Julian's America II: Electric Boogaloo

[Julian, Forum COGNOSCENTI]

Don’t bring The America into Trumps mess.

[kosmo vinyl]

The slack chat in JA today must be quite the thing to behold... a bunch of people potentially getting rich in the stock market, by sticking it to the already rich from the stock market...

The whole Reddit users taking on Hedge Funders by going long on GameStop stock others shorted is quite the news item

[Julian, Forum COGNOSCENTI]

All joking aside, my father bought a few thousand shares of AMC ten days ago and I had to explain to him why all this is happening and it went from $2.50 to $19.90 in a day. Literally just got off the phone with him.

[vansmack]

Equal parts funny, Schadenfreude and dangerous.

[vansmack]

All joking aside, my father bought a few thousand shares of AMC ten days ago and I had to explain to him why all this is happening and it went from $2.50 to $19.90 in a day. Literally just got off the phone with him.

Julian's America lets you manage your own money and not demand that you hire people to do that for you while you sip G&T's on a beach somewhere?

[Julian, Forum COGNOSCENTI]

All joking aside, my father bought a few thousand shares of AMC ten days ago and I had to explain to him why all this is happening and it went from $2.50 to $19.90 in a day. Literally just got off the phone with him.

Julian's America lets you manage your own money and not demand that you hire people to do that for you while you sip G&T's on a beach somewhere?

My father is retail investing. I don’t know from where in my story you got that I was managing my money?

[vansmack]

My bad - I assumed your father was in your America.  Do you want to talk about it?

[sweetcell]

All joking aside, my father bought a few thousand shares of AMC ten days ago and I had to explain to him why all this is happening and it went from $2.50 to $19.90 in a day. Literally just got off the phone with him.

did you tell him to sell ASAP?  if not, are you about to call back?

[Julian, Forum COGNOSCENTI]

All joking aside, my father bought a few thousand shares of AMC ten days ago and I had to explain to him why all this is happening and it went from $2.50 to $19.90 in a day. Literally just got off the phone with him.

did you tell him to sell ASAP?  if not, are you about to call back?

I could only convince him to put in a sell order at 19.5 for 75% for when the market opens. He wants to see if it goes higher on the other 25%.

I think his ego was a little hurt when I explained they were targeting shorted companies that experts advised against buying but I’m sure the $20k he stands to clear pre-tax will soothe what ills.

[sweetcell]

hot take: How Trumpism explains the GameStop stock surge

[ye-ole-hatch ıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

but I’m sure the $20k he stands to clear pre-tax will soothe what ills.

short term capital gains tax are a bitch

Likely would lose more by holding, so not worth the risk in this situation
but will eat a lot of the profits

Curious what made him get in 10 days ago?
that was for sure the time to get in


I will say this...if the US Gov't steps in to save some these Hedge Funds, I'm going to be livid
a number of hedge funds are in similar trouble that Melvin Capital saw in its GameStop $GME and may need to be bailed out.
they are gamblers pure and simple, if they lose they lose and that is the way of the sword

[vansmack]

short term capital gains tax are a real bitch

It’s just taxed as real income, which is exactly how a day trader should be taxed.  If Julians dad is retired it might not actually be that bad depending on how his retirement income is set up....

[Yada]

short term capital gains tax are a real bitch

It’s just taxed as real income, which is exactly how a day trader should be taxed.  If Julians dad is retired it might not actually be that bad depending on how his retirement income is set up....

I think we've learned to not take financial advice from $idecoin, right?

[ye-ole-hatch ıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

short term capital gains tax are a real bitch

It’s just taxed as real income, which is exactly how a day trader should be taxed.  If Julians dad is retired it might not actually be that bad depending on how his retirement income is set up....

Long term is 15% vs short term @real*
can be quite a different sum
But retired income could be fairly low income tax rate, so I didn’t take that into account
Fuck and I was hoping for a good Yelp review from Yada


*more complicated than that

[hutch]

There he goes again....