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Re: food4thought post# 1727

Tuesday, 12/01/2020 12:24:12 PM

Tuesday, December 01, 2020 12:24:12 PM

Post# of 2963
That's a terrible way to invest ! Lol

But I think your close to some of the mechanics that will go on at the
End of the year . Remember a lot of people bought
Grwg around aug 17 2020 .
Some won't sell Bc they want to hold for the
Full year 15 percent tax rate . On the other hand day traders
Average income is probably under 85 k .
I think Ordinary income is about 25 percent ,
If they made a future their tax rate is equal to the ordinary income .
15 to 25 percent tax rate is not that much difference to hold a stock
For a full year . They can sell their loses now and gains to offset things .

Just to let you know I'm not a accountant so investors should check
With their accountant first and not take my word on it .

The biggest mistake people make is when to sell .
There is a big correction coming and I'll let you know
When I think it could happen . It's a mechanical event
And happens very rarely .

If anyone wants to guess when I ll start the conversation ??

Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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