Originally posted by Kepler
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Business, Economics, and Taxes: Capitalism. Yay? >=(
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Originally posted by Spartanforlife4 View Post
For real. Have any of these meme investments gone bad this year? GME and AMC have been volatile, but as long as you didn’t buy at the peak I’m pretty sure you’re still ahead.
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Originally posted by FadeToBlack&Gold View Post
I'm looking forward to the "stonks" bros who sold at the peak by dumb luck getting their 1099-B forms next January and being all, "Wut dis?!"
Oh man, you know they've already lost every cent. They are gonna be ****ed.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
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Originally posted by BassAle View Post
some people want to increase it now that the sub has way more members. I think the $1B threshold was set when there were 1.5M members.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
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Originally posted by Kepler View Post
LOL.
Oh man, you know they've already lost every cent. They are gonna be ****ed.
Edit: ah, I think if they don't realize those losses this year, though, then they are screwed, because they still owe the taxes from realizing the wins. So they'd have to "sell low" enough stocks to cover those losses if they don't have the cash to pay the taxes - but if they don't notice this situation before December 31, then it might be too late and they will be truly screwed.Last edited by LynahFan; 04-15-2021, 09:55 AM.If you don't change the world today, how can it be any better tomorrow?
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Originally posted by LynahFan View Post
So far, all of my investments are in 401k, IRA, etc, so I'm totally ignorant on how trading actually works, but if they plowed those winnings into other losses in the same tax year, doesn't that cancel out and they owe no taxes? And isn't there even some sort of option to carry those losses forward to future tax years in the event that you're already "good" for this year (e.g. if losses exceeded wins, you could use the net to offset next year's income)?
Edit: ah, I think if they don't realize those losses this year, though, then they are screwed, because they still owe the taxes from realizing the wins. So they'd have to "sell low" enough stocks to cover those losses if they don't have the cash to pay the taxes - but if they don't notice this situation before December 31, then it might be too late and they will be truly screwed.Code:As of 9/21/10: As of 9/13/10: College Hockey 6 College Football 0 BTHC 4 WCHA FC: 1
Originally posted by SanTropezMay your paint thinner run dry and the fleas of a thousand camels infest your dead deer.Originally posted by bigblue_dlI don't even know how to classify magic vagina smoke babies..Originally posted by KeplerWhen the giraffes start building radio telescopes they can join too.
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I was thinking they went out and bought 100 top of the line sex dolls, or they donated all their money to Dump.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
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Originally posted by Kepler View Post
wsb wants it at a dollar.
Do you ever get the feeling the entire global economy is a bubble?
The problem is the people who put a lot of value into it. That is where wsb is kind of dangerous. There are people that see that and think they can turn their tuition into generational wealth. They buy with high risk and often on margin. When they lose they are ****ed. Never put into play more than you can afford to lose. (the banks never learn this lesson either)"It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
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Originally posted by BassAle View Post
I bought some for the hell of it when they started pumping it and the "DOGE to $1" memes started. Now I wish I bought more..."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
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Originally posted by Kepler View PostI was thinking they went out and bought 100 top of the line sex dolls, or they donated all their money to Dump.
If you don't change the world today, how can it be any better tomorrow?
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Originally posted by Kepler View PostI was thinking they went out and bought 100 top of the line sex dolls, or they donated all their money to Dump."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
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Originally posted by LynahFan View PostEdit: ah, I think if they don't realize those losses this year, though, then they are screwed, because they still owe the taxes from realizing the wins. So they'd have to "sell low" enough stocks to cover those losses if they don't have the cash to pay the taxes - but if they don't notice this situation before December 31, then it might be too late and they will be truly screwed.
Lots of amateurs are going to be crying about not getting a tax refund next year because of the capital gains.Last edited by FadeToBlack&Gold; 04-15-2021, 11:45 AM.
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Originally posted by Handyman View Post
All the time. That is why it is fun to play if you have nothing to really lose. This is like casino gambling to me...the entertainment I have had watching this is worth it even if Doge collapses. To go from weeks of being in the red to having it almost triple in 72 hours is just awesome to be a part of!
The problem is the people who put a lot of value into it. That is where wsb is kind of dangerous. There are people that see that and think they can turn their tuition into generational wealth. They buy with high risk and often on margin. When they lose they are ****ed. Never put into play more than you can afford to lose. (the banks never learn this lesson either)Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
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Yeah...moral hazard is a joke.
In other news: https://***********/NPR/status/1382729452849926145
Signs of an economic boom are emerging — as retail sales soared nearly 10% in March, and weekly unemployment claims dropped to a pandemic low."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
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Originally posted by dxmnkd316 View Post
I'm wondering how many of them sold some shares at a loss and then immediately bought back some of those shares within 30 days. Have fun with the wash sale rules.
oops
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