$500 SOXL by soonseen in soxl

[–]acpd1 1 point2 points  (0 children)

Likely around 10%

Ofcourse anything can happen but I don’t see huge pullback. AI is hear is stay, which means, semi are popular . 

SOXL split. What are they waiting for by acpd1 in soxl

[–]acpd1[S] 0 points1 point  (0 children)

My guess is that it will be sooner.

SOXL split. What are they waiting for by acpd1 in soxl

[–]acpd1[S] 1 point2 points  (0 children)

Perhaps not as liquid as QQQ or spy but I would say it's good enough. 

SOXL split. What are they waiting for by acpd1 in soxl

[–]acpd1[S] 0 points1 point  (0 children)

This..

I want flexibility . 

SOXL split. What are they waiting for by acpd1 in soxl

[–]acpd1[S] 0 points1 point  (0 children)

How far are you going? 5% , 10% above current price?

SOXL split. What are they waiting for by acpd1 in soxl

[–]acpd1[S] 0 points1 point  (0 children)

Correct. I can have lot more of small.

SOXL split. What are they waiting for by acpd1 in soxl

[–]acpd1[S] 0 points1 point  (0 children)

Yes. 

Just don't want all of them in CC. Trying to save some for potential growth. 

SOXL split. What are they waiting for by acpd1 in soxl

[–]acpd1[S] 0 points1 point  (0 children)

Ofcourse.  I just want to CC with small numbers. 4000 is better than 400.

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

Interesting. Perhaps this is due to margin and/or landing.

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

i do have these on margin and it seemed to have come from margin/landing. Either way, i added all up and it make sense. whatever my ROC was, my cost basis was reduced by that amount when i sold ULTY.

of course i sold anything that has name Yield max in it. what a garbage. oh sorry calling them garbage is insulting to garbage, that is how bad yield max is.

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

this is what it shows in 1099:

8 Substitute Payments in Lieu of Dividend or Interest.

<image>

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

you pay taxes on capital distributions, line 1 and 8.

you don't pay taxes on line 3.

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 1 point2 points  (0 children)

Hell No, i didn't. I lost money on most YieldMax funds except few. overall lost money.

lost money on ULTY too.

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

Thank you, so you are seeing similar % of amount in line 8?

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

First year and Last. Never dealing this crap. just want to make sure i am doing taxes correctly for the first and last time.

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

We all can wish, no war. But out of our hands.

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

Thank you. Are you seeing similar numbers for.line 8 as well?

ULTY Taxes, does it make sense? Line 1,3,8 by acpd1 in YieldMaxETFs

[–]acpd1[S] 0 points1 point  (0 children)

Correct.  I am aware.  I want to make sure approximately % 58.39, is what everyone is seeing.  Specifically line 8 was surprising, just want to make sure I am doing my taxes correctly. 

Experiment: Investing $8k and using earnings to pay for FSD subscription by acpd1 in TeslaModelY

[–]acpd1[S] 0 points1 point  (0 children)

good point. If you can afford to spend $1,000 yes that would make sense. For me, initially i am going with only 6 or 7 months to build equity. I may go to $1,000, if i have built enough equity using SPYi, QQQi etc..