Replies to post #77414 on Argentum 47 Inc (ARGQ)

[art35]

Hello realsmoka--

I am an ole broker and have always reminded my clients that if they have an income of $20,000 and plan to pay the applicable tax at EOY---that all short term gains from security sales are ADDED to your income---so, if there is $18,000 short term net profits, you now have a $38,000.00 taxable income and are in the appropriate bracket-

So, be careful---I had an opportunity to establish $70k short term and declined to ride the converts out as the pps declined---it will rebound ---and for those type profits you need to be using long term capital gain taxes--

GLTY--

[PolishPowerplayer]

I think the point was that it is better to pay long term Cap gains vs. short term or wash trades.

[vp_007_99]

Exactly, this is a flippers stock until they prove they aren't personal enrichers!