Investing 102

[GregWeld]

Okay -- I changed my mind --- I SOLD IT ALL....

It's just not a stock I want to be in to. I picked up a 40% return on my purchase for one month. That's good enough. DONE.



12/27/2013 Sell Trade Details TWTR
TWITTER INC
1,700 $69.602 * $118,313.73
12/27/2013 Sell Trade Details TWTR
TWITTER INC
300 $69.591 * $20,875.60

Originally Posted by GregWeld

Tomorrow I'll sell half the Twitter (TWTR) I bought....


Remember the old adage -- pigs get fat - hogs get slaughtered? I'm a pig... the shares are up 50 Grand on my 100 Grand purchase -- I refuse to call it an "investment" as it wasn't and isn't.... it was pure gambling -- I've won pretty good so far - and I'm way way way ahead of where I thought it would be -- and I was only going to buy 1000 shares to begin with!

I hate short term gains -- as this will be taxed at 40%.... but like I always say --- they get their percentage -- I keep the rest. I'd far prefer to pay taxes than try to generate losses.... That's just a stupid suckers "big talk" strategy. Big talkers want you to think that they make so friggin' much money that "they have to make some losses so they can skin the guberment".... That is just pure BS. The goal should always be to make the most money possible.

We're not talking about end of the year tax strategy here -- that's a different strategy where you have huge gains - you feel you need or have taken some -- and now you have the possibility of REDUCING that gain by selling some losers that you were planning on selling anyway. If you sell the losers the same year as the big gainers -- then that's SMART -- rather than taking all the gains and then the following year selling the losers and getting nothing for your effort. Don't confuse the two - they're entirely different.