Author Topic: STOCK PRICE TALK: Opened at $24.75  (Read 33753 times)

avid investor

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Re: UPDATED: Opened at $24.75
« Reply #45 on: December 11, 2014, 12:20:15 PM »
So, all of you folks that are anxious to sell and take a quick profit, why not at least wait the 3 weeks until 1/1/2015?  Sell now, and you not only will pay income tax at regular income rates, you also will get to pay that with your 2014 taxes.  At least if you wait until 1/1, you won't have to pay until 4/15/2016.  Of course, if you wait until 12/11/2015, you can pay at the capital gains rate, too, rather than the regular rate.  Just something to think about.

lukkertin

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Re: UPDATED: Opened at $24.75
« Reply #46 on: December 11, 2014, 12:22:05 PM »
So, all of you folks that are anxious to sell and take a quick profit, why not at least wait the 3 weeks until 1/1/2015?  Sell now, and you not only will pay income tax at regular income rates, you also will get to pay that with your 2014 taxes.  At least if you wait until 1/1, you won't have to pay until 4/15/2016.  Of course, if you wait until 12/11/2015, you can pay at the capital gains rate, too, rather than the regular rate.  Just something to think about.

My marginal tax rate next year is going to be higher than this year. even if it weren't, I'd rather pay tax on $2400 of gains than less tax on unguaranteed amount of gains, which could even be a loss. One in the hand is better than two in the bush.

avid investor

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Re: UPDATED: Opened at $24.75
« Reply #47 on: December 11, 2014, 12:24:11 PM »
So, all of you folks that are anxious to sell and take a quick profit, why not at least wait the 3 weeks until 1/1/2015?  Sell now, and you not only will pay income tax at regular income rates, you also will get to pay that with your 2014 taxes.  At least if you wait until 1/1, you won't have to pay until 4/15/2016.  Of course, if you wait until 12/11/2015, you can pay at the capital gains rate, too, rather than the regular rate.  Just something to think about.

My marginal tax rate next year is going to be higher than this year. even if it weren't, I'd rather pay tax on $2400 of gains than less tax on unguaranteed amount of gains, which could even be a loss. One in the hand is better than two in the bush.
Yeah I know, but when it comes to taxes, the rule has always been "defer, defer, defer."  I'd rather use the 40% for another year, and invest it.  By 4/2016, it will be worth a lot more.

lukkertin

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Re: UPDATED: Opened at $24.75
« Reply #48 on: December 11, 2014, 12:28:24 PM »
Yeah I know, but when it comes to taxes, the rule has always been "defer, defer, defer."  I'd rather use the 40% for another year, and invest it.  By 4/2016, it will be worth a lot more.

You don't even know if you'll have that 40% to invest come next year.

avid investor

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Re: UPDATED: Opened at $24.75
« Reply #49 on: December 11, 2014, 12:29:39 PM »
Yeah I know, but when it comes to taxes, the rule has always been "defer, defer, defer."  I'd rather use the 40% for another year, and invest it.  By 4/2016, it will be worth a lot more.

You don't even know if you'll have that 40% to invest come next year.
Talking about the 40% that income taxes will take, bro.  That will be gone by 4/2015.  If I have $1 more than that after April, I am ahead of where I would otherwise be.

Booleans

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Re: UPDATED: Opened at $24.75
« Reply #50 on: December 11, 2014, 12:34:51 PM »
Yeah I know, but when it comes to taxes, the rule has always been "defer, defer, defer."  I'd rather use the 40% for another year, and invest it.  By 4/2016, it will be worth a lot more.

You don't even know if you'll have that 40% to invest come next year.
Talking about the 40% that income taxes will take, bro.  That will be gone by 4/2015.  If I have $1 more than that after April, I am ahead of where I would otherwise be.

If your Federal bracket is the 39.6% bracket then you're making over $400,000/yr if you're single. And yet you're still willing to risk a loss to put off $1500 in taxes to the next year?

avid investor

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Re: UPDATED: Opened at $24.75
« Reply #51 on: December 11, 2014, 12:41:18 PM »
Yeah I know, but when it comes to taxes, the rule has always been "defer, defer, defer."  I'd rather use the 40% for another year, and invest it.  By 4/2016, it will be worth a lot more.

You don't even know if you'll have that 40% to invest come next year.
Talking about the 40% that income taxes will take, bro.  That will be gone by 4/2015.  If I have $1 more than that after April, I am ahead of where I would otherwise be.

If your Federal bracket is the 39.6% bracket then you're making over $400,000/yr if you're single. And yet you're still willing to risk a loss to put off $1500 in taxes to the next year?
First, this stock isn't going to tank.  It may not "take off" like FB did, but it will hold ok.  Second, I don't just pay Fed taxes.  My state, like most these days, charges me, too.  Duh.

yojoakak

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Re: UPDATED: Opened at $24.75
« Reply #52 on: December 11, 2014, 12:49:39 PM »
So, all of you folks that are anxious to sell and take a quick profit, why not at least wait the 3 weeks until 1/1/2015?  Sell now, and you not only will pay income tax at regular income rates, you also will get to pay that with your 2014 taxes.  At least if you wait until 1/1, you won't have to pay until 4/15/2016.  Of course, if you wait until 12/11/2015, you can pay at the capital gains rate, too, rather than the regular rate.  Just something to think about.

If the price drops can I buy it back and avoid paying taxes on it (wash sale)? Or is that just for losses?

kitono

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Re: UPDATED: Opened at $24.75
« Reply #53 on: December 11, 2014, 01:09:55 PM »
Unfortunately I was only given 150 shares but I got out at $25  8)

TonySaunders

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Re: UPDATED: Opened at $24.75
« Reply #54 on: December 11, 2014, 01:42:54 PM »
Someone with experience, help me out here:

I got 250 shares. I don't know much about investing in stocks directly and I want to sell them.

I transferred money to my Fidelity account, but the transfer isn't final yet. Can I sell the shares immediately without invoking a "Good Faith Violation"? And what are the consequences of that, anyway?

Half Right

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Re: UPDATED: Opened at $24.75
« Reply #55 on: December 11, 2014, 02:04:06 PM »
tes you can sell immediately.

You can use the Capital gain on the sale to offset the capital losses caused by LC write offs of investors notes. Its a win win

Unfolder

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Re: UPDATED: Opened at $24.75
« Reply #56 on: December 11, 2014, 03:13:04 PM »
I'm taking out a 35000 dollar loan to buy LC shares fue fue fue

PennySaved

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Re: UPDATED: Opened at $24.75
« Reply #57 on: December 11, 2014, 03:40:34 PM »
I'm taking out a 35000 dollar loan to buy LC shares fue fue fue

Will this be a LC loan?

Dna2rna

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Re: UPDATED: Opened at $24.75
« Reply #58 on: December 11, 2014, 05:00:45 PM »
For all the people that were getting the error message.

I was as well when trying "sell all shares" option on the order screen.  If instead you type in 250 shares it went through

rawraw

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Re: UPDATED: Opened at $24.75
« Reply #59 on: December 11, 2014, 07:11:20 PM »
I'm taking out a 35000 dollar loan to buy LC shares fue fue fue
You are a very entertaining troll.  Hopefully you can stay creative ha ha