Naw, I like to refer to myself as semi-retired. Still selling real estate but mostly a referral business at this stage. Not killing it trying to get new clients. Working a little as a landlord but not that busy, most major things have been fixed, roofs replaced,, many units renovated, heating systems updated, mostly minor stuff. Can't call myself semi-retired to clients though, they'd probably go somewhere else. I probably could retire, but then I'm still too young for Medicare and my regular medical insurance is almost 5 digits so the income is good to offset that otherwise I'd have to start selling a little.
stock market
- Thread starter Oildudeny
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Zee09
$200 Site Donor 2023
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MRO today.
I hit them hard today at $11.12 a share and sold for $11.60 in a few short hours.
I was paranoid even though oil is up.
But I got tired of watching if offer up money and passing on it. Tomorrow I may get burned...
This time of year every flip trade is a possible suicide mission....
I hit them hard today at $11.12 a share and sold for $11.60 in a few short hours.
I was paranoid even though oil is up.
But I got tired of watching if offer up money and passing on it. Tomorrow I may get burned...
This time of year every flip trade is a possible suicide mission....
Get rich flippin' or die tryin! I danced with SPG a lot the past few days holy moly the money i scalped!
I just sit on the sidelines and watch... Easy $$.
Sho
Is that normal for you?
I hate the idea of short term capital gain stocks.
Then again, I should’ve sold my Dogecoin when it hit 1000% for me, short or not!
Is that normal for you?
I hate the idea of short term capital gain stocks.
Then again, I should’ve sold my Dogecoin when it hit 1000% for me, short or not!
Zee09
$200 Site Donor 2023
- Joined
- May 5, 2018
- Messages
- 21,158
Yes that is my game
A few reasons why but I actually don't like my long term chances right now. It can be a emotional rollercoaster.
I'd say the majority of stock market is owned by sovereign nations' fund (Singapore, Norway, Saudi, etc), as well as the old monarch money all remotely controlled from Switzerland, Ireland, Bermuda, Cayman, British Virgin Islands, Panama, etc. Vatican would also likely own a huge amount of them as well. Norway alone probably own about 1.5% of everything in the world, the whole ME would likely be 10x that.
Retirement funds of the whole world probably would match that or be 1/2 of that just as my guess. Then there's the rich people's family offices probably 1/10 of the retirement funds, then the commoners who own less than 10M assets probably own a few M here and there.
We are all arguing about nothing, because we are all just talking about our nested egg like MVP sport stars when in reality they are summer camp kids.
I feel there’s absolutely nothing wrong with paying short term capital gains.
Its a necessary evil....
They want to kill the long term cap gains rates and just move it all to regular income.
It sucks to pay a lot of taxes but its better than not making the gains.
As to the majority of people who have no stock at all or no knowledge of it: Start. You can buy a share with no commission, or a fractional share. This irrational fear/avoidance of stock should be put to rest. Nearly everybody's budget could carve out something to put in the market each month. $5 a month even. You couldn't do that just a few years ago cause the commissions would eat you. Just don't buy AMC with it!
Only problem is that it's rather high, once you factor in state and local taxes. You could be in the 30-40% range which really cuts into profits. It's why Roth/IRA/401ks are so important, it can save you a lot of taxes and it can grow much faster without getting taxed every year.
I love paying taxes; the more the better. Try paying over $100K in a year...
Paying tons of taxes is a great problem to have.
Paying tons of taxes is a great problem to have.
No not really. When you are trying to grow a business and have to pay taxes during a good year as "pass through income" when you didn't even take money out of the company. Our tax system can be abusive.
Let's not get into the absolute waste and garbage where our money goes.
100k+ of total taxation is the entry point to the upper class in my opinion. Where you really start to carry a lot of other households' tax burden for them. By the time you add up state, local, property, sales tax, and federal income tax you can get to 100k taxed sooner than you think in some states.
The bottom 50% of tax filers had a mean average tax bill of $695 in 2020. That is less than many spend on a cell phone not a one year supply of United States Government services. So if you pay 100k federal you are paying the equivalent of what 143 other filers on average? Populism on display in the tax system here.
Agreed; 2 different subjects.
Good point. The difference in income in America is staggering.
I wonder just how many people pay $100K in Federal Income Taxes? Maybe less than 1 in 100? Just guessing...
It's a numbers game, right?
Again, it's a great problem to have. I wanna pay more!
Its about one in 20 actually. Think about it like Costco, $120 a year right? What if they let people who are in the bottom 50% of incomes have the membership for $1 and 1/20 have to pay $120 for it. Costco=Government
Wow! 1 in 20? Wow...
The person paying $1 probably has very little (like zero) disposable income. The person paying $120 has lots!
So, which person would you rather be?
For me, paying tons of taxes a great problem to have.
Its better to make and pay more yeah. 18/20 years i paid low tax bills. I paid a whopper of a tax bill last year, even took a heloc on my house to afford it lol. I philosophically agree that those with more can and should pay more. The problem is, politicians. They push what the masses want and put the cost on the top 20, or 10 or 5%. Nobody on either side is saying: "We have a huge debt problem and we can all help a little. Make Federal Income tax have a 5% minimum floor." The top 20% will never politically match the power of the 80%. The consequence of not staying on budget and reducing our debt hits everyone with inflation anyway. Inflation is just politically invisible where a little flatter tax structure is not.
Inflation can be the most regressive/punitive to the lowest income people. Fixed income retirees with little to nothing outside of a small social security check are getting eaten alive with cost creep in housing, utilities, food, ect.
That is slave speak
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