Stocks questions 101…please help?
okay i was wondering if this is possible or did i understand this completely wrong and what other insights could you possibly give me…here is the scenario and tell me if this is possible and blah blah blah:
lets say you invest 0 into a company where their shares sell for .10 cents
so all of a sudden a week later the shares are now selling for .20 cents, this means you just got 00 instead of 0. So of course you like the result and sell the shares and have the 00 in your brokerage account…can you do this? is this allowed? what are the tax precautions? im a real estate guy, so i know when you buy a house and fix it up and sell it you are going to pay that tax usually 40% for the equity…what is it with stocks? can you sell it this fast? or do you have to wait a certain amount of time?
let me know…thanks for all the help
*oh and any other things i SHOULD know about stocks and investing into stocks
Tagged with: amount of time • blah blah blah • brokerage account • insights • real estate • stocks
Filed under: sell my timeshare
When you buy or sell a stock you pay a commissions so if your $500. reaches a point that you consider it’s time to sell you can. If you receive $1000., $500 will be considered a capital gain and you’ll include it in that years taxes. Likewise, if you sell and lose money, thats a capital loss, also to be reported on your taxes. There is no time limit on buying or selling except I believe you cannot sell a loser and rebuy that stock for 30 days. This 30 day wait doesn’t apply to winning stocks. I suggest you ask the bokerage firm you’re using for clearification..