BMHC ==> The Auggie Doggie Winner!

[stocks54]

I kind of agree with Mr. Market – in short run BMHC and other companies are going to come up with great numbers. May be in year’s time we may see the slow down.

[lemonjello]

Looks like TOL is sitting on support and stopped going down and BMHC has already bounced off support and has started moving up a bit. That's interesting to me since the charts looked like it could have been a total blood letting carnage earlier. Wasn't so bad. <walking it off>

good luck.

[sisterwin2]

ready to share quick information??

I know this is not a teaching forum and so I figure I would try to start another thread.
I have a question. When buy/selling so often, how do you keep up with the taxes to be paid.. or better yet, is there a site that I may learn on my own? I have been long term (buy, never sell) and going to change my tactics. I have an account with ameritrade. Most of my $$ is in Ge and I can invest the quarterly divinds to get started. Any help in understanding would be greatly appreciated. I did jump in on CIB by selling Dis after long time hold and no increase.

Ty,
Dena

[diogenes]

I know this is not a teaching forum and so I figure I would try to start another thread.
I have a question. When buy/selling so often, how do you keep up with the taxes to be paid.. or better yet, is there a site that I may learn on my own? I have been long term (buy, never sell) and going to change my tactics. I have an account with ameritrade. Most of my $$ is in Ge and I can invest the quarterly divinds to get started. Any help in understanding would be greatly appreciated. I did jump in on CIB by selling Dis after long time hold and no increase.

Ty,
Dena

Do you have a program like MS Money?
If so, then I think it can compute what you want.
Also, a search on google for "stock tax calculator" returned a lot of web-pages.

[skiracer]

If you're not making any money then you won't have to pay any taxes. I wouldn't worry about paying taxes until you're making money.
I really think the best advice is to learn to trade to make money and worry about the taxes after the fact. Any decent accountant will be able to take your receipts and file them for you. But the most significant factor in all of this is to develope a discipline an a plan or strategy and as you broaden your knowledge base adjust that discipline to what suits your style best.
Spend your time learning how to interpret charts, delve into understanding fundamentals, watch what makes a stock move and when to catch that movement for your benefit. After you can truly say that you have an understanding of how you want to trade and what you're doing then might be the time to worry about paying taxes. Again if there are no gains then there is no need to worry about paying taxes on something that isn't there. You might be placing the cart in front of the horse in this case. First you have to make some money.

[thebign1]

If you're not making any money then you won't have to pay any taxes. I wouldn't worry about paying taxes until you're making money.
I really think the best advice is to learn to trade to make money and worry about the taxes after the fact. Any decent accountant will be able to take your receipts and file them for you. But the most significant factor in all of this is to develope a discipline an a plan or strategy and as you broaden your knowledge base adjust that discipline to what suits your style best.
Spend your time learning how to interpret charts, delve into understanding fundamentals, watch what makes a stock move and when to catch that movement for your benefit. After you can truly say that you have an understanding of how you want to trade and what you're doing then might be the time to worry about paying taxes. Again if there are no gains then there is no need to worry about paying taxes on something that isn't there. You might be placing the cart in front of the horse in this case. First you have to make some money.

I agree with Skiracer.....but you might want to consider a Roth IRA.
You won't pay taxes on gains & you can't write off your losers either.

regards, Norm

[IIC]

If you make money...you can pay someone to do your taxes. I made over 500 trades last year...will make more this year...at least once a week I enter them in an .xls spreadsheet...not very hard.

Filed my taxes last Sunday...Sure, I paid a penalty...but the theory is that by extending it by 4 months you can make more with that than the penalty...That's the theory anyway...Doug(IIC)

PS...The IRA stuff is great...but you can't day trade much in them no matter the amount you have.

[IIC]

I know this is not a teaching forum and so I figure I would try to start another thread.
I have a question. When buy/selling so often, how do you keep up with the taxes to be paid.. or better yet, is there a site that I may learn on my own? I have been long term (buy, never sell) and going to change my tactics. I have an account with ameritrade. Most of my $$ is in Ge and I can invest the quarterly divinds to get started. Any help in understanding would be greatly appreciated. I did jump in on CIB by selling Dis after long time hold and no increase.

Ty,
Dena

Dena...First of all...Welcome...Second of all...This is a teaching forum IMO..."The smartest people ask the most questions"...That's one of my 3,156 "Sayings To Live By"

Stick around...and eventually you will hear the other 3,155......Doug(IIC)

[jiesen]

Dena...First of all...Welcome...Second of all...This is a teaching forum IMO..."The smartest people ask the most questions"...That's one of my 3,156 "Sayings To Live By"

Stick around...and eventually you will hear the other 3,155......Doug(IIC)

I agree with Doug, this is a teaching forum, and everyone here has something to offer- so don't hesitate to speak up and ask questions- you will get an answer! (maybe not the one you expected, but I guarantee you'll learn something here if you pay attention)

There is definitely a wealth of knowledge to be mined from the members of this board. I'm learning more here every day.

[sisterwin2]

Ty all for response...
I have done buying and basiclly that was all....dad left ge for me and then I began watching and when I had extra I would send to ameritrade... read all the articles, then buy what sounded like might be a winner. My ameritrade account since I started went from 2000 to 5,900 in about four yrs.. I am not sure if that is good but it was not a loss. I did do some stupid buys on penny stocks by believing the hypes. I am now trying to get a handle on charts. This site has been the best so far, ( no name calling or fighting). I am working on reading charts and really understanding. I now understand p/e and the fundalmentals. My best buys has been D, csx (which both doubled). Csx I bought because it was in such a slump and I couldnt imagin railroad failing when our country depends on it so, D I bought due to the dividends. I will continue to follow this board and love that follks put reason to rythm. I also have Ira's but that is just for safe keeping and really no fun at all. Ge which I hold most of has not been doing much for the last few yrs but has given me income. I dont like that most of what I owe is ge... feel the need to spread it out.

I am here to learn and play. I guess its a form of gambling to me, and I want to make extra so I can retire at a decent age.

Ty all, keep posting, I will ask when I cant grasp what your saying.

Dena

[sisterwin2]

PS... My last buy is IIJI. The reason is due to new company and much room for growth. Has cash flow little debt. bought in at about 6.80 and now hovers around 9.50 I have not attempted to put inserts on this board but will learn how. He he.. now need to learn when to sell.

Dena

[The Photon]

gains tracker

you should call a rep at ameritrade they have included "gains tracker" in their service tracks all gains losses for tax purposes even provides information on wash sales and tax advantages to certian sales of held positions.-

[mrmarket]

PS... My last buy is IIJI. The reason is due to new company and much room for growth. Has cash flow little debt. bought in at about 6.80 and now hovers around 9.50 I have not attempted to put inserts on this board but will learn how. He he.. now need to learn when to sell.

Dena

Dena..glad to have you aboard. Please see if you can start a new thread when you have questions that are not related to the subject thread. I know you are trying and this is sometimes confusing. Just play with it a little and you'll get the hang of it.

[jiesen]

BMHC upgraded!

hey, look at that:

http://finance.yahoo.com/q/ud?s=BMHC

BMHC got an upgrade yesterday! Maybe they've had enough loading up in the low 70's and they're ready to move it back up to the 80's again... you think?

go BMHC!

[billyjoe]

Today I bought BMHC at 76.07. I'm not worried about the building bubble. The amount of damage in the south central and south eastern U.S. won't be fixed with BMHC and like companies working 24 hours per day for months producing trusses and pre-fab walls. Check out the recent history after the Florida hurricanes of the past few years. There will be a lag , but the BMHC chart will surely be on the rise. It's not a good thing profiting from the misfortune of others, but I've got to pay for increases in oil, natural gas, electricity and other needs of the family in any way that is legal.


billyjoe