Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evolving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Hoping anyone who invested in GME can answer my question for me before the stock market opens:
I'm looking to invest in GME but it's complicated for me. I've read everything I could on SuperStonk but I'm still not understanding everything.
Regardless of that, I suppose I will just open an account on ComputerShare and DRS some shares from there.
But I need to know something before I do that, if I buy some shares and HODL until the end, do I have to pay taxes on that every year until the end and/or report it to that nefarious three lettered agency?
No, only things that currently matters is the price at purchase, the price at selling, and the time gap between those 2.
Less than a year and it's the profit between the sell and the buy charged as normal income tax.
More than a year and that profit is charged as long term capital gains, which currently max out at 20%