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Talking stocks, trading, and investing in general

cross22

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My employer as awarded me RSUs. If I understand correctly, I pay ordinary income tax on the value at vesting, right? Then I also have to pay capital gains on sale which will be ordinary income rates because I'm selling in less than a year.
You pay ordinary income tax at vesting, pay ordinary income tax if selling before a year on the difference between selling and vesting, and you pay capital gains tax on the difference if selling after more than a year.
 

patrickBOOTH

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I was heading out of town on a train to attend a funeral yesterday and I forgot my headphones. I went into the train station bookstore and randomly picked up Stephen Schwarzman's book. I got about a third of the way through and it is very good. I never would have picked it up otherwise, but the guy has had an interesting life and career.
 

patrickBOOTH

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So I opened a CIT Bank savings account and I kind of hate it. The interface is terrible and whenever I transfer funds into it it doesn't show them for a long time. It is odd.
 

jbarwick

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Marcus is pretty quick for transfers and the interface is simple. My normal bank, Regions, sucks.
 

otc

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I just converted all of my capital one 360 savings accounts (formerly ING Direct) to 360 performance savings accounts.

Beyond annoying that I had to switch each account individually (which also means that any external ACH links I had set up at other banks are now broken), but that puts me back at 1.7% and I don't actually have to change banks.
 

jbarwick

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I had my Roth IRA with them back in the day when I would try trading individual names.
 

Omega Male

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Not even Bat Soup Fever can dent the Dow. We haven't had a 1% down day for 15 weeks, "cash is trash" and that hedge fund dude says boom/bust cycles are permanently a thing of the past. Hmm.
 

imatlas

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I just converted all of my capital one 360 savings accounts (formerly ING Direct) to 360 performance savings accounts.

Beyond annoying that I had to switch each account individually (which also means that any external ACH links I had set up at other banks are now broken), but that puts me back at 1.7% and I don't actually have to change banks.

They did that to me too. It took me a few months to figure out why my interest rate was so low, they kind of tucked up that transition and really should make us whole.
 

Piobaire

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So I opened a CIT Bank savings account and I kind of hate it. The interface is terrible and whenever I transfer funds into it it doesn't show them for a long time. It is odd.

Yeah, I agree with that, however the rates seem really good. I'm getting ready to transfer out 50k for a brokerage account and I'll let you know how that goes.
 

patrickBOOTH

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The rates are good, but the problem is good rates on chicken feed, is still, sadly, chicken feed.
 

cross22

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Why do you guys fidget with your money so much? We have an unprecedented stock market happening right now, just ride it while it lasts. I get people need multiple accounts and such but some of you guys seem like you are at it every other day.
 

Piobaire

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Hey, I got shamed into opening my CIT account for my emergency cash stash. First new bank account in 20 years. As to riding the stock market while it lasts...can you give me that exit date so I don't have to hedge with bonds, cash, etc? ;)
 

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