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The big B
(
http://www.saltycajun.com/forum/showthread.php?t=22512)
| Zachary Boy |
08-25-2011 09:35 AM |
The big B
Warren Buffett just dropped 5 billion in Bank of America. Does he know something that I don't? Hmmm
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Yea...its at a good Low and good time to buy in.....I'm in at lower 6,s..made 4 different buy ins..
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| fishinpox |
08-25-2011 09:49 AM |
I bought 10k in bank of America 2 weeks ago 6.90 I believe I'm holding on to it for 3-5 years as advised by my broker
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Quote:
Originally Posted by fishinpox
(Post 312376)
I bought 10k in bank of America 2 weeks ago 6.90 I believe I'm holding on to it for 3-5 years as advised by my broker
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I should of sold mine today at 8:40:pissed::pissed::pissed:
It hits 9...its gone like Jordan after Gaftop |
| SULPHITE |
08-25-2011 10:34 AM |
do you have to pay taxes on short term trading??
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Quote:
Originally Posted by SULPHITE
(Post 312415)
do you have to pay taxes on short term trading??
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Capital gains at the end of the year... I never take out any profit... I just place in an simple interest holding account(fund) |
| ckinchen |
08-25-2011 12:49 PM |
Quote:
Originally Posted by SULPHITE
(Post 312415)
do you have to pay taxes on short term trading??
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Short term gains (less than one year holding period) are more or less taxed like ordinary income where as long term gains are taxed at a much lower rate. |
| cmdrost |
08-25-2011 01:12 PM |
what he said ^
Long term gains are at a flat 15%, where as short term gains are at your income tax bracket. So if you're baller like W in 35% bracket, you're paying 35% on your short term gains. haha
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| SULPHITE |
08-25-2011 01:48 PM |
Quote:
Originally Posted by cmdrost
(Post 312476)
what he said ^
Long term gains are at a flat 15%, where as short term gains are at your income tax bracket. So if you're baller like W in 35% bracket, you're paying 35% on your short term gains. haha
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so in basically your estimated % gain may be a little construed??? :spineyes: |
| Gerald |
08-27-2011 01:08 AM |
And any larger amount of gains, may require you to make quarterly payments to the IRS and State gov.
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