Short term capital gains (< 1 year holding period) are taxed at your ordinary tax rate, you are not in the 35% bracket unless you make some big dollars. Long term capital gains (> 1 year holding period) are taxed at a maximum rate of 15% (in most cases).
I'm really new to all this and have lots of questions related to the investing of an IRA. Hopefully someone can give some insight. My dad was eligible to withdraw from his IRA recently or have it invested into different areas as recommended by some financial advisors. I wanted to see of those of you who know more about this agree with their recommendation. He wants to take a conservative approach and it's recommended he place: 20% into stocks which include international funds, 30% into something called Pioneer Strategic Income Funds (PCRX) which has government bonds, high-yield bonds and global investment grade, 35% into something which sounded like LQD (exchange traded funds?) 12% into a Black Rock Fund (MCDUX)? and the rest to be taken out as straight cash. They told me to use Morningstar.com to see how well they've been doing in the past. Any thoughts?
This scenario seems almost impossible at this point because nearly everywhere I look and everybody I talk to is expecting a big 2nd dip. Anyway, Dow up almost triple digits because we only lost 36k jobs *twirls finger in the air*
I like reading CXBBy's posts because it's like I'm reading a telegram from the 1920's translated from morse code due to the lack of nouns and subjects in his sentences.
I don't know if any of you watched Fast Money today, but they have this guy suggesting trades based upon technical indicators. Today as they were going to break, he says based upon "the technicals" he recommends getting into.... Genentech (Symbol : DNA). Ouch. Genentech was bought out about a year ago. They had to come back from break and not explode laughing, I think. That was embarrassing. I wonder if we'll see him again on the show.
Yea, definitely reevaluating things lately. The Russell breaking higher was a hint that things were not playing out the way I was seeing them. My short near 1130 will probably end up a loss. One of the better traders I talk to actually believes we will see euphoric buying in the coming weeks. I am not quite willing to go that far, but definitely starting to look for some long setups.
My gut instinct is telling me the big boys are going to pull the rug from under us any day now. Good risk/reward on index shorts right now, imo.
Another big day today, wonder when the selling will start. It's around this time last year I started getting into stocks, and right now seems like a good time to get out after the 1 yr anniversary.
same with me. i'm tempted to cash out as the stocks i bought have done up a lot. I bought one at 11 and is now 45ish, the other at just under 3 and is now at 9.5. I dont think i will, unless they really begin to tank but it was more of a case where they were undervalued, not necessarily doing that bad. I just wish i would have bought more!
This thread was started June 2008, shortly before the stock market crash. Before the crash, Warren Buffet had told people that investments without income (dividends) is the wrong way to go. That all these high earning (increasing share value) swaps, options, etc were dangerous investments. If you want to play it saf, go with the income earners. If you want to risk it, go with the value adders.
cvo and cgx. They are printing companies. Of course, marketing budgets were slashed last year but i think they are slowly starting to pick back up. I'm thinking about it but i think that they are actually at prices that they should be.
Haha no crazy results across the board like DonkeyMagic, but I can't complain given how little I knew/know. Didn't play with too much money, and started off with safe companies like coca-cola and altria, which are only up (relatively) about 30%. The only thing I did right was jumping on the Ford bandwagon when it was under 3 :grin: Definitely selling most of it in 2 weeks.
We must be following each other around. I own KO, MO, and F, too. But I got into F late (still up around 30%), but I'm up 35% of so in MO.
