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bran987
- Thread starter Lestat
- Start date
I've got all my eggs in one basket bro, because of what you said before, Employee Stock Purchas plans and stock options, I've got a LOT tied up in QCOM man.bran987 said:
I don't want to sell off any because I'll take a huge tax hit.
We were flying high over $50 a share not too long ago.
I can't even log into etrade now without fucking crying
hamstershaver
New member
thats a lot of karmas
bran987
New member
check with your CPA, but you SHOULD be able to sell some of your shares without taking a tax hit. Here's how:Lestat said:I've got all my eggs in one basket bro, because of what you said before, Employee Stock Purchas plans and stock options, I've got a LOT tied up in QCOM man.
I don't want to sell off any because I'll take a huge tax hit.
We were flying high over $50 a share not too long ago.
I can't even log into etrade now without fucking crying
When you sell, you have to specify WHICH shares you are selling. If you sell 1,000 shares it doesn't have to be the first 1,000 shares you bought. I assume you buy shares every quarter. If you specify that you are selling the shares you bought say... over the past few quarters when the price was relatively high, then you shouldn't have a lot of capital gains tax on those shares (and maybe none at all if you are currently down on those purchases).
It's not cheating either, eventually you'll pay tax on those shares that you bought years ago at a lower price, just not today, you're deferring the tax on those earlier purchases. That way, you can sell some of it off and diversify without having to take a tax hit. I'd look into it, just in case.
Either way, the point is THAT SUCKS. But the NASDAQ took a huge dump in that time, so maybe things will stabilize soon.
gotmilk
New member
My mom had 22 years of Kmart stock options. She was the NorthEast Loss Prevention Manager. All her eggs were turned into runny eggs.
Keep rolling your options but pay attention to the change in chips that are needed for the new satellite spectrum services.
Tax hits are no big deal when the alternative is watching your pile flush down the toilet
Keep rolling your options but pay attention to the change in chips that are needed for the new satellite spectrum services.
Tax hits are no big deal when the alternative is watching your pile flush down the toilet
Lestat said:
Ahh, okay. I doubt my broly is throwing down the cash for a 20-floor, suite-only place like that, lol, but I'll ask. I was wondering that last night, but never got around to asking.
Do you really get free drinks there? He was saying (he goes there every year) that as long as you're sittin' at a machine or whatever -- gambling or whatever you do there -- they ask you what you want, and just bring it out to ya. Must be a down south thang or sumpthin'.
bran987
New member
lol, it's not a "scheme" but yeah, that sucks about the car and it's not good to sell right after a big correction. A 29 P/E is still a rich valuation for a company as mature as Qualcomm, but it's not like you work for some company that doesn't even have a positive cash flow and are risking the stock going to zero or something. you'll be OK. just hold off on the car for nowLestat said:
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