Dumb question for a guy who has ridden 401k and long term investments since the start but bought a handful of names as value plays in March and is thinking about taking a profit prior to the election. How do you guys who are regularly in and out of trades manage taxes in profits. I don’t want to take my profit, reinvest 60 days from now and then get a tax bill in April that forces me to sell again to pay. Use Fidelity, do most services have a calculator of sorts that helps you know what to set aside? Anything more efficient than that?
Yeah, the Dow, whatever it fell to last time 23/21/18. I don't remember, I just know I was buying at rock bottom prices and would like another opportunity to do that again.
Woof, well I guess I get to buy this dip on commission pay day Friday. Didn’t take nearly enough profits two weeks ago lol.
Here's my casino winnings for the period between 08.01.2020 - 10.28.2020. Will definitely take a major hit today though.
Bring on the red. My body and portfolio are ready. what are the chances we see DOW 24,000 again this year?
I'm 70% cash right now in my day trade / swing / semi-long account. 20% was thrown into RKT today at 18.82. Earnings coming up Nov 10th and they should crush it just they did the first time w the hot housing market and interest rates. But unlike last time, I am going to sell the run-up and not die a miserable death holding through them. Report was straight fire, and the sell off was legendary.
I am not going long on VOO, QQQ, SPY for a bit. I think the flux before, during, and after the election is going to provide some value into the new year. But a number on the daily there to watch is 296. So hard to find legitimate long term support on some of these post-mid march moves. Everything just looks so extended.
if biden wins and gets the senate the market will probably be static or rebound as the dems will make it rain stimulus in february but the inbetween period will be catastrophic *sitting on all his cash until we know*
this is my actual thoughts and if people are smart should be the broad consensus mcconnell tanked all stimulus pre-election, they want to be able to tank the economy if biden wins but doesn't get the senate to set themselves up for midterms if dems get the senate they'll push through their 2.2 trillion or more plan, probably even higher since the pain that will happen between now and then
I agree. I buy a bounce off of a Democrat infrastructure bill. I also agree we’re in choppy waters. Raising cash till January. Sell puts at or near the March lows on quality companies or indices.
Yea I am of the mindset that I’d like to make a big bet with so much on the sidelines I’m just not sure on what or how.
i'm going to trickle some in during this dip fwiw, the odds of a Biden win + senate majority are pretty high so don't want to whiff the potential surge off that result
This election has a chance to be a shitshow with Trump not conceding and corona will get worse. With that said if you look back the market in election years after the election is over has handily outperformed the market at the end of non election years. The markets like certainty and typically are volatile during election years but then run to end them regardless of who wins. IF Biden wins I think you see the market run in anticipation of stimulus.
I also get a big commission check this Friday. Plan I’m putting most of it into the market. Should be awesome buying opportunities for the next few weeks/months
Loaded up on leaps today. Love these big red days. JD 06.18.21 $85c, Baba 06.18.21 $310c. Bought JMIA shares as well
Made a quick grand with in the first hour after the markets opened. Never got another chance to get in again because work got in the way.
My own personal situation has kept me from getting in. None of the girls I know (my wife) use it anymore. Maybe like FB its filled with the boomers.
I’m of the mindset at least in the short term that a Dem blowout is the best for long plays. Guarantees taking Covid seriously and getting stimulus. If it’s a tight contested election I’ll be happy I have a ton of cash on the sidelines. Still about 60% invested. Thanks for attending my TED Talk.
I did a bunch of research and reading a few months ago and then got side tracked from putting money into some Vanguard Funds. Now I figure I might as well wait until the election is over.
It’s not sexy but putting your savings in diversified index funds and letting it sit for 30 years is going to beat the vast majority of stock pickers time and time again.
That's what I'm doing. I figure it really doesn't matter even I do get in to some index funds right now because even if they dip due to the election etc over the course of 30 years it will just be a blip. But I've still been a little scared .
SPY 323 Death Level back in range. Waited for a break of 320 last month before believing extended selling and it didn't happen. Will do the same today. Things look pretty bleak all around. Everything selling off. We will need to see some green today or I think things can snowball. VIX above 41 this morning. VVIX was above 150 yesterday at close. These are scary numbers that need to abate. No shame in waiting until the election passes before getting your feet wet. Volume was highest since early September sell-off yesterday.
Anybody have any thoughts on TBK? Has been rallying lately and CEO and other execs sold millions in last few days
AMZN crushes earnings estimate and the price plummets immediately from 3,320 to 3,140 (and still falling)
114K futures contracts dumped right before the close. Man you can't tell me FOMO wasn't starting to kick in if you were watching action all day. What a nasty dump after letting the price move up like that.
Well happy to own GOOG, sadly my AAPL position is 5x it. I’ll be buying more AAPL in the AM because I’m a junkie.
Damn. I’m over here celebrating $100 profit trades and pretending the $500 loss trades were an anomaly