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Author Topic: damn.... stock market is crashing hard.... wipe out YTD gains  (Read 683 times)

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Offline hmgROCK

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #15 on: February 27, 2020, 07:38:43 AM »
going be another bloody day in the street



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Offline darkhelmet

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #16 on: February 27, 2020, 09:40:20 AM »
still a little bit high
we got a bit more way down to go yet

just chilll

like poker
don't show all your cards/hand

True bro, I'm still waiting for when this spreads in the US.  That's when it'll hit the bottom.

Hey I"ve got a couple stock that's nearing red, losing all my gains.  I'm thinking of selling those and buy them back later on when the price is lower since I'm thinking it will go even lower.
What do you think?



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Offline hmgROCK

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #17 on: February 27, 2020, 09:59:43 AM »
True bro, I'm still waiting for when this spreads in the US.  That's when it'll hit the bottom.

Hey I"ve got a couple stock that's nearing red, losing all my gains.  I'm thinking of selling those and buy them back later on when the price is lower since I'm thinking it will go even lower.
What do you think?

how's your tax situation??

if you sell and realized gains,  uncle same is going take 25% capital gain tax (depending on how long you hold it,short term or long term)

if i sell all my position. im going pay like $50k-100k just in tax alone to uncle sam
too much hassel
plus i got like 30 years mores till retirement


my advice is: 

if the stock is a good company and you think it can weather the storm
just hold
if you are scared, and have weak hand, just sell 10-30% of it
and rebuy when it hits the bottom





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Offline darkhelmet

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #18 on: February 27, 2020, 10:01:06 AM »
I won't have any gains, it's gonna be in the red very shortly.  I'm not selling any that is still green.

I will have some that is about $100-200 red.  I think it will go lower.


« Last Edit: February 27, 2020, 10:03:41 AM by darkhelmet »

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Offline hmgROCK

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #19 on: February 27, 2020, 10:03:09 AM »
I won't have any gains, it's gonna be in the red very shortly.  I'm not selling any that is still green.

in that case
you won't owe uncle sam much tax
cuz the gain is small


if the company is good, i will just sell like 10-30% of it



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Offline darkhelmet

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #20 on: February 27, 2020, 10:05:04 AM »
in that case
you won't owe uncle sam much tax
cuz the gain is small


if the company is good, i will just sell like 10-30% of it

Ok thanks!



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Offline hmgROCK

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #21 on: February 27, 2020, 10:32:52 AM »
Ok thanks!

you never want to get out of the market 100%
because you do get dividend and etc...
and overtime, that helps you out

instead you should be rebalancing

i wrote a thread on that

http://www.pebhmong.com/forum/index.php/topic,400314.0.html



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Offline darkhelmet

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #22 on: February 27, 2020, 11:19:58 AM »
you never want to get out of the market 100%
because you do get dividend and etc...
and overtime, that helps you out

instead you should be rebalancing

i wrote a thread on that

http://www.pebhmong.com/forum/index.php/topic,400314.0.html

I'm not getting out, I'm selling 10% of my stocks, the ones that are hitting red.
Gonna either rebalance or wait out for the bottom to buy back in.



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Offline hmgROCK

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #23 on: February 27, 2020, 11:31:01 AM »
I'm not getting out, I'm selling 10% of my stocks, the ones that are hitting red.
Gonna either rebalance or wait out for the bottom to buy back in.

Iím not selling any
My hands and mind are strong

Im actually going buy more tomorrow when i get pay  O0



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Offline darkhelmet

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #24 on: February 27, 2020, 11:40:59 AM »
It actually might go green today, so I made a bad choice.  Oh well, live and learn.
90% of my portfolio haven't been touched so I'm fine.  And I'll put these $$ back to work next week, so it should be minimal loss. 
And if the market does tank more, I'll have these funds to buy cheaper shares.  Now I'm rooting for the market to go down more.


« Last Edit: February 27, 2020, 11:55:13 AM by darkhelmet »

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Offline hmgROCK

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #25 on: February 27, 2020, 11:57:02 AM »
It actually might go green today, so I made a bad choice.  Oh well, live and learn.

Donít get emotional
When it comes to this kinda of thing

Donít sell off all your positions
Also donít buy with all your money

I add a little bit at a time

$500 here
$1000 there
$5000 here

Kinda like poker
Keep your cards close



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Offline darkhelmet

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #26 on: February 27, 2020, 12:02:01 PM »
Donít get emotional
When it comes to this kinda of thing

Donít sell off all your positions
Also donít buy with all your money

I add a little bit at a time

$500 here
$1000 there
$5000 here

Kinda like poker
Keep your cards close

Don't worry.  I'm keeping it strong.  Not gonna touch anything anymore. LOL
I remember back in 2018.  I lost $60k in Sept-Dec.  I never touched my account and it all recovered a few months later.



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Offline hmgROCK

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #27 on: February 27, 2020, 12:23:18 PM »
Don't worry.  I'm keeping it strong.  Not gonna touch anything anymore. LOL
I remember back in 2018.  I lost $60k in Sept-Dec.  I never touched my account and it all recovered a few months later.

I max both my wife and mine roth ira on JAN 1 2019
Donít sell
You should be buying stocks when its on sale

Im going buy some more tomorrow when i get pay


« Last Edit: February 27, 2020, 12:40:03 PM by darkhelmet »

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Offline darkhelmet

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #28 on: February 27, 2020, 12:39:32 PM »
I max both my wife and mine roth ira on JAN 1 2019
Donít sell
You should be buying stocks when its on sale

Im going buy some more tomorrow when i get pay

That's nice bro.  I'll buy next week after I get paid.


« Last Edit: February 27, 2020, 02:17:02 PM by darkhelmet »

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Offline Cali Guy

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Re: damn.... stock market is crashing hard.... wipe out YTD gains
« Reply #29 on: February 27, 2020, 02:12:10 PM »
Good thing I left a few weeks ago.



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