What I Am Buying Today.

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(11-23-2021, 10:51 PM)fenders53 Wrote:

(11-23-2021, 05:57 PM)stockguru Wrote:

(11-23-2021, 04:10 PM)ken-do-nim Wrote:

(11-23-2021, 03:35 PM)stockguru Wrote: Tis the season to be thankful for all those tax selling elves

I picked up UPST, BABA, DKS, TGT, FISV, GPN, AMGN, TMUS, KOF, SWKS, V and ATVI

Sold a lot of names I have doubled or tripled. Also closed my $38.50 puts in M

I love this time of year. Just sit back and cherry pick

Hi Guru, I'd really love to understand what you mean about "tax selling elves" and "love this time of year".  What's special about Thanksgiving week?

 
Just "Christmas Lingo" lol

And I just mean a lot were selling the last 2 days for tax reasons and taking the losses to offset the gains. It happens every year during this holiday shortened Thanksgiving week. 

This has always been my favorite week to buy on weakness in the market. And we are getting some great buying opportunities in the tech sector.

This is not company specific but sector wide through the tech sector.

Happens at year end as well.  You have to be out 30 days to book the loss.  If you do it now you could get back in during 2021 if you wish.  If it works out you could qualify for long term cap gains in 2022.  

If I am scared my stock will run I buy something similar for the 30 days since sectors mostly run together.  V and MA for instance.  Or maybe two chip stocks dependent on AAPL.  Nothing is foolproof but I hate taxes.

That's hy you should buy div growth stocks, never sell them and not worry about taxes.