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I see these kind of stuff and I cant help but think that the money these guys are trowing away in ugly monkey pictures and stupid fake money or dead stocks in hope to get rich is very often more money than a poor family in a poor country can make, collectively, in their whole lives I really have trouble having any empathy. gently caress them Elias_Maluco fucked around with this message at 16:07 on Feb 8, 2024 |
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Feb 8, 2024 16:04
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So all the people that DSR'd their shares of BBBY are now finding out that they're not getting sent tax documentation for the loss because that's what happens when you don't have a brokerage to do that stuff for you. So now some of the most financially illiterate people in the country have to figure out how to calculate their loss themselves.
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Feb 8, 2024 16:10
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Impossibly Perfect Sphere posted:So all the people that DSR'd their shares of BBBY are now finding out that they're not getting sent tax documentation for the loss because that's what happens when you don't have a brokerage to do that stuff for you. So now some of the most financially illiterate people in the country have to figure out how to calculate their loss themselves. I think a lot of them have just concluded that since they never got a loss notification that there must be action behind the scenes that is preventing a loss
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Feb 8, 2024 16:11
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Klyith posted:so the thing is, the person working two jobs with not enough for bills also somehow had enough money to toss a big wad of it down a wishing well seems like most of them are
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Feb 8, 2024 17:02
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Calculating it would be easy though. How much did you spend for all your shares? That's your loss. The max used to be something like $5k per year and there's a max time the losses can be carried forward iirc.
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Feb 8, 2024 17:03
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Impossibly Perfect Sphere posted:So all the people that DSR'd their shares of BBBY are now finding out that they're not getting sent tax documentation for the loss because that's what happens when you don't have a brokerage to do that stuff for you. So now some of the most financially illiterate people in the country have to figure out how to calculate their loss themselves. according to my calculations, my loss is negative ten billion dollars ... wait, now the irs says what?
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Feb 8, 2024 17:05
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Big rear end On Fire posted:Calculating it would be easy though. How much did you spend for all your shares? That's your loss. The max used to be something like $5k per year and there's a max time the losses can be carried forward iirc. $3K max per year deduction (if exceeding all your cap gains) on each tax return and unlimited years to carry forward. So $30K loss will take 10 years to write off on your taxes if you don't get any investment gains later. Since apes are only capable of YOLOing into failing stocks instead of something like Meta or Microsoft that can actually generate capital gains, they might end up writing off these $3K piecemeal losses for the rest of their life. Rad Russian fucked around with this message at 17:59 on Feb 8, 2024 |
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Feb 8, 2024 17:52
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Right 3k. Couldn't recall if there was a time limit.
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Feb 8, 2024 18:49
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Related I have some really old purchases before brokers were required to capture basis. I still have to dig through papers when selling and hope to find some old piece of paper. Now you can even see exactly how much every DRIP is on the broker's website.
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Feb 8, 2024 18:54
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lol @ suckers who didn't buy the dip.  MOASS any day now. Any.....day.
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Feb 8, 2024 20:05
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I don't know about you, but I get MOASS everyday
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Feb 9, 2024 17:37
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beepo posted:I don't know about you, but I get MOASS everyday Your doctor can prescribe a cream for that
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Feb 9, 2024 17:44
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https://twitter.com/toodatooda/status/1755983579501228247
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Feb 10, 2024 02:00
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Klyith posted:so the thing is, the person working two jobs with not enough for bills also somehow had enough money to toss a big wad of it down a wishing well These people all saw Wolf of Wall Street and decided they wanted to be the guy in a lambo doing coke.
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Feb 10, 2024 02:09
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super sweet best pal posted:These people all saw Wolf of Wall Street and decided they wanted to be the guy in a lambo doing coke. They literally go on about lambos and probably coke for a reason. It's all cargo cult capitalism. Even moreso than the entirety of our culture already is.
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Feb 10, 2024 06:01
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The insistence on shopping at GameStop to bolster the share price is maybe the most perplexing part of apedom. They somehow think buying a Toad plushie for $30 is going to make them a billionaire
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Feb 10, 2024 16:30
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I bought 30 funcopops this month instead of the usual 15, so that means the company should have a 200% boost in profit and the stock price should jump!!!! That right there is proof the hedgies are illegally keeping the company down because i know for a fact the sales are up!!!! As soon as their evil plan is uncovered by the sec they'll end up in jail and gme will moon to its real price 
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Feb 10, 2024 17:38
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If they worship moloch powerfully enough, they will be rewarded
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Feb 11, 2024 04:59
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they heard about dogfooding and applied it wrong. also some of them heard about dogfooding and started literally eating dog food because it might be the cheapest bulk calories/$ (its not)
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Feb 11, 2024 05:03
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rotinaj posted:If they worship moloch powerfully enough, they will be rewarded This is a Mammon thing. Molech demands sacrifices of children, which is why the .gov encourages so many school shootings.
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Feb 11, 2024 18:30
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They're still at it. They know no limits:
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Feb 12, 2024 06:20
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Wife changing money has morphed into wife keeping money?
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Feb 12, 2024 06:37
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It’s just bizarre to see so many people spontaneously ruin their lives like this. Sure, there have been some unethical moves by people, but it’s not primarily a story of fraud. They mostly just hyped themselves off a cliff. I don’t know if I can think of another example quite like it.
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Feb 12, 2024 13:43
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Yoshi Wins posted:It’s just bizarre to see so many people spontaneously ruin their lives like this. Sure, there have been some unethical moves by people, but it’s not primarily a story of fraud. They mostly just hyped themselves off a cliff. Cults. It’s a cult at this point, complete with a message about a fallen world and a messianic figure that will save the chosen and usher in a utopian future.
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Feb 12, 2024 13:45
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Yoshi Wins posted:It’s just bizarre to see so many people spontaneously ruin their lives like this. Sure, there have been some unethical moves by people, but it’s not primarily a story of fraud. They mostly just hyped themselves off a cliff. I mean a lot of finance bubbles work like this, only in a less stupid way. This like a bubble without the bubble bit I guess.
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Feb 12, 2024 13:57
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dr_rat posted:I mean a lot of finance bubbles work like this, only in a less stupid way. This like a bubble without the bubble bit I guess. There was a bubble at the very beginning, with the actual, real, GME short squeeze. These folks are buying Tulip Futures 4 years after the economy crashed and everyone stopped growing Tulips. Also they aren't actually getting any Tulip Futures. Also Tulips are extinct.
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Feb 12, 2024 14:51
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Sardonik posted:They're still at it. They know no limits: This could all be word for word on an Iraqi dinar forum.
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Feb 12, 2024 14:57
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One More Fat Nerd posted:Also Tulips are extinct. Shame, tulips looked nice. Well not 10,000 guilders nice. Probably for the best.
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Feb 12, 2024 15:03
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Without doing any research on her own, huh?
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Feb 12, 2024 15:04
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It'd make more sense to gamble on a penny stock than rally around these failing companies. That's traditionally what fraudsters leading these kinds of idiots would do.
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Feb 12, 2024 16:46
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Yoshi Wins posted:It’s just bizarre to see so many people spontaneously ruin their lives like this. Sure, there have been some unethical moves by people, but it’s not primarily a story of fraud. They mostly just hyped themselves off a cliff. I mean its basically just gambling? In years gone by, these guys would be talking about a hot tip on the fourth race down at the Aqueduct "Yeah, BBBY can really break from an outside post position, and only lost last last time because of muddy track conditions. Sure, he's got less than two weeks of rest, but that's where trainer Ryan Cohen comes in, with a spectacular success rate. Pace makes the race"
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Feb 12, 2024 17:50
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Yoshi Wins posted:It’s just bizarre to see so many people spontaneously ruin their lives like this. Sure, there have been some unethical moves by people, but it’s not primarily a story of fraud. They mostly just hyped themselves off a cliff. they haven't ruined their lives until they accept that they were wrong therefore that will never happen
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Feb 12, 2024 18:13
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drk posted:I mean its basically just gambling? In years gone by, these guys would be talking about a hot tip on the fourth race down at the Aqueduct Sure, but that's just penny stocks. In your analogy this is like finding a bookie who will somehow let you bet on a horse that's already been euthanized.
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Feb 12, 2024 18:15
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Cyrano4747 posted:Sure, but that's just penny stocks. In your analogy this is like finding a bookie who will somehow let you bet on a horse that's already been euthanized. Or that they bet on a race that already finished, lost all their money, but are convinced that there is going to be a secret revision of the race results that prove they actually won a trifecta. So they need to hold on to their betting slip with all their lives because it is going to make them rich!!!
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Feb 12, 2024 18:25
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Cyrano4747 posted:Sure, but that's just penny stocks. In your analogy this is like finding a bookie who will somehow let you bet on a horse that's already been euthanized. holy poo poo, lol
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Feb 12, 2024 18:50
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Cyrano4747 posted:Sure, but that's just penny stocks. In your analogy this is like finding a bookie who will somehow let you bet on a horse that's already been euthanized. I believe in Potoooooooo
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Feb 12, 2024 19:15
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Cyrano4747 posted:Sure, but that's just penny stocks. In your analogy this is like finding a bookie who will somehow let you bet on a horse that's already been euthanized. Look, it's a sure win, nobody's beating a dead horse.
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Feb 12, 2024 20:00
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One More Fat Nerd posted:These folks are buying Tulip Futures 4 years after the economy crashed and everyone stopped growing Tulips. This made me 
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Feb 12, 2024 20:10
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Yeah that was a good one
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Feb 12, 2024 20:13
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Cyrano4747 posted:Sure, but that's just penny stocks. In your analogy this is like finding a bookie who will somehow let you bet on a horse that's already been euthanized. A dead horse is still a horse, these guys are putting exacta parleys on bottles of glue
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