| Author |
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dfetrow410@hotmail.com
Guest
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 Posted:
Thu Nov 10, 2005 1:01 am Post subject:
sell stock and put in mutual fund |
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I guess there is no way to sell my stock and role it into a mutual
fund. I am guessing I ill take a hit on the gain?
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PeterL
Guest
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| Posted:
Thu Nov 10, 2005 7:28 am Post subject:
Re: sell stock and put in mutual fund |
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dfetrow410@hotmail.com wrote:
| Quote: | I guess there is no way to sell my stock and role it into a mutual
fund. I am guessing I ill take a hit on the gain?
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In a non tax advantaged account, yes.
Why would you want to do that? |
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Flasherly
Guest
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| Posted:
Thu Nov 10, 2005 7:35 am Post subject:
Re: sell stock and put in mutual fund |
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Outright shares not first bought into a some sort of special provision
to run that type of conversion (if such exists) - I will guess, no.
You're selling stocks and not a house. But, I don't think like that.
When I don't know what I'm doing to have arrived in such a place - I
sell, regardless, out of a lost proposition, and chalk it up to another
damn learning consequence. But, when I do know - I simply win by
moving laterally, upwardly. There's no loss to me, whatsoever, when I
significantly* gain something over what is, if not less than, then
effectively nonexistant.
*Significance, def > market; what one lacks to simply churn.
dfetrow410@hotmail.com wrote:
| Quote: | I guess there is no way to sell my stock and role it into a mutual
fund. I am guessing I ill take a hit on the gain? |
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dfetrow410@hotmail.com
Guest
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| Posted:
Thu Nov 10, 2005 5:00 pm Post subject:
Re: sell stock and put in mutual fund |
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Well. This is just a stock I have had for a long time. It is not making
or loosing me anything. I want to put it in one of my mutual funds. If
I sell it today, it would be at a profit. My question is.. Do I have to
pay a penelty( take a gain) on that profit if I sell the stock and put
all the money into my mutual fund? |
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Ed
Guest
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| Posted:
Thu Nov 10, 2005 5:00 pm Post subject:
Re: sell stock and put in mutual fund |
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<dfetrow410@hotmail.com> wrote
| Quote: | Well. This is just a stock I have had for a long time. It is not making
or loosing me anything. I want to put it in one of my mutual funds. If
I sell it today, it would be at a profit. My question is.. Do I have to
pay a penelty( take a gain) on that profit if I sell the stock and put
all the money into my mutual fund?
|
Yes.
Sell price - price paid = taxable gain.
If what you say above is true, "It is not making or loosing me anything"
then it shouldn't be much of a problem. |
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Flasherly
Guest
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| Posted:
Thu Nov 10, 2005 5:00 pm Post subject:
Re: sell stock and put in mutual fund |
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You don't take the real penalty until you're selling short term on
capital gains - 35%ST/18%LT. No problem there, either - money's money
in my book, so long as it accumulates in relatively large amounts.
Matter of methodology, more or less, though I've also one of those.
Yesteryear's darling, largely sold off, with only touch of faded
perfume lingering to remind me when I sniff and nudge it. I should
know better - to be mindful with them - it doesn't pay to be too
sentimental.
dfetrow410@hotmail.com wrote:
| Quote: | Well. This is just a stock I have had for a long time. It is not making
or loosing me anything. I want to put it in one of my mutual funds. If
I sell it today, it would be at a profit. My question is.. Do I have to
pay a penelty( take a gain) on that profit if I sell the stock and put
all the money into my mutual fund? |
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PeterL
Guest
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| Posted:
Thu Nov 10, 2005 11:19 pm Post subject:
Re: sell stock and put in mutual fund |
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dfetrow410@hotmail.com wrote:
| Quote: | Well. This is just a stock I have had for a long time. It is not making
or loosing me anything. I want to put it in one of my mutual funds.
|
You can't put a stock into a mutual fund. You mean sell the stock and
put the proceeds into a mutual fund.
| Quote: | If
I sell it today, it would be at a profit. My question is.. Do I have to
pay a penelty( take a gain) on that profit if I sell the stock and put
all the money into my mutual fund?
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You'll have to pay tax on the gain (it's not called a penalty). |
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PeterL
Guest
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| Posted:
Fri Nov 11, 2005 12:13 am Post subject:
Re: sell stock and put in mutual fund |
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Flasherly wrote:
| Quote: | Outright shares not first bought into a some sort of special provision
to run that type of conversion (if such exists) - I will guess, no.
You're selling stocks and not a house. But, I don't think like that.
When I don't know what I'm doing to have arrived in such a place - I
sell, regardless, out of a lost proposition, and chalk it up to another
damn learning consequence. But, when I do know - I simply win by
moving laterally, upwardly. There's no loss to me, whatsoever, when I
significantly* gain something over what is, if not less than, then
effectively nonexistant.
*Significance, def > market; what one lacks to simply churn.
|
Can you translate the above paragraph into English please.
| Quote: |
dfetrow410@hotmail.com wrote:
I guess there is no way to sell my stock and role it into a mutual
fund. I am guessing I ill take a hit on the gain? |
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Flasherly
Guest
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| Posted:
Fri Nov 11, 2005 1:01 am Post subject:
Re: sell stock and put in mutual fund |
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Could stem from your initial response where you've misread him in the
first place, like I almost did - he's not proposing to roll the stocks
directly into a fund - he wants to roll the proceeds [hint: hit
logically consequences turnover]. Hope that helps, Pete, my man.
{than, then}
PeterL wrote:
| Quote: | Flasherly wrote:
Outright shares not first bought into a some sort of special provision
to run that type of conversion (if such exists) - I will guess, no.
You're selling stocks and not a house. But, I don't think like that.
When I don't know what I'm doing to have arrived in such a place - I
sell, regardless, out of a lost proposition, and chalk it up to another
damn learning consequence. But, when I do know - I simply win by
moving laterally, upwardly. There's no loss to me, whatsoever, when I
significantly* gain something over what is, if not less than, then
effectively nonexistant.
*Significance, def > market; what one lacks to simply churn.
Can you translate the above paragraph into English please.
dfetrow410@hotmail.com wrote:
I guess there is no way to sell my stock and role it into a mutual
fund. I am guessing I ill take a hit on the gain? |
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Flasherly
Guest
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| Posted:
Fri Nov 11, 2005 9:01 am Post subject:
Re: sell stock and put in mutual fund |
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No need to think about - that's exactly the point and the first thing
that impressed me, before I took my first step towards investing, after
reading a general book on investment. Same thing in that book as your
dad said, basically - Don't sweat taxes when you're playing the calls
right and have something to show for it.
Gary C wrote:
| Quote: | Flash my old man used to say:
"The day I owe $1,000,000 in taxes, I'll be a happy man"
Think about it. |
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Gary C
Guest
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| Posted:
Fri Nov 11, 2005 9:01 am Post subject:
Re: sell stock and put in mutual fund |
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"Flasherly" <gjerrell@ij.net> wrote in message
news:1131638913.712007.46700@o13g2000cwo.googlegroups.com...
| Quote: | You don't take the real penalty until you're selling short term on
capital gains - 35%ST/18%LT. No problem there, either - money's money
in my book, so long as it accumulates in relatively large amounts.
|
Flash my old man used to say:
"The day I owe $1,000,000 in taxes, I'll be a happy man"
Think about it. |
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Ed
Guest
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| Posted:
Fri Nov 11, 2005 5:01 pm Post subject:
Re: sell stock and put in mutual fund |
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<dfetrow410@hotmail.com> wrote
| Quote: | Sorry ED!!!! Everyone can't be as smart as you!!
|
That is so true.
Why can't you manage to absorb the simple concept of capital gains taxes
after being told by a number of people that you can't get out of it.
Maybe you don't believe us, if so, call an accountant and ask him. For free
you can go to the IRS website and research your question. |
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dfetrow410@hotmail.com
Guest
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| Posted:
Fri Nov 11, 2005 5:01 pm Post subject:
Re: sell stock and put in mutual fund |
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| Sorry ED!!!! Everyone can't be as smart as you!! |
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Ed
Guest
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| Posted:
Fri Nov 11, 2005 5:01 pm Post subject:
Re: sell stock and put in mutual fund |
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<dfetrow410@hotmail.com> wrote
| Quote: | I want to put it all in a mutual fund. So I am guessing there is no
such thing as a roleover. I am going to take a hit on the gains when I
sell it???
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YES!!!!!!
| Quote: | Bought stock at 2000. Now worth 3000. I want to put the 3000 in a
mutual fund. I will take a hit on the 1000 when I sell the stock.
Right???
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YES!!!!
Is there anyway to get around that gain if I put it all in a
NO!!!!
HOW MANY F'N TIMES DO YOU NEED TO BE TOLD. PAY YOUR F'N TAXES!!!!! |
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Flasherly
Guest
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| Posted:
Fri Nov 11, 2005 5:01 pm Post subject:
Re: sell stock and put in mutual fund |
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You'll pay standard 18% long-term IRS rates, all things else being
equal, for $180 on $820 proceeds. Yes - there may be a way to avoid
the capital gain taxes - but it's going to be *next* time around. Now
you pay. Next time, you'll need an account (401K/IRA?) with provisions
for what you're generally proposing. And someone with more knowledge
than I have about investment tax shelters. Maybe Pete, my man, can
help.
dfetrow410@hotmail.com wrote:
| Quote: | I want to put it all in a mutual fund. So I am guessing there is no
such thing as a roleover. I am going to take a hit on the gains when I
sell it???
Bought stock at 2000. Now worth 3000. I want to put the 3000 in a
mutual fund. I will take a hit on the 1000 when I sell the stock.
Right??? Is there anyway to get around that gain if I put it all in a
mutual fund? |
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