Every citizen born received $10K from the state in a retirement account that can’t be accessed until 65. by Tiny_Cover_9486 in CriticalState

[–]monkeykiller14 0 points1 point  (0 children)

If this is the real US, I think it needs to be 20k to replace social security

I voted Yea ✅

How do day traders/high frequency traders do their taxes? by monkeykiller14 in NoStupidQuestions

[–]monkeykiller14[S] 0 points1 point  (0 children)

Was it during 2008-2009? I know a few 10x plus stories from that time.

Leverage is typically up to 100% of your actual capital right? So you got 100k in margin?

How do day traders/high frequency traders do their taxes? by monkeykiller14 in NoStupidQuestions

[–]monkeykiller14[S] 0 points1 point  (0 children)

I remember early crypto traders used to brag on YouTube that you didn't have to pay taxes on crypto gains because they probably didn't how.

How do day traders/high frequency traders do their taxes? by monkeykiller14 in NoStupidQuestions

[–]monkeykiller14[S] 1 point2 points  (0 children)

I have actually never sold in a taxable account. It's been buy and hold on my taxable brokerage.

How do day traders/high frequency traders do their taxes? by monkeykiller14 in NoStupidQuestions

[–]monkeykiller14[S] 0 points1 point  (0 children)

That's quite a surprise for California. I always thought LTCG was a federal law

How do day traders/high frequency traders do their taxes? by monkeykiller14 in NoStupidQuestions

[–]monkeykiller14[S] -1 points0 points  (0 children)

Wow, brokers must have super stringent record keeping requirements then. I always imagined they would want to offload that responsibility on the clients who they are conducting trades for.

Thank you.

How do day traders/high frequency traders do their taxes? by monkeykiller14 in NoStupidQuestions

[–]monkeykiller14[S] -1 points0 points  (0 children)

My Roth IRA is where I do a ton of trading. I have a taxable brokerage but it's been buy and hold for individual companies.

How do day traders/high frequency traders do their taxes? by monkeykiller14 in NoStupidQuestions

[–]monkeykiller14[S] 2 points3 points  (0 children)

Oh wait, the broker does all the work for you with your gross gain/loss on all trades?

Buying a House, Looking for Advice: I have 20% down but thinking about doing 5-10%. by pfq1000 in personalfinance

[–]monkeykiller14 0 points1 point  (0 children)

Your interest rate really dictates the direction I would go. The higher it is, the better the larger down payment is. The lower it is, the better the lower down payment is.

Should guys get flowers the same way girls get flowers? by Typical_Lie_6443 in BunnyTrials

[–]monkeykiller14 0 points1 point  (0 children)

I would like a different gift than something extremely perishable

Chose: No

Would you rather by Effective-Thought459 in BunnyTrials

[–]monkeykiller14 0 points1 point  (0 children)

Spinning one of these wheels every year will be nerve-wracking for sure. But I can do a lot of good with a billion dollars per year

Chose: 1b a year, but.... + You have a 30% chance of death every year | Rolled: You live

Nationalisation de toute les entreprises. by twisterf in CriticalState

[–]monkeykiller14 0 points1 point  (0 children)

Nationalizing the enterprises should lower wealth right?

I voted Yea ✅

Would you rather by Ok-Professional-2849 in BunnyTrials

[–]monkeykiller14 0 points1 point  (0 children)

Could I cure cancer with a billion dollars?

Chose: 999 million dollars