I liked my investment a lot when I bought, and it’s still pretty great, but Reddit has me shivering with its posts about the impending crash.
I just bought this for gaming and got super lucky
I could sell but then I owe tens of thousands in taxes
https://www.reddit.com/gallery/1tcgzz3
Posted by ZaraBloom418
31 Comments
There’s a super easy solution here friend.
Well done. Now put some of that in something else. Is t the wsb way, but u need some diversification
Trim and chill
Paying the taxes is better than losing your ass.
Pull it out and put it all into NOK lol
Man investing really is this simple huh
Balls of steel you deserve it
If you play your cards right you could bank a nice loss carryover
Trim your position my brother and don’t regret a second of it.
3200% and I am super chill holding!
Next time trade in your Roth IRA and never pay taxes again.
Similar story here but RKLB. I sold 1400 shares and took profits. I couldn’t stomach it anymore being 70% of my account and reduced the position to 5%. Why would taxes be a problem? In a taxable account you’ll have to pay them at some point. On 170k your taxes are 25.5k and you still take home 144.5k assuming long term position. I’m going to move into VOO and chill and sometimes I be looking at houses on Zillow, it ain’t a bad life but you have to do what’s right for you at the end of the day.
No crying in the casino sir
You just bragging rich boi
Trailing stop loss percentage and chill.
Just remember this, my man:
If you sell (and you should given your apparent risk aversion) PLEASE OH MY GOD PLEASE put 35% of the GAINS in an account called taxes and don’t touch it.
Keep it low risk and liquid and use it to pay taxes next year.
Don’t fuck it up
Do not sell! It would be like selling apple in 2009! I have an almost identical amount of shares and similar cost basis to you and I plan on holding for 10-20 years. Consider yourself lucky!
So many fake accounts, WSB died years ago
Let it rideeee
We ain’t stopping yet
https://preview.redd.it/hm2zv698vz0h1.png?width=1079&format=png&auto=webp&s=498c77e26b4c9682a9a5f5e47faf57452a7f0617
Taxes aren’t even that bad. it’s long term capital gains. 15% federal + your state rate
Don’t listen to anything anyone here says.
What are you scared of?
you’re holding shares, fuck you scared about what the fuck?
You know there are middle ground things you could do in between keeping it all in and seeking it all. Personally, I’d sell off approximately $100K. At that point you still have like 700 shares. If this thing goes up more, you still have plenty of skin in the game. If NVDA drops 50%, you still 9x’d your initial investment.
Ride it
If you took screenshots, you know what to do
Owe taxes and keep gains or crash and lose everything
Be a real degen! Sell, set taxes aside, gamble 370 strike 400 days out leap options but only $15,000. It should get you 10 contracts which is like holding 1,000 shares. 🤷♂️
Listen. 1200% gain is amazing and you have literally beat every single portfolio advisor you will ever be able to hire.
There will be other plays, other themes, other things. If you don’t need the capital, just continue to hold .. but remember… it’s only PAPER GAINS right now. You have not returned shit until you hit that sell button.
Personally, I would sell. At least a majority of it, and be okay. Yea, you might miss out on another 40-50k in the near term. But you would be realizing your hard work at this point.
Will it go to $1,000? $20,000? Who knows, who cares. What matters is you have your money now. Realize that shit and wait for something else you have really strong conviction on. China could poison Jensen’s drink tomorrow and the stock woudl sink 90% in a flash crash.. you don’t know the future.. I’m not saying worry.. but realize you made a really awesome trade. Time to reap some of the reward here man.
According to Reddit there’s an impending crash incoming every single month every single year. You can only really name and shame these dumb bears when the have names like Michael Burry though.