$68/share  

I was much happier a few days ago when I cashed in on my 101% return on investment @ ~ $30/share  ...... LOL  

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GME is like when AMC was 12.00...just wait until that margin call comes in...?

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61 now!

So why did the SEC just impose a trading halt on AMC?

It's nothing new...circuit breaker melted today, checkout that volume today.

It's about that time to buy puts on the SPY

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Your beliefs become your thoughts,
Your thoughts become your words,
Your words become your actions,
Your actions become your habits,
Your habits become your values,
Your values become your destiny.

Looks like everyone is taking their AMC profits.

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Who got them SPY puts?

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Your beliefs become your thoughts,
Your thoughts become your words,
Your words become your actions,
Your actions become your habits,
Your habits become your values,
Your values become your destiny.

POP said the stock market, ONE BIG POP!!

It's coming, soon....

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"If you always do what you've always done, You'll always get what you always got"

Fed Announcement at 2pm

I'm thinking about cashing in (put $$ on the sidelines) since there's not much to win today but there's a lot to lose.  I can always reinvest tomorrow if i decide to cash out.  No broker fees or anything.

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Fed Announcement at 2pm

I'm thinking about cashing in (put $$ on the sidelines) since there's not much to win today but there's a lot to lose.  I can always reinvest tomorrow if i decide to cash out.  No broker fees or anything.

Yep, only short term capital gains. Who cares about those.

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Fed Announcement at 2pm

I'm thinking about cashing in (put $$ on the sidelines) since there's not much to win today but there's a lot to lose.  I can always reinvest tomorrow if i decide to cash out.  No broker fees or anything.

Yep, only short term capital gains. Who cares about those.

I think Hurricane only trades in a tax advantaged account, so those are N/A to him.

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I expect the Fed to protect Joe Biden and the democrats at least through the 2022 mid-terms then raise rates at the end of 2022 once the GOP takes back the house and senate.

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Fed Announcement at 2pm

I'm thinking about cashing in (put $$ on the sidelines) since there's not much to win today but there's a lot to lose.  I can always reinvest tomorrow if i decide to cash out.  No broker fees or anything.

Yep, only short term capital gains. Who cares about those.

it's all through the 401k account so there's no impact.  Just like putting it into a 2030 or 2065 or Bond type of an account.  It just gives me control of the investment rather than be relegated to 15 different ETF type of 401k planning accounts.

On a different note, do you all realize the top 5 wealthiest Americans only paid ~ 3.4% income tax last year?  They need to eliminate some tax shelters that they are using.

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I decided to stick it out with 1 hand on the sell trigger.

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I expect the Fed to protect Joe Biden and the democrats at least through the 2022 mid-terms then raise rates at the end of 2022 once the GOP takes back the house and senate.

I agree.  Many analysts, such as the UBS CIO, have raised their S&P500 target through June of 2022, with obvious short term volatility in the middle.

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I expect the Fed to protect Joe Biden and the democrats at least through the 2022 mid-terms then raise rates at the end of 2022 once the GOP takes back the house and senate.

I agree.  Many analysts, such as the UBS CIO, have raised their S&P500 target through June of 2022, with obvious short term volatility in the middle.

The right thing to do would be to immediately raise interest rates.

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Yep, only short term capital gains. Who cares about those.

it's all through the 401k account so there's no impact.  Just like putting it into a 2030 or 2065 or Bond type of an account.  It just gives me control of the investment rather than be relegated to 15 different ETF type of 401k planning accounts.

On a different note, do you all realize the top 5 wealthiest Americans only paid ~ 3.4% income tax last year?  They need to eliminate some tax shelters that they are using.

---

I decided to stick it out with 1 hand on the sell trigger.

Are you saying we should have a fair/flat/consumption/etc tax? You are, but when presented with it, you will say no.

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Yep, only short term capital gains. Who cares about those.

it's all through the 401k account so there's no impact.  Just like putting it into a 2030 or 2065 or Bond type of an account.  It just gives me control of the investment rather than be relegated to 15 different ETF type of 401k planning accounts.

On a different note, do you all realize the top 5 wealthiest Americans only paid ~ 3.4% income tax last year?  They need to eliminate some tax shelters that they are using.

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I decided to stick it out with 1 hand on the sell trigger.

Wealth and income are drastically different things.

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Yep, only short term capital gains. Who cares about those.

it's all through the 401k account so there's no impact.  Just like putting it into a 2030 or 2065 or Bond type of an account.  It just gives me control of the investment rather than be relegated to 15 different ETF type of 401k planning accounts.

On a different note, do you all realize the top 5 wealthiest Americans only paid ~ 3.4% income tax last year?  They need to eliminate some tax shelters that they are using.

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Do you have a source for that?

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it's all through the 401k account so there's no impact.  Just like putting it into a 2030 or 2065 or Bond type of an account.  It just gives me control of the investment rather than be relegated to 15 different ETF type of 401k planning accounts.

On a different note, do you all realize the top 5 wealthiest Americans only paid ~ 3.4% income tax last year?  They need to eliminate some tax shelters that they are using.

---

Do you have a source for that?

Correction -- it was the 25 people that saw their worth rise the most from the 5 year period 2014 to 2018 as quoted below.

https://www.propublica.org/article/the-s...income-tax

"The results are stark. According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%."

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Do you have a source for that?

Correction -- it was the 25 people that saw their worth rise the most from the 5 year period 2014 to 2018 as quoted below.

https://www.propublica.org/article/the-s...income-tax

"The results are stark. According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%."

"True tax rate" is a made up thing.   There's no such thing, because we don't tax wealth.   We tax income.  Wealth taxes are unworkable.  Several countries have tried them and abandoned them.  Wealth taxes are also unconstitutional.  

So, when you say, "the top 5 wealthiest Americans only paid ~ 3.4% income tax last year..." that is incorrect.  Absolutely false.  

Do you know that when it comes to income tax, the top 1% of all earners pay 40% of all US income tax?  That is a fact.  Do you also know that the bottom 50% of all earners pay 3% of all US income tax?  The top 1% pay more income tax than the bottom 90% pays.  

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Correction -- it was the 25 people that saw their worth rise the most from the 5 year period 2014 to 2018 as quoted below.

https://www.propublica.org/article/the-s...income-tax

"The results are stark. According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%."

"True tax rate" is a made up thing.   There's no such thing, because we don't tax wealth.   We tax income.  Wealth taxes are unworkable.  Several countries have tried them and abandoned them.  Wealth taxes are also unconstitutional.  

So, when you say, "the top 5 wealthiest Americans only paid ~ 3.4% income tax last year..." that is incorrect.  Absolutely false.  

Do you know that when it comes to income tax, the top 1% of all earners pay 40% of all US income tax?  That is a fact.  Do you also know that the bottom 50% of all earners pay 3% of all US income tax?  The top 1% pay more income tax than the bottom 90% pays.  

Ok, Jeff Bezos made $1.7m as CEO of Amazon?  Do you think it's fair that (using the average), he pretty much paid a 3.4% tax rate on his AGI whereas the average person making 60K per year pays 22% on his AGI?

I'm not saying high income people or wealthy people don't pay a lot --- I'm just stating it's not fair in the long run.  Yes, I guess I support a flat tax on income if that's what it takes to have everyone pay something like 20% on their income.

I must admit that I'd like to know how much people like LeBron and Kevin Durant pay on their $40m salaries + endorsement income.

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"True tax rate" is a made up thing.   There's no such thing, because we don't tax wealth.   We tax income.  Wealth taxes are unworkable.  Several countries have tried them and abandoned them.  Wealth taxes are also unconstitutional.  

So, when you say, "the top 5 wealthiest Americans only paid ~ 3.4% income tax last year..." that is incorrect.  Absolutely false.  

Do you know that when it comes to income tax, the top 1% of all earners pay 40% of all US income tax?  That is a fact.  Do you also know that the bottom 50% of all earners pay 3% of all US income tax?  The top 1% pay more income tax than the bottom 90% pays.  

Ok, Jeff Bezos made $1.7m as CEO of Amazon?  Do you think it's fair that (using the average), he pretty much paid a 3.4% tax rate on his AGI whereas the average person making 60K per year pays 22% on his AGI?

I'm not saying high income people or wealthy people don't pay a lot --- I'm just stating it's not fair in the long run.  Yes, I guess I support a flat tax on income if that's what it takes to have everyone pay something like 20% on their income.

I must admit that I'd like to know how much people like LeBron and Kevin Durant pay on their $40m salaries + endorsement income.

Depends, what do Chinese tax brackets look like?

How much stuff did you buy off Amazon during the pandemic to fatten the pockets of the guy you have disdain for while sinking small businesses the party you support despises?

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"True tax rate" is a made up thing.   There's no such thing, because we don't tax wealth.   We tax income.  Wealth taxes are unworkable.  Several countries have tried them and abandoned them.  Wealth taxes are also unconstitutional.  

So, when you say, "the top 5 wealthiest Americans only paid ~ 3.4% income tax last year..." that is incorrect.  Absolutely false.  

Do you know that when it comes to income tax, the top 1% of all earners pay 40% of all US income tax?  That is a fact.  Do you also know that the bottom 50% of all earners pay 3% of all US income tax?  The top 1% pay more income tax than the bottom 90% pays.  

Ok, Jeff Bezos made $1.7m as CEO of Amazon?  Do you think it's fair that (using the average), he pretty much paid a 3.4% tax rate on his AGI whereas the average person making 60K per year pays 22% on his AGI?

I'm not saying high income people or wealthy people don't pay a lot --- I'm just stating it's not fair in the long run.  Yes, I guess I support a flat tax on income if that's what it takes to have everyone pay something like 20% on their income.

I must admit that I'd like to know how much people like LeBron and Kevin Durant pay on their $40m salaries + endorsement income.

The highlighted part is not true.   I think you're again conflating wealth with income.  Those are not the same thing.  

In addition to that, it is not true that a person making $60,000 pays 22% in federal income tax.  In this case, you are taking the marginal tax rate and confusing that with the average tax rate.   A person making $60,000 pays 22% only on amounts over $40,526.  

Jeff Bezos paid $973,000,000 in taxes last year, on $4.22 billion in income.  That makes his average tax rate 23%, but his marginal tax rate was 37%, which is the top bracket.  

If you support a 20% flat tax, you will pay more tax and Jeff Bezos will pay less.

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