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HUGE sell off today!

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  • Lordosis
    replied
    The best possible scenario for me is for the market to take a huge dump and gave a very prolonged recovery over the next few decades.
    However if the market turns it around and keeps cranking higher for a few more years I would be happy as well.

    EntrepreneurMD you keep making the prediction that the market is going to crash between tomorrow and 2021. How is that useful? If it is tomorrow you guessed right. If it is not anytime soon your prediction will be long forgotten and no one would care. Soon and gloom gets attention. Just like in the media.

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  • EntrepreneurMD
    replied




    In before EnterpriseMD comes in to tell us all how last night he predicted that today would happen.
    Click to expand...


    Now that's ridiculous.

    You specifically chose me (or my twin, Enterprise) because you know I predicted today ages ago, although yes I was screaming about this carnage yesterday in my posts.

    Thanks for the acknowledgement by you, and all that liked. You're all too kind.

    Leave a comment:


  • childay
    replied




    I clump my taxable investing quarterly.  Last time I put anything in was about 6 weeks ago.  That amounts to a couple hundred in losses right now.  Not really worth harvesting for.

    What is the minimum you would harvest?
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    Have queried on same in past.  Several other threads on topic as well IIRC.

    https://www.whitecoatinvestor.com/forums/topic/what-amount-is-worth-tax-loss-harvesting/

    Alas, have not been adding to taxable in recent weeks due to expected expenses

    Leave a comment:


  • Lithium
    replied
    One of the other reasons I tax loss harvest is I think it sometimes makes my asset location a little bit nicer. I sell off something in my taxable account and buy the replacement in my Roth IRA, and do the opposite with a different asset class, selling it in the Roth IRA and moving it to taxable. When the asset class moving to the taxable account is the more tax efficient of the two it seems like more of a win.

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  • Lithium
    replied
    I used to TLH a flat amount. Now I usually wait for lots to drop 5%. Definitely not an exact science.

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  • Brains428
    replied
    This is a nice juxtaposition to the necro-thread originally posted by @Zaphod and brought back up yesterday. The pseudo-meltdown here is much less entertaining than the facebook meltdown to ensue.

     

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  • HikingDO
    replied




    Oh now I get it. People try to mask their admiration with criticism, skepticism, you name it

    Now that admiration has upgraded me from Entrepreneur  to Enterprise level!!! Yeah!!

    Trying so hard to be wrong about the bull/bear market cycle, I’m failing at this miserably. What a failure I am.

    Thanks Hiking!
    Click to expand...


    Haha! Sorry I got your name wrong, not sure why I typed Enterprise, maybe I had Star Trek on my mind...

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  • EntrepreneurMD
    replied
    Oh now I get it. People try to mask their admiration with criticism, skepticism, you name it

    Now that admiration has upgraded me from Entrepreneur  to Enterprise level!!! Yeah!!

    Trying so hard to be wrong about the bull/bear market cycle, I'm failing at this miserably. What a failure I am.

    Thanks Hiking!

    Leave a comment:


  • Peds
    replied
    100

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  • gasdoc86
    replied
    I just opened a Roth IRA for the wife at Vanguard, and there is a hold on new accounts so I can't make any transactions for a week. Hoping it'll drop a little further before I execute her back door Roth for the year.

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  • Lordosis
    replied
    I clump my taxable investing quarterly.  Last time I put anything in was about 6 weeks ago.  That amounts to a couple hundred in losses right now.  Not really worth harvesting for.

    What is the minimum you would harvest?

    Leave a comment:


  • The White Coat Investor
    replied
    I







    It’s just because I bought $100K of stock yesterday. Never fails.
    Click to expand…


    please announce your future purchases from here on so I can time my TLH with your buying
    Click to expand...


    I actually put the order in the day before, but after 4 pm. I could have given you lots of notice. But buying when I have the money has served me well over the years, so I just keep doing it. While I would have been better off buying today than yesterday, I'm quite confident I'll be up from the purchase price when I spend the money in a few decades.

    Leave a comment:


  • HikingDO
    replied
    In before EnterpriseMD comes in to tell us all how last night he predicted that today would happen.

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  • Zzyzx
    replied




    It’s just because I bought $100K of stock yesterday. Never fails.
    Click to expand...


    please announce your future purchases from here on so I can time my TLH with your buying

    Leave a comment:


  • Hank
    replied




    It’s just because I bought $100K of stock yesterday. Never fails.
    Click to expand...


    Warn the rest of us before you buy! 

    Leave a comment:

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