My UNVC strategy for future profits and investing:
Right now I only have only one stock in my portfolio (UNVC) -because I sold everything to buy as many UNVC shares as I could. So my investment portfolio can hardly be called diversified at this point.
But here’s my 2021 strategy to change that:
1) After UNVC goes to the NASDAQ: In the beginning, I will take only the money that I really need (at different points during the year) -to pay off credit card and other debts, to get $$ for an emergency fund, $$ or health care (if needed) and/or money to live on) In the beginning, no fancy cars or other big ticket items for me, -only what I need for daily life!
2) Throughout 2021 I will be watching Biden’s tax moves carefully. Right now he’s too busy with the pandemic and other problems. But towards the middle to the end of 2021 I suspect he will try to implement his proposed tax changes (for 2022). IMO the most important part of Biden’s tax program is his proposed tax on long-term capital gains for profits over $1 million (43.4%, -taxed as regular income).
If that is implemented, I will wait until sometime in December of this year, to sell 1/4 to 1/2 of my UNVC shares (but always keeping some shares long-term).
3) Why? By waiting until December of 2021 I can most likely get the highest prices for my UNVC shares vs. selling earlier in the year. IF Biden’s higher (43.4% for profits over $1 million) capital gains taxes are in effect for 2022 then I will take millions of dollars in UNVC profits in December 2021. That way my maximum long-term capital gains rate will be 23.8%. I never want to pay 43.4% in taxes, and 2021 will be my last chance to reap big profits in order to diversity my portfolio. If there are no tax changes for 2022, then I can wait and sell shares for higher prices in 2022.
4) After selling, I will transfer the millions in cash (as well as some or all my remaining UNVC stock) to Vanguard (see bogleheads.org). At Vanguard, I will invest in 3-5 low-cost Vanguard index funds as well as Vanguard ETF’s. and some big board stocks, - in order to begin to diversify my investments.
IMO Vanguard is the way to go because of their great investment products and very low fees/cost.
So IMO there is no need to a pay a fancy (and expensive) financial advisor or private banker 1-2% of your assets per year for advice!
Right now I only have only one stock in my portfolio (UNVC) -because I sold everything to buy as many UNVC shares as I could. So my investment portfolio can hardly be called diversified at this point.
But here’s my 2021 strategy to change that:
1) After UNVC goes to the NASDAQ: In the beginning, I will take only the money that I really need (at different points during the year) -to pay off credit card and other debts, to get $$ for an emergency fund, $$ or health care (if needed) and/or money to live on) In the beginning, no fancy cars or other big ticket items for me, -only what I need for daily life!
2) Throughout 2021 I will be watching Biden’s tax moves carefully. Right now he’s too busy with the pandemic and other problems. But towards the middle to the end of 2021 I suspect he will try to implement his proposed tax changes (for 2022). IMO the most important part of Biden’s tax program is his proposed tax on long-term capital gains for profits over $1 million (43.4%, -taxed as regular income).
If that is implemented, I will wait until sometime in December of this year, to sell 1/4 to 1/2 of my UNVC shares (but always keeping some shares long-term).
3) Why? By waiting until December of 2021 I can most likely get the highest prices for my UNVC shares vs. selling earlier in the year. IF Biden’s higher (43.4% for profits over $1 million) capital gains taxes are in effect for 2022 then I will take millions of dollars in UNVC profits in December 2021. That way my maximum long-term capital gains rate will be 23.8%. I never want to pay 43.4% in taxes, and 2021 will be my last chance to reap big profits in order to diversity my portfolio. If there are no tax changes for 2022, then I can wait and sell shares for higher prices in 2022.
4) After selling, I will transfer the millions in cash (as well as some or all my remaining UNVC stock) to Vanguard (see bogleheads.org). At Vanguard, I will invest in 3-5 low-cost Vanguard index funds as well as Vanguard ETF’s. and some big board stocks, - in order to begin to diversify my investments.
IMO Vanguard is the way to go because of their great investment products and very low fees/cost.
So IMO there is no need to a pay a fancy (and expensive) financial advisor or private banker 1-2% of your assets per year for advice!
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