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Fully agree Carog!
Have a nice weekend everyone !
agree with you about the no penalties part as long as you leave the money (incl. gains) in the account. I am just not sure about the resetting of the clock. Need to ask my bank guy about it. As long as you leave the money in the account then the clock doesn't need to be reset. But if you sell for a big gain (remember a trade is a taxable event !) and draw the money before the 5 years, not only there will be a penalty but the clock may also need to be reset. IOW you start anew IMO.
i didnot say that you cannot daytrade it. Yes you can but the 5-yr clock resets to when you buy it back and you pay penalty on the trading gains if any. If you are younger than 59.5, you cannot draw the money before the five years without paying a penalty on the whole amount, capital plus gains. If you are 59.5 or above you can withdraw and pay a penalty only on the gains, not on the original capital (say 6500 but stock has doubled or tripled since you bought it for the Roth account). But if you wait 5 years then you can withdraw capital plus gains all taxfree and no penalty.
i am not talking about age below 59. I did my own research and talked to the retirement advisor of both my bank and my brokerage firm. They confirmed the info I posted here as true for my case (age > 59). I can contribute the max allowed limit of $6,500 (after tax money) per year in my Roth account and as long as I leave the investment in the Roth account for 5 tax years I can withdraw at any age and any time taxfree. That is the big difference from a regular IRA where you are taxed upon withdrawal but can deduct the annual allowed amounts for tax purposes (IOW you invest pre-tax money). So even when I reach age 75 I can start buying a stock for max $6,500 per year and withdraw at Age 80. You can Google all that info as I did and confirm it with an IRA/Roth investment expert if you want.
is the swedish stock market as pestered by shorting and HTF price manipulation as the US market?
i stand corrected: my current CR (margin cash requirement) at Etrade is at 70% (not 75%), raised from 25% on Thu Apr 16.
PS: this means you need to have 70% own cash (vs. previously 25%) to buy 100% of a certain stock (ANY in this case) FYI.
here is what I saw when I opened my Etrade account yesterday (I checked my account several times a day and didnot see the statement the day before):
Maintenance Call
Issued Amount
Due Date
Current
Amount (Real Time)
$xxxx.yy
04/23/2015
they normally give me 3-5 trading days to cover the call.
what does this have to do with Siaf?
it was not raised until yesterday at Etrade. My other broker still has the same requirement at 25% cash fyi.
Yeah we will also be the first Chinese company on a Swedish exchange I believe. In the beloved green agri / aquaculture sector with a half billion USD revenue, impressive eps and growth prospects. That will of course garner a lot of positive attention in Sweden compared to the mainly negative sentiment in the US for Chinese stocks, not to mention the thousands of Swedish shareholders, a Swedish BOD member and respected advisors like FD and Artic that Siaf already has in its camp....
actually both my accounts with 2 different brokerage firms saw a large reduction of cash requirement from 75% to 25% about 2 months ago right after the CUSIP change (IIRC) resulting in a sudden spike of buying power. I used some of that spike to buy more ANY shares as it dipped below $5 then $4. So now I have to give some of those new shares back that I bought on the reduced margin. I think others would have to do the same within the next 2-3 days.
Yes you can but the gains are taxable if the shares were not held for at least five years.
Yes. I am positive.
yes end of May 2015 we are supposed to get the F shares divi paid, something like $3.20 per F-share which is equivalent to 100 regular shares you owned as of the record date.
in my case the 5 years wait is a must. The shares I buy today must literally sit in the Roth account at least 5 years before I can sell them taxfree. That's the law.
Etrade now has a 75% cash requirement (from 25% until yesterday) in place. If other brokerage houses follow suite, I think we will see more selling pressure in the next few days.
Just tucked a few hundreds more shares in a Roth account at 12.57. I can wait five years and more.
I think he needs more cash to buy puts on NFLX. Me too but I am not going to sell my Siaf shares. Not now when so many positive things are about to happen in a matter of days and weeks. IMO of course ....
Carog: nice growth prospects indeed for aquaculture in China in general and Siaf in particular:
hah you look young!
not sure about Vienna but the Austrians I met when I went skiing in the Austrian Alps when still being a student in Stuttgart in the early 70's were just great folks. Still have a fond memory of them... all those discriminating prejudices about people of other countries are just BS IMO.
is next resistance at 13.28?
as far as I remember RSI was over 90 for several days in a row and was in record territory for ALL stocks per the discussion I had with RD at that time. We may see a repeat of that pretty soon IMO, especially if ECAB comes out with a PR today....
http://stockcharts.com/h-sc/ui
yes that's the message he's sending to the public. He bought near yesterday's HOD, very bullish IMO.
he already bought over 90,000 shares for his pingpong club acc. to Form 4. So the guy (or his lawyer) must know the play rules by now. Donot worry ..
You really think Company could file a Form 4 on April 14 ( two weeks after Q1 ended) like this that looks like an obvious breach of the blackout period for Q1 without consulting with their legal team?
Maybe it's because he bought shares not for himself or his family but for a nonprofit organization who is the direct beneficiary owner of the shares. Keyword is probably " non-profit". I am sure Company's lawyers have scrutinized and approved the case before filing Form 4.
Let me guess then. If I were looking for Mauiguy I wouldn't look for somebody smaller than 6'4 with dark hair or couch potato type. For NJM I'd looking for a mid age guy surrounded with pretty women ... Am I close lol?
Nice NJM. For anyone in the US who has not yet opened a Roth account TODAY is your last chance to open one ( call your broker, should take a few minutes) and contribute all you are allowed to ( 6k to 6,5k depending on your age) to tax year 2014. Yes 2014, not 2015. At $12 pps you can still get about 500 shares that you can withdraw tax FREE after April 15, 2019. That counts as 5 (tax) years the min time you have to keep the shares in your Roth before you can withdraw but in reality it's only 4 years right? Imagine what 500 shs will be worth by then. Tomorrow you can invest another 6-6.5k towards tax year 2015 at basically the same low cost basis. Why wait longer and possibly pay a lot more? fwiw
Anybody here holding Siaf shares in a Roth account? Way to go imo.
Interesting... so this CC is a rehearsal for the next one on a Swedish exchange? Me hope so.
I am knocking on wood that we will see at least $30 this year. You sure deserve it man!
Jay: have you held Siaf since 2010? I remember having seen your posts here years ago.
Challe: sorry for the late response. As Weeble said, in the States your stock gains are taxed based either on short-term capital gains or long term gains. The ST gains are taxed based on the same tax bracket as your ordinary taxable income (after certain deductions) and can vary b/w about 15% and 39% I believe. For example, if your gross taxable income is about 200K you are taxed at about 22% IIRC. The LT gains (for stocks held more than 1 year) were taxed at an uniform reduced rate of 15% until last year and now at about 24% I believe.
As for the 'well to do" folks at $1.75M holding, I'd say there are whales of any sizes in any country. If RD's projection of 600+ pps in 5 years comes to fruition then that holding will certainly propel you into the class of bigger whales of course. I consider myself like a "fingerling" among all the whales out there hehe.
Well even if you donot get the 2320 per week from pps appreciation you may still get more than half of your $200 per week just from divi in 5 years. If payout is 30% of eps per share by then you get:
$20.50 x 0.3 x 1000 shs/ 52 = approx $115.
Whoa nice dream RD! So if somebody owns 1000 shares (current cost 11.9k) he earns $2320 per week! When does it start so I can prebook my weekly cruise eh?
There are many reasons for selling but only one for buying.
Agree. Esp. bc he was willing to pay more than twice the price he had sold at in April last year. Very bullish from an insider imo.