 Any advice/tips for a first time buyer in the stock market? |
Which type of stockbroker to use and when is best time to invest with todays financial climate
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I was thinking of investing in A... |
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 Is a 50% stock yield good? |
I'm new to investing and just opened a scottrade account.
There is a stock that I'm looking at that has a 50.81% yield.
Is this good and what exactly does it mean?
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 Apparantly I have won the Nigerian lottery, $16m ... I need $37'000 more to pay admin fees to release it? |
| I got an email from a very kind, and in my opinion entirely trustworthy Nigerian individual saying I won the Nigerian Lottery. I admit, I didn't buy a ticket, but I guess their lottery system is ... |
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 With only $500 in hand, what Mutual Fund would u suggest? |
| With $500 availible and I am aiming at least 15% return within six months. What mutual fund would u suggest?... |
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 What should a young investor do? |
| I have been researching what type of investment is right for me for quite some time! its actually getting quite exausting because everytime i think i got it, somebody else tells me something on the ... |
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 If i received money in the amount of $1500.00? |
| what practical suggestions does anyone have as to how i should spend this money?... |
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 Is it safe for a person with a small sum in his bank account to buy stocks? |
| i have in my bank account about 780 $ and i am thinking that investing through buying shares in stock might help me in having enough money to complete my high ... |
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 Are we investors suckers for the mantra "long term investing"? |
| when every hedge fund and politician out there is causing these huge swings and ruining the markets? I have been in the markets for about 11 years and have barely made a dime by LONG TERM INVESTING. E... |
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 Since we are in a recession, is this a good idea ? |
We have a $9 trillion deficit should we all just sign the rebate check and address it to the IRS because we are going to repay that $300 with higher interest anyway?
Just remember nothing is ... |
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 Is this a lot of money? |
i heard my parents talking and they said that they are worth 7 million dollars is that a lot??
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and they are always talking about money and how careful we have to be ... |
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 Any evidence to shorting airline stock on 9/11? |
| I've heard this theory multiple times: that prior to 9/11 there was a lot of "shorting" of airline stock. In case you don't know, "shorting" means you borrow the stock ... |
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 New to Stock Market. How to choose the right stock? |
| I am New to the Stock Market. I would like to know How to go about it. Ant tips for newbees ?... |
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 Stock trading? |
| If a person buys a certain stock at a high rate and it goes down, therefore losing money. What will happen in the middle of it going down they buy more of that stock, this time at a lot cheaper price ... |
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 What are some investment opportunities for people with low income? |
| Basically I am in my 20s and I have gotten interested in investing some of my money now in hopes maybe I can start saving something for my future. I have looked into stocks I purchased some through ... |
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 Should I buy this stock that cost 27 cents a share? |
| I am thinking about buying 1000 shares of (CELI)... |
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todd p | I have lost 90% of my investment in a certain stock, can I sell the rest and write if off? |
I bought some stocks in 2005. If I sell them today, I will have lost 90% of my investment. I need a tax write off and was wondering if this is a good idea? If you want to know if the stock is going to rebound the answer is no. It will probably lose all of its value in the next couple months. Thanks for the help. |
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jseah114
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If you sell it now, the loss is a capital loss and would be deductible to a limit of $3,000 per year ($3,000 in excess of any other capital gains you may have). If you hold onto it and it becomes worthless (i.e. the stock is delisted and you will have no way to recoup any of your investment in it), it will still be treated as a capital loss, still subject to the limitations above.
So really the question is if you want to get out now and get at least 10% of your investment back, or wait and lose the remaining 10%. |
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udayashanker k
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PLEASE DONATE THE REST 10% TO CHARITY |
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Robert
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yes you can write it off however only 3000.00 per year.Max allowable in losses on schedule D line 13 1040
just need dates purchased if various put various
price paid and dates sold and price of proceeds
Sell before last business day in 06 or you wont get it until next year. |
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jerrold
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I'm not sure what you mean by "write it off." You can sell it at a loss, with the tax loss the difference between what you paid for it and what you sold it for. This will be a short-term or long-term capital loss deoending on how long you held the shares. The loss can be applied against your income from other sources up to a point, or against capital gains income up to a point. You cannot write off the entire investment as long as there is a buyer for your shares. |
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lithium630
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I think you can write off up to $3000, check with an accountant. You should have sold the stock the minute you realized it was not a good investment. Praying and hoping for a rebound of a bad stock rarely works and usually costs you a lot more money. |
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MuddvilleNine
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Living example why you need to do your homework and follow your investments. Also shows that if you aren't willing to do those simple things you need to at least use a stop loss. |
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Rabbit
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And you've still got some? Where have you been? Botswanna?
If its not going to rebound, then sell it. Better something than nothing. I've got two stocks still on my books right now because there was so little news on them that I didn't realize what was wrong--the public hype said things were great, but the public hype was wrong. So it will cost me more to sell them, if there is a buyer anywhere. If you already know their fate, kill them as you should have long, long ago. |
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rainfingers
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Yes, if you sell the stock you can take a capital loss deduction on your taxes.
If you think the stock will lose the rest of its value, you should sell regardless of the tax benefits! |
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Box815
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You've already lost 90% of your investment. |
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t_roe
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The maximum write-off per tax year is $3000, but you can carry over that loss for as long as it takes to eat up $3000 in losses per year. If you lose $21000 on selling this stock, you can carry $3000 of losses as a write off per year for the next 7 years to help offset any gains when selling stock winners (assuming you've sold any winning stocks). |
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