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Joined: 01/05/2001
Posts: 24,755
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Hokie1992
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My dudes normally recommend not making financial moves to pay

for hookers and blow that involve the IRS. The money you save by claiming losses on your taxes pales in comparison to the growth you’ll get when the market recovers
Posted: 10/03/2022 at 02:33 PM ET
(In response to this post by Tafkam Hokie)

Thread Replies (30)

Full Thread →
Q for investor types. What to liquidate for cash?
Tafkam Hokie • 10/03/22 01:48 PM ET
Gotta factor in tax consequences in this discussion. **
Hokebury • 10/04/22 12:28 PM ET
Can't really answer your question, but WRT to cash in savings...
MP4VT2004 • 10/03/22 07:55 PM ET
My non-retirement money is in
Tafkam Hokie • 10/04/22 10:52 AM ET
Why not open an Ally savings account? Currently paying 2.10% interest..
MP4VT2004 • 10/04/22 11:39 AM ET
Two reasons
Tafkam Hokie • 10/04/22 12:44 PM ET
I can certainly understand that.**
MP4VT2004 • 10/04/22 01:08 PM ET
I've got some I-bonds earning 9-10% right now. Of course, that rate gets
WVHokie84 • 10/03/22 10:52 PM ET
I bonds adjust their rate every 6 months, not every month. And yes, I got
Tafkam Hokie • 10/04/22 09:15 AM ET
Yeah, I've been meaning to sink some cash into an I-bond.
MP4VT2004 • 10/04/22 07:59 AM ET
Yep..$10k/year...**
WVHokie84 • 10/05/22 12:42 AM ET
Generally, yes. Although you can exceed that limit if you use a federal
Tafkam Hokie • 10/04/22 09:16 AM ET
Sell blood, sperm or a kidney? **
FfxStationHokie • 10/03/22 03:16 PM ET
I'm saving aluminum cans myself. Might have enough for a McD's value meal.**
WVHokie84 • 10/03/22 10:58 PM ET
An arm and a leg? **
HokieGator • 10/03/22 07:19 PM ET
Do you really think anyone who spends much time in the Lounge
Tafkam Hokie • 10/03/22 03:40 PM ET
Truth!**
FfxStationHokie • 10/03/22 03:44 PM ET
Selling low is not a good strategy...unless the floor is still a long way
Hokiehouse7 • 10/03/22 02:56 PM ET
I agree. And I'm not touching my 401k investments.
Tafkam Hokie • 10/03/22 03:09 PM ET
My dudes normally recommend not making financial moves to pay ◄
Hokie1992 • 10/03/22 02:33 PM ET
Aim for net of zero long term capital gains by selling gainers and losers
GOHOKEE • 10/03/22 02:17 PM ET
Don't think I've got enough gains to offset losses
Tafkam Hokie • 10/03/22 02:22 PM ET
You can claim 3K in losses if married. If losses exceed 3K on your sale,
GOHOKEE • 10/03/22 02:49 PM ET
is the blow laced with Fentanyl? if so sell at a lose. **
VT Pez4Life • 10/03/22 02:10 PM ET
Invest in french benefits**
Happy Dog • 10/03/22 02:08 PM ET
If you have gains you can offset then maybe you sell some losers for the
vt90 • 10/03/22 01:54 PM ET
I'm honestly not sure I ever recall selling at a loss before...are losses
Tafkam Hokie • 10/03/22 01:57 PM ET
I am no CPA but you can only deduct losses to offset capital gains BUT ...
vt90 • 10/03/22 01:59 PM ET
3,000 per year loss and carryforward indefinitely.**
Hokiehouse7 • 10/03/22 02:57 PM ET
This, that is, you need to match up captial gains to losses
`lag • 10/03/22 06:05 PM ET
If you have to sell, take the tax loss harvesting **
MAGRIFF1 • 10/03/22 01:53 PM ET