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Posted On: 12/01/2024 3:41:57 PM
Post# of 8671
End of year goodies. Tax loss buys Part 1 of 3
(A learning experience)
Okay I usually do this every year at the end of the year, pitch stocks to buy for the next year or foreseeable future. This is the best time to buy one's garbage which is another one's treasure.
Tax loss season is here. People are selling penny stock junk to recover money owed. Here's how this works, you owe money on income tax (w2) or dividend income. Sell a worthless security at a loss to even out the money owed to the IRS. Don't sell all your losses at once. Keep them and sell only enough to cover what you would owe on your income tax for the year. I personally have 6 figures in unclaimed losses -- which means I'll never have to pay income on my dividends or income tax ever again, (if I decide to go back to work, I'm 42). It doesn't make me a bad trader, it makes sense to disperse it wisely.
Anyways, on to the picks,
.0001 BCAP -- EM to Pink Current soon (2025). Take the profit and run.
.0001 GRNH -- shell 2B OS 1.2B Float. NV SoS
.0001 DSUS -- CE Removal Candidate
.0001 CDIV -- CE Removal Candidate. Got Pink Limited recently
.0003 CNNA -- Watch for dumps. Will be pumped again. Clean no CE
More picks coming. These are just what I was thinking at this current moment.
(A learning experience)
Okay I usually do this every year at the end of the year, pitch stocks to buy for the next year or foreseeable future. This is the best time to buy one's garbage which is another one's treasure.
Tax loss season is here. People are selling penny stock junk to recover money owed. Here's how this works, you owe money on income tax (w2) or dividend income. Sell a worthless security at a loss to even out the money owed to the IRS. Don't sell all your losses at once. Keep them and sell only enough to cover what you would owe on your income tax for the year. I personally have 6 figures in unclaimed losses -- which means I'll never have to pay income on my dividends or income tax ever again, (if I decide to go back to work, I'm 42). It doesn't make me a bad trader, it makes sense to disperse it wisely.
Anyways, on to the picks,
.0001 BCAP -- EM to Pink Current soon (2025). Take the profit and run.
.0001 GRNH -- shell 2B OS 1.2B Float. NV SoS
.0001 DSUS -- CE Removal Candidate
.0001 CDIV -- CE Removal Candidate. Got Pink Limited recently
.0003 CNNA -- Watch for dumps. Will be pumped again. Clean no CE
More picks coming. These are just what I was thinking at this current moment.
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