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I understand that but today is what I was worried about and the worst may be yet to come. Ive actually invested part of it into other business ventures which earn a much bigger yield than the market so it isn't all In cashQuote:
Originally Posted by DMX7
Man you really want some poor old folks with retirement to get whipped. This tax will get passed down by the entity that holds their money.Quote:
Originally Posted by boutons_deux
What happens when your other business ventures lose money? Or you just pull the plug on some guy who has asked you to invest in his lucrative car wash business while he is building 20 new car washes some of which YOUR money went to?Quote:
Originally Posted by m>s
I'm sure will have diversified into other imaginary ventures and funds by the time he finishes reading your post.Quote:
Originally Posted by pgardn
This is probably a good thing.Quote:
Originally Posted by Clipper Nation
It is amazing what estute investors we have on this site.Quote:
Originally Posted by ChumpDumper
Im getting crushed. But it's all on paper for now. But it could be realized if for some reason I had to cash out. I just feel sorry for the people who must cash out now to make some payment. I don't want people in financial difficulty to have to suffer from these incidents.
That commercial that simplified trading as: "when you see value in a stock and buy, you are buying from someone equally convinced that the stock has reached a high value and will go down." This is just not the case. People may have to sell to pay bills; They have no other choice.
Then you lost out on some stellar years of big, big gains.Quote:
Originally Posted by m>s
If you have played this game and not been punched in the face yet then you really have not played the game. Much like fighting, in the parlance of a world you claim to understand.
Suddenly I'm positive on the day.
It isn't a good or service, so why exactly should it be taxed with a sales tax?Quote:
Originally Posted by boutons_deux
didnt miss out on most of it, I may have overestimated by saying two years could be closer to a year ago when I pulled outQuote:
Originally Posted by pgardn
How did you know to pull out?Quote:
Originally Posted by m>s
And last year was also very good for me, just not as good as the year before. So in my world you lost making some very nice profits. Too bad.
How have you learned to time the market so well? Especially considering how many years you have expected an apocalypse? Based on what you post you should be buying only food, water, and weapons. Definitely not stock. I'm trying to help you here.
Finance background and good intuition. I still have some money out there in 401k. One could only look at the market and P/E ratios and know that the market is overbought. I wouldn't be surprised to see us go a lot lower. The economy is in worse shape than they admitQuote:
Originally Posted by pgardn
You should be on Wall Street then. Or an economics professor. People like you are extremely rare. Good intuition is a gift. Do not go into foreign affairs as you have taken a predictive punch in the face. Which if your intuition in this area were accurate should have probably led to financial collapse. Hmmmm....Quote:
Originally Posted by m>s
So I guess you don't follow your own foreign conflict predictions which shows a great deal of self control.
No, people who suffer from delusions of grandeur on the internet and can't even keep their story straight on when and what they invest in aren't all that rare.Quote:
Originally Posted by pgardn
That's the thing, maybe next time my hunch is wrong and I lose money. This time I win and I'm happy.Quote:
Originally Posted by pgardn
my only regret is not investing in American Airlines. My father was adamant that they were just posturing for better labor agreement and that they wouldn't fall flat. A few people I know got filthy rich but I was too nervous to risk it.
Invested in gm at under 20, Kroger at 22 or something, countless others some of these I more than doubled my money.Quote:
Originally Posted by DMX7
You're completely right about that, but small time investors who are forced to sell for immediate cash aren't really the primary drivers of prices imho. Institutional investors drive prices the most.Quote:
Originally Posted by pgardn
3m and Amazon were also great investments
Yeah, my investing skills go way up too with selective memory and the power of Yahoo! Finance's historical data.
Dude you don't have to feel bad everyone is losing money. I would hate to work on walls street. Interviewed for an internship once at an investment firm back when things were really volatile and everyone in the office was on suicide watch. Couldn't work in that type of environment
Didn't even have time to go look all those up right quickQuote:
Originally Posted by DMX7
You seem a little bit butt rustled at my superior German intellect comrade, no need to feel this way
Why should it be taxed? As someone else has already stated, it's not a good or service (i.e., some type of end-product)...A stock in an equity investment (i.e., an ownership interest in a company). Equity investments shouldn't be subject to a sales tax. The investment itself already gets taxed on its income and the dividends it pays out to its investors get taxed again.Quote:
Originally Posted by boutons_deux
In the world you're describing, if I start up a business an make an initial investment of $100K, and then immediately decide to sell half that business to my friend at book value, he should have to pay $50K + 8.25% sales tax??? That's bullshit.
That would be double taxation, commie gtfo
That would be triple taxation... Double taxation already exists.Quote:
Originally Posted by m>s