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Post by mrsdowfire on Mar 3, 2014 11:56:51 GMT -5
Hi All....I think this is my first time post on this site. My husband and I have a lot of our money invested in LVS and I curious about when to sell. I think we were lucky to have found this stock back in 2009 and have bought and sold just a few times since we first purchased in May 2009. We don't do puts/calls; just buy and hold mostly likely because neither of us know much about puts/calls (I'd say we are somewhat novice individual stock investors). I'm posting this because now that the stock has gained so much, I'm starting to wonder if we have too many eggs in this basket so to speak. Our history (IRA accounts): 5/4/09 Purchased 791 shares 5/12/09 Purchased 750 shares 5/19/09 Purchased 300 Shares 10/7/10 Purchased 500 Shares 11/23/10 Purchased 450 shares 12/21/10 Purchased 250 shares 10/27/11 Sold 1000 shares Net Shares Still Owned: 2041 at an average price of $35.38 Taxable Brokerage Account: 4/6/09 Purchased 500 Shares 4/27/09 Sold 500 Shares 5/5/09 Purchased 500 Shares 12/29/10 Purchased 100 Shares 8/9/11 Sold 200 Shares Net Shares Still Owned: 400 at an average price of $19.13 These net amounts may not seem like much to you high rollers  but it is getting to be a substantial portion of our portfolio value. If we sold the 400 shares in the brokerage we'd have almost a $27,000 taxable gain at a selling price of $86.00.....OUCH! We aren't ready to sell at this point but I'm curious about when we do want to sell it what how we should handle that big gain; I don't really want to write the IRS a huge check at tax time. How do you all handle your taxable accounts? Sell a little at a time here and there? As you see, we have not bought anymore shares since 2010 and have held our remaining shares. We have more cash in our retirement accounts to invest but left it as cash approx. 50K. I'm just curious if we are doing things correctly....I've been lurking for years on Yahoo and recently here more. I'm just a bit nervous having this LVS stock starting to have so much of our portfolio value. LVS is the only stock we own other than money in mutual funds. I happy we found this stock years ago but I think we just got lucky when we picked it. What could we be doing differently or at what point do we just sell and move on??? And if we moved on what do we move on to that would give us results like LVS has?  LOL Loaded questions I presume but I would like to hear what you experts have to say. (There are no stupid questions here, right  ) Thank you for your wisdom should you respond, |
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Post by meami on Mar 3, 2014 13:49:00 GMT -5
I'll try to put it in simple.
If you guys filing jointly tax like a married couple for 2013:
- if your income 17850-72500, you will be at the 15 % tax bracket.
As long as you are in the 10% and 15% tax bracket you didn't have to pay tax on the long term (hold position for at least 1 year and 1 day ) capital gain when you sold your shares.
Example:
income together: $60,000 (wages, interest, dividend etc.)
personal exemptions 2x $3,900= $7,800
standard deduction for married couple: $12,200
So you would pay tax after $40,000 (60,000-7,800-12,200)
So if you have realized (long term )capital gain of $32,500 or less (72,500-40,000) you would not have to pay FEDERAL tax on it. You still have to pay state tax!
if your situation complicated (have children, you have house) better check it with your tax preparer. If you will have your tax prepared by someone, asked them Q about next year, what could you do and how.
This works also,
if income together $90,000
you have to pay tax after the income of $70,000 (90,000-7.800-12,200) witch would put you in the 15% tax bracket.
So if you realize long term capital gain of $2,500, you would be still in the 15% tax bracket, so you wouldn't have to pay long term capital gain tax on your federal return. You still have to pay state tax.
This example was for 2013.
Tax bracket would be different for 2014!
The government have to agree to extend this tax break for lower income people, I'm not sure if they extended it or not for 2014 yet!
If you have children you would get more personal exemption.
I hope the examples helped!
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Post by meami on Mar 3, 2014 13:55:19 GMT -5
One more thing.
Of course you could sell always just as many shares as much you need to stay in the 15% bracket and spread the gains over 2-3 or more years. Assuming the tax break would get extended too.
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Post by Deleted on Mar 3, 2014 16:37:06 GMT -5
check out trading/resources thread under "run your profits". This was the very topic of discussion not to long ago. Nice buys....way to go!!
FF
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Post by mrtaxx on Mar 3, 2014 16:49:35 GMT -5
First of all you sould Never tell anyone what assets you have or how much their worth, that's just my opinion.
You should do your homework and make your own decisions when it comes to stocks or anything else in life that way you only have yourself to blame whether you make a good or bad decision.
IMO you should Never take advice from anyone on a message board. Period.
You don't know who they are or what their intensions are, they may be nice and caring people or may have devious intensions.
Most of the people on this board appear to be nice and have good intentions, but you never know.
That said , Good Luck to you.
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Post by Deleted on Mar 3, 2014 17:36:05 GMT -5
I concur 10,000%. I think its something only you can answer....only you know your risk tolerance, goals, other assets, etc....you're either a "let your profits run" type person or you cannot fault the saying "nobody ever went broke taking a profit". Good luck!
FF
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Post by WC on Mar 3, 2014 18:03:26 GMT -5
Along with what everyone else has already said (all of which I agree with), a few additional data points:
1. Take advantage of positions in your IRA having deferred or no taxes -- trade the heck out of them whenever the opportunity arises. I happen to have only Roth IRAs, and I actually forgot to take advantage of that over the past few years. They still have done well, but they could have done a whole lot better if I'd sold more rips and bought more dips.
2. Retain a good accountant. And I mean, a good one, who will typically charge you more for doing taxes and financial planning than you think you need to be paying. You're paying for his/her experience, and that investment will come back to you many times over.
3. Re-read FF's second sentence in the previous post. Everyone's situation is unique. I never give buy or sell advice unless I've spent quite a bit of time ascertaining someone's overall financial situation... and even then, of course, such advice is at best an educated guess. Our most valuable asset is our own personal investment/trading experience, and that sort of asset just isn't transferable!
4. Experience is important, but so is education. Learn a bit about technical analysis so you can more easily identify high-percentage entry and exit points. Again, nothing's for certain, but you can stack the odds in your favor considerably, and over the long run an awareness of "financial engineering" (market psychology) can really give you an edge over those who have blown all of that off and think "the only thing that matters is fundamentals". These days, everything matters... including factoring in how much time each day you want to be investing in managing your investments.
5. Good luck!
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Post by mrsdowfire on Mar 3, 2014 19:28:21 GMT -5
check out trading/resources thread under "run your profits". This was the very topic of discussion not to long ago. Nice buys....way to go!! FF Could you give me the link to this? |
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Post by mrsdowfire on Mar 3, 2014 19:38:36 GMT -5
Thanks everyone. I did debate about giving the actual amount of shares and average price but you really don't know me and I could have made those up Mrtaxx: Thank you and I will do my homework and would only take someone else's advice after doing my own research. Where can I find the link that FF suggested? |
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Post by meami on Mar 3, 2014 19:58:10 GMT -5
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Post by vegascasinorat on Mar 5, 2014 14:47:41 GMT -5
I would just like to add that I have been reading Mrtaxx's posts for the past 5 years (I bought LVS @ $1.62 on 3/9/09; THE day it got as low as it ever got; 5 year anniversary is this coming Sunday; I WILL celebrate; LVS has made me about $400K) and he has been true to his word...he has never said how much LVS he owns; I know he has been around since I have so he got in real cheaply; all he ever offers about his holdings is that he has never sold any of his LVS...and that's fine with me. On the other hand, I have brought a copy of my March '09 Scottrade account to a couple of little gatherings of LVS message board members at The Venetian and passed it around (with the account number scratched out)... that gives me a little "street cred"and that is fine with me, too. But here is where I have a problem: after outlining some of my trades in the "Let your profits run" thread, I received some sort of request for private messaging from a screen name I had never seen before...in order to participate I would have to give my personal info including email address and several other things...maybe I'm a little too trusting but I'm not totally stupid, so I declined. I just mention this as a cautionary tale in case any of you get a similar "private messaging" request. Cheers!
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Post by Blitz on Mar 5, 2014 15:23:02 GMT -5
I would just like to add that I have been reading Mrtaxx's posts for the past 5 years (I bought LVS @ $1.62 on 3/9/09; THE day it got as low as it ever got; 5 year anniversary is this coming Sunday; I WILL celebrate; LVS has made me about $400K) and he has been true to his word...he has never said how much LVS he owns; I know he has been around since I have so he got in real cheaply; all he ever offers about his holdings is that he has never sold any of his LVS...and that's fine with me. On the other hand, I have brought a copy of my March '09 Scottrade account to a couple of little gatherings of LVS message board members at The Venetian and passed it around (with the account number scratched out)... that gives me a little "street cred"and that is fine with me, too. But here is where I have a problem: after outlining some of my trades in the "Let your profits run" thread, I received some sort of request for private messaging from a screen name I had never seen before...in order to participate I would have to give my personal info including email address and several other things...maybe I'm a little too trusting but I'm not totally stupid, so I declined. I just mention this as a cautionary tale in case any of you get a similar "private messaging" request. Cheers! If you were really curious, you could set up an email account at yahoo using whatever alias you thought appropriate... you can sign up with any name you want. 'TonyObamaKindBlitzInsane' over on the yahoo LVS msg board has about a million of 'em... |
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Post by mrtaxx on Mar 5, 2014 16:08:17 GMT -5
vegas.... Don't know why you brought up my name however:
I strted buying LVS at $9,7, 5,4,3,2,8,12 - those shares I have at an average of $4.25 which I have mentioned many times. I last purchased LVS shares at $37. The shares I purchased at $37 I did mention it that day and I did mention how many shares I purchased at $37, that's the only time I mentioned a dollar amount and how many shares I purchased. That day someone, most of us know, read my post and comented to me about the purchase. Till this day I still have Not sold an LVS share and am still bullish.
You mentioned you made $400K, I have made a considerable amount more on paper, not bragging, just got lucky.
This is the last time I will mention anything about, the # of shares I own, what I paid for my shares and whether or not I sold any shares etc. simply because I do not want to potentially influence anyone with my decisions and besides that it's no ones business.
To all: Never ever take advice from anyone on a message board, you don't know their intensions, good or bad. Do your own Due Dilagence.
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Post by WC on Mar 5, 2014 20:45:07 GMT -5
I would just like to add that I have been reading Mrtaxx's posts for the past 5 years (I bought LVS @ $1.62 on 3/9/09; THE day it got as low as it ever got; 5 year anniversary is this coming Sunday; I WILL celebrate; LVS has made me about $400K) and he has been true to his word...he has never said how much LVS he owns; I know he has been around since I have so he got in real cheaply; all he ever offers about his holdings is that he has never sold any of his LVS...and that's fine with me. On the other hand, I have brought a copy of my March '09 Scottrade account to a couple of little gatherings of LVS message board members at The Venetian and passed it around (with the account number scratched out)... that gives me a little "street cred"and that is fine with me, too. But here is where I have a problem: after outlining some of my trades in the "Let your profits run" thread, I received some sort of request for private messaging from a screen name I had never seen before...in order to participate I would have to give my personal info including email address and several other things...maybe I'm a little too trusting but I'm not totally stupid, so I declined. I just mention this as a cautionary tale in case any of you get a similar "private messaging" request. Cheers! The staff has no control over who sends PMs to who, or of the content, but it of course raises our hackles any time a personal communication of questionable content is received. If you (or anyone) wishes the staff to be aware of things like this, please feel free to copy/paste the PM in question and bring them to my attention; we can then figure out if any action is warranted. Thanks! |
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Post by neoland on Mar 14, 2014 10:53:20 GMT -5
I remember the day when I timidly bought in when SA decided to put his $ during those tense days when all you read about LVS was the impending bankruptcy that was given as certain according to the press. My decision to buy at the lows (after seeing my portfolio decimated by 50%) was based on what I perceived as the CEO's faith in his compan when he put his own cash to stave off the expected BK. I clearly remember reading the daily posts by optimistic contrarians, like Spok, Thekindaguyiam, hack, even cozzi, who spurred my courage to nibble even more as the dark clouds hovering over LVS began to evaporate. 9 out of ten people thought one would be crazy to invest in a casino company at the time. Especially a company with a name that started with " Las Vegas". Here we are five years later on this magnificent ride. What a lesson and a blessing it had been.
GLTA.
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Post by Blitz on Mar 14, 2014 11:56:11 GMT -5
I remember the day when I timidly bought in when SA decided to put his $ during those tense days when all you read about LVS was the impending bankruptcy that was given as certain according to the press. My decision to buy at the lows (after seeing my portfolio decimated by 50%) was based on what I perceived as the CEO's faith in his compan when he put his own cash to stave off the expected BK. I clearly remember reading the daily posts by optimistic contrarians, like Spok, Thekindaguyiam, hack, even cozzi, who spurred my courage to nibble even more as the dark clouds hovering over LVS began to evaporate. 9 out of ten people thought one would be crazy to invest in a casino company at the time. Especially a company with a name that started with " Las Vegas". Here we are five years later on this magnificent ride. What a lesson and a blessing it had been. GLTA. I went 'all in' when SA bet $1 Billion from his own bank account to keep LVS a float. I always eagerly awaited Spok's posts then too and still do! |
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but it is getting to be a substantial portion of our portfolio value. 
LOL 
) 
