General Discussion

DFW

(57,428 posts)

98. I look periodically, but let it sit.

Reply to KT2000 (Original post)

Fri Feb 7, 2025, 04:03 PM

Feb 7

I can't touch my Roth IRA, since although under US law, I have paid the taxes in full when I converted, the Germans don't recognize that, and want another 50% of any distributions I take (so I don't).

Ironically, the Germans don't tax capital gains on stocks ("speculations" ), but the US does. The market IS kinda high right now, but I'm not in dire need of the money just yet, and I can't seem to find any volunteers to pay my US capital gains taxes if I sell now.

There are exactly two countries left in the world that do not recognize residence-based taxation. One is Eritrea. The other is the United States of America. It complicates questions like this one.

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Bernardo de La Paz

109 replies

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Highlight:

Take your money our of the stock market [View all] KT2000 Feb 4 OP

I hear and I obey! bif Feb 4 #1

What paper is ok to get? I subscribe to the NYT. kerry-is-my-prez Feb 7 #84

And LA Times! poli-junkie Feb 4 #2

LOLZ at "my money" Like I have any, or any control over that. Maru Kitteh Feb 4 #3

Exactamundo. WheelWalker Feb 7 #103

No. I'll keep investing and adding to our portfolio. We'll buy even more when stocks are low * Oopsie Daisy Feb 4 #4

Our options are limited KT2000 Feb 4 #5

Tanked 600 points? PoindexterOglethorpe Feb 5 #24

agree If I had taken everything out when the last crash happened yellowdogintexas Feb 4 #7

Indeed. I share your opinion and outlook and strategy. Oopsie Daisy Feb 4 #19

"last crash"? Are you referring to the crash in 1999, 2008, 2021 or the more recent piddly 2% day crashes? Bernardo de La Paz Feb 5 #61

Thanks, great charts and especially the commentary about not getting it right 100%, need to combat the fear and greed .. cliffside Feb 6 #69

the big investors KT2000 Feb 4 #8

Big investors do NOT tank the market every so often. PoindexterOglethorpe Feb 5 #25

Stock market cycles natural bc investors are emotional. Market too big for manipulation; individual stocks another story Bernardo de La Paz Feb 5 #56

You do realize that the indexes... Wuddles440 Feb 5 #54

You do realize that... Wuddles440 Feb 5 #55

I'm always disappointed at posts here FoxNewsSucks Feb 7 #105

Well, that statement is ambiguous and subjective at the same time. Oopsie Daisy Feb 7 #107

I see now KT2000 Feb 4 #6

How much have you taken out? MineralMan Feb 4 #9

I took mine out KT2000 Feb 4 #18

Tell me more about how the big guys manipulate PoindexterOglethorpe Feb 5 #27

What Does Dumping Stock Accomplish? ProfessorGAC Feb 4 #10

Capital gains taxes to fund the U.S. Treasury, Abolishinist Feb 4 #13

Capital gains taxes are only realized when you sell. SouthernCal_Dem Feb 4 #20

I'm more than aware of that. Abolishinist Feb 4 #21

My Concern, As Well ProfessorGAC Feb 4 #22

I've already sold all of my stuff ages ago. sakabatou Feb 4 #11

No, do not take your money out of the market. PoindexterOglethorpe Feb 4 #12

Same here bif Feb 4 #14

Nice. PoindexterOglethorpe Feb 4 #17

A few posts yesterday how it was "tanking" when the futures dropped 2% MichMan Feb 4 #15

I didn't sell anything bif Feb 4 #16

"still at an all time high". Bear markets don't start at all time lows. Bernardo de La Paz Feb 5 #60

No. Thank you for your input. Hekate Feb 4 #23

I did that the day of the election surfered Feb 5 #26

Considering the Dow is up 2,000 points since the election, PoindexterOglethorpe Feb 7 #88

Points don't impress savvy investors. That's only 6 percent. And citing it is bogus on two counts Bernardo de La Paz Feb 7 #93

People should do the opposite of what I do surfered Feb 7 #97

Sorry, I pay a financial guy to take care of my investments. He's doing fine amid the chaos. sinkingfeeling Feb 5 #28

Making huge monetary choices based on "politics of the day" is never a good idea... berkerly6240 Feb 5 #29

thank you KT2000 Feb 5 #38

Politics affects market risk and the economy Bernardo de La Paz Feb 6 #68

No DetroitLegalBeagle Feb 5 #30

We should stop caring about the stock market either way ck4829 Feb 5 #31

I do not care KT2000 Feb 5 #37

+1. Our society is overly tied to the stock market. radius777 Feb 6 #75

The problem is that Karma13612 Feb 7 #99

So, those of you who sold, PoindexterOglethorpe Feb 5 #32

My guess is that very few people ended up selling anything. n/t MichMan Feb 5 #35

I got in August 1 and got out Jan 9 and went to 85% bonds, 15% money Bernardo de La Paz Feb 5 #64

Care to be my financial advisor? Karma13612 Feb 7 #89

Years to recover? Hardly. PoindexterOglethorpe Feb 7 #91

Look at post # 61 of mine. Buying this late in the bull market is like buying 1999 Bernardo de La Paz Feb 7 #95

I went thru the Karma13612 Feb 7 #86

Huge dip. What huge dip? PoindexterOglethorpe Feb 7 #90

Impending dip in the STOCK market and/or economy. Which is why YOU are moving out of stocks and into bonds. Bernardo de La Paz Feb 7 #92

Yes, I got out of the stock market and into Karma13612 Feb 7 #100

Darn keys are right next to each other. n/t rzemanfl Feb 5 #33

You kicked over the beehive now Cirsium Feb 5 #34

Thank you KT2000 Feb 5 #36

Vested interests Cirsium Feb 5 #39

In that vein KT2000 Feb 5 #42

More along those lines Cirsium Feb 5 #43

Yes, Cirsium! KT2000 Feb 5 #47

"... the end of the world will come about because people want to keep their jobs." TheProle Feb 5 #45

Yep Cirsium Feb 5 #48

I said KT2000 Feb 5 #49

Alternate view: don't blow up your 401k as some vague and futile gesture. TheProle Feb 5 #44

Right Cirsium Feb 5 #46

I shall Greg_In_SF Feb 5 #40

Two of the things I have learned Disaffected Feb 5 #41

I don't like to give timing advice, but I do say what I have done or am doing & my reasoning. That is not advice. . . nt Bernardo de La Paz Feb 5 #67

Do not take advice from anonymous posters on the internet. Raftergirl Feb 5 #50

I just moved my IRA to a new fund. kimbutgar Feb 5 #51

Thinking about taking my money out of the bank. I think we all should flood our banks with calls with our concerns yaesu Feb 5 #52

Investing is hard enough without listening to everyone else bucolic_frolic Feb 5 #53

And mess with the banks. If you can, try using your credit cards less, pay with cash. Screw the banks out of their fees. Hotler Feb 5 #57

It's his god Blue Full Moon Feb 5 #58

What money? Texasgal Feb 5 #59

Hell to the NO! Xolodno Feb 5 #62

I lease a Tesla Polybius Feb 5 #63

I am pretty sure KT2000 Feb 5 #65

I never do that, I have friends with very different opinions Polybius Feb 5 #66

I did ibegurpard Feb 6 #70

You can liquidate a retirement account ibegurpard Feb 6 #71

The Wyckoff Method ... cliffside Feb 6 #72

Good reading there. Thanks. . . . nt Bernardo de La Paz Feb 6 #76

If you truly think that stocks will soon plummet, then put your money where your mouth is and short the market. NT Celerity Feb 6 #73

False dichotomy. That is a binary approach; very limited compared to a nuanced approach Bernardo de La Paz Feb 6 #77

Talk about false projection, I implied none of what you said. I never said ALL their money, and they (the OP) posited Celerity Feb 6 #78

Your post was exceedingly terse. It's confrontational tone ("put your money where your mouth is") implied plenty Bernardo de La Paz Feb 6 #79

... Celerity Feb 6 #80

Verbiage is cheap and benefit to cost ratio is high. . . . nt Bernardo de La Paz Feb 6 #81

To be fair, 'short the market' is the standard retort radius777 Feb 7 #82

It has been over ten years since I touched what stocks I have DFW Feb 6 #74

Already did the day I found out Trump got "elected" kerry-is-my-prez Feb 7 #83

Already did Karma13612 Feb 7 #85

Given that the Dow is up PoindexterOglethorpe Feb 7 #94

Points don't impress savvy investors. Bernardo de La Paz Feb 7 #96

Buying and holding is the best strategy radius777 Feb 7 #87

I look periodically, but let it sit. DFW Feb 7 #98

No. nt Gore1FL Feb 7 #101

Some can't do that. They depend on dividends or their retirement savings for JohnSJ Feb 7 #102

Non-US enid602 Feb 7 #104

Great Depression greatly worsened by Smoot-Hawley tariffs was a world-wide depression. . . . . nt Bernardo de La Paz Feb 7 #108

Only someone with NO investments would say this AkFemDem Feb 7 #106

yeah, sweetapogee Feb 8 #109