I know , it's not fair that a stock drops 50% yet has to gain 100% to recover that. We need someone with authority that can change these stupid maths.
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So I'm still new to this whole shebang and wanted advice:

March 23rd I put a bunch of money into stocks. I'm up over 100% of that initial investment. Do I need to wait until March 24th 2021 to withdraw to avoid recording the gains as part of my standard taxable income? Or do I just need to wait for Jan 1st 2021? Or does any of this matter and I could cash out today. Thanks yall!
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Short-term gains are taxed more than long-term gains (over one year).

Adjust accordingly. You may want to hold for a year (March 24th) to minimize tax.

https://www.investopedia.com/article...-tax-rates.asp
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Definitely hold it for a year to minimize taxes, as Hammock said.
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Stocks held less than a year will be subject to a capital gains tax. That tax is calculated based on your income tax bracket. If you sold it after a year, that tax rate is going to be lower.

In the end it comes down to what your investment goals were for that stock. Profit is profit, and you can never go wrong taking it.
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Great answers. I think I'll wait for the full year and take the chances. It's a pretty decent tax difference, and I have confidence in the portfolio moving forward. Almost tempting to hold longer.
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yeah, until everyone gets polio from the "vaccine"...
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via GIPHY

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It depends on what your ordinary income is taxed at. The difference between short term and long term gain taxes is usually not a lot. Regardless of the gain type those forms are a pain in the cock to fill out regardless of which type of gain.

Here’s my recommendation. If your plan was to get it out, and you’re at 100% profit I’d get some out for sure. Easiest way is to get your initial investment amount out. Then you can roll with the profits. It’s unlikely you’d let the thing get to 0 so you’d be locking in a profit. There are other things you can do, like various kinds of stops and whatnot, which might yield better in a down turn, but those take some knowledge and management that you may not be comfortable with.

If your goal was to get it out, I’d definitely do some, anyway.
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Feel like I need to buy an airline stock and just let it sit. Seems like a slam dunk that it will come back
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Wow- huge Green day, largest I have ever had- my entire portfolio is Green today- 9% gain.
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Not me - I got wrecked today in tech.
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I am mostly in the Finance sector- World banks and investment companies.

I bought when they were all down 60% and my entire portfolio is green now sans 5 speculative stocks I have and those are very close to breakeven.

Great day today- I hope it holds.
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Yeah, I've been thinking similarly. I think the cruise lines and airlines have the biggest upside potential but also the biggest risk. I've bought a little more of those, but I had a fair amount in them anyway and lack bravery to do a lot more.

I've been buying little bits of the major hotel chains that I'm pretty sure will survive, as well as casinos. Even if their upside is a bit lower, I figure they're likely to have faster recoveries and I worry less about a bankruptcy to kill all my investment. I don't know if I'm right about that or not, but it's the way I've been moving.

Having said that, I'm not doing anything bold, just adding tiny additional amounts. I'm in a phase of life where I need a home run less than I want to avoid getting beaned in the face by a bad decision.
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Me also, i've moved a lot into the EV stocks. They started the day strong but then fizzled. And Netflix was a big loser for me today.
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