Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 29, 2017 2:24:22 GMT -8
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Post by rickag on Mar 29, 2017 4:01:30 GMT -8
Since84 Thank you for starting the thread. I guess politicians may appreciate the security iPhones have.
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Post by dreamRaj on Mar 29, 2017 7:20:29 GMT -8
Seems like today is AMZN's and GOOG's day and not AAPL's.
On second thought, when is it ever not AMZN's day? Now at ATH.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 29, 2017 9:08:55 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Mar 29, 2017 9:37:06 GMT -8
AAPL fighting hard to stay green. Perhaps all the positive stories and new price targets that seem to be prevalent just now are helping.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Mar 29, 2017 10:22:22 GMT -8
AAPL fighting hard to stay green. Perhaps all the positive stories and new price targets that seem to be prevalent just now are helping. AAPL wins the fight...yet another ATH!
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Post by artman1033 on Mar 29, 2017 12:46:32 GMT -8
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Post by incorrigible on Mar 29, 2017 13:35:04 GMT -8
We hit $144.49 as an intraday high. so $144.12 is not the all time high but $144.12 is an all time high close.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 29, 2017 13:49:57 GMT -8
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Post by Apple II+ on Mar 29, 2017 16:41:49 GMT -8
Makes me think Bill Bixby of Incredible Hulk fame (with Lou Ferrigno) and The Courtship of Eddie's Father. So don't make it Angry or it will turn green and explode! (Either that or it turns into a 1970's TV dad.)
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Post by Zeke on Mar 29, 2017 17:57:11 GMT -8
$144.12 is a pre-spilt $1008.84. Where are all the people who said AAPL would never get back above $700 again?
Yeah, it's me, Zeke. I haven't been here in a year or two. I thought that since AAPL was above the pre-split $1000 mark I'd drop back in and see if any of the old-time AAPL bears were still around. For the past 14 years at every downturn we have heard from those self-appointed experts about how stupid we were to still be drinking the Apple Kool-aid. We've heard how we need to be unemotional and realistic, like the "real investors", the serious players, and learn when to drop Apple. I just have one thing to say to them. My original investment of $7500 got me the equivalent of 7000 shares of AAPL today at $144.12. That's a little over $1,000,000 worth of AAPL from a $7500 investment. And that doesn't count what I've made on options in the meantime. So who's the "real investor" now?
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Mar 29, 2017 18:00:31 GMT -8
As we move to these new heights, part of me compulsively calculated my after tax profit on shares I have held for years. As I was doing this, I realized for the first time how badly we are taxed on our profits. I had always taken the simplistic view that the difference between my basis and my selling price was taxable at the long term capital gain rate of 20%. In my case, there is an additional state tax of 10%, but let's leave that out of the picture for now.
What I didn't realize until now was that my basis is not adjusted for inflation. That is, if I spent $10,000 to buy the stock in 1985 and sold it for $20,000 today, I am being taxed on $10,000 gain at 20%, or $4,000. But the $10,000 i spent in 1985 is equivalent to $22,928 in todays dollars. That means that I actually lost $2,928 on the stock AND have to pay $4,000 in taxes on the "gain". It seems like the basis and the selling price should be adjusted to the same point in time, but what do I know.
I do not remember seeing many financial articles that take the time value of the basis into account. I wonder how it would change some of our beliefs. If my brain was bigger, I would look at taxation in general from this perspective.
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Post by Zeke on Mar 29, 2017 18:08:11 GMT -8
Well, at least one of their stores did.
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mark
fire starter
Posts: 1,555
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Post by mark on Mar 29, 2017 18:59:10 GMT -8
As we move to these new heights, part of me compulsively calculated my after tax profit on shares I have held for years. As I was doing this, I realized for the first time how badly we are taxed on our profits. I had always taken the simplistic view that the difference between my basis and my selling price was taxable at the long term capital gain rate of 20%. In my case, there is an additional state tax of 10%, but let's leave that out of the picture for now. What I didn't realize until now was that my basis is not adjusted for inflation. That is, if I spent $10,000 to buy the stock in 1985 and sold it for $20,000 today, I am being taxed on $10,000 gain at 20%, or $4,000. But the $10,000 i spent in 1985 is equivalent to $22,928 in todays dollars. That means that I actually lost $2,928 on the stock AND have to pay $4,000 in taxes on the "gain". It seems like the basis and the selling price should be adjusted to the same point in time, but what do I know. I do not remember seeing many financial articles that take the time value of the basis into account. I wonder how it would change some of our beliefs. If my brain was bigger, I would look at taxation in general from this perspective. HAhahahahaha ... just wait until you find out about the ACA Capital Gains Medicare tax of 3.8% on top of the regular 20% that you will pay!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Mar 29, 2017 19:52:05 GMT -8
As we move to these new heights, part of me compulsively calculated my after tax profit on shares I have held for years. As I was doing this, I realized for the first time how badly we are taxed on our profits. I had always taken the simplistic view that the difference between my basis and my selling price was taxable at the long term capital gain rate of 20%. In my case, there is an additional state tax of 10%, but let's leave that out of the picture for now. What I didn't realize until now was that my basis is not adjusted for inflation. That is, if I spent $10,000 to buy the stock in 1985 and sold it for $20,000 today, I am being taxed on $10,000 gain at 20%, or $4,000. But the $10,000 i spent in 1985 is equivalent to $22,928 in todays dollars. That means that I actually lost $2,928 on the stock AND have to pay $4,000 in taxes on the "gain". It seems like the basis and the selling price should be adjusted to the same point in time, but what do I know. I do not remember seeing many financial articles that take the time value of the basis into account. I wonder how it would change some of our beliefs. If my brain was bigger, I would look at taxation in general from this perspective. Don't even get me started. Of course, unless it is in a traditional IRA, you are investing already-taxed income when you buy a stock or options. And shithead Kalifornia taxes cap gains as regular income (top rate is 13.3%). Which is why Kookyfornia's budget is always in trouble, because it's reliance on non-regular income (Kalifornia supposedly relies on 10,000 people for half its tax revenues, in a state of 40 million, just outrageous). Plus, it's a risky thing to do, investing in stocks. So long as you have a job, wages are guaranteed. But cap gains are a crapshoot. But try telling that to the greedy IRS, who wants their quarterly tax payments, even if you don't have the money or any guarantee of gains that year. The IRS wants what is essentially an interest-free loan in the year after you take any gains. And options players have it even worse. No such thing as long term cap gain tax rate on spreads. Let's just hope our repatriation rate (triple taxation) gets lowered - permanently...
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Mar 29, 2017 20:04:47 GMT -8
Call wall at 142.
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Post by Zeke on Mar 29, 2017 21:36:10 GMT -8
Call wall at 142. I had Jan 2017 $145 LEAPs. Just a touch too optimistic this year, but they were super cheap.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 30, 2017 2:36:16 GMT -8
$144.12 is a pre-spilt $1008.84. Where are all the people who said AAPL would never get back above $700 again? Yeah, it's me, Zeke. I haven't been here in a year or two. I thought that since AAPL was above the pre-split $1000 mark I'd drop back in and see if any of the old-time AAPL bears were still around. For the past 14 years at every downturn we have heard from those self-appointed experts about how stupid we were to still be drinking the Apple Kool-aid. We've heard how we need to be unemotional and realistic, like the "real investors", the serious players, and learn when to drop Apple. I just have one thing to say to them. My original investment of $7500 got me the equivalent of 7000 shares of AAPL today at $144.12. That's a little over $1,000,000 worth of AAPL from a $7500 investment. And that doesn't count what I've made on options in the meantime. So who's the "real investor" now? Welcome back Zeke. I've missed your insights. Hoping a few more 'old timers' might be lurking and return...
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