Quote:
Originally Posted by FG111
Hello and thxs for reply -
I thank you for your words, but my gain isn't that much considering that several of my friends have killed the market for the past four months.
I'm glad that I finally made more in the market than at Santa Anita & Gulfstream.
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For what it is worth, I find when people talk about money, it is not truth. I find that often people do not know so do not state truth. I like that my brokerage statement shows clearly what I made compared to the S&P average. The S&P over the past 6 months was up 16%, and that includes last week where it lost 3.31%
The math is interesting. Ask many people if, you have 10,000 and you made 10% the first year and lost 10% the next what would you have. Anyone who said 10,000 you are wrong. 10,000+10%=11,000 11000-10%=9900 100 vanished. To get back to your original 10,000 you need to make 9900+1.2%10,018. We all read that gains compound
so do losses. You will almost never read that reality. The same reality works with ten dollars, ten million or whatever.
The TAXMAN, I am amused. If, you have an IRA or a ROTH IRA one is supposed to grow tax free till you take out the money or are forced to. The other you paid the tax and it is supposed to grow tax free. Interesting on either you pay a TAX to our government on every stock sale. This TAX is called a fee. A rose by any other name...........