Because you can't use the loss to offset your gains
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
It’s all gains for T2kplus20.
Not really. The loss is just delayed. Besides, if I wasn't stopped out, there would have been no lose anyway. So once again, what's the point? It's a push.
He is right a lot. And I mean, really a lot. However, what I value the most out of his service/research is when there is a rocky patch, he uses data and analysis to keep you focused on the big picture. At least to me, his guidance keeps me from doing anything stupid. I use his advice quite often.
It's funny, I guess because of all the 2.0-2.5% down days the past few weeks, it feels like the markets are crashing. And I know a lot of people are probably feeling pain right now. But looking at the index charts they really aren't that far off their highs. Just an observation.
True that in some ways the loss is delayed, but are you keeping track of all those wash sale losses? Unless you are playing with tiny amounts of money, the losses and gains are important to track. At least for me, I keep a very close accounting for my long term and short term gains/losses throughout the year.
For me, this has implications in the way I trade. This year, I took a ton of gains early in the year. Since, I don't want to pay taxes, I am willing to bet big on higher beta stocks particularly during this correction phase. If I am wrong and lose money, then I can offset with my gains. The total losses on these bets is discounted by 37%. I used this philosophy to make big bets on AI and SMCI which have not worked well, but also made a big bet on RGTI which has worked. In previous years, I would have never made trades in those equities at this level.
So yeah... loses and gains do matter unless you are trading very small amounts.
Very simply to track everything on Fidelity's platform. Just one click for everything on gains/losses including washes, long vs. short, by lot, etc.
It’s more about which tax bracket you are in. No way am I taking all the risk and sharing 50% of the profits with the government.
That’s assuming you’re investing in the S&P. Most of the tech stocks down about 15-20% right now.
QQQ is down less than 10% from it's ATH and basically back to where it was before the election hysteria. If one was overweight the Mag7 then yeah they're hurting right now.
Big Tech Discounts Investors Can Buy Now (GOOGL, AMZN, META)
Walmart PE is 38 and Amazon PE is 36 but AMZN future is better.
Like to get your take on why the reason for PE between the two companies. I’m happy to share my thoughts on it with you.
