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[sinon]

I totally did not see this thread before I made mine lol. Oops

 

[sinon]

Does anyone think it'd be a good idea to sell off SPLS and XRX to fund getting an ETF?

These both give dividends and I kinda don't want to sell them, but am wondering if holding for long term is unwise with stocks under $10?

edit: also regrets. Fear prevented me from jumping on the NAK train yesterday when the stock was at 10 cents

 

[YAHU]

Does anyone think it'd be a good idea to sell off SPLS and XRX to fund getting an ETF?

These both give dividends and I kinda don't want to sell them, but am wondering if holding for long term is unwise with stocks under $10?

edit: also regrets. Fear prevented me from jumping on the NAK train yesterday when the stock was at 10 cents

depends on how you feel about the company in the long run. If you dont think it ever has a chance of going back up it might be a good time to look for an exit point.

If you think it will stay around the same level, it might not hurt to wait for an ex-div date, collect the div, then sell.

Then again, I enjoy a good baghold

edit: ooohhh be careful with things like those. That is like prime memestock.

 

[sinon]

depends on how you feel about the company in the long run. If you dont think it ever has a chance of going back up it might be a good time to look for an exit point.

If you think it will stay around the same level, it might not hurt to wait for an ex-div date, collect the div, then sell.

Then again, I enjoy a good baghold

edit: ooohhh be careful with things like those. That is like prime memestock.

Ahhh I see. Hmmm, I'll have to give it thought then. I want to invest long term so I'd like to invest in things that provide that. Good advice on the dividend, will def check that out too.

Ehh I decided to buy two stocks a few minutes ago in NAK but it's under $5 so if I bust on it, it's not the end of the world.

 

[Zacharias]

the taxes are fine(ish) but reit ones are ...someone correct me if im wrong, but in a taxable account it's basically 30% of cap gains. regular dividends are taxed less iirc >.>

I just bought DIV and SDIV and have whatever small position of T still open.

I've been loading up on one yolo stock and have a few shares in different tech ETFs and then one share of amazon

I believe that REIT dividends are taxed as ordinary dividends so they will be whatever your current marginal rate is. That's in contrast to qualified dividends which get the same preferential treatment as long term capital gains. So if you're marginal rate is 15% or lower, qualified dividends are taxed at 0%.

 

[AlphaFemale]

I can't remember who I signed up under, but I used one of y'alls. Here is my referral:

http://share.robinhood.com/kalaj1

 

[Zacharias]

I want to invest long term so I'd like to invest in things that provide that. Good advice on the dividend, will def check that out too..

If you are taking taxes into consideration, it's good to hold on to your purchase for at least 1 year and 1 day if the value has increased. This puts the sale into the long term capital gains category. For most of us turkers, that means 0% tax the gain. If it's held for less than 1 year, it is taxed at your normal rate.

On the flip side, if you plan to sell at a loss, it doesn't really matter too much if it's long term or not. The loss can be deducted from your income so you will save some taxes that way too.

 

[Li0ness]

Not sure who's referral link I clicked, but thanks! Guess I'm going to join all you elite day traders over here in the corner. I see the buffet is nicely set up with Dom and caviar, nice touch. <3

 

[sinon]

@Jenningka and @Li0ness Woot more people to join us in our quest for stocks

If you are taking taxes into consideration, it's good to hold on to your purchase for at least 1 year and 1 day if the value has increased. This puts the sale into the long term capital gains category. For most of us turkers, that means 0% tax the gain. If it's held for less than 1 year, it is taxed at your normal rate.

On the flip side, if you plan to sell at a loss, it doesn't really matter too much if it's long term or not. The loss can be deducted from your income so you will save some taxes that way too.

Ohhh this is great advice Thank you for explaining!

 

[sinon]

Okay, NAK was a terrible idea and I've learned my lesson :tearsofjoy:

 

[YAHU]

Okay, NAK was a terrible idea and I've learned my lesson :tearsofjoy:

well, making money isn't a terrible idea, but getting on a hype train after the train has left the station is bad. someone in this discord has been doing that and straight up has been losing 10-15% a week since ive been in there. it's really sad but great entertainment at the same time

 

[Li0ness]

@Jenningka and @Li0ness Woot more people to join us in our quest for stocks



Ohhh this is great advice Thank you for explaining!

I'm excited! I'm using Acorns too, because I'm trying to save all the pennies I can into a slush fund for future expenses. I've always enjoyed staring at the stock market, so this should be a good time.

 

[sinon]

well, making money isn't a terrible idea, but getting on a hype train after the train has left the station is bad. someone in this discord has been doing that and straight up has been losing 10-15% a week since ive been in there. it's really sad but great entertainment at the same time

That's true. I think I generally want to invest more into blue-chip stocks and slowly get a diversified portfolio over time, but sometimes the little high volatility stocks can be tempting. (I also don't wanna admit that I confused NAK with some other 10c stock I saw last night and bought this morning in a haze of misunderstandings... oops)

I'm excited! I'm using Acorns too, because I'm trying to save all the pennies I can into a slush fund for future expenses. I've always enjoyed staring at the stock market, so this should be a good time.

Acorns is something I've yet to get into but I think I will soon. I've been more mindful of wanting to invest my money, carefully of course. There's also that nagging voice in my head that kept telling me to get into stocks, so here I am lol.

Great to have some peeps with us here so we can kinda chat/learn together w/e lol

 

[Li0ness]

That's true. I think I generally want to invest more into blue-chip stocks and slowly get a diversified portfolio over time, but sometimes the little high volatility stocks can be tempting. (I also don't wanna admit that I confused NAK with some other 10c stock I saw last night and bought this morning in a haze of misunderstandings... oops)


Acorns is something I've yet to get into but I think I will soon. I've been more mindful of wanting to invest my money, carefully of course. There's also that nagging voice in my head that kept telling me to get into stocks, so here I am lol.

Great to have some peeps with us here so we can kinda chat/learn together w/e lol

The Acorns referral link in my sig nets us both $5 if you sign up and put in an initial deposit of $5. It's still an investment account, but it's built more like a 401k, where you have a bunch of growth profiles you can sign up for, instead of specific stocks. It's thought-free management. Edited to add: it is NOT a 401k, so it's not tax protected or anything else.

 

[scrmcasey]

Wow, had to join and got a free Microsoft stock.

 

[YAHU]

Wow, had to join and got a free Microsoft stock.

:o grats!

thats like the silver jackpot!!

 

[sinon]

The Acorns referral link in my sig nets us both $5 if you sign up and put in an initial deposit of $5. It's still an investment account, but it's built more like a 401k, where you have a bunch of growth profiles you can sign up for, instead of specific stocks. It's thought-free management. Edited to add: it is NOT a 401k, so it's not tax protected or anything else.

Ohhh nifty! Definitely something to look into then.

If/when I sign up I'll check your referral. Thank you for the recommendation

Wow, had to join and got a free Microsoft stock.

Congrats! That's an awesome grab!

 

[Li0ness]

Wow, had to join and got a free Microsoft stock.

Hot DAMN! Nice one!

 

[YAHU]

oooh nice just got another share of $T

 

[sinon]

oooh nice just got another share of $T