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September 3, 2009 at 5:35 AM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #453102
LesBaer45
Participant[quote=Eugene]Always remember about taxes … if it’s a retirement account, you’re okay … if it’s not, you’ll pay 35-40% in taxes on any gains you make. And, if you bought a house or intend to buy a house this year, capital gains due to the sale might just be enough to kick your AGI above the $8000 tax credit eligibility threshold. You should always do the math.
If you’re investing outside 401k/IRA, it may be more profitable to wait out a small correction long stocks till you lock in the LTCG status, than to bail at the first sign of danger.
On the subject of feelings, I fully understand your feelings, but my rational side tells me that the stock market has enough strength left for one more rally. Maybe I’ll exit in October.[/quote]
I’m not selling a house, just trying to pay it off. It was bought way back in ’96 and this one set me back way more than the pittance I made on the previous one.
I’m with you on trying to stretch it to the LTCG threshold. I’ve been burned trying to do that in the past however, sometimes it’s better to take the tax hit than watch any gains and your principal go down the tubes. BTDT the T shirt fell apart already.
I think I still have some previous losses I can carry over to help anyway.
I’m with Eugene on the possibility of a fall rebound. A lot of maybes have to happen but reality doesn’t seem to apply anymore so I’ll just decline to fight that trend and see if I can milk it for all it’s worth.
Who’s running the odds on a major drop because no one will hold over the long Labor Day weekend?
I’m figuring it’s 3-1 right now.
LesBaer45
Participant[quote=Eugene]Always remember about taxes … if it’s a retirement account, you’re okay … if it’s not, you’ll pay 35-40% in taxes on any gains you make. And, if you bought a house or intend to buy a house this year, capital gains due to the sale might just be enough to kick your AGI above the $8000 tax credit eligibility threshold. You should always do the math.
If you’re investing outside 401k/IRA, it may be more profitable to wait out a small correction long stocks till you lock in the LTCG status, than to bail at the first sign of danger.
On the subject of feelings, I fully understand your feelings, but my rational side tells me that the stock market has enough strength left for one more rally. Maybe I’ll exit in October.[/quote]
I’m not selling a house, just trying to pay it off. It was bought way back in ’96 and this one set me back way more than the pittance I made on the previous one.
I’m with you on trying to stretch it to the LTCG threshold. I’ve been burned trying to do that in the past however, sometimes it’s better to take the tax hit than watch any gains and your principal go down the tubes. BTDT the T shirt fell apart already.
I think I still have some previous losses I can carry over to help anyway.
I’m with Eugene on the possibility of a fall rebound. A lot of maybes have to happen but reality doesn’t seem to apply anymore so I’ll just decline to fight that trend and see if I can milk it for all it’s worth.
Who’s running the odds on a major drop because no one will hold over the long Labor Day weekend?
I’m figuring it’s 3-1 right now.
LesBaer45
Participant[quote=Eugene]Always remember about taxes … if it’s a retirement account, you’re okay … if it’s not, you’ll pay 35-40% in taxes on any gains you make. And, if you bought a house or intend to buy a house this year, capital gains due to the sale might just be enough to kick your AGI above the $8000 tax credit eligibility threshold. You should always do the math.
If you’re investing outside 401k/IRA, it may be more profitable to wait out a small correction long stocks till you lock in the LTCG status, than to bail at the first sign of danger.
On the subject of feelings, I fully understand your feelings, but my rational side tells me that the stock market has enough strength left for one more rally. Maybe I’ll exit in October.[/quote]
I’m not selling a house, just trying to pay it off. It was bought way back in ’96 and this one set me back way more than the pittance I made on the previous one.
I’m with you on trying to stretch it to the LTCG threshold. I’ve been burned trying to do that in the past however, sometimes it’s better to take the tax hit than watch any gains and your principal go down the tubes. BTDT the T shirt fell apart already.
I think I still have some previous losses I can carry over to help anyway.
I’m with Eugene on the possibility of a fall rebound. A lot of maybes have to happen but reality doesn’t seem to apply anymore so I’ll just decline to fight that trend and see if I can milk it for all it’s worth.
Who’s running the odds on a major drop because no one will hold over the long Labor Day weekend?
I’m figuring it’s 3-1 right now.
LesBaer45
Participant[quote=Eugene]Always remember about taxes … if it’s a retirement account, you’re okay … if it’s not, you’ll pay 35-40% in taxes on any gains you make. And, if you bought a house or intend to buy a house this year, capital gains due to the sale might just be enough to kick your AGI above the $8000 tax credit eligibility threshold. You should always do the math.
If you’re investing outside 401k/IRA, it may be more profitable to wait out a small correction long stocks till you lock in the LTCG status, than to bail at the first sign of danger.
On the subject of feelings, I fully understand your feelings, but my rational side tells me that the stock market has enough strength left for one more rally. Maybe I’ll exit in October.[/quote]
I’m not selling a house, just trying to pay it off. It was bought way back in ’96 and this one set me back way more than the pittance I made on the previous one.
I’m with you on trying to stretch it to the LTCG threshold. I’ve been burned trying to do that in the past however, sometimes it’s better to take the tax hit than watch any gains and your principal go down the tubes. BTDT the T shirt fell apart already.
I think I still have some previous losses I can carry over to help anyway.
I’m with Eugene on the possibility of a fall rebound. A lot of maybes have to happen but reality doesn’t seem to apply anymore so I’ll just decline to fight that trend and see if I can milk it for all it’s worth.
Who’s running the odds on a major drop because no one will hold over the long Labor Day weekend?
I’m figuring it’s 3-1 right now.
LesBaer45
Participant[quote=Eugene]Always remember about taxes … if it’s a retirement account, you’re okay … if it’s not, you’ll pay 35-40% in taxes on any gains you make. And, if you bought a house or intend to buy a house this year, capital gains due to the sale might just be enough to kick your AGI above the $8000 tax credit eligibility threshold. You should always do the math.
If you’re investing outside 401k/IRA, it may be more profitable to wait out a small correction long stocks till you lock in the LTCG status, than to bail at the first sign of danger.
On the subject of feelings, I fully understand your feelings, but my rational side tells me that the stock market has enough strength left for one more rally. Maybe I’ll exit in October.[/quote]
I’m not selling a house, just trying to pay it off. It was bought way back in ’96 and this one set me back way more than the pittance I made on the previous one.
I’m with you on trying to stretch it to the LTCG threshold. I’ve been burned trying to do that in the past however, sometimes it’s better to take the tax hit than watch any gains and your principal go down the tubes. BTDT the T shirt fell apart already.
I think I still have some previous losses I can carry over to help anyway.
I’m with Eugene on the possibility of a fall rebound. A lot of maybes have to happen but reality doesn’t seem to apply anymore so I’ll just decline to fight that trend and see if I can milk it for all it’s worth.
Who’s running the odds on a major drop because no one will hold over the long Labor Day weekend?
I’m figuring it’s 3-1 right now.
LesBaer45
ParticipantWell it is stupid but don’t buy into that price exactly.
There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.
LesBaer45
ParticipantWell it is stupid but don’t buy into that price exactly.
There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.
LesBaer45
ParticipantWell it is stupid but don’t buy into that price exactly.
There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.
LesBaer45
ParticipantWell it is stupid but don’t buy into that price exactly.
There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.
LesBaer45
ParticipantWell it is stupid but don’t buy into that price exactly.
There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.
LesBaer45
ParticipantMeh. I’m thinking about bailing since I went all in March 18th. I’m still thinking it’ll be a sideways market for a while, with a little up & down action just to keep things churning.
I’m still guessing an e-o-y rally will happen. It’s Jan 2010 I’m worried about crash & burn city.
I’d really like to sneak in under the 1 year long term capital tax gain but I’m afraid I’ll be caught out buck naked again if it goes into the dumper before then.
Guess I need to bump up the stops again tonight or at least check on them. Most of the equities I’m holding haven’t exactly been going up the last two weeks.
I’m counting on the funds for the final payoff of my mortgage, I can’t screw this up. %-/
Assuming I hold till 2010, I’m unloading everything I can outside of 401K/IRA before 10/2010. I’ll move the 401K/IRA into cash options at least.
I need to take advantage of the “Booooosh” tax cuts before they expire. Besides I figure the wheels will come off sometime around 12/2010 early 2011.
This of course guarantees there will be a post election cycle bull market, and I’ll be kicking myself relentlessly for months. 🙁
LesBaer45
ParticipantMeh. I’m thinking about bailing since I went all in March 18th. I’m still thinking it’ll be a sideways market for a while, with a little up & down action just to keep things churning.
I’m still guessing an e-o-y rally will happen. It’s Jan 2010 I’m worried about crash & burn city.
I’d really like to sneak in under the 1 year long term capital tax gain but I’m afraid I’ll be caught out buck naked again if it goes into the dumper before then.
Guess I need to bump up the stops again tonight or at least check on them. Most of the equities I’m holding haven’t exactly been going up the last two weeks.
I’m counting on the funds for the final payoff of my mortgage, I can’t screw this up. %-/
Assuming I hold till 2010, I’m unloading everything I can outside of 401K/IRA before 10/2010. I’ll move the 401K/IRA into cash options at least.
I need to take advantage of the “Booooosh” tax cuts before they expire. Besides I figure the wheels will come off sometime around 12/2010 early 2011.
This of course guarantees there will be a post election cycle bull market, and I’ll be kicking myself relentlessly for months. 🙁
LesBaer45
ParticipantMeh. I’m thinking about bailing since I went all in March 18th. I’m still thinking it’ll be a sideways market for a while, with a little up & down action just to keep things churning.
I’m still guessing an e-o-y rally will happen. It’s Jan 2010 I’m worried about crash & burn city.
I’d really like to sneak in under the 1 year long term capital tax gain but I’m afraid I’ll be caught out buck naked again if it goes into the dumper before then.
Guess I need to bump up the stops again tonight or at least check on them. Most of the equities I’m holding haven’t exactly been going up the last two weeks.
I’m counting on the funds for the final payoff of my mortgage, I can’t screw this up. %-/
Assuming I hold till 2010, I’m unloading everything I can outside of 401K/IRA before 10/2010. I’ll move the 401K/IRA into cash options at least.
I need to take advantage of the “Booooosh” tax cuts before they expire. Besides I figure the wheels will come off sometime around 12/2010 early 2011.
This of course guarantees there will be a post election cycle bull market, and I’ll be kicking myself relentlessly for months. 🙁
LesBaer45
ParticipantMeh. I’m thinking about bailing since I went all in March 18th. I’m still thinking it’ll be a sideways market for a while, with a little up & down action just to keep things churning.
I’m still guessing an e-o-y rally will happen. It’s Jan 2010 I’m worried about crash & burn city.
I’d really like to sneak in under the 1 year long term capital tax gain but I’m afraid I’ll be caught out buck naked again if it goes into the dumper before then.
Guess I need to bump up the stops again tonight or at least check on them. Most of the equities I’m holding haven’t exactly been going up the last two weeks.
I’m counting on the funds for the final payoff of my mortgage, I can’t screw this up. %-/
Assuming I hold till 2010, I’m unloading everything I can outside of 401K/IRA before 10/2010. I’ll move the 401K/IRA into cash options at least.
I need to take advantage of the “Booooosh” tax cuts before they expire. Besides I figure the wheels will come off sometime around 12/2010 early 2011.
This of course guarantees there will be a post election cycle bull market, and I’ll be kicking myself relentlessly for months. 🙁
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