InvestorsHub Logo

andrius

11/28/17 10:52 AM

#25619 RE: SAMNOTSAMUEL #25618

True. But most make at least 37k a year right? Thats 25% fed tax + 5% or so state tax for most. So thats 30% "refund" on your loss. Even if you were "lucky" to buy at $1 avg selling here at .18 you get 18% of your investment back and 30% on your .82 loss which is 24 cents or so. So you get .42 back. With stock trading at .18 getting .42 is a freaking deal. Never mind many are stuck at $2 $3 $5 etc.

andrius

11/28/17 10:58 AM

#25620 RE: SAMNOTSAMUEL #25618

Also after 30 days you can rebuy and avoid the wash sale rule. So say you make $45k a year and live in IL. You bought 4k DCTHD at $2. Your 8k investment is down to $720. You sell the 8k .18. Get $720. + with fed and state taxes get 30% back. Which .6 x 4k shares. $2400 more. So now instead of $720 you got $3120. Unless you a complete moron you would sell for tax loss. And likely this is .05 in a month and with your $3120 you can buy 60,000+ shares instead of holding your 4,000 like an idiot.