Oso planning to go pro
I think that there is a lot financial engineering going into corporate earnings at the moment. To say that I am shocked with some of the earnings is an understatement. I have noted many times on the firsthand evidence on the supply chain side, rising costs and increased labor costs, yet all have gone unnoticed in the big boys earnings. While I hope I am 100% wrong, I am becoming more skeptical on how earnings are being reported. I expected beat on the top line due to higher sales prices, I thought bottomline would suffer.
China has raised prices on a lot of goods... as you well know. Inflation imported from the East.
Should I sell AAPL today as I'm officially up over 200%? Or should I wait 15+ yrs and buy more on the dips? I think most people are worried about a major market correction in the next year.
Are you good at timing the market? Do you believe AAPL will outperform over underperform the market in those next 15 years you talk about?I wouldn't get too wrapped up in hitting a particular percentage gain. Congrats on hitting a triple, but the real question is what you think the stock will do relative to other options going forward. If you think it is overheated as Wags does, there is nothing wrong with taking a profit, though remember that you'll pay cap gains. The question is, if you do that, what will you do with the remaining proceeds after selling and paying gains?I've shared before that timing my selling if definitely not my forte, so I am giving no advice here.
I'm up 1000% with Cloudflare and I'm not selling. See you all on the moon.
SWEET!!! And ty for the detailed response and analysis. Without getting political what's your take on cap gains going up or even the possibility of unrealized gains being taxed? I can deal if they bump it to 28% but the unrealized gains? This would be a complete disaster imo. I have to believe that wont happen but nothing is certain outside of my cross-over dribble making fools look silly.
You didn't ask me, but capital should be taxed at the same levels as income.
What if you are retired or semi-retired and have a low/no income but a high net worth and investment income ? I don't neccessary have a prob with divs and c-g's taxed based on your income but it's conceivable it will drive the wealthiest away from the market which impacts everyone.
Now you know why I asked about AAPL! Their earnings were extremely disappointing. Lol..
While we're here...get rid of the step-up basis and the carried interest loophole.
Ehh, I feel like step-up basis is actually something that can meaningfully impact middle class people. It’s not just some tool of the rich. Inherit your parent’s $250K house but not have to pay capital gains on the $200K in appreciation since the house was purchased decades ago. $50K can be mean a lot to someone who otherwise might not have received much.
I stand by my first statement - capital should be taxed at same levels of income.I think there's discussion to be had about a progressive tax system for capital though, much like income.While we're here...get rid of the step-up basis and the carried interest loophole.
I don’t agree that they need to be taxed at normal income. It’s still at risk capital and should be treated differently as such. But I have no problem with an increase. 25-27% top rate puts the US in line with many of the European countries. Do that and clean up some of the loopholes and call it a day. There will be some hemming and hawing, but that puts it around the rate in the 90s which is fine and won’t lead to reduced investment.
Dividend income is being increasingly treated like wage income. It really needs to be taxed as such. Capital gains? Cool with a discount on that.
If they suddenly tax unrealized gains I'm sure they'll allow us to amortize those expenses over a few years. If they decide to raise short/long-term cap gains taxes, what are you going to do? Where else will you park your money? Do you have something else to do with your invested cash that will give you higher returns, lower taxes? While this does add some unknown into my retirement calculations, so does the thought that it would be in the best interest of the government to tax my IRA dollars as income.The best thing we can do is diversify our income streams among taxable & tax-advantaged accounts, and plan for the worse. It's more likely that a sudden, catastrophic health event will negatively impact my retirement IMO. Worst case you can just get a job at Arby's, I heard that nobody wants to work these days so you should have some leverage in salary negotiations.
Another beat and raise from CVS.I do think it is pretty much fully valued here after being up +38% YTD. Next catalyst will be restarting dividend increases either with the Q4 earning report or before the Q1 dividend declaration.