, 12:14 PM
#3831
Originally Posted By Carbonfibre⏩
btw destor

if you're looking for amazing stock return, not sure if it happens unless you are planning long hold….I been holding them all almost 10 years now pretty much sideways or slow grind.

everyone just holds them for consistent safe dividends.

scotia bank is the highest ~4.5 percent (my guess 6 percent coming again)

royal bank is on the lower end ~3.5 percent.


imo they might be on peak for this year.

however dividend is dividend

Thx brah!

Originally Posted By SouthDakotaBrah⏩
unaware (srs)

hopefully its nothing like my "efficient" ecoflush toilet that can only flush every three minutes (srs)

brb efficient water heater limits you to five gallons per day of hot water
Something like this is probably coming anyways, limiting excess water heating is one milestone on IEA's roadmap to Net Zero by 2050
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06-11-2021, 12:15 PM
#3832
Canada is getting close to legalizing single game sports betting. 3rd reading was suppose to be last night. Now its Tuesday and from there its looking like the week of the 25th it will be officially signed into law.

SCR, FUNFF among others should benefit from it. How much is yet to be determined but should at least create some very nice swing trades on the hype alone.
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06-11-2021, 12:16 PM
#3833
On the waterheater discussion you have 2 efficient options

Tankless aka on demand has no storage just runs when you need hot water.

Hybrid (heatpump) same tech as a heatpump condensing unit creates heat the same way.

Both can provide tax incentives (check with your utilities what programs they have right now and do research on what feds are offering)
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06-11-2021, 12:28 PM
#3834
Any of you brahs in nvidia? Been considering throwing some money in but feel like it's been having a really crazy run up lately and csnt tell if it'll keep going up with the stock split or not. Long term they seem to be unstoppable at this point….
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06-11-2021, 12:31 PM
#3835
Originally Posted By A1lthatrema1ns⏩
Any of you brahs in nvidia? Been considering throwing some money in but feel like it's been having a really crazy run up lately and csnt tell if it'll keep going up with the stock split or not. Long term they seem to be unstoppable at this point….
I still think AMD Radeon GPUs will be able to provide solid competition for them, just waiting for that next gen launch from AMD

GPUs in general are a great technology though and NVDA is obviously the leader (but I wouldn't discount their competitors too much)
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06-11-2021, 12:32 PM
#3836
Originally Posted By A1lthatrema1ns⏩
Any of you brahs in nvidia? Been considering throwing some money in but feel like it's been having a really crazy run up lately and csnt tell if it'll keep going up with the stock split or not. Long term they seem to be unstoppable at this point….
No but doesn't seem horrible to get in before the split seems like a low risk play
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06-11-2021, 12:34 PM
#3837
Originally Posted By dopamine72⏩
Although this makes me think and this may be completely retarded but I wonder if retail investors could possibly get a lower tax rate down the line since we're technically at a disadvantage…???
All the people that write the laws(or lobby for them) want retail at a disadvantage so doubt it
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06-11-2021, 12:43 PM
#3838
Originally Posted By JoshSP1985⏩
No but doesn't seem horrible to get in before the split seems like a low risk play

I'm contemplating adding more
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06-11-2021, 12:54 PM
#3839
Originally Posted By A1lthatrema1ns⏩
Any of you brahs in nvidia? Been considering throwing some money in but feel like it's been having a really crazy run up lately and csnt tell if it'll keep going up with the stock split or not. Long term they seem to be unstoppable at this point….
Yes up 30%

Its going to 1k
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06-11-2021, 01:46 PM
#3840
Originally Posted By JoshSP1985⏩
On the waterheater discussion you have 2 efficient options

Tankless aka on demand has no storage just runs when you need hot water.

Hybrid (heatpump) same tech as a heatpump condensing unit creates heat the same way.

Both can provide tax incentives (check with your utilities what programs they have right now and do research on what feds are offering)
Tankless is infact the GOAT srs.
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