MigraineCall wrote: Agreed. I am not in a hurry at all, as for me it is forced now to be a longer term hold due to taxes. This multi bagger run up this year on several stocks will create a huge capital gains tax problem if sold in the current year. A few of us have had 7 figure gains so far and climbing. It makes sense to hold it over a longer period stretching it over several tax years, selling portions off slowly and pushing the gains forward.
Hopefully a better tax friendly government will be in power in the future for the upper income folks. Now that sockboy is back in power, our tax rates will be costly in the highest brackets while he is in power if you to sell. I have already talked to my accountant, and that seems like the best solution.
Consider selling some to book a good portion of gains this year to start the process, and even it out somewhat as Canadian oil is just starting it's bull run, and then take a few hundred grand off the table each year.
Remember, if you have a lot of capital gains, it is in the government's best interest that you die, then the accounts are deemed to be disposed of, and all taxes on 50% of the gains are due in the year of death, at the highest bracket. Trudope wins.
If this gets bought out, it crystalizes all the gains as well. If you don't have losses to offset it, Trudope wins. So stay alive, have a few good drinks to help you maintain your stagger, and don't ever ever let sockboy win.
ManitobaCanuck wrote: Dude, I dont want 100$ spike . I want it slow n steady at 70-80$ for a few years till these guys pay down debt.
Higher Oil prices will push for more drilling and the old Boom n Bust cycle.
We need stable prices for a few years to pay down debt to Zero and then begin the Gravy train.
Nothingmatters wrote: Party time butchhess.... though i dont think it would reach that level. $100 is the top...