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Reload this Page The big B

The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

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  #1  
Old 08-25-2011, 09:35 AM
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Zachary Boy Zachary Boy is offline
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Default 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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  #2  
Old 08-25-2011, 09:41 AM
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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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  #3  
Old 08-25-2011, 09:49 AM
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fishinpox fishinpox is offline
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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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  #4  
Old 08-25-2011, 10:33 AM
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Originally Posted by fishinpox View Post
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


I should of sold mine today at 8:40

It hits 9...its gone like Jordan after Gaftop
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  #5  
Old 08-25-2011, 10:34 AM
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do you have to pay taxes on short term trading??
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The cops are the experts on the current criminal trends. If they have determined that a “high capacity” semiautomatic pistol and a .223 semiautomatic rifle with 30-round magazines are the best firearms for them to use to protect people like me and my family, they are obviously the best things for us to use to protect ourselves and our families .
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  #6  
Old 08-25-2011, 12:28 PM
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do you have to pay taxes on short term trading??
Capital gains at the end of the year... I never take out any profit... I just place in an simple interest holding account(fund)
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  #7  
Old 08-25-2011, 12:49 PM
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do you have to pay taxes on short term trading??
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.
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  #8  
Old 08-25-2011, 01:12 PM
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cmdrost cmdrost is offline
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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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  #9  
Old 08-25-2011, 01:48 PM
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Originally Posted by cmdrost View Post
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
so in basically your estimated % gain may be a little construed???
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The cops are the experts on the current criminal trends. If they have determined that a “high capacity” semiautomatic pistol and a .223 semiautomatic rifle with 30-round magazines are the best firearms for them to use to protect people like me and my family, they are obviously the best things for us to use to protect ourselves and our families .
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  #10  
Old 08-27-2011, 01:08 AM
Gerald Gerald is offline
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And any larger amount of gains, may require you to make quarterly payments to the IRS and State gov.
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