InvestorsHub Logo
Followers 7
Posts 830
Boards Moderated 1
Alias Born 09/07/2011

Re: joseytheoutlawwales post# 1705

Wednesday, 02/22/2012 5:51:09 AM

Wednesday, February 22, 2012 5:51:09 AM

Post# of 5124
I could never trade this objectively. I would be trying to get back to even, subconciously or not, which would require a several hundred percent gain plus I would need a couple or three hundred more percent to pay the capital gains taxes as I don't have the ability to write off losses such as folks who have businesses.

Even illegitimate scam businesses get more favorable treatment from the IRS over joey and joanne lunchbucket...I could write off more annually if I set up a lawn service with a lawnmower and a weedeater and a twenty-five year old pickup, better yet a brand new pickup truck, an $8000 mower and high dollar landscape trailer than I could with any amount of money playing stocks as an individual.

Or I could pick up other peoples stubs at the horse/dog track and get more favorable tax benefits.

I'm too emotionally charged over past events to 'trade' this particular shell company.