K0nKuzh0n's Account Talk

[ILoveTDs]

If you keep buying and selling your wash sale will continue to carry forward.

A simple example of your adjusted basis. Buy Stock for $25, sale stock for $24, buy stock for $20. When you sale the stock you profit or loss will be based on you having bought the stock at roughly $21 a share (25-4).

Or buy 10 shares @ $25 for $250, sale 10 shares @ $24 for $240, buy 12 shares @ $20 for $240 your basis in those 12 shares is $250 @ 20.83 per share (roughly $21 per share). You can keep buying and selling all year long, but until you sell for above $250 (a gain), or you stop buying back the stock your loss will not be reportable.

You shouldn’t have to track this though; your brokerage should track this and just provide you a summary of your gain or loss on the stock when it is in-fact reportable. The example above is just so you know what your broker is doing if you wanted to double check.

 

[Birchtree]

From my personal experience I try not to collect wash sales but when I do I usually just wash over them. The IRS is to busy chasing down Tea Party folks and can't bother with a few wash sales that don't mean much in terms of dollars owed. Besides most IRS people don't have that much investment experience - they're all in the G fund. So I usually just take the shot and don't pay attention to wash sales. Your experience may vary.

 

[WorkFE]

The IRS is to busy chasing down Tea Party folks and can't bother with a few wash sales that don't mean much in terms of dollars owed. Besides most IRS people don't have that much investment experience.

Except for the ones who have TSP TALK accounts and are at this very moment contacting their NSA buddies to find out who Birchtree is.

 

[k0nkuzh0n]

Has anyone heard of Robinhood, the zero-trade commission broker? I recently heard about them and 'got in line' to sign up to try it out. They are supported by Google Ventures
link: https://www.robinhood.io/?ref=tXZNdh (disclaimer: this is a 'referral link', basically if you get in line using this link, I move up in the line. Alternatively you can just go to robinhood.io)

Seems kinda cool, although for high balance accounts, trade commissions are probably pretty trivial.
Heres a link to their fees:
https://brokerage-static.s3.amazonaw...2020131210.pdf

"Financial Industry Regulatory Authority (FINRA) transaction fee (TAF)
This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum

charge of $5.95. This fee is rounded up to the nearest penny."

 

[MaStA]

Has anyone heard of Robinhood, the zero-trade commission broker? I recently heard about them and 'got in line' to sign up to try it out. They are supported by Google Ventures
link: https://www.robinhood.io/?ref=tXZNdh (disclaimer: this is a 'referral link', basically if you get in line using this link, I move up in the line. Alternatively you can just go to robinhood.io)

Seems kinda cool, although for high balance accounts, trade commissions are probably pretty trivial.
Heres a link to their fees:
https://brokerage-static.s3.amazonaw...2020131210.pdf

"Financial Industry Regulatory Authority (FINRA) transaction fee (TAF)
This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum

charge of $5.95. This fee is rounded up to the nearest penny."

I haven't heard of them, but I signed up!

 

[RealMoneyIssues]

I haven't heard of them, but I signed up!

Let us know how it goes, I am curious... thanks

 

[k0nkuzh0n]

I haven't heard of them, but I signed up!

It might take a while, the line doesn't seem to be moving very quickly lol. I've still got 2930 people ahead of me

 

[burrocrat]

It might take a while, the line doesn't seem to be moving very quickly lol. I've still got 2930 people ahead of me

have you tried taking off your top?

 

[k0nkuzh0n]

Ran some numbers and I'm not really buying the "as January goes, so does the rest of the year"

I ignored everything pre 1995 as the all time high before 1995 is lower than the low since 1995.

7 years with negative Januarys: 2010, 2009, 2008, 2005, 2003, 2002, 2000
Of those 7, 3 ended the year positive, 3 ended negative. 2005 was virtually flat (But positive)
Average of -1%, mainly because of 2008 crash.

Other tidbits: 5 of those 7 years also had a negative February, average of -2%, although 2009 was an outlier as it was 9% in jan and 11% in feb (-19% YTD). Every other year was single digits YTD

 

[k0nkuzh0n]

Possible turn date?

In a statement today in Washington, the Treasury said it will sell $30 billion in three-year notes on Feb. 11, $24 billion in 10-year notes on Feb. 12 and $16 billion in 30-year bonds on Feb. 13.

U.S. to Sell $70 Billion of Long-Term Securities Next Week (1) - Businessweek

 

[k0nkuzh0n]

I think we have a thread for this kinda stuff, but I couldn't find it.
NOTE: MAY NOT BE WORK APPROPRIATE

Titled: 29 Things That Will Make You Say “What The ACTUAL F**k?”
http://www.buzzfeed.com/daves4/what-in-the-actual-what?bffb

 

[k0nkuzh0n]

EFA (I Fund) closed afterhours (7pm) up almost 1% :blink:

 

[GUCHI]

I hope it plays out in our favor, the I fund and I need it

 

[nasa1974]

I'll take anything positive today. The "S" fund lost me almost 2% beween Friday and yesterday. Good luck everyone.

 

[k0nkuzh0n]

FYI, House passed a bill for funding for the government on Wednesday, and Senate approved it Thursday night. I believe it is funding through December 12th.

 

[k0nkuzh0n]

Anyone have relatively recent experience with leaving federal service? I'm curious as to how long it takes to get your leave paid out and whether or not to transfer funds out of TSP.

 

[Mcqlives]

Anyone have relatively recent experience with leaving federal service? I'm curious as to how long it takes to get your leave paid out and whether or not to transfer funds out of TSP.

A buddy of mine from DEA retired in August and got his leave paid out in October. But he just got his first retirement check early this month...he said he wasn't expecting it till January or February so it came as a nice surprise for him. I think his checks came through fast for some reason though.

 

[tsptalk]

Anyone have relatively recent experience with leaving federal service? I'm curious as to how long it takes to get your leave paid out and whether or not to transfer funds out of TSP.

Hi k0 -

Lots of good nuggets of info in the Retirement area. See the Retirement Story threads in particular...

Retirement and IRA Talk

 

[GUCHI]

It is really an individual thing with a lot of factors involved. Some of which you will see in the retirement section. Good to hear what other people did tho.

 

[k0nkuzh0n]

I liked this article:
[h=1]One Company’s New Minimum Wage: $70,000 a Year[/h]http://www.nytimes.com/2015/04/14/b...ing-a-new-minimum-wage-70000-a-year.html?_r=0

tid-bit of info I found interesting was:
"The happiness research behind Mr. Price’s announcement on Monday came from Angus Deaton and Daniel Kahneman, a Nobel Prize-winning psychologist. They found that what they called emotional well-being — defined as “the emotional quality of an individual’s everyday experience, the frequency and intensity of experiences of joy, stress, sadness, anger, and affection that make one’s life pleasant or unpleasant” — rises with income, but only to a point. And that point turns out to be about $75,000 a year."