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The Market Thread

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steross

steross

he/him
A/V Subscriber
#1,366
Mar 31, 2004
31,099
32,332
1,743
oklahoma city
#1,366
oks10 said:
On a whim. (Was $7 at the time.)
Caught me off guard and hoped it was just a dip and didn't want to pay the taxes from having some of it less than a year.
$40/share. Lol.
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It is sitting just above its 200DMA which is also an area of consolidation from nov-dec. A bounce there back to 37-40 would not surprise me at all.
If it slices through that like butter though, then you may reconsider your plan.
 
bleedinorange

bleedinorange

Federal Marshal
#1,369
Jan 11, 2010
12,594
16,462
1,743
Close, very close
#1,369
Im Ur Huckleberry said:
Anyone in here in ARRY? I'm not invested but been watching for awhile. Pretty good entry point at the moment.
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With an average price target of $44.25 (high $53 low $30) and an all time high of $51, if I had it I might hold but I personally wouldn't buy it. Biotech's (like Inovio etc) can be high flyers after years of mediocre performance but you have to be ready to sell on short notice. They fall faster than they rise. imo
 
steross

steross

he/him
A/V Subscriber
#1,370
Mar 31, 2004
31,099
32,332
1,743
oklahoma city
#1,370
bleedinorange said:
With an average price target of $44.25 (high $53 low $30) and an all time high of $51, if I had it I might hold but I personally wouldn't buy it. Biotech's (like Inovio etc) can be high flyers after years of mediocre performance but you have to be ready to sell on short notice. They fall faster than they rise. imo
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Hey, who is this "new" guy in my thread?
 
cableok

cableok

Sheriff
#1,373
Mar 11, 2006
3,748
2,172
1,743
#1,373
steross said:
Click to expand...
Her tweet can be misleading.
Comparing previous adjustments from 15% to 20% and from 20% to 23% is no where near the significant and impactful increase from 23% to 44% that Biden is proposing.

That said, I think the noticeable impact will be prior to law enactment as people sell long-term investments. I think the more important concern is that longer-term investment will be effected.

My opinion: I don’t see how any person, who values person freedom, thinks it is valid and right that the government would take 44% to 50% (including some state taxes) of an individuals earnings.

EDIT: I should also note that I have proven to myself that I cannot time the market and don’t know really anyone who can...so this Biden capital gains proposal will not change my personal market investment strategy.
 
LS1 Z28

LS1 Z28

Sheriff
#1,375
Oct 30, 2007
4,789
3,893
1,743
#1,375
Biden's proposal doesn't make a lot of sense to me. It would give us the highest long term capital gains tax rate in the world. LTCG's have always been taxed at a much lower rate than regular income to incentivize long term investment. That incentive would be completely removed with this proposal.

If it passes, it could create a massive "rush to the exits" to avoid paying the higher rate. That could create a fairly significant market selloff. It could also create a higher level of volatility since there would be no incentive to hold long term. I can't see this being beneficial long term.

1619184538254.png


1619184585991.png
 
jobob85

jobob85

Drunkle
A/V Subscriber
#1,376
Mar 11, 2009
23,694
27,536
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#1,376
cableok said:
Her tweet can be misleading.
Comparing previous adjustments from 15% to 20% and from 20% to 23% is no where near the significant and impactful increase from 23% to 44% that Biden is proposing.

That said, I think the noticeable impact will be prior to law enactment as people sell long-term investments. I think the more important concern is that longer-term investment will be effected.

My opinion: I don’t see how any person, who values person freedom, thinks it is valid and right that the government would take 44% to 50% (including some state taxes) of an individuals earnings.

EDIT: I should also note that I have proven to myself that I cannot time the market and don’t know really anyone who can...so this Biden capital gains proposal will not change my personal market investment strategy.
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Interesting edit. I personally don't look at investment strategy and market timing as the same. If enacted the Biden capital gains proposal will definitely change my investment strategy. My leaning will be more towards stocks to buy and hold and dividend stocks.

Growth stocks with high PE's will become a much smaller part of my portfolio. The risk to reward ratio will change when I have to share more of my gains with Uncle.
 
oks10

oks10

Territorial Marshal
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#1,379
Sep 9, 2007
9,557
6,383
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Piedmont, OK
#1,379
Binman4OSU said:
ouch. I target a min 12% increase every year on my 401k. I figure if I can nail that I can retire well. I had to make some moves recently but I'm up 11.79% so far YTD
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I need to rephrase. My 401k I have no clue how it's doing (I'm usually too scared to look but it's faired pretty well outside of the fall it had last year). I'm talking about stocks that I've been buying on the side for fun. I had about $750 total a few months ago that fell to $350. I'm still net positive though (only invested $100 or so in the beginning on some stocks that ended up doing REALLY well and have since fallen back).
 
T

teachum

Deputy
#1,380
Nov 6, 2010
2,401
850
1,743
#1,380
Whatever your tax policy preference as far as percentage, does anyone still think that there is a legit reason for cap gains to be taxed differently from regular income??
 
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