RE:RE:RE:RE:THIS PUPPY IS SICK!It is interesting to see one describe stock investments as a hobby. Most people would view things done for pleasure without regard to economic gain (or loss) as hobbies - fishing, stamp collecting, travel as examples.
One would have to surmise that investing as a hobby means not caring for profit or loss. Does that describe you?
The IRS has similar views about hobbies until one has a taxable gain or claims a loss. By their rules, then, the activity is not a hobby.
One of my hobbies is semantics, though it sometimes generates hard feelings when I am merely looking for a more explicit understanding.
Thanks for the exercise.
VP