Mist
REEEEeyore
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A lot of equities have traded sideways since Jan 2021 and people have still made money off trading them.
Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
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The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
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Sigh. So as you all know I transitioned to a fidelity CMA in spaxx for EF and monthly expenses cash along with my own little personal portfolio.
So I’ve siphoned all the cash out of my advisor managed account. Two days ago I see trades initiated in that account. Apparently they aim to keep 1% cash on hand and obviously can’t see my other accounts. So now they sold securities that I didn’t need sold.. I’ll just transfer the cash to my personal brokerage account.
Ya I know, you’re all right.
edit - changed my paycheck direct deposit to go to my personal brokerage so advisor account doesn’t get more $$ to calculate amu. Changed core position in brokerage account to spaxx so when paycheck hits I can just transfer needed spaxx to CMA and invest the rest.
So I’ve siphoned all the cash out of my advisor managed account. Two days ago I see trades initiated in that account. Apparently they aim to keep 1% cash on hand and obviously can’t see my other accounts. So now they sold securities that I didn’t need sold.. I’ll just transfer the cash to my personal brokerage account.
Ya I know, you’re all right.
edit - changed my paycheck direct deposit to go to my personal brokerage so advisor account doesn’t get more $$ to calculate amu. Changed core position in brokerage account to spaxx so when paycheck hits I can just transfer needed spaxx to CMA and invest the rest.
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Sanrith Descartes
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There are lots of rumors that various Gold ETFs don't have enough gold to actually cover the redemptions were it to ever happen.
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Sanrith Descartes
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Mist
REEEEeyore
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There's a lot of speculation that this would also happen with crypto ETFs.
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Sanrith Descartes
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And remember. You are paying them for the privilege of them doing this to you.
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Flobee
Vyemm Raider
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This will 100% happen with ETFs. Its a major reason they're going to do it. Whether this round gets approved or they kick the can again.
Mist
REEEEeyore
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If you didn't think people were going to take profits from that Santa rally as soon as the tax year rolled over, I dunno what you were smoking.
Honestly it's held up much higher than I expected, except for my fucking INTC that I was 1 click from selling on the 29th.
Sanrith Descartes
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I had the movement correct but was off on the timing. I call this the Michael Burry syndrome.
Sanrith Descartes
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Gravel
Mr. Poopybutthole
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Seems like you'd take the profits off the board at the end of the year, not burden yourself with a nice fat capital gains hit to start the year off.If you didn't think people were going to take profits from that Santa rally as soon as the tax year rolled over, I dunno what you were smoking.
Honestly it's held up much higher than I expected, except for my fucking INTC that I was 1 click from selling on the 29th.
Always push taxes into the future when possible. The difference between 12/31 and 1/1 is 12 months of productivity of your tax burden.
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Mist
REEEEeyore
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Yeah, this seems obvious.
The money I don't owe the government on April 15th has a whole extra year to make me more money before I have to give it to them.
Then again, tons of people let the government keep 1000s of dollars of their money all year, while carrying a similar (or more) amount of money as credit card debt, just so they can get that phat refund check.
I always underwithhold and end up owing a few thousand. I don't need to give interest free loans to the IRS, and neither do I need them to execute my cash flow management.
Same applies to health insurance with low deductible but high premiums.
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Mist
REEEEeyore
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Haha, yeah, that's what everyone quotes when they post that chart.
For 9 years, BTC has been either first or last.
Sanrith Descartes
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Do you also calculate the underpayment penalty as well. Most people aren't away of this penalty. It's not "huge", but it does add up over time. Keeping your tax owed under $1k each year generally avoids this penalty.