BFI August [censored] Thread

[cbloom]

Yegads the volatility in the markets is nuts. I want to sell a bunch of my index funds and get into some stocks that I actually like, but I'm really disturbed about selling out of a fund that's going up at down 2% every few hours!!!

[CrushinFelt]

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can someone explain to me why short term traders pay more taxes than buy and hold traders?

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For U.S. investors, realized gains on assests held for at least one year are taxed as long-term capital gains tax. This is currently capped at 15%. Gains on assets held for less than one year are taxed as ordinary income tax which may or may not be higher than 15% depending on your specific tax situation.

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Oh come on, I gave him a hint.

[sebbb]

Thanks, I'm just ignorant of the tax laws that's all

[SlowHabit]

DesertCat,

Please clear your PMs. If your PMs are too important to clear, can you PM me on whether your fund is set up as an LLC or S/C corp? I gonna guess S corp [img]/images/graemlins/cool.gif[/img]

[CrushinFelt]

Wheat is up 96% in the last year now. Completely insane.

[john kane]

i've got $1700 in my spreadbetting account, any ideas what i should have a punt on?

a few suggestions if possible, ill go $500 per pick, if it drops 10% i lose so if it gains 10% i double up.