Replies to post #77415 on Argentum 47 Inc (ARGQ)

[realsmoka5]

Hey art35, i agree with your situation/ example..
however, I'm a student, i make 0$ (besides stocks) and will be lucky if i make 10k this year. ill only owe 3k in taxes and might end up getting some back on my return. also i have plenty losses to offset my gains. everyone is in a different situation. you do make a great point though and will add your wisdom to my knowledge. I do have plenty shares here in the 15% bracket now, i also know how to manage my tax lots, try to use high cost but then that takes away from those shares appreciating to a long term bracket. this time around is used lifo because no way am i selling my .005s

[jet101]

That really all depends on where it was with the $70k profit compared to where it is today.
If you had that profit when this was sitting around .04 back in October last year then today that's a 50% loss so you would have been better selling and paying the taxes. I know hind site is 20-20 and odds are you didn't think it would drop to under .02 but I just had to throw that out there. I had a ticker a few years back with a 200% gain after 10 months and decided to keep it the extra 2 months or so for the CGT break. Well right about 3 weeks before the year was up it dropped almost 50% so I lost profit even with the tax break. So ever since then unless it's a big name ticker I pretty much take profits when I can especially here in the OTC world. Again it's all a gamble here and there is no real right or wrong answer. It's just whatever you feel comfortable with. Just my 2 cents.....good luck everyone that is in this.