Originally Posted by scho63:
One of my best friend's has the following 3 stocks as his largest holdings, and I mean large!
1. Tesla (Bought at $388) 300 shares down from 400 shares he sold around $1000
2. Square (Bought at $32) 1,500 shares
3. Shopify (Bought at $740) 100 shares
He is a very happy guy right now. He is the best non-pro stock picker I've ever seen. He told me about Chegg at $30 and a few others that have done incredible.
Square (SQ) has shot up $50 since I posted this. Good lord. :-) [Reply]
Take a look at doing Roth Conversion out of 401K's
Good chance if Dems go in, Cap Gain taxes will go up, maybe to regular tax levels...Convert now, pay the cap gain now and use the roths for your forced distribution [Reply]
Originally Posted by lewdog:
Any good long term buys right now?
I’ve been analyzing lots of stocks the past few days and nothing looks great for buy and hold.
I mentioned ENPH about a month ago. Wish I had bought some. I still think it's a good long term investment. They manufacture inverters for solar energy. As I said before I'm sitting on the sidelines until after the election. [Reply]
Originally Posted by F150:
Take a look at doing Roth Conversion out of 401K's
Good chance if Dems go in, Cap Gain taxes will go up, maybe to regular tax levels...Convert now, pay the cap gain now and use the roths for your forced distribution
That's good advice although the Cap Gains rate has nothing to do with Roth conversions. You will pay tax on the conversion as "ordinary income". So the common tactic is to convert just enough of your traditional 401k or IRA to a Roth without jacking you up to the next tax bracket.
Now that all being said, future income tax rates will definitely be higher if the Dems take control. So the game is to convert now at a lower tax rate or chance paying most likely higher taxes later. [Reply]
As I said before I'm sitting on the sidelines until after the election.
The gambler in me is having a really hard time doing this.
My pencil has me ready to pull some gains to put toward buying another rental, but I'm balls out busy right now and wouldn't have time to mess with it until winter. [Reply]
Originally Posted by ghak99:
The gambler in me is having a really hard time doing this.
My pencil has me ready to pull some gains to put toward buying another rental, but I'm balls out busy right now and wouldn't have time to mess with it until winter.
You can pull the money out and put it on the sidelines until winter.
Originally Posted by scho63:
The 5 year chart on this looks like shit but it does look like there is hidden value. Need to see some better basing of the stock price.