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Always notice on any board there's a few guys saying "I've made a killing doing x" and a few old timers saying "I did too, then I lost it all a little later."
If the stock market was simple, a lot more people would be making a good living.
Just to let people know, in order to Get 15% cap gain, you must hold for a year.Originally Posted by Ronin13
If you sell before then, it is invest income. Same rate as work income.
Ever notice how theres always some guy who has no clue saying crap about things they dont understand....
Seriously, what is your plan? If your going to make a snide comment like your above reply I would love to hear how you are invested.
The problem with your above statement, is there are always people who say "Oh yeah I did that once and lost my ass." Well, sorry to hear that. When I opened my shop, people told me I would go out of business and would be lucky to last 6 months- here we are 8 years later. When I went back to racing, "people" told me that was a stupid idea, that so and so did that and failed, lost all thier money.. blah blah blah... Well, sorry to hear that too.
So again I ask you, what is your plan smart guy?
Very true.
I make a living by trade and investnent at this time.
Gotta do tons of research, techincal, fundemental, macro, and micro on company and sector. With decent finance, accounting , and economics knowledge, it can reduce systemetic risk astronomically.
I make about 5 to 10 calls with analysts and talk to publisher before I make a transction.
just like everyone else:
Work until I die
at least we're honest about it.
Brian H
Longmont CO
"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do."
exactly
the only people who make money in the fraud market, err I mean stock market are the brokers/banks.
invest in lead.
Brian H
Longmont CO
"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do."
That's my plan...
"There is no news in the truth, and no truth in the news."
"The revolution will not be televised... Instead it will be filmed from multiple angles via cell phone cameras, promptly uploaded to YouTube, Tweeted about, and then shared on Facebook, pending a Wi-Fi connection."
I agree, high volume stocks like those that you listed are great to get in and get out on daily basis. If you get in on the down slide all you have to do is wait a couple of days and be back in the black.
Thinking of jumping back in and playing the stock market again. Had great luck in the past and been tracking a couple of stocks. Beats what I'm getting on a money market account.
Last edited by StevenP; 11-08-2012 at 00:20.
What Dwalker does in the stock market, is different than what everyone else does in the stock market. Stocks aren't really a long term investment plan. <-- That means that you don't just buy a stock and hang onto it for 30 years and hope the value goes up faster than inflation like you would a house.
"There are no finger prints under water."
We have 3 active money account+ 1 its, and left over 401 k .
We use 2 for short term < year. Rest are yearor more.
I use ira account when my investment income will make us in a higher tax bracket.
I wouldnt say i was lucky, but my wife had about 1800 shares of dillards during 2008 to 2009 at average of sub 5-6 per sr vested into 401 k. Now , it is at around 81 per share.
Much higher rate of gain than amazon, apple or seagate.
I did bank of america, and sprint this year, and doing okay.
Currently , doing research on AMD, and wendys. Don't get too surprised when ibd and barrons write an article around 2q13.
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