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OT: Stock and Investment Talk

These quantum computing stocks just don't take a break. I am hoping for a big correction to get in, but finding a level is getting harder each day. I did start taking profit by selling part my 2024 winners like SOUN, BBAI, TTD, etc. I am not selling PLTR for now.
 
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These quantum computing stocks just don't take a break. I am hoping for a big correction to get in, but finding a level is getting harder each day. I did start taking profit by selling part my 2024 winners like SOUN, BBAI, TTD, etc. I am not selling PLTR for now.
Any thoughts on DDOG? Hoping to get back into PLTR after a pullback. As for the quantum stocks, I understand the hype and momentum, but do many of these companies even have products yet? I need to do some research.
 
Big pop for RIVN today on the delivery report.
Yup, the roller coaster ride continues. My low point buy was $8.50. Still not sure if this should be a trade, or a long hold until R2 model comes out. Today I'm thinking I'll hold (because it's pumping) tomorrow when it's down 10% i'll be kicking myself for not cashing in.
 
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Yup, the roller coaster ride continues. My low point buy was $8.50. Still not sure if this should be a trade, or a long hold until R2 model comes out. Today I'm thinking I'll hold (because it's pumping) tomorrow when it's down 10% i'll be kicking myself for not cashing in.
Why can’t you do both?

You can trade around a core position. I do that for some stocks. Some you hold and the rest you can trade in an out of as appropriate. I usually hold the lowest cost basis shares i acquired.
 
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Big pop for RIVN today on the delivery report.

Yup, the roller coaster ride continues. My low point buy was $8.50. Still not sure if this should be a trade, or a long hold until R2 model comes out. Today I'm thinking I'll hold (because it's pumping) tomorrow when it's down 10% i'll be kicking myself for not cashing in.

Why can’t you do both?

You can trade around a core position. I do that for some stocks. Some you hold and the rest you can trade in an out of as appropriate. I usually hold the lowest cost basis shares i acquired.
Ya. I just trimmed what i added(after I trimmed) a couple weeks.

There is something psychological about holding a core position which makes the trade easier.
 
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I don't love muddying up my taxes and so far all my holdings are short-term so don't love paying full ordinary tax boat on short-term gains.
 
I don't love muddying up my taxes and so far all my holdings are short-term so don't love paying full ordinary tax boat on short-term gains.
Be careful making investment decisions solely on tax considerations. Waiting for LTCG can cost you profits (I've been there). All things being equal, if you're paying taxes on investments, you're making money.
 
Be careful making investment decisions solely on tax considerations. Waiting for LTCG can cost you profits (I've been there). All things being equal, if you're paying taxes on investments, you're making money.
I'm the same. Taxes aren't at the forefront of my mind generally. You're paying taxes because you made a profit. Would you like to pay less, sure but it's not going to guide any trading decision for me.
 
I'm the same. Taxes aren't at the forefront of my mind generally. You're paying taxes because you made a profit. Would you like to pay less, sure but it's not going to guide any trading decision for me.
My personal/fun account is a Fidelity brokerage account. We use TurboTax and Fidelity forms are automatically uploaded, so who cares about "messy" taxes. LOL! However, I do keep an eye on things to make sure I minimize taxes by the end of the year.
 
Be careful making investment decisions solely on tax considerations. Waiting for LTCG can cost you profits (I've been there). All things being equal, if you're paying taxes on investments, you're making money.
If your close to meeting the holding period for long term gain why not set up a stop loss order (though you're not losing) and see if it holds up for the year? If you're a long way away the sell and enjoy the profit.
 
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Do you only buy NJ munis for the double tax benefit? Any unique NJ rules to be aware of? I have been reading about some of the caveats (in general, not just for NJ):

My muni portfolio is nationwide with about 50% being NJ munis. Also, all of my munis are callable. They get me a higher yield to call and yield to maturity then straight muni bonds.
 
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My muni portfolio is nationwide with about 50% being NJ munis. Also, all of my munis are callable. They get me a higher yield to call and yield to maturity then straight muni bonds.
How do you deal with the "De minimis tax" issue with munis. Do you only buy at prices 100 or over? I guess you can go a little lower than 100 based on the duration of the bond without triggering taxes.
 
Do you only buy NJ munis for the double tax benefit? Any unique NJ rules to be aware of? I have been reading about some of the caveats (in general, not just for NJ):

If coupons are the same, NJ, DC and PR offer the highest tax equivalent yield. I do buy other states as long as the credit is good and it hits my tax equivalent yield requirement.
 
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