Apple is so DOOMED!!!!! They'll be bankrupt end of this year. Just wait and see! /s
So are you suggesting I buy more stock like I did on Friday?
Buying now? I dumped all my AAPL @ $300 and will pick them up again in a few months time @ $200! $$$$
You must like paying capital gain taxes.
Yep. I never understood the pump and dump mentality. Have always bought and held. Haven’t sold even one share of AAPL yet.
What is the point of having stock if you don't sell what you purchased for profit later?
Buffett buys and sells Apple constantly. Every buy is later sold at a profit. You don't look at it overall, you look at each buy/sell individually.
Exactly this Metriacantthosaurus! I LOVE to pay capital gains tax, seriously! It means I have made substantial profits, and locked those profits in! I used to do what you do SpamSandwich, buy and hold but in times like these you loose a lot of your 'on paper' profit. Crazy! By selling at $300 I have already locked in enough 'extra profit' (at current levels) to pay my capital gains bill and have plenty over! Look at it this way, the longer you hold, the more profit you make (which is great!) but you will have to pay the CGT when you eventually sell, and that will push you into the highest tax tier, if you invested enough as you should have. I will buy back in again when the market settles and have banked a large profit, taxes paid, then ride it up again.
Comments
Buffett buys and sells Apple constantly. Every buy is later sold at a profit. You don't look at it overall, you look at each buy/sell individually.
Exactly this Metriacantthosaurus! I LOVE to pay capital gains tax, seriously! It means I have made substantial profits, and locked those profits in! I used to do what you do SpamSandwich, buy and hold but in times like these you loose a lot of your 'on paper' profit. Crazy! By selling at $300 I have already locked in enough 'extra profit' (at current levels) to pay my capital gains bill and have plenty over! Look at it this way, the longer you hold, the more profit you make (which is great!) but you will have to pay the CGT when you eventually sell, and that will push you into the highest tax tier, if you invested enough as you should have. I will buy back in again when the market settles and have banked a large profit, taxes paid, then ride it up again.