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11-07-2020, 07:25 PM
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#1
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Recycles dryer sheets
Join Date: Jun 2020
Location: Central
Posts: 192
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Year End Decisions
Are there any particular stocks or stock sectors that you plan to sell in the near future? If so, what is the reason for that decision?
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11-09-2020, 05:48 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,707
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Quote:
Originally Posted by Rocket Man
Are there any particular stocks or stock sectors that you plan to sell in the near future? If so, what is the reason for that decision?
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Actually, my year-end decisions are more along the lines of which charity I should double up on this year. Many have been devastated by Covid. You could see why. Folks drop charities during tough times because it's the easiest thing to do. At the same time, the needs met by such charities always increase during times of stress like we face now.
I guess it never even occurred to me to do anything other than rebalance as usual. Having said that, my port. is pretty much back to normal (well maybe a bit MORE than normal as of today, heh, hey.) As always, YMMV.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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11-09-2020, 05:59 PM
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#3
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Full time employment: Posting here.
Join Date: Jun 2018
Posts: 928
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Yes Im hearing of some real charity struggles for funding. Kids Alive International and also our local Food Bank are hurting, and Ive read about them in the past 24 hours.
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11-09-2020, 06:03 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,836
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Sold all equities today! If that counts as year end... Why? Maybe the biggest short term gains ever, for me....
I was locked out of my primary brokerage account (system problems at Schwab) for a few hours this morning during early trading, but fortunatually I had all my sell orders entered before the opening bell. (Pays to listen to pre-market news sometimes. ) I didn't know until about 10am what had sold and for what amounts... It was a little stressful for a few hours but ended in very nice surprise!
I'll be looking for the next big dip now.... I'm not sure what the trigger will be, but I'm sure it will happen. So maybe I'll have another year end sale
Probably will gift more to the DD now than I had originally planned...(My charity of choice)
__________________
20's "something" mind, trapped in a 70's "something" body
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11-09-2020, 06:10 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,096
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No selling other than potential tax loss harvesting.
I agree with Koolau, we will be increasing our year-end giving.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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11-09-2020, 06:13 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,067
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Quote:
Originally Posted by jollystomper
No selling other than potential tax loss harvesting.
I agree with Koolau, we will be increasing our year-end giving.
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Same here. I just gave $10 K to an organization that helps the homeless, and frankly it did not put a dent in my holdings. I am up about $200K this year, and want to share it.
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Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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11-09-2020, 06:34 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,515
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Not planning anything major. I think the market will be expecting a new fiscal stimulus (as they were before politics got in the way) between now and whenever that happens. And interest rates will remain low as long as unemployment is high.
I will sell some and buy some but no major plans.
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11-09-2020, 07:10 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by Car-Guy
Sold all equities today! If that counts as year end... Why? Maybe the biggest short term gains ever, for me....
I was locked out of my primary brokerage account (system problems at Schwab) for a few hours this morning during early trading, but fortunatually I had all my sell orders entered before the opening bell. (Pays to listen to pre-market news sometimes. ) I didn't know until about 10am what had sold and for what amounts... It was a little stressful for a few hours but ended in very nice surprise!
I'll be looking for the next big dip now.... I'm not sure what the trigger will be, but I'm sure it will happen. So maybe I'll have another year end sale
Probably will gift more to the DD now than I had originally planned...(My charity of choice)
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OK, you get biggest market timer prize, wrested from pb4uski!
__________________
Retired since summer 1999.
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11-09-2020, 07:33 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,836
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Quote:
Originally Posted by audreyh1
OK, you get biggest market timer prize, wrested from pb4uski!
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And it was pure dumb luck! What I sold today may double tomorrow, but I'm still very happy my profit margins.
__________________
20's "something" mind, trapped in a 70's "something" body
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11-17-2020, 12:47 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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I've sold some things, bought some things. Sold some of my Apple (hard to do as I've owned it since 2001). But it represented too much single stock risk (by far my largest single stock holding - still does even after selling some). Also decided to max out my 24% (single) tax bracket this year and take some LTCG on top of that.
I need to hone in a bit on what my estimates are for 2020 total taxable income - may sell some more things or even do a withdrawal from a tax-deferred plan to top off the income (alternatively, I have some short term gains which I could also sell...this is less likely as they become more valuable (less taxes) if they get to long term).
On the buy side, I've been doing more speculative things. I have positions in OCUL, VFF, other spec plays. Not tons of money, but enough to be interesting. I've also been increasing holdings in precious metals and stock equivalents (Gold/Silver ETF's, gold/sivler minors (like GDX)).
Overall, net selling recently.
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11-17-2020, 01:37 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,707
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Although I've taken my (not-required) RMD for the year, I'm considering taking another chunk from the 401(k) this year - within the same tax bracket. That has been my 'lazy-man' way to rebalance the port. In anticipation of higher future taxes, it may be wise to take the hit now. Besides, we haven't done anything for the kids this year and I know they have needs now. YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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11-17-2020, 01:48 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,308
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Quote:
Originally Posted by Rocket Man
Are there any particular stocks or stock sectors that you plan to sell in the near future?
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No.
Quote:
Originally Posted by Rocket Man
If so, what is the reason for that decision?
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It's pretty much settled science that short term price behavior is random and relative sector strength is unpredictable. So worrying about sectors is similar to going to the casinos. Both can be fun, of course.
There's enough volatility that some individual investors' sector bets will win but the majority will lose. Sector bets made through stock-picker funds are more likely to lose because of the drag their expenses exert.
__________________
Ignoramus et ignorabimus
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11-26-2020, 04:13 AM
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#13
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Recycles dryer sheets
Join Date: Aug 2015
Posts: 179
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I sold out of my preferred stock funds (PFF, PSK) as they are getting lofty. Have been using this cash to buy into mid cap banks and Utilities paying 4-5%.
I already have a huge capital gain to contend with for 2020 taxes so setting some cash aside for that.
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11-26-2020, 05:36 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 2,459
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Call it conversions or would have been RMD, I doubled up on my withdrawal from my tIRA.
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For me experiences are not good or bad, just different
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11-26-2020, 11:16 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Jun 2002
Posts: 1,633
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Sorta late in the game about doing Roth conversions but finally decided this was a good year to start. Moved a chunk from my t-IRA to a newly established Roth earlier this week. Will top it off to a level within spittin’ distance of my upper tax bracket limit as soon as some of the end of year finances become a little clearer. No big changes in what assets I’ll be invested in, though.
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friar1610
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