Boiler Room: The Official Stock Market Discussion

[Serious]

 

[princeofhaiti]

I've been doing research. All yaw with 401k and ROTH need to get the fukk out of dodge.

Over the lifetime of the ROTH/401k, you lose 66% of the money you would have made. So you'd be 3x making all the same moves independently,

I personally don't like M1 either. Their customer service is bottom-tier and I don't believe in giving someone money and they purchase the shares on their own time. Even if you only purchase blue chips, you could miss out on dips fukking with them.

Fam, i dont about the facts you stating cuz u do make the moves independently on your own in Roth IRA , there is no middle man- you buy index funds/stocks/mutual funds at your own discretion. Now if u talking about 401K thats a different story, your limited to the funds your employers has to offer but its tax deferred money your putting in plus u get a match of up 3-6% depending on your company. Choose a low cost fund, match up to your employer and focus on your Roth IRA. Not sure why your trying to reach out to M1 for support, its automated to the fullest plus its simple. You literally let the M1 do the dollar cost averaging for you on a weekly or monthly basis on the stocks/index funds that you care about. Just my 2 cents

 

[Rickdogg44]

If my 401k has ARK....

Just bunch of target dates and vanguard

 

[Scholar]

SQ Investors if you following their twitter you know they dropped a clothing line: https://shop.cash.app/s/shop

What's interesting is to pay they have CashApp listed as a direct payment method. If they are able to do this at scale they will be able to by pass Visa & Mastercard

 

[Arithmetic]

DASH ABNB new lows.

 

[morris]

@Eric Brooks
Still learning this SPAC game. Looks like should have sold right before the symbol change as TRNE (now DM) has lost 70% of its value.

Holding but may dump soon. Falling like a rock

 

[NaijaProdigy Redux]

Lol bought my first slug of ARKG on 11/30 and up over $6K. Not bad at all.

 

[mr. smoke weed]

SQ Investors if you following their twitter you know they dropped a clothing line: https://shop.cash.app/s/shop

What's interesting is to pay they have CashApp listed as a direct payment method. If they are able to do this at scale they will be able to by pass Visa & Mastercard

Almost like their % of the market share js going to increase! SQ up 20% over the past month.
ARKG up 34%
PACB up 36%

 

[Scholar]

Almost like their % of the market share js going to increase! SQ up 20% over the past month.
ARKG up 34%
PACB up 36%

My lotto ticket call is gonna be

 

[IrateMastermind]

Hypothetical question. Say a stock made enormous gains overnight, do you cash in on those gains? If so, how do you avoid putting yourself in another tax bracket.

The reason I ask is because a few months ago my co-worker had a stock gain 35k overnight and he cashed out almost all of it. I know how much he makes but i don't know what he does to shelter his money from taxes but i can say with ease the 35k took him from the 24% tax bracket to the 32% bracket.

Am I overthinking this, is there a better way to handle that situation than to cash out? If so, can someone fill me in on the strategy?

 

[Scholar]

Hypothetical question. Say a stock made enormous gains overnight, do you cash in on those gains? If so, how do you avoid putting yourself in another tax bracket.

The reason I ask is because a few months ago my co-worker had a stock gain 35k overnight and he cashed out almost all of it. I know how much he makes but i don't know what he does to shelter his money from taxes but i can say with ease the 35k took him from the 24% tax bracket to the 32% bracket.

Am I overthinking this, is there a better way to handle that situation than to cash out? If so, can someone fill me in on the strategy?

Hm depends on the situation. If his gains were through an option trade and he was deep in the money he could have just rolled the option to next year and kept those gains as paper gains

But lots resources online though with different strategies though. Also, tax professionals

 

[Saysumthinfunnymike]

@Eric Brooks
Still learning this SPAC game. Looks like should have sold right before the symbol change as TRNE (now DM) has lost 70% of its value.

Holding but may dump soon. Falling like a rock

It is still company dependent at the end of the day.. I typically trim my positions prior to the merge. If it's something I'm not entirely sold on I'll sell out completely before the merge.

It's best to secure profits when you are up 40% 50% 100% than to wait on it imo

 

[Saysumthinfunnymike]

By the way the real reason I'm here so early is because ARKG touched $100. I felt that was reason enough. It's an amazing ETF. I thought it would touch 100 by the end of the year and it's actually a couple weeks early.

And the thing is.. it looks like it's just getting started.

 

[dora_da_destroyer]

Hypothetical question. Say a stock made enormous gains overnight, do you cash in on those gains? If so, how do you avoid putting yourself in another tax bracket.

The reason I ask is because a few months ago my co-worker had a stock gain 35k overnight and he cashed out almost all of it. I know how much he makes but i don't know what he does to shelter his money from taxes but i can say with ease the 35k took him from the 24% tax bracket to the 32% bracket.

Am I overthinking this, is there a better way to handle that situation than to cash out? If so, can someone fill me in on the strategy?

like scholar said, look online (capital gains calculators 2020 Capital Gains Tax Calculator - See What You'll Owe - SmartAsset) or holler at a tax accountant, but basic CYA is to sit ~25% of it aside to cover taxes.

 

[NatiboyB]

I have an extra $500 in my sofi buying power any recommendations for something to put it into. Rather short term or long term.