Investing General Discussion

Zzen said:

Genuinely surprised that Folder is allowed to larp in here.

Agaysar makes Shonuff look like Druckenmiller.

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Say what you want but Araysar has made me money. I got into Stock Pals expecting gay porn memes and juice... ended up with tendies

Zzen said:

Genuinely surprised that Folder is allowed to larp in here.

Agaysar makes Shonuff look like Druckenmiller.

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How's your P+L looking like in March?

Mine needs updating. It should be $2600 for today, not $2000

Zzen said:

Genuinely surprised that Folder is allowed to larp in here.

Agaysar makes Shonuff look like Druckenmiller.

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Oh he called me aGAYsar, thats a new one.

Just noticed.

Kiroy said:

aren't you down a couple grand?

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Still positive!

Kiroy said:

aren't you down a couple grand?

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I made $2K on the same play. I just took it earlier and punched out earlier.

Bandwagon said:

So. My company is being acquired. Some of our stock is being converted to ownership in the new company and some of it is being cashed out (and we don't have the option to deviate from those percentages at this time).

My cash out is something in the ballpark of $200k. What can I do to keep from getting ass raped by Uncle Sam so he can buy more bombs for Gaza?

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Nothing. He will rape you regardless.

You might lessen the rape by selling the stock and moving the money to index funds tied to S&P 500, etc. to keep up with the market, this will get you much farther ahead in the long term. This is assuming your company's stock performance isn't beating S&P 500 every year.

P.S. congrats on your mega tendie windfall.

Zzen said:

Jebus. Now I see why Blazin posts here less often.

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We do pre-market prep, call out likely winners and likely losers, point out stocks to stay away from, share info and help each other succeed.

We're not trading snobs and we make money by carefully managing risk, setting manageable goals and taking good plays. Stock Pals is not a penny stock gambling ring or some degen casino.

We are happy to share our info and tips with anyone who wants to ask for them.

Bandwagon said:

So. My company is being acquired. Some of our stock is being converted to ownership in the new company and some of it is being cashed out (and we don't have the option to deviate from those percentages at this time).

My cash out is something in the ballpark of $200k. What can I do to keep from getting ass raped by Uncle Sam so he can buy more bombs for Gaza?

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That's a lot of money, I would get a professional to take a look.

There has to be a tax shelter of some kind you can use, rich people pay for laws for a reason heh

Bandwagon said:

Thanks. Apparently it is. I don't even really remember what that means, but my ex's brother does investing and he said that when he was first helping me look at the offer.

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If this company is really beating S&P 500, then you have some options.

1. You can keep it as is and just let it ride if you have faith in the new company doing well.
2. If you want to take some money off the table for yourself, I would make sure that you've held the old and new stock for at least a year combined to get the lower capital gains rate when you sell (15% vs. 22-32%, depending on your income tax bracket)
3. Whatever you decide to do with the remainder of that money, I would suggest moving into an index fund to beat inflation and reduce risk.

At some point if you want a part of that money to use, the Feds will take their share when you turn it into cash.

Bandwagon said:

The cash-out as part of the acquisition is not an option. All of us are converting x% to stock in the new company, and being cashed out y%. No matter what, I am getting a check for y% in my mailbox.

So If I want to avoid some tax and reinvest it, I just need to make sure to do it in the same fiscal year....correct?

I'm meeting with my accountant next week anyways, just wanted to poke around on the topic a bit first

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Oh you're just talking about the cash out part. I thought you were talking about strategy for the money as a whole.

I'd talk to your accountant and the HR at your company to find out the recommended way forward because a lot of it will depend on how that payout will be structured and categorized by your company. It will also depend on how the current shares are categorized such as RSUs, etc.

Bandwagon said:

The cash-out as part of the acquisition is not an option. All of us are converting x% to stock in the new company, and being cashed out y%. No matter what, I am getting a check for y% in my mailbox.

So If I want to avoid some tax and reinvest it, I just need to make sure to do it in the same fiscal year....correct?

I'm meeting with my accountant next week anyways, just wanted to poke around on the topic a bit first

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so from my experience with RSUs you’ll have the option to sell a portion of your shares to cover federal withholding. I did that for my last grant. I can’t remember the exact benefit if any. I will say it’s painful the amount they take so just prepare yourself for the sticker shock the feds steal from you. 🫤