The AMC Stock Discussion Thread

[Uchiha God]

Just started watching Billions. Bobby Axelrod and his minions are the type of thieving crooks we’re up against.

aXe Capital are a bunch of unscrupulous horrible people. They do some really fukked up shyt. Still, and only because it’s a fictional show, I somehow still root for Bobby before rooting for anybody else. I guess it’s cause at least Bobby, for the most part, knows he’s a sociopath. The other people in the show, especially his enemies pretend to be “good people” while being just as egotistical, selfish and horrible and with the added self-righteous hypocrisy

 

[JackRoss]

Any stock you sell before a year you pay 37% anything after 15%

Trying to figure out a way to avoid the short term tax. Anyone with any ideas let me know.

 

[Software]

Trying to figure out a way to avoid the short term tax. Anyone with any ideas let me know.

You can't unless you held the shares for over a year. Just aim for a higher price that will give you how much you need after taxes breh.

Get a good CPA will help you figure out how to legally hide that money in non taxable assets or via deductions. But you'll definitely have to pay a good amount in taxes

 

[JackRoss]

You can't unless you held the shares for over a year. Just aim for a higher price that will give you how much you need after taxes breh.

Get a good CPA will help you figure out how to legally hide that money in non taxable assets or via deductions. But you'll definitely have to pay a good amount in taxes

My bad. I shouldn't have said avoid. I meant pay as little as possible. I have a price but I don't want to sell and want to figure out the best way to reinvest without selling or losing too much. I know an accountant but this might be a bit out of her territory. I'm a cheap b*stard just looking to pay as little on taxes as possible. Still adding to my little shares. I saw a video about a charitable remainder trust but that's only if shyt blows blows up.

My lady was saying the same thing about the short term but I'm willing to put it to the side for a year.

I'm new brother. Bear with me.

 

[Centaur]

I got AMC stock with TD and Fidelity and WeBull.

I refuse to fukk with RH anymore.

I'm bout to move my shyt to fidelity brehs!

 

[pawdalaw]

 

[pawdalaw]

 

[IsThatBrothaMouzone?]

We shall see.

Good news that another tool is being taken away from hedgies. Now we wait.

Right now it feels like a basketball game where Kyrie is running point but there's no shot clock. Breh can dribble the ball all quarter.

 

[pawdalaw]

I think this is the last rule.

 

[CoryMack]

Just started watching Billions. Bobby Axelrod and his minions are the type of thieving crooks we’re up against.

There’s a few episodes about shorts in there. The episode where they go to the Metallica concert is one. Recommended Billions a few pages back.

 

[CoryMack]

aXe Capital are a bunch of unscrupulous horrible people. They do some really fukked up shyt. Still, and only because it’s a fictional show, I somehow still root for Bobby before rooting for anybody else. I guess it’s cause at least Bobby, for the most part, knows he’s a sociopath. The other people in the show, especially his enemies pretend to be “good people” while being just as egotistical, selfish and horrible and with the added self-righteous hypocrisy

It’s based on Steve Cohen and real life events tho. We just don’t recognize the real life equivalents because most of us weren’t following the markets back when those events were happening. We will this upcoming season when they cover meme stocks because we’re living it.

In real life they were trying to catch him for the same kinda shyt chuck was trying to catch bobby, but Cohen said fukk it and paid the sec fine and that was that. obviously they couldn’t go that way in Billions.

 

[JackRoss]

We shall see.

Good news that another tool is being taken away from hedgies. Now we wait.

Right now it feels like a basketball game where Kyrie is running point but there's no shot clock. Breh can dribble the ball all quarter.

He'll get hurt eventually

 

[Software]

My bad. I shouldn't have said avoid. I meant pay as little as possible. I have a price but I don't want to sell and want to figure out the best way to reinvest without selling or losing too much. I know an accountant but this might be a bit out of her territory. I'm a cheap b*stard just looking to pay as little on taxes as possible. Still adding to my little shares. I saw a video about a charitable remainder trust but that's only if shyt blows blows up.

My lady was saying the same thing about the short term but I'm willing to put it to the side for a year.

I'm new brother. Bear with me.

You good bruh we're all in here learning. You gotta find a financial advisor for the reinvestment part. They would also be able to help you set up a trust.

Only thing I'm gonna say is about the part I put in bold is you gotta sell no matter what. When it squeezes and hits your price and you try to hold to avoid short term taxes you'll end up a bag holder unless you got in at like $10 or lower but even then you'll only double or quadruple your investment cuz it'll likely settle back down to $20 post squeeze.

 

[DJ Paul's Arm]

Is it too late to drop 10k in now…?

it’s on discount breh

 

[JackRoss]

You good bruh we're all in here learning. You gotta find a financial advisor for the reinvestment part. They would also be able to help you set up a trust.

Only thing I'm gonna say is about the part I put in bold is you gotta sell no matter what. When it squeezes and hits your price and you try to hold to avoid short term taxes you'll end up a bag holder unless you got in at like $10 or lower but even then you'll only double or quadruple your investment cuz it'll likely settle back down to $20 post squeeze.

Think I'm hit up a final advisor if/when it gets to 500/1000. I feel on the bold, I'm not getting caught holding the bag. Asking questions little questions now and doing a bit of research.