As a person who hates doing finances, I couldn't agree more

As a person who hates doing finances, I couldn't agree more
by ravenium (2024-04-17 16:22:20)

In reply to: It lasts until the doesn't. posted by EricCartman

I think where I get a sour taste in my mouth is where people single track stocks and brag about individual sales. Those people, IMO, are either lucky, fortunate, or benefit from insider trading. It's what I think of when I think of "pfft, stocks are legalized gambling!"

You can probably predict some of that, I'll bet - for example, I'd bet you $5 my former company's stock will go down 10-20 pts the day after an ESPP buy, and shoot up after quarterly results.

I just feed my investment guy according to an appropriate risk plan and smile/nod that it seems reasonable. Then I bitch to high heaven every March as he gives me a 1099-DIV that blows a hole in my tax return (how do people accommodate for these, btw? Just save up?)

Replies:

As to your tax question - Jojo98 2024-04-17 17:05:42
- Jojo, you know I love your posts - jt 2024-04-17 22:45:51
  - Well, you could say - Jojo98 2024-04-18 09:42:28
    - Truthfully you went easy on him - jt 2024-04-18 10:59:54
    - you bastard - ravenium 2024-04-18 10:24:15
- If you aren't required to pay quarterly - ndtnguy 2024-04-17 17:12:50
  - Yup. In a world full of yield, never pay early. * - EricCartman 2024-04-17 17:16:55
    - I was right not to apply my refund, right? - ndtnguy 2024-04-17 20:46:51
      - If the IRS is paying 7%, then sure. - EricCartman 2024-04-18 09:11:17
    - Thankfully outside of selling off RSUs, never had to - ravenium 2024-04-17 17:31:31
      - you can get into some tax loss harvesting - jt 2024-04-17 22:47:21