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Adobe Inc. (ADBE)
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Enghouse Systems Limited (ENGH)
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Premium Brands Holdings Corporation (PBH)
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Block Inc. Class A (SQ)
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Atlassian Corporation (TEAM)
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DexCom Inc. (DXCM)
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Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
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Upstart Holdings Inc. (UPST)
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Mitek Systems Inc. (MITK)
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Affirm Holdings Inc. (AFRM)
Q: I have two questions re: tax loss selling. I have a three year old gain that I can offset by selling the above holdings.
1. First please help me with the math. If I buy a stock for $100, sell it for $90, I have a loss of $10 which would mean I can expect a $2.50 tax loss at a 25% rate. Does this mean that if I wanted to buy the stock back after 30 days, I would only be better off if I buy it back at less than 92.50 per share? Do you have a threshold whereby you must be down by a certain amount to justify a tax loss sale? e.g. 20%? Unless of course you are walking away from a company.
2. Which of the companies listed would you consider buying back after 30 days? I have too many holdings as it is so may just let them all go unless something is particularly interesting. I am overweight technology, underweight everything else but otherwise have a broad mix of funds and stocks.
1. First please help me with the math. If I buy a stock for $100, sell it for $90, I have a loss of $10 which would mean I can expect a $2.50 tax loss at a 25% rate. Does this mean that if I wanted to buy the stock back after 30 days, I would only be better off if I buy it back at less than 92.50 per share? Do you have a threshold whereby you must be down by a certain amount to justify a tax loss sale? e.g. 20%? Unless of course you are walking away from a company.
2. Which of the companies listed would you consider buying back after 30 days? I have too many holdings as it is so may just let them all go unless something is particularly interesting. I am overweight technology, underweight everything else but otherwise have a broad mix of funds and stocks.
Q: Here’s why Block (SQ) is a new best stock idea at Bernstein.
What's your opinion?
Buy now?
Thank you.
What's your opinion?
Buy now?
Thank you.
Q: I currently own both of the mentioned stocks. With Trump's protectionist (tariffs) policies, do you expect any detrimental effects on the future performance of SHOP and SQ. Thank you. Bill.