Owning an individual stock is no bueno. I was gifted 900 shares valued at $50.

[one-tai]

Now, it's only worth 8 dollars.  Luckily I was able to convert 20k dollars worth of it into index funds. Whew. 

[hmgROCK]

Now, it's only worth 8 dollars.  Luckily I was able to convert 20k dollars worth of it into index funds. Whew. 

hahaha

that's the FREE MARKET, man
if you can't adapted you die off
capitalism, bro

these days
the FED just bailing everyone out
too big to fail
 

"if you love me, you have to let me go"

[hmgROCK]

we need to stop bailing them airline
i got charge $30 for baggage

ahahah

time for SOUTHWEST, UNITED, AA
all those cats to go

 

[hmgROCK]

damn dude

900 share at $50
900x50= $45,000

that's  A  -55% loss
OUCH THAT GOTTA HURT MAN
THAT'S ALMOST LIKE A NEW TOYOTA CAMRY LOW END MODEL
 

[hmgROCK]

damn dude
last year i bought $NIO stock
but my dumb ass sold it around $10
than they started facing bankrupty
got super low to like $1-2 dollars

if i just held
i would have make alot of money

 

i had to sell my NIO stock at around $10 last year
them white rich meeka boys got me too nervously pumping it up
i did enjoy taking their money though
stock tank afterward...

[hmgROCK]

-$25,000  LOSS
-55%       LOSS


You ok, bro???
Need someone to talk too??
Need help on your next step???

Right now
Your priorities is writing those LOSS off on your tax
So you pay less tax for the next couple of years [\b]

When you do your tax, you will need to do the investment section
Since you be paying less tax, your loss might be -30%ish instead of -55%

[one-tai]

Thanks for the concern brother.  Nah, as soon as my company's stock reaches 12 or 13 dollars like it did before March, I'm going to sell it and transfer it into ETF's or mutual funds.

[hmgROCK]

Thanks for the concern brother.  Nah, as soon as my company's stock reaches 12 or 13 dollars like it did before March, I'm going to sell it and transfer it into ETF's or mutual funds.

damn dude

-$25k  LOSS is a hard pill to swallow
that's life changing money for many people
hahahah

and you didn't even flinch
my wife would have kill me

anyways

i think you belong on the WALL OF SHAME
 

[Kong Vang]

There’s a saying for people who trades in stocks... “it’s only a lost if you sale”. Unless someone is a day trader, it’s never wise  to hold individual stocks as they fluctuate wildly and can cause panic. In this case, it caused a dump of the stocks. Mutual funds is safer for long term.

Secondary, because the stocks was a gift and Was sold for less than it’s original value, this would be considered a lost and it is a legal tax write off. Unless a ton of money was made elsewhere, the tax bill should be near 0 for this year.

[hmgROCK]

There’s a saying for people who trades in stocks... “it’s only a lost if you sale”. Unless someone is a day trader, it’s never wise  to hold individual stocks as they fluctuate wildly and can cause panic. In this case, it caused a dump of the stocks. Mutual funds is safer for long term.

Secondary, because the stocks was a gift and Was sold for less than it’s original value, this would be considered a lost and it is a legal tax write off. Unless a ton of money was made elsewhere, the tax bill should be near 0 for this year.

He going be the HMONG DONALD TRUMP WHO PAY $0 tax

Hahahhaha
Lesson learn!!!

$3000 tax loss cap
But you can carry it over

25,000/3000= 8.3 years

[one-tai]

@ Hmgrock, when you have money like me, 25K hurts but not that much. Hopefully I will recover once the dust settles and things return back to the new normal.

[hmgROCK]

@ Hmgrock, when you have money like me, 25K hurts but not that much. Hopefully I will recover once the dust settles and things return back to the new normal.

@one-tai


-$25,000 is alot of money
Thats LIFE CHANGING money for many folks
You can even buy a small house with $25k
Like i say
They did a study and find of folks don’t even have $400 in the bank

Hahahaha


HOPE, WISH, GOD, YER SHAO are not good trading strategy

You need to look at their financial statements
See they making money and growing
I wrote a guide here

http://www.pebhmong.com/forum/index.php/topic,400099.0.html

[one-tai]

@one-tai


-$25,000 is alot of money
Thats LIFE CHANGING money for many folks
You can even buy a small house with $25k
Like i say
They did a study and find of folks don’t even have $400 in the bank

Hahahaha


HOPE, WISH, GOD, YER SHAO are not good trading strategy

Indeed it's life changing for many. What do you propose I do? Hang myself over 25K when I have over 800k in total assets. 

[hmgROCK]

Indeed it's life changing for many. What do you propose I do? Hang myself over 25K when I have over 800k in total assets. 

Give me the company ticker symbol
I will read their number and give you my two cent

[one-tai]

My bad, I forgot to add my $200k 401k into the above equation as well. 800k is just my cash on hand, cars, real estate investments, life insurance policy, & stock options. If you factor in my retirement then that makes me a millionaire.