Hi guys
On the topic of taxes, let me just ask this, since I am new (since Nov. in ETIM :) ) about the taxes.
Would just like the feedback and option.
I live in Atlanta, GA
so state taxes as well, unfortunately
If ETIM took off to say .50 in Oct., that would give me a profit value of $5,100,500
Would you take the profit (because they are no guarantees - in life - and something happened - where the signs were the stock might retrace for rest of year) - my personal belief is I want to hold to $1 by the way (however that kind of money would be a life changer).
Total gain would be $5,084,500 to my calculations.
38% capital gains would be $3,457,460 (not including state, which I have no idea what that is - I know shame on me).
Would you take that, or would you hold out in the hopes that it at least stayed at .50 or higher for the next 2 months, which would give you an additional $860,940.
I know, tough decision I would love to have :) But just wanted some experienced advice from investors that have been at this for a minute :)
Thank you