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Call for End to Short Term Investing
- Thread starter sophiekay
- Start date
Quote from gkishot:
Next time someone wants to sell a stock he needs to call Mr. Warren Buffet and ask if it's ok.
No, no... you can't call him, that would be too quick. You have to write a letter. That will give you more time to think about it and make sure that you REALLY want to make such a rash decision.
That's the interesting thing about this. If you read what they are saying, Short term investing is anything less than several years.
Quote from TraderZones:
so what is "short term investing?
10 minutes? Hour? 5 hours? 2 days?
How in the world will anyone draw a line that is not completely arbitrary?
Quote from gkishot:
Yes. No transaction tax so far.
http://taxes.about.com/od/capitalgains/a/CapitalGainsTax_4.htm
Bit confused by that statement. My reading of the URL you sent is that for stocks held for less than 1 year, you pay regular income tax.
Type of Capital Asset Holding Period Tax Rate
Short-term capital gains (STCG) One year or less Ordinary income tax rates up to 35%
Quote from TraderZones:
so what is "short term investing?
10 minutes? Hour? 5 hours? 2 days?
How in the world will anyone draw a line that is not completely arbitrary?
All of our Bots are using non arbitrary ink. Have you noticed how we have stepped up our frequency lately?
A lot of evergreens in Aspen seem to be losing their needles.
They mention the dreaded transaction tax a few times in this piece. No mention of a % this time though:
http://www.aflcio.org/mediacenter/prsptm/pr09092009b.cfm
-Guru
http://www.aflcio.org/mediacenter/prsptm/pr09092009b.cfm
-Guru
So Warren the Old Fool Buffet is asking the government to bail him out? Incompetent.
He is asking for tax favor from the government! Shameless.
He is secretly inciting a transaction tax on traders and creating an uneven playing field. Crooked.
Let these old dinasaurs die!!!! This is the Internet age and no sane investor will hold a position for years. Only old old idiots like Warren Buffet do it. It doesn't work anymore.
So he is asking the government to change the rules of the game. How fucking dishonest he is!
He is asking for tax favor from the government! Shameless.
He is secretly inciting a transaction tax on traders and creating an uneven playing field. Crooked.
Let these old dinasaurs die!!!! This is the Internet age and no sane investor will hold a position for years. Only old old idiots like Warren Buffet do it. It doesn't work anymore.
So he is asking the government to change the rules of the game. How fucking dishonest he is!