Greetings, I’m a 30 year old guy trying not to go broke in this changing market. I don’t have much (relative to others) but all of my assets are heavy invested in stocks. Abbott, Abbvie, Tesla, P&G and two IRA’s. In the current economy I’m seeing a lot of signs that we’re in a bubble, with interest rates rising, housing market falling, consumers debt is at an all time high. I want to pull back and secure my money for a bit to see what happens in the coming months.
I know this is a amateur question but if I were to sell my stock (right now at around 200% gain from my purchase price) but still keep the money within my broker (E*TRADE) do I have to pay taxes on the gains this year?
I feel as if the upcoming 4th and 1st quarter will have some turbulence and don’t want my glass to fall over.
To give you some realistic numbers. 2014 bought into the market with 50k now everything’s worth around 220k. Not to shabby. How can I secure this money from taxes and a falling market?
Submitted October 11, 2018 at 11:52PM by The-Mike-She-Empire https://ift.tt/2NCbgzf
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