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Talking stocks, trading, and investing in general - Page 353

post #5281 of 5291
Quote:
Originally Posted by idfnl View Post

What was the tax hit? Is it flat or based on income or the amount transferred?
It was taxed as wage income-- as it would have been if I'd pulled it out after 70.
post #5282 of 5291
I'd shelve the get rich quick books and read books on business valuation, portfolio management, economics and options pricing.
post #5283 of 5291
Quote:
Originally Posted by Concordia View Post

It was taxed as wage income-- as it would have been if I'd pulled it out after 70.

Wage income based on your current income?
post #5284 of 5291
Current. There was some discretion about which year to call current, and I think you could split it between two years, but it would have put me in a high tax bracket even without salary and other income. (This was a deal offered in 2009 or so that temporarily eliminated the income cap for Roth eligibility-- not sure if the exact same thing applies today, although there is the "back-door" option.)
post #5285 of 5291
Quote:
Originally Posted by idfnl View Post



TWTR is a dog, I can't wait to sell it. I'm trapped at $59, and I have so little conviction that I didn't bother to average down when it was in the 30s.

 

sell it now, psychological trap you are in to retain it

post #5286 of 5291
TWTR a dog? really? other than your buy price what's wrong with it.
post #5287 of 5291
Quote:
Originally Posted by concealed View Post

sell it now, psychological trap you are in to retain it

It has momentum, thankfully. I think It can get a bit closer to my breakeven.

Quote:
Originally Posted by AriGold View Post

TWTR a dog? really? other than your buy price what's wrong with it.


The shares have momentum, but the platform has really big problems. It was discussed earlier in the thread. If you want to be in the space, FB looks a much better bet.
post #5288 of 5291
Bought PANW, FITB, STML, UL, O, and NVS this morning.
post #5289 of 5291
I should open an IB account.
post #5290 of 5291
Quote:
Originally Posted by GreenFrog View Post

I should open an IB account.

Best of breed.


Woo hoo. LOCO popped, took profits.

EPZM and KITE are looking buyable at these levels.



EDIT: took new stakes and EPZM and KITE
Edited by idfnl - Today at 12:21 pm
post #5291 of 5291
Quote:
Originally Posted by idfnl View Post

Best of breed.


Woo hoo. LOCO popped, took profits.

Whoah - that's crazy!! happy.gif
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