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RIP Gains

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  • greenblood
    greenblood Member Posts: 14,566
    edited April 2021
    FireCohen said:

    ntxduck said:

    ntxduck said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
    Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.
    Lol. You have no grasp of algorithmic trading and how it works.

    Was a cool board. Too bad poors had to come shit all over the place with their cult nonsense
    Algorithmic trading is a fancy phrase for saying "Buy the dip, dumbass"
    Hey now, this is the gentle board. We don’t call each other names. That’s for the TUG
    I wasn’t calling him a dumbass. I was saying, when you reference algorithmic trading, you are saying “buy the dip dumbass”. It’s not referencing him, but just the general term.
  • Sources
    Sources Member, Swaye's Wigwam Posts: 4,382 Founders Club

    FireCohen said:

    ntxduck said:

    ntxduck said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
    Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.
    Lol. You have no grasp of algorithmic trading and how it works.

    Was a cool board. Too bad poors had to come shit all over the place with their cult nonsense
    Algorithmic trading is a fancy phrase for saying "Buy the dip, dumbass"
    Hey now, this is the gentle board. We don’t call each other names. That’s for the TUG
    I wasn’t calling him a dumbass. I was saying, when you reference algorithmic trading, you are saying “buy the dip dumbass”. It’s not referencing him, but just the general term.
    Imagine thinking it's this simple
  • BuffBuffPass
    BuffBuffPass Member Posts: 326
    Blu82 said:

    Blu82 said:

    As a response to proposed tax law changes and a bunch of other nonsense going on in this country I came to a point where I felt compelled to examine some potential changes.
    Last week I retained a professional to explore a change of domicile.
    Turns out I have a lot of company.

    Where would you go that is low tax and also reasonably safe?
    That's why I hired a pro.
    I spend a fair amount of time in Panama. I never explored long-term residency there but I really like it.
    The answer may be to live in another state.
    What my 20 year old kid does is a big factor.
    I don't feel that I know all the questions to ask at this point.
    The internet and easy air travel have changed this proposition a great deal.
    Panama is interesting. A lot of wealth there. I've liked Panama City when I stopped there a couple times on the way to and from the Caribbean. Still, it's Central America and would give me pause about a long term move.

    Also, if tax related, are you planning on giving up US citizenship or just structuring things in a way that reduces taxes?
  • creepycoug
    creepycoug Member Posts: 24,285

    Blu82 said:

    Blu82 said:

    As a response to proposed tax law changes and a bunch of other nonsense going on in this country I came to a point where I felt compelled to examine some potential changes.
    Last week I retained a professional to explore a change of domicile.
    Turns out I have a lot of company.

    Where would you go that is low tax and also reasonably safe?
    That's why I hired a pro.
    I spend a fair amount of time in Panama. I never explored long-term residency there but I really like it.
    The answer may be to live in another state.
    What my 20 year old kid does is a big factor.
    I don't feel that I know all the questions to ask at this point.
    The internet and easy air travel have changed this proposition a great deal.
    Panama is interesting. A lot of wealth there. I've liked Panama City when I stopped there a couple times on the way to and from the Caribbean. Still, it's Central America and would give me pause about a long term move.

    Also, if tax related, are you planning on giving up US citizenship or just structuring things in a way that reduces taxes?
    Never been but always wanted to. Agreed re Central America.

    What about Ole' Mejico???
  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,740 Standard Supporter
    I would live in Israel before anywhere south of the US border, if that says anything about my perception of being an American in a foreign land.
  • creepycoug
    creepycoug Member Posts: 24,285

    I would live in Israel before anywhere south of the US border, if that says anything about my perception of being an American in a foreign land.

    Europe or the Caribbean for me. And yes, I realize Europe wouldn't help the tax or crazy government situation. But in terms of where else I'd go, it's basically those two.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,556 Founders Club
    I'd like my own island in the Mediterranean off of Greece

    Greece is a dumpster fire but still
  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    Swaye said:

    Hey listen up. There is no tax rate in my sock drawer. VICTORY!

    How many strap ons in your sock drawer?
  • USMChawk
    USMChawk Member Posts: 1,800
    Swaye said:

    Hey listen up. There is no tax rate in my sock drawer. VICTORY!

    Can’t you just move back to the rez and avoid taxes? Sort of an honest question.